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Is Bitcoin Ready to Break $38,000? Bullish Flag Pattern SuggestsBitcoin Technical Analysis: Key Levels and Price Targets Bitcoin (BTC) is currently trading at $27,000, and in this technical analysis, we will delve into the formation of a bullish flag pattern in the daily time frame. Additionally, we will examine the significance of key resistance levels and discuss potential price targets. Please note that this analysis represents an opinion and should not be considered financial advice. As an investor, it is crucial to conduct thorough research before making any investment decisions. Formation of a Bullish Flag: BTC is exhibiting a bullish flag pattern, which is a continuation pattern observed after a significant price increase. This pattern indicates a temporary consolidation before the upward trend resumes. Traders are closely monitoring the breakout of Resistance 1 at $27,300. A candlestick close above $27,500 would be an encouraging sign, potentially driving the price toward the next target of $31,000. Significance of Resistance Levels: During the previous bear market, the $30,000 level served as a robust support level. However, it has now transformed into a formidable resistance. Breaking above the current resistance level of $30,500 could signify a significant breakthrough and may lead to further upward momentum. This breakthrough has the potential to propel Bitcoin toward the next target of $38,000. Potential Price Targets: If BTC successfully surges past the $30,500 resistance, the next likely price target for Bitcoin would be $38,000. However, it is crucial to monitor the price action around the current resistance level of $27,500. In the event of rejection at this level, Bitcoin could retest the support level at $24,000. CryptoPatel Key Levels: To navigate Bitcoin's potential price movements, traders should be aware of the following key levels: Support: $24,000 The $24,000 level has previously acted as a strong support level and could be tested again if BTC faces rejection at the current resistance. Resistance 1: $27,500 Breaking above this resistance level is crucial for Bitcoin to gain momentum toward the next target of $31,000. Resistance 2: $30,500 This level represents a significant barrier, as it was previously a strong support level during the bear market. A successful breakthrough could signal a bullish trend toward $38,000. Follow us for More Quality Real time analysis. Thank you
BINANCE:BTCUSDLong
by CryptoPatel
3
The simplicity BYBIT:BNBUSDT.P I want to talk about the simplicity of this bottom on BNB. Obviously, everything we think we know about the markets is uncertain ALWAYS. uncertainty is very important for you to come to realize. once you focus on uncertainty and make it a main priority of your life you will then come to realize how close your relationship with uncertainty will become. you will also take the trades set out for your plan without hesitation, you will not feel as much hardship when a trade doesn't go your way. Once you stop looking for that quick spell and focusing on the real things like your own psychology, physical health, and little topics (the art of uncertainty) you will finally excel in your trading and everything else around you will follow. The simplicity of this bottom is that it's at a perfect spot that meets my criteria and I'm in without hesitation because it's uncertain anyway, right? shoot your shot to be on your way and take the trades. thanks guys.
by fusfamily
BNB 4HWith all the news surrounding Binance and its SEC battle that lay ahead I thought I'd look at a potential BNB trade. We've seen the coin drop from the $300 mark in a pattern of huge sell off followed by consolidation, then sell off again until we've reached the ascending triangle pattern I have shown on the chart. This pattern is very close to breaking down and I think will result in a retest of the Local low that was set at the end of last year and was briefly tagged recently on June 12th. There is a clear range that can be split into quarters to help mange this trade. If the triangle pattern is lost, the midpoint will need to provide support, if it does not BNB will retest the $220 in my opinion. From there $180 is the last chance at support as it's nothing but air after that, BNB will be in freefall. On the bullish side all this downwards price action has left a lot of inefficiencies in price that will eventually be revisited, I just don't think it will be soon given the outside forces acting upon the coin. If BTC has a huge rally from here that's BNB's only hope.
BINANCE:BNBUSDShort
by ProR35
BNBUSDT.1DHello dear friends, *Mars Signals Team wishes you high profits* This is a one day time frame analysis for BNBUSDT.1D We are in the daily time frame. As you can see, the price took a bearish trend after breaking the white line and is trading in our first support zone. We expect the price to support at this level and move towards our first resistance line. But if it breaks completely from our support line, we expect further declines. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
Bitcoin - fixing above an important levelHello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ The opening of the new week is still encouraging, bitcoin could return to the zone that I wrote about in the last post of $26,300. The technical bitcoin is fixing above the local support and the important Fibonacci level of 0.236, the upper zone of the $26,950 wedge remains the local resistance. If bitcoin can get out of the wedge with an upward movement, then, as I said earlier, the most important zone remains to pass the level of $27,500 and then it will be possible to think about $28,500-30,000, these are the first goals that I have been waiting for more than 3 weeks with an open position.
Long
by DanilBlinkov
1
BNB/USDT 4HInterval resistance and supportHello everyone, let's look at the BNB to USDT chart on a 4-hour timeframe. As you can see, the price is staying above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $244.8, if the support is broken then the next support is $241.5, $238.9, $236.3 and $232.6. Now let's move on to the resistance line, as you can see the first resistance is $246.9, if you manage to break it, the next resistance will be $250.7, $256.4 and $263.2. Looking at the CHOP indicator, we see that most of the energy has been used, the MACD indicates staying in a local uptrend, while the RSI is moving in the upper part of the range, which may indicate a local sideways trend or a small rebound.
by cryptodailyuk
Binance Coin BNB - Going Bull - Last CrashBinance Coin doesn't seem to show the same Bearish patterns as the rest of the Cryptocurrencies. It appears that it's one step behind on the Bearish Stance. But can start flying now? YES! It met all the necessary requirements. However, if another last bear leg comes, it might as well catch up and reach the Demand Zone in a fast manner. I'm saying that because when this "thing" drops, it does massive candles. So, I'm taking my time with BNB . An awesome level would be $80 , a dream come true for every HODLer out there. Let me tell you why! Binance Coin ( BNB , BNBUSD , BNBUSDT , BNBBUSD ) Technical Analysis: * Elliott Wave Impulse: SuperCycle (a) (turquoise) * A-B-C Zig-Zag Correction: Cycle Degree (a-b-c (red)) * 88.6% Fibonacci Retracement * Harmonic Pattern: Bullish Bat * Bullish Divergence If that last bear comes, I will add some more to my portfolio. Moon was just a dream, Mars is a desire. The real destination: Interstellar. Stay strong my fellow HODLer. Richard, the Wave Jedi.
BLong
by Lionheart-EWA
2
✴️ Binance Coin Likely To RecoverBinance Coin is in the TOP10 and we can use it to gauge the strength of the market. If BNB recovers, the rest is set to recover. What one does, the rest follows. Since Binance is the one receiving the strongest attack, we will call it karma and leave it at that, if it can recover then the easier it is for the rest to recover. As others are being attacked but not as strong. We have a double bottom here, June 2023 vs December 2022, technically. The June low is actually a few cents higher while the RSI went to oversold; a hidden bullish divergence. Yes they are under attack, but an attack is not the end of the world. Look at BitMEX for example, it was attacked but it survived. They might have to wind down, maybe even stop some of their scam schemes... who knows, but an attack is not the end of the world. Cryptocurrency is about freedom and decentralization. The market can become too centralized at times. Whatever is happening is bound to turn into a positive in the long-run. Binance, you reap what you sow. Good luck with your battle. You will survive, that's for sure. Namaste.
