Bitcoin's Rally Loses Steam: A Reversal Pattern Takes Shape● Bitcoin reached a record high of approximately $108,390, driven by strong bullish momentum.
● However, the rally was short-lived as intense selling pressure kicked in, triggering a rapid decline to $92,500 and erasing some of the recent gains.
● The frequent price fluctuations are likely to form a Head & Shoulder pattern, a bearish pattern that indicates a potential trend reversal and further downside.
● A sharp decline is expected if Bitcoin breaches below $91,500.
Bitcoinpricetrendanalysis
BTC/USD "Bitcoin" Crypto Market Heist Plan on Bearish Side🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the BTC/USD "Bitcoin" Crypto market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📉 : You can enter a short trade at any point,
however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest high level.
Goal 🎯: 90,000
Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
Bitcoin: Hold now, buy laterHello,
Bitcoin is a clear uptrend as the price is above the moving averages, as the picture on the left side of the chart shows. Technical indicators like Ultimate Oscillator, ADX, MOM, and MACD are bullish. However, RSI indicators are overbought, which means Bitcoin might go higher, but there'll be a better time to buy when the market corrects the overbought conditions. I hold my Bitcoins, but I won't buy any more until the upcoming correction, which might come soon.
Regards,
Ely
Bitcoin | First Line of DefenseBitcoin's first line of defense lies within the blue boxes, marking potential areas of interest. However, there are currently no significant demand zones, making it more prudent to wait for upside breakouts on lower timeframes before considering a buyer's position.
Given the uncertainty around the depth of the ongoing correction, it's wise to maintain some cash reserves to adapt to market movements effectively. Patience and careful observation will be key in navigating this phase.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active
btc long"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
Navigating Bitcoin BTC Bull Market: $120k+ After CorrectionHello, Skyrexians!
Tonight Bitcoin has printed another one leg up and touched our previous final target at $107k without correction. What does it mean? It means that targets for this bull run are going to be much higher. Anyway, the warning sign of correction is about to be flashed. Let's try to understand what is happening!
On the daily time frame we market the Elliott waves. Taking into account the maximum value of Awesome Oscillator (AO) current growth is still wave 3 because price reached new high but divergence on AO has happened without zero line cross. It means that currently BINANCE:BTCUSDT is printing wave 5 inside major 3. The big warning is the potential red dot printed by the Bullish/Bearish Reversal Bar Indicator , to see the confirmation we need to wait daily close, so everything can be changed. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView .
After printing red dot previously we have seen the drops in most of cases, so now it can be wave 4. Wave 4 has the target at 0.38-0.5 Fibonacci level. We suppose that price reach $86k and find support there for the new impulse to the upside. If we assume that wave 3 is finished here and wave 4 will be finished at the pointed out target, the wave 5 has the target zone between $120k and $140k. Anyway, it can be easily recalculated, we will update you with all changes.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
Could Bitcoin Fall to Zero ? A Closer Look at CBDCs.Bitcoin's journey began in 2008, when an anonymous figure under the pseudonym Satoshi Nakamoto introduced it through a white paper titled Bitcoin: A Peer-to-Peer Electronic Cash System. Nakamoto’s vision was to create a decentralized currency, free from government or central bank control, using blockchain technology. The first block, called the genesis block, was mined in January 2009, marking the birth of Bitcoin.
Despite Nakamoto's critical role in Bitcoin's inception, his true identity remains a mystery, leading to much speculation over the years. Some have theorized that he could be a single individual, while others suggest that Nakamoto could be a group of people or even a government agency. After releasing the software and participating in the early days of the network, Nakamoto gradually withdrew from public involvement, leaving the Bitcoin community to grow independently. This disappearance into the shadows has only added to the intrigue and mystique surrounding the cryptocurrency's origins.
While Nakamoto remains a key figure in Bitcoin's history, he has remained silent since 2011, with no clear explanation as to why he stepped back.
1. BIS: The Puppet Master of Global Finance
The Bank for International Settlements (BIS) is often referred to as the "central bank of central banks" due to its unique role in fostering international monetary and financial cooperation. Established in 1930, it serves as an umbrella organization for central banks worldwide, providing a platform for collaboration and offering banking services to them. The BIS is headquartered in Basel, Switzerland, and its primary objectives are to promote financial stability, monitor economic trends, and facilitate communication between global central banks, such as the Federal Reserve, European Central Bank, and others.
