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Bitcoinanalysis

#Bitcoin Rejects Bears, Will Bulls Build On Gains?Past Performance of Bitcoin Bitcoin prices recovered slightly on April 25, bouncing from around the FWB:27K primary support. While the boost was positive, BTC is still not out of the woods, and prices might collapse if there is no follow-through in sessions ahead. For now, important reaction lines remain unchanged at around $28.3k and FWB:27K , defined by the bear candlestick of April 23. Because of this state of affairs, BTC is still bearish, with the bear bars of April 19 through 21 shaping the immediate to medium-term trend. Overall, from a top-down preview, buyers have a chance though only after there is a sharp reversal above $31k. #Bitcoin Technical Analysis Looking at the general trend of the last four months, the path of least resistance is northwards. BTC might be down roughly 8% from recent peaks. However, buyers remain in control. For upward trend resumption, there must be a convincing break above the local resistance line at $28.3k. This would unwind losses of April 23, setting the base for another leg up for FWB:31K , especially if the breakout is with high participation levels. If not, losses below FWB:27K with similar rapid movement would cancel out the bullish outlook as BTC drops closer to $25k. What to Expect from #BTC? Buyers are confident, but their optimism will be confirmed if there are price gains above $28.3k towards $30k. Any contraction reversing recent gains might see BTC drop to critical reaction levels, especially February 2023 highs. Resistance level to watch out for: $28.3k Support level to watch out for: FWB:27K Disclaimer: Opinions expressed are not investment advice. Do your research.
CRYPTO:BTCUSDShort
by Bitcoin_Analyzer
#Bitcoin bear market Bottom 2022if we go back by time between bottoms and top and halving this is what we got if you know what i mean!! µ we are already in the final first half of the bear market, and i think now we are in the seconde (last half) the same time of the last bear mrket the bitcoin Dominance was at the same levels i expect big pumpto 60/70% on the dominance and big dump on the Bitcoin price ... im already in accumulation phase right now already invest 10% of my wallet, lets get the party start.
INDEX:BTCUSDLong
by Yassine_Houd
#Bitcoin Consolidates, BTC Finds Support at $27kPast Performance of Bitcoin There is no reprieve for Bitcoin bulls, looking at the arrangement in the daily chart. BTC edged lower yesterday and could likely dip in the sessions ahead unless there is a sharp recovery above $28.3k, clearing the highs of April 21. Meanwhile, traders are bullish because sellers didn't push prices lower below the FWB:27K support level yesterday. Since the immediate trend is dictated by the bear bar of April 19, the failure of sellers to follow through on April 24 is welcomed, at least for now. Traders should closely monitor how price action prints out within the above-defined ranges in the sessions ahead. #Bitcoin Technical Analysis The April 19 bar dictates the current formation. Follow-throughs in subsequent sessions capped with the bear bar of April 21 that shapes the immediate state of price action. Notice that prices are in range, inside the bear bar of April 21, with caps at $28.3k and $27k. Although bulls might be in the driving seat from the top-down preview, sellers are in control now. Still, participation levels are low. Therefore, if BTC crumbles below FWB:27K , confirming losses of April 27, ideally with above-average volumes, the coin might drop to the FWB:25K region in a retest. What to Expect from #BTC? Buyers will have a chance if prices continue consolidating. A recovery above $28k will be welcomed. For now, BTC is in a precarious position. Losses below last week's low may trigger another wave of solid sell-offs. Resistance level to watch out for: $28.3k Support level to watch out for: FWB:27K Disclaimer: Opinions expressed are not investment advice. Do your research.
