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BTC's Short-term Trend Is Weak, The Market May Continue To FallIt is reported that Maxine Waters, chairman of the U.S. House of Representatives Financial Services Committee, said at a hearing on cryptocurrency by the Supervision and Investigation Subcommittee that the committee has begun a thorough investigation of the crypto market. When trying to better regulate cryptocurrencies (including cryptocurrency issuers, exchanges, and investments), regulators and Congress will face many challenges. The committee not only makes this market with low regulatory limits more transparent but also ensures that protective measures are in place. At present, it has begun a policy review of this market. Back to the market, Bitcoin continued to decline in the short term, falling below the support of $34,000. The short-term correction is strong and the trend is weak. The support level could be focused on the $32,500 line. If the price breaks, it will continue to fall; if it does not break, the market may rebound. The upper resistance level could be focused on the $36,500 line.
by UnknownUnicorn4950529
Bitcoin is Bullish. BITMEX:XBT Since the complete Crypto meltdown MSTR has outperformed Bitcoin off the lows. Saylor announced that MSTR has bought another $500 million worth of Bitcoin and also filed to sell up to $1 billion worth of MSTR to fund more Bitcoin purchases. MSTR now holds around 110,000 Bitcoins. Many institutions have expressed interest in Bitcoin exposure which carries great risk for them to custody the Bitcoin themselves. Being that MSTR is basically a Bitcoin holding company it seems that institutions are buying the Bitcoin dip. To keep it simple..... Number go up.
NASDAQ:MSTRLong
by UnknownUnicorn5478134
Bitcoin Last Perfect Analysis update and Still Potential $100k ?#BTCUSDT Last Perfect analysis Update:- $BITCOIN currently trading at $35600 And Guys If you remember I told you to partially exit from $50k Recently Bitcoin Dumped till $28600 Mean more than -50% from All time high. So Hope you happy with my Spot analysis. And exactly hit my lower Target zone. IDEA Also Attached. Now…? Guys Its clear Bitcoin Is future for Digital world. But Ups and down is Part of Trading. So Keep in mind If hold $30000 level then We still can see $100k But If break down $30000 level then I will bearing till $15k So Never do Gambling and Trade with Proper setup. Patience always Pays off. Support:- $30k/$23k/$18k Resistance:- $41k/$60k Please Press LIKE ❤️ if You Happy with my analysis.
BITSTAMP:BTCUSDLong
by CryptoPatel
13
BTC | Bearish | Areas of InterestSentiment: 25 - Extreme Fear Trend: Bearish While the market has been consolidating in a lower area for nearly a week, it is clear that there are a number of strong Sell-side areas to drive price lower. I understand that accumulation at this point could lead to an aggressive move to the upside, but until I see the trend change I will continue to be bearish in the short term. focus on the Sell-side (Red) areas of interest. As an intraday trader, I will be looking for a good setup to trade back into the trend. Buy-side areas are great for exits 🕵🏾‍♂️ & Don't forget to follow me on tradingview Happy Trading Regards Mr Ionic
Short
by Little_Big_Movement
Bitcoin | Falling Wedge Formation in 1D Chart..!!#BTC (Update) In daily timeframe Chart, Bitcoin is Forming Falling Wedge Pattern..!! RSI Indicator is Printing Classical Bullish Divergence .. At the Moment, Bulls testing the Resistance 35k, If resistance got Cleared, Expecting Huge Bullish Wave towards the 48k in Coming Days. In case of Rejection, Bitcoin Might Retest the 30k Area (Lower Low), If Daily Candle Closed Below the 29k, then Falling Wedge Pattern Will be invalid. Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
BITFINEX:BTCUSDLong
by Faibik
6
Similar charts, not necessarily out of the same market Bitcoin's recent moves are very similar to those of August 2020, but similar charts don't necessarily follow the same trend. In August 2020, Bitcoin was in a platform breaking trend, which is similar to the current trend. It is also the 5-wave correction of ABCDE, and then began a new upward trend. But the two market, there are also some differences 1. Average differential, the correction did not break MA144 then, whereas the current correction is below MA144 2. At that time, the rebound from the low of $3880 lasted 5 months, up less than 150%, while the current market, up 7 months, up more than 500% 3. Changes in the global financial market environment. Last March, the Federal Reserve in order to rescue the epidemic, excessive issuance of dollars, global funds are under inflationary pressure. Now that the epidemic has subsided and the economy has recovered, fighting inflation is the main task, and the Federal Reserve is talking about raising interest rates. 4. As the digital currency led by Bitcoin has performed well in the past year and become the leader in the global financial market, it has triggered the attention of governments and financial regulatory departments of various countries, and regulatory policies have begun to tighten. Although more and more financial institutions have occurred and supported Bitcoin, SEC has no intention to regulate digital currency, which means that ETF is far away. China has cracked down on mining in order to achieve a carbon peak, resulting in unstable calculations. There's a growing controversy over how big names like Musk manipulate currency prices through Twitter. If these issues are not addressed, digital currency will not truly become a mainstream financial product. So we see two markets, similar charts, but also very different, if you want to get out of the September 2020 breakout market is not small. As an investor, there is no need to worry about where the market is going. What we need to do is not to go against the trend after it has formed.
COINBASE:BTCUSD
by peter-l
1