BTC☀️
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Bitcoin Price Technicals Flag Bearish, Will BTC Lose $60K?
The #Bitcoin❗️ price has shown a range-bound movement over the past 48 hours, reflecting indecision in the market. Closing prices have oscillated between $60,123.73 and $60,820.0, indicating a struggle between bulls and bears around the key psychological level of $60,000. The 9 and 20 Exponential Moving Averages (EMA) have converged around $60,931.13 and $61,231.60 respectively, suggesting a lack of strong trend momentum in either direction.
The Moving Average Convergence Divergence (MACD) indicator, which measures momentum, shows a negative histogram with the MACD line consistently below the signal line. This indicates a bearish momentum in the short term, although the histogram has recently shown signs of stabilizing, suggesting a potential slowdown in bearish pressure.
Relative Strength Index (RSI) at approximately 43.26 indicates that Bitcoin is neither oversold nor overbought at the moment, reinforcing the consolidation phase observed in recent sessions.
#Bitcoin faces immediate resistance at $61,174.18, followed by stronger resistance levels at $61,828.17 and $61,975.46. On the downside, support is seen near $60,794.01, with further support levels at $60,684.01 and $60,304.95. The narrow trading range suggests that a breakout above resistance or below support could signal the next directional move. $BTC #BTC☀️
The full analysis and trade strategy were originally posted on ecoinimist.com.
The #Bitcoin❗️ price has shown a range-bound movement over the past 48 hours, reflecting indecision in the market. Closing prices have oscillated between $60,123.73 and $60,820.0, indicating a struggle between bulls and bears around the key psychological level of $60,000. The 9 and 20 Exponential Moving Averages (EMA) have converged around $60,931.13 and $61,231.60 respectively, suggesting a lack of strong trend momentum in either direction.
The Moving Average Convergence Divergence (MACD) indicator, which measures momentum, shows a negative histogram with the MACD line consistently below the signal line. This indicates a bearish momentum in the short term, although the histogram has recently shown signs of stabilizing, suggesting a potential slowdown in bearish pressure.
Relative Strength Index (RSI) at approximately 43.26 indicates that Bitcoin is neither oversold nor overbought at the moment, reinforcing the consolidation phase observed in recent sessions.
#Bitcoin faces immediate resistance at $61,174.18, followed by stronger resistance levels at $61,828.17 and $61,975.46. On the downside, support is seen near $60,794.01, with further support levels at $60,684.01 and $60,304.95. The narrow trading range suggests that a breakout above resistance or below support could signal the next directional move. $BTC #BTC☀️
The full analysis and trade strategy were originally posted on ecoinimist.com.
Congratulations To Everyone 🎈😁
This was my second profitable trade. 📊
I earned a lot of profit in it. 💰🤑💰
The result is up front. 👀✅👀
I need your feedback and Support. 🪙
If you also want to profit, follow my strategies and comment me.🎯🎯
#Recovery_Signals
#BTC☀️ #BTCETFSPOT #ETHETFsApproved #ETH_ETFs_Approval_Predictions
This was my second profitable trade. 📊
I earned a lot of profit in it. 💰🤑💰
The result is up front. 👀✅👀
I need your feedback and Support. 🪙
If you also want to profit, follow my strategies and comment me.🎯🎯
#Recovery_Signals
#BTC☀️ #BTCETFSPOT #ETHETFsApproved #ETH_ETFs_Approval_Predictions
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Exactly one year ago we were also in superinflation and the price of $BTC was at $20,369.23 and marked a rally that today is why it is worth 1$BTC
#Bitcoin #BTC☀️ #BTC🔥🔥🔥🔥🔥 #btc70k #BTCPricePredictions
#Bitcoin #BTC☀️ #BTC🔥🔥🔥🔥🔥 #btc70k #BTCPricePredictions
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Lower Than Expected Inflation Could Boost Cryptocurrency, Says Analyst
According to Odaily, Valentin Fournier, a digital asset analyst at consulting firm BRN, has suggested that lower than anticipated inflation could continue to decrease and potentially boost cryptocurrency in the coming months. Fournier's comments come amidst a global economic climate where cryptocurrencies are increasingly seen as a viable alternative to traditional financial systems.
