Bitcoin Technical Analysis - Bitcoin is trying to take some support from the zone of 67,000$
- Bitcoin on a Daily TF looks different its trying to consolidate and find a support that can stop its further drawdown
- The market from a technical perspective isn't portraying much bearish/bullish bias
- One catalyst can bring down/up prices more
- If you are looking for entries then I would highly recommend to wait for the weekends when you see prices filling back imbalances
- 63,000-65,000$ WILL BE A VERY GOOD ZONE TO ACCUMULATE ALT/ETH/BTC
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Bitcoin Analysis: Path to Resistance Breakdowns Across Multiple Bitcoin Analysis: Path to Resistance Breakdowns Across Multiple Timeframes
Abstract:
Bitcoin (BTC) continues its price journey, displaying resilience as it approaches key resistance levels on various timeframes. This analysis revisits BTC's recent movements, highlighting its confirmation of support and subsequent challenges at critical resistance points. Insights are provided for potential scenarios upon breaching these resistance levels.
Introduction:
BTC's recent price dynamics have attracted significant attention among traders and investors. Building upon previous analysis, this report examines BTC's current state, emphasizing the confirmation of support and the potential scenarios upon approaching and surpassing notable resistance levels.
Analysis:
4-Hour Timeframe:
BTC successfully confirmed support around $59,980 and has shown a bullish trajectory towards the $59,980 resistance level. A break above this resistance could signify further upward momentum, potentially setting the stage for challenging higher resistance barriers.
Daily Timeframe:
Upon breaching the $59,980 resistance, BTC faces a significant hurdle at $63,398 on the daily timeframe. This level has historically acted as a formidable resistance, often leading to price retracements or consolidations. Traders should closely monitor BTC's price action for signs of strength or weakness around this critical level.
Weekly Timeframe:
On a broader scale, BTC encounters a substantial resistance zone around $65,632 on the weekly timeframe. This level represents a culmination of long-term trends and market sentiments, making it a pivotal point for BTC's price trajectory. A successful breakout above this resistance could signal a bullish trend continuation, while failure to do so might invite prolonged consolidation or corrective moves.
Conclusion:
Bitcoin's price analysis reveals an intriguing setup across multiple timeframes, with emphasis on key support and resistance levels. Traders should remain vigilant as BTC approaches critical resistance barriers at $59,980, $63,398, and $65,632. Breakouts above these levels could pave the way for further upside potential, whereas failure to breach them might lead to consolidation or retracement. As always, risk management and strategic decision-making are paramount in navigating the dynamic cryptocurrency markets.
BITCOIN PRICE PREDICTION ( WILL TOUCH $50000 )* Bitcoin's current price: $43,350
* Weekly gain for holders: 15.25%
* Recent bear market toughness below the 200-week Moving Average
* Optimism: 50-week Moving Average expected to cross above the 200-week in a "golden cross"
soon
* Monthly gain for Bitcoin holders: 23%
* Weekly gain: 15%
* Projections: Targeting $50,000 by the third week of December
* Analysis notes the addition of $30 million in Bitcoin spot bids
Confidence in further price appreciation indicated
* Regardless of a potential dip to $42,000, the analyst believes Bitcoin is on track to reach
$50,000.
Bitcoin Trade SetupBitcoin has currently pierced all the supplies
- Bitcoin can get rejected from 43k soon or might go sideways
- If you are worried about Alts not pumping then the money is currently flowing more into BTC
- BTC dominance clearly depicts that, expect some more Btc money inflow
- BTC dominance chart idea has been posted once it gets rejected we can expect a huge move in alts very soon
- Keep your partial alts bag ready do not add massive size here
BITCOIN towards $40k#Bitcoin hourly Chart Analysis
MIL:BTC has been moving on #WedgePattern since last one week, after break-out New All Time High of 2023 on 24 Nov. at $38k for the first time.
#BTC now completed the previous pattern on #BroadeningWedge Pattern and Retested again $38k for the second time on 29 Nov. and now started movement on #FallingWedge Pattern.
Which is clearly showing that soon the next target will break out of $38k and go towards $40k, from where its next movement will be to break out in December soon, after $40k-45k markup of 2023 with All Time High markup with a HYIP of Pumping and after Dumping probably Towards $35k - 33k..!
Always #DYOR and Trade with #StopLoss, Its just #NFA
Bitcoin Dominance Chart Setup Bitcoin Dominance is very useful in helping us understand where the money is flowing
: BTC Dom is currently trading in an uptrend move.
