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Bitcoin Continuation to $60k this MarchBitcoin ETF flows have continued to exceed recent expectations. On average it would seem we have been seeing about $500M in new money come in every day. If this continues, which I expect it will, price will continue toward the previous Bitcoin ATH around $70k very soon. In short term however, I think price will hit the $60k area by or in March. This is the measured move of a large bullish megaphone pattern, that just successfully completed a retest of the upper boundary at $50k. Happy trading!
INDEX:BTCUSDLong
by HaydenOtto
I think we're going straight to 80k!Traders, The demand for BTC from these ETFs has been insane. The last I read on this about 2 weeks ago was that ETFs were demanding over 12x what miners could supply. And this is still pre-halving. Add to this the facts that only 24% of BTC remains liquid and there is continued institutional demand in other countries opening up and you can quickly understand from some simple math that Bitcoin is in the beginning stages of a massive supply shock. Even multi-year resistance levels are blown up like they are nothing. I honestly have not seen technicals rekt to the degree they are recently. Fundamentals far outweigh technicals at this point. However, we are still going to chart, observe and denote technicals where they may be of use to support current fundamentals. In this case, I wanted to demonstrate what the technicals are showing more recently. We have here an inverse H&S pattern. Our target ends up being 80k which intersects exactly with another ascending TL I have mapped here. Honestly, I think we could go straight to 80k without any sort of pullback at this point. We did not pullback at our multi-year support/resistance from 2019. If we were going to pullback, that is where we might have done it. Another point of possible pullback is 70k. We're almost there rn and there is no signs that we are going to stop. I think 80k is in the cards and we didn't even get a pullback and retest of our 48k neckline! I am absolutely amazed by this. Then again, I have never really witnessed a supply shock in real time. Stewdamus
INDEX:BTCUSDLong
by stewdamus
For Dione, 1 cent is a reasonable target (400 %)HI Guys! In general, if we buy with the intention of holding, it doesn't matter if we buy 10% higher or lower . But in order to better understand the concept of risk and capital management and to be able to prevent ourselves from becoming fomo , we must have a specific entry point and an exit point , and in general, a specific trading setup according to our individual characteristics . In general, if we are going to lose our money, it is better to lose it ourselves than to have someone else do it ! For a currency like MEXC:DIONEUSDT , which has a higher investment risk than other more well-known currencies, a multiple reward is waiting for us , so we should allocate a small amount of our portfolio to it. Technically, for me, re-pumping of MEXC:DIONEUSDT depends on the short-term triangle break and then the 180-day downtrend break and its confirmation in a higher time frame . My medium-term target for MEXC:DIONEUSDT is around 0.005 and longer term is 1cent . And I consider the stop loss below the support range around 0.002 .
Long
by OdinSights
3
Decoding Bitcoin's Market Cap: From 2021's Peak to Today's Surge📈 Market Cap Unveiled: Let's dissect the intriguing evolution of Bitcoin's market capitalization, comparing the staggering $2.5 trillion peak in 2021 to today's resilient $2.43 trillion. This visual journey explores the dynamics behind the numbers, shedding light on the factors influencing this unexpected surge. 🔍 Comparing Peaks: A side-by-side analysis reveals that we are on the cusp of revisiting the all-time high (ATH) for Bitcoin's market cap. The proximity to the 2021 peak prompts a closer examination of the catalysts driving this surge and what it signifies for the crypto landscape. 💡 Resurgence Factors: Unravel the mysteries behind the sudden upward momentum. Explore factors such as increased institutional interest, widespread adoption, macroeconomic shifts, and regulatory developments that collectively contribute to Bitcoin's newfound resilience and bullish sentiment. 🌐 Global Influences: Delve into the global economic landscape and geopolitical events that may have sparked renewed interest in Bitcoin as a hedge against inflation and economic uncertainty. The charts offer a lens into the interconnectedness of global events and cryptocurrency market dynamics. 