The bitcoin (BTCUSD) price appears to be in an ascending channel right now.
I have marked on the chart suggested selling and buying zones.
Notice that recently the volume has increased significantly when the price goes low. This indicates that there is a lot of support for the price to go higher.
NVT going green signals massive bull runs,
as you can see we get a triple top trident red pattern on NVT then a drop into a green bull signal that launches Bitcoin past ATH.
There's no reason why it should not do the same this time. It looks to me if this is the case that we could go sideways bouncing between 6 and 9 until at least September next year and if...
Bitcoin Halving in red lines, then the bull runs, followed by the bear market and then the accumulation into the next halving
as you can see they are pretty similar.
if the past repeats, we are not far from a gradual uptrend!
how ever, the last market cycles did not have futures, options etc involved so it could be interesting.
Bitcoin is now in the hands of...
I’ve also highlighted the previous lows, and their respected levels.
IF....this Long trade fails, we maybe in for a big dip down to the $0.15 mark.
No indicators are positive right now, but a Long trade is highly likely.
All you need to know about the Bitcoin and not to flush your money down the drain.
1. The price is clamped to the current range $8,107-10,080 (1st), the previous one = $4,644-6,990 (2nd).
2. The price has formed the Grand range = $3,858-10,953 (3rd).
3. These three ranges have formed three zones of magnetism (orange blocks).
4. The trend line...
COINBASE:BTCUSD is in the process of forming reversed head and shoulders. Right now BTC is setting around $9500 level and possibly in the upcoming weeks, it will reach the $6500 levels to form the right shoulder, then the 10,000 level will be broken.
The target is around $15500
J.K. Rowling asked about the Bitcoin . Robert Kiyosaki predicts the end of the US economy and the bitcoin price rises up to $75,000. 20,000 stores start accepting cryptocurrency in Venezuela. The volume of open interest in options for bitcoin on the CME soared ten times in two weeks. Moreover, the USA allocates 3 trillion dollars more (!) to support the economy.
Let's take a look at Bitcoin's ( BTCUSD ) peak prices since ATH in December 2017.
First, we have Bitcoin's All-Time High ( ATH ) sitting at $19891.99.
A higher low hit in June 2019 at $13868.44.
Then we have a recent peak in February 2020 at $10522.51.
On the 30th of April, another peak was hit at $9478.66.
We are looking at lower highs.