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Bitcoin's Tropical Bullish Trend 🌴 1-Week Outlook - ☀️Sunny trading conditions – a slightly bullish market with upside potential – lies ahead for the global crypto market over the next 24 hours, as investors may reenter the market following the US regulator’s various court actions earlier this week. 🌞 🚀 The weather is however tropical 🌴, very bullish with some upside potential for Bitcoin. Over a one-week horizon, the cryptocurrency trend remains sunny – positive – signaling upside potential. 📈💰 Follow us and stay tuned for more crypto weather insights and reports! 🌩️⛅🌈
BITSTAMP:BTCUSDLong
by ATTMO
BTC 55 EMA pattern perdition In yellow I have put what I think BTC will follow, my prediction of the 55 EMA Last week of April up to $28500 then down to FWB:25K for support, then rally to $35k by mid-end June, then a flat week to follow into July, anything past that is luck but I see the bull run starting this summer, BTC Halving events at end of 2023 and 4-year cycles are all in play to make the end of 2023 and all of 2024-25 great years. Let the bulls run wild. God speed!
BITSTAMP:BTCUSDLong
by walkndeadbigfoot
BTC fractalsHey waaaSUP everyone, I thought i would share this idea with you all. On the left side back in the days of BTC price been cheap as chips, you can see ive drawn 2 boxes blue and violet. Then looking into the future on the right side you can see the fractal bars corresponding to the colour box on the left. I am particulary interested in the fractal all the way back from jan 2017. I only say that becaaue the other fractal suggests we break down and double bottom, which many are calling, but the fact is, if it did that it would break the market structure (bottom blue dotted trendline)...... and BTC has never done that. We hit this line back in NOV/Dec 2022 ;) And also things are different now, we have the WEF medling with things, we have the FEDs medling with things, we have inflation, and the new CBDC ??? BUT the main thing to keep an eye on is BRICS (Brazil,Russia,India,China,South Africa) we could be seeing the end of the petro dollar and the collapse of the dollar. This is defenetly plausable and that is why I suggest the probability is more in favor of the blue fractal. Gold is coming back and the USA dont have much of it and the printing paper is running out. I know its wack, that would mean BTC could reach ATH of $250,000 by November 2023. And maybe a precident for a new local bottom of $60K. Ooooohh Remember its all about probability, and anything can happen. peace and love Wow that would be madness,
BITMEX:XBTLong
by Crypto_SUP_Surfer
BTC diamondHey everyone, heres another idea on BTC On the 1 hour timeframe i have spotted this diamond pattern formation. It could be wrong and just break out to the previous support at around 26 800 Or we could see it bounce off and head towards 28200 area before back down to around 27400 before making the decision of heading down towards 25500 or up to the 30K area Its currently below the 200ma and bouncing off the 21 simple These levels also has confluence with R1 pivot and S1 pivot will soon see what plays out
BITFINEX:BTCUSD
by Crypto_SUP_Surfer
1
Bitcoin Drops Following Powell's Inflation✅✅✅Bitcoin Drops Subsequent To Powell’s Inflation Remarks ✅ In the previous day, the price of Bitcoin fell by 6.3%. The majority of cryptocurrencies also lost value after Powell’s remarks. Bitcoin and other cryptocurrencies fell on Friday as traders reacted to hawkish remarks made by Federal Reserve Chairman Jerome Powell during a major address at the Jackson Hole economic summit, an event that had dominated the markets all week. The price of Bitcoin dropped 6.3% in the last day to $20,251.34, returning it to a weekly low that had been left behind in the prior days’ gradual rise. Drastic Down on Crypto Market At its upcoming meeting in September, the Federal Open Market Committee will decide whether to raise rates by 50 or 75 basis points. Powell said the decision will depend on the totality of the incoming data and the evolving outlook. The Fed chair predicted that successful inflation control would most likely lead to slower economic growth for a sustained period. Interest rates would have to remain there for a long time in order to achieve that, he cautioned. Powell forecasted some pain for consumers and companies as well as quite likely some deterioration of labor market conditions. He continued, Failure to restore pricing stability will result in much worse suffering. Following Powell’s speech, the majority of cryptocurrencies likewise decreased in value, with FLOW, the 24-hour loss at 11%. The market cap of Ether (ETH), the second-largest cryptocurrency after bitcoin, decreased by 8.5%. The News Crypto ✅✅✅
