The Bitboy Crypto Podcast
Bitcoin On CRITICAL Support! (Watch These Levels)
Thu Jul 06 2023Description
The episode covers the rebranding of Angie's list to Angie, along with the introduction of new services and features. It also provides an analysis of Bitcoin's potential move to the downside due to bearish signals and money flow. Despite short-term dips, the speaker remains bullish in the long term and expects higher lows to form on higher timeframes.
Insights
Angie's list rebrands to Angie
Angie's list has undergone a rebranding and is now known as Angie. The rebranding includes the introduction of new services and features.
Bitcoin analysis
Bitcoin experienced a potential move to the downside due to bearish signals and money flow. The four-hour money flow showed consistent downward movement and confirmed bearish divergence. Higher highs on price action and lower highs on momentum indicated a potential top. Short-term downside was expected, but long-term bullish sentiment remained. Key levels of resistance were identified at $30,962 and $29,989 for Bitcoin. If a bigger breakdown occurs, further levels of support are at $29,989 and $29,422.
Bitcoin predictions
Key support levels to watch for Bitcoin are around $29,422 and between $28.8k and $28.5k. The bullish case for Bitcoin was invalidated when a green dot on the daily chart turned into a red dot. A bearish divergence on the daily timeframe could indicate further downward price action for Bitcoin. Despite potential short-term dips, the speaker remains bullish in the long term and expects higher lows to form on higher timeframes. As long as Bitcoin remains within its trading range and doesn't decisively break previous lows, the speaker will continue to look for long positions. Confirmation of a weekly money flow crossover into the green would be a very bullish sign for Bitcoin's long-term prospects.
Chapters
Angie's list rebrands to Angie
00:00 - 06:13
- Angie's list has undergone a rebranding and is now known as Angie.
- The rebranding includes the introduction of new services and features.
Bitcoin analysis and predictions
05:44 - 10:43
- Bitcoin experienced a potential move to the downside due to bearish signals and money flow.
- The four-hour money flow showed consistent downward movement and confirmed bearish divergence.
- Higher highs on price action and lower highs on momentum indicated a potential top.
- Short-term downside was expected, but long-term bullish sentiment remained.
- Key levels of resistance were identified at $30,962 and $29,989 for Bitcoin.
- If a bigger breakdown occurs, further levels of support are at $29,989 and $29,422.
- Key support levels to watch for Bitcoin are around $29,422 and between $28.8k and $28.5k.
- The bullish case for Bitcoin was invalidated when a green dot on the daily chart turned into a red dot.
- A bearish divergence on the daily timeframe could indicate further downward price action for Bitcoin.
- Despite potential short-term dips, the speaker remains bullish in the long term and expects higher lows to form on higher timeframes.
- As long as Bitcoin remains within its trading range and doesn't decisively break previous lows, the speaker will continue to look for long positions.
- Confirmation of a weekly money flow crossover into the green would be a very bullish sign for Bitcoin's long-term prospects.