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Bitcoinpriceanalysis

We'll See What Happens Next! [Short-Term Forecast]In this video we discuss the Bitcoin forecast as we finish out the rest of the year (Crypto Spring). We are keeping an eye on the triangular area between the Maximum Halving High Pressure Zone and the Future Halving Price Line and the potential that bitcoin could meet significant downwards pressure in this area. Also, we're looking at the 365 Day Moving Average, as it continues to trend below the Future Halving Curve (The Jet Stream). Historically, If we finish out Crypto Spring with the 365 Day MA below the Jet Stream, the Bitcoin price would trade mostly below the Jet Stream up until the halving date. What are your thoughts? Thanks for watching!
INDEX:BTCUSD
0
by TheCryptoWeatherChannel
#Bitcoin Bounce But Bearish, BTC Price Resistance at $26kPast Performance of Bitcoin Bitcoin recovered on June 15, but bears remain in control. The June 14 bar is critical in shaping the short-term trend. Since the candlestick is bearish engulfing and broke below the June 6 lows, the bear breakout formation set in motion by the June 5 bar remains. Technically, traders can look for entries to short on every attempt higher below the $25.5k and $26k zone, targeting $22.5k or lower. #Bitcoin Technical Analysis The present trend is bearish, and the June 14 bar defines the short-term. It is a bearish engulfing bar that forced the coin to new H2 2023 lows. However, while the bounce on June 15 may trigger demand, bears are in control, provided prices are within the June 14 bar from an effort-versus-result perspective. Since the recovery is also with lighter volumes, there is a high chance that the bounce may stall. Still, a breakout above $26k, reversing June 14 losses, may question the downtrend, possibly invalidating the preview, especially if bulls build on the formation over the weekend. As it is, the immediate trend in a possible bear trend continuation formation mirroring June 5 bar is $22.5k and later $20k What to Expect from #BTC? Technically, the uptrend remains from a top-down preview as long as gains from March to April haven't been reversed. BTC may recover above $28.3k, but before then, the immediate resistance is June 14 highs at $26k. Contractions today may draw more sellers targeting $24.5k, $22.5k, and $20k in the sessions to come. Resistance level to watch: $26k Support level to watch: $24.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Bitcoin Upside Stalls, BTC Bulls Hopeful of Gains to $31kPast Performance of Bitcoin Bitcoin remains within a bullish formation, visible from the daily chart. Even though the upside is capped and there has been no confirmation of the May 28 bull bar, the path of least resistance is upwards, at least reading from the current candlestick arrangement. Immediate support is between FWB:27K and $27.5k, and the middle BB on the lower end. Any surge above $28.3k and yesterday's highs may ignite further gains. #Bitcoin Technical Analysis Buyers are hopeful, and there could be a broad recovery should BTC print higher today. For now, bulls remain in charge since the price action of the past day didn't reverse the gains of May 28. The anchor bull bar had high trading volumes and is wide-ranging, breaking above the $27.5k upper limit of the recent consolidation. Therefore, from an effort versus result perspective, traders should look for entries on every attempt above FWB:27K and May 28 lows. On the flip side, conservative traders can wait for a solid close above $28.3k with expanding volumes to add to their longs while targeting $30k and FWB:31K , respectively. What to Expect From #BTC? Overall, BTC appears to be recovering. However, there needs to be a strong close above $28.3k, reversing May 29 losses for the upside momentum to continue. As it is, Bitcoin remains in a bullish breakout formation above the middle BB, previous resistance, supporting bulls. 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 Floats Higher, Selling Momentum WaningPast Performance of Bitcoin Bitcoin is higher today, shaking off the weakness of the past few days, but is capped below immediate resistance lines at $28.3k and $30k. Even though the downtrend remains and prices are within a range defined by sellers early this month, selling momentum is waning. For now, how prices react at $28.3k and $25.8k on the lower end will shape the immediate-term trend. #Bitcoin Technical Analysis The path of least resistance, at least in the short term, remains southwards. This preview is despite the rejection of lower prices on May 17. What's noticeable about yesterday's gains is that trading volumes were decent. With prices higher, traders may wait for clearer signals before loading and trading in the direction of the emerging trend. Since sellers are technically in control, any dip below $25.8k may see BTC post more losses towards FWB:25K or worse. Conversely, any expansion above this week's high and $28.3k may nullify this outlook, allowing BTC to expand towards April highs at $31k. What to Expect? Traders are closely watching out for what the immediate trend will turn out to be. In all, the uptrend from a top-down preview remains. Even so, the drop below FWB:27K last week questions the strength of buyers. Still, a recovery lifting the coin above recent resistance levels may drive the coin higher. 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 accurate bottom and top zones BINANCE:BTCUSDT This is my market mood indicator. Accurate determine the bottoms and top of cycles. Based on this analysis on BLX chart and Monthly timeframe we can find something interesting - Marked Monthly green zones. - We never seen white color disbeliefe zones. - Previews 3 times when we saw BLUE color it was a bottom (I was impressed how accurate it play out!!!) - Now it looks like 2018-2019 period (green box-blue-green) - So now no euphoria on market. Need to see yellow, orange and top will be again at extreme red - Hard to say about timing but most likely we will test trendLine at 35-36 (maybe with fake out to 41) - Then we will see yellow and orange color on indicator and drop to covid trendLines again 21-19 and continue move forward till 2025 March to extreme RED zones and end of cycle. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
