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Bitcoin Price Prediction: BTC Rises 6% Amid Israel Crisis, Taproot & Tesla AI
As global events and tech advancements shape the crypto world, Bitcoin price stands resilient. Trading at $28,247 with a 0.84% decline on Thursday, its price rose 6% amidst US calls for action against Hamas' crypto use following Israel's strike.
Additionally, Bitcoin's ecosystem is enriched by the inclusion of stablecoins through Lightning Labs' Taproot Assets alpha. Even as Tesla dives deep into AI, Bitcoin's value in their earnings remains steadfast.
US Lawmakers Urge Action on Hamas' Crypto Use Post-Israel Strike
A bipartisan group of 105 US politicians, including Senators Elizabeth Warren, Roger Marshall, and Representative Sean Casten, have called on the Biden administration for swift action against Hamas and its affiliates' use of cryptocurrency.
This call to action follows a deadly incident in Israel perpetrated by a militant Palestinian faction. The legislators expressed "grave concern" over how groups like the Palestinian Islamic Jihad and Hamas utilize digital assets to fund their activities, thereby circumventing US sanctions.
Bitcoin Price Prediction
For the October 18 BTC/USD technical analysis, Bitcoin's activity is evident on a 4-hour chart. The pivotal value for the asset is $28,582. Currently, it encounters sequential resistance at $29,237, followed by $29,921, and then at $30,500.
On the contrary, potential support markers are at $27,691, dropping to $27,239, and further down at $26,576. The 50-day Exponential Moving Average (EMA) is set at $27,250. With Bitcoin's price trading above this EMA, it implies a short-term upward trend.
In essence, Bitcoin's current trajectory leans towards the bullish side as long as it sustains above $28,000. In the near future, Bitcoin might challenge the mentioned resistance points, warranting traders' attention to these levels.
#BitcoinWorld #bitcoin #btcusd #btcusdt
As global events and tech advancements shape the crypto world, Bitcoin price stands resilient. Trading at $28,247 with a 0.84% decline on Thursday, its price rose 6% amidst US calls for action against Hamas' crypto use following Israel's strike.
Additionally, Bitcoin's ecosystem is enriched by the inclusion of stablecoins through Lightning Labs' Taproot Assets alpha. Even as Tesla dives deep into AI, Bitcoin's value in their earnings remains steadfast.
US Lawmakers Urge Action on Hamas' Crypto Use Post-Israel Strike
A bipartisan group of 105 US politicians, including Senators Elizabeth Warren, Roger Marshall, and Representative Sean Casten, have called on the Biden administration for swift action against Hamas and its affiliates' use of cryptocurrency.
This call to action follows a deadly incident in Israel perpetrated by a militant Palestinian faction. The legislators expressed "grave concern" over how groups like the Palestinian Islamic Jihad and Hamas utilize digital assets to fund their activities, thereby circumventing US sanctions.
Bitcoin Price Prediction
For the October 18 BTC/USD technical analysis, Bitcoin's activity is evident on a 4-hour chart. The pivotal value for the asset is $28,582. Currently, it encounters sequential resistance at $29,237, followed by $29,921, and then at $30,500.
On the contrary, potential support markers are at $27,691, dropping to $27,239, and further down at $26,576. The 50-day Exponential Moving Average (EMA) is set at $27,250. With Bitcoin's price trading above this EMA, it implies a short-term upward trend.
In essence, Bitcoin's current trajectory leans towards the bullish side as long as it sustains above $28,000. In the near future, Bitcoin might challenge the mentioned resistance points, warranting traders' attention to these levels.
#BitcoinWorld #bitcoin #btcusd #btcusdt
Bitcoin Price Prediction as $10 Billion Sends BTC Above $30,000 Resistance – New Bull Market Officially Starting?
Bitcoin, the pioneering digital asset, has once again captured global attention as it surges past the formidable $30,000 resistance level.
With this significant breach of resistance, market analysis is heralding the onset of a fresh bull market cycle. As the world keenly observes Bitcoin's trajectory, the overarching question remains: How high will it soar this time?
At present, Bitcoin trades at a commendable $29,623. Digital gold has seen an impressive 24-hour trading volume of approximately $21 billion, marking an upward trend of over 3% in this timeframe.
Bitcoin proudly sits at the pinnacle, dominating the crypto market, holding the #1 rank on CoinMarketCap. Its live market capitalization stands at a staggering $578 billion.
