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BTCUSDC

If Bitcoin Drops From This Channel Then 48k IncomingTitle is straight and to the point. We are now on the bearish side of our trend lines. Though, long-term, Bitcoin remains bullish and is, in fact, inside of a long-term bullish channel (bull flag), if we drop from this channel then 48k will most likely be retested as support. 48k, if you remember, is the neckline of our long-term inverse head and shoulders pattern. Typically, price likes to retest significant levels like this one. It hasn't done so since we broke out in February. Will we do so now? Watch that channel for your answer.
INDEX:BTCUSD
by stewdamus
Bitcoin Price Nears 200-Day SMA: Bullish Signal on the Horizon? Bitcoin (BTC), the world's leading cryptocurrency, has been on a rollercoaster ride in 2024. After a strong start to the year, prices dipped below the crucial 200-day Simple Moving Average (SMA) in early July, sparking concerns about a potential bear market. However, recent price movements suggest a potential bullish reversal, with Bitcoin again hovering close to the 200-day SMA. The 200-Day SMA: A Key Indicator The 200-day SMA is a technical analysis tool investors use to gauge the long-term trend of an asset's price. It's calculated by averaging the closing price of Bitcoin over the past 200 days. This metric helps smooth out short-term price fluctuations and provides a clearer picture of the overall market direction. Historically, the 200-day SMA has played a pivotal role in identifying bull and bear markets for Bitcoin. When the price trades above the 200-day SMA, it's generally seen as a bullish signal, indicating an upward trend. Conversely, prices consistently falling below the SMA suggest a bearish market. Bitcoin's Recent Price Movements In early July, Bitcoin dipped below the 200-day SMA for the first time since August 2023. This triggered anxieties among some investors, questioning the sustainability of the current bull run. However, it's important to note that such temporary dips below the SMA have occurred during previous bull markets. For instance, in 2016, Bitcoin fell below the 200-day SMA for three months before embarking on a significant upward trajectory that culminated in the 2017 bull run. Similarly, in 2023, Bitcoin dipped below the SMA in August but recovered shortly after, continuing its bull run through the end of the year. Reclaiming the 200-Day SMA: A Potential Bullish Signal The current situation presents a critical juncture for Bitcoin. It could be a significant bullish signal if the price can successfully reclaim the 200-day SMA and maintain a position above it. This would suggest a continuation of the current bull run and potentially pave the way for further price increases. There's historical precedent for such a scenario. In early 2023, Bitcoin successfully reclaimed the 200-day SMA after a brief dip, marking the beginning of a strong bull run that lasted throughout most of the year. Factors Supporting a Bullish Outlook Several factors contribute to the potential for a bullish reversal. Firstly, Bitcoin's underlying fundamentals remain strong. The network continues to experience steady growth in hash rate, indicating strong miner participation and network security. Additionally, institutional adoption of Bitcoin is on the rise, with major investment firms and corporations increasingly recognizing its potential as a valuable asset class. Secondly, the recent price dip could be attributed to short-term market corrections and profit-taking by some investors. These temporary fluctuations are natural occurrences within any bull market and shouldn't necessarily be interpreted as a sign of a long-term bearish trend. Looking Ahead: Important Considerations While the current price movements suggest a potential bullish outlook, it's crucial to maintain a cautious and realistic perspective. The cryptocurrency market remains highly volatile, and unforeseen events can trigger significant price swings. Investors should closely monitor economic factors, regulations, and industry developments that could impact Bitcoin's price. Additionally, conducting thorough technical and fundamental analysis is essential before making any investment decisions. Conclusion Bitcoin's price hovering near the 200-day SMA presents a fascinating situation. While a successful reclaim of the SMA could signal an upcoming bullish phase, continued vigilance and comprehensive analysis are necessary. The cryptocurrency market is dynamic, and investors should be prepared for potential volatility. However, the underlying strength of Bitcoin's network and growing institutional adoption suggest that the long-term outlook remains promising.
