BTC $40000BTC Information
Bitcoin Could Drop 20% After Fed Rate Cuts in Bearish Case, but Weak September Presents Buying Opportunity: Analysts
Bitfinex suggested bitcoin could fall to as low as $40,000 in a bearish scenario.
Btcsignals
BITCOIN BELOW 50K❗❗❗❗SELLWorst case scenario it will go below 50K.
As you guys already knew the geopolitical tension.
Middle East getting worsen.
Oil is about to explode up because oil supplies can't transfer properly
through ships and so asset will move to safe haven.
BITCOIN is consider risky as of now by the market.
And halving is on the way .but this time is different.
Learn to analysis by yourself.
Towards 66K - 3rd Wave extension (2.61) - High movement
- 3rd wave extension to 66 K ( timeframe - May'24)
- RS is positive
BTC/USDT: Anticipating a Correction from Key Resistance Zone?In this BTC/USDT technical analysis, we analyze the current price action and market trends to identify potential trading opportunities. The analysis suggests that BTC/USDT might experience a corrective phase from a significant resistance zone.
Analysis :-
BTC/USDT is currently facing a crucial resistance zone in the range of 30200 to 30400.
Historical price data indicates that this area has acted as a Point of Interest (POI) in the past, causing price reversals. Consequently, there is a likelihood that BTC/USDT could experience a bearish pullback from this critical level.
Considering the prevailing market conditions, we anticipate a corrective move in the BTC/USDT pair. Our analysis points to potential support levels at 29000 and 27500.
Traders should closely monitor price action around these areas as they might present buying opportunities if BTC/USDT respects these support levels.
Examining the micro and macro trend:-
The micro-trend, based on short-term price movements, is currently bearish, indicating the potential for a downside correction.
However, the macro trend, considering the broader market perspective, remains bullish, suggesting that the long-term bullish sentiment is still intact.
In conclusion, our BTC/USDT technical analysis indicates that the cryptocurrency pair is likely to encounter resistance in the 30200-30400 range, potentially leading to a corrective phase.
We expect the price to correct towards support levels at 29000 and 27500. Traders should exercise caution and closely monitor price action at these levels for potential buying opportunities.
Remember to stay informed, manage risks wisely, and trade responsibly. Happy trading!
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Testing HKEX:31 ,010 resistance area, HKEX:30 ,623 support yet to be tested. Bullish engulfing on last 1D close, expecting a follow up today. If breaks HKEX:31 ,010 expect resistance at HKEX:31 ,372- HKEX:31 ,611.
$BTC daily UpdateCRYPTOCAP:BTC #BTC Testing HKEX:30 ,282, back on HKEX:30 ,002 support. HKEX:30 ,623 required as support to avoid fakeout. HKEX:30 ,623 key resistance to watch.
$BTC Daily updateCRYPTOCAP:BTC #BTC testing HKEX:30 ,002 support, HKEX:30 ,282 resisting. HKEX:30 ,623 resisted with a wick on last attempt. Last 4H close looks fine but current 4H is not looking good as of now, if fails to hold current support expect HKEX:29 ,742 support to come in effect.
$BTC Daily Update$BTC #BTC Testing $28,590 resistance with a wick tapping $28,781, support at $28,781 required to avoid fakeout and test $29,199. Last 4H close looks good, $28,298 support to be tested yet
$BTC Daily Update$BTC #BTC Resistance in effect, Current support $27,478. 1D closed fine yesterday. Must regain $28,298 to continue climb and reattempt at $28,590-$28,781. Watch Given S/R
$BTC Daily Update$BTC #BTC $27,994 support in effect, $28,298 resistance in effect, as expected lost $28,298 support turned resistance. 1D closed with bearish pin bar failing to follow thru on bullish engulfing from Wednesday.
$BTC Daily Update$BTC #BTC Back above $27,994, current support at $28,298-$28,590. Testing $28,590 support. Fakeout on 4H with wick tapping $29,199 resistance. Last 4H close bearish watch $28,298 support. 1D closed good. $28,781 support needed to reattempt $29,199
$BTC Daily Update$BTC #BTC Struggling to regain $27,994 support. 1D closed bullish, $27,478 support in effect. If followed up last 1D close expect $28,298 test.
$BTC Daily Update$BTC #BTC Regained $27,994 support and currently on it, $28,298 resisting. Reattempt at $28,781 failed yesterday. Last 4H close looks good, 1D closed with bullish engulfing, needs $28,590 as support to breakout $28,938. Continue watching given S/R
$BTC Daily Update$BTC #BTC FUD and Interest rate hike hit with $2K drop yesterday, $26,650 tapped for support, $27,478 currently testing, needs $27,994 as support to reattempt $28,298 and resume. 1D closed badly failing to follow up on bullish engulfing from Tuesday, Continue watching given S/R
$BTC Daily Update$BTC #BTC Regained $27,994 support, $28,298 resisting, Last 4H closed with Bullish pin bar, 1D close with bullish engulfing if followed thru expect $28,590 retest. Next key resistance around $29,483 if takes $28,590.
$BTC Daily Update$BTC #BTC As expected struggling at $28,298-$28,590, current support remains at $27,478. Requires to gain $27,994 support to retest. Last 4H closed bearish, but 1D close looks good. Watch S/R
$BTC Daily Update$BTC #BTC $27,478 support in effect, took $27,994 during the weekend, $28,298-$28,590 resistance in effect. Expect struggle at $28,298-$28,590 as it has been support since May '22 and testing for the first time since then, taking $28,781 support will bring chance to test $30,623
$BTC Daily update$BTC #BTC $25,336 tested as expected and broke, $26,333 resisted last climb, but holding given support at $24,690 with a chance to retest. 1D close bearish pin bar, needs to hold $24,690 support.
$BTC Daily Update$BTC #BTC brokeout $22,750 and regained $23,713 support, $24,690 resistance in effect. Last 1D closed very good following thru previous daily close. Current support $24,129, $25,336 retest highly likely if regained $24,690 support.
$BTC Daily Update$BTC #BTC struggling at $21,790 resistance area to gain support, $22,379 key resistance remain strong. $21,452 support in effect as of now. $21,299-$21,056 next support range if breaks current support, Continue watching S/R
$BTC Daily update$BTC #BTC broke key support at $23,197 nosediving below $22,379, currently trying to regain $22,379. Last 4H mighty bearish, $21,791 current support. $22,379 support could come in effect.
$BTC Daily Update$BTC #BTC Steadily moving in given range of $23,197-$23,713. Bullish engulfing on last 4H close, current 4H just opened if followed thru expect $23,713 test. Daily close above $23,500 will put bullish engulfing on 1D time-frame. Crucial to hold $23,197 support.
$BTC Daily Update$BTC #BTC $23,197 support holding, $23,713 resistance remain in effect. Broke below $23,479 support. Failed to follow thru on bullish engulfing from Sunday. Continue watching given S/R
