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Potential Path To $150k+ Bitcoin in 2024Here's my revised "Potential Path To $100k+" chart, adding in new factors that further point to the higher Fibonacci targets. Similarly, the 3.618 accurately predicted the exact market cycle top in 2021 (drawn from the 2018 Hi / Low cycle)... Worth noting - see chart. The following factors show 3 levels for Bitcoin upside in 2024, which I've labeled as 3 scenarios described in more detail below (Likely, Probably and Possible). 1. BlackRock & Fidelity ETF's Approval - (We know this is happening, just not sure when). 2. QE Money Printing To Pay Down US Debt - (The US won't have a choice. Other countries are). 3. Bank Failures, Bank Runs & Transfer Into BTC - (More regional bank failures are happening). 4. Hyperinflation & De-Dollarization (BRICS) - (We haven't seen effects yet, but likely coming). 5. Corporate Accumulation - MSTR / Apple /Tesla - (MSTR raising 750M Common Stock for BTC). 6. Country Accumulation (New Reserve Currency) - (More will follow El Salvador this cycle). 7. Post-Halving Less Bitcoin Miner Selling ($12B) - (Miners will have less to sell > 2024 halving). I've broken these down into 3 scenarios... Likely Target ($100k) - Bitcoin was widely 'expected' to hit $100k in the last cycle, and the math supports the reasons why. With $20T in investable assets in Gold + Silver + US Real Estate in 2023, just 10% of this moved over to Bitcoin gives BTC a $2T market cap alone. It's also the 1.618 Fib target for the next cycle as shown. Probable Target ($155k) - Looking at the bars pattern from the Oct 19th 2020 breakout, we can see a rapid rise in Bitcoin followed, driving price up to the April 2021 initial high for BTC. This also coincides with the 2.618 Fibonacci target on the charts. Possible Target ($210k) - Again looking at the last cycle drop starting in Dec 2017, to the low in Dec 2018, the 3.618 Fib target was exactly where the peak around FWB:64K in April 2021. Many believe this to be true 'high' although later we had a Wyckoff 'Thrust' higher to $69k. In the near term, the bars patterns also shows confluence for a pause right at the Fib Golden Pocket between FWB:48K and $50k. Since round numbers act as market magnets, I feel $50k is the next push higher before a meaningful profit taking pullback. Also notable is the 21 week MA which has been an excellent support / resistance barometer over the years, and price has just firmly broken above that in recent weeks. So this is looking very bullish to me here, and I'm expecting we go higher... Time will tell if one or more of these scenarios come to pass! What do you think??
COINBASE:BTCUSD
by BrettFogle
BTC Trade IdeaBitcoin BTC is currently overextended and trading into a key resistance level. Entering long at the current price would be at a premium and high risk in my opinion. I would be looking for a buy opportunity if this retraces down into the 61.8 fibo range. TP 2/3 off at 1:1 RR and this is in the $. My bias is bullish, however not at the current level. Your comments would be appreciated. Also, a big thank you to everyone who has been boosting my trade ideas, I am forever grateful.
OANDA:BTCUSDLong
by fxtraderanthony
7
Celebrating BTC's Remarkable Performance - Time to Long Bitcoin!Over the past few months, Bitcoin (BTC) has proven its mettle by outperforming Ethereum (ETH) by a staggering 20x! Yes, you read that right - an extraordinary twenty times! This remarkable achievement has left the trading community buzzing with excitement and presents an incredible opportunity for those who seek to maximize their gains. Bitcoin has always been the trailblazer in the world of cryptocurrencies, and this latest feat only solidifies its position as the undisputed leader. Its unrivaled performance has not only captivated seasoned investors but also attracted a new wave of enthusiasts looking to ride the wave of success. Now, you might be wondering, "What does this mean for me?" Well, my friend, this is the perfect moment to consider long positions on Bitcoin. With its unparalleled growth trajectory, BTC promises to be a lucrative investment opportunity for those who seize it. By going long on Bitcoin, you can potentially amplify your gains and capitalize on its extraordinary performance. Don't let this incredible chance slip through your fingers! Join the ranks of astute traders who are already reaping the rewards of Bitcoin's unstoppable ascent. Whether you are a seasoned investor or just starting out, now is the time to take advantage of this golden opportunity. To help you make the most of this exciting development, we have curated a collection of expert insights, market analysis, and educational resources on our platform. Access these resources to deepen your understanding of Bitcoin's potential and refine your trading strategies accordingly. Remember, success favors the bold, and this is your moment to shine as a trader. Embrace the positive energy surrounding Bitcoin's exceptional performance and let it fuel your determination to achieve new heights in your trading journey. So, my fellow trader, let's embark on this exhilarating adventure together! Long Bitcoin and set sail toward a brighter, more prosperous future.
