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Bitcoinanalysis

#Bitcoin Pierces $29k, BTC Uptrend of Q1 2023 ResumesPast Performance of Bitcoin After roughly three weeks of sideways movement, Bitcoin prices broke higher on April 10. There are hints of strength, reading from the performance in the daily chart. Per the current layout, traders can look to load the dips and align with the primary trend established in Q1 2023. Currently, bulls have broken above the resistance at March highs. The BTC rally aims for $32k as the trend established from December 2022 continues in April 2023. #Bitcoin Price Analysis Buyers are in control and trading above $30k, above critical liquidation levels in March 2023. Besides, trading volumes are expanding, meaning momentum is picking up. In this formation, buyers of March 17 are flowing back and solidifying the uptrend. Therefore, from an effort versus result perspective, traders can load the dips whilst targeting $32k in the subsequent few sessions. Interestingly, from the daily chart, trading volumes are high, meaning there is participation from traders, a development that can inject more momentum. What to Expect from #BTC? Participation is rising and coincides with the upswing, supporting buyers. As it is, every low may offer entries for aggressive traders targeting $32k or better. This preview will hold as long as BTC is above the middle BB and $27.8k or April 9 lows. Resistance level to watch out for: $32k Support level to watch out for: $27.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Bitcoin Remains Stuck, Bulls Fail To Break $29kPast Performance of Bitcoin Bitcoin prices are relatively lower when writing, reading from the performance in the daily chart. Even though the buyers have the upper hand, the failure of prices to edge higher over the weekend should be a concern. Already, candlestick arrangement and volume analysis show that momentum is waning. However, while this exists, it is until there is a sharp breakout above the current trade range for the trend to be established. #Bitcoin Technical Analysis Prices remain unchanged, and trading volumes are subdued when writing. At the same time, BTC is within a tight range broadly defined within a rising channel. Even though the uptrend remains and prices remain within a wedge of a predominantly bullish formation, traders can only commit after prices break above key reaction levels. In the short term, the main buy trigger will be at March 2023 highs, while support lies at March 22 lows at around $26.6k. Traders can stay on the sidelines until there is a swing in either direction. What to Expect from #BTC? Buyers are confident of what lies ahead. However, as it is, the uptrend remains subdued, and buyers are struggling to maintain the upside momentum. Resistance is at FWB:29K , while support is at the base of the high-volume bear candlestick of March 22. Resistance level to watch out for: FWB:29K Support level to watch out for: $26.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Bitcoin Stagnates, Will Bulls Keep Prices above $26.6k?Past Performance of Bitcoin Bitcoin prices are drab when writing, confined within a tight trade range at around $28k. This is despite the primary trend being bullish. As it is, traders should wait for a clear trend definition before aligning with the emerging trend. Until there is a sharp, high volume close above $29k, bears might flow back and press prices lower. #Bitcoin Technical Analysis The path of least resistance is northwards, reading from the formation in the daily chart. Still, there are concerns about the validity of the uptrend and whether buyers will continue maintaining the same upside momentum as of mid-March 2023. The chart shows that buying pressure is waning as participation levels taper, an indicator of cautious traders. Therefore, unless there are breakouts in either direction, above $29k or below $26.6k, conservative traders can stay on the sidelines until there is a trend definition. The immediate term, for now, is anchored on the March 29 bull bar. Although volumes are comparatively low, the trend favors bulls from an effort versus result perspective. What to Expect from #BTC? Traders are optimistic about BTC's prospects. Though the current accumulation might draw momentum, weakening the uptrend, there are clear indicators that buyers still have strength. Still, resistance and support levels remain evident in the short term since prices have stagnated for the past two weeks. Resistance level to watch out for: $29k Support level to watch out for: $26.