Delving into its supply metrics, there are currently 19.52 million BTC coins in circulation, inching closer to its maximum supply cap of 21 million coins.
Analyzing the current technical landscape for Bitcoin, we find several pivotal metrics that provide insight into its potential trajectory. The pivot point, a crucial technical level, is currently placed at $29,350.
As we navigate the price landscape, Bitcoin encounters its immediate resistance at $30,285. Further resistances are sequentially layered at $31,075 and $31,820.
On the downside, the cryptocurrency has established its immediate support at $28,200. Delving deeper, subsequent support levels are discernible at $27,285 and $26,555.
Turning our focus to technical indicators, the Relative Strength Index (RSI) stands out prominently. Currently, the RSI value for Bitcoin is at 68.
This is significant as an RSI value above 70 typically signifies that the asset might be in overbought territory, suggesting a potential correction in the offing.
Further complementing our technical analysis is the 50-day Exponential Moving Average (EMA), another critical metric. For Bitcoin, this EMA is currently valued at $28,700.
#bitcoin #BitcoinWorld #btcusd #BTC
Bitcoin, the pioneering digital asset, has once again captured global attention as it surges past the formidable $30,000 resistance level.
With this significant breach of resistance, market analysis is heralding the onset of a fresh bull market cycle. As the world keenly observes Bitcoin's trajectory, the overarching question remains: How high will it soar this time?
At present, Bitcoin trades at a commendable $29,623. Digital gold has seen an impressive 24-hour trading volume of approximately $21 billion, marking an upward trend of over 3% in this timeframe.
Bitcoin proudly sits at the pinnacle, dominating the crypto market, holding the #1 rank on CoinMarketCap. Its live market capitalization stands at a staggering $578 billion.
Delving into its supply metrics, there are currently 19.52 million BTC coins in circulation, inching closer to its maximum supply cap of 21 million coins.
Analyzing the current technical landscape for Bitcoin, we find several pivotal metrics that provide insight into its potential trajectory. The pivot point, a crucial technical level, is currently placed at $29,350.
As we navigate the price landscape, Bitcoin encounters its immediate resistance at $30,285. Further resistances are sequentially layered at $31,075 and $31,820.
On the downside, the cryptocurrency has established its immediate support at $28,200. Delving deeper, subsequent support levels are discernible at $27,285 and $26,555.
Turning our focus to technical indicators, the Relative Strength Index (RSI) stands out prominently. Currently, the RSI value for Bitcoin is at 68.
This is significant as an RSI value above 70 typically signifies that the asset might be in overbought territory, suggesting a potential correction in the offing.
Further complementing our technical analysis is the 50-day Exponential Moving Average (EMA), another critical metric. For Bitcoin, this EMA is currently valued at $28,700.
#bitcoin #BitcoinWorld #btcusd #BTC
#btcusd #Write2Earn
Saat ini BTC sedang koreksi,jangan mencoba untuk masuk kepasar,tunggu dia naik kembali,dan carilah moment untuk membeli,jangan mencari moment untuk menjual,karena dalam time Frime besar BTC sedang,jangan melawan ombak.
#Write2Earn #BTCTERUPDATE #BUYBTC
Saat ini BTC sedang koreksi,jangan mencoba untuk masuk kepasar,tunggu dia naik kembali,dan carilah moment untuk membeli,jangan mencari moment untuk menjual,karena dalam time Frime besar BTC sedang,jangan melawan ombak.
#Write2Earn #BTCTERUPDATE #BUYBTC
$BTC Bitcoin grafik bakarsanız Gün kapanışının direnç altında yapması halinde düşüş trendine devam edeceğini görebilirsiniz . Günlük Kapanışa kadar 63750K civarına yükselip kapatması gerekiyor. Balinalar Halving öncesi ucuz BTC almak için Short işlemleri ile 58K civarına indirip yükselişi oradan başlatabilir. Bunu göz önünde bulundurarak hareket etmekte fayda var Kapanış görmeden özellikle Vadeli işleme girmiyorum ancak kapanış ne tarafa gideceğini teyit ettiği zaman retest bölgesinde işleme girmek sizi zarardan koruyacaktır . #BinanceLaunchpool #bitcoinhalving #BullorBear #btc #btcusd
BTC Analysis on 1 day timeframe
Keep your 👀 on trendline support and also 200 ema support which is around 25300-25000.