🚀 Market Sentiment: Beyond the numbers, the charts depict a story of market sentiment. Investigate how sentiment shifts, investor behavior, and evolving perceptions of Bitcoin as a store of value play pivotal roles in shaping the market cap landscape. 📊 ATH in Sight: The proximity to the ATH underscores the potential for a historic moment in Bitcoin's journey. Analyze the technical indicators, support and resistance levels, and market sentiment to gauge whether Bitcoin is on the brink of surpassing its previous market cap peak. 🤔 Speculating the Surge: While past performance is not indicative of future results, speculate on potential scenarios and catalysts that could drive Bitcoin's market cap even higher. Engage in the discussion about the sustainability of the current surge and what it means for the broader crypto market. Join us in decoding the mysteries of Bitcoin's market cap, from the heights of 2021 to the current surge that brings us on the brink of a significant milestone. The charts hold the keys to understanding this crypto rollercoaster, and the journey has only just begun. #BitcoinMarketCap #CryptoSurge 🚀💰
Long
by chrisGTR
BTC to Reach ATH This Week? ☀️The crypto analytics firm 10x Research expects Bitcoin to reach an all-time high this week. Cryptocurrencies extended their gains over the weekend, supported by the all-time high reached by Nasdaq on Friday. The tech-heavy index and the price of Bitcoin tend to correlate with each other. The price of Bitcoin rose 2.8 percent to $63,570 over the past 24 hours, approaching its cycle high of $64,255 reached last week. “This is probably the first time in the history of bitcoin that we have true price discovery. This is the first time that anyone who wants to buy has easy access to buy it … There’s a new army of buyers. There’s an army of salespeople,” the CEO of Galaxy Digital, Mike Novogratz, told Bloomberg. Google’s search rankings for Bitcoin confirms this increase in interest. “The retail is waking up, and we are beginning to build momentum. Google search interest has not even topped Jan highs but it is getting close,” the X profile @Sinz_Bitguide noted. As predicted by ATTMO, the bullish sun will continue to shine over the global crypto market in the next 24 hours and week, indicating further upside potential for Bitcoin, Ether, Ripple’s XRP, Cardano and many other altcoins covered by ATTMO. Follow us for more crypto weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
Last chance to buy. Last week was very eventful for BTCUSD. Breaking out of the two week long consolidation, the price surged, increasing by around 20%. However, after reaching a local high on Thursday, the price began consolidating recent gains and is adjusting to the $60,000 mark. The positive for bulls is that this consolidation is forming a symmetrical triangle, which we know typically indicates a continuation pattern. In conclusion, in my view, any dips should be considered opportunities for buying, and only if the price drops below 59K in terms of daily closing would this scenario be put on hold.
BITSTAMP:BTCUSDLong
by samstoobad
1
Bitcoin Poised for Meteoric Rise After Consolidation PhaseIn the tumultuous realm of cryptocurrency, Bitcoin stands as the undisputed pioneer, navigating through waves of volatility with resilience. As we traverse a period of consolidation, the market sentiment is palpably charged with anticipation, akin to the calm before a celestial event. Picture this: Bitcoin, akin to a mighty rocket, steadfastly consolidating its trajectory, gathering momentum, and igniting the engines of its ascent. This phase of consolidation is not merely a pause but a strategic maneuver, akin to the rocket's final checks before propelling towards the cosmos. The market dynamics, akin to the intricate mechanics of aerospace engineering, indicate a convergence of bullish indicators. With each passing moment of consolidation, pressure builds within the market, akin to the fuel reservoirs of a rocket awaiting ignition. Investors, akin to seasoned astronauts, recognize the significance of this phase. They understand that amidst the calm lies the potential for an explosive surge, propelling Bitcoin to unprecedented heights. As the countdown to the next phase of Bitcoin's journey commences, anticipation mounts. Analysts pore over charts, tracing patterns akin to celestial constellations, seeking insights into the impending trajectory. In the midst of this anticipation, one thing remains certain: Bitcoin's resilience and adaptability have sculpted a narrative of triumph against the odds. The consolidation phase is but a brief interlude, a precursor to a symphony of bullish momentum that will reverberate across the crypto cosmos. Prepare yourselves, fellow traders, for the countdown has begun. Strap in, hold tight, for Bitcoin's ascent promises to be nothing short of meteoric
Long
by eaksglobal
BITCOIN is developing the largest C & H of all time in crypto!The cup & handle pattern that BTC is currently forming is by far the largest that has ever been seen or experienced in all of crypto. I cannot express how powerful this could be for the price of BTC, as well as the vast majority of cryptos. Having a massive cup & handle formation like this, on the daily chart, that has taken over two and a half years to form is absolutely unprecedented in all of crypto, and it's nearly impossible to predict what the outcome will be, since this has never happened before, and thus, there's nothing to compare it to. There will be some major consolidation after reaching the rim-line, assuming that this pattern plays out. At this point, it's still forming the cup, and the handle should soon follow if the pattern is correct. I will be watching it, and adjusting the chart as needed, as nobody knows the exact pattern or numbers involved at this point, as they are constantly evolving as we continue to move forward. Don't FOMO in at high prices for long-term holdings, because if this pattern plays out, you will have better prices coming after we touch the old all-time high and start forming the handle. Good luck, and always use a stop-loss! *** I apologize for the repetitive post. Tradingview has taken this post down twice now.
Long
by MetaShackle
6
📈Bitcoin Next Stage 70K? / 2 Scenarios ahead of Investors📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. The cryptocurrency market has entered its bullish rally, but keep in mind that Bitcoin miners are planning to sell their Bitcoin before the halving event in order to make a good profit from this price growth. Considering that the price is approaching the Fibonacci channel, the possibility of price correction in the coming weeks is very high. Following the previous Bitcoin analysis, I closed my positions at around $50,000 and am not going to enter the trade on the current weekly candle, right now I am waiting for the next 3 days ahead. The ATR level in period 3 shows around 8500, if the last weekly candle remains above this value, the price trend of the next week will be bullish. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
Long
by CrazyS
Bitcoin - Target 1.1 Million DollarsHello Traders, welcome to today's analysis of Bitcoin. -------- Explanation of my video analysis: After the simple break and retest of Bitcoin in January of 2023 we saw a beautiful reversal and already a pump of more than +250% towards the upside. Bitcoin has also been creating a massive ascending triangle formation and if we measure the potential price target of the triangle, also mentioned in the analysis, Bitcoin can reach 1.1 Million Dollars. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
BITSTAMP:BTCUSD
by basictradingtv
9
BTC: Do LEAP DAYS occur before NEW ATH's?📉Hi Traders, Investors and Speculators of Charts📈 Leap years are somewhat mysterious with many countries and cultures celebrating Leap Day as something special. But do the charts also celebrate leap days? Just incase you didn't know, Leap years happen when we add one day to the end of February in order to align our calendar with the Earth's orbit. Once every four years, we add a 29th day onto the end of February, which is usually 28 days long, making a leap year 366 days instead of 365. The list of leap years in the first half of the 21st century is therefore 2000, 2004, 2008, 2012, 2016, 2020, 2024, 2028, 2032. By looking at the two previous leap years recorded on BTC's charting history, we can clearly see that both Leap Days in 2016 and in 2020 was basically the start of a multi year cycle leading up to a new ATH. Now there's a reason why I put MULTI YEAR in bold. It's important to manage expectations in terms of a timeframe for a new ATH. Even though BTC is extremely bullish right now, this does not mean we won't see corrections. Corrections are a normal and healthy part of any cycle. During corrections, money gets to rotate into alts and then we see big altseasons (which we haven't seen just yet). This tells us that there is still a large part of the bullish cycle left, and this is likely just the first impulse wave up (of three, Elliot Wave Theory). If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck COINBASE:BTCUSD
COINBASE:BTCUSDLong
by CryptoCheck-
4
