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Bitcoinanalysis

#Bitcoin Falters and Drops 2%, BTC Bulls Find Support at $30kPast Performance of Bitcoin Bitcoin is lower when writing, dropping towards the $30k level. The sell-off stems from developments on July 6 and follows a refreshing surge to $31.3k before tumbling to spot levels. Despite traders--and the general BTC structure supporting buyers, the failure of buyers to push prices above the April high is a concern. Subsequently, the series of lower lows registered this week could fast-track the dump toward $30k or worse in future sessions. #Bitcoin Technical Analysis The path of least resistance, from the top-down preview, is northwards—but this is fast changing considering the sell-off of the past few trading days. The support zone between $29.8k and $30k is critical for now. Moreover, the long-upper wick of July 6 suggests that sellers are firm, and there could be more room for bears to press on today. Still, conservative traders can wait until there is a clear breakout below $29.8k before committing. In that case, a clean break with expanding volumes may open up BTC for a retest of $28.3k. Conversely, a recovery reversing yesterday's loss may be the base for a retest of $31.3k. What to Expect from #BTC? BTC is weak and could reverse recent gains posted in early July. At spot rates, the odds are high for more sell-off below $29.8k. Based on this formation, risk-on traders should wait for a clear definition below $29.8k, or $31.3k, before riding the emerging trend. Resistance level to watch: $31.3k Support level to watch: $29.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Bitcoin in a Bullish Formation with Caps at June 2023 HighsPast Performance of Bitcoin Bitcoin prices slipped on July 6 but remain bullish, per the formation in the daily chart. At spot rates, the coin remains within a consolidation, moving tightly inside a $1.5k zone with caps at $31.3k and $29.8k on the lower end. Technically, buyers have the upper hand, but there can be more upsides if traders shake off the current weakness and boost prices above immediate liquidation levels. #Bitcoin Technical Analysis The June 30 doji bar defines the current trade range. Even though prices increased in early July, there must be a conclusive break above $31.3k for buyers to be in control. As it is, the consolidation might offer entries for aggressive buyers loading the dips. However, being on the cautious side, conservative, risk-on traders can wait for a clean, high-volume breakout in either direction before riding. Any confirmation of buyers above $31.3k may see BTC rise to $32.5k in a buy trend continuation formation. Conversely, losses below $29.8k cancel this upbeat forecast, paving the way for sellers angling for $28.3k, and lower. What to Expect from #BTC? Traders are confident, but the failure of higher highs in the past few days has been heaping pressure on bulls and slowing down the uptrend. Nonetheless, there could be more upswings should BTC break $31.3k. Resistance level to watch: $31.3k Support level to watch: $29.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Bitcoin decline after completion of pullback(1-hour time frame)Hi everyone👋 (Reading time less than 2 minutes⏰). First, I recommend you look at the 4-hour Bitcoin chart I shared yesterday.👇 Bitcoin started to decline after contacting the upper line of the rectangle pattern ; the first support in front of Bitcoin was the uptrend line . Bitcoin managed to break the uptrend line (as I expected in yesterday's post) and started to go down and managed to break the 🟢 support zone($30,700-$30,560) 🟢 a few hours ago. Bitcoin is currently completing a pullback to the broken 🟢 support zone($30,700-$30,560) 🟢. Also, the 20 Simple Moving Average (20-SMA) went below the 60-SMA , which is a sell signal , and the resistance in front of the Bitcoin are 20-SMA and downtrend line , which has reacted well to this extreme move in the previous two minor pivots . 🔔I expect Bitcoin to fall to at least the 🟢 support zone($29,860-$29,420) 🟢 and the bottom of the rectangle pattern. Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
15
