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Bitcoinmoon

Bitcoin Fed Can’t Hold Bitcoin, No Plans Yet To Change Law, Powell Says Jerome Powell says the Fed isn't allowed to own Bitcoin. He also says the bank cannot create a stockpile of digital assets. The market immediately reacted to Powell's statement, sending Bitcoin's price down by 5.7%.Bitcoin Decline Continues: Are Bulls Losing Control? Bitcoin price extended losses and traded below the $100,000 zone. BTC is struggling and might continue to move down toward the $92,000 support zone. Bitcoin started a fresh decline from the $102,000 resistance zone. There is a key bearish trend line forming with resistance at $98,500. Glassnode's Week on Chain report revealed the similarities between the current Bitcoin uptrend and previous cycles amid changing market conditions. Meanwhile, long-term investors began distributing their tokens at the $100K level, culminating in a new all-time high of $2.1 billion in realized profitsAccording to blockchain analytics firm Glassnode's weekly report, Bitcoin's current price performance has a striking resemblance with the 2015-2018 and 2018-2021 cycles despite the changing dynamics in its market structure. Like previous cycles, the selling pressure that accompanies sustained price increases has remained but at a much lower pace. The deepest drawdown in this cycle occurred on August 5, 2024, when prices dropped 32% below their peak
CRYPTO:BTCUSDShort
by KingForex078
Bitcoin: Hold now, buy laterHello, Bitcoin is a clear uptrend as the price is above the moving averages, as the picture on the left side of the chart shows. Technical indicators like Ultimate Oscillator, ADX, MOM, and MACD are bullish. However, RSI indicators are overbought, which means Bitcoin might go higher, but there'll be a better time to buy when the market corrects the overbought conditions. I hold my Bitcoins, but I won't buy any more until the upcoming correction, which might come soon. Regards, Ely
BITSTAMP:BTCUSDLong
by Elysian_Mind
Bitcoin Cycle Top Expectation: Fibonacci Targets $160K-$180KAs Bitcoin approaches the $100,000 milestone, this analysis leverages Fibonacci extensions to highlight potential targets for the current market cycle. Historical trends suggest that Bitcoin’s cycle tops often align with major Fibonacci levels, making the $160K-$180K zone a key area of interest. This zone represents a strong convergence of resistance based on both technical levels and psychological significance, where a potential cycle top could form. The chart provides a visual breakdown of these targets, with additional possible extensions if momentum overextends. Disclaimer: This is not financial advice. Always conduct your own research before making any investment decisions.
COINBASE:BTCUSDLong
by djobs
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
Bitcoin Approaching Key Resistance—Watch for Breakout / PullbackSince the last analysis, Bitcoin has respected the Crucial Support Zones and is now approaching a pivotal point at the Descending Resistance trendline. We’ve seen a bounce off the support zones, particularly the 1W BISI, which has held firm, and the next move will be decisive as BTC approaches the U.S. Election timeline in early November. Key Developments: Bitcoin is approaching the Descending Resistance, with a potential breakout signaling a move towards 76K and beyond. The 1W BISI (one-week bullish imbalance support) has acted as a strong foundation for this current price action, making the upcoming resistance test a crucial moment. The RSI is sitting comfortably above 55, showing momentum building up in favor of the bulls. Strategy Update: Swing Traders: Look for confirmation of the breakout above the descending resistance. If price holds and closes above this level, a run toward 76K and 80K becomes highly probable. Scalpers: Stay cautious around the resistance zone. If Bitcoin fails to break out convincingly, a short-term pullback to retest the 1W BISI could provide shorting opportunities. Key Levels: Resistance: The Descending Resistance trendline is your key point for watching breakout potential. If BTC breaches this level, expect a rally to 72K and 74K. Support: The 1W BISI and Crucial Support Zone 1 (around 64K) will act as strong support levels in case of any short-term corrections. ------ This setup remains crucial as the U.S. Election date approaches, a point that may trigger increased volatility across markets. Keep your risk management tight and stay flexible as the market prepares for its next major move.
