#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...
BITCOIN 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.
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Bitcoin Breaks today now Old All Time High $31,458 of 23 June and Crated New All Time High of $31,500 on 7 July on year 2023..
Lets see,
whats New markup or get reversal from there...
Always #DYOR & Trade Wisely
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#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.
Bitcoin is holding range of 23400-22400 a breakout is necessary for a big move from previous trend investors are expecting some big move in bitcoin upside direction so traders can play in a range by buying at whenever btc touches or support price.
DICLAIMER: THIS POST IS FOR EDUCATIONAL PURPOSES ONLY THIS IS NOT ANY RECOMENDATIONS TO ANYBODY FOR BUYING OR...
Bitcoin is trading at 22390 of zones. For the past few weeks 24450 seems to be a resistance and 18850 is a strong support. On a hour candle is forms a zone range of trading 20k to 23k . Volume is above average , candle tries to breaks resistance more than 2 time. Resistance zone will become weak and soon 24k would be broken. Then next resistance seem to be 30k.
Bitcoin market update: #Btc has formed a W pattern on the daily, meaning a chance of a reversal towards 26.6k should we break 22,800. The RSI also has formed a higher high, indicating a possible price momentum towards the upside.
Although price could go up from here, don't be fooled , that we are still extremely bearish on the daily and weekly and this move is...
Bitcoin after the rally from making the lows is under correction and I expect it to go slightly higher from current levels and give another drop below 20k levels which would complete the correction and then a rally higher from there which could take it for the targets of 23k to 25k. One more sharp correction is required to complete the pattern but it can also come...
Bitcoin market update: Btc currently is trading at 20.7k and is in our demand zone market out previously. This zone of 16.9k - 20.1k is major point of interest currently, considering it’s also the previous all time high from the rally of 2017-18. If bitcoin holds this level we could see a retracement towards the 61.8 fib level(27.3k) to 28.5k - 31.58k supply zone....
Bitcoin doing what it should do.
Getting ready for another rally from the bottom of the channel.
Immediate resistance is 50 SMA.
If this channel is maintained then we are all good.
