The Ultimate Guide to Bitcoin: Latest Updates and Expert Insights

I would like to share an updated perspective on Bitcoin from a weekly standpoint. Bitcoin's price has been trading within a range since June, as observed on the H4 & Daily time frames, indicating a bullish trend. However, the longevity of this trend remains uncertain due to significant barriers ahead. Despite the ongoing consolidation, I anticipate a bullish breakout and a continuation of the upward momentum. I am keeping a close eye on the potential re-entry of bears into the market once it reaches my Area of Interest (A.O.I). By analyzing multiple time frames, three out of four indicate a bullish sentiment. I am poised for a bearish takeover unless there is a clear breach above $45,600. Updates to follow as the price action unfolds. M - 🐻 W - 🐂 D - 🐂 H4 - 🐂

I expect the H4 to switch to a bearish trend before today's daily candle closes. If this occurs, which is quite probable, I will then monitor to see if the daily chart follows suit.

The H4 trend turned bearish on the 14th. It's worth monitoring if this bearish sentiment will spill over to other time frames. The daily chart also shows a bearish outlook. Market sentiment breakdown: Monday - 🐻 Wednesday - 🐂 Daily - 🐻 H4 - 🐻

I expect a minor upward movement towards the $30,547 - $30,600 range before resuming the downward trend. If price action manages to surpass $30,547, we might see a shift back to a bullish trend.

H4 is currently showing a bearish trend. A potential close below the $29610 level on the daily chart could signal a break of the daily range, possibly leading the price towards levels below $28000. The situation is worth monitoring closely.

Daily appears to be bearish at the moment. If the $26160 level is breached, it will signal a shift to a bearish trend on the weekly chart as well. This would indicate a bearish sentiment across all four time frames. 🤷‍♂️🐻👀

Price action is currently undergoing a corrective movement, a common occurrence following the breach of a significant level. It appears to be retracing towards the $30,230 - $30,550 range or potentially surpassing it to fill in some Immediate Market Buy (IMB) orders beyond the range. The outcome remains to be seen as the situation develops.

Please keep an eye on the price levels of $27,587 and $27,600. If it surpasses these levels, the next target to watch for is $26,160. 📈 #Cryptocurrency #CryptoNews

A bearish trend is currently observed on the M, D, and H4 timeframes, with a bullish trend on the W timeframe. The critical level to watch is $30230, a break of which could change the H4 trend from bearish to bullish. While a trend reversal is possible, I anticipate price to fill the immediate minor buying area below $30230 before potentially moving lower. Alternatively, a break below $30230 could also signal further downward movement.

H4 low has been breached to the downside, suggesting a retracement may be in the cards. A clear break above the $29,535 mark could signal a shift from bearish to bullish sentiment. My focus remains on potential bearish continuation.

P.A. has broken above the $29,535 level, indicating a potential shift in the H4 trend. However, this move could also be a liquidity sweep, particularly given the presence of significant sell orders resting above $29,535. In that case, I will be monitoring the $28,930 support level for a potential bearish continuation. Time will tell.

P.A. is currently positioned at the upper end of the curve at $29,795, indicating a potential downward movement if the lower level of $28,930 is breached. Conversely, breaking above $29,795 could lead to an upward trend, possibly shifting the H4 sentiment from bearish to bullish.

The H4 has turned bullish.

It appears that Bitcoin is poised for a further decline, with the first support level likely around $28,000. Additional insights will be shared at a later time.

Now that Bitcoin has continued its downward trend, I anticipate a possible retracement towards the $28000 - $28700 range before potentially heading further down to surpass the key low of $26160 on a weekly basis. A breakthrough of the $27100 mark could signal the beginning of a pullback phase. Alternatively, I will monitor the H4 level at $30000 to assess if it will transition to a daily flip. The future price movements remain uncertain, and we await further developments in the market.

1. With a bearish impulsive and descending pattern, the price action is revisiting broken daily structure and approaching the weekly key low. There is a potential for upward movement, although caution is advised.

P.A. respected the weekly low and may potentially reach the range of $28,685 - $29,100 before continuing downward. Alternatively, breaking above the $30,000 level could lead to further upward momentum. Time will tell...

P.A. has broken below the weekly key low, signaling a potential move towards the $22,000 level. This price point also aligns with a previous structure that has not been revisited. A significant retracement to the upside is expected before bearish momentum may reassert itself in the market.

I expect a bullish reversal to occur in the $25,000 - $25,350 range, signaling the start of a retracement phase. Despite the reluctance of many to acknowledge it, Bitcoin's price is currently in a high timeframe bearish trend. The prevailing price momentum favors bears unless there is a high timeframe trend reversal. In my opinion, the market sentiment remains bearish at this time. I am anticipating a significant pullback to push prices below $20,000 in the near future. Only time will tell how the market unfolds.

