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Bitcoin (Cryptocurrency)

Bitcoin Correction Signals Major Rally AheadBTCUSDT (Day Chart) Technical analysis update BINANCE:BTCUSDT current price movement is forming a pattern similar to the December 2023 to February 2024 chart. At the beginning of 2024, Bitcoin experienced a gradual 20% correction before recovering and rallying by over 90% in the following months. This time, the price is exhibiting a similar behavior to December 2023's price action, having already dropped 15% from its peak. A maximum correction of 20% from the peak is anticipated. Once this correction concludes, a strong bullish move is expected, with a target price of $140,000 to $150,000.
Long
by HexaTrades
Bitcoin Analysis: Key Levels to Watch!The BTC/USDT chart shows an interesting setup heading into the next trading sessions: Support Zone: Dips into the $93K region are likely to attract strong buying interest, as this area is a critical support highlighted by the red zones ("Bear Day" & "Bear Week"). If the price holds this level, we could see a potential bullish reversal targeting the $100K psychological level, aligning with the "Bullish Swing" and weekly resistance zone. Upside Potential: A bounce from $93K could send BTC soaring toward $100K, with the next key resistance at $99,500-$100,000, a confluence of major weekly swing levels. Downside Risk: However, a daily close below $93K would be concerning, as it opens the door to lower levels, with the next target in the $91K- GETTEX:92K region or even deeper. The red zones below $93K highlight areas of increased bearish momentum. 📊 Strategy: Bullish Case: Long positions around $93K with tight stop-losses below the support zone. Targets: GETTEX:97K , $99K, and $100K. Bearish Case: Monitor for a confirmed breakdown below $93K for short setups targeting lower levels. Patience is key! Let the levels dictate your next move. 🚀📉
by peteramner
1
Bitcoin Battles Between Key Support and Resistance – What’s NextBitcoin is currently trading near $94,500, resting on a strong confluence of support. The price is testing the 100 EMA on the 12-hour chart, which aligns with a critical horizontal support zone around $93,000. At the same time, a descending trendline is acting as resistance, keeping the price under pressure. A breakdown below the marked support zone could trigger a sharp decline toward the next significant level around $88,000. On the other hand, if BTC holds this support and breaks above the descending trendline, it could signal a bullish reversal, pushing the price back toward $98,000 and potentially higher.
BITFINEX:BTCUSDShort
by unichartz
bitcoin dips below 60kbitcoin dips below 60k, but we're unfazed. i see this playing out as we move into the depths of winter,,, this crypto winter ❄️ why would this happen, you ask? the answer is simple: a stop-loss raid. a sharp wave 4 designed to shake out weak hands. distribution may have already started, hypothetically speaking, but it'll take the rest of the year to unfold. think of it like the jan 2021 -> april 2021 vibe, only on a slightly higher degree and timeframe. --- take note of the highlighted wave 2's and wave 4's on my chart. what i'm illustrating is "the law of alternation," which states: if wave 2 is flat, wave 4 will be sharp, and vice versa. all the wave 2's in this cycle have been flats, so by design, all of our wave 4's are set to be sharps. this fits neatly into the larger cycle: sharp retracements triggered by over-leveraged positions, yet consistently bought up thanks to strong demand. with each sharp retracement, however, the upward moves become smaller, as momentum gradually fades. --- w4 target: below 60k w5 target: between 150k-200k (conservatively). --- ps. i have recently shared a much more bullish idea via:
CRYPTO:BTCUSD
by notoriousbids
12
BTC - All long-term Bitcoin targets!INDEX:BTCUSD All long-term Bitcoin targets are shown. In my opinion, the most important support ahead will be the $78,000-$80,000 range, as it meets two curves at the same time. If the $78,000 support level is broken, the probability of a long-term price correction increases. That is, the price can correct to the $50,000 or $30,000 supports. But in the short term, the current price stop loss can be $92,900. If it breaks, it can reach the $88,000 range, then an upward correction, and then a correction to the $78,000-$80,000 range. If the price rises above the current level, after breaking the $106,600 price level, the upward trend will continue. The ultimate long-term Bitcoin price target can be around $2 million. Support me by following, boosting, and commenting.
INDEX:BTCUSD
by Rezaei0013
Will Bitcoin Go Up or Down from Here?Where does Bitcoin go from here? In my previously published idea I supported the idea for a bounce from 95k. We did closed above 95K but looks like we are not going to hold it.. According to Fibonacci (using my Dynamic Fib Retracement indicator), if we now close below the preliminary fib line around 95K, this could spell trouble for Bitcoin and result in more downwards price action. Also according to the DFR , targets for that would be: 80.5K USD (The Orange 'Median Line') and 70-73K USD (Inside the blue Fib Golden Pocket) Follow me for more BTC analysis!
