BTC USD — Bitcoin Price and Chart — TradingView (2024)

Assessing BTC Market Sentiment and Divergence FormationHello guys,Today, I wanted to provide a short update on Bitcoin and address the question of whether the market is currently bearish or bullish. To analyze this, let's take a look at a chart that I believe will shed light on the situation.On the monthly timeframe, we can see that the price is for

BITCOIN Just flashed the strongest Buy Signal of the Bull Cycle!Bitcoin (BTCUSD) turned oversold on its 1D RSI on Monday and yesterday immediately rebounded back above the 30.00 RSI oversold barrier. The previous 3 times it did that exact same sequence since November 09 2022, it was an indication that the bottom was formed and a structured rise / Channel Up woul

Bitcoin: Impulse Break Now What?Bitcoin price has violated the wave i overlap that I have been writing about in previous weeks. This means the lower magnitude impulse structure is no longer valid and reduces the probability of a wave v higher in the near term (which is why I removed the labels from my chart). Based on this price a

BITCOIN Are you going to be able to handle this rally???Bitcoin (BTCUSD) is consolidating on the exact symmetrical spot it did relative to the previous Cycles. The blue circle marks that position historically and is that consolidation that always preceded the Bull Cycle's most aggressive part: the Parabolic Rally.The Cycle bottom-to-bottom time range i

BTC will enter a downward trend againFrom the daily chart, BTC is clearly on a downward trend. However, the decline and rise of BTC in the past two days were too large, first falling by about $6,000, and then rising by about $4,000. Due to the large increase, the decline faces many obstacles. Today, the price rose to around 62,460 and

BTC: High Probability of 60600 and Can go Down to 51800Hi Everyone! We currently still have Bearish Divergence in the 2-Week time frame with Red Line currently at Magenta Upper Level 60 Within Phoenix Ascending. The current price of the Magenta Upper B-Band within Bad Ass B-Bands is $60,600. So, we have a high probability of continuing down to proxim

Strategy to buy BTCUSDHello traders, what do you think about BTCUSD?In this analysis, I'll discuss the upward correction of this cryptocurrency.Currently, BTCUSD is trading around $61,500, showing signs of recovery on the 4-hour chart after a prolonged downtrend over several days. The price has rebounded by confirmin

BTC - Patience - Less Trades = More Money

Bitcoin - 60k Now what?I posted on a trade idea for Bitcoin around the 60k area. Here we are, so what now? Do I just buy some bitcoin? Do I take the trade here?The answer is NO!!Need to see the market stabilize, find support and look for a setup. This is where we can start taking a look at the daily candles and lo

BITCOIN → Liquidation and retest of support. When is 74K?BINANCE:BTCUSD is not ready to pass through 71500 yet and continues the correction phase, testing local lows and liquidating buyers in order to increase the position of a major player. Consolidation is clearly visible on the higher timeframes. The resistance area of 71500 plays an important rol