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Bitcoinforecast

An In-depth Look at the Bitcoin Halving History and 2024 A Brief Overview of Previous Bitcoin Halving & Its Effects on the Market Bitcoin halving is an event that occurs every four years and halves the reward for miners who successfully mine a new block. The Bitcoin protocol is heavily reliant on a concept known as mining. Mining is an essential part of the Bitcoin network and this is the process of verifying transactions on the Bitcoin blockchain, and has a significant impact on the Bitcoin market, as it affects the supply and demand of the Bitcoin. The first halving of Bitcoin occurred in 2012 and marked a major milestone in the cryptocurrency's history. Halving process reduces the amount of new Bitcoins created and released into circulation every 10 minutes, thereby reducing inflation and increasing the scarcity of Bitcoin. The halving event was seen as a bullish sign for the future of Bitcoin, as it suggests that demand for the digital currency is increasing while supply is decreasing. The rest of halvings in 2016 and 2020 Bitcoin price was followed by a pre-event and post-halving bullish rally which saw Bitcoin prices soar to all-time highs in 2017 and 2021 respectively. - What are Predictions for the Future Effects of 2024 Year's Bitcoin Halving on Prices? The Bitcoin halving of 2024 will be one of the most anticipated events in the cryptocurrency world. It is expected to have a major impact on the price of Bitcoin, and many experts are predicting that it could result in a significant increase in its value. It is important for investors to understand how this event is affecting the market so that they can make informed decisions about their investments. As we approach the Bitcoin halving, it is important to understand what it means and how it will impact the cryptocurrency market. 2024 year's halving will reduce the reward for miners from 6.25 BTC, the next block reward will be 3.125 BTC per block mined, which could have a significant effect on the price of Bitcoin and other cryptocurrencies. To prepare for this, investors should be aware of potential changes in market dynamics, such as increased FOMO stimulus, sudden price volatility prior to halving. The halving events of Bitcoin have been divided into sectors in a chart to provide an insightful look into its history. It is interesting to note that each halving event is marked with a unique color, starting with number 0. This chart also provides a glimpse into the changes in Bitcoin's value during these events 1-2-3, and how they have impacted the growth of Bitcoin 1 Rising phase (2013, 2017, 2021) 2 Crash phase (2014, 2018, 2022) 3 Bottom Phase (2015, 2018, 2023?) According to this trend we can expect that 2023 is the Bottom phase of the cycle, and is likely to see prices double as investors look to make profits on the increasing scarcity of Bitcoin. After this, it's likely that we'll experience a rapid rise back towards new All-time Highs (ATH), as investors FOMO to take advantage of the increased demand. The bitcoin halving of 2024 will be a pivotal moment. After the halving, the amount of newly mined bitcoins will be reduced by half and this could lead to a significant change in the Bitcoin price. This may have both positive and negative implications for the value of bitcoin, however it might be a pure math of Supply and Demand. Best regards Artem Shevelev
INDEX:BTCUSD
by ArShevelev
11
BTC → Bitcoin Back to $38,000? Or to $138,000? Let's Answer.Bitcoin has deviated from its historical price action tendencies and reached new all-time highs before the bitcoin halving and without touching lifetime support! Does that mean we will continue to go up? How do we trade this? 🤔 Bitcoin is clearly at a crucial moment in the market, breaking beyond the previous $69,500 all-time high and reaching just shy of $74,000. Without surprise, Bitcoin is facing some resistance in this area as the bulls take some profits and the bears lurk waiting for a solid sell candle. At this stage, we do not have a sell candle to justify a short. My previous analysis called for a 30% pullback or more between the $45,000 and $55,000 area if the proper sell candle and confirmation bars showed themselves, we never received those candles. I am still in the same mindset; be on the lookout for a major pullback, but wait for the proper sell and confirmation to short. Long scalp on the smaller timeframes, 5m or 15m until the price action no longer justifies it. I believe the more lucrative opportunity will show itself after a major pullback occurs to the $38,000 price area. This area provided great trade volume and has acted as support and resistance several times in the past few years. It's reasonable to believe this will be a solid floor for Bitcoin. The hard lifetime support floor is approximately $25,000 leading into 2025, but I think it's unlikely at this point to see such a pullback. $38,000 is the more likely support level as that should coincide with the Weekly 200EMA later this year/early next year if the price is to fall that far. We also have to consider that the price may not fall below the Weekly 30EMA or come near the Weekly 200EMA and should be looking for a buy signal at any of these support zones. For now, I would long trade the smaller timeframes and be on the lookout for the sell signal candle on the weekly chart. 💡 Trade Idea 💡 Long Entry: $42,000 🟥 Stop Loss: $25,000 ✅ Take Profit #1: $69,000 ✅ Take Profit #2: $110,000 ⚖️ Risk/Reward Ratio: 1:4 🔑 Key Takeaways 🔑 1. At previous all-time high resistance, not ideal long entry on Daily or Weekly timeframe. 2. Wait for sell signal on Daily or Weekly timeframes to enter a short. 3. Target Weekly 30EMA, 200EMA, and previous high volume area for support. 4. Long at $42,000 after a strong buy signal off of the high volume area, target 1:4 Risk/Reward and take half of the position off the table at $69,000, move stop loss up to entry and swing the latter half of the position to the $110,000 area. 5. RSI is overbought near 85.00 which supports a pullback and hesitation to long. 💰 Trading Tip 💰 It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
