Bitcoin Price Resistance
Bitcoin is currently running into a major area of resistance between $36k and $38k on the weekly chart. This is a sign that the much larger bullish trend is still in effect, despite any short-term bearish price action or trends. On the daily chart, a bearish divergence is still present, with higher highs in the price and lower highs in the RSI. This indicates that the short-term bullish trend is beginning to lose momentum.
Likely Outcomes
The most likely outcomes from the bearish divergence are choppy sideways price action or a pullback in the price of Bitcoin over the next few weeks. Additionally, the daily Bitcoin MACD has recently begun to reverse in the other direction. This could potentially lead to a break of the resistance level and a surge in the price of Bitcoin to $34k.
Solana & Ethereum Price Predictions
The cryptocurrency Solana has been playing out a short-term pattern, which could be indicative of a potential surge in the near future. Ethereum, on the other hand, has been trading in a tight range between $1,400 and $1,600. If the price of Bitcoin breaks the resistance level and surges to $34k, it is likely that Ethereum will follow suit and break out of its current range. This could potentially lead to a significant increase in the price of Ethereum.
Bitcoin Price Momentum
The recent bullish momentum in the Bitcoin market has been impressive, with the price of the cryptocurrency reaching an all-time high of $34,000. However, the MACD and moving average have begun to drop back to the downside, and the histogram has crossed back into the red, signaling a lack of bullish momentum. This could indicate that a pullback is likely in the coming weeks, though it is important to remember that this could still occur within a larger bullish trend.
US Dollar Index
The US Dollar Index (DXY) has been on a downward trajectory, losing value relative to other currencies. This has made it easier for the price of Bitcoin to increase, as the red line on the daily Bitcoin chart shows.
Solana and Ethereum Price Predictions
The cryptocurrency Solana has been gaining traction in recent weeks, with its price increasing by over 200% in the last month. Ethereum, on the other hand, has been relatively stable, with its price hovering around the $1,200 mark. Analysts are predicting that both cryptocurrencies could see further gains in the near future, with Ethereum potentially reaching $2,000 and Solana reaching $50.
Bitcoin News Today
Bitcoin news today is dominated by the bullish momentum in the market, with many analysts predicting that the price of Bitcoin could reach $50,000 in the near future. This is due to the increasing institutional interest in the cryptocurrency, as well as the increasing number of companies and governments that are embracing the technology. The increasing demand for Bitcoin has also been fueled by the increasing number of people who are looking to diversify their portfolios and hedge against inflation.
Bitcoin Price Prediction
The current Bitcoin price is hovering around the $32,000 mark and is expected to reach $34,000 if the current bullish trend continues. This is due to the weakening of the US Dollar Index (DXY) which has been on a downward trajectory for the past few weeks. This has made it difficult for the price of Bitcoin to experience any significant pullback, however, there have been some minor dips in the price of Bitcoin along the way. The 8-hour Bitcoin chart shows that Bitcoin has been forming higher lows and higher highs in an ascending parallel channel, with some minor dumps in the price of Bitcoin along the way.
Bitcoin News Today
The latest news on Bitcoin is that the cryptocurrency is now being accepted as a form of payment by some of the worlds largest companies. This includes Microsoft, which recently announced that it would be accepting Bitcoin payments for its products and services. This is a major step forward for the cryptocurrency and could lead to more widespread adoption in the future. Additionally, PayPal has also announced that it will be allowing its customers to buy, sell, and hold Bitcoin, which could lead to further mainstream adoption.
Solana & Ethereum Price Prediction
Solana is currently trading at around $17.50 and is expected to reach $20 in the near future. This is due to the increasing demand for the cryptocurrency and the increasing number of projects built on the Solana blockchain. Ethereum, on the other hand, is currently trading at around $1,400 and is expected to reach $1,500 in the near future. This is due to the increasing number of decentralized applications being built on the Ethereum blockchain and the increasing demand for the cryptocurrency.