BINANCE:BNBUSDLong
by AlanSantana
FXSUSDT → Breakthrough resistance opens up new targets BINANCE:FXSUSDT is showing great momentum after a false break of support at 4.841 (touching wedge support). The coin strengthens by 27% and breaks consolidation resistance. The bulls are trying to take control of the situation. A retest of strong resistance 5.866 is forming and is currently sandwiched in a local range between the previously broken wedge boundary and between resistance 5.866. Against the backdrop of strengthening BINANCE:BTCUSD , BINANCE:FXSUSDT price is also growing and currently stands at 5.750. SMA50 was also broken earlier. The main goal for the buyers is to consolidate above the wedge or above the level of 5.866 after its breakout. After that, we are likely to see a strengthening towards 6.960 and even to 8.800. Support levels: the previously broken wedge boundary, MA-50, 4.841 Resistance levels: 5.866, 6.959 I expect that the bulls will be able to hold their positions. If it succeeds, the coin will start to rise to 6.959 Regards R.Linda!
Long
by RLinda
10
BNB - testing a strong historical levelHello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ BNB - testing a strong historical level! Guys, this is not financial advice, I'm just sharing my thoughts and what I saw on the chart. Everyone must decide for himself whether to enter from this zone or not. Recall the recent FUD related to Binance and CZ. At that time, the BNB coin lost about 30% in value, like many other altcoins. Due to this, the price returned to a strong historical level of $220-225. If we look at the chart from the technical point of view, then rebounds of several tens and hundreds of percent have always been observed from this support level. Can we see the same buyer reaction now? From a technical standpoint, I think yes, there is a chance to see a rebound to the last $300-$315 support level. Also a recent tweet by CZ, most likely he writes about the SEC, and will soon begin to endure his offenders But! Friends, while the story with binance and CZ continues, you need to be prepared for another possible pressure on the market. So be as careful as possible. I just assumed what might happen in the future with BNB, and it's up to you to decide whether to enter or not.
Long
by DanilBlinkov
1
BTC, BNB: 🐻 ADA: ☀️ ETH: 🌧️🌧️? The global crypto market faces cloudy conditions over the coming 24 hours, signaling a slightly bearish market with downside risk for Binance Coin and Bitcoin after the Fed hinted at further rate hikes and the ongoing lawsuits from the US regulator weigh on the crypto universe. Trading signals for Ether indicate rain ☔️, meaning that a market rebound is likely over the one-day horizon. Over a one-week horizon, sunnier conditions ☀️ lie ahead for Bitcoin, Binance, and Cardano where a slightly bullish market with upside potential is seen. Ether and XRP face less favorable weather, with clouds ☁️ and rain ☔️ ahead, signaling a slightly bearish market with downside risk. Follow us for more insights!
by ATTMO
Binance Coin | A dormant Whale Sold 10,000 BNB tokens !If you haven`t sold BNB at the resistance, here: Then in my opinion Binance Coin (BNB) faces significant challenges that could potentially impact its price negatively. The first factor is the ongoing investigation by the U.S. Securities and Exchange Commission (SEC) into Binance and its CEO Changpeng "CZ" Zhao. Regulatory scrutiny can create uncertainty and potentially lead to a decline in investor confidence, affecting the price of BNB. Furthermore, After remaining inactive for a period of two years, a significant whale recently sold 10,000 BNB tokens at a price of $230, amounting to $2.3 million. What's interesting is that this particular whale was previously involved in the SAFEMOON cryptocurrency and managed to generate a substantial profit of 110,000 BNB tokens, equivalent to $47.5 million at that time, with an initial investment of just 10 BNB tokens, valued at $2,400 back then. Based on the information above, with the SEC investigation and the selling pressure from whales, a price target of $220 is reasonable, in my opinion. Looking forward to read your opinion about it!
Short
by TopgOptions
1
Binance selling BTC Bitcoin to prevent BNB selloff ?!?In my opinion, Bitcoin faces multiple factors that could potentially lead to a decline in its price. Firstly, the presence of a head and shoulders chart pattern is often seen as a bearish indicator, signaling a potential trend reversal. This pattern suggests that Bitcoin's price could experience a downward move. Adding to the bearish sentiment is the speculation surrounding Binance's potential selling of Bitcoin to prevent a selloff in its BNB token. Tweets from popular traders on Twitter, highlighting short-term price correlations between Bitcoin sell-offs and BNB purchases, went viral. The tweets suggested that BNB was being sold off for BUSD to suppress volatility in Bitcoin and that Bitcoin was being swapped out for USDT to suppress downside volatility. The circulation of such tweets, viewed by millions of users, can influence market sentiment and potentially lead to selling pressure on Bitcoin. The notion that BNB purchases are capping the upside potential of Bitcoin raises concerns about the sustainability of Bitcoin's price movements. While Binance CEO Changpeng "CZ" Zhao dispelled rumors of selling Bitcoin to support BNB, the impact of these speculations and Twitter discussions cannot be completely ignored. The uncertainty created by conflicting statements can contribute to market volatility and potentially affect Bitcoin's price. Based on these factors, my bearish outlook for Bitcoin includes a price target of $23,000, which represents a significant decline from current levels. Looking forward to read your opinion about it!
Short
by TopgOptions
BinanceUS suspends U.S. dollar depositsIf you haven`t sold BNB here: Then you should know that BinanceUS, a part of the biggest crypto exchange Binance, has made an announcement regarding changes in its operations. Going forward, the exchange will cease accepting U.S. dollar deposits, and customers will soon no longer have the option to withdraw dollars from the platform. This decision follows a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance, its CEO Changpeng Zhao, and the operator of its U.S. exchange. The SEC alleges various misconduct, including artificially inflating trading volumes, misusing customer funds, failing to enforce restrictions on U.S. customers, and providing misleading information about market surveillance controls. I think BNB will test the $220 support. Looking forward to read your opinion about it.
Short
by TopgOptions
3
Bitcoin - volatility expected! Attention!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ Get ready, market volatility is expected today! Friends, today is the most fundamental day, we may see increased volatility in the stock and cryptocurrency markets, be careful if you are in a position with a large leverage. ▫️Fed rate - 21:00 Moscow time ▫️Fed press conference - 21:30 Moscow time. Most analysts say that the Fed at today's meeting may take a break from raising interest rates. For now, everything looks logical to take a break because inflation is declining and is already at 4%, which means that the tightening is working and after a certain period of time (after a pause) the Fed will return and start raising the key rate again until inflation reaches 2%. Cancellation is positive? I think yes for a while, but you should still expect volatility in both directions by several hundred points in BTC.
Long
by DanilBlinkov
BNB/USDT Is this the end of the current correction?Hello everyone, I invite you to review the BNB chart in pair to USDT, taking into account the one-day interval. As we can see, the price has broken out of the uptrend line. We also see that we moved the EMA Cross 200 for a while, however, after breaking this strong support, we received a strong drop in price, down to a very strong 0.786 Fib support at $222.8. Should the current support fail to hold the price, we will be able to see the price drop further around the $184.6 support. Looking the other way, we can similarly identify the resistance points that the price has to face. And here we can see that we have now hit the first resistance at $248.8 which for now bnb has no strength to break through then we have the second resistance at $288.6 the next resistance at $322.1 then the fourth resistance very strong resistance at $354.3. The CHOP index indicates that the energy has been used up and is slowly increasing, the MACD indicates a continuation of the downtrend, but with a visible flattening after the last decline, while the RSI recorded a strong rebound that definitely broke the lower limit of the range and now we see a return to this limit and a large scope for future price increases.
by cryptodailyuk
2
BNBUSD Is there any salvation for the Binance Coin?The Binance Coin / BNBUSD had a week of enormous selling pressure last week, touching on Monday Support A (220.00), that was formed on the December 17th Low. This is a strong long term buy opportunity. Target initially Resistance A at 318.00 and by the end of August Resistance B at 350.00. As shown, the primary pattern is a Rectangle. If the price closes under Support A, target Support B at 194.00 on the short term. However given how emormously oversold the 1day RSI got (at 15.00) on Monday, this is unlikely. Still that would be an ever better long term buy opportunity. Follow us, like the idea and leave a comment below!!
CRYPTO:BNBUSDLong
by TheCryptagon
4