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#BTC/USDT ANALYSIS
BTC perfectly continued its bullish move after reclaiming the main horizontal support and breaking out the descending trendline resistance.
Bullish volume is expanding, and $21.5K is the current resistance level that bulls must break to keep the market's bullish momentum going.
BTC perfectly continued its bullish move after reclaiming the main horizontal support and breaking out the descending trendline resistance.
Bullish volume is expanding, and $21.5K is the current resistance level that bulls must break to keep the market's bullish momentum going.
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#BTC/USDT ANALYSIS
BTC recovered the strong horizontal support after deviation, and the bulls continued with the bullish momentum and breakout the long downtrend with a solid volume.
The short-term resistance level is around $25K🧐, from where a higher low is expected, and the fundamental resistance level for bulls is $30K.🧐
BTC recovered the strong horizontal support after deviation, and the bulls continued with the bullish momentum and breakout the long downtrend with a solid volume.
The short-term resistance level is around $25K🧐, from where a higher low is expected, and the fundamental resistance level for bulls is $30K.🧐
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#BTC/USDT ANALYSIS
BTC is trying to bounce from the falling wedge and ascending channel support. A solid breakout of the falling wedge would be the confirmation of a bullish move toward the resistance trendline of the channel.
In case of a sustained breakdown of the channel, a downward move is normal toward the horizontal support, from where we could expect a bounce back in the market.
BTC is trying to bounce from the falling wedge and ascending channel support. A solid breakout of the falling wedge would be the confirmation of a bullish move toward the resistance trendline of the channel.
In case of a sustained breakdown of the channel, a downward move is normal toward the horizontal support, from where we could expect a bounce back in the market.
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#BTC did take a retest back to the zone as major support level. Expecting this area to hodl the price and sustain above $30,000. Weekly Candle, already going above the Weekly resis area, need a closing too 📈
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#BTC is been back to the support zone and retesting again around $26,450. Well, today we might not see much volume, so range might continue but by this weekend, we can see a push till $27,350, if price sustains above $25,000 mark.
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#BTC/USDT ANALYSIS
The current market conditions are marked by low trading volume, indicating uncertainty between bullish and bearish forces. MACD crossover is losing bearish momentum.
The bulls need a high volume move to break the MA 100 for the bullish confirmation, while a sustained breakdown of the horizontal support would be a bearish sign.
The current market conditions are marked by low trading volume, indicating uncertainty between bullish and bearish forces. MACD crossover is losing bearish momentum.
The bulls need a high volume move to break the MA 100 for the bullish confirmation, while a sustained breakdown of the horizontal support would be a bearish sign.
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#BTC_Update 4H
Nice rally off the $25,600 range low, but no follow through up to the range highs, so again we are stuck mid range
No entry for me on #Bitcoin unless we clear $26,600
Nice rally off the $25,600 range low, but no follow through up to the range highs, so again we are stuck mid range
No entry for me on #Bitcoin unless we clear $26,600
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Trading one direction at a time with Bitcoin..#BTC Next $28000 Resistance Level ☝️☝️🔥🔥
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#BTC rebounds its range back to the $42,000 level, where it bounced from the major support. Price also made a jump because of #FOMC news, the rates remains the same and currently price testing the structural resistance and might touch the Top one at $45,000. This is a new range, so have to wait for the breakout now.
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#BTC :
Currently, Bitcoin (BTC) is going through a strong dumping period and is trading at the $42,000 level. According to my analysis, I expect the nearest support areas from which the price might rebound are:
$39600
$39000
https://www.tradingview.com/x/pXK7Bgsw/
Currently, Bitcoin (BTC) is going through a strong dumping period and is trading at the $42,000 level. According to my analysis, I expect the nearest support areas from which the price might rebound are:
$39600
$39000
https://www.tradingview.com/x/pXK7Bgsw/
TradingView
BINANCE:BTCUSDT Chart Image by CryptoSignalvip