Bitcoin surged past the $44,700 resistance on January 2, yet this breakthrough turned out to be a price trap as it plunged on January 3. Buyers stepped in as prices dipped to the 50-day simple moving average ($40,938), showcasing robust bullish defense around the $40,000 mark. The exponential 20-day moving average traded sideways at ($42,855), while the Relative...
Bitcoin surged above the $44,700 resistance on January 2, but this breakthrough turned out to be a price trap as it sharply declined on January 3. Buyers stepped in as prices dipped to the 50-day simple moving average ($40,938), indicating strong bullish defense around the $40,000 mark. The exponential 20-day moving average traded sideways ($42,855), and the...
Bitcoin surged over 6% in the first week of the new year, hitting $45,000 in 2024. This milestone holds significance for altcoins as it marks their highest level in 21 months. The last time BTC reached this level was in April 2022, during a bearish market peak that halted its ascent at $18,200.
Despite the recovery, Bitcoin hasn't breached the $45,259 resistance....
Bitcoin (BTC) is on an upward trend, surpassing the weekly supply zone midpoint, signaling a possible continuation. However, recent remarks by CNBC's Jim Cramer added confusion. The market anticipates SEC approval, hinted by a Reuters report between January 2nd and 3rd. This, coupled with FOMO and speculative trading, boosted BTC by 7% on January 7th, breaking...
Bitcoin's price is on the rise, and it looks like it might reach somewhere between $48,000 to $50,000 soon. People are excited, but smart traders are watching closely. They know that when a new Bitcoin ETF starts, it might cause a big change. The saying 'buy the rumor, sell the news' means that people often buy before a big announcement and sell right after,...
As of now, Bitcoin trades at $42,376 on Binance, maintaining its position above $42,000 into 2024 despite signals of price dips in on-chain data. Recent data shows profit-taking by BTC traders from October to December 31, alongside a surge in BTC supply on exchanges by year-end. Despite mounting selling pressures, Bitcoin remains steady above $42,000 as of January...
Bitcoin's steady climb since early November peaked on December 4th, breaking through the weekly supply zone from $40,387 to $46,999. The pivotal point at $43,860 signals the need for a breakthrough to sustain the upward trend.
However, technical indicators suggest a possible opportunity for investors to wait for a dip before buying, anticipating a 2024 price...
Bitcoin's price gains support from evolving central bank policies globally, particularly the US hinting at looser monetary policies in 2024. Short-term price dips may present buying opportunities.
Potential support lies around $40,000, with $38,000 as an additional level in case of a substantial downturn. Resistance is projected at $45,000, targeting $47,500...
As a part of Messari's 2024 Cryptocurrency Thesis, the platform highlights the growth and impact of BRC-20, Ordinals, and Inscriptions. These new transaction forms, along with Tem and Runes, have surged this year, flooding the Bitcoin mempool and causing a notable spike in transaction fees. According to the thesis, engravings alone accounted for approximately 21%...
Hello traders, i have very freaky ideas about bitcoinas follow: If bitcoin can not exceed 40000$ 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:...
Bitcoin's price has initiated a renewed uptrend, reaching bidding levels around $41,500. BTC has formed a price base and recently embarked on a new upward movement from the low of $41,637. There is steady upward momentum around the resistance zone of $42,500.
Short -term vision
Bitcoin seems to rise. The long -term trend is 100%increased, but we may see some obstacles in the near future. K is still my goal. This will be the strongest resistance area in front of the highest region of all time.💪
🎄🎄❤️❤️❤️🎄🎄
I wish you a peaceful Christmas
🎄🎄🎄🎄🎄🎄🎄🎄🎄🎄🎄🎄
Bitcoin continues its robust upward trend, recently reaching a significant milestone by exceeding 50 million unconfirmed addresses. This achievement reflects increasing user adoption and widespread acknowledgment of cryptocurrency as a legitimate asset. With an average holding of approximately $16,000 per user, the implications for future price performance are...
The impact of altcoins taking the lead over Bitcoin is not particularly positive. Bitcoin dominance represents the percentage of the total cryptocurrency market held by the world's largest digital asset. Whenever this dominance increases, altcoins tend to lose influence in the market, but the rising value of altcoins is causing Bitcoin to lose its dominance.
This...
On the macroeconomic front, the influence of fundamental principles such as interest rates and inflation on Bitcoin is gradually diminishing. Other fundamental factors boosting Bitcoin prices in 2023 include the resolution of the year-long FTX lawsuit and the admission of money laundering charges by Changpeng Zhao (CZ), the CEO of rival exchange Binance. While...
Pair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Impulse Correction in Long Time Frame, Completed Impulsive Waves " 12345 " and Corrective Waves " AB ". Symmetrical Triangle as an Correction in Short Time Frame and it has completed the Retracement for Break of Structure
Entry Precaution :
Wait until it Breaks UTL / LTL
While Bitcoin Cash may not be making headlines in 2023, this altcoin is demonstrating optimistic signs starting in 2024. The Bitcoin-named cryptocurrency is undergoing a recovery, currently grappling with a crucial resistance level that has acted as a barrier to its recovery since July. Ahead of the FOMC meeting, investors exhibit caution, reducing risk as...
Bitcoin (BTC) continues its upward trend despite early Asian trading hours witnessing severe downturns. The anticipation around the U.S. Securities and Exchange Commission (SEC) approving cryptocurrency exchange-traded funds (ETFs) plays a significant role. Google even hints at this, stating that "advertisers offering cryptocurrency trust funds targeting the U.S....
