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Bitcoin and Global LiquidityWhenever global liquidity increases, this liquidity increase fuels Bitcoin and supports Bitcoin's rise. This pattern has been continuing in the form of a sine wave since 2009. Global liquidity falls at certain times and rises at certain times. Since 2011, global liquidity has been rising in a low-speed trend, exceeding the previous peak each time it rose. Global liquidity, which last peaked in 2022, returned to a slow increase at the beginning of 2023. I think there is currently at least a 100% gap for this rise to be completed. I think Bitcoin will also rise as this gap is filled. I think it is essential for at least a long-term cryptocurrency investor to follow global liquidity closely. While this global liquidity is not meaningful to explain the SP500 or Nasdaq indexes, it appears to be in full correlation with Bitcoin.
TVC:CN10YLong
by YavuzAkbay
Whale Moves and Market Optimism: Potential Surge to $100,000Bitcoin continues to capture investors' attention with its price changes and large movements. Every rise and fall sparks more questions about its future and how it might affect the global economy. Recently, Bitcoin was traded at a price of $65,715, experiencing a small increase of about 1% in the last 24 hours, which sparked some cautious optimism among cryptocurrency enthusiasts around the world. This new confidence has been bolstered by the activity of major whales and long-term positive predictions. Some see this as an irreplaceable opportunity, while others warn against the danger of drifting behind illusions. Bitcoin seems to be at a key point that could be a good chance to buy, based on current conditions and optimistic market predictions. The rise in activity from big investors and their large purchases of Bitcoin show they believe in the currency's future, which could signal positive market trends. Also, over 70% of all open Bitcoin positions on Binance are bullish. A well-known crypto whale recently made headlines by buying 6,070 Bitcoin, worth about $395 million. This marks the whale's first major purchase in over 18 months. Renowned for strategic trading, this investor had previously acquired 41,000 Bitcoin during the 2022 market dip at an average price of $19,000 each. In a smart move, the whale sold 37,000 Bitcoin during the market upturn in 2023 and 2024 for an average price of $46,800 each, earning a total of $1.74 billion and over $1 billion in profit. This recent purchase reflects the whale's renewed optimism in Bitcoin’s future, suggesting potential significant price increases ahead. Due to recent activity and positive market predictions, Bitcoin seems to stand at an attractive buying point. The current support at the 100-day Exponential Moving Average and the lower edge of an ascending triangle pattern signals potential rises. It is expected that a bounce from these levels could soon push the Bitcoin price to $72,000, paving the way for a potential rise to $100,000 in the long term. I expect the Bitcoin price to rise by 30% in July, potentially exceeding $85,000, although current technical indicators lean towards a bearish trend. Therefore, if you are considering investing in Bitcoin, now might be a good time to consider buying, especially if you can handle volatility and have a long-term perspective. It is advisable to regularly reevaluate positions and take advantage of any significant price movements to reap profits or adjust strategies.
COINBASE:BTCUSD
by bbitar
Bitcoin Log Channels CRITICALIn the long term, Bitcoin is in a logarithmic channel. The levels of this channel indicate how cheap and how expensive Bitcoin is. The aqua-colored channel represents the exceptionally cheap region that Bitcoin has never entered in history. The yellow channel has always represented times in history when Bitcoin has been cheap. Therefore, if the 62k level is broken right now, Bitcoin will enter the cheap channel. If this happens, it will give Bitcoin one last buying opportunity before the next bull. The red area is the area that is usually seen in the bull market and where Bitcoin is relatively expensive. It is recommended to hold, not buy, in this area. The blue area is where Bitcoin peaks. It is usually advisable to sell within the blue channel.
INDEX:BTCUSD
by YavuzAkbay
$BTC Bitcoin Update: Head and Shoulder Pattern!CRYPTOCAP:BTC Bitcoin price is forming an inverse head and shoulder pattern! Current Price: $69800 Major neckline resistance around $71,500 More precisely between 71500 - 73000 If $Bitcoin is going to move to higher prices then price action needs to break neckline resistance to make for price discovery up to 84k. Up resistances: 76400, 79200, 82200, 84600. This will cause altcoins to rally for higher prices. Else if #Btc continues to reject $71500, then expect retest of previous supports at 67000, & 64300. Consequently altcoins will further lose in value.
