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New HBO Documentary Hints at Identity of Bitcoin InventorMarket Update - October 11th 2024 Takeaways HBO documentary seeks to unveil Satoshi Nakamoto’s identity : HBO released a documentary, “Money Electric: The Bitcoin Mystery,” on Tuesday that suggests an early Bitcoin developer named Peter Todd invented the cryptocurrency. Crypto.com has filed a lawsuit against the SEC after receiving a Wells notice, claiming the agency has overextended its authority : The lawsuit challenges the SEC's stance that most cryptocurrencies are securities and the agency's regulatory practices. Bitcoin's price pulled back this week : The US Department of Labor announced that inflation rose 2.4% year-over-year in September, slightly above analyst expectations. Crypto reacted negatively to the news, with bitcoin dropping back below $60,000. US spot bitcoin ETFs saw $18.66 million in net outflows on Tuesday, led by Fidelity’s FBTC, which recorded $48.82 million in withdrawals : BlackRock’s IBIT was the only ETF to see inflows, with $39.57 million entering the fund. The head of Hong Kong’s Securities and Futures Commission (SFC) says the body plans to approve more crypto exchanges before the end of 2024 : The news comes after the regulator received criticism for implementing a strict approach to licensing. New HBO Documentary Suggests Peter Todd is Bitcoin’s Founder An HBO documentary, “Money Electric: The Bitcoin Mystery,” released Tuesday hints that early Bitcoin developer Peter Todd is the cryptocurrency’s founder and man behind the pseudonym Satoshi Nakamoto. In a clip late in the documentary, Todd denied he is the founder of Bitcoin and continued to deny it in a subsequent interview with Coindesk and other media outlets. The film provided minimal concrete evidence that Todd created Bitcoin, but focused instead on his technical skills, his love of cryptography, and his relationship with Adam Back, the Blockstream CEO and investor of Hashcash. "Money Electric" director Cullen Hoback also pointed to a 2010 forum post from Satoshi Nakamoto in which Todd responded, arguing that Todd had forgotten to switch his accounts and his post was a continuation of Satoshi’s original post. "This is going to be very funny when you put this into the documentary and a bunch of bitcoiners watch it," Todd said in the documentary clip while standing alongside Back. "I suspect a lot of them will be very happy if you go this route because it's yet another example of journalists really missing the point in a way that's very funny." This is not the first time Hoback has made a documentary film about trying to uncover the identity of a secretive figure. For his 2021 HBO documentary “Q: Into the Storm,” Hoback spent three years attempting to find the creator of Qanon. Crypto.com Sues SEC After Receiving Wells Notice Crypto.com has officially sued the SEC after the company received a Wells notice from the regulatory agency, which typically precedes enforcement actions. The platform said the SEC's continued regulatory enforcement against crypto companies forced them into taking legal action. According to Crypto.com, the SEC is unjustly expanding its jurisdiction over digital assets by labeling most cryptocurrencies as securities. The lawsuit is part of a broader industry pushback against the SEC's regulatory approach, which many crypto companies claim is outdated and unsuitable for digital assets. The platform is far from the first to take such legal action; Coinbase and Consensys have also previously sued the SEC, similarly challenging the agency’s stance on categorizing cryptocurrencies as securities. The SEC has reiterated the need for crypto exchanges to register with the agency, while firms argue that current regulations are impractical for the digital asset sector. 🌉 Topic of the Week: What is Bridging? ➡️ Read more here
GEMINI:BTCUSD
by Gemini
BTC/USDT 4H Trade Setup: Potential for Bullish ContinuationBitcoin’s 4H chart shows a potential bullish continuation after a healthy retracement. The market has pulled back into a key support zone, providing an opportunity to enter this trade with a favorable risk-to-reward ratio. The setup aligns well with the optimism surrounding the month of October, often referred to as “UPtober,” where historical data has shown strong price action for BTC during this period. Technical Analysis: • Price has retraced to a key Fibonacci zone, signaling a potential buy opportunity. • The FibCloud indicator shows price maintaining above key support levels, with a bullish breakout being tested. • Volume is picking up, indicating growing interest at this level, which could push the market higher. Risk Management: Given the volatility of BTC, managing risk is crucial. We are placing stop losses just below the last significant low to protect capital in case the market fails to break higher. Stay alert, and let’s see how this setup unfolds. UPtober could live up to its name! 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_
