Here we have Support and Resistance from 2017 till 2024 of BITSTAMP:BTCUSD 1. Daily 2. Weekly 3. Monthly Clustered in the Object tree.
Objective: I am waiting and not entering as the open interest is high and Believe th Objective: Monitoring ETH but not entering immediately due to mixed signals. Open interest remains high, and I expect short-term price fluctuations. Technicals: Short-term bearish as ETH shows 0.805 correlation with CRYPTOCAP:BTC , which is facing downward pressure. ...
You can find the reasons here: As BTC has grown over time, we are now forming a head-and-shoulders pattern, which suggests a potential correction. This correction could allow more people to enter the market. I expect the 30-minute candle to drop below 93,800 within the next few hours (3–4 hours). We are approaching an important trendline level from the past....
Over the years, Bitcoin has developed a recognizable pattern: after a prolonged bearish phase, it experiences sideways movement to accumulate enough buyers. This is often followed by a significant upward movement, reaching an all-time high with around 100% growth. After this upward surge, the market typically transitions into a sideways phase, leading to a...
Trump's policies, including appointing a secretary supportive of crypto, have played a role in the market. Mining costs are still not too high, sitting at $1.36. Once they hit $2, miners often start selling their BTC. At the moment, BTC prices are at a pivotal point - not an all-time high (ATH), but significant nonetheless. Miner exchange inflow has also decreased...
The news around Bitcoin (BTC) has been overly positive, especially with China's recent move to legalize ownership, which has been supporting the price. Additionally, Trump’s election victory has provided another boost to Bitcoin's momentum. The Bitcoin ETF has reached an all-time high in Assets Under Management (AUM) at $86 billion, further driving prices higher...