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BTCUSDT

BTCUSDT Trading Strategy for BTCUSDT: BTCUSDT continues to show notable stability, maintaining a high price above $66,000 this Thursday. In the short term, BTCUSDT is trending sideways, with significant resistance levels identified at $67,500 and $68,700. Clear support levels are marked, and the 34 and 89 EMA lines are displaying a strong upward trajectory in the near future. As long as the crucial support level of $60,000 remains intact, the bullish camp is prepared to maintain its advantage during this phase.
Long
by RKarina
BTC Bitcoin Sell-Off and COIN Coinbase potential HackIf you haven`t bought BTC before the rally: Then you need to know that today Coinbase's trading engine experienced a disruption during ETF trading hours, causing a significant impact on individuals actively trading Bitcoin on the platform and leading to a substantial drop in its price. The aftermath of the incident saw the price recovery after ETFs purchased actual Bitcoin for the next trading day (T+1). However, questions arose regarding the cause of the price decline. While Coinbase's outage played a role, suspicions arose about other exchanges possibly exerting considerable selling pressure. The speculation was whether Coinbase was the main stabilizing force and if there were other irregularities in play. Concerns escalated, leading to speculation about a potential Hack on Coinbase. Users reported missing assets, and both phone and chat support were inaccessible during a critical market moment. The situation highlighted the vulnerability of relying on centralized exchanges, emphasizing the importance of having control over one's private keys to ensure ownership and security of crypto assets. The overall consequence was a market downturn, signaling a potential local top. My Price Target for Bitcoin is $51K.
Short
by TopgOptions
3
Bitcoin Analysis: Path to Resistance Breakdowns Across Multiple Bitcoin Analysis: Path to Resistance Breakdowns Across Multiple Timeframes Abstract: Bitcoin (BTC) continues its price journey, displaying resilience as it approaches key resistance levels on various timeframes. This analysis revisits BTC's recent movements, highlighting its confirmation of support and subsequent challenges at critical resistance points. Insights are provided for potential scenarios upon breaching these resistance levels. Introduction: BTC's recent price dynamics have attracted significant attention among traders and investors. Building upon previous analysis, this report examines BTC's current state, emphasizing the confirmation of support and the potential scenarios upon approaching and surpassing notable resistance levels. Analysis: 4-Hour Timeframe: BTC successfully confirmed support around $59,980 and has shown a bullish trajectory towards the $59,980 resistance level. A break above this resistance could signify further upward momentum, potentially setting the stage for challenging higher resistance barriers. Daily Timeframe: Upon breaching the $59,980 resistance, BTC faces a significant hurdle at $63,398 on the daily timeframe. This level has historically acted as a formidable resistance, often leading to price retracements or consolidations. Traders should closely monitor BTC's price action for signs of strength or weakness around this critical level. Weekly Timeframe: On a broader scale, BTC encounters a substantial resistance zone around $65,632 on the weekly timeframe. This level represents a culmination of long-term trends and market sentiments, making it a pivotal point for BTC's price trajectory. A successful breakout above this resistance could signal a bullish trend continuation, while failure to do so might invite prolonged consolidation or corrective moves. Conclusion: Bitcoin's price analysis reveals an intriguing setup across multiple timeframes, with emphasis on key support and resistance levels. Traders should remain vigilant as BTC approaches critical resistance barriers at $59,980, $63,398, and $65,632. Breakouts above these levels could pave the way for further upside potential, whereas failure to breach them might lead to consolidation or retracement. As always, risk management and strategic decision-making are paramount in navigating the dynamic cryptocurrency markets.
by nawaab001
Sell position detected !Certainly! Here's the prepared text with the signal incorporated: Trade Signal: #BTC Sell Position Entry: Sell at 52,400 Take Profit (TP): 50,600 Reasoning: In this trade, the decision to take a selling position is based on the declining value of Bitcoin (BTC). Several logical reasons support this decision: Technical Analysis: Analysis of the Bitcoin price chart may indicate a bearish market sentiment, suggesting a potential continuation of the downtrend. For instance, chart patterns such as a head and shoulders reversal pattern or a swift decline in moving averages (MA) could be observed. Fundamental Analysis: News or events that could negatively impact Bitcoin's value might be influencing this decision. This could include negative government statements or regulatory constraints in digital asset markets. Combined Analysis: Utilizing a combination of technical and fundamental analysis can provide a more robust entry point. For example, if a negative chart pattern coincides with unfavorable news regarding Bitcoin, it could serve as confirmation for the selling decision. Considering these factors, taking a selling position can be a logical decision. However, it's essential to remember that trading in financial markets carries inherent risks, so always conduct thorough research and consider implementing proper risk management strategies.
