Bitcoin monthly candle is closing in 2 days and is retesting the previous all-time highs! 👀

#Crypto #Bitcoin #BitcoinHalvingTrends
$BTC

#Bitcoin is forming a symmetrical triangle pattern.

Resistance is coming from the Ichimoku cloud and the 100-day moving average.

The MACD crossover suggests a shift to bullish momentum.

It's recommended to wait for a clear breakout or breakdown of the triangle to confirm the next direction.

Stay tuned I will keep updating

#Crypto #BitcoinHalvingTrends $BTC

#Bitcoin  price is approaching support levels marked by horizontal lines and trendlines.
A drop below these lines could indicate a bearish trend.
Currently below the Ichimoku cloud and the MA 200, suggesting downward pressure.
Breaking above the Ichimoku cloud with strong trading volume could signal a shift to bullish sentiment.

Stay tuned for further updates.

DYOR, NFA

#Crypto #Bitcoin #BitcoinHalvingTrends
$BTC

Considering Bitcoin's historical patterns, before the 2012 halving, the month prior was relatively neutral. In the 2016 example, we witnessed a major upswing about a month after the halving, followed by a brief downturn before a continued upward trend. Despite the 2020 halving being amidst a pandemic-induced market crash, there was a significant recovery just before it. Post-halving, there was sideways movement for about a month, followed by a bullish trend. Generally, bullish trends surround halvings, with short-term bearish moves being possible but overshadowed by larger bullish trends. Historically, significant market movements occur within a year of a Bitcoin halving.

https://x.com/cryptomojo_ta/status/1783903863134957980?s=46

#Crypto

#Bitcoin Update

BTC tested the support level as anticipated. Right now, it's encountering resistance from the Ichimoku Cloud. To push higher, we need to break through this resistance. On the flip side, if the price consistently falls below $61,500, it indicates a bearish trend.

Currently, the price is caught between these levels, so I anticipate that this week or the weekend will remain the same. However, expect some big moves next week as volatile news emerges.

Stay tuned for further updates.

DYOR, NFA

#bitcoinhalving #BinanceLaunchpool #Crypto #Bitcoin

In the cryptocurrency market, miners tend to sell more of their earned coins as halving events approach. Halving reduces mining rewards by half, prompting miners to cover their costs by selling more coins. This selling pressure from miners can drive prices down before a halving event.

Recently, in January 2024, there was a notable increase in miners selling off their coins. This was due to miners transferring a large amount of their coins to a Bitcoin (BTC) Exchange-Traded Fund (ETF) after it received approval.

#Crypto #BitcoinHalving
$BTC

#Bitcoin has made a clear upward move, as seen in the daily and 12-hour candlestick charts. Expecting a retracing back to a support area for a retest, with expectations of continuing upward.

However, it's currently trading below the Ichimoku cloud. To boost confidence among buyers, Bitcoin needs to climb above this cloud.

On the other hand, there's a lot of activity on the blockchain, showing that the market is handling the pressure well.

Stay tuned for more updates
DYOR, NFA
#Crypto #Bitcoinhalving #Bitcoin

The Bitcoin Halving has happened again.

Bitcoin's halving makes it rarer over time. This means fewer new Bitcoins are made, which could make existing ones more valuable. It happens every 4 years and just occurred again, cutting the reward for mining new coins. This scarcity is why Bitcoin might be seen as a valuable digital asset compared to gold.

#bitcoinhalving #Bitcoin

#Bitcoin Update

Bitcoin's price dropped quickly when news broke of a potential conflict between Israel and Iran. It nearly reached a support level but then started recovering fast. This shows that the market is optimistic, but we're still stuck in a price range, so it's best to wait for a breakout.

If the price stays above this support level, we can expect a bounce upwards. However, if it breaks below this level, we might see the price drop toward $50,000.

Currently, the 100-day Simple Moving Average (SMA) is acting as support, and this blue line is strong support, which is around 50k.

20 hours left in Bitcoin halving, what do you expect?

I'll continue to provide updates, so stay tuned for more information.

