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#BTC/USDT Bullish and BEARISH $57k before $100k??In this post, we will assess both bearish and bullish scenarios with detailed reasoning to help you make informed decisions, whether you're trading or investing. BTC/USDT is currently trading at $67,087.98, just above the 50-day Simple Moving Average (SMA) and $65,551.00, a critical support level. The price has already broken below a key pattern, signaling a potential shift in market sentiment. If BTC breaks below the 50 SMA+ 65.5k support, it could trigger a move towards $60.3k, with a further downside target around $57k, where high liquidity and the 192-day trendline intersect, offering strong support. Conversely, if BTC holds above the 50 SMA, it may avoid the bearish breakdown and instead aim for higher resistance levels at $71,452.01 and $73,777.00. This positions BTC at a decisive point, where the next move will likely determine the short to mid-term direction. Traders should closely watch the interaction with the 50 SMA to gauge potential price movements. FUNDAMENTALS :- The fundamentals do not align with the technicals. Here are some important points to consider: HTF: - ETF Approved ✅ - Halving ✅ - Petro dollar expiry with no renewal ✅ - US presidential candidate endorses crypto ✅ - Daily bullish divergence holds for BTC ✅ LTF: - Liquidity taken below ✅ - CPI fell and rates reduced ✅ - PPI fell and rates reduced ✅ Reason for Further Down HTF: $100k charts everywhere but without any pullback! There is a significant amount of liquidity between $50-59k, which is very attractive to big investors and institutions with BTC targets between $130k-$350k. Even if we dip slightly above $51k, the higher low will remain intact, keeping the HTF trend bullish. The current HTF fib retracement is thin compared to traditional optimal entries. Historically, before a new ATH, there's usually a major shakeout causing fear and cheap liquidity for institutions. This hasn't happened yet, making now an ideal time for a retracement amid high bullish sentiment and greed. A typical scenario involves a massive, unexpected dump causing widespread fear, lasting from 10 days to 3 weeks. This provides institutions and big investors with cheap liquidity, setting the stage for a bull run once their positions are filled. So, even with positive indicators, remain cautious. Avoid FOMO for your own sake. It's better to keep cash (At least 40% in USDT to buy Alts at cheap). This is the kind of decisions we didn't see in previous bull runs! Remember that? I hope this post helps you. If it did, please hit the like button and share your views in the comment section. Thank you #PEACE
Short
by Cryptorphic
3
my pridection for the BTC/USDT Dear Community, I wanted to share some insights on Bitcoin's potential price movement. Based on current market analysis, Bitcoin may continue to trend downward until it completes a head and shoulders pattern, potentially reaching around $61,700. This level is significant as it marks a key point in the market structure. After breaking through this upside, Bitcoin's behavior has changed, especially noticeable in lower time frames. This shift indicates that we might see further downside movement before any potential recovery. Stay informed and manage your investments wisely. Best regards,
INDEX:BTCUSDShort
by brayanboudaa03
BTC Rejects $70K: Recovery Fails Following Fed AnnouncementBitcoin witnessed a strong rise above the $68,500 resistance area. It tested the $70,000 level, but after the Fed announced the interest rate hold at 5.5%, a strong bearish reaction was observed. Bitcoin started a new decline from the $70,000 resistance zone, and the price is now trading below $68,550 and the 100-hour simple moving average (SMA). Uptrend Line and Support: There is an uptrend line forming with support at $67,500 on the hourly chart of the BTC/USD pair. The price is facing resistance near the $68,250 level. This means there is sufficient buying pressure to prevent the price from dropping further. This level is considered a strong support based on previous price movements. Resistance Levels: The price is struggling to rise above the $68,250 level. This level acts as a barrier to upward price movement. Therefore, the first major resistance can be at $68,550, as this level is a key resistance point where the price is expected to face more difficulty in breaking through. Fibonacci Level: The 50% Fibonacci retracement level is used to identify potential support and resistance levels after a significant price move. In this case, the 50% Fibonacci retracement of the drop from the $69,969 high to the $67,148 low indicates that the $68,550 level represents half of the downward move between the high and the low, making it an important resistance level. Next Important Resistance: The next key resistance could be at $69,200, a level where the price might face strong selling pressure, making it harder for the price to rise. This level is an important resistance point to watch. A clear move above this resistance could push the price towards $70,000, a significant psychological level where investors might expect increased selling pressure. Further gains could drive Bitcoin towards the $71,200 resistance, which could act as a temporary stop or barrier to upward price movement. If this resistance is broken, it indicates that the market has sufficient strength to continue rising. Trading Recommendations: Buying Opportunity: If Bitcoin succeeds in rising above the $68,550 level, buying positions can be opened with targets at $69,200 and $70,000. As mentioned, the $70,000 level is a major psychological barrier and strong resistance in the market. It is crucial to place stop-loss orders below $68,000 to manage risk. Selling Opportunity: If the price fails to stay above the $67,200 support level and drops below it, this indicates weak buying pressure and increased selling pressure. In this case, the price could drop to $67,000, a nearby support level that might see some temporary stability. If the downtrend continues, the next target would be $66,000, a major support level that could offer a buying opportunity or other trading decisions. Investors should always keep an eye on global economic events and any statements from the Federal Reserve, as they significantly influence price movements. Relying on both technical and fundamental analysis is essential for making wise investment decisions in the volatile cryptocurrency market.