CRYPTO:BTCUSDShort
by Bitcoin_Analyzer
BTC SHORT1st Break of Channel Extreme boundaries in the 1 Week timeframe chart Daily time frame chart presents a Setup for a short position: Imbalance, that got filled a posteriori Orderblock is one that manipulates the market Liquidity formation below area of interest The approach to the area of interest is with low volume. Price goes up but volume goes down significantly. White Lines CHOC confirmed on the Daily Timeframe Second Entry on the last supply created targetting 15450
Short
by vsliziario
Bitcoin Dumps 10%, BTC May Crash To $25kPast Performance of Bitcoin Bitcoin crashed 10% from April highs last week. Prices remain below a critical support level when writing. The daily chart shows prices are stuck in a tight horizontal range below $28.6k. While the contraction was expected after continuous expansion in the better part of Q1 2023, the current correction is with relatively low trading volumes. Technically, this is supportive of buyers. Even so, how prices pan out in the next few trading sessions depends on whether bears will extend last week's gains. Any loss below FWB:27K would likely accelerate the dump, forcing the coin toward $25k. Bitcoin Technical Analysis The selling pressure of last week will likely spill over. There was a spike in selling volumes in the second half of last week, forcing the coin below FWB:29K and $28k. However, participation is relatively low. For now, resistance remains at $28.3k while support is at FWB:27K , the trading range of the bear bar of April 21. Aggressive traders can look to short on every attempt below $28.3k. Still, there are better opportunities below FWB:27K , especially if there is a high-volume breakout below $27k. In that case, BTC may drop to February highs at FWB:25K in a retest. What to Expect from BTC? BTC is bearish and under pressure. The correction was expected and came after a 55% surge from mid-March. Reaction levels in the medium term remain at FWB:25K and $31k. If bears press on, BTC will likely drop to February 2023 highs. Resistance level to watch out for: $28.3k Support level to watch out for: FWB:27K Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
#Bitcoin Extends Losses, BTC Uptrend Likely OverPast Performance of Bitcoin Bitcoin prices are under pressure when writing on April 21. The drawdown of April 19 was confirmed yesterday as the coin sank lower. Presently, the coin is retracing from this month's highs, and FWB:31K remains to be an important reaction point. Unless there is an expected expansion above the immediate reaction level, the path of least resistance is southwards. Notice that the bear bar of April 19 is engulfing and is noticeable with high trading volumes. For this reason, traders can search for entries to short, aligning with the emerging bear trend as they set eyes on $26.6k or lower. #Bitcoin Technical Analysis In the short term, sellers are in control. The path of least resistance is southwards. The failure of buyers to flow back and resist lower prices of April 20 means the current correction could continue for the sessions ahead. Since prices are below $29.6k, the April 10 high and reaction level, every attempt high may be an unloading opportunity for sellers angling for $26.6k in the short term. This preview will be valid as long as prices, even in a recovery, are trending inside the April 19 anchor bear bar. What to Expect from #BTC? After weeks of encouraging expansions as BTC recovered from the crypto winter, the coin may be overheated. The cool-off being experienced doesn't entirely cancel out the uptrend. Still, the coin may drop lower in a retracement, retesting $26.6k or lower. Resistance level to watch out for: $29.6k Support level to watch out for: $26.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Bitcoin Short Term ExpectationsBitcoin 4H Chart Hi folks, 📌Bitcoin, which peaked at 31K, has experienced a decrease of approximately 8%. As of now, it is trading at 28850 USDT. 📌28800 is a strong support and a healthy correction is expected as long as it doesn't close below this level. 📌29339 is an important resistance that needs to be regained in the short term (last bullish Fib 0.5). 📌There are two nice dip zones formed in the RSI, and I now expect to see a rise from here. This is my expectation. 📌If it closes below 28800, the next target area is 26875, which I do not think will be very healthy for the market
by Bullfighterr
#Bitcoin Is Choppy; BTC May Drop To $26.6k in a Cool-OffPast Performance of Bitcoin Bitcoin unexpectedly plunged on April 19, sinking below $30k as price action continued to be choppy. The heightened volatility is amid the general contraction across other asset classes. Currently, the drawdown means BTC is below FWB:31K , a critical support line, and also back below $29.6k, swinging price action in favor of the April 17 bar, which is bearish. Whether BTC will continue dropping in subsequent sessions, remains to be seen. However, for buyers to be in control there must be a solid breakout above FWB:31K , with expanding volumes nullifying the selling pressure of the past few trading days. #Bitcoin Technical Analysis BTC is bullish, at least from a top-down preview. For now, though, the uptrend momentum is dropping, and sellers are pressing on. The drop of April 19 reflects the general state of the market and seems to confirm April 17 formation. As it is, sellers can load on every attempt higher below $29.6k. If there are further losses reversing the gains of April 10, the anchor bar of this uptrend, BTC may drop towards $26.6k in a retest. This move would offer traders an opportunity to ride the sell-off. What to Expect from #BTC? The uptrend is defined, but a cool-off is normal after months of higher highs. For now, traders should watch what today's close will be like. Deeper losses may see BTC drop even further, reversing April 10 losses towards March 22 lows. Resistance level to watch out for: $29.6k Support level to watch out for: $26.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