Bitcoin Price to Reach $34K
The Bitcoin chart on the 8 Hour timeframe has recently confirmed higher highs in the price, while also confirming lower highs in the RSI. This is a regular bearish Divergence, which is slightly more bearish than bullish in terms of the Divergence. This indicates that the momentum of the bullish Trend is slowing down, and could potentially lead to a sideways consolidation or a pullback. To confirm a bearish Trend reversal, a break below the ascending line of support at 30 35.4k to 35.5k is necessary. If this occurs, it would form a lower low below the previous low, which would be a short term bearish signal.
Solana & Ethereum Price Predictions
The cryptocurrency market is currently in a state of flux, with the prices of many coins fluctuating. Solana, for example, has seen a significant increase in its price, and is currently trading at around $15. Ethereum, on the other hand, has seen a slight decrease in its price, and is currently trading at around $2,400. It is difficult to predict the future price of either coin, however, it is likely that Ethereum will continue to remain relatively stable, while Solana may experience further price increases.
Bitcoin News Today
The news surrounding Bitcoin has been largely positive in recent weeks. The cryptocurrency has seen a surge in interest from institutional investors, with many large companies investing in the coin. This has led to an increase in the price of Bitcoin, and it is likely that this trend will continue in the near future. Additionally, the upcoming halving event is likely to have a positive effect on the price of Bitcoin, as it will reduce the number of new coins entering circulation and increase the scarcity of the coin.
Bitcoin Price Momentum
The current momentum of Bitcoin is beginning to shift in a more bearish direction, with a lack of momentum. Despite this, it is important to note that short-term movements do not necessarily reflect the larger picture on the weekly time frame. In this case, Bitcoin is still viewed as bullish in the long-term. However, if a break to the downside is seen below the current line of support, a move down to around $34,000 is possible.
Liquidation Heat Map
The Bitcoin liquidation heat map, based on Binance’s BTC/USDT perpetual futures contracts, shows a significant amount of liquidity sitting at around $34,000 per Bitcoin. This could act as a form of support, as whales with large positions may move the price towards this liquidation zone to fill their positions. If a bearish scenario does play out and a break below the current support is seen, a drop to around $34,000 is possible.
Trading the Move
Should the bearish scenario play out and a break below the current support is seen, traders can take advantage of this move on Bybit, the exchange used by the author. Bybit offers a range of trading tools and features to help traders capitalize on the move.
Bitcoin News Today
The crypto market has been abuzz with news of Bitcoin’s potential to reach $34K if it breaks the current resistance level. With the recent rejection from the important area of resistance going up towards around 2150, many investors are wondering if this could be the moment when Bitcoin finally breaks out and reaches new heights. If this does happen, it could be a major game-changer for the crypto market.
Solana & Ethereum Price Prediction
Solana is a blockchain platform that has been gaining traction in the crypto world. It is designed to provide high throughput and low latency for decentralized applications. With its innovative consensus mechanism, Solana is able to process up to 50,000 transactions per second. This makes it an attractive option for developers looking to build applications on the blockchain. As for Ethereum, the second-largest cryptocurrency by market cap, it has been trading in a tight range for the past few months. However, many analysts believe that Ethereum could break out of this range soon and reach new highs.
Preparing for a Potential Breakout
In anticipation of a potential breakout, investors should be prepared to take advantage of the situation. For those looking to trade Bitcoin, there are several options available. Buybit is one of the most popular exchanges, offering up to a 30000 deposit bonus for new users. For those who cannot access Buybit due to regulations, Bitflex is another crypto exchange that does not require KYC. Additionally, Bitflex offers a 10 USDT bonus for users who make a deposit of 100 USDT and make one trade.
Bitcoin to $34K If This Breaks
Bitcoin is currently forming significant higher lows on the weekly time frame and forming a bullish pattern and a triangle pattern. If a short term rejection and pullback is seen, this does not necessarily change the larger picture. On the daily Ethereum to US dollar chart, a break to the downside below the 23.6 Fibonacci level of support at around 1970 has been observed. If this break is further confirmed with more daily candle closes below 1970, a drop down towards the next Fibonacci level of support at around 1870 to 1880 is likely. Support is also found at around 1.9k. Resistance could be found in between around 2000 to 2030, with a higher level of resistance closer towards around 2130 to 2150.