BITSTAMP:BTCUSDLong
by bryandowningqln
BTC BITCOIN Technical Analysis And Trade IdeaIn this video, we dive into an extensive analysis of the BTCUSD pair, examining the prevailing bullish momentum observed in both the daily (1D) and weekly (1W) timeframes. Notably, Bitcoin (BTC) is nearing a critical resistance level, indicating the potential for an impending retracement. Throughout this discussion, we will explore the intricate aspects of technical analysis, including trading education on how to trade BTCUSDT effectively. As we progress through this video, we will not only provide a BTC price prediction but also deliver a Bitcoin today analysis with the aim to empower you with the insights required for trading crypto effectively. It is essential to underscore that the information presented here is intended solely for educational purposes and should not be regarded as financial advice. Engaging in the crypto market, such as trading BTC/USD, carries inherent risks, making it crucial to incorporate robust risk management strategies into your trading plan.
OANDA:BTCUSD
by fxtraderanthony
4
BTC Bitcoin Technical Analysis And Trade IdeaIn this video, we conduct a comprehensive analysis of BTC (Bitcoin), examining the unmistakable bullish trajectory it has exhibited on higher time frames. At present, Bitcoin has ascended to a pivotal monthly and weekly resistance level. Our analysis encompasses a meticulous review of the chart, where we scrutinize essential elements of technical analysis, including trend dynamics, price action patterns, and market structure. As the video unfolds, we explore a potential trade idea. Please note, the information presented is intended solely for educational purposes. It should be underscored that our insights are not to be misconstrued as financial advice, and prudence in risk management remains paramount.
OANDA:BTCUSDLong
by fxtraderanthony
7
Unlocking Heatmap Potential: Short PositionTechnical Indicators: The RSI has reached overbought levels and is showing signs of weakening. A price retracement appears imminent. Similarly, buying volume has significantly exceeded the trend average but is now witnessing a decline in new buyers. The price action is currently consolidating well above the trend lines. As a result, our AI predicts that BTC is poised for a retracement. 📉 Recommended: Short Position 📊 AI estimates the ideal price range for your short position. 💼 Technical indicators support the bearish vision. 💹 The latest price action reveals a lucrative setup for capturing the impending swing . - Ely
BINANCE:BTCUSDShort
by Elysian_Mind
4
BTC/USD 1 Week ChartOn Monday, BTC had finally crossed above and broke through its major resistance area located on this 1 week charts at $32,415 - $27,785. Note: BTC is still in a Rising Wedge Pattern as well as an Upwards Channel Pattern. BTC is still in a massive Megaphone/Broadening Wedge Pattern otherwise known as an Ichimoku Y-Wave Pattern. Take Note of the Liquidity Voids. Note that the 50MA is moving upwards so if we continue having positive momentum, we will eventually see a Golden Cross on this BTC/USD 1 Week Chart when the 50MA (Yellow Line) crosses back above the 200MA (Red Line). Here is a closer look at this BTC/USD 1 Week Chart. RSI: Note that the RSI has crossed into the Overbought Zone. Don't panic! The RSI Line can continue continue going further upwards as well as range sideways in this zone. Up/Down Volume:
BITSTAMP:BTCUSD
by TradingThroughTheLens
3
Bitcoin 4H RSI OVERBOUGHT BEARISH DIVERGENCEBitcoin Price Analysis: As of the latest available data, Bitcoin (BTC) has reached a local high at $35,280. This level has acted as a significant resistance point in the recent price history. If Bitcoin is unable to break above this resistance, it could potentially signify a short-term top. This is an important level to watch as it may signal a reversal or consolidation in the price movement. 4-Hour RSI Overbought Bearish Divergence: The 4-hour RSI is a technical indicator that measures the momentum of the price. An RSI value above 70 is often considered overbought, indicating that the asset might be due for a pullback or correction. However, it's important to note that overbought conditions can persist in strong bullish trends. The bearish divergence occurs when the price makes a higher high, while the RSI makes a lower high. This can be a sign that the current uptrend is losing momentum, and a reversal might be on the horizon. Given the combination of the price reaching a significant resistance level and the 4-hour RSI showing signs of overbought bearish divergence, traders should exercise caution and consider potential short-term downside risk. This does not necessarily mean that a major trend reversal is imminent, but it could indicate that a pullback or consolidation phase may be in store.
by sailortrades