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Bitcoin Falls Near 64K: Analyzing BTC Trajectory For Next Week?Bitcoin Falls Near 64K: Analyzing BTC Trajectory For Next Week? Bitcoin price seemed to be stabilizing near $64,000 after falling from $67,000 this week. Bitcoin lost nearly 3% of its value this week shifting the view from bullish to neutral. Bitcoin seemed to be struggling to gain ground this week as the price slipped towards the $64,000 after the breakdown of a support near the $67,000. At the time of writing, the BTC price was hovering close to $64,310 recording a moderate 0.23% rise in Intraday. Moreover, the breakdown below the recent support of $67,000 has dragged the price from a bullish to sideways trajectory. Further drawdown could add on the risk of falling towards the $60,000 demand zone. Also, the Social metrics has been on a continuous drop in the recent sessions indicating the waning interest of the Investors and community members. Let's delve deeper and forecast Bitcoin's potential path for the upcoming week BTC Social Dominance And Social Volume Drops while the Bitcoin price has been in a slightly declining trend this week after the breakdown of the recent support. Moreover, the social sentiment curve has also drawn parallelly to the price. The social metrics like social volume and social dominance curve seems to be declining since April indicating the waning interest of the investors and community members. Moreover, the volume analysis showcases that the volume inflow had dropped by 40% a day and was $15.570 at the time of writing. Bitcoin is the market leader in the cryptoverse with a live market capitalization of $1.26 Trillion and 54.2% dominance. What's In For Next Week: 60K or 67K? Though the recent selling pressure seems to be low as several indecisive candlesticks may be observed in the recent sessions. However, the absence of buyers at the lower levels point towards a possible risk of price crash towards the $60 K mark. Now, if the bulls are able to make a comeback near the GETTEX:64K and the price rebounds, it may indicate the termination of a correction phase. The bulls may reclaim their territory above the $67K. Conversely, if the price fails to gain traction and breaks below the GETTEX:64K it may indicate a continued correction phase and the bears may look to test the $60K level. Conclusion. This week, Bitcoin price wavered, descending towards $64,000 after losing support at $67,000. At the time of writing BTC price was trading close to $64,310, with a slight 0.23% intraday increase. The fall below $67,000 has altered its trajectory from bullish to sideways, and a further drop risks reaching the $60,000 zone. The selling pressure seemed to be moderate as several indecisive candlesticks were observed on the daily chart. Despite low selling pressure, the lack of buyers suggests a potential decline towards $60,000. Now, if bulls establish their presence near GETTEX:64K , it could end the correction phase and push past $67K. Otherwise, a break below GETTEX:64K may prolong the correction, with a possible test of the $60K level by bears. Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. Keyword: Bitcoin Meta: Bitcoin price seemed to be stabilizing near $64,000 after falling from $67,000 this week.
BINANCE:BTCUSDShort
by Ritika_TCR
Bitcoin Bybit chart analysis June 19Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. There is no Nasdaq indicator announcement. Yesterday, after touching the center line of the Bollinger Band weekly chart, Creating an upward trend in a pattern Bollinger Band 1-hour chart resistance line has been touched. Yesterday's rebound in section 2 is judged to be meaningful, From the current location, there is a vertical decline in the case of tether dominance. Considering the possibility, I think I'll miss the entry point. I came up with a catch-up buying strategy. Purple finger at bottom left $64,580 is the same as section 2 that we entered yesterday. Strategy connected. *Red finger movement path Long position strategy 1. Chase buy at $65,167 / Stop loss when the purple support line is broken 2. Long position target of $67051.5 3. $66624.5 additional long position entry area / stop loss when breaking out of the purple support line Yesterday, a short position was operated separately. If today's strategy is successful, there is a possibility that the correction will not be strong. This is a section where you can't have much fun with a short position. In case of tether dominance, Bollinger Bands continue to rebound on the 4-hour and 6-hour charts. Today, there is a possibility that the central line will be strongly breached within 12 hours. It appears that it would be advantageous to operate mainly on long positions. According to the Ichimoku Balance Sheet, only the 30-minute chart is positive. If it breaks away from the purple support line, it can become a dangerous position. I set a stop loss at the entry point. Although the possibility is not high, there is a possibility of a vertical rise in Nasdaq as well. Section 1 at the bottom is expected to be a sideways trend sloping upward to the right. The part where you can't feel reassured by touching the central line of the Bollinger Band weekly chart From the bottom, it's enough until 9 o'clock next Sunday There is a possibility of retouching, so be careful. Please note that my analysis up to this point is merely for reference and use. I hope you operate safely with principled trading and stop loss required. thank you
