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Bitcoinforecast

#BTC is up 30% in 14 Days. What's Next?Bitcoin is up 30% in the first 2 weeks of 2023. This is a fantastic development in price. Everyone who doubted my analysis is silent now. When BTC wants to break No resistance can stop it. Feels like May 2020. Keep in mind Risk Management is necessary atm. Stay in BTC, Scalp Alts. This is my plan. The following Resistance levels to watch are $21300 and $22800 and $24300. With a little correction, I am expecting these levels to be taken out in a few weeks or maybe days. I have posted hundreds of updates on other social platforms indicating the best time to buy is around $16k. I am still holding the BTC Long and I feel, The trend is changing no matter what they say. Although the real Bull Market will begin in 2024, BTC can reach $30k from here. Let me know what you think, and do hit the Boost Button to support my content! Stay safe #PEACE
Long
by Cryptorphic
9
Bitcoin- New leg up- probable, FOMO- not advisableBitcoin reversed around 30% from November's low with more than 20% made this year, and I already see a lot of people calling for a bottom. Indeed, this is a strong reversal, but calling for a bottom is a little early and, in my opinion, the economy is not out of the woods, by far. Nevertheless, in short term, I'm strongly bullish and I expect a new leg up. Yesterday, Bitcoin had an intraday correction and this could be it and a break above 21 could again accelerate gains to 23k. However, from a speculator's point of view, a buy here is not making sense from a risk perspective In conclusion, dips under 20k should be considered good buying opportunities, with a stop loss under 18k and a take profit around 23k
BITSTAMP:BTCUSDLong
by Mihai_Iacob
18
$BTC BitcoinBTC Price Live Data The live Bitcoin price today is $20,731.01 USD with a 24-hour trading volume of $29,721,602,588 USD. We update our BTC to USD price in real-time. Bitcoin is down 0.91% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $399,332,928,479 USD. It has a circulating supply of 19,262,593 BTC coins and a max. supply of 21,000,000 BTC coins. What Is Bitcoin (BTC)? Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009. Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.” Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use. Who Are the Founders of Bitcoin? Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2021, the true identity of the person — or organization — that is behind the alias remains unknown. On October 31, 2008, Nakamoto published Bitcoin’s whitepaper, which described in detail how a peer-to-peer, online currency could be implemented. They proposed to use a decentralized ledger of transactions packaged in batches (called “blocks”) and secured by cryptographic algorithms — the whole system would later be dubbed “blockchain.” Just two months later, on January 3, 2009, Nakamoto mined the first block on the Bitcoin network, known as the genesis block, thus launching the world’s first cryptocurrency. Bitcoin price was $0 when first introduced, and most Bitcoins were obtained via mining, which only required moderately powerful devices (e.g. PCs) and mining software. The first known Bitcoin commercial transaction occurred on May 22, 2010, when programmer Laszlo Hanyecz traded 10,000 Bitcoins for two pizzas. At Bitcoin price today in mid-September 2021, those pizzas would be worth an astonishing $478 million. This event is now known as “Bitcoin Pizza Day.” In July 2010, Bitcoin first started trading, with the Bitcoin price ranging from $0.0008 to $0.08 at that time. However, while Nakamoto was the original inventor of Bitcoin, as well as the author of its very first implementation, he handed the network alert key and control of the code repository to Gavin Andresen, who later became lead developer at the Bitcoin Foundation. Over the years a large number of people have contributed to improving the cryptocurrency’s software by patching vulnerabilities and adding new features. Bitcoin’s source code repository on GitHub lists more than 750 contributors, with some of the key ones being Wladimir J. van der Laan, Marco Falke, Pieter Wuille, Gavin Andresen, Jonas Schnelli and others. What Makes Bitcoin Unique? Bitcoin’s most unique advantage comes from the fact that it was the very first cryptocurrency to appear on the market. It has managed to create a global community and give birth to an entirely new industry of millions of enthusiasts who create, invest in, trade and use Bitcoin and other cryptocurrencies in their everyday lives. The emergence of the first cryptocurrency has created a conceptual and technological basis that subsequently inspired the development of thousands of competing projects. The entire cryptocurrency market — now worth more than $2 trillion — is based on the idea realized by Bitcoin: money that can be sent and received by anyone, anywhere in the world without reliance on trusted intermediaries, such as banks and financial services companies. Thanks to its pioneering nature, BTC remains at the top of this energetic market after over a decade of existence. Even after Bitcoin has lost its undisputed dominance, it remains the largest cryptocurrency, with a market capitalization that surpassed the $1 trillion mark in 2021, after Bitcoin price hit an all-time high of $64,863.10 on April 14, 2021. This is owing in large part to growing institutional interest in Bitcoin, and the ubiquitousness of platforms that provide use-cases for BTC: wallets, exchanges, payment services, online games and more.
