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Bitcoin-btcusd

Bitcoin: Time To Remove The Party Hats?Bitcoin may be on the verge of compromising the 90K support which I will interpret as a sign that the next broader corrective cycle MAY be beginning (Wave (IV)). IF this is the case, you can remove your Bitcoin 200K party hats for at least a YEAR or two. Gold had a similar outcome a few years back and persisted in a consolidation for two years before it broke out. A corrective cycle does NOT mean Bitcoin is going back to 50K (anything is possible though). It just means a prolonged consolidation may be on the horizon which will provide swing trade and investment opportunities for those who know what to WAIT for. The arrow on the chart points to the 92K support that is in play at the moment. At as long as 90K is not broken, I anticipate at least one more attempt to test the high. This short term up leg is likely to test the 100K area. IF the higher high (break of 108) does not culminate from the next price advance, then it would be wise to reduce risk, lock in profits and LOWER expectations until bullish short term price structure can rebuild itself. IF 90K is broken, the next inflection point on this time frame is the 86K area. Great profit objective for those bold enough to short this thing. If 86K is cleared, then its the low 80K area. Again this is one scenario of countless, the key is confirming the price action that supports this possibility, NOT to expect it. This is NOT a forecasting game, it is a interpreting and adjusting game. With the major holiday week on the horizon, it would be best NOT to expect a LOT of action. Volume typically declines, and movements become very muted or you can get slow grinds that just stubbornly persist to some key level. Either way, it is usually best to avoid such markets, ESPECIALLY if you look at smaller time frames. As far the the highs at 108K, anyone that bought anywhere above 100K is NOW at the mercy of the market. This is why I always warn my followers about buying into highs. Chances are you won't take your profits when the peak unfolds because you won't know its the peak until WAY after the fact. When I hear about people who have NO idea what Bitcoin is, now interested in "investing" in it, that screams THE PARTY IS OVER, for now. The best times to get in are usually when no one is paying attention, and for Bitcoin and the alt coins, that seems to take about a year or two from the peak. If you can't take the heat, don't play with fire (or Bitcoin). Thank for you considering y analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
10
BITCOIN Are you scared enough? Or need to see more pain?Bitcoin (BTCUSD) touched its 1D MA50 (blue trend-line) for the first time in more than 2 months (since October 11) and is rebounding. The first presence of short-term buyers was actually felt on Friday, when the price came close to the MA50 again and rebounded aggressively. This is a natural technical reaction during such aggressive uptrends. The key Support level during BTC Bull Cycles however is the 1W MA50 (red trend-line), which has been supporting since March 2023 and was successfully tested (and held) twice on August 05 and September 06, the last of which was technically the start of the current Bullish Leg. ** The Fibonacci Channel Up ** Bullish Legs are technically part of Channels and this time is no different as Bitcoin has been trading on a Fibonacci Channel Up since the very bottom of the last Bear Cycle in November 21 2021. As you can see, we have classified the price action on this pattern in Phases, each of whom trades within one range upwards, which is why the Fibonacci Channel succeeds at accurately displaying BTC's current logarithmic rise during this Cycle. ** The Phases and the high symmetry ** Phase 1 (blue Channel) traded within the Fib 0.0 - 1.0 range, Phase 2 (green Channel) within the Fib 0.5 - 1.5 range and we expect a 3rd one, Phase 3 (red Channel) to trade within the Fib 1.0 - 2.0 range. As you may assume, there is high symmetry between sequences, Legs and pull-backs within this pattern and the one that stands out is that rallies so far tend to record +100% rises. More specifically, both the April 14 2023 and January 11 2024 Highs of +100% rallies, then pulled back towards the 0.382 Fib retracement level, the first didn't hit it, the second almost did. ** Will we test the 1D MA100? ** But that is the rally that displays the most similarities with the current one and after hitting its 1D MA50, it broke even lower and only found Support and bounced on the 1D MA100 (green trend-line). You can see even how identical their 1D RSI sequences are, which are Channel Down patterns that started showing a bearish divergence much earlier than the top. Right now the RSI is holding the 45.00 neutral level, but the January 2024 and the 2023 fractals turned into a buy on the key 36.00 level, which is bearish