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BITCOIN IS FORMING FALLING WEDGE AGAIN bitcoin is looking very bullish for the week as bitcoin is breaking resistance again and again . once again it is making a falling wedge pattern which is a bullish pattern and if this wedge breaks out then we could see upward movement is price . so keep your eyes open as i think bitcoin is soon gonna touch is psychological resistance at 50k which is a very important resistance for bitcoin and all the traders .
Bitcoin reversal levelsBitcoin is trading around the 50 EMA on 4 hr TF. There are 2 possible reversal scenario as mentioned on the above chart. Don't take any new position for now. Wait for 4 hr candle closing, watch where closes. Mostly BTC will be bearish/consolidation stage for next 2-3 days, try to add more btc or other alts on dips and keep holding . Experts have predicted BTC to 100k by the end of the year.
Bitcoin Bull Run: Flag and Pole Pattern with EMA BreakoutBitcoin recently gave a breakout at 55 EMA on daily time frame, hinting an upcoming bullish run.
This has been a rare signal since BTC rarely crosses EMA on daily chart. (Last it crossed EMA upward in 2020 and ran to 64k)
After touching the 42k mark, a correction was observed back to 38k and might proceed to 36.5k.
The flag and pole pattern suggests an upcoming bullish move, the EMA support at 36.5k also confirms this.
The future seems to be bright with a potential bull run up to the 50k mark.
Bitcoin's Last CrashBitcoin has been in a lot of stress lately, many new investors joined during the bull run but as the market reversed as it did in 2017 we can see that happening again in 2021, as my analysis says the last fall of bitcoin in this crash has started and it might end bitcoin on $20000 to $19500, which will be an important support.
Bitcoin (BTC)- Day Chart AnalysisBitcoin (BTC) has currently wiped out 50% of the entire market capital over the week and it is still yet to reach the price target of 28k Dollars within upcoming weeks or months. In Day Chart is has formed head and shoulders pattern, which indicates downward movement of the particular currency pair to go down till the mentioned price level i.e. 28k dollars in INR it comes up to 22-24L. Market can expect a reversal once after price reached that level of support and can pull-back up to 48-50k dollars in short-term. Investors can look up to this price level for short-term investment in any pair of alt coins.
BITCOIN SUPPORT 33525 RESISTENCE 35788BITCOIN SUPPORT 33525 RESISTENCE 35788
LONG IF REVERSE FROM 33500 OR ELSE SHORT TILL 32350
last 5 red candles quantity is very less as compare to 4 previous green candles.
UPTREND.
Bitcoin's average price is dropped to $36796 on Hourly#bitcoin the average price has dropped to $36796 on hourly charts which means if it crosses & sustains above this price, we can expect recovery but if it couldn't, this average is generated by sellers and price will fall further. $36796 is a most important price to look at.
Bitcoin diamond/BTC bitcoin diamond is great for long, above the level of 4800 (after the decimal). however, the market is volatile and cryptocurrency is always unpredictable.