Bitcoin Market Analysis 🔥

As of the latest trading patterns, Bitcoin has not experienced the anticipated upward price movement. This development suggests that the market is still in an early phase of its trend cycle. Here's what this implies for Bitcoin traders and investors:

1. **Market Consolidation**:

The price needs to stabilize at the current horizontal support level.

2. **Trend Interruption**:

The previous ascending trend has been disrupted.

3. **Potential Correction**:

There is a higher probability of a price correction occurring at this juncture rather than a continuation of the upward trend.

For the upward growth trajectory to resume, the following conditions should be met:

1. **Resistance Compression**:

The price action should exhibit a compression pattern near the horizontal resistance, characterized by consecutive candlesticks closing higher than their opens.

2. **Resistance Breakthrough**:

A decisive breakout above the $66,000 resistance level, followed by a subsequent upward retest, would indicate that the correction phase has concluded.

Positioning Strategy:

- **Entry Orders**:

Current orders are placed below the market price, with an average entry point around $60,000.

- **Profit Reinvestment**:

Profits from recent trades are being reinvested into positions below the $66,000 mark to capitalize on potential upward movements.

$BTC

#bitcoin #BTCUSDT #BTC #btcusdt

- **Markus Thielen's Prediction**:

- Believes Bitcoin will reach a new all-time high.
- Spotted a "head and shoulders" pattern indicating a potential rally towards **$83,000**.

- **Current Resistance**:

- Bitcoin faced resistance and retreated to just over **$69,000** on June 7.
- Despite this, the bullish chart pattern remains in play.

- **Economic Factors**:

- Global central bank easing cycle has begun with rate cuts in Canada and Europe.
- US economic slowdown could lead to reduced inflation.

- **US Employment Data**:

- Unemployment rate increased to **4.0%**.
- Number of jobs added was higher than expected.

- **Bitcoin's Market Movement**:

- Price increased by **3.1%** with **$4.8 billion** inflows last week.
- Predicted rally was **5.8%**, based on regression analysis.

- **Inflow Analysis**:

- Around **$13 billion** in new inflows needed to hit the **$83,000** target.
- A breakout above **$71,600** could lead to more buying.

- **Market Sentiment**:

- Lower US employment and inflation data may support new highs for Bitcoin.
- Long-term holder selling is currently preventing price increases.

- **Bitcoin's Trading Price**:

- Trading at **$69,420**; found support after a **2.5%** decline.
- Needs to break **$71,500** for further upward momentum.

Keep an eye on the market trends and economic indicators for Bitcoin's next move! 👀💼

#bitcoin #btc70k #BTC☀️ #btcusdt

$BTC update :

it's still under ATH resistance and i expecting today move DOWN. at least to the short term support.

trade will be invalidated tomorrow due to weekends.
#btc #btcusdt

$BTC mid term view:

nothing changes. still ping pong in small triangle with small volatility. expecting move down to the bottom border of big triangle.

#btc #btcusdt

$BTC update:

#btc is trying to break the small triangle up. wouldn't recommend to buy it here as Monday very often is a day for manipulations. + it's till under resistance . better buy when it's break it and will come to retest.
#btcusdt

$BTC shortladım. SL: 69210, TP'nin ucu açık aslında kafanıza göre kârı beğendiğiniz yerde kapatın ama ufak miktar da olsa işlemde para bırakın bence 60k altına bile sarkabilir bu hafta. #btc #btcusdt #binance

#Bitcoin Legendary Support Line! 🔥

#bitcoindifficulty #BTC #btcusdt #btcupdate

No reasons to long or short right now.

My plan is just wait for now, then long again above 24k.

#btcusdt #bitcoinupdate #btcpriceupdate #BTC #tradingeducation

The best seat to find some gems 💎 😂


#cryptomeme #Meme #cryptotrading #btcusdt #buildtogether

#bitcoin recovered from the biggest US bank collapse since 2008... in just 3 days. 😎

#cryptotrading #btcusdt #Altcoin #buildtogether

It's important to be aware of developments in cryptocurrency regulation, as well as major news events like ICOs and airdrops.
#btcupdate #btcusdt #Binance #LearnCrypto

#Bitcoin update

Major support is 21300 , if #btc breaks this alts can do heavy bleeding , above this we can go for new highs.

