The current support level is at $64,820, where staying above it is positive for a potential rebound towards the resistance at $68,480, from which it last reversed.
Losing the support is negative and opens the door for a correction towards $62,660.
Good luck 😊
Disclaimer: The content and discussions within the "Bitcoin Analysis" are solely intended for informational, educational, and analytical purposes only. These are provided for the general information of the subscribers "and should not be construed as professional or trading advice or investment recommendations". The decision to engage in trading activities rests solely with the subscriber.
Bitcoin reached new resistance levels at $68,480, forming a new barrier for its upward movement.
Breaking the $68,480 resistance is positive, targeting $70,700 initially.
The support at $64,820 is crucial to maintain an upward trend, otherwise, it might head towards $62,660
Good luck 😊
Disclaimer: The content and discussions within the "Bitcoin Analysis" are solely intended for informational, educational, and analytical purposes only. These are provided for the general information of the subscribers "and should not be construed as professional or trading advice or investment recommendations". The decision to engage in trading activities rests solely with the subscriber.
Hi BITmarketers! 👋 Bitcoin Analysis - Daily Time Frame,
Bitcoin remains in an upward trend for the sixth consecutive day after the market recovered from the latest drop.
Currently, the Bitcoin support at $64,980 is crucial to maintain in order to continue rising towards the targets indicated on the chart, starting at $68,660.
Losing this support would be negative and could open the door for a correction towards $61,990.
Good luck 😊
Disclaimer: The content and discussions within the "Bitcoin Analysis" are solely intended for informational, educational, and analytical purposes only. These are provided for the general information of the subscribers "and should not be construed as professional or trading advice or investment recommendations". The decision to engage in trading activities rests solely with the subscriber.
A new Bitcoin analysis has been published by our analyst team 😃
Bitcoin Analysis - Daily time frame,
As long as the price remains above $61,500, the target range is 64,150$ - $67,400..
Good luck 😊
Disclaimer: The content and discussions within the "Bitcoin Analysis" are solely intended for informational, educational, and analytical purposes only. These are provided for the general information of the subscribers "and should not be construed as professional or trading advice or investment recommendations". The decision to engage in trading activities rests solely with the subscriber.
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A new Bitcoin analysis has been published by our analyst team 😃
Bitcoin 4 - Hour Chart
Current Bitcoin support is at $55,170. As long as the price remains above this level, the first target is $57,120, followed by $59,300 and $62,350.
Losing the support at $55,170 is negative and opens the door for a correction towards $53,200, potentially reaching $50,200 if the negative trend continues.
Good luck 😊
Disclaimer: The content and discussions within the "Bitcoin Analysis" are solely intended for informational, educational, and analytical purposes only. These are provided for the general information of the subscribers "and should not be construed as professional or trading advice or investment recommendations". The decision to engage in trading activities rests solely with the subscriber.
The current market situation is influenced by the collapsed Mt.Gox platform, which is set to repay its clients $9.5 billion worth of Bitcoin. Earlier today, it transferred 47,000 Bitcoin, contributing to a significant market correction.
On the technical front:
Bitcoin Analysis - 4-Hour time frame,
Bitcoin has reached a support level at $53,460. Maintaining this support level provides a positive outlook for the market, with a target measurement around $56,300. However, if the support at $53,460 is lost, it opens the possibility for testing the $51,860 level
Disclaimer: The content and discussions within the "Bitcoin Analysis" are solely intended for informational, educational, and analytical purposes only. These are provided for the general information of the subscribers "and should not be construed as professional or trading advice or investment recommendations". The decision to engage in trading activities rests solely with the subscriber.
A new Bitcoin analysis has been published by our analyst team 😃
Bitcoin Analysis - Daily time frame,
Bitcoin has rebounded from its primary daily support at $60,000, which is also a psychological barrier, driving the price upwards towards the current resistance at $64,140.
Breaking this resistance targets $66,750, followed by $68,530.
The resistance at the top of the horizontal price channel at $71,400 is a significant level that needs to be breached to continue the upward momentum towards $76,400.
Good luck 😊
Disclaimer: The content and discussions within the "Bitcoin Analysis" are solely intended for informational, educational, and analytical purposes only. These are provided for the general information of the subscribers "and should not be construed as professional or trading advice or investment recommendations". The decision to engage in trading activities rests solely with the subscriber.
A new Bitcoin analysis has been published by our analyst team 😃
Bitcoin Analysis - 4-hour time frame,
Bitcoin is facing resistance at $62,190 on the 4-hour timeframe, with nearby support at $61,240.
Breaking through the resistance would restore bullish sentiment and target $63,165 and $64,800, which would also lift the overall market sentiment.
Losing the $61,240 support would be negative and could open the path to the $59,400 level again.
Good luck 😊
Disclaimer: The content and discussions within the "Bitcoin Analysis" are solely intended for informational, educational, and analytical purposes only. These are provided for the general information of the subscribers "and should not be construed as professional or trading advice or investment recommendations". The decision to engage in trading activities rests solely with the subscriber.
A new Bitcoin analysis has been published by our analyst team 😃
Bitcoin Analysis - Daily Time frame
Bitcoin remains under resistance at $65,900, which must be breached to rise towards the first target of $69,600, potentially reaching $76,150.
Other indicators, such as the MACD, suggest a possible bullish crossover, supported by the Stochastic RSI, a momentum indicator that has reached oversold levels.
Market support stands at $61,085, protecting Bitcoin from falling towards $55,200.
Good luck 😊
Disclaimer: The content and discussions within the "Bitcoin Analysis" are solely intended for informational, educational, and analytical purposes only. These are provided for the general information of the subscribers "and should not be construed as professional or trading advice or investment recommendations". The decision to engage in trading activities rests solely with the subscriber.
A new Bitcoin analysis has been published by our analyst team 😃
$BTC Analysis - Weekly time frame
Bitcoin has moved within the current consolidation zone for more than 3 months.
The possible scenario is to break through the resistance and go up. The key to the upside is the breakout of $71,420 on the weekly time frame.
The major support to keep the positivity in the market is 61,200$
Good luck 😊
Disclaimer: The content and discussions within the "BTC Analysis" are solely intended for informational, educational, and analytical purposes only. These are provided for the general information of the subscribers "and should not be construed as professional or trading advice or investment recommendations". The decision to engage in trading activities rests solely with the subscriber.
A new Bitcoin analysis has been published by our analyst team 😃
$BTC Analysis - Daily time frame
After 15 days of trading within a consolidation range, Bitcoin was able to make a positive breakout, currently targeting $72,650 - 76,450$, followed by $80,800 if the positivity in the market continues.
Important support for Bitcoin is $65,975 and that to continue the upward trend.
Good luck 😊
Disclaimer: The content and discussions within the "BTC Analysis" are solely intended for informational, educational, and analytical purposes only. These are provided for the general information of the subscribers "and should not be construed as professional or trading advice or investment recommendations". The decision to engage in trading activities rests solely with the subscriber.
A new Bitcoin analysis has been published by our analyst team 😃 BTC Analysis - 4H
Bitcoin is still positive after rising to 70,000 levels yesterday. Currently, the support pattern that pushes the price upward is $68,390. As long as the price is above this support, the $70,900 - $72,000 range remains targeted, up to $73,980.
Losing this support with the bottom of the pattern is negative and opens the way for a decline that could reach $65,150
Good luck 😊
Disclaimer: The content and discussions within the "BTC Analysis" are solely intended for informational, educational, "and analytical" purposes only. These are provided for the general information of the subscribers "and should not be construed as professional or trading advice or investment recommendations". The decision to engage in trading activities rests solely with the subscriber.
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