ivy_whyte_daily

August 16, 2024, 10:16

Today I'm wearing a sweater and warming up with coffee🥹

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A decent night buy-in on the Asian markets. It will most likely be sold off by Europe and the US. #Bitcoin #AsianSession #MarketFlow #CryptoTrading

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As for me consider bitcoin is pretty oversold now

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Statistically, in such cases, a short-term return to the previous support around 106k is needed. After that, the low may be revisited. #Bitcoin #SupportLevel #MarketStatistics #CryptoAnalysis

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Relaunched with my friend an old crypto, forex and stocks news summarizing app in three languages: French, German and English. NO ADS, NO SUBSCRIPTIONS, TOTALLY FREE. https://apps.apple.com/us/app/brevy-bitcoin-and-forex-news/id1525778626

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Bitcoin (BTC) fell to four-month lows of $98,900 on Tuesday.
I say that the market is "transitioning into a bear market".

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Bitcoin ‘bear market confirmed’: Watch these BTC price levels next

Bitcoin (BTC) fell to four-month lows of $98,900 on Tuesday.
Analysts say that the market is "transitioning into a bear market".

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Bulls market is over. I agree.

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BTC Market Update
Price: around $111,200–$111,500
Trend: sideways, within the $108,000–$116,000 range
RSI (1H): ~48–50 — neutral
MACD: showing a weak attempt to turn upward
Volume: moderate, no visible impulse
📈 What it means
The bearish scenario (short below $108K) has not been triggered yet — support is still holding.
The probability of a corrective move up to $113K–$114K has now increased to around 55%,
while strong resistance remains near $116K.

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As for me, it’s likely up on CPI today and then down on FOMC to the 103–104k level. #Bitcoin #CPI #FOMC #MarketForecast #CryptoTrading

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