: BTC dom might follow the path I have created which might later result in a massive alts rally
: Btc Dom as of now shows some relief in ALTS can be seen and money after a decent Btc correction can flow back to BTC
: Closely monitor this and USDT dominance or even DXY works
: Nas, DJI, SPX, and gold have been outperforming try to understand the global markets as well.
: If the FED starts to cut rates then it will be very bullish for Crypto
Bitcoin Price Prediction 2025Bitcoin (BTC)
Price: $37,829.17 USD
Price: 18.15 ETH
1hr Change: 0.17%
24hr Change: 1.14%
7d Change: 4.02%
Volume: $22,694,872,312.93
Market Cap: $739,648,195,822.46
Circulating Supply: 19,552,325.00
Total Supply: 19,552,325.00
The price of Bitcoin is $37,758. It has a 24-hour trading volume of $77.41 billion, a market capitalization of $738.25 billion, and holds 50.91% of the market dominance. Over the last 24 hours, Bitcoin’s price has increased by 1.06%.
Bitcoin’s highest value was on November 10, 2021, when it reached $68,770. Its lowest-ever price was on July 17, 2010, at just $0.05. Since its all-time high, the lowest it has fallen to is $15,599, while the highest it has reached after that low point was $38,407.
Currently, the market sentiment towards Bitcoin is bullish, and the Fear & Greed Index indicates a score of 73, suggesting ‘Greed’.
BITCOIN Last Time Breakout Divergence#BITCOIN 1hr. Chart Analysis
As per present scenario, after reached out $35.9k in last week, CRYPTOCAP:BTC lower support already one of the previous one is $33.3k that was never broke down in previous times to much easily as well not this time too, but its also never break-out $35.2k mark very easy soon and previously many times too.
So, its the exact scenario here again in October month end arrival soon, either it breaks their resistance of $35.2k this time, but if rejects from their then may be other chances to try-out for lower-low support of $33.3k again final time too...
Lets, see whats the market and whalers mood of October month end, Just wait n watch
but, always #DYOR before invessting in Crypto and Trade wisely by using #StopLoss.
Also, Follow Me and Share it, Comment it and Like IT....
Bitcoin Trade Setup Bitcoin pierced through all the highs.
- I think the volume of the pump was quite strong.
- 10% JUMP in BTC clearing all the supply looks very interesting
- Alts to watch out for are the current outperformers, FTM, LINK, INJ, APT.
- BTC is at a crucial level let a weekly candle close above 33k, before adding any size.
- Do not FOMO in.
Bitcoin moving towards Breakout#BITCOIN 2-hr. Chart Analysis
As per present MIL:BTC movements, it will be stucked between $26.9k to $26.5k , if it will be moving into this scale up to 2-3 up-down cycles, then major chances to break-out $26k mark soon with in next 48 hrs.
MIL:BTC already moving under #Bearish Flag in daily chart analysis, that's i previously posted, so as per that scenario too, its next divergence towards FWB:25K first then it will break-out FWB:23K -22k...
Anyway, #DYOR and Trade wisely by using #StopLoss in Crypto, It's just #NFA
and,
Must Share, Like, Comment and Follow it...
Bitcoin at Bearish Divergence#BITCOIN 1-day Chart Analysis
As per present CRYPTOCAP:BTC movements under FWB:27K -$28k range, it's unable to break out $28.5k due to very lower volume into market and manipulators trying to do some Pump-Dumps in Market but its very much chances to breakout into another divergence towards $24k soon in #BearishZone.
Anyway, lets see, where it will be move next,
but, Always Trade with using of #StopLoss and #DYOR, its just #NFA
and.
Must Share. Like, Comment on it...
BITCOIN - Again in #BullTrap#Bitcoin Weekly Analysis
As per weekly movements into CRYPTOCAP:BTC into USDT pair Chart Analysis, It's again into #BullTrap with highly Pumped at October Start-up while America goes into Shut-Down to their services as per financial crises and Recession.
This Trap is 100% #Pumptoober,
B'coz, as per chart, Buying pressure starts from 1st week of January and Selling pressure starts from 1st week of August (As mentioned in Chart), after that Not any Buying cycle with market Volume arrived yet, so market is still under the #BearishZone pressure, and whaler's are trying to manipulate the market by creating Pump-Dump as in BullTrap.
As per my analysis, very much chances for market to goes into Bearish Zone within next 25-35 days and favourable chance to reach out its final Lower-Low target from $23.5k-$19.5k around in coming 30-40 days up to Nov. end, after that market starts in #BullishZone.
Anyway,
Always #DYOR and Trade wisely by using #StopLoss, its just #NFA
and,
Must LIKE, FOLLOW, SHARE & COMMENT on it...
