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Bitcoin 70,000! Can Milton Stand in the Way?Bitcoin: 70,000 or 40,000? Bitcoin is at a critical juncture, with the price poised to either break through to new highs at 70,000 or drop to as low as 40,000. Bulls are eyeing a breakout above key resistance levels, which could lead to a sharp move upward. However, bearish forces, including macroeconomic factors and potential market sell-offs, may push the price down toward critical support. The next move will likely be driven by major events, market sentiment, and global factors. Will Bitcoin soar or correct sharply? Stay tuned for the next big move!
Long
by BuySellStyle_engl
Bitcoin 1W chart and you will find answer for all your questionsCRYPTOCAP:BTC 1W chart; I said we would update the #Bitcoin chart if something important happens, but I want to show you the situation from a wider time frame. What do you see when you look at it like this, please comment. Please write your own thoughts in the comments section, independent of mine or anyone else's. From this level, do you think #Btc will say, 1 minute brother, I don't want to go down, this channel can't hold me and go up? The level I indicated as OB below is also the IMB zone. 2 birds with 1 stone are waiting for retest at $46k. That level is also the base of the channel and the support/contact level of the much older uptrend line (green). I have been sharing what I see when I put all the puzzle pieces side by side for a long time. I am curious about your thoughts as well. By the way, if those who think like me can also like and share, it would be a great support and this chart will reach many more people. ✨
Short
by ugurtash
2
Bitcoin Analysis - The big pictureLooking at the BTC 4H here. We see that the price is currently hitting the H4 Key Level and safety zone and rejecting from there strongly. Based on the price action, I feel we're on the move down with the strong rejection. The price is likely to test the trendline, and bounce back, try a retest of the key level. Depending on whether the price is able to break the retest or not, we will see a new move to the either side. There are some good scalping opportunities during this move that one can take using the smaller time frames till we see a clear direction from BTC. Currently, I'm waiting on a confirmation pattern or a price action to confirm the move to the downside. All we see right now is a rejection from the key levels. It is also possible that BTC will retry to break the zone again which is why a confirmation pattern is really important to take a trade. Just a simple analysis. I'll be doing a deeper one later when I have some time. Hope this helps and happy trading!
by MoneyChartz
BTC Bullish Above $65.5K, Bearish Below $60K | Weekly to 4-HourHey everyone, it’s Mindbloome Trader here! Let’s dive into Bitcoin’s charts, from the weekly to the 4-hour timeframe. If BTC breaks above $65,570, we’re in for a bullish run. But if we dip below $60K, things could turn bearish fast. Keep these levels on your radar and, as always, trade what you see. Let’s get it! Key Levels: Bullish above $65,570 (Target higher moves) Bearish below $60,000 (Watch for downside pressure) Mindbloome Trader Trade what you see
MARKETSCOM:BITCOIN
by Mindbloome-Trading
BTCUSD Reverses from Major Resistance, Downtrend ExpectedBTCUSD has been trading in a well-established downtrend channel over the past few weeks. Recently, it hit a major resistance level and is now showing signs of a reversal to the downside. Key Resistance Break: The price action indicates that BTCUSD is failing to break through the resistance level, signaling a potential continuation of the downtrend in the upcoming sessions. Potential Target: Looking ahead to next week, we anticipate that BTCUSD may resume its downward trajectory and could potentially touch the 55,000 mark if the bearish momentum continues. RSI Momentum Shift: Multiple RSI lines have shifted downward, confirming the weakening momentum and supporting the likelihood of further downside movement. Conclusion: Traders should watch for confirmation of the downtrend as BTCUSD moves further from resistance. The technical indicators, particularly RSI, suggest that the market remains bearish in the near term. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk, and you should conduct your own research or consult with a licensed financial advisor before making any investment decisions.
