Could Bitcoin reverse from here?The price is rising towards the pivot which has been identified as an overlap resistance and could reverse to the pullback support.
Pivot: 67,019.71
1st Support: 63,519.90
1st Resistance: 69,419.07
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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BTC-USD
Could price reverse from here?Bitcoin (BTC/USD) is falling towards the pivot, which has been identified as an overlap support and could reverse to the 1st resistance which is a pullback resistance.
Pivot: 63,359.63
1st Support: 61,477.03
1st Resistance: 65,878.60
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Bearish drop?The Bitcoin )BTC/USD) is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support.
Pivot: 67,443.01
1st Support: 64,367.22
1st Resistance: 69,696.83
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Potential bullish rise?Bitcoin (BTC/USD) is currently reacting off the pivot which acts as an overlap support and could rise to the pullback resistance.
Pivot: 65,748.52
1st Support: 63,514.38
1st Resistance: 68,348.46
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Falling towards 38.2% Fibonacci support?Bitcoin (BTC/USD) is falling towards the pivot which acts as a pullback support and could bounce from this level to the 1st resistance which has been identified as a pullback resistance.
Pivot: 62,448.15
1st Support: 60,991.38
1st Resistance: 65,758.98
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Bitcoin Technical Analysis: Bullish Momentum Amid ConsolidationBitcoin Technical Analysis
The price has pushed up from our demand zone and can easily reach its resistance at 64905. As long as it trades above 62410, it will continue to push up and potentially break 64905.
Current Outlook:
The price is expected to consolidate between 62400 and 64905 until a breakout occurs.
Bullish Scenario:
As long as the price trades above 62400, it is likely to trend upward to 64900. Stability above 64910 will further confirm the bullish trend, with the next target being 70000.
Bearish Scenario:
For a bearish trend, the price should stabilize below 62400, targeting 59950. A close of at least a 4-hour candle below this level would confirm the downtrend.
Key Levels:
- Pivot Line: 62400
- Resistance Levels: 64900, 67200, 70000
- Support Levels: 59940, 56600, 52800
Expected Range:
The anticipated movement range for Bitcoin is between the support at 62200 and the resistance at 66000, with a bullish tendency.
Do you anticipate any upcoming events or announcements that might significantly impact Bitcoin's price movement?
Potential bullish rise?Bitcoin (BTC/USD) has just bounced off the pivot which acts as a pullback support and could rise to the pullback resistance.
Pivot: 56,784.43
1st Support: 55,042.77
1st Resistance: 59,832.32
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Falling towards 38.2% Fibonacci support?Bitcoin (BTC/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 62,155.46
1st Support: 61,130.39
1st Resistance: 63,578.50
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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BTC: New Short-term bullish channelLong-term Fibo channel is clear here!
There might be a reversal
Regarding the mid-term channel a bearish trendline is broken
A new short-term channel which is tradable could be formed.
Short-term traders could take profit around the zone. But I think we should hold out cryptos till January.
read the related ideas see my reasons for that
Could Bitcoin fall from here?Price is currently reacting off the pivot has acts as a pullback resistance and could potentially fall to the pullback support.
Pivot: 63,597.3
1st Support: 62,135.03
1st Resistance: 64,764.8
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish breakout?Bitcoin is reacting off the pivot and could potentially breakout to the overlap resistance.
Pivot: 61,974.28
1st Support: 60,745.83
1st Resistance: 63,716.45
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Could Bitcoin fall from here?Price is currently reacting off the pivot which has been identified as a pullback resistance and could potentially drop to the 1st support.
Pivot: 61,649.58
1st support: 59,164.06
1st Resistance: 63,268.89
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bitcoin has a strong bearish momentum, could it fall further?Price is currently reacting off a resistance level which is a pullback resistance that lines up with the 38.2% Fibonacci retracement and could potentially fall to our take profit.
Entry: 61,403.58
Why we like it:
There is a pullback resistance level which lines up with the 38.2% Fibonacci retracement.
Stop loss: 63,234.41
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Take profit: 58,278.12
Why we like it:
There is a pullback support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Heading into 38.2% Fibonacci resistance?Bitcoin (BTC/USD) is rising towards a pivot and could reverse to the 1st support.
Pivot: 61,422.75
1st Support: 58,395.08
1st Resistance: 63,268.89
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
REACH is gonna reach for the starsREACH is forming a nice bottom structure which reminds me of BONK before take-off. Also the RSI is printing higher highs on the daily since the beginning of May. The volume is going up, whales are accumulating for sure.
With only $2.5 Million fully diluted marketcap and 100% of the coins in circulation this AI web3 social-fi protocol could surprise a lot of people in the upcoming bullrun.
Could Bitcoin drop from here?Price is currently at a resistance level which is an overlap resistance and could potentially reverse from this level to our take profit.
Entry: 65,131.25
Why we like it:
There is an overlap resistance level.
Stop loss: 67,114.33
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement.
Take profit: 63,099.45
Why we like it:
There is a pullback support level which is slightly below the 161.8% Fibonacci extension.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Potential bullish rise?Bitcoin (BTC/USD is reacting off the pivot which has been identified as an overlap support and could rise to the 1st resistance.
Pivot: 64,489.09
1st Support: 63,265.51
1st Resistance: 67,011.40
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish breakout?BTC/USD has broken out of thee support level which is an overlap support an could fall to our take profit.
Entry: 65,131.25
Why we like it:
There is an overlap support level.
Stop loss: 67,294.57
Why we like it:
There is an overlap resistance level.
Take profit: 63,099.45
Why we like it:
There is a pullback support level which lines up with the 161.8% Fibonacci extension.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish rise?BTC/USD has reacted off the support level which is an overlap support that aligns with the 78.6% Fibonacci projection and could rise to our take profit.
Entry: 65,131.25
Why we like it:
There is an overlap support that lines up with the 78.6% Fibonacci projection.
Stop loss: 63,176.38
Why we like it:
There is a pullback support level that lines up with the 161.8% Fibonacci extension.
Take profit: 68,593.43
Why we like it:
There is an overlap resistance level which lines up with the 61.8% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Falling towards overlap support, could it bounce?BTC/USD is falling towards a support level which is an overlap support that aligns with the 78.6% Fibonacci projection and could bounce from this level to our take profit.
Entry: 65,131.25
Why we like it:
There is an overlap support level which aligns with the 78.6% Fibonacci projection.
Stop loss: 63,176.36
Why we like it:
There is a pullback support level that lines up with the 161.8% Fibonacci extension.
Take profit: 68,593.43
Why we like it:
There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish bounce off pullback suport?BTC/USD is falling towards a support level which is an overlap support and could potentially bounce from this level to our take profit.
Entry: 66,308.43
Why we like it:
There is an overlap support level.
Stop loss: 65,129.43
Why we like it:
There is an overlap support level that aligns with the 78.6% Fibonacci projection.
Take profit: 69,872.38
Why we like it:
There is an overlap resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish rise?The Bitcoin (BTC/USD) has reacted off the pivot which has been identified as a pullback support and could rise to the 1st resistance level which is an overlap resistance.
Pivot: 66,022.69
1st Support: 64,588.58
1st Resistance: 68,777.23
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.