Bitcoin price could scrap $40,000 before a bigger dipBTC Target: Bitcoin (BTC) aims for $40,000, driven by a rising RSI at 68, signaling further upward potential.
Bullish Indicators: The Awesome Oscillator (AO) supports bulls, displaying green bars amid positive momentum.
Current Price: BTC stands at $39,462, with the potential to surpass $39,778 before hitting the $40,000 mark.
Mid-September Surge: BTC has surged by 60% since mid-September, in line with the bullish trend often observed in Q4.
Buying Opportunity: A potential dip to $37,500 could provide a buying opportunity for late investors.
Support Levels: Strong support is identified between $42,556 to $67,413, emphasizing potential upward movements.
Warning Signal: The bullish thesis would be invalidated if BTC breaks and closes below the $37,500 resistance level.
Bitcoinprice
CRV/Curve Dao Swing Long SetupCurve Dao Swing Long Setup
Entry - 0.52-0.56
SL - 5-10% (Concentrated Risk) Do not risk beyond this
Do not pool in your full Portfolio inside this
Entry Reason - This has a decent base building on a daily TF. Overall trend looks bullish and once Btc starts consolidating here you can easily expect this to reach 0.70.
#trading #crypto
BTC/USDT ( Technical View )The current price of Bitcoin is $37,801.73 USD, with a 24-hour trading volume of $20.58 billion USD. Bitcoin has experienced a 0.84% decrease in the last 24 hours, and its market cap is $739.28 billion USD. The circulating supply is 19.56 million BTC, out of a maximum supply of 21 million BTC.
In the weekly analysis of BTCUSDT, all technical indicators and moving averages signal a strong buy. The RSI is at 74.00, indicating overbought conditions in Bitcoin. While the EMAs suggest a temporary bullish trend, caution is advised due to the overbought stance indicated by the RSI, with the potential for an upward swing. Key resistance levels are at $38,907, $40,032, and $41,654, while support levels are at $33,413, $34,538, and $36,160. Bitcoin exhibits high volatility, as evidenced by the ATR (14) value of 2358.
Bitcoin Dominance Chart Setup Bitcoin Dominance is very useful in helping us understand where the money is flowing
: BTC Dom is currently trading in an uptrend move.
: BTC dom might follow the path I have created which might later result in a massive alts rally
: Btc Dom as of now shows some relief in ALTS can be seen and money after a decent Btc correction can flow back to BTC
: Closely monitor this and USDT dominance or even DXY works
: Nas, DJI, SPX, and gold have been outperforming try to understand the global markets as well.
: If the FED starts to cut rates then it will be very bullish for Crypto
Bitcoin Price Prediction 2025Bitcoin (BTC)
Price: $37,829.17 USD
Price: 18.15 ETH
1hr Change: 0.17%
24hr Change: 1.14%
7d Change: 4.02%
Volume: $22,694,872,312.93
Market Cap: $739,648,195,822.46
Circulating Supply: 19,552,325.00
Total Supply: 19,552,325.00
The price of Bitcoin is $37,758. It has a 24-hour trading volume of $77.41 billion, a market capitalization of $738.25 billion, and holds 50.91% of the market dominance. Over the last 24 hours, Bitcoin’s price has increased by 1.06%.
Bitcoin’s highest value was on November 10, 2021, when it reached $68,770. Its lowest-ever price was on July 17, 2010, at just $0.05. Since its all-time high, the lowest it has fallen to is $15,599, while the highest it has reached after that low point was $38,407.
Currently, the market sentiment towards Bitcoin is bullish, and the Fear & Greed Index indicates a score of 73, suggesting ‘Greed’.
SOLANA Expected move (SMC)The recent increase in cryptocurrency has resulted in a bullish trend persisting for several days now. By examining the 1-hour chart of SOLANA, we identify an area of high demand where we can strategically plan a long trade. To ensure greater certainty, we can transition to a shorter time frame after addressing the Order Block and carefully evaluating CHoCH.
Smart Money Concepts.
Optimism Buy Setup Optimism 1D Update
- Price is currently consolidating at the same range
- It will be interesting to see if it can break out of the range change the structure and move with huge volume.