COINBASE:BTCUSD
by bbitar
BTCUSD: High chance to see 75k+ soon. Here's why!Please see previous btc ideas for more context ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
BITSTAMP:BTCUSDLong
by Yelli_trades
7
Investment and Hedging Strategies in the Bitcoin MarketRecently, Bitcoin has experienced significant volatility, sharply declining after the flash crash on June 6. Prices fell from the $72,000 level to below $70,000, leading to substantial selling pressure. However, positive trends can be seen in the market as U.S. ETF issuers are buying a lot of Bitcoin, which boosts confidence in the long-term outlook of the cryptocurrency. Key Points: Strong Support at $66,000: Breaking this level may indicate a shift in the downward direction. Resistance at $74,000: Surpassing this level could drive prices to new highs. ETF Purchase Volume: Adding 25,729 bitcoins in the first week of June enhances confidence in the long-term upward trend. Recommendation: For Short-Term Investors: Due to high volatility and current selling pressure, it is advisable to wait and see if the support at $66,000 holds. If the support level is broken, it may be wise to avoid entering the market until prices stabilize. For Long-Term Investors: Price corrections can be used as opportunities to add more Bitcoin to investment portfolios. It is smart to invest gradually and take advantage of price drops to make purchases. Hedging Strategies: Diversification: Diversification is a hedging strategy aimed at reducing risk by spreading investments across various assets. Instead of relying solely on Bitcoin, investors can diversify their investments into other digital assets like Ethereum, Litecoin, or even traditional assets like stocks and bonds. This diversification can reduce the negative impact of Bitcoin’s volatility on the overall portfolio. Futures Hedging: Futures hedging involves buying or selling Bitcoin futures contracts to protect the portfolio from price fluctuations. If an investor owns Bitcoin and wants to protect against price drops, they can sell Bitcoin futures. On the other hand, if they expect prices to rise but do not own Bitcoin, they can buy futures to benefit from the expected increase. Risks Associated with Hedging Strategies: High Costs: Hedging with futures involves paying fees and spreads, increasing overall costs. Systemic Risks: Futures contracts can be affected by economic and political events, leading to unexpected losses. Technical Knowledge: Hedging with futures requires a deep understanding of the markets and how futures contracts work. Hedging strategies provide protection against market volatility but must be used carefully and with a clear understanding of the potential risks. Diversification and futures hedging can be effective tools for risk reduction, but it is essential to understand the costs and risks associated with these strategies before implementation.
