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BITCOIN ANALYSIS BTC/USDT Bitcoin had been witnessing a tough tussle between the bulls and the bears near the 200-day simple moving average ($45,692) for the past few days. The bears pulled the price below the 200-day SMA on Aug. 17 but they could not break the 20-day exponential moving average ($44,183) support. Aggressive buying at the 20-day EMA pushed the price back above the 200-day SMA on Aug. 19. The rising 20-day EMA and the relative strength index (RSI) near the overbought territory indicate that bulls are in control. If buyers sustain the price above $48,144, the BTC/USDT pair could pick up momentum and rally to $51,500 where the bears may again mount a stiff resistance. If bulls can arrest the subsequent decline above the 200-day SMA, it will signal strength and increase the prospects of the continuation of the uptrend. A breakout of $51,500 could lay the tracks for a possible up-move to $60,000. This bullish view will invalidate if the price turns down and breaks below the breakout level at $45,451.67. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #bitcoinusa #bitcoinpump #bitcoinbullish #bitcoinpricedaily #bitcoinmining #bitcoinasia #bitcoindaily https://www.instagram.com/p/CS10YuFsobN/?utm_medium=tumblr

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BITCOIN ANALYSIS BTC/USDT Bitcoin (BTC) broke above the psychological barrier at $50,000 on Aug. 23, but the long wick on the day’s candlestick showed profit-booking at higher levels. The selling continued on Aug. 24 and on Aug. 25, which pulled the price down to the support line of the rising wedge pattern. The bulls are currently defending the support line. If the rebound sustains, the bulls will have another go at the overhead resistance zone of $50,000 to $50,500. If it clears this hurdle, the BTC/USDT pair may rally to the resistance line of the wedge. A breakout and close above the wedge will suggest strength and could attract further buying. That may clear the path for a rally to $60,000. The rising 20-day exponential moving average (EMA) ($46,014) and the relative strength index (RSI) in the positive zone indicate an advantage to buyers. This positive view will invalidate if bears sink the price below the 200-day simple moving average (SMA) ($45,977). That may result in a decline to $42,451.67. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #bitcoinusa #bitcoinpump #bitcoinbullish #bitcoinpricedaily #bitcoin #bitcoinexchange #bitcoinmining #bitcoinasia #bitcoindaily #bitcoinholders #bitcoinbillionaire #bitcoinprice #bitcoinprice #bitcoinnewsdaily https://www.instagram.com/p/CTBgu5yq9rk/?utm_medium=tumblr

BITCOIN ANALYSIS BTC/USD Last Saturday, the price of Bitcoin (BTC) consolidated in a narrow range at the $47,745 level. At some point, the pair broke through the resistance of $48,000, renewing the monthly high at $48,190, but sellers immediately brought the price down to the support of $46,000. On Sunday, another bearish momentum tried to push through the two-hour EMA55. But this level of average prices kept the pair from a deep pullback. At the beginning of this week, buyers again went to storm the resistance of $48,000. In case of a successful breakthrough of this milestone, the price of Bitcoin (BTC) this week might be able to test the psychological mark of $50,000. Bitcoin is trading at $47,283 at press time Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #bitcoinusa #bitcoinpump #bitcoinbullish #bitcoinpricedaily #bitcoinexchange #bitcoinmining #bitcoinasia #bitcoins https://www.instagram.com/p/CSpI2S1MTc7/?utm_medium=tumblr

