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Bitcoin (BTC) Price Analysis
Bitcoin maintained a positive outlook today, hovering around $33,819. But, it hit a roadblock at $34,700, testing the 61.8% retracement from its recent drop.
Recent highs near $35,157 were aiming for the $35,035 target related to earlier gains at $29,328 and $32,525.
More targets await at $35,718, $36,541, and beyond.
Support levels are around $32,993, $31,652, and $30,028, with stop orders below. Resistance is seen at $36,541, $37,239, and $38,584, with stop orders above.
Technical indicators show the 50-bar MA (4-hourly) riding above the 100-bar and 200-bar MAs, signaling bullish strength. However, on the hourly chart, the 50-bar MA is under the 100-bar MA but above the 200-bar MA.
On the 4-hourly chart, slowk is bullish over SlowD, while MACD is bearish. On the hourly chart, slowk is bearish against SlowD, but MACD is bullish.
Keep in mind that this analysis is for informational purposes only and doesn't constitute financial advice.
Trade wisely #BTC #Bitcoin #Crypto2023 #cryptocurrency #PEPE $BTC $ETH $PEPE
Bitcoin maintained a positive outlook today, hovering around $33,819. But, it hit a roadblock at $34,700, testing the 61.8% retracement from its recent drop.
Recent highs near $35,157 were aiming for the $35,035 target related to earlier gains at $29,328 and $32,525.
More targets await at $35,718, $36,541, and beyond.
Support levels are around $32,993, $31,652, and $30,028, with stop orders below. Resistance is seen at $36,541, $37,239, and $38,584, with stop orders above.
Technical indicators show the 50-bar MA (4-hourly) riding above the 100-bar and 200-bar MAs, signaling bullish strength. However, on the hourly chart, the 50-bar MA is under the 100-bar MA but above the 200-bar MA.
On the 4-hourly chart, slowk is bullish over SlowD, while MACD is bearish. On the hourly chart, slowk is bearish against SlowD, but MACD is bullish.
Keep in mind that this analysis is for informational purposes only and doesn't constitute financial advice.
Trade wisely #BTC #Bitcoin #Crypto2023 #cryptocurrency #PEPE $BTC $ETH $PEPE
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Where my funny bears call the target again
20 thousand bitcoins?
You missed the entire move from 26k because at 26k you wanted to sell short to 12k.
But the price never dropped below 25 thousand.
How do you expect Bitcoin to go back and forth now at 34k when it could have more easily fallen to 26k but didn't?
Funny bears make jokes because they have no price logic
Bitcoin has never been a ranked asset.
If you are considering Bitcoin as a memcoin, you need to check your IQ
#BTC #эфир #тренд $BTC $ETH $USDC
20 thousand bitcoins?
You missed the entire move from 26k because at 26k you wanted to sell short to 12k.
But the price never dropped below 25 thousand.
How do you expect Bitcoin to go back and forth now at 34k when it could have more easily fallen to 26k but didn't?
Funny bears make jokes because they have no price logic
Bitcoin has never been a ranked asset.
If you are considering Bitcoin as a memcoin, you need to check your IQ
#BTC #эфир #тренд $BTC $ETH $USDC
See original
As drivers of the expected growth, experts pointed to expectations of institutional adoption of the first cryptocurrency and the instability of the US debt-to-GDP ratio.
According to experts, institutions saw Bitcoin as a “safe haven asset” like gold and US Treasuries. They began to consider it to diversify their investment portfolio.
#BTC #etc #крипто #аналитика #рекомендации
According to experts, institutions saw Bitcoin as a “safe haven asset” like gold and US Treasuries. They began to consider it to diversify their investment portfolio.
#BTC #etc #крипто #аналитика #рекомендации
See original
#MyFirstFeedPost The correlation between Bitcoin and the stock market has reached its lowest level since 2021. The military-technical cooperation is growing against the backdrop of declining US stocks and globally looks like an increasingly reliable instrument against inflation (santiment)
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