Bitcoin Chart and Technical Analysis

The Bitcoin chart catalogue below is an aggregation of the Technical Analysis and Outlook published ideologies in the TradingView platform whenever TradeSelecter.com posts new cryptocurrency currency market developments that become known.

Bitcoin is a cryptocurrency (virtual currency) that acts as a form of money in a state of payment beyond the control of any individual, crowd, or entity, hence dismissing the need for third-party participation in financial transactions. It's compensated to blockchain miners for the job done to prove transactions, and cryptocurrency can be bought on several global exchanges - Click on the link below to access the chart and ''Update Idea.''

Bitcoin Daily Chart Analysis For Week of September 22, 2023

This week, Bitcoin did a backflip and created a new Mean Res 27200, with a substantial drop-down anticipation to our strategic Mean Sup 25100 and Outer Coin Dip 24200, as we anticipate a retest of the Mean Res 27200.

Bitcoin Daily Chart Analysis For Week of September 15, 2023

This week, the price action of Bitcoin made a strong recovery after reaching our Mean Support 25100. It is possible that it may continue to rise towards our Mean Resistance 27800. However, it may drop down to our strategic Outer Coin Dip 24200, as we anticipate a retest of the Mean Support 25100.

Bitcoin Daily Chart Analysis For Week of September 8, 2023

This week, Bitcoin churned at our completed Outer Coin Dip 25600, indicating bias to move downwards crucial support targets: Mean Sup 25100 and 24300 along with Next Outer Coin Dip 24200. Pivotal Rebound Retest is also in play.

Bitcoin Daily Chart Analysis For Week of September 1, 2023

On August 23, Bitcoin made a significant recovery and reached our Mean Resistance level. The next target on the downward movement is the Outer Coin Dip, which is at 24200. There is a strong chance that the Mean Resistance 27800 level may be retested.

Bitcoin Daily Chart Analysis For Week of August 25, 2023

This week, Bitcoin surpassed two key targets: Outer Coin Dip 28200 and 26900, indicating that the next Outer Coin Dip 24200 is likely, with the Mean Res 26650 serving as a temporary support for price action. However, an extension to Mean Res 27800 should not be dismissed.

Bitcoin Daily Chart Analysis For Week of August 18, 2023

As per Trade Selecter projection, Bitcoin's prices have plummeted, destroying Outer Coin Dip 28900, 28200, and 26900, respectively, and completing Outer Coin Dip 25600. The downward trend continues with Mean Sup 25100 and Next Outer Coin Dip 24200, but a strong rebound is possible with Mean Res 27800 as a target.

Bitcoin Daily Chart Analysis For Week of August 11, 2023

To its price action, Bitcoin experienced a "dead cat bounce," as projected by Trade Selector. Its current trajectory points to resuming the retest of the completed Outer Coin Dip 28900 and moving towards the next Outer Coin Dip 28200 and 26900, respectively. However, another jump toward the Mean Res 30050 level is also possible in this reactionary market.

Bitcoin Daily Chart Analysis For Week of August 4, 2023

This week, the price action of the coin remained stagnant between the Outer Coin Dip 28900 and Mean Res 30050 levels. This suggests it might decrease further towards the Outer Coin Dip levels of 28200 and 26900. However, there is also a possibility of a dead-cat rebound towards the Mean Res 30050 level.

Bitcoin Daily Chart Analysis For Week of July 28, 2023

This week, the coin's price action fell below our Mean Support level of 29900, indicating that it may continue to decrease towards the next Outer Coin Dip levels of 28200 and 26900. However, a dead-cat rebound toward the Mean Resistance level of 30050 is not ruled out.

Bitcoin Daily Chart Analysis For Week of July 21, 2023

This week, the coin just churned about our Mean Sup 29900. Any attempt to develop a sustainable upside move is laying on contingency by completing and retesting Mean Sup 28700.

Bitcoin Daily Chart Analysis For Week of July 14, 2023

This week, the coin completed our Outer Coin Rally 31700 and re-traced severely hard to Mean Sup 29900. there's also a chance it will drop significantly to Mean Sup 28700 before recovering. On the upside, the coin might take a swift upward move to retest the completed Outer Coin Rally 31700 and Key Res 31500.

Bitcoin Daily Chart Analysis For Week of July 7, 2023

This week, the coin retested our Mean Sup 29900 and is currently fluctuating unpredictably. The price will likely go up to finish Outer Coin Rally 31700, but there's also a chance it will drop significantly to Mean Sup 28700 before recovering.

