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 June 7, 2024

Bitcoin has completed our designated Intermediary Squeeze Rebound 71500 and is on its way to continue the downward movement to a Mean Sup 67500, where we are expecting a Bull Stage movement to take place to retest the Mean Res 71500 and Key Res 73200, respectively.

Bitcoin Daily Chart Analysis For Week of May 31, 2024

Bitcoin gyrated in this week's trading between our major Mean Sup 67100 and the newly created Mean Res 69400. The upward movement target shows a continuous target of Bull Stage Squzee Rebound 73200, marked as Key Res 73200. The main obstacles are Mean Res 69400 and 71500, respectively. On the downside, we look at the established Mean Support at 65000 as a concrete target before a renewed upswing occurs.

Bitcoin Daily Chart Analysis For Week of May 24, 2024

Bitcoin has broken through our Mean Resistance at 66900, completed our Inner Coin Rally at 69800, and then pulled back to the trading zone. The target for an upward movement is now set at the newly established Mean Resistance at 71500 and the aged Key Resistance at 73200. On the downside, we are looking at the newly established Mean Support at 67100 and a possible extension to Mean Support at 65000.

Bitcoin Daily Chart Analysis For Week of May 17, 2024

Bitcoin surged in this week's trading session as projected. The coin slammed through Mean Res 64000 and rests comfortably at Mean Res 66900 as of this writing. An intermediate pullback is anticipated, expected to pave the way for a renewed Bull Stage movement, with targets set on the Inner Coin Rally 69800, Key Resistance 73200, and beyond.

Bitcoin Daily Chart Analysis For Week of May 10, 2024

Bitcoin has consistently respected our Mean Res 64000 in this week's trading with the projected Intermediary Squzze Retest target to Key Sup 58300 and completed Inner Coin Dip 57200, which is in progress. This is expected to lead to a renewed Bull Stage movement, targeting the Mean Res of 64000, 66900, and beyond once again.

Bitcoin Daily Chart Analysis For Week of May 3, 2024

Bitcoin has completed our Inner Coin Dip 57200 and rebounded strongly with renewed strength. Currently, the main barrier to further upside move is marked at 64000. It is expected to experience a pullback to retest a Key Sup 58300, which will lead to renewed a Bull Stage movement targeting the Mean Res of 64000, 66900, and beyond.

Bitcoin Daily Chart Analysis For Week of April 26, 2024

Bitcoin's trading this week has been volatile, fluctuating around our Mean Resistance level of 65600. Our Key Support level of 61300 will likely soon be retested once again, which could serve as a launching pad for a new Bull Stage rally. The target for this rally would be the newly established Mean Resistance level of 66900 and beyond.

Bitcoin Daily Chart Analysis For Week of April 19, 2024

Bitcoin experienced a dynamic shift in price value during this week's trading. The cryptocurrency reached the Key Support level of 61300, an essential benchmark for determining its price. After hitting this level, Bitcoin rebounded vigorously and rose to the inverted resistance level derived from Mean Support at 65600. This upward trend is part of a larger strategy to position Bitcoin strategically for the upcoming "halving" event, which is set to occur around April 20th. However, stakeholders in the Bitcoin market are still at risk of a potential market decline, which could cause Bitcoin to fall to an Inner Coin Dip level of 57200. As such, investors and traders are encouraged to stay informed about market events.

Bitcoin Daily Chart Analysis For Week of April 12, 2024

This week's trading session Bitcoin completed the forthcoming Inner Coin Rally 72500, and as expected, the coin retraced to our designated Mean Sup 65600. Bitcoin is in the process of rebounding back to the 72500 scene of crime. On the downside, the market potential decline may occur, resulting in Bitcoin falling to Key Sup 61300 and an Inner Coin Dip 57200. The bull stage movement will arise from current price action or Key Sup 61300 and an Inner Coin Dip 57200, respectively.

Bitcoin Daily Chart Analysis For Week of April 5, 2024

In this week's price action, Bitcoin rapidly moved towards a Mean Support level of 66700 and, in the process, established a new Mean Support level of 65600. This new level is being used as a base to ignite the bullish trend further. Currently, the market is experiencing consolidation, with the expectation of moving toward reaching the Key Resistance level of 73200 and beyond. However, a potential decline may occur, resulting in Bitcoin falling to the Mean Support level of 65600.

Bitcoin Daily Chart Analysis For Week of March 29, 2024

Bitcoin has achieved a decisive breach of its weak Mean Resistance level 68400, and is now eying the completed Inner Coin Rally 72500 and significant Key Resistance level 73200. The market anticipates that attaining these levels will set in motion a major bull run, with the primary target being the Inner Coin Rally 78200 first. However, it is essential to note that a potential takedown may occur, which could result in a decline to 66700.

