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#Bitcoin Daily Update!BTC/USDT Technical Analysis! 🔹 Current Price: $68,390 🔹 Strong Support: $62,433 🔹 Resistance: $73,000 BTC closed with a red daily candle at $68398 and is still trading sideways. It recently broke out of a symmetrical triangle, indicating potential upward momentum. This sideways PA is the reason why Alst are breathing green. Watch for a break above $73,000 for further gains towards $81,000. If it falls below $66,400, it may retest $62,433 level. dyor, nfa #Crypto CRYPTOCAP:BTC #bitcoinalpha Please hit the like button to support. Thank you #PEACE
Long
by Cryptorphic
1
Spotting Bitcoin Bargains: Key Price Levels for Savvy InvestorsThe ever-volatile world of Bitcoin can be daunting for investors, especially when it comes to pinpointing the right moment to buy. The $66,000 Threshold: A Potential Re-Test and Buying Zone If the price dips below the $66000 level, it could trigger a further decline, potentially reaching the lower range of its recent consolidation period. This scenario, however, presents a prime opportunity for investors to accumulate Bitcoin at a potentially discounted price. Beyond $66,000: $61,000 as Another Possible Entry Point Analysts state Bitcoin could slide further, potentially reaching $61,000. This price point could represent another significant entry point for investors seeking to add Bitcoin to their portfolios. By closely monitoring these price levels, particularly the potential support zones around $66,000 and $61,000, investors can potentially capitalize on market dips and acquire Bitcoin at a potentially lower cost. However, it's crucial to remember that these are just potential entry points, and the market can be unpredictable. Dollar-Cost Averaging (DCA): A Sensible Strategy for Volatile Markets While strategic buying based on price zones can be tempting, analysts advocates for a strategy called Dollar-Cost Averaging (DCA) during volatile periods. DCA involves investing a fixed amount of money into Bitcoin at regular intervals, regardless of the current price. This approach aims to average out the cost per Bitcoin over time, mitigating the risk of buying at a peak. DCA is a prudent strategy, especially for those new to the cryptocurrency market or those who prefer a less hands-on approach. It removes the emotional element from investing and encourages a disciplined, long-term perspective. Beyond Price Points: Additional Considerations for Bitcoin Investors While price levels are a significant factor, they shouldn't be the sole consideration when buying Bitcoin. Investors should also consider the following: • Overall market trends: Analyze the broader market sentiment and identify any potential bullish or bearish signals. • Technical analysis: Utilize technical indicators to gain insights into potential support and resistance levels. • Fundamental analysis: Evaluate the underlying factors driving the value of Bitcoin, such as adoption rate, regulations, and upcoming developments. • Risk tolerance: Be honest about your risk tolerance and invest only what you can afford to lose. The Final Word: Strategic Buying and a Long-Term Vision Strategic buying based on price zones can be a valuable tool for investors seeking to maximize their returns on Bitcoin. However, it's crucial to combine this approach with a well-rounded investment strategy that considers market trends, technical analysis, and fundamental factors. Additionally, adopting a Dollar-Cost Averaging strategy can be a sensible way to navigate volatility and build a Bitcoin position over time. Remember, Bitcoin is a highly volatile asset, and there's no guaranteed path to success. By combining strategic buying with a long-term vision and a well-defined risk management plan, investors can potentially increase their chances of profiting in the dynamic world of Bitcoin.