🔥How much can the Crypto market capitalization grow by 2025🔥Today we want to share with you our observations and thoughts on how the total capitalization of the crypto market can grow in the future. You have probably already noticed that in all markets the history of market participants' behavior and, accordingly, asset prices is cyclical. The cryptocurrency market is no exception. Here is a global chart of the total capitalization of cryptocurrencies in different periods of the market. Despite the fact that in different periods there were different factors of growth or decline of the cryptocurrency market, such as the ICO alt-season 2017 and the bear market 2018 or the DeFi boom of 2020-2021 and the current exhausting market's decline. There is a clear cyclicality (of course, a statistical error of 1-2 weeks over such a long period of time is acceptable) So, 1 candle or bar on the chart is 1 trading week and that's what we have: from the high of 2017 to the low of 2018 - +/- 49 weeks have passed from the high of 2021 to the low of 2022 - +/- 52 weeks have passed (of course, if an absolute annual minimum was recorded last week) from 2017 high to "BTC halving 2020" 123 weeks have passed from the high of 2021 to "BTC halving 2024" may take +/- 125 weeks (the approximate date is April 2024, but the date may move, depending on the capacity that will be connected to mine BTC blocks. Halving will take place on block 840000) after "BTC halving 2016", the crypto market maintained a rapid growth trend for 77 weeks after "BTC halving 2020", the crypto market maintained a rapid growth trend for 78 weeks after "BTC halving 2024", we project a rapid growth trend of 79 weeks. Accordingly, the future growth trend in the cryptocurrency market may reach its maximum around the middle of autumn 2025. We also designed 2 fractals of a possible path of growth of the total capitalization of the crypto market. The white fractal indicates growth with a maximum value of +/- $13 trillion. The blue fractal indicates growth with a maximum value of +/- $26 trillion. In order to understand whether it is a lot or not, we will give you some examples of the current capitalization of certain markets: SP500 +/- $33 trillion Gold +/- $11 trillion Silver +/- $1 trillion Cryptocurrencies +/- $800 billion Earlier, we made an idea where we made similar calculations on the BTCUSDT chart So, if you are interested in what mark the Bitcoin price can reach at the end of 2025, we invite you to view it: If you are interested in the current situation on the BTCUSDT chart and the prospects of price movement for the next week, we invite you to read this idea: _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
CRYPTOCAP:TOTAL
by P_S_trade
43
BITCOIN IS GOING UP! TA + TRADE PLAN BY BFTechnical Analysis of Bitcoin (BTC) on the Chart by Blaž Fabjan Falling Wedge Continuation Pattern The falling wedge is a bullish continuation pattern, often indicating a potential upward breakout after a period of consolidation. Resistance and Support Lines: The chart shows a clear resistance line sloping downward and a support line also trending downward. The price is approaching the apex of the wedge, where a breakout is likely imminent. Indicators Analysis: VMC Cipher B (Market Cipher Indicator): The divergences on the VMC Cipher B show a series of green dots, which are often used to indicate potential long entry points. The momentum appears to be turning positive, with the indicator suggesting possible bullish divergence. RSI (Relative Strength Index): The current RSI is at 39.81, which indicates a moderately oversold condition. An RSI below 40 often suggests that the market is near the bottom, and a potential reversal to the upside is likely. Stochastic Oscillator: The Stochastic Oscillator shows 43.44 and 47.50 (K and D lines), hovering near the oversold region but not yet fully bottomed out. A crossover or upward movement from these levels would provide additional confirmation of a bullish reversal. HMA+ Histogram: The HMA (Hull Moving Average) histogram shows recent red bars, indicating negative momentum, but it appears to be narrowing, suggesting that the selling pressure is weakening. A transition from red to green bars would confirm a shift toward bullish momentum. Potential Breakout Scenario: Given the falling wedge pattern and the technical indicators approaching oversold conditions, there is a strong likelihood of a bullish breakout. The volume is not provided in the chart, but price action suggests decreasing volatility before a potential breakout. The breakout direction is likely to be upwards, targeting the $65,000 to $67,500 resistance zone initially. Trading Plan by Blaž Fabjan: Entry Strategy: Wait for Confirmation of Breakout: Enter a long position once the price breaks above the resistance of the falling wedge pattern (around $61,500-$62,000). RSI needs to cross above 45 to confirm momentum is shifting to the upside. Ensure that the VMC Cipher B shows green dots and the Stochastic Oscillator shows a bullish crossover before entering the trade. Stop-Loss Strategy: Place a stop-loss just below the support line of the wedge, which would be approximately around $59,000, to protect against a false breakout or further downside. Profit Targets: First Profit Target: $65,000 (previous swing high and a significant psychological level). Second Profit Target: $67,500 (the next key resistance level after the breakout). Risk-Reward Ratio: Aim for a minimum 2:1 risk-to-reward ratio. For an entry near $62,000 with a stop loss at $59,000, the first target at $65,000 gives a decent risk-to-reward ratio, with the potential for higher gains if the price continues to climb. Trade Management: Trailing Stop: Once the price reaches the first target, move the stop-loss to breakeven (entry point) to lock in profits and manage risk. Monitor the RSI and VMC Cipher for signs of exhaustion in momentum once the price nears the second target. Alternative Scenario: If the price fails to break above the wedge and breaks below the support line, consider reversing the position or waiting for further confirmation of a bearish trend before shorting. By following my plan, traders can capitalize on the potential upward breakout from this falling wedge continuation pattern while managing their risk effectively.
