CryptocurrencyWatchGroup

CryptocurrencyWatchGroup Updated 

I was reviewing some of my old charts and came across this one because the patterns here are really interesting. Back on November 15th, I posted a head and shoulders pattern, but as you can see, it didn’t play out as expected. Every time Bitcoin made a new high, it got rejected and pulled back to the support level. This has happened multiple times Bitcoin goes up,...

CryptocurrencyWatchGroup

The NASDAQ has been struggling to break above the $20,059.24 resistance level, facing multiple rejections in recent sessions. This repeated failure to push higher suggests a potential shift to bearish momentum, especially with broader market weakness observed this week. If the NASDAQ fails to clear this resistance, we could see it break down from its current...

CryptocurrencyWatchGroup

Bitcoin is currently trading within a bullish channel. If it can break out to the upside, the next target is $111,271.50. However, there’s a significant resistance level at $103,618.77. The DMI (Directional Movement Index) is signaling bearish momentum, indicating a decline in buying pressure. As a result, Bitcoin is struggling to overcome this resistance. If the...

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I recently shared a cup-and-handle pattern on a different exchange back on November 16th. Here's the updated version for Bitcoin it has already broken out and is now finding support around $96,500. This is on the weekly chart, and so far, it’s playing out well. The target for Bitcoin is $121,541.00. Wishing everyone good luck in reaching the 100K mark before 2024...

CryptocurrencyWatchGroup

On the 15-minute chart, Bitcoin has formed a bearish head and shoulders pattern and has broken through the neckline. It has already bounced off the 200 EMA, showing positive momentum, but the bearish setup could still play out. The target price is $95,217.76, but we’ll need to watch how this develops.

CryptocurrencyWatchGroup

In my last post, I shared a bullish outlook for Bitcoin, projecting a potential climb to $131,000 by 2025 if it maintains its current pattern of gradual climbs and pullbacks. However, I also highlighted a critical level $100,000. If Bitcoin faces rejection there, a 20% correction could bring prices down to $78,000. Now, looking at the current chart, Bitcoin seems...

CryptocurrencyWatchGroup

Bitcoin is currently trading at $95,452, having come very close to the $100,000 level as of November 21. As Bitcoin approaches this major milestone, it’s important to identify key support and resistance zones based on historical price action and technical analysis. Let’s break down the key levels to watch: $90,642 Resistance: As Bitcoin nears the $100,000 mark,...

CryptocurrencyWatchGroup

Bitcoin is currently facing significant resistance levels, with key price points on the chart acting as crucial barriers to further upward movement. The first major resistance line is at $94,474.97, and if Bitcoin can break through this level, the next hurdle will be at $96,122.29. If Bitcoin manages to surpass both of these levels, it will face a critical test at...

CryptocurrencyWatchGroup

If Bitcoin continues its current pattern of gradual climbs and pullbacks, it could potentially reach as high as $131,000 by 2025. However, if Bitcoin faces rejection at the $100,000 mark, we might see a correction of about 20%, bringing the price down to around $78,000. Such a pullback would be consistent with typical market behavior, where Bitcoin often...

CryptocurrencyWatchGroup

Wow, what a crazy week! Bitcoin came so close to hitting $100,000, which is definitely what I consider a bull market. Right now, I’ve identified two key levels. If Bitcoin does reach $100,000, expect some resistance and possibly a pullback. The first level of resistance is at $95,218, with the next one at $90,247 for support. I’m keeping an eye on $79,985. Now,...

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The S&P has hit an all-time high, breaking previous records. However, the chart suggests a potential reversal as it struggles to break the resistance at the 0.5 Fibonacci level ($6,019.68). Currently, the S&P is holding at the support level of $5,862.46. To maintain its bullish momentum, it must stay above this support. If it fails, the next support level is...

CryptocurrencyWatchGroup

For NVIDIA (NVDA), heading into Monday, 11/18, the key support level to watch is $140.31. If the price breaks below this level, it could signal further downside, with the next significant support zone around $133.46. This would be a critical area for bulls to defend in order to prevent a deeper correction. On the technical side, NVDA's recent price action...

CryptocurrencyWatchGroup

Alright, we’re entering a critical new phase for Bitcoin. I never thought I’d be saying this, but it’s looking like new all-time highs could be on the horizon for 2025. We’re now targeting prices between $102,972 and $118,256. With the newly elected president showing strong support for cryptocurrency, these targets don’t seem unrealistic. If we look back at the...

CryptocurrencyWatchGroup

The rally in Bitcoin could partly be attributed to broader market optimism, often driven by political events. When markets are buoyant, Bitcoin, seen as both a hedge and a speculative asset, benefits from increased risk appetite among investors. That said, Bitcoin’s behavior in relation to politics can be unpredictable. So, with that in mind, we’re now looking at...

CryptocurrencyWatchGroup

Alright, folks, I hate to break the bad news, but it looks like the rally may be over. If you look at the weekly chart, Bitcoin's massive Cup and Handle pattern pushed it effortlessly past its target of $75,021.83, setting new all-time highs. The price has surged above the key yellow trendline, a level where Bitcoin has historically faced significant resistance...

CryptocurrencyWatchGroup

Bitcoin is gearing up for an ideal cup and handle pattern in the coming days or weeks, which could signal a potential breakout. This formation typically indicates a period of consolidation followed by a strong upward move. If the price holds steady and the volume increases as it approaches the breakout point, we might see a significant surge. Let’s keep a close...

CryptocurrencyWatchGroup

I've updated the support and resistance levels as the S&P 500 reaches new highs. I hope this information is presented professionally.

CryptocurrencyWatchGroup

Bitcoin is currently in a triangle pattern and looks ready to break out. We’ve received an early buy signal, and it appears Bitcoin is on the verge of a major move.