BITSTAMP:BTCUSDLong
by bryandowningqln
2
Mt.Gox Moves $7B BTC for Repayment Plans, Sparking BTC PlungeMt. Gox, the defunct Bitcoin exchange, has transferred over 107,000 CRYPTOCAP:BTC worth around $7 billion to an unknown address in thirteen transactions, possibly as part of a plan to repay creditors by October 31, 2024. The market reacted bearishly to these movements, with Bitcoin ( CRYPTOCAP:BTC ) dropping by 1.7% to as low as $67,680 after reaching a high of over $70,000 on Monday. The first movement of assets from Mt. Gox's cold wallets in over five years and is likely a part of a plan to distribute the assets back to creditors before October 31, 2024. CryptoQuant head of research Julio Moreno said all coins have been transferred to a new address “1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6.” Alex Thorn, head of research at Galaxy, said most of the transferred bitcoin ( CRYPTOCAP:BTC ) would be held by creditors, instead of being sold on the open market. Technically, Bitcoin ( CRYPTOCAP:BTC ) is in a consolidation zone as buyers are reacting to Mt. Gox repayments plans to the once defunct BTC Exchange. The Relative Strength Index (RSI) of 55.68 signifies CRYPTOCAP:BTC is poised for trend reversal in the long term.
BINANCE:BTCUSDLong
by DEXWireNews
HOLDING LIKE A PRO BTCBitcoin is holdin the price above a strong daily trendline, and this is extremely bullish. In my previous weekly setup, we longed BTC around $65.000, and i think we will go up more. The black rectangle i drawed is the last step to break before the new ATH, and i think we can see a retest of it probably next week. I am not sure we will break it so fast, we will probably range in the $71.000-67.000 area for a while before another leg up. Till $65.000 hold, we are safe
Long
by SaliJournal
BITCOIN 325000$ giant cup and handle ALL trading ideas have entry point + stop loss + take profit + Risk level. hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below. Disclaimer
Long
by bullstraders7
Bullish BTCHi i’m Bullish On BTC Reasons. 1. funding Rate are Flipping Negative 2. After Halving it’s 24% down 3. Recover in 2 Days with Volumes 4. ETF’s Approved in Various Countries like USA & Singapore 5. Big Investment company’s are Buying 6. as per Technical RSI It’s creating Strong RSI Indicating for Bullish 7. Trendline Breakout so it will come below test and then going up again so entry will be around 62 with SL 800 Pip from entry 8. Howmuch BTC can go? > it will hit ATH 71k for sure then you can see rejection there it will come and retest again below reentry there and then wait for next ATH 9. All Liquidity are standing above like 70-71k USD
Long
by HarshChaklasiya
#BTC/USDT Latest Update.#Bitcoin: I've said it many times, don't get distracted by short-term price action. The price is likely to hit the $100k mark this bull run. Don't give up when opportunities arise! I'm still holding my longs on LSE:ONDO , NYSE:FET , CRYPTOCAP:DOGE , CRYPTOCAP:RNDR and $INJ. CRYPTOCAP:DYDX Stop loss hit, considering a re-entry. I will also accumulate long in $NEAR. I'll be out for the day, but if anything important comes up, I'll post from my phone. Catch you soon. Cheers! Do hit the like button if you want me to post more Altcoin Trade Setups. #PEACE
by Cryptorphic
2
Bitcoin Premium. Confirming our upward trend. 84.000$Our previous deal closed due to a stop loss. However, since our goals remain unchanged, we're re-entering the deal. We observed a fakeout and subsequent rise, confirming our upward trend. Let's ride this wave! 🚀📈 This goal was sent to me by a major player in the game. His insights always hit the mark because his team commands one of the largest capitals in the market! 🌟📈 We're going to start taking liquidity from the top. 📈💰 Friends, this is an extraordinary insider tip, and I urge you to pay attention to it. Keep an eye on this idea. I've decided to share only a few ideas to demonstrate the quality of information I have. Just stay tuned. 🚀🔍
Long
by HedonistTrade
4
BTC Bitcoin Technical Analysis and Trade IdeaBTC Bitcoin exhibits a robust bullish trend on the daily timeframe. Our primary objective is to pinpoint a buying opportunity that aligns with this trend. Assuming price action unfolds as outlined in the video analysis, favorable trading conditions are expected. The video delves into essential elements such as trend analysis, price action insights, market structure, and a potential trade setup. Always practice prudent risk management when trading, and remember that this information serves purely educational purposes and is not financial advice. 🚀📊
