Bitcoin Finding SupportBitcoin has pressed down through a vauum zone from $40K down to $37.7K. This is the exact level we told you we would see support. If support does not hold, watch for $36.7K, but if that doesn't hold there is a vacuum zone back down to $34.9K. The Kovach OBV was once strong, but has drifted back down as the price has fallen. If we are able to find support here, then watch for BTC to establish value between $37.7K and $40K. If we can break out from here, watch for $41.9K and $45K as our next targets.
Hodl
Bitcoin Rejects $40K!!Bitcoin seems to have rejected higher prices for now, retracing back below the $40K handle. It appears that the $40K's were too much for BTC to hold for now, and as we suggested in yesterday's report, it found support exactly at $37.7K. Currently it is catching a bit of support confirmed by a green triangle on the KRI just above $37.7K. The Kovach OBV has started to drift downwards, but it does not indicate the momentum of a proper crypto dump. If we do see the selloff continue then $36.7K and $34.9K will provide further support. If we can see more momentum, then we should be able to regain the $40K handle.
Bitcoin Retraces!!Bitcoin tested $41.9K over the weekend, but we were unable to break this level and we retraced back to $40K. Currently, we are finding support just under $40K, which will now provide resistance. There is a vacuum zone below to $37.7K, and immediately after that we will find further support from $36.7K. The Kovach OBV has dipped slightly to reflect the retracement, but is still relatively strong. If we are able to muster the strength to best $41.9K, then our next target is $45K
Potential end to BTCUSD's Huge down trend PART 2Here we can see BTCUSD is testing resistance again @ the $42000 area. A solid break above this area can cause a rally to $50000
We can also see price be rejected and fall back down un the 30k's
Tp1 $42000 HIT !!!
Tp2 $50000
Tp3 $65000
Tp4 OPEN
HODL HODL HODL
Bitcoin Breaks Down!! 📉Bitcoin has broken down from a pennant consolidation pattern. We are currently finding support at $38.4K which could mark the formation of a new technical level. It appears that BTC is just not ready to break through the $40K boundary which has proven difficult for it and remains a hard upper bound to its recovery. If we can't sustain current levels, we will find further support in the mid $30K handle at $37.7K and $36.7K. If we can muster another burst of momentum, then $40K is still the level we must break to confirm that we are back to bull mode
Bitcoin Breakout Imminent!! 📈🚀Bitcoin has maintained highs just below the upper bound of our Fibonacci anchor at $40.8K. It has developed a clear affinity for higher levels and looks to be forming a bull wedge pattern. The Kovach OBV is gradually increasing showing a bull divergence which is the recipe for another breakout. There is one more level at $41.9K before we attempt to cross the vacuum zone to $45K. If we are wrong, there is a vacuum zone down to $37.7K.
DOT/USDT is massively undervaluedPolkadot is one of the most undervalued high cap coin at the moment. Currently, more than 450+ projects building on Polkadot. This could easily overtake Cardano's spot. Currently down 70% from ATH.
Best time to accumulate much as we can. If DOT stays within the uptrend we could see a new ATH with 3x 5x growth from the entry at the end of this year.
This prediction is more suitable for long term investors and anyone looking to accumulate more DOT. This is not financial advice. Please DYOR on fundamentals
Bitcoin Breakout Soon??Bitcoin retraced 50% of the Amazon rumor move, but even after Amazon confirmed it will not be taking crypto payments, it has returned to test the extremely significant $40K handle. This is a significant psychological level, and was a barrier to BTC for some time. The Kovach OBV has turned up sharply with this momentum, and we could be on the cusp of a breakout. We have two levels above that will provide immediate resistance, but after that it should be smooth sailing to $45K. If not, lower levels at $36K should hold.
Potential end to BTCUSD's Huge down trend Bitcoin has been down trending for some time now and looks like it could be coming to and end :)
Price is coming close to RSI trend line and Daily trend line
TP1 42000
TP2 50000
TP3 65000
TP4 OPEN
HODL HODL HODL
Momentum Back for Bitcoin??Bitcoin has made a comeback, finding support just above $28.8K, which was a level projected using inverse Fibonacci levels anchored by last week's range. We have currently broken resistance and have achieved the $30K's once more. In fact, we are now just above $31K, which was the lower bound of last week's range. We are still witnessing some momentum here, but are in the middle of a vacuum zone to $32.3K. Anticipate resistance from this upper bound. The Kovach OBV has gained notable strength, but we still have a few key levels above to break before we can safely be assured that genuine bull momentum has returned to the crypto markets.