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Bitcoinanalysis

#Bitcoin Recoils from $18.5k Liquidation Line on Inflation FearsPast Performance of Bitcoin Bitcoin prices are down roughly seven percent from this week's highs. After a welcomed surge, lifting the coin towards $18.3k, BTC crashed on December 15. Nonetheless, prices are still within the December 13 bull bar placing buyers at a lead. Even so, in the days ahead, if BTC sellers flow back, forcing the coin lower, the bullish preview will be nullified. #Bitcoin Technical Analysis The path of least resistance in the short term is northwards. This position, regardless of the last three days' formation, has seen the coin expand and then dump from critical resistance. Presently, there is a three-bar bearish reversal formation with resistance at $18.5k. The December 14 pin bar has been confirmed with a bear bar following yesterday's drop. If BTC floats higher from spot rates, buyers will find relief, an opportunity for the aggressive ones to double down. Note that prices are trending roughly around the support at $17.5k. Further losses below $17k will, however, call into question the strength of the uptrend. What to Expect from #BTC? Bitcoin is dropping mainly because of fundamental factors. The U.S. FED expects even worse macroeconomic conditions in 2023. In the short term, losses below $17k will slow down the uptrend, swinging price action in favor of sellers. Resistance level to watch out for: $18.5k Support level to watch out for: $17.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Bitcoin(BTC/USDT) Heading Towards Bearish Yearly Close In the Analysis, Lets have a look at the Year-end targets for the Bitcoin price. Observations: -Bitcoin price trend remains more or less stagnant and consolidated below $18,000 -The strength of the rally appears to be weak due to which the buying volume is also failing to sustain the price above the gained levels -The BTC/USDT price is testing one of the pivotal resistance levels at the 50-day MA levels at around $17,800 -RSI faced a minor rejection but continues to be within a bullish trend Projections -If the BTC/USDT price fails to regain bullish momentum and rise above the 50-day MA levels, then it may again enter the bearish triangle that may lead the price towards the lower support. - Even though the price ignites a rebound, it would be after it registers a bearish close for the year 2022 -Besides, the Bitcoin price has ignited a recovery which currently appears to be minor with less bullish volume. This may hinder the rally's progress in achieving the immediate resistance levels above $18,700 by the end of the year -However, the RSI is incremental and hence a notable upswing may be imminent The Bitcoin (BTC) Price Prediction for the end of 2022 could be around $18,500 to $19,300.
by Coinpedia-Market-Insight
WEN 10k BTC?We may have to move February's flash crash too June.... anticipate a slow rolling crab market that see's gradual capitulation over time as consumers are roiled alive by inflation. Less new money is entering, and others are exiting ahead of a potential market collapse. Rents are being raised to cover increases to homeowner mortgages. It is what it is... There are other more desireable start ups doing actual business. You may be safer in small cap startups that produce an ebita.
Short
by BIG-BLACK-CRYPTO
#Bitcoin Floats to $18.3k before Closing as a Pin BarPast Performance of Bitcoin On December 14, Bitcoin briefly rose to register a monthly high of $18.3k before pulling back to stop levels. The good news for buyers is that prices are above the $17.5k level. Moreover, BTC remains within a bullish breakout formation as buyers take charge in the short term. In the days ahead, traders can look for entries to swing, targeting the next critical resistance level at $18.5k. #Bitcoin Technical Analysis Bitcoin is bullish, trading in a bullish breakout formation with identifiable caps at $18.5k on the upper end and $17.5k on the lower end. As long as prices are above $17.5k, there is an opportunity for traders to initiate longs on dips, targeting $18.5k and later $20k in a bullish continuation formation. However, it should be noted that the December 14 bar closed as a pin bar with a long upper wick. This points to strong liquidation as the day came to an end yesterday. If prices fall and BTC remains confined within the November 9 bearish engulfing bar, sellers will remain in control in the medium to long term. What to Expect from #BTC? Traders are upbeat, expecting more gains in the short term. All the same, BTC remains within a bearish formation, trending inside a bearish engulfing bar as sellers struggle to break above $18.5k decisively. Therefore, while there could be expansions in the short term, there must be substantial gains above immediate liquidation levels. Resistance level to watch out for: $18.5k Support level to watch out for: $17.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
2
Bitcoin – liquidity collection will cause the dump!Hello, everyone! The target from the previous article has been reached and I think that Bitcoin will not grow above the current price. The upside correction has been finished and now it’s time to see the new deep dive. Let’s take a look at the 4h timeframe of the BTCUSDT chart of the WhiteBit exchange. I made a mistake with the short entry point at $17300 because I supposed that wave C have been finished there, but wave is extended and I decided to not close the short trade, I told about it yesterday in short update. Now I consider the reversal point, may be we will see one more local pump but it will lead to more severe crash. $18200 was the magnet zone because of liquidity of short traders. Now there are no any significant liquidity above, but we have a ton of liquidity below, I suppose the next impulsive bearish wave will collect this liquidity next couple of months. Best regards, Ivan
