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Sudir khan
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Crypto market has crashed and Bitcoin is experiencing a free fall!
Bitcoin is experiencing its worst price crash since 2022, falling more than 10 per cent on Monday morning to hit a six month low!
#MarketDownturn
Bitcoin is experiencing its worst price crash since 2022, falling more than 10 per cent on Monday morning to hit a six month low!
#MarketDownturn
Just the beginning🔥
If we examine the rolling performance of the Bitcoin market across weekly 🟥, monthly 🟦 and quarterly 🟧 timeframes, we can see generally strong performance, recording values of +3.3%, +7.4%, and +25.6%, respectively.
To highlight periods of particularly strong price performance, we can count the number of trading days within a 90d window where performance across all three timeframes exceeds +20%. Only 5 days through the last quarter have reached this threshold so far.
In prior cycles, this count reached between 18 and 26-days, which suggests the current market may be somewhat more measured relative to historical bull markets.
To highlight periods of particularly strong price performance, we can count the number of trading days within a 90d window where performance across all three timeframes exceeds +20%. Only 5 days through the last quarter have reached this threshold so far.
In prior cycles, this count reached between 18 and 26-days, which suggests the current market may be somewhat more measured relative to historical bull markets.
BTC/USDT ANALYSIS
Bitcoin is currently trading within a descending triangle pattern. It is rebounding from the horizontal support zone of the triangle, with the 100-day moving average acting as resistance.
A breakdown below the support zone would indicate a bearish trend, while a breakout above the triangle would suggest a bullish trend in the crypto market. Stay tuned for further updates.
Bitcoin is currently trading within a descending triangle pattern. It is rebounding from the horizontal support zone of the triangle, with the 100-day moving average acting as resistance.
A breakdown below the support zone would indicate a bearish trend, while a breakout above the triangle would suggest a bullish trend in the crypto market. Stay tuned for further updates.
Former President Donald Trump has made a significant shift in his stance on cryptocurrency, declaring his support for the industry and vowing to protect Bitcoin from regulatory overreach. This announcement comes as Trump gears up for the 2024 presidential election, positioning himself as a pro-crypto candidate in
BTC Next move 74k$🚀
Bitcoin has been rejected from the trendline and is now moving sideways. We will likely see a continuation of the sideways movement for the next couple of days before the next move. The support level is currently at $59,000-$60,000, and the market is bullish as long as BTC is trading above it.
#BullorBear #BTC
#BullorBear #BTC
#S&P 500 ANALYSIS
The S&P 500 is gaining momentum again after testing the MA 21 support. The Ichimoku cloud indicates a bullish trend, suggesting a continuation of the upward movement from here.
In the event of a retracement, it is likely to retest the horizontal support of the triangle. It's important to note that it tends to correlate with the movements of the crypto market.
#BTC
The S&P 500 is gaining momentum again after testing the MA 21 support. The Ichimoku cloud indicates a bullish trend, suggesting a continuation of the upward movement from here.
In the event of a retracement, it is likely to retest the horizontal support of the triangle. It's important to note that it tends to correlate with the movements of the crypto market.
#BTC
#BinanceCelo