Bitcoin News Today
The daily Ethereum price oscillators are beginning to flip bearish, showing a lack in bullish momentum. The daily Ethereum RSI has formed a slightly new lower low below the previous low. This could be an indication of a potential drop in price. However, it is important to note that the overall trend is still bullish and so a break of the resistance levels could see Ethereum prices rise.
Solana & Ethereum Price Prediction
The current market conditions suggest that Bitcoin could reach $34k if the resistance levels are broken. This could be a result of the bullish trend that is currently being formed. However, it is important to note that the market is highly volatile and so any predictions should be taken with caution. Ethereum prices could also rise if the resistance levels are broken, although this is not guaranteed.
Bitcoin to $34K If This Breaks
The Bitcoin market has been in a state of flux recently, with prices oscillating between overbought and bearish territories. The daily Ethereum MACD has recently crossed in the bearish direction, suggesting a lack of bullish momentum in the short term. This is further supported by the histogram, which is signaling the potential for more bearish momentum.
Bitcoin News Today
Zooming into the 8-hour Ethereum to US Dollar chart, however, reveals a possible hidden bullish divergence forming. As of recording this video, the price of Ethereum is still in a higher low formation, while the RSI is still in lower lows. This divergence will be confirmed if a bounce occurs above the current low, which would result in another higher low in the price of Ethereum.
Solana & Ethereum Price Prediction
Although the divergence is yet to be confirmed, the lack of bullish momentum in the short-term is making the outlook more bearish. Nevertheless, on the larger time frames such as the weekly chart, the bullish trend remains intact. If this trend continues, Bitcoin could reach as high as $34,000.
Then, of course, that would be a great opportunity to go in and buy salana at a much lower price.
Bitcoin News Today
The recent news about Bitcoin is that the cryptocurrency is on track to reach a new all-time high of $34,000. This news has been met with enthusiasm from the crypto community, as many have been waiting for this moment for some time. The news has been further bolstered by the fact that Bitcoin’s market capitalization has now surpassed $600 billion, making it the most valuable asset in the world.
Solana Price Prediction
The price of Solana is currently forming a large bullish pattern, with a price target of around $71 to $72. The price of Solana has already reached around $68 to $69, indicating that it is close to the technical price target. This is a positive sign for investors, as it suggests that the cryptocurrency is likely to continue its upward trend. However, it is important to note that the RSI is extremely overbought, meaning that there is a risk of a potential pullback. If this does occur, then it could be a great opportunity to buy Solana at a much lower price.
Ethereum Price Prediction
Ethereum is currently trading at around $1,200, and it is expected to continue its upward trend in the near future. Analysts are predicting that Ethereum could reach $2,000 by the end of 2021, and possibly even higher by the end of 2022. This is due to the increasing demand for Ethereum and its growing popularity as a platform for decentralized applications. Additionally, Ethereum’s smart contract capabilities are becoming increasingly attractive to developers and businesses, which is likely to drive further growth in the cryptocurrency.
Bitcoin to $34K
The cryptocurrency market has been on a bullish streak lately, with Bitcoin (BTC) leading the charge. The world’s largest digital asset recently surged past the $30,000 mark and is currently trading at around $33,000. Analysts are now predicting that the digital asset could reach $34,000 in the near future if the current bullish momentum continues.
Bitcoin News Today
The bullish sentiment in the market is being driven by a number of factors. Firstly, institutional investors have been pouring money into the cryptocurrency market, which has been driving up prices. Secondly, the US government’s decision to approve the launch of a Bitcoin exchange-traded fund (ETF) has also been a major factor in driving up prices. Finally, the increasing acceptance of Bitcoin as a legitimate form of payment has also been a major factor in driving up prices.
Solana & Ethereum Price Prediction
In addition to Bitcoin, other cryptocurrencies have also been performing well. Ethereum (ETH) is currently trading at around $1,200, while Solana (SOL) is trading at around $25. Analysts are predicting that both these digital assets could reach new all-time highs in the near future. Ethereum is expected to reach $2,000, while Solana is expected to reach $50.
RSI Resetting
The Relative Strength Index (RSI) is a technical indicator used to measure the strength of a trend. If the RSI is above 70, it indicates that the trend is overbought and a pullback is likely. On the other hand, if the RSI is below 30, it indicates that the trend is oversold and a rally is likely. Currently, the RSI for Bitcoin is around 70, which indicates that a pullback is likely. However, analysts are predicting that the RSI could reset and the bullish trend could resume once again.
Short Term Bearish Divergence
Analysts have also noticed a short-term bearish divergence on the 4-hour chart. This divergence occurs when the price of an asset makes higher highs, while the RSI makes lower highs. This could potentially result in a pullback or a sideways consolidation. However, analysts are still optimistic that the bullish trend will resume once the divergence plays out.
Bitcoin to $34K?
The recent surge in Bitcoin prices has been nothing short of remarkable, with the world’s leading cryptocurrency reaching a new all-time high of $34,000. This has been driven by institutional investors, as well as retail investors, who are increasingly turning to Bitcoin as a hedge against inflation and a safe-haven asset. While the future of Bitcoin is uncertain, it is clear that the current bullish trend could continue, with some analysts predicting that the price could reach $50,000 in 2021.
Bitcoin News Today
The Bitcoin news today is dominated by the price surge, with many analysts predicting further gains in the near future. This is being driven by institutional investors, who are increasingly turning to Bitcoin as a hedge against inflation and a safe-haven asset. Additionally, the recent news of PayPal’s entry into the cryptocurrency market has further boosted investor confidence in the asset.
Solana & Ethereum Price Prediction
Solana and Ethereum are two of the leading smart contract platforms, and both have seen significant price increases in recent months. Solana has seen its price increase by over 200% since the start of 2021, while Ethereum has seen its price increase by over 300%. Analysts are predicting that both of these platforms could continue to see further gains in the near future, as they continue to gain traction with developers and investors alike.
Get Ready
With Bitcoin’s price continuing to surge, and other cryptocurrencies following suit, now is the time to get ready for further gains. Investors should be aware of the risks associated with investing in cryptocurrencies, and should do their own research before investing. Additionally, investors should be aware of the potential for further volatility in the near future, as the market continues to evolve.
Bitcoin is currently running into a major area of resistance between $36k and $38k on the weekly chart. This could potentially lead to a break of the resistance level and a surge in the price of Bitcoin to $34k. If this occurs, it is likely that Ethereum will follow suit and break out of its current range, leading to a significant increase in the price of Ethereum.
Overall, it appears that Bitcoin is set to reach $34K if the current trend continues. The news surrounding Bitcoin has been largely positive, and the upcoming halving event is likely to have a positive effect on the price. Additionally, the prices of both Solana and Ethereum are likely to remain relatively stable in the near future.
The crypto market is on the brink of a potential breakout, with Bitcoin potentially reaching $34K if it breaks the current resistance level. Investors should be prepared to take advantage of the situation by using exchanges such as Buybit and Bitflex. With the right preparation, investors could be in for a major windfall if Bitcoin does break out.
Bitcoin is currently forming a bullish pattern and could reach $34k if the resistance levels are broken. Ethereum prices could also rise if the resistance levels are broken, although this is not guaranteed. It is important to note that the market is highly volatile and so any predictions should be taken with caution.
Overall, the Bitcoin market is in a state of flux, with the short-term outlook appearing bearish. Nevertheless, the bullish trend on the larger time frames remains intact, and if it continues, Bitcoin could reach as high as $34,000.
Overall, the cryptocurrency market is in a bullish state and analysts are predicting that Bitcoin could reach $34,000 in the near future. Other digital assets such as Ethereum and Solana are also expected to reach new all-time highs. However, analysts are warning that a short-term pullback or sideways consolidation is likely due to the bearish divergence on the 4-hour chart.