1
#Bitcoin Reverses Losses, BTC above Critical Support At $29.6kPast Performance of Bitcoin Bitcoin prices rebounded strongly on April 18, reversing losses the previous day. With the bounce, the coin is back to a bullish formation. However, there needs to be an assurance that comes with a high volume close above $31k. Only then will BTC likely float higher, aligning with the anchor bull bar of April 10 that defines the current formation. As it was, the immediate support is at around $29.6k, a reaction line flashing with the April 10. Provided prices are above this line; there could be more room for expansion in the days ahead as buyers flow back, pushing the coin higher. #Bitcoin Technical Analysis The path of least resistance remains northwards. Even though there are hints of weakness, the rejection of lower prices on April 17 points to general demand. Therefore, as long as prices are within or above the April 10 bull bar, buyers are in charge from an effort versus result perspective. Traders can look to buy on dips above $29.6k, targeting FWB:31K and later $32k. However, conservative bulls can wait for a solid close above FWB:31K before riding the emerging trend toward $32k and $35k. This will be especially so if the breakout bar is with expanding volumes. What to Expect from #BTC? Buyers are upbeat and confident that BTC is on a recovery path after the losses of last year. Still, before then, the volatility of the past two days means traders can wait for a clear short-term definition despite buyers being in control. Resistance level to watch out for: FWB:31K Support level to watch out for: $29.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin setting up for a new continuation?Today’s focus Bitcoin Pattern Trend Continuation Possible targets 31,000 – 31,700 – 32,000 Resistance 30,500 Indicator support – EMA solid up slope CCI close a to 0 bounce After a solid pullback to start the week, buyers charged back into Bitcoin on Tuesday, pulling back all of that session's losses. It was a solid move that kicked into gear once sellers broke 30,000 to the downside. Despite the bullish push, buyers where once again stopped at the 30,500 area. Today sellers remain in control, but we are wondering if they can regain control and make a new push at resistance. A test and break could set up a new trend continuation trigger, and we would like to see this year's high and above tested if that happens. The EMA continues to support the trend with a solid slope upwards, and the CCI came close to testing the 0 line. We would like to see the CCI move back into the oversold with a new move higher, but price is the prime focus in confirming the move. If price moves back below 30,000 today or tomorrow, this would be a worry, and it could show buyer momentum might not be that strong. We would prefer to see yesterday’s high broken today. Thanks for stopping by. Good trading, and have a great day.
EIGHTCAP:BTCUSDLong
by Eightcap
#Bitcoin Cracks Emerging, BTC Bull Run Coming To An End?Past Performance of Bitcoin Bitcoin prices are melting at spot rates. The disintegration of April 17 is noticeable and wide-ranging. Since it is a bearish engulfing bar, dropping below April 10 bull bar with decent participation, the bullish preview has been nullified, and sellers appear to be in control. This follows the consolidation and divergence from the upper BB, suggesting a dropping upside momentum. Since prices are below $30k, a psychological reaction line, and the uptrend is stretched, today’s close can determine whether bulls’ resilience will be broken. Ideally, any close below FWB:29K by today’s close will be a big blow for optimistic traders. #Bitcoin Technical Analysis Presently, the April 17 bear bar is engulfing. It noticeably prints after buyers’ momentum fizzled out, resulting in the pin bar on April 14. Since prices over the weekend didn’t edge higher above FWB:31K , instead contracting inside the pin bar, sellers could be taking over. Accordingly, traders can look for entries to short with targets at February highs at around $28.6k and, later, March 22 lows at $26.5k. This preview will be nullified should there be a sharp expansion above FWB:31K with expanding volumes. What to Expect from #BTC? After an impressive surge from December, bulls are struggling. The momentum is falling, and buyers appear to be taking their profits. Yesterday’s bar follows the pin bar of April 11. As it is, traders can unwind their longs, especially if today closes even lower. Resistance level to watch out for: FWB:31K Support level to watch out for: $28.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
BTC Bearish Sentiment Shows Possible Reversal!Bitcoin is in a big rising broadening wedge from 15K and Also the price movement is EXACTLY the same way that it did at All Time High before crash (purpele rectangle pattern) I've analysed the purple rectangle candle by candly in the video and to my surprise its literally the same movement DXY showing Bullish sentiment (forgot to mention the engulfing candle on daily) and SPX showing top sign with possible pullback Please support my channel by Follow,Boost,Comment
Short
by pcmonk