- Accumulation Zone - 1.35.-1.45
- Targets - 1.8$, 2$, 2.7$
- I am bullish on OP for the long term I don't believe in a short-term move.
- Hold Period - 3-6 months.
Bitcoin: Breaking Barriers and Soaring to New HeightsBitcoin has been on a roller coaster ride in recent weeks, but it appears to have found some stability near the $29,000 level. The cryptocurrency took support from the white line on the chart, which is a key Fibonacci retracement level.
Now, Bitcoin is facing resistance at the $30,000 level. If it can break through this resistance, it could be on its way to higher prices. However, if it is rejected at this level, it could fall back to the support level at $26,000.
Traders will be watching closely to see if Bitcoin can break through the resistance at $30,000. If it does, it could be a sign that the cryptocurrency is ready to move higher. However, if it is rejected at this level, it could be a sign that the rally is over.
Technical Analysis:
Bitcoin is currently trading above its 20-day and 50-day moving averages.
The MACD indicator is currently showing a bullish crossover.
Conclusion:
Bitcoin is at a critical juncture. If it can break through the resistance at $30,000, it could be on its way to higher prices. However, if it is rejected at this level, it could fall back to the support level at $29,000. Traders will be watching closely to see which direction Bitcoin takes.
BTCUSDT ( 5% CORRECTION TOWARDS $33000 )Bitcoin looks like it wants to pull back before advancing higher!
CRYPTOCAP:BTC appears to have formed an ascending triangle on the hourly chart. As #BTC
trades below the hypotenuse, the odds increase for a 5% correction toward $33,000.
#bitcoin #cryptocurrency #ethereum #blockchain #priceaction #technicalanalysis #onchain #btc #usdt #pull #analysis #linkedinmembers #investor #trader #TRADEWITH_RITIK
I hope we printed the money!! So folks,
the candles printed exactly the way I wanted them to see printing on the charts, I was ready for this. Took a very profitable short trade while I could. I mentioned how the price will tap into my zone of interest, which proved a really profitable retracement for me. This movement was on cards. What really pumped the movement is the world affairs that are taking place right now. I'm waiting for a ride in altcoins now.
AVAX LONG SETUP Avax moving slowly but the structure and swept new lows grabbing huge buy stops.
- AVAX SETUP RISK 17% REWARD -65% (SWING LONG)
- AVAX has a great ecosystem to be added in your long-term Portfolio
- Avax Sell Zone - 13$-16$ ( We saw a massive demand breakdown from 16$)
- Avax has more possibility of testing 13-14$ because that's an FVG area.
- Avoid Leverage
Bitcoin Short Setup Bitcoin is currently trading in a strong supply.
- I don't think there's any strong reason to still stay bullish now.
- I will look to trim my swing longs.
- Do not add swing longs or anything in your Portfolio.
- Max Kill Zone is 32,000$-33,000$ to trap fresh retailers.
- Try avoiding leverage until the market presents a strong setup.
- I will short some Altcoins when I see BTC pumping more.
#BTC #CRYPTO #crypto #eth
BITCOIN TECHNICAL ANALYSIS ( 18th Oct 2023 )Price Analysis
Current Price: $28739.02
24-Hour Change: 1.88%
Circulation Supply: 19.52M
Trend Analysis
Technical Indicator : Strong Buy (On Daily Basis)
Moving Average : Strong Buy (On Daily Basis)
Overall Trend : Strong Buy (On Daily Basis)
Key Support and Resistance Levels:
Support Level 1: 28125.4
Support Level 2: 27850.3
Resistance Level 1: 28639.0
Resistance Level 2: 23378.7
Moving Averages:
50-Day Simple Moving Average (SMA): 26790.70 ( Buy)
200-Day Simple Moving Average (SMA): 27772.0 ( Buy )
Relative Strength Index (RSI)
Current RSI: 67.237
RSI Interpretation: Buy Zone
Volume Analysis
Trading Volume: $14,616,751,761
Volume Trends: Increasing in Nature
Candlestick Patterns
BULLISH DOJI STAR : Bullish Reversal ( Indication ), Medium ( Reliabilty ), During a downtrend, the market strengthens the bears with a long black candlestick and gaps open on the second one. However, the second candlestick trades within a small range and closes at or near its open. This scenario generally shows the potential for a rally, as many positions have been changed. Confirmation of the trend reversal would be a higher open on the next candlestick ( Description ).
