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Bitcoin-price

Bitcoin price analysisBitcoin price movement in the last 24 hours: Bitcoin finds support at $38,000, reacts higher BTC/USD traded in a range of $37,884.99 – $39,397.92, indicating substantial volatility over the last 24 hours. Trading volume has increased by 14.12 percent, totaling $35.1 billion, while the total market cap trades around $746 billion, resulting in a market dominance of 41.41 percent. Bitcoin price action has seen reversal and more downside tested so far this week. After a strong high was set at $43,000 on 21 April 2022, BTC/USD dropped another 11 percent by the end of the last week. Retracement followed on Monday, setting a lower high at $40,800. From there, BTC/USD quickly pivoted and started to decline again. Next support at $38,000 was reached late yesterday, with immediate reaction higher seen this morning. So far, the Bitcoin price action has retraced to retest the $39,200 previous support as resistance, indicating that another lower high could be set there.
COINBASE:BTCUSD
by henryartem
BTC continues to consolidate, prepares to break above $40,000?Bitcoin price movement in the last 24 hours: Bitcoin moves sideways BTC/USD traded in a range of $39,422.26 to $39,935.86, indicating low volatility over the last 24 hours. Trading volume has declined by 32.46 percent, totaling $15.7 billion, while the total market cap trades at $750.74 billion, resulting in a dominance of 40.97 percent. BTC/USD 4-hour chart: BTC ready to break above $40,000? On the 4-hour chart, we can see the Bitcoin price action rejecting the downside again over the last hours, likely leading to a break higher early next week. The Bitcoin price action has seen a higher high set this week after an 11 percent rally to the $43,000 mark. From there, strong rejection for further upside was seen on 21 April 2022, followed by retracement over the next few days. BTC/USD quickly lost 8.5 percent to the $39,200 support, where the market has formed consolidation since. Considering the strong support right now, we expect that another higher low has been set, and more upside will follow soon. Likely, once the Bitcoin price action moves back above $40,000, a lot more upside will follow. The next target of local resistance is relatively close by – at $46,000 and, if broken, would further indicate another strong rally incoming over the next week.
COINBASE:BTCUSD
by henryartem
BTC regains bullish momentum, spikes above $41,500 Bitcoin price analysis is bullish today as we expect to test more upside and set a slightly higher local high after a strong recovery. BTC/USD will likely move to the $42,000 resistance as the momentum is still strong. The market has gained ground over the last 24 hours. The leader, Bitcoin, gained 3.34 percent, while Ethereum gained 4.92 percent. Meanwhile, the rest of the top altcoins followed closely. BTC/USD traded in the $40,244.00 to $41,672.96 range, indicating substantial volatility over the last 24 hours. Trading volume has increased by 2.36 percent, totaling $29.145 billion, while the total market cap trades around $785.6 billion, accounting for market dominance of 41.02 percent. Bitcoin price action has seen another dip at the beginning of the week. It saw a new low at $38,500 before a strong reaction followed later in the day. Previous resistance at $40,600 was broken during the second half of the day, with consolidation following later. Overnight, any further upside was rejected, leading to more consolidation above $40,600. However, more downside did not follow. The Bitcoin price action started another rally, this time above the $41,500 resistance. Therefore, if the current momentum persists, we should see further upside over the next 24 hours. Alternatively, BTC/USD will likely reverse and continue the several-week decline.
COINBASE:BTCUSDLong
by henryartem
Ripple reveals strategy to fight SEC’s delay tactics, XRP price Proponents have reviewed the new update on the lawsuit against the payments giant Ripple and believe that the regulator is employing delay tactics. Ripple’s team of lawyers believe that the SEC is misleading the characterization of its prior enforcement actions on cryptocurrencies. On February 10, 2022, Ripple’s team of lawyers filed a Sur-Reply on the SEC’s motion to strike the Fair Notice Affirmative Defense. The payments giant’s objective is to oppose the regulator’s inappropriate request for judicial notice. Ripple’s response to the SEC’s actions strikes an affirmative defense alleging Ripple’s unregistered offers and sale of digital assets, not amounting to fraud.
