TP@59000 now!"As you know, trading with GAP is the best way to profit, and the last trade in the last fifteen minutes was at 64,500, made during Bitcoin's ascent. Currently, we're seeing a decline towards 59,000, as depicted in the chart. So, we're waiting for a new trade to see if it will drop to 39 or continue its fluctuations."
Btctechnicalanalysis
Important Bitcoin UpdateBTC Update in Shorter Timeframe:
BTC is currently facing resistance at FWB:65K in both shorter and higher timeframes. As mentioned earlier, BTC must close above FWB:65K in a daily timeframe to sustain the rally. In this 8-hour TF chart, we can observe the significance of this resistance.
If BTC manages to break and close above FWB:65K , then $70k is likely, where another resistance awaits.
A rejection, on the other hand, especially in the daily TF, would be damaging to BTC and the market.
Keep an eye on the FWB:65K resistance and let's see how it unfolds.
Do your own research before making any decisions.
Trade safely.
#Cryptocurency #BTC
BTC (Bitcoin vs US Dollar) :: Super Bullish Trend Soon !!!On the monthly time frame, the RSI pattern of 2017 is repeating, which led to a great bull run.
I think it needs a monthly confirmation candle to close above the $75,000 price, in such a situation, a huge bull run in crypto could start.
At that time, the peak of 2013, i.e. $1,200, was a monthly major pivot, which in 2017 needed to form a monthly bullish candle to confirm the upward passage.
Currently, the 2021 peak of $69,000 is a major monthly pivot and a monthly bullish candlestick above $75,000 must be closed to confirm the breakout of the 2021 peak.
Bitcoin Price UpdateBTC Update:
BTC is at a crucial point of resistance. Although it bounced back from $56.5k, the danger is not yet over. The 35 EMA stands as resistance for now, and if it breaks out, then $70k could be possible.
On the other hand, a rejection will likely fold the price back to $58k-$60k.
In conclusion, the daily close above the 35 EMA will be a great move, and the daily close below it will continue the selling pressure.
This content is for educational purposes and not financial advice. So, do your research before making any decisions.
Trade safely.
BITCOIN USDBitcoin has been ranging between 60,000$ and 72,000$ for a month, in "Long" position (From now until the next three months)
In the first scenario, if the $60,000 resistance is broken, it will fall to at least $40,000 to $44,000. In the second scenario, if the $73,000 support line is crossed, it will rise to at least $95,000 to $100,000.
Currently, the best price to enter is $60,000 to $63,500 and in case of breaking the resistance line, the best price to enter is $40,000 to $44,000
Bitcoin Weekly Analysis Here's the corrected version:
BTC continues to lead in this bullish market, reaching a new all-time high. Initially, we anticipated the price to target $75,000 as an algorithmic prediction, but it fell short and stopped at $73,800, likely trapping buyers who had set psychological targets for $75,000 and $80,000. The drop in BTC is healthy after the significant gains we've witnessed in this bullish trend. It seems BTC is taking a breather, with buyers who entered around $15,000 and $30,000 now taking profits to accumulate at better prices.
Following the halving, predicting BTC's behavior becomes more uncertain, but historical data suggests BTC tends to reach new highs after halving events. From a technical analysis standpoint, we identify a sweet spot for accumulating BTC between $47,000 and $39,000. Breaking above $52,000 and closing above it on a weekly basis would likely propel the price to $47,000 and $42,000.
In terms of market dynamics, we have significant funds from the USA, and now China is also getting involved. This suggests that BTC is unlikely to drop to low prices like last time. Best of luck to everyone, and I'll provide updates if I observe any changes in the analysis.
My Formula for BTC price at halving calls for $58,990 on 4/20
My formula I works out for the previous three halvings accurately within 1% or 2% and I believe could and should continue to work for every event in the future. It called for a price of around $58,990 on day of 2024 halving. I wrote the formula in March 2022, If you want more details and proof then send me an email, my address is my profile name at G mail.
BTC (Bitcoin) Technical Analysis and Trade Idea Upon analyzing Bitcoin (BTC), we observe a persistent downtrend. Notably, the price has recently entered a crucial support zone and experienced a retracement, potentially presenting a sell opportunity.
In our video, we delve into various aspects of technical analysis, including trends, price action, and market structure. It is essential to emphasize that the content provided is solely my opinion for educational purposes. It should not be interpreted as financial advice. Trading inherently carries risks, and prudent risk management practices are paramount.
BTC Bitcoin Technical Analysis and Trade IdeaBitcoin has exhibited a bullish trend, prompting us to seek a potential buy opportunity. Presently, it has retraced to approximately 50% of the previous price swing on a 4-hour time frame. In our video analysis, we delve into trend dynamics, price action, and market structure, emphasizing key aspects of technical analysis. It is essential to note that this trade idea represents my personal opinion and should not be construed as financial advice.
Can BTC set a new record of another All-Time High?Can we witness BTC making this move?
It would be awesome if BTC closed the first quarter of 2024 with another new all-time high.
The weekly close is here, and BTC is still holding the SWB:69K support. If it continues to do so, then the chances are high for a nice bullish rally.
Blessed Good Friday!