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Bitcoin on the Verge of Breaking Through $7200 Barrier!I am thrilled to share some exciting news with you all - Bitcoin is on the brink of breaking through the $7200 resistance level! This is a significant milestone for the cryptocurrency market and could potentially signal a major bullish trend for Bitcoin. As we all know, Bitcoin has been trading in a wide range for the past few weeks, but recent price action suggests that a breakout is imminent. If Bitcoin manages to break through the $7200 resistance level, we could see a sharp rally towards higher price levels. I urge you to keep a close eye on the price action and consider going long on Bitcoin if it successfully breaks through the resistance. This could be a great opportunity to capitalize on a potential uptrend and maximize your profits. Don't miss out on this exciting opportunity to potentially profit from Bitcoin's price movement. Stay vigilant and be ready to act when the time is right.
BITSTAMP:BTCUSD
by bryandowningqln
1
Bitcpin 690k Ladies and gentlemen, esteemed investors and enthusiasts, today we stand on the cusp of a historic moment in the evolution of finance. Bitcoin, the revolutionary digital currency, has surged to unprecedented heights, with the potential to soar to a new all-time high of $690,000 per coin. But let us not merely marvel at the numbers; let us grasp the profound significance of this moment. Bitcoin is not just a currency; it is a beacon of hope, a symbol of empowerment, and a catalyst for change. As we witness Bitcoin's ascent to new heights, we are witnessing the dawn of a new era in finance. Gone are the days of centralized control and manipulation; here to stay is a decentralized, borderless currency that transcends the limitations of traditional monetary systems. At $690,000 per coin, Bitcoin represents more than just monetary value; it represents the culmination of years of innovation, resilience, and unwavering belief in the power of decentralized technology. It is a testament to the ingenuity of the human spirit and the potential for positive transformation in our world. But let us not become complacent in our celebration. With great power comes great responsibility. As Bitcoin continues to rise, we must remain vigilant, ensuring that its benefits are accessible to all and that its potential for positive change is realized. Let us seize this moment to educate, to empower, and to inspire. Let us harness the power of Bitcoin to create a more inclusive and equitable world, where financial freedom is not just a privilege but a fundamental human right. So, my friends, as we stand on the brink of this historic milestone, let us embrace the potential of Bitcoin with open arms and open minds. Let us dare to dream of a future where financial sovereignty is within reach of every individual, where barriers are broken down, and where opportunities abound. The journey ahead may be filled with challenges, but with Bitcoin as our guiding light, we can navigate the uncharted waters of the future with confidence and conviction. Together, let us embark on this journey towards a brighter tomorrow, where the potential of Bitcoin knows no bounds, and where the promise of a more prosperous and equitable world becomes a reality for all.
BITSTAMP:BTCUSDLong
by TrojanBible
Bitcoin Surges Towards All-Time High: Halving Hype Sparks Frenzy With Bitcoin reclaiming the $70,000 milestone and the halving looming, the cryptocurrency market is abuzz with anticipation and speculation. In a dramatic turn of events, Bitcoin ( CRYPTOCAP:BTC ) has stormed back above the $70,000 mark, reigniting investor excitement and propelling the cryptocurrency towards its all-time high. With the highly anticipated halving just 25 days away, Bitcoin's resurgence signals a renewed fervor in the crypto community, despite recent setbacks and volatility. After a week-long downturn, Bitcoin's price has surged by 9% in the last 24 hours, reaching $70,561 according to CoinGecko. This resurgence comes on the heels of a tumultuous period marked by ETF outflows, exchange flash crashes, and inflation concerns, underscoring the resilience of the digital asset amidst market turbulence. The impending Bitcoin ( CRYPTOCAP:BTC ) halving, an event occurring approximately every four years, has captured the imagination of speculators, who anticipate a potential doubling or quadrupling of Bitcoin's price post-halving. This optimism has been fueled by the recent approval of spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC), signaling growing institutional interest and legitimizing Bitcoin as a mainstream asset. John O’Loghlen, Coinbase Asia-Pacific Managing Director, attributes Bitcoin's recent surge to the influx of new demand catalyzed by the spot ETFs announcement. However, amidst the euphoria, experts caution against excessive exuberance, urging investors to exercise prudence and consider the historical performance of Bitcoin post-halving. "While the sentiment around Bitcoin ( CRYPTOCAP:BTC ) remains bullish, experts advise caution, especially if looking at past halving performance," warns O’Loghlen. Indeed, past performance is not always indicative of future success, and investors must remain vigilant amidst market speculation. Nevertheless, Bitcoin's ascent has sparked a broader rally in the crypto market, with Ethereum surging nearly 9% to $3,630 and Solana climbing almost 13% to over $194. This synchronized uptrend underscores the growing optimism and momentum within the cryptocurrency ecosystem, as investors flock to capitalize on the potential upside. As Bitcoin ( CRYPTOCAP:BTC ) inches closer to its all-time high, the stage is set for a pivotal moment in the cryptocurrency market. With the halving looming on the horizon and institutional adoption on the rise, the future of Bitcoin hangs in the balance, poised on the brink of unprecedented growth or a potential correction. In this dynamic landscape, one thing is certain: the journey towards Bitcoin's all-time high is laden with excitement, uncertainty, and opportunity, beckoning both seasoned investors and newcomers alike to join the thrilling ride of digital asset investment.
BINANCE:BTCUSDLong
by DEXWireNews
BTCUSD :Unveiling a Trading Strategy Yielding Up to 714 Pipsstrategic analysis and keen observation of market trends are paramount for success. A critical aspect of this is identifying key support and resistance zones where significant market activity is expected to occur. In the case of BTCUSDT, the main support area, buy zone, and supply area lie within the range of 60800 to 61700. Within this range, both whales and investors are poised, awaiting the opportune moment for a rally that could potentially yield up to 714 pips. At the lower end of this range, around 60800, lies a crucial support level where buying pressure historically tends to increase. This level represents a point at which market participants perceive Bitcoin as undervalued, prompting increased buying activity as investors seek to capitalize on potential price appreciation. Conversely, the upper end of the range, approximately 61700, acts as a supply area where selling pressure typically intensifies. Here, traders who entered positions at lower levels may choose to take profits, leading to a temporary stall or reversal in price momentum. The convergence of these support and resistance zones creates a dynamic environment where market sentiment can quickly shift. Observing price action within this range provides valuable insights into the balance of supply and demand forces at play. Traders closely monitor factors such as trading volume, order flow, and price volatility to gauge the strength of prevailing market trends and anticipate potential breakout or reversal opportunities. For whales and institutional investors, this range represents an attractive accumulation zone where significant liquidity is concentrated. These market participants often possess substantial capital and strategic insight, enabling them to influence price movements through large buy or sell orders. As such, their presence within the 60800 to 61700 range signals a consensus belief in Bitcoin's long-term value proposition, further bolstering confidence among retail traders. The anticipated rally of up to 714 pips hinges on the successful navigation of this critical range. A breakout above 61700 could trigger a surge in buying activity as resistance levels are breached, paving the way for further upside potential. Conversely, a breakdown below 60800 may signal weakness in bullish momentum, potentially leading to a retest of lower support levels. In conclusion, the main support area, buy zone, and supply area of 60800 to 61700 serve as focal points for market participants seeking to capitalize on Bitcoin's price movements. By carefully analyzing price dynamics within this range and monitoring the actions of whales and institutional investors, traders can position themselves to capitalize on potential rally opportunities while managing risk effectively.
BITSTAMP:BTCUSDLong
by MOAZAM1133
Bitcoin's Profitability Surge and the Inevitable PullbackBitcoin experienced a significant drop this week, with prices dropping as low as $63k at the time of writing. This idea brings some perspective to the situation. The chart contains the percentage of CRYPTOCAP:BTC holders in profit over time. The red boxes highlight prolonged periods where a vast majority of Bitcoin holders are in profit. These periods are often indicative of market tops or extended periods of price growth, where even those who bought in at higher prices during the beginning of a bull run have seen the value of their holdings increase. Two specific periods are highlighted with red boxes. The first box indicates a 62-week period, while the second box spans 33 weeks. These durations are substantial, which shows that Bitcoin typically experiences prolonged periods of profitability for a majority of holders during significant bull runs. The most recent period encapsulated in the last red box, wherein CRYPTOCAP:BTC currently resides, extends over 17 weeks. This presents us with two key insights: The current phase is relatively brief compared to past bull market durations, suggesting that there may be additional room for CRYPTOCAP:BTC 's growth. The trajectory of price appreciation and the rising percentage of profitable holders have been steep and relatively free of significant downturns. Considering these observations, the present market movement may well be a healthy correction within an overarching bullish context, perhaps a recalibration that the market needed. In conclusion, while Bitcoin's price has retracted, the historical data indicates that we may still be within the early to mid-stages of a bullish cycle, with the potential for continued growth following this period of consolidation.
