#BTC Analysis
Despite the current bearish trend in BTC's price, our technical analysis team anticipates a strong potential for BTC to surpass $80,000 by the end of April.
Stay tuned!
Despite the current bearish trend in BTC's price, our technical analysis team anticipates a strong potential for BTC to surpass $80,000 by the end of April.
Stay tuned!
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#BTC/USDT
The price is trading between a symmetrical triangle pattern and it has high potential to breakdown as the price has tested these triangle pattern support many times and if it gives breakdown below the previous swing low which is formed on 10th April 2024, then it will go down sharply till the next support zones.
The price is trading between a symmetrical triangle pattern and it has high potential to breakdown as the price has tested these triangle pattern support many times and if it gives breakdown below the previous swing low which is formed on 10th April 2024, then it will go down sharply till the next support zones.
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There were five significant pullbacks ranging from 18% to 23%. Currently, markets have corrected 16% and suggested that there could be further to go.
Meanwhile, fellow analyst Cold Blooded Shiller noted that 30% corrections were not uncommon, hinting that #BTC could potentially fall to around $51,000.
Meanwhile, fellow analyst Cold Blooded Shiller noted that 30% corrections were not uncommon, hinting that #BTC could potentially fall to around $51,000.
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When will the altcoin season come in 2024 ?
BTC Dominance has been rising since the end of 2022. That's about 1.5 year.
We can find a similar pattern from Jan 2018 - Sep 2019 (little over 1.5 year), BTC dominance had dropped from Sep 2019 - May 2021 (about 1.5 year)
Every time the BITCOIN DOMINANCE CHART make peak, this index will decrease, then the proportion of the entire altcoin market will increase.
Let's prepare for this cycle's huge altcoin bullish market 🚀 #BTC.D
BTC Dominance has been rising since the end of 2022. That's about 1.5 year.
We can find a similar pattern from Jan 2018 - Sep 2019 (little over 1.5 year), BTC dominance had dropped from Sep 2019 - May 2021 (about 1.5 year)
Every time the BITCOIN DOMINANCE CHART make peak, this index will decrease, then the proportion of the entire altcoin market will increase.
Let's prepare for this cycle's huge altcoin bullish market 🚀 #BTC.D
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Let's take an overview of #Bitcoin🪙 momentums in the last two weeks:
#BTC has recently moved in a downward channel. After reaching the resistance level of $72,000, it started to decline and reached the support level of $66,000.
The price was traded near this level for a while and then returned to $70,000. Then, it fell to the support line of the channel and broke the $66,000 level.
#BTCUSDT After that, it grew to this level again and moved in those areas for a while. after reaching the resistance of the channel, it continued to decrease, and now the price is moving in the middle of the channel . It is possible for the price to return to channel resistance and then decrease to the area of $61,500.
#BTC has recently moved in a downward channel. After reaching the resistance level of $72,000, it started to decline and reached the support level of $66,000.
The price was traded near this level for a while and then returned to $70,000. Then, it fell to the support line of the channel and broke the $66,000 level.
#BTCUSDT After that, it grew to this level again and moved in those areas for a while. after reaching the resistance of the channel, it continued to decrease, and now the price is moving in the middle of the channel . It is possible for the price to return to channel resistance and then decrease to the area of $61,500.
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