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Bitcoin-btcusd

Bitcoin's Path: From Past Performance to 2025 ProspectsConsider the journey of Bitcoin: from its humble beginnings valued at mere pennies to surpassing $60,000 over the past fifteen years. While many foresee Bitcoin's continued ascent over the next decade and a half, what about its trajectory in the near future? Let's delve into some speculation about where Bitcoin might be headed by 2025. Despite its notorious price volatility, Bitcoin has followed a surprisingly consistent pattern since its inception in 2009, cycling through roughly four-year phases. These cycles align with Bitcoin's halving events, which occur every 210,000 blocks added to its blockchain. Each halving event reduces Bitcoin's inflation rate by half, creating a supply shock that historically drives its price upward, even if demand remains steady. Typically, this four-year cycle unfolds predictably. It begins with a bear market phase, as observed in 2022, marked by a sharp decline from a peak. The subsequent year often brings a recovery phase, akin to the upward trend seen in 2023. The third year, which includes the halving (as seen in April), usually witnesses significant price increases due to anticipation of reduced supply. If history repeats itself, the fourth year—2025 in this scenario—tends to see substantial gains for Bitcoin. While no outcome is guaranteed, Bitcoin appears to be adhering to its historical cycle. Assuming this pattern persists, we can speculate on its 2025 price based on past performance. Let's first consider 2024, given Bitcoin's recent halving in April. Halving events have a profound impact on Bitcoin's price. After the first halving in 2012, Bitcoin surged 119%. Four years later, in 2016, it climbed 93%. Following the 2020 halving, it soared by 174%. On average, Bitcoin has historically increased by approximately 125% during halving years. This historical context sets the stage for projecting Bitcoin's trajectory into 2025. If Bitcoin were to grow by 125%, starting from its price at the beginning of 2024, a $99,000 Bitcoin by the end of the year would be a reasonable expectation. Considering Bitcoin has already appreciated by approximately 60% this year, achieving another 60% increase to meet historical norms might seem significant. However, Bitcoin has demonstrated in the past that it can achieve such gains in a matter of months. If 2024 follows this trajectory, a near-$100,000 Bitcoin to start off 2025 would be impressive and present a compelling investment opportunity. Historical data suggests that the full impact of Bitcoin's halving event typically unfolds in the year following the halving. After Bitcoin's first halving in 2012, it surged by an extraordinary 840% in 2013. Following the 2016 halving, it saw a 331% increase in 2017. Then, after the 2020 halving, it rose by a solid 174%. On average, Bitcoin has historically gained around 400% during these post-halving years. Projecting from a starting point of $99,000 at the beginning of 2025, a 400% increase could potentially elevate Bitcoin's price to nearly $500,000 by the end of the year. It's essential to note that past performance does not guarantee future results. However, the continuation of Bitcoin's established four-year cycle remains compelling. The full impact of the halving typically takes at least a year to materialize. Even if Bitcoin falls short of the average gains seen in post-halving years in 2025 or if the cycle deviates, Bitcoin's unique attributes—such as its finite supply of 21 million coins, industry-leading decentralization, and robust security—suggest it holds significant long-term potential compared to other assets. Bitcoin has established itself as the quintessential cryptocurrency, poised to continue its journey of price appreciation for years to come.
BITSTAMP:BTCUSDLong
by FOREXN1
5
BITCOIN on the most critical 1DMA50 test. Hard rally if it holdsBitcoin (BTCUSD) is testing today the 1D MA50 (blue trend-line) for the first time since July 19, on the most important 'break-and-pullback' re-test since October 11 2023! That was the last time BTC re-tested the 1D MA50 as a Support after a recent break-out, following the April 14 2023 - September 11 2023 Bearish Leg of the 21-month Channel Up that started back at the bottom of the last Bear Cycle in November 2022. Despite marginally breaking below it on the re-test, it managed to sustain candle closings above it and that kickstarted the October 2023 - March 2024 rally. As a result, we expect a similar rally to start if the same closing conditions hold, which will technically be the Channel's new Bullish Leg that may finally hit the $100k psychological benchmark. It has to be said also, that next week's Fed Rate Decision or at least a hint towards the September meeting will undoubtedly have a huge impact on it. But what do you think? Will the 1D MA50 hold again and initiate that rally? 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
Key levelsConsidering the ascending trendlines and the price being above the Ichimoku cloud, the current trend of Bitcoin to Tether is bullish. To maintain this uptrend, the price needs to surpass the resistance at $67,424 and move towards the next resistance at $69,686. If the price decreases, the supports at $65,264 and $63,618 can act as key levels to prevent further decline. Main Resistance: Located at $69,686, which is a level where the price has stalled multiple times. Next Resistance: Located at $67,424, which the price is currently trading near. Main Support: Located at $65,264, which can act as a support level if the price declines. Next Support: Located at $63,618, near the Ichimoku cloud.
