$BTC UPDATE 👀 26/06/24

As you all know Btc trading above 61k
As said btc closed above on our zone trend line support Successfully closed done.

Now currently retesting ongoing there after successfully retest we can se upward move.

Now just sent 3940 btc on coinbase as you know if selling happens then it will invalidate but let's see how it will hold this area.

Till we'll wait for proper breakout above our zone till trade safe use low levrge if you are taking Trades by yourself.

Thanks! 😇

$BTC #BinanceTournament #bitcoin #BitcoinAnalysis #salmankhanwazir @Salman Khan Wazir

$BTC VIP Analysis
-
BIAS:
Mid-Term: BEARISH
Short-Term: BEARISH
--
As expected, the price action of $BTC showed a short-term increase. 📈 The price action is forming a Bullish Harmonic Shark pattern and consolidating at its horizontal support level, marked between $60,714 and $50,539. 📊

We can anticipate a short-term bounce back from this level. 📉🔄
-
MAIN INTEREST LEVELS

⬇️SHORT⬇️
$61,408

⬆️LONG⬆️
$60,974

PREDICTED DAILY RANGE
$67,652 to $61,125
--
VIP ACTION PLAN

On the H1 timeframe, the price action reveals an FVG gap level marked between $59,953 and $59,635. 📊

If the price action loses the horizontal support level, it could move to fill this gap. 📉
-
Salman Khan Wazir®

#BinanceTournament #BTC☀ #bitcoin #BitcoinAnalysis #salmankhanwazir @Salman Khan Wazir

Market Analysis 👀

June 26, 2024
➖➖➖➖➖
⚪️TECHNICAL (4H)
The price action of $BTC on daily timeframe level has got rejected from its horizontal resistance level which was marked between the $71,438 to $70,282 level.

Previously the price action was consolidating in a compression level and after breaking down the neckline of the price movement it grabbed out all the liquidities of the sell side.

⚪️WRAP-UP (VIP)
Currently, the price action is reclaiming out its horizontal support level where the price action is taking out the can show us the some of the short term bullish movements.

$BTC DAILY RANGE:
📈Upper Limit: $63,946
📉Lower Limit: $56,750
(+-12% based on moving average volatility open/endpoints)

📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲$62,016
🔴SHORT
💲$59,742
➖➖➖➖➖
Salman Khan Wazir®
#btc #bitcoin #BTCUpdate #BitcoinAnalysis #salmankhanwazir

#Write2earn
Bitcoin Price Drops: Will the 0.618 Fibonacci Level Hold?
#Bitcoin #BitcoinAnalysis #FibonacciLevels $BTC

Bitcoin has recently fallen below the crucial $63,000 support level after clinging to $64,000. The big question now is whether the 0.618 Fibonacci level will offer support or if there is a further drop on the horizon.

A Big Swing Towards Fear
The market sentiment has shifted dramatically. The Fear and Greed Index, which was in the mid-70s indicating extreme greed, has now swung to a neutral score of 51. This 20-point drop from last week highlights increasing fear among investors.

Serious Concerns for Price
Several factors are contributing to Bitcoin's struggle. Miners are selling off their holdings, long-term holders are taking profits, and hedge funds are leveraging their "carry trade" strategies effectively. If Bitcoin falls below $60,000 and stays there, the market could see a further drop to $48,000. Although this would still be within a bull market, it might extend the overall duration and limit the peak.

$BTC Bullish Wedge Pattern
Despite the current fear, it's not time to panic. On the short-term 4-hour chart, Bitcoin is forming a downward sloping wedge, a typically bullish pattern. A breakout to the upside is more likely, but a downward break would be very bearish.

0.618 Fibonacci is Strong Support
Looking at the weekly chart, Bitcoin is holding above the 0.618 Fibonacci level. The stochastic RSI is at the bottom, suggesting a potential bounce. If Bitcoin falls to the 0.786 Fibonacci level, the likelihood of a bounce increases as this aligns with previous strong support.

