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BITCOIN Update !!The latest BTC/USDT chart update shows a significant zone marked as a "extreme zone" around the 64,000 - 65,000 level, highlighted in red. This red-highlighted zone around 64,000 is being emphasized as a strong support level. If the price retraces to this area, BTC may find buying interest, potentially providing a solid base for a rebound. The upper orange bar, near 72,000, represents a major resistance level. If BTC reaches this level, it may face selling pressure unless it can break above decisively. The green arrow suggests a bullish outlook after a possible pullback to the strong support zone. This scenario implies that BTC could rebound from the 64,000 zone and make another attempt at breaking above the 72,000 resistance. In summary, BTC appears to have a key support at 64,000, which could act as a pivot point for the next upward movement. A failure to hold this zone, however, might indicate a shift in momentum. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
Long
by CryptoSanders9563
BTC : Riding Asia Open Volume to the Golden Zone TargetOn the 8-hour chart, I’m targeting an entry to capture potential volume influx as the Asian markets open. I plan to take partial profits along the way, with a target to reach the $71,000 zone, which aligns with the golden Fibonacci retracement level. Fundamental Context: This setup is influenced by the buzz around the upcoming U.S. Presidential Election and speculation around Donald Trump’s potential reentry, possibly fueling a “buy the rumor, sell the news” effect. Given the high-impact events surrounding this period, I’m managing risk closely, aiming for strategic exits to maximize profitability within this volatile environment. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Long
by AR33_
2
Bitcoin Update !! Bitcoin recently tested strong resistance around the $72,000 - $73,000 level, indicated by the orange line. However, it could not break through, and there are signs of a potential pullback. The red arrow suggests a possible retracement. If Bitcoin fails to regain momentum above this resistance, we could see a correction towards lower support levels, with the $64,000 - $66,000 range as an immediate target. Bitcoin continues to trade within the descending channel. The channel's lower trendline could serve as support in case of a further pullback, while the upper boundary remains a significant resistance. The chart shows the moving averages, with Bitcoin currently positioned above the midline support, which may offer some stabilization if prices pull back. Watch for any clear breakout or sustained rejection around the resistance level to confirm the next trend direction. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
Long
by CryptoSanders9563
BITCOIN ON RESISTANCE, WATCH FOR THESE IMPULSES NEXT!Bitcoin recently tested a major resistance at $73,600, where selling pressure emerged on lower timeframes. A breakout followed by a pullback may occur after the third impulse completes, potentially driving downside momentum to gather liquidity around the key support zone near $66,670. At this level, we could see supported price action aligning with the recently established bullish channel and trendline. With a clear bullish reversal from this low, the rally is expected to continue, aiming for a fifth impulse that could push the price above $80,000.
Long
by traderchamp_
1
Bitcoin Update !!The BTC/USDT chart shows that Bitcoin has returned to its all-time high range, approaching a crucial resistance area around $72,000 – $73,000. Bitcoin has reached the historical resistance level, marked by the orange line. This area has triggered retracements, indicating that BTC may face selling pressure. The red arrow indicates a potential pullback scenario if BTC fails to break and hold above this resistance. In this case, BTC could retrace towards the $64,000 level or lower support areas within the descending channel. If BTC successfully breaks this resistance with strong volumes, it could confirm a bullish continuation toward new highs. Rejection could signal consolidation or a downward correction. Monitor any breakout or rejection signals around this resistance area to anticipate BTC’s next move. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
by CryptoSanders9563
BTC/USDT weekly chart. The BTC/USDT weekly chart shows a potential flag pattern formation, which could signal a continuation of the previous bullish trend if BTC moves upwards. The price is consolidating within a descending parallel channel, which is typical for flag patterns after strong upward movements. This could signal a potential continuation if BTC breaks above the channel. The green area around $39,000 – $43,000 remains a crucial support level, providing a base to hold if BTC retreats. The yellow moving averages provide guidance and may align with BTC’s upward trend if it stays above the channel. If BTC successfully breaks above the upper boundary of the flag, it could resume its upward trajectory, potentially targeting the next resistance levels. However, if it fails to break out, a retreat to lower support levels is likely. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
Long
by CryptoSanders9563
2
BTC/USD Golden Cross OverviewThis chart shows a potential "golden cross" pattern, which occurs when a short-term moving average (typically the 50-day) crosses above a long-term moving average (like the 200-day). In this chart, Bitcoin's price is hovering near $68,102, while the red and green lines (likely representing the 50-day- and 200-day moving averages) converge. The current consolidation within the channel suggests that Bitcoin could be gearing up for a bullish breakout. If the price successfully breaks out of the upper channel resistance, it might accelerate toward the next key level near $72,000. Around $48,803 and the lower channel boundary Near $72,000, aligned with the upper trendline If the golden cross confirms and holds, this may signal strong upward momentum for BTCUSD into the following months. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
COINBASE:BTCUSDLong
by CryptoSanders9563
2
BTC/USDT Chart UpdateBitcoin's price has slightly increased to around $67,312.72 after facing resistance near the $72,000 level. Despite the minor retracement, the bullish structure remains intact, with strong support around the $64,000 to $65,000 range. The chart suggests a consolidation phase near current levels, with a potential bullish breakout if the price moves past the resistance zone. The projected upward curve indicates that the price could see another upward movement targeting $76,000 and higher. Key support levels to monitor include $64,000 and below, where buying interest may re-emerge to push the price back up. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
Long
by CryptoSanders9563
