Caval  Canti

Caval Canti

1558568985

Bitcoin Price Analysis: BTC Remains Attractive, $8,350 Holds Key

Bitcoin price traded towards the $8,350 resistance level and recently corrected lower against the US Dollar.

The price is holding the key $7,640 and $7,600 support levels and it could bounce back.

There is a crucial contracting triangle forming with support near $7,920 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).

The pair remains well supported on dips near the $7,840, $7,640 and $7,600 levels.


Bitcoin price is currently correcting gains below the $8,000 support against the US Dollar. BTC is likely to climb higher in the near term as long as the $7,640 support area.

Bitcoin Price Analysis

This week, bitcoin price gained a strong bullish momentum above the $7,500 barrier against the US Dollar. The upward move was strong, as the price settled above the $7,800 level and the 55 simple moving average (4-hours). The BTC/USD pair climbed above the $8,000 and $8,200 resistance levels. It once again tested the $8,350 resistance area, where sellers emerged. A swing high was formed near $8,320 and recently the price started a downside correction.

There was a break below the $8,000 support and the 23.6% Fib retracement level of the last wave from the $6,631 low to $8,320 high. Moreover, there was a spike below the $7,800 level and the price tested the $7,600 support area. The 50% Fib retracement level of the last wave from the $6,631 low to $8,320 high also acted as a strong support. More importantly, the 55 simple moving average (4-hours) also acted as a support above $7,600. At the moment, the price is attempting a close below a crucial contracting triangle with support near $7,920 on the 4-hours chart.

If there is a proper close below the $7,900 support, there are chances of more losses. An immediate support is at $7,840 and the 55 SMA. Any further losses are likely to push the price towards the main $7,640 and $7,600 support levels. On the upside, the triangle resistance is near the $8,000 level, above which there are chances of more gains. The next key resistance is near the $8,180. Having said that, the bulls need to clear the $8,350 barrier for a fresh rally towards the $8,500 and $8,800 levels.

Looking at the chart, bitcoin price is clearly facing a strong barrier near the $8,350 level. If the price continues to struggle near the $8,350, there are chances of a sharp drop in the short term.

Technical indicators

4 hour MACD - The MACD is losing momentum in the bullish zone.

4 hour RSI (Relative Strength Index) - The RSI is currently above the 50 level, with a flat structure.

Key Support Levels - $7,800 and $7,600.

Key Resistance Levels - $8,000, $8,200 and $8,350.

The post Bitcoin Price Analysis: BTC Remains Attractive, $8,350 Holds

#bitcoin #cryptocurrency #altcoins

What is GEEK

Buddha Community

Bitcoin Price Analysis: BTC Remains Attractive, $8,350 Holds Key

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John Garcia

John Garcia

1624237200

Bitcoin Price Targets & Trade Setups l BTC Technical: Open Interest & Key Fibonacci Levels

Following the recent price action in the BTCUSD chart I thought it would be fitting to update everyone on my view on the market. Taking a look at some key levels to watch for potential trade setups using technical analysis. We also discuss gauging the strength in market trends using volume and open interest along with a few other useful tools when it comes to charting.
Timestamps:
0:00 Intro
0:30 Trend Shifts & Open Interest
2:30 Short Term Trade Setups
5:15 Symmetrical Triangle Macro Trend Breakout
5:50 Potential Swing Trade Setup
8:30 Contemplating the Downside
9:25 Analyzing Moving Averages
11:35 Closing Thoughts
📺 The video in this post was made by Invest Global
The origin of the article: https://www.youtube.com/watch?v=fDxS1_1vPr8
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!
☞ **-----CLICK HERE-----**⭐ ⭐ ⭐
Thanks for visiting and watching! Please don’t forget to leave a like, comment and share!

#bitcoin #blockchain #bitcoin price targets #btc #bitcoin price targets & trade setups l btc technical: open interest & key fibonacci levels #btc technical analysis

Caval  Canti

Caval Canti

1558568985

Bitcoin Price Analysis: BTC Remains Attractive, $8,350 Holds Key

Bitcoin price traded towards the $8,350 resistance level and recently corrected lower against the US Dollar.

The price is holding the key $7,640 and $7,600 support levels and it could bounce back.

There is a crucial contracting triangle forming with support near $7,920 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).

The pair remains well supported on dips near the $7,840, $7,640 and $7,600 levels.


Bitcoin price is currently correcting gains below the $8,000 support against the US Dollar. BTC is likely to climb higher in the near term as long as the $7,640 support area.

