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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Bitcoin ( BTC ) remained above $22,000 on Wednesday, with traders continuing to digest the latest inflation report in the United States. Following a low of $21,632.39 on Tuesday, BTC/USD rallied to an intraday peak of $22,293.14 earlier today. Today’s move pushes the world’s largest cryptocurrency back toward a key resistance level of $22,500. Looking at the chart, the 14-day relative strength index (RSI) also appears to be edging closer to a ceiling of its own at 60.00 As of writing, price strength is currently at a reading of 51.96, which is its strongest point in the last seven days. Should this momentum be maintained, there is a strong possibility that BTC could not only break $22,500 but could also collide with the $23,000 mark. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Bitcoin ( BTC ) continued to trade close to a multi-week low on Monday, as market sentiment remained bearish ahead of the upcoming U.S. inflation report. Following a high of $22,060.99 on Sunday, BTC/USD dropped to an intraday low of $21,539.50 to start the week. As a result of the decline, bitcoin remains close to its lowest point since January 20, which is the last time prices were under $21,000. Looking at the chart, today’s move comes as the 14-day relative strength index (RSI) maintains its proximity to a support point at 44.00. At the time of writing, the index is currently tracking at 45.80, with a resistance level of 50.00 an ideal target for remaining bulls. Should this target be captured, bulls could extend this rally, and move to regain market momentum. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
Long BTC/USD WeeklyThe long-term analysis of the weekly trend of Bitcoin indicates that BTC/USD is likely to remain bullish in 2023. This is primarily due to the fact that the cryptocurrency has been trading in a strong uptrend since the end of 2020, with weekly closing prices setting all-time highs on a regular basis. This trend is likely to continue in the near future due to the increased demand for Bitcoin as more people become interested in investing in the digital asset. Additionally, the increasing institutional demand for Bitcoin is also driving the price higher. The increasing demand for Bitcoin is being driven by several factors, including the increasing demand for safe-haven assets due to macroeconomic uncertainty, the increasing use of Bitcoin in payment transactions, and its increasing adoption as a store of value. Additionally, the increasing number of companies accepting Bitcoin as a form of payment is also contributing to its increasing popularity. All of these factors are likely to continue to drive demand for Bitcoin in the long run, which is likely to support its bullish trend in the near future. Furthermore, the increasing availability of Bitcoin derivatives and futures products is likely to contribute to its long-term bullish trend. These products allow investors to gain exposure to Bitcoin without actually buying the cryptocurrency, which further increases its demand. Additionally, the increasing number of Bitcoin ATMs and digital wallets also make it easier for people to buy and sell Bitcoin, further increasing its demand. Overall, the long-term analysis of Bitcoin's weekly trend suggests that the BTC/USD pair is likely to remain bullish in 2023. This is due to the increasing demand for Bitcoin driven by the increasing use of the cryptocurrency in payment transactions, its increasing use as a store of value, and the increasing availability of derivatives and futures products. All of these factors are likely to support the long-term bullish trend of the BTC/USD pair.
BITSTAMP:BTCUSDLong
by Novchron
BTC/USDT analysis. Is BTC bouncing backBTC and most of the crypto coins have suffered huge loss yesterday. Many major cryptos had been forming up bearish channels and now here is the result (BTC bearish channel shown with dotted lines). But BTC seems like it is bouncing on support level which is shown here. As I see it has potential to bounce back and form up massive bullish trend. If it does, this year might bring massive gains for crypto holders. But of course, breaking belove support level and continue to lose value is possible, due to DXY (Dollar currency Index) bullish patterns and S&P500's outcome. Hope you liked my idea and good luck!
Long
by RichM4NNN
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Bitcoin ( BTC ) extended recent declines on Friday, with prices falling below the $22,000 mark for the first time in several weeks. BTC/USD fell to an intraday low of $21,754.13 earlier today, which comes less than 24 hours after trading at $22,770.22. As a result of this drop, bitcoin moved to its weakest point since January 20, when the price bottomed at $20,865. From the chart, the sell-off took place following a break out of a resistance level at $22,500, which had mostly held firm since late January. In addition to this, the 14-day relative strength index(RSI) also dropped, falling to its lowest point in over a month. After weeks in overbought territory, price strength has started to subside, which could act as a long-term positive for bulls, whose next target will likely be $25,000. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Bitcoin ( BTC ) slipped to a two-week low on Thursday, with prices falling below $23,000. Following a high of $23,191.32 on hump day, BTC/USD plunged to an intraday low of $22,458.26 in today’s session. The decline sent bitcoin to its lowest level since January 26, as prices broke out of a critical support point at $22,500. As can be seen from the chart, the sell-off came as the 14-day relative strength index (RSI) fell to a one-month low, after moving below a floor of its own. The index is currently tracking at 56.50, which is marginally under its recent support level of 58.00 mark. Since this bottom, bulls have moved to buy the dip, with BTC now trading at $22,540..04, as of writing. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Bitcoin ( BTC ) Bitcoin (BTC) moved higher on Wednesday, following comments from Federal Reserve Chair Jerome Powell. Speaking yesterday, Powell stated, “The reality is we’re going to react to the data. So if we continue to get, for example, strong labor market reports or higher inflation reports, it may well be the case that we have to do more and raise rates more than is priced in.” BTC/USD rose to an intraday high of $23,367.96 earlier today, less than 24 hours after hitting a low of $22,781.95. Looking at the chart, the move pushed bitcoin to its strongest point in four days and came as the 14-day relative strength index (RSI) ran into a ceiling. The index rose to a ceiling at 65.00, however, momentum was not strong enough to break out of this point. As of writing, the index is tracking at 62.92, with BTC falling from earlier highs, and currently trading at $23,195.36. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
1
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Bitcoin ( BTC ) rebounded from Monday’s lows in today’s session, with prices racing back above the $23,000 level. Following a low of $22,692.03 to start the week, BTC/USD raced to an intraday high of $23,119.28 earlier in the day. The move comes as bitcoin bulls rejected a move towards a long-term support point at $22,500, and instead bought the dip. Looking at the chart, today’s rebound sees BTC snap a five-day losing streak, which came following a six-month high last Thursday. Tuesday’s reversal also coincided with the 14-day relative strength index (RSI) bouncing from a floor of its own at 60.00. As of writing, the index is tracking at 62.04 and seems to be on course to collide with a ceiling of 68.00. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
2
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Bitcoin ( BTC ) started the week falling to a seven-day low, as market sentiment began to shift downwards. BTC/USD has now fallen lower for five straight sessions, with today’s decline taking prices to a bottom of $22,734.48. This drop saw bitcoin hit its weakest point since January 30, when prices were trading at a floor of $22,500. Looking at the chart, the world’s largest cryptocurrency appears to be heading toward this point of support again. Recent declines in BTC have come as the 14-day relative strength index (RSI) broke out of a floor at 68.00. It is now tracking at 61.15. This is the lowest reading for the index in nearly a month and comes following an extended streak in overbought territory. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563