BYBIT:BTCUSD.PLong
by BitCoinGuide
Bitcoin - Classic Flat-Screaming for 72000 Target Upside Elliott Wave Flat Sequence with Wave C Ending Diagonal In Elliott Wave Theory, a flat sequence typically consists of three waves: A, B, and C. The pattern is generally labeled 3-3-5, indicating the wave structures. Wave A: A corrective three-wave move. Wave B: Another three-wave corrective move, often retracing Wave A by 90% or more. Wave C: A five-wave move, which can unfold as an ending diagonal. An ending diagonal in Wave C indicates a slowing momentum, often signaling a reversal. The ending diagonal structure usually forms a wedge pattern, tapering towards the end. This setup is crucial for identifying potential turning points in the market. Buying Trigger Above 66457 Target 71993 From WaveTalks Abhishek
CRYPTO:BTCUSDLong
by WaveTalks
BITCOIN SETUP TRADE WIH 1:4 RISK REWARDBITCOIN SETUP TRADE WIH 1:4 RISK REWARD A good Buying detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram BITCOIN SETUP TRADE WIH 1:4 RISK REWARD A good Buying detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram
CRYPTO:BTCUSDLong
by tradergyan01
2
Bitcoin Ready For $28,000 As per SMC Chart AnalysisBITCOIN Urgent Weekly Chart Update Weekly Chart Analysis: Order Block (OB) 1: $42,000 - $38,000 First Fair Value Gap (FVG): $47,557 Order Block (OB) 2: $28,000 - $26,400 Second FVG: $33,802 Potential Scenarios: We could see a fill of the first OB and FVG before a new upward rally. Both FVG and OB are in the discount zone, increasing the likelihood of hitting the second OB and FVG around $33,000 - $30,000. Spot Entry Levels: Entry 1: $47,600 - $41,600 Entry 2: $33,900 - $27,000 Targets: $100,000 / $150,000 / $180,000 This might sound speculative, but there is a high chance of sweeping liquidity at these levels before a bullish rally. Reminder: My eyes are open for discount zone entries. I could be wrong, so always do your own research before investing. This is not financial advice. Stay alert and trade wisely.
OANDA:BTCUSDShort
by CryptoPatel
BITCOIN HEADED TO 50K ? - CRASH SOON ?Symbol - BTCUSD CMP 60700 Bitcoin is testing the previous major liquidity area which is around 59300 - 61000. Earlier it was consolidating around 65K levels & was trading in a range. Now it is witnessing a huge profit booking and declining sharply towards the liquidity area. A retracement towards 62000 - 62500 is likely. In any case, If it is breaking 59000 level and sustaining below it then it may directly head to 50-51K which is next major support. A double top pattern is visible on larger time frame. Breakdown of this pattern will lead to trend change/reversal. Hence breakdown of the neckline & sustaining below it will activate this double top pattern & then it will definitely test 51K level & then may touch 45K levels too. P.S. : I'm actively tracking BTCUSD to make long positions around this liquidity zone to play a retracement & then I'll be looking to short around 62K levels with small SL & will add more position on breakdown of liquidity zone/neckline.
OANDA:BTCUSDShort
by akshit_official
BITCOIN SETUP TRADE WIH 1:4 RISK REWARDBITCOIN SETUP TRADE WIH 1:4 RISK REWARD A good Buying detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram BITCOIN SETUP TRADE WIH 1:4 RISK REWARD A good Buying detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram
CRYPTO:BTCUSDLong
by tradergyan01
The bearish perspective is further supportedBitcoin's price trajectory has recently taken a downward turn, by breaching the key support levels and forming a rising wedge pattern. This bearish pattern emerged as the price stabilized at the higher levels, which followed a period of steady gains. However, the latest market structure shows a clear breakdown from the wedge in 4-H TF, marked by a series of strong bearish candles and the formation of a new lower low structure, which is hinting towards the change in the investors sentiment towards the pessimism. This pattern suggests an increased probability of further declines in Bitcoin's price in the coming sessions, this signaling that investors might brace for the possibility of a continued downtrend in the near future. On the technical front, the 50-day and 200-day Exponential Moving Averages's on the 4-hour chart of Bitcoin have exhibited a golden crossover, which is generally considered a bullish indicator. Despite this, the price of Bitcoin has fallen beneath the 200-day EMA, which is a sign that the bullish trend is waning. The bearish perspective is further supported by the Moving Average Convergence Divergence indicator, which has presented a new sell signal following a bearish crossover with its signal line, with both lines trending downwards. Moreover, the RSI is showing a decrease in bullish momentum and a rise in bearish pressure, with a current reading of 41.44. This highlights oversold market conditions, which is corroborated by the RSI's descent below the 14-day Simple Moving Average.