INDEX:BTCUSDLong
by TraderEngineering
6
Bitcoin (BTC) Analysis: Pullback Signals ReversalBitcoin (BTC) experienced a notable pullback in the past week, sparking concerns among traders and investors. However, recent price action suggests a potential reversal is underway, offering opportunities for traders in the cryptocurrency market. Technical Analysis: Price Movement: BTC witnessed a retracement in its price over the past week, reaching key support levels. Reversal Signals: Recent price action indicates signs of a reversal, with BTC showing resilience and bouncing back from support levels. Key Levels: Critical support and resistance levels are being closely watched, offering insights into potential price movements. Market Sentiment: Investor Confidence: Despite the pullback, investor confidence in Bitcoin remains strong, as evidenced by ongoing institutional interest and positive sentiment in the crypto community. Volatility Opportunities: The recent pullback has created opportunities for traders to capitalize on heightened volatility in the cryptocurrency market. Trading Strategy: Buy Opportunities: Traders may consider entering long positions as BTC shows signs of reversal, targeting key resistance levels. Risk Management: Implementing proper risk management strategies is crucial in volatile market conditions, helping traders mitigate potential losses. Bitcoin analysis Cryptocurrency market Crypto trading BTC price forecast Bitcoin technical analysis Crypto market update Cryptocurrency trends
Long
by SwingSamurai_QMA
Crypto Market Cap REACHED $1 TRILLION . buy before its too lateHello there, it's been a long time since I updated my @TradingView page. All of my prior market updates hit their targets, and the market is presently hovering at favorable buying positions for mid-term and long-term investors. It's still a risky zone to go all-in, but we may try a few entry for a fraction of our portfolio. I believe the crypto market will return right here at 1T market cap and rise to 2T market cap. This means that all altcoins/tokens will grow at least 2-3x from their present levels. I believe the market is not prepared for another bull run since all investors who joined the market on the downtrend will exit at possible breakeven. This will lead the market to drop from 2T (or close to it) to 1-1.2T. Stay safe, peace out! Best regards Artem Shevelev -
CRYPTOCAP:TOTALLong
by ArShevelev
4
Bitcoin looks bearish for 2022?I know, even in my chart, #BTC is in beartrend risk-zone. Still, i am bullish AF. Why? Beartrend risk-zone can indicate also a good buy moment, while the zone signalled often a trend change. If you check on-chain data, inflation and the rising of authoritarian states, i cant believe how cheap BTC still is. I know that, when majority of the people lost hope (i think its happening now), number will soon go up. We could see a huge Q1 + Q2 2022 on #Bitcoin (+150-500%) and also huge gains on #altcoins
BITSTAMP:BTCUSD
by BTC_maximalist
Bitcoin buy zone approaching really quick LAMBO ZONE SOON AFTERFollowing a nice run early this year we have gone through a period of profit taking/distribution. The fundamentals creating the environment for such a nice run up haven't changed much, however there will be a new catalyst towards the end of this summer that will create an environment for a HUGE Bitcoin run above £100k. It's all going to be closely related with COVID and further QE. Why $25,000 is the buy zone? Simple maths ATH - $65,000 Golden Fib - 0.618 $65,000 * Golden FIb = $40,000 $65,000 - $40,000 = $25,000 Major resistance? $80k $105k And then obviously the LAMBO ZONE
Long
by very-good-trader
Bulls Whispers: How 2015's Ghosts Haunt BitcoinLooking in BINANCE:BTCUSDT past, the similarities between the 2015 and 2023 bear markets are both enlightening and cautionary. In 2015, we witnessed a rapid descent marked by pronounced long wicks on the weekly chart. Fast forward to 2023, the landscape has notably evolved. A standout pattern on the current chart is the flat top triangle, reminiscent of its 2015 counterpart. However, the nuances are subtle but significant. A rounded bottom and a sharp parabolic rise, denoted by the orange circle, paint a more subdued yet optimistic picture for 2023. What explains this shift? Market capitalization and trading volume have soared since 2015, lending stability to BITSTAMP:BTCUSD movements. These parallels suggest a cautiously bullish outlook for Q4, 2023. Yet, caution must prevail. Unforeseen events, akin to the black swan event of the COVID-19 crash, remind us that the crypto landscape, while promising, demands vigilant navigation.
