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Bitcoincycle

The next target of the Bitcoin cycle is the historically MVRV?Bitcoin's price is currently overbought locally. Yesterday, the price reacted with a decline of 4.9%. This was the first response, and now it’s important to hold the level of $62,700–$61,800. A breakdown below this level would signal a trend reversal to a downward trend with the first target being the imbalance zone at $52,500–$49,550, as marked on the chart. I would like to see investor support manifest in this imbalance zone, but if I don’t observe sufficient buying volume, I will expect a swift reversal and a breakdown towards the key on-chain level, the MVRV Pricing Bands (-0.5sd). This is a critically important level from which strong Bitcoin trends have historically formed in a broader perspective. In a positive economic environment, there is a chance of a rebound from the $62,700 support zone, possibly forming a divergence and a potential double top. The reaction of sellers during the bounce from $62,700 will play a significant global role. If the price consolidates above $67,000–$68,500, then we could see a BullRun!
BITSTAMP:BTCUSD
by GarateTradeCrypto
Bitcoin Market Cycle This chart tried to reflect the uncanny similarities between Bitcoin's previous cycles and will try to use that information to "predict" next market cycle top in terms of price and time. The price is derived using Log FIB extension 1.618 and is the minimum Bitcoin has to hit. Although Bitcoin has gone way above this extension in the past, I am going to keep things a little conservative. The chart is aimed to not use any indicators to keep it clean but you can apply Pi cycle top indicator (which has been super accurate to make it more precise) The chart shows how bottom of the previous bear market to the next one takes about 206 Weeks or so and how bear market lasts about 52-55 weeks while Bull market (from the bottom and not halving) is about 155 Weeks ish. While the drawdowns are becoming less and severe by some percentage, I chose about 75% drawdown for next bottom in 2026 with price of about mid 40K. Like someone said " All models are wrong but some are useful" this can clear some noise and provide us some timeframe when we can start taking some profits based on time and price. Over time, I will provide update to this model if I think I can make it more accurate. LFG!!
INDEX:BTCUSDLong
by AmandeepSingh2020
Are We Looking At A Bitcoin Bull Trap?In my last TA post, I talked about the possibility of Bitcoin heading back to the $35-36 range before the halving, and I still don't think I am wrong about that. Let's take a look at why... Bitcoin is really hitting some resistance at the current range. When I look at other cryptos like Ethereum, it's much of the same. This pattern looks to me like a bull trap. This is where we bounce out of a significant down trend and this price action tends to catch bulls by the short and curlies as they think the price is going to recover and continue to the moon, but it just doesn't work that way. These retracement pumps tend to get people caught in a FOMO mode and then turn on them and head back in the other direction. I believe this is one of those times. Very rarely does a market like Bitcoin just bounce straight up. It has it's big parabolic rises, yes, as we have seen recently, but this action cannot last forever. In the last cycle, we saw the pump from the 3K range up to nearly 15K and back to the 6.5K range before the halving, so my prediction of seeing a 35K-36K Bitcoin price before April is not out of the cards. My non-financial advice to traders is if you have been trading this reversal from the 38K range, then you might want to think about taking some profits off the table. Just saying, because that is exactly what I am doing. I am also still DCA accumulating BTC as we go along and will stop that action once we break all time highs again, then it will be off to the races and looking for good market cycle take profit signals. How are you playing this Bitcoin and crypto action?
COINBASE:BTCUSDShort
by thelogicaldude
Bitcoin Is On Track With Last CycleDoing some cycle analysis today and looking at the bigger trends. One thing I have been noticing is the correlation that Bitcoin has with last cycle's action. To me, Bitcoin is on track with last cycle, sometimes you just have to zoom out to see it. Too many times in crypto, people focus too heavily on the lower term time frames, trying to catch profit swings, or looking for the next memecoin to bounce, that we forget to zoom out and see the bigger picture. Today, I had to do just that to get a better perspective of where we are in the markets before I get to trading this week. There has been a ton of activity and 'sell the news' action after the Bitcoin ETF, which I actually sat out trading, but observed the price action. It actually went the way I thought it would. Pump before the news, dump after. We will see it rise in the longer term simply due to the fact that Wall Street is now a major player, but for now, we have to wait it out and see. What I am seeing when I zoom out to the weekly time frame, is that Bitcoin's price action resembles last cycle in very eerie ways. They say history doesn't repeat, but it rhymes, well, this is certainly true for this cycle. If you look at the chart you will see the similarities. We are in that same after bottom pump that we had in 2018-2019 where the price rose up after the market bottom and then settled back down through the block reward halving event before we went to this recent cycle highs. I am not seeing much different, and especially after the way the price has risen over the last few months without a significant pull back, me may be seeing that form at this time. I thought is that we see a potential decline back to 36K-38K because that is the closes major level of support where Bitcoin found some consolidation for a while. This creates a shelf for it to revisit. But it's not a bad thing if you want to stack some cheap sats. Just saying. We might be ranging for the next few months until the block rewards are cut in half, then through the summer into the fall, we may need to be watching for some fireworks! Until then, it's going to be some ranging so I am going to be looking to take some short range swings and accumulate for the bigger cycle push! Just got to sit back, be patient, and trade logically! Just my dudely advice, haha.
