#BTC.USDT
1-Day Analysis
April 30, 2024
Bitcoin consistently maintained its daily support at 62,500 without reaching the weekly support level of 60,500. Staying above these support levels signals a positive outlook for continued support and a potential increase. If Bitcoin holds this daily support and surpasses the daily resistance at 66,300, it sets a clear path towards reaching 80,000.
Key Support: 60,500
Key Resistance: 66,300
1-Day Analysis
April 30, 2024
Bitcoin consistently maintained its daily support at 62,500 without reaching the weekly support level of 60,500. Staying above these support levels signals a positive outlook for continued support and a potential increase. If Bitcoin holds this daily support and surpasses the daily resistance at 66,300, it sets a clear path towards reaching 80,000.
Key Support: 60,500
Key Resistance: 66,300
The possible movement of #bitcoin in the next few months
$BTC
#BTC.USDT
Recent analysis reveals that Bitcoin has consistently held above the key weekly support level of 56,500 and advanced towards the daily resistance of 61,800. Successfully surpassing 61,800, Bitcoin's price briefly touched above 65,100, a significant weekly resistance point.
The price is expected to decrease from this point, turning this range into a key trading area. Continuing this trend, if Bitcoin sustains above the 61,800 mark, it may aim for 65,000. Nevertheless, it is not expected to overcome this resistance at the moment.
Key support: 56,500
Key resistance: 65,100
#BTC.USDT
Recent analysis reveals that Bitcoin has consistently held above the key weekly support level of 56,500 and advanced towards the daily resistance of 61,800. Successfully surpassing 61,800, Bitcoin's price briefly touched above 65,100, a significant weekly resistance point.
The price is expected to decrease from this point, turning this range into a key trading area. Continuing this trend, if Bitcoin sustains above the 61,800 mark, it may aim for 65,000. Nevertheless, it is not expected to overcome this resistance at the moment.
Key support: 56,500
Key resistance: 65,100
Howdy, the possible scenarios of some assets are updated for the coming week. More assets will be analysed during the week once the market is open.
#BTC
4-Hour Analysis
Our recent analysis indicates that Bitcoin has shown significant movement. Initially, it encountered notable resistance at the $65,100 level, causing a price retreat. Subsequently, it corrected downward to the daily support range between $61,600 and $60,000.
We are now anticipating the next phase, which involves establishing solid support levels and a potential rally towards the $63,000 and then $65,000 resistance levels.
Following this, we expect other cryptocurrencies such as ETH, SOL & BNB to also see relatively good growth.
Key Support: $56,500
Key Resistance: $65,100
4-Hour Analysis
Our recent analysis indicates that Bitcoin has shown significant movement. Initially, it encountered notable resistance at the $65,100 level, causing a price retreat. Subsequently, it corrected downward to the daily support range between $61,600 and $60,000.
We are now anticipating the next phase, which involves establishing solid support levels and a potential rally towards the $63,000 and then $65,000 resistance levels.
Following this, we expect other cryptocurrencies such as ETH, SOL & BNB to also see relatively good growth.
Key Support: $56,500
Key Resistance: $65,100
#BTC.USDT
1-Day Analysis
May 16, 2024
The analysis suggests that Bitcoin has met its weekly resistance and shown minor rejection. A decisive breakdown will be confirmed if the weekly candle fails to close above this resistance within the next 3 days. This would indicate the continuation of the bullish trend. In the 4-hour timeframe, we anticipate a potential retracement to the 4-hour support level, from which an upward movement could ensue again.
Key Support Level: 58,500
Key Resistance Level: 66,600
1-Day Analysis
May 16, 2024
The analysis suggests that Bitcoin has met its weekly resistance and shown minor rejection. A decisive breakdown will be confirmed if the weekly candle fails to close above this resistance within the next 3 days. This would indicate the continuation of the bullish trend. In the 4-hour timeframe, we anticipate a potential retracement to the 4-hour support level, from which an upward movement could ensue again.
Key Support Level: 58,500
Key Resistance Level: 66,600
$BTC
BTC/USDT:
Daily Market Analysis
Upon reviewing the daily charts for Bitcoin, it is evident that BTC is currently testing the weekly resistance level. As we approach the close of today's trading session, a pivotal moment is upon us. Should the daily candlestick close above this key resistance, it is likely to signal a strong bullish momentum.
Following a potential pullback, we anticipate Bitcoin to stabilize within the $64,000 to $65,000 range before resuming its upward trajectory. The next significant target for Bitcoin would be the $84,000 mark, which represents an all-time high.
Key Levels:
Current Support: $65,100
Current Resistance: $68,000
BTC/USDT:
Daily Market Analysis
Upon reviewing the daily charts for Bitcoin, it is evident that BTC is currently testing the weekly resistance level. As we approach the close of today's trading session, a pivotal moment is upon us. Should the daily candlestick close above this key resistance, it is likely to signal a strong bullish momentum.
Following a potential pullback, we anticipate Bitcoin to stabilize within the $64,000 to $65,000 range before resuming its upward trajectory. The next significant target for Bitcoin would be the $84,000 mark, which represents an all-time high.
Key Levels:
Current Support: $65,100
Current Resistance: $68,000