B
by IntoTheBlock
Bitcoin's 486 days marathon after halving to reach the 150,000 !The Basics of Bitcoin's Analysis As we approach the anticipated fourth Bitcoin halving on April 15th, 2024, the mining of Bitcoin’s 19,656,962nd coin is a testament to the network’s enduring strength, bringing the circulating supply to 90% of the total. The ‘rainbow chart’ remains a popular model for visualizing Bitcoin’s logarithmic growth and its cyclical price patterns. The halving events, pivotal in Bitcoin’s economic model, systematically reduce the block reward, thereby constraining the new supply of Bitcoin. The current reward stands at 6.25 BTC per block, which will decrease to 3.125 BTC post the fourth halving. This deflationary mechanism has historically triggered bullish market sentiments as the reduced flow of new coins amplifies scarcity. Analyzing the cycles between halvings, a clear pattern emerges: the initial 70,000 blocks post-halving often usher in a bullish phase, succeeded by a bearish phase up to the 140,000th block, and culminating in a sideways market until the next halving at the 210,000th block. Bitcoin’s market dominance is also subject to cyclical fluctuations. Since 2016, its dominance has dipped below 40% during bearish phases and soared to around 70% during bullish periods, significantly influencing the broader cryptocurrency market. The average drawdown observed between halvings is approximately 80%. Currently, in the sideways phase of the third cycle, projections based on the intersection of the 210,000th block and the lower logarithmic regression boundary suggest a valuation of $30,000 per Bitcoin. The forthcoming era could witness a peak of $150,000, with an 80% drawdown positioning the potential low at $55,000 during the bearish phase, commencing 486 days after the halving. Where are we Today? Recent market analyses align with these projections, indicating a minor retracement a month after the 2024 halving, followed by a significant rally to new heights. Analysts advise caution as the market nears the halving event, with some predicting a pre-halving sell-off. Despite short-term volatility, the long-term outlook for Bitcoin remains bullish, with predictions of a new all-time high price in each 4-year period between Halving dates. The only indicator to consider: The MVRV Ratio and Z-score The MVRV ratio was created by Murad Mahmudov & David Puell hot on the heals of the invention of the Realized Cap concept by the Coinmetrics team of Nic Carter and Antoine Le Calvez. Realized Cap is an alternative approach to Market Cap as a measure of network valuation. Rather than using the last traded price and multiplying by the coins in circulation as seen in Market Cap, Realized Cap approximates the value paid for all coins in existence by summing the market value of coins at the time they last moved on the blockchain. MVRV is simply the ratio comparing the two, i.e. MVRV = Market Cap / Realized Cap. It’s useful for getting a sense of when the exchange traded price is below “fair value” and is also quite useful for spotting market tops and bottoms (Source: Coinmetrics.com). The MVRV ratio is calculated by dividing the total bitcoin market value (MV) by its realized value (RV). Therefore, the metric represents the extent in which the current bitcoin market valuation is overextended beyond (values >1) or actually at a discount (values <1) compared to the holders’ aggregated cost base. From the MVRV ratio we obtain the MVRV z-score, which first calculates the difference between the total bitcoin market value and its realized value, and then divides that by the standard deviation of the market valuation — a common statistical procedure called “standardization.” The MVRV z-scores, therefore, represent the number of standard deviations that each bitcoin market valuation is increased or decreased against its realized value (Remember z-score >1 means overextended and z-score <1 discount) What do indicators say? We are currently at the dusk of the 3rd halving era which occurred on May 11th 2020, more precisely the END of the sideways phase. The MVRV ratio is at 2.24 giving sights of a Fair Value. Historically, Values over '3.7' indicated price top and values below '1' indicated price bottom.(Source: CryptoQuant) (It is crucial to note that these insights are for educational purposes and should not be considered financial advice. The cryptocurrency market is inherently volatile, and while historical data can provide guidance, it does not guarantee future performance).
