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02/12/24 Weekly outlookLast weeks high: $98,894.77 Last weeks low: $90,786.17 Midpoint: 94,840.47 Last week was all about altcoins as Bitcoin takes a backseat after a the "Trump pump" rally. Consolidating just under the $100K big even level has seen rotation into Ethereum finally and more surprisingly dino-coins such as XRP, LTC and more. XRP has rallied to ATH (+300%) in less that 1 month, the news that Gary Gensler will be stepping down and with that the SEC's tirade on Ripple. The momentum and talk of the space is with XRP for now as it overtakes the Mcap of Tether to go 3rd! This comes at a time where typically BTC profits rotate into ETH and yet a lot of the capital has gone into XRP instead and so Ethereum is still way behind, BTC, SOL, XRP are all at ATH. With the new month beginning we typically see a shaky start to the month, especially after such a strong close. The fear and greed index for BTC is @ 80, that's down from 94 in the week previous (mid November). The drop off is also evident in the BTC.D dropping 3% as alts move up. This week I'm focused on where we are in the cycle, many alts are climbing and of course the $100K event for BTC. I believe we are not anywhere near the cycle top, any on-chain indicator would support that but that does not necessarily mean we aren't close to a local top. A strong bearish divergence has emerged on the weekly and that is cause for concern, overbought RSI high fear and greed and euphoric sentiment on the TL. Any new longs are extremely risky for now (LTF not HTF) without any fresh bullish news events. Price currently at midpoint, hard to tell how deep the monthly open sell-off will be, a quick wick with fast recovery will be bullish but a slow bleed would be more worrisome.
by ProR35
1
BTCUSD Breakout Alert: Head and Shoulders Pattern Targets $108K!Bitcoin is showing a textbook Head and Shoulders breakout, with a potential move above the neckline (dotted line). The projected target for this bullish structure points toward $108,000, marking a significant continuation of the long-term uptrend. Entry Idea: On retest of the neckline or consolidation above the breakout zone. Stop-Loss: Below the right shoulder for risk management. Take-Profit Target: $108K, in line with the projected breakout target. Keep an eye on volume too. Disclaimer: This is not financial advice. Conduct your own analysis and manage risk accordingly. Follow for more.
Long
by cryptechcapital
Bitcoin Faces Strong Resistance Key Levels to Watch as $100K Bitcoin is currently facing significant resistance levels, with key price points on the chart acting as crucial barriers to further upward movement. The first major resistance line is at $94,474.97, and if Bitcoin can break through this level, the next hurdle will be at $96,122.29. If Bitcoin manages to surpass both of these levels, it will face a critical test at the $100,000 mark, which could prove to be a very tough resistance level. The $100,000 level will likely be especially challenging due to a large number of traders holding short positions at that price point across various platforms. These short positions create significant selling pressure, which could make it harder for Bitcoin to push past this psychological and technical barrier. With many traders betting on a decline at or near this level, any attempt to breach it could trigger large-scale liquidations or market reactions, adding to the difficulty in breaking through. Overall, Bitcoin faces a strong resistance zone, and overcoming these levels could require not only sustained buying pressure but also the ability to absorb and overcome the large number of shorts positioned against it.
GEMINI:BTCUSD
by CryptocurrencyWatchGroup
25/11/24 Weekly outlookLast weeks high: $99,591.61 Last weeks low: $89,381.02 Midpoint: $94,486.31 Crypto continues to climb! Bitcoin less than 0.5% off the famous $100,000 milestone, we could see it broken this week if momentum is to continue going into month end. Last week we saw a steady climb from Monday to Friday with a similarly steady sell-off over the weekend, mostly due to lack of institutional buying that we've been used to since the Trump election win. This drop in buyers over the weekend naturally brings price down as the buyside demand drops, however it is expected to return during the weekdays. Altcoins benefited from this reduction in BTC buyers with a shift from institutional whales to more retail players over the weekend. I expect to see the momentum return to BTC during the week. We saw BTC ETF options trading launch last week with 83% of hundreds of millions of dollars in volume betting on the price being higher, one contract of which (C100) expires on 20th Dec says BTC price will double in 1 month! This week the question is will we see $100k, and what will happen if we do? Naturally there is a psychological importance to a big even number like this, and for retail investors that could be considered as a big thing, a possibly bearish level as retail takes profit, the story hits the mainstream news and creates a sell the news event? In previous cycles I would have said that was very possible, however, now the market is driven by institutional investors, ETF's and whales. These people are not interested in these 'big even numbers', they're interested in the bigger picture and for that reason I could see BTC blasting through $100,000, catching retail sidelined and having them panicking to re-enter, that's when a possible pullback could happen as that would be max pain for retail. I do think a pullback is coming eventually but for now the structure is very positive, shallow pullbacks are being bought up quickly with HH's & HL's consistently. For this week I am looking at ETH against BTC as it looks to claw back some gains having been left behind this cycle so far. Altcoins are looking good too, the longer BTC pauses the more money will flow into alts, however any significant pullback in BTC will nuke alts as it has all year.
