june 24th BTCUSD Bybit Bitcoin Chart Analysis
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for june 24th .
This is a 30 minute chart created yesterday.
Without much movement, the sideway move finished.
At the bottom,
without leaving...
Bitcoin is starting to push lower in early Wednesday trade after the buyers failed to gain traction above the $7,300 level earlier this week. A bearish head and shoulders pattern remains valid on the lower time frames while price trades below the $7,800 level. Overall, traders may use any pullbacks in price as a chance to short the BTCUSD pair, with the $6,600...
Bitcoin is under slight downside pressure in early week trade after being technically rejected just before the $8,000 resistance level. The BTCUSD pair was rejected from the top of a large falling wedge pattern on the daily time frame, currently located around the $7,800 level. Going, buyers need to maintain daily price closes above the $7,300 level to encourage...
Bitcoin has staged a strong bounce back from its recent dip under the $7,000 level, with bulls performing a solid breakout above the $7,400 level. Short-term technical analysis shows that a recovery above the $7,400 level could lead to a rally back towards the $8,000 level. Only a sustained decline below the recent swing-low, at $6,850 can negate the possibility...
Bitcoin remains vulnerable to further losses on Monday after the cryptocurrency failed to perform a strong rally away from the $7,000 level over the weekend. Going forward, a weekly close below the $6,650 level would be the next strong bearish signal. A daily price close back above the $8,000 level is now needed to confirm that a medium-term price floor has been...
Bitcoin has continued its double-digit weekly decline, with the number one cryptocurrency crashing back towards the $7,500 support level. Going forward, a break below the $7,220 level would be extremely bearish for the BTCUSD pair over the medium-term. BTCUSD buyers desperately need to rally the cryptocurrency back above the psychological $8,000 resistance...
Bitcoin is at risk of further losses on the digital currency market as the BTCUSD pair declines below the psychological $8,000 level. BTCUSD buyers need to rally price above the $8,550 level to secure the number one cryptocurrencies medium-term prospects. A sustained break under the $8,000 support level could see the BTCUSD pair falling towards the $7,500...
Bitcoin is attempting to move away from critical technical support as the recent bearish momentum in the cryptocurrency is starting to fade. The BTCUSD pair will need to rally towards the $9,800 level in order to confirm that a medium-term price floor has been established. Traders should note that a sustained loss of the $8,500 support level could lead to a strong...
Bitcoin is still under downside pressure on Thursday as buyers struggle to secure the cryptocurrency back above the $9,000 resistance level. A bullish daily price close above the $9,250 resistance level is needed to stabilize the BTCUSD pair in the short-term. Overall, the BTCUSD pair still has a strong chance of moving back towards its current monthly trading...
Bitcoin is attempting to recover in early week trade after the number one cryptocurrency came under heavy bearish pressure last Friday. BTCUSD bulls need to defend the $8,700 support level this week to avoid further loses towards the $8,400 technical region. Overall, traders that are bullish towards Bitcoin will attempt to force a recovery towards the $9,800...
Bitcoin has been frustrating traders this week as the number one cryptocurrency struggles to find a clear trending directional bias. Despite the lack of movement, the BTCUSD pair still retains its bullish short-term outlook while trading above the $8,900 support level. The $10,600 and $11,000 level remain the main bullish targets if the BTCUSD pair find strength...
Bitcoin is still struggling to break from its recent short-term trading range after buyers faced still resistance from the $9,400 level last week. Continued failure to move past the $9,400 level could prompt the BTCUSD pair to retrace back towards the $8,400 level. Overall, BTCUSD bulls can still rally the cryptocurrency towards the $11,000 level while price...
Bitcoin is trading around the $9,100 level after buyers failed to secure a bullish daily price closes above the $9,800 resistance level. Short-term BTCUSD buyers soon need to return or the pair risks a deeper decline back towards the $8,600 support level. Overall, the BTCUSD pair has the capacity to stage a powerful rally towards the $14,000 level while trading...
Bitcoin is trading around the $9,600 level is early week trading, after the first cryptocurrency staged a major double-digit rally over the weekend. The BTCUSD pair has a strong bullish bias while trading above the $9,100 level, although bulls need to move price above the $9,800 to secure further medium-term gains. Overall, the short and medium-term outlook for...
Bitcoin remains under heavy bearish price on Friday, as the number one cryptocurrency fails to attract buying interest from depressed trading levels. The BTCUSD pair could extend its decline towards the $6,600 level before short and medium-term buyers return. Overall, BTCUSD sellers are increasingly likely to fade any moves back towards the $8,000 resistance level...
