technical articles

btc-analysis

Technical Analysis of Bitcoin – 30th dec to 3rd jan

Technical Analysis of Bitcoin – 30th dec to 3rd jan

Bitcoin Analysis (Daily Time Frame) As mentioned last week, Bitcoin remains in a range, and we must observe what changes it will experience as the new year begins. Primary Scenario: Bitcoin is expected to find support in the $92,572 to $90,548 range and potentially move back toward its peak near $108,000. Alternative Scenario: Given the formation of a lower high in recent days, if Bitcoin breaks below the $90,548 support level, the next target will be $85,186. Bitcoin Analysis (4-Hour Time Frame) Primary Scenario: If Bitcoin breaks through the resistance at $97,507, it could target $99,973, followed by $105,369. Alternative Scenario:

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Technical Analysis of Bitcoin – 23th to 27th dec

Technical Analysis of Bitcoin – 23th to 27th dec

Bitcoin Analysis (Daily Time Frame) Brent crude oil started its trading week with a decline from the 72.620 area, moving down to 72.059, but ended the week higher at 73.068. Main Scenario: It is expected that Brent crude oil will continue to fluctuate within its range. However, if it breaks below the 71.129 support level, it can easily move towards the 69.079 area. Alternative Scenario: If it rebounds and breaks above the 74.739 resistance level and stabilizes above it, the first target will be 76.596. Bitcoin Analysis (4-Hour Time Frame) Main Scenario: If Brent crude oil can stabilize above the 73.345

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Technical Analysis of Bitcoin – 16th to 20th dec

Technical Analysis of Bitcoin – 16th to 20th dec

Bitcoin Analysis (Daily Time Frame) As mentioned in last week’s analysis, Bitcoin spent its trading week in a range, and we must wait to see which direction it will break out from. Main Scenario: Given the higher lows and the overall upward trend, it is expected that the price will break out from the top of this range, i.e., the 104064 USD area, and move to the potential range of 117759 USD. Alternative Scenario: If it fails to break the 104064 USD top and reverses, the 90506 USD bottom will be the next target for Bitcoin. If this area is also

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Technical Analysis of Bitcoin – 9th to 13th dec

Technical Analysis of Bitcoin – 9th to 13th dec

Bitcoin Analysis (Daily Time Frame) In the past week, Bitcoin experienced a moderate correction after reaching the $104,000 level, dropping to around $90,500. However, it quickly recovered the same day and has since returned to the $100,300 range.Main Scenario: Bitcoin seems to remain in its upward trend and could spend some time in a period of consolidation (i.e., within a price range), preparing for its next bullish move.Alternative Scenario: If Bitcoin closes below the $90,500 level, the price could experience further correction and may move towards the $85,000 level. Bitcoin Analysis (4-Hour Time Frame) After breaking the trendline, Bitcoin is currently

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Technical Analysis of Bitcoin – 2nd to 6th dec

Technical Analysis of Bitcoin – 2nd to 6th dec

Bitcoin Analysis (Daily Time Frame) Looking at the Bitcoin chart, we can see that after a rise to $99,588 last week, the price underwent a correction and dropped to the $90,700 area. Recently, the price has risen again to $98,000. Bitcoin needs strong liquidity to break through the $100,000 resistance level. Main Scenario:If the price can stabilize above the $100,000 level, during price corrections to the $95,000 area, buying positions can be taken with targets at $105,000, $102,000, $108,000, and $113,000. Alternative Scenario:If the $100,000 level is not broken, we are likely to see initial selling pressure that could push the

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Technical Analysis of Bitcoin – 25th to 29th nov

Technical Analysis of Bitcoin – 25th to 29th nov

Bitcoin Analysis (Daily Time Frame) Bitcoin is currently at its historical high, nearing the $100,000 level. Since $100,000 is a psychological level with significant liquidity, it could be a potential reversal or correction zone. Since unsettled demand remains around $85,000, a price correction to this level could resume the upward trend. Main Scenario: If Bitcoin fails to maintain above $100,000, a price correction towards $85,000 will occur. Buy positions can be taken from the correction below $100,000 in the demand zone (88,000-85,000) targeting 101,974, 104,000, and 108,340. Alternative Scenario: If Bitcoin can stabilize above $100,000, the upward trend will continue towards

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Technical Analysis of Bitcoin – 18th to 22th nov

Technical Analysis of Bitcoin – 18th to 22th nov

Bitcoin Analysis (Daily Time Frame) The price of Bitcoin has reached around $94,000, where, from a price-action perspective in the weekly timeframe, a price correction at this level is not unexpected. On the other hand, the chart indicates that BTC has gained significant momentum in HTF (higher timeframes) trading and is likely aiming for further increases. Currently, entering any type of trade (buy or sell) on the Bitcoin chart involves considerable risk.To clarify the price direction, it’s advisable to wait until the fate of the $85,000 level is determined, with a potential breakout or failure to break this level. If this

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Technical Analysis of Bitcoin – 11th to 15th nov

Technical Analysis of Bitcoin – 11th to 15th nov

Bitcoin Analysis (Daily Time Frame) Bitcoin has benefited the most from Donald Trump’s victory in the US elections, reaching an all-time high of 79,700, and is now just one step away from the 80,000 channel. Main Scenario: If the support at 67,327 holds, we expect the price to rise toward the 88,893 and 93,155 regions.Alternative Scenario: If the support at 67,327 is lost, the price may decline to the 59,921 range. Bitcoin Analysis (4-Hour Time Frame) Main Scenario: A price decline toward the 73,595–72,726 range is expected. If the support holds in this region, we anticipate a price increase to the

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Technical Analysis of Bitcoin - 4th to 8st nov

Technical Analysis of Bitcoin – 4th to 8th nov

Bitcoin Analysis (Daily Time Frame) Bitcoin increased in price to 73,734 and hunted liquidity at the peak of the corrective channel before declining to around 68,800. Main Scenario: If the 74,000 level is broken and consolidated above, there is a possibility of price increasing to 86,500. Alternative Scenario: If the price breaks and consolidates below the 65,100 area, a decline to around 56,000 is likely. Bitcoin Analysis (4-Hour Time Frame) In the 4-hour time frame for Bitcoin, if it fails to consolidate above 71,603, a price decline to around 66,821 is probable, where buying positions can be entered with targets of

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Technical Analysis of Bitcoin - 28th oct to 1st nov

Technical Analysis of Bitcoin – 28th oct to 1st nov

Bitcoin Analysis (Daily Time Frame) Bitcoin fluctuated between the 69,638 and 65,176 ranges last week. Main Scenario:Price increase to 74,000 followed by a decline to the 54,000 and 51,000 levels. Possible Scenario:Price increase to 74,926; if it stabilizes above 73,000, we expect a rise to the 88,000 range. Bitcoin Analysis (4-Hour Time Frame) It is oscillating within a converging channel at the upper channel range. Main Scenario:Price increase to 70,000; if stabilized above this area, we expect it to rise to 74,926. Possible Scenario:Liquidity hunting and price decline targeting 62,967, 59,955, and 53,220. The green zones marked are valuable areas for

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