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Bitcoinanalysis

#Bitcoin Bulls Optimistic, Will BTC Hold Above $26.5k?Past Performance for Bitcoin Bitcoin prices are lower when writing though trading higher from last week's highs and above the $25.8k support level. Overall, buyers remain bullish. Even so, there must be conclusive rallies above the $28.3k buy trigger level if the May 28 gains will anchor the upcoming trend. On the broader view, the level between FWB:31K and $25.8k mark the upper and lower limits of the current trade range. #Bitcoin Technical Analysis Buyers are in control from a top-down preview, but sellers have recently been pressing on. As it is, there are hints of strength, and the bulls of May 28 may shape the immediate trend. However, for buyers to take charge in the short term, there must be a wide-ranging, high volume close above $28.3k. In that case, BTC may rise to $30k in a possible trend continuation formation from an effort versus result perspective anchoring on the May 28 bull bar. That prices are in range within the wide-ranging bull bar is critical for buyers, supporting this outlook. Conversely, this would change should BTC prices unexpectedly crash below $26.5k, reversing gains of May 28. What to Expect from #BTC? As it is, there is a chance of an uptrend unless there is a breakout below $25.8k, canceling out buyers of the recent weeks. That event would mean the recent sideways movement was a distribution, paving the way for losses toward $22.5k or worse. A relief rally above $28.3k and $30k may be the base for a recovery that could retest $31k. Resistance level to watch: $28.3k Support level to watch: $26.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
2
Bitcoin will go down by 🗻Triple🗻 Top🗻 Pattern(Short term)Bitcoin has formed a 🗻🗻🗻 Triple Top Pattern 🗻🗻🗻 near the 🔴resistance zone($ 27,240-$ 26,160)🔴, and a long-bodied red candle has broken the neckline. Bitcoin is currently completing a pullback to the neckline. I expect Bitcoin to go down to at least the 🎯target 🎯 I marked on the chart. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
16
Bitcoin Soaking Sell Pressure; Will BTC Break Above $28.3k?Past Performance of Bitcoin Bitcoin prices are higher when writing, soaking selling pressure from yesterday. It remains to be seen whether prices will float higher. Sellers have the upper hand if prices stay below the $28.3k reaction level. Based on this formation, traders should wait for a clear trend definition, aware that gains above $28.3k and ideally $30k on the upper hand and $25.8k on the lower end could shape the medium-term trend. Bitcoin Technical Analysis Overall, there is a glimmer of hope for bulls since the immediate trend is, after all, bullish from a top-down preview. The current trend is defined by the buying trend from March to April. Therefore, Bitcoin bulls have a chance only once there is a comprehensive close above the liquidation zone at $30k and $31k. The $28.3k level is the initial trigger that may anchor the leg up toward April highs. However, considering the failure of bulls to press on and comprehensively reverse recent losses, there is a chance that BTC may collapse below the clear support level of May despite today’s gains. Therefore, conservative traders can steer clear and wait for a breakout before initiating trades. Any loss below May lows could see BTC drop to as low as $22.5k What to Expect from BTC? The path of least resistance is upwards, from a top-down preview. An optimistic outlook shows that a close above $28.3k will confirm buyers of May 28, possibly setting up buyers for the next leg up to $30k in a mini-rally, an opportunity for aggressive buyers. This will be canceled once sellers breach May 2023 lows. Resistance level to watch: $28.3k Support level to watch: $25.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Bitcoin Bears Resilient, BTC On The Loss As Gains ReversedPast Performance of Bitcoin Bitcoin prices are lower when writing, dropping from yesterday's lows as gains of May 28 are strongly reversed. Even though the upside remains, at least from a top-down preview, the loss below FWB:27K should be a concern for holders. For now, conservative traders should track how today's close will be. If it closes below FWB:27K , the odds of further dips toward $25.8k will be increased. #Bitcoin Technical Analysis At spot rates, BTC remains inside a broad trade range. On the upper end, resistance is at $30k and $31k. Meanwhile, support is at $25.8k on the lower end. As prices oscillate, the BTC price action is in a trading range. However, the primary trend remains to be upward from a top-down preview. Based on this, risk-on traders can wait for a conclusive close below $25.8k before loading, aware that any gains above $28.3k and $30k nullifies this preview, allowing buyers to resume their uptrend and mirroring March to April trade range. What to Expect From #BTC? As bears press on, BTC will likely drop lower towards the primary support range, mirroring losses of mid-April. How prices react at this level will determine the short to medium-term trajectory. A sharp breakout below $25.8k may trigger a sell-off pushing BTC toward $22.5k Resistance level to watch: $28.3k Support level to watch: $25.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Bitcoin Analyze (Road Map, 05/31/2023)!!!🗺️(1-hour time frame)Bitcoin is still moving in the descending channel. Also, Bitcoin is moving in its main bearish wave 3. I showed you the 🗺️Bitcoin roadmap🗺️ in 1-hour time frame using Elliott wave theory. Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
