BTC/USDT#Bitcoin saw a major drop this week, with strong market volatility. Exercise caution while trading until stability returns.
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Bitcoin is not dead yetAfter falling and breaking its important support range, Bitcoin considers new targets for its falling targets, which we discussed in this video. Now Bitcoin is in its own medium-term falling trend and has the possibility of supporting its own midline, which can be a pullback for further falling. Of course, this may happen at the resistance of 25,900 with the power of buyers and cause the failure of this resistance, because in the daily time, we are still in an increasing trend.
Bitcoin on the borderThe number of hits to the support floor of Bitcoin has increased and this can signal a drop, so in any case, management must be observed.
But in the 4-hour timeframe, we currently have a positive divergence, and in the hourly timeframe, there is a possibility of a short growth
Bitcoin Will Rise Bullish SidewaysDaily TF and Bigger Picture Bullish
30 Min. is currently bearish,Bitcoin needs to fill the previouse Gaps
southern area.I have marked them for you.
The gaps have to be filled first, because BTC rose too fast and it needs to pick up the buy orders that areas.. Otherwise, the Bull trend will be slowed down.
I am long, and stay long. The VP is trending Bullish, The POC lies above 26980.This is a strong sigal and Indicatr that the market should and will retur back to those areas.
In northern areas we have very high volumes. Above 26000 we will experience higher buy pressures.
I have market key level prices for you.
Geerally this correction is necessary and healthy for BTC as it offers many buying oppurtunieties
at support areas and turning key levels.
Below 19000 The bearish trend will be started.
The possibility of a short rally in the first step for BitcoinDue to Bitcoin being at the support floor, there is a possibility of growth of this digital currency.
Also, due to the fact that it is above the 200-day moving average, the possibility of growth will be stronger, but if it falls, our support range will be 29,668 in the first step and 29,500 in the second step.
At the moment, there is a slight possibility of growth...
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Why BTC Remains Profitable: SOPR > 1, but Caution is AdvisedGiven the current stability of BTC prices, I wanted to shed some light on an important metric that indicates Bitcoin's profitability and discuss the significance of HODLing for the long term.
As many of you know, the SOPR (Spent Output Profit Ratio) is a widely recognized on-chain indicator used to determine the profitability of Bitcoin transactions. When the SOPR is greater than 1, it suggests that the average investor is selling their BTC at a profit. This metric has proven to be a reliable tool for assessing market sentiment and predicting potential price movements.
Recent data indicates that the SOPR for Bitcoin has consistently remained above 1, indicating that investors are making profits from their BTC holdings. This finding serves as a testament to the resilience and profitability of Bitcoin as a long-term investment. However, it is crucial to approach this information with a cautious mindset.
While the SOPR > 1 is undoubtedly a positive sign, it is essential to consider the broader context of the market. The stability of the BTC price plays a pivotal role in ensuring the sustained profitability of Bitcoin investments. Therefore, I urge you to exercise prudence and carefully monitor the market conditions before making investment decisions.
In light of this, I strongly encourage you to consider the long-term HODLing strategy for your BTC holdings as long as the price remains stable. The inherent volatility of the cryptocurrency market often tempts traders to capitalize on short-term gains. However, we can reap substantial future rewards by embracing a patient and strategic approach.
By maintaining a long-term perspective, we can navigate through market fluctuations and capitalize on the potential growth of Bitcoin. Remember, the true power of BTC lies in its ability to act as a store of value and a hedge against traditional financial systems.
In conclusion, while the SOPR > 1 indicates the profitability of Bitcoin transactions, it is crucial to exercise caution and consider the stability of BTC prices. Embracing a long-term HODLing strategy and diligent market analysis can help us make informed decisions and maximize our returns.
Let us move forward with a sense of responsibility and awareness, ensuring that we make the most of the cryptocurrency market's opportunities. Together, we can navigate these uncertain times and emerge as successful traders and investors.
As a fellow trader, I encourage you to adopt a long-term BTC HODLing strategy, provided the price remains stable. Let's stay vigilant, monitor market conditions, and make informed decisions to secure our financial future.
Buyers go shoppingBy reaching its support floor in the suffering trend, Bitcoin has increased the possibility of its growth, so the first resistance range in 1 hour time has been determined for Bitcoin, also the important support range has been determined in the price, which is an important range in the medium term.
There is a noisy pattern in the time of one hour for this currency, which enables the possibility of one percent growth.
