Annual Bitcoin Conference 2024==>>Expectations
Updated
Bitcoin moved as I expected in previous posts. The question here is whether the upward trend of Bitcoin continues or not!?
I apologize for the that the chart is a bit busy. I think all was needed😊.
🌐Breaking News: As I was writing this post, the breaking news was that Joe Biden withdrew from the US presidential election, which can shock financial markets.🌐
Bitcoin is currently moving in the Resistance zone($68,000-$66,170) and Ascending Channel.
According to the theory of Elliott waves, Bitcoin seems to have completed the main wave 3 in the resistance zone, and now we have to wait for corrective waves.
Also, we can see Regular Divergence(RD-) between Consecutive Peaks.
In addition, if we look at the USDT.D% chart, we will notice that USDT.D% is near the Lower line of the Ascending Channel and the Support zone, which I expect USDT.D% to have a little upward trend in the coming days, which will also correct the cryptocurrency market.
As a result, corrective waves can continue until the start of the annual Bitcoin conference 2024, and if Bitcoin breaks the Support lines, the Support zone($64,000-$62,280), 100_SMA(Daily) and 21_SMA(Weekly), we can wait for the CME Gap($60,845-$57,895) to be filled.
-------------------------------------------------------------
Now, let's get some information about the Annual Bitcoin Conference.
The Bitcoin Conference(started in 2011) is an annual event where industry leaders, developers, and enthusiasts gather to discuss the latest advancements in Bitcoin and blockchain technology. The conference features keynote speakers, panel discussions, and networking opportunities, providing insights into the future of cryptocurrency, regulatory issues, and innovations in the space. It's a key platform for sharing knowledge, exploring new ideas, and connecting with others in the Bitcoin community.
My review from 2017 is that the market cap of the cryptocurrency is considerably higher than in the years before 2017.
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The year 2017:
Date: May 22-24
The main market trend: Bullish
Bitcoin changes during the conference(%): +7.66%
-------------------------------------------------------------
The year 2018:
Date: May 14-16
The main market trend: Bearish
Bitcoin changes during the conference(%): -4.27%
-------------------------------------------------------------
The year 2019:
Date: May 13-15
The main market trend: Bullish
Bitcoin changes during the conference(%): +11.87%
-------------------------------------------------------------
The year 2020:Covid
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The year 2021:
Date: June 4-5
The main market trend: Bearish
Bitcoin changes during the conference(%): -5.6%
-------------------------------------------------------------
The year 2022:
Date: April 6-9
The main market trend: Bearish
Bitcoin changes during the conference(%): -6.89%
-------------------------------------------------------------
The year 2023:
Date: May 18-19
The main market trend: Bullish(in correction)
Bitcoin changes during the conference(%): +2.00 %
-------------------------------------------------------------
The year 2024:
Date: July 25-27
The main market trend: Bullish(in correction)
Bitcoin changes during the conference(%): ❗️❓ %
What do you think about the annual Bitcoin conference in 2024? Will Bitcoin continue to rise?
-------------------------------------------------------------
It can be concluded that when the general trend of the market is bullish, Bitcoin has increased during the annual Bitcoin Conference, this review is only based on past data. Another point is that Donald Trump will probably speak at this conference this year, so Bitcoin probably increase in the two days of the annual Bitcoin conference 2024.
But before holding the annual Bitcoin conference in 2024, we can wait for Bitcoin correction.
-------------------------------------------------------------
Bitcoin Analyze (BTCUSDT), 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
I apologize for the that the chart is a bit busy. I think all was needed😊.
🌐Breaking News: As I was writing this post, the breaking news was that Joe Biden withdrew from the US presidential election, which can shock financial markets.🌐
Bitcoin is currently moving in the Resistance zone($68,000-$66,170) and Ascending Channel.
According to the theory of Elliott waves, Bitcoin seems to have completed the main wave 3 in the resistance zone, and now we have to wait for corrective waves.
Also, we can see Regular Divergence(RD-) between Consecutive Peaks.
In addition, if we look at the USDT.D% chart, we will notice that USDT.D% is near the Lower line of the Ascending Channel and the Support zone, which I expect USDT.D% to have a little upward trend in the coming days, which will also correct the cryptocurrency market.
As a result, corrective waves can continue until the start of the annual Bitcoin conference 2024, and if Bitcoin breaks the Support lines, the Support zone($64,000-$62,280), 100_SMA(Daily) and 21_SMA(Weekly), we can wait for the CME Gap($60,845-$57,895) to be filled.
-------------------------------------------------------------
Now, let's get some information about the Annual Bitcoin Conference.
The Bitcoin Conference(started in 2011) is an annual event where industry leaders, developers, and enthusiasts gather to discuss the latest advancements in Bitcoin and blockchain technology. The conference features keynote speakers, panel discussions, and networking opportunities, providing insights into the future of cryptocurrency, regulatory issues, and innovations in the space. It's a key platform for sharing knowledge, exploring new ideas, and connecting with others in the Bitcoin community.
My review from 2017 is that the market cap of the cryptocurrency is considerably higher than in the years before 2017.
-------------------------------------------------------------
The year 2017:
Date: May 22-24
The main market trend: Bullish
Bitcoin changes during the conference(%): +7.66%
-------------------------------------------------------------
The year 2018:
Date: May 14-16
The main market trend: Bearish
Bitcoin changes during the conference(%): -4.27%
-------------------------------------------------------------
The year 2019:
Date: May 13-15
The main market trend: Bullish
Bitcoin changes during the conference(%): +11.87%
-------------------------------------------------------------
The year 2020:Covid
-------------------------------------------------------------
The year 2021:
Date: June 4-5
The main market trend: Bearish
Bitcoin changes during the conference(%): -5.6%
-------------------------------------------------------------
The year 2022:
Date: April 6-9
The main market trend: Bearish
Bitcoin changes during the conference(%): -6.89%
-------------------------------------------------------------
The year 2023:
Date: May 18-19
The main market trend: Bullish(in correction)
Bitcoin changes during the conference(%): +2.00 %
-------------------------------------------------------------
The year 2024:
Date: July 25-27
The main market trend: Bullish(in correction)
Bitcoin changes during the conference(%): ❗️❓ %
What do you think about the annual Bitcoin conference in 2024? Will Bitcoin continue to rise?
-------------------------------------------------------------
It can be concluded that when the general trend of the market is bullish, Bitcoin has increased during the annual Bitcoin Conference, this review is only based on past data. Another point is that Donald Trump will probably speak at this conference this year, so Bitcoin probably increase in the two days of the annual Bitcoin conference 2024.
But before holding the annual Bitcoin conference in 2024, we can wait for Bitcoin correction.
-------------------------------------------------------------
Bitcoin Analyze (BTCUSDT), 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Trade closed manually
Note
⚠️Breaking News: The market is excited about Biden's withdrawal from the US elections.⚠️, be carefulNote
Still valid.Note
If BTC touches $65,750, more dump. it is running well right now.Trade closed: target reached
First Target DoneTrade closed: target reached
Second Target DoneNote
It was exactly the right move, and it started to rise again with the start of the annual Bitcoin conference in 2024.
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