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...
Long article about Bitcoin
(This is not investment advice, just a trend analysis article to evaluate the market)
Bitcoin is taking the first steps of wave 3 on frame D of the Elliott wave. In February, the price target is estimated to reach over 61,000 to 64,000 USD. Let's predict Bitcoin's price targets for the next 3 months:
1. Currently in the H4 frame,...
📈 Technical analysis BTC/USDT
Bitcoin price has reached all targets from our previous review and set a new local high at $57,400. The driving force behind this growth impulse was the record inflow of funds into spot Bitcoin ETFs. Additionally, fundamental factors such as the upcoming halving and the rise of the US stock market in anticipation of the Fed's move...
📈 Technical analysis BTC/USDT
During the correction, the price of Bitcoin reached both targets from our previous review: the Imbalance 1D and Imbalance 1W zones. The price drop after the approval of the spot Bitcoin ETF was halted by a significant support block at the level of 38600, from which a local rebound occurred. BTC price broke above the dynamic...
Bitcoin has taken support at the 18.75 % levelwhich was 15701 after All Time High. Its fresh cycle of growth in Bitcoin as long as low of 15701 is held in future. After taking support on the cluster levels of 33.3% and 37.5% which were 25246 and 28001. It has risen above the 50% level of 36201. As in Gann Analysis it is the most important level of 36201 ako 50%...
📈 Technical analysis BTC/USDT
The price of Bitcoin continues to move within the ascending parallel price channel. After an unsuccessful retest of the 38000 level, the price returned to its lower boundary, where we are currently awaiting a retest. Thus, a new price range of 35000 - 38000 has formed.
For BTC to continue its upward movement, it needs to surpass...
Bitcoin's market dominance which reached its peak at 54.3% before dipping to 52.7%, suggests that traders are embracing additional risk by exploring Ethereum (ETH) and other altcoins. Furthermore, trading volume has diversified, with Bitcoin trading at up to three times the volume of ETH in mid-October, but that ratio has now reduced to just double the...
Bitcoin's market dominance has surged to an all-time high, standing at over 49% and nearing 50% of the total cryptocurrency market capitalization.
This trend is attributed to a recent price increase, driven by a sharp spike around October 16th. However, trading volume has dipped by over 40%, and the market cap has slightly decreased.
Bitcoin is currently...
Bitcoin may see the 31K as shown.
2nd wave was shallow, so as per the alternation we may see 4th wave deep around $27990
This analysis is validated till the price stays above the start of the 1st wave.
#BTCUSD #BITCOIN
It seems like you're interested in buying Bitcoin and holding it as an investment strategy. Here's some information and advice on how to approach this:
Best time to buy Bitcoin and sit and Relax till the election of 2024 I think 1 rally pending in cryptocurrency.
All information is for educational purposes.
The real strength of Bitcoin will be tested around 24.8 to 25.2k
News of Bitcoin ETF fueled the Bounce from the Trend Line.
We know a lot of Algo uses Log Trends.
If we Retest the Horizontal 25.2k Level and Bounce, It's not over for BULLS.
Hello traders.
This is a time to fill your portfolio with Bitcoin and other crypto currencies. I've been saying to buy altcoins for a while now. The reason is simple and quite obvious: 50% Retracement from the current price. I'm expecting an upward push in Bitcoin price after it reaches around the zone of $25-$26k. I'm also expecting a much needed spike in volume...
In the fifth cycle of the Bitcoin BTC bull market, Bitcoin has entered the fifth cycle of the long-term upsurge in the bull market. The general direction of the general trend has been formed. Only by continuing to rise, no one can compete with this bull market trend. Only by following the trend can traders get the results they want.
