• bitcoinBitcoin (BTC) $ 60,837.00
  • ethereumEthereum (ETH) $ 2,348.61
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 544.38
  • solanaSolana (SOL) $ 136.85
  • usd-coinUSDC (USDC) $ 1.00
  • xrpXRP (XRP) $ 0.524137
  • staked-etherLido Staked Ether (STETH) $ 2,347.29
  • dogecoinDogecoin (DOGE) $ 0.105150
  • tronTRON (TRX) $ 0.157547
  • the-open-networkToncoin (TON) $ 5.32
  • cardanoCardano (ADA) $ 0.343260
  • avalanche-2Avalanche (AVAX) $ 24.68
  • wrapped-stethWrapped stETH (WSTETH) $ 2,770.58
  • shiba-inuShiba Inu (SHIB) $ 0.000016
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 60,833.00
  • wethWETH (WETH) $ 2,348.06
  • chainlinkChainlink (LINK) $ 10.64
  • bitcoin-cashBitcoin Cash (BCH) $ 318.67
  • polkadotPolkadot (DOT) $ 4.11
  • daiDai (DAI) $ 0.999949
  • leo-tokenLEO Token (LEO) $ 5.84
  • nearNEAR Protocol (NEAR) $ 4.61
  • uniswapUniswap (UNI) $ 6.56
  • litecoinLitecoin (LTC) $ 63.35
  • suiSui (SUI) $ 1.68
  • aptosAptos (APT) $ 8.39
  • wrapped-eethWrapped eETH (WEETH) $ 2,462.88
  • internet-computerInternet Computer (ICP) $ 7.96
  • bittensorBittensor (TAO) $ 497.21
  • kaspaKaspa (KAS) $ 0.145329
  • pepePepe (PEPE) $ 0.000009
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.37
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.376395
  • ethereum-classicEthereum Classic (ETC) $ 18.48
  • blockstackStacks (STX) $ 1.81
  • stellarStellar (XLM) $ 0.090132
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999369
  • moneroMonero (XMR) $ 143.46
  • ethena-usdeEthena USDe (USDE) $ 0.999244
  • okbOKB (OKB) $ 40.60
  • immutable-xImmutable (IMX) $ 1.50
  • aaveAave (AAVE) $ 142.80
  • crypto-com-chainCronos (CRO) $ 0.078754
  • filecoinFilecoin (FIL) $ 3.56
  • render-tokenRender (RENDER) $ 5.24
  • dogwifcoindogwifhat (WIF) $ 2.03
  • hedera-hashgraphHedera (HBAR) $ 0.051451
  • arbitrumArbitrum (ARB) $ 0.532809
  • optimismOptimism (OP) $ 1.52
  • injective-protocolInjective (INJ) $ 19.11
  • mantleMantle (MNT) $ 0.567563
  • vechainVeChain (VET) $ 0.022033
  • cosmosCosmos Hub (ATOM) $ 4.37
  • fantomFantom (FTM) $ 0.607292
  • whitebitWhiteBIT Coin (WBT) $ 11.36
  • thorchainTHORChain (RUNE) $ 4.50
  • the-graphThe Graph (GRT) $ 0.152965
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,349.75
  • sei-networkSei (SEI) $ 0.397064
  • bonkBonk (BONK) $ 0.000020
  • bitget-tokenBitget Token (BGB) $ 0.964772
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,627.61
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 60,703.00
  • makerMaker (MKR) $ 1,429.62
  • flokiFLOKI (FLOKI) $ 0.000128
  • theta-tokenTheta Network (THETA) $ 1.23
  • heliumHelium (HNT) $ 6.93
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,449.24
  • arweaveArweave (AR) $ 17.93
  • pyth-networkPyth Network (PYTH) $ 0.310810
  • gatechain-tokenGate (GT) $ 8.41
  • mantra-daoMANTRA (OM) $ 1.25
  • celestiaCelestia (TIA) $ 4.76
  • matic-networkPolygon (MATIC) $ 0.376887
  • algorandAlgorand (ALGO) $ 0.121172
  • jupiter-exchange-solanaJupiter (JUP) $ 0.743196
  • quant-networkQuant (QNT) $ 68.39
  • ondo-financeOndo (ONDO) $ 0.674380
  • popcatPopcat (POPCAT) $ 0.966210
  • jasmycoinJasmyCoin (JASMY) $ 0.018928
  • lido-daoLido DAO (LDO) $ 1.02
  • kucoin-sharesKuCoin (KCS) $ 7.56
  • bitcoin-svBitcoin SV (BSV) $ 44.10
  • bittorrentBitTorrent (BTT) $ 0.00000089
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,343.93
  • fasttokenFasttoken (FTN) $ 2.48
  • wormholeWormhole (W) $ 0.317234
  • flowFlow (FLOW) $ 0.522079
  • coredaoorgCore (CORE) $ 0.880307
  • worldcoin-wldWorldcoin (WLD) $ 1.61
  • based-brettBrett (BRETT) $ 0.079668
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,391.85
  • ethenaEthena (ENA) $ 0.281309
  • beam-2Beam (BEAM) $ 0.014908
  • galaGALA (GALA) $ 0.019087
  • flare-networksFlare (FLR) $ 0.015367
  • usddUSDD (USDD) $ 0.997299
  • conflux-tokenConflux (CFX) $ 0.161653
  • notcoinNotcoin (NOT) $ 0.007125
  • msolMarinade Staked SOL (MSOL) $ 167.06
  • klay-tokenKlaytn (KLAY) $ 0.123122
  • eosEOS (EOS) $ 0.465514
  • starknetStarknet (STRK) $ 0.360548
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • aerodrome-financeAerodrome Finance (AERO) $ 1.08
  • ecasheCash (XEC) $ 0.000035
