Bitcoin is going on with healthy correction. The major support zone now is $10500-$10800, we may see a quick spike to these levels, buyback at these levels with 30% percent of funds. RSI is good for another up move on the daily chart. Resistance zone to keep an eye is $11900-$12200 if Bitcoin breaks these levels we may going toward $14,000. If the breakout is in...
Bitcoin, the gift that keeps on giving! If all of these indicators work as expected, we should see weeks or months of bullish activity for Bitcoin. Merry Christmas everybody. BBS Out
Bitcoin is looking pretty explosive here. Bitcoin has gone totally flat over the last few months and it has been just chopping around. Right now it is sitting at the exact average of all prices over the last few weeks/months. At the 50 DMA, Monthly P and the Volume Profile PoC. This has come right after the most crucial correction so far. We finally broke the 50...
Bitcoin is ready for a new uptrend. Bullish momentum has formed. This is not financial or trading advice, trade at your own risk!
Is Bitcoin in an uptrend or downtrend? (Short & Long term) Bitcoin is currently chopping in a range, but is slowly forming higher highs and higher lows in the short term. The medium-term trend is down since we broke the bullish structure when it broke 47-48k and we are currently below the 50 & 200 DMAs which have also formed a death cross. However, the...
Past Performance of Bitcoin It is a new dispensation for Bitcoin. After an impressive performance last week, lifting the coin 22 percent, and above critical resistance levels, the path of least resistance looks up. The coin is above $18.5k, as visible in the daily chart, and $20.5k. At this pace, traders can look to double down on dips above $20.5k, aiming for...
Past Performance of Bitcoin Bitcoin prices are back trending inside the ascending channel set in motion in mid-September. BTC bulls appear strong following the recovery from new October 2022 lows at around $18.2k. Since yesterday's bar had high trading volumes versus the recent performance and closed in green, yesterday's trend continues today. Accordingly,...
Past Performance of Bitcoin Bitcoin remains within a bearish formation and has broken out from the bear flag printed in late September. Even though the past day's trade range was narrow and prices steadied, sellers are still dominant. At spot rates, traders should closely watch how prices react at the $18.5k to $19k support zone, aware that any welcomed surge...
Past Performance of Bitcoin Bitcoin price action ticks in favor of sellers. Amid highly fragile and uncertain market conditions, BTC buyers cannot reverse the prevailing bear trend. Subsequently, aggressive traders can find entries to ride the current trend, unloading on every attempt higher, with targets at immediate multi-week support lines spread between...
Past Performance of Bitcoin Bitcoin prices are steady, trading within a tight trade range at spot rates. Prices are notably pulling back from recent highs of $25.23k when writing, an indicator of bears rejecting higher prices, reading from the arrangement of August 13 through to early August 15. The result today is a long upper wick in the daily chart suggesting...
Past Performance of Bitcoin Bitcoin prices are still within a narrow trade range at spot rates. The rejection of lower prices on June 28 is bullish for prices, reinforcing bulls' optimism. Still, there must be solid, wide-ranging gains in the coming few days for a clear trend definition. In the short term, the Bitcoin uptrend is valid as long as prices are above...
Past Performance of Bitcoin The Bitcoin price crashed on June 12, forcing prices lower in a bear trend continuation pattern as visible in the daily chart. At spot rates, BTC is down roughly 50 percent down from April 2022 highs, and sellers dominate. Currently, BTC is down five percent versus the USDT, down 17 percent in the past trading week. #Bitcoin...
Bitcoin has been in a really bad spot over the last few days and the situation seems pretty tough. Alts have been stealing the show and money is flowing out of Bitcoin and into Alts. Yes the Tesla situation played a role, as well as the volatility / correction is stocks... but Bitcoin was already not in a healthy spot given how fast it went up. In my opinion the...
Hello my fellow Bitcoinistas! For those of you who follow my work you know that I have been long for a very long time. All the way from the bottom around $3200 and have added longs to my position at strategic points on the way up. Occasionally I have scalped a few bucks here and there but mainly remained long. I am 100% long at the moment after scalping a few...
Past Performance of Bitcoin Bitcoin prices were technically unmoved over the weekend, looking at price charts. Therefore, while there was a notable contraction on July 6 at the back of expanding volumes, the rejection on July 7 relieved buyers. Still, from an effort-versus-result perspective, sellers have the upper hand in the short term. This can only change if...
Past Performance of Bitcoin Bitcoin prices are firm when writing, floating above the FWB:31K level as the recent consolidation proves to be an accumulation. How fast bulls will push above $31.3k and even new 2023 highs will determine the speed of the rebound after the slowdown in the final days of the last days of H1 2023. #Bitcoin Technical Analysis From...
Past Performance of Bitcoin The uptrend is slowing down, but buyers have the upper hand despite the contraction. As it is, BTC buyers are trending at around 2023 highs and can edge even higher above FWB:31K and to $35k in a welcomed expansion. The immediate support is at $30k, while the buy trigger is $31.3k. A conclusive close above last week's high and strong...
Past Performance of Bitcoin Bitcoin continues to float higher when writing, and prices will likely breach the $27.3k level in the coming hours. From the daily chart, BTC prices are resilient and have reversed recent losses, tracking higher and likely to confirm buyers of June 6. As it is, traders can load on dips with even more opportunities above $27.3k, with...