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
Bitcoin is currently facing significant downward pressure. There’s a risk that it could break below the weekly support levels. We should watch closely until tomorrow; if the weekly candlestick shows a downward break, it might be necessary to wait for a bounce before exiting the position. It would be beneficial if Bitcoin could muster the … Read more
Bitcoin recently experienced a sharp drop followed by a partial recovery due to escalating tensions between Israel and Iran. However, this movement should not be overly emphasized. It appears that Bitcoin’s price tends to rise or fall based on how any news is perceived as either bullish or bearish. Essentially, the decline was due, and … Read more
The price of Bitcoin has dropped to $66,000. It seems we are still not out of danger regarding the risk of war between Israel and Iran. During the COVID-19 era and amid such threats of war, Bitcoin’s price tends to trend downward, indicating that few people see it as a safe asset. While Bitcoin typically … Read more
Bitcoin’s movement continues to oscillate as anticipated, forming a strong support line along the way. The most favorable scenario is gradual growth, and we’re witnessing the emergence of scenarios conducive to such incremental uptrends. The greatest benefits of gradual growth are typically reaped by altcoins. When dominance becomes too overwhelming, altcoin prices tend to stagnate … Read more
Today, we delve into Theta Coin, part of our series examining altcoins that could benefit from a bullish market. When investing in altcoins, it’s crucial to consider the actual business direction or value of the coin. A coin’s appeal is meaningless to an investor if its price doesn’t rise. Conversely, even a less promising coin … Read more
As anticipated, the price of Bitcoin is on the rise. The previous peak was at 73777, so if it continues to climb, reaching 75000 or more seems quite plausible. However, to navigate through margin trading platforms, it’s essential to clear out those anticipating an upward trend. This might entail a temporary downturn followed by a … Read more
It appears that Bitcoin is consolidating as expected and is laying the foundation for a rise. Looking at the Bybit chart, it seems to be gaining more strength upwards, and the Binance chart also shows an upward momentum. It appears to be ready to break higher, but it’s uncertain when it will gain the necessary … Read more
In the daily chart, we’re observing a convergence of trends, which is noteworthy. It’s common to see an uptrend on Saturdays, indicating that the markets are in a favorable phase of convergence. When comparing the movements on Binance and Bybit, it’s apparent that Bybit acts as a lagging indicator. This suggests that trading on Bybit … Read more
As Bitcoin surges past the $73,000 mark, we find ourselves in a period of consolidation. Historically, significant figures often herald a pause in momentum. A glance at the charts reveals previous instances where Bitcoin grappled with the $70,000 threshold, suggesting a potential continuation of the uptrend. However, the narrative doesn’t end there. To truly echo … Read more