Bitcoinmarkets
Bitcoin Halving: Understanding the Impact on Market Expansion I want to share with you some interesting statistics about the price of Bitcoin during previous halvings. As you know, halving is an event when the amount of new bitcoins that are mined is reduced by half. This leads to a reduction in the supply of bitcoins in the market, which can affect their price.
Let's take a look at what happened to the price of Bitcoin during previous halvings. Each halving had its stages of development, which include four phases:
Bull Market,
Bear Market,
Accumulation,
Expansion.
The first halving occurred in 2012, and the price of one bitcoin was $12.2. After that halving, the price increased by 6.6 times.
The second halving occurred in 2016, and the price of one bitcoin was $657. After that halving, the price increased by 12.9 times.
The third halving occurred in 2020, and the price of one bitcoin was $8,500.
Now we are waiting for the fourth halving, which will occur in 2024. Each of these stages is characterized by certain market trends.
Bull Market: This is a period of rising asset prices. In the case of Bitcoin, it means that the price is rising. This stage can last from several months to several years.
Bear Market: This is a period of falling asset prices. In the case of Bitcoin, it means that the price is falling. This stage can also last from several months to several years.
Accumulation: This is a period when the price seems stable but is usually at a low level. This stage can last from several months to several years.
Expansion: this is a period when the price starts to rise again after a previous accumulation period. This stage can last from several months to several years. It should be noted that not all halvings were accompanied by the same market phases, but this is a general pattern that can be observed in the Bitcoin market.
Therefore, based on historical data, it can be argued that the halving affects the price of Bitcoin. However, the halving is not the only factor that affects the price. Other factors such as news, government regulations, and technical aspects can also affect the price of Bitcoin.
It is also important to note that it is difficult to predict the exact developments of Bitcoin prices. Although history can give us a general idea of how the price may change in the future, the actual impact on the price depends on many factors that may turn out to be unpredictable.
Therefore, for traders and investors, it is important to study the market, analyze news and technical aspects, and be prepared for unpredictable events in order to make the best decisions for their portfolio.
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BTC Skyrockets Above $38,000! Seize the Opportunity to Long BTC Bitcoin (BTC) has just made an astonishing breakthrough, surging above the $38,000 mark! This remarkable jump can be attributed to a recent dovish comment made by the Federal Reserve governor, signaling a potential bullish run for BTC.
The crypto market is buzzing with excitement as this significant price movement indicates a golden opportunity for those who are quick to act. Now is the time to capitalize on this momentum and seize the chance to long BTC, potentially reaping substantial profits in the process.
The Federal Reserve Governor Waller’s dovish comment has sent shockwaves through the traditional financial markets, driving investors towards Bitcoin as a safe haven asset. With the ever-increasing adoption of cryptocurrencies and the continuous influx of institutional interest, BTC is poised for an explosive surge in the near future.
So, what are you waiting for? It's time to ride the wave and take advantage of this exciting development. Here's your call-to-action: Long BTC now and position yourself to potentially reap enormous gains! Don't let this opportunity slip through your fingers!
To assist you further, I want to highlight a few key indicators that support the bullish case for BTC:
1. Positive Market Sentiment: The recent dovish comment from the Federal Reserve governor has injected renewed enthusiasm into the market, boosting confidence among traders.
2. Growing Institutional Adoption: Major financial institutions, corporations, and even governments are increasingly embracing cryptocurrencies, which further solidifies BTC's position as a valuable asset.
3. Technical Analysis: Expert analysts predict that BTC has the potential to break through key resistance levels, paving the way for even greater gains.
Remember, timing is crucial in the world of trading, and this moment is ripe with immense potential. As BTC pushes above $38,000, it's essential to act swiftly and strategically. Stay informed, keep an eye on market trends, and consider consulting with trusted experts to make well-informed trading decisions.
In conclusion, the recent dovish comment from the Federal Reserve governor has set the stage for an exhilarating bull run in the Bitcoin market. This is your chance to join the ranks of successful traders who seize opportunities when they arise. Long BTC now and position yourself to ride the wave of extraordinary profits!
Bitcoin 10,015 BTC worth $370Mil transferred today to Coinbase !If you haven`t sold the Head and Shoulders scenario:
Or reentered this BTC dip:
The you need to know that today 10,015 Bitcoins worth about $370Mil were transferred from Unknown Wallet to crypto exchange Coinbase!
Is CZ Binance ready to sell his Bitcoin?
