• bitcoinBitcoin (BTC) $ 64,316.00
  • ethereumEthereum (ETH) $ 3,484.79
  • tetherTether (USDT) $ 0.999325
  • bnbBNB (BNB) $ 586.08
  • solanaSolana (SOL) $ 134.20
  • staked-etherLido Staked Ether (STETH) $ 3,485.57
  • usd-coinUSDC (USDC) $ 1.00
  • xrpXRP (XRP) $ 0.484871
  • dogecoinDogecoin (DOGE) $ 0.123590
  • the-open-networkToncoin (TON) $ 7.20
  • cardanoCardano (ADA) $ 0.375021
  • shiba-inuShiba Inu (SHIB) $ 0.000018
  • tronTRON (TRX) $ 0.118859
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 64,237.00
  • avalanche-2Avalanche (AVAX) $ 25.05
  • chainlinkChainlink (LINK) $ 13.72
  • polkadotPolkadot (DOT) $ 5.65
  • bitcoin-cashBitcoin Cash (BCH) $ 385.44
  • uniswapUniswap (UNI) $ 9.96
  • nearNEAR Protocol (NEAR) $ 5.29
  • wrapped-eethWrapped eETH (WEETH) $ 3,620.28
  • litecoinLitecoin (LTC) $ 74.05
  • leo-tokenLEO Token (LEO) $ 5.68
  • matic-networkPolygon (MATIC) $ 0.564878
  • daiDai (DAI) $ 0.999051
  • pepePepe (PEPE) $ 0.000011
  • fetch-aiFetch.ai (FET) $ 1.56
  • internet-computerInternet Computer (ICP) $ 8.19
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • kaspaKaspa (KAS) $ 0.146177
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,500.57
  • ethereum-classicEthereum Classic (ETC) $ 23.36
  • aptosAptos (APT) $ 6.83
  • moneroMonero (XMR) $ 162.55
  • render-tokenRender (RNDR) $ 7.42
  • hedera-hashgraphHedera (HBAR) $ 0.077781
  • stellarStellar (XLM) $ 0.090901
  • cosmosCosmos Hub (ATOM) $ 6.74
  • mantleMantle (MNT) $ 0.802254
  • arbitrumArbitrum (ARB) $ 0.794726
  • okbOKB (OKB) $ 41.76
  • crypto-com-chainCronos (CRO) $ 0.092414
  • filecoinFilecoin (FIL) $ 4.38
  • blockstackStacks (STX) $ 1.66
  • immutable-xImmutable (IMX) $ 1.53
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999461
  • makerMaker (MKR) $ 2,468.62
  • suiSui (SUI) $ 0.896882
  • vechainVeChain (VET) $ 0.025813
  • the-graphThe Graph (GRT) $ 0.215646
  • injective-protocolInjective (INJ) $ 20.96
  • optimismOptimism (OP) $ 1.80
  • bittensorBittensor (TAO) $ 281.90
  • lido-daoLido DAO (LDO) $ 2.20
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,866.60
  • dogwifcoindogwifhat (WIF) $ 1.80
  • arweaveArweave (AR) $ 27.32
  • ondo-financeOndo (ONDO) $ 1.20
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,607.55
  • flokiFLOKI (FLOKI) $ 0.000168
  • bitget-tokenBitget Token (BGB) $ 1.14
  • fantomFantom (FTM) $ 0.565021
  • notcoinNotcoin (NOT) $ 0.015024
  • theta-tokenTheta Network (THETA) $ 1.50
  • jasmycoinJasmyCoin (JASMY) $ 0.028902
  • thorchainTHORChain (RUNE) $ 4.15
  • based-brettBrett (BRETT) $ 0.138549
  • whitebitWhiteBIT Coin (WBT) $ 9.46
  • bonkBonk (BONK) $ 0.000020
  • coredaoorgCore (CORE) $ 1.40
  • celestiaCelestia (TIA) $ 6.24
  • aaveAave (AAVE) $ 80.24
  • eosEOS (EOS) $ 0.562735
  • pyth-networkPyth Network (PYTH) $ 0.317511
  • algorandAlgorand (ALGO) $ 0.134823
  • sei-networkSei (SEI) $ 0.358593
  • quant-networkQuant (QNT) $ 74.84
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,517.53
  • jupiter-exchange-solanaJupiter (JUP) $ 0.776369
  • gatechain-tokenGate (GT) $ 7.92
  • ethenaEthena (ENA) $ 0.593572
  • flare-networksFlare (FLR) $ 0.023711
  • galaGALA (GALA) $ 0.027955
  • zebec-protocolZebec Protocol (ZBC) $ 0.019136
  • kucoin-sharesKuCoin (KCS) $ 9.89
  • flowFlow (FLOW) $ 0.624229
  • pendlePendle (PENDLE) $ 6.09
  • starknetStarknet (STRK) $ 0.708170
  • axie-infinityAxie Infinity (AXS) $ 5.94
  • bitcoin-svBitcoin SV (BSV) $ 43.76
  • ordinalsORDI (ORDI) $ 41.08
  • bittorrentBitTorrent (BTT) $ 0.00000089
  • tokenize-xchangeTokenize Xchange (TKX) $ 10.53
  • beam-2Beam (BEAM) $ 0.016916
  • dydx-chaindYdX (DYDX) $ 1.40
  • singularitynetSingularityNET (AGIX) $ 0.648069
  • gnosisGnosis (GNO) $ 317.95
  • ethereum-name-serviceEthereum Name Service (ENS) $ 25.57
  • neoNEO (NEO) $ 11.32
  • elrond-erd-2MultiversX (EGLD) $ 28.23
  • tezosTezos (XTZ) $ 0.773746
  • roninRonin (RON) $ 2.27
  • layerzeroLayerZero (ZRO) $ 3.00
