Trend Analysis: The broader trend appears to be downward, with Bitcoin forming a potential falling wedge on the daily chart. Falling wedges are generally considered bullish reversal patterns, but confirmation is needed. Support and Resistance: Support: $82,500 is a critical short-term support. Below this, $79,000 and the stronger zone around $76,100–$73,600 are key supports. Resistance: $85,100–$85,300 is the immediate resistance. If BTC breaks this zone with a strong daily close, it could lead to a significant upward move. Volume: The volume seems relatively low, indicating possible indecision in the market. A volume spike could confirm a breakout or breakdown.
Hello everyone, I invite you to review the current situation on Theta Token. When we enter the one-day interval, we can see how the price moved in the formed downtrend channel. What's more, we can see here the movement at the lower border of the channel and how the price maintains a strong support at the level of $ 0.90, however, if we go lower, just below the channel border, a very strong support zone for the price from $ 0.69 to $ 0.42 is visible. We can also see how the price enters a slight sideways trend in which it can approach the downtrend line lasting inside the downtrend channel, such consolidation and gathering of energy can have a positive impact on the movement in the coming weeks, which can lead to growth. When such a scenario works, we can see a nice upward movement around $ 1.36, another significant resistance can be seen at $ 1.75, and then we have strong resistance around $ 2.36. It is worth paying attention to the MACD indicator here, which shows how we are staying in the lower range and the ongoing movement is visible here, which may also indicate a potential attempt to rebound the price.
touching 6 years trend line which never broke RSI in Over sold zone and divergence, BB also indicating volume rising and price droping all indicating reversal, its good level to get in the ride for long
https://www.tradingview.com/x/F31r9QFu/ Hello,Traders! AUD-JPY is trading in a Local uptrend and the pair Made a bearish correction And then retested the Horizontal support of 94.595 And we are already seeing a Bullish reaction from the Support so as we are Locally bullish biased And we will be expecting A further bullish move up Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
We would like to see the price of #GALA at least at $0.10-0.11 by the end of this year !) And you? Well, looking at the OKX:GALAUSDT chart, I want to believe that the trend of “updated high - not updated low” will continue... Next in line: "updated high" _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Who agrees with me that gold’s major resistance level for the current phase is 3038.19? ?? This level is critical for determining whether prices will break higher or face rejection. Let’s discuss! ?️?
Opened a short trade on Rune just now. I anticipate that we'll have a big dump and that we'll push down to the $1.00 area again. However along the way I have a few areas where I'll be looking to potentially take profit and maybe scale back in at a later time if it makes sense. That is given the trade actually plays out according to my DTT strategy. Anticipating a push down soon else I'll likely get stopped out.
Bitcoin/U.S. Dollar (BTC/USD) 4-hour , Chart Details: 1. Price Levels: • The current price is $82,260.11. • SELL and BUY prices are $82,247.68 and $82,257.91, respectively. 2. Market Structure: • A resistance zone is visible around $84,000. • Price appears to have faced rejection from this resistance. • Two Target Levels: • Target 1: Around $76,000 • Target 2: Around $72,000 3. Trend Analysis: • A descending trendline is drawn, indicating a bearish movement. • The chart suggests a breakout and retest, followed by a potential bearish move. Overall, this chart reflects a bearish market structure, where the price is expected to first test the resistance zone, then decline toward the Target 1 and Target 2 support levels.
