Bitcoin Price Thread

It's Friday afternoon Australia time, not an ideal time for entering the markets but I smell breakouts coming.
Breakouts on Nasdaq and Bitcoin.
So I jumped into 3 positions today (actually 5 positions but I won't count the penny stocks).
SEMI.AX (SEMICODUCTORS ETF), CRYP.AX, (CRYPTO ASSETS), EBTC on CBOE. (BITCOIN IN AUD ETF)
 
cryptoalerts said:
#Bitcoin rallies into $72k as the bull market can be aggressive and take the best traders by surprise.

I think it can run even higher keep watch.
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Not yet ($72k) on any of the exchanges I follow.

Or are you "alerting" us before the fact, to something we don't need to be reminded (gee thanks) to watch?
 
Not only is she back below 69K (yet again!), it looks like she will close below the trendline. This doesn't bode well. I don't expect her to check out before she reaches 60K, but 50K is not entirely impossible either.

upload_2024-4-12_13-12-16.png
 
schizo said:
Not only is she back below 69K (yet again!), it looks like she will close below the trendline. This doesn't bode well. I don't expect her to check out before she reaches 60K, but 50K is not entirely impossible either.

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Its still a higher low though. And fortunately, the its come up nicely from the low so it didn't close at the low. But I do agree that for the time being, the relentless rally is pausing, and its been nothing but sideways for a month. But I think this area isn't much different than the previous gray square I outline here. It was almost a month of trying to break 38k. Now we are trying hard to get above 73k.

As for trendlines, yes, the red one is broken. But if you draw the cyan one, it looks good. On the earlier consolidation, the yellow trendline held, but the green one broke. So I'm just not sure about these trendlines since there are a million ways to draw them.


BTCUSD-BITFINEX[M] Daily #7 2024-04-12 14_04_27.379.png
 
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