Technical: Price is only slightly above SMA7 and sitting near EMA30, meaning the move is corrective, not trending. MACD just turned positive but weak, while RSI ~45 shows buyers lack dominance. After a −76% weekly drop, rebounds usually face heavy profit-taking near resistance. As long as RIVER fails to hold above 15.5, downside continuation remains favored.
The Federal Open Market Committee is poised to keep rates in a range of 5.25% to 5.5% at its two-day policy meeting, a two-decade high first reached in July. The rate decision and economic forecasts will be released at 2 p.m. in Washington. Chair Jerome Powell will hold a press conference 30 minutes late
After touching the major support at 40,000, BTC is now trading near 41,800. It's hard to determine if the downtrend has ended. There's a significant resistance zone from 42,700 to 43,500, and another from 43,200 to 43,900. If these big resistances break with volume, BTC has a chance to reach the 44,000 to 44,700 zone, facing another significant resistance before heading towards 46,000 to 47,000.
If the support is broken, it could lead to a drop towards 38,000, then 35,000, and finally 33,000. The market structure is currently bearish, but on a lower timeframe, it seems to be turning bullish. The price is also building liquidity below the support, which could lead to a market sweep soon. It's advisable to wait for further price development.
Crypto freaks
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#Bitcoin is bouncing back from the demand zone of $40k. As I mentioned, as long as $40k holds, we are in good shape. It is important to see how the weekly close will be. For now, BTC can most likely make an attempt to breach the $44k resistance level. #BTC #MANTA #Launchpool
#Bitcoin is bouncing back from the demand zone of $40k. As I mentioned, as long as $40k holds, we are in good shape. It is important to see how the weekly close will be. For now, BTC can most likely make an attempt to breach the $44k resistance level. #BTC #MANTA #Launchpool
In 2023, Bitcoin strengthened by 154%, with the upcoming halving in April as a key driver. The halving, occurring every four years, limits the maximum supply to 21 million bitcoins. As of January 2023, the supply was 19.59 million units. The block reward will halve in 2024, reducing it to 3,125.
Historically, after the 2020 halving, Bitcoin's price increased by 1263%. Between the halvings of 2012 and 2016, the price rose by 5187%, and between 2016's halving and the subsequent all-time high, it climbed by 2922%. Institutions like MicroStrategy are increasing Bitcoin acquisitions, with 56,650 bitcoins acquired in 2023 compared to 8,109 in 2022, gearing up for the upcoming halving in April. #BTC #etf #sol
#BTC has once again been rejected from the 44K resistance level. It is currently holding above the upper support of this triangle. The bulls need to break the 44k resistance in case of further upward movement. Let's see how the market reacts. #BTC #ARB #tia
#BTC experienced a freakout, closing several candles under the ascending triangle. Additionally, it captured downward liquidity with a wick. Presently, it is trading above the lower trendline and finds support from the Ichimoku cloud. A definitive breakout or breakdown of the triangle will confirm the short-term market direction. #BTC
Potential Reason for the Dump Could be the #Matripox foresaw the SEC's rejection of the #BitcoinETF at spot # in January and anticipates a potential dip in #Bitcoin, reaching approximately $35,000 before its next upward movement.
$BTC Currently Trading on 42250$ Which is Locally Supporting Area , But This Time Bitcoin didn't get Support From this Area , this will go to 41800$ For Support, and get normal Reversal From There , But if we See There is New Candles Opening- ( Yearly - Weekly - Monthly - Daily ) So We Can See Trap Setup From BTC that it will dump till 40500 then Go Back to 43000$
Remember Must : If #BTC Need Perfect Reversal & Strong Volume, from 39100 - 39350 this Area then you can See the Price of 45K - 48K otherwise Still No Chances to Goes Up To 45K - or 48K
If We Fails To Get Reversal From 39200 Zone Which is Major Support then our Next Stop To GAP 37450$ - 37750$ #BTC
BTC has rebounded from the trendline and found support within the Ichimoku cloud, accompanied by a notable increase in trading volume. Presently, it is near the triangle breakout point.
A definitive breakout would serve as bullish confirmation, whereas a rejection could indicate a continuation of price movement within the confines of the triangle. #BTC #ETH #ORDI #sol
Mostly People betting on $SOL to go down but I'll recommend you to don't go on Short blindly. $SOL is continuously making Bullish pannet and I'm not watching any weakness in PA. I'll try to Short only once it short short BOS and weakness or 160$ is that region in which I see a small correction but don't recommend you to put limit. I'll def go Scalp Long If it continuously making the Bullish Pannet. Happy Trading!! #SolanaGems #sol #ORDI #SATS
BTC is moving in an ascending triangle on 12h TF. Currently, it is trading above the ascending trendline and the MA 50. The Ichimoku cloud is showing a positive trend.
A bounce from here and break out of the ascending triangle would be a strong bullish confirmation. If it breaks down the triangle, that would be a sign of short-term correction in the market.
#Bitcoin (BTC) is presently consolidating above a descending triangle, exhibiting a pattern reminiscent of a bullish flag. A successful retest or a breakout from the accumulation zone would confirm a bullish trend. However, if the retest fails and the price retreats within the triangle, we may observe further movement confined within the triangle's boundaries. #BTC #INJ #sol #ETH
#Bitcoin is experiencing a robust upward movement, aligning seamlessly with the horizontal support level as anticipated. Presently, it is positioned to undergo a retest of the descending trendline. Conversely, a breach of the horizontal resistance could signify a bullish confirmation. #crypto #BTC #ETH #ICP
#Bitcoin has rebounded within its range back to the $42,000 level, where it bounced from major support. The current price is testing structural resistance and might touch the top one at $45,000. This is a new range, so we have to wait for the breakout now.
Crv looкs lot morе bullіsh еsреcіаllу CRV/BTC. ... ↳ CRV іndееd looкs clеаnеr аnd іs іn а bouncе zonе, thе dаіlу trеnd, 0.67 would bе а good short tеrm tаrgеt, thеn уou sее іf іt mаnаgеs to flір thе lаtеst hіgh аnd go for 0.80 or no #CRV #CRV/USDT #BRC20
"Bitcoin (BTC) still holds strong above the ascending trendline support, awaiting bullish momentum for confirmation. Caution on a sustained breakdown, potential correction ahead.
BTC bounces back, retesting the ascending trendline and finding support at MA 100. 📊 A bullish rally is on the horizon as long as it holds above the trendline. 🚨 Caution: A sustained breakdown might trigger a market correction. #BNB #ARB #BTC/Update: #BTCto40k