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Bullish Bitcoin Bounce? Key Support Levels to Watch!📈 With the current price of Bitcoin at $68,700, the marked levels can be analyzed with respect to this price: 💸 $64,081.71: This level is now acting as a support level since the price is above it. It could be a recent swing low or an area that previously had significant trading activity. If the price were to retract, this level might be where buyers could step in, maintaining the bullish momentum. 🚀 $65,731.31: Very close to the current price, this level might be an immediate support or pivot point. It could have been a resistance level that, after being breached, might now serve as support. 🔍 $60,569.41: Now below the current price, this level may have acted as a support during a recent pullback or consolidation phase. If the price retraces, this could be another area of interest for buyers. 🧲 $56,746.32: Further below, this level is positioned near the 61.8% Fibonacci retracement level of a previous move, often seen as the most crucial level by traders. Since the price is significantly above this level, it suggests that Bitcoin is currently maintaining a bullish stance. 🛡️ $53,032.31: Also below the current price and near a 61.8% Fibonacci retracement level, this area could offer substantial support if there were to be a deeper pullback. 🧐 $49,054.32: Near the 50% retracement level, it's a critical psychological and technical area. If the market were to turn bearish, this would be an important level to watch for potential stabilization. ⛓️ $44,614.32: This level is well below the current market price, positioned just above the 23.6% retracement level. It would only come into play in a significant market downturn and could represent a long-term support area. 💪 Considering the current price of $68,700, the market sentiment appears bullish, and the closest levels to watch would be $64,081.71 for immediate support and $65,731.31 for short-term retracements. The higher levels, such as $56,746.32 and $53,032.31, become relevant for more considerable pullbacks and could indicate areas to watch for potential buy opportunities. The levels well below the current price, like $49,054.32 and $44,614.32, would be relevant if the market sentiment changes drastically, signaling areas where the price could potentially stabilize
CRYPTO:BTCUSD
by Shibunacci
Bullish ☀️ Shines on ETH, Upside Potential For The Entire WeekThe deadline for the Securities and Exchange Commission (SEC) to decide whether to approve or reject eight spot Ether ETF applications on its table lapses in less than two months. However, there seems to be little contact with the concerned asset managers, contrary to last fall prior to the approval of the first nine spot Bitcoin ETFs in the US. “Re Eth ETF approval, we are holding the line at 25% odds altho tbh it is a very pessimistic 25%. The lack of engagement seems to be purposeful vs procrastination. No positive signs/intel anywhere you look. Personally hope they do approve it but it just ain't looking good,” Bloomberg’s ETF analyst, Eric Balchunas, said. The Chief Legal Officer of Grayscale, Craig Salm remains confident of their approval. “In the final months leading up to #Bitcoin ETF approval, @Grayscale and others received positive and constructive engagement from the SEC. We had thoughtful conversations and discussed the finer details of creation/redemption procedures, cash v. in-kind, APs, LPs, custody etc.” “All of these issues were figured out and are identical when comparing spot #Bitcoin to #Ethereum ETFs. The only difference is rather than the ETF holding bitcoin, it holds ether. So in many ways, the SEC already has engaged and issuers simply have less to engage on this time,” Salm added. The price of Ether fell 1.4 percent to $3,609 over the past 24 hours. Mixed trading conditions lie ahead for the global crypto market in the next 24 hours, with a bullish sun shining over Bitcoin and Ether. Bearish clouds, signaling downside risks, linger over Ripple’s XRP, Cardano and Binance Coin. The forecast is sunnier over a one-week horizon, with all cryptocurrencies covered by ATTMO likely to profit from upside potential, Ethereum included. Follow us for more crypto weather news and reports!
BITSTAMP:ETHUSDLong
by ATTMO
Litecoin (LTC): Target 1 hit! ...what's next?Hi Traders! The Trend returned to bullish on the daily chart and our setup worked correctly reaching Target 1 around 102.00 area (see chart below). That said, if Litecoin manages to hold the supports shown on the chart, we still expect an interesting bullish continuation with our new Target 1 around the 130 area. With this in mind, we do not rule out some corrective structure in the near term, but if it happens it should be considered as a Buy Opportunity. As we can see on the daily chart, we are approaching the first major resistance around 108 area, if it wants to break it, it should do so within a couple of sessions. Litecoin Setup (Part. I) ====================== Trade with care Like | Share | Comment
BINANCE:LTCUSD.PLong
by TheAnonymousBanker
BTC Bullish Rally Before the Halving Event ☀️🚀Cryptocurrencies rebounded over the past 24 hours, after a week of profit taking and ahead of Friday’s options expiries. Almost $9 billion worth of Bitcoin options will expire then, an event likely to trigger price volatility, Deribit data shows. The price of Bitcoin rallied 5.5 percent to $70,862 over the past 24 hours, trading 4 percent below its all-time high. Bitcoin’s halving in less than a month’s time is another supporting factor. Read more about its halving here. “#Bitcoin has just caught traders off guard (as usual) with a huge rebound ascension to $70K. Why? Key #Bitcoin stakeholders had one of their single largest accumulation days in years. 51,959 collective #Bitcoin were accumulated . This translates to 0.263% of the entire currently available supply being accumulated in one day. As we close in on the final three weeks of the #halving on April 19th, it would be unsurprising to see these wallets continue to grow, resulting in a positive impact on #crypto-wide market caps,” the crypto intelligence firm Santiment said. The crypto universe is also boosted by comments from BlackRock’s Head of Digital Assets Robert Mitchnick. A modest concentration of Bitcoin in a portfolio can turn it into a diversifier, as the crypto coin generally is uncorrelated to other assets and has different fundamental drivers, CNBC quotes him as saying. A bullish sun, indicating upside potential, shines over the global crypto market and Bitcoin in the next 24 hours and coming week, ATTMO shows. Over a one-week horizon, the largest cryptocurrency should continue to profit from the bullish trading conditions. Follow us for more crypto weather and news reports!
