Price of the Bitcoine is Refelection of the World LiquidityThe best part of the Bitcoine price movement is show in the What is the liquidity of the world, If the liquidity increase the price of bitcoine is goes up and When liquidity is shrink the price of the bitcoine is down this is very important for the trader and investor.
The price of bitcoine most of the time give go return when the Nesdaq give good return.
"No Matter You Are Trader or Investor, You Love or Hate Cryptocurrency, But you can't ignor the Bitcoine"
Cryptocurrency
Bitcoin Analysis Yesterday, we didn’t get a clear breakout and the market remains stuck between two level like forming red green pattern.
This chart shows the Bitcoin-to-USD (BTC/USD) price action, likely on the 1-hour timeframe, with indications of a potential bearish movement. Here’s a quick analysis based on the provided image:
Key Observations:
1. Current Price: The price is around $94,921, showing a slight decline (-0.23%).
2. Ascending Channel: The chart indicates a rising channel (black trendlines) that is nearing its upper boundary, suggesting potential exhaustion of the upward momentum.
3. Resistance Zone: A purple rectangle marks a resistance area where the price has struggled to break through.
4. Bearish Rejection and Projection:
• The price appears to be consolidating near the upper trendline but lacks strong bullish momentum.
• An arrow indicates a potential breakdown from the channel, aiming toward lower levels around $93,000.
5. CCI Indicator:
• The Commodity Channel Index (CCI) shows a decline from overbought territory (above 100), indicating bearish momentum could be building.
Potential Scenario:
• Bearish Breakdown: If the price breaks below the ascending channel, it could test the $93,000 level or even lower to the $92,000 support zone.
• Invalidation: If the price breaks above the resistance zone and holds, the bearish outlook would be invalidated, leading to further upward movement.
Trading Suggestion:
(Don’t follow me blindly as I am not a certified trader)
• Consider short positions if the price breaks below the channel and confirms with volume or candlestick patterns.
• Monitor support zones near $93,000 and $92,000 for potential profit-taking or reversal signals.
• Place a stop-loss above the resistance zone to manage risk.
Bitcoin Analysis (30 Minutes Time Frame)This article analyses potential future price movements for Bitcoin. My analysis indicates that a breach of the $94,000 support level would likely trigger a downward trend, with the next support level anticipated at $92,500.
Here is the explanation for the analysis:
1. Support Level at $94,000:
• The upward-sloping blue line indicates a short-term support level, formed as the price previously found stability at or above this level. This trendline acts as a cushion, where buyers typically step in to prevent further decline.
•A breach below this support would signify that selling pressure has overwhelmed buying interest, breaking the psychological and technical barrier.
2. Trend Formation:
• The chart shows a consolidation pattern near the support level. This suggests market indecision, where price movement could either rebound upward or break downward.
• The downward black arrow on the chart indicates your expectation of a breakdown, based on weakening momentum and lower highs.
3. Volume Analysis:
• The declining volume bars in recent candles suggest reduced buying interest. This often precedes a breakdown, as sellers gain control of the market.
4. Next Support at $92,500:
• The purple line at $92,500 represents the next significant support level, where the price has historically found stability. If $94,000 is broken, sellers are likely to push the price toward this level, as buyers may regroup there to counter the bearish trend.
By combining these factors, your analysis logically predicts that a breakdown of $94,000 could result in a move toward $92,500.
Bitcoin: BTCUSD surpasses 200-SMA barrier, focus on $65,450Bitcoin (BTCUSD) rises to a five-week high, crossing the 200-day Simple Moving Average (SMA) during a slow trading session on Monday, largely affected by holidays in Japan, the US, and Canada. Notably, Bitcoin formed a Doji candlestick on the weekly chart, hinting at a potential reversal of its losses from late September.
Further upside appears lucrative
In addition to the weekly Doji candlestick and Bitcoin's recent move above the key moving average, a bullish crossover on the MACD and a strong RSI (14) support BTCUSD buyers.
Key technical levels to watch
With Bitcoin (BTCUSD) successfully trading above the 200-SMA, buyers are gearing up for a challenge against a four-month-old descending resistance line near $65,450. The previous monthly high of around $66,500 also poses a barrier; breaking through this level could open the door for Bitcoin bulls to target the $70,000 mark, which was tested in July.
Conversely, sellers should watch for a drop below the 200-SMA, currently around $63,350. If this happens, the 50% Fibonacci retracement level from the June-August decline and an upward-sloping support line from early August, located near $60,800 and $58,750 respectively, will be crucial for buyers to defend.
