Bitcoin Technical Analysis - Bearish Scenario & Elliott Wave Count
Greetings traders and investors,
Current Analysis:
The current BTC scenario appears bearish. As discussed earlier, I highlighted the likelihood of a significant dump. I hope you adhered to the warning and avoided long trades around $70,000 - $72,000.
Chart Analysis Recap:
The chart shows a clear...
Bitcoin Update: Key Alert!
Quick Analysis:
As previously highlighted, #Bitcoin remains under pressure. Staying below $67,900 has shown us there’s limited upward potential, and now it's more evident with the recent rejection from $67,000. Bitcoin is currently trading below $62,000, signaling a strong bearish trend.
Current Status:
Bearish Outlook: Bitcoin's...
Will Bitcoin Go Down? Bitcoin Market Quick Update
Bearish Signal: As long as Bitcoin stays under $67,900, it’s likely not going to climb much.
Possible Drop: If #Bitcoin can't rise above $67,900 soon, we might see its price go down to somewhere between $45,000 and $50,000.
Keep an eye on $67,900. Plan your trades and consider stop-losses to manage risk.
What's Next for Bitcoin? Understanding Its Current Price Moves
#Bitcoin Market Brief
Current Status: CRYPTOCAP:BTC is trading near $64,000 amid recent declines. Bearish trends dominate due to global uncertainties affecting crypto markets.
Key Levels:
Support: Watch $63,800. Falling below could lead us to $51,000.
Resistance: Key resistance at $67,600. Below...
#BITCOIN BEARISH ALERT
Market Status: Bearish
Key Observations:
Pattern Breakdown: Bullish Pennant formation has been compromised.
Trend Line Status: Currently trading below the key trend line.
Targets: $50,000
Condition:
This target is set under the condition that #BTCUSDT remains below $65,500.
Keep a close eye on the price movement. A sustained position...
As per the Dly chart of BTCUSD,
A Bearish Pennant Break Down can be seen & a further break down below the next support can lead to further downside.
Keep Watching.
In this above analysis, I show both scenarios may be happening in the future. Take a position as your own calculation if anyone happen. Now wait for the good opportunity
HAPPY TRADING
