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Bitcoinusdt

Bitcoin Update: Possible ScenariosBitcoin has been in consolidation mode for about 6 months, and now it's almost time to make a decisive move. Considering the market structure, including the highs and lows, I expect BTC to make another low before heading towards a new ATH. We have two important main support levels at $44K and $37K, where the price could bounce back in case of a market crash in the upcoming month. I find the scenario of support at $37K more probable than the other two scenarios: a bounce back from the $44K level or in a bullish scenario, breaking the last high at $70K to make new highs towards $100K DYOR
by farhadnmd
BTC (Bitcoin): Approaching ResistanceTrade setup : Break below 200-day MA (~$61.5K) threatens the uptrend and price has made a Lower Low during the current downswing, which is also a negative sign. Price has bounced off from oversold levels (RSI < 30) and reached a stiff resistance zone of $60K - $62K (200-day MA). Price needs to regain the 200-day moving average (~$62K) to signal resumption of uptrend, with upside potential to $72K thereafter. Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Down. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $56.50, then $50.00.
Long
by altFINS
$30K BTC before end of 2024 is Coming and How to survive the falIf you find this helpful, don't forget to follow and support us with a like. It’s clear that buyers are struggling, but the pattern of lower highs and lower lows is concerning if they intend to push for $100k before the end of 2024. It feels like sellers are playing a strategic game, and here's why I think market makers might be up to something. If you’ve been following my Bitcoin analysis, you’ll know that the GETTEX:48K support target was hit, with the next range likely being $43k to $38k. You can read more about this short target here: I previously called for a target drop from $74k to the $30k support, predicting bounces from strong support levels. Five months ago, when I first advised selling at $74k, many in this community called me foolish, accusing me of hating Bitcoin. But I’m a businesswoman focused on making profitable decisions, not getting emotional about any coin, Bitcoin included. I’ve stuck by my predictions, and I’ll continue to update you based on the MT Pandora's Box strategy. Stay tuned—this rejection at the $GETTEX:64K-$62k range is likely to push prices down to the $FWB:42K-$38k support.
BINANCE:BTCUSD.PShort
by MachiavelliTrader
DON'T LOSE HOPE: BTC LOVES DecembersOver the past few years, BTC has shows affinity for Decembers. If you've been following for a while, you'll know I've been on about this "multi-month" cycle that eventually leads to another BTC ATH before the bearish cycle starts. And it's been exactly that - a mulltimoth period of sideways trading and corrections. However, considering how BTC usually increases in Decembers I'm inclined to say we may yet see our final ATH in the last quarter of the year; specifically towards the end of the year. Currently in the 4h, we can see a strong V-shaped recovery after a dip to 49 000. The dip doesn't bother me in the least bit, because this is the original target I had from Elliot Wave analysis months ago: We're still making higher lows, and even if we trade just over and under 60K for a period I will sleep easy. _______________________________ BINANCE:BTCUSDT
Long
by CryptoCheck-
2
Bitcoin BTC price + CPI US 15.05 will stir up the marketHere is a chart of #BTCUSDT on the 12-hour timeframe. At first glance, it looks nothing special: a prolonged consolidation on falling trading volumes, everything is natural and natural. But tomorrow, at 15.05 at lunchtime with the close of the 12hr candlestick, everything can change. Tomorrow is the announcement of the "fresh" US CPI rate. Forecast: inflation will decrease from 3.5% to 3.4%. Declining inflation = a good signal for the growth of financial markets. But the tweet from Mr. Biden adds some "spice". President Biden: wants to give new home buyers $400 per month for 2 years to help people with housing. This is either a pre-election promise or a good opportunity to start the “printing press” And now for a bit of conspiracy theorizing: Let's assume for a moment that Biden knows a little more than we do. And tomorrow it will be announced that inflation has fallen not to 3.4% but to 3.2% or even 3%. This will definitely cause a powerful surge and growth in the market. The last thing that comes to mind is how massively $ were printed and distributed in the spring of 2020 as financial aid during COVID-19. Do you remember how the crypto market grew then in 20\21 from an additional portion of “retail's crazy money”?) So where do you think the CRYPTOCAP:BTC price will go in 24 hours? 👍 towards $71000 👎🏿 towards $56500
by P_S_trade
23
BTCUSD/D Is it an opportunity or a long slide for BTCUSD?Long-term BTCUSD analysis: The drop from the peak of 70000 shows us a new profit-taking zone for Bitcoin. Currently, the selling pressure is still very strong, which also presents a long-term opportunity for holding BTCUSD and Bitcoin. The short-term trading trend remains SELL. Key price ranges to note are: 46000-48000 and 37000-42000. It is predicted that BTCUSD could reach 80000 this year. We should seize the opportunity to buy this long-term BTCUSD. Recommendation: Plan 1: SELL BTCUSD zone 59000- 60000 SL 62500 TP 55800 - 52500 - 49000. Plan 2: BUY BTCUSD zone 47000-48000 SL 45000 TP 52000 - 58000 - 80000 - open. Plan 3: BUY BTCUSD zone 37000 - 40000 SL 35000 TP 45000 - 52000 - 59000 - 80000.
