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Bitcoin Analysis | Pullback before 100k?Hi Traders! Bitcoin reaching the mythical $100,000 figure seemed a lofty target as recently as a few months ago, as the asset spent months in a narrow range under $65,000. But the promise of swiftly changing U.S. regulations has revived the dream. That said, the route to 100k may need some pullback before reaching the Target, and this could be considered the last opportunity for the bulls to ride this wave. If we look at the daily chart, the trend remains bullish but BTC is approaching a major resistance area that could trigger a corrective structure on a lower time frame. It will be necessary to update this analysis when we have clear levels to follow. Thanks for your support!
Long
by TheAnonymousBanker
4
#BTC/USDT Analysis Update Bitcoin is consolidating within an ascending triangle, a classic bullish continuation pattern. BTC is respecting the ascending trendline as support. Horizontal resistance is forming around $93,000, acting as a breakout level. The price currently trades above the Ichimoku Cloud, indicating underlying bullish momentum. The cloud acts as dynamic support, reinforcing the possibility of an upside breakout. Decreasing volume during consolidation indicates preparation for a significant move. Watch for a volume spike on the breakout. The RSI is in a healthy range and is moving upwards. The MACD shows the possibility of a bullish cross, indicating upward momentum. Resistance Zone: $93,000 – $93,500 (Breakout Level) Support Trendline: $89,000 – $90,000 (Triangle Base) A close above $93,500 confirms the breakout. Possible Upside Targets: $95,000, $98,000, and $100,000. A drop below $89,000 could signal bearish momentum. Downside Targets: $87,000 and $85,000. BTC is building momentum and could break out of the triangle soon. A breakout above $93,000 with rising volume would confirm bullish dominance. Stay alert and prepare for confirmation! 🚀 Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
Long
by CryptoSanders9563
Bitcoin’s breakout above $73,000, target of $75,000 to $77,000Here's a technical analysis based on your Bitcoin (BTC/USD) chart: 1. **Current Price and Key Levels**: - **Current Price**: Bitcoin is trading around $72,595. - **Breakout Level**: The price recently broke through the $73,000 resistance level, indicating a strong upward momentum. - **Support Levels**: Key support levels are visible around $66,593 and $54,896. 2. **Trend Analysis**: - Bitcoin is in an uptrend channel, with higher highs and higher lows forming. - The breakout above the $73,000 resistance signals potential bullish continuation. 3. **Target Levels**: - **Short-term Target**: Based on the channel and breakout, the next target range is around $75,000 to $77,000 . 4. **Stochastic RSI**: - **Current Stochastic RSI Level**: The Stochastic RSI is around 67.25, showing that it is nearing the overbought zone. - If the Stochastic RSI enters the overbought zone, it may indicate a potential pullback or consolidation. 5. **Volume**: - The net volume is relatively low, suggesting that the breakout might need more volume support for a sustainable uptrend. Summary : Bitcoin’s breakout above $73,000 indicates bullish momentum with a possible target of $75,000 to $77,000 . However, watch for overbought signals in the Stochastic RSI, which may indicate a pullback. Maintaining support above $66,593 will be crucial for the bullish trend to continue.