Short
by PatFin
1
Bitcoin Crash Alert: Ready for $22k as per Past Fractal AnalysisPotential Bitcoin Price Movement Based on Previous Cycles Greetings crypto community! I wanted to share an interesting observation about potential bitcoin price movement based on fractals from past market cycles. - In 2019, BTC was 42% below its previous all-time high (ATH). Currently, in 2024, it is 41% below the 2021 ATH. - In 2019, BTC dumped 73% from the 0.786 Fibonacci retracement level. It is currently trading at the 0.786 level. - In 2020, BTC was 73% down 322 days before the 3rd halving. Currently, it is 100% up 322 days before the upcoming 4th halving. - There are similar price "boxes" between 2019 and 2024 - GETTEX:13K - GETTEX:14K back then versus $50k- GETTEX:52K now, and $4k-$5k versus FWB:21K -$23k. If these fractals play out similarly, we could potentially see BTC in the $22k- GETTEX:25K range soon. Please Like Share and Follow me for more quality analysis
Short
by CryptoPatel
4
BTC Analysis: Inverse Head and Shoulders Formation Signals Bulli💎BTC is currently exhibiting signs of an inverse head and shoulders pattern, with the right shoulder consolidating for a longer duration. This prolonged consolidation increases the likelihood of a bullish outcome, as selling tends to occur rapidly while bullish movements take time to develop. Moreover, the price has already surpassed the previous resistance level of 43,598, indicating a shift in market sentiment favoring the bulls. 💎Confirmation of this pattern awaits a breakout above the resistance level of 44,478. Such a breakout would create room for further bullish momentum, with potential targets near 46,000 and 47,600. 💎Conversely, a bearish scenario would entail a breakdown below the support level of 41,333. This would invalidate the inverse head and shoulders pattern and potentially form a lower high, increasing the likelihood of a bearish trend. In this scenario, downside targets could be expected at 39,727 and 39,031.
by MyCryptoParadise_Nathan
3
Bitcoin Inverted Head & Shoulder Pattern #Bitcoin Inverse H&S Spotted ▪️ CRYPTOCAP:BTC Inverted H&S potential building ▪️ Clear breakout level to watch ▪️ Attractive upside targets if triggered ▪️ No confirmation yet, so caution is still advised While traders are buzzing about a potential inverted head and shoulders forming on the BTC charts, caution is still warranted until we get CONFIRMATION. The breakout point to watch is $43,700 - only a decisive 4 Hour CLOSE above that level would trigger the bullish pattern targeting: ▫️ 1st Target: $47,090 ▫️ 2nd Target: $49,225 CRUCIAL: Below the neckline at $43700 Bitcoin remains Bearish territory. Disciplined traders will await a confirmed breakout before getting too bullish here! Patience pays with chart patterns.
COINBASE:BTCUSD
by CryptoPatel
1
Ocean Protocol (OCEAN) Price Prediction 2024, 2025–2030Ocean Protocol (OCEAN) Price Prediction 2024, 2025–2030 A symmetrical triangle is a chart pattern that shows two converging trend lines that connect a series of sequential peaks and troughs. The trend lines should converge at a roughly equal slope. Ocean Protocol price prediction 2025 The Ocean Protocol price prediction for 2025 is currently between $ 0.409910 on the lower end and $ 1.921728 on the high end. Compared to today’s price, Ocean Protocol could gain 362.55% by 2025 if OCEAN reaches the upper price target. Ocean Protocol price prediction 2030 The Ocean Protocol price prediction for 2030 is currently between $ 0.884510 on the lower end and $ 2.71 on the high end. Compared to today’s price, Ocean Protocol could gain 551.37% by 2030 if it reaches the upper price target.
OLong
by CryptoTechAnalyzer