Liquidation again at USD 34,500 before bitcoin's astronomical increase would be a realistic approach. Liquidation of large amounts of long positions is required before this increase. I think this return will occur with a reverse SHS formation. It is necessary to see the big picture.
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**Technical Analysis Chart Description:**
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Since the beginning of 2023, the Bitcoin price has witnessed strong buying pressure and the price has surged by 270%. It recorded an all-time high of $73,808 on March 14, 2024, and underwent a correction phase.
The price has been defending the major support level of $61,000 from the beginning of March. In the first week of May, the asset price slipped below the...
There will be short rally followed by a big fall. BTC will make new high to get a new funds flow in at the top, making a perfect setup to big sell offs.
In the vast landscape of financial markets, Bitcoin stands as a beacon of innovation and volatility. Its journey from obscurity to mainstream recognition has been nothing short of remarkable, captivating the attention of investors, speculators, and analysts alike. Delving into the depths of its price action, we embark on an analysis that transcends the minutiae of...
Price will likely to reach 52 to 50 in one or two weeks.
Price already takes the buyside liquidity.
Last 3 to 4 days it's been dropping slowly with accumulating orders to short.
It's my prediction maybe it will not happen.
Learn to analysis by yourself is better for you.
Peace.
CRYPTOCAP:BTC Urgent Chart Update
- #Bitcoin Rejected from HH/TL.
- We Already Profit in BTC/USDT Short Positions
- $57000 Possible Scenario
Key Levels to Watch:
$64,000: Critical! Above this, a path to $100k opens.
$65,540: Ideal stop loss for short positions.
$57,000: Breaking $57k Mean #BTC could drop to $50k
Stay alert and manage your positions carefully!
A.O.A and Good Morning to All Brothers and Sisters!
Bitcoin Continue Downtrend for Retracement. Yesterday Candle Closed under First Reversal Point(Arrow#5). My Theory remain On same Point. P Wave(Arrow#3&6) is Still Valid. And I Wait Breakout of These Level to Know the Direction of Trend.
Yesterday Candle Is Closed Under The Level of Three days Movement. And If...
Yeah as per technical analysis it should come to 56k.
In my opinion it gives confirmation candle to go 56k.
Maybe it will reach there on Thursday or Friday ( economic data news) .
Learn to analysis by yourself.
Peace.
BTC/USDT Urgent Analysis
➡️ Current Situation:
BTC has faced rejection at a higher high (HH) and is testing the resistance trendline (TL).
➡️ Bearish Scenario:
There’s a possibility that BTC may retest the $57,000 range.
➡️ Key Levels to Watch:
- $64,500: Crucial level! Breaking above this indicates a bullish move towards $100K.
- $65,540: Place your stop loss...
Why "V" Shape Happened Last week in #Bitcoin ?
High Risk-to-Reward Reversal Trades
- Whales in Action: Big traders can manipulate the market to fill long positions. By driving prices down, they trigger stops/liquidations, then enter positions at favorable liquidity levels. Once the liquidity is absorbed, prices reverse upwards.
- Liquidation Levels: Massive...
The weekly close for BINANCE:BTCUSDT was very bullish, with March low and liquidation levels already taken.
There is strong buying interest below 60k, so we are anticipating a dump to FVG before a pump to 68k.
However, it is unlikely for Bitcoin to see a direct surge to a new ATH, instead, there could be a period of consolidation between 68k and 62k.
Epic Weekly Close for Bitcoin!
BTC is gearing up for a massive run
If BTC holds above $56,570, we could see an impressive rally soon!
Keep an eye on the charts as history suggests sustained breakouts lead to significant gains.
#BTC #Bitcoin #Crypto #CryptoAnalysis
