According to My Analysis Bitcoin Is Still Bullish Area Until it Don't Cross the Two Yellow Lines. And If Bitcoin Break These Two Lines Then For Me Next Target can Be also 50K. And Exactly for That Reason I Dont Suggest any Buy Trade or Any New Buy Signal In Gruop.
And One Important Lesson of Trading What I Learned is,
Trading Doesn't Mean That You Have Allays...
Bitcoin has a market cap of $1.3 trillion and is currently 1st in the cryptoverse. Bitcoin’s 93.87% of the total BTC supply is currently circulating in the market. BTC is currently trading near the value of $66238 with a loss of 0.89% in the past 24 hours and 4.54% loss in the past seven days.
BTC is currently forming weak bearish candles on the daily chart. It is...
Bitcoin Cash has a market cap of $9.2 Billion and is ranked 16th in the CMC. It has a VM ratio of 0.02 with a surge of 2% in the overall volume. BCH is currently trading near the value of $470 with a slight gain in the intraday session.
Bitcoin cash price is currently in a weak consolidating range. It is trading below the 50 and 100 EMA which can act as resistance...
Bitcoin Cash has a market cap of $9.2 Billion and is ranked 16th in the CMC. It has a VM ratio of 0.02 with a surge of 2% in the overall volume. BCH is currently trading near the value of $470 with a slight gain in the intraday session.
Bitcoin cash price is currently in a weak consolidating range. It is trading below the 50 and 100 EMA which can act as resistance...
BINANCE:BTCUSDM2024
Bitcoin has rallied breaking several resistance zones in past 2 days
For those who missed out on trade are waiting for a pullback to setup long positions
Bitcoin looks bullish on higher time frame ( 1day and 3day )
So i propose some long position which might be considered in future
The first one is (risky) on the flip zone
the second...
I'm just analysing BITCOIN in case of an alternative to equity market worstcase scenario.
BITCOIN chart shows flag formation. It looks like ready to breakout of channel.
Target may be Long-term Channel midline.
Bitcoin is breaking out of its short-term downtrend and is currently in an Elliott Wave 3 movement. There is an expectation of Bitcoin's price growth towards its previous peak level of $73,000.
As of now, the BTC is being traded at 61040.7 with a small decrease of -0.84%.
The price of Bitcoin continues to slowly move, resembling a descending wedge pattern instead of consolidation, possibly leading to a 20% increase once it breaks out successfully. Nevertheless, according to the momentum indicators, there is a possibility of further decline before BTC...
In particular, Bitcoin has successfully surpassed the $60,000 mark, which had served as significant psychological and technical support during the 2024 bull market. Nevertheless, the ascending trendline was broken and started to decrease due to the 20-day and 50-day EMA's dyynamic push from upside. This deterioration has heightened the pessimism in the market.
The...
Daily Bitcoin Analysis 01.05.2024
A.O.A And Good Morning to All Brothers and Sisters!
As Forecast Yesterday. We Have Created a New Low On Price Yesterday. And That Makes A Bit Changes. We Have Now a New Diagonal Line and Today We look The Chart On Daily Time Frame. Reason Is Monthly Candle is Closed under The Area(64850). And That A Bearish Signal, Even Actuall...
The Bitcoin price has been consistently dropping for the past four weeks.
The selling pressure intensified as the bullish investors were unable to maintain the FWB:65K level.
During the past five trading sessions, the price of Bitcoin has experienced a significant decline, plunging below the $65,000 mark due to increased selling pressure following the halving...
Further updates on Bitcoin's H4 trend:
Bitcoin has just completed 11 waves of the FLAT correction wave in the H4 frame.
Currently, a bottom has been created at $60,000
Looking at the H4 frame, we can see that Bitcoin has just continued the first 3 beats of its 5 growth beats. The TenKan and Kijun lines both intersect and the upward trend is in the ichimoku cloud...
After touching a low of $60k, Bitcoin has now bounced back taking $61k as its new support zone. However, there is a resistance near $73.2k.
A move above $73.2k would signal a price rally towards $80k followed by $100k. However, we expect the second target of $100k only to materialize towards the end of the second half (Nov-Dec) of 2024.
A move below $61k would...
according to wave analysis don't expect that bitcoin will cross 100000 dollar
bitcoin will start its correction from 80000 dollar so ready to ride this ride till 80000 then reenter again
Early morning today (11/12/2023, IST), BTC plummeted to $40500 levels and quickly regained the strength. Will a further downtrend expected? Let us see.
Technical Analysis:
CRYPTO:BTCUSD hasn't fully recovered from the recent fall, currently hovering around $41,800. This is in line with a double top pattern, indicating a potential continuation of the downtrend....
According to the first beats of Bitcoin, it seems that the market is trying to evaluate Bitcoin at a stagnant level of 60,000 - 70,000 USDT, with this mark temporarily being a balance between buying and selling. However, this correction zone will continue to be maintained before returning to the previous main trend. Stay tuned to the beat and let us know if this...
Thos chart measures historical pre halving rally, which averages to 360% which bitcoin has continued in this cycle too, and expectedly 40-15 days before halving it reduces in price by 30% following the next 150 days it breaks ATH into price discovery and and each run last for approximately 524 days, using this historic data the expected Top for bitcoin lures from...