COINBASE:BTCUSD
by thelogicaldude
Bitcoin accurate bottom and top zones BINANCE:BTCUSDT This is my market mood indicator. Accurate determine the bottoms and top of cycles. Based on this analysis on BLX chart and Monthly timeframe we can find something interesting - Marked Monthly green zones. - We never seen white color disbeliefe zones. - Previews 3 times when we saw BLUE color it was a bottom (I was impressed how accurate it play out!!!) - Now it looks like 2018-2019 period (green box-blue-green) - So now no euphoria on market. Need to see yellow, orange and top will be again at extreme red - Hard to say about timing but most likely we will test trendLine at 35-36 (maybe with fake out to 41) - Then we will see yellow and orange color on indicator and drop to covid trendLines again 21-19 and continue move forward till 2025 March to extreme RED zones and end of cycle. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
BNC:BLXLong
by Crypto4light
BTC start forming divergence on 4H MACDBINANCE:BTCSTUSDT Channels on chart its a key. If we a looking on local 4H situation we can see we are trade in 2 channels. On MACD we start forming like usual 3 bottoms divergence (maid going up, price on chart going down) Downtrend white channel first support 12 October at 53900 top of this channel 10 November 69000 now we going down and found second touch support 4 December 42600 resistance at middle line white channel at 51700 now we have to find support at 46800 (higher low) 12-13 December and once again retest 0.5 level by fib since May 17 December going over middle line white channel 52700 and trade above with retest local fib downtrend line (dot lines) around 22 December we will touch 58700 (0.781 level by fib since May) and top of white downside channel. Then we will see if we reject price going to official bear market if we are breaking out we make a continuation and cycle will be longer than everyone expect. In this case you can check my previews idea about global BITCOIN moves since 2020. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. Don't forget sub and join my channels under this idea!
by Crypto4light
2
Bitcoin Cycle Thoughts Current Short Term / Long Term PositionLonger term analysis of current market cycle position. Some of the data as to why certain points are used can be found in ideas (see related idea below for more info). Bulls would probably feel short changed with the current state of the bitcoin "top" - should this current position be the top. I personally am optimistic of price action however feel Bulls should be tested before further up can be relied upon. We have had a nice trap here which could drag price back down.. from there an aggressive push through the local ATH would set up for further gains. The upside of this cycle has not lasted near enough time to be considered completed however there is a bear case in play that would see us dip further down from here. Lows in that case are $20k, but I would not rule lows of $12k out. provided there are no black swan events I would consider this the "worst case" On the best case side, I will look for a blow off top anywhere around $90k as a low end, upwards from there would be extreme but as in the case of the bear view, the case is still in play. I would look to reduce exposure on any aggressive down moves around £32k, but in general would not be shaken out by a drop below this point. Reduce exposure simply means reducing the risk tolerance slightly, securing some profit and waiting with enough still "in" the space to capitalise.
Editors' picks
BITSTAMP:BTCUSDLong
by Wynnsa
4
Bitcoin $526,000 August/September 2022August Capitulation: Fractal taken from prior capitulation in March 2020, lines up with the Gann speed fan & prior all-time-high Capitulation > Cycle Top: The time between the two would be 12 months exactly which is necessary to qualify for long-term capital gains tax in the US Elliot Wave Theory: Remains validated Fibanocci Indicators: Circles, extensions & parallel channels all bring confluence to this exact date & price Cathy Woods: Her macro-scale price predictions on well-known assets tend to be correct, Tesla 2018 prediction for a $800 share price in 2021 was correct (factoring in the stock split)
BITSTAMP:BTCUSD
by DJMongy
Bitcoin Cash $BCHUSD Target PTs 790-835 and higherBitcoin Cash needed to defend $668.5 support to avoid a breakdown from its 20-SMA. Meanwhile, Bitcoin was trading at $60,217 with a market capitalization of over 1.1 trillion. Bitcoin Cash needed to hold on to $668.5 support over the coming sessions to avoid a breakdown from its 20-SMA (red). Additional support areas lay at $629.6 and at $600 and these levels would be in focus in case of a southbound move. A bearish divergence on the MACD lent weight to a breakdown prediction. The Signal line even crossed above the MACD line as bears sought to control the market. The RSI pointed south from 52 and a dip below 40 could even see BCH lose out on the $600 level. A stronger region of support lay at $550 as it coincided with the 200-SMA (green), but a dip below this could be damaging for BCH’s mid-long term trajectory.
