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BTC/USDT 1DAY CHART UPDATE !!Bitcoin (BTC) Analysis Brief Update. The Bitcoin chart displays a recent uptrend with a breakout above the previous resistance area, represented by the yellow horizontal line. Around $70,000, as marked by the dashed orange line. The yellow-shaded area has been tested multiple times and is now a crucial support level. The 21-day moving average (yellow line) and the 100-day moving average (purple line) indicate a bullish crossover, a positive sign for upward momentum. The breakout and subsequent retest above the resistance area suggest the continuation of the uptrend. The bullish crossover of the moving averages and the current price staying above both MAs confirm the bullish The next crucial resistance lies around the $70,000 mark. If the price sustains above the current support zone, it may test this level soon. A drop below the support zone and moving averages may lead to a possible retest of lower support levels around $60,000. Bitcoin is currently in bullish momentum, with strong support and positive indicators suggesting further upward movement. However, traders should monitor any signs of reversal or breakdown below key support levels to manage risk effectively. Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
Long
by CryptoSanders9563
BTC/USDT 4-HOUR CHART ANALIYSIS !!Bitcoin (BTC) Price Update As of the latest analysis, Bitcoin (BTC) shows strong bullish momentum. The price is currently at $64,861.99, and several key technical indicators suggest a positive outlook: 21-Day Moving Average: The BTC price is trading above the 21-day moving average, which is at $63,491.98. This indicates short-term bullish momentum. The price has bounced off the support zone between $62,000 and $64,000, which has held strong, suggesting robust buying interest at these levels. The next significant resistance is around the $70,000 level, as indicated by the orange dashed line. BTC has broken out of the downward channel and retested the breakout zone. This retest and subsequent hold above this zone confirm the bullish breakout. The price is well above the 50-day and 200-day moving averages, reinforcing the long-term bullish trend. If BTC continues to hold above the current support zone and gains momentum, we could see a move toward $70,000 and potentially higher in the coming weeks. If BTC fails to hold above the $62,000 - $64,000 support zone, we might see a retracement to the next support around $60,000. Bitcoin's technical indicators and recent price action suggest continuing the bullish trend, with potential upside targets above $70,000. Traders should keep an eye on the support and resistance levels and adjust their strategies accordingly. Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
Long
by CryptoSanders9563
BTC/USD is going to start a new downward move(7/16/2024)BTC had some retracement to 65k after a dramatic drop from 72k to 53.5k. Right now the price made a bearish engulfing candle in 8hr TF under a multiple resistance zone. If the price makes a new lower high, probably the price will go down under 53.5k. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Short
by fortunamarkets
BTC/USDT 4HOUR CHART ANALIYSIS !!Bitcoin has shown significant strength, breaking through the crucial resistance level of around $61,000. Currently trading at $62,617.12, BTC is nearing the next major resistance at $63,000, as indicated by the yellow horizontal line on the chart. Uptrend: Bitcoin's price is above the ascending trendline, suggesting a continuation of the bullish trend. Volume: The recent breakout is accompanied by strong volume, reinforcing the bullish sentiment. Technical Indicators: The 200-period moving average (green line) is above the price, which could act as a dynamic resistance level. Ichimoku Cloud: Provides support below the current price, indicating potential bullish support in case of a pullback. Price Action: A sustained move above $63,000 could lead to further upside targets at $64,500 and $66,000. Support Retest: If the price fails to maintain above $63,000, look for support at $61,000 and $60,000. A break below $60,000 could indicate a potential reversal. Recommendations: Look for high-volume breakouts above $63,000 to confirm the next leg up. Watch for any rejection around $63,000 or a breakdown below $60,000 to consider short positions. Bitcoin is currently at a crucial juncture, and traders should closely monitor the price action around the key resistance and support levels. Staying alert to high-volume moves and confirmation signals will help anticipate the next significant move for BTC. Monitor the broader market conditions and sentiment to align with Bitcoin's price action.
