Bitcoin (BTC) analysis thread

[Madalyn]

Happy for it to just stay above $10k for a few weeks tbh

You don't think it will go higher?

 

[DaveT]

You don't think it will go higher?

I do, but if it falls below $10k again I think it may be some time before an sort of significant bull run

 

[momo3HC]

Yeah its great to get a good over view of this pair but then moving in to mid to short term analysis would be good to see.

The one after that one you`re quoting is such kind mate.

 

[momo3HC]

How high could it go??

I`m thinking about test of ATH till the end of the year and for the future... MOON.

 

[Sammy colt]

Looking forward to another update on this, especially after the big dip cryptos took this weekend. I'm interested to hear people's opinions on why it dropped so much

 

[Smith2525]

It's not dropped that much, just a little pull back I believe. Probably caused by some splashing whales.
Bulls will regain control very soon.
Buy the dips and enjoy the chips.

 

[theforexarmy111]

From the current positions, both Bitcoin (BTC) and Ethereum (ETH) prices may sink below key levels, taking a breather before the next rally.

 

[Madalyn]

Looking forward to another update on this, especially after the big dip cryptos took this weekend. I'm interested to hear people's opinions on why it dropped so much

I don't think it was a big dip. Just a pullback.

 

[Treacle]

Getting close to $10k again.......

 

[momo3HC]

Hi all. This week i`m switching to 1D chart cuz there are more interesting things on it but before that let`s check the last analysis main points.

• Pivot point for this week was 10003.96. We will close this week almost 100% probably under it, which means the next one could be negative.
• Parabolic SAR is not changed and it`s still bullish.

Now let`s move to the actual analysis with the first chart.

Two support levels:

• $9500 - previous resistance and support level
• $9100-9000 - previous resistance and support level and almost 61.8 fibo level

Resistance level: $10500 - previous resistance and 100% fibo level

There`s two very bullish indicators into this chart too:

• Golden cross happened between 50 and 200 MA`s. Very bullish signal in long term.
• Supper guppy indicator. Very good indicator which seems to be turned bullish almost a month ago but i`m checking it now. Check it in tradingview chart if you`re interested.

2nd chart:

Thank`s to Glassnode we can check Bitcoin`s Reverse Risk (BRR) chart combined with it`s price.

In short we can conclude that in every time when BRR bottomed out from the green zone we`re facing in front of the bull run start to the next ATH or at least local high (like the 14K top from the last summer).

That`s for now from me guys. Wishing you a wonderful and prosper week. And remember that all about BTC is a long term game and almost every single indicator now is pointing north, no matter of $500, $1000 or even more dips for a day or week.