Bitcoin is within an approximate horizontal trend channel in the short term, which indicates further development in the same direction. The currency has broken up through resistance at points 61400. This predicts a further rise. In case of negative reactions, there will now be support at points 61400. The currency is assessed as technically positive for the short term.
Something to keep in mind: MARKETSCOM:BITCOIN takes an average of 36 weeks to break above previous all-time highs (ATHs) after halving years. Considering this, the next potential breakout could be around January 2025. There’s still a long way to go before any significant movement, according to this metric, which aligns with historical trends. I believe people...
Bitcoin has broken the falling trend channel in the short term and reacted strongly up. For the time being, it is difficult to say anything about the future trend direction. The currency is approacing resistance at 61400 points, which may give a negative reaction. However, a break upwards through 61400 points will be a positive signal. The currency is assessed as...
I still believe that it can be attractive to buy at lower points. Current Bitcoin prices are not attractive for whales and big companies.
Hey there, ✌ Bitcoin is currently trading around the $58,500 range. Given the lack of stabilization above the $60,000 level, we could be facing a bearish trend. Additionally, with the recent break below the $59,300 mark, the short-term outlook on the 1-hour chart appears bearish. We expect that after completing a pullback, the price may move towards the...
btc consolidate descending triangle pattern in 3d chart in addition to triple bottom (Its completion means confirmation of the bullish) now we need breakout 61k (the 0.618 fibo level ) i expect btc will retest the 68k - 69k soon, remember that RES get weaker each time it's retested. best regards Ceciliones🎯
If Bitcoin can break the middle line of the channel upwards, then it can be expected to break out of the channel for the first time. Please note, this analysis is in a 4-hour time frame, and in higher time frames (1 day) stabilization should be done. Currently, the market shows a greater desire for the price to be stable and not to fall further.
Bitcoin in downtrend channel and we waiting the peak point to happen briefly if big drop will happen that mean the trend is changed to downtrend. So if we break the channel down the trend confirm✅ the downtrend
I suggest you sell all your bitcoins The market is extremely bearish! The annual candle has always been red after the halving! I emphasize always. In the best case, he will see the price of 25,000 dollars and in the worst case, the price of Bitcoin will be 10,000 dollars. After this, we can think about bitcoin above 100 or 150 thousand dollars!
BTC testing the down side of lateral range that have formulated since March 2024. (Testing the Ice) It will be positive if it is closed above 59500 on the daily time frame and the first target will be 62K IN 4 HOUR Time Frame , it has broken down trend
Trade setup : Price broke back above $60K horizontal resistance and above 200-day moving average (~$63K) to signal resumption of uptrend, with upside potential to $72K. Stop Loss at $59K. Momentum (MACD) is bullish but not overbought yet (RSI < 70), suggesting that there's still gas left in the tank near term. Pattern : Resistance Breakout. Once a price breaks...
Bitcoin has been in consolidation mode for about 6 months, and now it's almost time to make a decisive move. Considering the market structure, including the highs and lows, I expect BTC to make another low before heading towards a new ATH. We have two important main support levels at $44K and $37K, where the price could bounce back in case of a market crash in...
Trade setup : Break below 200-day MA (~$61.5K) threatens the uptrend and price has made a Lower Low during the current downswing, which is also a negative sign. Price has bounced off from oversold levels (RSI < 30) and reached a stiff resistance zone of $60K - $62K (200-day MA). Price needs to regain the 200-day moving average (~$62K) to signal resumption of...
If you find this helpful, don't forget to follow and support us with a like. It’s clear that buyers are struggling, but the pattern of lower highs and lower lows is concerning if they intend to push for $100k before the end of 2024. It feels like sellers are playing a strategic game, and here's why I think market makers might be up to something. If you’ve been...
From my analysis, I believe that we've traded back down into an area of heavy discount. I'll be looking to go long from here. Btcusdt, bitcoinusd, bitcoin
Bitcoin could have a steep recovery but with a possible correction(fib retracement to the golden line) if it fails to break the 200MA. In the long run, the bitcoin cup and handle bullish pattern is still intact.
Over the past few years, BTC has shows affinity for Decembers. If you've been following for a while, you'll know I've been on about this "multi-month" cycle that eventually leads to another BTC ATH before the bearish cycle starts. And it's been exactly that - a mulltimoth period of sideways trading and corrections. However, considering how BTC usually increases...
Here is a chart of #BTCUSDT on the 12-hour timeframe. At first glance, it looks nothing special: a prolonged consolidation on falling trading volumes, everything is natural and natural. But tomorrow, at 15.05 at lunchtime with the close of the 12hr candlestick, everything can change. Tomorrow is the announcement of the "fresh" US CPI rate. Forecast: inflation...