Certainly, here’s the information with the symbols removed: First, let’s discuss the recent important event: Bitcoin has been undergoing corrective movements within a descending channel for over two years. Recently, Bitcoin completed five upward waves within this descending channel. By breaking the uptrend line, we confirmed the end of the main wave 5. Currently, Bitcoin […]
On-chain data analysis reveals that two key indicators within the Bitcoin market are currently revisiting levels that have historically held significance in influencing its trajectory. Bitcoin Net Unrealized Profit/Loss (NUPL) Indicators Show Neutral Stance for Short-Term & Mid-Term Holders Highlighted in a recent post by a CryptoQuant analyst, the BTC NUPL indicators are undergoing a […]
As the cryptocurrency market continues its rollercoaster ride, Bitcoin ($BTC) remains in focus for traders and investors worldwide. In this late-night update, we’ll delve into the lower time frames of the BTC/USD pair to gain deeper insights into its market structure and potential targets. Bearish Market Structure: Taking a closer look at the lower time […]
Bitcoin In my opinion, predicting the precise next move of Bitcoin’s price, whether it will reach $28K or $32K, is challenging due to the inherent volatility of the cryptocurrency market. While technical analysis can provide insights into potential support and resistance levels, it’s important to remember that the cryptocurrency market is influenced by a multitude […]
The Bitcoin market has seen some promising signs lately, with bullish sentiment taking over. However, it’s essential to remain cautious as we navigate through these uncertain times. 💡 Bitcoin is bottomed out & Currently in Accumulation Phase. 💡 Experts believe that Bitcoin has found its bottom and is now in an accumulation phase. This presents […]
Bitcoin’s bounce from the local range lows and RSI’s rebound at 50, suggesting the bearish divergence has run its course. Could we be on our way back to the upper end of the range?Patience is key while we await the breakout direction. #Bitcoin#Altcoins#CryptoMarket Altcoins Are Heating Up! Altcoins are moving across the board, which is […]
DAILY CHART Bitcoin dipped yesterday, but quickly recovered. Now it is continuing to show further weakness. On the positive side, RSI is at 50, which is considered support and if it can close in the current area, then hidden bullish divergence is possible – a higher low on price and lower low on RSI. That […]
Bitcoin’s price is currently experiencing downward movement, approaching the $29,200 level. However, for a potential upward surge in the near future, it is crucial for BTC to surpass the $30,500 mark. The prevailing market conditions show bearish signals as Bitcoin is trading below both the $30,300 level and the 100-hourly Simple Moving Average. On the […]
WEEKLY CHART This move has stalled. For the third week (two days left in this candle, so not confirmed), we can see price being rejected at $31,000, with a wick above that level. BlackRock news took price from $25,000 to $31,000. That was a significant push. Is it enough to keep price rising? We will […]
