Market Overview: Bitcoin Bitcoin reaching the $100,000 mark is a groundbreaking milestone, a testament to the crypto asset’s transformative influence on the financial landscape. This psychologically significant level may attract profit-taking activity and expect resistance to continue higher. However, we’ve witnessed a scenario in 2017 where Bitcoin broke above the awaited $10,000 mark without resistance […]
Bitcoin the latest bull run towards $100000
Market Overview: Bitcoin Bitcoin continues to captivate markets, breaking out of a prolonged six-month trading range. This upward movement trades uncharted territories on the upside, leaving prior downside levels increasingly unlikely to be revisited. Historically, Bitcoin has experienced near 80% drops, suggesting that if the price reaches the $100,000 milestone—a plausible event—it may never fall […]
Bitcoin hits new all-time high of $77300
Market Overview: Bitcoin This week, Bitcoin hit a new all-time high, surpassing the previous peak set on March 14, 2024, after trading below it for several months. Since then, a test of this high has been anticipated, fueled by the strong bull breakout that began early in 2024. Our reports have consistently emphasized the likelihood […]
Bitcoin October bar traded near all-time high
Market Overview: Bitcoin This week, the October monthly bar closed with a bull bar that nearly reached Bitcoin’s previous all-time high. The monthly close, positioned above September’s high, suggests that November or December may bring a renewed attempt to test October’s high. Reflecting on the year so far, Bitcoin has largely moved within a trading […]
Bitcoin bulls did not buy past week’s strong bull near 70k
Market Overview: Bitcoin In the weekly chart of Bitcoin, the price action is oscillating within a trading range as it approaches key upper magnets, with the potential to test the all-time high soon. On the daily chart, last week’s breakout points served as support, and a bull flag was formed. This week, Bitcoin has been […]
Bitcoin strong bull bar testing $70000
Market Overview: Bitcoin In the Bitcoin’s weekly chart, the price is fluctuating within a trading range but is approaching upper magnets and may test the all-time high soon. On the daily chart, a breakout above prior resistance levels suggests increasing bullish momentum, but with a significant Wedge Top looming, we will assess the likelihood of […]
Bitcoin weekly limit order Trading Range testing $65000
Market Overview: Bitcoin Bitcoin‘s weekly chart is currently exhibiting a lack of momentum, much to the dismay of traders who anticipate a test of the all-time high in the near future. The market is stuck in a limit order trading range. Following a strong bull breakout earlier, a wedge bottom pattern continues to influence its […]
Bitcoin bear reaction at $65000
Market Overview Bitcoin: This past Monday marked the close of September and the beginning of a fresh trading month. As we transition into October, traders are reflecting on the monthly and weekly charts, assessing whether the current price action signals the continuation of a bull trend market cycle or a trading range. The monthly price […]
Bitcoin trigger a setup on the buy side
Market Overview: Bitcoin Bitcoin is approaching the close of its September monthly candlestick, a crucial moment for traders. Looking back at the August candlestick, the Trader’s Equation seemed favoring a bullish scenario, where buying the close would target at least a retest of Bitcoin’s all-time high. So far, September has mostly supported this outlook, with […]
Bitcoin near the BOM Buy Signal at $65050
Market Overview: Bitcoin In this week’s Bitcoin report, the breakout mode pattern on the weekly chart is again the central focus, with bulls approaching to trigger the buy side of this setup. The small trading range has been contracting, forming a triangle formation, which is a classic breakout mode pattern. Historically, such patterns offer a […]
