Bitcoin / TetherUSMis à jour Bitcoin Technical Analysis
• Bitcoin has been moving as we predicted earlier.
• If you look at its daily chart, you will notice that Bitcoin has reached the upper boundary of its upward trend channel and has started to decline.
• The $43,500 support level, which we had identified as an important level to watch, has now been breached.
• Currently, Bitcoin's price is situated below the first level of the daily Fibonacci lines.
• We expect that after breaking through the second support level we projected, around $40,900, Bitcoin’s price might fall to the bottom of the upward trend channel.
(All analyses will be updated)
This analysis is informational, not financial advice.
• If you look at its daily chart, you will notice that Bitcoin has reached the upper boundary of its upward trend channel and has started to decline.
• The $43,500 support level, which we had identified as an important level to watch, has now been breached.
• Currently, Bitcoin's price is situated below the first level of the daily Fibonacci lines.
• We expect that after breaking through the second support level we projected, around $40,900, Bitcoin’s price might fall to the bottom of the upward trend channel.
(All analyses will be updated)
This analysis is informational, not financial advice.
Note
Keep an eye on the $40,900 level.Note
Bitcoin is currently fluctuating within the price range of $42,000 to $43,500 and has not shown any significant movement so far. Should it break out in either direction, the price may trend towards either $44,000 or $41,000.Note
Note
Bitcoin, after breaking through the EMA50 line, is currently trading below it. This action is contributing to a bearish trend. The first support level is expected to be at $39,000.
Note
Bitcoin precisely reached the target area we had in mind and has now initiated a pullback in the short term. It's crucial to observe its response to the upcoming resistance. A negative reaction could signify a fake breakout, potentially leading to a continued downward price trend.
Note
Short-term (4h TF) analysis:
Note
Update:
The 4-hour chart shows that Bitcoin is currently in a downtrend. This bearish trend is attributed to the loss of major support, evidenced by the formation of a lower low compared to the previous low, and a lower high compared to the previous high. At the moment, Bitcoin is experiencing a pullback to the previously breached support zone, which is expected to extend to around $43,000.
Once this pullback concludes, the primary bearish trend is anticipated to resume, potentially leading to a further decrease in Bitcoin's price towards the next support level around $37,400. Moreover, the presence of a bearish pattern suggests that the price might start to decline from this region.
Note
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Claim a 7-day trial: t.me/cornix_groups_10_bot?start=group_invite-3301c0310d53475d9342f9bd0468cc6b
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.