Remember, This is Bitcoin
Amidst the uncertainty, it's important to remember that Bitcoin is in a bull market. Given the volatility and uncertainty in fiat currencies, many investors see Bitcoin as a valuable asset. While the price may be choppy over the summer, it's expected to revisit all-time highs eventually.

$BTC recent price analysis shows it has tested the lower boundary of its established range between $64,602 and $72,000 on June 18. The lack of a strong rebound from this support level suggests continued selling pressure from bears.
With the 20-day exponential moving average currently at $67,249 and the relative strength index (RSI) below 40, the market momentum favors the bears. A breach of the $64,602 support level could potentially push the BTC/USDT pair down to $60,000.
Nevertheless, the bulls are expected to defend the $64,602 support level vigorously. A reversal from the current price level, coupled with a move above the 20-day EMA, would indicate the beginning of a strong recovery phase. In such a scenario, the pair could target a climb towards $70,000.

$ETH $BNB

#BTC #bitcoin #BitcoinAnalysis #Binance

#Write2earn

Is the Downtrend Over?
#BitcoinResistance #BitcoinAnalysis #BTC

In the past couple of weeks, Bitcoin has experienced a roughly 9% decline, reaching up to 11% if we include Tuesday's dip to $64,000. Bitcoin holders are anxious to know if this marks the end of the current correction or if further declines are imminent.

Strong Buying Support at $64,000
As shown in the daily chart, Bitcoin's price closed below the $65,500 support level. For this to confirm a shift into resistance, Wednesday's candle must also close below this level. The wick down to $64,000 indicates robust buying support at this level.

Trend Line Support Is Critical
The weekly chart provides a clearer perspective. If Bitcoin can maintain support at $65,000, it will also be holding the upward trend line. A weekly close above this support is essential to confirm the trend remains intact. A break below this trend line could signal a more significant shift in market sentiment.

Major Fibonacci Support at $60,000
By drawing Fibonacci levels, we can pinpoint major support zones. Notably, $60,000 has acted as a support level in 7 of the last 16 weeks. If Bitcoin breaks below its current trend, $60,000 could also be breached, potentially leading to further declines to $52,000 and $46,000—critical levels before entering a bear market.

Bitcoin Entering Oversold Territory
Despite challenges such as miners selling after the halving, profit-taking by long-term holders, and hedge funds shorting on the CME exchange, a bounce seems likely. Bitcoin is approaching oversold territory on medium to higher time frames, which could boost upward momentum and potentially drive prices higher in the coming weeks.

Conclusion
While Bitcoin faces several headwinds, strong support at $64,000 and the potential for a bounce suggest that the recent downtrend may be nearing its end. Investors will be closely watching key support levels and trend lines to gauge Bitcoin's next move.

#Write2earn
Bitcoin Price Analysis: BTC Faces Further Declines Below $64,500 as Bears Dominate
#Bitcoin #BTC #BitcoinAnalysis $BTC

Bitcoin's price continues its downward trend, recently dipping below the $64,500 mark. Despite some attempts at recovery, the bears seem firmly in control, suggesting the potential for further declines.

Key Highlights
Bitcoin remains in a bearish zone, trading below $64,500.The price is currently under the $65,500 threshold and the 100-hour simple moving average (SMA).A trend line with resistance at $65,400 is forming on the hourly BTC/USD chart (data from Kraken).The pair faces risks of further declines below the $64,000 support level.

Bitcoin Price Dips Further
After settling below the $66,500 resistance zone, Bitcoin has extended its losses, trading below $65,000 and dipping even further to below $64,500. A low point was reached at $64,050, followed by a minor recovery as the price climbed back above $64,500. It also moved above the 23.6% Fibonacci retracement level of the downward wave from the $67,255 swing high to the $64,050 low.

Currently, Bitcoin is trading below $65,500 and the 100-hour SMA. Additionally, a connecting trend line with resistance at $65,400 is evident on the hourly BTC/USD chart.

Technical Indicators
Hourly MACD: The MACD is losing pace in the bearish zone.
Hourly RSI (Relative Strength Index): The RSI for BTC/USD is near the 50 level, indicating a balanced momentum.

Support and Resistance Levels
Major Support Levels: $64,500, followed by $64,000.
Major Resistance Levels: $65,400, and $66,000.

As Bitcoin continues to navigate this bearish phase, traders should watch these critical support and resistance levels to gauge the market's next moves.

#Bitcoin: It's currently trading in a delicate position. If it doesn't do something soon, we risk losing momentum and possibly more downside.
So far it's trading at the support level.
A slow bleed is detrimental to any upward trend. 
Stay vigilant for unexpected developments. 

#BitcoinAnalysis #BitcoinHalving #BitcoinETF

📊 According to Glassnode, a cryptocurrency on-chain data analysis firm, long-term Bitcoin holders have yet to begin selling their holdings. Despite Bitcoin reaching an all-time high (ATH) with daily transactions surpassing $5.7 billion, the futures market open interest (OI) stands at $17.6 billion, the highest since November 2020. Bitcoin's market capitalization of $438 billion is the largest in the entire asset market. It's noted that new capital continues to flow in, accounting for 6.4%. 🚀💹 #BitcoinAnalysis #LongTermHolders 💰📈

🚀 Bitcoin Outlook: Aiming for $50,000 and Beyond! 🌐

No matter the twists and turns, our sights are firmly set on the $50,000 milestone, and we're gearing up for it sooner than you think. Here's the game plan: hitting $60,000 or above before the halving. Why? Because securing sustainable positions precedes a robust correction, ensuring a solid foundation for the market.

Forget just aiming for $69,000 during this bull run – our vision stretches further. We're eyeing a substantial climb, targeting a range between $120,000 and $180,000. Why such bold aspirations? It's not just speculation; it's rooted in a thorough analysis of Bitcoin's historical data, dating back to the inaugural bull run.

The secret lies in zooming out – the broader the perspective, the clearer the vision. Are you ready to embrace these logical conclusions? 📊 Dive deep into your research - Do Your Own Research (#DYOR) 🟢, and let the data guide you.

What are your thoughts on Bitcoin's trajectory? Share your insights and opinions! Like, Share, and Follow @MeMeLauncher for more crypto wisdom and updates. 🚀📈

#BitcoinJourney #CryptoPredictions #DYOR #BitcoinAnalysis
#BTC $BTC

$BTC

BTC/USD Analysis

Bitcoin is currently navigating a sideways trend within the Ichimoku cloud, finding support at the ascending trendline.

A pivotal moment awaits as a break above the cloud would serve as confirmation for an upside breakout 📈, potentially signaling a shift in market sentiment.

Traders should closely monitor these technical levels for decisive movements that could provide valuable insights into Bitcoin's next directional move. Stay tuned for updates as the market dynamics evolve. 🔍📊

#BitcoinAnalysis #TechnicalIndicators #CryptocurrencyTrading #TrendingTopic #TradeNTell

#Write2earn DECIPHERING #BITCOIN ’S CURRENT :
WEEKLY ANALYSIS AND FUTURE PROSPECTS #BitcoinAnalysis #BTC $BTC

On the weekly timeframe, Bitcoin is currently displaying an indecision candlestick pattern. The closing level on Sunday will likely offer insight into the next move for the leading cryptocurrency.
Following its surge to a new all-time high in March, the Bitcoin price has experienced significant volatility. This isn't surprising, considering the importance of this level and the fact that BTC saw a 375% increase over about 16 months to reach it.
BTC Price Holds Firm Above Triangle and Support
After recently breaking out of a triangle pattern it had been confined within since March 14, the BTC price is now consolidating above it. With the major support level at around $69,000, and the price hovering near the top of the triangle, things are looking positive for BTC.
Weekly Candle Close Holds Key Significance
On the weekly timeframe, there are also positive signs. The price is maintaining its position comfortably above support, and the succession of higher lows, many of which have long lower wicks, is guiding the BTC price toward a pivotal moment.
Last week's candlestick formation, resembling a hanging man, often indicating a potential market reversal, makes this week's candlestick print on Sunday crucial. Currently, the candlestick shows almost equal wicks on both ends, indicating market indecision regarding its next direction.
However, considering all factors, BTC remains firmly in an uptrend, and as long as this trend persists, the bulls retain control. Speculation about the implications of the halving is rife on social media, with many predicting a downturn around this time.
Yet, it's worth considering that circumstances may be different this time. Positive inflows into US Spot Bitcoin ETFs continue, and with Hong Kong set to launch Bitcoin ETFs soon, along with plans for similar launches in South Korea and China, demand pressure is poised to increase.
Massive Supply Shock on the Horizon