Short
by Skyrexio
10
#Bitcoin Rallying, BTC Bulls Target $18.5kPast Performance of Bitcoin Bitcoin powered above $17.5k on December 13, breaking key liquidation lines. With BTC rallying and buyers' belief cemented, there look to be more opportunities for upsides in the days ahead. Because of this, traders can look for entries to ride the December 13 breakout, loading the dips and targeting $20k in the days ahead. #Bitcoin Technical Analysis Bitcoin is within a bullish breakout formation. The consolidation of the first two weeks of December is proving to be an accumulation, a net positive for optimistic traders. A notable observation is that the breakout above November 30 high is the spike in trading volumes. With bulls in charge, traders can load on dips above $17.5k and November 30 high, expecting more gains ahead in continuation of the surge of late last month. At this pace, the next target stands at $18.5k, marking November 9 high. What to Expect from #BTC? Buyers are upbeat, but the formation is bearish from a top-down preview. Even though bulls are confirming buyers of late November, prices are within the bearish engulfing bar of November 9. This, therefore, qualifies bears from an effort versus result perspective. Resistance level to watch out for: $18.5k Support level to watch out for: $17.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Bitcoin Breakout! Big Support Resistance Levels to Watch!Bitcoin finally broke above the 4h 200 EMA and horizontal resistance at $17,300! This was a HUGE step for BTC since that level has acted as resistance for some time now. Now the question is, where do we go from here? The big levels to watch are the top of the channel at $18,000 and the MAJOR resistance at $18,700. I'm expecting Bitcoin to at least retest the support at $17,640 before continuing higher. If it breaks through that support, then the next MAJOR level is the 200 EMA and horizontal support combined with the bottom of the channel at $17,300. These would be great levels to DCA (dollar-cost average) if it gets there. If you enjoyed my TA or had any questions, please comment below or send me a DM :)
Long
by CryptoScripts
#BTC/USDT Geopolitical Factors or Manipulation?Welcome to this Quick BTC Update. A close below $16588 will trigger a bearish rally toward $15k. I see a bullish rally in the charts with a target of $18k+. BTC is currently hitting the support with a demand zone from $16500 to $16800 level. The Russia-Ukraine war is back again, recently 100 missiles were fired again. This has been going on for a long time. The FTX saga is over, there's no more pain IMO which is bigger than the FTX. I AM ACCUMULATING. Good thing, we closed 75% of our 7 altcoin positions in massive profit when BTC was trading above $17.2k. 25% stopped out with a low profit. Only CHZ was stopped out with a small loss. You were warned on multiple platforms. Check out if you haven't yet. Not Financial advice, DYOR! Do hit the link button if you want to support my work as it motivates me to post more setups and updates like these. Thank you #PEACE
Long
by Cryptorphic
7
#Bitcoin Consolidates for 13 Days Inside a $2k Trade RangePast Performance of Bitcoin Bitcoin remains in consolidation, with bulls hopeful of a shift in trend in their favor. This forecast is because of the coin's trend inside the November 30 bullish engulfing bar. Since bulls are holding price action inside this bar, there could be more room for upsides in the short term. However, this largely depends on how prices react at critical liquidation levels. #Bitcoin Technical Analysis Bitcoin is technically bearish in the medium to long-term preview. However, there are signals of strength in the short term. Since the beginning of December, prices have been in range inside the November 30 bull bar with clear limits at $17.5k. Unless otherwise, BTC break above $17.5k, confirming gains of late November, sellers will remain in charge. Conversely, any confirmation of late November 30 gains will see BTC fly towards $20k as anxious buyers propel the coin. What to Expect from #BTC? Sellers are in control at spot rates from a top-down preview. This outlook will come to pass should BTC slide below $16.5k and the current range as sellers of early November 2022 flow back. Resistance level to watch out for: $17.5k Support level to watch out for: $16.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
BTC Daily TA Neutral BullishBTCUSD daily guidance is neutral with a bullish bias. Recommended ratio: 52% BTC, 48% Cash. *Markets rallied on hopes for a lower US November CPI tomorrow morning and if it's lower than in October expect for a continued rally in Cryptos and US Equities; however, if it's higher then a sharp downturn is likely. The last FOMC rate hike of 2022 will be following the day after on 12/14; if it's 50bps then a short-term rally is likely, whereas a 75bps rate hike would likely be bearish. SBF was reportedly finally arrested today in the Bahamas after pulling out from his agreement to testify to US Congress , he will be held in the Bahamas until a formal request for US extradition is made. The EU has placed sanctions on Iran for supplying Russia with drones for their attack on Ukraine in addition to their violent