Bitcoin reached the first target price on a macro view.

The monthly close is coming tonight and so far it’s looking amazing so, with this close, we have a real chance of seeing $10 000+ in May.

After weekly closure, Bitcoin is targeting TP1 and TP2 this week.

Previously mentioned, this aligns with a monthly timeframe that targets $10 500 so currently, Bitcoin is looking good.

While $7700 is the main support area, Bitcoin shouldn’t retrace that much.

The lowest it can go is to $8200-8300.

If it goes below that and stays there, it isn’t good at all.

It was accumulating between $6.5k and $7.5k for around 3 weeks and once it broke out, big pullbacks are not expected until the main target is reached.

Bitcoin is testing a second-time resistance area.

As mentioned in the previous post, after weekly closure that was bullish, this was expected and even more than this.

With the current price action, I expect at least a test of $9500’s high with high chances of seeing breakout.

The exact setup was shared in Premium Channel and we saw perfect test of the green support area.

If you want to become part of Premium Channel, contact @CryptoSignalsAdmin.

This is my forecast for the next 48h.

I expect a test of TP1 which is the first target for BItcoin on a macro perspective.

Ideal entry would be in the green zone as it’s the middle zone between support and resistance.

Bitcoin is mooning 🚀

After breaking TP1 at $9350, it’s on the way towards a second macro target.

With the current price action, it’s hard to imagine what will stop Bitcoin from at least spiking above $10 500.

Potentially trouble area can be $10 000 area which is last green weekly close before big March drop.

Generally, very strong. After shaking out everyone in March with the Covid-19 pandemic, it’s back up stronger than ever.

While moon boys were bullish, I was cautious.

Here you can see the post from my Premium Channel where I warn my members of the potential post-halving dump.

Actually, the dump happened way before and swept out a lot of longs from the market.

Once it happened, we should start looking for buys again. This will inject fear in the market but I think we will see $9000+ again very soon.

To remain bullish, bitcoin has to close above TP1 on the weekly timeframe.

In that case, we can expect a new week to see a spike towards TP2.

If Bitcoin loses support at $9.5k, we may see post halving dump that can goo all the way down to the support $7.7k.

I’m speaking in macro view but this is a long term range for Bitcoin and inn case of bearish close, we can expect to see at least test of the middle area which is around $8500-8600.

We should be very cautious because of potentially post halving dump because people will be buying and opening longs ignoring any technical sign which could be extremely risky.

Today is a very important milestone for the entire Bitcoin community.

Third Bitcoin halving is happening today which is expected to positively affect the price of Bitcoin in the long term.

After today’s halving, Bitcoin’s annual inflation rate will drop below Gold’s inflation rate which will make Bitcoin the asset with the lowest inflation in the world!

Happy halving to all Bitcoin holders 🚀

As I said in yesterday’s update, I expected BTC to be back to $9000 very soon.

In the next 24h be very cautious because no one really knows how Bitcoin will react to halving.

We can really see any scenario so I would personally avoid leverage position.

Holding Bitcoin and that’s it 🚀

What did I say a few weeks ago about halving and mining profitability?

They can easily increase transaction fees and the reward they will be getting will be quite similar to the reward they were getting before it.

The average fees cost per transaction was around $0.5 last 9-10 months and just before halving it skyrocketed to even $3.

It’s an increase of 6 times so don’t worry for miners and their profitability, they will always find the way to be above break even.

For those who don't know, miners get two types of reward: block reward and fees reward. Only the block reward will be halved but since transaction costs go up by 5-6 times, miners won't face with any losses due to Bitcoin halving.

What does this mean?

Bitcoin halving won’t decrease selling pressure by miners since they will have almost the same profitability.

Because of this, Bitcoin halving in short term can bring more harm than good to the price of Bitcoin.

Be careful, don’t long blindly without the proper setup.

Most likely scenario 😁

The best timeframe to look at the current situation is H4 where Bitcoin closed above resistance.

With that close, it targets at least the previous high but that move up can go all the way up to the TP2 which is the second target for Bitcoin on a macro view.

If Bitcoin closes back below TP1, it will target at least the middle of the range ($8800).

It’s expected now to see Bitcoin creating a small range between $9500 and $10 100. The break above would lead to TP2 and break below would lead to the middle of the big range ($8800)

Ripple is not 3rd coin on market cap anymore.

As Tether printed more than $2 billion worth of tokens, it’s market cap surpassed Ripple market cap.

The increase of 30% in the supply of Tether in a single day brought many questions.

Where this money is going? Are we going to see an increase in a buy action on Bitcoin or this was just to increase the liquidity of the cryptocurrency market?

Whatever the reason is, in the past, this had a positive affect on the price of Bitcoin.

For the first time in US history, we are facing the possibility of seeing negative interest rates at the beginning of 2021 😳

No this is not a joke, not only that you won’t get money by putting it in the banks, you will be charged for that service.

The predictions are pointing for further increase of negative interest rates in the rest of 2021 and 2022 so this won’t be a short-term problem.

This means that the government and banks want you to spend the money you have and invest back in the economy. This will definitely cause a lot of people to put money in real estate, stock market and hopefully cryptocurrency market.

Even though it seems that fear around the recent stock market dump is over, this seems to me that we are just waiting for an aftershock that will be even worse than the initial dump.

More than 35 million people filed for unemployment benefits and these people won’t get back to work as fast as they got laid off.

I was never more bullish on the cryptocurrency market than this time. The way it recovered and reacted to all the fear in the world is phenomenal.

Stay safe and keep holding!



https://youtu.be/Pwebo7J5mio

After closing above TP1 on a weekly timeframe, Bitcoin is targeting $10 500 as the next area of resistance.

This is kind of setup for a week ahead.

Keep in mind that the lower entry you get, you can slightly improve your overall risk-reward but I wouldn’t change TP and SL.

Try manipulating with entry to get as better RR as possible.

The first part of the week was exactly as I wanted.

We saw test of broken resistance and now if it will follow my macro analysis, we should target $10 500.

This is our swing trade setup from Premium channnel. If you want to become part of our Premium channel, contact @CryptoSignalsAdmin.

Bitcoin is back in the range and in these conditions it targets 2 areas.

The first one is in the middle of the range at around $8.6k and the main support area at $7.7.

Looking for these two areas for strength in order to open a long position.

The scenario for shorting will come in place if we come back to $9.3-9.5k and get rejected from resistance.

Then we will have a confirmation and we can take short to one of two mentioned support areas.