CryptocurrencyWatchGroup

CryptocurrencyWatchGroup

Alright folks, here's my outlook on Bitcoin's path to $100,000. Based on the current technical setup, if Bitcoin can stay within the Pitchfork green zone, we could see it hitting $100,000 as early as 2025. However, if it lingers in the Pitchfork red zone, we're more likely to see $100,000 by 2026. Now, diving deeper into the analysis, my custom indicator has...

CryptocurrencyWatchGroup

Alright, ladies and gentlemen, we're looking at Ethereum Coinbase 4-hour chart. As you can see, it's been hovering around the 0.786 Fibonacci level for a few days, but it has faced multiple rejections today. The market buyers are present, but moderately so we need more buying pressure to push Ethereum above that 0.786 level. If Ethereum can break through, we could...

CryptocurrencyWatchGroup

Just spotted a bullish setup on the 4-hour chart for the Gemini Exchange. It looks like we could pop to $65,000.

CryptocurrencyWatchGroup

On the Bitcoin Coinbase 4-hour chart, we had a solid day with plenty of buyers in the market. However, as I mentioned earlier, this is just the beginning, folks. Right now, you can see that the Fibonacci 0.618 level has been rejected three times, leading to a drop all the way down to around $62,800. We need this level to hold as support; if it breaks, our next...

CryptocurrencyWatchGroup

Good news today, ladies and gentlemen! The Fed has dropped interest rates by 50 basis points, which is exactly what we were hoping for. The market has reacted positively, and Bitcoin is climbing, currently at $61,831. We're looking for Bitcoin to close above this support line of $61,689.00 and if it bounces from here, we could face resistance at $62,905. Further...

CryptocurrencyWatchGroup

Ethereum 4-hour chart on Coinbase looks extremely bearish, with ETH trapped in a descending channel. I'm quite disappointed in Ethereum's performance. Having been around for nearly 10 years, I expected it to be much stronger by now, with a stable trading range of around $8,000 to $15,000. Well here it is support is at $2,222, and we're looking for a potential...

CryptocurrencyWatchGroup

I don't usually cover US stocks on this platform, but for those following the S&P 500, it had a strong rally over the past few days. However, it’s now facing resistance around $5,650, just shy of the all-time high set back on July 16, 2024. Despite the recent run-up, it couldn’t quite reach the resistance line, and everything now depends on how the market reacts...

CryptocurrencyWatchGroup

I've got some important updates for you. We're closely watching Bitcoin, and things are looking bearish right now. There's support around $56,700; ideally, we'd like to see it held there for a few days. If that doesn't happen, the next support level to watch is $54,000. Now, the big news is about the Fed's decision on interest rates this Wednesday. It's difficult...

CryptocurrencyWatchGroup

Alright, on the 4-hour chart from 2 days ago, Bitcoin was hitting strong resistance at $60,800 and couldn’t break through. The crucial support level is now $58,100, which Bitcoin needs to hold to bounce back up if it fails. We're heading down, folks, and you can see it on the charts. Please hit that like button (or is it the boost button?). Have a great day!

CryptocurrencyWatchGroup

We've shifted our focus back to Ethereum, where on the daily chart, we can see ETH moving within a rising channel. This channel is bearish, as we've seen on the chart. I expect it to drop to $2,118, and if that support level doesn't hold, the next support is around $1,934. Heading into next week, it looks like things could get rough. Thanks a lot, and don't forget...

CryptocurrencyWatchGroup

Alright, ladies and gentlemen, we had a strong day for Bitcoin, with a solid move to the upside, indicating positive momentum from the bulls. However, Bitcoin is now facing strong resistance at $60,800. If it breaks through this resistance level, we could see a push all the way up to $64,800, which is the next major resistance. However, it's more likely that...

CryptocurrencyWatchGroup

Let's give everyone some hope because Bitcoin is not looking great at the moment. On the weekly chart, we're seeing a Symmetrical Triangle, and if it breaks to the upside, my prediction is that by the first quarter of 2025, Bitcoin could reach as high as $85,330. That would bring smiles to many faces and put more money in people’s pockets. However, if Bitcoin...

CryptocurrencyWatchGroup

Bitcoin is currently at $56,600, and it’s crucial to monitor its support levels closely. Here’s the lineup of support levels that Bitcoin needs to maintain to avoid further downside movement.

CryptocurrencyWatchGroup

We've had one piece of bad news after another over the past few days. The July CPI report was released, and while it showed a 1% drop in inflation, the Bitcoin market reacted negatively, dropping over 6%. Investors weren't pleased with the CPI report, and to add to the uncertainty, the U.S. government transferred 10,000 Bitcoin to an unknown wallet. It's unclear...

CryptocurrencyWatchGroup

Bitcoin has been contending with the 200 EMA for a while now, and the momentum is building. It’s primed to break out. The rocket is ready to launch, and I anticipate BTC will find support at $60,700. From there, it could bounce off that level, push through the $62,073 resistance which isn’t particularly strong, and make its way up to $64,727, where it may...

CryptocurrencyWatchGroup

I'm still bearish on Bitcoin. We're facing strong resistance at $60,000, and while Bitcoin is currently at a support level of $59,400 and showing some upward momentum, I don't believe it will break through $61,158. I expect the strong resistance at $60,000 will lead to another rejection, potentially bringing the price back down to $57,157.

CryptocurrencyWatchGroup

Here's some promising news for those hoping Bitcoin will reach $100,000 by the end of the year. We’re observing a bull flag pattern on the weekly chart, which could set the stage for that goal. If everything progresses smoothly, reaching $92,722 is a possibility. Given that it's a U.S. presidential election year, unexpected developments are always possible. www.fool.com

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On the 15-minute chart for Bitcoin on Binance, the price needs to break through the Fibonacci 0.382 level to maintain bullish momentum. If Bitcoin fails to surpass this level, it may drop to the $54,000 support area. We're not out of the woods just yet.