by MonoCoinSignal
2
$BTC is heading to a major bearish retest?I sense #btc #bitcoin price may have a fake out, take liquidities around 72 - 77K and a declination around 75K scenario will lead #btcusd to its last leg of major correction. I called the major correction in mid march at 73K and gave 1st wave target 57K and now if this scenario does not invalidated, the last wave must end around 44 - 48K. If #btcusdt breaks out 80K permanently with weekly closings, this bearish retest will be invalidated. Not financial advice.
by naphyse
B I T C O I N So, I believe it's a bit premature to get excited over these most recent bull rallies. Why? It's due to multiple reasons, which I'll share with you all. -Price is reaching the A.T.H. -MH will be hit for 1st time -Price haven't retraced after breaking multiple key levels -Monthly divergence 🐻 -Weekly high's 2nd hit Seeing that price swept the weekly M.R.L. while also running into the EQ, I can see how most will look at this as a sweep for bull continuation, which it is! However, I am viewing it as a set-up for what's truly about to take place (IMO), which is a sweep of equal highs in order to begin the retracement phase to the downside. The range I'll keep an eye on to see when price action start to flip bull/bear is $76K - $80K, and I wouldn't be surprised if the process starts sometime this upcoming week from the H1/H4 perspective. A.O.I. $31,900 - $45,600 S.S. $35,200 I can very well be wrong on my analysis, and if I am, I'll look for the new weekly low ($55,600 - $55,900) to hold for further bull continuation. We all shall see..
BINANCE:BTCUSD
by ChrisJTradesFX
BTC still looks good to head higher,still upside bias Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Last week mentioned about its bullishness...and it went up higher..this week at the current 67-68k might face some headwinds. But Clearing this should see more up side to last high at 72-ish! Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
ICMARKETS:BTCUSDLong
by Shadowing_The_Big_Boys
BTC → towards $73kThe chart provided shows a 4-hour Bitcoin (BTC) price analysis with USDT as the quoted currency for Binance. Let's break down the technical analysis: Trend and Pattern Analysis 1. Descending Wedge Breakout: - The price was previously in a descending wedge pattern, marked by converging trendlines. - The breakout from this wedge occurred around July 11th, indicated by a sharp upward movement. This breakout is typically bullish, suggesting a reversal of the downtrend. 2. Resistance and Support Levels: - Current Resistance: Around 66,446.00 USDT, which the price is testing currently. - Support Zones: Significant support can be seen around the 62,500.00 USDT level. - Future Resistance Targets: - 69,577.08 USDT: The price is expected to face resistance here after the current level. - 73,184.17 USDT: This is the next significant resistance level following 69,577.08 USDT. RSI (Relative Strength Index) Analysis - The RSI is currently around 64.08, slightly below the overbought threshold of 70. - Divergence Noted: A bearish divergence is marked on the chart, where the price made a higher high, but the RSI made a lower high. This could suggest weakening momentum and a potential for a short-term pullback. Price Projections - The projected price path indicates a potential minor pullback from the current resistance level. - Following this pullback, a rise towards the 69,577.08 USDT level is expected. - If the price manages to break this resistance, the next