BITSTAMP:BTCUSDShort
by Sam_TCR
Bitcoin Bybit chart analysis June 20Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. There are two Nasdaq index announcements at 9:30 tonight. from the bottom left If you look at the purple fingers 64.5K long on the 18th -> 65.1K chase long on the 19th And today is the red finger chase buying strategy. *Red finger movement path One-way long position strategy 1. $65,766 long position entry zone / stop loss when breaking out of the green support line 2. $67051.5 long position 1st target -> Top 2nd target -> Good 3rd target There is no short position operation today. A vertical decline is underway in Tether dominance. When the 12-hour chart MACD dead cross engraving is completed It's a strategy Sections 1 and 2 at the bottom are rebound sections. Please note that the further down you go, the more likely it is to move sideways. Maybe it's because the day is hot Creating an entry point every day It seems like it's getting more difficult again. This is what I continued to explain as I went sideways this week. Today I will go very simply without further explanation. Don't forget to follow principle trading and stop loss. I hope you operate safely. thank you
BYBIT:BTCUSD.PLong
by BitCoinGuide
BITCOIN SETUP TRADE WIH 1:5 RISK REWARDBITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good Buying detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram BITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good Buying detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram
CRYPTO:BTCUSDLong
by tradergyan01
Bitcoin Bybit chart analysis June 25Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. There is a Nasdaq indicator announcement at 11pm tonight. If you look at the purple finger at the bottom, This was the final long position entry section expected this week. Purple Finger 58232 is on the rebound after being touched. As the vertical decline occurred yesterday, the position was pushed back a little more. There is no rebound this week If you cannot break through the pink, orange, or red resistance lines at the top Please be careful as it may be pushed up to the bottom section of 56.8K. I almost ignored the Nasdaq movement today. 58.2K long position entry zone expected this week Bitcoin 4+6+12 Golden Cross (Opposite of Tether Dominance) Gap reversal light at the top We have a catch-up buying strategy. Also, recently, NASDAQ non-coupling etc. It was a hot day and I wasn't feeling well, so I had a hard time concentrating. If it breaks out of the green support line today I will take a break from the analysis tomorrow. *Red finger movement path Long position strategy 1. $61,169 long position entry zone / stop loss when breaking out of the green support line 2. $64,202 Long Position Primary Target -> Top Secondary Target The section marked number 1 at the top is an upward and sideways movement. Section 2 is an upward traverse or extremely lateral traverse. Due to the pattern, it is best not to touch it. Section 3 is a lateral crossing to the right, There is a possibility of further decline to $56866.5 after tomorrow. Please keep in mind that my analysis up to this point is merely for reference. I hope you operate safely with principled trading and stop loss required. thank you
BYBIT:BTCUSD.PLong
by BitCoinGuide
Bitcoin Bybit chart analysis June 24Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. There are no Nasdaq index announcements. At the bottom, Gap6 showed no retracement with a difference of 5 dollars. At the current location on Nasdaq Conditions for an immediate rebound, possibility of an upward trend In the case of Tether dominance, the short-term pattern was broken. This is a place where patterns and signals are too confusing, so I'll keep it simple. There was no retracement of Gap 6 As I explained in the afternoon, the 61.3K rebound section was the spot I was aiming for. After the touch, I will continue with the long position strategy. *Red finger movement path Long, long position strategy 1. $61083 long position entry area / stop loss when breaking out of the green support line 2. Primary target of long position at $63,244 -> Re-entry long position at $62,494.5 Stop loss when the purple support line breaks 3. $64364.5 long position secondary target Please note that my analysis is merely for reference. I hope you operate safely with principled trading and stop loss required. thank you
BYBIT:BTCUSD.PLong
by BitCoinGuide
Bitcoin Bybit chart analysis June 21Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. There is a Nasdaq indicator announcement at 11pm tonight. $63,734 that I left a comment in the afternoon Bollinger Band weekly chart center line retouch has been carried out. I have been coupling with Nasdaq since yesterday. The fortunate part of misfortune is The fact that Tether dominance did not break the previous high point yesterday This is where the short-term pattern is broken. Overall, Nasdaq movements may be the most important, but We created an aggressive strategy without losing momentum. *Sky blue finger movement path Long -> Long re-entry strategy. 1. $63,726 long position entry zone / stop loss when breaking out of the green support line 2. After liquidation of $65367.5 long position Re-enter long position at $64941.5 / Stop loss when breaking out of the purple support line Target in order from Top -> Good -> Great section. in the evening waves In section 1 marked near the green support line You can check the floor. From the bottom to the bottom You may be pushed back up to section 2, so be careful. The orange resistance line at the top is a short-term downward trend line. Pay attention to Nasdaq variables in real time. Thank you for your hard work this week too. Please operate safely with principled trading and stop loss required. thank you