Arrows marked on chart like & share if you find this helpful.

#Binance #crypto2023 #btcusdt

#btcusdt ready for next move #Bullish

WARNING SIGNAL BITCOIN JUST FLASHED!!!!

#Bitcoin #bitcoindifficulty #btcupdate #BTC #btcusdt

Bitcoin difficulty adjusts 10%, surpassing 180T, a new all-time high.

Bitcoin difficulty adjusts positively for the third time in 2023, with two double-digit positive adjustments.

#bitcoindifficulty #Bitcon #BTC #btcupdate #btcusdt

BTC after a big pump its reached the weekly S/R level (28800).In My Opinion We may see some consolidating move around 28k-25k dollar then a dump to 20k$ for filling the CME gap & Then A Rocket Move to break 28.8k$ resistance.(If Break 20k$ Level Then Be Ready For 10k$)#btcusdt

#BTC #btcusdt ✅

This chart was posted when prices was $24k+

#bitcoin broke the zone took LQ below $20k ( flush/swept it)

Weekly closing soon,

So far weekly looks very good IMO Bitcoin shorts trapped under $21k!

Everything looks fine except fud next week👀

Bitcoin  Short Term Fractal (4H)

In lower timeframe, #BTC price action seems to be repeating itself while MACD is reproducing the same sequence.

#Binance #btcupdate #btcusdt #marketupdate

Bitcoin Price Prediction: BTC Rises 6% Amid Israel Crisis, Taproot & Tesla AI

As global events and tech advancements shape the crypto world, Bitcoin price stands resilient. Trading at $28,247 with a 0.84% decline on Thursday, its price rose 6% amidst US calls for action against Hamas' crypto use following Israel's strike.

Additionally, Bitcoin's ecosystem is enriched by the inclusion of stablecoins through Lightning Labs' Taproot Assets alpha. Even as Tesla dives deep into AI, Bitcoin's value in their earnings remains steadfast.
US Lawmakers Urge Action on Hamas' Crypto Use Post-Israel Strike

A bipartisan group of 105 US politicians, including Senators Elizabeth Warren, Roger Marshall, and Representative Sean Casten, have called on the Biden administration for swift action against Hamas and its affiliates' use of cryptocurrency.

This call to action follows a deadly incident in Israel perpetrated by a militant Palestinian faction. The legislators expressed "grave concern" over how groups like the Palestinian Islamic Jihad and Hamas utilize digital assets to fund their activities, thereby circumventing US sanctions.

Bitcoin Price Prediction

For the October 18 BTC/USD technical analysis, Bitcoin's activity is evident on a 4-hour chart. The pivotal value for the asset is $28,582. Currently, it encounters sequential resistance at $29,237, followed by $29,921, and then at $30,500.

On the contrary, potential support markers are at $27,691, dropping to $27,239, and further down at $26,576. The 50-day Exponential Moving Average (EMA) is set at $27,250. With Bitcoin's price trading above this EMA, it implies a short-term upward trend.

In essence, Bitcoin's current trajectory leans towards the bullish side as long as it sustains above $28,000. In the near future, Bitcoin might challenge the mentioned resistance points, warranting traders' attention to these levels.

#BitcoinWorld #bitcoin #btcusd #btcusdt

$BTC Hi followers welcome back with new opportunity to take buy trade on #btcusdt

points : market is Sideways previous some days not breaking his high and now market had much LIQUIDITY of seller's. high chances is market will grab the seller's liquidity and break high for breaking ATH.

ovoid mistakes : don't forget to add Stoploss. don't putt all of your money in 1 trade. don't use high leverage because some time volatile market not triggered SL and liquidate your all money. liquidation price need far from sl price

follow for more opportunities 😉

must like this post for your feedback i fell well while seeing your likes

if your not interested in this trade reply blow the comment section what is the reason for helping other's

best of luck family 🤗💗