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Alex Atashkar
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$BTC #BTC.USDT #Daily Bitcoin's market behavior aligned with expectations, entering a daily correction phase and breaking through key levels with relative ease. Currently, it finds support at the critical threshold of $65,000, coinciding with the position of the long-term upward trend line. We anticipate a high likelihood of the price rebounding towards the $68,200 level. If it breaks the last line of daily support, we could see a retraction to the weekly support range between $56,000 and $52,000. However, our analysis leans towards a recovery from this pivotal point. Support Level: $65,000 Resistance Level: $68,200

$BTC

#BTC.USDT

#Daily

Bitcoin's market behavior aligned with expectations, entering a daily correction phase and breaking through key levels with relative ease.

Currently, it finds support at the critical threshold of $65,000, coinciding with the position of the long-term upward trend line. We anticipate a high likelihood of the price rebounding towards the $68,200 level. If it breaks the last line of daily support, we could see a retraction to the weekly support range between $56,000 and $52,000. However, our analysis leans towards a recovery from this pivotal point.

Support Level: $65,000

Resistance Level: $68,200

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.
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$BTC BTC/USDT: Daily Market Analysis Upon reviewing the daily charts for Bitcoin, it is evident that BTC is currently testing the weekly resistance level. As we approach the close of today's trading session, a pivotal moment is upon us. Should the daily candlestick close above this key resistance, it is likely to signal a strong bullish momentum. Following a potential pullback, we anticipate Bitcoin to stabilize within the $64,000 to $65,000 range before resuming its upward trajectory. The next significant target for Bitcoin would be the $84,000 mark, which represents an all-time high. Key Levels: Current Support: $65,100 Current Resistance: $68,000
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$BTC #BTC.USDT 1-Day Analysis May 16, 2024 The analysis suggests that Bitcoin has met its weekly resistance and shown minor rejection. A decisive breakdown will be confirmed if the weekly candle fails to close above this resistance within the next 3 days. This would indicate the continuation of the bullish trend. In the 4-hour timeframe, we anticipate a potential retracement to the 4-hour support level, from which an upward movement could ensue again. Key Support Level: 58,500 Key Resistance Level: 66,600
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$BTC #BTC 4-Hour Analysis: Our recent analysis indicates that Bitcoin has shown significant movement. Initially, it encountered notable resistance at the $65,100 level, causing a price retreat. Subsequently, it corrected downward to the daily support range between $61,600 and $60,000. We are now anticipating the next phase, which involves establishing solid support levels and a potential rally towards the $63,000 and then $65,000 resistance levels. Following this, we expect other cryptocurrencies such as $ETH , $SOL & BNB to also see relatively good growth. Key Support: $56,500 Key Resistance: $65,100
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$BTC #BTC.USDT Recent analysis reveals that Bitcoin has consistently held above the key weekly support level of 56,500 and advanced towards the daily resistance of 61,800. Successfully surpassing 61,800, Bitcoin's price briefly touched above 65,100, a significant weekly resistance point. The price is expected to decrease from this point, turning this range into a key trading area. Continuing this trend, if Bitcoin sustains above the 61,800 mark, it may aim for 65,000. Nevertheless, it is not expected to overcome this resistance at the moment. Key support: 56,500 Key resistance: 65,100
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$BTC A daily 100ema retest occurred yesterday, which may have been the catalyst for a bounce. Do not rush things because, on shorter timescales, it appears that another leg down is coming.
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