Binance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion.
The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"!
The question arises: from where will these substantial funds be derived?
One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%.
Among the tokens impacted is BTC Bitcoin.
I've set a short-term price target for BTC Bitcoin at $30K.
Looking forward to read your opinion about it!
Act Now to Long BTC at SMA 20 $36kAs we all know, the world of cryptocurrency trading is fast-paced and ever-evolving, demanding our constant attention and informed decision-making. So, without further ado, let's dive into an exciting game-changer: the BTC Simple Moving Average 20!
Our expert analysis has determined that BTC's Simple Moving Average 20 has surged over an astonishing $36,000, setting the stage for a remarkable upward trend. This is an exciting signal that triggers us to urge you to take action promptly to long BTC and seize this golden opportunity!
Why, you may ask? Well, the Simple Moving Average 20 is a highly regarded technical indicator, reflecting the average price of an asset over the past 20 days. As BTC continues to venture into uncharted territories and defy expectations, the SMA20 at $36,000 carries tremendous weight. It signifies a strong bullish sentiment, suggesting a potential upward momentum for Bitcoin in the near term.
So, what does this mean for you? It's time to get in the game, increase your potential profitability, and embrace the thrill of trading! Don't miss out on this exhilarating chance to go long on BTC and ride the anticipated wave of growth analysts firmly believe that this is a pivotal moment that could have a significant impact on your investment portfolio.
Remember, the cryptocurrency market waits for no one. Opportunities like these arise unexpectedly, creating the perfect moments for strategy execution and taking calculated risks. Don't let this chance pass you by! Take a leap of faith and long BTC at the remarkable SMA20 price of over $36,000 today!
🌟 Exploring Bitcoin's Future Through Logarithmic Regression 🌟I've been delving into the fascinating world of Bitcoin's price trends and came across some compelling insights that I thought were worth sharing. Here's what I found about using logarithmic regression to understand and predict Bitcoin's market movements:
The Power of Logarithmic Regression: This method is really intriguing for Bitcoin analysis. It shows us how each cycle tends to bring diminishing returns compared to the explosive gains in Bitcoin's early days.
Peering into Future Peaks: Based on this approach, it seems that the next significant peak of Bitcoin could be lower than many expect, considering its current price around $45,000 and historical trends.
A Glimpse into 2025: Projections suggest that by late 2025, Bitcoin might reach just over $100,000. However, this might not align with a cycle peak, indicating a more gradual growth trajectory.
Understanding Market Cycles: The patterns of Bitcoin's rallies and downturns, along with its interactions with other assets like equities, offer a fascinating glimpse into its market behavior.
Altcoins in the Bitcoin Universe: In scenarios where Bitcoin experiences a major rally, it could significantly impact altcoin values. There's also a possibility of a 'double bottom' occurring in the current Bitcoin cycle.
The Significance of Regression Lines: Changes in regression lines can lead to notable shifts in Bitcoin's price. This concept was particularly evident in the 2018 cycle.
Current Price Considerations: Analyzing the current price in relation to trendlines indicates potential highs and lows. Reaching a $100,000 mark seems plausible, but going as high as $300,000 in the current cycle could be more challenging.
Bitcoin's Market Dominance: Despite potential fluctuations, Bitcoin's dominance in the market seems poised to continue its upward trend, offering a level of stability in the volatile crypto world.
BTC's Potential to Break Through $40K with ETF Approval The cryptocurrency market is about to witness a potential breakthrough that could send Bitcoin (BTC) soaring beyond the $40,000 mark. How, you may ask? Well, if the eagerly anticipated ETF (Exchange-Traded Fund) gets approved by January 10, we could be in for an incredible ride!
Imagine the possibilities that lie ahead if the ETF is given the green light. Not only will it unlock new opportunities for institutional investors to enter the crypto space, but it will also provide a significant boost to BTC's overall market sentiment. This approval has the potential to ignite a wave of positive momentum, propelling Bitcoin's value to new heights.
Now, I know what you're thinking - how can we capitalize on this exciting development? Well, my friends, it's time to consider going long on BTC! By taking a bullish stance and positioning ourselves strategically, we can potentially ride the wave of this anticipated surge. Remember, fortune favors the bold!
Here's a call-to-action for you: seize this opportunity and consider long positions on BTC. As experienced traders, we understand the importance of staying ahead of the curve and taking calculated risks. This is your chance to be part of a potentially historic moment in the cryptocurrency market.
