The world’s largest cryptocurrency has maintained its positive momentum and accumulated approximately 36% returns in January.
BTC has been in a Bear trap, it had hit its low of $15.5K and took support at the resistance trendline as shown in the chart. After consolidating there for 2 months, BTC shot up to the level of $24K and is currently retracing and trading...
After a massive bear run, BTC holders saw an almost 40% gain in Bitcoin price in Jan 2023 pushing the fear and greed metric into the “ Greed ” zone. After a strong rally in January, what is next for Bitcoin? In the last 8 years, we have seen a green February for Bitcoin except in Feb 2020. Thus, we expect 2023 February to be a green February for Bitcoin.
Ethereum stands at a make or break level of resistance on daily time frame . It will either give a massive breakout and break the resistance or it will make a double top and start to collapse . This crucial level is to be tracked as we can get good targets on either side .
Hope this analysis will help you :)
Bitcoin at its Crusial Level
First its going through its parallel channel along with that created Reactangle chart pattern and after Breaking Up Parallel Resistance Or Rectancle Lower Resistance at Same time its Straight forward its Previous Major Resistance of Rectangle Chart Pattern …..
There is more tha 3-4Days Bitcoin Is Cosolidating at Same Levels Breaking...
As u have seem in chart btc has reached at resistance and order block. btc should break these and stay above to get a bull momentum towards 25k . my thought is that btc is goin below 20k or to new lows. DYOR
bitcoin retesting at a zone 30500usd if it sustain below 31000 for next 5-7days, it may test 20000usd we can see more fall in crypto currency.
if anybody wants to invest please wait and watch (if u want buy, buy @ 20000usd TO 21000usd or buy ABOVE @ 35000usd) #INVESTWISELY
Here is my view on BITCOIN for the upcoming year. I expect a short bearish move towards 12000-14000 range. One could possibly accumulate BITCOIN in the discounted range of 12K-14K and expect a minimum return of 400% when BITCOIN reaches its all time high of 70K.
#BTC INTRADAY UPDATE
VOLATILITY EXPECTED: Medium
$BTC is again bearish on Intraday. Expecting it to consolidate today.
In case we cross INTRADAY FLIP LINE(19600$), only R1(19750$) else R2(20000$), will be tested.
In case we stay below INTRDAY FLIP LINE, S1(19300$) else S2(19050$) is the support and hold today.
Bitcoin on the weekly time frame has given a bearish moving averages cross over and has been consolidating in the previous weeks range. The market is consolidating in a Box pattern.
The market are in a bearish trend as Dow has broken its 29000 level after taking resistance from its weekly 20 ema and closed below its 200 ema.
Global markets are negative and the...
It's just the Recession 2022.
BTC is starting to go bearish from very first week of next month or anytime soon.
Hope you clear all your positions & be patient.
Wait for BTC to make it bottom and make an Entry.
Grab your Golden Opportunity.