BINANCE:BTCUSDLong
by Z4F4R
4
MICROSTRATEGY’S COMEBACK: HOW BITCOIN RESCUED A TECH GIANT Did you know? NASDAQ:MSTR was once the darling of the 90s tech boom, but spent TWO DECADES in decline after the bubble burst. 📉 That all changed when @saylor made the boldest bet in corporate history—he turned to Bitcoin. 💡 By selling equity, he fueled NASDAQ:MSTR 's massive BTC acquisition, and now? The stock has charged back towards its all-time highs after two decades. 📈 Critics called it reckless, but Saylor's vision was clear: Bitcoin would save the company. Now, he's vindicated—and MicroStrategy is thriving again This is the power of conviction and bold moves in the face of doubt. 😤💯 The future will be built on decentralized technology and there is nothing better than BTC & DOGE 🧡 🚀
NASDAQ:MSTRLong
by EgideSimba
Are Spot Bitcoin ETFs New Top Investment Choice for Investors? A Six-Week Streak of Strong Investor Demand Spot Bitcoin exchange-traded funds (ETFs) have continued their impressive performance, attracting substantial inflows over the past six weeks. The latest week saw an influx of $1.7 billion, further solidifying the growing institutional interest in Bitcoin. This consistent inflow has propelled the total net assets of spot Bitcoin ETFs to a staggering $95.4 billion, representing 5.27% of Bitcoin's current $1.8 trillion market capitalization. Decoupling from Traditional Markets A notable trend has emerged in recent times: Bitcoin's correlation with traditional assets like U.S. equities and Ether has weakened. This decoupling suggests that Bitcoin is increasingly viewed as an independent asset class, driven by its own unique fundamentals and market dynamics. As a result, Bitcoin's price action has become less reliant on broader market trends, allowing it to exhibit its own volatility and momentum. Crypto Market Reaches New All-Time High The cryptocurrency market as a whole has reached a new all-time high of $3.025 trillion, fueled by the continued adoption of Bitcoin and other digital assets. While Bitcoin has consolidated around the $92,000 level, the broader market has seen significant gains, with many altcoins experiencing substantial price increases. Factors Driving Bitcoin ETF Inflows Several factors are contributing to the strong demand for Bitcoin ETFs: 1. Institutional Adoption: A growing number of institutional investors, including hedge funds, pension funds, and corporations, are allocating a portion of their portfolios to Bitcoin. ETFs provide a convenient and regulated way for these institutions to gain exposure to Bitcoin. 2. Regulatory Clarity: Increasing regulatory clarity in major jurisdictions has boosted investor confidence. As governments and regulators around the world develop frameworks for cryptocurrencies, it has paved the way for institutional adoption. 3. Safe Haven Asset: Bitcoin is often viewed as a safe-haven asset, particularly during times of economic uncertainty or geopolitical tensions. Its limited supply and decentralized nature make it an attractive investment option for many investors. 4. Technological Advancements: Ongoing advancements in blockchain technology, such as scalability solutions and smart contract capabilities, are enhancing Bitcoin's utility and potential applications. The Future of Bitcoin ETFs The continued success of Bitcoin ETFs is likely to have a significant impact on the broader cryptocurrency market. As more ETFs launch and attract investment, it could further legitimize Bitcoin and other cryptocurrencies. Additionally, it could lead to increased price volatility and potentially higher valuations. However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors should conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
BITSTAMP:BTCUSDLong
by bryandowningqln
The Countdown to $107K: $BTC's Bullish Continuation Signal NearsA strong monthly signal on CRYPTOCAP:BTC is approaching, almost ready to trigger one of the most significant signals since the low in November 2023. This signal is a continuation of the current uptrend. If CRYPTOCAP:BTC reaches $85K before December, it will confirm the breakout from the current consolidation phase. From there, we could potentially see $107K and $188K by July 2025. Many haven’t noticed, but there’s hidden strength in the trimester bars as well. Overall, I don’t see anything bearish in the current momentum. $107K no longer seems like a distant target, but we still need to see higher highs on the monthly chart for further validation of the signal. There’s a small chance CRYPTOCAP:BTC could exceed $200K, but that would likely require the trimester signal to kick in from the $60K consolidation phase. While it's not my primary expectation, it's worth noting as a possibility. Also, prices below $60K seem unlikely at this point—at least not until this bull run is over. Don’t expect to see any dips below $70K during retracements (and even that would be generous). ------------- Previous post for reference:
BITSTAMP:BTCUSDLong
by ZelfTrade