COINBASE:BTCUSDLong
by wetdyerap
BTC (Bitcoin): Approaching ResistanceTrade setup : Price got oversold (RSI ~ 30) near $56.5K support and bounced back up. It broke back above 200-day MA (~$58.7K) and above $60K key level, which signaled resumption of uptrend, and is now approaching our near-term target of $72K. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $72K to signal continuation of uptrend, with +10% upside potential to $79K next, or 2) pull back near $60K support for another swing trade entry in Uptrend with 20% upside potential back to $72K. Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Strong Up, Medium-term trend is Strong Up and Long-term trend is Neutral. Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $60K, then $56.5K. Nearest Resistance Zone is $72K
Long
by altFINS
Bitcoin: June 26th, 2024Hello dear traders. In this post, I am going to provide my thought process and a thorough analysis regarding Bitcoin and where we stand. First and foremost, let me be unequivocally clear that I am bullish, and I am going to provide the invalidation for my bullish bias, and also where my bullish bias will be ever more valid. Firstly, if you take a look at the HTF chart i.e. weekly and biweekly, you will see that price is respecting a major support level that used to be resistance (the grey rectangle). Price deviated twice above the box in the previous cycle and then the trend began with clear signs of rejection from the box. As long as we have no acceptance below the box, I am bullish. Acceptance for me will be a formidable candle slicing through the zone and then closing and finally spending time below the zone while showing signs of rejection. If we close a strong daily candle below it, I will exit my longs. Plus, the quarterly candle is retesting the previous resistance. However, the 2M candle is exhibiting mixed signals, but overall it can be seen as a form of retest too (These charts will be posted in comments section for study purposes). Now that we got the higher timeframe out of the way, let's focus on the daily. In the daily, one thing is definite: Price is range-bound above the previous resistance. What can further validate longs? Firstly a move above 63K - 64K. In other words, a move above the anchored VWAP and VAL. This will definitely be a positive step for longs. What will be absolutely bullish? A reclaim of 66K - 67K. That is to say a reclaim of the GP of the move down, POC of the range, and the mid-range. Considering the major VWAP charts (You can find the charts in the comment section), 66K is previous quarterly VAH. 62300 is current quarterly VAL. Also, 65600 is the current quarterly VWAP. In the monthly, 63500 is the current monthly VAL, and the current monthly VWAP is at 66600. Moreover, the previous monthly VWAP is at 64600. What do all of these mean? The same conclusions we made. Reclaim 63K - 64K and we have taken a firmly positive step. Reclaim 66K - 67K and and we are absolutely bullish. I use these metrics to draw conclusions, and they all point to the same results. My preference is a monthly close above 63K. You can find the charts in the comments section, and if you find this analysis useful, please smash the like button and share it. It goes without saying that this is my take on the current situation of the market and none of this financial advice, and I hope that this information translates into meaningful action for you. Good luck!
COINBASE:BTCUSDLong
by Trader_Nebula
BTCUSDTAnalyzing the 4-hour Bitcoin chart, we can observe a descending wedge pattern forming. Currently, the price has reached the support line of this formation. If it bounces off this support and breaks through the resistance line, it will confirm the upward momentum. These patterns typically indicate a bullish reversal, leading to a potential rise. Target: Bitcoin (BTC) Target: $71,000, expected to be reached within a week. Let's keep an eye on this pattern for a breakout to confirm the bullish scenario!
by benjaminxbt
btcPlan 1 From this first resistance, we play a little and the blue movement is done Plan 2 We have Time News today and Green Plan Important note We have three important areas where I don't do a lot of shopping We are in a short-term downtrend If the important resistance areas are not broken, the yellow lines are in sight We have news It is a personal opinionPlan 1 From this first resistance, we play a little and the blue movement is done Plan 2 We have Time News today and Green Plan Important note We have three important areas where I don't do a lot of shopping We are in a short-term downtrend If the important resistance areas are not broken, the yellow lines are in sight We have news It is a personal opinion
BITSTAMP:BTCUSD
by hosseinghaffari67