📉 Daily Bitcoin chart review 📈

So far Bitcoin being rejected from 20510 - resistance formed at lower timeframes and visible at 4H.

In expectation for Feds interest rates hike market trying to find consensus price, and that might be lower than current value.

For the bull flag BTC should bounce above 20k. Lower levels left after the pump at ~19750 and ~19560 acting as a magnet to price, so sooner or later we should expect them to be revisited. Today seems like a good day to do that.

🟥 20510 - 20720 - 20870
🟩 20040 - 19770 - 19560

😱 F&G: 30 < 30 < 31 < 34
💩 Alts: 15 < 15 < 14 < 14

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Following stocks Bitcoin is breaking the trendline and 20.5k SR and now testing September VAH. Nice volume on that move. Still 1.5H to go till that 4H candle close so early to judge. But close above 20.6k should be bullish.

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#Bitcoin March Price Action explained 😉

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📊 #Bitcoin Chart Analysis 📚

Time Frame - Daily (HTF)

https://www.tradingview.com/x/5BLrmvPa

Bears are so damn married to their Bias that they fail to see bigger picture here. When we look at a #BTC in daily, I don't see anything Bearish. Why am I bullish ? Summarised in brief points for your easy understanding:-

1. We have Bullish Price Action in daily as Volume is decreasing with Falling prices

2. A clear Bullish Divergence on RSI as shown in chart. We do have Bullish Divergence on MACD as well but not shown in chart as it'd have made chart clumsy

3. We are still in Ascending Trendline and just made 3rd Tap

4. We haven't lost our Higher Low yet which is at 21.3k as mentioned in previous post.

So We are likely going up as long as 21.3k HL is held. Two scenarios popping up here:-

A. Bitcoin pumps towards 23.8k-24k, fight some weekly resistances there, consolidates a while and then resume Uptrend towards 28-32k - Green Brushing

B. We pump towards 23.8-24k, make Giant h&s there and fall back towards Daily MA200 (Untested Area) or more likely FVG at 18-19k - Red Brushing

What path do you believe Btc will follow

A - Green 🔥
B - Red 👍
C - No Bounce & breaker of HL 🎅

Guys React and Share analysis with your colleagues and Friends

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Breaking:

Fidelity Investments, which manages more than $4.2 trillion in assets, is preparing to apply for a #Bitcoin ETF and submit an offer to acquire Grayscale.

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We are witnessing the largest decline in #Bitcoin exchange inflows and exchange supply in history

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Found something very interesting on my Trading View Feed today. This thing exactly matches with my view on Bitcoin. Have a look :-

With the recent move to 52k+ prices, some have claimed the #Bitcoin    4-year cycle is now out of the question.

Their evidence, the .618 cycle retrace.

This retrace has marked the mid-top for each cycle, a point that comes in the middle of the cycle and brings large corrections (40 - 54%) and sideways periods.

Price has now surpassed it seemingly defying the rules.

But what if this is standard? There is a chance it may be.

The best way to measure these retraces is from weekly candle bodies, which allows us to include Cycle 1.

When we do this, we find that cycles have always made two primary tops above the .618.

This would have made 49k the first, and the second is in progress.

The amount that each cycle has risen over the .618 has been between 6 and 26%. This cycle is at 13.5%.

Even a weekly candle close occurred in 2016, making our close above not out of the ordinary.

The cycles aren't derailed just yet

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People who bought #Bitcoin at 60K in 2021

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Bitcoin has flipped silver. To overtake the rest, #Bitcoin  needs to hit the following targets to overtake :

- Alphabet (Google) : $88,842.
- Amazon: $95,842.
- Saudi Aramco: $108,000.
- NVIDIA: $115,158.
- Apple: $138,737.
- Microsoft: $158,842.
- $Gold: $772,474.

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🔰 Bitcoin's Halving Effect 🔰

The avg direct cost of production of one #bitcoin is expected to increase from $25,000 to $37,800.

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🔰 BREAKING 🔰

$4.8 TRILLION ASSET MANAGER
FIDELITY REVEALS PENSION FUNDS
ARE DIVING INTO #BITCOIN AND
CRYPTO.

Now that the weak hands are out, real news are getting out. Bottom line is Everyone Wants Bitcoin & You can't deny that 🔥 🔥

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Breaking :-

🇺🇸 Trump met with the largest Bitcoin miners in the country today, pledging to support them on the global stage.

He says "We want all the remaining #Bitcoin💰 to be MADE IN THE USA!!!"

"It will help us be ENERGY DOMINANT"

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📊 #Bitcoin Under Pressure!

- Mt. Gox to distribute 143K BTC in July.
- Miners sold $1.8B in June.
- Bitcoin ETFs faced $1B outflows since June 15.
- German government sold $200M BTC.

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Someone bought the #Bitcoin  dip! Over 20,200 $BTC, worth $1.23 billion, were sent to accumulation addresses 🚀

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🚨🚨 Bitmex Founder Arthur Hayes Predicts that #Bitcoin 💰 will hit $50k this weekend.

Looks like a well set Trap to me.

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HOUGAN: “I think this is the best single time to invest in #Bitcoin 💰 from a risk adjusted perspective.”

MMs will manipulate everyone to go into disbelief and then will arrive the GOD CANDLE 💯

#DontFade

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MicroStrategy has acquired 27,200 BTC for ~$2.03 billion at ~$74,463 per #Bitcoin and has achieved #BTC Yield of 7.3% QTD and 26.4% YTD. As of 11/10/2024, MicroStrategy hodl 279,420 $BTC acquired for ~$11.9 billion at ~$42,692 per bitcoin.

@cryptosignals

⚡️MARA CEO: We are going to see essentially institutions just waiting to buy up #Bitcoin.

Anybody who is selling is selling into a market with ample demand.

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🇺🇸 Pro-Bitcoin Lana Negrete officially appointed as Mayor of Santa Monica, California 🙌

Negrete sponsored the creation of the city's new #Bitcoin office earlier this year 👏

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