Bitcoin Daily Chart Analysis For Week of March 22, 2024

Bitcoin has dropped significantly from a Mean Sup of 65900 to a Mean Sup of 61300, where it is currently gyrating. The upcoming retest of the Mean Sup of 68400 will be crucial for continuing the bull run. However, before the bull run takes place, the coin might retest Mean Sup 61300 and, in the process, complete Outer Coin Dip 57200.

Bitcoin Daily Chart Analysis For Week of March 15, 2024

Bitcoin has reached our target, the Inner Coin Rally 72500. It has since dropped significantly and is now hovering around the newly established Mean Sup of 65900. The upcoming retest of the Mean Sup of 65900 will serve as a crucial point for continuing the ongoing bull run, which aims to achieve two more targets: the Inner Coin Rally 78200 and the Outer Coin Rally 81400.

Bitcoin Daily Chart Analysis For Week of March 8, 2024

Bitcoin's price has risen this week, surpassing Major Key Resistance 67530 and the all-time high of 69000. Its ongoing targets are the Inner Coin Rally 72500, the Next Inner Coin Rally 78200, and the Outer Coin Rally 81400. A slight dip to the Mean Sup at the 63800 price is expected before the next rally. Despite the increasing acceptance and rise in investor interest, the cryptocurrency Bitcoin remains subject to volatility and market fluctuations. As such, it is imperative to maintain rigorous vigilance over its price movements and market trends to make informed investment decisions.

Bitcoin Daily Chart Analysis For Week of March 1, 2024

Bitcoin's price action saw a remarkable surge in the current week, which should not come as a surprise to this audience. After breaking through the completed Outer Coin Rally at 53000, Bitcoin's legit targets were 55000 and 59829, as this would. Bitcoin is setting itself up for the next launch, the Inner Coin Rally at 69000 and the Outer Coin Rally at 81400, which is expected to break records and disappoint those who have dismissed cryptocurrencies.

However, a pullback to the Mean Sup at the 60400 price is a transient dip before the next rally. Nevertheless, the overall outlook for Bitcoin remains promising as it continues to attract more investors and gain wider acceptance. Therefore, it is crucial to keep a close eye on Bitcoin's price movements and market trends.

Bitcoin Daily Chart Analysis For Week of February 23, 2024

Throughout this week's trading, Bitcoin has been showing a lot of gyration, with its price moving back and forth between two key levels: our Mean Resistance level of 52500/completed Coin Rally level of 53000, and newly created support at 50600 during this period indicating that the price has found some stability.

However, despite these developments, the price of Bitcoin may experience a further decline and test our Mean Support level of 49700. If this happens, it could be an opportunity for traders to buy at a lower price before the coin takes off to retest Mean Res 52500, completed Coin Rally 53000, and galop to new highs.

Bitcoin Daily Chart Analysis For Week of February 16, 2024

The chart analysis on February 9th shows how powerful the Trade Selector System is to this Trading View platform. Bitcoin has completed the second phase of the reignited rebound extension phase, also known as the "Outer Coin Rally 53000". Currently, this analysis shows the downside price action is in pivotal squeeze mode; it is expected to rebound and retest Mean Res 52500. Moreover, completing the Outer Coin Rally 53000 from this spot is imminent.

Bitcoin Daily Chart Analysis For Week of February 9, 2024

In the latest trading session, Bitcoin has witnessed a significant surge in its value, demonstrating a remarkable performance in the market. The cryptocurrency has surpassed the Inner Coin Rally 44200 and successfully completed the Outer Coin Rally 47500 projection, indicating a bullish trend in the market. Per the current market conditions, the next target for Bitcoin is the Key Res 48700 and Inner Coin Rally 49500, critical levels that may determine the coin's future growth potential.

The Key Res 48700 is a significant resistance level and a crucial point of interest for traders and investors, as breaching this level could lead to an even more substantial price surge. The Inner Coin Rally 49500 is another important target for Bitcoin, which, once surpassed, could provide a clear indication of the coin's potential to reach the Outer Coin Rally 53000. The Outer Coin Rally 53000 is the ultimate target for Bitcoin, indicating that the cryptocurrency's value may surge even higher in the coming days.

However, if Bitcoin experiences a downward trend, the coin pivotal squeeze may retest a Mean Sup 46000 before continuing the upward trend. This means that a slight dip in the price may occur before the coin's value starts to increase again, which is a common phenomenon in the cryptocurrency market.