BNC:BLXLong
by Crypto4light
Bitcoin Bullas wants to push it higher on Monthly Close!BTC/1H `at the bottom of rising broadening wedge Forming another pennant ` After Pumping into 23.9 yesterday btc gets rejected at a local support and starts to bleed and touches the bottom of the rising broadening wedge The Rejection was heavier than the pump and price endedup consolidating near the bottom of the wedge indicating we might exit it again Also today is **Monthly Close** if btc loses 23K and close below, depending on the momentum of the move we could consider it very bearish Some liquidity Cluster to be taken at 24.6 which can cause bitcoin to legup again if it breaks above 24.7 Please Boost,Follow,Comment if you find it informative Thanks for watching
BINANCE:BTCUSD.PShort
by pcmonk
#Bitcoin Losing Steam, Anchored at Q3 2022 Support at $18.5kPast Performance of Bitcoin Bitcoin remains in a range, and price action is still dull at spot rates. As it is, BTC has support between $18.5k and $19k and is technically bearish, reading from the candlestick in the daily chart. Days after the October 13 bull bar with relatively high trading volumes, Bitcoin is back inside the bull bar and broadly inside a bear breakout formation. #Bitcoin Technical Analysis Presently, BTC bulls have a chance. From the daily chart, prices are in range inside the October 13 bull bar, a net positive for buyers. The sharp reversal of prices from below Q3 lows with increasing trading volumes may point to the early stages of recovery and the end of the 11-month bear run. This preview, nonetheless, is valid if prices are above $18.5k and, preferably, $20.5k in the short term, breaking away from the current consolidation. If not, losses below last week's lows at $18.2k may see Bitcoin disintegrate, falling to register new 2022 lows. What to Expect from #BTC? BTC is within a bear formation, and traders are overly apprehensive. Unless clear breakouts signal the end of the bear run or the continuation of Q3 2022 bears, trades can stay on the sidelines. Gains (losses) above $20.5k ($18k) would mean the sideways movement of the better part of Q3 2022 was accumulation (distribution). Resistance level to watch out for: $20.5k Support level to watch out for: $18.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
Russia Fears Can Create Buying OpportunityI would say the double top at 45k is extremely bearish. BTC will attempt to make a higher low around the 42k "Bart" pattern but I think it will tank right through due to some geopolitical fear. All markets are impacted by the threat of war but that's just it: a threat. The threat will continue to drive prices down until the 30-35k floor is once again tested. BTC holds this level? Super bullish. BTC breaks this level? Retest of 19k range is the next major support.
COINBASE:BTCUSDShort
by nathanielandrep
3
Bitcoin - what is its cost production value, really?!I want to touch on the topic of bitcoin's cost production value. This is a rather important matter as it gives a better understanding of its price's cost bottom. Many miners talk about 15-20 thousand USD as its cost production value. They are right! When it comes to individual mining, then this is most likely to be the case. However, based on the above evaluation, many home miners and investors believe that the price of bitcoin cannot go any lower. This is not the case! The break-even point depends primarily on 2 factors: the efficiency of the equipment and the price of electricity or hosting. Globally, individual mining does not in any way affect the price action or its cost bottom. Why is that? This is because there is an industrial scale of mining by companies such as: Poolin & Bitmain from China, Crypto Scientific from US or BitBaza, BitRiver, CryptoUniverse from Russia, etc. where infrastructure investments range from 10 to 150 million USD. Bitcoin's cost for the mining giants is around 3,000-5,000 USD for the following reasons: 1. Equipment purchases are made in bulk directly from the manufacturers. Some companies, for example, like Bitmain produce their own ASICs. 2. The average efficiency of the equipment is around 40-45 J/TH. More advanced mining farms have even better equipment working at 60 J/TH. 3. Currently electricity's price for industrial use in the US is about 6-7 cents per kWh. Poolin,  for example, offered 4 cents on its electricity contract in Texas. The price for electricity in Kazakstan and Russia's Irkutsk is around 2 cents - the two locations where some Chinese miners have been moving over the last six months. There are also examples of mining farms that are directly connected to power plants like Greenidge Generation. Such companies generally work without intermediaries. Therefore, bitcoin's cost bottom price is not 15,000 USD at all, but is around  3,000-5,000 USD. Can the price go below the cost production price? Undoubtedly! Gold, oil and bonds - all of them had negative yields more than once over the past 60 years. A striking example is 20 April 2020, when the price of WTI crude oil fell below zero to -37 USD. Therefore, bitcoin's short-term drop to 1,500 USD is feasible and may well materialize. Keep in mind that price action is fundamentally dependent on macroeconomic factors and the expectations of large speculators. Media feeds are always made for the crowd! As the saying goes, what every taxi driver knows - is no longer the news.
