The month started with bearish sentiment and still prevailing as the world’s largest cryptocurrency is unable to maintain sustainability above the crucial psychological mark of $20K. Since the past month, the price level had a negative breakout from the rising channel pattern and currently possibly forming a falling wedge. Furthermore, it should be noted that...
The overall market conditions are falling into the bear trap towards the end of August. The past monthly performance of BTC suggests that the upcoming month of September is said to be bearish and the build-up is witnessed during the end of August. Pretty much similar happening in the current market scenario. Moreover, after a negative breakout from the rising...
The past weekly price performance of Bitcoin was witnessed within the rising channel pattern. The world’s largest cryptocurrency is moving within the bullish pattern since the previous month suggesting a strong build-up by the bulls However, during the past week, the price level regularly tested the lower base of the pattern suggesting profit booking momentum...
As previously suggested by our team of analysts, Bitcoin is moving within the rising channel pattern marking higher highs and higher lows. The pattern also represents positive sentiment present in the overall market conditions. Considering moving averages, MA-50 is showcasing a positive trend on that chart and had provided support to the price level on multiple...
During the past week, BTC had developed a strong support base of around $19K besides being traded below the crucial psychological mark of $20K on multiple occasions. The weekly high was registered at around $22.5K testing the resistance present at 0.236FIB level. With the recorded CMP at $20,560, MA-10 is looking at the potential to have a positive crossover...
For the past week, Bitcoin is attempting to create sustainability above the psychological crucial mark of $20K. Additionally, after a positive crossover of MA-7 against MA-20, we haven’t witnessed any sharp downfall on the chart. However, the price level still remains below MA-50 which suggests that there is still a bearish sentiment in the overall market...
The world’s largest cryptocurrency has again fallen in the hands of bears as BTC has slipped below the crucial support levels of $28K, $26K, and $24K respectively. The magnitude of downfall is around -15% on the 24H-timeframe. The primary reason behind the sharp downfall is said to be a global selloff fueled by the fear of inflation, the prospect of recessions in...
After facing bearish momentum for the past couple of months, BTC is finally able to sustain above the crucial mark of $30K. Although the magnitude of the upside has been negligible since the start of June, sustainability might definitely provide a breather for altcoins too. BTC price level is trading above both MA-10 & MA-25 which can be a positive signal....
The world’s largest cryptocurrency is been trading between the crucial price zone of $28K to $32K for the past week. It can be considered that BTC is forming a consolidation range on lower levels at regular intervals amid bear market sentiment. The previous consolidation range formulated from $38K to $42K which lasted for almost a month. On the Fibonacci...
The bears continued their wrath on BTC and the overall market conditions during the past week. Bitcoin fell below the crucial support levels of $37K and $34K in no time during the past week, reflecting extreme bearish sentiment. The price level has again formed a falling channel pattern after facing strong resistance at the 0.5FIB level. A negative breakout...
The bearish sentiment has again caught up with the overall market conditions from the past week. On the weekly basis, the price level has fallen by -1.27% while the monthly loss has amounted to -7.57% at the time of recording. On the Fibonacci retracement table, BTC faced formidable resistance at the 0.382FIB level which is placed at $47413.42, and faced a...
On the 1D-candlestick timeframe, BTC continues to face resistance at $47.3K. On the Fibonacci retracement level, the resistance is placed at the 0.382FIB level. The price level hints for a possible consolidation range looking to form between $44K to $48K. A breakout from the upper range of $48K can be positive signal for hitting the potential target placed at...
This is a weekly chart analysis of BTC. Yesterday in a sudden crash, BTC has broken the support trendline. But the confirmation for the downtrend will be the price breaking below the 41k level. Until it breaks below the 41k, BTC may be in consolidation. If the price manages to bounce off the 41k mark after reaching it for support, add quantity in a long...
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$BTC|USDT Once Again, BTC Got Rejected From TrendLine Resistance At 38500$ (approx.) Also Breaking Down The Support Level At 36500$ (approx.) Flipping It Back To Resistance, Approaching Towards Next Support i.e., 34500$.... If 34500$ Support Didn't Hold Then , We Likely To See a Free Fall Towards Liquidity Raid📉With A Possible Long Wick....
The monthly end is nearing and everyone knows April being BULLISH for BTC revives the BULL inside every CRYPTONIANS . So unless some BLACK SWAN happens, BTC will surely go up soon. Hence, 3 scenarios which can play out (IMO) are indicated in the chart. Let's see how it goes. For educational purposes only (DYOR). COINBASE:BTCUSD
BTC/USD, if the price gives a pullback to 56311.5, take a buy with stop loss at 55137.0, Tp at 59272, Risk to reward:- 1:2.53
Bitcoin's recent leg higher from $30K to $48K is accompanied by falling volumes (falling trendline on volume chart) on Coinbase, which is considered synonymous with institutions and high net worth individuals/entities. As such, it looks to be a leverage-driven rally, which makes BTC vulnerable to overheating of funding rates (cost of holding longs). Unless...