DYOR,NFA

#Crypto #BitcoinHalving
$BTC

#Bitcoin  Update

In the 12-hour time frame, BTC bounced from the lower support and 50 SMA is also working as a support. A bullish move is expected from here,

But a sustained breakdown of the lower support and 50SMA would confirm bearish sentiment.

Stay tuned

DYOR, NFA

#Crypto #bitcoinhalving

#Bitcoin Update

BTC is approaching the lower support level, with the 200-day simple moving average (200SMA) providing additional support. A candle closing below this lower support would signal a shift towards a bearish trend.

Currently, I'm waiting for confirmation before making any decisions.

Stay tuned for further updates.

$BTC

#Bitcoin  Weekly Update

Bitcoin closed the weekly candle above the support level, suggesting a potential bounce soon.

Currently, Bitcoin is trading above its 200-day moving average (MA) and an important horizontal support level. But it is below the Ichimoku cloud. For the bulls to feel more confident, Bitcoin needs to break above the Ichimoku cloud. However, if Bitcoin breaks below the 200MA and lowers support for an extended period, it could confirm a bearish trend.

Stay tuned I will keep updating.

#BitcoinHalvingDrama #BTC🔥🔥🔥🔥🔥🔥
$BTC $ETH

#Bitcoin Weekly Technical Analysis 📈

Bitcoin surpassed its previous all-time high of $69,028, reaching a new peak at $73,773. Currently, it's trading above a strong support level ranging from $64,500 to $66,300, which is considered a robust technical support zone. As the week concludes, Bitcoin needs to hold above this support area.

The price of Bitcoin declined towards the week's end due to news about tensions between Israel and Iran.
If Bitcoin remains within this range, it could consolidate or potentially drop further. It's wise to observe and wait for the market to stabilize before making any decisions.

Stay tuned for further updates.
#DYOR #Crypto #BTC🔥🔥🔥🔥🔥🔥

BTC Update:

BTC has been rejected from the resistance level of $71000 to $72300 and is currently hovering around the lower support level of the triangle. If it continues to hold this lower support, we can expect a bounce in the near future.
However, the pattern will be invalidated if it breaks below this lower support level.

Stay tuned for more updates - I will keep you informed.

#BTC🔥🔥🔥🔥🔥🔥 #Bitcoin #Crypto

#Bitcoin Update

There is not much change; it is still facing this resistance of $71,000 to 71,300. We need to surpass this resistance and the ATH resistance to confirm a bigger upward movement.
until then, wait for confirmation.

#DYOR #BTC #Bitcoin

#Bitcoin Update

Bitcoin is currently retesting this triangle pattern, and we’re hoping it holds up without any fakeouts. If it does, we still need to break above the highest point ever reached to confirm a bigger move upwards. Until then, it’s best to wait for confirmation before making any decisions.

I’ll keep you posted with updates.

#BTC、 #BitcoinHalvingDrama #Crypto

#Bitcoin has broken out of the symmetrical triangle pattern and is currently encountering resistance at the all-time high (ATH). A retest of this pattern is anticipated to confirm the breakout. Further upside movements are contingent upon a breakout above this ATH resistance level.

Stay tuned for ongoing updates.
#BTCHalvingApril2024 #BTC、 #Crypto
$BTC $ETH $BNB

#AITECH is currently forming a falling wedge pattern. We expect a good bounce after the breakout of this pattern. There is an accumulation phase before its next upward movement unless this support zone is breached. The overall sentiment remains bullish.

Here 200MA is also working as a good support.

For those yet to enter, the accumulation zone ranges from $0.23 to $0.256.

Remember to DYOR, NFA!

#Crypto #Buy #LongHold

#Bitcoin remains within a triangle pattern, with minor resistance at $38,400.

• Bulls must break out of the triangle to confirm a bullish scenario.

• In the worst-case scenario, if lower support and 100MA support are broken, Bitcoin may drop to a range between $62,000 to $60,000.

• Stay tuned for further updates.
#BTC #Crypto #BTCHalvingApril2024

There has been no change in the price, and it is still trending above the lower support.

#BTC、 #Bitcoin #Crypto