Bitcoin Price Analysis

This week, bitcoin price gained a strong bullish momentum above the $7,500 barrier against the US Dollar. The upward move was strong, as the price settled above the $7,800 level and the 55 simple moving average (4-hours). The BTC/USD pair climbed above the $8,000 and $8,200 resistance levels. It once again tested the $8,350 resistance area, where sellers emerged. A swing high was formed near $8,320 and recently the price started a downside correction.

There was a break below the $8,000 support and the 23.6% Fib retracement level of the last wave from the $6,631 low to $8,320 high. Moreover, there was a spike below the $7,800 level and the price tested the $7,600 support area. The 50% Fib retracement level of the last wave from the $6,631 low to $8,320 high also acted as a strong support. More importantly, the 55 simple moving average (4-hours) also acted as a support above $7,600. At the moment, the price is attempting a close below a crucial contracting triangle with support near $7,920 on the 4-hours chart.

If there is a proper close below the $7,900 support, there are chances of more losses. An immediate support is at $7,840 and the 55 SMA. Any further losses are likely to push the price towards the main $7,640 and $7,600 support levels. On the upside, the triangle resistance is near the $8,000 level, above which there are chances of more gains. The next key resistance is near the $8,180. Having said that, the bulls need to clear the $8,350 barrier for a fresh rally towards the $8,500 and $8,800 levels.

Looking at the chart, bitcoin price is clearly facing a strong barrier near the $8,350 level. If the price continues to struggle near the $8,350, there are chances of a sharp drop in the short term.

Technical indicators

4 hour MACD - The MACD is losing momentum in the bullish zone.

4 hour RSI (Relative Strength Index) - The RSI is currently above the 50 level, with a flat structure.

Key Support Levels - $7,800 and $7,600.

Key Resistance Levels - $8,000, $8,200 and $8,350.

The post Bitcoin Price Analysis: BTC Remains Attractive, $8,350 Holds

#bitcoin #cryptocurrency #altcoins

Most EXPLOSIVE Bitcoin Opportunity 2021 (In Depth Bitcoin Mining Analysis). (HOT NEWS!!)

Volcanoes! No, this isn’t a flashback to your eighth-grade science project. President of El Salvador, Nayib Bukele, is proposing harnessing the geothermal power of volcanoes to mine Bitcoin in his country.

Believe it or not, this idea isn’t just to make the news of El Salvador using Bitcoin as legal tender even more explosive than it already has been. It’s a truly sustainable energy source that El Salvador already uses, and it may be the key to unlocking a green future for mining Bitcoin.

0:00 Intro
0:52 El Salvador, Crypto, Geothermal Energy
3:07 Why Geothermal?
4:52 How much energy mining needs
6:35 Closing thoughts
📺 The video in this post was made by BitBoy Crypto
The origin of the article: https://www.youtube.com/watch?v=NXEGZB5RbDc
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!
☞ **-----CLICK HERE-----**⭐ ⭐ ⭐
Thanks for visiting and watching! Please don’t forget to leave a like, comment and share!

#bitcoin #blockchain #most explosive bitcoin opportunity 2021 #depth bitcoin mining analysis #most explosive bitcoin opportunity 2021 (in depth bitcoin mining analysis) #bitcoin opportunity 2021

Fannie  Zemlak

Fannie Zemlak

1596816000

Savage Bitcoiners Volume 1: Interview with Psychedelic Bart

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Originally published on Citadel21.com April, 21 2020

NamePsychedelic Bart a.k.a. Psycho Bart

Country: United States

**How long have you been into Bitcoin and what got you interested? **

I’ve been into Bitcoin since 2013. I was initially drawn to BTC because I was a volatility junkie and I saw an opportunity to make more fiat. Over the years, I started to look into it more, take it seriously, and accumulate. Once you’ve figured out that Bitcoin is unstoppable, you’re deep in the rabbit hole.

How did you come up with your alias and why don’t you use your real name?

I came up with “Psychedelic Bart” because I grew up loving The Simpsons, Bart’s alter-ego El Barto, and Rob “Killer Acid” Corradetti’s artwork. I don’t use my real name because I value privacy.

Best Bitcoin experience and worst Bitcoin experience?

Best Bitcoin experience – befriending intelligent Bitcoiners over the years. It’s the best when you find people that are on the same wavelength as you. Worst Bitcoin experience – losing Bitcoin to trading shitcoins and leverage. I’ve learned my lesson.

What is the biggest fail you have ever seen in the Bitcoin world?