BITSTAMP:BTCUSDShort
by Sudhir-Sirohi
BTC UPDATE 📌 Please support me with your likes 🤞🏻 and comments 💬 to motivate me to share more analysis with you and share your any opinion about the possible trend of this chart with me ! Best Regards , Davis 🥰 Hit the like 🤞🏻 button to !! Motive some energy !!🥇 📌 Note : ⨻ Check the live market updates and analysis yourself before buy 📈🔺 or sell 📉🔻 ⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge 📚 in trading ⨹ This is my pre and post market analysis to improve my trading journey 🚀 ⨂ Am Not suggesting anyone to buy or sell ❌ am just giving my views 👀 ⫸ You are responsible for your trading ✅ not me ❌ ⫷ HAPPY TRADING 🥰
BITSTAMP:BTCUSDLong
by TRADING_MASTER_DAVIS
(BTC) October predictions - BEAR & BULLHello Tradingview community! As always: If these patterns I'm showcasing doesn't work as predicted.. then please don't come crying to me (ty) -> NFA DYOR Alright.. the chart explains itself as you can see We got 2 scenarios/targets for October: Bull targets-> 66k-70k Bear targets-> 52k-46k I do find it more likely to go up than down.. Why? Well Q4 in a bull market is usually heavy green and especially towards a presidential election Anyway, Keep in mind this is only an idea/prediction that could easily be wrong in many ways. I will update this post in the future! BOOST if you like it and follow for more NFA DYOR <<<<-----
by RandomTAdude
1
Whipsaw coming as bitcoin consolidates the 50-60k levelForecasting a pullback to 50k, as i expect the out of the ordinary volume on 08/05/24- 15min, hourly, 4hr, & daily, to gravitate price back towards it; high volume candles are very likely to get backfilled due to orderbook instability- see yellow fib lines for source and measurement. This is not bearish. This is important for bitcoin to conquer this level as she gears to move higher. There are many things i cant fully articulate in my charts so if you have any questions let me know. James
Short
by creengrack
15
#BITCOIN is fine, Don't panic!Bitcoin continues to trade within a descending channel, with the current weekly candle showing a 7.17% drop, rejecting near the $65,000 resistance level. The price has entered a Weekly Fair Value Gap (FVG) between $60,000 and $62,500, where we might see some buying support. (FVG sare levels of liquidity gaps which the MMs eventually take before continuing the uptrend) Explained more in my previous BTC/USDT Chart However, a break below the invalidation level at $57,466.09 could lead to further downside towards the channel support. Bulls need to HOLD the FVG to initiate a bullish breakout. Invalidation Level: An invalidation point is marked around $57,466.09. If the price breaks below this level, the bullish scenario becomes invalid, and further downside action is likely to follow. There's also 200 MA support around the $59.8k level. This is an important level to keep an eye on! I think we will see a relief soon! NOTE:- Stop panicking! When the market pumps, everyone wants a dip, but when the dip comes, fear takes over. This is often a sign you're taking on more risk than you can afford. Stay calm and focus on Altcoins, which often bounce hard after corrections. While Crypto Twitter was expecting a green October, the market makers threw in a surprise to start the month. Expect a few days of downtrend and consolidation, followed by daily green candles. That’s my view, not financial advice! Let me know your thoughts in the comment section and do hit the like button sp it reaches more souls who need to read this! Thank you #PEACE
BINANCE:BTCUSDLong
by Cryptorphic
9
Corrective Phase and RegainOur current outlook for Bitcoin suggests that, over the coming days, the asset may experience a short-term correction down to the key support level of $59,500. This level has previously acted as a significant zone of buying interest, and we anticipate it could serve as a strong foundation for Bitcoin to establish new upward momentum. Such a correction would allow for consolidation, enabling market participants to accumulate at a lower price point, which often leads to a healthier and more sustained uptrend. Following this corrective phase, we expect Bitcoin to regain bullish momentum and start a new upward move. The initial targets for this movement are projected in the range of $64,000 to $66,000.
by MonoCoinSignal
Bitcoin's Potential Bottom Near $58k in Q4As we enter Q4 (October 1st to December 31st), Bitcoin is testing the crucial $58k support level, a price point that has acted as a pivotal zone in past market cycles. This level could serve as a potential bottom for the current correction, offering a possible recovery point for the final quarter of 2024. Market participants should closely monitor price reactions at this level. A bounce from $58k could signal the beginning of a recovery phase, while a failure to hold could lead to further downside pressure. Traders should look for confirmation through volume spikes and reversal patterns, as these signals will be key in identifying a trend change. With the end of the year approaching, this could present a vital buying opportunity, so staying cautious and ready is essential as the market moves through Q4.
