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İbrahim COŞAR (BİTCOŞAR)
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Housing loans are not given to people to meet their need to buy a house, they are given so that banks can make money.
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İbrahim COŞAR (BİTCOŞAR)
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#Bitcoin has closed the day above 104K. The 104K resistance level has been broken, but it's wise to stay cautious due to the risks of both a fake breakout and the potential for a Bloody Monday. For healthy progress, it would be ideal to see this resistance level hold for a few more days. The 100K level is a psychological zone for #BTC , so be mindful of possible fake breakouts and traps. I recommend revisiting my Bitcoin analysis where I set a 120K price target. If we see a few more daily closes above this 104K resistance, it’s likely that BTC could reach my 120K target. We'll revisit the price action during the live stream tonight. $BTC ✅ My Free Altcoin Portfolio for the Mega Bull Season: http://bit.ly/ibrahimcosar58 - Check out my portfolio to seize these opportunities! ✅ BMK Crypto Education Academy: http://bit.ly/BMKAkademi (50% Discount) - Don’t miss this opportunity to master the crypto world with our comprehensive training! NOTE: If you experience technical issues accessing my Altcoin Portfolio or BMK, feel free to reach out via our official email address: info@bitcosar.com.
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I have noticed a pattern in the #Bitcoin price chart for a while now. I was waiting to see if other analysts would spot it and share it, as I didn’t want to influence anyone. However, as of now, it seems that no analyst has noticed it yet. $BTC I have been closely monitoring the market for a long time, hoping this pattern might change, but it hasn’t. Now, I can’t wait any longer, and I’d like to share it. In the Bitcoin price chart, we’ve been seeing higher peaks for the last month. These rising peaks suggest that the price is gaining upward momentum. However, the RSI indicator is showing lower peaks despite the price rising. This situation is known as ‘divergence’ in technical analysis and is referred to as a negative (bearish) RSI divergence. When the price rises but the RSI falls, it typically indicates that the market is losing strength, increasing the likelihood of a correction or pullback in the short/medium term. When negative RSI divergence occurs, the possibility of manipulation in price movements should not be ignored. That is, there could be manipulation in the market. Even if the price continues to rise, the RSI indicator not supporting this rise suggests that the uptrend may not be sustainable and could carry a significant risk of a drop. Over the last month, Bitcoin’s price has risen from the 92K level to 102K. However, during this period, the RSI has dropped from 85 to 64. Additionally, Bitcoin has been attempting to break through the 102K resistance level for the last 10 days, but it has failed to achieve a sustained breakout above the 102K or even the 102.5K level. I wanted to share this observation, but please remember: You should never act on a single data point. It’s essential to analyze the data comprehensively. This analysis does not mean “open a short position”; making decisions based on a single move can put you in a risky situation. During this period, avoid using leverage, and always keep some cash balance in your portfolio. Caution always leads to success.
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RSI Divergence in Bitcoin: Could There Be Manipulation Behind the Rise?
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Rising Inflation and the Fed's Rate Cut: A Critical Moment for Crypto and Stocks
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Nvidia (NVDA) shares have plunged by approximately 13% over the past 20 days. Obstacles are being laid in Nvidia’s path. Beware! If the 132 support level is broken, it could drop to 100.
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