Bitcoin Daily Chart Analysis For Week of June 30, 2023

The coin following the completion of the Inner Coin Rally 30500 is gyrating between the newly created Mean Res 30800 and Mean Sup 29900, suggesting its higher price advancement. The upcoming primary target is Outer Coin Rally 31700, along with Key Res of the same price. We may be experiencing a brief pause before the next Outer Coin rally, 34000, based on the current trend. Alternatively, prices could drop significantly to Mean Sup 28700 before rebounding.

Bitcoin Daily Chart Analysis For Week of June 16, 2023

The coin has invalidated our completed Inner Coin Dip 25800 and Mean Sup 25700. Doing so opened the down trading area envelope to Outer Coin Dip 23950. However, a reignited rally might take us to Mean Res 27300 and Mean Res 28250, respectively. Trade Selecter will closely monitor any updates and share any valid confirmation with you.

Bitcoin Daily Chart Analysis For Week of June 9, 2023

The coin has reached the Retest Dip price furiously banging on our completed Inner Coin Dip of $25,800 and Mean Sup $25,700 with follow-up today (Sat., June 10). However, we anticipate a significant shift in the market with the Restart of the Pivotal Rally, which could lead to a return to the mean Res $27,300 or even Mean Res $28,250. In the event of failure, the Continuation of the Down Trend will target our Outer Coin Dip of $23,950.Viewing the Pivotal rally prediction is based on the current price action, notwithstanding confirmation from the Trade Selector that will be given before implementing any strategies.

Bitcoin Daily Chart Analysis For Week of June 2, 2023

In this week's session, the coin has achieved the projected prices of Mean Res $27,500 and Mean Res $28,750 as outlined in the Daily Chart Analysis for the Week of May 26. Based on the current price action, the coin will likely test the Inner Coin Dip of $25,800 and potentially make a significant drop to the Outer Coin Dip of $23,950. The upside potential will address the Mean Res $28,250 as a ''Do That To Me One More Time''.

Bitcoin Daily Chart Analysis For Week of May 26, 2023

During this week's trading, the coin has successfully retested the Inner Coin Dip zone and is now expected to bounce back towards the newly established Mean Res $27,500 target. Furthermore, it is anticipated to continue its upward movement towards Mean Res $28,250 in the upcoming week, thereby reigniting the price action upward direction.

Bitcoin Daily Chart Analysis For Week of May 19, 2023

Throughout the week, the coin's prices remained relatively stable, fluctuating between the Completed Inner Coin Dip of $25,800 and the Mean Res of $27,650. However, the emergence of a new, less significant Mean Sup of $26,750 indicates the possibility of a drop in price to the Inner Coin Dip of $25,800 or even lower to the Outer Coin Dip of $23,950. Conversely, there is currently no indication of an increase in price action to and beyond the Mean Res of $27,650 and $28,250.

Bitcoin Daily Chart Analysis For Week of May 12, 2023

During the week, the coin experienced a price decrease and completed an Inner Coin Dip of $25,800. However, the current price action indicates a likely increase to Mean Res $27,650 and even Mean Res $28,250. If the price continues to fall, it may reach an Outer Coin Dip of $23,950.

Bitcoin Daily Chart Analysis For Week of May 5, 2023

Throughout the week, the coin remained steady between our Mean Res $30,500, Intermediate Coin Rally of the same, and Mean Sup $27,000. It established a new soft Mean Res at $29,500 and a strong Mean Sup at $28,000, which most likely will be retested. This price action indicates that there will be robust progress in reaching the Next Outer Coin Rally point of $31,700 and, ultimately the Main Outer Coin Rally at $34,000.

Bitcoin Daily Chart Analysis For Week of April 28, 2023

The coin made a significant pullback to our Mean Sup of $26,900, which was achieved with a substantial price increase following the Mean Res and Intermediate Coin Rally levels of $30,500, which is in process. This will be followed by a further boost to reach the Next Outer Coin Rally point of 31,700 and, eventually, the Main Outer Coin Rally point of $34,000.

Bitcoin Daily Chart Analysis For Week of April 21, 2023

The rally of the coin price has reached $30,500, which completes the Intermediate Coin Rally with a strong Mean Res at the same price. A significant pullback is underway, with the price declining toward the Mean Sup of $26,900.There is expected to be a substantial increase in the price, leading to a retest of the Mean Res and Intermediate Coin Rally levels of $30,500. This will be followed by a further boost to reach the Next Outer Coin Rally point of 31,700 and, eventually, the Main Outer Coin Rally point of $34,000. Stay tuned for further price action.

