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Bitcoin Holds Above $37,000 Amidst Thanksgiving Holiday TradeCryptocurrency values experienced a modest decline on Thursday, attributed to lower trading volumes in Bitcoin and Ether during the Thanksgiving holiday. Meanwhile, some altcoins demonstrated upward momentum even as the major cryptocurrencies saw a dip in their prices. After surpassing the $37,000 threshold earlier in the week and testing the $38,000 resistance multiple times, Bitcoin (BTC) saw a retracement of short-term profits on Thursday, as traders opted to secure gains ahead of the Thanksgiving holiday. Notably, Crypto Myths pointed out that a significant portion of selling pressure on leading cryptocurrencies stems from short-term holders liquidating their BTC positions back into exchanges after breaching the $37,000 mark.
BITSTAMP:BTCUSD
by Larissa-Trader
1
BTC/USD Technical Analysis: Bitcoin Faces Downward Pressure Bitcoin's price experienced a decline on Tuesday and Wednesday following a series of significant legal developments in the industry. The BTC/USD pair dropped to a low of $36,260, significantly below the year's peak of $38,000. The BTC/USD pair retreated after reaching a high of $37,800 on Tuesday. On the 4-hour chart, it remains within an ascending channel represented by black lines. It is currently consolidating at the Exponential Moving Average (EMA) 50 and EMA 25. The Relative Strength Index (RSI) has moved below 50. Upon closer inspection, it has also formed a triple-top pattern, often a sign of a price decline. The neckline of this pattern is at $34,740, the lowest point on November 14th. Therefore, the outlook for this currency pair suggests a potential price decrease, with the next level to watch being $34,738. This perspective will be confirmed if the price moves below the lower boundary of the ascending channel. An alternative scenario is a recovery for this pair, moving above this week's high of $37,800.
BITSTAMP:BTCUSD
by Larissa-Trader
1
BTCUSDT I am short!!!Hello everyone i want share my idea about BTCUSDT. last couple week we see bitcoin going and going higher but i think its time to see some correction of the price. after strong up movement we see trend going still higher but not strong, i think that movement is not strong as last 2 week which need correction for active new buyers. What i am looking for my short position, last week we saw some aggressive sell but then we got strong reaction from buyers which pumped to near this month high then it got rejection from sellers but buyers catch price and its going slower up, i think it will continue first upside movement we will get some liquidity swing which will be signal for sellers and they take will take control or we will not have liquidity swing it will brake this upside trendline and slowly it will come down. If price action will not make some strong buyside liquidity i will not open my short position and wait reaction from buyers at support LVL which i have marked at 33000 and 31000. But also we have some interesting movement at USDT dominance which fall to weekly support broke it and price start consolidate below that weekly support, we didn't get some strong push from buyers, if USDT Dominance will start push high my i will short not only bitcoin, i will short crypto market. Here is 3 scene of price movement what i expect in next 2 week. BE PATIENT!!! ALWAYS MAKE YOUR OWN RESEARCH!!!
Short
by elmakacho
3
Bitcoin Price Faces Key Support Check Amid Market Weakness The price of Bitcoin (BTC) is displaying weakness, registering a 3% decline in a day, with most of these losses attributed to news surrounding the Binance exchange. Testing a crucial support level at $36,788, and with the Relative Strength Index (RSI) indicating weakening momentum, BTC could face further declines. Increased selling pressure below the critical $36,788 level within the extended supply zone ranging from $36,276 to $37,301 could present an opportunity for an extended downturn, with experts predicting a potential drop to the psychological level of $30,000. Currently, the bars on the Awesome Oscillator (AO) charts have dipped into the red and inch slightly towards the daily midpoint. This signals a gradual dominance by the bearish camp. Conversely, rising buying pressure from investors seeking to capitalize on the $36,788 retest could push the Bitcoin price higher. The first target would be surpassing the local peak at $37,972 before testing the upper range at $37,980 and ultimately achieving the psychological level of $40,000, representing a 10% increase from the current level.
BITSTAMP:BTCUSD
by Larissa-Trader
2
Bitcoin ETFs: Catalyst for Crypto's ComebackThe imminent approval of Bitcoin exchange-traded funds (ETFs) signals a potential resurgence for digital assets, attracting institutional and retail investors alike. The U.S. SEC is expected to greenlight ETFs by mid-January, opening the door for influential players like BlackRock and Fidelity to allocate a portion of their portfolios to cryptocurrencies. This regulatory shift comes in the aftermath of FTX's industry-shaking moves, dampening crypto enthusiasm despite recent market recovery. While traditional investors remain cautious, the normalization of Bitcoin through ETFs could redefine the market, offering transparency and liquidity benefits. The anticipated change holds promise but will likely take time to unfold, marking a potential turning point for digital assets.
