BTC continues to ClimbSo we are back with a new monday and if you have been keeping an eye on the chart, you know it played out exactly as we wanted. We had a weekly close above the resistance and the btc has created 2 small supports about the resistance. Be warned, these supports can be tested multiple times and there might come a time if the bear volume rises that price comes down to the second support. Once tested, it will bounch back and will try to break the next resistance.
The current price is supported of 20MA and MA50 is waiting between the two supports to provide additional support in case of a bear run over.
Above the current zone we have a slight resistance that can halt us for a while but it is easily breakable.
During the weekend, the change in US politics caused the price to take a jump (within the prevision 12 hours).
This week is going to be very crutial for us. Watch out for the Bitcoin conference being held as Nashville.
We have a big concern for now and that is the zone around $69,000 however I believe during the conference the price is going to shoot like a rocket. It should touch atleast FWB:73K if not $75k.
Make sure to be alert if you are going to take trades as the market has a tendency to try and capture big leverage people.
For sure millions of worth of shorts are going to get liquidated, but there will be many long positions as well who will become victim to the market.
Let's check in the evening how the market plays off.
Bitcoinprediction
Major BTC Bulltrap? Another leg downwards! BTCUSD Index Analysis OF Very Probable reversal and new downtrend continuation
Reasoning goes by the points I've made below
DOUBLE-TOP that happened at May 20th and June 24th AT 71940 BITSTAMP:BTCUSD
Further major and strong Order Block (4H OB) at 67700-68400 BITSTAMP:BTCUSD level
This recent move, that has been happening since July 19th, has sweeped old Liqudity area that previously formed mid-trend and formed DOUBLE TOP that happened at June 14th & 17th
Additionally, June 20th Liqudity Run, that formed a Lower Timeframe Breaker Block, which was recently used as support for last liqudity area, just got swept (at the time of writing 20:52 utc +3).
All of above coinsides with 0.236 Fibonaci retracement of last major downtrend that started at June 24th and ended on July 5th.
Exuberant market sentiment about recent market uptrend and additionally too many optimistic mainstream media news regarding $BTCUSD.
For last few confirmation would like to see
66300 Level - Break and Close of LTF Breaker block area
62400 Level - Another imporant level, if we break and close below, then it will only confirm all of the above.
53500 Level - future level that I watch, when we get closer to it I will do another analysis.
Will #Bitcoin repeat its past moves?#Bitcoin 1W chart;
Let's try to look at the Bitcoin picture from a more distant and different angle;
First of all, the positive divergence of the MVRV indicator with the breakout of the rising top in October 2020 signaled the beginning of a movement in the market.
MVRV is an indicator used to determine the overbought or oversold conditions of the market.
In May 2021, we see that the first top began to decline (2nd vertical yellow line), again with negative divergence.
Subsequently, the 1/RSI divergence at the second top signaled that the downward start of the cycle was now possible. We can say that the manipulation area here was the foam of the 2021 cycle. We can say that those who read this place well left the market with good gains in time.
With the start of the bear cycle, the next first positive signal came in April 2023. With the 2/RSI giving a positive divergence, it showed us that the direction of the market was about to change.
With the test of the Ath level in March 2024, the 4/RSI divergence formed with the 2021 top showed us that the rise was over for now. Subsequently, the 3/RSI divergence formed at this level showed us the direction of the market a little. I tried to warn you as much as I could in this regard.
The area indicated by the orange arrow below shows us that an extreme buying period has not yet started in the market and therefore we have not yet entered the cycle we call mega bull.
Let's talk about the target... According to my estimates, I foresee that this cycle may be between 102k and 120k.
I hope this was useful information for you. If you like it, I would be very happy if you can share it to support.
#BTC/USDT Road to $150k!#BTC : Block out the noise.
We're far from finished! Each dip presents a new opportunity.
You FOMO when the market's green, but turn sceptical when it's red. That strategy won't cut it.
Bitcoin Monthly Analysis Update
Chart Overview:
- Channel Analysis: Bitcoin is in a long-term ascending channel, showing a bullish trend with strong support and resistance.