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Obsessed with Bitcoin or Alzheimer's?By reaching the support range, Bitcoin raised the possibility of its growth again. According to this analysis, in the hourly time, we will have the possibility of a growth up to the specified range for this currency. Also, the divergence in 4 hours shows the growth of this currency, and for the ranges Support and resistance move according to the analysis
BTC's Inverse Head and Shoulders Pattern Signals Positive OutlooThe formation of an inverse head and shoulders pattern has provided Bitcoin (BTC) with a positive outlook for the day, successfully rebounding from the resistance level at 29,500 USD. As this pattern is already in full swing, the technical target is now set at approximately 30,630 USD.
BTC long-term and short-term: POTENTIAL SCENARIO!!#BTC UPDATE
In this 12h time frame BTC is trading in this big rising channel and is currently at the resistance of this 30.7k level.
Or in the shorter time frame, BTC is making this bullish flag pattern but we need a breakout or breakdown of this pattern to confirm the next move.
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Long BTC Mini invers H and S we buy, got in under 30K but just found time to post this trade. Probably a pop here. Not advise
Embrace the Roaring Bull: Consider Adding BTC to Your Portfolio As you may know, Bitcoin has been making headlines for years, captivating the attention of both seasoned traders and newcomers alike. It has proven itself as a resilient and groundbreaking digital asset, steadily gaining recognition as a store of value and a hedge against traditional market volatility. And now, with the current market conditions suggesting a bullish momentum, it's an opportune moment to hop on board and seize the potential benefits.
Why should you consider adding BTC to your portfolio? Well, let me share a few compelling reasons:
1. Accumulation Phase: On-chain data analysis indicates an increasing number of long-term holders acquiring Bitcoin, suggesting a strong belief in its future potential. This accumulation phase often precedes significant price rallies, making it an enticing opportunity for traders like yourself.
2. Diversification: By including Bitcoin in your investment portfolio, you can diversify your holdings and reduce the overall risk. The cryptocurrency market operates independently of traditional financial markets, offering a unique asset class that can potentially enhance your portfolio's resilience.
3. Market Momentum: Bitcoin has been experiencing remarkable growth over the years, and its acceptance as a mainstream investment vehicle is steadily increasing. With renowned companies and institutional investors embracing Bitcoin, the market sentiment is overwhelmingly positive, which could potentially fuel further growth.
Now that you're aware of the compelling reasons to consider adding BTC to your portfolio, it's time to take action! Don't let this golden opportunity slip away. Here's what you can do to seize the moment:
1. Conduct Thorough Research: Dive into the world of Bitcoin and educate yourself on its fundamentals, market trends, and potential risks. Knowledge is power, and being well-informed will help you make sound investment decisions.
2. Consult with Experts: Reach out to financial advisors or cryptocurrency experts who can provide valuable insights and guidance tailored to your specific investment goals. Their expertise can help you navigate the market with confidence.
3. Start Small, Scale Up: Begin by allocating a portion of your portfolio to Bitcoin and gradually increase your exposure as you gain confidence and witness the market's performance.
Remember, every journey begins with a single step!
Are you ready to embark on an exciting adventure in the world of Bitcoin? The potential rewards await those who dare to embrace this digital revolution! 🌟
If you have any questions or need further assistance, please don't hesitate to comment to reach out.
Area where strong buyers are present.Considering S&P was absolutely ripping (currently at major resistance at the moment) XRP news, USD dumping and other bullish narratives. BTC has been slow to react, that said I can see it catching a lot of people offside with a move down to sweep current range lows and push back up. I am by no means bullish but I can see a move zone to this area and last push back up to take out late shorts and then continuation back below. just my current thoughts on what PA is telling me.
BTC Trading Range: Will Bulls Prevail?BTC remains confined within the range of 29500 and 31437.94. A significant price swing and closing on higher timeframes will signal either an upward or downward movement. Considering the recent trend leaning towards the upside and the breakdown of DXY, the likelihood of an upward move appears stronger.
Distance from the dangerous area and trying to flyBitcoin is still in a neutral trend, and upon reaching the bottom of this trend, the possibility of growth will gain strength
BTC Geometric Price and Time projectionThis chart looks at a 200-day dominant cycle of BTC (current DC is actually 185 days peak to peak represented int he Gann Box). Based on this analysis with geometry and gann boxes at the 185-day dominant cycle length, I see a price for BTC at 39K by October. I think this is a very conservative target. That said the geometry of it all cannot be ignored. The 0.25 and 2.5 shows up in multiple places with a perfect 0.33 on the 0.25 Gann Box representing the price axis bringing completion of peak to peak at 185-200 day cycle around 39,000 - 40,000. I could also see a flash dump in the next day or two down to 29,600, but that is the bottom. BTC has moved sideways for the majority of its declining cycle strength which tells me it has strength. Long story short I would not be trading this market and accumulating for the longer-term is probably the best move.
