• bitcoinBitcoin (BTC) $ 97,502.00
  • ethereumEthereum (ETH) $ 3,398.18
  • tetherTether (USDT) $ 0.999740
  • xrpXRP (XRP) $ 2.26
  • bnbBNB (BNB) $ 667.78
  • solanaSolana (SOL) $ 185.92
  • dogecoinDogecoin (DOGE) $ 0.327122
  • usd-coinUSDC (USDC) $ 1.00
  • staked-etherLido Staked Ether (STETH) $ 3,392.21
  • cardanoCardano (ADA) $ 0.921691
  • tronTRON (TRX) $ 0.245726
  • avalanche-2Avalanche (AVAX) $ 38.67
  • chainlinkChainlink (LINK) $ 22.88
  • wrapped-stethWrapped stETH (WSTETH) $ 4,018.74
  • the-open-networkToncoin (TON) $ 5.35
  • suiSui (SUI) $ 4.64
  • shiba-inuShiba Inu (SHIB) $ 0.000022
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 97,056.00
  • stellarStellar (XLM) $ 0.361933
  • polkadotPolkadot (DOT) $ 7.10
  • hyperliquidHyperliquid (HYPE) $ 32.16
  • hedera-hashgraphHedera (HBAR) $ 0.257031
  • wethWETH (WETH) $ 3,398.13
  • bitcoin-cashBitcoin Cash (BCH) $ 453.91
  • leo-tokenLEO Token (LEO) $ 9.28
  • uniswapUniswap (UNI) $ 13.49
  • litecoinLitecoin (LTC) $ 100.91
  • pepePepe (PEPE) $ 0.000018
  • wrapped-eethWrapped eETH (WEETH) $ 3,584.78
  • nearNEAR Protocol (NEAR) $ 5.17
  • bitget-tokenBitget Token (BGB) $ 4.24
  • ethena-usdeEthena USDe (USDE) $ 0.999972
  • aptosAptos (APT) $ 9.92
  • usdsUSDS (USDS) $ 0.999364
  • internet-computerInternet Computer (ICP) $ 10.47
  • aaveAave (AAVE) $ 308.44
  • crypto-com-chainCronos (CRO) $ 0.162504
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.483744
  • mantleMantle (MNT) $ 1.19
  • ethereum-classicEthereum Classic (ETC) $ 26.50
  • vechainVeChain (VET) $ 0.046776
  • render-tokenRender (RENDER) $ 7.31
  • mantra-daoMANTRA (OM) $ 3.80
  • moneroMonero (XMR) $ 193.14
  • whitebitWhiteBIT Coin (WBT) $ 24.43
  • bittensorBittensor (TAO) $ 467.08
  • daiDai (DAI) $ 1.00
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.30
  • arbitrumArbitrum (ARB) $ 0.765497
  • ethenaEthena (ENA) $ 1.07
  • kaspaKaspa (KAS) $ 0.122706
  • filecoinFilecoin (FIL) $ 5.07
  • fantomFantom (FTM) $ 1.02
  • algorandAlgorand (ALGO) $ 0.338828
  • okbOKB (OKB) $ 45.42
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.68
  • cosmosCosmos Hub (ATOM) $ 6.70
  • blockstackStacks (STX) $ 1.72
  • ondo-financeOndo (ONDO) $ 1.73
  • optimismOptimism (OP) $ 1.82
  • bonkBonk (BONK) $ 0.000032
  • immutable-xImmutable (IMX) $ 1.39
  • celestiaCelestia (TIA) $ 5.08
  • movementMovement (MOVE) $ 1.00
  • theta-tokenTheta Network (THETA) $ 2.21
  • injective-protocolInjective (INJ) $ 21.17
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,394.35
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 97,571.00
  • the-graphThe Graph (GRT) $ 0.212387
  • dogwifcoindogwifhat (WIF) $ 2.01
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.029798
  • sei-networkSei (SEI) $ 0.434753
  • worldcoin-wldWorldcoin (WLD) $ 2.25
  • thorchainTHORChain (RUNE) $ 5.15
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,496.32
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999070
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,791.46
  • flokiFLOKI (FLOKI) $ 0.000173
  • jasmycoinJasmyCoin (JASMY) $ 0.034027
  • quant-networkQuant (QNT) $ 112.15
  • gatechain-tokenGate (GT) $ 12.93
  • tokenize-xchangeTokenize Xchange (TKX) $ 20.05
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,576.27
  • lido-daoLido DAO (LDO) $ 1.73
  • galaGALA (GALA) $ 0.036693
  • flare-networksFlare (FLR) $ 0.027690
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 97,705.00
  • makerMaker (MKR) $ 1,651.64
  • beam-2Beam (BEAM) $ 0.027693
  • fasttokenFasttoken (FTN) $ 3.32
  • usual-usdUsual USD (USD0) $ 0.999882
  • the-sandboxThe Sandbox (SAND) $ 0.575503
  • kucoin-sharesKuCoin (KCS) $ 11.29
  • pyth-networkPyth Network (PYTH) $ 0.375681
  • nexoNEXO (NEXO) $ 1.35
  • kaiaKaia (KAIA) $ 0.225023
  • tezosTezos (XTZ) $ 1.29
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 97,336.00
  • based-brettBrett (BRETT) $ 0.130826
  • raydiumRaydium (RAY) $ 4.43
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,493.70
  • eosEOS (EOS) $ 0.820334
  • heliumHelium (HNT) $ 6.93