Long
by CryptoSanders9563
BTC/USDT 4HOUR CHART ANALIYSIS !!#BTC/USDT Analysis Bitcoin is currently at a critical juncture within an ascending triangle pattern. The price is facing resistance at the horizontal level but is supported by the Ichimoku cloud, suggesting the potential for a bounce. Resistance: $58,000, $59,200, $60,800 Support: $56,900, $55,800 – $56,200, $54,600, $52,940 Look for a sustained move above $58,000 with high volumes. Bearish Confirmation: A drop below $56,900 would indicate the possibility of further downside. Traders should monitor the price action closely for a breakout or breakdown to determine the next significant move. Stay alert for high-volume moves and confirmation signals to anticipate BTC's future direction.1 Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
Long
by CryptoSanders9563
BTC/USDT 4HOUR CHART ANALIYSIS !!!BTC/USDT Brief Update Price: $58,159.99 Immediate support around $56,900. Key support areas include $55,800 – $56,200 and $54,600. Key support level at $52,940. Immediate resistance at $58,000. Higher resistance levels at $59,200 and $60,800. BTC is trading above a crucial support trendline, indicating bullish potential. The yellow trendlines mark key support and resistance levels. There is a confluence of support levels around $56,900. A sustained move above $58,000 could point to further potential upside. Key targets would be $59,200 and $60,800. The green path on the chart indicates a potential bullish rally. A breakdown below $56,900 could lead to a decline towards $55,800 – $56,200. Support levels to watch further are $54,600 and $52,940. The highlighted area around $55,800 – $56,200 remains crucial to maintain the bullish structure. Watch out for a breakout above $58,000 or a breakdown below $56,900. Resistance: $58,000, $59,200, $60,800 Support: $56,900, $55,800 – $56,200, $54,600, $52,940 Recommendations: Bullish confirmation: Look for a sustained move above $58,000 with high volumes. Bearish confirmation: A drop below $56,900 would indicate the possibility of further downside. Stay alert for high-volume moves and confirmation signals to determine the next trading direction.
Long
by CryptoSanders9563
BTC/USDT 1HOUR CHART UPDATE !!Bitcoin (BTC) is currently trading at $56,900.00 against Tether (USDT) on Binance, showing a slight decline of -0.02%. BTC is currently trading above a crucial support trendline. The yellow trendlines indicate key support and resistance levels. There is a highlighted support zone between $55,800 and $56,200 (orange oval). This zone is crucial for maintaining the current bullish structure. Resistance Levels: Immediate resistance is around $57,200. Higher resistance levels are at $58,000 and $59,600. BTC is expected to test the support zone around $55,800 – $56,200. A successful rebound off this zone could lead to a bullish rally towards $58,000 and above. If BTC maintains the support zone around $55,800 – $56,200, a bullish reversal is expected. The main targets will be $57,200, $58,000, and eventually $59,600. A breakdown below the support zone could lead to further declines. The main support levels below this zone will be $54,600 and $53,800. BTC is testing a crucial support zone around $55,800 – $56,200. Keep an eye on a comeback from this support zone or a break below it. Resistance: $57,200, $58,000, $59,600. Support: $55,800, $54,600, $53,800. Keep an eye on high-volume moves to confirm the next direction. This will give a clear indication of whether the price will move higher or lower.
by CryptoSanders9563
BTCTechnical analysis of Bitcoin (BTC) against Tether (USDT) on a daily timeframe: 1. Main Bullish Trend: The chart shows a long-term bullish trend line starting from the lower left corner and extending upwards. This line has been acting as a support level for Bitcoin's price. 2. Double Top Pattern: A double top pattern is identified near the upper middle section of the chart. This pattern usually indicates a potential reversal from a bullish trend to a bearish trend. The double top resistance level is marked around the $69,000 - $70,000 range. 3. Resistance Areas: Two main resistance areas are marked on the chart: Around $60,364.70 to $59,005.00. 4. Support Levels: Two main support levels are indicated: Around $52,000.00 5. Demand Zone: A demand zone is highlighted around the $40,555.00 to $39,452.67 range. This area has historically acted as a strong support level where buyers are likely to step in. 6. Correction Zone: A potential correction zone is marked between the Fibonacci correction levels of $42,700.00 and $38,600.00. This suggests that if the price breaks below the current support levels, it could find support in this correction zone. 7. Cycle End and Start: The chart indicates the end of a cycle at $73,777.00 and the start of a new cycle at $26,900.00. This suggests that the analyst expects the price to eventually move towards these levels. 