BitcoinBTCUSD ( Bitcoin / U.S Dollar )
Bearish Channel as an Corrective Pattern in Short Time Frame
Break of Structure
RSI - Divergence
Completed " 12345 " Impulsive Waves
Change of Characteristics
Bitcoinprediction
BTC Bitcoin Bear Market If you haven`t bought BTC before the recent rally:
Historically, Bitcoin has shown a tendency to retrace in December before starting a recovery around March. This pattern could repeat this season, with BTC facing selling pressure as year-end portfolio rebalancing and macro uncertainties weigh on the market.
While a brief Santa Claus rally might provide temporary relief, the bearish trend is expected to dominate until March. By then, BTC could trade below $84K before regaining momentum, aligning with its historical recovery trend as market conditions stabilize in spring.
Bitcoin BTC price movement forecast by the end of 2024 !📉 On December 5, 2024, set an absolute record for liquidations on the crypto market - $1.1 billion ($820 million longs + $280 million shorts), breaking the record of August 05, 2024, when it was $950 million.
CRYPTOCAP:BTC price dropped to $89-90 thousand, depending on the exchange.
Such a “helicopter” as on the OKX:BTCUSDT chart is launched when all indicators are “overheated” and the market needs to rest, but maintain the trend, i.e. the crypto market's up-trend.
Fear and Greed Index - 71 (greed remains on the market)
Given the fact that altcoins have barely reacted to the fall, we can assume that there will be another wave down.
How do you feel about the option of #Bitcoin price movement $100k 👉 $84-85k 👉 $110k and this is all by the end of 2024 ?)
P.S:
also remember that on 18/12/24 the FOMC meeting is to be held, where the FED rate is expected to be cut by at least -0.25%.
_____________________
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Bitcoins Bext Big Price MoveBitcoin’s price action is currently forming a symmetrical triangle pattern, with the key points marked as A ($103,900), B ($92,400), C ($101,400) , and D ($94,600) , indicating a period of consolidation as buyers and sellers struggle for control. Notably, the price recently bounced off the 0.786 Fibonacci retracement level at $94k , a critical support zone that aligns with the lower boundary of the triangle. Below this, the 0.618 Fibonacci level at $86.6k serves as the next significant support, while a break of this level could open the door to deeper downside risks. On the upside, a breakout above the triangle’s upper trendline, currently near $100k , could propel Bitcoin toward its next major target at $130k , aligning with the 1.618 Fibonacci extension level. The tightening price range within the triangle and declining volume suggest a major breakout is imminent, with traders closely watching for a decisive move in either direction. Given Bitcoin's historical behavior, the breakout direction could set the tone for its trend over the coming weeks. Microsoft is voting on purchasing bitcoin tomorrow, and the results from this and Amazon's vote later on could effect the direction of this breakout.
When is the Right Time to Reenter?You see those two green stripes? That’s where I bought:
1️⃣ First Stripe:
- Indicators Alignment: The **1-Day, 3-Day, and 1-Week Cycles** were all below 20, signaling a strong buy.
- Retracement: The market had retraced ~12%, confirming the **bullish trend** was still intact.
- Cycle Low: The **60-Day Cycle low** was just around the corner.
- Key Level: When the **$40K level** broke, the **bottom volatility** confirmed we were bottoming in the **60-Day Cycle**.
- 🔍 **Did I catch the exact bottom?** Rarely—but I waited for the **1-Day Cycle to reset** and bought again at the **second green stripe** in early February.
2️⃣ The Result:
- The market resumed its climb, gaining another **50%** from my entry point. 🚀
The Current Plan
📝 I’ll take a similar approach this time:
- 1-Day & 3-Day Cycles: Plan to reenter when both indicators drop below 20 —without waiting for the 1-Week Cycle to reset fully.
- Why? A left-translated cycle (concept by Bob Loukas, 2022) suggests this could still be a great entry point.
📊 Historical Data: Strongly supports this strategy.
Stay patient, and let the cycles guide your reentry. 🚦📈
BTCUSD | Next Prime Zone for Long OpportunityWelcome back! Let me know your thoughts in the comments!
** BTCUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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BTC LONG OPPORTUNITY BTC long opportunity to $103,670. Simple break out from a descending pattern coupled with rejection from the SMA's on 4hr time frame and the rejection from $99,000 on higher time frames, also notice the low test candle on the 4hr slightly piercing through that support level.
Expect a pull back at around $101,600 - $101,700 for liquidation and relief for retail traders. Fib would give us a target of $103,620 which is also the ATH for BTC so a good target to revisit.
BTC/USD Market Structure Shift on H1 Timeframe"All Insights given on Chart"
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Note :
Do your own Research and Trade Wisely Never rely on my opinions.
Good Luck folks
Can Bitcoin Sustain Its Meteoric Rise and Reach the $110,000 MarBitcoin's Meteoric Rise: A Rally Towards the $100,000 Mark
Bitcoin, the world's largest cryptocurrency, has once again defied expectations, surging past the historic $100,000 milestone. This remarkable achievement comes amidst a backdrop of sluggish performance in traditional assets such as oil, gold, and the S&P 500 index.