Bearish impulse followed by a descending channel typically signals a potential upward movement. Yet, I anticipate that the current bullish price action is merely a retracement until a shift occurs in the higher time frame. Time will reveal the outcome. Note: The critical weekly low remains unbroken, although the price is currently trading within its range.

Directional bias remains bearish across multiple timeframes - M, W, D, and H4. Despite this, it's important to note that Bitcoin is currently in a bear market. Any bullish movements should be approached with caution, especially for those considering counter-trend trading strategies. 📉

P.A. is responding to the weekly key low with a bullish engulfing pattern, leading to a bullish sentiment on the H4 chart at present.

IF this weekly closes as it is currently forming, there is potential for a strong bullish candle next week. The key weekly support is holding strong, and if the candle closes in its current state, a new Major Resistance Level (M.R.L.) could be established, signaling strong bullish momentum. The situation is worth keeping an eye on... $35200 👀

P.A. is currently range-bound between the $25000 support/resistance level and the 50% Potential Reversal Zone ($31860). There seems to be potential for an upward movement, but caution is warranted due to the resistance ahead. It won't be surprising if price encounters significant bearish pressure at a certain point, leading to a substantial downward correction. Let's observe how this situation unfolds in the coming weeks and months.

M - bearish W - bullish D - bullish H4 - bullish

Bullish momentum has been followed by the formation of what appears to be an ascending channel leading into a crucial area with bearish sentiment. It will be interesting to see how this situation unfolds.

The liquidity draw seems to be heading upwards, but it remains uncertain how long this trend will continue... 🧐🤷‍♂️

As previously mentioned, the liquidity draw has been to the upside, but there are indications that the tide may be turning soon. The current range to watch is between $45,570 and $48,240 for A.O.I. When the price reaches this range, I will be observing for short candle bodies, prominent top wicks, and the emergence of bearish momentum. These are just a few of the signals I am monitoring, although my overall sentiment remains bullish. I intend to wait for a corrective move to initiate before considering any buying opportunities. Ideally, I would like to see a retracement back towards the $31,230 level.

Okay, here is the range where I'm expecting bearish movement to come in: $45,190 - $45,750 Ideal Point: $45,570 Let's observe closely. 👀

This current market decline may signal the beginning of a retracement phase. The H4 key low is currently being breached, suggesting a potential continuation to the downside on the daily chart. Anticipating a brief rally on lower timeframes before the downward trend resumes. Stay vigilant!

It appears that the crucial high at $44,050 in the H4 chart is on the verge of being surpassed. Should this occur, the new significant low for consideration is within the range of $41,810 to $42,275. This suggests that the H4 trend remains bullish UNLESS the price breaks through and conclusively drops below this range.

Price successfully surpassed the crucial high on the H4 chart yesterday (12/23/23) and is currently making strides towards breaking the daily key high. The chart pattern seems to suggest the formation of a bullish uptrend followed by an ascending channel, which typically indicates a bearish trend. Nevertheless, there is a new key low and an impending Inverse Midas Breakout (IMB) positioned below, poised to potentially drive prices even higher. I am still anticipating a notable decline before a significant upward movement occurs. Only time will tell...

There was a breakout of the double tops pattern on the daily chart. If the price surpasses the mid-range levels, I would anticipate the $37,300 mark as the initial target area for the price.

P.A. is currently shaping an ascending channel on the daily timeframe. Keeping a close watch on this bearish signal. 📈🐻

The ascending channel that was highlighted on the 6th has now been breached to the downside. For more insights on this development, I encourage you to check out my latest commentary. I am currently monitoring a few A.O.I.s as the price continues its movement, with a focus on potential further downside continuation.

Key support level at H4 was breached, resulting in the formation of a fresh daily lower high. 🐻 #cryptocurrencynews #bearishmomentum

I predict that the price will likely retest the current lower high range of $43,185 to $43,600 before continuing its bearish trend. Let's wait and see how it unfolds.

Ladies and gentlemen, we might be on the brink of the retracement phase as the current price positioning in the market indicates. Key factors to consider include the sweep of daily highs, daily IMB, and H4 IMB after a downside break through crucial levels. It is advisable to await further price formation to ascertain the upcoming trend. The bears might be preparing for action. The unfolding events will reveal the next market direction. 🐻

I'm patiently waiting for a retracement, aiming for the break below $49,387. Could this signal the beginning of the long-awaited correction? While I don't claim to have all the answers, time will ultimately reveal the truth. Let's watch and wait together...

I'm expecting the price to drop below $50,000 and then potentially reach $48,300. If this scenario plays out, I think that's when the retracement phase will kick in. Time will tell.

If the price action (P.A.) closes below $60,000, the next potential level to watch for is around $52,000. Keeping an eye on the market movements closely! 👀