Btcforecast
BTC / USD - Update - (Interval 8H/W)Bearish candlestick played out and price tested the support with a wick and bounced back. So far it is following our price projection but weekly closure was with long upper shadow candlestick pattern so we may possibly test $36.7k and $35.9k support in coming days, We are seeing a bounce as according to our projection because 4H chart oscillators are way over-sold afterwards we will dump back from $39.5k-$40k levels which are strong resistances at the moment.
BTC/USD: Russia to Regulate Crypto, Dispelling Fears of Ban. It seems a bit unethical that BTC is falling during the Russia-Ukraine war. Cryptocurrencies history says it might be supported during crises like USD because there is a similar movement we found before like USD.
But this time, the BTC isn't getting benefits like USD. But very soon, we may see a big buy as Russia to Regulate Crypto, Dispelling Fears of Ban.
The government's plan to license exchanges and tax large transactions has the central bank's support, which previously wanted to outlaw mining and trading.
As SWIFT bans many Russian banks, there is a chance that Russia may rush to cryptocurrency, especially to the crypto king BTC and Chinese SIIPS.
Mexico already accepts BTC as payment, and El Salvador makes BTC their national currency. Many countries may jump to BTC to avoid economic sanctions seeing Russia.
Technically $37000/34000 is a support zone. So, I am expecting a pullback from the strong and trendline support zone.
$45500/45800 has created a strong resistance zone. Several times BTC was unable to break above the strong resistance zone. So, if BTC pulls back from the support zone, our first target should not be above the $45800 price zone.
We may see a long-term bullish trend only after breaking above the strong resistance level of the $45800/46000 price zone.
BTC / USDT Before analyzing, please do not forget to like and follow me
In this analysis, we examine bitcoin in weekly timeframes
As you can see, we have identified important levels
These levels are equal to Fibonacci levels
And most importantly, we are seeing the average price of the last 20 weeks approach the last 50 weeks
If bitcoin is rejected from the $ 45,000 area.
We're waiting for the $ 36,000 and $ 30,000 area reactions to reconsider the situation at that time.
Good Luck..
BTCUSDTI know that nobody expect BTC to move up at least while there is a war going on But I personally believe that BTC is about to grow but we can not expect it to pump.
Therefore we can go long and put the stop loss level at around 38050.61 and we may expect a harmonic pattern which is a butterfly so we could put our first tp at around 39793.03 and since the price has touched the the lower line of the pitchfork we could expect it to move to the mid line.
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what is your idea about BTC?
According to Bitcoin analysis,it can have a target of 75k to 85kMy opinion as an analyst is that currently Bitcoin will fall to around thirty-three thousand dollars and will get energy, then in the first part it will have a growth up to around fifty to fifty-five thousand dollars, and again because it can not cross that point. The fall will be around the price of forty-five dollars and then at that point, with the formation of an inverted head and shoulder, it will move strongly towards the second target and break the first target, the second target can be around seventy-five thousand and above around eighty And five thousand dollars.
This is my opinion and it can be wrong. Please do not buy or sell on this analysis.
Bearish Bat on 4H chart of BTCWe have a bearish bat pattern and this is a worrying factor, Invalidation of this pattern will be $47,348. If you look at geopolitical issues, They seem to be escalating rather de-escalating so this can certainly effect the global financial markets. We do have news that in Russia people are buying BTC by paying premium of over $20k which is a bullish factor whereas recent remarks of FED chair Powell regarding crypto were not good plus he's inclined to impose 0.25% interest rate hike in March so these factors can have a negative impact on crypto. We are bullish on BTC at invalidation point of bat
BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick BTC /USDT 4hour analysis in the chart
I have tried my best to bring the best possible outcome in this chart.
As our btc last update got invalid,
According to current scenario if btc holds $38800 to $39800 range then we hope for a bounce from this range.
If Btc brakes $38800 support and touches the $38200 marke then this chart will be invalidate.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
BTC testing Pitch fork support on DailyBTC / USD (Interval 1D)
BTC was unable to break crucial resistance of $45.8k and now its breaking down towards $39.7k support which is also a pitchfork support, Technically it should rebound from here towards $44k but if unable to hold then we can see price action towards $36k-$37k which is pitchfork support. Stochastic on daily is giving sell signal whereas on 4H its in over-sold territory so we can possibly see a relief rally due to stochastic towards $42k before going further down. We have weekend coming so bears are saying what anonymous says "Expect us" :)
Bitcoin fundamental thesis. can go parabolic! In the Russia-Ukraine war Bitcoin proved its use case!
it is fast and cheap to send anywhere in the world and helps you in time of crisis and desperate situations like war or extreme inflation.