CRYPTO:BTCUSDLong
by elfabiiani
1
BITCOIN - Detailed important scenario of the last crashOctober 2024 will be the lowest price achieved by Bitcoin in the next 6 months, The this correction is the latest correction, The inflation data that was released recently came in at 2.4, higher than expectations, which were 2.3, but lower than the previous reading. Summary Inflation is falling, but at a slower pace than expected I mean, neither strongly negative nor strongly positive, remember Every correction is a new opportunity I expect this correnction will continue to the area between 57k - 53k (0.236 fib - 0.382 fib) as shown in chart. This will not happen directly because before this decline, Bitcoin will rise again to test the 0.618 level 61k shown in the chart, and I will be attacked because positivity will prevail in the atmosphere , but this will be a trap. When this happens, most currencies will fall at least 20% from this point Because throughout the history of Bitcoin, the month of October has always been a month of strong rise for Bitcoin and currencies.. Many have high hopes and wait for profits. The US elections are approaching too, and Trump's victory will make all markets rebound then btc will be negative in october positive in November! To break the myth of uptober Best regards Ceciliones🎯
by ceciliones
13
My FINAL Bitcoin chart and Idea (forever)Everyone is too busy focusing on the wrong Technicals. Fear and Greed, RSI, MACD, Stock Markets, etc. All of these are good tools but we have to remember a few things: 1. Zoom out (Bitcoin follows the same 4-year cycle every time... this time is NOT different) 2. Keep it Simple (I'm tired of messy charts, only put what you need for the current timeframe) 3. Avoid Leverage (These areas are too risky and much too volatile... liquidity is getting grabbed at almost every level) Stay safe. I expect Bitcoin to retrace to $57k and then bounce back up... clear skies ahead if we can break out of this pattern I have drawn up. (If not we keep ranging as follows until we break significantly above the previous ATH) Peace out! It's been fun... I may return to crypto one day (if ykyk)
BINANCE:BTCUSDLong
by RetiredNovice
Bitcoin - It Will Reach $100.000!Bitcoin ( BITSTAMP:BTCUSD ) will break out soon: Click chart above to see the detailed analysis👆🏻 Everything, and I literally mean everything, is bullish on Bitcoin. The previous cycles, timeframes, market structure and price action are all pointing towards the continuation of the bull run which started in 2023. And a breakout above the all time high, is the next trigger. Levels to watch: $70.000, $100.000 Keep your long term vision, Philip (BasicTrading)
BITSTAMP:BTCUSDLong
by basictradingtv
15
Bitcoin ($BTC) to Dip Below $60K Amid Hotter US CPI DataBitcoin’s price could soon slip below the $60,000 mark following the latest U.S. Consumer Price Index (CPI) data, which showed inflation at 2.4% for September, slightly higher than market expectations of 2.3%. The hotter-than-anticipated inflation report has sparked concerns among investors, weighing on the broader crypto market and pushing Bitcoin ( CRYPTOCAP:BTC ) into a bearish outlook. Combined with growing macroeconomic uncertainties, including Federal Reserve rate decisions and geopolitical tensions, Bitcoin could face further downside pressure. Impact of US CPI Data The latest inflation data revealed that the US CPI held steady at 0.2% on a monthly basis, while annual inflation cooled to 2.4%, down from the 2.5% recorded in August. Despite this cooling, the figure surpassed market expectations, triggering concern among investors who now anticipate a more hawkish stance from the Federal Reserve. With inflation