Of course, it's important to remember that trading always carries risks, and it's crucial to conduct thorough research and analysis before making any investment decisions. However, with the potential for a significant breakthrough on the horizon, it's hard not to feel a sense of excitement and optimism.
So, let's keep our fingers crossed for the ETF approval and prepare ourselves for what could be an incredible start to the year for Bitcoin. As always, stay informed, stay proactive, and let's make the most of this thrilling opportunity together!
#Bitcoin - thoughts out loud #10
Good evening from Ukraine!
Dear colleagues, I am glad to welcome you!
Work plan.
It's a great start, and the end will be even better!
Thank you all for your attention, I wish you success.
Sometimes you win/sometimes you learn.
- thoughts out loud
- thoughts out loud
- thoughts out loud
P.S.
...Think positive)
BTC: Double bottom or TRIPLE TOP??? Be Carefull!!!Hello Everyone,
I am doing this analysis after long time as i was waiting to recover my loss. Finally i did it. I did not close my long position which i took at $28500 in August. Well, it was a good learning. This time Bitcoin and Matic tested my patience and finally my loss was recovered.
Now! This is important position. we are again above $30k. Now things are complicated. Is BTC going to cross and make support above $32500 or BTC going back to $27000. we should also keep in mind that this pump came just after a fake news. So credibility of this pump is really doubtful.
Well, things can go positive also for BTC. sentiments are positive and it can be used to trap some short position which is obvious from this position. We have to be careful. Also, Volume is still a concern. If you please notice the volume indicator, you can understand that volume is still an issue. This position is really going to test bulls if they want to stable above $32500, we need buy in good volume.
My Trade: i am Hedging now. But with a very tight stop loss and distance target.
Please be safe to take new trade.
BTC Bitcoin December PredictionsLast year I remember talking about the Santa Rally:
I expect the same this year, and probably the biggest crypto rally so far in 2024, once the Bitcoin ETFs get approved.
The next resistance is $40K. I expect to reach it before Christmas.
Looking forward to read your opinion about it.
Bitcoin Continues Consolidating With Maybe A Wick UpBitcoin trying reach the highs as its at 37.5 right now and its consolidating, we could see a higher wick or a pullback and then a wick to upside.Explained in details
Thanks for watching
Seize the Moment: Explosive BTC Price Rally - It's Time to Long!Excitement is mounting in the world of cryptocurrency as we witness an extraordinary development in the BTC trading landscape. I am reaching out to share the latest market analysis, revealing an incredibly promising outlook for Bitcoin (BTC) that you simply cannot ignore.
Our technical analysis indicates that the simple moving average (SMA) of 50 days for BTC price has surged above the SMA 100 days, pointing towards an upward trend that demands immediate attention. This bullish crossover represents a compelling sign of positive market momentum, heightening the prospects of exponential gains.
But wait, there's even more reason to be thrilled! The SMA 100 days, matched with a positively trending moving average convergence divergence (MACD), further reinforces the notion of substantial upside potential. These strong indicators working hand in hand signify a remarkable opportunity for lucrative gains.
With this groundbreaking development, I urge you to take action and seize the moment. Don't let this exciting chance to long BTC slip through your fingers. By capitalizing on this trend, you stand to maximize your returns and position yourself at the forefront of profit-making potential.
Gain an edge in the market by staying proactive and being one step ahead of the crowd. As experienced traders, we know that timing is critical, and there has never been a more opportune moment to dive into the world of BTC trading.
Bitcoin Wyckoff Distrubution Schematic #1 - TOP IS IN -Bitcoin is finishing Phase C of our wyckoff distribution schematic #1. This indicates that whales have been selling bitcoin all the way up. Good chances we have finished the upthrust after distribution (UTAD).
03/24/23 Preliminary supply (PSY)
4/14/23 Buying Climax (BC)
4/24/23 Automatic reaction (AR)
06/15/23 Signs of Weakness (SOW)
07/13/23 Upthrust (UT)
11/15/23 UTAD
BTC Drops due to High Stochastic Reading above 80
Bitcoin (BTC) price dropped due to a significant increase in the stochastic oscillator reading, surpassing the critical level of 80. It is crucial to approach this information in a neutral manner and make informed decisions based on objective analysis.
The stochastic oscillator is a technical indicator widely used in financial markets, including the cryptocurrency realm. It measures the momentum of an asset's price and determines whether it is overbought or oversold. A reading above 80 generally indicates that an asset is overbought, suggesting a potential upcoming correction or reversal in price.