I am expecting a possible upward move from that area.
The Next resistance area is around 27150-27450 if btc able to hold this zone then we expect move towards 27k.
If btc unable to hold this support then we can see a big fall around 23800-23300.
#btcupdate #BTC #btcusdt #btcusd #crypto
Keep your 👀 on trendline support and also 200 ema support which is around 25300-25000.
I am expecting a possible upward move from that area.
The Next resistance area is around 27150-27450 if btc able to hold this zone then we expect move towards 27k.
If btc unable to hold this support then we can see a big fall around 23800-23300.
#btcupdate #BTC #btcusdt #btcusd #crypto
Bitcoin Price Signals Potential Adjustment, Can BTC Overcome the Challenge?
Bitcoin price started an upside correction from the $26,550 zone. BTC is rising and facing a strong resistance near the $27,300 and $27,500 levels.
Bitcoin managed to recover above the $27,000 resistance zone.
The price is trading above $27,000 and the 100 hourly Simple moving average.
There was a break above a major bearish trend line with resistance near $27,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is showing signs of a recovery, but it could struggle near $27,300 and $27,500.
The next key resistance could be near $27,500 or the 61.8% Fib retracement level of the downward move from the $28,285 swing high to the $26,550 low. A clear move above the $27,500 and $27,650 resistance levels could set the pace for a larger increase.
Another Decline In BTC?
If Bitcoin fails to recover higher above the $27,500 resistance, there could be a fresh decline. Immediate support on the downside is near the $27,000 level and the trend line zone.
The next major support is near the $26,900 level and the 100 hourly Simple moving average. A downside break and close below the $26,900 support might send the price further lower. The next support sits at $26,550.
Technical indicators:
Hourly MACD – The MACD is now losing pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.
Major Support Levels – $27,000, followed by $26,900.
Major Resistance Levels – $27,300, $27,500, and $27,650.
#bitcoin #BitcoinWorld #btcusdt #btcusd #bitcoinprice
Bitcoin price started an upside correction from the $26,550 zone. BTC is rising and facing a strong resistance near the $27,300 and $27,500 levels.
Bitcoin managed to recover above the $27,000 resistance zone.
The price is trading above $27,000 and the 100 hourly Simple moving average.
There was a break above a major bearish trend line with resistance near $27,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is showing signs of a recovery, but it could struggle near $27,300 and $27,500.
The next key resistance could be near $27,500 or the 61.8% Fib retracement level of the downward move from the $28,285 swing high to the $26,550 low. A clear move above the $27,500 and $27,650 resistance levels could set the pace for a larger increase.
Another Decline In BTC?
If Bitcoin fails to recover higher above the $27,500 resistance, there could be a fresh decline. Immediate support on the downside is near the $27,000 level and the trend line zone.
The next major support is near the $26,900 level and the 100 hourly Simple moving average. A downside break and close below the $26,900 support might send the price further lower. The next support sits at $26,550.
Technical indicators:
Hourly MACD – The MACD is now losing pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.
Major Support Levels – $27,000, followed by $26,900.
Major Resistance Levels – $27,300, $27,500, and $27,650.
#bitcoin #BitcoinWorld #btcusdt #btcusd #bitcoinprice
let's trade in #btc $BTC #btcusd $ETH $BNB #ETHETFsApproved #EarnFreeCrypto2024 #BUSD
Here are some short chart reading tricks for Bitcoin (BTC) and cryptocurrency charts:
1. *Trends*: Identify the direction and strength of the trend using moving averages, trend lines, and chart patterns.
2. *Support and Resistance*: Look for key levels of support (buying areas) and resistance (selling areas).
3. *Chart Patterns*: Recognize common patterns like triangles, wedges, and head-and-shoulders formations to anticipate potential price movements.
4. *Candlestick Analysis*: Study candlestick shapes and patterns, such as hammer, shooting star, and engulfing patterns, to gauge market sentiment.
5. *Volume*: Analyze trading volume to confirm trends and identify potential reversals.
6. *Indicators*: Use tools like RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), and Bollinger Bands to gauge market conditions.
7. *Fibonacci Retracement*: Identify key levels of retracement (23.6%, 38.2%, 50%, etc.) to anticipate potential price bounces.
8. *Breakout and Fakeout*: Be cautious of false breakouts and consider confirming signals with additional indicators.
Remember, these tricks are not foolproof and should be combined with thorough research, risk management, and trading strategies. Happy chart reading!