INDEX:BTCUSDLong
by ArShevelev
9
The chart no one wants to see or believe!There is more than one way to skin a snake. Not only price can hurt you... Time can hurt you too! How about some up and down action for 3 to 5 years that goes no where? Like shacking the Jar and angering the ants so that they loose faith and confidence, so when the rally really actually starts they won't believe it! Maybe it got to easy to buy and hold for 2 to 3 years and sell? If you are a hodler for long term, then this should not affect you and you should just keep buying. It actually should be viewed as a gift as prices will come back to low prices for stacking. In this chart I'm hitting two birds with one stone as I Have added Silver, Gold, S&P500, Nasdaq and the Dow Jones. Why? so we can see how Bitcoin has interacted with these 5 other markets. By taking a glance at them, It is very clear to see that all of these markets have had affect on Bitcoin in one way or another. This is not to be taken as written in stone and non of the prices or moves are literal and just examples. The point is a long term zig zag pattern and staying range bound to shake out the greed and impatient or weak hands. How about life happening and being forced to sell although you have no intent too? The more that time passes in bad times the likely you'll be forced to sell to stay a float. Nothing has changed in bitcoin network, in fact it keeps getting stronger and healthier but a pause in price could be healthy in the bigger picture. So what happens from here? We just stack for 5 years and watch it bounce in between the Nasdaq and Dow? Well, yes and no. There could be other altcoins that run fairly hard during this time period. For example, Ethereum and Ethereum based tokens. Gold and Silver could go on a run. Also narratives could change on a dime. Truth is... no one knows, you just have to keep and ear to the street and pay attention. Don't get caught 1 step behind. Without a doubt, it's a great time to stack!! No one can argue that. Thanks for viewing WeAreSat0shi Have a blessed new year!
BNC:BLX
by WeAreSat0shi
4
Is something wrong? The halving come early?We are looking at a chart of bitcoins entire history against the stock to flow. The stock to flow is the orange line that price action tends to follow. The green line on the lower part of the chart with the what looks like speed bumps in is the deviation of the stock to flow. Well, the deviation in the past has made moves higher almost precisely the halving. Yet here we are over a year away from the halving and it's signaling something. What is it saying? or could it possible be broken? or is there another underlying issue? Let's take a look. First off the stock to flow is sitting right at 52.6k and right now and the price of bitcoin is at roughly 16k. This is the biggest deviation from the stock to flow it has ever had in a bear market. The price now is so detached from the S2F that it could be literally telling us that bitcoin could be as cheap to by right now as it is right before a halving. This is all backed up by the RSI indicator on the bottom that is showing us bitcoin has never been this over sold on the monthly ever before. OK, BUT WHY? why is it so cheap right now? Good old fashioned fear could be the answer. Or is there something else wrong? Is it something nefarious? Only time will really tell the answer to that. From what I see , I think we are waaay over sold, so much that the S2F has deviated more than ever and the RSI says the same thing. So does this mean the bottom is in and we won' t go lower ? No, we actually can go lower, What it could mean is that this a very rare anomaly that might just might never happen again. It could be the norm in bitcoins future as it grows. Or it could be the buy of a lifetime and could explode higher in the weeks. One this for sure... it's a damn good time to buy. Legend S2F Model Value S2F Bands Deviation RSI let me know what you think in the comments below Thanks for looking WeAreSat0shi Stay Blessed! The RSI is also the most oversold
BNC:BLX
by WeAreSat0shi
10