running higher than anticipated, fears of tighter monetary policy have intensified, particularly as the Fed is widely expected to implement a smaller 25 basis point (bps) rate cut in November, down from an earlier prediction of 50 bps. These developments are contributing to widespread risk aversion in the market, with investors turning cautious ahead of the Fed’s next move. A more restrictive monetary policy could reduce liquidity in the market, further pressuring risk assets like Bitcoin. Adding to this, the release of gloomy U.S. job data and the rising US 10-year bond yield, which hit 4.073%, have intensified negative sentiment. The crypto market has not been immune, with Bitcoin down 1.3% following the CPI data release. BTC briefly crossed below the $61K mark, touching a low of $60,314, and is currently trading at $60,449 as of this writing. Macro Factors at Play: Global Concerns Weigh on Sentiment Bitcoin’s downward trajectory is not just a result of inflationary pressures but also a broader set of macroeconomic uncertainties that continue to weigh on sentiment. Several key factors are contributing to this cautious outlook: 1. Geopolitical Tensions: Ongoing tensions in the Middle East are creating volatility in global financial markets, which in turn is impacting the crypto market. Any escalation could lead to further risk aversion, potentially dragging Bitcoin lower. 2. US Presidential Election: With the upcoming 2024 presidential election in the United States between Kamala Harris and Donald Trump, markets are bracing for increased political volatility. The uncertainty surrounding the election outcome could add another layer of risk for investors, keeping Bitcoin under pressure. 3. Federal Reserve’s Stance: As inflationary concerns remain, the market is now pricing in an 84% probability of a 25 bps rate cut by the Fed in November. Any hawkish surprises from the Fed could exacerbate the already fragile market sentiment, potentially leading to further selloffs in Bitcoin. Technical Outlook On the technical front, Bitcoin ( CRYPTOCAP:BTC ) is showing signs of weakness following the CPI data release. The daily chart reveals that Bitcoin is trading within a falling wedge pattern, a bearish formation that could signal further downside unless there is a breakout to the upside. Key Technical Indicators: The Relative Strength Index (RSI) is currently in an anomalous zone, indicating that Bitcoin ( CRYPTOCAP:BTC ) may not yet be oversold, but downward pressure is mounting. Bitcoin is trading within a falling wedge, which often indicates further downside unless there is a strong breakout. A break below $60,000 could send Bitcoin ( CRYPTOCAP:BTC ) towards the ceiling of the trendline at $50,000 which will be very bad for $BTC. Immediate support lies at the $60,000 psychological level. If broken, the next key support level is the $50,000 mark, which coincides with the lower trendline of the falling wedge. On the upside, Bitcoin ( CRYPTOCAP:BTC ) would need to clear resistance around the $61,500 mark to attempt a reversal. If negative news continues to dominate the macro landscape, such as additional inflationary pressures, escalating geopolitical tensions, or unexpected hawkish moves from the Fed, Bitcoin ( CRYPTOCAP:BTC ) could see a sharper decline, possibly dipping toward the $50,000 level. On the flip side, favorable developments like easing inflation, de-escalation in global conflicts, or a more dovish stance from the Fed could provide Bitcoin ( CRYPTOCAP:BTC ) with the momentum needed to break out of the falling wedge and move higher. If Bitcoin manages to clear $61,500, it could attempt a surge back toward the $65,000 resistance level.