Here are some short chart reading tricks for Bitcoin (BTC) and cryptocurrency charts:
1. *Trends*: Identify the direction and strength of the trend using moving averages, trend lines, and chart patterns.
2. *Support and Resistance*: Look for key levels of support (buying areas) and resistance (selling areas).
3. *Chart Patterns*: Recognize common patterns like triangles, wedges, and head-and-shoulders formations to anticipate potential price movements.
4. *Candlestick Analysis*: Study candlestick shapes and patterns, such as hammer, shooting star, and engulfing patterns, to gauge market sentiment.
5. *Volume*: Analyze trading volume to confirm trends and identify potential reversals.
6. *Indicators*: Use tools like RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), and Bollinger Bands to gauge market conditions.
7. *Fibonacci Retracement*: Identify key levels of retracement (23.6%, 38.2%, 50%, etc.) to anticipate potential price bounces.
8. *Breakout and Fakeout*: Be cautious of false breakouts and consider confirming signals with additional indicators.
Remember, these tricks are not foolproof and should be combined with thorough research, risk management, and trading strategies. Happy chart reading!
$BAKE is trying to move into the phase of realization of accumulated potential. A consolidation above the 0.1421 level will be a good starting point. If we break through the resistance of the range, we can get a gorgeous bullish potential (targets are indicated on the chart)
$BTC shows good dynamics for the medium term. The price after the false breakdown of resistance does not fall and there are prerequisites for a possible strengthening of the price to 30000, which will give a great kick in the butt to altcoins if the total capitalization increases. From a fundamental point of view, the cryptocurrency is still turbulent and there is not much bullish news (strong news). But bitcoin is showing strength relative to the SP500 - and that's good for us. In terms of technical analysis BAKE: the price breaks the resistance of the annual descending wedge and we get a signal for further strengthening of the price. In the nearest future the market may test the previously broken level of 0.1421 and if the bulls successfully consolidate the position, the price may give a start towards 0.2339 and 0.2840. Moving averages indicate consolidation and show a hint of something interesting.
#btcusd #crypto2023 #Binance #bakeusdt
$BTC shows good dynamics for the medium term. The price after the false breakdown of resistance does not fall and there are prerequisites for a possible strengthening of the price to 30000, which will give a great kick in the butt to altcoins if the total capitalization increases. From a fundamental point of view, the cryptocurrency is still turbulent and there is not much bullish news (strong news). But bitcoin is showing strength relative to the SP500 - and that's good for us. In terms of technical analysis BAKE: the price breaks the resistance of the annual descending wedge and we get a signal for further strengthening of the price. In the nearest future the market may test the previously broken level of 0.1421 and if the bulls successfully consolidate the position, the price may give a start towards 0.2339 and 0.2840. Moving averages indicate consolidation and show a hint of something interesting.
#btcusd #crypto2023 #Binance #bakeusdt
Btc update ❤️
Price Couldn't reclaim Range POC and bears hammered it down & broke HL. Uptrend in Ltf has been lost for now. Either look for short on pullback or we wait for Our Area of interest at 24-25k to Buy Bitcoin
#BTC #BTC #btcupdate #btcusdt #btcusd
Price Couldn't reclaim Range POC and bears hammered it down & broke HL. Uptrend in Ltf has been lost for now. Either look for short on pullback or we wait for Our Area of interest at 24-25k to Buy Bitcoin
#BTC #BTC #btcupdate #btcusdt #btcusd
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Crypto PM
--
📊 Bitcoin Chart Analysis 📚
Time Frame - H4 (LTF)
Classic Price Action here. Thats the Reason why i was afraid of having Long Exposures at Range high. Bulls managed to protect previous HL & weekly low, Reclaiming of Range POc at 26817 would trigger a long with Sl below previous Hl around 26490. Wehen market is too choppy, we have to play Level by level. Becoming bullish at top and bearish at bottom of range in anticipation of its break due to market sentiments won't do any good to your trading. Remember, it is presumed that a range will continue to exist forever and just trade it, both long and short, until it breaks. Follow the process, not the sentiments
#BTC #BTCUSDT #btcupdate #BTCUSDT #bitcoin
Time Frame - H4 (LTF)
Classic Price Action here. Thats the Reason why i was afraid of having Long Exposures at Range high. Bulls managed to protect previous HL & weekly low, Reclaiming of Range POc at 26817 would trigger a long with Sl below previous Hl around 26490. Wehen market is too choppy, we have to play Level by level. Becoming bullish at top and bearish at bottom of range in anticipation of its break due to market sentiments won't do any good to your trading. Remember, it is presumed that a range will continue to exist forever and just trade it, both long and short, until it breaks. Follow the process, not the sentiments
#BTC #BTCUSDT #btcupdate #BTCUSDT #bitcoin
🐝 BTC UPDATE
Bitcoin is back into the consolidation range after the failed attempt of breaking through the $27,900 resistance. We are still holding our spot bags since overall we are still in an up-trend.