BITSTAMP:BTCUSD
by Larissa-Trader
1
Bitcoin ETF to Further Democratize Financial Access Navigating the intricate landscape of blockchain technology and cryptocurrencies, roundtable host Rob Nelson engaged in a insightful conversation with Lule Demmissie, CEO of eToro USA. Their discussion delved deep into the future of digital assets and the evolving trends in cryptocurrency finance. Demmissie outlined how eToro users can trade not only bitcoin but also ether and over 20 other cryptocurrencies, emphasizing the democratizing aspect of digital assets. This democratization has enabled a broader audience to access a variety of alternative assets. According to Demmissie, this shift reflects the growing diversity in digital asset ownership. The conversation touched upon recent events in the cryptocurrency world, including the legal case involving Sam Bankman-Fried. Nelson pointed out that such fraud cases are not exclusive to cryptocurrencies but are common challenges in the financial world. He highlighted the cleansing effect these incidents have on the cryptocurrency space, supporting the potential democratization of bitcoin as a decentralized currency. The discussion then shifted focus to the anticipated launch of exchange-traded funds (ETFs) for bitcoin. Nelson expressed his belief that these ETFs would significantly democratize bitcoin, a sentiment echoed by Demmissie, who emphasized the importance of not solely concentrating on spot ETFs. She advocated for expanding the use of digital assets and decentralized finance (DeFi), envisioning a future where traditional finance (TradFi) and DeFi coexist to diversify risks in an increasingly complex world. As the conversation concluded, Demmissie underscored the potential of blockchain technology and tokens to empower communities and revolutionize non-profit sectors. She emphasized the role of technology in breaking down access barriers and democratization, a theme resonating throughout their discussion on the future of cryptocurrency. The dialogue between Nelson and Demmissie provided valuable insights into the current state and future potential of cryptocurrency, highlighting the crucial role of technology in democratizing finance and creating new opportunities in the realm of digital assets.
BITSTAMP:BTCUSD
by Larissa-Trader
BTC h1 ✅Down fall of BTC some range trend and a big correction for BTC as if stops raising up !!! ⠀⠀⢀⣠⣤⣴⣶⣶⡦⠤⠤⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⢰⣿⣛⣉⣉⣉⣩⣭⣥⣤⣤⣤⡤⢀⡀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠈⠀⠉⠉⠁⠀⠀⠀⠀⠀⠀⠈⠉⢢⠆⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⢀⠤⠤⠤⠄⢀⣀⣀⣀⡘⡄⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀⡠⠐⠁⠀⠀⠀⠀⡀⠀⠀⢴⣶⣧⡀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⡠⠊⠀⠀⠀⠀⠀⠀⠀⠹⡄⠀⠨⣿⣿⣷⡄⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⡸⠁⠀⠀⠀⠀⠀⠀⢰⠀⠀⠙⣤⣶⣿⣿⣿⣿⡄⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⡐⠁⠀⠀⠀⠀⠀⡠⣴⠾⣷⡆⠀⢿⣿⣿⣿⣿⣿⣧⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠇⠀⠀⠀⠀⠀⠀⠀⠀⠀⢀⣧⣴⡄⢻⣿⣿⣿⣿⣿⠀⠀⠀⠀ ⠀⠀⠀⠀⢸⠀⠀⢠⠀⠀⠀⠀⠀⠀⠈⠉⢉⠿⢿⣆⢿⣿⣿⣿⣿⡀⠀⠀⠀ ⠀⠀⠀⠀⠎⠀⠀⣿⡄⠀⠀⠀⠀⠀⠀⠘⠋⢛⣟⠛⠃⠙⠻⠿⣿⡇⠀⠀⠀ ⠀⠀⠀⢸⡄⠀⠀⡘⠋⠉⡀⢠⣾⡰⢶⣶⡖⠁⣤⣳⣿⣶⢶⣶⡌⠳⠤⣀⣀ ⠀⠀⠀⢸⢠⠀⢀⣿⣿⣶⣿⣿⣿⠇⠀⠁⣷⣄⣈⣙⣛⣿⣿⣿⡲⡒⠒⠒⠊ ⠀⠀⠀⠀⣿⣾⣿⣿⣿⣿⣿⣿⡟⠀⠀⣰⣿⣿⣿⣿⣿⣿⣿⣟⣿⣶⡄⠀⠀ ⠀⠀⠀⢠⣿⣿⣿⣿⣿⣿⣿⣿⣇⠀⠐⣿⠿⣿⣿⣿⣿⡿⠋⠀⠙⣿⡇⠀⠀ ⠀⠀⠀⣿⣿⡿⠁⠸⣿⣿⣿⣿⣿⣦⠸⠋⢸⣿⣿⣿⡿⠁⠀⠀⠀⢸⣷⡀⠀ ⠀⠀⠀⣻⣿⡇⠀⠀⠀⣹⣿⡿⢻⣿⢠⡀⠸⣿⣿⣿⣧⠀⠀⠀⠀⠘⣿⣧⠀ ⠀⠀⢠⠉⣿⠇⠀⠀⢰⠋⣿⣰⣁⡟⠀⠁⢼⣿⡿⠿⠏⠀⠀⠀⠀⠀⠋⠟⠀ ⠀⠀⢰⣿⠋⠀⠀⠀⢀⣿⡏⠛⠐⠁⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⣾⡇⠀⠀⠀⢀⠎⢹⠃⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠜⢹⡇⠀⠀⠀⠾⣶⡾⠃⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠮⣿⠿⠁⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀
COINBASE:BTCUSDShort
by KASRA_GT
1
