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Bitcoinanalysis

#Bitcoin Trading Volumes Dropping, But Prices Hold above $26.6kPast Performance of Bitcoin Bitcoin prices are mostly stable when writing, looking at the general performance in the daily chart. Even though the coin has been under pressure in recent days, the failure of bears to push harder on March 28 means buyers have a chance. Still, how prices react between $26.6k and $29k would shape the coin's short to medium term trend. #Bitcoin Technical Analysis The path of least resistance, from the top-down preview, is northwards. From the daily chart, BTC has support at last week's lows at around $26.6k. Resistance is at $29k but $28k is also a vital reaction point marking March 27 highs. As it is, trading volumes are light, impacting momentum. Until there are sharp movements above or below $28k or $26.6k, traders can watch from the sidelines until a trend is defined. What to Expect From #BTC? Buyers are upbeat, looking at the chart, but the upside momentum is comparatively low. Though there are lower lows relative to the upper BB, signaling weak buyers, bulls have a chance above $26.6k. Therefore, unless there is a clearly defined trend, March 27 lows would be a critical sell trigger line in the short term. Resistance level to watch out for: $29k Support level to watch out for: $26.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Is the Bitcoin Party Over Yet? Grab Your Profits Before ..."Is the Bitcoin Party Over Yet? Grab Your Profits Before They Vanish!" Greetings traders and investors! I hope life's treating you well. Today, we're on a mission to uncover when this epic bull run might end so you can secure your hard-earned gains and shield them from a potential crash. In earlier discussions, I've referred to a 9-month trading channel. Bitcoin recently shattered this channel, sending its price on a steep upward trajectory. This comes as no surprise, given that 9 months of accumulation have now culminated in this explosive rally. Despite chatter about the Fed hiking interest rates, an impending global economic crisis, and other concerns, Bitcoin seems to be unfazed and continues to defy all expectations. Regarding whether this is the end, my estimation is that the current trend is about 70-75% done. We might see a local dip in the price, but next month should be bullish for the crypto market. The odds are 99% that the entire trend will wrap up between $32k and $36k. And, like most cases, it'll probably conclude with an ascending wedge pattern, which has a 70%+ likelihood of causing a price decline. Should a correction occur, keep an eye on potential buying opportunities around $25,300 and $24,000. In the meantime, don't forget to monitor altcoins! At the peak, liquidity will shift into altcoins, creating a golden opportunity for them to shine. So, fellow crypto enthusiasts, buckle up and get ready for a thrilling ride! With the Bitcoin party nearing its end, it's time to strategize and maximize your profits. Keep a close watch on those crucial price levels and, importantly, don't overlook the potential of altcoins. As the peak approaches and liquidity pours into these alternative cryptocurrencies, you could be poised to seize an exceptional opportunity. Remember, the crypto world is a rollercoaster, and staying informed is essential for success. Keep your finger on the pulse and be prepared to act when the time is right. By doing so, you'll be well-positioned to capitalize on the remaining growth and protect your profits from a possible downturn. Happy trading and investing, and may the odds be ever in your favor!
Long
by Yaroslav_Krasko
2
$BNB Chart Clearly Predicts A Drop- The News Story is IrrelevantSo to put the whole picture together: -BTC chart looks due for a juicy pump -COIN looks due for a juicy pump -BNB looks due for a nasty drop off (based on the chart- the channel charted, specifically)- yet they'll blame it on the sudden "news story" -US Banks look set to fail (based on the charts), and if/when they do, they'll claim that that is why BTC is pumping So all together simultaneously that's: Bitcoin pump, BNB dump, COIN pump, US banks dump
Short
by UnknownUnicorn1935796
Bitcoin Retraces, Breaks Below The Rising ChannelPast Performance of Bitcoin On March 27, Bitcoin prices fell below the rising channel, retesting $26.6k and last week’s lows. Even though the primary trend remains northwards, the upward momentum is tapering, and sellers are likely to press lower in the days ahead. As it is, traders can watch closely whether prices will dump, aligning with the losses of March 22. #Bitcoin Technical Analysis From the daily chart, BTC is down 2.5% in the past day and week. Prices remain in a tight consolidation. Since the bar of March 27 is bearish engulfing, aligning with the trend of March 27, the odds of a follow-through remain high. Therefore, traders can stay on the sidelines and anticipate a high-volume breakout. Losses below $26.6k may trigger a sell-off that may see BTC tank to $24k in a retracement. Conversely, it will be a relief for buyers should prices recover above $28k, reversing yesterday’s losses. That may set the base for a leg up towards $29k in a bullish trend continuation formation. What to Expect From #BTC? Buyers are upbeat. However, how prices react in the next few days depends on the breakout direction from the current consolidation. The bull bar of March 17 shapes the immediate term trend and trends to favor buyers. Any breakout below $26.6k may see this trend reverse in a correction. Resistance level to watch out for: $28k Support level to watch out for: $26.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
