Bitcoin (BTC) technical analysis: Trade setup : BTC remains in an Uptrend. Following the approval of 10 Bitcoin Spot ETFs, price broke above $45K, spiked up 9% to FWB:49K where it got rejected. Price has pulled back on “sell the news” effect to $40.5K support, giving us another opportunity for swing entry in Uptrend, with 12-25% upside potential near-term to...
Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.
Trade setup : After breaking above $45K, price spiked up 9% to FWB:49K where it got rejected and pulled back. However, it did manage to make a Higher High and remains solidly in an Uptrend. It appears back in an Ascending Triangle pattern, giving us another opportunity. We wait for a breakout, back above $45K, with upside potential to $50K. Stop Loss (SL) level...
In 2023, the Bitcoin price followed a steady upward trend. This trend can be well "packaged" in a channel. Where do you think the BTC price will go in early 2024? The beginning of a correction with a final target of $32000-32500 or Continued "creeping" growth to the $50,000 area Pls, writing your opinions at the comments
Over the last three cycles BTC has corrected 25-40% once reaching the 61.8% retracement from the previous cycle high to the cycle low. Past performance does not indicate future outcome but there's a good chance we see a correction at the 61.8% fib retracement once again.
Bitcoin (BTC) technical analysis: Trade setup : Bullish breakout from an Ascending Triangle pattern (above $45K resistance) indicates that buyers have now absorbed supply from sellers around this key level and price is ready to resume its Uptrend, with upside potential to $50K. Stop Loss (SL) level at $43,500 (just below support). Trend : Uptrend across all...
Now Bitcoin is near $47K. $47K is the next resistance level for Bitcoin. If it passes this level, I predict that it can arrive at $60K and then FWB:65K in the near future. However, if it shows a reaction to $47K, I predict a correction till $37K. The correction can continue till $32K too in a pessimistic mood. Anyway, I'm optimistic about Bitcoin's price in the...
Trade setup : Bullish breakout from an Ascending Triangle pattern, above $45K resistance, indicates that buyers have now absorbed supply from sellers around this key level and price is ready to resume its Uptrend, with upside to $50K. Stop Loss (SL) level at $41,300 (just below the prior swing low). Trend : Neutral on Short-Term basis and Uptrend on Medium- and...
Trade setup : Following a bullish breakout from an Ascending Triangle pattern, above $38K resistance, price has reached $45K resistance area again. Now we wait for price to either 1) break above $45K resistance to signal continuation of Uptrend, with upside to $50K, or 2) pull back near $38K support for a swing trade entry with upside to $45K near-term and $50K...
Hello traders, i have very freaky ideas about bitcoinas follow: If bitcoin can not exceed 40000$ for next few weeks we will see a big dump to 10000$. Im writing this to think and consider probability about unthinkable cases that any trader may face just be ready for everythings. Big short Sl:40000 Tp for long term: 10000 Period of time that this analysis stand:...
Trade setup : Following a bullish breakout from an Ascending Triangle pattern, above $38K resistance, price has reached $45K resistance area again. Now we wait for price to either 1) break above $45K resistance to signal continuation of Uptrend, with upside to $50K, or 2) pull back near $38K support for a swing trade entry with upside to $45K near-term and $50K...
Bitcoin is currently maintaining support around the $43,000 level, but the uncertainty in the market raises questions about how long this support-resistance pattern will persist. As we approach the end of the year, here are some key observations providing insights into the potential upcoming movement: 1. In early December, Bitcoin faced resistance at $44,000 and...
It is oscillating from above and below, and to reach that upper range, this red box must be broken and stabilized. At the moment, we have a small support in the green box, and I am waiting to see if it is supported to defeat the red box or if it wants to collect cash again.
Trade setup : Bullish breakout from an Ascending Triangle pattern, above $38K resistance, signaled resumption of uptrend. Price got overbought (RSI > 80!) near $45K resistance area and we’re seeing some profit taking by traders. Now we wait for price to either 1) break above $45K resistance to signal continuation of Uptrend, with upside to $50K, or 2) pull back...
daily update In the short term, I expect an upward reversal for the scalp. Let's see what the 40075 range does There is no news at the moment and we can see the lower numbers until the box is broken
#BTC Bitcoin price is still moving in the Side channel it is expected to walk through. Price now 38088 $ The price is expected to bounce to the lower border of that channel at the price of 28,329 and bounce from it in the channel's income for a period of time before completing the rise by breaking that occasional channel to the level of 68,000 What I...
Bitcoin (BTC) technical analysis: Trade setup: Bullish breakout from an Ascending Triangle pattern, above $38K resistance, signaled resumption of uptrend. Price got overbought (RSI > 80!) near $45K resistance area and we’re seeing some profit taking by traders. Pullback near $38K support could be a swing trade entry with upside to $45K near-term and $50K...