BYBIT:BTCUSD.P
by Ifiok-2sydes
5
BTC rebound imminentMixed trading signals are anticipated for the next 24 hours in the crypto market. Bitcoin is experiencing tropical conditions, pointing to strong buy signals and a rebound from these levels. Bitcoin fell below $66,000 on Monday morning, extending last week's decline due to new U.S. economic data. After nearing all-time highs above $71,000 earlier this month, Bitcoin and the broader crypto market have cooled, with Bitcoin briefly dipping below $65,000 over the weekend. Follow us for more crypto weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
Elliott Wave Analysis on Bitcoin (BTCUSD)Elliott Wave Analysis on Bitcoin (BTCUSD) Wave (I) and Wave (II) on Weekly Time Frame Starting from the beginning of the Bitcoin chart, the first significant move up in price has been labeled as Supercycle wave (I). This wave represented the initial major bull run in Bitcoin's history, culminating in a peak, followed by a corrective phase, labeled as Supercycle wave (II). This corrective wave ended at the low observed in November 2022. - Supercycle Wave (I): This wave exhibited impulsive characteristics with five clear subdivisions (waves 1, 2, 3, 4, and 5). - Supercycle Wave (II): This was a corrective wave, taking the form of an ABC correction, and concluded in November 2022. Wave (III) on Weekly Time Frame Since the low of November 2022, Bitcoin has been unfolding Supercycle wave (III). This wave is expected to be a major bullish phase, often characterized by strong upward momentum and significant price increases. Wave (III) typically shows the following characteristics: - Strength and Momentum: Wave (III) is usually the longest and most powerful wave in a five-wave cycle. - High Volume: Accompanied by increased trading volume, indicating strong market interest. - Impulsive Nature: This wave should subdivide into five smaller waves on a lower time frame, confirming its impulsive nature. Subdivisions of Wave (III) on Daily Time Frame Within the context of Wave (III) on the weekly time frame, we are currently analyzing the subdivisions on the daily time frame. The current structure suggests the following: - Wave ((1)) of Wave (III): This wave is unfolding and subdividing into five smaller waves. - Wave (1), (2), and (3) of ((1)): These waves have been completed. - Wave (4) of ((1)): Recently completed around April 2024. - Wave (5) of ((1)): Expected to breach the all-time high to confirm the start. Current Status and Invalidation - Current Status: Bitcoin is potentially in Wave (5) of ((1)) of Wave (III), which needs to breach the all-time high for confirmation. - Invalidation Point: If the low of April 2024 (where Wave (4) finished) is breached, this would invalidate the current count. It would suggest that Wave (4) is still unfolding, possibly as a double correction. Characteristics and Structure of Wave (III) 1. Wave ((1)): Typically the smallest wave but should be identifiable as a five-wave move. 2. Wave ((2)): A corrective wave, usually retracing between 50% to 61.8% of Wave ((1)). 3. Wave ((3)): Often the largest and most powerful wave, usually extends to 161.8% of Wave ((1)). 4. Wave ((4)): Another corrective wave, typically shallow, often retracing 23.6% to 38.2% of Wave ((3)). 5. Wave ((5)): Completes the impulse sequence, may extend or truncate but should be a five-wave move. Conclusion The Elliott Wave analysis on Bitcoin (BTCUSD) indicates a bullish market ahead, driven by the development of Supercycle wave (III). This analysis is based on the assumption that the low of April 2024 will hold, confirming the end of Wave (4) of ((1)) and the start of Wave (5) of ((1)). If this low is breached, the market might still be in Wave (4), unfolding as a double correction. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
BITSTAMP:BTCUSDLong
by RK_Chaarts
USDT.D Logarithmic Trend Compared to Bitcoin TrendIn the long term, USDT dominance is in an uptrend. Within this trend, it often rises slowly, suppressing Bitcoin and altcoins, sometimes sideways, sometimes causing price declines. Then, with the sudden drops that follow, it puts Bitcoin and altcoins into a very sharp bull season. Right now, USDT is in an uptrend. I think that Bitcoin will enter a sideways channel as long as USDT remains in an uptrend. After this channel, a drop in USDT will put Bitcoin back into the bull season.
CRYPTOCAP:USDT.D
by YavuzAkbay
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
Bitcoin looks good for a 20% upmove from current levelsKUCOIN:BTCUSDT has been hovering around and below 70k+ levels for few months now and looks prime to make an upmove after breaking this zone. If we draw a trendline using the highest close values then we have got a marginal close above the trendline this week and today, #BTC is again trying to push past it. If it manages to convincingly breakout above this trendline, we might see a 20% upmove from current levels. Keep an eye!
by YetAnotherTA