🎈I Think Now (BTC) & (ETH) ready for big Bullish with in 1 or 2 days.
What is the next direction for $BTC BTC /USDt & ETH
As Per Chart $65,000 is our Strong Support zone for btc . Btc is Also Forming an Decending channel in 4h time Frame I am Expected Bullish from Here After Breakout We will see Towards $72,000🎈🎈🎈🎈
Bitcoin is exhibiting consolidation patterns within a defined rectangular channel, demonstrating resilience above the mid-channel trendline. The **100-day Moving Average (MA)** is currently serving as a pivotal support level, reinforcing the significance of the mid-channel trendline.
A decisive breakout from the upper boundary of the channel could potentially signal the onset of a bullish trend, characterized by sustained upward momentum. Conversely, a breach below the mid-channel trendline support, particularly if accompanied by significant trading volume, may precipitate a continuation of lateral movement within the channel's confines. Investors and traders should monitor these key levels closely, as a confirmed breakout or breakdown will likely dictate the short to medium-term market sentiment for BTC/USDT. .... This revised analysis provides a clear and concise overview of the current market situation for Bitcoin, with an emphasis on the critical support provided by the 100-day MA and the potential implications of a breakout or breakdown from the channel. Remember, it's important to consider various market factors and conduct thorough research before making any investment decisions.
Bitcoin is exhibiting consolidation patterns within a defined rectangular channel, demonstrating resilience above the mid-channel trendline. The **100-day Moving Average (MA)** is currently serving as a pivotal support level, reinforcing the significance of the mid-channel trendline.
A decisive breakout from the upper boundary of the channel could potentially signal the onset of a bullish trend, characterized by sustained upward momentum. Conversely, a breach below the mid-channel trendline support, particularly if accompanied by significant trading volume, may precipitate a continuation of lateral movement within the channel's confines. Investors and traders should monitor these key levels closely, as a confirmed breakout or breakdown will likely dictate the short to medium-term market sentiment for BTC/USDT. .... This revised analysis provides a clear and concise overview of the current market situation for Bitcoin, with an emphasis on the critical support provided by the 100-day MA and the potential implications of a breakout or breakdown from the channel. Remember, it's important to consider various market factors and conduct thorough research before making any investment decisions.
Bitcoin (BTC) is mirroring a key feature from the 2016 bull market, which could trigger a major price breakout at $75,000, according to popular trader Jelle. The relative strength index (RSI), which measures if an asset is overbought or oversold, is showing a similar pattern to early 2017. Despite recent highs, data suggests Bitcoin's steepest gains are yet to come. However, opinions on Bitcoin's short-term performance are mixed, with some predicting a return to $60,000 or lower. The recent approval of spot Ether (ETH) exchange-traded funds in the US has done little to boost either coin's performance.