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BTC/USDT 4HOUR CHART UPDATE !!Bitcoin (BTC) Short Update Bitcoin has been trading within a rising channel, bouncing off key support levels and moving towards potential resistance zones. As of the latest update, BTC/USDT is trading around $69,226. The key support levels to watch are at $68,162 (immediate support) and the 100-day moving average is around $65,000. The major resistance levels are at $70,000 and $73,449, with the latter being a significant hurdle for the bulls. Bitcoin's price has shown a strong bullish trend after finding significant buying pressure around the 100-day MA. This has led to a rebound towards the $ 67K-$70K range. The price is currently moving within a rising channel, and a breakout above the $70K mark could see BTC testing the next resistance at $73,449. The 21 MA currently supports around $66,793.19, suggesting a bullish sentiment if the price remains above this level. It indicates bullish strength, with potential for further upside if the price is maintained above key support levels. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
Long
by CryptoSanders9563
Bitcoin Daily Chart Analysis:!!Bitcoin Daily Chart Analysis: Bitcoin recently found strong demand near the crucial $53,000 support zone, which prompted an impulsive bullish rally. After breaking above the 100-day MA, Bitcoin experienced a corrective retracement. This pullback validated the breakout as the price fell back to the 100-day MA level and found support. Rebound: Bitcoin has faced significant buying pressure at the 100-day MA, leading to a bullish comeback towards the $67,000 level. Bitcoin could continue its bullish trend towards the crucial resistance zone around $70,000 in the mid-term if market conditions remain stable. Traditionally considered a long-term trend indicator, a breach of the 200-day MA at $60.5K signals a crucial bullish shift. The recent correction and subsequent bounce from the 100-day MA at $64.4K underscore its importance as a support level. Monitor the $67,000 resistance level for a breakout. A sustained move above this level with high volume could indicate a potential further upside move towards $70,000. Use the 100-day MA ($64,400) and the 200-day MA ($60,500) as key support levels. These levels provide strong buying zones in case of retracements. If Bitcoin fails to break the $67,000 resistance or shows signs of weak momentum near this level, look for potential short opportunities. Use $64,400 (100-day MA) and $60,500 (200-day MA) as crucial stop-loss levels to protect against bullish continuation. Conclusion: Bitcoin’s recent performance reflects a strong bullish sentiment with the potential for further upside move towards the $70,000 mark. Key support levels remain strong, validating a bullish breakout. Traders should closely monitor these levels and market conditions for optimal entry and exit points. Let me know if you need further analysis or specific trading strategies.
COINBASE:BTCUSD
by CryptoSanders9563
1
BTC/USDT 4-HOUR CHART ANALIYSIS !!$67,006 (as per the latest chart). Highs around $68,162 and $71,000. Immediate support at $65,800 and lowest at $60,267. The chart shows an upward trend with potential pullbacks. The green upward line indicates potential targets around $71,000. Moving averages (21,100 MA): Prices are above these averages, which indicates bullishness. Indicates potential pullbacks of around $66,000 before a potential rise to $71,000. BTC: The overall sentiment appears to be bullish with short-term pullbacks. The path suggests a rise to $71,000 followed by a brief consolidation or pullback. These analyses reflect specific technical setups, and actual market conditions may be influenced by various factors including market sentiment, macroeconomic events, and changes in trading volumes. For active trading decisions, it is important to keep an eye on real-time data and consider technical indicators as well as fundamental analysis. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563
BTC/USDT 4HOUR CHART UPDATE !!The chart indicates bearish sentiment, with arrows pointing towards a potential price decline. The current trading price is close to a crucial support level, and a break below could trigger further declines towards $60,267.63. Resistance at $68,162.11 remains strong. If Bitcoin fails to break this level, it could increase selling pressure. For traders, keeping an eye on the support at $60,267.63 is essential. A break below this level could signal a short opportunity. Conversely, a bounce-off of this support could provide a long opportunity, but caution is advised given the bearish indicators. This analysis is based on technical indicators and does not consider external factors such as news or market sentiment, which may also influence the price of Bitcoin. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563
2
BTCUSDT: NOT LOOKING GOOD AT ALL IN SHORTER TFHello, BTC tried hard to reach 72k in the short term but was unable to sustain it. We saw it pumped until 68400 and started dumping from there. What we can see in the short time frame, it is retesting and may take more dump until 59000. I would suggest people to wait for the dump to happen and enter the market at the right time. As of now, it feels very risky to hold or trade any position. Until then, stay tuned and trade with caution, ensuring strict STOPLOSSES!! This is not financial advice, please do your own research before investing, as we are not responsible for any of your losses or profits. Please like, share, and comment on this idea if you liked it.