BITCOIN ON ITS WAY TO A NEW ALL TIME HIGH! TA + TRADE PLANTechnical Analysis of Bitcoin (BTC/USDT) Price Action: The chart shows an ascending triangle pattern, which is typically a bullish continuation pattern. It suggests that Bitcoin is likely preparing for an upward breakout. The price has been respecting the support trendline (ascending) while testing the resistance level at around $91,700. There is strong upward momentum, confirmed by the price movement toward the resistance, with higher lows indicating growing buyer interest. Indicators: VMC Cipher B Divergences: The indicator shows a bullish divergence (green color), which often suggests that the price is likely to break above resistance, supported by buying momentum. RSI (Relative Strength Index): RSI is currently at 61.77, which is in the neutral zone (neither overbought nor oversold). This suggests that Bitcoin still has room for upward movement before becoming overbought. Stochastic Oscillator: The Stochastic is at 88.21, indicating a potential overbought condition, suggesting that while there may be an upward push, a pullback could follow soon if the price rises too quickly. HMA (Hull Moving Average): The HMA histograms show bullish momentum (green area), which indicates strong upward trends, though the shift to red on lower timeframes suggests caution for short-term corrections. Money Flow Index (MFI): MFI is showing a value of 51, indicating balanced buying and selling pressure. This suggests that while the market has potential for an upward move, it is still neutral in terms of volume and money flow. Volume Analysis: The volume profile shows a buildup of buying activity with the price consolidating near the resistance zone. Volume is steadily increasing, which is usually a positive sign for a breakout. There is lower volume in the consolidation area, which could indicate a breakout is imminent. Trading Plan Entry Strategy: Buy Position: If Bitcoin breaks above the resistance level at $92,212 with high volume, consider entering a long position. This breakout could push the price toward the next resistance at $95,000 or higher. Watch for confirmation with volume spikes and RSI maintaining below 70 to avoid entering when the market is overly extended. Target Price (Take Profit): The next immediate resistance levels to target are $95,000 and $102,500. Set partial take profit orders around these levels. A more aggressive target would be $105,000 (based on the breakout projection). Stop Loss: Place a stop loss below the support trendline or around $85,000 to mitigate risks in case of a false breakout or price reversal. For more conservative risk management, a tighter stop loss around $87,500 could be used if the breakout is confirmed with strong volume. Risk Management: Use proper risk management, aiming to risk no more than 1-2% of your portfolio on each trade. Watch for volatility and unexpected moves, especially considering the high stochastic reading, which might indicate a short-term overbought condition. Alternative Scenario (If Breakout Fails): If the price fails to break above resistance and falls back into the consolidation zone, consider a short position only if the price breaches the support line. Watch for bearish divergence in the indicators (such as RSI or MFI) for confirmation of a potential downtrend. This plan provides a clear strategy for trading Bitcoin, balancing potential profits with careful risk management. Stay alert for market updates, and adjust your strategy accordingly if significant changes occur.
Long
by elfabiiani
1
BCH Parabolic Incoming?it seems BCH is poised for a parabolic rise, Technical analysis is saying so, fundamental reasons is there as well as a big update to the core has been commited over the past days, you can read about it here: u.today based on the news it now rivals ETH! "This upgrade fully utilizes Bitcoin Cash's fundamentally more scalable architecture to provide math capabilities that surpass those of Ethereum such as "bare metal" performance, more byte-efficient and cheaper transactions" let's see how this unfolds.
COINBASE:BCHUSDLong
by TheRealJohnConnor
Bitcoin Long Prediction: ICT Market Maker Model Points to $145KUsing the ICT Market Maker Model, Bitcoin appears to be progressing through its third phase—expansion—after respecting the consolidation phase. The chart clearly marks three distinct zones: -Red: Key reversal zones where price reacts sharply, potentially indicating trend changes. -Light Green: Consolidation zones, where the price accumulates before a breakout or breakdown. -Purple: Expansion zones, showcasing the directional move away from the consolidation phase. Currently, Bitcoin has moved into the expansion phase and is showing bullish momentum. If this model continues to play out, the next key target lies around the $145,000 level, aligning with the expansion phase projection and targeting all-time high buy-side liquidity levels. Always validate with high-timeframe confluences and ensure proper risk management while trading.
