Bitcoin Info SA

11/09/2024

Bitcoin Update -

Heading into the CPI release today it is no surprise to see undecided price action on Bitcoin. We can expect this to be decided on whether the CPI print is good or bad. For now we have clear resistance at $58k, and just above that at $58.6k is the DM VAH as well as 4hr EMA 200. If the market reacts well to the figures then I think this level could be tested today. In terms of support, all eyes on the green line at $56.5k. This has been respected as 4 hour support on every candle close over the past 24 hours. Lose this and we can expect $55.3k next.

07/09/2024

Bitcoin update-

Hopefully we can stay above the green line and get a proper referasal. Respected this green line for over 4 months now.

Stay safe!

05/09/2024

Bitcoin Update -

Really bad price action on Bitcoin and crypto over the past couple of days. There was no reason to become bullish at any point yesterday as the move to $58.5k was just a retest of the 4 hour downtrend resistance. A strong rejection from this level has created another Lower High. For clearer direction we wait for a breakout or breakdown from this falling wedge. Unless we see a strong reversal soon then I think it is likely we visit $52k and below.

04/09/2024

Bitcoin Update -

The sell off on Bitcoin continues and so far there are no signs of a significant reversal. The August VAL and 4 hour order block at $55.5k has so far given some support. This is the zone we have been mentioning for a few days that was likely to be visited. I am waiting for further confirmations as this is not the ideal price action to over-trade.

Looking to see if we reclaim $57.2k Weekly OPen and Monday Low. If we lose $55k then a chance of a move towards $54/$53k.

02/09/2024

02/09/2024

Bitcoin Update -

Bitcoin continued to bleed lower throughout yesterday, reaching $57k where we have seen a small reaction from. Lets see whether this current 4 hour candle breaks the down trend here, and potentially creating the first 4 hour demand we have seen for a while. We have a CME gap at $58.9k, so keep an eye on the reaction if we get a move

Stay safe!

30/08/2024

Bitcoin Update -

Although Bitcoin moved back above $60k intrad-day yesterday, it is clearly struggling to reclaim the Daily EMA200 at $59.6k. A daily close above this and we can start to think about a move towards $62k/ $63k again.

I am still interested in $55k if $59.6k continues to be rejected at daily closes.

29/08/2024

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29/08/2024

Bitcoin Update -

Since the aggressive sell off on Tuesday, Bitcoin is trading in this sideways 4 hour range of $58.5k to $60k. These are our 4 hour support levels for now, and we simply wait for one of them to break to get a signal of the next move.

A clean 4 hour close above $60k and there is a chance of a fast move up to $61k, as there is little resistance in between. Any 4 hour close below $58.5k and it is a potential short area to target towards $56k.

27/08/2024

Bitcoin Update-

As we speak we are about to hit the $61.8k level which is the DM VAH.

The Monday range this week is $62,650 - $64,455.

Stay safe

27/08/2024

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26/08/2024

Bitcoin Update -

Bitcoin has rejectef $65k resistance heading into the weekly close. We have lost on the $63.8k level on the llast 4 hour candle. A good reaction so far from $63k, but if BTC fails to reclaim $63.8k at the end of this 4 hour candle then I think we may still see a lower move.

Enjoy and stay safe.