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#BTC 🔴 H1 SHORT (BITCOIN) Possibly W1 PPR ⬇️Interesting developments in Bitcoin. It seems that they tried to break through 31k several times, but at the same time, the 30k resistance worked out many times. But the last powerful impulse on the background of FUD took out the stops of all the longists, who stubbornly gained their positions in the LONG for a long time. We have been moving in the H1 range for a whole week, and most likely, the last downward impulse predetermined the current situation in BTC. At the D1 resistance, and the upper limit of the H1 range, a Double Top has formed, a Global Imbalance Level, which the price has already tested. And this gives an excellent signal to open a sell position. A retest of the imbalance is still possible, after which, with a high probability, we will go into the long-awaited correction, to the lower border of the H1 range (29982) and up to the previous Impulse Level (28737) p.s. In addition, on W1 we have a hint of the formation of a Bearish PPR, the implementation of which will definitely send the price to the level of 28.8-28.6K. p.p.s. In addition, the current Bitcoin Futures Contract on the Chicago Exchange expires on 07/01/2023. Accordingly, there should be significant volatility in the market. input: 30605 (on unbalance retest) stop: 31227 tp-1: 29982 tp-2: 28737 BITCOIN
BITSTAMP:BTCUSDShort
by TrEKone
BTC UPDATE 31k is our next target Looking at the big daily candles , it's a very very strong momentum. Which should break above the swing high. But bair in mind ,We also in weekly supply zone. Which is a strong resistance zone. As we can see the increased volume,hope it sustain the momentum. Again don't fall in any trades untill BTC becoms stable. Btc Dominance is high, Alts won't be reactive to btc proportionally. Let's wait and watch untill we see the breakout of 31k or a reversal.
by Akshay_Gour
BTC new ATH by the end of 2023 or in 2024?Hi dear community and my lovely followers. As you see all my analyses published in May played out ideally. /Check my previous publications with comments/. I told you many times I don't expect BTC to go below 25K with candle close, BTC btttomed at 24.8K and pumped in an aggressive way towards previous high 30-31K. I'm looking at monthly chart of BTC and have drawn all major zones and levels that will have vital role in coming weeks and months. Definitely BTC will become very sensitive at 36-37K zone and react at that zone which is Monthly Bearish Breaker, FVG, lowest point of daily and 2W bearish OB. If it manages breaking 37K more likely it will be rejected at 40-42K which is not only daily and 2W bearish OB with mean threshold 41K but also Inverse H & S target and upper target of inverted descending triangle. To tell the truth it is less liekly that BTC will break through the mentioned zones without rejection and some period of consolidation below it. When BTC reaches to the mentioned zone BTCD will reach 58-60% major resisatance zone and we'll see deep retrace with mini altseason before new ATH and Legendary alt season after new ATH. Check all charts and comments below this analysis/. Above mentioned levels, the last major resisatnce before new ATH is 48-53K. As you see there is monthly bearish OB at 43-45.5K but I don't expect price to react at that zone coz there is monthly IDM+ BSL above 48K which will be taken out and price will hit monthly FVG at 48-53K/Mean threshold 50.8K/. After reaching 48-53K I expect deep correction towards 28-30K. MM who have been accumulating huge amount of BTC at 24-28K, they will distribute their accumulated BTC at 48-53K when dumb money starts screaming new ATH is coming and FOMO into it MM will dump price to 28-30K. Which will prolong new ATH by Q1-Q2 2024 maybe a little bit longer. /Green & Blue scenario with targets 160-180K/ If we don't see deep retrace or correction at above mentioned zones and BTC reacts with short term shallow pullbacks, we can see new ATH by the end of 2023 with parabolic move/Orange scenario/ with the target 72-85K/. Dear community stay level headed, keep patience and don't be shaken out new ATH is coming either by 2023 or in 2024. Be prepared for both scenarios, As soon as BTC reaches to the mentioned zones I will update my ideas and let you know what will come next and which scenario has higher probability to play out. If you look through all my publications since June 2022, I nailed out the first bottom of BTC at 18.5K/a real bottom/ in June 2022, then 2d bottom at 15.5K/Spring-bear brap/ in November 2022, Pump from 15.5K to 25K, dump to 19-19.5K, pump to 28-30K, dump to 25K and coming pump to at least 36-37K. If you like my ideas and analyses don't forget to like, comment, retweet and show your support. Have a good day with winning trades. I wish you health and welth)).
BITSTAMP:BTCUSDLong
by ergal91
BTC’s price hit $38624.14The price of BTC/USDT has been dumped by -1.05% in the last 24 hours. Bitcoin is shown in the bearish mode & it will touch $24000 in 2023 and in bullish mode it will touch the $38600 in 2023. The previous All Time High was on 10th November 2021 where BTC was priced at $69,045. It has moved by 17.54% in the past week and it currently at $30000 approximately. There is slight bearish sentiment shown in the crypto market But in the long term it will hit the $34900 approximately in 2024. The current market cap of Bitcoin is $582,490,336,788.
Long
by tradewith_ritik