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Bitcoin Sideways Movement Continues, Upside Momentum DroppingPast Performance of Bitcoin Bitcoin prices remain firm at spot rates but flat in lower time frames. Even though traders are upbeat, wanting BTC to push higher to new territories, the coin's failure to break above immediate resistance lines is challenging. The coin has a liquidation line at $29k, marking March highs. On the lower end, support is at around $26.6k, with the rising channel a formation to consider for traders waiting for a breakout formation. If anything, any spike or dump below any of the levels mentioned above may trigger a rally or sell-off, shaping the coin's short-term trend. #Bitcoin Technical Analysis From the daily chart, yesterday's bar closed as a mixed bar. There is equal buying and selling pressure, an indicator that traders are well-matched. Still, this doesn't break the dominant formation, which is bullish. The drop in momentum means volatility is also low, explaining the tightening Bollinger Bands, which might form a squeeze. Optimistic and conservative traders can steer clear until there is a close above $29.3k, possibly opening the door for $32k or better. On the reverse side, losses below the March 29 bull bar, the rising channel, and ideally $26.6k will swing the medium-term trend to bearish in a contraction after a solid performance in Q1 2023. What to Expect from #BTC? The horizontal, low-participation consolidation continues as yesterdays far closed lower in a well-balanced bar. Technically, the uptrend remains, but there are lower lows relative to the upper BB, signaling weakness and low momentum. Whether buyers will be sustained depends on how prices break out going forward. Resistance level to watch out for: $29k Support level to watch out for: $26.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Bitcoin Trading Volumes Low as BTC Upside Limited at $29kPast Performance of Bitcoin Bitcoin prices are volatile when writing and within a consolidation defined by a rising channel with mixed bars and tapering upside momentum. The overall trend, from the medium to long term, is bullish. This could change should there be a sell-off confirming bears of early this week. The uptrend remains provided prices are trending above $26.6k while there must be convincing, high-volume gains above $29k for the uptrend to be valid. In that event, BTC may explode to above $32k and other critical resistance levels, confirming buyers of the better part of Q1 2023. #Bitcoin Technical Analysis Buyers are confident of what lies ahead. But whether the uptrend will continue depends on the reaction between $26.6k and $29k. Prices are boxed within a rising channel, evident in the daily chart. For the uptrend to be validated, there must be a convincing breakout at the back of expanding volumes. The drop in trading volumes has been notable in the past few weeks, an indicator of disinterest from market participants. If there is a push above the March high and $29.3k with the same rigor as the March 13 bull bar, BTC may easily glide higher. As it is, traders should watch out for a definitive breakout before committing, aware that losses below $26.6k may quickly see BTC drop to $24k or lower. What to Expect From #BTC? The uptrend remains, but sellers appear adamant, rejecting attempts for higher highs. As such, from the daily chart, prices are moving horizontally. Still, considering the positive correlation with ETH, BTC could rise in the sessions ahead, even breaking above $29k in a buy trend continuation pattern. Resistance level to watch out for: $29k Support level to watch out for: $26.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
[Bitcoin] ready to rise againDespite the FTX affair wich caused a new low, I believe BTC is ready to rise again due to bullish technical factors: - many bullish divergences in W, 3D, D, 4h - end of the big falling wedge (throwback completed) - new small falling wedge (dashed lines) - historical technical supports (Price, MACD, Disparity index) - blue pill (Hash Ribbons indicator) - bottom found (Puell Multiple indicator) - reversal signal (Network Value to Transactions ratio) Of course, in the event of another major crisis, BTC will fall sharply again.
