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I am officially Announcing the end of the Bull Run for 2024 Year from here onwards Bitcoin seems to go for the Downtrend with a Major Support Level $50,000.
We are currently in a similar situation which we have...
$BTC Told you $23,713 resistance held as expected, $22,379 also holding, another attempt at $22,379 support looks possible. 1D close with bearish pin bar yesterday, expect $21,791 support to be tested.
Wish you a very happy and a blessed weekend♥️
$BTC $23,713 broke and $24,129 resisted the climb as expected, $22,759 support being tested. 1D close from yesterday closed bearish with bearish pin bar, $21,791 support could come in effect. Continue watching given support and resistance area.
Fundamental Development: Satoshi Nakamoto left a large pair of shoes to fill after releasing the code for Bitcoin (BTC) to the world, helping to establish the network, then vanishing without so much as a trace. Over the years, the crypto ecosystem has seen many developers and protocol creators’ rise in stature to become crypto messiahs for faithful holders who...
Monthly chart: indicates that there has been a divergence in MACD and we can see the double top formation that was a wholistic overview, but the last three candles indicate that if the price broke below 32917 and closed below this it will complete as an inside bar which is bearish and on the downside
based on the Weekly chart 28850 is the support, whereas if...
If you see the pattern which is occurring for 3rd time. If it gives the same pattern then bitcoin can go up by 50% so the price will be around $80000 to $83000.
There is a fib golden pocket support on level of 53k to 51k market might take pullback till 52k as a healthy pull back is required for trend continuation next leg we can see till 85k -90k within 50 days after bounce back approax 47 days to reach new high , also market is playing in a rising channel and taking lower trendline support which is primary trend line.
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...
As stated in the previous article last week, if the resistance level $4200+ is not broken then we would hit the price around $3500 range.Hence it tested the $3478 price level after a drop of 15% this week.
Bullish Case:
It needs to hold the $3400-$3500 support level and break the $4200 level in the coming days to confirm bullish momentum otherwise we might see...
A new CME gap has formed around $67,630. Currently, there are two nearby gaps at $67,630 and $63,550.
It's worth noting that approximately 90% of CME gaps tend to be filled sooner or later, whether it's within a week or a month. Keep this in mind.
Regarding BTC, I anticipate it will touch the upper trendline of this symmetrical triangle or even surpass it, but...