BINANCE:BTCUSDShort
by BADQOMOCAWGOWLD
Bitcoin 2018 Bear Market v 2022 Bear MarketThere is a striking similarity between the 2018 and 2022 bear markets in Bitcoin as illustrated on this chart. This is the same thing I have been discussing for months now on Twitter and YouTube while so many other large influencer accounts were screaming that it HAD to go below $12K. While there is no guarantee that the low is in yet (there are no guarantees in trading except that you WILL lose money at times), there are a number of signals that it very well may be. This is just one of them. Break out impulsively above the weekly pivot and there should be no looking back.
COINBASE:BTCUSD
by Chris_Inks
1
Bitcoin Analysis 14.01.2023Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
by basictradingtv
33
$BTC Fractal Analysis Bearish for now, until we can see a major change in Bitcoins volume we wont see this fractal play out. If you believe this can happen, we need a major event to incentivize people to stock up on BTC and not cash/ commodities. Another dump from here can see a major change in hands from the weak to the strong. In the past 48 hours over 100 billion dollars has entered the Total crypto market, almost hitting 1 Trillion for the total crypto market cap. IF there is a dump from here, I can picture a lot of volume coming into the space to prop bitcoin back to a new ATH. wait and see.
BITSTAMP:BTCUSD
by A7Fund
1
Bitcoin - the newest local reviewHello Traders and Investors. I hope you are doing well. Let's start with the fact that it was a really incredible week. Bitcoin grew from $17k to $21k. This is very cool, congratulations to all bulls with a profit. I am also partially on your side and am still keeping a trade on my own indicators. Unfortunately, TradingView administration forbids sharing analysis of paid indicators for free, I really don't understand it, so the only place where I can do it is twit$er. Okay, so let's move on to the analysis. The first thing I want to highlight is $21,480, a very important level at the moment, which plays an incredibly significant role. If the price updates this high, it will mean the breaking of the descending structure and the beginning of a bullish trend. After that, the door to $28 - $32k will be open. Will there be a pullback and where to buy? No one will tell you the answer to this question, but you can identify a zone where you can buy bitcoin or open trades in case of correction. At the moment, a very strong support zone is $19,200 - $18,400. In this zone, there is the largest traded volume, 0.5 - 0.68 Fibonacci levels, and indicators that I cannot show according to the rules. All my 6 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
INDEX:BTCUSD
by Yaroslav_Krasko
The Bitcoin BottomThe chart above provides two bottom projections for the price of Bitcoin. These projections are based on what is called the cycle low multiple . This is a screenshot of the Bitcoin Cycle Low Multiple chart The cycle low multiple for Bitcoin is currently 2. This means that if prior cycle price action is predictive of future cycle price action, Bitcoin's current price (~$20k) is twice as high as it will be at the bottom of the current cycle (~$10k). Although historical price action does not guarantee future price action, history generally tends to repeat itself. With that said, both projections suggest that Bitcoin's price will fall to around $10,000 at some point between late October and late November. Both projections also suggest that this will be the bottom and that price will undergo recovery at the end of 2022 and into the beginning of 2023. In the future, I plan to write a longer post about my thoughts about Bitcoin, blockchain technology, non-fungible tokens (NFTs), decentralized finance (De-Fi), and decentralized autonomous organizations (DAOs), but I will share a few preliminary thoughts below. After much research, it is my strong belief that Bitcoin is posing a systemic risk to the fiat monetary system. Although Bitcoin presents new obstacles as a currency and as a store of wealth, its ability to facilitate transactions and store wealth independent of central banks' monetary systems will eventually draw the ire of these institutions. However, due to Bitcoin's decentralized nature, it will be virtually impossible for governments to stop. This will present a major challenge to the fiat monetary system. Be wary of Central Bank Digital Currency (CBDC) as this could become central banks' means to more effectively stop their citizens from converting fiat currency into Bitcoin. What central banks fear most is when their citizens realize that, due to its perpetually increasing scarcity, Bitcoin preserves wealth over time, unlike any fiat currency. This attribute of Bitcoin combined with its completely decentralized nature makes it a monumental challenge to the fiat monetary system. Finally, one important note: If you choose to accumulate Bitcoin, be sure to use a secure hardware wallet. Do not trust any exchange or company to maintain custody of your Bitcoin on your behalf. Note: This is my first post done on a light background. I have learned that some people have eye strain when viewing charts with darker backgrounds. I would appreciate receiving comments below on whether people prefer a light or dark background on my charts, or if it does not matter. This is not financial advice. As always, anything can happen. Cryptocurrency involves significant risk and investors can lose a significant amount or all of their money.
