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BTCUSDT

BTC/USD - Weekly OverviewFor the past week, Bitcoin is attempting to create sustainability above the psychological crucial mark of $20K. Additionally, after a positive crossover of MA-7 against MA-20, we haven’t witnessed any sharp downfall on the chart. However, the price level still remains below MA-50 which suggests that there is still a bearish sentiment in the overall market conditions. On the other hand, the RSI level is showcasing strong bounceback from the oversold region and has formed a rising channel pattern. The current level lies at 44.81. Last time, when the level was above 50, BTC was trading above $30K. With the ongoing positive trend on a shorter timeframe, BTC is expected to face resistance at $22K and $24K respectively. On the contrary, support levels could be placed at $20K and $18K respectively.
COINBASE:BTCUSDLong
by TradeDog-Research
What 1-hour chart says? Fundamental Development:- Crypto conspiracy theories abound, but prop traders are just doing their job Alameda Research is a cryptocurrency trading firm and liquidity provider founded by crypto billionaire Sam Bank man-Fried (SBF). Before founding his firm in 2017, SBF spent three years as a trader at the quantitative proprietary trading giant Jane Street Capital, which specializes in equity and bonds. In 2019, SBF founded the crypto derivatives and exchange FTX, which has quickly grown to become the fifth-largest by open interest. The Bahamas-based exchange raised $400 million in January 2022 and was valued at $32 billion. FTX’s global derivatives exchange business is separate from FTX US, another entity controlled by SBF, which raised another $400 million from investors including the Ontario Teachers’ Pension and Soft Bank. The self-made billionaire has big dreams, like purchasing finance giants like Goldman Sachs, and in July 2021, he previously mentioned that “M&A is going to be the most likely use of the funds,” raised from investors. On June 18, crypto brokerage Voyager Digital announced that Alameda Research had agreed to give the company a 200 million USD Coin (USDC) loan and a “revolving line of credit” of 15,000 Bitcoin (BTC) worth $319.5 million at current prices. Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $21,800-$20,800 ranges.BTC is made low 21,300 and now consolidating within a range. Yesterday it made high near $21,800 and then it continue to decline. Bitcoin is struggling to gain momentum above $21,500. Alternative Scenario: If Bitcoin fails to clear the $21,500 resistance zone, it could start another decline. An immediate support on the downside is near the $20,800 level.
COINBASE:BTCUSD
by eva236220
Bitcoin Short Term AnalysisBitcoin after the rally from making the lows is under correction and I expect it to go slightly higher from current levels and give another drop below 20k levels which would complete the correction and then a rally higher from there which could take it for the targets of 23k to 25k. One more sharp correction is required to complete the pattern but it can also come going higher than 21600.. Right now my expectation is for a regular ABC correction but if it goes past 21600 and make new highs then it would be either an expanded flata or running flat. Most likely should be a running flat in that case as Bitcoin seems to be holding 19900 levels which was previous high..
BITFINEX:BTCUSD
by SirajHudda