BTCUSDT
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
BTC | 1H: Today Plan:
$30,000 Sell wall has been filled. This development might signify a potential pullback during the US trading session, accompanied by a long squeeze. But, the overall high time frame outlook for BINANCE:BTCUSDT remains bullish. Lets see!
Previous day:
VAH: $28775
POC: $28667
VAL : $28300
Date: 20 Oct 2023
BTC | 1H: Today Plan: FWB:27K Buy wall filled and we've seen some short squeeze on $BTCUSDT. This could be followed by a further upside move if today's Core PPI and FOMC Minutes data support the bullish sentiment. Let's see what happens!
Previous day:
VAH: $27594
POC: $27378
VAL : $27326
Date: 11 Oct 2023
BTC | 1H: Today Plan: $27,000 Buy wall. I'm looking for a short opportunity on $BTCUSDT. Currently, perps hold the crypto market and spot buyers need to come in to support the perps to avoid dropping below $27K. Wishing you all a great Friday!
Previous day:
VAH: $27730
POC: $27435
VAL : $27360
Date: 6 Oct 2023






