Over time, the BIS has played a crucial role in shaping global monetary policies, overseeing financial markets, and fostering agreements between the world's leading financial institutions. It is instrumental in setting regulatory standards and guidelines that many countries' central banks follow. This level of control and influence positions the BIS at the centre of international financial governance, which is critical when discussing the future of currencies, including Bitcoin and the potential shift to Central Bank Digital Currencies (CBDCs).
As a body that influences the direction of global banking, the BIS has been actively involved in discussing and exploring the future of digital currencies. Given the growing interest in decentralized cryptocurrencies, such as Bitcoin, the BIS has expressed concerns over the stability of decentralized systems and has advocated for centralized digital currencies to ensure that monetary policy can remain under control, furthering the possibility of a CBDC rollout in the future.
3. Why Bitcoin’s Fall to Zero Could Be a Strategic Move
Now, with global economies struggling under record-high debt levels, central banks might see Bitcoin as a bubble ready to pop. The BIS could leverage its influence to push for a CBDC revolution, positioning these centralized digital currencies as “safer” and more reliable alternatives to Bitcoin. By orchestrating a dramatic collapse in Bitcoin, the narrative could shift, convincing the public that decentralized currencies are unstable and unsustainable.
CBDCs are fundamentally different from Bitcoin:
- Fully controlled by central banks.
- Allow tracking and surveillance of every transaction.
- Provide central banks the ability to impose negative interest rates or freeze funds.
This shift would mark a return to centralized control, with individuals losing the financial freedom Bitcoin promised.
4. Was This the Plan All Along?
It’s not far-fetched to believe that Bitcoin’s rise and fall have been part of a larger test. During the pandemic, Bitcoin surged on the back of mass media promotions and institutional FOMO. Billionaires like Elon Musk promoted Dogecoin and Bitcoin, fuelling speculative buying. Yet, when the dust settled, the same institutions that promoted Bitcoin quietly accumulated it during crashes.
With Bitcoin at $100,000 now, the euphoric belief in its unstoppable rise mirrors past market bubbles. Could this be the final phase of Bitcoin’s journey before an engineered collapse leads to the introduction of CBDCs as the “solution”?
5. What’s Next?
If Bitcoin does crash to zero, it will be a defining moment for cryptocurrencies and global finance. CBDCs would emerge as the dominant narrative, backed by the BIS and central banks, with promises of stability, security, and control. However, it would come at the cost of financial freedom and decentralization.
Disclaimer:
The post explores possibilities based on historical trends, institutional behaviours, and emerging global financial strategies. While I am not claiming that Bitcoin will inevitably fall to zero, we cannot ignore the potential for this to occur, especially as major players like the Bank for International Settlements (BIS) push for a centralized currency system under the guise of Central Bank Digital Currencies (CBDCs).
The BIS, as the central bank of central banks, is focused on pushing for a centralized, controlled financial system, and this has implications for decentralized systems like Bitcoin. They are aiming to promote their agenda of centralization, and in doing so, they seek to control the masses through monetary power, which is in direct opposition to the fundamental principles behind Bitcoin’s decentralized nature.
This is not final financial advice, nor am I claiming Bitcoin will necessarily collapse to zero. However, the possibility cannot be ignored, especially when considering the global financial forces at play. I urge you to think critically and keep an open mind regarding these dynamics. What we are witnessing may just be the beginning of a new chapter in the future of money and its control. Let’s keep a close eye on how this unfolds.
What Do You Think? Could Bitcoin's journey be part of a larger plan to usher in CBDCs? Are we witnessing the twilight of decentralized finance? Share your thoughts and perspectives below, and share this to make people aware :)
Bitcoin's Big Moves: What’s Happening Now and What Could Be NextBitcoin has been making big waves recently, and many are wondering: where is it headed next? I'll try to break it down step by step (NFA of course), combining technical insights and real-world factors to create a clearer picture.
1. Looking at the chart, Bitcoin’s price has been on a strong upward journey over the past few months. It’s already seen two major six-month periods of growth in recent years, each followed by a pause or a pullback.
2. Right now, Bitcoin is testing a key level near $99,500, a price many traders are watching closely.
What Could Happen Next?
Bitcoin is still in a strong position for long-term growth. While we might see a dip in the short term, it could be a great opportunity for a swing trade to $140,000, especially with more institutions and everyday investors entering the space.
At that levels, we would be expecting a dip, if compared to the behavior of gold in past years. Gold, often seen as a safe haven during uncertain times, has shown similar U-shaped patterns where prices drop slightly before soaring higher.
For now, patience is key. Stay tuned to global developments that could influence the next big move
Why Is Bitcoin Movement as such?