Bitcoin Daily Chart Analysis For Week of April 14, 2023

The coin price action exploded through our completed Intermediate Outer Coin Rally of $29,200, Key Res $29,900, and Outer Coin Rally of $30,000 earlier this week's session, as flagged since Daily Chart Analysis for March 17. Current price action suggests a solid rally to Outer Coin Rally and Key Res $31,700. On the downside, Mean Sup is $29,800, the primary target.

Bitcoin Daily Chart Analysis For Week of April 7, 2023

The coin price action blitzed under its completed Intermediate Outer Coin Rally of $29,200 and strategic pullback to Mean Sup $29,900 this week. Current price action suggests a vital decline to Mean Sup $26,900. The upside target scenario is the Outer Coin Rally of $30,000, and the extension to the Outer Coin Rally of $31,700 and Key Res of the same price is not viable now.

Bitcoin Daily Chart Analysis For Week of March 31, 2023

The coin repeated its completed Intermediate Outer Coin Rally of $29,200 and strategic pullback to Mean Sup $29,900 this week. Also, current price action indicates a possible rinse and repeat of the trading envelope. The upside target scenario is the Outer Coin Rally of $30,000 and an eye on the following extension to the Outer Coin Rally of $31,700 and Key Res of the same price.

Bitcoin Daily Chart Analysis For Week of March 24, 2023

With the completed Intermediate Outer Coin Rally of $29,200, the coin is retreating to Mean Sup $26,200. The current upside target is the Mean Res $28,400, a retest of the Intermediate Outer Coin Rally of $29,200, and fulfillment of the next destination, an Outer Coin Rally of $30,000.

Bitcoin Daily Chart Analysis For Week of March 17, 2023

With the completed downfall to our Completed Outer Coin Dip of $19,700 on March 10, the coin rebounded strongly to an Outer Coin Rally of $26,000 and $27,000, respectively, as shown on the Daily Chart Analysis Update For the Week of February 17. The current upside target is the Intermediate Outer Coin Rally of $29,200 and Outer Coin Rally of $30,000 - The Mean Res $31,700 might be possible this week. Once these completed rallies are verified and validated by Trade Selecter System, we will see the pullback to Mean Sup $26,200.

Bitcoin Daily Chart Analysis For Week of March 10, 2023

The coin continued to downfall passed our Mean Supports of $21,500 and $20,476 this week to complete the Outer Coin Dip of $19,700. Once this completed knockdown is verified and validated by Trade Selecter System, we will see the rebound - the initial target of Mean Res of $20,900 with a possible extension to Mean Res of $22,500. The rally to Key Res of $25,000 and the Outer Coin Rally of $26,000 is postponed until further notice.

Bitcoin Daily Chart Analysis For Week of March 3, 2023

The coin continues our technical analysis scenario from the previous week showing an earmark move to Mean Sup $21,500 as a primary destination. Once this knockdown market cools off, we will see a resurgence to the upside - the initial target of Mean Res of $23,600 with a solid rally to Key Res of $25,000 and the strong possibility to Outer Coin Rally of $26,000.

Bitcoin Daily Chart Analysis For Week of February 24, 2023

After hitting our Key Res $24,500, as shown on the Bitcoin Daily Chart Analysis Update For the Week of Feb 17, the coin is retreating aggressively, striking our target of the Mean Sup $23,500 as marked and showing an earmark move to Mean Sup $21,500. Once this puppy settles down, we will see a resurgence to the upside - the initial target of Key Res $25,000 with a rally all the way to the Outer Coin Rally of $26,000 and the Extended Outer Coin Rally of $27,000 targets.

Bitcoin Daily Chart Analysis For Week of February 17, 2023

The coin is resting comfortably at our Key Res $24,500, as shown on the Bitcoin Daily Chart Analysis Update For the Week of Feb 16. We expect a pullback to our Mean Sup $23,500 for this week's price action. Once this puppy settles down, we will see a resurgence to the upside - the initial target of Key Res $24,500 (Retest) with a rally all the way to the Outer Coin Rally of $26,000 and Soon-To-Be the Outer Coin Rally of $27,000 outcome.

Bitcoin Daily Chart Analysis For Week of February 10, 2023

Bitcoin hit our initial progressive pullback Mean Sup $22,500 and extended a retreat to Mean Sup $21,500 on Friday as shown on Bitcoin Daily Chart Analysis For the Week of Feb 3. Once this puppy flushed out weak-longs, resumption to the upside shows the initial target of Mean Res $22,650 with a possible rally all the way to the Mean Res $23,300 and $24,000 - this week.