COINBASE:BTCUSDLong
by DEXWireNews
Bitcoin technical analysis + trade plan by BFTechnical Analysis for Bitcoin (BTC/USDT) by Blaž Fabjan Overview of Current Market Structure: Descending Trading Channel: The Bitcoin price is currently trading within a descending channel, marked by parallel lines of resistance and support. The price has respected both boundaries and continues to oscillate between them. Support: The current support level within the descending channel is approximately 60,000 USDT, as shown by the lower green line. Resistance: The resistance level is around 61,758 USDT, as indicated by the upper green line. Potential Breakout: A potential breakout to the upside is indicated by the analysis. If the price breaks through the resistance zone, we may see a rally towards the 64,591 USDT mark, which is a key resistance level in the broader time frame. Indicators Analysis: RSI (Relative Strength Index, 14 periods): The RSI is currently around 39.25, which indicates that the market is in a slightly oversold condition. This suggests a potential buying opportunity if momentum shifts to the upside. Stochastic Oscillator (14, 3, 1): The stochastic oscillator shows a value of 27.09, signaling that the market is near the oversold region. A bullish crossover between the %K and %D lines could trigger an upward move. VMC Cipher B Indicator (Divergences): The VMC Cipher B Divergences are currently showing bearish momentum, but the price appears to be bouncing off a significant support level. We are awaiting confirmation for a reversal. HMA Histogram (40, 44): The HMA Histogram shows a value of 91.97 in the short term, indicating that bearish momentum is starting to slow, and a potential bullish reversal could occur soon. Key Levels to Watch: Immediate Support: The key support level lies around 60,000 USDT. If the price drops below this level, further bearish movement towards 58,000 USDT could be expected. Immediate Resistance: Resistance stands at 61,758 USDT, the upper boundary of the descending channel. A breakout above this level could trigger a bullish rally. Key Target Level: The next major target on a breakout would be the 64,591 USDT resistance, where the price is likely to face significant selling pressure. Trading Plan: Bullish Scenario: Entry Point: Look for a breakout above the 61,758 USDT resistance level. Confirm the breakout with increasing volume and price closing above the channel. First Target: 64,591 USDT, which is a major resistance zone in the upper range. Stop Loss: Place the stop loss slightly below the support level of 60,000 USDT to manage downside risk. Second Target (Aggressive): If bullish momentum continues, a potential extension towards 65,500 USDT is possible, aligning with previous highs. Bearish Scenario: Entry Point: If the price fails to break above the 61,758 USDT resistance level and starts rejecting at this point, consider a short position with a breakdown below the 60,000 USDT support. First Target: A drop towards 58,000 USDT could be expected if bearish momentum accelerates. Stop Loss: Set the stop loss above 62,000 USDT, just outside the resistance of the descending channel to account for volatility. Neutral Scenario (Sideways Trading): If the price consolidates between 60,000 and 61,758 USDT, wait for a clearer breakout or breakdown before entering any trades. The current channel suggests potential opportunities, but patience for confirmation is key. Risk Management: Position Size: Use proper risk management by not risking more than 1-2% of your capital on any trade. Risk-Reward Ratio: Maintain a favorable risk-reward ratio of at least 1:2 or higher to ensure the profitability of your trades.
Long
by elfabiiani
1
Bitcoin 4h tradeLocal 4h trade for BINANCE:BTCUSDT.P Possible Targets and explanation idea ➡️Waiting full fill or test 4h fvg ➡️Perfect scenario if we will see drop closer to Thursday to 59152 ➡️But most likely we will hold the block around 61200 ➡️4h money outflow BTC. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Short
by Crypto4light
3
Bitcoin falling to 59K??? Short-term prediction!!Hey guys! Many interesting things happening at the market right now, and here are my thoughts about BTC. So in quick we have a red cross on 4H, so seems like we at least can see BTC around 59K, cause also this is important Fib 0,618 level. The volumes are still descending, plus the green line was broke, which means that we have a convergence with volume. For me, for sure we gonna touch 59K zone and after we will see. What's your thoughts?
Short
by SheTradesHub
Bitcoin ARE WE CORRECTING DOWN & T0 WHERE ???? Hey Traders I take a quick dive into Bitcoin: currently it appears we are making our way down with some signals from candlesticks such as our lucky hammer which indicates bearish thinking. Question is where do we go from here and can we punch back up or will sink further down to 50K and below ? Must watch Comment, like follow if you liked this video and found it useful or tell me what you think you see will happen with Bitcoin MB Trader
COINBASE:BTCUSDShort
by Mindbloome-Trading
Bitcoin 1W chart and you will find answer for all your questionsCRYPTOCAP:BTC 1W chart; I said we would update the #Bitcoin chart if something important happens, but I want to show you the situation from a wider time frame. What do you see when you look at it like this, please comment. Please write your own thoughts in the comments section, independent of mine or anyone else's. From this level, do you think #Btc will say, 1 minute brother, I don't want to go down, this channel can't hold me and go up? The level I indicated as OB below is also the IMB zone. 2 birds with 1 stone are waiting for retest at $46k. That level is also the base of the channel and the support/contact level of the much older uptrend line (green). I have been sharing what I see when I put all the puzzle pieces side by side for a long time. I am curious about your thoughts as well. By the way, if those who think like me can also like and share, it would be a great support and this chart will reach many more people. ✨
Short
by ugurtash
2
The #1 Reason Bitcoin Is A Good Buy Eventhough There Is FEARKnowing how to trade is a special skill not everyone has mastered yet. - Yesterday i was on a phone call with a friend of mine and i shared my knowledge of the trading industry - And how i think Bitcoin is going to go.I could hear the fear and doubt in his voice. - I dont mean to judge because honestly trading also scares me but sometimes you have to look past the fear. - Sentiment on this crypto CME:BTC1! is bearish even though i still think its a good long-term buying position. - Remember to rocket boost this content to learn more Disclaimer: Trading is risky, please learn risk management and profit-taking strategies.
CME:BTC1!Long
by lubosi
BTC/USD: HBO Set to Unmask Satoshi HBO’s documentary Money Electric: The Bitcoin Mystery, airing tonight at 9:00 p.m. EST, is expected to present compelling evidence on the identity of Bitcoin's creator, Satoshi Nakamoto. Speculation surrounds figures such as Hal Finney, Nick Szabo, Adam Back, Len Sassaman, and David Kleiman, with Sassaman emerging as the frontrunner on prediction market Polymarket. Should Sassaman, Kleiman, or Finney be fingered, analysts say it could have a positive impact on Bitcoin’s price, as all three are deceased, reducing the likelihood of a selloff from wallets linked to Nakamoto, which hold an estimated 1.1 million BTC. On the 4-Hour chart, Bitcoin keeps coming back to $62,500 despite recent volatility and larger price wicks.
BLACKBULL:BTCUSD
by BlackBull_Markets
Bitcoin's local perspective 07.10.24Now, INDEX:BTCUSD has formed an ascending pattern AMEXP (yellow)👇 that describes a correction within the previous descending pattern AMEXP (red)👇 If now the price can break through the $64,076-$64,236 zone, we may see a continuation of growth with targets at $64,738 and $64,955, followed by a correction to the range around the $62,368 level. After that, we will have to watch the reaction to this zone and the trend line in more detail, as there is a possibility to go to $66,000, and there is a possibility to renew the swing low and say hello to $57,834 - so the area around the $62,368 level will be an important place for decision making.
INDEX:BTCUSD
by TSFC
BTCUSDT in 1h timeframe hello dear trader and investors .... this price action for bitcoin with usdt in 1 H timeframe .... is btc ready for next move ? The Role of China in Bitcoin’s Future One of the key factors driving Bitcoin’s upcoming surge, according to Tapiero, is China’s recent economic policy moves. China has been taking significant steps to stimulate its economy by injecting liquidity into the market, which Tapiero believes will act as a catalyst for Bitcoin’s rise. He argues that China’s financial actions could benefit cryptocurrency investors, creating a favorable environment for Bitcoin to thrive. What Does This Mean for Investors? Tapiero’s analysis presents a promising outlook for Bitcoin investors. The completion of the “cup and handle” formation could signal a new era of growth, with Bitcoin reaching unprecedented levels. Additionally, China’s liquidity injections could further fuel this bullish trend, making this an opportune time for investors to consider their strategies. 10T Holdings, which manages $1.2 billion in assets, is heavily invested in cryptocurrency and blockchain technology. Tapiero’s insights are highly regarded within the industry, and his predictions regarding Bitcoin’s future are closely watched by investors around the globe. With strong bullish signals, Bitcoin could soon embark on a new upward journey.
Long
by mehdi_kb
Bitcoin breaking 64k!!! Next 68???Hey guys! Friday scenario didn't worked and we continue growing. Here are some thoughts about next movements. Bullish: We're now moving in a raising channel and the MA have a bullish cross. Bearish: The RSI is closing to the overbought point and there is the volume divergence. Additional: We are between two important resistance and support levels. So my thoughts here, that If buying momentum continues to fade, given the volume divergence and high RSI, a short-term pullback could occur, potentially taking Bitcoin towards the $62,000 support level. Should this support hold, it may provide a bounce opportunity for bulls to regain momentum. On the other hand, if Bitcoin manages a successful break above the $64,000 resistance, it could pave the way for a move towards the higher resistance levels between $66,000 and $68,000, marking a continued bullish trend. What u think?
by SheTradesHub