BTC/USDT Chart Analysis Update!!Bitcoin has continued its bullish trend within the established channel. The price faced resistance at the high of $72,000, which aligns with previous resistance areas marked on the chart. Currently, Bitcoin is hovering above a key support level, and a successful bounce off this level could take the price toward the target of $78,000, as indicated by the upward trajectory. The moving averages continue to support this bullish sentiment, suggesting that the momentum remains positive. Given the ongoing price action, traders should keep an eye out for a strong breakout or potential pullback above the resistance zone that could provide a buying opportunity at lower levels. Monitoring these levels will be crucial to understand the next significant move in Bitcoin’s price trend. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
by CryptoSanders9563
1
Bitcoin Analysis Update!!Bitcoin continues to trade within a broad ascending triangle pattern, with its recent price action showing signs of strength as it approaches a crucial resistance area. Bitcoin's moves within this pattern indicate increasing volatility, with higher highs and lows. The price is currently testing a key supply zone acting as resistance. A breakout above this level could indicate strong bullish momentum. For long entries, look for a confirmed breakout above the horizontal supply zone, targeting higher levels in the resistance zone. A stop-loss can be placed below the support of the ascending triangle to protect against false breakouts. Bitcoin's ability to maintain momentum and break key resistance levels will be key to confirming the next major move. Keep an eye on this setup and adjust strategies based on price's reaction to these levels. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
by CryptoSanders9563
BTC/USDT Analysis UpdateBitcoin has formed an ascending triangle pattern, and the price is currently testing a key horizontal supply zone. This level has historically acted as a resistance area, making it a crucial point to watch for a breakout. The triangle's upward trendline shows steady buying pressure, with the price making higher lows. Bitcoin is trying to break through this significant resistance area, which could trigger a bullish rally if A confirmed breakout above this zone, with strong volume, would suggest a continuation of the bullish trend, targeting higher resistance levels. Consider entering a long position if there is a confirmed breakout above the supply zone with a retest showing support. To minimize risk, a stop-loss can be placed just below the ascending triangle's lower boundary. Look for profit targets around the next significant resistance levels. Keep a close eye on the price action and volume to confirm the breakout, as this could set the tone for Bitcoin's next major move. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
by CryptoSanders9563
BTC Chart - Bullish / Bearish in short termBTC chart looks confusing one right now. I am super bullish in next 2-3 months. However, there are two scenarios which I would like to share with you all here could play out in short term. Scenario 1: BTC breaks down one more time from this diagonal resistance and daily 200 EMA, and get the liquidity from 50k-52k zone before moving back up. Scenario 2: BTC breaks out from this daily downward resistance, test or break the 64K zone and go back to test the 72k zone again. We need a good positive news like ETH ETF launch and institutions inflows etc. in order to go from this zone. Otherwise, we are going to test the lows first before going back up. Would love to hear other traders opinions and thoughts...
Short
by smwajeeh
3
BTC/USDT Analysis Update!Bitcoin is currently consolidating within an ascending triangle pattern, indicating potential bullish momentum. The price action suggests an attempt to break a crucial horizontal supply zone, which could act as a crucial hurdle for further gains. The formation of an ascending triangle is typically a bullish continuation pattern, indicating the possibility of an upside breakout. Bitcoin is testing a crucial supply zone, where sellers have been active previously. A decisive breakout above this zone would confirm the bullish trend. Consider a long position on a confirmed breakout above the supply zone with strong volumes. A stop-loss can be placed just below the lower boundary of the ascending triangle to manage risk. Look for potential profit targets around the next resistance levels or key psychological levels. This setup needs to be monitored closely as market volatility could increase in the coming days. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
by CryptoSanders9563
BITCOIN UPDATE !Bitcoin continues to consolidate within the descending broadening wedge pattern. The price recently faced rejection at the upper resistance level, indicating a potential downward move. The repeated rejection at the upper boundary suggests strong selling pressure at the current levels. The chart highlights multiple bearish formations, each leading to significant drops, which could indicate a similar scenario if the price fails to break out. The green trendline and the lower yellow zone are potential support areas where buyers might step in. A short position could be considered if the price is rejected at the upper resistance. Place a stop-loss slightly above the resistance zone to minimize potential losses. Target the lower support area around the $51,650 to $50,650 range for potential take-profit levels. Monitoring Bitcoin's behavior near the wedge's upper boundary is crucial to anticipate the next move. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
by CryptoSanders9563
Two scenarios for Bitcoin, will Bitcoin ATH?The last scenario I had for Bitcoin reached Target. Now the price is involved in a strong resistance zone, and there is a possibility of breaking this price zone. If you see a sell confirmation in the 1-hour timeframe, you can think about the short position. Scenario 1 is that Bitcoin reaches the price zone of 68,250 to 70,000 thousand dollars, after that we see weakness in the upward trend and enter a sell position after receiving confirmation in the 1-hour time frame. Scenario 2 is that Bitcoin breaks the price zone of 68,250-70,000 dollars and stabilizes above it and tries to break the last price ceiling and register a new ATH.
Long
by mhbaniasadi
BTC/USDT Long Update Bitcoin's price action continues to develop within the descending broadening wedge pattern, highlighting a potential bearish trend as it faces resistance at the upper levels. As indicated in the chart, the repeated rejections suggest that the price might move downward toward the support levels. Bitcoin has faced multiple rejections at the top of the wedge, each time leading to a significant downward move. The large red arrows in the chart indicate the potential risk of further downward pressure if the price fails to break above the resistance levels. If the price fails to break out to the upside, a drop towards the lower trendline of the wedge could be expected. Waiting for a confirmed breakout above the descending wedge is crucial to enter a long position. Implement a stop-loss below the lower boundary of the wedge to manage risk. If a breakout happens, monitor the key resistance zones around the $66,000 to $70,000 range for possible profit-taking. Monitoring Bitcoin's movement around these critical levels will provide insights into the potential bullish or bearish breakout. Let me know if you need a more detailed analysis! Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other altcoin. @Peter_CSAdmin
by CryptoSanders9563
1