Long
by Bitcoin_Weather
6
#Bitcoin Tethered To $28k as BTC Trading Volumes ShrinkPast Performance of Bitcoin Bitcoin prices are relatively steady when writing, tethered to $28k, but the uptrend remains. Even though buyers are upbeat, the failure of buyers to push above the immediate resistance level at $29k is a concern. As laid out before, whether BTC will rally or dump depends on the reaction at $29k, marking Q1 2023 highs; and $26.6k in the near term. These are critical reaction levels that traders should watch out for as price action either aligns with the dominant trend from December to March, or dips in line with the bar of March 22. #Bitcoin Technical Analysis Overall, traders are confident, looking at the development in the daily chart. There are lower lows relative to the upper BB, signaling waning momentum. This already shows, considering the light trading volumes of the past few trading days. At the same time, the failure of bulls to invalidate sellers means bears stand a chance especially if today ends up lower. For now, traders can wait for a clear trend definition, aware that any upswing above $29k may see BTC tear higher to $32k in a buy trend continuation formation. What to Expect From #BTC? The uptrend remains despite decreasing volumes and waning upside momentum. Immediate support remains at $26.6k, and should sellers of March 22 flow back, BTC may crack to retest February 2023 highs at around $25k. In that case, the uptrend will be nullified. Resistance level to watch out for: $29k Support level to watch out for: $26.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Bitcoin Falls Back From $29k, but Uptrend RemainsPast Performance of Bitcoin Bitcoin prices are firm, at least from the top-down preview. However, in the immediate term, the coin is struggling to cover more ground. From the daily chart, there are lower lows relative to the upper BB, suggesting waning upside momentum. For the uptrend to remain, the coin should rally above $29k. On the lower end, losses below $26.6k and the rising channel may be a reason for concern. #Bitcoin Technical Analysis Gains in Q1 2023 were impressive as the coin recovered from 2022 pits. This uptrend will likely continue in the sessions ahead. However, a correction will be inevitable after sharp expansions in the past three months. Considering the consolidation along a rising channel and the failure of buyers to close above $29k convincingly, traders should watch out. Support lies at $26.6k, which, if broken, may see BTC drop to $24k. What to Expect From #BTC? BTC is solid, even though the upside momentum is fizzling. Resistance remains at $29k, but if $26.6k fails, at the back of expanding volumes, the coin may slip back to February highs in a welcomed retest. Resistance level to watch out for: $29k Support level to watch out for: $26.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Bitcoin Bulls Rejected At $29k, BTC In A Rising ChannelPast Performance of Bitcoin After temporarily floating above $29k, registering Q1 2023 highs at around $29.1k, Bitcoin prices shrunk yesterday. At the end of the day, there was a long upper wick pointing to intense liquidation in lower time frames. At spot rates, BTC is below $28k but within the March 29 trade range, a development that can support prices. #Bitcoin Technical Analysis From the daily chart, there are indicators of rejections of higher highs. Ideally, any push above the recent consolidation and $29k with expanding volumes reversing yesterday's losses may trigger demand. As it is, traders are watching closely how price action will pan out. However, buyers have a chance as long as BTC is above $26.6k. Conservative traders can watch for a breakout above $29k to load the dips in alignment with the bull bar of March 17. Conversely, should there be a strong breakout below the rising channel and $26.6k, bears may confirm losses of March 22, pushing the coin lower back towards the $24k range. What to Expect From #BTC? BTC prices are within a rising channel, a wedge. Overly, this is bullish for Bitcoin traders. For the uptrend to be valid, buyers must push the coin above $29k with expanding volumes mirroring the March 17 anchor bar. Resistance level to watch out for: $29k Support level to watch out for: $26.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin Idea | The Bulls Attack!For Bitcoin the highest weekly prices are probably $30500.00 and $31500.00. No further explanation! ⚠️🚨 Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ✅ Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed.