BITCOIN goes Bearish after Death Cross#BITCOIN Daily Chart Analysis
As per daily chart pattern, estimated #DeathCross will be happening up to 12-15 September and if it will be happening then Market goes in Deep #BearishZone for next 70-100 days and Bullish Trend starts late around 15-25 Nov. 2023.
A "death cross" occurs when the 50-day moving average (50MA) crosses under the 200-day moving average (200MA). It's always a bearish sign, that indicating that the market may be heading toward a longer-term of downtrend or bear market.
Always #DYOR before investing in Crypto-Currency in this Volatile situation, and Trade wisely by using #StopLoss.... It's a #NFA.
and,
Must LIKE, SHARE, FOLLOW & COMMENT on it...
BITCOIN - Ready to move in Bearish Zone#BITCOIN 4hr. Chart Analysis
At Present from last 20 days, CRYPTOCAP:BTC moving into Ascending Broadening Wedge Pattern.
Ascending broadening wedge is one such formation, where its signal manifestation of the ascending wedge pattern in an uptrend, the asset price trend reverses downtrend. Hence, it is a bearish reversal pattern. An ascending broadening formation forms an inverted triangle shape in the price chart.
So that, remember the CRYPTOCAP:BTC historical chart pattern of September always into Bearish trends. Now it's moving towards $22k to break-out one of its strong support of $23.8k soon, may be some chances to take a mini reversal, but it will be not sustainable for long and break-out soon towards 2nd last #Bearish reversal cut-off point at $21.5k-$19.5k soon.
Here, Market Sentiments towards Bearish Zone as well Whaler's are also ready for that too.
So, trade wisely with #StopLoss at this situation of Volatility into market, and always #DYOR, It's #NFA
and, Must SHARE, LIKE, COMMENT on it..
#BITCOIN - Still under #BearishZone#BITCOIN 1-Day Chart Analysis
As per daily signals into yearly chart pattern, CRYPTOCAP:BTC moving under Ascending Broadening Wedge pattern from January 2023 to at present and still to be continue....
As per pattern, BTC moving into final downtrend cycle of #CorrectionWave and as per pattern, its final Lower-Low point will be approx. $22.225 and last lowest cut-off point will be $19.5k, if market goes more Bearish.
As per historic chart of last 11 years in Trading of BTC, September month was always under #BearishZone and their will be major chances for this year too,,,,
Lets, see...
What's the next market Sentiments...
Anyway,
Always Trade wisely by using #StopLoss and #DYOR, It's #NFA
&
Must FOLLOW, LIKE, SHARE & COMMENT on it...
BITCOIN still under #BearishZone#BITCOIN 1-Day Chart Analysis-
As per CRYPTOCAP:BTC daily chart, Yearly Cycles running into Ascending Broadening Wedge pattern, then its final wave is nearby touched their support level and soon break-out up to $22.5k to $19.5k to complete its Bearish Zone cycle up to 5/7 sept., while monthly cycles moving under Descending Broadening Wedge Pattern, and as per that after the current downtrend completing, its upper Bullish divergence starts soon from mid of Nov. 2023.
At present, market is under volatile situation and Bears & Bulls both ready for their move, and Whaler's are also find the easy gap of 6k-7k for big Pumps & Dumps on this situation. So, as per that chart pattern will be change too, but majority of chances of Bitcoin moves as per given pattern.
Always #DYOR and Trade with #StopLoss, It's #NFA
&
Must SHARE, LIKE & COMMENTS ON IT....
Bitcoin Will Breakout $29k SoonBITCOIN 2 hr. Chart Analysis
As per present movements of CRYPTOCAP:BTC under $31.5k to $29.5k from 14 July, it will be major chances to break out this pattern into another lower barrier of FWB:29K soon and goes towards $28k up to 25-29 July as per previously given dates by myself too for another Downtrend cycle of BTC range of FWB:27K to $25k.
CRYPTOCAP:BTC also following the pattern of Bearish Parallel Channel Pattern, that's why it will be major chances to break out of this pattern, either into 25-27 July or up to 27-29 July.
Lets see, what's the next movement, and how much it goes deep in bearish mode, but market scenario and public sentiments will be again very much under Bearish mode.
Always #DYOR and Trade wisely by using #StopLoss, It's #NFA
Also,
LIKE, SHARE & COMMENTS on it...
BITCOIN moves at Elliot Impulsive Wave#Bitcoin Daily based chart movement as per #Elliott #ImpulsiveWave & #CorrectionWave Pattern, whereas their price up-down zone as per #FIBretracement is Highest Point at FWB:31K & Lowest Point of $15.5k up-to 27 June 2023 max.
All Analytical views, dates and zone displays in chart, as well as #DYOR too.