Mt. Gox. I didn’t get Goxxed but too many Bitcoiners got rekt from the shitty exchange. Learn from this and HODL YOUR OWN BTC.

What do you think about the Bitcoin markets volatility this last year?

Meh. You have to get used to the volatility because Bitcoin is still a new asset or else you’ll never make it out alive.

What are your thoughts on the upcoming halving and how will it affect price?

Not priced in! Most people still have no clue what Bitcoin is and the power it has. Bitcoin will moon again – it was designed to.

What is the biggest threat of COVID to the economy?

Government overreach destroyed Main St. and many small businesses.

What are your thoughts about the US Federal Reserve injecting so much money into the economy because of COVID?

Bbrrrrrrrrrrr.

How do you think this affects Bitcoin?

Anyone with a clue knows that the Fed is addicted to printing money and they’re not going to stop. More people are beginning to learn that Bitcoin is the best hedge.

Why do you think some people, especially noobs gravitate to shitcoins?

False advertising and unit bias. Shitcoiners lie and most people (even the really smart ones) are turned off from Bitcoin’s price.

What do you think most shitcoiners miss about Bitcoin?

That Bitcoin is light years ahead of everything else. Most people fall for the shitcoins’ marketing gimmicks, but when you take the time and figure out what the truth is, you’ll go all into BTC.

What do you have to say to shitcoiners who claim Bitcoin will fail?

Shitcoiners talk out of their asses all the time. I love this legendary quote: “If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry” - Satoshi Nakamoto.

**Who is the biggest Bitcoin sell out that deserves to be put on blast? **

Trace Mayer. Imagine building your reputation for years, then ruining it in a span of weeks with Mimblewimble Coin and other nonsense.

**Who are some of the most hardcore Bitcoiners you know and why? **

The most hardcore Bitcoiners are the ones that build, code, and HODL. Nothing beats skin in the game. Big shoutout to the contributors who write and review code.

**What Bitcoin startups or companies are you most excited about? **

Too many LOL. Coinkite, BTCPay, Samourai, Wasabi, River Financial, Unchained Capital, Cash App, Swan Bitcoin, LN Strike, Lolli, Fold App, Blue Wallet, myNode, Casa, and much more.

**What are your goto Bitcoin storage options? **

Coldcard Wallet. I recommend using it with a long passphrase for most people, multisig for the advanced crowd.

Any tips you want to give to people new to Bitcoin?

HODL your own keys, get used to the volatility, and dollar cost average.

Name some of your favorite information sources and/or podcasts in the space.

Stephan Livera, Tales from the Crypt, John Vallis’s Rapid-Fire podcast, Fun with Bitcoin podcast, Bitcoin Pleb Talk podcast, bitcoin-only.com, and of course Bitcoin Twitter.

Any last words of wisdom?

Think for yourself and never give up your freedom.

For more Bitcoin Articles check out www.citadel21.com!

Pirate Beachbum_ has been into Bitcoin since 2014 and doesn’t consider himself anyone special. Over the years he has written dozens of articles about Bitcoin, and interviewed many of the top minds in the space. Most people know him from co-founding a rogue group of Bitcoiners, who call themselves the Bitcoin Taco Carnivore Plebs, with his good friend Hodlonaut._

#bitcoin #savage-bitcoiners #citadel21 #hackernoon-top-story #bitcoin-spotlight #bitcoin-maximalism #bitcoin-price #btc

John Garcia

John Garcia

1624207020

El Salvador's New Bitcoin Citizenship By Investment Program + Passport - CBI for 3 BTC?

Today we discuss El Salvador’s recent moves to adopt bitcoin as legal tender and implement a new citizenship by investment program where investors will be able to acquire the passport with just 3 BTC. I explain my thoughts on this move from a global perspective with other countries looking for safe havens against the continued decline in fiat currencies and how Bitcoin can provide a first mover advantage opportunity for those willing to take on some of the political and economic risk it may bring in the short term. We also review the passport, geographical location, history of the old currency & some important things to keep in mind as far as safety goes in El Salvador. Enjoy!
📺 The video in this post was made by Invest Global
The origin of the article: https://www.youtube.com/watch?v=tgTYSuzbzQE
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!
☞ **-----CLICK HERE-----**⭐ ⭐ ⭐
Thanks for visiting and watching! Please don’t forget to leave a like, comment and share!

#bitcoin #blockchain #btc #el salvador's new bitcoin citizenship #cbi for 3 btc #el salvador's new bitcoin citizenship by investment program + passport analysis - cbi for 3 btc?