BTC WEEKLY TIME FRAME FALLING WEDGE ANALYSIS 28 MAR 2023'll be Completely LONG 🟢in BITCOIN (BTC) once it breaks out 📈and successfully re-test this falling wedge in weekly time fame till then only scalping and some swing trade only💹. I'll also tell you guys when you can start buying in Bitcoin in SPOT 🛄 and when to do DCA also📊 In the above chart📊 i have shown you the 3 possible ways ♻️according to my analysis for the break-out📈 in which the last one has the possibility of the New Bottom⤵️ as well so keep your eyes 👀on the charts and let's where it breaks-out from👍 BITSTAMP:BTCUSD
BITSTAMP:BTCUSD
by harshkamalkumar
Bitcoin, A long term overview!Let's take a look at Bitcoin in 1D chart, a long term overview of the possible bitcoin moment for upcoming weeks. Recently Bitcoin is showing more bullish momentum and everyone is optimistic towards the bull run. However as we have seen the past, a proper bull run starts after the Bitcoin halving. Whatever the momentum that we are seeing now is just a preparation for the real bull run which is expected after the bitcoin halving (which is expected around April 2024) and we are going see new ATH for bitcoin in end of 2024 or beginning of 2025 Let's see what we can expect in the upcoming weeks. As expected we can see some consolidation of the bitcoin pricing around the current resistance around 27-30K. Breaking 30k barrier will add some positive sentiment to the market and we can expect some consolidation after breaking 30k. If the positive sentiment continue we can expect bitcoin to rally towards it's next major psychological resistance of40K. I believe run from 30K to 40K will be a smoother one and should be achieved within a month. Overall i'm bullish on the overall bitcoin pricing expecting it to reach 40K within next 4-8 weeks. Once we reach 40k, it's hard to reach 50K barrier and we can some downtrend after that. For now let's wait and watch for 40k target and enter some low leveraged trades on Bitcoin with Stoploss around 23k range. Cheers!
Long
by GreenCryptoTrades
btcusdt short set up?as we approach the weekend eyes will be on crypto currencies to see what direction we're headed, seems like btc has just stalled here and is having a hard time breaking out and continuing up, now with this rejection and the fact we haven't back tested 25100-25000 area i am anticipating that price may want to correct before making a leg higher.. we also have bearish divergence on multiple time frames information shared is for educational and demo purposes only, please master and manage risk when trading in the financial markets!!
Short
by therealbinarymaster
Bitcoin Dump Signs On Chart Is Insane! Is Today The Crash Day??BTC/4H doing Another Rising Broadening wedge We made 3 top and each were lower than previous one. the last pump that happen was a liquidity grab.Also On Daily Bitcoin looks very dumpy,H&S could be in play too (mentioned in video) Keep In mind after the touch we did at 28954 it dumped heavily and then regained it back with a lower high. and the consolidation is inside that red candle and It Formed a BIG Pennant. showing a possibility of a strong dumpage. There is some Bullish Sign That Ive talked about in video too that could play out and we could visit 31K ( I doubt it though) but worth mentioning it Thanks for all your support
BINANCE:BTCUSD.PShort
by pcmonk
#Bitcoin Prices In A Rising Channel, Will BTC Break $29k?Past Performance of Bitcoin Bitcoin is mostly stable, inside a narrow rising range per the development in the daily chart. The uptrend remains as long as prices are within the rising channel and above $26.6k. Even so, BTC is below $28k, and trading volumes are dropping. Still, buyers are optimistic, expecting more gains in the days ahead. #Bitcoin Technical Analysis The path of least resistance is northwards, BTC candlestick arrangement in the daily chart shows. There is a rising channel but with decreasing volumes. Prices are defined by the bull bar of March 17, and prices didn't contract, aligning with the formation of March 22; buyers have the upper hand from an effort versus result perspective. There could be more opportunities once there is a bullish breakout above $29k with rising volumes, aligning with the bull bar of March 22. This may lift the coin to $32k. Conversely, any drop below the channel, below last week's lows, might weigh BTC negatively, triggering a sell-off. What to Expect from #BTC? Traders are buoyant, considering the arrangement in the daily chart. Nonetheless, BTC remains in a consolidation, though in a bullish pattern. As long as prices are above $26.6k, buyers are in charge in the short to medium term. Resistance level to watch out for: $29k Support level to watch out for: $26.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
bitcoin to rally one more time ? many investors and traders have been hit by the bitcoin bubble of euphoria, many analysts have said that bitcoin is already dead but...cryptos have recovered lately which makes us wonder is it a simple correction or the start of a bullrun? from a fundamental point of view and with the arrival of AI, decentralized finance has gained some additionnal force, from a long-term vision there is clearly a bull market which has corrected brutally to stop right on the famous golden ratio, a common characteristic of a second waves or b waves, we can expect a third wave or c wave, the interesting thing to note is that on a daily basis we clearly have a five waves move up which started since the recovery of the cryptos, In case what is unfolding is a c wave, it can be truncated and mesure only 61.8% of the bull phase that unfolded from 2015 to april 2021, which clusters with the fifth wave level that was taken out few months after arround 50-55k. We know an impulse has unfolded on the short terme, the 30k level is next to come, the reaction of prices arround this level will clear up most of the questions in the upcoming weeks.