COINBASE:BTCUSD
by bbitar
#Bitcoin Weekly Technical Analysis by Cryptorphic, Target $155k!Overview: This analysis looks at the historical and projected price movements of Bitcoin (BTC/USD) on a weekly chart. Historical Price Movements: 1. First Major Rally (2016-2017): - Growth: 4,499.77% - Price Increase: From ~$430 to $19,439 - Duration: 86 bars (602 days) 2. Second Major Rally (2020-2021): - Growth: 1681.18% - Price Increase: From ~$3924 to $69,889 - Duration: 95 bars (665 days) Current Trends: - Current Price: $70,004.70 - Support Levels: $44,532,$52086, $60200, $68300 (Immediate support) - Resistance Levels: $73,000.00 (immediate), $138,000-$155,000 (projected) Moving Averages: - Purple Line: 20-week moving average - Pink Line: 50-week moving average Future Projections: - Potential Target: $138,000-$155,000 - Critical Date: April 2, 2024 - Trend Analysis: Watch for a breakout above $75,000. Conclusion: Bitcoin shows strong bullish trends. A breakout above $73,000 could signal another major rally. Monitor the 20-week and 50-week moving averages for trend confirmation. Simple maths, Fractals and all the data from indicators suggest Bitcoin is poised to hit $100k+ by EOY. SO AVOID THE NOISE, LOOK AT THE BIGGER PICTURE! Disclaimer: This is for informational purposes only and not financial advice. Conduct your own research before investing. Please hit the like button if you like it and share your views in the comment section. Thank you #PEACE
EIGHTCAP:BTCUSDLong
by Cryptorphic
#Bitcoin, levels to watch.#BTC : Nice recovery over the weekend; should hold the same by the end of weekly close. The price is stuck between FWB:67K and $71.3k. The main support below FWB:67K is $60.3k. Break and close above $71.3k would signal another attempt for a new ATH. Unless we break either of these levels, Bitcoin remains choppy. If you're playing on leverage, stay cautious and keep an eye on the weekly close. I have an announcement to make, stay tuned! Please hit the like button if you like my posts. Also, Let me know what you think in the comment section. Thank you #PEACE
BITSTAMP:BTCUSDLong
by Cryptorphic
6
Breaking $72,000 as a Catalyst for a Surge to $180,000+As we closely monitor Bitcoin's price movements, a critical resistance level at $72,000 stands out. If Bitcoin successfully breaks through this barrier, it could signal the beginning of a significant upward trajectory. The implications of surpassing $72,000 are substantial, potentially driving momentum that propels Bitcoin to new all-time highs. Reflecting on historical trends and market cycles, it's evident that Bitcoin is on the verge of entering a new bull market phase. Analyzing the patterns and growth from previous years, there are compelling indicators suggesting that Bitcoin's next peak is on the horizon. I anticipate that we will see Bitcoin's value soar between April and September of 2025, reaching levels above $180,000. Several factors support this bullish outlook. The increasing institutional adoption, growing acceptance as a store of value, and technological advancements within the blockchain space all contribute to the potential for significant price appreciation. Moreover, the macroeconomic environment, characterized by inflation concerns and a search for alternative assets, further bolsters the case for Bitcoin's continued growth. In conclusion, breaking the $72,000 mark is more than just a price milestone; it could be the trigger for a substantial bullish run. With the potential peak projected between April and September 2025, reaching above $180,000, Bitcoin's future looks exceptionally promising. Investors and enthusiasts alike should keep a close eye on these key levels and prepare for the opportunities that lie ahead in this dynamic and evolving market.
COINBASE:BTCUSDLong
by cryptomaki
2
Price Psychology and Game TheoryMarkets move in cycles and based on game theory . Everyone is risk averse and everyone jumps in when it appears "risk free". This is how prices would be bid up. Stocks work like auction . During Bull runs -> Highest payer - bids up the prices and the averages increase. During Bears -> it's a fire sale. BUYER has an upper hand and takes the lower prices available. It's human nature... Game theory states you buy whilst you can else you will be left behind. during "ATH" prices fly because prices are relative . Where the driver is the credit condition cycle (loose is good) and ofcourse ETFs.
BITSTAMP:BTCUSDLong
by citsvar
1
Bitcoin Breaches $69,000: Bullish Breakout?Bitcoin Breaches $69,000: A Bullish Breakout or a Fleeting Glimpse? Bitcoin (BTC) bulls were ecstatic as the world's leading cryptocurrency climbed above $69,000 during early Asian trading on June 3rd. This move marked a significant milestone, breaking a resistance level that has held firm for the past 12 weeks. However, the crucial question remains: is this a decisive breakout or a temporary blip within a prolonged trading range? The recent surge follows a period of relative stability for Bitcoin. After reaching a new all-time high near $69,000 in early March, the price retreated and consolidated within a range of roughly $60,000 to $67,000. This consolidation phase, while frustrating for some investors hoping for immediate gains, can be a healthy sign for the long-term health of the market. Several factors are fueling the current optimism surrounding Bitcoin: • Institutional Adoption: The continued influx of institutional investors into the cryptocurrency space is a major driver of growth. Large investment firms, hedge funds, and even traditional banks are increasingly recognizing Bitcoin's potential as a valuable asset class. This institutional interest provides much-needed stability and legitimacy to the market. • Positive On-Chain