2024.08.14. AI report BTC/USDT Analysis & Prediction Current Price: $60,864.80 24H Change: +2.69% Overview: The BTC/USDT 1-hour chart from Bybit displays a period of consolidation after the recent upward momentum. Following the significant dip seen in early August, Bitcoin has been attempting to recover, with the current price sitting at around $60,864. The current movement … Read more
Analysis and Short-Term Prediction Current Price: $61,000.70Time Frame: 1-Hour (BTCUSDT – Bybit)Technical Indicators: Moving Averages (MA): The chart displays the 9-period and 26-period moving averages. The price has crossed above the moving averages, indicating bullish momentum.Volume: The volume remains relatively low, which could suggest a consolidation phase. However, the presence of higher-than-average volume spikes at … Read more
Yesterday, I anticipated a decline based on the Bat pattern, but I was off the mark. On the other hand, AI predicted a short-term 70% rise, and it seems like AI is becoming more sophisticated, which is a bit intimidating. Thanks to the recent surge in Bitcoin’s price, trading volume has significantly decreased, and the … Read more
Bitcoin’s price remains relatively stable, currently stationed at a key resistance line. The market is gripped by fear, and although the charts show potential for further price increases, everything still appears calm for now. Trading volume has significantly decreased to one-third of its usual level, highlighting the dire state of the market. My prediction for … Read more
Bitcoin has experienced significant drops followed by recoveries, exhibiting strong tendencies to move ahead of the stock market and displaying a high degree of synchronization with it. Unlike before, Bitcoin now moves in tandem with the U.S. stock market since the COVID-19 pandemic, with both markets experiencing similar booms and busts. Market Correlation and Financial … Read more
At the beginning of August, Bitcoin experienced a slight dip before recovering. However, many people still predict a decline. The reasons cited include: 1. Bitcoin’s historical weakness in the August-September period. 2. The potential outbreak of war between Israel and Iran. Bitcoin’s price movements have increasingly mirrored those of the Nasdaq, leading to similar predictions. … Read more
Bitcoin ended July with a decline. Looking at the monthly chart, the July candle appears to signify the end of a dilemma. The long upper and lower wicks indicate a significant struggle between rising and falling prices. While such candles are usually not given much importance on short-term charts, they often indicate a trend reversal … Read more
Trump is shaking up Bitcoin. Every word he utters sends Bitcoin prices fluctuating. It has always been advised to be cautious of the movements of big whales when trading Bitcoin. However, Trump’s influence is so immense that it feels like he himself has become a whale and a force in the market. The chart movements, … Read more
Bitcoin is currently holding at $66,800. While it feels like a slight dip compared to yesterday, it is still in an upward trend on the moving average, and according to Elliott Wave Theory, it is in the second wave, indicating that there is still considerable strength left. The fact that trading volume hasn’t changed explosively … Read more
Bitcoin continues to surge, showing remarkable resilience in the market. After briefly dipping to $65,000, it has once again surpassed the $67,000 mark. This unyielding strength leaves many questioning if Bitcoin’s ascent will ever falter. The remarkable price increase began with Trump’s presidential campaign and has since evolved into an ongoing rally, creating a sustained … Read more