#Bitcoin Bulls Firm, Primary Support at $30kPast Performance of Bitcoin Bitcoin prices are steady and bullish despite the contraction on July 4. Overall, the $31.3k remains a critical buy trigger level. For the uptrend of June's last few trading days to continue, there must be a comprehensive, high-volume close above this level. Even so, aggressive traders could find entries to load on dips above $30k in the days ahead. #Bitcoin Technical Analysis BTC prices broke higher on July 3, but buyers failed to maintain yesterday's uptrend. At this pace, the uptrend remains despite the losses. Technically, in a bullish formation led by the July 3 bar following consolidation, traders can look to buy the dips above $30k with targets at $31.3k and later $32.5k. Conversely, conservative traders can wait for a clean break above April highs while targeting $32.5k or $35k. Any loss below $30k will slow down buyers, and BTC could drop toward $28.3k in a cool-off. What to Expect from #BTC? Buyers are upbeat, but this can change if BTC continues falling today. The uptrend remains, but there can be more gains above $31.3k in future sessions, validating the June 21 and 23 bull bars. Resistance level to watch: $31.3k Support level to watch: $30k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Bitcoin Firm, Buyers Targeting New 2023 Highs to $32.5kPast Performance of Bitcoin Bitcoin prices are firm when writing, floating above the FWB:31K level as the recent consolidation proves to be an accumulation. How fast bulls will push above $31.3k and even new 2023 highs will determine the speed of the rebound after the slowdown in the final days of the last days of H1 2023. #Bitcoin Technical Analysis From the daily chart, the path of least resistance is northwards from an effort versus result perspective. Presently, buyers have the upper hand, and this forecast holds, provided prices are floating above the $29.8k support level. Considering the expansion yesterday, traders can look for long entries, buying the dips and looking to align with the short-term uptrend set in motion by the June 21 anchor bar. As it is, BTC buyers may look for $32.5k and $35k as immediate targets. What to Expect from #BTC? Buyers are optimistic, and this holds, reading from the candlestick arrangement. Overall, the uptrend remains, and every low above $29.8k and $30k support zone provides entries for determined traders. BTC is likely to start July from a stronger footing at this pace, registering new 2023 highs. Resistance level to watch: $32.5k Support level to watch: $29.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Bitcoin Bulls Confident, Will The Uptrend Continue?Past Performance of Bitcoin Based on the candlestick arrangement in the daily chart, bitcoin prices are in a tight range. Even though the uptrend remains, the past few trading sessions have been volatile, but prices remain within the $31.3k and $29.3k zone. Therefore, the rejection of lower prices could support bulls. However, conservative traders can opt to watch price action unless there is a clear close above June highs. #Bitcoin Technical Analysis The uptrend remains since prices are above the $29.8k and $30k tight support zone. Technically, every low above this zone may offer entries for aggressive traders. Note that prices are volatile, and there are dojis indicating that the market is balanced. Nonetheless, the dropping upside momentum and the failure of buyers to press higher over the weekend cast doubt on the strength of bulls. For now, unless there is a conclusive close above $31.3k, risk-on traders can opt to keep track of price action. On the other hand, gains/losses above or below $31.3k or $29.8k, respectively, may shape the near-term formation. What to Expect from #BTC? Buyers are optimistic since the overall, medium-term trend points to supportive price action favoring bulls. Still, bulls can only commit once there are conclusive breakouts above crucial resistance/support levels in the coming sessions. Resistance level to watch: $31.3k Support level to watch: $29.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
🚨Bitcoin Falls to the bottom of the Descending Channel🚨Bitcoin managed to form a Rectangle Pattern on Saturdays and Sundays when the trading volume was low. I expect Bitcoin to react to the upper line of the rectangle pattern and the resistance line as the week begins and Bitcoin to fall to the bottom of the descending channel. Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
27
Bitcoin Analysis: Unleashing the Bullish SurgeWe predicted that Bitcoin would lead the way! Bitcoin experienced a significant upward breakout with substantial trading volume, reaching levels not seen since mid-March. This leads me to believe that Altcoins will soon follow suit. As Bitcoin gains momentum, the entire market tends to experience growth. However, it's important to note that when Bitcoin temporarily pauses or retraces, Altcoins tend to see a surge in value. It's crucial to keep in mind that market fluctuations, shakeouts, and volatility are all part of the journey towards higher prices. Remember that the overall trend is characterized by higher highs and higher lows, indicating long-term growth. Although Bitcoin is currently exhibiting a bullish trend, it's worth considering that we might still witness a significant correction or consolidation phase before the next full-blown bull market emerges.