Long
by BADQOMOCAWGOWLD
1
How High will BTC reach? How long this Bull-Market will go for?How long this Bitcoin Bull-run will keep on going for? Couple of days, weeks, months? How high will Bitcoin reach on this Bull-run? 60k, 95k, 140k? Well, this is a chart with some good data for the Brain. Put the emotions on the side and try to answer the questions above! And ya, I do not know.. Just good to look at the MACRO levels in such a market and following the trend till the end!!! Chart legend: Annotation: Blue Flag: Weekly closed on ATH Green Price Label: New ATH Lines: Yellow Vertical Line: Bitcoin Halving Blue Vertical Line: Weekly closed on ATH Green Vertical Line: New ATH Ranges: Green Date Range: ATH Weekly close –to– New ATH (Bull Run) Red Date Range: ATH –to– Weekly close on New ATH (Bear/ correction/ consolidation/ accumulation/…) Yellow Date Range: Halving –to– New ATH Blue Price Ranges: from weekly close on ATH –to– New ATH (Bull run %) Fib: ATH –to– Higher low (ATH to Lowest price in each Red cycle)
BNC:BLX
by cryptocurrencyme
Bitcoin 2017 vs 2020 Bull Run (Very Different)Bitcoin had one of its most phenomenal years in 2017 when the coin reached $19,500 for the first time. It took BTC three years to reach that price level once again. A good number of people are now wondering if this will play out similarly to 2017. However, based on the data, we will head significantly higher this year! YTD Growth In 2017 we experienced an incredible 1,800% year-to-date (YTD) growth by the time we reached $19,500. Conversely, this year, the YTD growth stood at only 170%, ten times less than in 2017! No matter how you look at it, a 1,800% growth is a lot even for cryptocurrencies. Therefore, when Bitcoin reached $19,500 in 2017, the price was hugely overextended. However, when we reached $19,500 this year, we were only up by 170%, and thus we have more room for growth. Yes, it can be argued that Bitcoin is less volatile now than it was back then, which accounts for the more limited growth. But any way you look at it, it is not ten times less volatile! Price Reaction to All-Time High Perhaps the most important difference between 2017 and 2020 is the different reaction the price had when reaching $19,500. When BTC made the all-time high in 2017, it immediately experienced a severe 40% correction in just six days! In 2020, BTC experienced a substantial 15% in only two days. However, following this we saw an immediate reversal where the price pushed even higher to $19,800! What Happens Next? We can never predict for certain what will happen in this market. However, based on the data, it is probable that we are just at the beginning of the uptrend. We may be somewhere around $5,000 when compared to the 2017 bull-run, still expecting Bitcoin to triple or quadruple in value in the future.
BITSTAMP:BTCUSDLong
by cryptohopper
12
BITCOIN December 2021 Prediction. Citibank Analyst NewsIn my opinion the Citibank analyst is too optimistic and he did not account for Bitcoin logarithmic nature. I would say 318K USD is a bit too optimistic and set a more realistic target of 80-90K within my chart In my opinion Bitcoin also has extending its market cycle by 8 - 16 Month every cycle. So this cycle would not be topping in Desember of 2021 but somewhere in Q2/Q3 of 2022 IMO. Please note that all the above is just my opinion and my analysis could be wrong, I hope I'm wrong and BTC do go to 318K :D But I do agree with his statement “There is no edge in guessing targets so far in time with TA. All we know is that price is likely to continue going up.” with TA going this far in the future with no fundamental context is no use. For all we know BTC could go to 1 Billion USD if the printer continue to go brrrr. Please note that in this scenario. 1 loaf of bread could cost upwards of 1000 USD just like venezuela economy did. That is the Fundamental Aspect we need to consider I know the scenario above is a bit too extreme not gonna happen. But you get my point. Source for the news: www. coindesk. com/citibank-bitcoin-gold-318k-2021
BITSTAMP:BTCUSDLong
by VincentTjianattan
1
Possible 100x Bullrun contender ? FUN/USDT #crypto #100x $FUNMany of us here don't really expect a Bullrun until late 2023 or 2024 - assuming we are in a lengthening Bitcoin cycle ( which I agree that we are . ) But when that happens posslibly some coins will do quite well .Here we see FUN from Binance tether chart . You can see the price right now is .0033 cents , or about 3 cents . But if we check the All Time High of FUN we see it was .33 cents . That's EXACTLY 100x , or 100 times up from where it is now . OK, I'm not psychic and I can't say what will happen in a few years - but when Bitcoin revisits its' All Time High of 20k again , many Alts will be on sale and that might be a good time to look at FUN as perhaps a longer term hodl . Also you can see we are in that pretty Fib Circle indicator here - but it seems to fit . Also we are now coming down through that Ichimoku cloud and could possibly come down a bit more .
by shimmeringpath
Bitcoin - Long term forecastBitcoin starts to show first signs of weakness and distribution. There is a high probability we are at the end of up-cycle, or will be in following week or 2. To sum up - I am expecting BTC to reach 10600-10800 USD soon. A reaction on this zone will be crucial for next move. Expectation is it will be just a quick reach for liquidityy and we won´t close daily above 10500. In this case, plan is valid. This thesis is also supported by multiple indicators that are currently in a bearish divergence. Enjoy!
by Blockspacecz
2