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by untestamentaryc
Sub $30K Bitcoin price sell-off would require panic ‘to a large Market analysis suggests that for Bitcoin to start knocking on the door of a sub $30,000 Bitcoin, sellers would “need to panic out to a large degree. Order books, essentially the list of orders that a trading outlet implements to show the interest of buyers and sellers, show considerable buyer interest in the $30,000 region on large exchanges Coinbase and Binance. There is 5,000 Bitcoin sat ready to purchase down to a $30,000 price, and another 7,000 BTC down to a $28,000 price on Binance. The sell-off may not be over, but Bitcoin (BTC) buyers can take solace in the knowledge that order books in the $28,500 to $30,000 region are dense. Consequently, the price plunge due to Russia’s military operations may take a breather.
by popmoebugo1977
ETH CONSIDER The above outline shows where I figure ETH can go, should Buy pressure proceeds over the course of the following year. In a drawn out bullish view, ETH can hold the long haul and the upturn can skip some place close by the" esteem zone" Those are the costs where I may begin to rebuy some Ethereum with TP pointer, contingent upon how the crypto space sees that point. I'm uncertain whether or not current crypto costs should be visible again for quite a while in the event that customary business sectors start to really deleverage.
BINANCE:ETHUSD.P
by DeclanBrock
What Is the Future of Crypto and Bitcoin in Short and Long TermsBitcoin fell down fast at the first days of the New Year’s Eve, and just a few days ago, on January the 8th, it was getting sold just about 40K USD. The crypto market is highly inflated. Inflation of crypto market and Bitcoin following the New Year’s Eve, and especially after the Kazakhstan governmental shutdown of the crypto mining networks, potentially might be bearish, not only to the cryptocurrency value but also to the stock market over the early months of the year. Meanwhile, experts analysis proofs long term increments in crypto market price that would just pass 80K USD in near future this year, and then possibly it might hit 110K USD, and much more. Thereby, as the Bitcoin value badly hit 40K USD (as a short term falling minimum) last days, and on the contrary as the crypto markets just had some good trades last days, and especially while meaningful hopes are brightly observable at the sight showing that the crypto markets are getting boosted again over the next days by a higher rate of impressive traders, thereby, fortunately, the cryptocurrency market shall hit a desirable value, once again, too soon (above 45K USD). But because of vast social stress over the current pandemic that what if probably the CoVid issue affects the Digital Money, and also because, as it was discussed above, the Kazakhstan’s cryptocurrency mining complaints yet threatening the crypto market, it might be predictable that the next month would not be such a good month for the crypto and stock markets and for the investors (and the price may fall below the 40K USD broker). Below, I have just illustrated a schematic chart eliciting my self-opinions regarding the effects of the moving average bars on the Bitcoin price just during the Jan of 2022. Look at my personal-forecast of the Bitcoin price in short term (The snapshot of the chart of current idea) Now, after a distinguished increment in crypto price once, over the next days in late third quarter of the Jan, 2022, thereafter, it could be not an ideal market for crypto during this Feb. But following the spring we must see a huge difference in the crypto markets value hopefully.
BITSTAMP:BTCUSD
by GeraldMann
Bitcoin Price AnalysisBTC rests above $47k support as fear sets in needs to break important trendline. Bitcoin price analysis remains bearish for today, with no signs of recovery The nearest price resistance remains untattered at $50,800 USD The price support at $47,000 holds as BTC tests the support for the 6th time Bitcoin price analysis remains bearish for today as the king of cryptocurrencies is unable to break the important resistance level above $50,800. The prices fell down below this level on Dec 4, and since then, bulls have tested this resistance multiple times, only to end up near the support levels. The data from CoinMarketCap shows that the world’s biggest cryptocurrency isn’t bullish at all. The market cap of the token dropped by another 2.23% as BTC finally dropped below the market cap of $900 million.