BITSTAMP:BTCUSDLong
by bryandowningqln
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 Potential Path To $85,000We have been selling off for quite a bit which is expected after we touched 70k, lining up the trend with previous bull runs you can see that same exact pattern which consists of dipping until the sell is exhausted and the downtrend shifts to a massive pump. This is lining up perfectly with this years price action, there is a chance that August will be the start of the massive leg up which would lead to euphoria, we are quite literally about 22 days away or the downtrend shifts within a week to two and then we see a 3 month run up, this is all hypothetical, but it also makes sense with the election lining up, etf releases, the potential squeezes on GME and AMC, the universe is aligning once again, we’re almost there…. Or we go to 0, not financial advice #WAGMI
Long
by SnyyperT
2
#BTC/USDT#BTC The price of Bitcoin is moving in a bearish channel on a 1-day frame. The price adheres to its limits in a wonderful manner. It is expected to be breached in the coming period to the upside due to the presence of significant oversold saturation. With a bounce from the lower border of the channel, which supports the rise We have a bounce from the green support area at 54500 We have a tendency to stabilize above the Moving Average 100 We have a downtrend on the RSI indicator that is about to break higher and supports the rise Entry price is 55,800 The first target is 63325 Second target 70280 Third goal 78524 Fourth target 85350
Long
by CryptoAnalystSignal
BTC Bitcoin Technical Analysis and Trade Idea👉🔍 In this analysis of BTC Bitcoin, we examine higher time frame charts that show a bearish trend with a retracement into resistance. I anticipate a possible sell opportunity given that the market is overextended and trading into resistance. It’s crucial to understand that this is speculative and not a guaranteed forecast. Watching for specific price movements to confirm a buy or sell is essential, as explained in the video. This video offers a detailed look at the trend, market structure, and price action. Keep in mind, this content is for educational purposes only, and trading carries significant risk. Always use robust risk management strategies in your trading practices. 📈🔔
Short
by tradingwithanthony
Short-term Bitcoin Analysis - Don't looking for long-term!!!Hello friends, I always provide short-term analysis in my trades and the analyses I conduct because market conditions are variable and can change rapidly. The longer the analysis timeframe, the fewer factors and conditions it incorporates for potential changes. So Don't looking for long-term analysis! Let's start with the Bitcoin analysis: After hitting a new high, the price experienced a drop, but we cannot call this drop the end of the bull run or a trend reversal. We are simply observing the formation of a base. This base could potentially rally on the weekly timeframe, or maybe not. As long as Bitcoin remains above the 58,200 to 59,100 level (the green zone from which the price bounced back), it can continue its upward movement. However, if this support zone is broken, the price could drop to a lower green level. If you are a holder, you might consider lightening your portfolio if there is a sustained break below the support zone. Keep your trading simple.
Long
by Thisis_crypto
Short-term Bitcoin Analysis - Don't looking for long-term!!!Hello friends, I always provide short-term analysis in my trades and the analyses I conduct because market conditions are variable and can change rapidly. The longer the analysis timeframe, the fewer factors and conditions it incorporates for potential changes. So Don't looking for long-term analysis! Let's start with the Bitcoin analysis: After hitting a new high, the price experienced a drop, but we cannot call this drop the end of the bull run or a trend reversal. We are simply observing the formation of a base. This base could potentially rally on the weekly timeframe, or maybe not. As long as Bitcoin remains above the 58,200 to 59,100 level (the green zone from which the price bounced back), it can continue its upward movement. However, if this support zone is broken, the price could drop to a lower green level. If you are a holder, you might consider lightening your portfolio if there is a sustained break below the support zone. Keep your trading simple.
Long
by Thisis_crypto
$BTC symmetrical tringle bullish pattern?CRYPTOCAP:BTC is in a rising symmetrical triangle pattern. This is a bullish pattern that usually breaks in an uptrend. We might touch the resistance at the EMA 100 before reversing to the upside, so be patient. The MACD is not reset yet, and the RSI is showing many divergences created by the unexpected selling pressure that could not be forecasted by the chart. However, the signs of a reversal are present, assuming that the selling pressure will stop. The CMF is at the bottom, showing fear, and since it cannot go lower, it should recover. The RSI on the daily is close to the bottom, indicating a soon reversal to the upside. In case of continued selling pressure, an invalidation of the chart would bring the support to the EMA 200 at 58k. Let's hope that does not happen.
Long
by CryptoNikkoid
3
BTC Bitcoin Technical Analysis and Trade Idea🔍 In this BTC Bitcoin analysis, we explore the higher time frame charts which currently indicate a bearish trend for Bitcoin. However, the price action on a 15m timeframe suggests a possible short term reversal. It's important to note that this is speculative and not a guaranteed forecast. It's prudent to watch for certain price movements to verify a genuine reversal. This video provides a close look at the trend, market structure, and price action. Remember, this content is for educational purposes only and trading carries significant risk. Always ensure you implement strong risk management strategies in your trading practices. 📈🔔
by tradingwithanthony