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BTCUSD Daily Market Analysis 25 Oct 2024 by Kohinoor Free VIP Signals

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current BTCUSD live price of $67,678


🔹BTCUSD Intraday Trading Signals

🥇 FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals


  1. Buy Signal

    • Trade Entry: $67,500

    • Stop Loss: $66,800

    • Take Profit 1: $68,200

    • Take Profit 2: $69,000


  2. Sell Signal

    • Trade Entry: $67,900

    • Stop Loss: $68,400

    • Take Profit 1: $67,100

    • Take Profit 2: $66,500

Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital, and you should only trade with money you can afford to lose. Please ensure that you fully understand the risks involved and seek independent advice if necessary. Not Financial Advice. Trade at your own risk. Take Partial Profits, Use Strict Stop Loss, and Proper Risk Management.

🟡BTCUSD Market Analysis on Daily and 4-hour Timeframes

Daily Overview: BTCUSD

The BTCUSD market is currently bullish, trading at $67,678, with signs of further upward movement. Analyzing the daily timeframe, we can see that Bitcoin is moving within a strong uptrend, supported by critical technical indicators.

Key Indicators for Analysis:

  1. Support & Resistance Levels

    • Daily Support: $67,000

    • Daily Resistance: $68,500

    • 4-Hour Support: $67,200

    • 4-Hour Resistance: $68,000

  2. Fibonacci Retracement Levels

    • Daily Swing High: $69,000

    • Daily Swing Low: $66,500

    • Key Fibonacci levels to watch: 23.6% ($67,725), 38.2% ($67,400), and 50% ($67,000).

  3. Exponential Moving Averages (EMA)

    • Daily EMAs:

      • 50 EMA: $66,900

      • 100 EMA: $65,500

      • 200 EMA: $64,000

      • 400 EMA: $62,500

    • 4-Hour EMAs:

      • 50 EMA: $67,400

      • 100 EMA: $66,700

      • 200 EMA: $65,800

      • 400 EMA: $64,500

  4. RSI Divergence: On the 4-hour chart, there is bullish RSI divergence, indicating that prices may continue to rise. RSI stands at 65, approaching overbought levels but still showing room for upward movement.

  5. Order Blocks:

    A significant bullish order block was formed at $66,800, signaling strong buying pressure in this region. Watch for a potential breakout above this level.

  6. MACD:

    The MACD line is trending above the signal line on both daily and 4-hour charts, showing bullish momentum. The histogram is also expanding, confirming upward strength.

🔍 Weekly and Daily Pivot Levels

  1. Weekly Pivots:

    • Pivot Point: $67,300

    • R1: $68,200

    • S1: $66,400

  2. Daily Pivots:

    • Pivot Point: $67,500

    • R1: $68,100

    • S1: $67,000

📰 USD News Impact on BTCUSD

This week, the US Federal Reserve is expected to release key inflation data. Higher-than-expected inflation figures may cause the USD to weaken, boosting BTCUSD prices. Additionally, keep an eye on the upcoming FOMC minutes for hints on future interest rate decisions, as these could further impact the market.

💡BTCUSD Daily Analysis Summary by Kohinoor Free VIP Signals

🥇 FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals


BTCUSD

Summary of Key Levels:

  1. Support & Resistance

    • Daily Support: $67,000

    • Daily Resistance: $68,500

    • 4-Hour Support: $67,200

    • 4-Hour Resistance: $68,000

  2. EMA Levels

    • Daily EMA: 50 EMA at $66,900, 100 EMA at $65,500

    • 4-Hour EMA: 50 EMA at $67,400, 200 EMA at $65,800

  3. Weekly Pivots:

    • R1: $68,200

    • S1: $66,400

  4. Fibonacci Levels:

    • 23.6% at $67,725

    • 50% at $67,000

📑 FAQs

1.Why is Kohinoor Free VIP Signals the best signal provider? Kohinoor Free VIP Signals offers free trading signals, educational resources, and daily market analysis for traders. Get free Forex e -books here. 2.Which brokers are trusted for Gold Forex Crypto trading? Based on client feedback, we recommend:

3.Can beginners use Kohinoor Free VIP Signals? Yes, beginners can access educational materials, videos, and daily market analysis from Kohinoor to enhance their trading skills.

4.What are the top indicators for BTCUSD trading? The best indicators include EMA, Fibonacci Retracement Levels, RSI Divergence, and MACD.


5.Is BTCUSD affected by US economic data? Yes, BTCUSD is highly influenced by US economic reports such as CPI, Non-Farm Payroll, and Fed interest rate decisions.

6.What is the best crypto signals WhatsApp group for reliable trading signals? The best crypto signals WhatsApp group for reliable trading signals is Kohinoor Free VIP Signals. It offers timely updates, free crypto trade setups, and live market analysis to help traders stay informed.


7.Which are the best crypto signals Telegram channels to join? Some of the best crypto signals Telegram channels include @Kohinoorfreevipgoldforexsignals, known for accurate signals, educational resources, and insights on crypto market trends and trading setups.


8.How to start learning about trading? Explore Kohinoor's educational resources for step-by-step training guides and videos.


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