territory. Even though Bull Cycles tend to get more and more aggressive as we approach the end of the Cycle and ignore previous Support levels, the 1D MA100 is currently at $79250 and rising, indicating that it can 'meet' the price on lower levels than currently, assuming how quickly the RSI also hits 36.00 (any of the two conditions hits first, the cyclical buy signal can be valid). ** The remainder of the Bull Cycle ** Beyond that, we expect the next High, as we've already entered Phase 3, to be on the -0.5 horizontal Fibonacci extension (as March 13 2024 was) and on the 2.0 Channel Fibonacci ext at a price of $150000, which is the next technical extension of the Channel. After that, you can see that both Phase 1 and 2 started multi-month Accumulation phases with a potential maximum correction to the 0.382 Fib again and as Phase 3 concludes (and possibly the whole Bull Cycle), we may see another +100% rally and a possible Top at $200000. So for the current situation the key question is as mentioned on the title: 'Are you scared enough?' now the 1D MA50 has been tested? Because we may very well drop as low as the 1D MA100 before the Fear & Greed Index turns market sentiment to 'Fear' again and makes the majority misjudge the market activity as they always have. What do you think will happen next? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
1
DAY 3 - Daily BTC UpdateBitcoin must hold the key support level of $92,300 to maintain its bullish outlook and validate the Dragonfly Doji pattern on the daily timeframe. There is conflicting data, with momentum indicating increasing selling pressure, reflected in the formation of lower highs on the daily chart, but the STOCH RSI has bottomed. Bitcoin’s hash rate—the computational power used to mine and process transactions—has risen by 5.48% to 830.78 EH/s, showcasing stronger network security and processing power. Despite this, mining difficulty remains unchanged at 108.52 T, suggesting that while miners are contributing more power, the effort required to mine a block has not yet been adjusted. The Crypto Greed and Fear Index currently stands at 70, indicating market greed. While this sentiment suggests confidence, it could also signal caution as investors may pull back from further price increases after the recent decline. The total cryptocurrency market cap has dropped by approximately 2.9%, with Bitcoin dominance slightly decreasing to 55.1%, reflecting minor shifts in market dynamics. In trading, long liquidations have surged, with over $38 million in Bitcoin long positions liquidated within four hours. This sharp move signals a potential bearish turn, driven by traders taking profits or reacting to external pressures. Despite this, declining trading volume suggests fewer sellers in the market, which could hint at stabilisation or a potential reversal. On-chain data provides a more optimistic perspective. Whale accumulation has increased, and exchange liquidity inventory ratios have declined, signalling that large holders are likely accumulating Bitcoin for longer-term gains or anticipating a price recovery. Moreover, exchange reserves are decreasing, reducing the immediate supply of Bitcoin available for sale. This dynamic supports a potential price rebound if current trends persist. The past 24 hours have been volatile, with Bitcoin leaning bearish in the short term. However, the underlying on-chain metrics—such as whale activity and reduced exchange reserves—suggest that bullish investors still have hope. A buy-the-dip opportunity may arise if Bitcoin forms a higher low in the coming sessions, potentially paving the way for a recovery. I am still Buying the Dips :) PS there were a few more images on the in group update - but not allowed under Trading View Rules - Sorry :(
by LisaNEdwards
Bitcoin in lower timeframes (4H)Bitcoin appears to be within a "Trading Range" on lower timeframes. Within this range, a bearish "QM" (Quasimodo) pattern seems to have formed. To complete the right shoulder of this QM, the price may need to rise to higher levels (red box). It could move from the green box up to the red box. Generally, during the year-end holiday period, many large and small traders need cash and sell part of their assets, causing a mid-level correction in the market. During these days, the market seeks liquidity hunts and fluctuations within a specific range. At this stage, it's advisable to reduce the number of your trades and avoid futures trading to some extent. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
BITSTAMP:BTCUSD
by behdark
