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SEC's Jan 10th BTC ETF deadline ("buy the rumor, sell the news")The adage "buy the rumor and sell the news" might apply to Bitcoin with BlackRock and Fidelity’s potential Bitcoin ETF approval on the horizon. In the event that the SEC denies the ETFs, market participants might eye downside targets below $41,500 and $41,250 if we get a wild swing to the downside. Conversely, approval from the SEC may pave the way for an immediate targets of $48,250 and $48,700, with a sustained bullish sentiment propelling trading into the 50-55K zone. However, lingering questions persist about the market's reaction, raising the possibility of countering recent optimism and lending credence to the "sell the news" adage. Bloomberg reports suggest that approval for Bitcoin Spot ETFs could materialize as early as this week, with the SEC's decision deadline set for January 10. Insiders speculate that the regulator might leverage this deadline to announce decisions on nearly a dozen Spot Bitcoin ETF applications simultaneously, including those by BlackRock and Fidelity.
BLACKBULL:BTCUSD
by BlackBull_Markets
🚀 #Bitcoin ETF Roadmap, $54k by January End??🚀 Our last 3 Roadmap charts have been spot-on and quite viral too, Thanks for your support so far! Let's get back to the chart! Analyzing the current market conditions, We're still on track to reach the top of the 5th wave, expected to be in the $47,000 to $54,000 range. Following that, we anticipate an ABC correction. This upcoming move will essentially confirm the accuracy of our Elliott Wave Theory, which has accurately predicted each wave precisely over the past two months. Other technical rationale behind this projection: 1. Fractals: Examination of fractal patterns on the charts reveals similar PA during the last 5 months before the halving! (Charts will be posted soon) 2. Multiple Indicators: Various technical indicators align, emphasizing the bullish sentiment including much anticipated ETF News! 3. Elliot Wave Theory: So far every single wave has been on track, the 5th wave will complete our 2-month-long EW Wave. Anticipate this movement within the coming week, but it's crucial to remain prepared for potential market shifts. Invalidation point: A close below $41,200 could signal a deviation from the anticipated trend. If you find this chart useful, please consider giving it a thumbs up and sharing it. Feel free to bookmark it to stay informed about any market shifts. DYOR, NFA Thank you PEACE
BINANCE:BTCUSDLong
by Cryptorphic
1
Dangerously bullish setup for BitcoinBack on October 23 we posted a long trade idea for Bitcoin titled: Bitcoin attempting to break over a significant long-term level where we outlined the bull case for a breakout over 32K to bring more momentum and higher targets for the King of cryptocurrencies. Here we are 2 months later with prices up 9 out of the last 10 weeks and Bitcoin has entered into a sideways consolidation through time, rather than any meaningful correction in price all while the market awaits two bullish catalysts: a spot ETF approval and the halvening. A breakout up and over 45K starts to put former all-time high targets into traders minds and likely arrives at a fast clip. (disclosure: long).
COINBASE:BTCUSDLong
by EvanMedeiros
BTC 1D, 3D & 7D Forecast - Blend of ☁️ and ☀️Over the next 24 hours, we're seeing some clouds ☁️ hovering over Bitcoin, suggesting a potential downturn. However, looking ahead to the next 3 days, a brief rebound is on the horizon—picture a cool breeze after a storm. Fast forward 7 days, and we're back in the forecast with a blend of clouds ☁️ and sun ☀️. This signals that the downside might linger, but don't expect a dramatic drop in price from these current levels. It's a crypto climate with twists and turns, but the Bitcoin landscape stays interesting! Follow us for more crypto weather reports!