16
#Bitcoin Slips But is Bullish, BTC Have a Chance to $31k?Past Performance of Bitcoin Bitcoin prices are down but firm when writing. Although there has been no confirmation of recent gains, bulls have been holding on, keeping prices within the May 28 range. Moreover, the immediate trend is bullish, with the wide engulfing bullish bar of the weekend shaping the current trend. As it is, BTC has resistance at around $28.3k with support at $27k. #Bitcoin Technical Analysis The revival of BTC prices means the coin is in a broader consolidation in a bullish path defined by gains from mid-March 2023. Technically, buyers are confident, and this formation remains, especially if there is a follow-through of the May 28 gains. A bullish bar breaking above $28.3k may lift BTC towards $30k and later FWB:31K in a bullish continuation formation to the upper range of the current consolidation. In this case, this could confirm that the recent drawdown was a retest of February highs. Therefore, at spot rates, aggressive traders may load on dips above FWB:27K , expecting more gains. Conversely, any unexpected drop below $25.8k cancels this preview from an effort-versus-result perspective, swinging price action back in favor of sellers. What to Expect from #BTC? BTC is under pressure but bullish inside the May 28 bar. Overall, the coin is in a sideways consolidation favoring buyers from a top-down preview. If prices are above $25.8k, marking May 2023 lows, the upside remains, and price action will stay in a bull flag. Resistance level to watch: $28.3k Support level to watch: FWB:27K Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Bitcoin- Which way?After it found strong support under 26k, tapping twice in this zone, Bitcoin started a leg up and reached a high at 28500. Currently, the price is consolidating these gains and has two evident levels for traders to watch. The old resistance, now support at 27500, with a clear drop under exposing the recent low and keeping BTC under the falling trend line and under pressure. The recent high which coincides with the falling trend line, with a break above possibly leading to 30k in the near future.
BITSTAMP:BTCUSD
by Mihai_Iacob
3
#Bitcoin Breaks Higher, Recovery Completes A Bull Flag?Past Performance Bitcoin prices are up eight percent from recent lows when riding, breaking above FWB:27K and $27.5k, two of last week's resistance lines. At this pace, there are hints that BTC bulls are building momentum. However, whether this will continue depends on how prices close. A sharp close above $27.5k, confirming yesterday's gains, would likely lift BTC to $28.3k and better in subsequent sessions. #Bitcoin Technical Analysis Overall, the medium to long-term price formation is bullish. The rejection of lower prices and rebound from $25.8k in the last few trading days suggests confidence. Even so, it will be critical that bulls close above $27.5k and the middle BB today. In that case, there could be more gains towards $28.3k in the days ahead in a buy trend continuation formation. The resulting formation means that the primary support of the bull flag will be at $25.8k, while buyers should target FWB:31K or April 2023 highs. Any dump from spot rates below this key support level disqualifies bulls, canceling this preview. What to Expect From BTC? BTC is technically bullish from a top-down preview. Prices failed to move lower and have swung back, closing above last week's consolidation. Since the FWB:27K and $27.5k zone represented a strong liquidation line, the surge of May 26 through 27 could anchor the leg up to $28.3k or better in upcoming sessions. Resistance level to watch: $28.3k Support level to watch: $26k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin 1D TF Bitcoin is undergoing a corrective phase following a significant 57% upward movement. I anticipate a decline in Bitcoin's value by at least 20%, as it currently resides within a bearish channel. However, once it reaches the range of my particular interest, which lies between 24836.98 and 25335.01, I expect Bitcoin to break out of the channel. Several factors contribute to this analysis, including the presence of a declining trend line, an inclining trend line, a rejection point, the bottom of the channel, and a bullish fib level of 0.5. After experiencing a 20% drop, I anticipate Bitcoin's momentum to shift towards a bullish swing.