target is the 73,184.17 USDT level. Summary - Bullish Outlook: The breakout from the descending wedge and the overall uptrend suggest a bullish sentiment. - Short-term Caution: The bearish divergence on the RSI indicates the potential for a short-term pullback before continuing higher. - Key Levels to Watch: - Immediate support at 66,446.00 USDT. - Resistance at 69,577.08 USDT and 73,184.17 USDT. Trading Strategy - Long Position: Considering entering on a pullback to a support level with targets at 69,577.08 USDT and 73,184.17 USDT. - Risk Management: Place stop-loss orders below key support levels, particularly below 62,500.00 USDT, to manage risk in case of a false breakout or deeper correction. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
8
Bitcoin - Next Resistance is Previous ATHAfter price has consolidated around the 200 EMA range price has bounced back from the 200 EMA. Also price has broken local resistance around 65K which was crucial to for the bullish trend to continue. Currently price is around 67K and heading towards the resistance which is around the previous ATH 73K (overall resistance zone is around 70-73K range) I'm expecting price to easily breach the 75K barriers and we have decent trade opportunity here. We can enter a long trade at the current price with local support of 65K as the SL Entry Price: 67K Stoploss: 64K Target 1: 68K Target 2: 69K Target 3: 70K Target 4: 72K Don't forget to keep stoploss. Cheers! GreenCrypto
Long
by GreenCryptoTrades
3
One more short before... Hello, friends! 💙💛 In recent days, Bitcoin has shown significant growth, attracting the attention of many investors and traders. But are You ready for a possible price drop before the next surge? Let's dive deeper. On the hourly chart, Bitcoin's price has risen to new heights, but it is now trading close to a key support level. It's anticipated that before any further upward movement, the price might dip to the $60,500 level. This level is a crucial support that could become the launchpad for a new strong upward move. What Should You Consider? Support and Resistance Levels: The $60,500 level acts as significant support. If the price reaches and holds this level, it could signal the preparation for a new powerful upward movement. Historical Data: Historical data shows that such corrections are common before strong bullish moves. This might be an opportunity for those looking for optimal entry points. Action Plan: 🔶 Monitor the $60,500 Level: If the price drops to this level, it could be a good opportunity to enter the market. 🔶 Analyze the Market: Use various analytical tools to confirm your expectations. 🔶 Be Ready for Volatility: The cryptocurrency market is known for its volatility, so be prepared for unexpected changes. Let’s watch the developments together! Your thoughts and comments are always welcome.🫶 Thanks for Your attention and support! Always Yours, Kateryna🩷
COINBASE:BTCUSDShort
by RocketBomb
18
BITCOIN LONG TO $77,000 (4H UPDATE):If you go back & check the original analysis, you'll see we had 2 options on how Bitcoin will turn bullish & so far our first option is playing out. We've seen a break of structure to the upside, as price has taken out the last high of $63,700 indicating a bullish structure is now in play. Patiently waiting for a retest of our new supply zone at $61,600 - $59,300 before entering a buy position🤙🏽 CONFLUENCES: ⭕️Wave 4 (3 Sub-Waves A,B,C) Complete. ⭕️Wave 5 Still Pending. ⭕️Liquidity (Double Top Trap) Sitting On The Upside.
