💲 Glassnode Co-Founders Predict Bitcoin Correction End as Dollar Index Peaks Jan Happel and Yann Allemann, co-founders of cryptocurrency data analysis firm Glassnode, have expressed optimism regarding Bitcoin's future. They noted that the dollar index (DXY) seems to have reached its peak, suggesting that the Bitcoin correction may be coming to an end. They believe that when DXY falls below 100, it will mark a turning point for cryptocurrencies like Bitcoin. Currently, DXY appears to be declining, and if this trend continues, the weakness in Bitcoin's price that has persisted since April could be nearing its conclusion. Happel and Allemann anticipate that BTC will soon enter a new phase, potentially breaking new highs in the upcoming bull cycle. As per CoinMarketCap data, BTC is presently trading at $26,785.15, reflecting a 1.58% decline. 📉📈 #BitcoinCorrection #DollarIndexPeaks

WILL $BTC GO UP OR DOWN? 🤔 Here The Direction! 👇

If you are wondering which direction BTC is about to take, then there are few possible scenarios. Currently, Bitcoin price is sitting between the support S4 (62'800-64'000) and the Resistance R2 (65'500-66'000). As we can see on the chart, I have drawn one bullish direction and one bearish. To prioritize one of them, we will need to monitor volumes on Monday morning.

BEARISH DIRECTION 🐻
With weak Monday volumes, I expect BTC to test S4. I'll may open a quick long position to speculate a retest of R1. From R1 I'll then short until S3. In case of strong selling scenario, I'll open a long position again at S2.

BULLISH DIRECTION 🐂
If Monday volumes are strong, R1 will act as a support and in that case I'll probably open a quick long position and take profit in TR (Trend Line). A retest of R1, specifically at 66'000, could be considered as a second chance to go long.

NOTE: I provided Area of Support Ranges, so it means that any opening position in that range is valid. In addition, the 2 scenario are discussed in a medium term frametime (few weeks).

PERSONALLY, a bearish scenario would provide a last chance to accumulate discounted altcoins. In fact they will be in a golden pocket range according to Fibonacci retracement.

#BitcoinAnalysis #BitcoinPriceForecast #BitcoinCorrection #BitcoinTrends

📉💥 **Cryptocurrency Market Update: The Shake-Up Is Here!**
December 11 brought a whirlwind of panic to the crypto world as Bitcoin (BTC) took a plunge, hitting $40,400 with a swift 7% decline. Altcoins weren't spared, and the market experienced a setback, erasing gains from the past week. This sharp drop marked BTC's lowest point in four months, leaving investors on edge.
However, seasoned crypto analysts provide a positive spin on the situation. Will Clemente, a respected figure in the crypto space, sees the drop as a correction rather than a surprise. According to Clemente, it served the purpose of shaking off weak hands – those prone to panic selling. Additionally, he believes the correction has cooled down the overheated, highly leveraged crypto market.
Ramen, another notable crypto trader, sees an even brighter side to this downturn. In a post on the X platform, Ramen suggests that BTC's recent decline could be a catalyst for another bull run in altcoins. According to him, "We are now entering a favorable altcoin season."
While the market experiences a shake-up, analysts like Clemente and Ramen encourage investors to see beyond the short-term fluctuations, emphasizing the potential for a more robust and dynamic crypto landscape in the coming weeks.
Stay informed and navigate the crypto waves wisely! 🌊📈💡 #CryptoAnalysis #BitcoinCorrection #AltcoinSeason #BTC 🚀🌐

📉 Bitcoin's drop impacts crypto-related stocks, with MicroStrategy (MSTR) down 6%, Coinbase down 5%, and Bitcoin mining companies like Marathon Digital (MARA), Riot Platform (RIOT), and CleanSpark (CLSK) falling 10-15%, reports CoinDesk. 📊📉 #CryptoStocks #BitcoinCorrection

Bitcoin Eyes $34-36K as Next Target Amid Correction

$BTC
Analyst AlanSantana predicts a forthcoming Bitcoin correction to the $34,000-$36,000 range on TradingView, highlighting a strong bearish divergence with the daily RSI. The analysis, based on Elliott Wave Theory, suggests the completion of the A and B waves, with a C wave drop imminent. This concise update warns traders to prepare for a potential drop, reinforcing the need for caution in the current market.

#write2earn #BitcoinCorrection #ElliottWave

⚔️ $BTC 60-day correlation with the #Nasdaq turned negative in December 👀

#Bitcoin #BitcoinCorrection #BitcoinUpdate

📉 Is Bitcoin poised for a pre-halving correction? While Bernstein predicts a $150,000 price target, cautionary voices warn of potential downtrends.
Despite hitting a new all-time high of around $73,700 on March 13, Bitcoin could be signaling a correction based on historical chart patterns. Analysts note similarities to past pre-halving corrections, such as the 20% dip in 2020 and the 38% retracement in 2016.
Pseudonymous analyst Rekt Capital suggests the possibility of a retracement lasting up to 77 days, albeit potentially shallower than previous cycles given recent pullbacks of -18% in January and -14% in early March.
Yet, this cycle diverges from history as Bitcoin achieved record highs before the halving, challenging traditional patterns. Will history repeat, or are we in uncharted territory? Stay tuned for updates as Bitcoin's journey unfolds! 📉💡 #BitcoinCorrection #BinanceInsights #cryptotrends #Write2Earn 🌟

$BTC CORRECTION! What Supports You Should Look At 👀👇

If you are planning to open/close new trades in the next 24/48hrs then the supports you should look at are the following:
- S1: 68200 to 69000
- S2: 65500 to 66300
NOTE That I provided Area of Support Ranges, so it means that any opening in that range is valid. Personally I believe that in the next hrs. BTC could test 65500 or even 63400.

If we zoom out and we watch at the weekly candles then the support that matters are:
- S3: 62800-64000
- S4: 57500-59700
- S5: 49000-51000
If Bitcoin reach 62800/59700, then in my opinion, would be one of those last chance to accumulate altcoins!

#bitcointrading #BitcoinCorrection #BTCanalysis #learntoearn #Altcoins2024

🔍 Despite recent pullbacks from its ATH near $74,000, Bitcoin's corrections remain relatively mild, especially when compared to historical bull markets.

The previous #bullmarket cycle between 2019 and the end of 2021 saw two pullbacks of over 50%, with the COVID-19 drop at 61.4%.

#bitcoinprice #BitcoinCorrection #BitcoinPrice2024 #TrendingTopic

CRYPTO TRADER VS STOCK TRADER ⚔️👊

Resilience, Patience, & Self-Emotion Control. The 3 traits that distinguish a relentless crypto trader from stock trader 💪

Let's Go Boys! 🔥

Next $BTC Support Range:
- 57'500 To 59'700

Current $BTC Resistance Range:
- 62'800 To 64'000

#bitcointrading #BitcoinEducation #BitcoinCorrection #CryptoInvesting2024

$BTC 1-Day Chart 👇 April 2 Update

#Bitcoin has fell below 68500, which is a strong support area. It's currently returning to the GAP between 64K-66K, and even 61K if possible.

If today or tomorrow $BTC  does not come back to above 68000-68500, we should spend time to catch DIP for #Altcoins👀🚀 .

#BTC🔥🔥🔥🔥 #BitcoinCorrection