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#Bitcoin DailyChart : #BTC bounced today with Nasdaq. - Daily Support: $53500 - Daily Resistance: $57,000 and $60,500 - Bullish RSI divergence on chart and Stoch RSI is showing positive momentum. $BTC
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Want to know how understand Candles? Read this article - Practical Guide
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#BTC/USDT ANALYSIS Bitcoin is consolidating within a descending triangle and is currently trading inside a key horizontal demand zone. A bounce from this zone is possible, as it often serves as support. However, the Ichimoku Cloud is indicating bearish momentum, which could pressure the price further. If Bitcoin breaks below the triangle and confirms the breakdown with a retest, we could see a continuation of the downward trend. This is a critical level to watch closely. #btc73k #write2earn #analysis $BTC
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#TOTAL MARKET CAP ANALYSIS The total cryptocurrency market cap is consolidating within a bull flag pattern. It is currently trading below the Ichimoku Cloud, which is acting as a resistance barrier above the current price action. A breakout above the Ichimoku Cloud and the pattern's resistance trendline would provide strong bullish confirmation. Conversely, if the market cap breaks below the support trendline, the pattern will be invalidated. #BinanceTurns7 $BTC $BNB $SOL
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BITCOIN IS PERFECTLY FOLLOWING THE PAST 3 ELECTION YEARS PATTERN - 4 MONTHS OF CONSOLIDATION - CONSOLIDATION RANGE IS 30%-35% - ONE DROP OF 25% OR MORE DURING THAT TIME PERIOD - BREAKOUT IN OCTOBER OR NOVEMBER #CryptoMarketMoves #BinanceTurns7 #BTC $BTC
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