Week 15 BTC Bitcoin Analysis

by Apr 10, 2023Bitcoin Weekly Analysis, Weekly Analysis0 comments

For approximately three weeks, Bitcoin has been bouncing between $27,000 and $29,00; throughout this time, it has formed a triangle (flag). Price compression within this triangle means there will be a sharp and rapid movement once it exits the triangle. There is no particular sales pressure from the whales about on-chain data in Week 15 BTC Bitcoin Analysis. On the other hand, the market’s ambivalence is demonstrated by the balance between short and long trades.


Technically speaking, the divergence generated in January and in the daily time of the price has not yet been broken and is getting worse by the second, increasing the likelihood of a price correction more than its upward trend.


Naturally, if the price is rectified, it will rapidly bounce back and increase again. The USDT chart makes this analysis evident. After the pullback, USDT will rebound to the 8% level, at which point it will fall to the broken ascending channel and face market growth. The expiry of Option contracts, which raises market pressure, is another significant event this Week 15 BTC Bitcoin Analysis that was not the case in the past weeks.

See also  Week 9 Altcoins Analysis


Submit a Comment

Your email address will not be published. Required fields are marked *

Related Post

Weekly Altcoins Analysis 2023

Weekly Altcoins Analysis 2023

May 29 Altcoins Analysis Regarding altcoins, due to the downward movement in front of Bitcoin and the reduction of BTC.D, altcoins will rise somewhat. As mentioned in last week's analysis, we saw the pump of some altcoins; this week also, this will happen to the...

Weekly Bitcoin Analysis 2023

Weekly Bitcoin Analysis 2023

May 29 Bitcoin Analysis According to last week'sBitcoin Analysis, Bitcoin reacted to the $26,000 area and attacked the $28,000 area again. But due to the inability of buyers and the low volume of transactions, it is currently unable to break the resistance of the...

Week 18 Altcoins Analysis

Week 18 Altcoins Analysis

Week 18 Altcoins Analysis, we anticipate a gradual fall from Bitcoin to the $24,000 region, as indicated in the BTC analysis. This head and shoulders pattern is being completed by BTC.D, which is also in the 4-hour time frame at the rising channel's ceiling. As a...