BITSTAMP:BTCUSD
by ATTMO
3
Exciting times for Bitcoin as it hits the April 2023 high!Exciting times for Bitcoin as it hits the April 2023 high! While the momentum is strong and there's potential for further growth, it's wise to stay vigilant. A correction could be on the horizon amidst this bullish wave. Stay informed and be prepared for possible shifts in the market. Did you find this crypto market analysis helpful? Stay updated about the latest crypto market update. Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you. TradingView: @FarmanBangashh
CRYPTO:BTCUSDLong
by frmnCapital
BTC / USDT Market UpdatesMarkets approach the $47,000 - $48,000 mark 💕 Expecting a potential rejection and subsequent pullback into Q1 of the upcoming year✍ I'll be closely monitoring for a three to four-wave downward pattern 👀 Once identified, I'll promptly share my strategy for re-entry into Bitcoin 🤞 Or Market will drop to $19000 to $21,000 region which is CME gap 👍 Stay tuned for updates on my re-entry points and strategy for navigating Bitcoin's movements. 📈 Did you find this crypto market analysis helpful? Stay updated about the latest crypto market update. Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you. TradingView: @FarmanBangashh
COINBASE:BTCUSDShort
by frmnCapital
Bitcoin (BTC) Could Reach a Death Cross SoonThere is a deep concern regarding the current state of Bitcoin (BTC) and its potential impending death cross. As someone who genuinely cares about your trading success and financial well-being, I strongly urge you to pause your BTC trading activities and carefully consider the risks involved. For those unfamiliar with the term, a death cross occurs when the short-term moving average of an asset, typically the 50-day moving average, crosses below its long-term moving average, usually the 200-day moving average. This technical indicator is often regarded as a bearish signal, indicating a potential downward trend for the asset. Recent market analysis and indicators strongly suggest that Bitcoin is on the brink of experiencing this ominous death cross. Such a development could have significant implications for the cryptocurrency market as a whole, potentially leading to a prolonged period of downward price movement and heightened volatility. While it is true that the cryptocurrency market is inherently volatile, a death cross has historically been associated with extended bearish periods. It is crucial to exercise caution and consider the potential consequences before making any further BTC trades. The last thing any trader wants is to be caught on the wrong side of a significant market downturn. In times like these, it is crucial to prioritize the preservation of capital and adopt a defensive trading strategy. Instead of actively trading BTC, I encourage you to consider taking a step back, reassess your portfolio, and perhaps explore alternative investment opportunities until the market stabilizes. This temporary pause will not only protect your hard-earned capital but also provide you with an opportunity to evaluate the situation from a broader perspective. Remember, the cryptocurrency market is highly dynamic and subject to rapid changes. It is always wise to approach trading decisions with a level-headed mindset and seek advice from trusted sources. I strongly recommend consulting with a financial advisor or conducting thorough research before making any significant trading moves. Your financial well-being is of utmost importance to me, and I genuinely believe that taking a cautious approach during this potentially critical period is the wisest course of action. By pausing your BTC trading activities and focusing on preserving your capital, you will be better positioned to navigate the market's uncertainties and make informed decisions when the time is right. Thank you for your attention, and I sincerely hope that this warning reaches you in time. Please feel free to reach out if you have any questions or concerns in the comment section below. Stay vigilant and trade wisely.
BITSTAMP:BTCUSD
by bryandowningqln
GALA Games' Festive Surge: GALAUSDT LONGMy TA suggests KUCOIN:GALAUSDT , is presently breaking out for a potentially massive festive rally as we head towards Christmas. This bullish outlook stems from the formation of two solid patterns that I have been seeing often in the Crypto markets and which have almost always preceded upward price movements. First, a cup and handle formation, with the cup fully printed on the daily time frame: This cup has been forming over half a dozen months showing diligent accumulation by market participants. The second pattern which we can see is a falling wedge pattern which is on the 30-minute time frame and may prove to make up part of the cup's handle. We can see in the above chart snapshot how the price broke out of the falling wedge pattern to the upside and quickly retested the most recent demand zone for what seems to be the last time. At the time of publishing, an aggressive entry which would have been between 0.02923 and 0.02965 is already behind us. A more relaxed entry, can still be taken at current price 0.0343 with an initial profit target as shown below. This Festive Surge comes just as the Crypto market leader BINANCE:BTCUSD yesterday successfully broke and managed to close the day above $44k to put BTC's gains at over 160% year to date! Thanks for dropping by, hope you enjoyed this. I would love to hear your thoughts on this in the comments below. Happy Trading!