$DGB #DGB Bulls firmly leading the way. 📈

Impressive +55% profit since the breakout from the wedge.

@BreakOut_Expert #CryptoChristmas #BTC!💰 #BitcoinUpdate #BitcoinAnalysis #BinanceWish $ETH $SOL

#Write2earn #BITCOIN ’S STABILITY AMIDST DECLINING INTEREST: INSIGHTS AND POTENTIAL CATALYSTS #BTC #BitcoinAnalysis #MarketAnalysis $BTC

Over the past week, bitcoin has been on a bit of a downward slide, with its price hovering around $62,950 to $6,152 per unit as of April 28. Despite this dip, the Crypto Fear and Greed Index is still firmly in the "greed" zone.

Interest in bitcoin seems to be fading, according to Google Trends, while Santiment, a market intelligence firm, notes an increase in signals indicating it might be a good time to sell BTC.

Bitcoin has managed to stay above the $60,000 mark for quite a while now, a streak lasting about 58 days. However, despite this stability, interest in bitcoin seems to be waning, as shown by Google Trends data, which indicates a decline in searches for "bitcoin" from a peak of 80 out of 100 on April 19 to a current score of 30.

This decline in interest seems to have started around April 21, based on Google Trends data for the past 90 days.

Nevertheless, people are still curious about bitcoin's potential for reaching new price highs, as seen in related searches like "bitcoin all-time high" and "ATH bitcoin." On Friday, Santiment noted a significant uptick in "sell calls" on social media, suggesting a growing sentiment to offload BTC.

Santiment observed, "Bitcoin’s price dropping as low as $63.4K has crypto traders spooked, as buy calls across social media are low and sell calls are peeking in at an increased rate." They also mentioned that when such fear starts to creep in, there's a higher chance of the market bouncing back.

On a brighter note, QCP Capital's weekend brief mentions a potential boost in interest when Hong Kong's spot bitcoin and ethereum exchange-traded funds (ETFs) launch next week. "There is a potentially positive catalyst next week as the [Hong Kong bitcoin and ethereum] spot ETFs begin trading," QCP Capital said. "Interest is growing in what could be a gateway for the inflow of Asian institutional capital."

🚨 To Sell or Not to Sell? 🤔

Reasons Why You Might Consider Selling Bitcoin:

🔻 Grayscale, US, and German Governments, and Mt. Gox plan significant BTC dumps.

🔻 Bitcoin historically dips before halving events.

🔻 Wall Street adoption often precedes BTC tops.

🔻 Whales seem to be exiting their positions.

Reasons Why You Might Hold Your Ground:

🔼 Bitcoin resiliently trades above $43,000 despite Grayscale's sell pressure.

🔼 US Government's 200k BTC might be an OTC deal, not a sudden dump.

🔼 Previous Grayscale sell-offs were absorbed well by BTC.

🔼 Mt. Gox has been distributing BTC since 2018, not causing drastic shifts.

🔼 Bitcoin dips can be golden buying opportunities, especially pre-halving.

🔼 The current cycle lacks the pattern of major adoption coinciding with the top.

🔼 Whales tend to accumulate during peak FUD, then distribute near cycle tops.

So, are you riding the wave or cashing out? 🌊💰

#TradeNTell #Write2Earn #BitcoinAnalysis #CryptoStrategy #HODLorSell $BTC $SOL $ETH