BITCOIN ANALYSIS BTC/USDT Bitcoin is witnessing a tough battle between the bulls and the bears near the 20-day exponential moving average ($32,569). The bulls did not give up much ground on July 22, which is a positive sign. The relative strength index (RSI) has risen to just below the midpoint, indicating that the bearish momentum is weakening. If buyers push and sustain the price above the 20-day EMA, the BTC/USDT pair could rise to the 50-day simple moving average ($34,352). This level may attract selling from the bears but if bulls can overcome the resistance and push the price above it, the relief rally could rise to $36,670. Contrary to this assumption, if the price turns down from the 20-day EMA or the 50-day SMA, the bears will again try to sink the pair to $28,000. If they succeed, the pair could witness panic selling, clearing the path for a possible drop to $20,000. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #bitcoinusa #bitcoinpump #bitcoinbullish #bitcoinpricedaily #bitcoinexchange #bitcoindaily #bitcoinholders #bitcoin #bitcoins #bitcoinbillionaire https://www.instagram.com/p/CRs5ydesAjl/?utm_medium=tumblr

Bitcoin will go all the way to $160,000 this year,’ says Celsius CEO Although the price of Bitcoin (BTC) continues to hover around $30,000, industry experts are noting that there is a bullish long-term view. To put this into perspective, Alex Mashinsky, chief executive officer and co-founder of Celsius – the centralized cryptocurrency lending platform – told Cointelegraph at Bitcoin 2021 in Miami that he sees Bitcoin reaching $160,000 this year, or possibly a bit lower. “We haven’t seen the highs yet for 2021,” Mashinsky said. Mashinsky further remarked that the crypto market was bound for a correction, following Bitcoin’s recent all-time high of over $63,000: “When you go too high, too fast, you are bound for a correction. You can see my tweets in both March and February saying ‘we’re going to have a crash, we’re going to have a correction.’ I predicted $30,000. Bitcoin is like a spring – we stretch it too much and we put too much leverage. Too many people got greedy.” ‘Elon Musk is manipulating the market’ In addition to discussing the price of Bitcoin, Mashinsky commented on Elon Musk’s recent tweets about Bitcoin. According to Mashinsky, Musk is not helping the crypto community, but rather manipulating the market. As such, he noted that Musk is simply a “tourist” in the land of crypto. Mashinsky also noted that Tesla accepting Bitcoin payments will benefit Musk, but not consumers: “If the richest guy in the world is willing to exchange a Bitcoin for a Tesla, you have to ask yourself, who is getting the good deal? The minute you buy that Tesla, it's worth less than what you paid for it, but Bitcoin is going to continue to increase in value. So that transaction is good for Elon, but it's not good for you.” Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #bitcoinusa #bitcoinpump #bitcoinbullish #bitcoinpricedaily #bitcoinmining #bitcoinasia #bitcoins #bitcoindaily #bitcoinholders #bitcoinprice #bitcoinnewsdaily #bitcointrading #bitcoinvalue #bitcoinnews #bitcoin #bitcoinwewin #bitboycrypto #bitcoinbillionaire #bitcoinexchange #bitcointrade https://www.instagram.com/p/CQnGb30g8Mr/?utm_medium=tumblr

BITCOIN ANALYSIS BTC/USDT The long tail on Bitcoin’s June 22 candlestick shows strong buying in the $31,000 to $28,000 support zone. This was the fourth instance when buyers defended the support zone, hence this becomes an important area to watch out for. The relative strength index (RSI) has formed a bullish divergence, which suggests the sellers may be losing their momentum. If buyers drive the price above the 20-day exponential moving average ($36,260), the BTC/USDT pair could spend some more time between the $28,000 and $43,351.67 range. The longer the time spent inside this range, the stronger will be the eventual breakout from it. Contrary to this assumption, if the price turns down from the 20-day EMA, it will indicate that bears are selling on relief rallies. A break below $28,000 may result in panic selling, dragging the price to $20,000. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #bitcoinusa #bitcoinpump #bitcoinbullish #bitcoinpricedaily #bitcoin #bitcoinmining #bitcoinasia #bitcoins #bitcoindaily #bitcoinprice #bitcoinholders #bitcoinnewsdaily #bitcoinvalue #bitcoinnews #bitcoinwewin https://www.instagram.com/p/CQfJCu-g6jK/?utm_medium=tumblr