Bitcoin Daily Chart Analysis For Week of February 3, 2023

Bitcoin extended a progressive rebound to a new Mean Res $24,000 - with the expectation of a pullback to the Mean Sup $22,500 and, possibly, an extension to Mean Sup $21,500. Once this puppy flushes out weak-longs, resumption to retest the Mean Res $24,000 and the Key Res $24,500 is imminent with a rally all the way to the Outer Coin Rally of $26,000.

Bitcoin Daily Chart Analysis For Week of January 27, 2023

The coin hoovered under our completed with conformation Outer Coin Rally of $23,300 throughout the week - expect a pullback to the newly created Mean Sup $22,500 and, as a bonus, Mean Sup $21,500. Once this puppy flushes out weak-longs, resumption to retest the Outer Coin Rally of $23,300 and $26,000 is inevitable.

Bitcoin Daily Chart Analysis For Week of January 20, 2023

Bitcoin completed the Outer Coin Rally of $21,200 and Key Res $ 21,300 on January 14 and stayed very near the outcome throughout the week - busting through on Friday with follow-through on Saturday to complete the interim Outer Coin Rally of $23,000 (Not shown 60 min chart). The pending confirmation is in the process - Once confirmed, the pullback to Mean Sup $20,600 is inevitable. Once this puppy settles down, we will see a resurgence on the upside to finalize the Outer Coin Rally of $26,000.

Bitcoin Daily Chart Analysis For Week of January 13, 2023

Bitcoin surged above $21,000 on Saturday for the first time in two months as the crypto rammed through our Mean Res $17,000, Mean Res $17,800, Mean Res $18,500, and Outer Coin Rally $19,100 throughout the week. The price action signifies a completed Outer Coin Rally of $21,200 (Not shown - 60 min chart) and significant Key Res $21,300 first introduced Bitcoin Daily Chart Analysis For Week of Nov 11. We expect a pullback to the newly created Mean Sup of $18,800. Once this puppy settles down, we will see a resurgence on the upside to retest the Outer Coin Rally of $21,200.

Bitcoin Daily Chart Analysis For Week of January 6, 2023

Bitcoin bounced closer to our Mean Res $17,000 throughout the week. The retest of the Key Sup $15,850 is a toss-up. This puppy may break from the current position to create upward action to Mean Res $17,800, Mean Res $18,500, and Outer Coin Rally $19,100.

Bitcoin Daily Chart Analysis For Week of December 30, 2022

The euro-dollar has formed a new strong Mean Sup 1.058. The prevailing up path to the Key Res $1.078 is ongoing with the current market sentiment. However, be aware there is the possibility that this puppy may break downwards from the current position to reignite upward action as specified above.

Bitcoin Daily Chart Analysis For Week of December 23, 2022

Bitcoin stays put above our Mean Sup of $16,400. The upward movement is in the process to Mean Res $17,800, extending to Mean Res $18,500 with high degree aftermath. The retest of the Key Sup $15,850 is continuously low at this time, pending the above scenario being played out.

Bitcoin Daily Chart Analysis For Week of December 16, 2022

Bitcoin diligently retreated to our Mean Sup $17,600 as specified on Bitcoin ( BTC /USD) Daily Chart Analysis For the Week of Dec 9. The upward movement is in the process to newly created Mean Res $17,800, extending to Mean Res $18,500 with a high degree aftermath. The retest of the Key Sup $15,850 is the low probability at this time, pending the above scenario being played out.

Bitcoin Daily Chart Analysis For Week of December 9, 2022

Bitcoin is continuously (Very slowly) advancing toward our leading destination of the Mean Res $17,600 and subsequently to the Outer Coin Rally of $19,100: However, the pullback to Mean Sup $16,700 is very much likely before further upward advancement. The retest of the Key Sup $15,850 is low at this time, pending the above scenario being played out. Of course, the question is always “Which way will this puppy break from the current position?”

Bitcoin Daily Chart Analysis For Week of December 2, 2022

Bitcoin continuously (Slowly) advancing towards our leading destination of the Mean Res $17,600 and subsequently to the Outer Coin Rally of $19,100. The down-trend retest to Key Sup $15,850 is low at this time, pending the above scenario being played out. The next Outer Coin Dip of $12,400 outcome in the foreseeable future is pending.

Bitcoin Daily Chart Analysis For Week of November 25, 2022

Bitcoin has repeated bounce from our Key Sup $15,850 on Nov 21. The coin is currently positioned to punch to the Mean Res $17,600 and subsequently to Outer Coin Rally $19,100. The down-trend projects for the next Outer Coin Dip of $12,400 in the foreseeable future are being delayed.

