Bitcoin (BTCUSD) followed the medium-term June bearish forecast and as we projected on the following 2 analyses (see charts below), made the expected correction on the Support Zone around 60k: Now the market has entered into a medium-term buy opportunity again and once we get confirmation from the 1D MA200 (orange trend-line), it will be a long-term one...
daily analysis is same Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.
#ZCX #Analysis Description --------------------------------------------------------------- + Price is heading towards the strong support zone, this support held for long time + Expecting the price to bounce back after hitting this support zone + You can enter the position now, or when it hits the support. + SL is below the support...
#SUI/USDT #Analysis Description --------------------------------------------------------------- + SUI has broken out and is heading towards a strong bullish trend. + This presents a great opportunity for a long trade. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 1.0954 Stop...
#UNI/USDT #Analysis Description --------------------------------------------------------------- + UNI's price is currently moving towards the resistance level around $14-$16. + If this resistance is broken, the price could head towards the next resistance around $30. + The subsequent resistance level is around $45, which is UNI's previous all-time high...
#XMR/USDT #Analysis Description --------------------------------------------------------------- + The price has hit the resistance level and appears to be rejected from it (confirmation will come once the candle closes). + We can consider entering a long trade once the price retraces. + There is good potential in the bull run if the price bounces back after...
The current trading price of Bitcoin against USDT is $60,021.58, reflecting a recent decline of approximately 5.04%. The chart displays a complex scenario with multiple key technical levels. Key Support and Resistance Levels: Resistance 1 (R1): $67,117.47 - This level represents a significant resistance, which Bitcoin struggled to overcome in recent...
I've been watching this bearish M-Pattern for some time, and I still believe this is a multi-month playout towards a new ATH: This lines up with my initial correction target using Elliot Wave Theory: We see a very clear Double Top play out in the Total Chart, also indicating that it's time for a correction: HOWEVER - I expect the bulls to be ready and sweep...
REACH is forming a nice bottom structure which reminds me of BONK before take-off. Also the RSI is printing higher highs on the daily since the beginning of May. The volume is going up, whales are accumulating for sure. With only $2.5 Million fully diluted marketcap and 100% of the coins in circulation this AI web3 social-fi protocol could surprise a lot of people...
We observe that Bitcoin is currently consolidating within a broad range, showing no significant trend changes, and remaining in a choppy market. We identify an ascending channel pattern that has yet to be completed, approaching its lower channel support. Within this channel, the price is nearing important demand zones, indicating potential buying interest. Now we...
If 67k is lost and not reclaimed, Bitcoin may target a drop down to ~63k and then 60-61k (around 60.6k). This relates to a couple of other charts previously posted: A smaller double-top on the 4 hour chart that is already confirmed and hit TP 1, which is likely headed towards TP 2: A daily chart that is targeting 73-75k if it can hold 60k:
In less than one month it will be 6 months when CRYPTOCAP:BTC topped. Historically, this has been an important time frame for the asset. #Bitcoin is getting to the major support level faster than anticipated, yellow line. The time between big cyan colored arrows is IMPORTANT. #BTC close to oversold & TONS of $ has been taken out. Getting closer to a bottom.
BTC underwent a serious correction, which is far from OVER in LONG TERM view. However, as per my EW count, I think we are ready for a rally, even to a NEW ATH. Current EW Count was closely monitored for few weeks and updated accordingly, Further, I personally believe, we are Ready for a MINI ALT COIN SEASON to complete the market cycle in most of the ALTs. Be...
As we know BINANCE:BTCUSDT couldn't break old High which is at 73750, now trading at 61k. I was focusing at 61k-63k range to look LONG-FUTURES trade but looks like BINANCE:BTCUSDT is shifted other way and much possible to check 53k area. There is a valid Order Block zone between 57k-59.5k. But as I mentioned earlier BINANCE:BTCUSDT more likely to hit 53k in...
By analyzing the Bitcoin chart on the weekly (logarithmic) timeframe, we see that recently Bitcoin corrected to $64,000. After that, BTC experienced renewed demand and is currently trading around $66,000. There are two potential scenarios for Bitcoin in my opinion: • The price could start rising from this level, with the next targets being $72,000, $77,000,...
In the daily timeframe, Bitcoin is navigating within a defined trading range, characterized by a descending channel with a gentle slope. This pattern suggests a period of consolidation following the substantial bullish momentum observed earlier in the year. The channel's boundaries are formed by resistance around the $73,000 level and support near $60,000. The...
Bitcoin Technical Analysis The price has reversed and stabilized in the bearish zone, targeting 62400. A break below this level could extend the bearish trend towards 59950. Bearish Scenario: As long as the price remains below 64905, the bearish trend is expected to continue, with the first target at 62410. A break below this level could lead to the next...
BTC Price Perspective: As of now, the dominance of Bitcoin (BTC) in the crypto market is quite close to the cycle top at 56%. Based on previous trends and current market observations, I am anticipating this to reach around the 57-58% mark before experiencing a rejection, much like the last two cycles we've seen. In the first cycle, BTC dominance was at its peak...