Long
by Arash-RK
Bitcoin's future with GDP day: Will the bulls or bears dominate?Bitcoin Performed both upside an downside sweep and now its trying to make its main move. with the 3 leg strategy this should be a pump- lots of bull signs which I talked about in video I also talked about my own bearish bias and why I think this is a jebait Lots of liquidation cluster to the downside. The Big H&S that Ive mentioned in 2 previous video is still in play Thanks for watching Please support me by Follow,Boost,Comment and Sharing
BINANCE:BTCUSD.PShort
by pcmonk
#Bitcoin Breaks Above $29k, Start Of The Next Bull Run?Past Performance of Bitcoin Earlier today, Bitcoin broke above the recent consolidation, reaching Q1 2023 highs of around $29.1k. The leg up was in confirmation of yesterday's rejection of bears, a net positive for optimistic bulls. As it is, traders can search for entries on every attempt lower towards March 29 lows with targets at $30k and $32k. #Bitcoin Technical Analysis Overall, buyers are upbeat, and the trend is northwards, clear from the daily chart. The consolidation of the past few days has completed a rising channel. Since prices didn't fall below immediate support levels, traders have been chiefly accumulating. This preview will hold provided prices are above $26.6k. Conservative traders can wait for a close above $29k before loading on in a breakout formation. Meanwhile, aggressive traders can align with the dominant trend, entering longs with targets at Q1 2022 lows at around $32k. What to Expect from #BTC? The rejection of lower lows at the back of rising volumes indicates strength. Traders can seek to align with the primary trend by buying dips in lower time frames, targeting immediate reaction points. However, there could be better entries once a solid close above the rising channel and consolidation above March 2023 highs. Resistance level to watch out for: $29k Support level to watch out for: $26.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Bitcoin Trading Volumes Dropping, But Prices Hold above $26.6kPast Performance of Bitcoin Bitcoin prices are mostly stable when writing, looking at the general performance in the daily chart. Even though the coin has been under pressure in recent days, the failure of bears to push harder on March 28 means buyers have a chance. Still, how prices react between $26.6k and $29k would shape the coin's short to medium term trend. #Bitcoin Technical Analysis The path of least resistance, from the top-down preview, is northwards. From the daily chart, BTC has support at last week's lows at around $26.6k. Resistance is at $29k but $28k is also a vital reaction point marking March 27 highs. As it is, trading volumes are light, impacting momentum. Until there are sharp movements above or below $28k or $26.6k, traders can watch from the sidelines until a trend is defined. What to Expect From #BTC? Buyers are upbeat, looking at the chart, but the upside momentum is comparatively low. Though there are lower lows relative to the upper BB, signaling weak buyers, bulls have a chance above $26.6k. Therefore, unless there is a clearly defined trend, March 27 lows would be a critical sell trigger line in the short term. Resistance level to watch out for: $29k Support level to watch out for: $26.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Is the Bitcoin Party Over Yet? Grab Your Profits Before ..."Is the Bitcoin Party Over Yet? Grab Your Profits Before They Vanish!" Greetings traders and investors! I hope life's treating you well. Today, we're on a mission to uncover when this epic bull run might end so you can secure your hard-earned gains and shield them from a potential crash. In earlier discussions, I've referred to a 9-month trading channel. Bitcoin recently shattered this channel, sending its price on a steep upward trajectory. This comes as no surprise, given that 9 months of accumulation have now culminated in this explosive rally. Despite chatter about the Fed hiking interest rates, an impending global economic crisis, and other concerns, Bitcoin seems to be unfazed and continues to defy all expectations. Regarding whether this is the end, my estimation is that the current trend is about 70-75% done. We might see a local dip in the price, but next month should be bullish for the crypto market. The odds are 99% that the entire trend will wrap up between $32k and $36k. And, like most cases, it'll probably conclude with an ascending wedge pattern, which has a 70%+ likelihood of causing a price decline. Should a correction occur, keep an eye on potential buying opportunities around $25,300 and $24,000. In the meantime, don't forget to monitor altcoins! At the peak, liquidity will shift into altcoins, creating a golden opportunity for them to shine. So, fellow crypto enthusiasts, buckle up and get ready for a thrilling ride! With the Bitcoin party nearing its end, it's time to strategize and maximize your profits. Keep a close watch on those crucial price levels and, importantly, don't overlook the potential of altcoins. As the peak approaches and liquidity pours into these alternative cryptocurrencies, you could be poised to seize an exceptional opportunity. Remember, the crypto world is a rollercoaster, and staying informed is essential for success. Keep your finger on the pulse and be prepared to act when the time is right. By doing so, you'll be well-positioned to capitalize on the remaining growth and protect your profits from a possible downturn. Happy trading and investing, and may the odds be ever in your favor!