Bitcoin Mid TermFirst Impression: The BTC/USD pair appears to have dropped below the $95,000 level and is under selling pressure. Strong support levels are evident in lower regions. The price is retracing toward levels that previously acted as support during bullish moves. Volume Analysis: No notable increase in volume is observed on the chart. This could indicate that the current downward move is a low-volume correction or that the market is indecisive. However, if volume increases, the likelihood of the downtrend continuing may rise. Price Action: The price is trading around $94,000, showing downward movement. Below, key support levels are visible near $90,700, $88,000, and $85,000. These levels have historically been areas where strong buyers stepped in, making them potential zones for price reactions. Positive Scenario: If the price holds at $94,000 and starts a recovery move, it could climb back above $95,000. In this case, $97,500 would be the first target. Sustained movement above this level could push the price back toward the psychological resistance at $100,000. Negative Scenario: If the price drops below $94,000, a decline toward $90,700 becomes more likely. A break below this support level could lead to further declines to $88,000 and then $85,000. This scenario would indicate continued selling pressure. High Probability: Given current market conditions, it is highly probable that the price consolidates between $90,700 and $94,000 for some time. The balance of buyers and sellers in this zone will determine the direction of the next trend. Overall: The BTC/USD pair is trading near a critical support zone. The $94,000 level should be closely monitored; a drop below this level could drive the price toward lower supports. For upward recoveries, $95,000 and $97,500 are the first resistance levels to watch. Strategies should be adjusted based on volume and price action.
BITSTAMP:BTCUSD
by CryptoSignalAPP
Bitcoin Analysis: December 23, 2024 - Consolidation or Rebound?Hello, this is Greedy All-Day. Let’s dive into the Bitcoin analysis for today. Weekly Chart Analysis Looking at the Bitcoin weekly chart, we can identify two main yellow box zones that represent Bitcoin’s historical trading frames. Currently, in the blue box zone, Bitcoin has moved into a new frame. Examining the weekly candles, we see that the current red candle is engulfing the previous week’s green candle. As the weekly close approaches in just a few hours, it is highly likely that this bearish engulfing candle signals a consolidation phase within the frame. If we look at the green box, a similar scenario occurred in the past: after a new high was reached within the previous frame, a bearish candle emerged, followed by approximately 9 months of sideways movement. While it is unclear how long the current frame will last, the appearance of this week's red candle is not a particularly optimistic signal for future bullish momentum. The red box, which has provided support since November 2024, becomes critical. A breakdown below this zone could signify a breach of approximately five weeks of sustained support, increasing the likelihood of retesting the weekly 20-MA or even breaking below it. However, since the red box zone has not yet been decisively breached, it is still possible for Bitcoin to move sideways within the current frame. For those holding long positions, there is no immediate cause for alarm unless the price breaks below 89,400 or fails to hold the support of the weekly 20-MA. If either of these scenarios occurs, it may signal a trend reversal. Keep this in mind as you approach your trades. Daily Chart Analysis The key level to watch on the daily chart is 89,400, which coincides with the entry zone for the Ichimoku Cloud. Since November, Bitcoin has not encountered significant resistance around the daily 20-MA. However, the recent resistance at this level suggests a weakening of bullish momentum. At this point, it’s crucial to determine whether Bitcoin will: Receive support and rebound above the key levels, or Retrace further to 73,800, which was the previous frame’s entry level, and test the short-term ascending trendline. 4-Hour Chart Analysis To confirm a rebound, Bitcoin must first establish a solid foothold above the 4-hour 20-MA. Although there was a brief attempt to break above the 20-MA on December 20, 2024, Bitcoin failed to sustain its position, leading to further corrections. This indicates that surpassing the 20-MA remains a priority before addressing resistance levels. The second critical level to monitor is 99,485, which currently serves as a resistance zone. A breakout above this level would indicate diminishing selling pressure. This would also confirm the current frame's significance as Bitcoin potentially targets the next key resistance near 109,000. Conclusion Is the market overheating, or is a rebound on the horizon? Despite years of observing charts, the emergence of new wealth in this market suggests we are experiencing unique dynamics. Opportunities always arise during cycles, but entering the market during periods of rapid growth often results in losses rather than gains. Sometimes, waiting can be the best strategy. I’ll continue to provide analyses to help guide your trading decisions. Please follow me for more insights!