BITSTAMP:BTCUSDLong
by Theperfectionist
1
Bubble theory 🫧 BTC minersThere are two type of bubbles and they burst for different reasons? A bubble is when too many people hold something and what has driven prices up, now as a force works against them. There's a saying. Buy things when everyone is a skeptic. Sell when a taxi driver starts talking about investing. There are no more buyers left on top. First bubble is when volume dries up as the price hits extremes. Second is when peoples attitudes or sentiment, or opinions change to bearish. And that can happen over night, like a switch. It's interesting and finance is a social science. Some bubbles can burst due to external events, like start of wars or some financial crisis. There can be strong bull markets and most of times, these external events would just be noise? > Was btc miners in bubble? And what type of bubble? I think Yes and No? Whenever there's a risk free trade, supported by factors a bubble emerges? The price of Mara was rallying hard, trend was strong. You could argue people got over optimistic, knowing the ETF decision was a risk event. -> therefor (the burst) was sentiment driven. But also predictable? Bubble is when too many people hold asset and there re no buyers left. Similar how a taxi driver is hype about investing. Technical analysis gives you perspective and context. In 1st instance, impulse was too high and volume indicates crowding? It's tricky because it looks so bullish. In 2nd instance, impulse was too low. Price action looked bullish? bubbles happen when too many people hold the shares and expect them to rise. If 1st instance was sentiment switch driven, then 2nd time, the bubble must burst due to exhaustion (or no people left to buy... at these prices.. similar how taxi driver hops in the trade at the wrong time). Factors and thesis can be bullish - and bubble still bursts. Is NVDA and SMCI a bubble? I think there is difference between NVDA, SMCI investors and their time horizon? It could be. I think people believe their investment is supported by the tech drivers. Every dip should be bought out by smart investors and these are the best assets to own in next 5-10 years. It doesnt mean there cant be external events and risks. again- bubble is when too many people are in investment. So bubble can burst either by them changing their sentiment or beliefs (maybe fundamentals must change?). Or if price is just so ridiculously high or there is no money left at sidelines, that trend can't be sustainable. When markets rally - everyone only reads good news and ignores bad news. And vice versa. #HowardMarks #MarketCycle ---> The Risk-Reward buying at these tops just isn't great. That's why they burst. Accompanied by sentiment risks, that hide behind the hood.
NASDAQ:MARAEducation
by citsvar
2
Will Bitcoin Continue Its Pullback?Bitcoin (BTC) has experienced a remarkable surge since the speculation surrounding a potential Federal Reserve interest rate cut emerged. Recently, BTC hit an all-time high, reflecting the fervor in the market. However, it's essential to note that assets witnessing substantial increases often require a pullback or correction. Analyzing the daily timeframe from March 4th to March 13th, 2024, reveals indications of a bearish divergence pattern, suggesting an impending pullback. This anticipation materialized on March 14th and 15th, 2024, with BTC dropping from its all-time high of 73794 to 68166 at the time of writing, marking a decline of over 7% in just two days. Assessment of Fed Rate Cut Possibility: Despite the potential for a Federal Reserve rate cut should inflation continue to decline, the likelihood remains slim. Data from the Fed Watch Tools indicate a 99.0% probability of the Fed maintaining an unchanged interest rate during the March FOMC meeting. This prediction also aligns with the fact that the Fed's emphasis on reducing the Core PCE Price Index to its target of 2% year-on-year, while it currently stands at 2.8%. Technical Analysis and Implications: In addition to the factors mentioned, a technical analysis reveals that Bitcoin's prolonged rally since early February is poised for a significant pullback. The stochastic indicator clearly shows a lower high while the price sets a higher high, indicating a weakening trend. The observed bearish divergence in the daily timeframe signals a potential reversal in the upward momentum. This corrective movement aligns with market dynamics and the absence of strong indications for a Fed rate cut. Therefore, traders and investors in the BTC market should exercise caution and anticipate increased volatility as the asset undergoes a corrective phase. Conclusion: The recent surge in Bitcoin's value amidst speculation surrounding a potential Federal Reserve rate cut has been remarkable. However, technical analysis suggests a high likelihood of a substantial pullback, as evidenced by the observed bearish divergence pattern and the weakening trend indicated by the stochastic indicator. Given the low probability of a rate cut by the Federal Reserve in the upcoming meeting, market participants should brace themselves for increased volatility and potential corrections in the Bitcoin market.
BITSTAMP:BTCUSD
by fardycurry
BTC: Bull RunBitcoin's recent foray into testing the formidable monthly high of 69044.50, briefly surging to touch 7000 before retracing, underscores a pivotal juncture in its trajectory. Bolstered by compelling bullish signals across both monthly and daily timeframes, the cryptocurrency landscape brims with anticipation. Foreseeably, Bitcoin appears poised to decisively reclaim and solidify its position above the critical 69044.50 threshold on the daily chart. This pivotal move is anticipated to ignite a formidable rally, propelling Bitcoin towards the unprecedented milestone of 111855.90, poised to etch a historic zenith in its valuation trajectory.
CRYPTO:BTCUSDLong
by Youngking22
BTC time for the stop loss hunting to start.Can you hold for potentially 10years before seeing a return to these prices? Do you think the game is to make you rich?? GTFO The creators of it might be being held from us. I like the concept BUT it's a little main stream nowadays. Crypto was cool AF back when I was buying BNB at $7... Held that for over 4 years to see a return = $285 - $390 & I sold early lolz. Anyways I'll still swing trade some crypto here and there but I am basically out. Hope you all become rich and not sad from it. PEACE BE WITH YOU ALL!! NOT FINANCIAL ADVICE!!!
COINBASE:BTCUSD
by Polarbearman
4