Long
by Yaroslav_Krasko
2
$BNB Chart Clearly Predicts A Drop- The News Story is IrrelevantSo to put the whole picture together: -BTC chart looks due for a juicy pump -COIN looks due for a juicy pump -BNB looks due for a nasty drop off (based on the chart- the channel charted, specifically)- yet they'll blame it on the sudden "news story" -US Banks look set to fail (based on the charts), and if/when they do, they'll claim that that is why BTC is pumping So all together simultaneously that's: Bitcoin pump, BNB dump, COIN pump, US banks dump
Short
by UnknownUnicorn1935796
Bitcoin Retraces, Breaks Below The Rising ChannelPast Performance of Bitcoin On March 27, Bitcoin prices fell below the rising channel, retesting $26.6k and last week’s lows. Even though the primary trend remains northwards, the upward momentum is tapering, and sellers are likely to press lower in the days ahead. As it is, traders can watch closely whether prices will dump, aligning with the losses of March 22. #Bitcoin Technical Analysis From the daily chart, BTC is down 2.5% in the past day and week. Prices remain in a tight consolidation. Since the bar of March 27 is bearish engulfing, aligning with the trend of March 27, the odds of a follow-through remain high. Therefore, traders can stay on the sidelines and anticipate a high-volume breakout. Losses below $26.6k may trigger a sell-off that may see BTC tank to $24k in a retracement. Conversely, it will be a relief for buyers should prices recover above $28k, reversing yesterday’s losses. That may set the base for a leg up towards $29k in a bullish trend continuation formation. What to Expect From #BTC? Buyers are upbeat. However, how prices react in the next few days depends on the breakout direction from the current consolidation. The bull bar of March 17 shapes the immediate term trend and trends to favor buyers. Any breakout below $26.6k may see this trend reverse in a correction. Resistance level to watch out for: $28k Support level to watch out for: $26.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
BTC WEEKLY TIME FRAME FALLING WEDGE ANALYSIS 28 MAR 2023'll be Completely LONG 🟢in BITCOIN (BTC) once it breaks out 📈and successfully re-test this falling wedge in weekly time fame till then only scalping and some swing trade only💹. I'll also tell you guys when you can start buying in Bitcoin in SPOT 🛄 and when to do DCA also📊 In the above chart📊 i have shown you the 3 possible ways ♻️according to my analysis for the break-out📈 in which the last one has the possibility of the New Bottom⤵️ as well so keep your eyes 👀on the charts and let's where it breaks-out from👍 BITSTAMP:BTCUSD
BITSTAMP:BTCUSD
by harshkamalkumar
Bitcoin, A long term overview!Let's take a look at Bitcoin in 1D chart, a long term overview of the possible bitcoin moment for upcoming weeks. Recently Bitcoin is showing more bullish momentum and everyone is optimistic towards the bull run. However as we have seen the past, a proper bull run starts after the Bitcoin halving. Whatever the momentum that we are seeing now is just a preparation for the real bull run which is expected after the bitcoin halving (which is expected around April 2024) and we are going see new ATH for bitcoin in end of 2024 or beginning of 2025 Let's see what we can expect in the upcoming weeks. As expected we can see some consolidation of the bitcoin pricing around the current resistance around 27-30K. Breaking 30k barrier will add some positive sentiment to the market and we can expect some consolidation after breaking 30k. If the positive sentiment continue we can expect bitcoin to rally towards it's next major psychological resistance of40K. I believe run from 30K to 40K will be a smoother one and should be achieved within a month. Overall i'm bullish on the overall bitcoin pricing expecting it to reach 40K within next 4-8 weeks. Once we reach 40k, it's hard to reach 50K barrier and we can some downtrend after that. For now let's wait and watch for 40k target and enter some low leveraged trades on Bitcoin with Stoploss around 23k range. Cheers!
Long
by GreenCryptoTrades