The price of Bitcoin (BTC) has been steadily climbing in recent weeks, inching closer to a critical resistance level: $72,000. This price point holds more significance than just another round number on the chart. Analysts believe that surpassing $72,000 could trigger a chain reaction that propels Bitcoin toward new all-time highs. The Squeeze is On: Liquidations...
What an awesome chart (For Bitcoin maxi's that is) here this shows Gold in relation to Bitcoin.... Here we can see the halvening (blue vertical lines) and the decline in gold value respective to Bitcoin, we can see an 80%+ decline each cycle. The next halvening date is April 2024, (Red vertical line) After the move has moved to a new low, we can see that a...
All details are drawn on the chart. Basically BTC is in a huge bull market with a clear imbalance of demand and supply. There was 3-month long reaccumulation period at all time high of $69500 with all outstanding supply bought up. Price is gonna shoot up to $112k at minimum very swiftly.
BITSTAMP:BTCUSD Bitcoin Update 🔹Bitcoin followed a bullish pattern. 🔹After a retest, the price pumped up to $71,000. 🔹The price might drop slightly to around $69,000, where there is support. 🔹Then, we might see the price go up again because it doesn't go straight up without some corrections. Stay tuned for more information ℹ️ #CRYPTOEASE
detailed comparison: GOLD VS BITCOIN ### 1. **Nature and Function** #### Gold: - **Physical Asset:** Tangible, with a long history as a store of value and medium of exchange. - **Utility:** Used in jewelry, electronics, and various industries. - **Historical Value:** Recognized for thousands of years as a reliable store of value and hedge against...
1. **Economic Indicators:** - **Inflation:** Gold is often seen as a hedge against inflation. Rising inflation typically boosts gold prices. - **Interest Rates:** Higher interest rates increase the opportunity cost of holding gold, which doesn't yield interest. Conversely, lower rates tend to support gold prices. - **US Dollar Strength:** Gold prices...
Bitcoin bull markets have historically seen significant price increases, but the percentage gain can vary widely between different bull markets. Here’s a summary of the percentage increases during major Bitcoin bull markets: 1. **2011 Bull Market**: - Start: Around $0.30 (January 2011) - Peak: Around $32 (June 2011) - Percentage Increase: Approximately...
Context: Currently trading above previous high from Nov. 2021 with bullish FVGs on monthly chart - but we are now in a consolidation, but with upwards tendency. Same for the weekly chart - we just took out the previous week high. Idea: • Entry between prev. week high and prev. day high after 4h close above bearish FVG. • Entry in mentioned area preffered with a...
Btc looks bullish as of now,In upcoming week we can 75k Just wait n watch
Bitcoin's Bullish Surge Supported by Rising Open Interest: $80K Next? Bitcoin (BTC) is experiencing a bullish surge, fueled by rising Open Interest (OI) in the derivatives market. This strong showing indicates a growing optimism among traders, with long positions dominating the market. Let's delve deeper into this trend and explore what it might mean for the...
Please see previous ideas for more context ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way...
☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss...
Bitcoin Breaches $69,000: A Bullish Breakout or a Fleeting Glimpse? Bitcoin (BTC) bulls were ecstatic as the world's leading cryptocurrency climbed above $69,000 during early Asian trading on June 3rd. This move marked a significant milestone, breaking a resistance level that has held firm for the past 12 weeks. However, the crucial question remains: is this a...
BTCUSDT has recently formed a bullish flag pattern, indicating potential for a substantial price increase. The immediate target is set at $75,000 following three months of consolidation. However, traders are advised to maintain a stop-loss strategy to manage risks. BTCUSDT (1D Chart) Technical analysis BTCUSDT (1D Chart) Currently trading at $69600 Buy level:...
After hitting annual highs, the value has corrected with a decrease in volume and correcting a bearish divergence in RSI. At this time, the short-term bearish trend has already been broken and we have a positive signal with the crossover in the Stoch RSI, which is in oversold territory. For its part, Bitcoin looks equally good technically and the on-chain...
As I marked out you can see a descending channel followed by a bullish pendent that's breaking out. I've also marked out key levels that price bounces from. As of today price has reacted of the range of 67500 (Each level being marked 2500 apart). I believe we can be seeing prices reaching 82500 pretty soon! Hope everyone is having a successful trading day so far....
ETH/BTC 1W Pay attention to the positive divergence and Fibonacci 0.618 and the support line. This can be a sign of a good ascension. Did I do the right analysis?
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