Bitcoin (BTC) has broken out above the 25,000 resistance level on the 210-minute chart, indicating that the bulls are in control. The move higher has been accompanied by strong volume, suggesting that there is strong buying interest.
The next resistance level to watch is 26,500. If BTC can break above this level, it could open the door to a move towards 27,000...
BTCUSD is at its support level if that breaks that level huge low is possible otherwise it will hit the 32000 k mark soon.
White line drawn there is showing the support level
As you see there is a huge consolidation in the price happening now .
BTCTUSD could not go above certain level for 4-5 times .
This is clear weakness ,it will go down .
Follow the idea and ask in comments any queries ,i will post the update how this is going in the coming days here in this idea ....
BTC chart is showing positivity, the expected move is drawn with targets, and there is a slight chance that the shaded area may be hit with a long wick.
btc is going to test the all time high if btc passes this area it will make may be 1000 % profit so catch up the chance from here i think newer highs is coming and gold is exremely bad dollar dominance drecreasing all you have to do put money in btc and wait for at least 4 months to sell at the top
Redistribution and accumulation can look the same. The reason I support redistribution is that the PA around the spring area reads like creating enough bull traps to fully cross the huge support of 25.7 and 25.2. With all bulls expecting an runup to the top of the channel, no more buyers will be available to hold 25. Dropping hard and fast will scare any...
if btc daily candle closes below 26400 next resistance will be 24400 until we reach the strong support on 15900 the market shows very big bearish signs with any bad news all targets may be achieved in one week so my advise it is not the best time to enter the market wait until the next bullish signal on the support...
The chart is very self explanatory ,in the previous post as well clearly mentioned the price will further drop and it is happening .This is not a good time to go for Long .
Price will touch 25800 before it makes a up move.
Follow here for my next update on this Crypto
I am just looking at the long term BTC chart to see the bigger picture. In the next two weeks, it will become very clear as to which way this is going to go.
Wait for a Breakout & PullBack In BTCTUSD.
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There are 2 ways for bitcoin to go :
1 - up with a resistance at 45k
2- down in that rectangle , with 2 possible support ( based on where he get out from the triangle) at 28k or 25k .
Based on recents news , bitcoin's price will fall. This is my opinion :D