by MadeByAK
Bitcoin: Step-by-Step Action Plan for 2025 Bitcoin has just reached its 60-day cycle low, coinciding with the conclusion of the U.S. election—a critical moment in both markets. If this cycle follows a "right-translated" pattern, we could see BTC maintaining bullish momentum for the next four weeks. In trading, two types of participants tend to profit: those who spot and act on trends using indicators, market structures, or other strategies, and those who rely on luck by buying at the right time. While luck might bring gains in a market with Bitcoin’s history of strong growth, relying on it is often short-lived. Without the skill to analyze the market, "lucky" traders often lose out in the long run, especially when conditions turn. For sustainable success, understanding the 60-day cycle and recognizing right-translation as a bullish sign can make all the difference. Watch for potential upward movement in Bitcoin over the coming weeks, but remember to keep an eye on key indicators and manage risk carefully! What Are the Cycles Telling Us About Bitcoin and Altcoins Right Now? Bitcoin Confirmed 60-Day Cycle Low: Bullish Setup for the Next 40 Days Bitcoin's price is showing signs of upward momentum. Our 3-day indicator, which we aimed to see below 20, has started turning upward, suggesting a bullish short-term pattern. Currently, the daily indicator sits around 46—potentially a good entry signal. Over the next 3-4 days, we could see a strong price push, potentially followed by a brief consolidation. The ideal buying opportunity came at the last cycle bottom of $56,000, with the next best entry at the recent low around $70,000. Now, with Bitcoin confirming its 60-day cycle low at $68,000 and beginning its ascent, a right-translated cycle could mean a climb over the next 40 days, providing ample time for gains. While the 1-week indicator (red line) is above 80, it’s holding steady, indicating a continued bullish phase. Although this weekly indicator may dip to 20 within the next month or two, bringing another buying opportunity, strong uptrends can mean that waiting could result in missed profits. Stay alert for potential pullbacks, but the momentum is favoring the bulls! Don't sleep on open profits - always take profits on the cycle tops!
BITSTAMP:BTCUSDLong
by TheStrategyMaster
BITCOIN IS FINALLY READY TO LIFT OFF !!After several months of consolidation and reaccumulation between $50,000 and $70,000 USD, OKX:BTCUSDT BINANCE:BTCUSDT INDEX:BTCUSD CME:BTC1! has formed a massive bull flag and is finally beginning to break out. Since 2012, Bitcoin has surged in the weeks leading up to U.S. presidential elections, only to experience a "sell the news" event afterward, regardless of the winning candidate or party. Mark your calendars for November 4th, 2024, to stay ahead and avoid potential liquidations. This pattern is corroborated by most altcoins, which are signaling strong buy indicators through multiple technical factors. Also, please remember the annual tax sell-off that typically occurs in late December. Bitcoin is on a path toward $140,000–$160,000 by March 2025, which I expect to be the ultimate peak. The 16-year cycle, which has held on average for the past 100 years, will conclude, leading to a global recession akin to 2008 but even more severe. The events of 2022 and the August 2024 flash crash were just preludes to what may be coming. Please note, this is not financial advice. Always conduct your own research, exercise due diligence, and practice proper risk management. (I apologize for the picture from KuCoin on top of the TradingView chart; I forgot to renew my premium subscription.) Best regards, and may fortune favor the bold, cy4ne
Long
by cy4ne
Bitcoin Channel AnalysisBullish scenario: $64000 is broken and run to $72000. If $72000 is broken, a bull flag formation occurs and 100k is reached. Bearish scenario: Rejection at $64000 and break of both price action support and moving average level at $60000. It drops up to $52000. Since it recovered quickly after the decline below 60k at the beginning of May, I think the bear scenario is not possible except in an extraordinary situation. But we should not forget to put our stops just in case. On the contrary, apart from these two scenarios, it is also possible for Bitcoin to fluctuate in the parallel channel between 73k - 60k.
Long
by YavuzAkbay
Update on the Path to $100K and $150K BitcoinHere's an updated 'Path to $100k - $150k Bitcoin' study. We've already seen the power of the ETF money flowing into these markets, which seems unstoppable with Blackrock and Fidelity now with over $16B in AUM. We're also now seeing heavy corporate accumulation by the likes of MSTR which just upsized it's convertible debt offering to $700M from $600M to buy more Bitcoin. But as I've been speculating lately that other corporate accumulation has already begun, and would soon be 'revealed' at quarterly earnings reports and 10K filings... A wallet address associated with Tesla has started showing new accumulation of BTC. According to news sources: "Data from Arkham Intelligence reveals Tesla's apparent accumulation of Bitcoin, with holdings now at 11,509 BTC, up from 9,720 BTC. This surge, amounting to 1,789 BTC (approximately $120.4 million), suggests a renewed interest in the cryptocurrency." And they're likely not the only ones. It's a game of musical chairs, and not everyone will have a seat when the music stops. How high will this push Bitcion and the rest of the crypto markets? As you can see from this study analyzing the past cycle's fibonacci projectsions which correctly called the market cycle top exactly, and also by overlaying the last cycle's price action pattern, stretched out slightly to account for the pre-halving tempo of this market... We can clearly see $100k Bitcoin as the likely next point of resistance, and after potentially re-testing the current $70k new high, bitcoin could easily push higher to $155K this year. Similarly, the chart suggests that at a full 3.618 Fibonacci extention like the last cycle, puts Bitcoin at a $210K high this cycle, likely in 2025. What ar your thoughts?
