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Btcusdanalysis

Bitcoin BTC price can repeat the growth fractal from 2020-21?The fall of stock markets and the crypto market on 📉"Red Monday" 05.08 was called the most painful since the beginning of the Covid-19 period in March 2020. Who we are to argue with "analysts and giants of financial thought"?) We have copied the fractal of OKX:BTCUSDT price behavior since March 2020 and applied it to the current situation. 😱 And it's a "magic", at now everything is very well relevant Then we "seasoned" the chart with the marks when the Fed rate could be cut, namely: 18.09, 08.11, and 18.12. and added a "little" fibo levels that can work well in the future, because they worked well in the past. And here's what we're getting: 1️⃣ for the next week, the price of #BTCUSD shouldn't fall below $52,000 2️⃣ growth acceleration after the first Fed rate cut. 3️⃣ 2025 should be greeted with the price of CRYPTOCAP:BTC around $77000 4️⃣ and by the end of 2025, it would be nice to see $154000 for CRYPTOCAP:BTC Write comments under the idea and put 🚀 to subscribe, and watching how it will work out. And the more reactions will be under this idea, the more interesting idea updates we will make ;)
by P_S_trade
10
BTC SHORT The chart indicates a potential move where Bitcoin (BTC) is currently testing an area of interest around 60,715.9 USDT. The price is approaching a key resistance zone marked as MMSM, which could provide a selling opportunity if the price fails to break above it convincingly. Trade Setup: Stop Loss: Place a stop loss just above the 62,500 USDT level to protect against potential false breakouts above the resistance zone. The initial target for this trade would be around the 55,940.7 USDT level, where there is an imbalance wick, which could serve as the first point of profit-taking. Further downside targets could be around the 48,889.4 USDT level, representing a more extended move. Risk/Reward: This setup offers a favorable risk/reward ratio, as the downside potential outweighs the risk if the resistance level holds. Additional Notes: - If price breaks and holds above the 62,121.2 USDT level, reconsider the short idea as it would invalidate the current bearish setup/structure.
Short
by SerenityEquity
5
BTC Technical analysisIt looks like Bitcoin has formed a rising wedge pattern on the 2-hour chart, which typically indicates a potential bearish reversal. The pattern has already reached its second top, and the price seems to be breaking down from the wedge. The target for this breakdown could be around $56,000, which aligns with the support zone from earlier price action. The RSI is near overbought territory, suggesting that the momentum might be fading, and the MACD is showing early signs of a bearish crossover. Keep an eye on the volume to confirm this breakdown; if it picks up, we might see a sharper decline.
Short
by Crypto_CAT1
1
BITCOIN $59000 MACRO Update: Wave4 CorrectionBITCOIN $59000 MACRO Update: Wave4 Correction 1-Resistances: A) W21ema (~$61,000) is providing an immediate resistance. A break above 67K (If the the W21e is taken out), could resume the bullish momentum for the wave5 of the macro trend. 2-Supports A-Support zone to watch going into Q4: 53-50K (W50ema-M21ema support on average). The M21e is at 47k, however bulls could front run it. 3-M21ema Must Hold 3) Bulls must find support at the M21ema in order to avoid price closing below it, which could trigger more panic selling
COINBASE:BTCUSD
by Sen_Crypto
BTC Technical analysis: BTC has experienced a sharp rejection near the $60,000 mark, as indicated by the strong red candle in the last few hours. The RSI has dropped significantly, moving from overbought territory back towards the mid-40s, signaling a potential slowdown in buying momentum. The MACD also shows a bearish crossover, with the histogram dipping into negative territory, suggesting that bearish pressure could intensify in the short term. Watch for support around the $58,500 level; if it breaks, we could see further downside.
Short
by Crypto_CAT1
BTC in a 2-hour timeframe.Alright! This is by your demand. Many of you wanted a BTC update on a lower timeframe, so here's my analysis on the 2-hour timeframe. Note: Make sure you do your own research and analysis before investing. BTC got rejected, as we can see. It perfectly hit the resistance trendline from our previous update and is currently near the support trendline and support box. BTC will likely hit the blue box ($57.7k-$58.4k) or close to it, followed by a rebound. Warning: If BTC closes below the blue box support, it could drop to around $54.7k. Be cautious, and trade safely. #Crypto #BTCUSDT
by Dexter_The_Trader
4
BTC: Aims for $69k!BTC Update: BTC has reached the expected target range of $61k in the lower timeframe. The higher timeframe for BTC appears positive and could rally as high as $69k in the coming days. In the past, whenever BTC hit the descending support trendline, it bounced back by 20% or more. A couple of weeks ago, BTC dropped as low as GETTEX:49K but managed to maintain the daily close at the support trendline. The price has bounced back and may continue to rise. The lower support for BTC remains unchanged. I hope this update was helpful. Make sure you do your own research before investing. Trade safely."
Long
by Dexter_The_Trader
2
#BTC USDT 1H TF analysis + Swing trade Setup x5 # hello TRADERS , hope you’re doing well this is our analysis of BTC in 1H TF BTC just reached an OB of a supply after making A market structure shift we expect price to drop bellow the equilirium area and target the main internal liquidity shown on the chart we may swing this position to target the main internal liq down bellow trade may go fast due to the news coming today ######### POSITION SETUP ######## recommended leverage: X3 ENTRY POINT :61298 SL:62762 TP:54470 ### Not financial advice disclaimer ### #You can use leverage at your own responsability and according to your risk management strategy ## remember to stay informed and make decisions based on your own research. always, trade with caution ## Do not forget to put Stop loss for your positions Don’t forget to boost and support our Ideas to receive more Analysis #Make sure you follow and activate the notification to catch the move instantly If you have any questions, or any Coin to analyse you can write them in the comments section below. #####We are using LEET ALGORITHMIC CONCEPT (LAC) revolutionary new trading concept developed by LEET TRADERS COMMUNITY and based on the functioning of the most powerful HIGH frequency trading algorithms very high accuracy, No psychological factor or stress, the only rule is to follow the steps of straight to the target Join US!! ********* WAKE-UP NEO =) follow the white rabbit********
Short
by LEETRADERS
BTC/USDT showing some bullish signs ?As of August 19, 2024, Bitcoin (BTC) is currently trading around the $58,000 to $60,000 range, showing signs of consolidation after a period of intense volatility. The market is currently experiencing mixed sentiment, with some analysts predicting a potential breakout above $65,000 if key resistance levels at around $61,000 are breached. Several factors could influence Bitcoin's price in the coming weeks. On-chain data suggests that whale investors are accumulating BTC, which historically has preceded significant price rallies. Additionally, upcoming macroeconomic events, such as the release of the Federal Reserve's minutes and European inflation data, could also impact Bitcoin's trajectory. If these events signal a dovish stance on interest rates, it could drive further investment into Bitcoin, potentially pushing prices higher. Given these conditions, Bitcoin might see a push towards the $65,000 mark, with further potential to reach $90,000 by the end of 2024, as some analysts suggest. However, a downturn to around $55,000 is also possible if the market faces unfavorable economic news. Please note, this is a speculative analysis and should not be taken as financial advice. Always consider conducting thorough research or consulting with a financial advisor before making investment decisions.
Long
by WeloTrades
1