Market Overview: Bitcoin Bitcoin is doing a Bull Breakout Weekly Bar that reflects our expectations from last week’s report. The daily chart was more likely to initiate a Bull Leg and this is why we are seeing a Bull Breakout Bar on the Weekly chart. Bitcoin The Weekly chart of Bitcoin The weekly chart displays […]

Market Overview: Bitcoin Since mid-August, Bitcoin has shown signs of weak bulls. The bullish fervor that drove earlier gains has faded, prompting many longer-term bulls to exit their positions or scale back. However, on the daily timeframe, shorter-term bulls have been capitalizing on buying opportunities at strong bear bars, a strategy that has proven effective […]

Market Overview: Bitcoin As August comes to a close, Bitcoin has experienced a challenging month, dropping $15,000 from its all-time highs. This decline suggests a lack of buyer interest at high price levels, signaling a sentiment shift in the market. Bitcoin The Monthly chart of Bitcoin The IBIT monthly chart provides a clear picture of […]

Market Overview: Bitcoin This week, Bitcoin continued testing downward as we approach the final week of August, the last trading days of the month. August is currently a doji on the monthly chart, sitting near July’s close. The price briefly traded above July’s high but failed to hold, rejecting higher levels. With a pair of […]

Market Overview: Bitcoin This week, Bitcoin hit a new all-time high, then reversed sharply, forming a large daily outside down bar on Thursday. It appears traders weren’t buying at the highs. The small pullback bull trend on the weekly chart remains intact, but a 5% decline from here could threaten this structure. Bulls trading the […]

Market Overview: Bitcoin This week, Bitcoin formed an inside bar on the weekly chart. It is not a good follow-through bar for the previous bear bar. Still, this marks the third bar without trading above the previous week’s high. Bitcoin The Weekly chart of Bitcoin Recently, the price executed a bull breakout of a Cup […]

Market Overview: Bitcoin Bitcoin reached a major measured move target on the monthly chart in July, while establishing a new all-time high. Bitcoin The Monthly chart of Bitcoin Bull Channel Formation Bitcoin experienced a sharp bull spike in late 2023 through early 2024, which was followed by the formation of a bull channel—a sloping upward […]

Market Overview: Bitcoin Bitcoin has ended a 4-week bull micro channel this week. Next week marks the monthly bar close. So far this month, price rose about 8%. There’s a real chance the month closes below its midpoint, raising odds of testing $100,000 in August. Bulls aim for a close near the high to show […]

Market Overview: Bitcoin Bitcoin The Weekly chart of Bitcoin Context and Transition Shift Back to Long High‑2 Mechanics Bull Breakout and Targets Bad Follow‑Through What Now The Daily chart of Bitcoin Trading Range Bull Breakout Measured Move Is Resistance Time for Bulls to Assess Strength Scenarios Conclusion Market analysis reports archive You can access all […]

Market Overview: Bitcoin Bitcoin The Weekly chart of Bitcoin The Daily chart of Bitcoin Market analysis reports archive You can access all weekend reports on the Market Analysis page.