by ProR35
Bitcoin: $300k by 2025Long-term Bitcoin analysis using a logarithmic scale. As shown, Bitcoin remains in the long term trend lines set by the top and bottom of the 2014 bear market, if Bitcoin is to remain in these trend lines, it needs to start making an upwards move in early 2019. I have also drawn a few curves that Bitcoin could follow if it is to fall below the trend line. My first price target is $100k which I expect to be met between mid 2020 and mid 2021. I then anticipate another 12-16 month bear market before finally resuming the bull market and heading towards $300k between 2025 and 2026; I have chosen $300k as that would put Bitcoin on a slightly smaller market cap than gold assuming that 20 million coins had been mined ($6 trillion). Finally, I have indicated accumulation zones in green, currently between $5.7k and $7k, I expect to move out of this range within the coming few months. Then similarly in the 2022/2023 bear market I expect Bitcoin to fall 60-70% and accumulate between $30k and $40k range.
BITFINEX:BTCUSDLong
by tobymortimer
2
BTCUSD - 100k but not an easy path..COINBASE:BTCUSD has had a fairly decent run this year and looks like it will continue. The path seems to be filled with decent Pullbacks to scare a few people but overall looking like 100k will be the major target for now. The multi year ABCD from the 2020 low gives us a target around the next major level of 80k. The question now is if this PB we had from Thursday is done or will we see one more move lower to the 382 from this move up around the 60k level. There are a couple of major turn points coming up that I will post. I will take a look at the shorter TF as well to give some levels to watch. US Interest Rate decision on Wednesday this week as well will move the market as well.
COINBASE:BTCUSDLong
by L_F
BTC/USDT WILL DCA WHALES EXPLODE BTC AFTER 74K TO 100KThank you for reading this update. Bitcoin (BTC) appears to be in a crucial area known as the Dollar-Cost Averaging (DCA) whale protection zone. This zone is significant for maintaining the current trend, as it acts as a security zone for the ongoing DCA cycle, which remains intact. We have been tracking BTC since it reached $53K and are now monitoring it as it approaches the next target of $74K. If BTC can confirm a move to $74K, there is a high likelihood of a major breakout to $100K. We find it essential to stay updated with the volume trends and observe the cycle's progress. At this moment there is no confirmation for a breakdown trend and BTC stays positive and into the cycle. Data shows that high-volume DCA whales are not investigating for just the short term, it's a goal that can take at least 6m+, and this can be tracked depending on the transaction data. * With DCA whales means the known large firms and the unknowns holding wallets.
Long
by SatochiTrader
7
📊 Bitcoin Fractal Analysis: Parabola Rhyming Reprint 🔄📈 Analyzing Bitcoin's price action in relation to fractals, especially when comparing periods like April 2020 to April 2021 with April 2023 to April 2025, can offer insights into potential price patterns and trends. 💡 Fractals in financial markets suggest that similar patterns repeat over time, albeit not always with exact precision. 🚀 From April 2020 to April 2021, Bitcoin witnessed a remarkable rally, starting from around $7,000 and peaking above $60,000, followed by a significant correction. 🔍 During this period, several factors influenced Bitcoin's price, including increasing institutional adoption, growing retail interest, macroeconomic uncertainty, and market sentiment swings. ⏳ If we observe a similar fractal from April 2023 to April 2025, we might anticipate a comparable pattern of bullish momentum followed by consolidation or correction. ⚠️ However, it's essential to approach such analyses with caution, considering the numerous dynamic factors impacting Bitcoin's price dynamics, including regulatory developments, technological advancements, macroeconomic conditions, and market sentiment. 🔍 While historical fractals can provide valuable insights into potential price movements, they are not deterministic indicators of future performance. 📚 Investors should complement fractal analysis with fundamental research and risk management strategies to make informed decisions in the volatile cryptocurrency market.
INDEX:BTCUSDLong
by Shibunacci
BTCUSD to 85KINDEX:BTCUSD is looking ready for another big move up. Currently we are squeezing into the tip of a steep ascending wedge of which we failed to break the top of for now. But when we do, its gonna pump hard. Damn these last few months have been exciting to trade! We bounced hard of that macro line (blue), which belonged to a large descending wedge we broke out of (20-01-2023). I consider that validation we weren't going down anymore... That big pump, is an impulse of that validation, so expect 2 more waves up, straight back into the price area Bitcoin belongs in. (Macro red top line to Macro grey bottom line) I've plotted some similar waves onto the chart from similar moves on INDEX:BTCUSD to get an estimation on how price could flow through time. Have fun trading! Keep SAFU and remember to be patient.