BYBIT:BTCUSD.PLong
by BitCoinGuide
Bitcoin Bybit chart analysis June 18Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. There are two indicator announcements at 9:30 tonight. I really thought a lot about it before the final match. It is a place with many branching points. Bottom section that anyone can see at the bottom It is comfortable to just keep your mouth open at the center line of the Bollinger Band weekly chart. However, from experience, you will never be taken to such a position, right? I squeezed it today too. I've displayed the variables as much as possible, but I'm not sure if it will be conveyed well. On the left is yesterday's final bottom section. Purple Finger: Even those who are maintaining a long position of $65,234 Let’s connect the strategies together. Once you have analyzed it, you must take responsibility until the end without changing your perspective. *Sky blue finger movement path Two-way neutral Long -> Short switching strategy 1. $65089.5 long position entry zone / stop loss when breaking out of the green support line 2. Short position switching at $67604.5 / Stop loss when the orange resistance line is broken The movement within section 1 at the top and section 2 at the bottom is sideways. I do not want to recommend it to the green support line. It becomes a double bottom section, In the event of a breakout, the price may fall to the bottom. If you take a detour today and fall slowly without touching the bottom, Additional support lines are indicated at the bottom. Please refer to it MACD death cross pressure is in progress on the 4-hour chart and 6-hour chart. I thought a lot about whether to ignore it or not. It is a problem if you touch section 1 immediately without touching the long entrance section. Stay long at 65K (check the shape of the support line) If the rebound fails, it can be the best entry point for short position. It can be directly connected to Bottom at the bottom. If we ignore it and move sideways instead of coming down, there is a possibility that it will break through to 67.6K. MACD deadcrosses on the 4-hour and 6-hour charts after 9 p.m. It is important to shoot upward after engraving. It's harder to explain When reaching the short position entry area of ​​$67604.5 at the top We will remain short and connect the strategy tomorrow. Please note that my analysis up to this point is merely for reference and use. I hope you operate safely with principled trading and stop loss required. thank you
BYBIT:BTCUSD.P
by BitCoinGuide
BPI For Bitcoin Gains Momentum, But The BTC Price Fails To Take Bitcoin has a market cap of $1.3 trillion and is currently 1st in the cryptoverse. Bitcoin’s 93.87% of the total BTC supply is currently circulating in the market. BTC is currently trading near the value of $66238 with a loss of 0.89% in the past 24 hours and 4.54% loss in the past seven days. BTC is currently forming weak bearish candles on the daily chart. It is trading below the 50 and 100 EMA. The upside trend of BTC price can see a halt near the value of $70k while the support for the price can be seen near $65k. The RSI of BTC is currently near 43 suggesting its presence in the neutral zone. The overall sentiment of the RSI is bearish in nature.
BITFINEX:BTCUSD
by Ritika_TCR
Bitcoin price loses correlation with the stock market On 17 MayOn 17 May, Bloomberg that the price of Bitcoin is at a high level of correlation with the shares of technology companies. At the time, it was suggested that the main cryptocurrency was perceived as a growth asset, fuelled by: → the launch of Bitcoin ETFs; → expectation of Fed rate cuts. But here was yesterday's Fed meeting, where the intention to cut the rate 1 or 2 (if inflation slows down more actively) times before the end of the year was announced. And with that, the Nasdaq 100 index of tech stocks rose to an all-time record of over 19,500 points. Bitcoin's price, on the other hand, is acting less confidently. As the BTC/USD chart shows: → amid yesterday's news of declining inflation, the Bitcoin exchange rate jumped about 3% in 2 hours; → and today the price has returned to the levels before the news was released. What's more - it's gone lower. This is a bearish sign. According to a technical analysis of the Bitcoin to US dollar chart: → the price has been oscillating for a long time along the median of the expanding fan, which originates back in November 2023; → each time the price deviated from the rising median, it returned to it (as indicated by the arrows) - thus showing that the consensus of market participants regarding the bullish outlook was stable. Now the situation is changing: → having deviated down from the median, the price is having trouble getting back up (as shown by today's decline under the start of yesterday's upswing); → the psychological level of $70k is providing resistance; → the descending channel (shown in yellow) is becoming more apparent. This could mean that the consensus is crumbling and there is a shortage of buyers in the market willing to pay more than $70k for the coin. The inability of the Bitcoin price to perform as strongly as the Nasdaq 100 index going forward will support this thesis. I expect a decline to the 1st support line below the median.
BINANCE:BTCUSDShort
by chartreadingpro
1