response to social protests . Cryptos, US Equities, Commodities, VIX, Short-Term US Treasurys, GBPUSD, EURUSD, JPYUSD and NI225 ended today's session up. DXY, Long-Term US Treasurys, US Equity Futures (aside from NASDAQ), CNYUSD, HSI and N100 finished down. Key Upcoming Dates: US November CPI 830am EST 12/13; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14; Next GDPNow US Q4 GDP estimate 12/15; US November New Residential Construction at 830am EST 12/20; US Final Q3 GDP Estimate at 830am EST 12/22; US November PCE Index at 830am EST 12/23; UofM Consumer Sentiment Index at 10am EST 12/23. * Price is currently trending sideways at $17100 for a twelfth consecutive session as it approaches a retest of the 50MA at ~$17800 as resistance. Volume finished today's session Moderate (moderate) and broke a three day streak of seller dominance. Parabolic SAR flips bearish at $15700, this margin is neutral at the moment. RSI is currently trending down slightly at 50, the next resistance is the upper trendline of the descending channel from January 2021 at ~58 and the next support is at 42.41. Stochastic remains bearish and is currently on the verge of crossing over bearish at 88.29 support. MACD remains bullish and is currently trending sideways at -101, it's still technically testing -232.42 resistance. ADX is currently trending down slightly at 24 as Price continues to trend sideways, this is neutral at the moment. If Price is able to breakout then it will have to get above the 50MA at ~$17800 as resistance before it can potentially test $19417 resistance . However, if Price breaks down here, it will likely retest the local low of $16200 as support before potentially retesting the uptrend line from March 2017 at $15800 as support . Mental Stop Loss: (one close below) $16800.
COINBASE:BTCUSD
by dailytaguy
Bitcoin - Structural WeaknessIn this study I point out a few of the artifacts in the BTC chart that provide a view of the structural weakness in Bitcoin while hinting at a target end of the bear market. The major elements are: A broken uptrend today of the recent rising channel (pink) at the same time as the larger declining channel (black) intersects its support line, demonstrating its dominance, following a bearish inside bar that projects price weakness. A confluence of intersections occurring most interestingly at $12k between December 22 and 23, with 2x of the previously described declining channel (solid blue) with the 0.618 support line of the primary Bear Market declining channel (dotted blue), with the 1x projection of the primary C-wave projection (1x the A-wave) and a line of untested support from the end of August 2020. The RSI is testing its upward trendline and the MACD is rolling over. (Notably, on every occurrence when both of these have crossed bearish, the market has had a precipitous decline.) Meanwhile, my Elliott Wave count projects that we are in the final minor leg of the last intermediate downward impulse within the C-wave of the primary ABC correction defining the Bear Market. What do you think? Is it just Apophenia on my part, or does the confluence of all these factors demonstrate structural weakness and project that a final decline to the bear market low is imminent?
Short
by Crypto-Swing
1
BTC NEXT 180 DAYSIn the last analysis, I pointed out how the course behaved by forming flags that ended in successive declines. Currently, I am looking at the chart from a broader perspective, and there you can see the potential range of declines. Below these values #btc falls out of the upward channel. I know that some people, are very much in love with #btc and believe more than anything that their cryptocurrency will only grow. personally, I think that the potential is very high BUT the current macro economic situation should be taken into account. Many do not seem to notice this at all.... We currently have 22k cryptocurrencies on Coingeco, consider if and who needs that much. In my opinion, someone will flush it down the toilet to clear the market and a new market will be created on these foundations. P
BITSTAMP:BTCUSDShort
by avanty3
7
#Bitcoin Accumulation Continues as BTC Firm above $16.5kPast Performance of Bitcoin There is more to yearn for from the Bitcoin price action. Although there are hints of strength, prices are flat. From the daily chart, buyers appear to be in control. However, BTCUSDT is essentially consolidating, trapped inside a $2k range with caps at $17.5k and $15.5k. With the coin relatively higher, there must be substantial gains above or below these limits for proper trend confirmation. #Bitcoin Technical Analysis Bitcoin bulls are confident. All the same, there must be a clear trend for traders to commit. Presently, BTC prices are consolidating. Depending on the breakout direction, bulls will either surge, building from November 2022 lows. As reiterated, there must be a defining breakout above $17.5k or, safely, the $1k zone above $18.5k with rising trading volumes. If not, bears from the better part of the year, pronounced especially in early November 2022, will remain in control. If BTC falls below $16.5k, it could sink further to November lows, pressuring traders. What to Expect from #BTC? Traders are closely monitoring the BTC price action. As it is, sellers are in charge, and the coin is in consolidation. It is bearish from an effort versus result perspective unless there is a clear breakout above critical support or resistance levels. Resistance level to watch out for: $17.5k Support level to watch out for: $16.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1