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$BTC Lost $40k Support Level Today, Key Price Targets To MonitorCRYPTOCAP:BTC has traded sideways within a range with resistance at the white resistance zone (around $44k) and support in the green support zone around $40k. CRYPTOCAP:BTC has lost support at $40k and is at risk of a steep drop. Altcoins will get wrecked here too. Price levels on the way down: - The white trendline at $37.5k is the next key support level of interest. - The orange support zone at $33.6k and $34.9k is my key support zone of interest.
BITSTAMP:BTCUSDShort
by realchartchamp
BTC 24-Hr Outlook ☀️ - Bullish Scenario, Bearish ☁️ & 🌧️ in 3DMixed trading conditions lie ahead for the global crypto market in the next 24 hours with a bullish sun shining over Bitcoin, Binance Coin and Chainlink. Other altcoins will face bearish trading conditions. Over a one-week horizon, these bearish and cloudy trading conditions will spill over to Bitcoin which is likely to face downside risk, just as Ether, Ripple’s XRP and Cardano. “If you start to feel uncertain about the markets right now, after a correction of 20%, then that should be your confirmation to get in the markets,” the founder of MN Trading, Michaël van de Poppe said. The price of Bitcoin dropped 1.3 percent over the past 24 hours to 41,150 US dollars. Follow us for more crypto weather reports!
BITSTAMP:BTCUSDShort
by ATTMO
2
Bitcoin. What's next? Tech analytics 01/20The week closed not very good for long positions, we carried out a resistance test and so far we have been able to pass It will be indicative where the month closes, it is optimal to go above 45k While we are moving into the range under the level, it is not advisable for a growing trend to go below 40k At the 8 hour time frame we are seeing convergence, there is a chance to move away from the support level at the current mark I wouldn’t put much faith in the “dying” price, I expect the bulls to be able to break away from 40k Otherwise, you can go for 30k
Long
by Juliia
BTC Market Update 14th January Post the spot ETF approval, there was a notable surge in significant inflows marked by high volumes. However, a distinct trend emerged with the redemption of AMEX:GBTC , highlighting two crucial points: first, there has been selling pressure on GBTC, and second, the anticipated inflows were lower than initially expected. Weekends often witness limited liquidity, and order books are less robust, implying a potential gradual decline until further clarity emerges. While a correction in BITSTAMP:BTCUSD seems probable, especially following an uninterrupted rally, such fluctuations are deemed normal in market behavior. During the weekend, GBTC couldn't execute sales, and BTC experienced a drop from 49K to 43K within 24 hours, partly influenced by Larry Fink's positive remarks on an ETH ETF, leading to a more than 20% rise in ETHBTC. However, GBTC is expected to resume selling on Tuesday. A second downturn is anticipated when GBTC announces outflows for yesterday. Contrary to the observed $94M outflow for GBTC, it pertained to Wednesday, preceding its going live. Thursday's outflows likely reached the hundreds of millions, already sold into the market via CME futures and BITO. Authorized Participants (APs) sell futures and manage BTC on a T+1 basis. People observed a $94M outflow for GBTC, but that was actually for Wednesday, prior to it going live. The outflows for Thursday are probably in the hundreds of millions, already sold into the market via CME futures and BITO. The Authorized Participants (APs) sell futures and then handle BTC on a T+1 basis. The advisable strategy for the time being is to adopt a patient approach, observing the market without immediate action. A prudent course of action is to wait and reassess the situation.
by TheArabianWhale
Bitcoin Headed to $10,900I have been yelling to whoever will listen and I think we have a big drop in store. Of course nobody is perfect but I have had a gut feeling about most the major turns on record and I'm getting the same now. I suck at a lot of things but I called the Feb top 2020 a day before the drop, called for a huge drop in Feb 2022, called for the December 2022 bottom, I just get these crazy feelings about major turns that just hit me in the head with a brick and I can't ignore it. The market is one giant puzzle and sometimes it just pieces itself together. Everyone is piling into BTC and saying they're going all in with their savings, people are saying they're buying boats and quitting their jobs. I have a feeling this will end very bad, I'm starting to think the cycle won't continue to go up like it always has. It's the first time I have ever felt this and I have been in since 2013, I hate it. Everyone says just HODL and you'll be fine, which has been the history and nothing suggests that's over yet but I think it's possible. Largest FED Fund transaction ever just as some major stocks hit major peaks. AMD hit resistance from 1984 & 2000 & Amazon looks like a possible major distribution. Fitch said recession in 2023 at the bottom in Oct 2022 and now they're saying no recession, very fishy, just kinda lines up with everything else for me to be a possible bubble top. Also DXY is the most shorted in history, that's a very crowded trade that can whipsaw at any moment. My Cigar guy (anecdotal lol), asked how he can short equities in Oct of 2022 and said he never bought any stocks, well just yesterday he said he tried to buy his first stock but was having problems with his broker (lucky him). We have a potential Double Top as well just as the big fed fund goes through. I don't know, maybe I'm talking crazy and I would love to see things rocket and I would buy the pullbacks but I think we could have a serious drop. I think it's better to be in cash right now personally until the dust settles and if the FEDS funds ends up being a giant cash cow buy will will break ATH's and re-test them where you can buy, it doesn't hurt to be on the sidelines at such a major intersection. First down to 17k, then up to 29k then down to 10,985ish is the current plan.
BITSTAMP:BTCUSDShort
by ghengiskahnspermshot
$BTC Analysis after Spot Bitcoin ETF Approval- The white resistance zone has been flipped into support - There is very strong resistance in the red resistance zone ($46,270 to $48,264) - The light blue trendline is my strongest resistance target around $49.1k - There has been a brief pump up to the light blue trendline and a strong rejection down that resulted in a long wick back down - Bitcoin is currently trying to flip the lower end of the red resistance zone into support at $46,270
BITSTAMP:BTCUSD
by realchartchamp
1
BTC (another bullish impulse?)BTC / USDT BTC just made a X3 from its bottom at 15k But it seems it is ready for another bullish impulse and here is why : We have unsloping channel target at 52k Also we have new ascening channel above it which targets 51k Also there is huge old weekly resistance between 48-52k So can easily touch this resistance easily We can also see that both bears and bulls got liquidated recently buy 2wicks this also means that BTC is ready for another big move The ETF decision: Weather it rejected or approved it will be bullish for BTC in long term But the impact on price will affect the short term price From my point of view : 1-if ETF approved: major breakout which can touch 52k or even go wild to ATH 2- if ETF rejected: we can see a harsh rejection in short term (it can drop like 20% in one candle )
Long
by Babenski
19
Will it hold?Bitcoin is retesting (again) my trendline. I see everyone calling for new highs, and last time that everyone was greedy... You know what happend. Now you are all greedy again, what could happen? I personally sold half of all my spot bags, and added more to the BTC shorts. I am short on BTC only. Of course my trendline can't hold forever, but i think we are closer to the drop. Big funds want to buy bitcoin, do you think they will buy it at this price when they can buy lower dropping it? Are you serious?
Short
by SaliJournal
BITCOIN ANALYZE 1D📍According to Elliott Wave Theory: It has completed a full bullish cycle and is currently undergoing a corrective phase in the form of a 3-wave abc pattern. Currently, Wave a has been established and Wave b is in formation. In my opinion, this could potentially mark the end of Wave b and the beginning of Wave c (Wave c in Elliott Wave Theory can be the sharpest wave). We might anticipate a significant downward movement for Bitcoin. 📍My initial target is $14,000.
Short
by lilebi
48