by Greedy_allday
BTC/USDT Analysis: Is a Key Reversal Brewing?Bitcoin's price action continues to intrigue traders as it consolidates within an ascending channel on the 4-hour timeframe. The recent rejection from the channel's upper boundary at $108,000 indicates that bearish pressure might dominate the short term. Currently, BTC trades around $101,450, testing a critical support level near $102,000. Key Observations: Ascending Channel in Play: The structure highlights an upward trend, with BTC respecting both the upper and lower boundaries of the channel. The dotted midline has acted as a dynamic pivot, influencing price movement over recent weeks. Bearish Breakdown Potential: A clear break below $102,000 could lead BTC toward the next significant horizontal support at $98,236. This level aligns closely with the channel's lower boundary, making it a crucial zone for bulls to defend. Key Resistance Zone: If bulls manage to reclaim $103,000, BTC could retest the midline or even the $106,000 level. However, failure to sustain above the $102,000 support could accelerate a bearish trend. RSI Divergence: Hidden bearish divergence on the RSI suggests weakening bullish momentum, supporting the case for a deeper correction. Expected Scenarios: A retest of $98,000 would provide an excellent opportunity for bullish accumulation within the channel structure. If the price rebounds from the lower boundary, bulls may aim for $106,000-$108,000 in the medium term. A confirmed breakdown below $98,000 might invalidate the channel, opening doors for further downside to $94,000.
Short
by melikatrader94
7
Bitcoin - Please Look At This Timeframe!Bitcoin ( CRYPTO:BTCUSD ) is still totally bullish: Click chart above to see the detailed analysis👆🏻 Please just make sure, that you don't trust Bitcoin with its daily swings of more than -5%. Looking at the overall picture, Bitcoin is still incredibly bullish and almost trading at its all time high. Bulls are 100% in control of everything and some profit taking along the way is just normal. Levels to watch: $70.000, $100.000, $300.000 Keep your long term vision, Philip (BasicTrading)
CRYPTO:BTCUSDLong
by basictradingtv
16
BITCOIN → Bearish Pressure !!!Bitcoin has formed a bearish head and shoulders pattern on the hourly time frame. This pattern could potentially lead to a price drop to around $99,000 after the pattern breaks. But as long as this pattern does not break, we cannot say that the price is bearish. Therefore, we should wait for this pattern to break to confirm a bearish trend. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Short
by CobraVanguard
4
BITCOIN Will the Channel Up hold or has the Fed condemned it?Bitcoin (BTCUSD) is having an impressive sustainable price action within the Channel Up pattern since November 12, which despite yesterday's Fed fueled pull-back, is still holding. If it holds, it may follow the same pattern that it did exactly 1 year ago. As you see, it was again in November 2023 that it traded within a Channel Up, which was supported by the 4H MA200 (orange trend-line) since October 11. After it broke out, the price reached the 7.0 Fibonacci extension level from the October low, before correcting again. The situation is very similar today, the 4H MA200 is also holding since Oct 11, the price also formed a 4H Golden Cross on Sep 18, while both fractals started their impressive rallies around the same date (Sep 06 2023 and Sep 11 2024 respectively). As a result, if the 4H MA200 holds, we can expect BTC to target the 7.0 Fib ext next at $135000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
BITCOIN Next top is going to surprise you but it SHOULDN'T !!Bitcoin (BTCUSD) broke yet another benchmark, the psychological level of $100k. The market cap is growing and many claim that it can't keep rising as the capitalization would be at unrealistic levels. For one capital inflows seem to be very comfortable right now with BTC investments and there are still billions waiting at the side for the right investment in 2025. Fundamentals aside, Bitcoin's historic patterns and price action gives us even more reasons to expect (much) higher prices and a Cycle Top that could surprise many. ** Fibonacci Channel Up ** First of all, we've plotted a Channel Up starting from BTC's first Bear Cycle and displayed the Fibonacci retracement levels on it. As you can see, those fit perfectly and catch each Cycle's tops and bottoms very accurately: 1) June 2011 Top