Considering the present situation, it is advisable for traders to exercise caution and closely monitor the market movements. In such cases, it can be beneficial to pause BTC trading temporarily, as historical data suggests that prolonged periods of high stochastic readings are often followed by corrective or consolidating phases. Taking a step back during these times allows for a clearer perspective when the market eventually starts its next upswing.
Making informed decisions is a pivotal aspect of successful trading, and having an objective understanding of indicators like the stochastic oscillator is part of navigating the cryptocurrency market effectively. I encourage you to stay informed about market trends, seek guidance from reliable sources, and utilize robust trading strategies to maximize your trading potential.
Remember, the world of cryptocurrency is dynamic, and market conditions may change rapidly. Analyzing different factors alongside the stochastic oscillator can lead to a more comprehensive understanding of BTC price trends.
Thank you for your attention to this matter. Feel free to reach out for further clarification or to discuss any concerns you may have by commenting below. Wishing you all profitable trading endeavors and a successful journey in the cryptocurrency market.
Hovers at $37,000 – A Call to Pause Trading for Your BenefitBTC has recently been hovering around the $37,000 mark, displaying a level of volatility that demands our immediate attention.
In times like these, it is crucial to take a step back and evaluate the situation objectively. The rapid rise and fall of BTC's value can be overwhelming, and it is our responsibility to protect our investments and ensure the stability of our trading practices.
Therefore, I strongly urge you to consider pausing your BTC trading activities temporarily. This pause will allow you to reassess your strategies, analyze the market trends, and gain a clearer understanding of the factors influencing BTC's current volatility. By doing so, you will be better equipped to make informed decisions that align with your long-term trading goals.
Here are a few reasons why taking a pause in BTC trading is in your best interest:
1. Minimize potential losses: Volatile periods often lead to unexpected price fluctuations, making it challenging to predict market movements accurately. By temporarily stepping away from BTC trading, you can avoid making impulsive decisions that may result in substantial financial losses.
2. Gain perspective: Taking a break from trading provides an opportunity to reflect on your overall trading approach. Use this time to analyze your past trades, identify patterns, and refine your strategies accordingly. Remember, successful trading requires continuous learning and adaptation.
3. Reduce emotional stress: The constant ups and downs of the crypto market can take a toll on your mental and emotional well-being. Pausing BTC trading allows you to alleviate the stress associated with monitoring price movements, enabling you to approach future trades with a clear and focused mind.
4. Seek expert advice: During this pause, consider consulting with trusted experts or financial advisors who can provide valuable insights into the current market conditions. Their guidance can help you gain a broader perspective and make more informed decisions when you resume trading.
I implore you to prioritize your financial well-being and take this opportunity to reevaluate your trading strategies. By pausing BTC trading temporarily, you can safeguard your investments and position yourself for long-term success in this dynamic market.
Remember, the crypto market is ever-evolving, and it is crucial to adapt and stay informed. Use this time wisely to educate yourself, stay updated with market news, and explore new investment opportunities that align with your risk appetite.
If you have any questions or need further guidance, please feel free to reach out to by commenting below.
Thank you for your attention, and I urge you to make a responsible decision for your financial well-being. Let us approach this volatile period with caution and emerge stronger as traders.
Potential Path To $150k+ Bitcoin in 2024Here's my revised "Potential Path To $100k+" chart, adding in new factors that further point to the higher Fibonacci targets.
Similarly, the 3.618 accurately predicted the exact market cycle top in 2021 (drawn from the 2018 Hi / Low cycle)... Worth noting - see chart.
The following factors show 3 levels for Bitcoin upside in 2024, which I've labeled as 3 scenarios described in more detail below (Likely, Probably and Possible).
1. BlackRock & Fidelity ETF's Approval - (We know this is happening, just not sure when).
2. QE Money Printing To Pay Down US Debt - (The US won't have a choice. Other countries are).
3. Bank Failures, Bank Runs & Transfer Into BTC - (More regional bank failures are happening).
4. Hyperinflation & De-Dollarization (BRICS) - (We haven't seen effects yet, but likely coming).
5. Corporate Accumulation - MSTR / Apple /Tesla - (MSTR raising 750M Common Stock for BTC).
6. Country Accumulation (New Reserve Currency) - (More will follow El Salvador this cycle).
7. Post-Halving Less Bitcoin Miner Selling ($12B) - (Miners will have less to sell > 2024 halving).
I've broken these down into 3 scenarios...