  • binance-staked-solBinance Staked SOL (BNSOL) $ 189.94
  • ethereum-name-serviceEthereum Name Service (ENS) $ 35.40
  • aerodrome-financeAerodrome Finance (AERO) $ 1.62
  • jupiter-exchange-solanaJupiter (JUP) $ 0.845221
  • xdce-crowd-saleXDC Network (XDC) $ 0.076478
  • flowFlow (FLOW) $ 0.720855
  • starknetStarknet (STRK) $ 0.488048
  • arweaveArweave (AR) $ 16.45
  • bitcoin-svBitcoin SV (BSV) $ 53.78
  • iotaIOTA (IOTA) $ 0.300029
  • aioz-networkAIOZ Network (AIOZ) $ 0.936272
  • dydx-chaindYdX (DYDX) $ 1.48
  • bittorrentBitTorrent (BTT) $ 0.000001
  • msolMarinade Staked SOL (MSOL) $ 231.73
  • curve-dao-tokenCurve DAO (CRV) $ 0.824395
  • coredaoorgCore (CORE) $ 1.10
  • neoNEO (NEO) $ 14.26
  • axie-infinityAxie Infinity (AXS) $ 6.32
  • elrond-erd-2MultiversX (EGLD) $ 34.89
  • matic-networkPolygon (MATIC) $ 0.484090
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 96,598.00
  • decentralandDecentraland (MANA) $ 0.482460
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 96,962.00
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,397.19
  • pendlePendle (PENDLE) $ 5.18
  • apecoinApeCoin (APE) $ 1.17
  • fartcoinFartcoin (FARTCOIN) $ 0.841190
  • zcashZcash (ZEC) $ 52.84
  • eigenlayerEigenlayer (EIGEN) $ 3.85
  • jito-governance-tokenJito (JTO) $ 2.96
  • mog-coinMog Coin (MOG) $ 0.000002
  • akash-networkAkash Network (AKT) $ 3.22
  • chilizChiliz (CHZ) $ 0.086496
  • ai16zai16z (AI16Z) $ 0.707527
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,399.96
  • conflux-tokenConflux (CFX) $ 0.161052
  • wormholeWormhole (W) $ 0.272911
  • usddUSDD (USDD) $ 0.999772
  • spx6900SPX6900 (SPX) $ 0.803233
  • popcatPopcat (POPCAT) $ 0.754660
  • mina-protocolMina Protocol (MINA) $ 0.614888
  • compound-governance-tokenCompound (COMP) $ 82.37
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 198.97
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,398.06
  • roninRonin (RON) $ 1.92
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.41
  • superfarmSuperVerse (SUPER) $ 1.57
  • havvenSynthetix Network (SNX) $ 2.05
  • ecasheCash (XEC) $ 0.000035
  • gnosisGnosis (GNO) $ 266.94
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.006802
  • chiaChia (XCH) $ 21.22
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.327869
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 96,585.00
  • dydxdYdX (ETHDYDX) $ 1.48
  • amp-tokenAmp (AMP) $ 0.007901
  • axelarAxelar (AXL) $ 0.754931
  • notcoinNotcoin (NOT) $ 0.006462
  • zksyncZKsync (ZK) $ 0.178770
  • tether-goldTether Gold (XAUT) $ 2,631.24
  • fraxFrax (FRAX) $ 0.995519
  • peanut-the-squirrelPeanut the Squirrel (PNUT) $ 0.635359
  • layerzeroLayerZero (ZRO) $ 5.68
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,583.69
  • chex-tokenCHEX Token (CHEX) $ 0.624365
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000113
  • reserve-rights-tokenReserve Rights (RSR) $ 0.011319
  • grassGrass (GRASS) $ 2.47
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,675.96
  • baby-doge-coinBaby Doge Coin (BABYDOGE) $ 0.00000000
  • vanaVana (VANA) $ 18.78
  • turboTurbo (TURBO) $ 0.008509
  • safeSafe (SAFE) $ 1.10
  • super-oethSuper OETH (SUPEROETHB) $ 3,397.02
  • usualUsual (USUAL) $ 1.19
  • oasis-networkOasis (ROSE) $ 0.083481
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.006281
  • ordinalsORDI (ORDI) $ 26.55
  • echelon-primeEchelon Prime (PRIME) $ 10.84
  • blurBlur (BLUR) $ 0.264555
  • 1inch1inch (1INCH) $ 0.391138
  • beldexBeldex (BDX) $ 0.078923
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.30
  • susdssUSDS (SUSDS) $ 1.02
  • paypal-usdPayPal USD (PYUSD) $ 0.999883
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 97,405.00
  • pax-goldPAX Gold (PAXG) $ 2,623.84
  • creditcoin-2Creditcoin (CTC) $ 1.26
  • pumpbtcpumpBTC (PUMPBTC) $ 96,936.00
  • apenftAPENFT (NFT) $ 0.00000052
  • livepeerLivepeer (LPT) $ 14.07
  • goatseus-maximusGoatseus Maximus (GOAT) $ 0.510954
  • gigachad-2Gigachad (GIGA) $ 0.052224
  • dexeDeXe (DEXE) $ 8.72
  • arkhamArkham (ARKM) $ 1.50
  • frax-etherFrax Ether (FRXETH) $ 3,342.96
  • true-usdTrueUSD (TUSD) $ 1.00

