I see Bitcoin moving accordingly so far. On my daily chart, RSI is just getting to 30. And Bitcoin is still above the 200 Simple Moving Average so it has room to come down before a bounce as it always does with these chart patterns. Thus, I still see no need to panic. Only opportunities to accumulate or get in.
After the FTX incident, sellers should be exhausted. Bitcoin was already bottoming out before the event. We have a strong candlestick forming to the upside. Any one buying at these levels will make big profits.
Same Chart, Different day. As they say , "Resistance becomes Support". In my view, this chart shows your often repeated pattern of blowing through resistance and then coming back down to that level. Thus, if the pattern repeats, Bitcoins bottom is at the $20,000 range.
Bitcoin has been in this $60k zone for months. Previously it was resistance, however, for the last few months it has been staying above $60k. The trend is my friend and it has been going upward so I believe it is most likely to continue upward to $85k.
Bitcoin on the one hour chart looks so sweet sitting over the resistance level I have here in white since April of 2021. If we break up, which is my view, we are going into new highs.
RSI on the daily went down close to 30RSI. 4hr chart is already heading up and the hourly is set to make a decision sometime tonight or by tomorrow. I am bullish so I see us heading back up to $50,000 which has been resistance. Once we break this resistance, $65,000 and above will be exponential. Regulations and bans on Bitcoin up to this point seem weak for the...
The Chart is indicating a cross roads moment for the 10yr. I was on a downtrend, its back up hitting resistance. It can break either way, but if the downtrend resumes, it going down hard.
Bitcoins relentless pursuit of higher prices is driven by its core community. Manipulators will try to keep it under $50,000 but its hard cap supply will eventually defeat them. We are definitely going to reach $100,000 eventually. its only a matter of time and time is running out for the Bears.
Bitcoin is still in a uptrend. From the looks of this chart, Bitcoin has come down to the 200 day simple moving average on the daily chart. This is perfectly normal and expected. Furthermore. Bitcoin RSI levels are perfect for buying in this area and we should see a bounce back up from here.
Just look at the chart. Which way is it going, Upward!. Which means that if Bitcoin crushes $60,000 again we are looking at $85,000. So I am waiting to see what happens at $60,000. I bought just under $50,000 some more Bitcoin before it started it's upward trend again.
Bitcoin has been consolidating between $60,000- $50,000 for some time. I think it is ready for the next leg up- $100,000. In addition, other cryptocurrencies are trailing Bitcoin very well.
In my view, Bitcoin is doing just fine. It came down on the RSI but it actually established a higher low on the RSI. And it bounced nicely of the 26 EMA on the daily chart. From here we should see $65,000 to $85,000. Until we eventually see it $100,000
I've been waiting for weeks now for this correction and it finally arrived. I am expecting a bottom at $20,000 but $24,000 range could also be in play since at this range we would be around 30 on the RSI. Either case, I am ready to squeeze the trigger for a long term play that will prove to be more profitable.
Finally Bitcoin is cooling down. Now you will see many people forecasting that Bitcoin will go down to $5,000, I disagree. This is normal, no one should be selling at this point. The time to take profit was around $42,000. Now is the time to Bit-in or wait to see how much further down we can go to get the best price. I do not see us going under $20,000 at worst...
Bitcoins hourly chart is looking really bullish and there isn't any signs of Bitcoin heading down yet even though I have been waiting on it. I think within the next few hours we should see which way Bitcoin will be heading.