by TheNewsCrypto
40
Bitcoin Miners Cash in Significant Earnings Before Price FallBitcoin Miners Cash in Significant Earnings Before Price Fall BTC has been able to maintain a $24,000 support level over the previous weeks. Over the last day, the value of BTC has fallen by over 8%. Many investors lost money this year due to the bears’ unexpected appearance. After the price of the Bitcoin fell below $20,000, Bitcoin (BTC) miners suffered devastating losses. Mining profitability plummeted immediately after January 2022. However, BTC has been able to maintain a $24,000 support level over the previous several weeks. This coincided with a massive selling frenzy among Bitcoin miners. Miners Played Safe New information suggests that Bitcoin miners moved approximately 6,000 BTC in only two weeks. Ali Martinez, a market analyst, has observed that miners have opted to capitalize on Bitcoin’s recent price increase. It’s also worth noting that Bitcoin’s value dropped significantly today. Over the last day, the value of BTC has fallen by over 8%. Because of this, the price of Bitcoin dropped to a low of $21,718. A high of $25,135.59 was reached for Bitcoin earlier this week. Many have hypothesized that miners foresaw the impending correction, given the previous selling frenzy and the BTC’s precipitous decline. As was said before, Bitcoin mining profitability is far lower than it was during the cryptocurrency’s prior peaks. When July is included, August was a very profitable month for miners. Profitability in Bitcoin mining as at press time was 0.117. At the June month’s close, this indicator shot up to 0.121.
Education
by TheNewsCrypto
6
BITCOIN when do the BEARS WIN?What's up everyone! 😃 The answer depends on many factors and we will be looking at a couple of different ones in the form of price acion patterns, indicators and reracements. ------------------------------------ Part 1: The Daily Chart; Channel life, the daily SMAs/EMAs and the trend's Fibonacci levels. - The Daily SMAs 50: 41.8k 100: 41.6k 200: 48.2 - The EMA Ribbon 20 Day EMA to Day 60 EMa 44k-43kk - The ascending channel Top: 48.300-48.600 Bottom: 38.400-38.800 - The trend's (32.9k-48.2k) Fibonacci retracement 23.6: 44.6k 38.2: 42.4k 50.0: 40.6k 61.8: 38.7k 65.0 38.3k 78.6: 36.2k ------------------------------------- Next Strong Support (lower green circle): - 50&100 day SMAs - The 38.2 level on the trend's Fibonacci retracement = 42.4k-41.6k Next Strong Resistance (upper green circle): - Daily EMA 20 - 23.6 Fibonacci level = 44k-44.6k ------------------------------------- Trend support (lower red circle): To stay in this trend that we are in since January now in form of this ascending channe, we need to hold the bottom of the channel as a worst case scenario. The good news is that there is more support in that area: - Ascending Channel support - 61.8 & 65 Fibonacci levels = 38.3k-38.7k Trend Resistance (upper red circle): (confirmation to the upside with daily close above) - Ascending channel resistance - 200 day SMA = 48.2k - 48.6k ------------------------------------- Conclusion: - The bears start winning if we fall below 41.6k and they officially start to take control below 38.3k - The bulls start seeing a reversal to the upside above 44k and start to take full control above 48.2k ------------------------------------- I would like to add that this post is meant exclusively for educational purpose and that non of my posts are financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
by BitcoinEasyIO
1
THINK THAT BTC CAN FALL TO 25K TO 32KBINANCE:BTCUSD Hello Friends My own analyses which I analyzed is BTC can still fall down. Because We can see a head and shoulder pattern in a weekly chart and a double top in 1day chart clearly check our my friends. My be BTC can fall again to 32k where the head and shoulder pattern started and a main support level. Still the uptrend haven't been started and it doesn't take the retest for an uptrend it take retest for a down trend. In my own analyze I say it doesn't started an uptrend. How ever market pumps and come fast again the place which it pumps. This is my own analyze. Thank you...
BITSTAMP:BTCUSD
by cryptosl2022