BTC/USD buy signal: A bullish outlook for Bitcoin

0 251

BTC/USD trading strategy

  • Buy/sell asset: Buy BTC/USD
  • Entry price: 26,064
  • Stop loss: 25,689
  • Leverage: 3x
  • Take profit 1: 26,600
  • Take profit 2: 27,400
  • Take profit 3: 28,303
  • Timeframe: 1-2 weeks
  • Maximum profit: 25.68%
  • Maximum loss: 4.35%

BTC/USD chart and technical analysis

BTC/USD buy signal: A bullish outlook for Bitcoin

BTC/USD is making a correction after the recent rally and will possibly drop and retest the 26,064 support level before continuing the bullish trend. The 26,064 is a major support level and will possibly push the price upward.

Price made lower lows and dropped below the 27104 support level this week and will keep dropping until it reaches the 26,064 support level.

The drop in the price of Bitcoin is also reflected on all the altcoins which are falling even steeper and will possibly keep dropping until the CPI data is published on the US dollar this Friday.

Bitcoin’s fundamental analysis

Fundamentally, I am expecting the Crypto market will keep dropping until the CPI data is published.

If the data comes out positive and better than expected then the price of Bitcoin will possibly further drop and if the data turns out negative the price of Bitcoin might rally against the US dollar.

Bitcoin to US dollar trade idea key takeaways

  • Bitcoin will possibly drop and retest the 26,064 support level before making another rally.
  • I am expecting the price will make a steep recovery from the 26,064 support level.
  • Multiple take-profit levels have been added to secure profit along the way as the market can bounce back and hit the stoploss.
  • The risk-to-reward ratio on this trade is 1:5.9.
  • Good luck!

The post BTC/USD buy signal: A bullish outlook for Bitcoin appeared first on Invezz.

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