Bitcoin Dominance: A Key Indicator for Altcoin SeasonIn the intricate world of cryptocurrency, where trends shift rapidly and market dynamics are ever-evolving, Bitcoin dominance stands as a critical metric, offering insights into the broader sentiment and capital flow within the digital asset space. Recently, the narrative surrounding Bitcoin's dominance has taken a noteworthy turn, stirring discussions about potential shifts in market behavior and the rise of alternative cryptocurrencies, or altcoins. Since September 2022, Bitcoin dominance has been on a journey, reflecting both the resilience of the pioneer cryptocurrency and the growing interest in alternative digital assets. However, recent developments have caught the attention of traders and analysts alike, as Bitcoin dominance breaks free from its bullish channel, signaling potential changes on the horizon. The significance of Bitcoin dominance extends beyond mere numerical value; it serves as a barometer for investor sentiment and market trends. When Bitcoin dominance decreases, it often indicates a redistribution of capital within the cryptocurrency market, with funds flowing towards altcoins. This phenomenon, often referred to as "altcoin season," is characterized by heightened activity and enthusiasm surrounding alternative cryptocurrencies. As Bitcoin dominance breaks away from its bullish channel, traders are closely monitoring key support and resistance levels, seeking clues about the market's direction. Currently, the market is retesting old major support levels, forming a distinct range that could offer valuable insights into future price movements. At present, the focus lies on testing the upper boundary of this range to gauge potential resistance. Should the market experience a rejection near the red old support zone, it could serve as an additional signal of Bitcoin's waning dominance and the increasing appeal of altcoins to investors. The implications of these developments are significant, as they could herald a shift in market dynamics and trading strategies. Traders and investors are keenly observing the charts, recognizing the potential for a turning point in the market's trajectory. While Bitcoin remains the undisputed leader of the cryptocurrency space, its dominance is not static, and fluctuations in this metric can offer valuable insights into evolving market trends. The current scenario underscores the growing diversity within the cryptocurrency landscape, with altcoins emerging as formidable contenders for investor attention and capital allocation. As Bitcoin dominance continues to navigate uncharted territory, the cryptocurrency community remains vigilant, analyzing market data and chart patterns to decipher the next phase of this ongoing narrative. Whether the current trend signals a definitive shift towards altcoins or merely a temporary fluctuation remains to be seen, but one thing is certain: the era of digital assets is characterized by constant evolution and adaptation, and understanding Bitcoin dominance is paramount in navigating this ever-changing landscape.
CRYPTOCAP:BTC.D
by UnknownUnicorn2319099
[BTC] Bitcoin Historic Day : "To The Moon !" ?Today marks a historic milestone for Bitcoin ( CRYPTOCAP:BTC ), as the cryptocurrency surged to touch the $64,000 level for the first time since 2021. Notably, the trading volume skyrocketed, surpassing 11 times the daily mining output. The influx of buying activity was so overwhelming that it caused a temporary crash on major platforms like Coinbase, halting trading for approximately three hours due to the sheer volume of transactions. Adding to the fervor, the BlackRock ETF on Bitcoin ( NASDAQ:IBIT ) saw an astonishing $3.3 billion in transaction volume, marking a significant increase compared to the previous day's trading activity, underscoring growing institutional interest in cryptocurrencies. From a technical standpoint, Bitcoin has exploded past the Golden Zone as published in previous analyses, accompanied by an impressive surge in volume. However, as we approach the all-time high (ATH), caution is warranted. It's crucial to recognize that such rapid movements often necessitate a period of consolidation and recharging before attempting a sustained breakout. Failure to consolidate near the ATH could result in a mere fake-out, followed by a correction to the downside. Therefore, it's imperative to monitor Bitcoin's price action closely in the coming days, looking for signs of stabilization and accumulation to validate the potential for a genuine break above the ATH. In summary, while today's surge in Bitcoin's price is undeniably significant, prudent risk management and patience are essential as we await confirmation of a sustained upward trend beyond the ATH. Great Trade !
COINBASE:BTCUSD
by ArnoSG