BTCUSD is in bearish pennant pattern in 1hrs TF. Considering the global cues we can expect further fall in BTCUSD till 54000 zone. Be cautious with trades.
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Bitcoin 30-minute chart.
There is no separate Nasdaq indicator announcement today.
After breaking out of the light blue support line, it falls...
Since the beginning of this rally,and me posting the chart of 70k the pattern forming now seems to be a terminal impulse of the 3 wave which will also mark the end of impulsive wave 3 and price is likely to fall to 61k to 57 k in coming days weeks or even months.
Since the overall trend is bullish the fall will be slower and corrective any which way you slice the...
BTC just broke the channel pattern in 15mins TF and again consolidating between 63600 & 63300 in channel pattern.
Break in either side can give a good move.
Resistance 64800
Support 61800
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Bitcoin 30-minute chart.
There is a Nasdaq index release tonight at 2:15.
According to recent Nasdaq variables and movements
Because the...
Bitcoin Update: Key Alert!
Quick Analysis:
As previously highlighted, #Bitcoin remains under pressure. Staying below $67,900 has shown us there’s limited upward potential, and now it's more evident with the recent rejection from $67,000. Bitcoin is currently trading below $62,000, signaling a strong bearish trend.
Current Status:
Bearish Outlook: Bitcoin's...
BTCUSD is trading near important support zone of 61800.
If it breaks the 61000 zone we can expect a further fall in BTC till 54000.
If its reversed from that zone we can expect a upward move till 65000.
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Bitcoin 30-minute chart.
There is an indicator announcement today at 9:30 on Nasdaq.
The beat has reached the gap retracement point at the...
BTC is near a crucial make or break zone. It should take a support at current levels otherwise can go back to 50K-51K zone. Then it may take few weeks to recover. It will become very short term bearish if current support breaks.
Keep geopolitics in mind, Greyscale is playing spoilsport's. It may be over in next 2-3 months.
It's showing a good falling due to the following reasons
1. First of all it's faceing a resistance from the upper marked trend
2. Second the deep confidence comes from the secondary neckline breaking on 15 min chat
3. Third confirmation comes from in days chat it's completely bearish
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It's showing a good falling due to the following...