The analyst's predictions are based on the current economic indicators and trends, which suggest a continued decrease in inflation rates. This could potentially lead to an increase in the value and adoption of cryptocurrencies. Fournier's analysis provides a fresh perspective on the potential impact of global economic trends on the digital asset market.
However, it's important to note that the cryptocurrency market is highly volatile and unpredictable. Therefore, while Fournier's predictions provide an interesting perspective, they should not be taken as financial advice. Investors are always advised to do their own research and consult with a financial advisor before making any investment decisions.
The analyst's predictions are based on the current economic indicators and trends, which suggest a continued decrease in inflation rates. This could potentially lead to an increase in the value and adoption of cryptocurrencies. Fournier's analysis provides a fresh perspective on the potential impact of global economic trends on the digital asset market.
However, it's important to note that the cryptocurrency market is highly volatile and unpredictable. Therefore, while Fournier's predictions provide an interesting perspective, they should not be taken as financial advice. Investors are always advised to do their own research and consult with a financial advisor before making any investment decisions.
The US government has recently transferred a significant amount of Bitcoin to Coinbase, intending to auction these assets. This move is part of a broader strategy to liquidate seized digital assets, potentially influencing Bitcoin's market dynamics.
Key Points:
🔹US government transfers a large volume of Bitcoin to Coinbase.
🔹Bitcoins are expected to be auctioned off soon.
🔹Potential market impact as these assets enter circulation.
#CryptocurrencyNews #BTC☀️ #Bitcoin❗ #BTC☀
Key Points:
🔹US government transfers a large volume of Bitcoin to Coinbase.
🔹Bitcoins are expected to be auctioned off soon.
🔹Potential market impact as these assets enter circulation.
#CryptocurrencyNews #BTC☀️ #Bitcoin❗ #BTC☀
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#Bitcoin! a had a great increase of 3.20% that is something very positive for those who invest in #BTC☀️ what will it be like these days, will it continue to rise or fall?
#Bitcoin #CryptoTradingGuide #Binance
#Bitcoin #CryptoTradingGuide #Binance
📉BTC Price Analysis: Here's the First Critical Support if Bitcoin Drops Below $60K
Bitcoin has seen a significant decline recently, dropping below key levels after failing to sustain above $70K. Here’s a breakdown of what’s happening:
📈 Technical Analysis
On the daily chart, BTC has been trending downwards since early June after hitting resistance near $72K. It’s now approaching a critical support at $60K, with the 200-day moving average around $58K. A break below $60K could lead to further downside towards the moving average.
On the 4-hour chart, BTC broke a large falling wedge pattern to the downside and is now testing the $60K support zone. The Relative Strength Index (RSI) suggests oversold conditions, hinting at a possible short-term rebound or consolidation around $60K.
📊 On-Chain Analysis
The Short-Term Holder SOPR (Sell On Profit Ratio) reflects investor sentiment. As BTC’s price drops, many short-term holders are seeing their profits shrink, potentially leading to market exits and realized losses if prices dip below $60K. However, such lows could mark opportunities, especially in a continuing bull market scenario.
💬 Market Outlook
While current indicators suggest caution with BTC approaching critical support levels, market sentiment remains pivotal. Traders are closely watching how BTC reacts around $60K, anticipating either a bounce or further downside towards $58K.
Stay tuned for more updates as the market dynamics unfold. Remember, volatility in cryptocurrency markets offers both risks and opportunities. #Bitcoin #CryptoUpdate #MarketAnalysis #bitcoin #BTC☀️
ℹ️ Remember, trading cryptocurrencies involves risks. Always do your research and consider your risk tolerance before making investment decisions.
Bitcoin has seen a significant decline recently, dropping below key levels after failing to sustain above $70K. Here’s a breakdown of what’s happening:
📈 Technical Analysis
On the daily chart, BTC has been trending downwards since early June after hitting resistance near $72K. It’s now approaching a critical support at $60K, with the 200-day moving average around $58K. A break below $60K could lead to further downside towards the moving average.
