Just 5 days ago we looked at the bearish potential for Bitcoin, " Bitcoin Entering ABC Correction | Altcoins About To BOOM! "
This potential remains intact.
We are likely to see lower prices in the days to come.
Just a correction before we resume massive strength and bullish growth.
We believe the Altcoins will do great while this correction is done.
This...
Here's the Bitcoin Usdt Perpetual weekly timeframe chart analysis. As the price is near the PRZ/supply zone set by the ABCD pattern, price action also seems to form a shooting star at the top of the supply zone.
This could be an early sign of exhaustion in the momentum and the price may correct further until the 53k-51k before another rally.
However, if the...
Will see the current status of Pi Cycle Top, Log graph & Investor tools at once to predict bitcoin top as per the calculated duration of cycle if it go beyond than expected.
Now, let's look at the charts and what it has to say.
First, we came back 1st October with a prediction that Bitcoin will become bullish and strong.
We later wondered about the future, where will Bitcoin be in 10 years?
Will it be $1,000,000, $2,500,000, $50,000 or more?
I believe that we will see a 100T (Trillion) market capitalization for Bitcoin soon...
My initial target of 44k has been met. This is clearly a low time frame downtrend. I’m expecting 2 thing in the coming days- A retest of 42.6k and a retest of the EMA 20 daily at 47/47.5k. I’m not very optimistic this month until bitcoin reclaims the EMA 20 on the daily.
Crypto Market has no strong confirmation of reversal.
Bitcoin volume since one month looks low and a bit worrisome. Until it is in the channel and a good bounce back from 28k $ level will pick the market momentum, a breakout on downside will test 19K $ and blood bath will witness once again.
Key SAR level are
R1 / R2 : 36k$ / 41k$
S1 / S2 : 28k $ / 19K$
#BTC (Update)
Technical analysis:
Hello everyone, welcome to this quick update:-
6th Consecutive Weekly Candle Closed Above the WMA50 ✅
So far Bulls Defending the WMA50 (30932) But If Weekly Candle Closed Below the WMA50, Next Stop would be 24k..
If Bitcoin Remains Above it, Bitcoin Might Bounce Back towards 60k (Previous HIGH)
❤️ If you find this helpful...
Death cross has never been a major factor for Bitcoin. There have been multiple occasions when BTCUSD has rallied strongly following a death cross. Being a lagging indicator, it's more useful in legacy markets where there isn't as much volatility. The most recent death cross was in March 2020. BTC surged 100% 2 months later and 1100% a year later.
Inverted H&S...
If you think Bitcoin had reached bottom, then you should look for wave 5 on daily TF.
All analysis is for educational purposes and not for actual trading.
In the early hours, the price fell off from the bullish trend, and moved toward $3700, failing to keep up the momentum. No sooner did it plunge to $37200, the price took a curve to surge from this point. Sticking to the current motion, Bitcoin might move up to $4000 and set a new high for the day, shortly. Failing to move further, the price may dip again near...
Bitcoin has made its peak at $60000. Will fall down to $38000-$40000 to look for a good support level in that area. Lets see if markets turn around after that, or the bears have arrived.
hello guys, today analysis is about BITCOIN.
this is not about the buy and sell signal, rather about the current chart analysis of bitcoin.
disclaimer: taking a position according to this analysis would be a financial risk. Hence please take your own analysis, and try to learn from this.
HI guys today I analyzed bitcoin for you
So as you can see Bitcoin broken its very important resistance on 60000$ I think the next target of bit coin is around 80000$ up to 85000$
Well if you have it keep it or not buy it
There is a high possibility of some Pullback/Retracement.
Looking at the chart - Technically in Bitcoin,
At every $10k, there's an Accumulation Phase ( i.e. anger & depression ), and at some point there's a breakout, which is followed by an uptrend till next $10k. It's close to another $10k at $50170, which should technically act as a Strong Resistance. It has...
