Bitcoin analysis

A nice pump up to $21.5k over the weekend. Will be interesting to see how it does over the week

In my opinion, this is wise. DCA is a smart move. For sure, the world is going MORE digital, not less. BTC appears to be the leading contender for currency in the digital world.

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I agree, all the big hedge funds DCA its definitely a proven way to improve an investment

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I am waiting for the price to breach the bearish trend line in the weekly chart. As long as the price remains below that trend line, Bitcoin may not get that bullish.

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Its pushing down hard today seems like its going to complete the sell model

Bitcoin has found its resistance at 19.5K. It is a flipped resistance. Thus, the sellers may wait for the price to offer them short entries.

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I think we may see a bear trap at current levels, can see it wicking down hard before pushing up and continuing to range

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Iā€™ll check it out thanks

Amazing ill check it out later!

Bitcoin has been traded within a range in the H4 chart. The level of 18.2K seems to be holding the price as a level of support. A bearish breakout may drive the price towards the South further. If it holds, it may push the price towards the North. However, to get bullish, Bitcoin needs some time.

Good morning all. Today is another little check up on Bitcoin . I am still holding a long here at this demand zone . We can see the whole picture here in this chart. Do you believe in the power of 3? What I do know is that price is now trading above the 100 moving average, we are moving above the long standing downtrend line, so is the bottom in? With recent troubles around the world Bitcoin has had itā€™s chance to break lower but hasnā€™t. Recent trading volume for Bitcoin futures peaked back above $1 Trillion for September, so hopefully we will see the increase continue. Keep holding for now the next couple of weekā€™s could tell a story. GLIYF

Bitcoin have had several bounces at 18.5K. The level may work as a level of support and push the price towards the North. The buyers are to wait for the price to make a strong bullish move in the daily chart to go long.

Bitcoin made a strong bearish move in the intraday charts today. It seemed that it may have ended up making a bearish breakout at 18K. The level pushed the price towards the North. The buyers now be more optimistic with that level.

Still in a tight range. So many orders being collected lol

Bitcoin has been very bearish in the weekly chart by following a trend line. The intraday charts show that Bitcoin is traded above the level today. However, it is not a breakout yet since it is to be broken by the weekly candle. Nevertheless, the buyers may be more hopeful this time for bullā€™s domination in Bitcoin.

What does this mean? :open_mouth:

According to a recent report released by Nasdaq (a reputable bitcoin prediction website), a 35-member group established by Forbes anticipates bitcoin will reach a new resistance level of roughly $76,000 by the end of 2022. Another ā€˜Forkastā€™ - organised group reduced an earlier target for bitcoin to $65,185 by the beginning of 2023.
So, Iā€™m still hoping for a bullish trend in Bitcoin, and I believe it will reach the $60k barrier by the end of the year.

It gets choppy again in the H4 chart. Traders are to be very patient for Bitcoin to make some good bullish move and go long in it.

Good luck if you follow