On the 4-hour chart, BTC broke a large falling wedge pattern to the downside and is now testing the $60K support zone. The Relative Strength Index (RSI) suggests oversold conditions, hinting at a possible short-term rebound or consolidation around $60K.
📊 On-Chain Analysis
The Short-Term Holder SOPR (Sell On Profit Ratio) reflects investor sentiment. As BTC’s price drops, many short-term holders are seeing their profits shrink, potentially leading to market exits and realized losses if prices dip below $60K. However, such lows could mark opportunities, especially in a continuing bull market scenario.
💬 Market Outlook
While current indicators suggest caution with BTC approaching critical support levels, market sentiment remains pivotal. Traders are closely watching how BTC reacts around $60K, anticipating either a bounce or further downside towards $58K.
Stay tuned for more updates as the market dynamics unfold. Remember, volatility in cryptocurrency markets offers both risks and opportunities. #Bitcoin #CryptoUpdate #MarketAnalysis #bitcoin #BTC☀️
ℹ️ Remember, trading cryptocurrencies involves risks. Always do your research and consider your risk tolerance before making investment decisions.
"Hopefully Bitcoin breaks $73k in 2024!
As we continue to navigate the unpredictable world of cryptocurrency, one thing is clear: Bitcoin remains the king. With its decentralized nature and limited supply, Bitcoin has the potential to reach new heights in 2024.
Reaching $73,000 would be a significant milestone for Bitcoin, solidifying its position as a store of value and a hedge against inflation. The recent surge in institutional investment and growing mainstream adoption suggest that this goal is within reach.
Breaking $73,000 would also open up new opportunities for investors, traders, and enthusiasts alike. It would demonstrate the resilience and growth potential of the cryptocurrency market, paving the way for further innovation and development.
So, let's keep our eyes on the charts and our fingers crossed. Here's to hoping that Bitcoin breaks $73,000 in 2024 and continues to shape the future of finance!"
#btcupdates2024 #btc70 #BTC100Ksoon #BTC☀ #BTC☀️
As we continue to navigate the unpredictable world of cryptocurrency, one thing is clear: Bitcoin remains the king. With its decentralized nature and limited supply, Bitcoin has the potential to reach new heights in 2024.
Reaching $73,000 would be a significant milestone for Bitcoin, solidifying its position as a store of value and a hedge against inflation. The recent surge in institutional investment and growing mainstream adoption suggest that this goal is within reach.
Breaking $73,000 would also open up new opportunities for investors, traders, and enthusiasts alike. It would demonstrate the resilience and growth potential of the cryptocurrency market, paving the way for further innovation and development.
So, let's keep our eyes on the charts and our fingers crossed. Here's to hoping that Bitcoin breaks $73,000 in 2024 and continues to shape the future of finance!"
#btcupdates2024 #btc70 #BTC100Ksoon #BTC☀ #BTC☀️
Moving Averages (MAs) and Bollinger Bands (BB):
The price frequently interacts with its MAs and occasionally touches the Bollinger Bands, indicating fluctuating volatility. Current positioning below some of the shorter MAs could suggest bearish momentum.
Volume:
Significant volume spikes correlate with sharp price movements, suggesting key moments of trader interest which can serve as potential support or resistance areas in future sessions.
MACD (Moving Average Convergence Divergence):
The MACD line is close to the signal line but below it, indicating a potential bearish crossover. Watch for the MACD to move above the signal line as a possible bullish indicator.
RSI (Relative Strength Index) and Stochastic:
Both RSI and Stochastic are not in the overbought or oversold territory, indicating no extreme conditions currently. However, their mid-level positioning suggests a lack of strong momentum.
Candlestick Formations:
Recent candlesticks show some consolidation with short bodies and small shadows, suggesting indecision among traders.
Conclusion for the next 24 hours:
Given the consolidation pattern, the proximity of MACD lines, and the neutral territory of RSI and Stochastic, it's likely the market may continue in a range-bound state with potential for slight bearish or bullish swings depending on external market influences or trader sentiment shifts. Keep an eye on the MACD for potential trend changes and volume for confirmation of direction.
