Analysis suggest that $BTC btc could be preparing to reclaim crucial levels. On the weekly levels, btc closed above a crucial level, this could indicate a potential rally towards the resistance zone.
A closes above the immediate 78k-79k resistance and the 72k-73k support could trigger a potential bullish rally.
Moreover, Analysts suggest that Bitcoin could be consolidating within a rising channel on the 4-hour chart, price tends to claim 81,500 level.
I told you we will wait till the 78k resistance is broken. The bulls were strong enough to drive $BTC price towards the minor resistance.
76k support is now a major target to watch, if price visits this area, we can take our buys and aim at 86k level where we will be taking our profit.
The move above the 78k resistance came after the U.S president Donald Trump extend the U.S-Iran ceasefire. The push above the 78k (highest level since Friday's two-month peak) confirms that bulls are willing to push the price higher.
Remember when I told you to watch $BTC at $78k resistance and $73k support?
Early Wednesday bull were able to push the price of #BTC towards the 78k resistance. A break above this internal resistance could trigger further bullish bias.
if bulls are able to push the price above this resistance, we can look for entries at around 76k and our stops at around 73k.
Target
🎯 Entry: 76,000 🎯 TP: 86,000 🎯 SL: 72,000
As long as $BTC stays above 75,300 support and respecting the ascending trend, the bullish remain bias.
over the weekend $BTC experienced correction, and the 73k support managed to hold the bears from selling further.
Looking at the chart, I'll be waiting for bulls to push the price above the recent resistance at 78k. if bulls push the price past resistance I'll be looking for buys at $76k.
Areas to watch,
🎯 breaking recent resistance at 78k. 🎯 bullish presences at 76k. 🎯 73k support to hold.
When the first strikes hit, investors sold volatile asset first. #BTC did not move in one direction, rather the market shifted into risk-off mode.
Most Traders got all this wrong, When price dropped, it did not last for long, buyers stepped in. Meaning, demand didn't disappear, it paused.
The geopolitical tension did not make $BTC bullish or bearish, it triggered volatility. This is where the narrative breaks. War pushes #oil price higher. this increases inflation. High flation reduces the chances of rate cut.
The geopolitical tensions usually limits the upside of risk assets, including #BTC . so the structure is simple.
Shock - drop stabilization - Macro Recover - Direction
$BTC rebounded late Monday as traders continue to digest the prolonged U.S-Iran conflict. Bitcoin managed to increase by 4.91% over the last 24-hours to $74,419 during the #Asianmarket opening.
Following the offsetting weekend losses, #BTC dropped to $70,600 support, after a failed peace talk in Pakistan over U.S-Iran conflict.
Technically speaking, Bitcoin still remains on the bullish bias, which signals a market that is gradually trending lowers.
At the time of writing Bitcoin is trading at $74,536, with immediate resistance lying at 75k. A close above 75k, would trigger buyers to our TP at $76k, which act as a major resistance zone.
#BTC is currently trading in at around $70k support and $73k resistance, while maintaining a bullish structure.
as long as $BTC holds at the 70k support and maintain the bullish structure, bullish bias still remains. A break above the 73k resistance area could trigger a bullish continuation towards the towards the TP.
Remember patience plays a crucial part in trading. although market structure plays the bigger part, patience and emotional control plays a vital parts in traders success.
#BTC continues to range at the 70k-71k support zone. If we analyze our previous trade on the 1-hour time frame, we see price ranging while forming Higher lows confirming a bullish structure.
$BTC The recent impulsive move to the upside suggest a shift in the market sentiment. With price breaking the short_term resistance, the market suggest a change in structure.
Hold on to our trades, we are currently trading above the 71k support zone after the market closed above the 72k minor resistance before correcting below this resistance.
However, buyers were able to support the price at the 70k support. if the market closes above the 72k resistance, we will be confirming a bullish shift. still the 76k resistance zone remains our final TP.
Critical place to monitor;
🎯 immediate resistance at 74,800 🎯 major resistance at 76,000 🎯 key support zone at 70k-71k
Frome our previous outlook, #BTC price started its price increase as expected. After Trump announcement to ceasefire in the #MiddleEastTensions , Bitcoin price increased to breaking the immediate resistance at 72k. Bitcoin price shifted from a range to a bullish momentum before facing immediate rejection at the 72k resistance level and entered consolidation. Currently Bitcoin is trading above the immediate support at 68k and 70k. From the 4-hour chart, Bitcoin started forming Higher lows signalling a recovery momentum. Looking at the market structure, #bitcoin is testing the 72k zone. on Tuesday, the market closed fairly close above the 68k support and closely to 72k resistance and consolidated. The price reluctant to decline signals a potential breakout above 72k, additionally, a close above this level could signal potential upside momentum. As long as Bitcoin holds above the 68,200 support and respect the market structure (H.H and H.L) the bullish bias remains valid. A break above the immediate 70k resistance and close above the 72k could trigger continuation towards the 76k resistance (2nd TP). Bitcoin price increased from 67, 800 to 72,600 at it's likely to a bullish momentum considering that the geopolitical tension has paused. However nothing has changed from our analysis, and BTC outlook remains clear and bullish. Key Targets: 72,000 74,500 76,000 #TradingSignals $BTC $ETH
#BTC Rose sharply on Wednesday following the two-week ceasefire between the U.S and Iran sparked stellar gains across stocks and crypto.
During the #Asianmarket , #BTC gained 4.7% and hit $72K 4-hour resistance zone.
Yesterday's trade managed to hit our 1st tp at $72k, we broke the first local resistance and currently buyers are strong in the market after taking out the above resistance.
Although the #BTC is still ranging, the calming geopolitical tension and investors relief around the deal to halt the war in Middle East, could see potential gains to break above the $76k resistance zone.
we will still hold our position targeting our final TP at 76k.
#BTC price hieghted early Monday during the asian session to hit $70k resistance zone, before sellers jumped in to push the price to retest the $68K support zone. #BTC price gained 3.74% after reports that Iran and the United States had received a plan to end hostilities that could take effect immediately and reopen the Strait of Hormuz, citing a source aware of the proposals. Strategy Adds 4.8K Bitcoin Strategy added 4,871 Bitcoin, paying an average of roughly $67,718 per coin for a total outlay of about $329.9 million, according to a Monday regulatory filing. Short Term Gains A buy at $69k support zone could see buyers pushing the price to $76K resistance zone. BUY: $69,100 TP: $76,000 SL: $65,000