COINBASE:BTCUSDLong
by INSIDER_INTEL
ADA Surges Amid Rumors of Hoskinson-Trump PartnershipIn his latest YouTube live stream, Charles Hoskinson, the founder of Cardano, announced plans to establish an office dedicated to engaging with government authorities, strengthening Cardano’s strategic position in the global regulatory landscape. This initiative underscores Cardano's commitment to aligning with market trends and regulatory requirements, positioning the ecosystem for greater institutional adoption. Hoskinson revealed that his team is in contact with key political and regulatory figures, indicating that Cardano is strategically poised to benefit from regulatory advancements and new opportunities in the global cryptocurrency market. This move aims to ensure that the blockchain remains not only competitive but also a leader in compliance and innovation. With this enhanced focus on regulation and the network's ongoing technological advancements, such as the growth of its DeFi ecosystem and increasing interoperability, ADA has a realistic potential to reach $8 in the near future. Analysts highlight that, supported by Cardano’s solid fundamentals and strong community backing, the project is well-positioned for substantial growth, especially in a more defined regulatory environment. This new phase cements Cardano as one of the top contenders in the crypto market, offering significant opportunities for investors looking to capitalize on its upward trajectory. BINANCE:SOLUSDT COINBASE:BTCUSD BINANCE:BTCUSD
Long
by SophiaAnderson
1
HAL Swing trading Setup - Descending TriangleChart Analysis: 1. Descending Triangle Pattern: • The chart shows a descending triangle with lower highs (LHs) forming resistance and a horizontal support zone. This pattern typically indicates a bearish continuation, though an upside breakout can happen. • The trendline resistance appears well-respected, with a downtrend line pushing prices lower. 2. Resistance Levels: • There is a resistance zone marked above current price levels. • Resistance 1 and the trendline serve as a major area where a potential pullback could be seen. 3. Support Levels: • A clear horizontal support level is visible, which has been tested multiple times, increasing the significance of a potential breakdown. 4. RSI Indicator: • The RSI shows a downward trend but does not appear to be in oversold territory yet. This implies room for further downward movement but also warrants watching for a potential reversal signal. Swing Trade Setup: 1. Bearish Scenario (Preferred based on the chart): • Entry: Consider entering a short position if the price closes below the marked support zone with strong volume. • Stop Loss: Place a stop loss above the descending trendline resistance to mitigate risk in case of a reversal or fake breakdown. • Target 1: Use the measured move from the widest part of the triangle to estimate the potential target level for the downside move, aiming for key support levels below (e.g., 3,200-3,000). • Target 2: If momentum is strong, trailing stops can help capture more of the move downwards. 2.Bullish Reversal Scenario: • Entry: If the price breaks above the descending trendline with strong volume and closes in the resistance zone, it may invalidate the bearish pattern, indicating potential bullish momentum. • Stop Loss: Set a stop loss below the breakout candle’s low to avoid potential false breakouts. • Target 1: Aim for key resistance levels above, including previous swing highs. • Target 2: Monitor RSI and volume for signs of overbought conditions. Risk Management: • Position Sizing: Ensure your position size aligns with your risk tolerance, ideally risking no more than 1-2% of your account balance per trade. • Monitoring Volume: Increased volume on breakdown or breakout moves strengthens conviction in the trade direction. • Adapting to Market Conditions: Be prepared to switch to the bullish scenario if the market sentiment shifts unexpectedly. Caution: • False breakdowns are possible, especially if volume is low or market sentiment shifts rapidly. • Keep an eye on broader market trends and sector performance for additional cues on stock direction. Disclaimer : This analysis is for informational purposes only and does not constitute financial advice or an investment recommendation. Trading in financial markets involves substantial risk, and you should be aware of your risk tolerance and investment objectives. Past performance is not indicative of future results. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. The author of this analysis is not responsible for any financial losses you may incur based on the information provided.