  • axie-infinityAxie Infinity (AXS) $ 4.49
  • neoNEO (NEO) $ 9.66
  • ordinalsORDI (ORDI) $ 32.06
  • elrond-erd-2MultiversX (EGLD) $ 24.46
  • tokenize-xchangeTokenize Xchange (TKX) $ 8.40
  • tether-goldTether Gold (XAUT) $ 2,655.68
  • fraxFrax (FRAX) $ 0.997237
  • nervos-networkNervos Network (CKB) $ 0.014418
  • tezosTezos (XTZ) $ 0.638831
  • eigenlayerEigenlayer (EIGEN) $ 3.38
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 60,735.00
  • akash-networkAkash Network (AKT) $ 2.42
  • pendlePendle (PENDLE) $ 3.66
  • the-sandboxThe Sandbox (SAND) $ 0.243193
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,405.01
  • mina-protocolMina Protocol (MINA) $ 0.486029
  • roninRonin (RON) $ 1.58
  • ethereum-name-serviceEthereum Name Service (ENS) $ 16.31
  • chilizChiliz (CHZ) $ 0.058773
  • dydx-chaindYdX (DYDX) $ 0.846134
  • nexoNEXO (NEXO) $ 0.950515
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000025
  • axelarAxelar (AXL) $ 0.647950
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,349.30
  • mog-coinMog Coin (MOG) $ 0.000001
  • decentralandDecentraland (MANA) $ 0.274908
  • pax-goldPAX Gold (PAXG) $ 2,670.99
  • aioz-networkAIOZ Network (AIOZ) $ 0.450137
  • true-usdTrueUSD (TUSD) $ 0.995501
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.79
  • echelon-primeEchelon Prime (PRIME) $ 9.95
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,536.76
  • aleoALEO (ALEO) $ 4.70
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000082
  • apecoinApeCoin (APE) $ 0.684748
  • superfarmSuperVerse (SUPER) $ 1.00
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,350.52
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 142.72
  • oasis-networkOasis (ROSE) $ 0.066078
  • zksyncZKsync (ZK) $ 0.119229
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.05
  • havvenSynthetix Network (SNX) $ 1.33
  • xdce-crowd-saleXDC Network (XDC) $ 0.029120
  • astarAstar (ASTR) $ 0.059124
  • layerzeroLayerZero (ZRO) $ 3.91
  • dexeDeXe (DEXE) $ 7.49
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 61,234.00
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.004792
  • raydiumRaydium (RAY) $ 1.60
  • frax-etherFrax Ether (FRXETH) $ 2,342.57
  • l2-standard-bridged-weth-blastL2 Standard Bridged WETH (Blast) (WETH) $ 2,346.45
  • livepeerLivepeer (LPT) $ 11.81
  • usdbUSDB (USDB) $ 1.01
  • book-of-memeBOOK OF MEME (BOME) $ 0.005905
  • apenftAPENFT (NFT) $ 0.00000041
  • iotaIOTA (IOTA) $ 0.117631
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 1.00
  • metaplexMetaplex (MPLX) $ 0.406176
  • theta-fuelTheta Fuel (TFUEL) $ 0.059287
  • gnosisGnosis (GNO) $ 150.00
  • bitcoin-goldBitcoin Gold (BTG) $ 22.10
  • safeSafe (SAFE) $ 0.789533
  • zcashZcash (ZEC) $ 25.53
  • beldexBeldex (BDX) $ 0.057743
  • neiro-3Neiro (NEIRO) $ 0.000898
  • compound-governance-tokenCompound (COMP) $ 42.53
  • blurBlur (BLUR) $ 0.194355
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 1.00
  • arkhamArkham (ARKM) $ 1.30
  • osmosisOsmosis (OSMO) $ 0.516681
  • celoCelo (CELO) $ 0.637657
  • stepnGMT (GMT) $ 0.122399
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 2,346.96
  • pepecoin-2PepeCoin (PEPECOIN) $ 2.88
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.06
  • dogs-2Dogs (DOGS) $ 0.000658
  • bitcoin-avalanche-bridged-btc-bBitcoin Avalanche Bridged (BTC.b) (BTC.B) $ 60,817.00
  • turboTurbo (TURBO) $ 0.004886
  • kavaKava (KAVA) $ 0.309990
  • iotexIoTeX (IOTX) $ 0.035254
  • safepalSafePal (SFP) $ 0.674742
  • wemix-tokenWEMIX (WEMIX) $ 0.794820
  • super-oethSuper OETH (SUPEROETHB) $ 2,341.17
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 60,811.00
  • ultimaUltima (ULTIMA) $ 7,878.44
  • ethereum-pow-iouEthereumPoW (ETHW) $ 2.95
  • reserve-rights-tokenReserve Rights (RSR) $ 0.006073
  • golemGolem (GLM) $ 0.311935
  • 1inch1inch (1INCH) $ 0.246072
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.003119
  • curve-dao-tokenCurve DAO (CRV) $ 0.257750
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 2,578.10
  • mx-tokenMX (MX) $ 3.12

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

0 158

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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