INDEX:BTCUSD
by WallStreetFox
3
Christmas Presents BTC/USD #Bitcoin $BTC #btcHello , here we see our Bitcoin weekly chart from Bitstamp with the long view ! All the way from 2012 to present market . And you can clearly see the channel we have been in with the black lines on top and bottom . During Bitcoin's last 2 Bullrun cycles it touched up to the top of that line at some point and there is no reason why it shouldn't do the same this time . Why ? Because this is a channel that has held for many years now - it's a long standing and strong indication of possible targets for Bitcoin price later this year - possibly in December 2021 . What are the possible targets ? Well if we touch up to that black line in early December where that pink X is we should actually be over $250000 per Bitcoin. A 250k or more Btc ! Not guaranteed obvioulsy , but it definitely would be a lovely Christmas present ! Have a great day everyone .
BITSTAMP:BTCUSD
by shimmeringpath
13
Buyers will win this War! Bitcoin Sellers be Warned!🦍Like And Subscribe(😊 Thanks in advance) Should you still Hold, Buy more or sell you Bitcoin at this current price of Bitcoin? you may be asking after bitcoin recent price actions. I am sincerely more than happy😳 to welcome our new subscribers. My analysis are always multi-timeframes, so please do expect a full week play out of my predictions. as a result of my busy hectic schedules, I will be making only weekly analysis every weekends on what to expect from the market through out the new week before a new weekend. I will do my best to try to constantly update the posts during the week, to keep you updated incase we have any sudden incoming changes in price action that could affect our results. Thanks for your constant supports and understanding. Bitcoin bulls did successfully break the sellers resistance area and not just that , but they also allowed price to retest the sellers down trending resistance area and currently, trying to turn it into a new buyers support area (resistance broken and automatically turning into support). Just like I said it , this was going to happen in my last weekend analysis on Bitcoin last week. Bitcoin demand power(bulls or buyers strength) held down the 32k support Like real bulls would💪🏾 . this war between buyers and sellers on what direction price should move next lasted through out the week and was filled with anxiety and massive stop loss hunt by the buyers as they out numbered sellers like I said.. Now the current situation is that the bulls are tired of being held down and could explode again to the upside, the 32k support down to 28k push was hard crack but bulls survived the sellers back to back attack, the pump will be explosive as the second breakout move clock is already ticking tick! tock! Because support and resisitance is an area not a line, price was finding buyers as it goes down leading to bounce after each push . we see BTC buy pressure growing by the mints above the 32k support all the way to 33800.this range seems to give buyers strength as they are lined up in number on this zones. therefore my Target of 54k to 60k range target is a measured move of the previous buyer power before the pause(sideways price move occur) This is no financial advice on what so ever, it is just my opinion on the market in terms of what the next move possible for bitcoin price direction to make good profit than loss. we are like about to see big pumps and BTC shooting to the moon for a 60k win win😍 ride. Good profit for bulls and good short profit range for bears, all the way down to 20k to 16k range💩. But that will be after a sweet run to 50k min is accomplished. look at the current weekly chart, the bar about to close in the next 24hrs has successfully created a new high. from the daily chart , it shows that the buyers demand is likely to keep growing, leading to price attempting 38k again before the end of 24hrs.