NSE:HAL
by tintinhawk
Is Bitcoin's Bullish Momentum Sustainable? A Detailed AnalysisBitcoin, the world's largest cryptocurrency, has been on a tear recently, with prices surging to levels not seen in years. This article delves into the key factors driving this bullish momentum and explores the potential implications for the cryptocurrency market's future. The Bull Flag Formation: A Technical Analysis Perspective A key technical indicator that has caught the attention of analysts is the formation of a bull flag pattern on Bitcoin's price chart. This pattern is characterized by a sharp upward move, followed by a period of consolidation within a descending trendline. Once the price breaks out of this flag, it often leads to a significant upward move. First Mover Americas highlighted Bitcoin's flirtation with the $90,000 level, emphasizing the volatility of the market. Such price swings are common in cryptocurrencies, particularly during periods of high momentum. The Role of Retail Investors While institutional investors have been a major force in the crypto market, retail investors, often referred to as "shrimps," have also played a crucial role in driving Bitcoin's recent rally. These shrimps have been actively accumulating Bitcoin, even as whales have been offloading their holdings. This suggests that retail investors are increasingly confident in Bitcoin's long-term potential. Overheating or Sustainable Growth? A common concern among investors is whether Bitcoin's rapid price appreciation is sustainable or if it is a bubble that is about to burst. Key metrics like the Hash Ribbons Indicator can provide valuable insights into the health of the Bitcoin network. The indicator, which tracks Bitcoin's hash rate's long-term and short-term moving averages, has recently crossed over, signaling strong miner confidence. This bullish crossover has historically been followed by significant price increases. Furthermore, Bitcoin's Weekly RSI (Relative Strength Index) has entered the overbought zone, indicating that the asset may be overvalued in the short term. However, the last time the RSI reached this level, Bitcoin surged by over 80%. It's important to note that technical indicators should be used in conjunction with fundamental analysis to make informed investment decisions. The Impact of Increased Trading Volume The surge in Bitcoin's price has been accompanied by a significant increase in trading volume. This increased activity, driven primarily by retail demand, has further fueled the rally. As more and more investors flock to the cryptocurrency market, the demand for Bitcoin is likely to continue to grow. Conclusion Bitcoin's recent bull run has been fueled by a combination of technical factors, strong investor sentiment, and increased retail demand. While the cryptocurrency market is inherently volatile, the underlying fundamentals of Bitcoin remain strong. As the network matures and adoption grows, Bitcoin's long-term prospects appear promising. However, it's essential to approach cryptocurrency investments with caution. Investors should conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
BITSTAMP:BTCUSD
by bryandowningqln
Bitcoin | In Satoshi V Trust Gentlemen welcome to BULL MARKET The price of Bitcoin is $28,280 today with a 24hour trading volume of 45 billion dollars This represents a 4% price increase in the last 24 hours and a 40% price increase in the past 7 days When iconic US investment bank Lehman Brothers Holdings Inc. filed for bankruptcy in 2008, it shook people’s faith in banks so much that a new class of asset, which did not have the backing of any formal bank, came into being. Bitcoin, the most popular cryptocurrency, first found a mention in November 2008, about two months after the Lehman crisis. A decade later, cryptocurrencies have become one of the most debated financial assets, globally and in India, in terms of risk and returns. now in 2023 Banks fails even bigger and bitcoin is here to shine Right now all big companies including Amazon, Microsoft, BlackRock, BridgeWater ... got an eye on crypto and buying the dip while the old banking system shows its flaws all indicators sending bullish signal and be ready for 28500, 28700 and 28900$
Long
by moonypto
12
