Bitcoin BTC (BTC-USD) Price Chart Analysis

Archive by author: Kittiampon SamboonsodReturn

07Jun

BTCUSD Elliott Wave Technical Analysis June 07 2023

Kittiampon Samboonsod | 07 Jun, 2023 | 0 Comments |

Bitcoin (BTC) shows positive recovery and potential for an upward trend, according to Elliott Wave charts by Kittiampon Somboonsod. The price of BTC has rebounded strongly from 25354.69 and is approaching the MA200 line. The analysis suggests that Wave 2 is expected to conclude at 25354.69, with indications of a five-wave increase. However, caution should be exercised for potential corrections on smaller scales. The daily chart also indicates a recovery from the 25354.69 level, with BTC holding ...

03Jun

BTCUSD Elliott Wave Technical Analysis June 03 2023

Kittiampon Samboonsod | 03 Jun, 2023 | 0 Comments |

Bitcoin (BTC) price prediction and technical analysis indicate a potential trend reversal based on Elliott Wave theory. Expert analyst Kittiampon Somboonsod has identified key levels and patterns to forecast BTC's future movement. In the 4-hour chart, Wave ((2)) is projected to conclude around 26515, with five upward waves reinforcing this prediction. However, it's important to note that the bear market still exerts control as the price remains below the MA200 line. Caution is advised...

31May

BTCUSD Elliott Wave Technical Analysis May 31 2023

Kittiampon Samboonsod | 31 May, 2023 | 0 Comments |

Bitcoin (BTC) has shown a promising recovery according to the Elliott Wave analysis by Kittiampon Somboonsod. The cryptocurrency has successfully bounced back from the 25874.30 level and currently maintains its position above the MA200 line. This positive trend suggests that Wave 2 is likely to conclude at 25874.30. Moreover, Bitcoin's price is expected to continue its upward trajectory, with the possibility of a five-wave rise supporting this prediction. For detailed technical analysis and ...

25May

BTCUSD Elliott Wave Technical Analysis May 25 2023

Kittiampon Samboonsod | 25 May, 2023 | 0 Comments |

In Kittiampon Somboonsod's recent Elliott Wave analysis, Bitcoin's price movements suggest a bearish trend. BTCUSD is currently below the MA 200 line, indicating a downward movement. The ongoing correction wave, labeled as ((2)), is still in progress, further supporting the bear market. In the daily chart, Bitcoin is expected to test the 200 MA line as part of the ongoing correction. Kittiampon Somboonsod's technical analysis emphasizes the significance of Elliott Wave patterns in pr...

18May

BTCUSD Elliott Wave Technical Analysis May 19 2023

Kittiampon Samboonsod | 18 May, 2023 | 0 Comments |

Bitcoin (BTC) Price Prediction: Elliott Wave Analysis by Kittiampon Somboonsod suggests a potential end to wave ((2)) at the 25830.60 level, indicating a potential five-wave rise. However, caution is advised as there is a risk of falling below the MA200. Daily charts indicate the possibility of wave ((2)) concluding at 25830.60, with breaking the level of 28338.31 supporting this notion. Despite these observations, the BTC price remains in a downtrend, emphasizing the need for careful trading. S...

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