Bitcoin under selling pressure could retest 58000 Heavy selling could retest nearest support level
Given that the JP Macro Trend script integrates DeMarker and momentum indicators and now includes the OBV data, we can refine the analysis and attempt to outline a more informed probabilistic outcome for the short and longer term. However, it's important to note that probabilities in market analysis are inherently subjective and can vary widely depending on...
Intraday Chart: The intraday chart will play a major role today. 1. A bearish break-out below $60,239 results in a dip towards $58,624 and lower to $56,698. 2. Re-claiming $61,742 is what we need today as it will decrease risk of downside in the daily and weekly charts and likely to lead to $63,245. 3. Similar to yesterday, a slow and choppy consolidation...
Don't Expect a Get-Rich-Quick Scheme: Spot Bitcoin ETFs and Long-Term Strategy The recent approval of 11 spot Bitcoin ETFs by the SEC in January 2024 sent ripples of excitement through the cryptocurrency community. Many envisioned a meteoric rise in Bitcoin's price, fueled by a sudden influx of institutional capital. However, a month later, reality presents a...
Intraday Chart: The intraday chart could save Bitcoin as long as it is trading above $60,239. 1. A bearish break-out and a sustained price action below $60,239 results in dip towards $58,624 and, if broken to the downside, lower to $56,698. Re-claiming $61,742 will be ideal, as it will decrease risk of downside and likely to lead to $63,245. A slow and choppy...
Dominance for bitcoin has been sideways and last week or so no major movement up.or down ,wave trend shows a curve forming on BTC dominance which historically been a downward movement on the 3 day chart
As long as the red box is not broken, lower numbers can be seen
Hello traders, Checkout the latest update on Bitcoin. As expected rejected from resistance. Checkout the last video also
As we closely monitor the current trajectory of Bitcoin, it's evident that its strength is diminishing, prompting a thoughtful examination of our strategic options. In navigating this landscape, it's imperative to remain agile and responsive to market dynamics. Should we witness a loss of the 65475 mark within the span of this week, the scenario of adopting short...
Following CRYPOTLEAN projections to the point, BTC tested the top of $60,239 zone and we saw a bullish rejection leading the price to $63,245 resistance. 1. A dip to $61,742 followed by a strong bullish rejection can lead to a long scalp opportunity towards $63,245 and higher to $66,786. 2. A bullish break-out of $63,245 will lead to more upside towards...
Based on the analysis of technical indicators on BTCUSDT chart, a potential price increase can be anticipated. Currently, the Money Flow Index (MFI) is at a low level, which may suggest an undervaluation and a possible trend reversal. At the same time, the Average Directional Index (ADX), which measures the strength of a trend, is showing growth, signaling a...
1 graph that says it all.. Bitcoin history and a blink for the future?
After a deeper corrective decline, Bitcoin ( CRYPTOCAP:BTC ) bounces strongly, suggesting that the correction may be over at the ideal 38,2% Fibonacci retracement near 56k support. A bullish continuation within wave could send the price back to all-time highs towards 75k-80k area, but short-term pullbacks should be noted. Bitcoin ( CRYPTOCAP:BTC ) price has been...
After accurately predicting the upward movement of bitcoin from the previous year ( link ), I envision this corrective path for it, and after that I see the continuation of the upward movement and high targets for it. If the correction reaches the range of 49,000 to 50,000, we will reach oversold in weekly time and we are ready to start an upward movement. But...
Over the next five months, from May to September, Bitcoin is poised to undergo what I term the "BTC after Halving effects." This phase is not only anticipated to test Bitcoin's resilience but also challenge the resolve of weak holders, as the current price is likely to experience a pullback. However, the extent of this pullback remains uncertain, especially with...
Hello Traders and Investors, today I will take a look at Bitcoin . -------- Explanation of my video analysis: On the higher timeframes of the Bitcoin chart - symbol BTCUSD - you can immediately spot a simple rising channel formation. About a year ago, Bitcoin retested and rejected the lower support of the rising channel formation and is now retesting the...
Hello Traders, Checkout the very quick update on Bitcoin and few coins
Bitcoin lacks the momentum and is gathering liquidity around $63,245 that will continue to act as the magnet. A quick dip to below $63,245 towards $63,244 or the zone around $60,239 followed by a strong bullish rejection can lead to a long scalp opportunity. A consolidation above $63,245 will be considered as a sign of strength and will lead to more...