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
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