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30K

BTC cant make up its mindSteadily creeping upwards for months now. BTC has hit the major level around 30k. This resistance level is psychological (30k), it is the support we found in the summer of 2021 and it is also a .618 FIB level from the top of 2017 to 2019 bottom. On the weekly BTC has been in an upwards trend (gray trend lines)trading above the Bullmarket support band. There is a chance we crab more here and pop out to the upside which i believe will lead to 33k first and then 38k. Before that 27k not out of the picture. Break 26k and we see 22k. Personally i think BTC will ultimately scoop the lower levels near 20-22k but first we need to trap more fomo longs, so move up to the 30s, trap longs, then blackswan/crash before halvening as is tradition.
BNC:BLXLong
by Suneater69
10/07/23 Weekly outlookLast weeks high: $ 31542.8 Last weeks low: $30610.1 Midpoint: $29677.4 Previous weeks price action tells an interesting tale. Beginning the week precisely on the midpoint of the week and ending on the 0.25 line. The choppiness from last week follows a similar pattern to weeks previous, the target for the bulls of 32.5k and above is still in sight. Last weeks new local high of 31.5k took out the previous local high but has now printed a swing fail pattern (SFP). With CPI on Wednesday this could be a high volatility event to get to that 32.5k wick and take liquidity in the supply zone. Just an idea. As of now there is quite a large FVG at around 27k and this should be the bears target. I think this has an equal chance of happening as the 32.5k, however, losing 29.1k and acceptance below that level will increase the possibility of that happening and the added confluence would prompt me to look to go long around that 27k level. We will see once we get there. Good luck to everyone this week!
by ProR35
BTC 2019 cycle pattern repeating!The current market is looking very much like the 2019 Market just before the covid sell off began in both the chart and the RSI. If we can not hold the 21 weekly MA as support, I believe a visit back to 30k is looking very likely before the next major run up to and above 100k. Without the Heavy Covid FUD of 2019, this potential sell off may not be so severe. This is why I dont think we will dip below 30k, but anything is possible. Thoughts and feedback please.
BITFINEX:BTCUSDShort
by louisville51
3
BTC WILL BOUNCE ON JUNE ? We are on a simetric triangle that could be bullish or bearish, I'm bullish since we have higher lows. - We don't have much volume since the CME Globex Trading Schedule is on Holidays for Memorial Day (28 May - 1 June 2021) - The action price looks clever, the miners keeps holding. - Project Jasper is developing a new way of payments allowing works with bitcoin. - Investors and institutions started to invest in BTC. - Could be the end of wyckoff. - ADX is bullish/range since not have force enouth - Weekly RSI : 44 - Daily RSI : 32 Conditionals: - Hold the 30k -33k triangle. - Hold the 30k support. Bearish scenario. - Current behavior from Long-Term Holders and Short-Term Holders only resembles two other times: 2018 bear market & 2013 consolidation between double pumps - If we lose 30k - 29k Support we could reach 20k - 19k and then bounce. Things to consider: - Montly candle is the key for the possible scenario. - The volume will start 2 - 3 June. - Big meeting of BTC : Bitcoin Conference 2021 (4 - 5 June) - Goldman Sachs changed opinion about BTC. - Chinesse Mining Enterprises are considering move to EU and USA mostly, which is not great for the crypto but maybe for the price because big institutions will get more confident since the goberments start to dig and tax the mining and have better control of exchanges.
Long
by awstian