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Alex Atashkar
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$SHIB #SPOT Shiba Inu is facing challenges in holding its weekly support level. Should it manage to maintain this support, the emerging ascending triangle pattern could catalyze a significant bullish surge. The trajectory of altcoins now hinges on Bitcoin's upcoming actions.

$SHIB

#SPOT

Shiba Inu is facing challenges in holding its weekly support level. Should it manage to maintain this support, the emerging ascending triangle pattern could catalyze a significant bullish surge. The trajectory of altcoins now hinges on Bitcoin's upcoming actions.

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#BTC.USDT 1D Analysis Following a correction, Bitcoin has found support at the daily level, establishing primary support zones. After a period of struggle, we anticipate a move towards the resistance at 69,900. If this resistance is breached, the next target would be 75,400. Maintaining support is crucial. Key Support: 67,300 Current Resistance: 69,900
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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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