CryptocurrencyWatchGroup

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.

CryptocurrencyWatchGroup

Currently, Bitcoin's support line is holding steady, but we've dipped into a zone that we were trying to avoid. I hope we can maintain support at this downward trendline, which I anticipated. However, the ongoing dock workers' strike adds a layer of uncertainty to the market. We need to closely monitor whether we can achieve another bounce off this trendline. If...

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Today marks the start of the dock worker strike, which isn't great news for the stock market, and as a result, we're seeing Bitcoin drop significantly. I don't think the strike will last too long maybe around two weeks or so but we'll have to wait and see. It's important to be cautious in the stock market during this period. Currently, Bitcoin is finding support...

CryptocurrencyWatchGroup

I’ve just laid out support and resistance based on how I see October shaping up. Hopefully, this chart is helpful to anyone interested. If you'd like more content like this, please hit that like button!

CryptocurrencyWatchGroup

Alright ladies and gentlemen, we're looking at the 4-hour chart for Bitcoin. You can see in this highlighted red box that Bitcoin is in a tight spot. This is a make-or-break moment. Bitcoin needs to break above that green trendline to head to the moon, or it risks getting rejected and heading down. Right now, you should keep a close eye on the 4-hour chart to see...

CryptocurrencyWatchGroup

Alright everyone, let's dive into the chart. Bitcoin has pushed up and reached a resistance level at $66,225.00. Currently, it appears overextended, suggesting a potential reversal is on the horizon. However, I believe Bitcoin might have one more push up to the strong resistance level at $67,700.00. From that point, we could see a pullback, but for now, the charts...

CryptocurrencyWatchGroup

We're now using the 4-hour chart. Bitcoin had a strong rally yesterday, approaching resistance at 66,100. It almost reached that level before pulling back slightly, falling just short. For Bitcoin to show bullish momentum, it must break through this resistance. My 50 EMA is still green, indicating that Bitcoin remains bullish. Once it turns white, it signals a...

CryptocurrencyWatchGroup

We gave the market a few days to react, and last week turned out strong. The FED's rate cut sparked a solid response. Bitcoin has been moving sideways for the past few days, but it just got a boost, forming a double top. This might indicate a potential reversal. For confirmation, we need the current candle to close below the yellow line; if it closes above, we...

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Alright folks, here's my outlook on Bitcoin's path to $100,000. Based on the current technical setup, if Bitcoin can stay within the Pitchfork green zone, we could see it hitting $100,000 as early as 2025. However, if it lingers in the Pitchfork red zone, we're more likely to see $100,000 by 2026. Now, diving deeper into the analysis, my custom indicator has...

CryptocurrencyWatchGroup

Alright, ladies and gentlemen, we're looking at Ethereum Coinbase 4-hour chart. As you can see, it's been hovering around the 0.786 Fibonacci level for a few days, but it has faced multiple rejections today. The market buyers are present, but moderately so we need more buying pressure to push Ethereum above that 0.786 level. If Ethereum can break through, we could...

CryptocurrencyWatchGroup

Just spotted a bullish setup on the 4-hour chart for the Gemini Exchange. It looks like we could pop to $65,000.

CryptocurrencyWatchGroup

On the Bitcoin Coinbase 4-hour chart, we had a solid day with plenty of buyers in the market. However, as I mentioned earlier, this is just the beginning, folks. Right now, you can see that the Fibonacci 0.618 level has been rejected three times, leading to a drop all the way down to around $62,800. We need this level to hold as support; if it breaks, our next...

CryptocurrencyWatchGroup

Good news today, ladies and gentlemen! The Fed has dropped interest rates by 50 basis points, which is exactly what we were hoping for. The market has reacted positively, and Bitcoin is climbing, currently at $61,831. We're looking for Bitcoin to close above this support line of $61,689.00 and if it bounces from here, we could face resistance at $62,905. Further...