COINBASE:BTCUSD
by BernardMikhail1
Halvings & Highs, the road to a 150.000 dollar Bitcoin Hello Friends Where is Bitcoin BTCUSD headed and what is the path that it is going to take? The million dollar question. Truth is nobody can be sure and all we can do is make a realistic prediction on the information we have from the past. There are not many data points to go off but in my eyes it is the only logical and realistic approach. Here my analysis of the BLX log chart: Chart info - Black vertical lines represent Bitcoin mining reward halving cycles. - Each halving cycle is divided into four equal quarters I, II, III and IV divided with a dashed vertical line. Assumptions - Bitcoin stays within these log curves - Bitcoin cycles move according to the mining accumulation and distribution cycle. After halving the rewards diminish and it is less profitable to sell here so they accumulate, bitcoin goes into its bullmarket, somewhere before the next halving miners capitulate in order to liquidate their mined Bitcoin to pay for costs of mining (See: stats.buybitcoinworldwide.com) - Every cycle the returns from bottom of the previous bearmarket till the top of the bullmarket are diminished with the same percentual change. Besides diminished returns the volatility decreases over time and therefor it takes longer to reach the top. - Every cycle has 3 phases right after reward halving: 1. bullmarket, 2. bearmarket, 3. Consolidation period. Observations - The market cycle top is in phase II of the cycle, in the 2012 cycle the top is at the beginning of phase II, in the 2016 cycle it is halfway of phase II, so in line with expectations we can say the top of the 2020 cycle will be in the second half of phase II (red box). - Right in between halvings we are in the middle of the bearmarket (orange box). - Accumulation or bottom of the bearmarket is in the second half of phase III untill the end of phase 4 when the next halving takes place (green box). - On the top of the chart you can see the percentual change of the returns from bearmarket bottom to bullmarket top. These return are diminishing exponentially, so we look at the percentual change of the percentual change. In the 2012 cycle the returns are 82% less as the cycle before, in the 2016 cycle the returns are 79% as the cycle before, so to calculate the returns of the coming cycles we take the average of these two and assume the returns diminish every cycle with 80%. This is a positive scenario because if we would follow the decline of market cycle returns it would be 76% in the 2020 cycle and 73% in the 2024 cycle. Expectations and predictions based on this analysis - The bitcoin market cycle top of the 2020 cycle will be between 68.000 and 110.000 in the period between November 2021 and March 2022 (red box). If we calculate with a diminished return of 80% in relation to the previous cycle returns we have a top of approximately 76.000 USD. - Right in between halvings we will be in a bearmarket, this will be April 2022 (orange box). - The 2020 market cycle will see its bottom and accumulation period between 15.000 and 45.000 dollar in the period between October 2022 and March 2024 (green box) - Based on these same rules the top of the 2024 market cycle will be 150.000 USD (+480%) around the end of phase II or the beginning of phase 3 (red box) Conclusion As usual this is not financial advise, do your own research and make your own decisions, trade safe and responsibly. Based on this analysis it would be wise to start scaling out of Bitcoin or opening short positions in the next few months. Start scaling back in, closing shorts and opening longs from around November 2022 until the next halving in approximately March of 2024. Please reply or contact me for feedback or further discussion. Have fun :)
BNC:BLX
by T01157899
5
Bitcoin Prediction: Breakout November 10th - 85k DecemberThe title says it all. We copied and pasted the bar pattern from Bitcoin's last major ATH breakout above 20k. There are many similarities with the recent price action as BTC reached it's last ATH of 65k: First the price meets the last ATH, followed by a fairly large retrace. Then comes another nice pump, followed by some tightening ranging action. If Bitcoin follows a similar pattern, we could see the price breakout above ATH around the 10th of November. And if it continues following the pattern 85k could be possible in December. This price is also consistent with many other metrics such as Halloween to Christmas 35% average price increase.
BYBIT:BTCUSD.PLong
by The_Mummy
7