📈 Technical analysis BTC/USDT The Bitcoin price has reached a new all-time high (ATH) following Donald Trump's victory in the U.S. presidential election. This price movement has fully validated the scenario outlined in our previous analysis. Now we expect a correction of the latest growth wave in the near future. Key targets for this correction could initially...
📈 Technical analysis BTC/USDT Bitcoin started the new trading week with growth. After a corrective wave down to the 0.5 Fibonacci level, triggered by the escalation of the conflict between Iran and Israel, BTC has managed to hold above the EMA 200 and EMA 50 lines. Today, the price is retesting the nearest resistance block at $64,000 - $65,000, and the outcome...
📈 Technical analysis BTC/USDT The price of Bitcoin continues to fall and has remained below the EMA 200 and EMA 50 moving averages for over a week. A hidden bearish divergence is forming on the RSI indicator. If the support level at $56,000 fails to hold against selling pressure, we expect a move into the Imbalance 1H zone, where the gaps on the horizontal...
📈 Technical analysis BTC/USDT The price of Bitcoin has fallen amid the escalation in the Middle East and the decision by the US Federal Reserve to keep the key interest rate unchanged. Previously, during the prolonged July rally, the BTC price approached the upper boundary of the descending price channel but failed to break through. This was followed by a...
Bitcoin's price began to decline at the end of June due to news that the collapsed cryptocurrency exchange Mt. Gox is ready to repay its creditors. Additionally, the crypto market faced pressure from ETF outflows and miner capitulation. As a result, the BTC price formed a technical analysis pattern known as a Double Top. It has reached the first target of our...
📈 Technical analysis BTC/USDT The price of Bitcoin is returning to growth amid positive macroeconomic data from the US and a new wave of institutional investor interest in spot Bitcoin ETFs. Currently, the BTC price is moving within a narrow range (65,000 - 72,000), and a breakout from this range will determine the direction of its future movement. At the...
📈 Technical analysis BTC/USDT During the corrective movement, the price of Bitcoin reached all three targets from our previous review: the Imbalance 4H zone, the Imbalance 1D zone, and the support level of 57,000. The recent downward wave in the price of BTC was driven by the reluctance of the US Federal Reserve to lower the key interest rate and the outflow...
📈 Technical analysis BTC/USDT Bitcoin is undergoing a local correction ahead of the halving, scheduled for April 20th. The price of BTC has already reached the 0.5 Fibonacci retracement level from the last upward impulse and is currently testing the dynamic support line EMA 50 4H. In case it doesn't withstand the pressure from sellers, we expect the price to...
📈 Technical analysis BTC/USDT The price of Bitcoin has hit an all-time high amid expectations of the halving and capital inflows into spot Bitcoin ETFs. Currently, it is approaching a test of the local resistance trendline, which will determine the direction of further price movement. If the BTC price fails to overcome it immediately, we can expect a correction...
📈 Technical analysis BTC/USDT Bitcoin price has reached all targets from our previous review and set a new local high at $57,400. The driving force behind this growth impulse was the record inflow of funds into spot Bitcoin ETFs. Additionally, fundamental factors such as the upcoming halving and the rise of the US stock market in anticipation of the Fed's move...
📈 Technical analysis BTC/USDT During the correction, the price of Bitcoin reached both targets from our previous review: the Imbalance 1D and Imbalance 1W zones. The price drop after the approval of the spot Bitcoin ETF was halted by a significant support block at the level of 38600, from which a local rebound occurred. BTC price broke above the dynamic...
📈 Technical analysis BTC/USDT After the approval of the Bitcoin spot ETF, the price of BTC broke out of the parallel price channel and updated its local maximum to the level of 49,000, where its growth was halted by a significant resistance block. The lack of active Bitcoin growth surprised many market participants, but this can be explained by the fact that...
📈 Technical analysis BTC/USDT The price of Bitcoin has broken the upper boundary of the parallel price channel it has been in for over a month with an impulsive movement. Currently, we are witnessing a test of the resistance level at 42,000, upon which the further direction of the price movement depends. If BTC consolidates above it, we expect the formation of...
📈 Technical analysis BTC/USDT The price of Bitcoin continues to move within the ascending parallel price channel. After an unsuccessful retest of the 38000 level, the price returned to its lower boundary, where we are currently awaiting a retest. Thus, a new price range of 35000 - 38000 has formed. For BTC to continue its upward movement, it needs to surpass...
📈 Technical analysis BTC/USDT The price of Bitcoin made an impulsive move, reaching a strong resistance level at 38,000. However, it couldn't overcome it and returned to the price channel. The driving force behind this increase was the news of progress in the approval process of a spot Bitcoin ETF for the major fund Grayscale. In the previous review, it was...
📈 Technical analysis BTC/USDT The price of Bitcoin has made a breakout from the Pennant pattern formed during the trading session. Currently, we are witnessing a retest of its upper boundary. Typically, this pattern is worked out to the height of its flagpole, in this case, in the range of 40,000 to 41,000. However, there are few factors on higher timeframes...
📈 Technical analysis BTC/USDT The price of Bitcoin has entered the Imbalance 1W zone, where it made a strong upward break through the trendline. The sharp increase in Bitcoin's price is due to the expectations of BlackRock approving a spot Bitcoin ETF. As we have mentioned multiple times, after the rehearsal on October 16th, these expectations will be reflected...
📈 Technical analysis BTC/USDT As we mentioned in the previous review, Bitcoin's chart now reflects expectations of BlackRock's spot Bitcoin ETF approval. Another reason for the current rise was the news of the SEC withdrawing its lawsuit against Ripple (XRP). Following our scenario, after consolidating BTC above the $28,000 level, it has predictably reached a...