Short
by poolsideliquidity
2
HelenP. I Bitcoin will fall to support zone and then start riseHi folks today I'm prepared for you Bitcoin analytics. A few moments ago, the price reached the resistance level, which coincided with the resistance zone and broke it. Then price made a retest and some time traded inside the resistance zone, after which it rebounded and started to grow to the trend line. When BTC grew to the trend line, it turned around and made impulse down to the 101000 resistance level, broke it, but later it tried to grow and failed. After this, the price continued to decline and fell until below the support level, which coincided with the support zone. Later BTC rebounded up to 99250 points and then started to decline. In a short time, the price fell to 92700 points, breaking the support level and soon turned around and made impulse up to the trend line, breaking the support level one more time. After this, BTC some time traded near the trend line and later broke this line too, and rose a little higher. But a not long time ago, the price dropped to the support level, breaking the trend line one more time, and now trades close to this level. So, I expect that BTCUSDT will fall to the support zone, after which it can start to grow to the trend line. When it reaches this line, the price can break it and continue to move up next. That's why I set my goal at 98K points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
BITCOIN - Price can make move up and then fall to support areaHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A few days ago price entered to wedge and bounced from the support line to the support level, which coincided with the support area. Price broke $92600 level and rose to the resistance line of the wedge, but then it made a correction to the support level. After this, price in a short time rose to the resistance line of the wedge and then made small correction and continued to grow. Later BTC rose to the resistance line one more time and then made a downward impulse to support level, exiting from wedge, Next, price some time traded near this level and then started to grow, so, I think that it can make move up to $99500 Then BTC can turn around and decline to $90200 support area. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
Bitcoin/USDT AnalysisCurrent Price: The chart shows Bitcoin trading at approximately $95,660, with recent downward momentum (-2.11%). Support Zone: Around $91,800 - $93,500 (gray highlighted region), providing a strong base where price could potentially reverse or consolidate. Resistance Levels: $98,200 - $99,000: The first resistance level to watch if the price bounces upward. $101,000 - $102,000: A secondary resistance zone. $104,000 - $105,000: A higher resistance zone that aligns with previous peaks. Potential Scenarios: Bullish Scenario: If Bitcoin holds above the support zone ($91,800 - $93,500), a rebound toward $98,200 and potentially $101,000 is likely. A breakout above $101,000 could pave the way to test the $104,000 - $105,000 range. Bearish Scenario: A breakdown below $91,800 might signal further declines toward $90,000 or lower levels. Trend Analysis: The short-term trend appears bearish; however, the support zone may serve as a strong reversal point for a potential upward move.
Long
by melikatrader94
10
BITCOIN What lies ahead after this correction? The DXY x-factor.Bitcoin (BTCUS) is having in the past 2 weeks the technical correction is should based on the previous Bull Cycle. As you can see, since the U.S. elections it has rallied aggressively past its previous All Time High (ATH), same way it did in December 2020. ** Bitcoin and Doge during 2020 ** At the same time, the alt coin market was mostly consolidating in preparation of a bullish break-out. A representative example of such behavior would be Dogecoin (DOGEUSD) as seen in orange on this chart, which during BTC's December 2020 rally, it was consolidating/ pulling-back (green circle) from an initial rally. However it remained significantly below its previous ATH, the same way it is now. ** The DXY decline sparking crypto rallies ** Notice the U.S. Dollar Index (DXY), displayed by the green trend-line on this chart. Right now it is has been rallying in the past three months, at the same time as Bitcoin has. In the previous Cycle in 2020, it hit a top during the COVID March 2020 market crash and with the smashing of the Interest Rates, it started a Channel Down decline that backed perfectly Bitcoin's rally. We has the exact same DXY-backed rally during Bitcoin's 2017 Bull Cycle. As a result, we are seeing a paradox on the current Cycle: BTC entering its most aggressive phase (Parabolic Rally) of the Bull Cycle and rallying despite DXY rising. That is attributed of course to a large extent to the huge ETF inflows (something that wasn't present in 2020). ** Overdue DXY decline? ** This leads us to believe that an overdue decline on the DXY, just as the Fed has initiated a new cut Cycle (as they did during the COVID crash), will push Bitcoin and especially the alts market, including Doge, to a new rally. Of course DXY's decline may not be as aggressive this time, as the stimulus shouldn't be that high (especially with Powell's recent remarks on a 2 rate cut expectation in 2025 instead of the previous projection of 4), but it could be enough to spark the final BTC rally of the Bull Cycle and the much anticipated Altseason. So do you think the market will rally once more on a potential 'delayed' DXY drop? 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