However, opening any margin position is way too risky as long as the price remains below the $27,800 - $28,000 zone of main sales pressure.
✍️ Our trading plan is quite simple: hold our spot bags and add more in case of dump to $26,400 or in case of $27,800 breakout.
Trying to trade inside this tight chop range is way too risky and unpredictable, doesn't worth the efforts.
#BTC #BTCUSDT #bitcoin #BTCUSDTAnalysis #btcusd
Bitcoin is back into the consolidation range after the failed attempt of breaking through the $27,900 resistance. We are still holding our spot bags since overall we are still in an up-trend.
However, opening any margin position is way too risky as long as the price remains below the $27,800 - $28,000 zone of main sales pressure.
✍️ Our trading plan is quite simple: hold our spot bags and add more in case of dump to $26,400 or in case of $27,800 breakout.
Trying to trade inside this tight chop range is way too risky and unpredictable, doesn't worth the efforts.
#BTC #BTCUSDT #bitcoin #BTCUSDTAnalysis #btcusd
BTC/USDT futures Short signal
Leverage:20X
Signal type: Short
(Wait for entry)
Entry points:
1-26510
2-26770
Targets:
1-26366
2-26236
3-26100
4-25750
5-25500
Stoploss:26940
Btc making Double Top and also broke the resistance now in retesting phase after retest we can open short position and also weekend ahead
Our first Entry will be 26510
Our second entry will be 26770
Our stoploss will be 26940
Target of 500 likes and Shares
Follow us for more analysis and updates
#BTC #btcupdate #bitcoin #btcusdt #btcusd
Leverage:20X
Signal type: Short
(Wait for entry)
Entry points:
1-26510
2-26770
Targets:
1-26366
2-26236
3-26100
4-25750
5-25500
Stoploss:26940
Btc making Double Top and also broke the resistance now in retesting phase after retest we can open short position and also weekend ahead
Our first Entry will be 26510
Our second entry will be 26770
Our stoploss will be 26940
Target of 500 likes and Shares
Follow us for more analysis and updates
#BTC #btcupdate #bitcoin #btcusdt #btcusd
#BTC 3D rsi flashing bearish divergence so I expect big dump in longer timeframe. Next support 25k. what you think do comment.
and follow me on binance feed for more like this.
#BTC #btcupdate #btcusdt #btcusd
and follow me on binance feed for more like this.
#BTC #btcupdate #btcusdt #btcusd
$BTC
#BTC 🔥🔥🔥🔥
#dump (Bitcoin's impending decline is not just speculation; it's an inevitable reality. While I, like many, hope for Bitcoin's continued ascent, it's crucial to acknowledge the cyclic nature of markets. When assets experience rapid upward momentum, they often become overbought, presenting an opportunity for significant profit-taking. The current chart suggests that this scenario is beginning to unfold. While I'm not suggesting an immediate downturn, the process has initiated, and its course appears inevitable. It's essential to prioritize mental well-being amidst market fluctuations.
#BTC
#btcusd
#Bitcoin
#BTC 🔥🔥🔥🔥
#dump (Bitcoin's impending decline is not just speculation; it's an inevitable reality. While I, like many, hope for Bitcoin's continued ascent, it's crucial to acknowledge the cyclic nature of markets. When assets experience rapid upward momentum, they often become overbought, presenting an opportunity for significant profit-taking. The current chart suggests that this scenario is beginning to unfold. While I'm not suggesting an immediate downturn, the process has initiated, and its course appears inevitable. It's essential to prioritize mental well-being amidst market fluctuations.
#BTC
#btcusd
#Bitcoin
There's nothing special about #btcusd at the moment. It's still dropping towards the 52k area, but it might not actually reach that level. We're in wave 4 of the Elliott Wave, which is usually the most complex and tricky wave. $BTC