  • the-sandboxThe Sandbox (SAND) $ 0.329802
  • worldcoin-wldWorldcoin (WLD) $ 3.01
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,483.36
  • msolMarinade Staked SOL (MSOL) $ 160.50
  • usddUSDD (USDD) $ 0.995006
  • akash-networkAkash Network (AKT) $ 2.98
  • fasttokenFasttoken (FTN) $ 2.21
  • nexoNEXO (NEXO) $ 1.23
  • frax-etherFrax Ether (FRXETH) $ 3,477.67
  • chilizChiliz (CHZ) $ 0.076700
  • zksyncZKsync (ZK) $ 0.181787
  • fraxFrax (FRAX) $ 0.997279
  • havvenSynthetix Network (SNX) $ 1.97
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,737.36
  • dexeDeXe (DEXE) $ 11.01
  • lido-staked-solLido Staked SOL (STSOL) $ 158.96
  • ecasheCash (XEC) $ 0.000032
  • safeSafe (SAFE) $ 1.45
  • mina-protocolMina Protocol (MINA) $ 0.549457
  • decentralandDecentraland (MANA) $ 0.328324
  • oasis-networkOasis Network (ROSE) $ 0.090628
  • swethSwell Ethereum (SWETH) $ 3,682.78
  • wormholeWormhole (W) $ 0.336953
  • conflux-tokenConflux (CFX) $ 0.145474
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.23
  • book-of-memeBOOK OF MEME (BOME) $ 0.008722
  • mantra-daoMANTRA (OM) $ 0.708505
  • klay-tokenKlaytn (KLAY) $ 0.158217
  • livepeerLivepeer (LPT) $ 17.76
  • heliumHelium (HNT) $ 3.50
  • apecoinApeCoin (APE) $ 0.926393
  • tether-goldTether Gold (XAUT) $ 2,325.55
  • iotaIOTA (IOTA) $ 0.171027
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,790.47
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.005436
  • 1inch1inch (1INCH) $ 0.401038
  • aioz-networkAIOZ Network (AIOZ) $ 0.458932
  • true-usdTrueUSD (TUSD) $ 0.998051
  • kavaKava (KAVA) $ 0.456726
  • nervos-networkNervos Network (CKB) $ 0.011014
  • xdce-crowd-saleXDC Network (XDC) $ 0.032549
  • theta-fuelTheta Fuel (TFUEL) $ 0.072166
  • rocket-poolRocket Pool (RPL) $ 23.20
  • illuviumIlluvium (ILV) $ 71.52
  • stader-ethxStader ETHx (ETHX) $ 3,588.58
  • bitcoin-goldBitcoin Gold (BTG) $ 25.43
  • arkhamArkham (ARKM) $ 1.92
  • apenftAPENFT (NFT) $ 0.00000044
  • pax-goldPAX Gold (PAXG) $ 2,320.18
  • echelon-primeEchelon Prime (PRIME) $ 10.45
  • blurBlur (BLUR) $ 0.249081
  • corgiaiCorgiAI (CORGIAI) $ 0.001228
  • axelarAxelar (AXL) $ 0.606188
  • curve-dao-tokenCurve DAO (CRV) $ 0.334803
  • ocean-protocolOcean Protocol (OCEAN) $ 0.642271
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.993865
  • usdbUSDB (USDB) $ 0.994936
  • paypal-usdPayPal USD (PYUSD) $ 0.998158
  • raydiumRaydium (RAY) $ 1.53
  • woo-networkWOO (WOO) $ 0.209999
  • iotexIoTeX (IOTX) $ 0.042416
  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.079526
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000073
  • aevo-exchangeAevo (AEVO) $ 0.471821
  • turboTurbo (TURBO) $ 0.005713
  • ether-fiEther.fi (ETHFI) $ 3.41
  • astarAstar (ASTR) $ 0.068551
  • memecoin-2Memecoin (MEME) $ 0.018620
  • compound-ethercETH (CETH) $ 69.96
  • dydxdYdX (ETHDYDX) $ 1.40
  • osmosisOsmosis (OSMO) $ 0.552576
  • wemix-tokenWEMIX (WEMIX) $ 1.01
  • golemGolem (GLM) $ 0.367744
  • polymeshPolymesh (POLYX) $ 0.344107
  • mx-tokenMX (MX) $ 3.68
  • kusamaKusama (KSM) $ 23.70
  • aragonAragon (ANT) $ 8.93
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000017
  • magaMAGA (TRUMP) $ 7.65
  • aerodrome-financeAerodrome Finance (AERO) $ 0.699131
  • ioio.net (IO) $ 3.74
  • stepnGMT (GMT) $ 0.162444
  • safepalSafePal (SFP) $ 0.731605
  • pepecoin-2PepeCoin (PEPECOIN) $ 2.85
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.003787
  • compound-governance-tokenCompound (COMP) $ 48.23
  • mog-coinMog Coin (MOG) $ 0.00000091
  • radixRadix (XRD) $ 0.031236
  • manta-networkManta Network (MANTA) $ 0.997382
  • holotokenHolo (HOT) $ 0.001818
  • compound-wrapped-btccWBTC (CWBTC) $ 1,291.04
  • celoCelo (CELO) $ 0.589696
  • zilliqaZilliqa (ZIL) $ 0.017053
  • ankrAnkr Network (ANKR) $ 0.030723
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,649.15
  • superfarmSuperVerse (SUPER) $ 0.673298
  • biconomyBiconomy (BICO) $ 0.372582

