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Bitcoinanalysis

#Bitcoin Ranging with Shrinking Volumes, Primary Support at $25kPast Performance of Bitcoin Bitcoin continues to trade under a tight trade range and above clear support and resistance levels, as evident in the daily chart. Even though there is a tinge of optimism with traders expecting the coin's fortunes to turn around, the reaction at FWB:25K and $27.3k could shape the near-term formation of the coin. The coin's volatility is muted for now, and prices are within the June 6 bull bar. #Bitcoin Technical Analysis In the short term, the June 6 bar is critical for the immediate trajectory of Bitcoin. On the upper end, the June 6 high is $27.3k, while support is $25.3k. This $2k range has confined the trader range of the past seven trading bars—all of which are with light volumes. Accordingly, from an effort-versus-result perspective, bulls have the upper hand. However, this preview will be null if BTC crashes below FWB:25K with rising volumes similar to or better than June 6. Therefore, the current trend remains neutral unless there is a wide-ranging bar from the current level towards $27.3k or breaking vigorously toward $22.5k. What to Expect from #BTC? Traders are optimistic, but prices are within a tight trade range. Conservative traders can wait for breakouts above or below present reaction levels for trend definition. Before then, buyers are in charge from a top-down preview despite recent days of lower lows. Resistance level to watch: $27.3k Support level to watch: FWB:25K Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Bitcoin Volatility Low, BTC Finds Psychological Support at $25kPast Performance of Bitcoin On the back of shrinking liquidity and low participation, BTC prices are steady when writing but within a bearish formation. Though prices are above FWB:25K , the critical support line of the current bull flag, the failure of prices to pump higher above $26.5k and $27.3k is a concern. Based on this formation, traders should wait on the sidelines until a clear trend emerges from the current consolidation. Any uptick above recent highs may spark demand, lifting the coin to new levels. Conversely, a break below support may heap more pressure on BTC. #Bitcoin Technical Analysis Overall, sellers have the upper hand in the short term. It is despite the rejection of lower lows over the weekend. For the uptrend to remain, traders must push prices above $26.5k and $27.3k in the near term. If this is at the back of increasing volumes, buyers of June 6 will be validated, possibly driving demand. On a more cautious outlook, any contraction below $25.3k and, ideally, FWB:25K , may see BTC drop to $22.5k in a bear trend continuation formation from mid-April. With these formations likely, conservative traders can wait for a clear trajectory to emerge before engaging. What to Expect from #BTC? The existing sentiment is bearish for Bitcoin and could dampen participation in the days ahead. This can, in turn, shape how the immediate trend will be. Overall, the top-down preview supports bulls though there must be a convincing breakout above $27.3k for this to take shape. Resistance level to watch: $27.3k Support level to watch: $25.3k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin held very well. Reversal could be nextBitcoin held its ground very well through Binance and Coinbase problems. As we know, more often than not, when bad news is not affecting an asset and don't lead to a technical break, the asset is reversing to the upside and this also could be the case for BTC. From a strictly technical perspective, 25k is strong confluence support, given by the trend line started at the beginning of the year and the horizontal level. Also, the recent drop from 30k is corrective and a falling wedge. Thant being said, BTC back above 27k would confirm the bullish outlook and could lead to a retest of the recent high or even a new one around 35k
BITSTAMP:BTCUSDLong
by Mihai_Iacob
37
#Bitcoin Soaks Selling Pressure; Will BTC Lose $25k?Past Performance of Bitcoin Bitcoin losses have been contained despite the contraction in the second half of last week. Prices are around the $25.8k, and the uptrend remains, at least from a top-down preview. Overall, traders should watch how prices react at immediate support lines and the resistance trend line of the emerging bull flag. Notice that the uptrend defined by gains from March to April 2023 holds despite the rejection of higher highs from mid-April 2023. #Bitcoin Technical Analysis The drop in BTC prices from June 7 to 10 has been noticeable but within the June 6 bull bar. Trading volumes were also low supporting buyers of June 6 from an effort-versus-result perspective. In the days ahead, traders should watch how prices react at $25.3k, or June 6 lows, and $27.3k, the immediate resistance level, and June 5 highs. For buyers to take over, there must be a convincing close above $27.5k and, ideally, $28.3k with expanding volumes. Conversely, sharp losses below FWB:25K will invalidate this outlook, and further losses will be a bullish breakout confirming losses of June 5. In that eventuality, BTC may drop to $22.5k and $20k in a retest of March 2023 lows. What to Expect from #BTC? Buyers are confident, but BTC remains in a tight position, looking at the candlestick arrangement in the daily chart. For the uptrend to be valid, there must be a close above key resistance levels, especially $28.3k. If not, there could be more losses on the horizon. Resistance level to watch: $27.3k Support level to watch: $25.3k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin Road Map (Daily Time Frame)🗺️!!!Hi everyone👋( Reading time less than 2 minutes ⏰). First, I must say that Bitcoin reacts well to 🍴 Pitchfork lines 🍴, so one of our criteria for support and resistance lines for Bitcoin can be Pitchfork lines in the daily time frame⏰. In theory, Bitcoin Elliott Waves completed its five impulse waves at a 🔴 heavy resistance zone($ 31,750-$ 28,140) 🔴. 📚 Teaching Tip 📚: Mostly, heavy support and resistance areas are not broken with a single attack. Bitcoin has been moving in a descending channel for about 2 months. The structure of the waves in this descending channel is Double Three Correction(WXY) . Bitcoin is currently completing microwave B of the main wave Y. I expect this wave to finish above the descending channel and in the 🟡 Time Reversal Zone(TRZ) 🟡. The end of the Double Three Correction structure can end in the 🟢 support zone($ 25,280-$ 24,410) 🟢. Bitcoin Analyze ( BTCUSDT ), Daily 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.
by pejman_zwin
14
Bitcoin will go UP by Falling Wedge&Symmetrical Triangle(15-Min)Bitcoin seems to be moving in a Symmetrical Triangle during the last 3 days, and also, the Falling Wedge pattern can be seen on the chart. I expect that if Bitcoin does not make the sixth contact with the symmetrical triangle, Bitcoin will easily break the upper line of the symmetrical triangle and move towards the 🔴 resistance zone($ 27,360-$ 27,270) 🔴. 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
24
#Bitcoin Accumulates, BTC Finds Strength above $26kPast Performance of Bitcoin Bitcoin remains stagnant at spot rates, technically bullish, but traders need confirmation above $28.3k before ramping up. The critical resistance level is $ 28.3k to $28.5k zone. On the lower end, the zone between $25.8k and $26.5k offers support. For the uptrend to resume, there must be a high-volume, wide-ranging confirmation of the June 6 bull bar. In that case, BTC could float higher to $30k and even FWB:31K in a retest of April 2023 highs. Conversely, a drop with the same rapidity could quickly push BTC to $20k. #Bitcoin Technical Analysis The daily chart shows buyers are confident, and prices are stuck inside a bull flag. However, the failure of higher highs means buyers are not confident, or the underlying momentum is fading. For this reason, risk-averse traders can wait on the sidelines until a precise signal forms. That will be a comprehensive, wide-ranging, high-volume close above $28.3k. The bar will align with buyers from mid-March and confirm strength from May 28 and June 28. If bears press on, how prices react at June 5 lows will shape the short to medium-term formations. What to Expect from #BTC? Traders are overly bullish, but how fast prices will tear higher depend on the underlying momentum. Prices are within a bullish formation, with caps at $28.3k and $30k on the upper hand. A break above this zone could propel BTC to new weekly highs in a significant boost for optimistic buyers. Resistance level to watch: $28.3k Support level to watch: $25.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin will go UP by Falling Wedge & Ascending Triangle(15-Min)Bitcoin managed to form Falling Wedge and Ascending Triangle patterns . Currently, Bitcoin managed to break the upper line of the Ascending Triangle. I expect Bitcoin to go up to the 🔴 resistance zone($ 27,360-$ 27,270) 🔴 after breaking 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
11
Bitcoin will go UP by Expanding Flat(15-Min)🚀Bitcoin made its correction to the 🟢 heavy support zone($ 26,400-$ 25,800) 🟢 with the Zigzag structure(ABC/5-3-5) . I expect the next corrective structure to be an Expanding Flat(ABC/3-3-5) and bring Bitcoin closer to the 🔴 resistance zone($ 27,360-$ 27,270) 🔴. 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
21
#Bitcoin Bulls Fail to Follow-Through, BTC Bearish Below $28.3kPast Performance of Bitcoin Bitcoin prices are lower, retracing from June 7 highs, and are below $27k. At this level, bulls still have a chance as prices trend above $25.8k and volatility remains. However, for trend confirmation, there must be a close above $28.3k, the immediate resistance, and the buy trigger line. The only formation that will cancel this preview is a strong sell-off forcing BTC to dump below $25.8k, confirming sellers of June 5. #Bitcoin Technical Analysis BTC remains in a broader consolidation that skews to favor sellers in the short term. Still, the encouraging reversals of June 5 losses reinvigorate demand, placing BTC bulls at a vantage position. Even so, conservative traders can wait for a conclusive close above $28.3k in confirmation of June 6 gains before loading on dips targeting $30k or better. On the cautious outlook, any unexpected dump that places BTC below $25.8k, confirming June 5 losses, would cancel this bullish outlook, fueling sellers angling for $22.5k in the medium term. What to Expect from #BTC? The expansion of BTC prices on June 6 was a net positive for optimistic buyers. Fundamental events, especially in the United States, might spark demand supporting Bitcoin. Nonetheless, the failure of buyers to follow through and pump BTC above $28.3k, confirming June 6 gains, is a concern. 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 Unexpectedly Peels Back Losses, BTC Back To $30k?Past Performance of Bitcoin Bitcoin's recovery has been spectacular. Prices are higher and have reversed the losses of June 5. The coin is trading above the $26.3k to $26.5k zone, bouncing from the primary support level of around $25.8k. On June 5, following fundamental events, BTC dropped to as low as $25.9k. However, with prices back to the trading range, traders should watch whether there will be confirmation today. Gains above $28.3k will nullify the bearish outlook of Monday, setting the base for another leg up toward $31k. #Bitcoin Technical Analysis The SEC crackdown is turning out to be a bullish event for BTC and other top crypto assets. From late June 6, prices have been pumping higher. This has seen bulls reverse losses of June 5. Still, whether this will continue largely depends on today's confirmation. Any close above $28.3k, the immediate buy trigger line, could draw more demand, forcing BTC towards $30k and later $31k. Notice that BTC remains bullish, with the current price action defined by gains from mid-March to April. This outlook will only change should there be a high volume dump below $25.8k; a development that wasn't confirmed on June 6. What to Expect from #BTC? BTC is back in the initial bullish range. Prices remain volatile, but buyers appear to be back. Still, how fast the coin will edge higher depends on if there is a comprehensive close above $28.3k. This will confirm gains of May 28 and may rejuvenate demand, pushing BTC towards $30k and better. Resistance level to watch: $28.3k Support Level to watch: $26.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
BITCOIN Next Days/Weeks Happy Thursday Traders & Investors Let's look at a couple of likely scenarios for Bitcoin and the key levels to keep an eye on: Option A: Bitcoin lays right on the riffled support line of the current downtrend, and could bounce to test the area around 28.500$ where the downtrend resistance lays in confluence with some major Fib. Levels of different retracements from the highs and lows of the overall uptrend. A brake above that key resistance area would likely take #BTC to retest the uptrend support and bring new highs in the range between 34-35.000$ On the other hand, a rejection in the 28.5k area would take #Bitcoin back down to a crytical level where Bulls will want to see Bitcoin forming a higher low on the overall uptrend, ideally above the dotted trendline which is also supported by some important Fib. levels and the riffled support line of the current downtrend at around 25.000$ Option B: If the bears take control and brake below the current riffled downtrend support line, we could see Bitcoin dropping straight down to about 23.800$ and the previously mentioned uptrend support in confluence with crytical Fib. Levels where Bitcoin will need to find a bounce in order to avoid a drop all the way down to the range of 22-21.500$ I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! Happy Trading ✌🧡📈
INDEX:BTCUSD
by BitcoinEasyIO
#Bitcoin Crashes Below Critical Support, Path Back to $22.5k?Past Performance of Bitcoin Bitcoin crashed on June 5 following news that the SEC is suing Binance, the world's largest crypto exchange. The dump was evidenced across the board, with BTC dragging the altcoins. The coin is below the $25.8k and FWB:31K trade range at spot rates in a bear breakout formation. The uptick in trading volumes gives credence to bears of mid-April who have their sight on $22.5k and lower. #Bitcoin Technical Analysis BTC is within a bear formation, crashing below the primary sell trigger at $25.8k, marking May lows. As it is, every attempt higher but below $25.8k may offer entries for sellers angling for $22.5k in the short term. This preview is supported by the June 5 anchor bar that is wide-ranging and with expanding trading volumes. The dump confirms sellers of April 19 and breaks below the primary support level of the bull flag, marking the presence of determined bears. What to Expect From #BTC? The immediate trend is bearish unless there is an unexpected expansion above $28.3k in the short term. Accordingly, traders could build on yesterday's losses, pressing lower toward the psychological $20k line. Resistance level to watch: $25.8k Support level to watch: $22.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
#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