I wrote you in this article that russian oligarchs are buying it too:
The Ukrainian government have raised $54.7 million in cryptoasset donations since the start of the Russian invasion.
$5.8 million donation by Polkadot founder Gavin Wood and a CryptoPunk NFT worth over $200,000.
My price target for Bitcoin by the end of the year is 100K.
Looking forward to read your opinion about it.
BTC/USDT 1HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick BTC/USDT 1hour analysis in the chart
I have tried my best to bring the best possible outcome in this chart.
Hello friends welcome to bitcoin update as i am watching bitcoin 1hour if btc bounces from above trend line then we can turn btc bullish but break down train line and btc we can consider bearish which is a power up to $41900k.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSWelcome to this quick BTC/USDT 1day analysis in the chart
I have tried my best to bring the best possible outcome in this chart.
Hello folks,
BTC is likely to retest the $42k level and continue its uptrend till 52k. Looks like there's a power for $42k retest from here
When that happens, we'll measure that in the next chart.
I was Bullish at $36800K, I was Bullish at $40500K, BTC is taking Bullish movement from here
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
Will Bitcoin Rise?: Mexico is Going to Accept Bitcoin.Bitcoin is losing its value one more time. Today bitcoin lost its value more than 5% than yesterday, and it has been dropping eight days in a row.
I have said many times that cryptos are not safe-haven at all and won't the safe-haven assets in the future for many reasons. However, BTC mainly follows the USD when a crisis exists.
The total capitalization of the crypto market, according to CoinMarketCap, decreased by 10% over the day, to $1.40 trillion. That isn't good, but there is good news comes also. Mexico is Going to Accept Bitcoin. So, it may find some support from this news.
At the moment, we see that cryptocurrencies are selling stronger than developed world stocks (although not as extreme as Russian ones), confirming the risky nature of these assets and how they are not a replacement for gold.
Now another country besides El Salvador may accept bitcoin as a means of payment. Senator Indira Kempis is developing a bill on cryptocurrencies and intends to convince the Mexican government to follow the "Salvadorian scenario" by recognizing BTC as a means of payment.
So, We have some good reason to invest in BTC, and it may pull back to the upside by this news.
BTC is currently testing its minor trendline support zone of $34500. And BTC s strong support is at $30000.
So, as long as BTC is above $30000, there is hope that BTC has chances to go upside again.
BTC Buy ZOne: 34500/32000 ( Trendline Support Zone)
Stop-loss should be below $30000 ( Strong Support Zone and BTC prices retraced many times from the support zone)
!st target to the upside is $45000.
So, keep watching and always connect with me by liking, commenting, and sharing.
Bitcoin is waiting to break its critical resistance zone. Bitcoin is hovering near its strong resistance level of the $45800 price zone. Several times BTC dropped from this resistance level. So, breaking above the $45800 price zone, BTC may increase. I am still bullish in BTC and waiting to break above the resistance zone.
Breaking above $45800, I will go for more buy. 1st target is $52000, the next target is $59800, and the final target to the upside is the $71900 price zone with the stop loss below the trendline support level.
BTC Descending Broadening Wedge BULLISHBTC is making a descending broadening wedge, We might see some retracement within the wedge if $39.5k level is not reclaimed. Technical target of the wedge is $51.2k. We do have a :bat: pattern in play on a daily chart and TP3 of that pattern is $42k plus on 12H chart MACD has turned bullish so its suffice to say that all of these indicators are in confluence with current analysis.
Target (1) $47,000 Target (2) $57,000 I'm already actively trading this. The dollar is going to go down (for obvious reasons IMO and people will be scrambling for a places to put their money. Gold and silver look like they are going to trade sideways for a bit so that plus the T.A tells me to expect a massive rip to the upside possibly to create a second shoulder...
I chose the weekly but the daily looks bullish as well.
Good luck everyone sending you all love and light.
Bullish Bat Pattern on a Daily ChartBTC is making a bullish pattern on a daily chart. Everything is self-explanatory so if this plays out then we will reclaim $40k level in coming days, Invalidation of this pattern will be $34k level. We do have geopolitical issues going on which has a negative impact across all financial markets except USD, GOLD and OIL. Only short-term bullish factor I see for now is this pattern and CME gap at $40k.