Likely Target ($100k) - Bitcoin was widely 'expected' to hit $100k in the last cycle, and the math supports the reasons why. With $20T in investable assets in Gold + Silver + US Real Estate in 2023, just 10% of this moved over to Bitcoin gives BTC a $2T market cap alone. It's also the 1.618 Fib target for the next cycle as shown.
Probable Target ($155k) - Looking at the bars pattern from the Oct 19th 2020 breakout, we can see a rapid rise in Bitcoin followed, driving price up to the April 2021 initial high for BTC. This also coincides with the 2.618 Fibonacci target on the charts.
Possible Target ($210k) - Again looking at the last cycle drop starting in Dec 2017, to the low in
Dec 2018, the 3.618 Fib target was exactly where the peak around FWB:64K in April 2021. Many believe this to be true 'high' although later we had a Wyckoff 'Thrust' higher to $69k.
In the near term, the bars patterns also shows confluence for a pause right at the Fib Golden Pocket between FWB:48K and $50k. Since round numbers act as market magnets, I feel $50k is the next push higher before a meaningful profit taking pullback.
Also notable is the 21 week MA which has been an excellent support / resistance barometer over the years, and price has just firmly broken above that in recent weeks.
So this is looking very bullish to me here, and I'm expecting we go higher...
Time will tell if one or more of these scenarios come to pass!
What do you think??
Bitcoin Update 08.11.2023Analyzing BINANCE:BTCUSDT on a weekly basis is currently one of the simplest but also most effective tasks. This is because Bitcoin generally only fluctuates between support and resistance. In addition, it is fully compatible with the Fibonacci correction. Therefore, I can easily determine how far it will run.
The fact that INDEX:BTCUSD has not made a significant movement for 1 week shows us that it will not end its 4-week run before hitting the $38 thousand level. But I cannot recommend anyone to buy here and this is definitely not a buying signal.
Because one way or another, this short-term run has come to an end and therefore I am expecting a correction.
When I applied a Fibonacci tool to see how far the correction would be, the level I saw was around $31k. This level is both an important support according to price action and the Fibonacci 0.5 level. It should not be forgotten that Bitcoin likes 0.5 much more than Fiboncci 0.618, especially in the weekly time interval.
Therefore, I think it will return to the FWB:31K level after the $38k resistance is tested. This level will be a great buying opportunity for me.
The FWB:31K level is also the follow-up level of the upward trend that has been continuing since the beginning of 2023. Therefore, a return from this level will also be an indicator that the trend continues.
After buying at FWB:31K , my first target will be the $47200 level. I will not try to teach investment strategy to anyone here, but selling at resistances and collecting at supports is my own strategy and is suitable for my risk management.
Celebrating BTC's Remarkable Performance - Time to Long Bitcoin!Over the past few months, Bitcoin (BTC) has proven its mettle by outperforming Ethereum (ETH) by a staggering 20x! Yes, you read that right - an extraordinary twenty times! This remarkable achievement has left the trading community buzzing with excitement and presents an incredible opportunity for those who seek to maximize their gains.
Bitcoin has always been the trailblazer in the world of cryptocurrencies, and this latest feat only solidifies its position as the undisputed leader. Its unrivaled performance has not only captivated seasoned investors but also attracted a new wave of enthusiasts looking to ride the wave of success.
Now, you might be wondering, "What does this mean for me?" Well, my friend, this is the perfect moment to consider long positions on Bitcoin. With its unparalleled growth trajectory, BTC promises to be a lucrative investment opportunity for those who seize it. By going long on Bitcoin, you can potentially amplify your gains and capitalize on its extraordinary performance.
Don't let this incredible chance slip through your fingers! Join the ranks of astute traders who are already reaping the rewards of Bitcoin's unstoppable ascent. Whether you are a seasoned investor or just starting out, now is the time to take advantage of this golden opportunity.
To help you make the most of this exciting development, we have curated a collection of expert insights, market analysis, and educational resources on our platform. Access these resources to deepen your understanding of Bitcoin's potential and refine your trading strategies accordingly.
Remember, success favors the bold, and this is your moment to shine as a trader. Embrace the positive energy surrounding Bitcoin's exceptional performance and let it fuel your determination to achieve new heights in your trading journey.
So, my fellow trader, let's embark on this exhilarating adventure together! Long Bitcoin and set sail toward a brighter, more prosperous future.