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BTC/USDT Daily AnalysisCurrently, we are in a zone of uncertainty ⚠️. If BTC loses the blue horizontal line, it will signal a breakdown and likely lead to a drop into the 58,400 - 57,700 range 📉. 🔸 The main resistance is the light blue diagonal trendline, which has been acting as resistance since the drop from 66,100 USD. If this diagonal trendline is broken, the next target should be between 63,300 - 64,500 , which corresponds to the 0.5 - 0.65 Fibonacci retracement levels. 🔝 🔹 The bounce from the bottom (60,164) up to 61,928 USD was supported by a triple bull divergence 🐂📈, and the move was an impulsive wave upwards , indicating that another upward push is likely. However, after reaching 61,928 USD , a bearish divergence formed 🐻🔻, confirming a weakening trend on the lower timeframes. Following this, the light green diagonal trendline was broken, signaling the beginning of a pullback and a move towards a retest for a resistance/support fli p. 🔄 🔸 Currently, the price is undergoing a downward correction and testing the previous resistance to establish a support level. We are waiting for the creation of another bullish divergence on the lower timeframes—specifically a hidden bullish divergence 🔍🟢. This setup would indicate a potential push to at least the 0.5 Fib level , marking the end of the correction before resuming the new bearish trend 📉. ⚠️ Invalidation: If we break above 66,000 USD , it would confirm a reversal of the main trend, indicating that the market is now bullish 🐂💪 and we could be heading towards a new all-time high 📈🚀. ⚠️ Disclaimer: ⚠️ 🚫 This is not financial advice. Trade responsibly and conduct your own research before making any decisions.🚫
BITSTAMP:BTCUSD
by RhinoAkaBear
BITCOIN → Bearish Pressure !!!Bitcoin failed to go beyond 63.800 so the price may fluctuate around $60.000 In addition, the bearish wedge shown in the chart can be a negative signal. Recently analysis (Daily) And (weekly) and ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
3
Analyzing Bitcoin Monthly Candle ClosesA lot of notable traders are calling for Bitcoin to drop to 44k or even to around 20.5-21.5k towards an unfilled daily CME chart gap (see daily CME chart below). Before getting into my thoughts about whether or not we move up or down here, let's remind ourselves of some things: 1.) Bitcoin made its first new ATH back in March 2024, after closing right around the previous Oct 21 ATH in February this year. 2.) Let's also take note of two significant previous monthly ATH candle closes from 2021: March 21 Monthly Close - 58.8k October 21 Monthly Close (Previous Monthly ATH - approx 61.3k Recap of this year Next, a recap of what has happened since March 24's ATH: April's monthly candle closed just below that high, but above the March 21 high, losing the Oct 21 level that was broken in the previous month. Then in May, it reclaimed that Oct 21 high, held it for 2 months, and then lost it again in August with a stronger re-test of the March 21 high, and the strongest wick below it yet... but still closing just above it. Just after August, the September monthly candle yet again reclaims the Oct 21 high, but is now re-testing that area again this year, also in October again and with 21 days left to go until the monthly close. So what happens next? Scenario A - October monthly candle closes above 58.8k, we could still see wicks lower than the one in August, and we could see levels like 44k or even lower prior to close. Remaining above 58.8k still gives Bitcoin a chance to reclaim 61.3k and move up in the months that follow. Scenario B - October monthly candle closes above 61.3k, with a 2nd reclaim of the Oct 21 ATH, we likely move on up to test or even break this year's ATH. Scenario C - October monthly candle closes below 58.8k, if November doesn't quickly reclaim that level or 61.3k, we likely see 44k or lower, and may even revisit the unfilled CME gap on the daily chart. Daily CME Gaps Chart:
COINBASE:BTCUSD
by dudebruhwhoa
1
Breaking the daily resistance at $63,000Bitcoin was precisely rejected from the weekly downtrend at the $66,000 level and moved towards the daily support at $60,000, where we had previously predicted strong support, and this scenario unfolded exactly as expected. Bitcoin found support at this level and has since rebounded upwards. Currently, the price is on the verge of breaking the daily resistance at $63,000. If this level is successfully broken, the previously anticipated target of $72,000 will come into reach. The current resistance level stands at $63,400.