1. Institutional Interest:
Big financial players are diving into Bitcoin. Recent news about Bitcoin-focused exchange-traded funds (ETFs) has drawn massive investments. These ETFs make it easier for everyday investors to put money into Bitcoin without having to buy and store the actual cryptocurrency.
2. Global Trends and Inflation: Around the world, economic uncertainty is pushing people to look for alternative investments. Bitcoin is often called "digital gold" because, like gold, it’s limited in supply and isn’t tied to any government currency. This makes it attractive during times of inflation or when traditional markets are shaky.
3. Rising Popularity of the Network: Behind the scenes, Bitcoin’s network is stronger than ever. The technology powering it, known as the "hash rate," is at record levels, showing that the system is both secure and thriving.
#BTCUSDT: Bitcoin to 100k is not far now! Get ready In our previous chart, we identified a potential swing buy planning area at 60k, where we anticipated a price reversal. The price subsequently reversed and is currently at 68k. Examining the price behavior in this pattern, we observe a Wyckoff strategic pattern on the two-day timeframe. The pattern has been completed, and the price is currently in a distribution phase. Potential targets include an all-time high, with 80k as the next target, followed by 90k and a final target of 100k. While this may seem optimistic, we base our actions on observed price behavior, which currently indicates the potential for a significant move. We appreciate your feedback and encourage you to follow for more insights.
Bitcoin Cycle Top Expectation: Fibonacci Targets $160K-$180KAs Bitcoin approaches the $100,000 milestone, this analysis leverages Fibonacci extensions to highlight potential targets for the current market cycle. Historical trends suggest that Bitcoin’s cycle tops often align with major Fibonacci levels, making the $160K-$180K zone a key area of interest.
This zone represents a strong convergence of resistance based on both technical levels and psychological significance, where a potential cycle top could form. The chart provides a visual breakdown of these targets, with additional possible extensions if momentum overextends.
Disclaimer: This is not financial advice. Always conduct your own research before making any investment decisions.
Bitcoin Reacted Well to InflationBitcoin serves as an inflation hedge, going beyond its role as a decentralized digital currency that facilitates peer-to-peer transactions without intermediaries like banks or governments.
When inflation peaked at 9% in 2022, both Bitcoin and gold exhibited upward trends—a pattern that has continued to the present day.
Although the latest inflation figure stands at 2.6%, the current levels of gold and Bitcoin, driven by market demand, indicate that inflationary concerns persist.
Today, we’ll explore how to buy Bitcoin during market dips.
Mirco Bitcoin Futures & Options
Ticker: MBTX4
Minimum fluctuation:
$5.00 per bitcoin = $0.50 per contract
BTIC: $1.00 per bitcoin = $0.10 per contract
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
BITCOIN ON ITS WAY TO A NEW ALL TIME HIGH! TA + TRADE PLANTechnical Analysis of Bitcoin (BTC/USDT)
Price Action:
The chart shows an ascending triangle pattern, which is typically a bullish continuation pattern. It suggests that Bitcoin is likely preparing for an upward breakout. The price has been respecting the support trendline (ascending) while testing the resistance level at around $91,700.
There is strong upward momentum, confirmed by the price movement toward the resistance, with higher lows indicating growing buyer interest.
Indicators:
VMC Cipher B Divergences:
The indicator shows a bullish divergence (green color), which often suggests that the price is likely to break above resistance, supported by buying momentum.
RSI (Relative Strength Index):
RSI is currently at 61.77, which is in the neutral zone (neither overbought nor oversold). This suggests that Bitcoin still has room for upward movement before becoming overbought.
Stochastic Oscillator:
The Stochastic is at 88.21, indicating a potential overbought condition, suggesting that while there may be an upward push, a pullback could follow soon if the price rises too quickly.
HMA (Hull Moving Average):
The HMA histograms show bullish momentum (green area), which indicates strong upward trends, though the shift to red on lower timeframes suggests caution for short-term corrections.
Money Flow Index (MFI):
MFI is showing a value of 51, indicating balanced buying and selling pressure. This suggests that while the market has potential for an upward move, it is still neutral in terms of volume and money flow.
Volume Analysis:
The volume profile shows a buildup of buying activity with the price consolidating near the resistance zone. Volume is steadily increasing, which is usually a positive sign for a breakout.
There is lower volume in the consolidation area, which could indicate a breakout is imminent.
Trading Plan
Entry Strategy:
Buy Position: If Bitcoin breaks above the resistance level at $92,212 with high volume, consider entering a long position. This breakout could push the price toward the next resistance at $95,000 or higher.
Watch for confirmation with volume spikes and RSI maintaining below 70 to avoid entering when the market is overly extended.
Target Price (Take Profit):
The next immediate resistance levels to target are $95,000 and $102,500. Set partial take profit orders around these levels.
A more aggressive target would be $105,000 (based on the breakout projection).
Stop Loss:
Place a stop loss below the support trendline or around $85,000 to mitigate risks in case of a false breakout or price reversal.
For more conservative risk management, a tighter stop loss around $87,500 could be used if the breakout is confirmed with strong volume.
Risk Management:
Use proper risk management, aiming to risk no more than 1-2% of your portfolio on each trade.
Watch for volatility and unexpected moves, especially considering the high stochastic reading, which might indicate a short-term overbought condition.
Alternative Scenario (If Breakout Fails):
If the price fails to break above resistance and falls back into the consolidation zone, consider a short position only if the price breaches the support line.
Watch for bearish divergence in the indicators (such as RSI or MFI) for confirmation of a potential downtrend.
This plan provides a clear strategy for trading Bitcoin, balancing potential profits with careful risk management. Stay alert for market updates, and adjust your strategy accordingly if significant changes occur.
HOW TO GET RICH PREDICTING BITCOINS BULL RUN & CRASH! TUTORIALCOINBASE:BTCUSD NASDAQ:IBIT AMEX:BITX
HOW TO GET RICH PREDICTING BITCOINS BULL RUNS & CRASHES! TUTORIAL
In this must-watch tutorial, I'll reveal the secrets to predicting Bitcoin's rise and fall with stunning accuracy. Join me as I walk you through four distinct indicators that you can use to jump into Bitcoin before massive runups and dodge huge crashes. Whether you're a seasoned trader or a crypto newbie, these insights will transform how you approach the market. Don't miss out on this exclusive analysis that could change your financial future!
Smash that like button and follow for more game-changing strategies, ideas, and tutorials!
Bitcoin Approaching Key Resistance—Watch for Breakout / PullbackSince the last analysis, Bitcoin has respected the Crucial Support Zones and is now approaching a pivotal point at the Descending Resistance trendline.
We’ve seen a bounce off the support zones, particularly the 1W BISI, which has held firm, and the next move will be decisive as BTC approaches the U.S. Election timeline in early November.
Key Developments:
Bitcoin is approaching the Descending Resistance, with a potential breakout signaling a move towards 76K and beyond.
The 1W BISI (one-week bullish imbalance support) has acted as a strong foundation for this current price action, making the upcoming resistance test a crucial moment.
The RSI is sitting comfortably above 55, showing momentum building up in favor of the bulls.
Strategy Update:
Swing Traders: Look for confirmation of the breakout above the descending resistance. If price holds and closes above this level, a run toward 76K and 80K becomes highly probable.
Scalpers: Stay cautious around the resistance zone. If Bitcoin fails to break out convincingly, a short-term pullback to retest the 1W BISI could provide shorting opportunities.
Key Levels:
Resistance: The Descending Resistance trendline is your key point for watching breakout potential. If BTC breaches this level, expect a rally to 72K and 74K.
Support: The 1W BISI and Crucial Support Zone 1 (around 64K) will act as strong support levels in case of any short-term corrections.
------
This setup remains crucial as the U.S. Election date approaches, a point that may trigger increased volatility across markets. Keep your risk management tight and stay flexible as the market prepares for its next major move.
Bitcoin: Step-by-Step Action Plan for 2025
Bitcoin has just reached its 60-day cycle low, coinciding with the conclusion of the U.S. election—a critical moment in both markets. If this cycle follows a "right-translated" pattern, we could see BTC maintaining bullish momentum for the next four weeks.
In trading, two types of participants tend to profit: those who spot and act on trends using indicators, market structures, or other strategies, and those who rely on luck by buying at the right time. While luck might bring gains in a market with Bitcoin’s history of strong growth, relying on it is often short-lived. Without the skill to analyze the market, "lucky" traders often lose out in the long run, especially when conditions turn.
For sustainable success, understanding the 60-day cycle and recognizing right-translation as a bullish sign can make all the difference. Watch for potential upward movement in Bitcoin over the coming weeks, but remember to keep an eye on key indicators and manage risk carefully!
What Are the Cycles Telling Us About Bitcoin and Altcoins Right Now?
Bitcoin Confirmed 60-Day Cycle Low: Bullish Setup for the Next 40 Days
Bitcoin's price is showing signs of upward momentum. Our 3-day indicator, which we aimed to see below 20, has started turning upward, suggesting a bullish short-term pattern. Currently, the daily indicator sits around 46—potentially a good entry signal. Over the next 3-4 days, we could see a strong price push, potentially followed by a brief consolidation.
The ideal buying opportunity came at the last cycle bottom of $56,000, with the next best entry at the recent low around $70,000. Now, with Bitcoin confirming its 60-day cycle low at $68,000 and beginning its ascent, a right-translated cycle could mean a climb over the next 40 days, providing ample time for gains.
While the 1-week indicator (red line) is above 80, it’s holding steady, indicating a continued bullish phase. Although this weekly indicator may dip to 20 within the next month or two, bringing another buying opportunity, strong uptrends can mean that waiting could result in missed profits. Stay alert for potential pullbacks, but the momentum is favoring the bulls!
Don't sleep on open profits - always take profits on the cycle tops!
Bitcoin Smashes ATH: Is a New Bull Run on the Horizon..?Bitcoin has recently soared to a new all-time high, a surge that many analysts attribute to the unexpected victory of Donald Trump in the presidential election. This political shift has sparked renewed interest and investment in cryptocurrencies, particularly Bitcoin. Currently, the digital currency is in the process of testing a newly established support level, which fluctuates between 74000 and 74600 dollars.
As Bitcoin ventures into this uncharted price territory, it presents both opportunities and challenges for investors. The uncertainty surrounding this price range complicates the ability to forecast potential price targets shortly. Market dynamics, investor sentiment, and external economic factors will all play crucial roles in determining Bitcoin's trajectory as it navigates these unprecedented levels.
Bitcoin and Crypto US Election Day Forecast and Bullish TargetsHi everyone,
In this video I break down how my Bitcoin forecast over the last few weeks has been playing out (nearly exactly) and where we likely go from here...
I think Bulls are in control, and we'll see Bitcoin at ATH to $80k in the coming weeks...
We review an article form POMP today, saying that who wins the election isn't really that important, and showing very bullish outomes after every previous election cycle...
But I do think a Trump win is likely, and will propel Bitcoin higher faster.
We look at the DXY and how that's rolling over nicely here, potentially taking us to "Bitcoin Rally Zone" and even the Vall-halla "Bitcoin Super Pump Rally Zone" where prices can really PUMP!
I'm hearing more and more people talk about an early left-translated cycle and parabolic blow-off top by the end of THIS year, followed by an everything bubble bursting and deflationary bust.
This is where a Trump win could save the long-tail of the 4-year cycle, by saving the economy.
If nothing else, a Trump win would be more pro-crypto because it's not jus him but a very pro-crypto cabinet with RFK, Elan Musk, Cythia Lummis, and more.
But we're not here to talk about politics!
It's the markets reaction to the news, that matters.
I've said 100 times THIS year and EVERY year... "Show me the charts, and I'll tell you the news".
Lastly, I review my now Top 11 factors that could push Bitcoin to $100, $150k, and even $200k.
And the charts showing the same... Interesting that the 1.618, 2.618, and 3.618 almost perfectly align with $100k, $150k, and $250k.
I also show how these targets can be achieved by measured moves of the Bitcoin Bull-Flag breakouts, using 2 different scenarios.
Let me know what you think below, and as always would appreciate a like, tip or share with someone you like in the crypto world!
I we can get to 100 likes, I'll do more of these on a regular basis.. and do an end of week post-election breakdown.
Thanks, and thanks again to TradingView for making this great platform we all use.
Brett Fogle
Moonstream Crypto
Bitcoin: Another FakeoutBitcoin has once again surprised traders with another fakeout. Recently, it has resumed following the established trendline after experiencing some volatility. On the 4-hour chart, there was a minor resistance level positioned at the 69000 dollar mark. Remarkably, Bitcoin has managed to break through this resistance. It's important now to monitor whether it can maintain its price above this level for a sustained period, as this will confirm a potential upward trend. Let's keep an eye on its performance to see if it can solidify its position.
Bitcoin Breaks the Trendline: Breakout or Just Another Fakeout.?Bitcoin has once again breached its established trendline, raising the question of whether this is a legitimate breakout or just another false movement, akin to previous instances. At this juncture, Bitcoin could take two potential paths. For a significant downward shift to occur, Bitcoin must break through a critical support level of 66000 dollars. If this level is compromised, it may indicate a sustained downward trend.
It's also important to note that upcoming events, such as the US elections, could have a substantial impact on market dynamics. Therefore, exercising caution and conducting thorough analysis before making any investment decisions is highly advisable.