INDEX:BTCUSD
by SpyMasterTrades
67
Bitcoin - Elliot Wave count updateHey all, here's the update on the previous post I made a few weeks ago. Prices bounced and found support on the technical objective of major Wave A , at 16,540$ . The current situation suggest a relief rally with a first medium term target at 28,300$ . We are now in a major Wave B , a corrective wave built in three minor waves. The top of this corrective wave can be around 39,500$ according to Fibonacci targets . (see chart with three minor waves A,B,C.) Invalidation of the count will be by a break of the previous bottom, at 16,540$ . See you in a few weeks to update the evolution
INDEX:BTCUSDLong
by Augustus1st
4
Bitcoin- Traders should be careful with buy trades nowPretty quickly my target of 21k was reached and, as explained on Monday's post, my trade closed in TP with 1:4 R:R. My optimism from now on is very reserved though... Indeed, we have a higher low in place and Bitcoin is well above 18k support, however, the last 3 days are marked by an almost 20% rise and a correction could follow soon. Technically speaking, above 21k is the resistance zone and from this zone, a correction could start. Looking at a 1-hour chart we can see a small consolidation that resembles a small pennant, so a new high is not out of the question, but, as I said, if you are not scalping the market, in my opinion, is not worth the risk of a buy trade. In conclusion, I will look to buy around 19k and if is not dropping there it can go "to the moon" without me:)
BITSTAMP:BTCUSD
by Mihai_Iacob
23
Bitcoin Headed to $25kIts been a little while since we've had a chance to look at the price trajectory of Bitcoin. Ever since the implosion of FTX & Alameda, the markets were thrown in a flux, so we absconded from our charting duties for a little while. But now since the markets are back, we're going to make sure that we capture each and every single opportunity out there so that we miss nothing on the price action's ascent from this point going forward. Taking a Look at How We Forecasted Bitcoin Previously Below is a look at how we forecasted Bitcoin's price action before the SBF debacle: As we can see, we were expecting Bitcoin to at least touch the overhead horizontal resistance at $22.3k. However, that did not happen, as the price fell sharply downward after the news of FTX's bankruptcy shocked the entire cryptocurrency space. That event marked the 3rd black swan in just 2.5 years. Those events 1. Global Pandemic / Stock Market Crash in March 2020 2. Terra Ecosystem Collapse in May 2022 3. FTX + Alameda Collapse in November 2022 Despite these setbacks (and the fact that two of them came in the space of 6 months), the price of Bitcoin never dipped much further south than $16k. One could consider those two touches to be indicative of a 'double bottom' (chart pattern looks like a 'W'). This would be a fair assessment to make, since these two touches followed a long-term downtrend in price. Since then, we've seen the price action break through the former horizontal overhead resistance at $17.2k a few days ago on January 9th, 2023. From there, the price has been on a near vertical trajectory, smashing through one of the overhead horizontal resistance points that we outlined at the $18.8k-19k mark. This breakout was fueled by a 15%+ price burst over the past three days from the time of writing. This is especially remarkable when considering how little volatility was expressed in the price action. Where is Bitcoin's Price Going From Here? Now that we're all caught on what happened, let's see if we can't track down where the price of Bitcoin is going from here. In order to create this forecast, we're going to start by looking at the next resistance point ahead for the price. Resistance Doesn't Mean Guaranteed Stop As we noted prior, Bitcoin's price blew through two overhead horizontal resistance points as if they weren't even there. And when we look at the current price action for Bitcoin on the daily resolution, it doesn't appear as though this overhead resistance point will serve as a significant impediment to price action going forward. Momentum Indicators for Bitcoin For those that don't know, there are two different types of technical indicators that can be applied to any chart's price action in order to gather information for forecasts or understanding about how the price got to where it was at a given point in time. Librehash Balance of Power RSI Brief Review: 1. This indicator is built from the Balance of Power 2. We take the values of the Balance of Power, then apply the RSI extraction to it (14 periods) 3. From there, we smoothed the values over with the Exponential Moving Average (EMA; 9 Periods) 4. Then I threw on an ob/os (overbought / oversold) overlay on the chart, coded in the math logic to bound the range (similar to how RSI has a top range of 100 and lower bound of 0) 5. Took the average of the values over a certain period of time (manually; not via code), then calculated one standard deviation above and below that average to create the ob/os zones for the indicator 6. Added in logic to color the indicator