Overall, the current market trend for Bitcoin is positive, and investors are optimistic about its future growth potential. However, they should closely monitor the market conditions and be prepared to make informed investment decisions based on the latest market trends.

Bitcoin Daily Chart Analysis For Week of February 2, 2024

During this week's trading session, Bitcoin has been experiencing a very tight trading range. Its progress has been obstructed by our Mean Res 43200, which has been causing a significant block jam. However, the market is anticipating a strong push through the Inner Coin Rally 44200, propelling the prices towards Mean Res 47000. This move is expected to be followed by a retest of the completed Outer Coin Rally 47500, which would signify a noteworthy milestone for Bitcoin's upward momentum. In case of a downside, the coin may retest a Mean Sup 42000 before continuing its upward trend

Bitcoin Daily Chart Analysis For Week of January 26, 2024

Bitcoin continued a pivotal squeeze to complete our Inner Coin Dip 38500 and is rebounding to the newly created Mean Res 43200 and Inner Coin Rally 44200. On the downside, the coin might retest a Mean Sup 39500 and completed Inner Coin Dip 38500 before continuing its upward trend. .

Bitcoin Daily Chart Analysis For Week of January 19, 2024

Bitcoin continued a pivotal squeeze to Key Sup 41200 and is prone to make a rebound to the newly created Mean Res 43200. The down movement target is Inner Coin Dip 38500 and Mean Sup 37700.

Bitcoin Daily Chart Analysis For Week of January 12, 2024

Bitcoin has surged past January 2, 2024, completing the Inner Coin Rally 45900 and, as a result, also topping our designated Next #1 Outer Coin Rally 47500. In addition, Bitcoin has retraced back to our target Mean Sup 42800 after completing a pivotal squeeze, as shown in last week's chart analysis. Currently, it is regaining its lost ground by revisiting the newly-created Mean Res 47000 and extending beyond it.

Bitcoin Daily Chart Analysis For Week of January 5, 2024

Bitcoin had a successful week of trading. It completed our Inner Coin Rally 45900, a positive indicator for the crypto market. Bitcoin is currently fluctuating between a Key Resistance of 45000, a level the currency is trying to surpass, and a Mean Support range of 42800, indicating a potential upward trend in price.

Bitcoin Daily Chart Analysis For Week of December 29, 2023

During this week's trading sessions, Bitcoin has continuously traded within a Mean Res 44100 and Mean Support range of 41200. This indicates that Bitcoin is not yet ready to break through the completed Outer Coin Rally of 44500 and proceed to higher levels.

Bitcoin Daily Chart Analysis For Week of December 22, 2023

Throughout this week's trading session, Bitcoin has been trading within a Mean Sup 41200 and completed Outer Coin Rally 44500. This range has created a level of stability in the market and has allowed for some downturn in the short term: the intermediate down target is the robust Mean Sup 42300. This is a crucial level for traders to watch, representing a solid support level for Bitcoin. Overall, Bitcoin is projected to revisit the completed Outer Coin Rally 44500 and continue the upward trajectory as specified on the chart.

Bitcoin Daily Chart Analysis For Week of December 15, 2023

Throughout this week's trading session, Bitcoin has been trading within a specific range, defined by two fundamental values: the Completed Outer Coin Rally 44500 and Mean Res 44100. This range has created a level of stability in the market and has allowed for some predictability in the short term.

The market is on an upward trend that is expected to continue. Bitcoin is projected to reach the newly established intermediary Mean Res 43100 and surpass it in the coming days. In a downturn, the intermediate target is the robust Mean Sup 41200. This is a crucial level for traders to watch, representing a solid support level for Bitcoin.

Bitcoin Daily Chart Analysis For Week of December 8, 2023

Bitcoin has completed our three consecutive Outer Coin Rallies 39200, 41200, and 43700 in this week's trading. On the downside, the intermediate down target is Mean Sup 43100. The subsequent squeeze will likely be Mean Sup 41500.

The upside price movement is expected to be aggressive and intense, as the market sentiment is tilted towards bullishness. The market participants will likely be actively buying, leading to a surge in demand for the asset pushing the price higher. However, it is essential to note that the market is volatile and subject to sudden changes, so investors should remain cautious and closely monitor the support and rally outcome price targets.

Bitcoin Daily Chart Analysis For Week of December 1, 2023

With prices trading in a relatively narrow range, Bitcoin penetrated our exhausted completed Inner Coin Rally 37800 and is heading towards the Next #1 Outer Coin Rally 39200 and beyond. On the downside, the intermediate down target is Mean Sup 37300. The subsequent squeezes will likely be significant and turbulent once the market successfully achieves these Outer Coin targets.