Technical outlook: Bitcoin’s journey towards $40k resistance level

0 98

BTC/USD trading strategy

  • Buy/sell asset: Buy BTC/USD
  • Entry price: $3,7185
  • Stop loss: $3,6272
  • Leverage: 1x
  • Take profit 1: $3,8000
  • Take profit 2: $3,9000
  • Take profit 3: $4,0000
  • Timeframe: 1-3 weeks
  • Maximum profit: 7.5%
  • Maximum loss: 2.4%

BTC/USD chart and technical analysis

Technical outlook: Bitcoin’s journey towards $40k resistance level

Bitcoin has made a remarkable recovery in the last couple of months. It rose from $25k to $38k in less than two months. The price will possibly continue its rally in the coming days and weeks until it reaches the $40k major resistance level.

I am waiting for the price to close above the $3,7185 minor resistance level and once the price closes above this level I will enter for a long trade. My target for this trade would be the $40k major daily resistance level.

On smaller time-frames i.e. 15 minutes the price is making an inverted head and shoulder pattern which is an indication of the continuation of the bullish trend.

Bitcoin fundamental analysis

Fundamentally, the investor’s confidence is high and the price will potentially continue its rally.

Moreover, the price is likely to follow the technical strategies as there will be fewer high-impact news in the coming week that could impact Bitcoin’s price significantly.

Bitcoin to US dollar trade idea takeaways

  • Bitcoin is likely to continue its rally according to the technical analysis.
  • The price will possibly reach the $40k resistance level in the coming days.
  • Multiple take-profit levels have been added to secure profit along the way.
  • The risk-to-reward ratio on this trade is 1:3.
  • The entry and stoploss prices have been placed at secure levels with the least probability of getting hit.
  • Good luck!

The post Technical outlook: Bitcoin’s journey towards $40k resistance level appeared first on Invezz

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