HANGING MAN : Bearish Revesal ( Indication ), Low ( Reliabilty ),
During an uptrend, there is a sharp sell off after a gap to the upside. However, the candlestick closes at or near its high. This signifies the potential for further sell-offs. Since the certainty for a Hanging Man indicator is low, the trend reversal can be confirmed by a black candlestick or a large down gap on the next candlestick accompanied by a lower close ( Description ).
Conclusion
The live price of Bitcoin is $ 28,739.15 per (BTC / USD) with a current market cap of $ 560.90B USD. 24-hour trading volume is $ 14.61B USD. BTC to USD price is updated in real-time. Bitcoin is +1.83% in the last 24 hours with a circulating supply of 19.52M.
It's essential to exercise caution and apply risk management strategies in your trading decisions.
False Bitcoin rumors revealing real market sentiment False Bitcoin rumors revealing real market sentiment
Fake news sent Bitcoin up about 10% on Monday, surging from $27,900 to over $30,000 after Crypto news site Cointelegraph posted on X that the Securities and Exchange Commission had approved BlackRock’s spot bitcoin ETF application.
In response to the rumor, BlackRock had to clarify that no decision had been made regarding their ETF application. Even though the rumor has now been debunked, Bitcoin is still up more than 5%, at $28,600, with some movement suggesting that buyers are still willing to prob for more gains.
The 10% upside move has perhaps provided us with a preview of what might happen when/ if the SEC eventually approves or rejects BlackRock's Bitcoin ETF application. It could also be argued that we are also getting a glimpse into what could happen if the SEC rejects the application, with targets set at the pre-rumor price of $27,900 the first port of call.
BITCOIN - Again in #BullTrap#Bitcoin Weekly Analysis
As per weekly movements into CRYPTOCAP:BTC into USDT pair Chart Analysis, It's again into #BullTrap with highly Pumped at October Start-up while America goes into Shut-Down to their services as per financial crises and Recession.
This Trap is 100% #Pumptoober,
B'coz, as per chart, Buying pressure starts from 1st week of January and Selling pressure starts from 1st week of August (As mentioned in Chart), after that Not any Buying cycle with market Volume arrived yet, so market is still under the #BearishZone pressure, and whaler's are trying to manipulate the market by creating Pump-Dump as in BullTrap.
As per my analysis, very much chances for market to goes into Bearish Zone within next 25-35 days and favourable chance to reach out its final Lower-Low target from $23.5k-$19.5k around in coming 30-40 days up to Nov. end, after that market starts in #BullishZone.
Anyway,
Always #DYOR and Trade wisely by using #StopLoss, its just #NFA
and,
Must LIKE, FOLLOW, SHARE & COMMENT on it...
$BTC MacroOn the $BTCUSDT chart, I have highlighted all significant supports and resistance levels. In my opinion, we may see $14000 - $12000 before the next bull run, which might be before a rally to $38000 or after $BTC reaches $38k and then drops to the $14000 - $12000 zone.
In August, $Bitcoin might reach $14000 - $12000.You can DCA accordingly.
Trade at your own risk
Not Financial Advice
Bitcoin consolidating after a drop.Bitcoin for last 10 day is being consolidating after a nice fall of 10%.
The coin is consolidating in a range of 1% and there can be a nice move one it breaks the consolidation zone.
On the weekly charts, it is taking support from the 200 ema i.e. 25670 and has retested after testing the levels.
Even on the daily charts, there is also a bearish moving averages cross over and its trading below it. There might be a retest as there is a huge imbalance created.
For the intraday trades. The coin is trading around the 20 ema, on the hourly charts, and below the 200 ema.
The volumes are high when there is a fall and a reduction in the up move.
There is volatility which no giving a clear view in this range.
Let the coin give break out or break down of the levels and trades should be initiated accordingly.
Support :- 25860, 25670
Resistance :- 26185, 26500
Wait for the price action near the levels before entering a trade.