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Bitcoin (Cryptocurrency)

BTC/USD - Weekly OverviewThe past week's price performance resulted in more skepticism among investors as BTC faced multiple negative breakouts below the crucial psychological mark of $20K. Compared to the previous high of the previous month, BTC is almost down by 37%. On the Fibonacci retracement table, the price level has fallen below the 0.236FIB level and unable to have any positive breakouts since then. The RSI level is constantly facing resistance at 50. Considering the technical pattern, BTC has formed a descending triangle from a couple of weeks of price action. A positive breakout from the pattern in upcoming days might hint at the revival of bulls and vice-versa. The BB has also contracted its width on the chart while showcasing downtrending nature. The price level is having a hard time sustaining above the baseline of BB. Overall, exposure to further downtrend might be a possibility if the world’s largest cryptocurrency stays below $20K. In that case, support levels can be placed at $18K and $17K. On the contrary, if the bulls are able to make a comeback, resistance can be placed at $22K and $23K.
COINBASE:BTCUSD
by TradeDog-Research
BTC/USD - Quarterly OverviewThe past financial quarter didn’t go as expected. We did witness the emergence of humongous selling pressure in the overall market conditions including Bitcoin. The world’s largest cryptocurrency has almost retraced about 60% considering the high of Q2 2022 and the current market price. Although the downfall wasn’t a steeped one, BTC found support levels at regular intervals when it broke below $45K for the first time in the quarter. Considering the moving averages, BTC is trading below MA-10, MA-50, and MA-100 which certainly reflects the prevailing bearish sentiment. The price level had attempted to develop sustainability above MA-10 on multiple occasions but failed to have a formidable bounceback. MA-50 is currently acting as a temporary resistance level while MA-100 lies far beyond the current price action. The RSI level also faced multiple dips toward the oversold region, especially during the last month of the quarter, and currently showcasing negative nature. The MACD level mostly spent the quarter below the histogram which again reflects the bearish sentiment. Currently, it is looking for a breakout above the histogram. Overall, bears are certainly having a grip over the market conditions. If BTC continues to sustain below the crucial psychological mark of $20K, one might expect more downfall. In that case, support levels can be placed at $18K and $16K. On the contrary, resistance levels can be placed at $22K and $24K.
COINBASE:BTCUSD
by TradeDog-Research
BTCUSD Trading Plan - 30/Jun/2022Hello Traders, Hope you all are doing good!! I expect BTCUSD to go UP after finishing this correction. Look for your BUY setups. *This BUY is risky and I am biased only for short term upside, if you dont know how to manage your trade, dont take the risk now and wait for it to break the last low for HPB . Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
BINANCE:BTCUSDLong
by For3xScalper
Bitcoin Bottom Formation Bitcoin is forming bottom, we still have to see more fall towards 16.9 - 18.1 k, that's where bottom resides. Why I say so? there are 2 reasons for it 1- Tech analysis (covering in this chart) showing we have to go down to re-affirm the W pattern in H4 and double bottom . We are still under -DI which needs to be neutralized. 2- Fundamentally and historically each previous bear cycle intersect with each other , If you would have see C2 intersect with C1, C3 with C2,C1, C4, with C4,2,1 and current cycle C5, Intersected with C3,2,1 but C4 intersection still pending thats again somewhere pointing at 16.9k approx
Short
by CryptoTraderBB
BTC/USD - Weekly OverviewFor the past week, Bitcoin is attempting to create sustainability above the psychological crucial mark of $20K. Additionally, after a positive crossover of MA-7 against MA-20, we haven’t witnessed any sharp downfall on the chart. However, the price level still remains below MA-50 which suggests that there is still a bearish sentiment in the overall market conditions. On the other hand, the RSI level is showcasing strong bounceback from the oversold region and has formed a rising channel pattern. The current level lies at 44.81. Last time, when the level was above 50, BTC was trading above $30K. With the ongoing positive trend on a shorter timeframe, BTC is expected to face resistance at $22K and $24K respectively. On the contrary, support levels could be placed at $20K and $18K respectively.
COINBASE:BTCUSDLong
by TradeDog-Research
Bitcoin Short Term AnalysisBitcoin after the rally from making the lows is under correction and I expect it to go slightly higher from current levels and give another drop below 20k levels which would complete the correction and then a rally higher from there which could take it for the targets of 23k to 25k. One more sharp correction is required to complete the pattern but it can also come going higher than 21600.. Right now my expectation is for a regular ABC correction but if it goes past 21600 and make new highs then it would be either an expanded flata or running flat. Most likely should be a running flat in that case as Bitcoin seems to be holding 19900 levels which was previous high..
BITFINEX:BTCUSD
by SirajHudda