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BTC/USD trade in consolidation zoneHowdy Traders,
We can see that Bitcoin has been trading in a range for several days. This means that the buyer and seller are satisfied within this range. Bitcoin tried to break this range but failed and it was a fake breakout and many buyers were trapped in this breakout.
Looking at this fake breakout, I feel that the market may go down a bit.
Target: 30961, 30800, and more,
Thank You,
Money_Dictators
BTC/USD - weekly Analytics + Altcoins 25.07.2022At the moment bitcoin is in the correction phase to the momentum, which originated on July 13, 2022. It is a counter-trend movement, but according to our expectations it should not change it, the upward momentum will confirm this idea.
Altcoins:
Tron continues to be in a consolidation phase, which is positive for future growth, often after such consolidations strong impulse waves are formed, we still see prospects for growth in this coin.
BTC/USD - Weekly OverviewFor the past week, Bitcoin faced the wrath of bears as it slipped below the crucial psychological mark of $20K. It has registered a new 52-week low of around $17,500 on the charts. A figure that is not wished by anyone.
However, there has been a positive bounceback since then. We are witnessing a potential bullish crossover in the MACD which could possibly hint of more positive momentum ahead. The price level is also looking to develop sustainability above MA-10.
On the contrary, if we face profit booking momentum again, support levels can be placed at $20K and $18K. However, if the ongoing positive momentum is sustained, the world’s largest cryptocurrency can face resistance at $22K and $24K respectively.
BTC/USD Outlook in Weekly TF #cryptocurrency #nft #blockchainBitcoin price is struggling at a major trend line support which hasn't been broken in entire history.
If it breaks from here..we'll see a stright fall to 20k - 12k zone.
In the other hand if it bounces from here as earlier we'll see probably a new ATH.
Considering current market situation, i don't think it will go up this year,
Times are very decisive.