8. Current Price Movement: The price is currently around $56,457.99 and is just below the resistance areas. The green arrow suggests a potential downward move towards the correction zone if the price fails to break above the resistance levels. The price expected to go to the correction zone at the end of it is Sycle. Bitcoin Dominance (BTC.D) Analysis Chart Summary: • Timeframe: 1M (Monthly) • Current Dominance: 54.84% • Resistance Levels: Near 57.03% • Correction Zone: Between 47.94% and 45.79% • Support Level: Around 38.84% Key Observations: 1. Current Trend: Bitcoin dominance has been in an upward trend but has recently shown signs of potential reversal. 2. Correction Indicated: The chart suggests a potential correction in Bitcoin dominance, aiming for the zone between 47.94% and 45.79%. 3. Cycle End and Start: The dominance is nearing the end of its current cycle around 57.03%, with a possible cycle start anticipated near 38.84%. 4. Green Arrow: The green arrow indicates a projected decline towards the correction zone. USDT Dominance (USDT.D) Analysis: Key Observations: 1. Current Trend: USDT dominance is currently at 5.52% and has shown signs of potential increase. 2. Resistance and Support Levels: Resistance at 6.61% Support at 3.79% 3. Projected Path: The chart suggests a potential rise towards the resistance level followed by a decline towards the support level. Final Market move according to the below chart : Summary: • The chart indicates a potential bearish outlook in the short term due to the double top pattern and the failure to break above resistance levels. • If the price fails to hold the support levels around $52,000 and $50,900, it may move down towards the correction zone between $42,700 and $38,600. • The long-term bullish trend remains intact unless the price breaks significantly below the main bullish trend line. • Alts will be stable while the BTC correction including it is dominance. • Alts will increase when USDT dominance will get to the correction level . I hope this analysis will help. thanks
Short
by Tdawly_Official
BTC Bearish Pattern in Weekly ChartAfter a long time, BTC has been dropped with weekly candle below bottom line of Pi cycle average line. This is a bearish pattern based on the history. Now resistance is around 65000. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
INDEX:BTCUSDShort
by rukshan2102
BTC - RSI in TROUBLE for SHORT TERM Continuing this long standing analysis on Bitcoin since I first pointed out the danger of an M-Pattern forming: The Weekly RSI has dropped under 50 , which is bearish for the time being (until the RSI gets back above 50). However, this alone does NOT mean we're back in a bearish cycle. Watch the video to see the conditions. Previously, we were discussing the likelihood of a 20% retracement: To clarify - I still think it's likely for Bitcoin to see another ATH this year. But, as I pointed out in the fractal, it could be a multi-month playout. ___________________________ BINANCE:BTCUSDT
Short
by CryptoCheck-
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Hello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. The chart suggests a bearish outlook in the short term due to the breakdown below the trendline and the formation of a head and shoulders pattern. The next key support level to watch is around $52,408.76. If the price bounces from this level, it could indicate a potential reversal or consolidation phase. However, if it breaks below this support, further downside could be expected. Feel free to ask for a more detailed analysis or additional charts! Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
Long
by CryptoSanders9563
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Hello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. The daily candle is still at the support level of $58.300k, which is a positive sign for Bitcoin price stability. This support level is important, and staying above it shows that the bulls are still in control. If we break this support level, we will likely enter the $57k range, which indicates further bearish moves. The $60k support level is a crucial range that traders and investors are closely monitoring. For now, the $58.300k support remains strong. As long as BTC does not fall below the $58k support on the daily timeframe, a rebound is likely. This means that as long as the price stays above this level, there is a good chance of a bullish recovery. $58,000 is the main support level. Current price: $58.888. If the support breaks, the price could drop to the $57k range. As long as the $ 58k support is not broken. Do your own research before investing. Trade safely. Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
Long
by CryptoSanders9563
1
BTC to 53k?As we know BINANCE:BTCUSDT couldn't break old High which is at 73750, now trading at 61k. I was focusing at 61k-63k range to look LONG-FUTURES trade but looks like BINANCE:BTCUSDT is shifted other way and much possible to check 53k area. There is a valid Order Block zone between 57k-59.5k. But as I mentioned earlier BINANCE:BTCUSDT more likely to hit 53k in coming days. Don't worry even BINANCE:BTCUSDT hit 53k we are still in bull market! I will consider LONG-FUTURES trade around 53k. Will do update on entry and take profits!