by alcoholic-semen-thrower
BTC Downtrend Scenario and Key LevelsBTC seems like it is following this daily downtrend channel, and seems to be reversing from the top of the channel. All the timeframes (Daily, 4H, 1H, and 15 Min) are screaming downtrend. We saw that it retested the downtrend resistance at 61125 level and looks like it might retest it. We have 5 minutes left in 4H timeframe so will need to wait for it to close and see how price reacts to it. Will wait for short long entry if the price breaks the 15 min key level and will have the target at the 1 Hour Key Level. (But chances are low). I feel like we will go down further till 59200 area where the 1 Hour strong demand zone is. If we break that, then we might see 54000 - 50000. Waiting on the sidelines until I see any clear structure or pattern forming. I feel safe that way. Good luck and happy trading!
by MoneyChartz
$BTC is poised to reach $115,000 in the next 9 months! Read WHY!You're aiming for $200k and beyond, but let’s keep it simple and realistic. If BTC hits $115k, altcoins could surge by 20x or even 50x! You just need to play it smart. Now, let’s break down this simple chart! Liquidity acts like a magnet! When a big green candle prints, it’s likely that, after a few more candles, the price will move to capture the liquidity from that same candle. Bitcoin has been following this pattern for the past 7 months, inching forward slowly, bit by bit. This is exactly how the whales are accumulating! The August monthly candle closed at $58,963, and the current candle is set to close in about 4 hours, likely above the August close, forming a beautiful hammer pattern. This is a strong bullish signal! When you’re unsure about what’s coming or just making wild guesses, remember—this is simply TA based on Price Action. No fancy indicators, just the facts. Speaking of indicators, the RSI is currently around 63.13, and in every bull run, it eventually climbs up to 92, entering the overbought zone. So stay strong and stop crying over 10-20% dips in altcoins. If you can’t handle these corrections, you don’t deserve the 10x gains either. Keeping it simple, the next 6 months are going to be amazing. Now is the time to position yourself in solid Altcoins and BTC. After every halving, there's typically a 5 to 6-month consolidation phase, which you can clearly observe on the charts. We’re following the same pattern right now! Things are heating up, but you might not notice if you're only focused on 15-minute candles. Zoom out, and everything will become much clearer for you to understand. I hope you get some light from my charts, If you do please hit that like button and share this chart with your crypto friends. Thank you #PEACE
CRYPTO:BTCUSDLong
by Cryptorphic
16
$BTC DAILY ANALYSIS. IS THE BIG SHORT AT THE DOOR?As I expected in the analysis dated September 15, the link of which I left below, the price first retreated to 57,000 when it was at 60,000 and then continued its upward movement and reached the extreme supply area by taking the high that I expected to be liquidity. It is quite normal for the price to slow down in this area. Since the price is currently in the decision phase, taking trades in lower time frames may end up as stop loss. The internal structure is still bullish and I think the demand area that the price is currently in may react upwards. Then, if I see bearish momentum to kick in and an entry model in the 4H time frame, I will look for sells. Another scenario is using the 70,000 high as liquidity, which is a bit unlikely imo, and then the price falling with a strong bearish momentum. As long as 72000 is not exceeded, and I would expect a daily candle closure above, I think the first range that the price will likely to go is 49000 - 44000.
Short
by alplaila
BTC: The Dilemma of a Breakout or Rejection!BTC Update: BTC is still struggling to break above the dotted trendline, technically forming a hidden bearish divergence. In my previous update, I mentioned that BTC must close above GETTEX:64K on the daily chart to invalidate this hidden bearish divergence. At the moment, we are seeing a rejection, and the 100 EMA (yellow line) needs to be held as support. A breakdown below the 100 EMA could likely have a bearish impact on BTC. Stay cautious and trade safely. Always do your own research and analysis before investing. Regards, Team Dexter #BTC #cryptocurrency #Altcoins #cryptomarket
by Dexter_The_Trader