Bitcoin Chart Update 4H Timeframe#Bitcoin Technical Analysis
Current Price: $37,150
#BTC exhibited resilience, rebounding off $35,500 support, now approaching resistance at $38,800.
Support: $36,000.
Critical Juncture: break below $36,000 may pave the way for a retest of $30,000.
Stay vigilant within this range Parallel channel.
Btc!
Bitcoin 100,000 trend channelBitcoin's 100,000 trend trend channel, the main target is to reach more than 100,000 US dollars, the green is the rising channel, the blue line is the first target price, the red line is the ultimate target price, the white is the market trend, divided into one, two and three Four or five waves, one wave breaks through, three waves soar, and five waves reach the top. Each wave includes the ABC trend. The above points constitute the conditions leading to $100,000. The bull market has begun.
$BTC | 1H: Today Plan:Looking for long on BINANCE:BTCUSDT now. We experienced a dip yesterday and $35,500 Buy wall has been filled. Bulls are gaining momentum, indicating a potential shift towards a bullish trend. Expecting pump towards 37k again. GL!
Previous day:
VAH: $36776
POC: $36411
VAL : $35560
Date: 15 Nov 2023
$BTC | 1H: Today Plan:Buyers actively bidding on every dip in BINANCE:BTCUSDT . This suggests that there is a strong demand for Bitcoin at the moment. Therefore, it is possible that we could see a more short squeeze before the price potentially drops to around 34k. Let's see!
Previous day:
VAH: $35348
POC: $34923
VAL : $34546
Date: 8 Nov 2023
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.
$BTC | 1H: Today Plan:Looking at the current market situation, it seems that there is a possibility of a short opportunity for Bitcoin. The selling pressure on BINANCE:BTCUSDT has already started, indicating a potential dump below the 33.5k level. Good luck!
Previous day:
VAH: $34540
POC: $34053
VAL : $33667
Date: 25 Oct 2023