COINBASE:BTCUSDLong
by SafeCryptoSignals
#Bitcoin Bulls Firm, BTC Stuck in a Choppy Sideways ConsolidatioPast Performance for Bitcoin Based on the performance in the daily chart, bitcoin prices remain volatile and choppy. Even though the primary trend remains northwards, there are hints of weakness, looking at the candlestick arrangement. The only positive is that sellers have been unable to break below the $29.8k and $30k primary support. The $31.3k is a liquidation level to watch out for. #Bitcoin Technical Analysis The uptrend remains, and prices are inside a bull flag, looking at the performance in the daily chart. The consolidation remains, but the breakout direction would shape the short-to-medium-term trend. For now, conservative traders can wait until there is a clear trend definition, aware that gains above $31.3k would likely pump the coin to $32.5k or better. Conversely, sharp losses below $29.8k invalidate the current preview, possibly allowing the coin to retest $28.3k and later $27k. What to Expect from #BTC? Buyers are optimistic, but the current formation points to balanced price action. The overall trend, set by events in the last weeks of June, dictates price action. Aggressive, risk-off traders may load as prices move sideways, aligning with the primary trend if prices are above $29.8k. Resistance level to watch: $31.3k Support level to watch: $29.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Bitcoin Consolidates, BTC Resistance Remains At $31.3kPast Performance of Bitcoin At spot rates, there is nothing to write home about BTC. Prices remain within a consolidation, moving below $31.3k and above the primary support zone at between $29.8k and $30k. Even though buyers are optimistic, the rejection of higher highs can be a concern for bulls. Still, with prices consolidating horizontally, the breakout direction could shape the short-to-medium-term trajectory. #Bitcoin Technical Analysis Buyers are confident; every low should theoretically provide entries for buyers targeting $31.3k or better. The rejection of higher prices on June 28 was with light volumes. Therefore, the uptrend remains from an effort-versus-result perspective unless there are deep losses below $30k. Conversely, there could be a reprieve if there are gains above $31.3k. Before committing, conservative, risk-on traders can wait for definitive, high-volume breakouts above/below $31.3k and $29.8k, respectively. What to Expect from #BTC? Traders are closely watching how price action unfolds in the daily chart. As it is, the path of least resistance is northwards at least from a top-down preview. Even so, the weakness in the recent retracement questions the strength of buyers. Therefore, while bulls remain in control, a break below last week's lows could define the immediate trend for Bitcoin. Resistance level to watch: $31.3k Support level to watch: $29.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1
BITCOIN's situation+next targets and expected movements!!❗The BTCUSDT is in a Bullish phase by reaching a PRZ zone. ➡️The Major support for the daily time frame will be 28300$ or between the 0.5 to 0.618 fib level. ➡️Short Term Resistance are 31k to 31.300$. ➡️ Bitcoin and the market is bullish, but it needs corrections to the right points to form bases and the next movement step. ➡️Also Bitcoin created Double top in daily time frame that's very important. 🌟 Bullish signals in the PRZ area are: - Support zone -Double Top ⭐ Note if the PRZ is broken downwards with the strength of Bearish candles from the bottom , this analysis of ours will be failed. ⏮️Previous Analysis: ✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
by CobraVanguard
28
#Bitcoin Soaks Selling Pressure; Will BTC Rally Above $31.3k?Past Performance of Bitcoin Bitcoin is roughly 20% from June 2023 lows and resilient, soaking selling pressure, looking at the performance in the daily chart. Even though there were attempts for lower lows, prices are firm above the $30k psychological level and $29.8k. Meanwhile, the coin is defying selling pressure and may break above $31.3k in the days ahead in a buy trend continuation formation. #Bitcoin Technical Analysis Traders are upbeat, but BTC, at the moment, remains inside a horizontal range with caps at $31.3k and $29.8k support. Unless there is a comprehensive, high-volume close above last week's highs, conservative, risk-on traders can wait for trend definition. Only after then can they search for loading entries to buy on dips in a buy trend continuation formation that could lift BTC towards $32.5k. Even so, BTC remains within a bullish formation, and the contraction from last week has formed a minor bull flag. The uptrend will be valid if prices are inside the June 21 to 23 trade range. What to Expect from #BTC? Risk-off traders can load on dips, expecting Bitcoin to resume the uptrend. Traders are bullish, but this can change if the upside momentum is not sustained above the $29.8k primary support level. Resistance level to watch: $31.3k Support level to watch: $29.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1