Long
by theblueinvestor
1
Spot Volume Drives BTC Rise – Time to Long!We are about to witness an exhilarating ride, and I don't want you to miss out on the opportunity to long BTC. Spot Volume: The Driving Force behind Bitcoin's Rise In recent weeks, Bitcoin's price surge has been primarily fueled by spot volume, which refers to the buying and selling of actual Bitcoin on cryptocurrency exchanges. This is a significant departure from previous rallies, where futures trading often played a more dominant role. Spot volume indicates a strong demand for Bitcoin from traders and investors who want to own the real asset, rather than just speculating on its future price movements. Why is this important? Well, spot volume-driven rallies tend to be more sustainable and less prone to manipulation. They reflect genuine market sentiment and confidence in Bitcoin's long-term value. This shift signifies a maturing market and sets the stage for a potentially explosive upward trajectory. ` Now, more than ever, it's crucial to seize this moment and position yourself for potential gains. The spot volume-driven rally indicates a growing belief in Bitcoin's value proposition and its ability to act as a store of value and hedge against inflation. This sentiment is shared by both institutional investors and retail traders alike, creating a perfect storm for Bitcoin's ascent. So, what's the call-to-action? It's simple – long BTC! Take advantage of this exciting market trend by strategically entering long positions on Bitcoin. With spot volume driving the rise, you can have confidence in the market's support and the potential for sustained upward momentum. Whether you're an experienced trader or just starting your crypto journey, this is an opportune time to capitalize on Bitcoin's rise. Remember, timing is crucial in the world of trading, and spotting trends early can lead to exceptional profits. Don't Miss Out – Act Now! The crypto market is buzzing with anticipation, and the time to act is now. Don't let this thrilling opportunity pass you by. Take advantage of the spot volume-driven rally and long BTC to potentially ride the wave of Bitcoin's rise.
BITSTAMP:BTCUSDLong
by bryandowningqln
BTC Shows Positive Awesome Oscillator and RSI Signals!I am thrilled to share with you some positive indicators that have recently emerged for Bitcoin (BTC), which may present a lucrative opportunity for potential gains. Firstly, let's talk about the Awesome Oscillator (AO). It is a technical analysis tool that measures market momentum, specifically the difference between the 34-period and 5-period simple moving averages. The Awesome Oscillator for BTC has been displaying a remarkable upward trend, indicating a strong bullish momentum in the market. This is a positive sign for those considering entering a long position on BTC. Moreover, the Relative Strength Index (RSI) is another powerful indicator that measures the speed and change of price movements. BTC's RSI has recently shown a significant surge, crossing the threshold into overbought territory. This suggests that the buying pressure has been consistently strong, potentially leading to further upward movement shortly. With these positive signals from both the Awesome Oscillator and RSI, it's hard not to feel optimistic about the potential for BTC's price to continue its upward trajectory. As traders, we need to seize such opportunities when they arise. Therefore, I encourage you to consider taking a long position on BTC currently. However, as always, it is crucial to conduct your own thorough analysis and risk assessment before making any trading decisions. Remember, the cryptocurrency market is highly volatile, and it's essential to stay informed and exercise caution. If you're interested in exploring this opportunity further, I recommend keeping a close eye on BTC's price movements and monitoring any additional positive indicators that may emerge. Timing is key, so be sure to stay vigilant and act accordingly. I hope this news brings a smile to your face and ignites a spark of excitement within you. Let's make the most of this potential opportunity and continue to navigate the cryptocurrency market with enthusiasm and positivity! Wishing you happy trading and successful ventures ahead!
BITSTAMP:BTCUSDLong
by bryandowningqln