11
DAY 7 - Daily BTC UpdateThe Holidays have slowed the markets - for now. I've introduced a third potential scenario for Bitcoin (BTC), which is bearish and might see the price retesting the DAILY 100 Moving Average near $80K. Although this scenario seems less probable given the current market sentiment, where large corporations and businesses are actively accumulating, it's crucial to consider all possible outcomes to avoid the pitfalls of an "up-only" mindset prevalent in bullish markets. Remember, corrections are healthy and contribute to the robustness of the overall market pattern. After yesterday's positive momentum shift, we've again seen a lull in the market and increased sell pressure as the US gears up for tax season. The recent price movements in Bitcoin indicate an adjustment to overbought conditions following the election, with technical indicators suggesting a continuation of the bearish trend in the short term unless there's a significant influx of buying support. Keep an eye on these developments, as they could dictate the next moves in Bitcoin's price trajectory. Trading Tip: As we have no confirmed direction currently - One effective strategy during volatile periods like this can be the "Dollar-Cost Averaging (DCA)" approach. Instead of trying to time the market, you regularly invest a fixed dollar amount, regardless of the asset's price. This method reduces the impact of volatility by spreading out the purchase price over time. For Bitcoin's current scenario: Set a regular schedule: Decide to buy a fixed amount of Bitcoin weekly or monthly. Stay disciplined: Avoid investing more when prices seem low or less when they're high. Consistency is key. Long-term perspective: DCA works best if you hold for the long term. It allows you to benefit from the average price over time rather than trying to predict short-term movements. This approach can mitigate the risk of entering the market at peak prices and can lead to purchasing more units when prices are low, potentially lowering your average cost per Bitcoin over time. Remember, while DCA can smooth out the volatility, it does not guarantee profits and should be part of a broader investment strategy considering your risk tolerance and financial situation! Thanks for following the 7 Days of BTC updates, and if you want these Daily - links are in my Bio :)
by LisaNEdwards
1
TURBOUSDT: Promising Setup for Short- to Mid-Term GainsI spend time researching and finding the best entries and setups, so make sure to boost and follow for more. Turbo ( OKX:TURBOUSDT ): Promising Setup for Short- to Mid-Term Gains Trade Setup: - Entry Price: $0.0096522 - Stop-Loss: $0.0063183 - Take-Profit Targets: - TP1: $0.0150133 - TP2: $0.0230523 Fundamental Analysis: Turbo ( OKX:TURBOUSDT ) is a meme-inspired cryptocurrency that continues to thrive due to its active community and strong engagement. MYX:TURBO has carved out a niche in the competitive crypto market, leveraging its branding and community dynamics to attract a loyal following. With the recent bullish momentum across meme coins, MYX:TURBO is well-positioned for a potential rally. Technical Analysis (4-Hour Timeframe): - Current Price: $0.0096522 - Moving Averages: - 50-EMA: $0.0092000 - 200-EMA: $0.0085000 - Relative Strength Index (RSI): Currently at 58, signalling growing bullish sentiment. - Support and Resistance Levels: - Support: $0.0090000 - Resistance: $0.0110000 The 4-hour chart shows OKX:TURBOUSDT forming higher lows, indicating a strengthening trend. If OKX:TURBOUSDT breaks above the immediate resistance at $0.0110000, it could quickly move toward TP1 and beyond. Market Sentiment: Market sentiment for OKX:TURBOUSDT remains positive, driven by increasing trading volumes and renewed interest in meme coins. The broader crypto market recovery provides a supportive backdrop for this move. Risk Management: A stop-loss at $0.0063183 ensures manageable downside risk, while the take-profit targets provide excellent risk-reward ratios. TP1 offers a potential gain of **55%**, and TP2 offers a gain of **139%,** making this setup ideal for swing traders. Key Takeaways: - OKX:TURBOUSDT shows strong technical and market momentum, making it a compelling short- to mid-term trade. - The trade setup offers attractive risk-to-reward ratios for traders seeking to capture the upside potential of meme coin rallies. - Disciplined adherence to stop-loss and target levels is critical in navigating the volatility of this market. When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All! *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
Long
by SiriusTrading
1