#Bitcoin Uptrend Holds, Bulls in Charge above $30kPast Performance of Bitcoin The uptrend is slowing down, but buyers have the upper hand despite the contraction. As it is, BTC buyers are trending at around 2023 highs and can edge even higher above FWB:31K and to $35k in a welcomed expansion. The immediate support is at $30k, while the buy trigger is $31.3k. A conclusive close above last week's high and strong rejections of lower lows from spot rates could propel the coin to new H2 2023 levels. #Bitcoin Technical Analysis The path of least resistance is northwards, and bulls, despite the rejection of higher highs, have support above $30k and $28.3k on the lower end. The June 21 high-volume, wide-ranging bar anchors the current formation. Since recent bear bars have light volumes, every low above $30k and, ideally, $28.3k are entries for aggressive, risk-off buyers targeting $32.5k. This forecast holds from an effort-versus-result perspective. It will be null only once there are sharp losses below $28.3k at the back of expanding volumes exceeding those of June 21, the leading bar of the current formation. What to Expect from #BTC? Buyers are optimistic and pumped by fundamental factors. This confidence holds provided prices are trending above immediate support levels and the lower low bars are with light trading volumes. Any upswing above last week's highs could propel BTC to new 2023 territory. Resistance level to watch: $31.3k Support level to watch: $29.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
$BTCUSD - MetaSignalsPro - NEUTRAL👉 My Trade Plan / Next Move -------------------------------------------------- ⛔ No Trade for me in this situation ✔️ Possible small SHORT 🎯 Next possible target : 29 300 -------------------------------------------------- 📌 Main Time Frame H1 -------------------------------------------------- 👉 TrendDOWN : ON ⌛️ Watch the breakout of the RealTime TrendLine 🎯 Fibo 23.6 should be tested first 📌 Upper Time Frame H4 -------------------------------------------------- 👉 TrendUP - ON 👉 BreakOut of the RealTime TrendLine: DONE ⌛️ Probable PullBack in the Blue Cloud 🎯 29 300
BITSTAMP:BTCUSD
by MetaSignalsPro
#Bitcoin at 2023 Highs, will BTC hold above $30k?Past Performance of Bitcoin Bitcoin remains in an uptrend despite liquidity shrinking over the weekend. From the daily chart, the path of least resistance is definite and northwards. Even though there are hints of weakness, bulls may look to buy above the $29.8k and $30k area, searching for entries for a retest of $31.3k or better in future sessions. #Bitcoin Technical Analysis Bitcoin is trading at around 2023 highs following sharp gains from June 20 to 23 at the back of expanding volumes, as visible in the daily chart. Subsequently, traders can continue looking for entries on dips, aligning with the primary trend established last week. Notably, the coin is within a bullish breakout formation, syncing with March to April gains. The anchor remains at the base of June 2023 lows at around $24.8k. Meanwhile, any retest of $30k or even $28.3k could be areas of loading if there is a retracement from last week's peaks. The immediate target is at $31.3k, later $32.5k, and $35k if bulls press on. What to Expect from #BTC? Traders are optimistic and fundamental factors could pump the coin to new highs. Even so, for now, the rejection of higher highs over the weekend could translate to retracements. Immediate support levels remain $29.8k and $28.3k on the lower end. Any expansion above last week's high could trigger more demand, pushing BTC to 2023 highs. Resistance level to watch: $31.3k Support level to watch: $29.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Bitcoin will go UP by 💎Diamond Pattern💎(15-min)Bitcoin followed the Downtrend line in the recent decline. Also, Bitcoin succeeded in forming a 💎 Diamond Pattern 💎, which can be a sign of the failure of the downtrend line to the top. I expect Bitcoin will go UP to at least the previous top and even a bit more. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
11
Bitcoin Analyze (Road Map, 06/23/2023)!!!🗺️(15-min)Bitcoin confirmed the end of the main wave 4 after the Sharpie move today. Bitcoin is currently completing main wave 5. It seems that wave 4 of the main wave 5 will have a zigzag(ABC/5-3-5) structure so that the end of wave C can end in the 🟡 Price Reversal Zones(PRZ) 🟡. 🔔So, confirming the end of microwave 4 from the main wave 5, I expect Bitcoin to rise at least to the 🟡 yellow area 🟡 I marked on the chart. ❗️ Note ❗️:❌Below $30,256 , the scenario will change❌ Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
22