Bitcoin forecasts tomorrow Crypto market signals 2024 By Francesco Massetti Posted on 22 October 2024 Condividi su Facebook Condividi su Twitter Condiviso su Google+ Condiviso su Pinterest Condiviso su Linkedin Condiviso su Tumblr Bitcoin short-term and long-term trend Bitcoin short-term and long-term trend Bitcoin Forecast Tomorrow with Crypto Market Signals Bitcoin tomorrow and long-term forecasts with stock market signals resistances and supports using WD Gann cycles and technique. Weekly Bitcoin chart with technical analytical framework weekly bitcoin chart Bitcoin forecasts in Usd soon With the expiry of the March 17, 2024 Set Up weekly, 72-week Permanent Square, the Bitcoin market reached a top at 73,802, on the 1X16 dynamic resistance, plotted in blue and on the partial top of the ascending corridor, 1X2 corner plotted in yellow, pictured above. Since the signal on 17 March, the price trend has changed from strongly directional to negative sideways. The downward trend found its low point in the week of 11 August 2024, on the ascending 1X1 corner, drawn in red. The next low again in the area of the 1X1 corner was reached in the week of 08 September, coinciding with the Square Minimum. On that occasion the Bitcoin started a new positive directional phase ending the trading range phase. During the weekly signal on 20 October 2024, the bullish trend accelerated, reaching the octave static resistance in the 69,000 area. The next signal coincides with the week of 27 October. For prices above 69,430, the short-term positivity will be confirmed: targets and resistances in the area of 72,000; 73,770. For prices below 62,400 Bitcoin will re-establish a negative laterality: supports in the 63,340; 60,390 area. Btc/Usd medium-term outlook btc/usd forecast tomorrow As can be seen in the picture just above, the top reached in March 2024, coincides with the upper half of the medium-term bullish channel formed by the 1X2 ascending rooster angles. Between April and August last year, the cryptocurrency market experienced a very mixed correction, with monthly candles performing negative retracements, followed by significant pull-backs. The last expired monthly set-up was September 2024. During the month of September we witnessed the emergence of a new medium-term positivity. Next targets and resistances are in the area of the upper half of the corridor in October and November at 75,000; 80,300. In order to understand whether prices will break through these resistances to the upside, to project towards the upper side of the channel, we should understand how the market will move with the next medium-term signal expiring in December. Supports in the 60,140 area. Bitcoin long-term technical analysis bitcoin quarterly Also in the long term, Bitcoin yields have reached the upper part of the bullish channel. The next Set Up Quarterly, Minimum Square, coincides with the fourth quarter 2024. If quotations reach above 70,080 the long-term trend will also reverse positively: resistances in the area 76,500; 81,300. Supports in the 49,070 area. The trend analysis with its price/time targets was described using the WD Gann technique with the help of the Top Trader(c) stock exchange software.