red everytime a period ends with the BoP RSI beyond the ob/os range to show an "extreme" in the buy / sell pressure Main Purpose : To detect buy & sell pressure (very accurately) Below, is a look at what the BoP RSI is showing us on the daily resolution for Bitcoin: As we can see the BoP RSI reading is well above and beyond the RSI-like overlay, which means that the buy pressure is in the extreme range. Does This Mean That the Price is Guaranteed to Decrease From Here? No, not by any means. There are many traders that have the mistaken belief that when an oscillator shows measurements outside of the norms reflected by a bounded range (like the purple overlay we see in the chart above), that a reversal is bound to occur due to some sort of invisible market force that seeks 'equilibrium' above all. However, that is not true. While the indicator itself will likely return within the bounded RSI overlay range, that doesn't mean that the price will follow suit. Sometimes a cooldown in the indicator only means a reduction in the price's momentum (which is expected since this current rate of change in the price is unsustainable), not necessarily that the price will depreciate. With that being said, let's see what the other indicators are showing us. Librehash RSI(14) This is another custom indicator, just like the one before it. This is read just like the regular RSI(14). The only difference here is that the indicator itself (line) changes colors on the basis of whether the exponential moving average of the rate of change of the RSI(14) has surpassed / fell below a slower exponential moving average of the rate of change (if that's confusing, go ahead and check out how the indicator is defined on TradingView underneath the 'librehash' profile). Like the Balance of Power RSI, we can see that the RSI(14) has reached far into the OB (overbought) zone. The same can be ascertained of the Volatility RSI as well. Bitcoin on the Weekly Resolution Since we want to get a better gauge for what Bitcoin will do in the long-term, we're going to go ahead and shift over to the weekly resolution to see how the indicators are measuring Bitcoin's price action. Second Look at the Librehash RSI(14) As we can see, the RSI(14) has only recently flipped to 'green', indicating that the current rate of change in the price's momentum has begun to pick up (the indicator is coded to help detect true changes in the price action rather than getting caught in the mix by intermittent whipsaw action). There's obviously plenty of room for the RSI(14) to grow from where we're at on the weekly resolution, as the indicator is far below even coming close to breaching the 'overbought' range. Some technical analysis theory suggests that the RSI(14) does not dictate a true change in price momentum until it crosses above / below a reading of '50'. At the time of writing, its currently at 47.58 on our RSI(14). Let's take another look at Bitcoin so we can assess the last time its given us this measurement on the weekly resolution. Taking another look at the RSI(14), we can see that it has increased steadily from June 2022 to present (>6 months). radingview.com There have, of course, been periods when the RSI(14) dipped substantially. But overall, the RSI(14) has trended positively from June 2022 to where we are at present. This is notable because Bitcoin has not experienced a stretch of positive RSI(14) movement since March 2020 (following the first black swan we discussed above). Of course, we know what happened to Bitcoin's price trajectory from that point. As we can see, the price of Bitcoin increased by >1100% from that point going forward. What's different about this time, however, is that the RSI(14) has shown significant positive divergence over these past 6 months (this was not the case during the March 2020 pivot). What Does Positive Divergence Mean for the RSI? " Positive divergence indicates a move higher in the price of the asset is possible " In this case, we are indeed seeing positive divergence since the oscillator/indicator has trended upward as the price has declined. When such divergence occurs on the weekly resolution, we should take it seriously. The larger the time frame, the more more substantial the forecast as it pertains to the price trajectory going forward. Risk/Reward Target For this forecast, we're going to use the EMA indicators to give us a sense for where we should expect any notable resistance for the price moving forward. To do so, we plotted the EMA 12,26,50,100 & 200. Currently, the price has surpassed the EMA-12 (purple). It appears it'll blast through the EMA-26. Beyond that, the EMA-50 (gold) is hanging out around $25k. So we're going to plot that as our target for our R/R. We'll plot $18.8k as our stop out point since such a decline would warrant a strong reconsideration of our position. That's a potential +27.74% reward, with a risk of approximately -5% from where we're at currently. We can live with that R/R for sure (always risk management!) If we get stopped out, we'll just manage our position from there and decide whether we're going to elect to re-enter or not.
