Bitcoin is rebounding from the 200MA, which is acting as a strong support level following the breakdown of the rising wedge pattern. It is currently trading below the 100MA, which serves as a resistance barrier.
A breakout above the 100MA could signal further upward movement, while a rejection at this level may lead to a price decline. Stay alert for decisive price action.$BTC
Bitcoin has broken down from the rising wedge pattern and has successfully retested the breakdown. The Ichimoku Cloud and the 100MA are serving as strong resistance barriers above the price action.
Currently, the price is trading above the horizontal demand zone. A bounce from this level could signal a recovery, while a breakdown below the demand zone may trigger further downward movement in the market. $BTC
Bitcoin is encountering resistance at the upper trendline of the rising wedge pattern, signaling potential bearish pressure. It is currently breaking below the 21MA, which previously served as immediate support. The 50MA, aligned above the wedge’s lower trendline, is acting as a secondary support level. A decisive breakout or breakdown is needed to confirm the next move.$BTC
Bitcoin has broken out of the ascending triangle pattern with strong volume, reaching a new all-time high. Both the 21-day and 50-day moving averages are providing support, while the Ichimoku Cloud indicates a bullish momentum. Given these factors, a retest above the pattern or continued upward movement appears likely.$BTC
Bitcoin is attempting to break above the horizontal supply zone of an ascending triangle pattern, with both the 21MA and 50MA indicating bullish momentum.
A decisive breakout from the pattern, followed by a successful retest, could confirm the start of a bullish rally in the market.$BTC
After breaking out of the symmetrical triangle pattern, the price is currently undergoing a retest above the breakout level.
The 50MA is acting as a strong support, while the Ichimoku Cloud indicates bullish momentum. A successful retest at this level is expected to confirm a bullish trend. $BTC
BTC Dominance has broken down from the rising wedge pattern with significant volume and is currently undergoing a retest. The 100MA and 200MA are acting as strong support, indicating resilience.
A successful retest of the breakdown could trigger a substantial downward move in BTC Dominance, potentially igniting a strong bullish rally in the altcoin market.
Bitcoin has failed to successfully retest above the pattern and is currently holding above the support trendline of the ascending triangle. The 50MA is acting as a resistance barrier, while the 100MA is providing strong support, suggesting the potential for a bounce. Further price developments are needed to confirm the next directional move.
Bitcoin is currently trading above the horizontal resistance zone following a breakout from the pattern. It is now undergoing a retest above this level, with the Ichimoku Cloud indicating bullish momentum.
If the retest is successful, a strong bullish rally is anticipated. However, failure to hold this level could result in the price moving back within the pattern.
Bitcoin continues to trade within an ascending channel, having rebounded from the horizontal demand zone. The Ichimoku Cloud is displaying bullish strength, suggesting positive momentum. A decisive breakout or breakdown is required to confirm the next directional move.
Bitcoin faced a strong rejection at the resistance trendline of its ascending channel but has rebounded sharply from a key horizontal demand zone.
It is currently trading above the channel's support trendline, with the Ichimoku Cloud providing additional support. Further price movement is awaited to confirm the next trend direction.
Bitcoin is consolidating within an ascending triangle pattern, encountering resistance at the horizontal supply zone level, suggesting an imminent decision point.
The 50MA and 100MA acting as strong support levels below the price, buyers have managed to sustain momentum despite the overhead resistance.
A decisive breakout above the horizontal resistance zone could signal further upward movement, drawing in additional bullish momentum and likely triggering a strong rally.
Conversely, a breakdown below the support levels of the triangle and moving averages could indicate a trend reversal, signaling a potential #BTC☀
The fourth week of October saw Bitcoin make a strong run. The largest coin by market cap has surged to $69,500, just a few hundred steps away from hitting $70,000.
With the current price of around $68,900 last seen in June 2024, BTC has come a long way to recover.
LTC has successfully broken out of its descending channel and completed a strong retest above it. It is now gaining momentum and testing the area above the Ichimoku Cloud.
A successful test here would confirm further bullish momentum for LTC, signaling potential continued upward movement.
LTC has successfully broken out of its descending channel and completed a strong retest above it. It is now gaining momentum and testing the area above the Ichimoku Cloud.
A successful test here would confirm further bullish momentum for LTC, signaling potential continued upward movement.
Bitcoin is rebounding from the Ichimoku Cloud, which is acting as support, while the 100MA presents a resistance barrier above the price action. A breakout above both the 100MA and the horizontal resistance zone could signal the start of a strong bullish rally in the market. #BTC☀