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Btc-usdt

RLinda ! BTCUSD-> The coin went into consolidation. What's next?Bitcoin tests the high of 28868 and forms a correction, thereby presumably defining local resistance to the uptrend. The coin is in consolidation and let's try to figure out what to expect next Geopolitical uncertainty and the ongoing banking crisis are factors contributing to Bitcoin's growing appeal as an alternative investment. The flagship cryptocurrency is increasingly separated from traditional financial markets, making it an attractive hedge against potential future crises. In times of global banking panic and financial turmoil, Bitcoin offers a level of security and control as people can keep the asset in their hardware wallets. The Fed's rate hike and a number of other economic fundamentals have had a bullish effect on the price, as the potential for global factors in the global economy affect BTC more strongly. Also what is worth paying attention to: -Historically, there is a positive correlation between changes in M2 money supply growth in the U.S. and the bitcoin exchange rate (most likely the reason for this is inflows into BTC due to the banking crisis) -CNBC writes that crypto industry insiders remain bullish on BTC -A new "supercycle" may be starting in BTC. Cryptocurrency now behaves stronger than many commodities and gold - Bloomberg Intelligence chief strategist -Tether has printed another 1 billion. In terms of technical analysis we have the following situation: Bitcoin is most likely in an upward price channel. The price is testing the resistance of the uptrend range(confirms it) The tested level of 28654 is currently a strong resistance area, which may stop the price growth for some time. On the local chart, an upward triangle is forming (horizontal resistance 28390 and an upward support line starting in mid-January). Price is in consolidation within this range. A breakout of the support could drop the price to the liquidity zone of 24800-25000. But a breakout of the triangle resistance would send price to the retest of the 30000 and 31460 (liquidity zone) Moving averages are acting as support Currently, bitcoin is approaching the Fibo level of 0.236 (26700) - this level may affect the price (bullish), the next one is 0.382 at 25347, it is not considered at the moment) Short-term outlook - consolidation, or technical rollback to the middle of the range, but medium and long-term outlook looks bullish: 30000, 31460, 35000, 40000 Regards R. Linda!
by RLinda
31
BITCOIN - A CLEAR BEARISH HEAD AND SHOULDERS Hello friends, It was already some time since my last published idea, so here is a fresh one! You can see here that a head shoulder formation has formed on this 3-day chart The neckline is immediately a crucial point. We have a divergence with the volume and price as you can see. There are also divergences on several other oscillators. A picture say more that a thousand words, so you see it all in the chart The price target for now is USD 10,000 for Bitcoin, and the key here is of course patience. The interest rate hikes are far from done and the macroeconomic looks very bad. The war also seems to be escalating, and there are other tensions in the world as well. E.g. China/ US, Israel and Iran. Food prices continue to rise. Food prices continue to rise violently. In short, we see everywhere malaise. My idea is that the Euro and the Dollar are being extremely manipulated, but also the markets in general, by central banks. Stock prices are way too high compared to what is happening in the world, and normally there will be a sharp correction on that. The SP-500 will my idea quite soon go on the downward path again. Happy trading and good luck! Disclaimer This is my view, no advice to buy or sell. Also, always do your own research! --->> Dear friends, please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
INDEX:BTCUSD
by PegasusTechCharts
53
🔥 Bitcoin On Fire After FOMC: Bottom Is In!Recently I've been talking a lot about Bitcoin and my expectation it's following some kind of Elliot Wave pattern since January. In my most recent analysis I said that I expected the 4th wave to bottom between $26,5k - $25k. BTC bottomed around $26,6k, close enough! In my eyes, the bottom is in and we're likely going to continue our way up. Remember that the day after the FOMC meeting is generally the day of the "real" reaction to the meeting, as opposed to the immediate reaction after the new interest rates get announced. In the short-term, I'm looking at $28,5k and $29k as my targets. In the longer-term, there's an argument to be made that we can reach well over $35k, as per my Elliot Wave analysis above.
Long
by FieryTrading
15