INDEX:BTCUSDLong
by MVPMC
12
BTC time to switch ?As things stand BTC will more likely break the ATH , been wrong past 6 months trying to catch a reversal , but i was playing also both sides.Half of my capital currently is invested. I am still sitting on cash with more than 50% of my portofolio in usdt. If we start breaking ATH first target is 86k based on fibonacci but also when looking at 2 previous highs there is a trendline that extends and it correlates with fib extension . First fib extension is 86k , second one is 106k. I still think a 30-40% drop has to occur. If that happens ,buy the dip mode will be ON.
BITFINEX:BTCUSDLong
by CrocoCrypto
Expanding Wedge - 100K Target 🎯🚀 Ever heard of the megaphone pattern, also known as the expanding wedge? It's like a trading puzzle waiting to be solved. Let's dive into this intriguing pattern, its dynamics, and the buzz around Bitcoin's potential target of $100,000. 🔍 The Expanding Wedge: Imagine drawing trendlines that widen instead of converging – that's the megaphone. This pattern signifies increasing volatility as prices swing wider highs and lows. It's like the market's way of saying, "Buckle up, things are about to get exciting!" 📈 Dynamic Price Action: The megaphone pattern typically occurs during periods of uncertainty, where traders and investors grapple for control. The widening range showcases heightened price swings and potential trend reversals. 💡 Unveiling Targets: While patterns provide insights, they're not crystal balls. The megaphone pattern doesn't directly dictate price targets, but it does hint at increased volatility and potential market shifts. 🎯 Bitcoin's $100,000 Buzz: The $100,000 Bitcoin target has been a topic of speculation and excitement. While the megaphone pattern might not be the sole driver, the expanding volatility it represents aligns with the rollercoaster journey towards new heights. So, what's the takeaway? 📊 The megaphone pattern is a visual cue that volatility is on the rise, which can lead to significant market moves. While it's exciting to speculate on targets, it's important to consider various factors that contribute to price movements. Stay curious, keep an eye on those expanding triangles, and remember that trading is like solving a puzzle – each piece contributes to the bigger picture! 🧩🚀
INDEX:BTCUSD
by AlexWhale
1
BITCOIN THE MAP Break the green line ... then all in! (with confirmed break out) . road to 100k bitcoin cant dies. to the MOON The live S.C. Corinthians Fan Token price today is $0.351174 USD with a 24-hour trading volume of $59,408.80 USD. We update our SCCP to USD price in real-time. S.C. Corinthians Fan Token is down 3.66% in the last 24 hours. The current CoinMarketCap ranking is #1351, with a live market cap of $961,454 USD. It has a circulating supply of 2,737,829 SCCP coins and a max. supply of 20,000,000 SCCP coins. If you would like to know where to buy S.C. Corinthians Fan Token at the current rate, the top cryptocurrency exchanges for trading in S.C. Corinthians Fan Token stock are currently MEXC, DigiFinex, and Chiliz. You can find others listed on our crypto exchanges page. The S.C. Corinthians Fan Token allows $SCCP fans to have a tokenized share of influence on club decisions, purchased through the consumer-facing platform, Socios.com, fans can engage in a wide variety of club decisions, for example, choosing a goal celebration song or deciding which MMA fighters should face off and in doing so, earn rewards and money can't buy experiences. Experiences like... having the opportunity to meet and greet with players of their favourite club, receiving VIP treatment at their favourite stadium & much much more. To obtain Fan Tokens, fans must purchase Chiliz (CHZ) Tokens via Socios.com which then can be used to buy $SCCP Fan Tokens. Fan Tokens are initially sold in a Fan Token Offering or FTO. FTOs are the initial sale of Fan Tokens which allows fans to buy the Fan Token at a fixed price. work in a similar way to flash sales and are designed to be a fair way for new partnerships to launch Fan Tokens on the Socios.com platform at a discount. At pre-launch a proportion of the total Fan Token supply is made available to users before being listed on the worlds first tokenised sports and entertainment exchange, Chiliz.net. This enables dedicated fans to gain early access prior to Fan Token launches which will be made accessible to everyone. The growing list of partnerships launching their Fan Tokens on the Socios.com platform include some of the biggest sport organisations in the world from the likes of major European soccer teams FC Barcelona, Paris Saint-Germain, Juventus, AC Milan, Manchester City, MMA giant UFC, NASCAR Roush Fenway Racing, NHL New Jersey Devils, Formula One Aston Martin, and the Argentine Football Association.
BITSTAMP:BTCUSDLong
by TrojanBible