Bitcoin Daily Chart Analysis For Week of November 24, 2023

Like last week, Bitcoin's price has remained within the 37800 Inner Coin Rally range and the robust 35600 Mean Support level. This indicates that the market has been relatively stable, with neither bulls nor bears having a strong grip on it.

On the upside, there is potential for intermediate upward momentum in Bitcoin's price, which could lead to a breakout above the current Inner Coin Rally of 37800. If this occurs, the next price target would be at the Outer Coin Rally #1 of 39200, followed by #2 of 41200 and #3 of 43700. This suggests that there is significant room for expansion in the near future, which could attract more investors/traders to the market.

On the downside, the Mean Support level of 35600 is expected to support Bitcoin's price strongly. If the price were to drop, it would likely find support at this level. Overall, the market is consolidating, with prices trading within a relatively narrow two-thousand-dollar range.

Bitcoin Daily Chart Analysis For Week of November 17, 2023

Currently, the price of Bitcoin has been contained within our completed Inner Coin Rally of 37800 and vital Mean Sup of 35600. This has resulted in a trading tunnel that is particularly beneficial for those experienced in active trading. However, it is worth noting that the price is currently dropping towards the Mean Sup of 35600, and there could be a possibility of a further correction to the Mean Sup of 33900. On the upside side, Bitcoin's price has the potential to reach the Next #1 Outer Coin Rally of 39200, #2 41200, and #3 43700. This indicates a prospect for upward momentum in the near future.

Observing these price-action developments closely is crucial, as they could allow investors/traders to profit from the market. Understanding these price fluctuations and knowing when to act can be extremely beneficial in maximizing returns.

Bitcoin Daily Chart Analysis For Week of November 10, 2023

The latest update on Cryptocurrency indicates that it has completed the Inner Coin Rally 37800 and is currently in the correction phase. The correction is expected to take it down to the intermediate target of Mean Sup 35600, but there is also a possibility of the correction extending further to Mean Sup 33900. On the upside, there are two crucial levels that investors/traders should keep a close eye on. These are the Outer Coin Rally 39200 and the Outer Coin Rally 41200. These levels are significant as they can influence the future trend of Cryptocurrency.

Bitcoin Daily Chart Analysis For Week of November 3, 2023

Rest assured that the cryptocurrency has triumphantly bounced above our completed Inner Coin Rally 35000, indicating a promising upward trend towards Inner Coin Rally 36300 and beyond. However, the intermediate price action is currently posing to move lower towards Mean Sup 33600; it is only a matter of time before it regains momentum and surges higher.

Bitcoin Daily Chart Analysis For Week of October 27, 2023

The Bitcoin smashed our projections: Inner Coin Rally 30900, Outer Coin Rally 31700, and 34000, resting at completed Inner Coin Rally 35000. The next target is the Next #1 Inner Coin Rally 36300 Next #2 37800, with a near-term final projection of Outer Coin Rally 39200. Be aware that there may be some intermediate pullbacks along the way with the main target 39200. Nevertheless, the market may fall to the Mean Support 32600 before resuming its upside movement.

Bitcoin Daily Chart Analysis For Week of October 20, 2023

This week, Bitcoin saw a surge in price, reaching Inner Coin Rally 29300 and Mean Res 29700. The next target is the Inner Coin Rally 30900 and a retest of the completed Outer Coin Rally 31700. However, it is essential to note that there may be some intermediate pullbacks along the way with the main target Mean Sup 29000.

Bitcoin Daily Chart Analysis For Week of October 13, 2023

This week, the coin remained within the Mean Resistance of 28000 and drifted down to a Mean Support of 26900. It is heading toward testing the next level of Mean Support, 26200, and could extend to the additional Mean Support level of 25100. However, in the meantime, the upside rebound to Mean Res 27400 is highly probable.

Bitcoin Daily Chart Analysis For Week of October 6, 2023

As stated in the Bitcoin Daily Chart Analysis for the Week of September 29, the upward trend continued throughout the week's trading. Presently, the cryptocurrency is prepping for a surge towards Inner Coin Rally 29300, which will be followed by a decline to 28000.

Bitcoin Daily Chart Analysis For Week of September 29, 2023

Sliding down from Mean Res 27200 was this week's trading order. Following the rebound from the newly created Mean Sup 26200 and completed Inner Coin Dip 26000, the upside move is ongoing. Nevertheless, there is also a chance that the market may fall to Mean Support 26500 before resuming its upside movement.

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