- Historical Patterns:
- 2016-2018: 60 bars (420 days),
- 2020-2021: 34 bars (238 days),
- Current Position: Trading at $66,993.6 nearing upper channel resistance with a target of $115k to $150k.
Key Levels:
- Support:
- $51,682.
- $43,285. (High Liquidity Untested Territory)
- Resistance:
- $66,993.6
- $73,000
Future Projections:
- High Liquidity Untested Territory: Retest around $43,210.7 could be a strong buy.
- Bullish Scenario: Breaking current resistance targets $115,000 - $150,000.
- Bearish Scenario: Failure to break $70k resistance may lead to correction towards support levels in the high liquidity zone, GETTEX:48K to $60k. (Will update as the time goes and more candles are printed), less likely scenario but possible. Am I scared or selling? NO! I am holding BTC and Alts.
Market Sentiment: Volume increase during last bull run suggests bullish sentiment, but traders should be ready for volatility.
Conclusion: Bitcoin remains bullish within the ascending channel. Monitor key levels to capitalize on market movements.
DYOR, NFA 🚀
#Crypto
What do you think?
Bitcoin following Amazon 2010 chart in the exact same pattern!!This is crazy find guys!!! I found this a while ago and bitcoin is absolutely copying the exact pattern of Amazon chart back in 2010!! and I've been watching it all along, and it just keep going the way Amazon did!!! According to this pattern, we can see that bitcoin's previous ATH will break soon. and continue the move by copying the pattern again.
Is the bull market over? Ultimate Bitcoin (BTC) analysisHello, Skyrexians!
Last month was bloody for the crypto market. BINANCE:BTCUSDT dumped from $70k to $63k, altcoins have completely dead and broke the belief for the altseason. We suppose that now nobody wants to hear anything about altseason and crypto. Most of traders has -50-60% portfolio loss and even cryptocurrency trading platforms which are using the automated trading bot faced with the huge losses. Will this dump continue or now is the reversal point and the forbidden word "altseason" can be said again in the nearest future? Let's try to understand!
Bitcoin weekly time frame analysis
First of all let's take a look at the 1W BTC time frame using our cryptocurrency trading strategy. This timeframe is good to describe current bull run with the Elliott waves. The first we shall do is to find the highest high on the Awesome oscillator. This top corresponds to the recent top at $73k. Therefore, there is a high probability that now price is printing the wave 4.
We have the minimal requirement to finish this wave is the cross of the zero line by Awesome oscillator. We need to see much more candles for this crossover. It means that wave 4 will be finished at least in September. The good news that target price has been already reached or almost reached, that's why we don't expect the significant drop from here. 0.38-0.5 Fibonacci retracement from wave 3 is enough to finish this correction. It means that max drop is possible to $49k. When the reversal bar will be printed there correction is gonna be over.
After that the major wave 5 is expected which can reach 85-107k depends on if it's gonna be extended or not. We will have more precise target when this wave be in progress. Then the bull run is gonna be finished and the next bear market can potentially be huge, but now it's too early to talk about it.
WEEKLY FOREX FORECAST JULY 15-19th: BITCOIN BUY SETUPAnalyzing BTCUSD for the upcoming week.
It looks like there is evidence that price turning bullish in this market.
Enjoy!
May profits be upon you.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
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Bitcoin - Half way to the $200.000 target!BITSTAMP:BTCUSD is consecutively retesting the previous all time high and breaking out soon.
You all know my life motto: Keep your long term vision. This is especially true when it comes to trading the major swings on Bitcoin. These very volatile short term moves will always give you a false perception of the underlying trend. And the underlying trend on Bitcoin is bullish, despite the recent back and forth at the previous all time high. I do expect a major bullish breakout soon.
Levels to watch: $67.000
Keep your long term vision,
Philip - BasicTrading
Bitcoin and altcoins overview(Jule 19-20)There is practically no change in Bitcoin. Yesterday, we continued the local decline. In the near future, we should expect movement within the volume profile noted yesterday, most likely in a downward direction.
To continue a full upward movement, it is necessary to consolidate above the price of $65,000, where the largest volume over the past few days is positioned for sale.
