As we step into the final week of April, tomorrow marks the closure of this month’s chart, which will likely give us a clear direction for May. Many are predicting a rise, and this optimism is significant. However, I still anticipate a downturn. The charts are holding their expected patterns, and with the weekend behind … Read more
Bitcoin has been consolidating around $64,000. It has converged with the moving averages on both the 12-hour and 6-hour charts. Given that it’s Sunday, we might start seeing some movement soon. Personally, I anticipate a downward movement. While all charts have converged, the overall trend seems to be turning downward, lacking significant upward momentum. In … Read more
As of April 27th, Bitcoin is showing a slight downward trend. People are predicting a downward movement at a ratio of 65:35, and according to the distribution of price trends, about 80 percent are anticipating a downward movement. However, it’s important to remember that when many people anticipate a downward movement, significant shifts might not … Read more
Bitcoin is showing a stagnant trend without much movement. Currently, 6 people anticipate an increase while 4 expect a decrease in price. According to the distribution of price trends, there is an increase in those hoping for a decrease. The situation is almost evenly split, making it uncertain what will happen next. However, now is … Read more
Bitcoin is showing signs of movement, failing to break through $67,000 and instead turning downwards. If the weekly chart continues in this manner, it seems likely to bend downwards further. Currently at $64,000, but if it fails to breach $70,000, downward pressure may intensify. While there’s support around $60,000, if it declines again, the likelihood … Read more
The price of Bitcoin has been steadily rising along the 6-hour moving average line. It’s currently pausing at the $67,000 mark, which seems to be the strongest support level. Resistance lines play a significant role in acting as strong barriers, but if they fail to do so properly, there’s a good chance they might be … Read more
A new week has begun. Bitcoin’s chart also shows a new weekly candlestick formed with the start of the new week. The initial movement of a new candlestick is crucial. Typically, there’s often a reversal of this movement during the week. It’s important to pay attention to how the initial movement unfolds. On Bybit exchange, … Read more
As Bitcoin nears the $65,000 mark, a minor rebound has occurred. Those considering a break might find it beneficial to sell now and rest for a while. The weekly charts show a slight downturn, suggesting a stronger potential for further decline in the future. While not all altcoin charts are unfavorable, the possibility of a … Read more
Bitcoin is hovering around $60,000, and the number of people anticipating a downturn is steadily increasing. However, in such cases, a downturn often doesn’t materialize. The moment to exit is usually when a rebound occurs. This time, it might be wise to exit gracefully and observe the movement while staying on the sidelines for a … Read more
Bitcoin has now dropped to the $61,000 support level. The weekly chart has clearly taken a downturn. If a bounce occurs, it might be the right time to sell and step aside. It would indeed be disappointing if this were the end of Bitcoin, potentially leaving us without a significant rebound for years. However, the … Read more