FOREXCOM:BTCUSDLong
by fxtraderanthony
BTC Bitcoin Technical Analysis and Trade IdeaBTC has exhibited a robust bullish trend on the daily timeframe. Our primary objective is to pinpoint a buying opportunity that aligns with this ongoing trend. Assuming price action unfolds as outlined in the video analysis, we expect favorable trading conditions. The video delves into essential elements such as trend analysis, price action insights, market structure, and a potential trade setup. Remember to practice prudent risk management when trading, and keep in mind that this information serves purely educational purposes and is not financial advice. 🚀📊👍
FOREXCOM:BTCUSDLong
by fxtraderanthony
BTCUSD 1H Long Trade - 1:3 RRRSL: 65081.00 TP: 71822.00 In this trading strategy, I present a compelling opportunity for a long position on the BTCUSD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim to achieve a favorable risk-to-reward ratio of 1:3. Indicators: EMA200: The EMA200 serves as a critical indicator of the long-term trend direction. MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend. Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
COINBASE:BTCUSDLong
by panjikadar
1
Bitcoin Leads the Charge: Bullish Signs Emerge Across Crypto MarA wave of optimism is sweeping across the cryptocurrency market, with Bitcoin (BTC) at the forefront. After a period of consolidation, bulls appear to be taking charge, sparking positive momentum not only in Bitcoin but also in altcoins like Solana (SOL) and Fantom (FTM). Bitcoin's Technical Analysis Hints at Upswing Technical indicators for Bitcoin are painting a bullish picture. The 20-day exponential moving average (EMA), a key indicator of short-term trends, has begun to turn upwards. This suggests a shift in momentum, with the path of least resistance now favoring an upward price movement. Further bolstering this bullish sentiment is the Relative Strength Index (RSI). This indicator measures the momentum of price movements and currently sits in positive territory. This indicates that buyers are in control and there's room for further price appreciation. Breaking Key Resistance Levels A crucial level to watch for Bitcoin is $68,000. If bulls can successfully push the price above this resistance point, it could trigger a retest of the formidable barrier at $72,000. Reclaiming this level would be a significant victory for Bitcoin bulls, potentially leading to a continuation of the upward trend. Bears Remain Vigilant However, the battle lines are not yet definitively drawn. Bears, the market participants who profit from price declines, are not ready to concede defeat. If they can successfully push the price below the 20-day EMA and the broader moving average support levels, it could signal a potential reversal in the current trend. A drop below $60,000 could then be on the cards. Beyond Bitcoin: Altcoins Join the Bullish Party The positive sentiment is not limited to Bitcoin. Several altcoins are also exhibiting bullish signs. Here's a closer look at a few: • Solana (SOL): SOL, known for its blazing-fast transaction speeds and scalability, has been on a tear lately. It's crucial to monitor technical indicators like moving averages and RSI to gauge its specific momentum. • Fantom (FTM): FTM, a smart contracts platform focused on scalability, has shown promising signs. Tracking its developer activity and ecosystem growth can offer clues about its future trajectory. A Word of Caution While the current market sentiment is encouraging, it's vital to remember that the cryptocurrency market remains highly volatile. Investors should conduct thorough research and due diligence before making any investment decisions. Opportunities and Challenges The recent bullish signs present both opportunities and challenges for investors. The potential for continued growth across the cryptocurrency market is exciting. However, the ever-present risk of volatility necessitates a cautious and informed approach. Conclusion Bitcoin appears to be leading the charge in a potential crypto market upswing. Technical indicators suggest a bullish trend, but resistance levels need to be overcome. Encouragingly, several altcoins are also flashing bullish signs, adding to the overall optimism. As always, investors should approach the market with caution and conduct their own research before making any investment decisions.
BITSTAMP:BTCUSDLong
by bryandowningqln