Bitcoin..the Euphroic currency which has trapped millions of ppl..
has broken its 100 weekly with force.. expecting to test 200 weekly average at 3000
NOTE: Analysis is for EDUCATIONAL PURPOSE only
We see levels below 6800$ (earlier breakout level) as likely to accelerate further weakness, and we target a move towards 6000$ and sub-6000$. If the earlier shoulders lost, a move towards the lower end of the falling wedge is beckon.
Bitcoin's price trajectory has recently taken a downward turn, by breaching the key support levels and forming a rising wedge pattern. This bearish pattern emerged as the price stabilized at the higher levels, which followed a period of steady gains.
However, the latest market structure shows a clear breakdown from the wedge in 4-H TF, marked by a series of...
Bitcoin Update 02.05.2024
A.O.A and Good Morning to All Brothers and Sisters!
As Forecast Yesterday Bitcoin Dropped and Supported by Exactly our Yellow And Blue Area. And Just Bounced Back From Blue Area. Till Now Bitcoin Has No Direction. But Try To Break The Yellow Area. And Last 4H candle Retest Now. Price Can Grow Up And Touch The 4H Resistance but This Will...
Bitcoin's recent performance has been nothing short of spectacular, marking its most bullish week of the year with a 12% surge. This rally shattered the previous consolidation zone, propelling prices beyond the FWB:42K -$43.5K range. The cryptocurrency didn't stop there; it soared past critical thresholds on the Fibonacci retracement chart, signalling the...
Bitcoin (BTC) prices have exhibited significant volatility. Prices are influenced by factors such as market demand, regulatory developments, macroeconomic trends, and investor sentiment. It's essential to check the latest market information for the most accurate and up to date BTC price. Visit reliable financial news websites or cryptocurrency exchanges for the...
Bitcoin (BTC) surged above $35,000 on October 24, 2023, after BlackRock's iShares Spot Bitcoin Exchange-Traded Fund (ETF) was listed on the Depository Trust & Clearing Corporation (DTCC) under the ticker IBTC. This is a significant development for the crypto market, as it suggests that institutional investors are becoming more comfortable with Bitcoin and that the...
Bitcoin (BTC) opened the trading week marginally higher, trading above $41,000. Ether (ETH) was also up slightly, trading above $2,100.
Data from Coinglass have been $103.5 million in liquidations of token-tracked futures in the past 12 hours, and $95 million of them have been longs, or bets on higher prices. Of the $103.5 million in total liquidations, $33...
Bitcoin Descending Triangle Analysis 🔥
The above chart of Bitcoin ( BTCUSDT ) laid out the descending triangle pattern. This pattern is often regarded as a characteristic of a bearish trend . It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower...
Bitcoin (BTCUSDT) is currently trading in the $20785 range, the price of Bitcoin approaching the Multi support level. If the prices stay above $20600, BTC could reach $21990. If Bitcoin falls below the multi-support level, it could fall to $19660.
Comment your direction $21990 or $19600
Bitcoin went on to hit a new low and we are super-oversold on the daily RSI.
We can see here the RSI also trending bearish on the weekly timeframe while the MACD has entered the bearish zone (below 0).
The Crypto Fear & Greed Index stands at "Extreme Fear" and a low 13 points, this is near its All-Time Low.
"Buy when others are fearful..."
Buy & Hold...
bitcoin charts are showing a bullish pattern . bull flag is forming in bitcoin charts . also bitcoin is breaking out of it . so tighten your seat belts as bitcoin is going to the mooooooon
BitcoinBitcoin Index
11,277.5+262.1 (+2.32%)
12:31:44 - Real-time Data
11,274.0
18:00
20:00
22:00
11,000.0
11,200.0
11,400.0
11,100.0
11,300.0
Start Trading
| AD | CFD trading is risky
Technical Summary
5 mins:Neutral
Hourly:Strong Buy
Daily:Strong Buy
Monthly:Strong Buy
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(BTC) trading volumes in spot and...