We Could See a Macro Wyckoff Accumulation In my opinion we can see the big guys left their footrpints in shape of secondry test which plays a major roll in Wyckoff Accumulation Method I am not sure yet because of there are diffrent typs of Wyckoff Accumulation and Distribution so cant ruled it out which one is going to playout but the best method is wait and watch either we could find support at 15500$ which will be aslo considered as a Wyckoff Accumulation or we could take out that low to make ATL ( bottom ) for BITCION WHATS MORE LIKLY ? In my opinion more likely Bitcoin has to take that low to create a bottom arround 10K to 8K before new bullrun
Short
by MemoCrypto
5
"Bitcoin Price Rises Northward in Recovery Effort" Bitcoin's price is trending upward, attempting to recover recent losses that wiped out $90 million in open interest from the market. With the 25-day Exponential Moving Average (EMA) hovering at $34,572, BTC is striving to reclaim territory above the crucial resistance level at $36,788. To confirm an upward move, investors should monitor Bitcoin's price breaking and closing above $36,788. This would set the stage for BTC to target the highest range within $37,972 before reaching the psychological level of $38,000. In the case of a strong uptrend, Bitcoin's price could extend its reach to the psychological level of $40,000, representing a 10% increase from the current level. The Relative Strength Index (RSI) is pointing upward, indicating increasing momentum, while the Awesome Oscillator (AO) remains in positive territory, providing additional confidence in the bullish argument. Conversely, another rejection from the $36,788 resistance could lead to Bitcoin losing support from the 25-day and 50-day EMAs at $34,572 and $32,456, respectively, before descending into the supply zone, becoming a trend-reversal tool. In this scenario, it may test the 100-day EMA at $30,528.
BITSTAMP:BTCUSD
by Larissa-Trader
Bitcoin price (BTCUSD) achieves the targetstrong breakout zone The price of Bitcoin (BTCUSD) rushed upward yesterday to succeed in achieving our expected target at 35890.00 and is facing strong resistance there to show some bearish tendency, waiting to gather new positive momentum that supports the chances of breaching this barrier to open the way to achieving additional gains reaching the 36500.00 areas. Therefore, we continue to favor the upward trend for the coming period, keeping in mind that breaking 34680.00 will stop the expected rise and put pressure on the price to make some downward correction in the immediate term. The general trend expected for today: bullish
BITSTAMP:BTCUSDLong
by Evar_Mayi
19
"Bitcoin Slides on ETF Closure Fears, $90M Profits Vanish" Bitcoin witnessed a nearly 5% decline on Tuesday, dropping to $35,500 as the cryptocurrency market grows apprehensive ahead of November 17. This downturn resulted in the liquidation of 119,246 million dollars in long positions, erasing $90 million in open interest for BTC. Alternative currencies also faced liquidation, totaling $194.57 million, under substantial selling pressure. Bitcoin holders and the entire cryptocurrency market are eagerly anticipating developments from the U.S. Securities and Exchange Commission (SEC) following recent statements that the financial regulatory body has a narrow 8-day window to approve or reject a Bitcoin spot ETF. With the closing window, the market is increasingly on edge. Bitcoin's 5% drop and the liquidation of $120 million in long positions come as the SEC remains silent just three days before the deadline. The lack of clarity or hints from the SEC regarding the ETF registration has led to a negative market response.
BITSTAMP:BTCUSD
by Larissa-Trader
1