#Bitcoin Retraces, BTC bullish above $29.6kPast Performance of Bitcoin Bitcoin prices remain higher when writing, steadying above $30k as buyers soak in selling pressure on April 14. Then, bears were in control as a pin bar formed. Looking at the chart, the failure of buyers to press lower on April 15 and 16 below $30k means the uptrend momentum is high. There could be more gains towards $32k and $35k in the sessions ahead. #Bitcoin Technical Analysis BTC is within a bullish breakout formation, surging above the rising channel. Since the bull bar of April 10 is with rising volumes and subsequent bars are relatively higher, above FWB:29K , every low is a loading opportunity. Traders can look for entries above the April 10 highs of $26.5k, with the next target at $32k and later $35k, marking January 2022 lows. What to Expect from #BTC? Traders are confident despite the current contraction. The rejection of prices below $30k over the weekend cements this bullish preview. As such, market participants can look for entries on every dip, targeting last week's highs, $32k, and other key reaction points in the short to medium term. Resistance level to watch out for: $32k Support level to watch out for: $29.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Bitcoin Bulls Firm, Next Target $32k?Past Performance of Bitcoin Bitcoin broke off higher on April 13, looking at the performance in the daily chart. Overall, the uptrend remains. Prices are trending above $30k, a psychological level. Support remains at FWB:29K , marking March highs. Since BTC is within a bullish breakout formation above the rising channel, every dip may offer entries for optimistic buyers. #Bitcoin Technical Analysis Although volumes are low, BTC buyers are resilient, rejecting the bears of April 12, looking at the performance in the daily chart. Besides, prices are firm above $30k as bars align along the upper BB. This may suggest that the underlying momentum is high and may prop buyers aiming for even more gains in the days ahead. Notice that the BTC upward structure is still valid. Presently, prices are above the rising channel and primary support at around $29.3k. At this pace, buyers should target $32k in subsequent sessions as the bulls of Q1 2023 flow back. What to Expect from #BTC? The rejection of lower lows on April 13 and the alignment of prices with the bull bars of April 10 means the uptrend is still valid. As such, BTC could still soar to new H2 2023 highs if prices are above FWB:29K in the sessions ahead. Resistance level to watch out for: $32k Support level to watch out for: FWB:29K Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
BITCOIN BTC Bearish Possibility, Not Much To See Here!Has BTC exhausted its recent rally? Top has rounded and formed, Making lower lows and lower highs, Hitting key resistance, Has failed to sustain 50K, Momentum indicators divergent, and could be following my wave analysis for a pullback. Still need to see price break 46.5k, 42k and 37k in my humble opinion. After that not much stopping it other than 23k and 16.5k Just a simple idea analysis. Not much to see here. Always be ready for any scenario!
BITFINEX:BTCUSDShort
by bhill
2
BTCUSD: 50% Fibo retracement as target?In the last analysis, I already mentioned 40k as a possible price target. Coincidentally, at 42k lies the 50 Fibonacci retracement, which at the same time corresponds exactly to the striking high of January 8, 2021. The high of January 8, 2021 is so important because very many onchain indicators measured maximum overheating on that date. The January 8, 2021 high or 50 Fibo retracement is unlikely to be easily broken. A retest to the 200 weekly moving average (green curve) is then possible. The area around 35000 USD can also be considered as an intermediate target. The area must be exceeded to reach 40 to 42k USD.
BITFINEX:BTCUSD
by algoros
#Bitcoin Stagnates But Uptrend Remains above $29kPast Performance of Bitcoin The daily chart shows that Bitcoin prices are higher but remain under pressure. For example, on April 12, prices were generally lower, around the $30k level. Even so, the uptrend remains, and the bullish breakout pattern set in motion on April 10 is still valid. Accordingly, as long as prices are above FWB:29K , buyers have the upper hand, and there could be more room for expansion in the days ahead. For now, whether prices will edge lower in a retest or not will determine the speed at which bulls will push the coin higher in sessions ahead. #Bitcoin Technical Analysis Buyers from mid-March 2023 are still in charge despite the contraction of April 12. A noteworthy observation is that prices are still trending above the rising channel, and FWB:29K remains a critical support and reaction point. Therefore, provided the contraction is with light volumes and prices are above FWB:29K , buyers can look to double down, aligning with buyers of April 10. This is valid from an effort versus result perspective, permitting optimistic buyers to load on dips targeting $32k or better. Conversely, this preview will be null should BTC drop sharply below FWB:29K , even rewinding gains of the anchor bar of April 10. What to Expect from #BTC? For now, aggressive traders can buy on dips if prices are above FWB:29K and, ideally, April 10 lows. There could be more room for growth in the sessions ahead, provided buyers successfully soak in selling pressure and reject yesterday's bears. Resistance level to watch out for: $32k Support level to watch out for: 29k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin Pattern At The Start Of A Catastraphic Down Move!*Disclaimer: Not Financial Advice* IMPORTANT: By Now We have quadruple bearish RSI divergence and double bearish divergence on Stoch RSI BTC all time high pattern is repeating right now (purple rectangle) I've talked about it in video - EVEN the divergence are the same. DXY Broke the descending wedge and is consolidating , with todays news it could surge up which will follow in BTC,SPX,NQ1 sell off *Strongly Encourage to watch this until the end* PLEASE consider SUPPORTING Me by Boost,Follow,Comment and Sharing-
BINANCE:BTCUSD.PShort
by pcmonk