BITSTAMP:BTCUSDLong
by BA_Investments
Bitcoin: Watch Retrace 55K Area.Bitcoin has retraced back to the 60K resistance (as anticipated by previous scenario). As a previous major support level it is likely to act as a new resistance within this broader range bound structure. While there is no confirmation or reason to sell at this time, the 60K to 62K area still serves as a potential bearish reversal point at least for the shorter time horizon (coming week). Such a location can offer aggressive short opportunities for traders who employ lower time frame strategies. The key in these situations is CONFIRMATION along with LOW expectations. As important reminder, markets are MOSTLY RANDOM. Price adjusts as new information is processed by the MARKET, NOT what you "think" is going to unfold. My goal is to isolate a small range of scenarios that are more likely to unfold over the next week or two. These scenarios are based upon the broader trend and historical inflection points. These data points CANNOT forecast the future with any accuracy but they can help to assign probabilities. When you are dealing with probabilities, that means there is a chance you can be WRONG. Since the chance of being wrong is about 50%, RISK must be carefully assessed in order to determine if a trade is worth taking. The professional looks to minimize and control risk while the novice focuses only on potential profit (and dreaming about Ferraris). In the case of Bitcoin in the 60K area, based on previous activity, there is a greater chance of a minor retrace. This situation is attractive for smaller time frame shorts which require specific confirmation (Trade Scanner Pro). It is important NOT to get carried away with where such a short can go in the future. If you notice, it is always after an extreme move, (like the test of 53K) all of the "experts" start calling for 45K, and not a reversal to 60K resistance. My Trade Scanner Pro signaled a long on the hourly off the 53K support that was worth 3K points for 1.6K point risk. It is also important to note that the general area between 52.5 and 56.5 is a proportional reversal zone (compared to the previous 56K low). This is not something I can explain here in detail but the key take away is: this area should be considered a high probability zone for BULLISH reversals. Which brings me to this point: Any retest of this area followed by a bullish confirmation not only offers a high probability swing trade long, but one with great potential. What makes this most attractive is the relatively low amount risk associated with this scenario (see arrow). Think about it: which location carries greater risk to longs, 70K (near range high) or 53K (near range low within broader bullish structure)? The most common novice mistake I see is "reacting" to what you see. This is a game where the reality of what is actually moving price is hidden from us. Reacting means you are rooting decisions and taking risk on information that is typically irrelevant to the real catalyst. We are often fooled into believing the "real" catalyst is the news at hand, etc. Which is usually only part of a much more complex puzzle. Instead of trying to solve the puzzle, I look for the least amount but more effective information points to assess probabilities and risk, without paying ANY attention to outside factors such as news, expert opinions, complex charts, etc. Less is more in a game where 99% of the info you consume is not relevant. So for the coming week, I anticipate a minor retrace, possible double bottom (see illustration). Good for aggressive shorts for traders on small time frames. At the same time, I do respect the possibility that price may continue through 60K and potentially reach the 62K to 63K area which can be good for momentum continuation patterns. Which scenario you choose and what expectations to associate will all depend on your style, personal risk parameters and time frame. Like I demonstrated in a recent meeting, first you choose the type of trade you are looking for, day trade or swing trade. That decision BEFORE even looking at a chart will shape how you assess risk, potential and context for the entirety of your personal decision making process. This is NOT about forecasting the future, its about assigning probabilities and then LETTING THE MARKET confirm or NOT. If you "think" you lose because the market is ALWAYS right. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
30
BITCOIN A 'game' of angles...This isn't the first time we post this chart on Bitcoin (BTCUSD) and the relevance that its Cyclical Angles have but it is an added step with its RSI and phases. We are on the 1W time-frame where as you can see every Cycle has been so far approximately 10 degrees (°) less than the previous one from top to bottom. The 1st Cycle (2012 - 2013) was 54°, the 2nd (2015 - 2017) was 42° and the 3rd (2019 - 2021) was 30°. Based on this progressive sequence, we can expect the current one to top at around 20° from the bottom. Even though the price is on a declining angle rate, the 1W RSI is remarkably stable. As you can see, every Bull Cycle is around 25°, so there is no reason to expect the current one to diverge from this. This way when the RSI tops, we will now when to sell and sit back with the profits until the next Bear Cycle bottom. On top of all the above, we see that according to the Bull Cycle phases classification, Bitcoin is still within its Accumulation Phase (blue Rectangle), so we haven't yet seen its most aggressive part, the Take-off Phase (orange). But what do you think? Are we about to see that parabolic rally of the Take-off Phase and if so, is this 'Angle' analysis accurate at predicting when to take profit? 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
5
Bitcoin- Major false break and back to 70k after?Last week, Bitcoin broke below the important 60k support level, which coincides with the neckline of a double top. However, after an initial drop to the 53k zone, the price quickly recovered, forming a daily pin bar and leaving a double bottom on short-term time frames. Now, Bitcoin is back in the broken support level zone. Considering the quick recovery, in my opinion, this will prove to be a false break, not a test and continuation downwards. I am looking to buy dips against the recent low with a target around 70k.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
2