COINBASE:BTCUSDLong
by IntraFinance
Bitcoin Rejects Bears, Upside Limited at $29kPast Performance of Bitcoin Bitcoin prices are steady at spot rates, and the uptrend remains. After contractions on March 22, the recovery yesterday has been noteworthy. Specifically, BTC is inside a rising channel with caps on the upside at $29k. Meanwhile, the uptrend will be so as long as prices are inside or above the range defined on March 17. Support is at March 22 lows at around $26.6k. Bitcoin Technical Analysis Buyers are in the driving seat, shaping the current price trajectory. Even though there were lower lows on March 22, the failure of bulls to close above $29k suggests weakness. In the current rising channel, anchored by the March 17 bull bar, traders can buy the dips once there are gains above this week's highs. In that case, BTC may easily float to $30k and $32k. Meanwhile, any confirmation of March 22's bear bar below $26.6k may trigger a sell-off back to $25k in a retest. What to Expect From BTC? Traders are upbeat about what lies ahead. Therefore, fundamental factors could fan the next leg up towards $32k, considering concerns about the banking system in the United States. Even so, any crack below $26.6k will question the strength of the uptrend. Resistance level to watch out for: $29k Support level to watch out for: $26.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin Cant Hold The Price Up AnymoreBTC\4H Exited The Parallel channel When FOMC number was annonced we performed a sweep to both sides then we started to dump. After we hit our target 26.6 as mentioned in previous video we formed a Ascending triangle ( another jebait like 30k) and we exited to the upside from it with low volume which could be counted as retracement. With Banking situation and credit tightening that is happening , 25bps will have a big impact and most likely we gonna crash ( Ive talked about this more in vid My Targets are still the same : 25.4 - 23.2 Thank you for watching and all the support - Means A LOT TO ME
BINANCE:BTCUSD.PShort
by pcmonk
#Bitcoin Recoils, BTC Might Drop to $25k in a RetestPast Performance of Bitcoin Bitcoin is trading lower at spot rates, contracting from recent peaks, and slowing after yesterday’s news. Fundamental factors appear to be capping the uptrend, forcing the coin lower, a retracement expected after strong gains. From the daily chart, BTC has support at February highs, and buyers need to break above the current consolidation to reassert their presence. #Bitcoin Technical Analysis The path of least resistance is northwards, reading from the daily chart. However, BTC is down, printing lower lows relative to the upper BB. Since the March 22 bar is bearish with relatively high trading volumes, it could signal the end of the recent swing high. Traders might look to exit their long as the chances of further retracements toward $25k look likely. Conservative traders waiting for gains above this week’s highs must wait for a bullish engulfing bar confirming March 17 and 19 bars to print before loading the dips, targeting $32k. What to Expect from #BTC? Bitcoin looks likely to edge lower today. Still, how today’s close will be will shape the medium term. Any confirming of yesterday’s losses below March 19 lows might fast-track the dump towards February highs in a retest. Resistance level to watch out for: $28.8k Support level to watch out for: $25k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Bitcoin Momentum Strong As BTC Anchors on $25kPast Performance of Bitcoin Bitcoin's march higher continues as of writing. From the daily chart, BTC buyers continue to step up their accumulation, pushing prices higher. BTC may extend their gains, building on recent progress, in continuation of the bullish breakout formation above February highs. The next feasible target stands at $32k. #Bitcoin Technical Analysis Bulls are solid and upbeat per the technical candlestick arrangement in the daily chart. Bars are still along the upper BB, and the short-term trend is defined. Since trading volumes are also expanding, traders can look to ride this rally, buying on dips above $25k or February highs. BTC may continue ripping higher at this pace, breaking strongly above May's key reaction points to $32k as the coin recovers after last year's sharp losses. What to Expect From #BTC? The uptrend is clear, and BTC is trading above crucial resistance lines. Since bulls are in control and the upside momentum defined, the immediate reaction level that traders can watch out for is the $30k psychological point and, later, $32k. Resistance level to watch out for: $32k Support level to watch out for: $25k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Bitcoin is in a bull marketAccording to our free indicator, Fetch Trends, Bitcoin is in a bull market. The weekly candle turned green for the first time in 60 weeks. The last time this happened was in may 2019, kicking off the bull market of 2019-2021. Before that one, Bitcoin turned green in Octobre 2015, which was at the start of the bull market of 2015- end of 2017. The first green candle was also found after 60 weeks. Ofcourse this isn't the only reason why I believe Bitcoin is in a bull market. I've given my other reasons in previous posts.