COINBASE:BTCUSD
by BrettFogle
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 With the Expected Pullback but How Far?Bitcoin has given us our expected pullback and now we must look at the support side to study which supports will hold price and for how long?The first option, as of this post, is that the pullback will only last till Tuesday (U.S. stock markets are closed Monday) and then the buyers come back via BTC ETFs. If this is the case, it may also mean that our RED ascending trendline, which currently sits at around 50,300, may hold. If our RED ascending TL holds, there is a likelihood we go to 56k before more pullback. Our second scenario is that the TL breaks and we drop to 48k before more buyers jump in. This is my hope because it represents the best technical options. I’d like to see a retest and hold of our 48k price level. And if we hold, I see the upward longer-term trend continuing for some time.Of course, we could always break 48k support. This is our third scenario. If 48k support breaks, we do have a lot of support underneath us and I don’t see us dropping much below 42k before demand kicks back in. Remember, ETFs are currently demanding 12x+ more than BTC miners can provide. This is on a liquidity ratio of 1 to 4, meaning that something like less than 25% of all Bitcoin in current circulation is even available for trading. Simple math here suggests a near impossibility to drop to 20k or lower again as some analysts are suggesting. Even 31.6k, as I had previously suggested (this was before ETFs were actually confirmed and approved) is now somewhat of a bygone dream. But with current U.S. geo-political policy as disastrous, devastating, disgusting, and destructive as it currently is, it remains a possibility. Anything that brings the price to that level will almost certainly be news-driven at that point in my opinion. Other indicators that we must consider are the strength of the U.S. dollar and the status of the U.S. stock markets. The dollar (below) continues its rise in strength to that 105.6 target level as predicted many months ago. Once achieved, back down we’ll go. Dollar weakness is almost always reflected in market price which then trickles over into our crypto space. But even more so does this last part ring true with the advent of BTC ETFs in the space. If the dollar does as I have expected and drops once it hits or nears that 105.6 resistance level, the meltup that I predicted a year and a half ago now, will continue onwards and upwards to even greater highs. Many markets and indices have already achieved all-time highs. This melt-up should continue into mid-late summer. But somewhere before September you can expect it all to end and come crashing down. Bitcoin would then follow at that point but from what price level and to what extent is yet obviously unknown. I do believe Bitcoin reaches at least 80k by mid-late summer. Any sort of crash from that point could bring us quickly back down to 48k or lower. But, I don’t want to speculate price action too dogmatically that far into the future. What I am fairly sure of is a blow-off top (already happening in U.S. stock markets) and then a fairly severe pullback (potential crash) sometime around or before September of this year. This is what I am attempting to prepare myself and those who follow me for. Now lastly, in terms of my current trades, I have taken profits on most and been stopped out of others at or just above break even. I mainly did a just-above-break-even SL for psychological benefit as it shows green on my spreadsheet (insert smiley emoji). Once I have ascertained to a greater degree where this current pullback will find support, I will begin looking for new entries again.
INDEX:BTCUSDLong
by stewdamus
Bitcoin halving starts in 60 days. I like this price channelI’m not saying that Halving will begin on April 8th, this is an assumption based on my findings. My forecast is this: Bitcoin is now a colossal success for ETFs, and now "MicroStrategy" has like-minded people, it is enough to single out one figure for everything to fall into place, "BlackRock", which is accumulating 82000 Bitcoins today and announces on the "CNBC" channel that they will be accumulating Bitcoin for several more years. Based on these important facts, I have a positive forecast for a new high in the price of Bitcoin.
BITSTAMP:BTCUSD
by GarateTradeCrypto