Bitcoin Massive Breakout End Of Bear Market During the week, there was a bear breakout attempt of a ttr (tight trading range). the bear breakout was followed by bad follow through, however, the price it is still below the 20 day ema, trying to create a micro double top lower high. If there is a strong bull breakout above the trading range next week, there would be two strong consecutive bull bars and hence, the probability of success will be higher. however, the price is still within a trading range, where good signal bars, like this one, are usually faded.
Bitcoin Breakout Bears Turning Into Bulls Live Crypto Chart Analysis Bitcoin will likely break below the $30,240 level (the phase #3 intermediate support level) in a big way sometime in the near future. once that happens, we may see the broader markets attempt a downside price correction as well – as psychology often leads to some type of “herd mentality”. Bitcoin has reached a significant and decisive resistance region of $30k, bringing back the bullish sentiment in the market. now that the price has broken above that static sentimental level, many participants believe that the bear market is over and that bitcoin has found its bottom at $15k. Bitcoin remains down by a total of308% over the past month as it drops beneath $37,000 today. the cryptocurrency had attempted to regain ground above $40,000 this week but failed to overcome resistance medium termprovided by the 200 day ma and a bearish .382 fib retracement. Nevertheless, the price is approaching a substantial resistance zone at the $30k mark, characterized by a significant supply of bitcoin. if buyers manage to overpower sellers, a sudden breakout could occur, potentially leading to the liquidation of numerous short positions.
Bitcoin Intriguing Bear Breakout Attempt Of A Ttr At 30k Brooks Bitcoin remains down by a total of308% over the past month as it drops beneath $37,000 today. the cryptocurrency had attempted to regain ground above $40,000 this week but failed to overcome resistance medium termprovided by the 200 day ma and a bearish .382 fib retracement. Nevertheless, the price is approaching a substantial resistance zone at the $30k mark, characterized by a significant supply of bitcoin. if buyers manage to overpower sellers, a sudden breakout could occur, potentially leading to the liquidation of numerous short positions. Market overview: bitcoin futures bitcoin futures bear breakout attempt of a ttr (tight trading range). during the week, the value of a bitcoin decreased by 0.97%. traders wonder if the tight range during the bull channel, it is the beginning of a transition into a trading range. Analysts predict bitcoin is currently in a bear trap phase, with potential highs in 2025–2026. some analysts expect bitcoin to hit $300,000, while others believe its bull run is already over. bitcoin’s (btc) price has historically experienced multiple bear traps. Bitcoin’s rally signalled a bullish sentiment that left analysts wondering whether the cryptocurrency will continue to rise in price. the global crypto market cap also bounced back above the $1trn mark, up 6.9% in the last 24 hours at $1.02trn, as per data from coingecko. That day, bitcoin busted out of a weeks’ long sideways pattern in an aggressive rally to 10 month highs. the origin of the mysterious whitepaper remains unsolved, yet mainstream experts say the reason for bitcoin’s single day surge was wide out in the open.
Bitcoin Intriguing Bear Breakout Attempt Of A Ttr At 30k Brooks Market overview: bitcoin futures bitcoin futures bear breakout attempt of a ttr (tight trading range). during the week, the value of a bitcoin decreased by 0.97%. traders wonder if the tight range during the bull channel, it is the beginning of a transition into a trading range. Analysts predict bitcoin is currently in a bear trap phase, with potential highs in 2025–2026. some analysts expect bitcoin to hit $300,000, while others believe its bull run is already over. bitcoin’s (btc) price has historically experienced multiple bear traps. Bitcoin’s rally signalled a bullish sentiment that left analysts wondering whether the cryptocurrency will continue to rise in price. the global crypto market cap also bounced back above the $1trn mark, up 6.9% in the last 24 hours at $1.02trn, as per data from coingecko. That day, bitcoin busted out of a weeks’ long sideways pattern in an aggressive rally to 10 month highs. the origin of the mysterious whitepaper remains unsolved, yet mainstream experts say the reason for bitcoin’s single day surge was wide out in the open.