Long
by MachiavelliTrader
13
Bitcoin Spot BuyI did a mark up of patterns which i see on daily timeframe and marked elliott waves here. I consider this is 3-rd wave, widest and we can see Media start to pay more attention to the btc and i think we going to see more and more news (in regular media) about bitcoin and crypto. My forecast for bitcoin here - we are going to approach Supply Zone 20k, where possible shake down to make 4th wave (III-IV). In the middle of V-wave i expect huge jump in prices and very choppy period in correction. Be careful there. Thanks for attention, let me know what you think about next price action BR, Artem Shevelev
BITSTAMP:BTCUSD
by ArShevelev
4
3 big drops since BTCUSD ATH and the next move is going to ...Given that: For the time being, Bitcoin (BTC) is well correlated with traditional markets. What this chart shows me: Bitcornz on the Weekly TF. 3 major drops since ATH. All the bullish rallies and comebacks to date have yet to really break free of the downtrend, however it's above it longer now the previous times. it's like watching an asset dance on a knife edge for as long as it can before it makes the next move either way. How The Biggest Whale Affects Everything: As long as the Fed keeps buying the FAANG bonds and basically p0wning the market / transforming the USA into more like the USSA .. central Kontrol over everything. ... well as long as the charade lasts, trads keep up the PAMP and bitty may ride along, for now, anyway. The Great Comparison: However if you look at the markets compared to right before the Great Depression ... Well ... it basically looked a lot like this. See DJI for example. Highly overvalued stocks being propped up by artificial cash infusions in to the markets. and there was a signal dump and recovery and then shortly after there was the big drop. It looks an awful lot like that now, too. of course systems are "stronger" now but still ... the system is also so much bigger .. the damage from any crash now or in an even larger, more centrally controlled future, will be proportionally bigger as well, in all likelihood. WDUT?
COINBASE:BTCUSD
by stepstones
BTC : Here's the short-term compass✴️ BTC Update The downside risk was present and so we saw a drop to 6470! However, the BTC formed a Swing Failure Pattern around its ~6600 support zone and a potential bullish divergence was visible within 4 hours, so I closed the short position around 6680 this morning. This was just before the BTC pumped almost $300 to trade now around 6900. What the fuck!?! Exactly, guys, what do we do now? The technical situation is positive on the 1h and 4h horizon and some signs of bullish curves are visible on the daily horizon. 👉 What to actually do? 1) For the moment Bitcoin is rejected under 6980 and short positions are closed. If prices fail to break this level, it will be an additional sign of bearishness and we will then try to go short on low TF. 2) If however, this level breaks, I will open a short position around 7200 and aim for a return to 6980. 3) A real break, not just a wick, above 7200 and I'll consider opening a long position! While waiting for more development, stay safe guys!
by ArnJuDQ
BTC : No volume and stagnation✴️ BTC Update #BTC_Update What the hell's that BTC doing? We've been rejected twice under the 7450, which is pretty bearish, but still no massive drop. The daily technical situation is still positive while the technical indicators are negative on the 4h horizon. On the 1h timeframe, the WaveTrend has just given a buy signal, which does not rule out a short-term rise. 📈 Trend follower? Still positive in the daily and negative in the 1h and 4h timeframes. 👉 What to do? Even if Bitcoin doesn't do much at the moment, our scenarios are ready you know me guys! So we have two big possibilities for action, maybe even three. The first, Bitcoin breaks the 7500 - 7600 zone and moves far enough away from that level, forms a higher high and retraces. In this case we will open a pullback position. If the Bitcoin fails to close, at least in 4 hours, with enough space, it will be a false breakout/liquidity grab and therefore a bearish sign. We will open a short position on retest of the 7470s. If the 7200s are broken down, this will also be a great spot to open a short on retest position. While waiting for either one to break, we'll take our cursor off the trader button and wait for the guys! Have a nice day 😉
by ArnJuDQ
3
Bitcoin is in Wave CHi Guys, I was in doubt till February 2020 when bitcoin was trading above $7300 and touched $10500 for the 3d time, after when BTC dropped below $7300 I was sure that it will touch near $5500 (200 Weekly Moving Average) and next it went down from that level as well and touched 3850 and on some exchanges it touched $3770 as well. Now based on my analysis and market scenario I can say the drop from $19667 to $3156 was wave A of correction and that Wave B from $3156 to $13970 we have seen a very fast recovery from $3156 to $13970 (Usually Wave B shows this kind of Fast Recovery). And Now BTC is in Wave C where Bitcoin is ready to make a fresh low in next couple of months. As per my research Wave C usually Comes near to BTC halving you can see chart (1st halving - 2012, 2nd Halving 2016, 3rd Halving May 2020). Wave C always make a fresh low (it can go down by $1-$2 from its previous low $3156 , but it will make a fresh low). At present I am waiting for the right levels somewhere around $7935 to take a short position in BTC and will hold it below previous low $3156. As per my expectation recently Monthly 100 Moving Average is also started which is near $2750 in coming months we can we it around $2900 - $3000 level, market may test that level and try to consolidate near that. I HOPE BITCOIN WILL GO TO MOON SOON Regards, Crypto Money Mantra
BITSTAMP:BTCUSD
by cryptomoneymantra
7