COINBASE:BTCUSDLong
by ChartStrategist
#Bitcoin Selloff Drops, BTC Upside Limited at $27kPast Performance of Bitcoin Bitcoin is down but steady, looking at price action in the daily chart. There are attempts of higher highs in the lower time frames, but the downtrend remains. As it is, primary resistance levels remain at May 24 highs at around FWB:27K and $27.5k. #Bitcoin Technical Analysis The path of least resistance is southwards, and BTC is within a bear formation. Overall, traders can look for short entries if prices are inside the May 24 bear trade range and below $27k. In a bear breakout, every attempt higher is a retest of the previous support turned resistance. The trend is clear, and sellers can double down, targeting last week's lows at around $25.8k. Deeper losses may trigger even more drawdown towards $22.5k and $20k. What to Expect from #BTC? Bulls are confident since the BTC price action is broadly within a bullish formation in higher time frames. The immediate support is $25.8k. Still, the upside is capped at around FWB:27K and last week's highs. Bears will continue dominating as long as prices cannot float back to the primary bullish trend. Resistance level to watch: FWB:27K Support level to watch: $25.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Bitcoin Selling Pressure Falling, Will Bears Take Charge?Past Performance of Bitcoin Bitcoin prices ended up higher yesterday but closed with a long upper wick suggesting a sell-off in lower timeframes. This was confirmed with the spill off today, forcing prices lower. Moreover, while there were notable gains, associated trading volumes were lower than expected. Therefore, although bulls are optimistic and expecting more, traders should adopt a wait-and-see approach. Specifically, gains above $28.3k may pump prices. However, BTC remains within a trading range with clear resistance and support levels, trending lower at spot rates. #Bitcoin Technical Analysis The horizontal consolidation of BTC prices continues, reading from the development in the daily chart. Even though bears have the upper hand, at least per the recent price action, the downside momentum is fading. Bear bars are moving away from the lower BB, suggesting lower selling pressure. At the same time, prices are moving back to the middle BB, suggesting low volatility. The $28.3k resistance line and the middle BB are immediate resistance levels. On the lower end, support is at $25.8k. Therefore, without a comprehensive close above either reaction lines, conservative traders can wait for a clear trend definition. What to Expect from #BTC? The upsides remain from a top-down preview. However, sellers appear to be in control, peeling back gains from late April. As it is, bears appear to be in control, provided resistance is at $28.3k. Any drop below the current trade range's low at $25.8k will cancel bullish attempts, paving the way for even more liquidation in the short term. Resistance level to watch: $28.3k Support level to watch: $25.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin growth from bottom of Ascending Channel(short term)🚀Bitcoin is moving near the bottom of the ascending channel in the 15-minute time frame. I expect Bitcoin to go up to at least the resistance line. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
25
#Bitcoin Erupts, Will Bulls Reverse Recent Losses?Past Performance of Bitcoin Apart from today’s gains, there are no major changes on Bitcoin, and prices remain within a trade range in a possible distribution or accumulation dictated by the breakout direction. Presently, BTC is limited to the upside at $28.3k while prices are bouncing above the $25.8k support level. #Bitcoin Technical Analysis The path of least resistance, in the short term, is southwards despite today’s gains. Traders should watch closely how prices react at $25.8k if bears press on. However, if the bear run is over and bulls are ready to take the coin to a higher level, a convincing close above $28.3k may trigger demand. Either way, the current sideways movement means sellers have the upper hand, and the channel could be a distribution. Going forward, traders can also watch trading volumes. A breakout with expanding participation levels could define the short-term trend. If bulls are determined and build on today’s gains, there must be a sharp, high-volume expansion above $28.3k in subsequent sessions. What to Expect of #BTC? Technically, sellers are in charge despite recent gains. Participation is relatively low, and traders are waiting for proper signals. For now, conservative traders can wait on the sidelines until there is a definitive breakout above or below the current range. Resistance level to watch: $28.3k Support level to watch: $25.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
1
Knock Knock Bitcoin, are you there?Well, what is there to say? Bitcoin has been moving very well for the last couple of months until it started to surprise me. At this point it's still moving according to the count as it reacted off of equality of wave {c} vs. {a}. With all honesty I do not have a clear idea on whether we have finished wave 2 or not, but for the time being I do not have any reasons not to be bullish. I'll keep it monitored, but all I can see is that there are no conditions to open any trades nor long or short, but that is obviously my own opinion based on the way I trade and my own experience. As always, these is not financial advice, but feel free to ask questions if you have any! Trade safe!
INDEX:BTCUSDLong
by EWFAlessio
3
#Bitcoin Sideways Movement, BTC Remains Bearish Below $28kPast Performance of Bitcoin The horizontal consolidation of BTC prices below $28.3k continues. As it is, the sideways movement is within a leg down. Because of this, sellers are in control in the immediate term. This preview is, nonetheless, forming within a broader bull formation defined by the solid gains posted from mid-March 2023. Technically, watchers should watch how prices react at $25.8k, the immediate support trigger line. #Bitcoin Technical Analysis Overall, sellers have the upper hand in the short term. However, this outlook will change should the coin break above $28.3k and last week's highs. At spot rates, buyers have failed to reject selling pressure from the end of April 2023. Therefore, current formation swings to favor sellers. Even so, traders should wait for a convincing, high-volume breakout in either direction. A breakout above last week's highs with expanding volumes may anchor the base for the next leg up towards $30k or better. Conversely, losses below $25.8k may trigger a sell-off, aligning with the bear run from May 6 to 12. In that case, BTC may drop to $22.5k or lower. What to Expect from #BTC? Bulls are upbeat, but sellers are also determined. The result is a sideways movement which can either be a consolidation or distribution, depending on the breakout direction. BTC is bearish from an effort versus result perspective laid out by early May 2023 price action. Resistance level to watch: $28.3k Support level to watch: $25.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer