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Btc-usdt

Bitcoin can break support line and continue fall to 61000 pointsHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a not long time ago started to trades inside the downward channel, where it rebounded from the resistance level, which coincided with the seller zone and rose to the channel's resistance line. After this movement, BTC turned around and quickly declined to support line of the channel, breaking the 64500 resistance level, but soon backed up to the seller zone. Later, the price finally broke the 64500 level and some time traded below, after which BTC rose to this level, which coincided with the resistance line of the channel, and rebounded down to the 59200 support level, which coincided with the support area. Also, Bitcoin left the downward channel and soon broke the 59200 level too. After this, the price turned around and made impulse up to the resistance level, breaking the 59200 level one more time and when BTC reached the 64500 level, it rolled down to the support line. Now, I think Bitcoin can reach the resistance level again and then rebound down lower than the support line, breaking it. For this case, I set my target at 61000 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
BTCUSDT.1DThe daily chart for Bitcoin (BTC/USDT) illustrates a continued downtrend with the formation of a descending triangle pattern, which is typically considered bearish. Bitcoin's current price is $63,034.98, and it has recently tested a significant support level (S1) at $59,065.59 without breaking below. Another key support level (S2) lies further below at $56,083.28. On the resistance side, the first significant level (R1) to watch is at $67,154.38. A break above this could signal a potential shift in the market sentiment from bearish to bullish, targeting higher resistance levels such as $74,007.06 (R2). The RSI stands at 47.63, indicating a neutral market sentiment but edging closer to bearish territory. The MACD is below the signal line, which supports the bearish momentum observed in the price action. For traders, the key strategy would involve watching how Bitcoin interacts with these pivotal levels: A rebound from S1 could offer a short-term buying opportunity, aiming for a retest of R1. A break below S1 could see a continuation of the bearish trend towards S2, offering a potential short position setup. A breakout above R1 might invalidate the bearish outlook and provide a bullish signal, with R2 as the next target. As always, traders should wait for confirmation of these movements through additional indicators and market volume to substantiate the trend changes or continuations.
by MarsSignals
1
BITCOIN - Price can bounce down from resistance area to $55500Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A few moments ago price started to trades in flat, where it broke $70300 resistance level and fell to bottom part of flat. Then price turned around and rose to resistance line of wedge, exiting from flat, and soon BTC broke $70300 level again. After this, price in a short time declined to support line of wedge, which coincided with $60500 level. But BTC at once bounced up to resistance line of wedge, after which it made downward impulse to support line of wege. Price broke $60500 level, but not long ago, BTC rose to this level and now trades very close. Possibly, Bitcoin can rise a little higher than resistance level and then bounce down to $55500 support line of wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
HelenP. I Bitcoin can continue to decline to trend line in wedgeHi folks today I'm prepared for you Bitcoin analytics. A few moments ago price rebounded from the trend line and rose higher than resistance 2, which coincided with the resistance zone, thereby breaking this level. After this, BTC started to trades inside the resistance zone, but later it made an impulse down to almost trend line, after which at once turned around and rose back to the resistance area and even higher. Later Bitcoin turned around and in a short time declined to one more resistance zone, thereby breaking resistance 2 again. Also, the price formed a wedge pattern, where it declined to resistance 1 and then rebounded up to the resistance line of this pattern. After this movement, BTC in a short time declined to resistance 1, broke it, and continued to fall. Just now, the price trying to grow, but I expect that Bitcoin can reach a resistance level and then rebound down to the trend line, which is the support line of the wedge. For this case, I set my target at 54200 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
2
Bitcoin can turn around and start to grow to resistance levelHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price a not long time ago rebounded from the current resistance level, which coincided with the resistance area and tried to rise, but failed and fell back, after which at once repeated movement up and reached the 65400 resistance level. Then price made a little correction and started to decline inside the downward channel also, where later BTC rebounded from the support line and in a short time rose to the resistance line, breaking the 65400 level, which coincided with the seller zone. Price some time traded near the resistance line of the channel and later turned around and declined lower than the 65400 resistance level, breaking it one more time. After this, the price continued to decline in the channel to the current resistance level, and when BTC reached this level, the price recently broke it, thereby exiting from the downward channel too. Soon, the price declined lower than the resistance area to 56800 and now continues to decline. In my opinion, Bitcoin can make a little correction move and then start to grow to the 60800 current resistance level, which is my target also. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
BTCUSDT.1DThe daily chart for Bitcoin (BTC/USDT) illustrates a downward trend with a descending trendline that marks the resistance level (R1). Currently, Bitcoin is priced at $60,082.01, with a significant support level (S1) at $63,097.93, which it has recently broken through. The next support levels are at $59,065.59 (S2) and $56,226.29 (S3). The resistance marked by the descending trendline and the resistance level (R2) at $74,007.06 highlight areas where sellers have previously entered the market, capping upward price movements. The price failing to maintain above S1 suggests that the bearish momentum may continue. The RSI is at 36.25, which is close to being oversold, indicating that the market could potentially see a reversal or at least a temporary halt in the downward momentum if buyers step in. The MACD is below zero and shows a continuation of the bearish momentum as the histogram bars are expanding in the negative territory. For traders, monitoring the price action near the next support levels (S2 and S3) could be critical. A rebound from these levels could provide long entry opportunities, ideally with confirmation from bullish divergence in the RSI or a bullish crossover in the MACD. If the price continues to decline through these supports, it could indicate a stronger bearish trend with lower targets in view. Conversely, a break above the trendline and R1 could signal a potential reversal to bullish conditions, targeting higher resistance levels.
by MarsSignals
BITCOIN - Price can break support level inside falling channelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A not long time ago, price declined from resistance line to support line, breaking $61300 level, which coincided with support area. But soon, BTC turned around and made upward impulse to $65200 resistance level, making a fake breakout. Later price in a short time broke resistance level, which coincided with resistance area and rose to resistance line. Then price turned around and started to decline in falling channel, where BTC broke $65200 level with support line. At the moment, price continues to decline inside channel and I think Bitcoin can make a little movement up. After this, BTC can bounce from resistance line and fall to $59850 support line, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
2
HelenP. I Bitcoin can make little correction and continue growHi folks today I'm prepared for you Bitcoin analytics. A few moments ago price declined to the support level, but soon turned around and made an impulse up to the resistance zone, after which at once rebounded down, making a fake breakout of the 66500 resistance level. Price fell to the support level, which coincided with the support zone, some time traded near and later broke the 62500 level. After this movement, BTC declined to the trend line, but at once rebounded and rose higher support level, after which in a short time Bitcoin fell back to the trend line. Later price broke the 62500 support level again and continued to move up to the resistance level, and when BTC reached the 66500 level, it entered to resistance zone. Price some time traded in this area and later turned around and made impulse down, broke the 66500 level again, and soon trend line too. After this movement, the price tried to rise, but failed and in a short time declined to the support level, where a not long time ago it rebounded and started to move up. So, just now, I expect that Bitcoin will make a small movement down and then continue to grow. For this case, I set my goal at 65500 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
Bitcoin can exit from pennant, turn around, and then start riseHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some days ago reached the 68800 level, which coincided with the seller zone and soon broke it, after which continued to move up. Later, the price rose to the resistance line and then at once made a downward impulse to the support line, which coincided with the support level and buyer zone, thereby breaking the 68800 level again. Then the price started to rise to the resistance level, and when BTC reached it, the price broke it one more time and rose to the resistance line, but then Bitcoin at once bounced down to the support line, breaking the resistance level. Next, the price rebounded from the support line and made an impulse up a higher resistance level with line, breaking them, after which BTC turned around and started to decline inside a downward pennant. Inside the pennant, the price broke the 68800 level, and soon the support line too, after which Bitcoin fell lower buyer zone to the support line of the pennant, breaking the 61500 level as well. But a not long time ago price turned around and made an impulse up to the resistance line, making a fake breakout of the 61500 level, after which BTC rebounded from this line and fell to the support line. Now, the price continues to trade near this line and I think Bitcoin can exit from the pennant and decline to the support level. After this movement, the price will turn around and start to grow, therefore I set my target at the 65800 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
BITCOIN - Price can fall almost to support level and bounce upHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price started to trades in wedge, where it at once made downward impulse from resistance line to $67100 level. Soon, BTC broke this level, which coincided with resistance area, and fell to support area, after which bounced up. Price almost rose to $67100 level, after which turned around and in a short time declined to support line of wedge. But soon it bounced up and rose higher $61700 level, making fake breakout and continuing to grow to resistance line. When BTC reached this line it bounced and declined to support line and even a not long time ago exited from wedge. Now, I think Bitcoin can decline almost to support level and then bounce up to $66100 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
3
BTCUSDT.1DThe daily chart for Bitcoin (BTC/USDT) shows that Bitcoin is currently in a consolidation phase, with the price hovering around $64,406. The chart displays key resistance (R1) at $67.028.28 and subsequent resistance (R2) around the all-time high of $73,777.00. Support levels are evident at $63,097.93 (S1), $59,065.59 (S2), and a stronger historical support at $56,226.29 (S3). The RSI is neutral, hovering around 45.60, which doesn't signal an overbought or oversold market. The MACD is slightly below the signal line, indicating bearish momentum, though the histogram shows it’s lessening, which could prelude a potential reversal or stabilization. Trading strategy could focus on the breakout or bounce from these key levels. A break above R1 could indicate potential bullish momentum, while a fall below S1 might suggest further decline towards S2 or S3. As always, confirmation from other indicators and volume should be considered for a comprehensive analysis.
by MarsSignals
HelenP. I Bitcoin can break trend line and continue to declineHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart, we can see how the price broke the 71000 resistance level, which coincided with the resistance zone, and started to trades inside consolidation. In range, the price in a short time declined to the 62600 support level, which coincided with the support zone, and even later made a fake breakout, after which turned around and made impulse up. Then BTC made a correction, after which rose to a resistance level and some time traded near, trying to break it, but failed and made a correction movement. After this, Bitcoin in a short time rose to the trend line, thereby exiting from consolidation, after which it turned around and started to decline. The price broke the 71000 resistance level again and made a retest, after which the price made impulse down to the support level. Soon, BTC broke this level and declined below, but a not long time ago it turned around and made a strong impulse up, breaking the 62600 level and recent trend line. Just now, Bitcoin continues to trades near the trend line and I expect that the price can continue to decline to a support level, breaking the trend line again. For this case, I set my target at the 62600 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
BITCOIN - Price can make little movement up and then start fallHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price bounced from resistance area and made a little movement up, after which started to decline in falling channel. In channel, BTC first fell below $69250 level, but soon backed up and later reached resistance line. Soon, price turned around and made downward impulse to $61400 support level, thereby breaking $69250 level. Next, BTC bounced from support level, which coincided with support area, and rose a little up but soon fell back. Also, price made fake breakout of $61400 level, after which turned around and started to move up. Now, I think that Bitcoin can reach resistance line of channel and then start to decline to $61400 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
1
HelenP. I Bitcoin can rebound up from trend line to $66000Hi folks today I'm prepared for you Bitcoin analytics. A not long time ago price reached a resistance level, which coincided with the resistance zone, but at once rebounded and made little correction. Later BTC turned around and in a short time rose to the trend line, thereby breaking the 69400 level, but soon price turned around and declined to the resistance zone. Price even fell below the 69400 level, but later it turned around and made impulse up higher than resistance level and trend line breaking them. But later Bitcoin made a strong impulse down, breaking the resistance level with the trend line one more time and declining to the support level, which coincided with the support zone. After this, the price tried to rise and even rose almost to the trend line, after which it turned around and made an impulse down again below the 61700 support level. Then price started to rise and in a short time rose to the trend line, breaking the support level again, and recently BTC broke the trend line too, but then started to decline. Now, I expect that BTC will decline to the trend line and then rebound up, therefore I set my target at 66000 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
BTCUSDT.4HIn this technical analysis of the BTC/USDT 4-hour chart, we see that Bitcoin has been trading within a defined range, showcasing key resistance (R) and support (S) levels. The price is currently hovering around R1 at $64,257.65, with immediate support (S1) at $59,065.59. A bearish trend was evident as the price made lower highs, confirmed by the Relative Strength Index (RSI) lingering below the 50 mark, indicating that the bears have had the upper hand recently. The histogram on the Moving Average Convergence Divergence (MACD) is in the negative territory, which further supports the bearish sentiment. The RSI is close to the oversold region, which could imply a potential reversal or at least a temporary pullback. Traders might be watching for a break above R1 as a sign of bullish momentum, potentially aiming for R2 at $67,100.77 and the high pivot at $73,777.00. Conversely, a break below S1 may lead to further decline towards S2 at $56,226.29. It’s worth noting that the RSI and MACD are just two indicators, and they should be used in conjunction with other technical analysis tools and fundamental analysis for a more comprehensive trading strategy. This analysis is based on current chart patterns and indicators, and the crypto market is known for its volatility, so I would keep an eye out for any news or events that could impact market sentiment.
Long
by MarsSignals
🔥 Bitcoin In Area Of DANGER: Macro Signal! 🚨In this analysis I want to take a look at one of my more popular indicators; Bitcoin's Logarithmic Price Bands. In case you want to know more about this indicator, please check out the link on the bottom of this post. Back in March I made an analysis with the same title, where I argued that Bitcoin had entered an area of danger (the yellow mid band of the indicator). The yellow band has historically proven to be a strong resistance. With BTC retesting the bottom support of the yellow band there's a serious risk of BTC falling through, resulting in further selling. It's too early to tell whether BTC will correct all the way back to the green band, like last cycle. Nevertheless, the indicator has again proven to offer significant long-term trading opportunities. How low do you think that BTC will go? Happy to hear your thoughts 🙏
INDEX:BTCUSDShort
by FieryTrading
2
HelenP. I Bitcoin can correct to support level and start to riseHi folks today I'm prepared for you Bitcoin analytics. Some days ago price reached the 70000 resistance level, which coincided with the resistance zone, but at once turned around and in a short time declined to the 62000 support level and even lower support zone, reaching the trend line. After this, BTC soon rebounded up, breaking the support level again, and tried to rise, but failed and fell back, after which turned around and started to trades in the wedge. Inside this pattern, Bitcoin rose to a resistance level and even later entered to resistance zone. where the price some time traded and then declined to the trend line. Later, the price rebounded from this line and made a strong impulse up to the resistance line of the wedge, thereby breaking the resistance level again. But soon, BTC turned around and in a short time backed up to the trend line breaking the 70000 level one more time. Soon, price broke this line too, exiting from wedge pattern, and then declined to the support level, which at the moment still trades close. So, in my mind, Bitcoin will decline to support level again and then start to move up, therefore I set my target at the 66000 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
BITCOIN - Price can break resistance line and rise to $70900Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some time ago price broke support level, which coincided with support area, and later started to rise in wedge. In this pattern, BTC quickly rose to resistance line, thereby breaking $70900 level, but then price turned around. Soon, price broke $70900 one more time and exited from wedge, after which it fell lower $62600 level. Later Bitcoin bounced up from support line and rose to $70900 level, where some time traded and then little decline. After this, price rose to resistance area, breaking resistance line, but recently BTC made downward impulse. Now, price trades below support line and I think Bitcoin can fall little and then continue to rise to $70900 level, breaking this line. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2