Bitcoin on the Path to Unprecedented Success. Trade plan!Technical Analysis for Bitcoin (BTC/USD) Chart Observations Falling Wedge Pattern: A bullish reversal pattern is forming, indicating potential upward momentum if the price breaks above the resistance trendline. Breakout scenarios typically target the previous high or a significant resistance level. Support and Resistance Zones: Resistance Zone: Around $91,000-$92,000, visible as the upper orange zone. Support Zone: Around $78,000-$79,000, visible as the lower orange zone. Indicators: RSI (Relative Strength Index): Currently at 38.08, showing oversold conditions and a potential for upward momentum. Stochastic Oscillator: Indicates bullish divergence with oversold conditions, suggesting a potential upward price movement. HMA (Hull Moving Average): Neutral to slightly bullish, sitting at 53.63. Money Flow Index (MFI): Showing outflows (red), indicating possible selling pressure. Volume: Relatively low, suggesting a lack of conviction in either direction. A breakout accompanied by high volume will confirm the next major move. Divergences: Visible bullish divergences on the VMC Cipher B suggest a potential reversal if the falling wedge resistance is broken. Trading Plan Scenario 1: Bullish Breakout Trigger: Break and close above the falling wedge resistance with strong volume confirmation. Entry: Place a long position at $86,500-$87,000. Targets: First Target: $90,000 (conservative). Second Target: $92,000 (major resistance zone). Stop Loss: Below the wedge breakout level at $84,500. Risk-Reward Ratio: Aim for 3:1. Scenario 2: Bearish Breakdown Trigger: Break and close below the wedge support with strong volume. Entry: Place a short position at $84,000-$83,500. Targets: First Target: $80,000 (conservative). Second Target: $78,000 (lower support zone). Stop Loss: Above the wedge support at $86,000. Risk-Reward Ratio: Aim for 3:1. Risk Management Allocate 1-2% of your portfolio per trade. Monitor key levels and indicators, particularly volume spikes, RSI, and stochastic trends. Keep an eye on macro news and Bitcoin-related announcements that could influence market sentiment. If the price remains range-bound within the wedge, avoid over-trading and wait for a breakout confirmation. Ensure all trades are backed by stop-loss orders to manage potential losses effectively.
BINANCE:BTCUSD
by elfabiiani
BITCOIN / BTCUSDT Bullish Long Trade Target $129,582!!The Bitcoin (BTC) weekly chart highlights a robust long trade setup identified using the Risological Indicator. With Target 1 (TP1 at $79,726.4) successfully achieved, the cryptocurrency is positioned for further upward momentum towards its ambitious targets. BITCOIN / BTCUSDT Key Technical Insights: Entry Point: Entry triggered at $67,957.6, following confirmation from bullish signals and the Risological trendline support. Massive Target Zone : The remaining targets at TP2 ($98,769.9), TP3 ($117,813.4), and TP4 ($129,582.3) suggest substantial upside potential driven by strong market sentiment and technical alignment. Stop-Loss Protection: Risk management is secured with the stop-loss set at $58,435.8, ensuring minimized downside exposure. Momentum Drivers: Technical Resilience: The upward trajectory is supported by a confluence of the Risological Lines acting as a dynamic guide. Market Sentiment: Bitcoin continues to display impressive resilience amidst broader market uncertainty, reinforcing its appeal as a strong bullish candidate. Conclusion: Bitcoin's ongoing bullish breakout underscores its potential to reach the higher target zones. Traders leveraging this trade setup stand to benefit significantly from the well-structured risk-reward balance. Keep monitoring for momentum accelerations towards TP2 and beyond!
Long
by ProfitsNinja
It was a double-top system forcing price down. Bitcoin powers on It looked a bit gloomy yesterday Tuesday for Bitcoin, but really all that occurred was Bitcoin wound up in a couple of double tops, if you call that price weakness, I don't think so they happen so frequently and there are traders who only trade double-tops, double-bottoms - the tradable patterns they form are called M-Tops and W-Bottoms. BTCUSD is cruising as not a lot buying but it looks like buyers would move in once it crosses past the Top3 on the 15m. Here are some pictures: 30m chart below & VWAP bands.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading