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Bitcoinanalysis

#Bitcoin Rejects Bears, BTC Preparing for $30k?Past Performance of Bitcoin The second half of the week for Bitcoin has been hot and cold. From the daily chart, the coin is within a bullish formation as the sparks of January 18 pushed the coin higher, reigniting demand. At spot rates, BTC is higher, within a bullish formation, and likely to spring towards registering new Q1 2023 highs. #Bitcoin Technical Analysis Bitcoin bulls are confident, reading from the formation in the daily chart. The coin remains within a bullish breakout formation, surging double digits. Every low above $20.5k, based on the candlestick arrangement in the daily chart, offers an opportunity to double down. Specifically, conservative traders can always wait for a breakout above $21.5k, or November 2022 highs, before loading the dip, expecting further gains towards $25k. This position will be especially valid should the surge be with rising trading volumes, mirroring those of last week. What to Expect from #BTC? Buyers are solid, and the uptrend in position. Still, a resurgence pushing BTC above November highs and unwinding FTX-triggered losses may form the foundation for a swing higher towards $23k and later $30k in a welcomed rally. Resistance level to watch out for: $21.5k Support level to watch out for: $20.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
3
Bitcoin – you don’t believe in this scenario!Hello, everyone! Last time I told you that the bear market on Bitcoin has been finished, but I am not so positive and don’t buy the significant amount of crypto. Today I found that probably I hurried up making this conclusion. I believe that this pump is not over, but market is preparing the huge trap for “tothemooners”. Let’s take a look at the 1D time frame of the WHITEBIT:BTCUSDT chart. I finally reconsidered my Elliott wave formation. Global 4 still has not been finished. It is represented as a complex correction – almost untradable one, but one thing we shold take into account that the price will finally break down $15600 . This scenario now is in my favour. Now the BTC is finishing wave C of this so called complex correction. What actions on the market I am going to take? I found that the price reached the 1.61 Fibonacci extension, which is the natural target for the wave 3. Now I am waiting for the local correction to 0.38-0.5 Fibonacci retracement at $19500 to open long trades with the target at the huge order block at $22400 . Also at $22400 I am going to double my losing short trade with the at least potential pullback from there. Therefore, at $22400 I plan to have 12% of deposit in short trade to catch the final bearish impulse. Sorry, guys, that I have changed my mind again. I was so confused with this pump that cannot carefully analyze the price action. Now I have the plan how to eliminate the loss and receive the profit. Let’s see! Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
by Skyrexio
33
#Bitcoin is Bullish, but BTC Closing Above $21.5k is CriticalPast Performance of Bitcoin Bitcoin prices are flat-lining and lower at spot rates. After welcomed gains early last week, there could be signals of fizzling upsides. Still, the uptrend remains, and the inevitable correction may offer traders an opportunity to accumulate in lower time frames. The buy trigger is around $21.5k, while support is around $20k, marking January 14 lows. #Bitcoin Technical Analysis BTC prices remain inside a $1.1k trade zone with caps at $21.6k on the upper end and $20.5k support. Even though buyers are in control, there must be a substantial push above this week's high with rising trading volumes. Any breakout placing BTC above $22k will confirm buyers of January 14, fanning the buying pressure. Being cautious, support is at $20k. As long as prices are above this line, aggressive traders may search for entries to double down in lower time frames. What to Expect from #BTC? Traders are optimistic and expect more gains in the days ahead. Note that there are lower lows versus the upper BB as momentum taper. A sharp breakout above $21.5k may trigger demand, lifting the coin solidly above November highs. Resistance level to watch out for: $21.5k Support level to watch out for: $20k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Bitcoin Slowing, May Pierce $21.5k in a Buy Trend ContinuationPast Performance of Bitcoin Bitcoin is pumping, evident in the daily chart. As of writing, BTC is up double digits in the last trading week, and the coin is firm above $20. At this pace, the coin may not only close above $21.5k, the immediate resistance line, but edge past $23k, confirming the bulls of mid-last week. Per the current candlestick formation, every low above $20k may offer entries for bulls. #Bitcoin Technical Analysis The path of least resistance is northwards. Because BTC buyers are confident and the current momentum solid, there could be more opportunities to buy the dips at spot rates. Note that the immediate support is at $20k. Since BTC bars band along the upper BB and inches from breaking above $21.5k, aggressive traders can search for entries to double down. This preview will be null should BTC fall below $20k, marking Jan. 14 lows. What to Expect from #BTC? There could be more gains in the next few weeks. Although a contraction is inevitable, the immediate critical support lines lie at $18.5k and $20k, respectively. Provided prices are above these accumulation zones, traders may ramp up, targeting $23k, or better in the near term. Resistance level to watch out for: $21.5k Support level to watch out for: $20k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Raising the funding rate of futures transactionsIn the last 24 hours, attempts were made to activate sell trade loss limits. According to the previous explanations, the price of Bitcoin has taken on a range trend in these ranges due to the sensitivity of the current situation. The resistance range drawn at $21,210-$21,100 has not been definitively broken yet, and the breaks you see have all been fakes. We can consider a range channel for the current price in the 4-hour timeframe. Inside this channel, there is an ascending channel in the lower times, and the momentum of Bitcoin still shows an upward movement. Therefore, breaking the resistance of the $21,883 range can activate higher targets for buyers. Note that due to the increase in the funding rate of futures transactions, there is a high possibility of heavy fluctuations to activate buying and selling transactions in the futures market. Bitcoin keeps surging higher, reaching its highest level since September 2022
by MonoCoinSignal
20
$BTCUSD Bitcoin $21k --> $9.5k --> $69k --> $111k --> $318k BTC Price Live Data The live Bitcoin price today is $21,121.37 USD with a 24-hour trading volume of $22,306,086,579 USD. We update our BTC to USD price in real-time. Bitcoin is up 1.28% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $406,898,443,180 USD. It has a circulating supply of 19,264,775 BTC coins and a max. supply of 21,000,000 BTC coins. What Is Bitcoin (BTC)? Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009. Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.” Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use. Who Are the Founders of Bitcoin? Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2021, the true identity of the person — or organization — that is behind the alias remains unknown. On October 31, 2008, Nakamoto published Bitcoin’s whitepaper, which described in detail how a peer-to-peer, online currency could be implemented. They proposed to use a decentralized ledger of transactions packaged in batches (called “blocks”) and secured by cryptographic algorithms — the whole system would later be dubbed “blockchain.” Just two months later, on January 3, 2009, Nakamoto mined the first block on the Bitcoin network, known as the genesis block, thus launching the world’s first cryptocurrency. Bitcoin price was $0 when first introduced, and most Bitcoins were obtained via mining, which only required moderately powerful devices (e.g. PCs) and mining software. The first known Bitcoin commercial transaction occurred on May 22, 2010, when programmer Laszlo Hanyecz traded 10,000 Bitcoins for two pizzas. At Bitcoin price today in mid-September 2021, those pizzas would be worth an astonishing $478 million. This event is now known as “Bitcoin Pizza Day.” In July 2010, Bitcoin first started trading, with the Bitcoin price ranging from $0.0008 to $0.08 at that time. However, while Nakamoto was the original inventor of Bitcoin, as well as the author of its very first implementation, he handed the network alert key and control of the code repository to Gavin Andresen, who later became lead developer at the Bitcoin Foundation. Over the years a large number of people have contributed to improving the cryptocurrency’s software by patching vulnerabilities and adding new features. Bitcoin’s source code repository on GitHub lists more than 750 contributors, with some of the key ones being Wladimir J. van der Laan, Marco Falke, Pieter Wuille, Gavin Andresen, Jonas Schnelli and others. What Makes Bitcoin Unique? Bitcoin’s most unique advantage comes from the fact that it was the very first cryptocurrency to appear on the market. It has managed to create a global community and give birth to an entirely new industry of millions of enthusiasts who create, invest in, trade and use Bitcoin and other cryptocurrencies in their everyday lives. The emergence of the first cryptocurrency has created a conceptual and technological basis that subsequently inspired the development of thousands of competing projects. The entire cryptocurrency market — now worth more than $2 trillion — is based on the idea realized by Bitcoin: money that can be sent and received by anyone, anywhere in the world without reliance on trusted intermediaries, such as banks and financial services companies. Thanks to its pioneering nature, BTC remains at the top of this energetic market after over a decade of existence. Even after Bitcoin has lost its undisputed dominance, it remains the largest cryptocurrency, with a market capitalization that surpassed the $1 trillion mark in 2021, after Bitcoin price hit an all-time high of $64,863.10 on April 14, 2021. This is owing in large part to growing institutional interest in Bitcoin, and the ubiquitousness of platforms that provide use-cases for BTC: wallets, exchanges, payment services, online games and more.
COINBASE:BTCUSDShort
by BADQOMOCAWGOWLD
#Bitcoin Surges 13% in 1 Week, Traders Expect More above $21.5kPast Performance of Bitcoin The leg up, anchored on December 2022 highs, has been impressive. To quantify, BTC is up 13 percent from $18.5k and could chart even higher in the days ahead. There is a technical formation supporting this preview, a net positive for optimistic traders expecting more gains in the days ahead. For now, every low above $20k presents an opportunity for traders to ramp up their dips, targeting $23k or better. #Bitcoin Technical Analysis Bitcoin is solid and at around November 2022 highs. Notably, the expansion has been with rising trading volumes, an indicator of strength. Based on the past two days' performance, the failure of BTC to edge higher, with the momentum of mid-last week, may suggest fizzling momentum. The Jan. 15 bar closed as a bear bar, and there appeared to be profit-taking in lower time frames, forcing the coin lower. Presently, confirmation of last week's gains, pushing BTC above $21.5k, may see the coin take off towards $23k, an opportunity for buyers. What to Expect from #BTC? Buyers are upbeat, and the uptrend is defined. As Bitcoin aims to recover, bottoming up from spot levels, traders can search to accumulate on dips. This preview is valid provided BTC is above $20k and the dip with reducing volumes. Resistance level to watch out for: $21.5k Support level to watch out for: $20k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Bitcoin bull rally will continue!Hello, traders! Bitcoin is showing us the strength, therefore I suppose the significant correction as I mentioned in my previous article will be later. Today I will show you the potential local trade to catch the potential trend continuation. We will use the 1h time frame of the BTCUSDT chart. Here we can see the local consolidation, which has the higher highs and higher lows. Moreover BTC has created the upper liquidity trendline. It would be too easy if the market will continue pumping without any trick. I suppose that the deviation could be this trap for both sides on the market – bulls and bears. On the trendline breakout market can create the fake out, we can see the hint on the RSI indicator which has the potential bearish divergence. I expect the pump to $21700 and the long squeeze after that. The potential short here is not a good idea becuase we have super strong bull market. The potential local correction could be ended at the Fibonacci golden pocket at $19900 . Here I am planning to open long with the stop loss below the local impulse beginning. Only this trade has the appropriate risk to reward. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
by Skyrexio
8
Bitcoin Could Get A Hard Time Going Up From HereWe've been bullish since 16k. Now that we're up 4 thousand dollars, which is 30% higher, its time to look at some points of ressistance. At this moment, Bitcoin is already at the top of a resistance zone. I think the market is waiting for tomorrow, since the SPX is also looking at a breakout/resistance. If the SPX can break its resistance, Bitcoin will follow. If it does not, Bitcoin has probably reached its temporary top. In the bullish scenario, the next stops are 22750, and 25500 usd.
COINBASE:BTCUSD
by FetchTeam
3
#Bitcoin roars 22% in 1 Week as Bulls Set Sight on $23kPast Performance of Bitcoin It is a new dispensation for Bitcoin. After an impressive performance last week, lifting the coin 22 percent, and above critical resistance levels, the path of least resistance looks up. The coin is above $18.5k, as visible in the daily chart, and $20.5k. At this pace, traders can look to double down on dips above $20.5k, aiming for November 2022 highs. #Bitcoin Technical Analysis Bitcoin prices are looking up, and the coin is ripping higher, judging from the performance in the daily chart. With BTC above $20.5k and the psychological resistance, now support, at $20k, every low looks like a loading opportunity. Notice that the upper BB diverges from the 20-day moving average, indicating increasing volatility. Besides, the bars are along the upper BB with underlying momentum expanding, indicating strength. This combination supports buyers. Based on the daily chart, there could be loading opportunities above Jan. 14 lows at $20k. Immediate targets lie at $21.5k and $23k, respectively. What to Expect from #BTC? Buyers are firmly in control, and the coin is bottoming up. With BTC bulls upbeat, ripping above $18.5k and $20k, there could be more in the short term, reading from the performance in the daily chart. Resistance level to watch out for: $21.5k Support level to watch out for: $20k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
BTC SHORT IDEAS UPDATES As I Predict, Price can make Upper thrust after Distribution,, Our entries are below on Auto Reaction zone, that makes Last supply pattern, The drop baSe drop pattern.If the price still ranging, we dont trade. wait for price goes back to AR zone, If AR zone broken thats how you wait and make a entries. CHeck me out on my daily analysis. Trade base on your own decission. Thank you and Lets grow. learn form others also, dont be a follower be a student thats my mentor always told me. Always learn form others.
BITSTAMP:BTCUSDShort
by D1GITALTRADES
BTC - More upside before breaking down!Dear Traders and Investors, as all you know Crypto Queens Here. First of all we hope you have a good and profitable week, and that you are resting well this weekend because we are anticipating some intense moves this upcoming week. Without further ado, let's get to it. A fast Short-term update regarding our latest report on 1D - BTCUSDT Post. Everything is going based on plan. BTC tested 17.000$ level, and at the time of writing it is still consolidating above 16.900$, which is a good indicator. A rising Wedge has been formed which as we all know, it's often considered a bearish chart pattern that pinpoints imminent breakout to the downside. Having as an example, the previous one which reacted quickly and broke structure to the downside. Nonetheless, nobody knows, when where that reversal will occur. Therefore, as long as we stay inside the pattern and as the price gradually, moves higher, we are aiming to test the FVG (Fair Value Gap) Area at 17300$. At this point, there are 2 scenarios in play: SCENARIO 1: Close FVG at 17300$ and effective immediately reject, at the point mentioned in the chart (Support), at 16800$. SCENARIO 2: Close FVG at 17300$, consolidate between 17300$ - 17100$ and test the lowest point of the Daily Bearish OB at 17700$, which ultimately will be rejected and lead us all the way to our Daily Bullish Orderblock (Support Area), at 16800$. SCENARIO 3: Check the "link to related idea" . You will find a Long Term view indicated on previous Post on 1D regarding 1st Quarter. IMPORTANT: This is strictly a Technical Analysis and Fundamentals CAN affect our Analysis! Keep in mind though, when everyone seems optimistic, be pessimistic, and visa versa. Not a Financial Advise! Trade with Caution! Best Regards, CryptoQueens.
Long
by Crypto_Queens_Official
14