Bitcoin has successfully broken out of the symmetrical triangle pattern and completed a strong retest, confirming the breakout.
The Ichimoku Cloud is indicating bullish momentum, providing further support for the price action.
yesterday we had a nice liquidity sweep. which means a nice weekend pump or next week which also is the month end and the event featuring CZ. October will end a strong bull candle.
Also Bitcoin gaining momentum, the market appears poised for a significant rally, and we can anticipate strong gains in the near future. #btc #bnb
Bitcoin has broken out of its descending triangle pattern and is currently testing above the breakout level. The 100MA is acting as strong support, indicating bullish momentum.
A successful retest of this level would confirm a bullish trend, signaling potential for further upward movement. However, if the price fails to hold above this zone, a return to the triangle could lead to further consolidation within the pattern.
Bitcoin is rebounding above the Ichimoku Cloud, which is now providing strong support following its breakout from the descending triangle.
A potential bounce is expected if the price breaks above the 100MA, currently acting as a resistance barrier. Keep a close watch on this level for confirmation of upward momentum. #btc #sat #bch
On October 7, Bitcoin is trading around $63,500, with its price down about 1% over the week.
▪️Market sentiment shows that investors are currently inclined to see the positive in everything, according to surveyed experts, who predict Bitcoin's price movement next week.
▪️Strong employment data is perceived as a sign of no recession, while weak data is seen as a signal for the Fed to lower rates.
▪️Bitcoin is increasingly behaving like a traditional risk asset, following the stock market rather than gold, with which it is often compared.
▪️Key events for the market next week include the publication of the FOMC meeting minutes on October 9 and consumer inflation data on October 10. Analysts believe that the period of volatility for the crypto market will continue. #BTCUptober #btc #eth
Trending Ideas 🔥 Title: Pixel/Usdt Looking good for breakout
According to the current Pixels price, the price of Pixels is predicted to rise by 233.06% and reach $ 2.31 by May 11, 2024. Per our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 76 (Extreme Greed). Pixels recorded 14/30 (47%) green days with 8.63% price volatility over the last 30 days. Based on the Pixels forecast, it's now a good time to buy Pixels.
Pixels Key Price Levels
Based on today's classical pivot point (P1) with the value of $ 0.638138, Pixels has support levels of $ 0.616722, $ 0.583052, and the strongest at $ 0.561636. Similarly, Pixels resistance levels are at $ 0.671808, $ 0.693224, and $ 0.726893.