Technical Analysis and Outlook: Bitcoin has completed our Inner Coin Dip 57200 and rebounded strongly with renewed strength. Currently, the main barrier to further upside move is marked at 64000. It is expected to experience a pullback to retest a Key Sup 58300, which will lead to renewed a Bull Stage movement targeting the Mean Res of 64000, 66900, and beyond.
Bitcoin has entered a critical juncture, with its price dipping below $56,500 this week on 1st May. This decline has ignited a debate among crypto analysts, traders, and Investors: is this a temporary blip or a sign of a deepening bear market? The current drop has some crypto analysts worried about a potential freefall. They point to the proximity of the price...
The daily chart for Bitcoin (BTC/USDT) illustrates a continued downtrend with the formation of a descending triangle pattern, which is typically considered bearish. Bitcoin's current price is $63,034.98, and it has recently tested a significant support level (S1) at $59,065.59 without breaking below. Another key support level (S2) lies further below at...
Bitcoin Price prediction after halving: After the halving, Bitcoin's price typically moved sideways or exhibited a slight bearish trend for 1-3 months in the past three cycles. We can anticipate a similar sideways movement for the next 1-2 months before a significant upward surge. Once the sideways movement concludes, we can expect a robust bull run. In the past...
Watchout for inflation 2.0 as the markets remain irrational longer than retail can stay solvent highly addicted on debt and leverage. If we follow the first wave of inflation around September 2020, Bitcoin is doing a massive cup and handle just like Gold and Silver now. Alts will follow. While Bitcoin ranges, Alts will explode starting June as QE restarts, may...
Most of what I have to say about this is written in the actual chart. Basically it looks like there is a similarity between every other annual setup.
The cryptocurrency market has retreated under the shadow of renewed concerns about US stagflation. Federal Reserve chair Jerome Powell left the benchmark federal interest rate at between 5.25% and 5.5% at the latest FOMC meeting Wednesday, citing sticky inflationary pressures and a lack of recent progress toward their 2% inflation target. However, Powell...
The price of Bitcoin rallied 3.8 percent to $59,568 over the past 24 hours. “#Bitcoin's market value has rebounded to $59.3K, and the percentage of the network's available supply in profit is at 84.4%. This CRYPTOCAP:BTC ratio is at its lowest level in 2 months. Lower levels generally justify more #bullish conditions,” the crypto intelligence firm Santiment...
As we navigate through an increasingly volatile economic landscape, similarities between the current market behavior and the period preceding the COVID-19 market crash have begun to surface, particularly concerning Bitcoin ( INDEX:BTCUSD ). This analysis delves into these parallels and discusses why the upcoming Bitcoin halving might not be the safety net...
⚠️ Bitcoin's potential bear trap above $60,000 amid uncertainty over FED actions. Bitcoin's price bouncing back above $60,000 raises concerns of a bear trap. Market fundamentals, specifically FED actions, adding to the uncertainty in the crypto market. Speculating on FED decisions is risky, but their transparency can impact market sentiment. ⚠️ Implications of...
BTC i stuck in the resistance zone at $59.000/$60.000. In my previous idea, i marked this area as a key resistance zone and in fact, BTC is having some difficulties to break this level. If Bitcoin will fail to go over there, we can expect a drop in the coming days, as i was previously thinking. Otherwise, if Bitcoin will break above $60.000 we can expect a rapid...
#bitcoin #btc is now testing the former support zone , now the resistance zone. This is the bearish retest of 52K or bounce to 62K? Ascending channel is bearish but the short term structure is neutral. Neither strong nor weak.
Not to say I told you so, but, yeah, I did tell you all a while back when we broke previous all time highs that the 58K range for Bitcoin was still in play, and guess what happened? We hit it... Well, I didn't post that one on TV, so I may not have told you guys, lol, but it's on my other outlets. Okay so now that is all out of the way, let's talk about what...
TP: 70382.05 SL: 57172.95 In this trading strategy, we present a compelling opportunity for a short position on the BTCUSD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals,...
As we enter the final stages of the bull cycle. Bitcoin has followed a mix of 2014 / 2017 pre and at halving. 2021 is not aggressive enough to hold the adoption LOG pattern so I will could it out following that path. If we get mutual funds + retirement funds adopting Bitcoin a 2014 scenario is looking interesting. Potentially a double rally? Until we pass...
I am buying BTC at this level . If breaking trend line buying again at 50 <> 53 level . I am bullish ....
The cryptocurrency trend was sharply negative over the past 48 hours, triggering liquidations exceeding $500 million over the past two days. The price of Bitcoin fell below $57,000, to a two-month low, as the Federal Reserve slashed hopes of rate cuts any time soon. Inflation remains stuck at high levels, the Fed’s Chairman, Jerome Powell said, after keeping the...
77,000 next or vaccations to 37k. #bitcoin (buy at 77,000 or wait for 37K) 7s