Buyer zones: $61,700-$60,800 (pushing volume), $58,700-$65,200 (accumulated volume zone), $55,000-$53,900 (volume anomalies zone).
Sales zones: $68,700-$69,800 (volume anomalies), $70,500-$71,400 (accumulated volume).
Interesting altcoins.
For the People coin, the cumulative delta has been falling throughout the entire growth, indicating buyer fixations throughout the movement. Now we have reached an important volume zone.
We expect a break of the sloping line and a decline to the important buyer's zone of $0,071-$0,067. From there, if there is a reaction, it is possible to look for longs again.
Bitcoin Daily Chart Bitcoin is currently experiencing a pullback after a bullish run lasting nine days. The next strong support zone is between $61,379 and $60,298. I anticipate Bitcoin will fall to this point of interest (POI), where we should see a reaction. There are multiple confluences suggesting a long setup, one of which is Bitcoin trading above the 200-day EMA, an important indicator of strength.
Bitcoin Daily TF Currently, Bitcoin is facing Support around my key level of $54,600, which coincides with the 0.5 Fibonacci level. Once Bitcoin closes above the 200-day moving average, it is expected to gain momentum and rise towards the top of the channel.
After breaking through the channel, Bitcoin is likely to continue climbing, then experience a pullback, before ultimately surpassing its previous all-time high and setting a new record.
Bitcoin Price Breaks $63,000 Following Assassination AttemptBitcoin Price Breaks $63,000 Following Assassination Attempt
In a dramatic turn of events, the price of Bitcoin surged past $63,000 following an assassination attempt on former U.S. President Donald Trump. This unexpected spike in Bitcoin’s value has captured the attention of investors and analysts worldwide, highlighting the intricate relationship between political events and financial markets.
The incident occurred during a campaign rally in Pennsylvania, where a gunman opened fire, targeting Trump. Fortunately, Trump survived the attack with minor injuries
Market Analysis
Analysts have linked the rising price of Bitcoin to improved odds of a Trump election victory. Trump’s pro-crypto stance has made him a preferred candidate for many Bitcoin advocates.
Exchanges saw heavy trading volume as Bitcoin broke above its 200-day moving average, a technical level viewed by many as a bullish signal.
Bitcoin’s recent price movement is part of a broader trend of volatility in the cryptocurrency market. Earlier this month, Bitcoin’s value had dipped to lows near $53,000 due to Mt Gox pay out and German government action with Bitcoin. However, the cryptocurrency has shown resilience, bouncing back and regaining its footing above $60,000.
Investor Sentiment
The assassination attempt on Trump has been described as a “black swan event” by some crypto commentators, referring to its unexpected nature and significant impact on the market.
Investors are now closely watching the market to see if Bitcoin can sustain its current momentum and potentially reach new all-time highs.
Future Outlook
Looking ahead, the future of Bitcoin remains uncertain but promising. If Trump continues to gain political traction and maintains his pro-crypto stance, Bitcoin could see further gains.
However, it’s important to note that the cryptocurrency market is inherently volatile, and external factors such as regulatory changes, technological advancements, and macroeconomic trends will continue to play a significant role in shaping Bitcoin’s trajectory.
Conclusion
The recent surge in Bitcoin’s price following the assassination attempt on Donald Trump underscores the complex interplay between politics and financial markets. As Bitcoin continues to evolve and gain mainstream acceptance, events like these will likely become more common, reflecting the growing influence of cryptocurrencies in the global economy.
Investors and analysts will be keeping a close eye on future developments, particularly in the political arena, as they assess the potential impact on Bitcoin and other cryptocurrencies
BTC BULLS ARE BACK ?BTC / USDT
In my previous analysis i mentioned area between 54-50k for potential bounce
And thats exactly what happen..it pumped hard from 53k
You can check my previous analysis ▶️ here
What next ?
Above red zone in my chart bulls are in full control So as long as price is holding above this area i keep my eye at 70k
We can also see that many altcoins printed giant bullish patterns with fear sentiment in market for days in G&F index
Surely this could be the bottom for BTC& many altcoins for the next rally…What do u think ? Share with us in comments section below ⬇️