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BTC potential bounce areaBTC / USDT BTC in downtrend since last visit @ 72k Where we can see next strong bounce ? Personally i think the Area around 52k (54k to 50k) can lead to possible bounce But why ? …: This area has much supports cluster This area has big liquidity Around 52k is the moving average 50 on weekly chart (was the Dynamic support for this bullrun since 2023!) Keep watching price action there… Important condition: wicks below moving average are acceptable but not closing below it Best of wishes
by Babenski
36
QCP Analysts Say There Are Rally Signals in Bitcoin LONGWhile investors are trying to cope with the downward trend that has been going on for more than a month, Bitcoin is trying to withstand the German government's sales. At this point, while analysts generally predict that the bottom may have come in Bitcoin or may come as soon as possible, an assessment came from Singapore-based crypto company QCP Capital. Analysts stated that the market initially faltered in the face of Mt.Gox and the German government's Bitcoin sales, but then quickly recovered, listing the bullish signals. At this point, he showed spot Bitcoin ETF entries as the first signal. Stating that institutional investors increased their dip purchases, QCP analysts said that this situation was supported by strong spot BTC ETF inflows. Analysts, who showed the purchase of BTC from exchanges in response to the sales of the German government as the second bullish signal, stated that less Bitcoin entered the market. Finally, analysts stated that Bitcoin and Ethereum made higher bottoms this week after the sharp declines last week, and that the bottoms were purchased aggressively, and that these purchases were a bullish signal.
BINANCE:BTCUSDLong
by ShumbaFx07
#BTC/USDT Weekly Analysis, $44k or $58.5k, Fib Levels.#BTCUSDT Weekly Update: BTC is trading just below the crucial level of $58.5k. Let's look at the current situation. Current Situation: - BTC is in a precarious position. The $51k level corresponds to the 0.382 Fibonacci retracement, which hasn't been tested yet. - The 0.618 Fibonacci retracement, often referred to as the "golden pocket," is also yet to be tested. - A close below the 0.382 level could drive BTC down to $44k or even $38k. This isn't fear-mongering, just a straightforward chart analysis using Fibonacci Retracements. Such a move would likely trigger a broader market downturn, with altcoins potentially experiencing 50% further discounts. Possible Avoidance Scenarios: 1. BTC maintains the monthly support level of $56.5k. 2. BTC closes above the $58.5k level, rendering the current price action as a deviation (false breakdown). For those considering entering altcoins, it might be wise to wait for clear confirmations on either side. Let me know your thoughts in the comments section. Bookmark this chart for future updates, and hit the like button if you found this helpful! Share with your friends. Thank you #PEACE
BITSTAMP:BTCUSD
by Cryptorphic
10
BITCOIN IS THE NEXT AMAZONMartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here Even tho the bull market is here BTC has not fully mooned yet there is still time to buy on DIPS . The market has just hit a critical level . This is a bullish structure and dips are buys, when these dips happen BTC can start its move higher . This needs to be watched carefully. BTC To The MOON Please watch the video for more information
COINBASE:BTCUSDLong
by MartyBoots
EMA200 — An Insurmountable Hurdle For Bitcoin? EMA200 — An Insurmountable Hurdle For Bitcoin? 🚨 For the third day in a row, Bitcoin was rejected strictly at the EMA200 daily chart. Driven by Germany's continuing BTC sell, bears stepped in again today when Bitcoin tried to pump through this essential level. As mentioned in today's live session and other posts, it will be crucial for BTC to cross the EMA200 line to remain on the short-term uptrend. Conversely, every rejection increases the likelihood of a retest of the lower bull flag boundary. Subsequently, every retest bears the risk that the support level won't hold and BTC breaks through this crucial level. As discussed, a close below the lower bull flag boundary would inevitably bring 42k to the table. However, we are not there yet! Nevertheless, the EMA200 and the lower bull flag boundary are the two levels to monitor closely at the moment.
COINBASE:BTCUSD
by ben_walther
Is $BTC Bitcoin Range Bound?$Bitcoin price action has established a range! Current price: 61400 Previously CRYPTOCAP:BTC continued to find rejection around the 71500 resistance and also established support around the 60600 area. It is fair to state that Bitcoin's established RANGE lies between 60600 - 71500 For alts to rise to higher prices, then bitcoin needs to remain in this range: No breakout of the range or breakdown from the range... Support at 60600 is a very key to watch! If #BTC loses this support then a Worst case scenario will play out: Bitcoin loses the range and seeks lower supports down to 49,700 Best case scenario for bitcoin price action is to remain in range until a time when it can break the 71500 top resistance to reach higher prices. Current Resistances (within Range): 62400, 64300, 67000, 69800, 71500 Supports below Range: 57900, 54500, 52200, 49700
BYBIT:BTCUSD.P
by Ifiok-2sydes
BTC Breakout Potential or ConsolidationKey Technical Points: Support Levels: Immediate support is seen around $49,477, which aligns with a crucial Fibonacci retracement level. Resistance Levels: The primary resistance is around $62,239, coinciding with recent highs and a critical Fibonacci level. Moving Averages: The daily 50MA is acting as a dynamic support level, indicating a bullish sentiment as long as the price remains above this average. Volume Analysis: Trading volume is decreasing, suggesting a potential breakout is imminent. A surge in volume could confirm the direction of the next significant move. Outlook: The BTC/USD pair is poised for a decisive move. A breakout above $62,239 could signal a continuation of the uptrend, targeting higher levels around $73,648. Conversely, a breakdown below $49,477 might lead to a retest of lower supports around $44,000. Conclusion: The current consolidation phase within $49,477 to $62,239 is critical. Traders should watch for volume spikes and price action around these levels to gauge the next directional move. The overall trend remains bullish as long as the price stays above the 50MA.
COINBASE:BTCUSD
by CryptoFallen
1
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 Short Update!#BTC: Holding Strong Within the Box and EMA The anticipated bounce occurred within the expected region, reaffirming our position. Now, it's crucial to observe the weekly close for more clarity. IMHO, avoiding FOMO and waiting for clear reversal signals is wise before making any moves. Will share the weekly chart later today for the exact price levels which BTC needs to reclaim. Let me know what you think in the comment section and please hit the like button if you find my updates helpful. Thank you #PEACE
by Cryptorphic
1
BTC Bitcoin Technical Analysis and Trade Idea 👉🔍 In this video, we analyze BTC Bitcoin. It's evident that BTC has been showing strong bearish momentum in recent times. However, considering today is Friday, I anticipate a potentially sharp retracement as big money wind up their trades for the week and hit stops for liquidity. My strategy involves monitoring the 3-5m chart for signs of sideways movement and a potential reversal, which could present a scalp/day trade buying opportunity targeting the previous bearish imbalance. It's important to note that these observations are speculative and not a definitive forecast. Confirming specific price movements is crucial before considering any buying or selling decisions, as elaborated in the video. The video provides a comprehensive analysis of the current trend, market structure, and price dynamics. Remember, this educational content is designed to enhance understanding and does not guarantee outcomes. Trading inherently involves substantial risks, so employing robust risk management techniques is essential. 📈🔔
FOREXCOM:BTCUSD
by fxtraderanthony
3