on the 0.618 Fib. November 2011 Bottom on the 0.0 Fib. 2) December 2013 Top on the 1.0 Fib. August 17 2015 Bottom on the 0.382 Fib. 3) December 2017 Top on the 1.0 Fib. December 2018 bottom on the 0.5 Fib. 4) April 2021 Top on the 0.786 Fib. November 2022 bottom on the 0.236 Fib. ** Pi Cycle and MM Bands ** Then we have applied the Pi Cycle trend-lines 1 (orange) and 2 (green), which are key trend Resistance and Support levels respectively, combined with the MMB SD3 above (red trend-line) and MMB SD3 below (black trend-line), which are also historically almost the absolute Resistance and Support levels respectively. In the middle of all these is the 1W MA50 (blue trend-line), which during the Parabolic Rally phases (like the one we are currently on), is Bitcoin's main upward force. ** Covering at least 4 Fib ranges ** As you can see, all Cycles broke above at least the Pi Cycle trend-line 1 (orange) before making a Top. The first two Cycles even hit the MMB SD3 above (red). Also each Cycle has a proportional Fibonacci Channel level range, covering at least 4 Fib bands (as described above). Cycle 1 covered Fibs 0.618, 0.5, 0.382, 0.236 and 0.0. Cycle 2 covered Fibs 1.0, 0.786, 0.618, 0.5, 0.382. Cycle 3 also covered Fibs 1.0, 0.786, 0.618, 0.5, 0.382. Cycle 4 covered Fibs 0.786, 0.618, 0.5, 0.382, 0.236. ** Surprise Top ** The MMB SD3 above (red trend-line) is now below Fib 0.618 and it is less likely for BTC to hit it since Cycle 3 didn't. As a result, it is possible that the next Top will be on Fib 0.5 at best (maximum). If that is succeeded towards the end of 2025, and assuming that the Pi Cycle trend-line 1 (orange) breaks by then as it always has on every previous Cycle, that gives us a target range for the next Cycle Top within $250k - $350k! Do you still think that's unrealistic? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
7
BITCOIN The Volatility Index points to strong consolidation nextLast time we analyzed Bitcoin (BTCUSD) in relation to the Volatility Index (VIX), was 4 months ago (August 22, see chart below) and was an extremely successful projection as we took advantage of the 1W MA50 (blue trend-line) bottom and predicted the $100k Target, which recently got hit: Once more, we decided to seek the (mostly) negatively correlated patterns of VIX (chart on the right) to determine BTC's (chart on the left) price action in the coming months. Based on VIX's Channel Down, the fact that it broke below its 1W MA50 (blue trend-line) and now is rebounding indicates that BTC may be entering a weekly consolidation phase. As you can see on VIX's chart, every time it broke below the 1W MA50 and started rising, Bitcoin entered a multi-week consolidation phase that sometimes was quick and others many months in length. Its 1W RSI is also at a level that relates to all those consolidation phases. In our opinion this consolidation has more probabilities of being similar to December 04 2023 - January 29 2024, as the post August 2024 rally resembles more the rally that started on August 2023. This highlights the high degree of symmetry within Bitcoin's 2-year Channel Up. If it continues to replicate that huge Bullish Leg, then we might as well see the rally peaking upon a +195.27% rise again. That could target $145000 by May 2025, which technically would also be marginally above the 1.5 Fibonacci Channel extension, similar to the March 11 2024 High. So what do you think? Is it possible for Bitcoin to enter a multi-week consolidation now? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
4
Bullish Patterns and Bitcoin: A Roadmap to $125KAs anticipated by many, following Trump’s election, Bitcoin experienced a significant surge. On November 14th, it encountered its first notable correction during this upward momentum. In early December, Bitcoin crossed the critical 100k milestone for the first time. However, this achievement was followed by a swift pullback. Since then, dips have consistently been met with strong buying activity, and as of now, the price has stabilized comfortably above this key psychological level. The price action since mid-November reveals the formation of an ascending channel, a technical pattern that historically suggests a 70% probability of continuation to the upside. A decisive breakout above 107k could confirm this bullish scenario, with a measured target for the next leg up around 125k if the pattern fulfills its statistical expectation.
BITSTAMP:BTCUSDLong
by Mihai_Iacob