Bitcoin technical analysis

the rumor said Blackrock want a cheaper BTC before ETF

scalping short opportunities for $24600

this area sure can spark some moves...

Time to go Bearish for the year that's left at our hands. Options gambles have played their part and reached 28k goals in 2 days like its nothing. Looking to short 28k with an SL above 28.5k. Targeting 26.5k as per the DAILY SWING.

long for $32K

The main important resistance for BTC comes in near 31.8K, which is the 2023 highs. Above that a further sharp rally.

BTC had a sharp rally to its new 2023 highs and even tested levels above 35K. Now perhaps a test of the breakout again before a further rally.

if this momentum continues then $37250 will be next

Good BTC chart from Peter Brandt: https://twitter.com/PeterLBrandt/sta...75571577516272

35K? Finally! I have been waiting for this level for like 8 months now. Selling this puppy. We need another sub 20000 before we rally to new highs IMO. I think perhaps that this is just a liquidity grab because folks have been fiending for it to go higher.

Hello Fellow Bitcoin speculators. Here are my thoughts. I have been waiting for 35K to be hit for a while. This is based on the psychology of trading, and some Elliot Wave theory. I believe we need to hit between 20000 an 12000 before we go on to the new highs. We got to 16 but I just don't see that as enough. Then there is big money. Big money is going to want as much as possible. That would mean most of small guys selling. This rise made many jump in again. If you search the internet everyone is still on board. In order to flush out the little guy Bitcoin needs to dive hard and fast. Perhaps around Christmas when funds are needed? Before we go north two Fundamental things need to happen. One the Finance gurus need to start warning Bitcoin is dying. This should happen right around the time the Fed cuts rates for the first time. Until then. Only trading Bitcoin and not buying IMO. I also find it suspicious we are heading into news that could determine play for the next 6 months... I could be wrong, but if we continue to back off of 35k, think about it.

After moving above 35K yesterday, BTC did not sustain and has fallen back and now has an important short term support near 34K, dips towards which can be used to initiate fresh long positions.

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BTC chart by Peter Brandt. Onward and Upward:

BTC is strongly bullish as of now and appears to be headed towards 43K+

chasing long target

at $40250

JPMorgan Warns About the Recent Rally in the Cryptocurrency Market

BTC remains in line for 40K+ in the next few days.

BTC is continuing to rally and headed above 40K

BTC continues to trade just below $38K and a move above that triggers a rally above above 40K