by MonoCoinSignal
Bitcoin ($BTC) to Dip Below $60K Amid Hotter US CPI DataBitcoin’s price could soon slip below the $60,000 mark following the latest U.S. Consumer Price Index (CPI) data, which showed inflation at 2.4% for September, slightly higher than market expectations of 2.3%. The hotter-than-anticipated inflation report has sparked concerns among investors, weighing on the broader crypto market and pushing Bitcoin ( CRYPTOCAP:BTC ) into a bearish outlook. Combined with growing macroeconomic uncertainties, including Federal Reserve rate decisions and geopolitical tensions, Bitcoin could face further downside pressure. Impact of US CPI Data The latest inflation data revealed that the US CPI held steady at 0.2% on a monthly basis, while annual inflation cooled to 2.4%, down from the 2.5% recorded in August. Despite this cooling, the figure surpassed market expectations, triggering concern among investors who now anticipate a more hawkish stance from the Federal Reserve. With inflation running higher than anticipated, fears of tighter monetary policy have intensified, particularly as the Fed is widely expected to implement a smaller 25 basis point (bps) rate cut in November, down from an earlier prediction of 50 bps. These developments are contributing to widespread risk aversion in the market, with investors turning cautious ahead of the Fed’s next move. A more restrictive monetary policy could reduce liquidity in the market, further pressuring risk assets like Bitcoin. Adding to this, the release of gloomy U.S. job data and the rising US 10-year bond yield, which hit 4.073%, have intensified negative sentiment. The crypto market has not been immune, with Bitcoin down 1.3% following the CPI data release. BTC briefly crossed below the $61K mark, touching a low of $60,314, and is currently trading at $60,449 as of this writing. Macro Factors at Play: Global Concerns Weigh on Sentiment Bitcoin’s downward trajectory is not just a result of inflationary pressures but also a broader set of macroeconomic uncertainties that continue to weigh on sentiment. Several key factors are contributing to this cautious outlook: 1. Geopolitical Tensions: Ongoing tensions in the Middle East are creating volatility in global financial markets, which in turn is impacting the crypto market. Any escalation could lead to further risk aversion, potentially dragging Bitcoin lower. 2. US Presidential Election: With the upcoming 2024 presidential election in the United States between Kamala Harris and Donald Trump, markets are bracing for increased political volatility. The uncertainty surrounding the election outcome could add another layer of risk for investors, keeping Bitcoin under pressure. 3. Federal Reserve’s Stance: As inflationary concerns remain, the market is now pricing in an 84% probability of a 25 bps rate cut by the Fed in November. Any hawkish surprises from the Fed could exacerbate the already fragile market sentiment, potentially leading to further selloffs in Bitcoin. Technical Outlook On the technical front, Bitcoin ( CRYPTOCAP:BTC ) is showing signs of weakness following the CPI data release. The daily chart reveals that Bitcoin is trading within a falling wedge pattern, a bearish formation that could signal further downside unless there is a breakout to the upside. Key Technical Indicators: The Relative Strength Index (RSI) is currently in an anomalous zone, indicating that Bitcoin ( CRYPTOCAP:BTC ) may not yet be oversold, but downward pressure is mounting. Bitcoin is trading within a falling wedge, which often indicates further downside unless there is a strong breakout. A break below $60,000 could send Bitcoin ( CRYPTOCAP:BTC ) towards the ceiling of the trendline at $50,000 which will be very bad for $BTC. Immediate support lies at the $60,000 psychological level. If broken, the next key support level is the $50,000 mark, which coincides with the lower trendline of the falling wedge. On the upside, Bitcoin ( CRYPTOCAP:BTC ) would need to clear resistance around the $61,500 mark to attempt a reversal. If negative news continues to dominate the macro landscape, such as additional inflationary pressures, escalating geopolitical tensions, or unexpected hawkish moves from the Fed, Bitcoin ( CRYPTOCAP:BTC ) could see a sharper decline, possibly dipping toward the $50,000 level. On the flip side, favorable developments like easing inflation, de-escalation in global conflicts, or a more dovish stance from the Fed could provide Bitcoin ( CRYPTOCAP:BTC ) with the momentum needed to break out of the falling wedge and move higher. If Bitcoin manages to clear $61,500, it could attempt a surge back toward the $65,000 resistance level.
COINBASE:BTCUSDLong
by DEXWireNews
Bitcoin Analysis==>>Risk-To-Reward:4.40Bitcoin started to rise after the UAE exempted cryptocurrency transactions from Value Added Tax (VAT) . The UAE exempts crypto transactions from VAT starting November 15, aiming to attract more investments and solidify its position as a crypto hub. Bitcoin is currently moving near the Resistance zone($67,400-$65,000) , the Potential Reversal Zone(PRZ) , and above the ascending channel . Regarding Elliott wave theory , Bitcoin has restructured a bit since my previous post . Bitcoin seems to be completing wave C inside the ascending channel. Also, Regular Divergence (RD-) between Consecutive Peaks . I expect Bitcoin to decline to at least the Support zone($62,860-$62,110) again, and because there is still a high possibility of tension between Israel and Iran , it is very likely that Bitcoin will come back below 21_SMA(Weekly) and 200_SMA(Daily) . ⚠️Note: This analysis is valid until Bitcoin does not touch $66,500.⚠️ ------------------------------------------- My position: Of course, I manage this position with price changes. BTCUSDT 🔴Position: Short ✅Entry Point: 64347.0 USDT  (Limit Order) ⛔️Stop Loss: 65283.0 USDT [ You can open a Short position where the Stop Loss(SL) is $66,500 ] 💰Take Profit: 🎯62493.0 USDT ===>>>Risk-To-Reward: 1.98 🎯60229.0 USDT ===>>>Risk-To-Reward: 4.40 Please don't forget to follow capital management ⚠️ Please pay attention to the style of opening the position.⚠️ ------------------------------------------- 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 and updates; this is just my Idea, and I will gladly 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
28
DOGEUSD Are you people ready??We have recently viewed Dogecoin's (DOGEUSD) Cycles and mentioned why we expect it to start rising parabolically soon. What we haven't done but it's what we bring you today is those Cycles compared to the Cycles of the flagship of the crypto world, Bitcoin (BTCUSD). We will keep it simple, because that's what the chart is, no need to complicate what's obvious with added terms and info. As you can see, every time Bitcoin broke above its All Time High (ATH), Dogecoin was on a medium-term correction (though well within its Bull Cycle) under Lower Highs and marginally above the 0.236 Fibonacci retracement level. Once Bitcoin broke out, Doge did also only though much more aggressively and within a few weeks it reached its previous ATH. Needless to say, it didn't stop there but went on to peak much higher. Once more, the market finds itself in the exact same position as before in history. Are you ready?? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:DOGEUSDLong
by TradingShot
9
BTC Daily ReviewBTC wicked into daily fair value gap and got rejected there. Now that bullish move is done and failed, next should be bearish response. Nearest liquidity pool is under 61600 and support starts under 61000. Developing Year VWAP 59630 is the border between early bounce and deeper and bloodier correction, where potential target moves to September buy tail EQ around 56k. Reminder that overall chart structure is bullish and will stay that way until BTC cross below 52511. All the dips above that value will form higher low. Higher high at 66450 - only after BTC grow above that value the lower move potential will move up as well. www.tradingview.com Nearest liquidity pools: above - 63115 / 64786 / 65412 / 66120 below - 61600 / 61237 / 60652 / 59961 Lines on the chart: 🔸64601 - July close 🔸63309 - September close 🔸62766 - June close 🔸58942 - August close 🔸57446 - day swing fractal 🔸56000 - September buy tail EQ
by WiseAnalyze
BTC: I think it'll go to 58KIf the break out from this bull flag will happen in this month I expect a retracement to the middle fo the flag (more or less 58K or a bit lower) and then a pump toward the break out. DXY is going up but so BTC.D as you can see here: I always expected BTC dominance to reach 60%, this could in part lead to BTC price going up as I don't think all the money would flow into fiat or stablecoins. However if we remain on BTC chart analysis on 4h there is a bullish DIV on RSI and a hidden bullish DIV on OBV. Moreover with the weekly shaping this way it's really unlikely we'll see a green candle this week, so plenty of time to make a new local low. Take the occasion to buy the alts you think are interesting and with good potential. Good luck.
Short
by Shotokhan
5
Bitcoin Roadmap!!!==>>Short termAfter the tension between Iran and Israel , Bitcoin started to fall and once again fell below 21_SMA(Weekly) and 200_SMA(Daily) . In previous posts , I warned you about the fall of Bitcoin , and I hope it was useful. Bitcoin is currently approaching the Resistance zone($62,860-$62,110) and 21_SMA(Weekly) . According to Elliott's wave theory , Bitcoin is completing wave 4 . The main wave 4 structure is most likely a Zigzag Correction(ABC/5-3-5) . If Bitcoin breaks the support lines , we can confirm the end of wave 4 . I expect Bitcoin to break down to at least the Support zone($60,000-$59,100) in the coming hours. Fundamental analysis : On-chain data shows that the number of active Bitcoin addresses has recently dropped sharply . This decrease started in March 2024 and is the biggest drop since 2021 . This trend could be a bearish sign for Bitcoin . ⚠️Note: If Bitcoin can break the Resistance zone($62,860-$62,110) and go above $63,460, we should wait for Bitcoin to rise again.⚠️ ⚠️ Note: Tensions between Iran and Israel can still have an impact on Bitcoin and other assets. If Israel wants to react to Iran's attacks, we should expect a further drop in Bitcoin, so in these days, more than ever, observe capital management.⚠️ What is your idea about Bitcoin, more dump or, again, pump❗️❓ 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 and updates; this is just my Idea, and I will gladly 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
11
BTC BULL to $101k - $125kIf the Bearish chart of Bitcoin won't play out, this is the bullish possibilities. It does look like we will go up. Indicators on Daily timeframe just reset indicating bullishness. Altcoins look very bullish and are ready for another 100% leg up or even bigger run this time. Th only thing that doesn't let me freely believe this bullish chart is that BTC have not crashed yet and usually it does crash before thee big run, but this cycle is already different having new ATH before the halving which did not happen previously.
Long
by Achilly