BITSTAMP:BTCUSDLong
by ATTMO
SOLUSD Neutral Outlook CRYPTOCAP:SOL is at a unique point in its recent breakout. As you can see with the blue lines we broke out of a bull flag recently. This move has since shown higher lows and higher highs being put in. The yellow line is the current uptrend and unless it is invalidated this may be a good entry for the bulls. Otherwise the bears can look for their opportunity when the yellow trend line is broken and we push lower. As always manage your risk and ask questions!!
COINBASE:SOLUSD
by Mustangsvt281
Bitcoin: has the pullback finished?Today's focus: BTCUSD Pattern – failed high? Support – 63,140 Resistance – 68,290 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the BTCUSD daily. After yesterday's fightback rally, we have run over a few ideas around BTCUSD. Will we see the current selloff continue despite a firm move from buyers yesterday? Will we see buyers shake off a push by sellers and follow up on yesterday's buying with further gains? Good trading.
EIGHTCAP:BTCUSD
by Eightcap
You Must See This - Analysis VETHi all, I would like to provide an analysis of BINANCE:VETUSDT We are currently trading above a strong support zone in the range of 0.037 to 0.039 . Moreover, we have established an uptrend starting around 0.015 . Our initial goal is to remove liquidity from (x) and then test the resistance zone located between 0.060 and 0.068 . You need to carefully monitor the stability of the support zone during retesting. I'm inclined towards an upward price movement for the asset.
Long
by truepersonal
#BITCOIN would face important resistance in this regionAs you can see in the chart, we have four bullish trendlines that have contained almost all the price action since the beginning of 2013. During this time, the price has never gone above the upper line or below the lowest line. Every time it reaches the middle lines , on the other hand, the price encounters a resistant or supportive force, causing a pause in price movement or a reversal. This time, too, we could see a reaction from this zone, but we should wait and see if it's going to break above the line or reject from it. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
BITSTAMP:BTCUSD
by mohemati
1
BTC Rally Continues? ☀️ Week Ahead? The upward trend of cryptocurrencies continued, with Bitcoin reaching yet another all time high this morning at $73,777. The world’s largest cryptocurrency has rallied 74 percent since the beginning of the year compared to the S&P 500’s and Nasdaq’s 9 percent and the Nikkei’s 28 percent. Bitcoin will continue to profit from a bullish sun in the next 24 hours and week, indicating further upside potential, ATTMO shows. “As #Bitcoin now closes in on its final 5 weeks before the highly anticipated #halving, its price action and continued #AllTimeHigh levels are major topics. #Blackrock and #AI assets are also gaining crowd interest & having an impact on #cryptocurrency,” the crypto analytics firm Santiment said. “This Bitcoin bull market is not over,” said Head of Research at 10x Research, Markus Thielen, adding Bitcoin has the potential to climb to $146,000 by this summer. The digital asset research consultancy, however, sticks to a $125,000 price target. The price of Bitcoin rose 0.5 percent to $73,326 over the past 24 hours. Some believe that the current rally is driven by a wider adoption of crypto assets following the approval of spot Bitcoin exchange traded funds (ETFs) in the US. The approval has been seen as an endorsement of digital assets by the regulator. “All of a sudden, the US has broadly embraced Bitcoin… Americans like Bitcoin and digital assets. This will be an issue for the Democrats . Baby Boomers are putting in small amounts in ,” Mike Novogratz, the CEO of the crypto Investment firm Galaxy Investment Partners told CNBC. Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
$BTC to $230k USDBITSTAMP:BTCUSD to $230k this Bull Market... I will keep this Idea posting short and to the point. My prediction for this bull market of 2024-2025 is to see CRYPTOCAP:BTC reach an " all time high " of $229,563. Now that Bitcoin is trading above the previous ATH (all time high) of ~ $69,000, depending on your exchange data, the question becomes "where will Bitcoin trade to?" Seeing as Bitcoin is back to No Mans Land , we can only assume what price levels it will reach for. Although Whole Numbers in PA (Price Action) are relevant and will play a role in price, its only part of the story. The logic behind this prediction will be shared at a later time in this post. $230k 2024-2025 Bull Run Price Target $230k (rounded up) is the "top out" for this bull market. However this post is also to help you, the reader have an Exit Plan . I would strongly recommend at $202,803.00 ($202k rounded down) you start taking profit on CRYPTOCAP:BTC if you have not already by that time. As we approach these price targets I will update this post accordingly. Until then, Good Luck & Good Trading.
BITSTAMP:BTCUSDLong
by WolfAdams