INDEX:BTCUSDLong
by librehash
$BTC BitcoinBTC Price Live Data The live Bitcoin price today is $20,861.23 USD with a 24-hour trading volume of $36,611,886,617 USD. We update our BTC to USD price in real-time. Bitcoin is up 11.00% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $401,815,530,604 USD. It has a circulating supply of 19,261,356 BTC coins and a max. supply of 21,000,000 BTC coins. What Is Bitcoin (BTC)? Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009. Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.” Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use. Who Are the Founders of Bitcoin? Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2021, the true identity of the person — or organization — that is behind the alias remains unknown. On October 31, 2008, Nakamoto published Bitcoin’s whitepaper, which described in detail how a peer-to-peer, online currency could be implemented. They proposed to use a decentralized ledger of transactions packaged in batches (called “blocks”) and secured by cryptographic algorithms — the whole system would later be dubbed “blockchain.” Just two months later, on January 3, 2009, Nakamoto mined the first block on the Bitcoin network, known as the genesis block, thus launching the world’s first cryptocurrency. Bitcoin price was $0 when first introduced, and most Bitcoins were obtained via mining, which only required moderately powerful devices (e.g. PCs) and mining software. The first known Bitcoin commercial transaction occurred on May 22, 2010, when programmer Laszlo Hanyecz traded 10,000 Bitcoins for two pizzas. At Bitcoin price today in mid-September 2021, those pizzas would be worth an astonishing $478 million. This event is now known as “Bitcoin Pizza Day.” In July 2010, Bitcoin first started trading, with the Bitcoin price ranging from $0.0008 to $0.08 at that time. However, while Nakamoto was the original inventor of Bitcoin, as well as the author of its very first implementation, he handed the network alert key and control of the code repository to Gavin Andresen, who later became lead developer at the Bitcoin Foundation. Over the years a large number of people have contributed to improving the cryptocurrency’s software by patching vulnerabilities and adding new features. Bitcoin’s source code repository on GitHub lists more than 750 contributors, with some of the key ones being Wladimir J. van der Laan, Marco Falke, Pieter Wuille, Gavin Andresen, Jonas Schnelli and others. What Makes Bitcoin Unique? Bitcoin’s most unique advantage comes from the fact that it was the very first cryptocurrency to appear on the market. It has managed to create a global community and give birth to an entirely new industry of millions of enthusiasts who create, invest in, trade and use Bitcoin and other cryptocurrencies in their everyday lives. The emergence of the first cryptocurrency has created a conceptual and technological basis that subsequently inspired the development of thousands of competing projects. The entire cryptocurrency market — now worth more than $2 trillion — is based on the idea realized by Bitcoin: money that can be sent and received by anyone, anywhere in the world without reliance on trusted intermediaries, such as banks and financial services companies. Thanks to its pioneering nature, BTC remains at the top of this energetic market after over a decade of existence. Even after Bitcoin has lost its undisputed dominance, it remains the largest cryptocurrency, with a market capitalization that surpassed the $1 trillion mark in 2021, after Bitcoin price hit an all-time high of $64,863.10 on April 14, 2021. This is owing in large part to growing institutional interest in Bitcoin, and the ubiquitousness of platforms that provide use-cases for BTC: wallets, exchanges, payment services, online games and more.
BINANCE:BTCUSDLong
by BADQOMOCAWGOWLD