Short
by ScramblerG
1
BTC/USDT 1DAY CHART UPDATE !!Analysts remain optimistic about Bitcoin's future, predicting that the price could reach new heights in a potential bullish phase. However, Bitcoin could drop to around $52,000 if the support level fails or even tests the $50,000 level. Keep an eye on market developments and global economic factors as these will play a key role in determining Bitcoin's price direction in the coming weeks and months. You can visit TradingView and X . COM for more detailed analysis and predictions. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563
BTC/USDT 1DAY CHART UPDATE !!Bitcoin (BTC) Analysis Brief Update. The Bitcoin chart displays a recent uptrend with a breakout above the previous resistance area, represented by the yellow horizontal line. Around $70,000, as marked by the dashed orange line. The yellow-shaded area has been tested multiple times and is now a crucial support level. The 21-day moving average (yellow line) and the 100-day moving average (purple line) indicate a bullish crossover, a positive sign for upward momentum. The breakout and subsequent retest above the resistance area suggest the continuation of the uptrend. The bullish crossover of the moving averages and the current price staying above both MAs confirm the bullish The next crucial resistance lies around the $70,000 mark. If the price sustains above the current support zone, it may test this level soon. A drop below the support zone and moving averages may lead to a possible retest of lower support levels around $60,000. Bitcoin is currently in bullish momentum, with strong support and positive indicators suggesting further upward movement. However, traders should monitor any signs of reversal or breakdown below key support levels to manage risk effectively. Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
Long
by CryptoSanders9563
BTC/USDT 4-HOUR CHART ANALIYSIS !!Bitcoin (BTC) Price Update As of the latest analysis, Bitcoin (BTC) shows strong bullish momentum. The price is currently at $64,861.99, and several key technical indicators suggest a positive outlook: 21-Day Moving Average: The BTC price is trading above the 21-day moving average, which is at $63,491.98. This indicates short-term bullish momentum. The price has bounced off the support zone between $62,000 and $64,000, which has held strong, suggesting robust buying interest at these levels. The next significant resistance is around the $70,000 level, as indicated by the orange dashed line. BTC has broken out of the downward channel and retested the breakout zone. This retest and subsequent hold above this zone confirm the bullish breakout. The price is well above the 50-day and 200-day moving averages, reinforcing the long-term bullish trend. If BTC continues to hold above the current support zone and gains momentum, we could see a move toward $70,000 and potentially higher in the coming weeks. If BTC fails to hold above the $62,000 - $64,000 support zone, we might see a retracement to the next support around $60,000. Bitcoin's technical indicators and recent price action suggest continuing the bullish trend, with potential upside targets above $70,000. Traders should keep an eye on the support and resistance levels and adjust their strategies accordingly. Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
Long
by CryptoSanders9563
BTC/USD is going to start a new downward move(7/16/2024)BTC had some retracement to 65k after a dramatic drop from 72k to 53.5k. Right now the price made a bearish engulfing candle in 8hr TF under a multiple resistance zone. If the price makes a new lower high, probably the price will go down under 53.5k. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Short
by fortunamarkets
BTC/USDT 4HOUR CHART ANALIYSIS !!Bitcoin has shown significant strength, breaking through the crucial resistance level of around $61,000. Currently trading at $62,617.12, BTC is nearing the next major resistance at $63,000, as indicated by the yellow horizontal line on the chart. Uptrend: Bitcoin's price is above the ascending trendline, suggesting a continuation of the bullish trend. Volume: The recent breakout is accompanied by strong volume, reinforcing the bullish sentiment. Technical Indicators: The 200-period moving average (green line) is above the price, which could act as a dynamic resistance level. Ichimoku Cloud: Provides support below the current price, indicating potential bullish support in case of a pullback. Price Action: A sustained move above $63,000 could lead to further upside targets at $64,500 and $66,000. Support Retest: If the price fails to maintain above $63,000, look for support at $61,000 and $60,000. A break below $60,000 could indicate a potential reversal. Recommendations: Look for high-volume breakouts above $63,000 to confirm the next leg up. Watch for any rejection around $63,000 or a breakdown below $60,000 to consider short positions. Bitcoin is currently at a crucial juncture, and traders should closely monitor the price action around the key resistance and support levels. Staying alert to high-volume moves and confirmation signals will help anticipate the next significant move for BTC. Monitor the broader market conditions and sentiment to align with Bitcoin's price action.
Long
by CryptoSanders9563
BTC/USDT 4HOUR CHART ANALIYSIS !!#BTC/USDT Analysis Bitcoin is currently at a critical juncture within an ascending triangle pattern. The price is facing resistance at the horizontal level but is supported by the Ichimoku cloud, suggesting the potential for a bounce. Resistance: $58,000, $59,200, $60,800 Support: $56,900, $55,800 – $56,200, $54,600, $52,940 Look for a sustained move above $58,000 with high volumes. Bearish Confirmation: A drop below $56,900 would indicate the possibility of further downside. Traders should monitor the price action closely for a breakout or breakdown to determine the next significant move. Stay alert for high-volume moves and confirmation signals to anticipate BTC's future direction.1 Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
Long
by CryptoSanders9563
BTC/USDT 4HOUR CHART ANALIYSIS !!!BTC/USDT Brief Update Price: $58,159.99 Immediate support around $56,900. Key support areas include $55,800 – $56,200 and $54,600. Key support level at $52,940. Immediate resistance at $58,000. Higher resistance levels at $59,200 and $60,800. BTC is trading above a crucial support trendline, indicating bullish potential. The yellow trendlines mark key support and resistance levels. There is a confluence of support levels around $56,900. A sustained move above $58,000 could point to further potential upside. Key targets would be $59,200 and $60,800. The green path on the chart indicates a potential bullish rally. A breakdown below $56,900 could lead to a decline towards $55,800 – $56,200. Support levels to watch further are $54,600 and $52,940. The highlighted area around $55,800 – $56,200 remains crucial to maintain the bullish structure. Watch out for a breakout above $58,000 or a breakdown below $56,900. Resistance: $58,000, $59,200, $60,800 Support: $56,900, $55,800 – $56,200, $54,600, $52,940 Recommendations: Bullish confirmation: Look for a sustained move above $58,000 with high volumes. Bearish confirmation: A drop below $56,900 would indicate the possibility of further downside. Stay alert for high-volume moves and confirmation signals to determine the next trading direction.
Long
by CryptoSanders9563
BTC/USDT 1HOUR CHART UPDATE !!Bitcoin (BTC) is currently trading at $56,900.00 against Tether (USDT) on Binance, showing a slight decline of -0.02%. BTC is currently trading above a crucial support trendline. The yellow trendlines indicate key support and resistance levels. There is a highlighted support zone between $55,800 and $56,200 (orange oval). This zone is crucial for maintaining the current bullish structure. Resistance Levels: Immediate resistance is around $57,200. Higher resistance levels are at $58,000 and $59,600. BTC is expected to test the support zone around $55,800 – $56,200. A successful rebound off this zone could lead to a bullish rally towards $58,000 and above. If BTC maintains the support zone around $55,800 – $56,200, a bullish reversal is expected. The main targets will be $57,200, $58,000, and eventually $59,600. A breakdown below the support zone could lead to further declines. The main support levels below this zone will be $54,600 and $53,800. BTC is testing a crucial support zone around $55,800 – $56,200. Keep an eye on a comeback from this support zone or a break below it. Resistance: $57,200, $58,000, $59,600. Support: $55,800, $54,600, $53,800. Keep an eye on high-volume moves to confirm the next direction. This will give a clear indication of whether the price will move higher or lower.
by CryptoSanders9563
BTCTechnical analysis of Bitcoin (BTC) against Tether (USDT) on a daily timeframe: 1. Main Bullish Trend: The chart shows a long-term bullish trend line starting from the lower left corner and extending upwards. This line has been acting as a support level for Bitcoin's price. 2. Double Top Pattern: A double top pattern is identified near the upper middle section of the chart. This pattern usually indicates a potential reversal from a bullish trend to a bearish trend. The double top resistance level is marked around the $69,000 - $70,000 range. 3. Resistance Areas: Two main resistance areas are marked on the chart: Around $60,364.70 to $59,005.00. 4. Support Levels: Two main support levels are indicated: Around $52,000.00 5. Demand Zone: A demand zone is highlighted around the $40,555.00 to $39,452.67 range. This area has historically acted as a strong support level where buyers are likely to step in. 6. Correction Zone: A potential correction zone is marked between the Fibonacci correction levels of $42,700.00 and $38,600.00. This suggests that if the price breaks below the current support levels, it could find support in this correction zone. 7. Cycle End and Start: The chart indicates the end of a cycle at $73,777.00 and the start of a new cycle at $26,900.00. This suggests that the analyst expects the price to eventually move towards these levels. 8. Current Price Movement: The price is currently around $56,457.99 and is just below the resistance areas. The green arrow suggests a potential downward move towards the correction zone if the price fails to break above the resistance levels. The price expected to go to the correction zone at the end of it is Sycle. Bitcoin Dominance (BTC.D) Analysis Chart Summary: • Timeframe: 1M (Monthly) • Current Dominance: 54.84% • Resistance Levels: Near 57.03% • Correction Zone: Between 47.94% and 45.79% • Support Level: Around 38.84% Key Observations: 1. Current Trend: Bitcoin dominance has been in an upward trend but has recently shown signs of potential reversal. 2. Correction Indicated: The chart suggests a potential correction in Bitcoin dominance, aiming for the zone between 47.94% and 45.79%. 3. Cycle End and Start: The dominance is nearing the end of its current cycle around 57.03%, with a possible cycle start anticipated near 38.84%. 4. Green Arrow: The green arrow indicates a projected decline towards the correction zone. USDT Dominance (USDT.D) Analysis: Key Observations: 1. Current Trend: USDT dominance is currently at 5.52% and has shown signs of potential increase. 2. Resistance and Support Levels: Resistance at 6.61% Support at 3.79% 3. Projected Path: The chart suggests a potential rise towards the resistance level followed by a decline towards the support level. Final Market move according to the below chart : Summary: • The chart indicates a potential bearish outlook in the short term due to the double top pattern and the failure to break above resistance levels. • If the price fails to hold the support levels around $52,000 and $50,900, it may move down towards the correction zone between $42,700 and $38,600. • The long-term bullish trend remains intact unless the price breaks significantly below the main bullish trend line. • Alts will be stable while the BTC correction including it is dominance. • Alts will increase when USDT dominance will get to the correction level . I hope this analysis will help. thanks
Short
by Tdawly_Official
BTC Bearish Pattern in Weekly ChartAfter a long time, BTC has been dropped with weekly candle below bottom line of Pi cycle average line. This is a bearish pattern based on the history. Now resistance is around 65000. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
INDEX:BTCUSDShort
by rukshan2102
BTC - RSI in TROUBLE for SHORT TERM Continuing this long standing analysis on Bitcoin since I first pointed out the danger of an M-Pattern forming: The Weekly RSI has dropped under 50 , which is bearish for the time being (until the RSI gets back above 50). However, this alone does NOT mean we're back in a bearish cycle. Watch the video to see the conditions. Previously, we were discussing the likelihood of a 20% retracement: To clarify - I still think it's likely for Bitcoin to see another ATH this year. But, as I pointed out in the fractal, it could be a multi-month playout. ___________________________ BINANCE:BTCUSDT
Short
by CryptoCheck-
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Hello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. The chart suggests a bearish outlook in the short term due to the breakdown below the trendline and the formation of a head and shoulders pattern. The next key support level to watch is around $52,408.76. If the price bounces from this level, it could indicate a potential reversal or consolidation phase. However, if it breaks below this support, further downside could be expected. Feel free to ask for a more detailed analysis or additional charts! Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
Long
by CryptoSanders9563
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Hello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. The daily candle is still at the support level of $58.300k, which is a positive sign for Bitcoin price stability. This support level is important, and staying above it shows that the bulls are still in control. If we break this support level, we will likely enter the $57k range, which indicates further bearish moves. The $60k support level is a crucial range that traders and investors are closely monitoring. For now, the $58.300k support remains strong. As long as BTC does not fall below the $58k support on the daily timeframe, a rebound is likely. This means that as long as the price stays above this level, there is a good chance of a bullish recovery. $58,000 is the main support level. Current price: $58.888. If the support breaks, the price could drop to the $57k range. As long as the $ 58k support is not broken. Do your own research before investing. Trade safely. Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
Long
by CryptoSanders9563
1
BTC to 53k?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 coming days. Don't worry even BINANCE:BTCUSDT hit 53k we are still in bull market! I will consider LONG-FUTURES trade around 53k. Will do update on entry and take profits!
Short
by terayu
BTC.USDT 1DAY CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Hello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. Look for a confirmed breakout above the resistance trendline and Ichimoku Cloud. If the breakout is confirmed by high volume and supportive indicators, consider a long position. For a bearish breakout: Look for a break below the support trendline of the triangle and Ichimoku Cloud. If the break is confirmed by high volume and supportive indicators, consider a short position. Summary Bitcoin is at a critical juncture, facing resistance from the symmetrical triangle and the Ichimoku Cloud. A confirmed breakout above these resistances could signal a strong bullish trend, while a break below the support trendline and Ichimoku Cloud would signal a bearish trend. Closely monitoring key levels and indicators will provide the signals needed to make informed trading decisions. Would you like more information on specific entry and exit points or additional analysis on related factors? Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
Long
by CryptoSanders9563
BTC FRACTAL - 20% Correction PossibleLet's do a quick recap on Bitcoin. I rediscovered a fractal from a post I made a few months ago, which compared BTC price action to NVDA price action after making an ATH. Currently, there is another Bitcoin fractal based on the M-Pattern and we take a deep dive into how far this correction could go. I'm labelling this post as "short" simply for the lack of better options. I do believe the price will correct lower, but I wouldn't take a leveraged trade so close to the a new ATH. Link to the earlier comparison with Nvidia: ___________________________ COINBASE:BTCUSD BINANCE:BTCUSDT
COINBASE:BTCUSDShort
by CryptoCheck-