BITSTAMP:BTCUSDLong
by FetchTeam
#Bitcoin Contracts from $28k but Bulls Remain UpbeatPast Performance of Bitcoin Bitcoin remains in an uptrend, reading from the performance in the daily chart. Even though there was a contraction on March 20, forcing the coin below $28k, buyers are still in control. As it is, BTC will be bullish, provided prices are above $25k and February 2023 high. #Bitcoin Technical Analysis Buyers are confident, and traders anticipate even more gains in the days ahead. For now, the uptrend is defined, and every pullback above the $25k support might offer entries for aggressive traders. If bulls manage to push prices higher, any surge above this week's high may see BTC float to $32k. This preview holds because the Bollinger Bands are still diverging, and bars are along the upper BB, pointing to strong upward momentum. Besides, the March 17 bullish breakout bar defines the short-term momentum from an effort versus result perspective; a net positive for optimistic traders. What to Expect from #BTC? The uptrend is firm, which will remain as long as BTC is above $25k. This support is critical and may anchor the uptrend even if there is a retest from spot rates. Buyers must soak all selling pressure and sustain prices above this reaction line. Resistance level to watch out for: $32k Support level to watch out for: $25k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#BTC can hit $40k by May but not without Corrections!!Welcome to this weekly Bitcoin update everyone. Few Points to observe from this chart:- 1. BTC has broken above the weekly 200MA 2. BTC is approaching the important resistance of $29k. 3. The current area needs to be broken for further continuation. 4. The weekly chart shows a possibility of $40k to be hit by June's first week. 5. A successful correction around the $25k zone is needed and that will be the buy level for those who missed the move. So looking into all these signs it's better to be positioned in BTC if you are here for the long term. I am looking into ALT/BTC Pairs and will start accumulating slowly when BTC Dominance hits the 48% level. TBH, This chart shows there's also a possibility that Dominance can break even above the 48% level after a few rejection candles (That is the time when Alts will breathe). So we will be cautious in that case. I will give you a heads-up if that scenario seems likely. For those who are leveraging now, it is better to book profits and wait for corrections. I've closed all my positions except BTC where my entry is around $16400. PLEASE OBSERVE THE CHART FOR MORE INFORMATION. Conclusion:- BTC has never been this bullish in the last 18 months. Expect short-term pullbacks around the $25k-$26k area when it hits the $30k zone. DYOR, This is not a financial advice If you like this chart, do hit the like button and share your views in the comment section. Thank you #PEACE
BITSTAMP:BTCUSD
by Cryptorphic
6
#Bitcoin Explodes, Rallies 25% as BTC Bulls Target $32kPast Performance of Bitcoin Bitcoin is firm at spot rates, up 25% week-to-date, and trading at highs above August 2022 highs. With the trend defined and bulls determined, traders can continue looking for entries to double down, targeting $30k and $32k in the coming days. #Bitcoin Technical Analysis The path of least resistance is northwards, and bulls are firmly in control. With BTC bulls shaking off bear attempts, forcing prices to new Q1 2023 highs above $28k, it's evident that the coin is bottoming up. Moreover, Bitcoin bars are banding along the upper BB, suggesting increasing buy momentum. At spot rates, not only is the pump with rising volumes, but bulls are beginning to reverse the losses of 2022. The bullish breakout formation holds steady, and for every low above $25k, the February 2023 and August 2022 high remains a loading opportunity. The immediate target is May 2022 high of around $32k. What to Expect from #BTC? Traders are upbeat and expect more trend continuation in the days ahead. Since the foundation is set and volumes are high, the trend is clear. Moreover, BTC is within a bullish breakout formation, shaking off bears. As such, the coin could tear higher towards $32k. Resistance level to watch out for: $32k Support level to watch out for: $25k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer