Binance Square
Home
Notification
Profile
Trending Articles
News
Creator Center
Settings
LIVE
LIVE
Crypto freaks
--・61 views
💎 #BTC/USDT ANALYSIS BTC is moving in an ascending triangle on 12h TF. Currently, it is trading above the ascending trendline and the MA 50. The Ichimoku cloud is showing a positive trend. A bounce from here and break out of the ascending triangle would be a strong bullish confirmation. If it breaks down the triangle, that would be a sign of short-term correction in the market.

💎 #BTC/USDT ANALYSIS

BTC is moving in an ascending triangle on 12h TF. Currently, it is trading above the ascending trendline and the MA 50. The Ichimoku cloud is showing a positive trend.

A bounce from here and break out of the ascending triangle would be a strong bullish confirmation. If it breaks down the triangle, that would be a sign of short-term correction in the market.

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
0
Explore Content For You
Sign up now for a chance to earn 100 USDT in rewards!
or
Sign up as an entity
or
Log In
Relevant Creator
LIVE
Crypto freaks
@Cryptofreaks

Explore More From Creator

The Federal Open Market Committee is poised to keep rates in a range of 5.25% to 5.5% at its two-day policy meeting, a two-decade high first reached in July. The rate decision and economic forecasts will be released at 2 p.m. in Washington. Chair Jerome Powell will hold a press conference 30 minutes late #fomc #AltSeason #btchalving2024 #halving
--
💰 Bitcoin ETFs now hold nearly $4 billion in assets According to early numbers shared by Eric Balchunas, senior ETF analyst for Bloomberg, the inflows of capital into the nine new ETFs has outpaced outflows from the Grayscale Bitcoin Trust (GBTC), which has seen the value of its assets under management fall by $2.8 billion over the six-day period. #ETFApprovalDreams #BTC
--
After touching the major support at 40,000, BTC is now trading near 41,800. It's hard to determine if the downtrend has ended. There's a significant resistance zone from 42,700 to 43,500, and another from 43,200 to 43,900. If these big resistances break with volume, BTC has a chance to reach the 44,000 to 44,700 zone, facing another significant resistance before heading towards 46,000 to 47,000. If the support is broken, it could lead to a drop towards 38,000, then 35,000, and finally 33,000. The market structure is currently bearish, but on a lower timeframe, it seems to be turning bullish. The price is also building liquidity below the support, which could lead to a market sweep soon. It's advisable to wait for further price development.
--
#Bitcoin is bouncing back from the demand zone of $40k. As I mentioned, as long as $40k holds, we are in good shape. It is important to see how the weekly close will be. For now, BTC can most likely make an attempt to breach the $44k resistance level. #BTC #MANTA #Launchpool
--
JUST IN: 💰 Cboe files request for acceleration with the SEC for Fidelity, VanEck, ARK 21Shares, and Franklin Templeton spot Bitcoin ETFs #etf #BTC
--

Latest News

Bitcoin(BTC) Surpasses 65,000 USDT with a 2.40% Increase in 24 Hours
--
Ape Terminal Cancels IDO Due To Recent Events At Decentralized Betting Platform ZKasino
--
Ernst & Young Launches Ethereum-Based Contract Management Solution
--
BNB Surpasses 570 USDT with a 1.97% Increase in 24 Hours
--
Bitcoin(BTC) Surpasses 65,000 USDT with a 1.50% Increase in 24 Hours
--
View More
Sitemap
Cookie Preferences
Platform T&Cs
Sitemap
Platform T&Cs
ba-one-trust-cookie