Bitcoin Daily Chart Analysis For Week of November 18, 2022

Bitcoin has completed our designated Outer Coin Dip of $15,500, as shown since Bitcoin Daily Chart Analysis For June 17. As a result, a massive rally was staged, creating Mean Res $17,600 launching from Key Sup $15,850 for an upcoming upside move with an additional Outer Coin Rally marked at $19,100. The down-trend projects the next Outer Coin Dip of $12,400 in the foreseeable future.

Bitcoin Daily Chart Analysis For Week of November 11, 2022

Bitcoin has completed our designated Outer Coin Dip of $15,500, as shown since Bitcoin Daily Chart Analysis For June 17. As a result, a massive rally was staged, creating Mean Res $17,600 launching from Key Sup $15,850 for an upcoming upside move with an additional Outer Coin Rally marked at $19,100. The down-trend projects the next Outer Coin Dip of $12,400 in the foreseeable future.

Bitcoin Daily Chart Analysis For Week of November 4, 2022

Bitcoin Daily Chart Analysis For Week of October 28, 2022

Bitcoin Daily Chart Analysis For Week of October 21, 2022

Bitcoin Daily Chart Analysis For Week of October 14, 2022

Bitcoin Daily Chart Analysis For Week of October 7, 2022

Bitcoin Daily Chart Analysis For Week of September 30, 2022

Bitcoin Daily Chart Analysis For September 23, 2022

Bitcoin Daily Chart Analysis For September 16, 2022

Bitcoin Daily Chart Analysis For September 9, 2022

Bitcoin Daily Chart Analysis For September 2, 2022

Bitcoin Daily Chart Analysis For August 26, 2022

Bitcoin Daily Chart Analysis For August 19, 2022

Bitcoin Daily Chart Analysis For August 12, 2022

Bitcoin Daily Chart Analysis For August 5, 2022

Bitcoin Daily Chart Analysis For July 29, 2022

Bitcoin Daily Chart Analysis For July 22, 2022

Bitcoin Daily Chart Analysis For July 15, 2022

Bitcoin Daily Chart Analysis For July 8, 2022

Bitcoin Daily Chart Analysis For July 1, 2022

Bitcoin Daily Chart Analysis For June 24, 2022

Bitcoin Daily Chart Analysis For June 17, 2022

Bitcoin Daily Chart Analysis For June 10, 2022

Bitcoin Daily Chart Analysis For June 3, 2022

Bitcoin Daily Chart Analysis For May 27, 2022

Bitcoin Daily Chart Analysis For May 20, 2022

Bitcoin Daily Chart Analysis For May 13, 2022

Bitcoin Daily Chart Analysis For May 6, 2022

Bitcoin Daily Chart Analysis For April 29, 2022

Bitcoin Daily Chart Analysis For April 22, 2022

Bitcoin Daily Chart Analysis For April 15, 2022

Bitcoin Daily Chart Analysis For April 8, 2022

Bitcoin Daily Chart Analysis For April 1, 2022

Bitcoin Daily Chart Analysis For March 25, 2022

Bitcoin Daily Chart Analysis For March 18, 2022

Bitcoin Daily Chart Analysis For March 11, 2022

Bitcoin Daily Chart Analysis For March 4, 2022

Bitcoin Daily Chart Analysis For February 25, 2022

Bitcoin Daily Chart Analysis For February 18, 2022

Bitcoin Daily Chart Analysis For February 11, 2022

Bitcoin Daily Chart Analysis For January 31, 2022

Bitcoin Daily Chart Analysis For January 28, 2022

Bitcoin Daily Chart Analysis For January 21, 2022

Bitcoin Daily Chart Analysis For January 14, 2022

Bitcoin Daily Chart Analysis For January 7, 2022

Bitcoin Daily Chart Analysis For December 31, 2021

Bitcoin Daily Chart Analysis For December 18, 2021

Bitcoin Daily Chart Analysis For December 11, 2021

Bitcoin Daily Chart Analysis For November 28, 2021

Bitcoin Daily Chart Analysis For November 20, 2021

Bitcoin Daily Chart Analysis For November 13, 2021

  • November 16, 2021 ''Update Idea'' post.

Bitcoin Daily Chart Analysis For November 8, 2021

Bitcoin Daily Chart Analysis For October 6, 2021

  • October 8, 2021 ''Update Idea'' post.
  • October 13, 2021 ''Update Idea'' post.

Bitcoin Daily Chart Analysis For October 16, 2021

Bitcoin Daily Chart Analysis For October 23, 2021