BTCUSDT
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.
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 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’.
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Bitcoin Weekly Chart Analysis: Navigating the Bearish LandscapeBitcoin Weekly Analysis: Navigating Market Dynamics
Overview:
Bitcoin is currently navigating a complex technical landscape, marked by a bear pennant on the high-time frame (HTF) and resistance at the upper boundary of a rising wedge.
Bearish Sentiment:
Bear Pennant Formation: Bitcoin is ensnared in a bearish pennant, signaling a challenging market sentiment.
Rising Wedge Resistance: The cryptocurrency faces resistance at $38,500, aligning with the upper boundary of the bearish rising wedge.
Potential Scenarios:
Confirmation at $38,500:
High probability of a downward trend.
Potential Liquidation Wick at $46,000:
A strategic level for liquidating high-leverage positions.
Support & Resistance:
Support Zone: $29,000-$30,000 within the rising wedge.
Resistance Levels: $38,000 and $46,000.
Key Considerations:
Caution Advised:
Exercise prudence and conduct thorough research before making any trading decisions.
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 | 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