US Dollar consolidation adds strength to bullish bias
In addition to the technical indicators, a quiet economic calendar this week and mixed data from the previous week could lead to the US Dollar’s retreat, which may help boost Bitcoin (BTCUSD) prices.
BTC Start Retracing to reach 57432 - 58291 area 2 Week TimeFrameBtc gave a good mobing averages and hit the level 66.5K and a retracement was very much expected. so how deep this retracement can go, with fibbonacci in 1D time frame suggesting a retracement till 61.2k to 61.6k area. but after consolidating on this zone, it can continue to retrace till 59.5k with a wick to 57432 - 58291 zone.
so all these points will act as point of support
61.2k to 61.6k
59.5k
57432 - 58291k
please trade carefully.
Happy trading.
Bitcoin Fresh Analysis ( more Dump or Pump ? )#Bitcoin Fresh Analysis:
Bitcoin recently bounced strongly from the $50,400 Bullish Order Block. If Bitcoin can hold this support level, we might see it reach $65,000 soon. However, if it fails to hold and breaks down, the next possible support is around the $42,000 Bullish Order Block.
Always wait for confirmations before entering trades. Never risk your hard-earned money on uncertain moves.
Aptos 1D Technical Analysis - Major Altcoins are also seeing liquidity getting sucked out of them
- I consider Aptos, currently priced at 4-5 dollars, to be a strong buy.
- If you are looking for a long term swing pick then APT looks fair to me
- BTC Dominance has almost made its TOP
- I don't think we should fall beneath 4$ for aptos
- Consolidation and basing is going to be a part of Aptos's Price Behaviour so make sure that you do not get swept out
- Always manage risk properly
Bitcoin Technical Analysis - Bitcoin is currently trading with a very choppy price action.
- Investor's sentiment washout has been done for 2 months where altcoins got nuked and beaten down badly
- What's cooking next, IMO if you are planning to buy every dip that you see then its better that you do not, crypto in terms of Bitcoin and Ethereum has stayed strong but altcoins are making new lows every day so I prefer adding Bitcoin Solana Ethereum instead of alts
- I am going to keep my eyes on 55,000-56,000$ for Bitcoin it might revisit that
- Don't forget aggressive short sellers are going to open more aggressive shorts that might lead to another round of shorts liquidation up to 68,000$
Bitcoin Ready For $28,000 As per SMC Chart AnalysisBITCOIN Urgent Weekly Chart Update
Weekly Chart Analysis:
Order Block (OB) 1: $42,000 - $38,000
First Fair Value Gap (FVG): $47,557
Order Block (OB) 2: $28,000 - $26,400
Second FVG: $33,802
Potential Scenarios:
We could see a fill of the first OB and FVG before a new upward rally.
Both FVG and OB are in the discount zone, increasing the likelihood of hitting the second OB and FVG around $33,000 - $30,000.
Spot Entry Levels:
Entry 1: $47,600 - $41,600
Entry 2: $33,900 - $27,000
Targets: $100,000 / $150,000 / $180,000
This might sound speculative, but there is a high chance of sweeping liquidity at these levels before a bullish rally.
Reminder: My eyes are open for discount zone entries. I could be wrong, so always do your own research before investing. This is not financial advice.
Stay alert and trade wisely.
Bitcoin Ready For $28,000 As per SMC Chart AnalysisBITCOIN Urgent Weekly Chart Update
Weekly Chart Analysis:
Order Block (OB) 1: $42,000 - $38,000
First Fair Value Gap (FVG): $47,557
Order Block (OB) 2: $28,000 - $26,400
Second FVG: $33,802
Potential Scenarios:
We could see a fill of the first OB and FVG before a new upward rally.
Both FVG and OB are in the discount zone, increasing the likelihood of hitting the second OB and FVG around $33,000 - $30,000.
Spot Entry Levels:
Entry 1: $47,600 - $41,600
Entry 2: $33,900 - $27,000
Targets: $100,000 / $150,000 / $180,000
This might sound speculative, but there is a high chance of sweeping liquidity at these levels before a bullish rally.
Reminder: My eyes are open for discount zone entries. I could be wrong, so always do your own research before investing. This is not financial advice.
Stay alert and trade wisely.
Bitcoin Technical Analysis- Bitcoin is currently hovering around the zone of overhead supply
- Bitcoin can keep consolidating or move sideways here and that's going to help Bitcoin throw up or shoot up big
- If Bitcoin gets rejected from here we can see an easy retracement to 65,000$ and then continue to move up
- Avoid leverage like I always say and try building/holding positions in spot
- Spot will save you from volatility much better than leverage if you still want to use leverage don't go beyond 2-3X