Bitcoin was unable to continue its growth trend, which began in May through the range of $72000-74000. Buyers were not even able to update the previous local high and were immediately hit back: Buyers were unable to hold the local range of $68000 to continue the upward wave from May. And the worst part is that bitcoin's decline is happening on small...
Bitcoin is designed to grow forever and works like the US500 but only with higher volume. BTC volume is incredible and I won't be surprised if we see 100k++ within 3 months or summer. 3-17 June 2w closes in green!! More details on the MD channel or in future updates. I wish you success and see you at the top! MD
Please see previous btc ideas for more context ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the...
As you can see Bitcoin is trying to bounce from the support area i drawed yesterday. Nothing new for us, and i want to see a lower low as a confirmation of a possible reversal pattern. I am entering long now with a tight stop just below local bottom targeting the 70K area. Will keep updated
The formation of a rising pattern is about to end, it could be a flag, which could take us to 77K , if its not a flag we can go lower but at the end bull trend is intact.
Overview: This analysis looks at the historical and projected price movements of Bitcoin (BTC/USD) on a weekly chart. Historical Price Movements: 1. First Major Rally (2016-2017): - Growth: 4,499.77% - Price Increase: From ~$430 to $19,439 - Duration: 86 bars (602 days) 2. Second Major Rally (2020-2021): - Growth: 1681.18% - Price Increase: From...
This looks like the most interesting long setup in crypto mining should the opportunity present itself. In the short term, I think price will likely continue up into the $1400-1500 range. If price can't break through that level, I think it'll be a great short. If you look at the correction so far, we've only had 2 legs down, I think the 3rd is yet to come which...
H1 - Strong bearish momentum Most recent uptrend line breakout Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Firstly, I'm still bullish. However, Right now we have btc at 70k. according to analysis price need a pool back and then we can consider a buy order until 76k to78k.
Hi fellow traders, BTCUSD will be ready to make a move higher from the blue box after it completes the flat correction. Target the 79219.46 level. Good luck and trade safe!
No one can destroy our love for Bitcoin. *BTC will not drop below 60k and NEVER *Very similar to 2016 *Designed to grow forever(us500) * BTC ETF, Only++++++ *450k More information in future updates. MoralDisciple
OKX:BTCUSDT has created a classic Head & Shoulders pattern on the daily timeframe. If it confirms below the neckline, we could see a pullback to $60,500 - the same distance from the peak of the Head to the neckline from the breakdown. This is not actionable until it confirms, when a candle closes lower than the first candle closing below the breakdown. Given...
The trend is still our friend. I still see bullish developments in the price action. We must have patience. Dips still must be bought. The plan hasn't changed. We still aiming for that time period of 9 -15 months post #BTC Halving. We are only one month down :)
Bitcoin long-term chart analysis In 2013, the price of Bitcoin broke its previous ATH and moved approximately 3700% after the breakout. In 2017, Bitcoin's price increased by over 1450% after breaking its previous ATH. In 2021, Bitcoin's price rose by more than 250% after the previous ATH breakout. This year, the price broke the 2021 ATH. We can expect a bullish...
Bitcoin’s price has been having difficulty approaching its all-time high of $75K and is still consolidating. On Friday, the cryptocurrency tanked below $70K, and if the current level supporting the price breaks down, an even deeper correction could be expected. Looking at the 4-hour chart, things seem tricky for Bitcoin. An ascending channel is currently being...
Recently, Bitcoin has experienced significant volatility, sharply declining after the flash crash on June 6. Prices fell from the $72,000 level to below $70,000, leading to substantial selling pressure. However, positive trends can be seen in the market as U.S. ETF issuers are buying a lot of Bitcoin, which boosts confidence in the long-term outlook of the...
Bitcoin (BTC) ended last week with a whimper, failing to decisively break out of a bullish technical pattern and overcome key resistance levels. This has left many investors questioning the short-term trajectory of the world's leading cryptocurrency. After a price drop on Friday and a lackluster weekend, what can we expect from Bitcoin in the coming days and...
Just like USDT Dominance, US Dollar Index (DXY) has a somewhat inverse correlation with Bitcoin's direction. If we look at the DXY historically, whenever the DXY was in a downtrend or sideways movement, Bitcoin was in an uptrend. Also, whenever the DXY was in an uptrend, Bitcoin was in a downtrend. Simply put, if the DXY goes up, that means the U.S. dollar is...