Short
by terayu
BTC.USDT 1DAY CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Hello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. Look for a confirmed breakout above the resistance trendline and Ichimoku Cloud. If the breakout is confirmed by high volume and supportive indicators, consider a long position. For a bearish breakout: Look for a break below the support trendline of the triangle and Ichimoku Cloud. If the break is confirmed by high volume and supportive indicators, consider a short position. Summary Bitcoin is at a critical juncture, facing resistance from the symmetrical triangle and the Ichimoku Cloud. A confirmed breakout above these resistances could signal a strong bullish trend, while a break below the support trendline and Ichimoku Cloud would signal a bearish trend. Closely monitoring key levels and indicators will provide the signals needed to make informed trading decisions. Would you like more information on specific entry and exit points or additional analysis on related factors? Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
Long
by CryptoSanders9563
BTC FRACTAL - 20% Correction PossibleLet's do a quick recap on Bitcoin. I rediscovered a fractal from a post I made a few months ago, which compared BTC price action to NVDA price action after making an ATH. Currently, there is another Bitcoin fractal based on the M-Pattern and we take a deep dive into how far this correction could go. I'm labelling this post as "short" simply for the lack of better options. I do believe the price will correct lower, but I wouldn't take a leveraged trade so close to the a new ATH. Link to the earlier comparison with Nvidia: ___________________________ COINBASE:BTCUSD BINANCE:BTCUSDT
COINBASE:BTCUSDShort
by CryptoCheck-
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Hello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. Bitcoin has broken down the ascending trendline and is trading within the Ichimoku cloud zone. Expect downward movement and consolidation inside the ascending triangle. A breakout above the horizontal resistance could lead to significant gains. Stay tuned for further updates and analysis. Thank you! Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563
BTC/USDT 1DAY UPDATE !!#BTC/USDT Analysis Bitcoin is still trading within an ascending triangle pattern, having recently been rejected at the horizontal resistance area. The 100MA is currently providing support here. Bitcoin is within an ascending triangle pattern, a bullish formation that signals potential continuation if resistance is broken. Bitcoin was recently rejected at the horizontal resistance area within this pattern. The 100MA (100-day moving average) is providing strong support at current levels. A breakout above the resistance area with high volume would likely suggest an uptrend continuation. A breakdown below the ascending support trendline with high selling volume would likely signal a bearish reversal. If Bitcoin breaks above the resistance area with strong volume confirmation, consider entering a long position. If Bitcoin breaks below the ascending support trendline with high selling volume, consider entering a short position. Place a stop-loss order below the 100MA or recent support level for risk management. Brief Update: Bitcoin is trading within an ascending triangle pattern, supported by the 100MA and facing resistance in the horizontal zone. The next decisive move will depend on breaking above the resistance or below the support trendline, with volume providing key confirmation. Stay tuned for further updates and analysis. Thanks! What do you think after looking at the charts? Comment below.
Long
by CryptoSanders9563
2
BTC caught in Correction, heading to 64k(6/10/2024)BTC had a hard time moving upward last week, momentum was so choppy and slow, and then NFP data and 72k resistance hit the final blow and made a 3.5k drop in the price. this sharp decline in the price can push the price to lower levels like 65k and 64k and even lower. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Short
by fortunamarkets
BITCOIN CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. #BTC/USDT Analysis The crypto market has entered a strong bullish rally following the successful breakout and subsequent retest of the symmetrical triangle pattern. This rally faces horizontal resistance, a crucial level influencing short-term price movements. Symmetrical Triangle Pattern: The breakout and retest of this pattern have led to the current bullish rally. 50-Day Moving Average: This moving average is moving upwards, indicating ongoing bullish momentum and acting as a dynamic support. Resistance: Bitcoin is facing horizontal resistance. A decisive break above this level will further validate the current bullish sentiment. Support: The 50-day moving average is providing dynamic support, reinforcing the upward trend. If Bitcoin breaks above the horizontal resistance with strong volume confirmation, consider entering a long position. This move could lead to continued upward momentum and new highs. Place a stop-loss order below the 50-day moving average or recent support level to effectively manage risk. Summary: Bitcoin (BTC/USDT) is showing strong bullish momentum after the breakout and retest of the symmetrical triangle pattern. The current rally is facing horizontal resistance, which is a crucial level for short-term price movements. A decisive break above this resistance could lead to continued upward momentum and new highs, while the 50-day moving average provides dynamic support. Stay tuned for further updates and analysis. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563