The narrative of Bitcoin as "digital gold" has gained significant traction, fueled by its perceived scarcity, decentralized nature, and potential as a hedge against economic uncertainty. Recent market movements, particularly the surge in gold prices and the subsequent, albeit delayed, reaction in Bitcoin, have brought this correlation into sharp focus. While the relationship isn't always perfectly synchronized, the underlying dynamics suggest a fascinating interplay between these two assets. Gold's recent climb to an all-time high is largely attributed to escalating geopolitical tensions, particularly the resurgence of tariff war concerns. In times of uncertainty, investors often flock to traditional safe-haven assets like gold, seeking stability and protection against inflation. This surge in gold prices has naturally sparked renewed interest in Bitcoin, which, despite its volatility, is increasingly viewed as a viable alternative store of value. However, the correlation isn't a simple, immediate mirroring of price movements. There's often a noticeable delay, with gold leading the way and Bitcoin following suit. This lag can be attributed to several factors. Firstly, gold's established status as a safe-haven asset gives it a head start in attracting investor capital during times of crisis. Secondly, Bitcoin's relatively nascent market is more susceptible to speculation and sentiment-driven fluctuations, which can introduce delays and variations in its price response.1 Currently, Bitcoin is navigating a period of consolidation, trading within a narrow range of $82.3k to $84.5k.2 This consolidation follows a "sell-the-news" event, likely related to a major market catalyst that failed to meet overly optimistic expectations. Consequently, Bitcoin is facing significant bearish pressure, evidenced by the accumulation of short positions. The pattern breakdowns observed by analysts further reinforce this bearish sentiment, suggesting a potential retest of the $78k support level. Despite these challenges, the renewed interest in Bitcoin, driven by gold's surge, offers a glimmer of hope for a potential rebound. The "digital gold" narrative is gaining momentum, particularly among younger investors who are more comfortable with the digital asset landscape. If Bitcoin can successfully decouple from the immediate bearish pressures and capitalize on the broader trend of safe-haven asset allocation, it could witness a significant recovery. However, several factors could impede this recovery. The significant short positions indicate a strong bearish sentiment, which could lead to further price declines if not countered by substantial buying pressure. Moreover, Bitcoin's inherent volatility remains a significant risk factor. Sudden market events or regulatory changes could trigger sharp price swings, disrupting any potential recovery. Looking ahead to 2025, the Bitcoin price prediction remains a subject of intense debate. While some analysts foresee a potential breakout, fueled by increasing institutional adoption and the diminishing supply of new Bitcoin, others remain cautious, citing the persistent bearish pressures and the potential for further market corrections. The "Bitcoin Price Prediction 2025: BTC Eyes Breakout, But Sellers Still In Control" sentiment accurately reflects the current market dynamics. The long-term potential for Bitcoin remains undeniable, but the short-term outlook is clouded by uncertainty. The interplay between bullish and bearish forces will likely continue to shape Bitcoin's price trajectory in the coming months. The correlation with gold, while not a perfect predictor, provides valuable insights into Bitcoin's potential as a safe-haven asset. As gold continues to attract investor capital amid global uncertainties, Bitcoin's appeal as "digital gold" is likely to grow. However, the delayed response and the inherent volatility of the cryptocurrency market necessitate a cautious approach. To navigate this complex landscape, investors should closely monitor both gold and Bitcoin price movements, paying attention to key technical indicators and fundamental developments. The accumulation of short positions, the potential retest of support levels, and the broader macroeconomic environment should all be considered when making investment decisions. In conclusion, the Bitcoin-gold correlation provides a fascinating lens through which to understand the evolving dynamics of the cryptocurrency market. While the delayed response and the inherent volatility of Bitcoin present challenges, the growing recognition of its potential as "digital gold" offers a compelling narrative for long-term growth. However, in the immediate future, Bitcoin must navigate the current bearish pressures and capitalize on the renewed interest driven by gold's surge to achieve a meaningful rebound. The battle between buyers and sellers will continue to shape Bitcoin's price trajectory, and only time will tell whether the "digital gold" narrative will ultimately prevail.
Bitcoin zeigt sich seit gestern weitgehend unverändert. Die kleinen Kursbewegungen, mit denen Liquidität abgeholt wird, sind dabei völlig normal. Da es bei den ETFs keine Abflüsse gab, könnte dies dem Kurs helfen, sich weiter zu stabilisieren. Sollte diese Entwicklung anhalten, besteht die Chance, dass Bitcoin endlich die 200-Tage-EMA durchbricht. Der Zinsentscheid morgen könnte für erhebliche Volatilität am Markt sorgen.