$BTC
#btc #btc70k #BTC☀️ #ETHETFsApproved
The price frequently interacts with its MAs and occasionally touches the Bollinger Bands, indicating fluctuating volatility. Current positioning below some of the shorter MAs could suggest bearish momentum.
Volume:
Significant volume spikes correlate with sharp price movements, suggesting key moments of trader interest which can serve as potential support or resistance areas in future sessions.
MACD (Moving Average Convergence Divergence):
The MACD line is close to the signal line but below it, indicating a potential bearish crossover. Watch for the MACD to move above the signal line as a possible bullish indicator.
RSI (Relative Strength Index) and Stochastic:
Both RSI and Stochastic are not in the overbought or oversold territory, indicating no extreme conditions currently. However, their mid-level positioning suggests a lack of strong momentum.
Candlestick Formations:
Recent candlesticks show some consolidation with short bodies and small shadows, suggesting indecision among traders.
Conclusion for the next 24 hours:
Given the consolidation pattern, the proximity of MACD lines, and the neutral territory of RSI and Stochastic, it's likely the market may continue in a range-bound state with potential for slight bearish or bullish swings depending on external market influences or trader sentiment shifts. Keep an eye on the MACD for potential trend changes and volume for confirmation of direction.
$BTC
#btc #btc70k #BTC☀️ #ETHETFsApproved
$SOL #MarketSentimentToday $BTC $ETH
The cryptocurrency market is bracing for a short-term downturn, i am predicting a bearish trend in the coming days. This volatility is nothing new in the crypto space, but it's essential to be prepared for potential price fluctuations.
As investors and my followers, it's crucial to stay informed and up-to-date on market trends, news, and analysis to make informed decisions. Keep a close eye on market indicators, technical analysis, and my insights to navigate this dynamic landscape.
Remember, the crypto market can shift rapidly, and being proactive is key to maximizing your investments This bearish moment is only for a short period of time, after that i am hoping a wave of bull 💹. Stay tuned for updates, news, and predictions to stay ahead of the curve.
#BTC☀ update:
Hitting $71,000 will trigger the liquidation of around $2 billion in short positions.
BIAS:
Mid-Term: BULLISH
Short-Term: BULLISH
--------------------
As expected the price action of #BTC☀️ bounced back accordingly as i expected.
Currently, the price action has broken down its horizontal support level which is marked between the $68,905 to $68,098 level.
If the price action closes below its support level, we will see the drop in the price action of #BTC☀️
-------------------
MAIN INTEREST LEVELS
⬇️SHORT⬇️
$70,692
⬆️LONG⬆️
$68,271
PREDICTED DAILY RANGE
$73,937 to $62,994
Every five years, very old coins begin to move. In this cycle, there was a historical peak at 0.37.
This has little impact on the market, it simply means that old holders receive cash every five years for waiting.
The cryptocurrency market is bracing for a short-term downturn, i am predicting a bearish trend in the coming days. This volatility is nothing new in the crypto space, but it's essential to be prepared for potential price fluctuations.
As investors and my followers, it's crucial to stay informed and up-to-date on market trends, news, and analysis to make informed decisions. Keep a close eye on market indicators, technical analysis, and my insights to navigate this dynamic landscape.
Remember, the crypto market can shift rapidly, and being proactive is key to maximizing your investments This bearish moment is only for a short period of time, after that i am hoping a wave of bull 💹. Stay tuned for updates, news, and predictions to stay ahead of the curve.
#BTC☀ update:
Hitting $71,000 will trigger the liquidation of around $2 billion in short positions.
BIAS:
Mid-Term: BULLISH
Short-Term: BULLISH
--------------------
As expected the price action of #BTC☀️ bounced back accordingly as i expected.
Currently, the price action has broken down its horizontal support level which is marked between the $68,905 to $68,098 level.
If the price action closes below its support level, we will see the drop in the price action of #BTC☀️
-------------------
MAIN INTEREST LEVELS
⬇️SHORT⬇️
$70,692
⬆️LONG⬆️
$68,271
PREDICTED DAILY RANGE
$73,937 to $62,994
Every five years, very old coins begin to move. In this cycle, there was a historical peak at 0.37.
This has little impact on the market, it simply means that old holders receive cash every five years for waiting.