GRTUSDT : Market Sentiment and Trade Analysis BINANCE:GRTUSDT : 24-Hour Market Sentiment and Trade Analysis I spend time researching and finding the best entries and setups, so make sure to boost and follow for more. Market Overview (Last 24 Hours): - BINANCE:GRTUSDT has activated the entry price at $0.2392, showing bullish potential as trading volumes and on-chain metrics increase. - Recent momentum in altcoins suggests growing retail interest, which could drive price action further toward the take-profit levels. Technical Overview: - Support Levels: $0.2000, $0.0740 (Stop-Loss) - Resistance Levels: $0.8527 (TP1), $1.8007 (Long-Term TP2) - Indicators: RSI is climbing steadily but remains below overbought territory, while MACD shows sustained bullish momentum. Fundamental Catalysts: - On-Chain Metrics: Increased transaction volume and wallet activity signal growing adoption and investor interest in BINANCE:GRTUSDT . - Tokenomics Overview: GRT’s staking rewards and decreasing circulating supply continue to support scarcity-driven value. - Community Sentiment: Social media platforms reflect positive sentiment for GRT, especially as part of broader AI and blockchain narratives. - Liquidity: Current trading volumes provide favourable conditions for significant price movements. Scenario Planning: - Bullish Scenario: Sustained momentum could see BINANCE:GRTUSDT reaching TP1 ($0.8527) and possibly the long-term target TP2 ($1.8007). - Risk Scenario: Broader crypto market corrections or declining trading volume could test the SL at $0.0740. Trade Setup: - Entry Price: $0.2392 (Activated) - Stop-Loss: $0.0740 - Take-Profit Targets: - TP1: $0.8527 - TP2 (Long-Term): $1.8007 When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All!
Long
by SiriusTrading
The Impact of KULR's Investment & Israel's Bitcoin Mutual FundsThe cryptocurrency market, particularly Bitcoin ( CRYPTOCAP:BTC ), has seen significant movements recently, influenced by both institutional buying and regulatory developments. Two key events stand out: KULR Technology Group's substantial investment in Bitcoin and the upcoming launch of Bitcoin mutual funds in Israel. Technical Analysis: Bitcoin experienced a notable "spiral movement," reaching a peak of $99,000 before a sharp 4% dip, settling at around $95,481.85. This volatility can be attributed to immediate market reactions to news like KULR's purchase of 217.18 BTC for about $21 million. The Relative Strength Index (RSI) at 44 indicates a potentially weak growth pattern, suggesting that Bitcoin might be overbought in the short term, prompting traders to be cautious. The 24-hour trading volume of over $46 billion points to significant interest, yet the downward trend in price despite high volume might signal profit-taking or a shift in market sentiment. This could be interpreted as a consolidation period following a rapid ascent, with investors possibly waiting for more clarity or another catalyst. The current trend for Bitcoin appears weak, as observed from the RSI and the market's reaction to new institutional investments. This might suggest a period of stabilization or correction is on the horizon before the next potential bull run. Institutional Adoption KULR Technology's decision to allocate up to 90% of its surplus cash into Bitcoin, following in the footsteps of giants like MicroStrategy, underscores a growing trend of corporate treasuries diversifying into cryptocurrencies. This move not only legitimizes Bitcoin as an asset class but also potentially influences its price through increased demand. Regulatory Developments in Israel The introduction of six Bitcoin mutual funds in Israel, set to launch on December 31, 2024, is a pivotal moment for crypto investments in the region. This development aligns with global trends where regulatory clarity often leads to increased institutional investment. The funds, managed by well-known firms, will offer investors a regulated, less volatile way to gain exposure to Bitcoin, potentially driving further adoption and demand. The U.S. SEC's approval of spot Bitcoin ETFs earlier in the year has set a precedent, showing that with regulatory support, Bitcoin can attract significant institutional capital. Israel's move might follow this path, enhancing the perception of Bitcoin as a legitimate investment asset, not just a speculative one. Economic Implications By allowing transactions in shekels, these funds bridge the gap between traditional and digital finance, making Bitcoin more accessible to the average investor. This could lead to broader economic implications, including increased liquidity for Bitcoin and possibly influencing the digital shekel's development. Conclusion: The combination of KULR's bold investment strategy and Israel's innovative approach to Bitcoin through mutual funds paints a picture of a maturing market. Technically, Bitcoin might be facing short-term headwinds, but fundamentally, these developments suggest a robust future. Investors should watch for how these factors play out in terms of price stability, regulatory responses, and further institutional involvement. The narrative around Bitcoin continues to evolve from a digital currency to a recognized financial instrument in both corporate and national strategies.
COINBASE:BTCUSDLong
by DEXWireNews