Chart_Hopper
Junior member
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Having a bullish day but could be manipulation
steveday76
Junior member
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Am going to buy and hold some more btc this week. Hopefully will start rise again soon.
steveday76
Junior member
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Could well drop to 15k this week.
Chart_Hopper
Junior member
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I think we could see a move down to the $11k-$12k zone after a retracement. We've simply never seen how bitcoin reacts in what could be a prolonged recession period if that transpires as expected.
MOnthyP
Newbie
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Hello!
Let's do some analysis about todays BTC price. So nowdays Bitcoin is in green mode. On previous week it hit almost 38k. Got flash dump and was bought strong buyers, and even don’t touched 35k support. It’s gave us understanding that as greater interest as price grows.
So, what’s for now?
Buying dips mode is on, till proven otherwise. Indicators shows bearish divergence, funding rate high, greed is on the verge of breakout, Fomo (fear of missing out) all over the market. Market need correction, but all this indicators can be unloaded at any time, BTC can go in small range, liquidate both side of longs and shorts and go up leaving everyone in the boat or flash dump, to get more liquidity to grow. As you remember, market can’t go always down or up, it must be healthy for all market players.
Recomended levels to watch: wide $35k-$33k and big level $30500 and $37800-$40k.
Stocks still bullish and Index of dollar capable to crack down, so those factors can support further growth 😇
Let's do some analysis about todays BTC price. So nowdays Bitcoin is in green mode. On previous week it hit almost 38k. Got flash dump and was bought strong buyers, and even don’t touched 35k support. It’s gave us understanding that as greater interest as price grows.
So, what’s for now?
Buying dips mode is on, till proven otherwise. Indicators shows bearish divergence, funding rate high, greed is on the verge of breakout, Fomo (fear of missing out) all over the market. Market need correction, but all this indicators can be unloaded at any time, BTC can go in small range, liquidate both side of longs and shorts and go up leaving everyone in the boat or flash dump, to get more liquidity to grow. As you remember, market can’t go always down or up, it must be healthy for all market players.
Recomended levels to watch: wide $35k-$33k and big level $30500 and $37800-$40k.
Stocks still bullish and Index of dollar capable to crack down, so those factors can support further growth 😇
MOnthyP
Newbie
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Hello, community!
Let's look closer to BTC price today, for now we hit almost 42k! Big year for crypto I must say, Bitcoin needed just 1 year to grow from low 16k, and show more then 2.5x growth, and we didn’t end year still.. so more to come! Love crypto for that 😍.
So, what’s for now?
Week and month candle close was bullish, pump weekends need to be confirmed on Monday close to be sure that we are ok.
Levels to watch: 39000-38500, 35k and big 32k and 43k-45k and up big 48-49k levels. Wide zones, because not enough time trading that zones. Dips are for buying till proven otherwise.
Altcoins market: BTC dominated, so ETH isn’t far too and lagging, altcoins heating up for now and ready to show some fun on week timeframe. Potentially on BTC flush we can expect move liquidity to altcoins from BTC and fireworks called: Santa rally, if all be according to plan.
Also we have important economic week, especially on Friday where we know NFP data.
Let's look closer to BTC price today, for now we hit almost 42k! Big year for crypto I must say, Bitcoin needed just 1 year to grow from low 16k, and show more then 2.5x growth, and we didn’t end year still.. so more to come! Love crypto for that 😍.
So, what’s for now?
Week and month candle close was bullish, pump weekends need to be confirmed on Monday close to be sure that we are ok.
Levels to watch: 39000-38500, 35k and big 32k and 43k-45k and up big 48-49k levels. Wide zones, because not enough time trading that zones. Dips are for buying till proven otherwise.
Altcoins market: BTC dominated, so ETH isn’t far too and lagging, altcoins heating up for now and ready to show some fun on week timeframe. Potentially on BTC flush we can expect move liquidity to altcoins from BTC and fireworks called: Santa rally, if all be according to plan.
Also we have important economic week, especially on Friday where we know NFP data.
Arya cryptocurrency
Member
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Hey everyone,
Here's my take on the current state of Bitcoin and some key points to consider:
1. Price Action & Technicals:
Bitcoin has shown resilience after recent fluctuations, consolidating within a key support zone around $26,000–$27,000. The recent bullish divergence on the RSI suggests potential upside momentum. Watch for a breakout above the $28,500 resistance—confirmation of a bullish trend reversal.
2. On-Chain Metrics:
On-chain data indicates increasing accumulation by long-term holders, which is a positive sign for sustained bullishness. The Bitcoin Reserve in Exchanges continues to decline, signaling reduced selling pressure.
3. Market Sentiment & Macro Factors:
Global macroeconomic factors, including inflation data and monetary policy decisions, continue to influence BTC's price. If inflation remains high and central banks hold a hawkish stance, Bitcoin could benefit as a hedge. Conversely, any signs of easing might lead to profit-taking.
4. Fundamental Developments:
Recent upgrades and adoption news, such as institutional interest and infrastructure improvements, bolster Bitcoin's long-term outlook. Keep an eye on regulatory developments, as they can cause short-term volatility.
5. Outlook & Strategy:
Given the current technical setup and on-chain signals, I see potential for a move towards $30,000 in the near term. However, it's prudent to wait for confirmation of breakout levels before entering new positions. Always consider setting stop-losses to manage risk.
Summary:
Bitcoin appears to be at a critical juncture. While the fundamentals remain strong, short-term volatility is possible. A cautious, well-informed approach with attention to key support and resistance levels is advisable.
Would love to hear your thoughts or any additional insights!
Here's my take on the current state of Bitcoin and some key points to consider:
1. Price Action & Technicals:
Bitcoin has shown resilience after recent fluctuations, consolidating within a key support zone around $26,000–$27,000. The recent bullish divergence on the RSI suggests potential upside momentum. Watch for a breakout above the $28,500 resistance—confirmation of a bullish trend reversal.
2. On-Chain Metrics:
On-chain data indicates increasing accumulation by long-term holders, which is a positive sign for sustained bullishness. The Bitcoin Reserve in Exchanges continues to decline, signaling reduced selling pressure.
3. Market Sentiment & Macro Factors:
Global macroeconomic factors, including inflation data and monetary policy decisions, continue to influence BTC's price. If inflation remains high and central banks hold a hawkish stance, Bitcoin could benefit as a hedge. Conversely, any signs of easing might lead to profit-taking.
4. Fundamental Developments:
Recent upgrades and adoption news, such as institutional interest and infrastructure improvements, bolster Bitcoin's long-term outlook. Keep an eye on regulatory developments, as they can cause short-term volatility.
5. Outlook & Strategy:
Given the current technical setup and on-chain signals, I see potential for a move towards $30,000 in the near term. However, it's prudent to wait for confirmation of breakout levels before entering new positions. Always consider setting stop-losses to manage risk.
Summary:
Bitcoin appears to be at a critical juncture. While the fundamentals remain strong, short-term volatility is possible. A cautious, well-informed approach with attention to key support and resistance levels is advisable.
Would love to hear your thoughts or any additional insights!