Metrics: Analysis of on-chain data, which tracks the movement of Bitcoin on the blockchain, suggests positive signs for future price movements. Metrics like active addresses and exchange outflows indicate that investors are accumulating Bitcoin and holding onto their assets, which can reduce sell-off pressure and contribute to price appreciation. However, there are also reasons for caution: • Resistance at $69,000: The $69,000 level represents a significant point of resistance. Previous attempts to break above this level have been met with selling pressure, pushing the price back down. Successfully flipping this resistance into support will be a crucial step for a sustained bullish run. • Macroeconomic Concerns: The broader macroeconomic environment remains a source of uncertainty. Rising interest rates, a potential global recession, and ongoing geopolitical tensions could all dampen investor sentiment and negatively impact the cryptocurrency market. • Regulation: Regulatory scrutiny surrounding cryptocurrency remains a potential hurdle. Government intervention could stifle innovation and limit market growth, although clear regulations could also bring more stability and attract hesitant investors. So, will Bitcoin's climb above $69,000 be a lasting victory? Experts are divided. Some analysts believe this is a breakout signal, paving the way for a continued price increase towards new all-time highs. They point to the confluence of positive on-chain metrics, institutional adoption, and increasing scarcity of Bitcoin due to its capped supply. Others remain cautious. They highlight the strong resistance at $69,000 and the potential for a pullback if bulls fail to maintain momentum. Additionally, they emphasize the unpredictable nature of the cryptocurrency market and the influence of external factors like global economic conditions and regulations. Ultimately, the future direction of Bitcoin remains uncertain. However, the recent surge above $69,000 signifies a renewed sense of optimism in the market. Whether this translates to a sustained bull run or a temporary blip within a trading range will depend on various factors, including the ability of bulls to overcome resistance levels and the overall health of the global economy. In the coming weeks, investors should closely monitor key metrics such as trading volume, order book depth, and news surrounding regulations and institutional adoption. These factors will provide valuable insights into the strength of the current uptrend and the potential trajectory of Bitcoin in the near future.
BITSTAMP:BTCUSD
by bryandowningqln
Unprecedented time for BITCOIN - first time in the HistoryHello everyone, last update I said that we are in an unprecedented time for Bitcoin so I decided today to shed more light on this statement. I said it because it is the FIRST TIME in Bitcoin History we doing something that never happened before. --- BITCOIN is consolidating ABOVE its MONTHLY ATH Close --- This should be enough as a reason for everyone interested to pay some EXTRA attention since we may experience something unexpected... ↓↓↓ more inside ↓↓↓ 1M History 1W 2011 1W 2013 1W 2017 1W 2021 1W BULLs Case BEARs Case 1D Summary Hopefully, this elaboration was helpful for some of you in further market navigation. If YES, please consider liking or sharing this post, it would mean a lot to me. Also, if you are interested in more updates or you would like to receive more predictions with lower time frame updates daily, let me know in the comments or DM. Best Regards, Joe
INDEX:BTCUSD
by cryptocapitaltrading
Bitcoin is Going for 88 K - Cup Handle Pattern Hello My dear Traders, I am Bullish for Bitcoin for a Target of 88 K The cup and handle pattern is a technical analysis pattern used trading to identify potential bullish continuation patterns It's formed by a price movement that resembles a cup with a handle. Here's how it typically looks: Here are the stages for cup and handle pattern. First stage - Cup : The price initially forms a rounding bottom, creating the shape of a cup. This phase usually represents a period of consolidation after a previous uptrend. The up move Started from 58 K to 71k and now the cup is fully formed. Second Stage - Handle : Following the cup formation, there's a slight downward drift in this case from 71 k to 67 k in prices, forming a smaller consolidation pattern resembling a handle. I have marked the likely handle formation on the chart. range of handle is from 67 k to 71 k levels - a short lived bearish trend or we can say consolidation near the zone of resistance. How to enter Trade in Cup and Handle Pattern - The buy signal occurs when the price breaks out above the handle's resistance level, indicating a potential continuation of the previous uptrend. In this case any break above 71 K levels will be bullish for the target of 88 k on the charts. what are the confirm the Pattern Confirmation characteristics ? Volume: Typically, volume should decrease as the cup forms and increase during the breakout phase. Same in happening this case also. Depth: The cup should be relatively deep, indicating a significant retracement from previous highs. The depth of cup is from 58 k to 71 K - qualifies for adequate depth Duration: The pattern should ideally take several weeks to form, indicating a solid base of support. In this case. Seven Weeks have been taken in formation of the cup as marked on the chart. The formation of handle is still in progress for last two weeks. Completion is expected in by another two weeks. I hope this analysis of mine will help you learn something more and new about Cup and Handle Pattern in technical analysis Do follow and like / boost my work to motivate me God Bless you all
by KINGSFALCONTRADERS