Bitcoin has been unable to break above the $68,000 resistance level for the past 4-5 days. This stagnation suggests that upward momentum may be limited in the near term. Traders are watching closely as the price action unfolds. While a return to the $50,000 level is considered unlikely, Bitcoin may continue to trade sideways between $60,000 and $69,000 for some time.
On the 4-hour timeframe, Bitcoin appears to be within a distinct channel. This week, it experienced a decline, reaching the 65654 support level at the channel's bottom before rebounding. Currently, it has bounced off the 67562 support and is heading upwards. If it breaks above 69005, it could revisit all-time highs. Back on March 3rd, Bitcoin formed a flag...
I expect Bitcoin can retest the below line on the channel and we may see a small correction. that can be the point of entry for a possible target of $81000
in this analysis, you can see after every consolidation BTC pumped a minimum of 14% , so if you see this pattern in this bull run if BTC breaks this new box WE CAN SEE a new ALL-TIME HIGH IN BTC
The poor shorts. all the information he said in the video. if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
Bitcoin is currently re-testing the significant supply region from December 2021, where price spent almost a month failing to move higher after the initial move down from ATH. Since putting in a final bottom in late 2022, Bitcoin has rebounded strongly along with other risk assets. However, if this trend has been a corrective ABC move, the pattern looks near...
Here is a huge bull flag breaking out as I write this on the 4hr chart. This can easily be a fake out but with the strength that BTC has shown, I can't underestimate it. Still with halving right around the corner, and BTC already being in extreme overbought zones, a -30% pull back can happen at any moment. 👍
Anticipation Builds for Bitcoin Halving Event Bitcoin is currently holding strong above the $50,000 mark in anticipation for the event known as "the halving." The Bitcoin halving is a regularly scheduled event that occurs approximately every four years, where the reward for miners is halved. Historical data indicates that after each halving event, Bitcoin’s...
Bitcoin Analysis for 2024! We have been witnessing upward movements in Bitcoin for a while now. As 2024 approaches, we want to share with you the potential price movements Bitcoin might make. Bitcoin's price is hovering around the resistance range of $44,372 - $45,821 . We believe that unless Bitcoin achieves weekly voluminous candle closures above the $45,821...
Today's focus: BTCUSD Pattern – Continuation (Bullish) Support – 41,450, 38,514 Resistance – 44,713, 47,540 Hi, traders; thanks for tuning in for today's update. Today, we are looking at Bitcoin on the weekly chart. So far, so good, as buyers continue to push at resistance and push forward with a bullish continuation idea. After rejecting the last low and...
Vertical price push is due for a pull back. Depth of pull back can develop into a few possible scenarios: Bearish: pull back leg of the longer term consolidation in the 15k-69k range. Bouncing off the 20k will be neutral vs. under 20k will be bearish, looking to test and break 15k. Bullish: Bounce off the 48k and dip to ~28k to form an ascending triangle or...
Hello everyone, I have to update on update of previous post, to break it down little clearer for some of you, to explain why RIGHT NOW Im very causious... For that purpose Im going from Highier to Lower timeframes, to get clearer picture of what is the MOST possible at this moment.. So, If we go from 5Day to 4h timeframe, its clearly to see that we are...
Without any additive descriptions, I think target of this cycle will be around 190K, and we will reach this target around April 2025. That's all
the following fibonacci levels are the most relevant support zones as long as the short-term high is 49k. What happens after an impulse wave has touched the golden pocket is a complete correction to the 0.38 - 0.61 - 078 zone. following this idea, the next level 0.38 with a POC, is a good area for a temporary rebound or trend continuation.
Pair : BTCUSD ( Bitcoin / U.S Dollar ) Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from the Upper Trend Line. It has completed " 12345 " Impulsive Waves and making its Correction. We have Strong Divergence we can Look for Short If it Breaks Lower Trend Line Otherwise Trend is your Friend
Hello Family! 10th January of 2023. We are hours away from the Approval, delay or Rejection of the Bitcoin ETF. We need to be careful since the Bitcoin price still needs to confirm the 30-32k area as a SUPPORT. WE've done this in every Bitcoin cycle after we created a BOTTOM structure and going into a RETRACEMENT. We are in the biggest RETRACEMENT levels. This is...
Bitcoin is currently forming a FLAG & POLE pattern. Wait till it breaks the descending trendline and retest plus bounce from it. Max target would be 50000. Be careful of liquidation candle
We can see a falling wedge pattern in daily chart. This is a bullish pattern for few days. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment...