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$BTC $BTC $BTC (BTC technical analysis) ♻️🧐You should all have your eyes on BTC👀♻️ BTC/USDT Analysis (15-Minute Chart) Current Overview Price: $67,808.01, showing a slight decrease of -0.96%. 24h High/Low: The recent high is $69,500.00, and the low is $67,251.50, indicating a consolidation range. Volume: Volumes have been steady with recent activity at 2,070 BTC, suggesting moderate trading interest. Moving Averages (MA) MA(5): 2,082.64 MA(10): 1,426.90 The MA(5) is above the MA(10), which signals a potential short-term bullish trend if this alignment continues. However, the price is near the MA(5) level, so any downward movement may cross below it and indicate bearish pressure. ✅Key Levels Resistance: Immediate resistance is near the 24h high of $69,500.00. Support: Strong support is around the 24h low of $67,251.50. If BTC drops below this, the next support level would be around $67,000.00. ✅Trend Direction: Bullish or Bearish? Currently, BTC/USDT shows a slight bearish trend due to the price holding below its recent high. If BTC breaks above $68,787.98 (previous high level), it could turn bullish. However, failure to hold above $67,251.50 could indicate further downside movement. ✅Targets Upside: If BTC breaks above $68,787.98, the next targets are $69,000.00 and potentially the 24h high of $69,500.00. Downside: If BTC fails to hold above $67,251.50, it may test $67,000.00 and potentially lower levels. ✅Summary The trend is cautiously bearish but can turn bullish if it breaks above $68,787.98. Monitor the support level at $67,251.50 for potential downside risk. #btcanalisis #btcupdates2024 #USElections2024Countdown #NovemberMarketAnalysis #writetoearn
$BTC $BTC $BTC (BTC technical analysis)

♻️🧐You should all have your eyes on BTC👀♻️

BTC/USDT Analysis (15-Minute Chart)

Current Overview

Price: $67,808.01, showing a slight decrease of -0.96%.

24h High/Low: The recent high is $69,500.00, and the low is $67,251.50, indicating a consolidation range.

Volume: Volumes have been steady with recent activity at 2,070 BTC, suggesting moderate trading interest.

Moving Averages (MA)

MA(5): 2,082.64

MA(10): 1,426.90

The MA(5) is above the MA(10), which signals a potential short-term bullish trend if this alignment continues. However, the price is near the MA(5) level, so any downward movement may cross below it and indicate bearish pressure.

✅Key Levels

Resistance: Immediate resistance is near the 24h high of $69,500.00.

Support: Strong support is around the 24h low of $67,251.50. If BTC drops below this, the next support level would be around $67,000.00.

✅Trend Direction: Bullish or Bearish?

Currently, BTC/USDT shows a slight bearish trend due to the price holding below its recent high. If BTC breaks above $68,787.98 (previous high level), it could turn bullish. However, failure to hold above $67,251.50 could indicate further downside movement.

✅Targets

Upside: If BTC breaks above $68,787.98, the next targets are $69,000.00 and potentially the 24h high of $69,500.00.

Downside: If BTC fails to hold above $67,251.50, it may test $67,000.00 and potentially lower levels.

✅Summary

The trend is cautiously bearish but can turn bullish if it breaks above $68,787.98. Monitor the support level at $67,251.50 for potential downside risk.
#btcanalisis #btcupdates2024 #USElections2024Countdown #NovemberMarketAnalysis #writetoearn
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What Happened if BTC break 63k resistance??If #Bitcoin (#BTC ) breaks through the $63,000 resistance line, several key things could happen, depending on broader market conditions 1.Bullish Momentum: A successful break above $63,000 could signal strong bullish momentum. This might attract more traders and investors, leading to increased buying pressure and driving the price higher. New all-time highs could potentially be reached. 2.FOMO Effect: Fear of missing out (FOMO) could set in, as many traders who were waiting on the sidelines may jump into the market, pushing prices up further. 3.Short Squeeze: If there are a significant number of short positions near $63,000, breaking that level could trigger a short squeeze, forcing short sellers to buy back BTC at a loss, accelerating the price increase. 4.Next Resistance Levels: Once the $63,000 level is breached, the market would start looking for the next resistance zones. These could be set by previous price peaks or psychological round numbers, such as $65,000 or $70,000. 5.Increased Volatility: Bitcoin often experiences increased volatility around key price levels. This could lead to sharp price swings, both upward and downward, even after breaking $63,000. However, if the breakout fails and BTC drops back below $63,000, it could signal a false breakout, leading to a temporary pullback or correction.

What Happened if BTC break 63k resistance??

If #Bitcoin (#BTC ) breaks through the $63,000 resistance line, several key things could happen, depending on broader market conditions

1.Bullish Momentum: A successful break above $63,000 could signal strong bullish momentum. This might attract more traders and investors, leading to increased buying pressure and driving the price higher. New all-time highs could potentially be reached.
2.FOMO Effect: Fear of missing out (FOMO) could set in, as many traders who were waiting on the sidelines may jump into the market, pushing prices up further.
3.Short Squeeze: If there are a significant number of short positions near $63,000, breaking that level could trigger a short squeeze, forcing short sellers to buy back BTC at a loss, accelerating the price increase.
4.Next Resistance Levels: Once the $63,000 level is breached, the market would start looking for the next resistance zones. These could be set by previous price peaks or psychological round numbers, such as $65,000 or $70,000.
5.Increased Volatility: Bitcoin often experiences increased volatility around key price levels. This could lead to sharp price swings, both upward and downward, even after breaking $63,000.

However, if the breakout fails and BTC drops back below $63,000, it could signal a false breakout, leading to a temporary pullback or correction.
$BTC just has given a rejection wick at 4H chart frame and can give closing below EMA 200(61600) What to expect Next ? In my views , before monthly inflation rate announcement 14 august 2024 BTC will close near 61k and if inflation data goes against expectation then BTc will dump from this level to low. as investors are still waiting to see Inflation rate effect before investing in all over the world. and this break out will be considered as fake. 🙂‍↕️ check reposted post down 👇🏻 $XRP $ETH #btcanalisis #BTC突破7万大关 #BTCanalysis #ETHAnalysis #XRPAnalysis
$BTC just has given a rejection wick at 4H chart frame and can give closing below EMA 200(61600)
What to expect Next ?
In my views , before monthly inflation rate announcement 14 august 2024 BTC will close near 61k and if inflation data goes against expectation then BTc will dump from this level to low. as investors are still waiting to see Inflation rate effect before investing in all over the world.
and this break out will be considered as fake. 🙂‍↕️

check reposted post down 👇🏻

$XRP $ETH #btcanalisis #BTC突破7万大关 #BTCanalysis #ETHAnalysis #XRPAnalysis
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