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Bitcoincycle

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
Bitcoin printed the most violent upside reversal of its HistoryThis chart is saying a massive F*ck you to the herd who joined late for the easy money end of 2017, who panic sold thinking it would tank to zero or close to it. This market is punishing this herd who probably panic sold between 6k and 3k. These punishing reversals type of moves are happening in almost every market cycles. They are the perfect symmetrical opposite moves as the punishing raising parabolas who trap the herd that thinks the asset will keep on raising forever close to the top of the cycle. Bitcoin is now probably going to keep on raising brutally and progressively, as these same late investors and newcomers are about to Fomo and frenzy join successively, as they realise this asset is not going to zero. Market cycles.
BITFINEX:BTCUSD
by Giovi6969
7
Bitcoin targets 11000This pattern shows that BTCUSD is trading on its new long term support zone. Using the Ichimoku Cloud as a prime leading indicator, we can identify key trend signals and many similarities between Bitcoin's last two bear cycles (2014/15 and 2018/19). First of all the cloud's squeeze (October - December 2014 and September - November 2018) was a Sell Signal to the strong decline that led to the 1st cycle's (2014/15) bottom and what could be the current cycle's (2018/19) bottom. As the cloud widened in 2015 it gave two Buy Signals, one that signified the bottom and the next that signified the start of the next bull market. The channel's support lines show where these pressure points can be found. The resistance line shows where the next target is and that is at 11000 (on a 15 month period). This is the first bullish target of the Distribution Period. The peak of the next bullish market is according to those indicators well above 40000.
BITSTAMP:BTCUSDLong
by TradingShot
13