Bitcoin Bear Market Bull flagsHi Investors/traders Today I'm looking at the 2 week chart of BTC on a line chart. We are comparing the bear markets with a bull flag out look. Although they are NOT technical bull flags they bare some similarities with the support and resistance areas along with false breakouts. We will go over false break outs and they usually mean and result in. There are only two indicators in this chart although one is turned off for the purpose of clarity and keeping the chart clean. The one not visible is the (Bitcoin Fibonacci Log Regression) and the (CM_Ult_MacD_MTF) it is basically the MACD with different colors, a line that marks the zero and dots to mark crosses. As we can clearly see the 2 week MacD has had an upward cross which has historically marked the bottom was in and momentum is slowly being gained on the upside. This should tell you the fight to battle resistance zones has already begun. False breakouts whether they are on the upside or downside act the same way. As we can see in 2018 Bitcoin was in a down ward trading channel (Bull Flag) and broke out of it on the downside, it then recovered back into the channel, which is a bullish move as we can see the result was a fairly substantial run afterwards. Last year Bitcoin did the same thing but opposite. It broke out of the channel but to the upside this time, then falling back into the channel again proving to be a false breakout. This is a very bearish move, But when does is it end? Well, no one knows, probably not the answer you're looking for. Clues for the answer to this question In my experience are in the indicators. One powerful indicator is the MACD, especially on the 2 week. The RSI as well is a very powerful indicator although not in this chart is showing a bullish divergence. Also a third indicator that is very powerful is the Stochastic RSI, which itself is also showing momentum is on the rise as well. Does this mean BTC will flip bullish any moment? No. Does it mean we will not go lower? No. There is no 100% guarantee, only risk management. Historically what we can see here is that it has been a very good time to buy and a reversal would come in the next few weeks or months. I have two possible targets on this chart, why? First off no knows the actual future of anything. The only thing we can do is use educated guesses. By looking at at history, and using indicators, we can try to plot how the future could happen. After that we just follow a and see where it goes. So, the possible targets.... If you believe in manipulation of outcomes, (covid) being one and the addition of (leverage trading) and (Derivatives). I see people arguing that it affected the price of BTC, the crypto market and caused anomalies. Anomalies always happen, like we said earlier there is no certainty. However, one action begets and equal opposite reaction. so, it there is any truth to these things they will eventually correct one way or another. The only thing we can go by are the facts, the facts are BTC had a bull run, it then pulled back, then it had a false breakout, that then lead to the collapsed, and now is showing that momentum is flipping to upwards again. You could say this is all just junk information, but by comparing it to the stock to flow we can see there is something to it. I have stock to flow comparison charts as well. Another thing to be aware of is that BTC as of the FTX debacle, is now untethered from the stock market. What does that mean? I don't know. For how long or permanent? I don't know. Yes, Bitcoins moves throughout it's history have been mirrored to stocks. I want to add that a break and close below 13.7k is not a good thing and it's not a buy in my opinion. I think a close under 13.7k will eventually lead to a bigger collapse to at least 3k and would take years and years to recover. I do have this scenario in the chart as well, however I don't expect it at this point in time. I'm not saying that the price can't go below and quickly recover, I'm saying if it does go below and does not quickly recover, than there are most likely bigger problems in the market. Time will answer these questions from above. I think within 6 months a lot of these questions will be answered. So sit tight and let's see. Thank you for looking leave questions or comments below WeAreSat0shi
COINBASE:BTCUSDLong
by WeAreSat0shi
12
Surprise Mothafuqueurs!!!This is the dip! If you wait, you might fomo at 50k. Fomo is a hell of a thing. Hash ribbons already printed a buy weeks back. NVT Is now preparing for the meal to come. The feast on FIAT will be glorious especially while the bears sit and watch. Not the Chicago Bears but the bear market blues drummers. They're going to starve this winter as the summer was not bountiful and hibernation will tough. The key word is SURPRISE. It won't be a smooth ride up. Not financial advice.
BITSTAMP:BTCUSDLong
by WeAreSat0shi
14