A Bullish Outlook for 2025
Analysts are increasingly optimistic about Bitcoin's trajectory, with some predicting that the rally will continue well into 2025. This bullish sentiment is fueled by a confluence of factors, including growing institutional adoption, increasing regulatory clarity, and a strengthening global economy.
As more traditional financial institutions and corporations embrace Bitcoin, the cryptocurrency's legitimacy and mainstream appeal have surged. This institutional adoption has significantly contributed to the price surge, as large-scale investors seek to diversify their portfolios and gain exposure to the emerging digital asset class.
Furthermore, regulatory developments around the world have played a crucial role in shaping Bitcoin's future. While regulatory frameworks vary across different jurisdictions, increased clarity and supportive policies have fostered a more conducive environment for cryptocurrency investment.
A Closer Look at the Technical Indicators
Despite the impressive rally, technical indicators suggest that Bitcoin's upward momentum may be losing steam. The "Choppiness" index, a measure of price volatility, has been steadily increasing, indicating a potential shift towards a more sideways market. While the $100,000 level represents a significant psychological barrier, breaking through the $110,000 mark may prove to be a more challenging task.
Long-Term Holders: A Sign of Strength or Weakness?
The behavior of long-term Bitcoin holders has also sparked debate among market analysts. Some argue that the increased accumulation of coins by long-term holders is a bullish signal, suggesting strong conviction in the cryptocurrency's long-term potential. Others, however, believe that this could be a sign of impending weakness, as long-term holders may be preparing to sell their holdings at higher prices.
The Future of Bitcoin: A Fork in the Road
As Bitcoin continues to evolve, several key questions remain unanswered. Will the cryptocurrency achieve widespread mainstream adoption, becoming a staple in investment portfolios worldwide? Or will it face increased market volatility and regulatory hurdles, potentially leading to a price correction?
Furthermore, the future of Bitcoin may be intertwined with the development of innovative technologies such as blockchain and decentralized finance (DeFi). These emerging technologies have the potential to revolutionize various industries, including finance, supply chain management, and healthcare.1
Investor Sentiment: Hold, Sell, or Buy More?
Retail and institutional investors alike are grappling with the decision of whether to hold, sell, or buy more Bitcoin. While the cryptocurrency's recent performance has been impressive, it's essential to approach investment decisions with caution and conduct thorough research.
As with any investment, it's crucial to consider your risk tolerance, financial goals, and long-term investment horizon. Diversification is also a key strategy to mitigate risk and optimize returns.
Conclusion
Bitcoin's journey to the $100,000 milestone is a testament to its resilience and transformative potential. While the future remains uncertain, the cryptocurrency's underlying technology and growing adoption continue to drive its value. As the digital asset landscape evolves, it's imperative to stay informed and adapt to the changing dynamics of the market.
Now Funding Rates Have Fixed, Where Were We?Now that BTC USDT funding rates have fixed, where were we?
Bitcoin's funding rate normalization is a positive signal for market stability, often indicating that extreme sentiment (either bullish or bearish) is cooling off. This creates a more balanced environment for the next major move.
Resistance and the 110K Target
If the key resistance level you are watching breaks, the idea of a path to $110K becomes plausible under certain conditions:
Momentum Confirmation: A strong breakout above the resistance with high volume and no immediate rejection is crucial.
Market Sentiment: If the broader sentiment shifts positively, it could drive significant buying pressure.
Macro Factors: Bitcoin's trajectory could be influenced by external factors like macroeconomic data, institutional adoption, or regulatory clarity.
See how Latest BTC Analyzes hit TP
Latest Bitcoin Analyzes
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Bitcoin Going to Zero ? The End of Bitcoin ?Before you all feel any trauma or alarm from the title, I urge you to stay calm and read this idea carefully to understand the broader perspective.
History of Bitcoin: The Rise of Decentralization
Bitcoin's journey began in 2008, when an anonymous figure under the pseudonym Satoshi Nakamoto introduced it through a white paper titled Bitcoin: A Peer-to-Peer Electronic Cash System. Nakamoto’s vision was to create a decentralized currency, free from government or central bank control, using blockchain technology. The first block, called the genesis block, was mined in January 2009, marking the birth of Bitcoin.
Despite Nakamoto's critical role in Bitcoin's inception, his true identity remains a mystery, leading to much speculation over the years. Some have theorized that he could be a single individual, while others suggest that Nakamoto could be a group of people or even a government agency. After releasing the software and participating in the early days of the network, Nakamoto gradually withdrew from public involvement, leaving the Bitcoin community to grow independently. This disappearance into the shadows has only added to the intrigue and mystique surrounding the cryptocurrency's origins.
While Nakamoto remains a key figure in Bitcoin's history, he has remained silent since 2011, with no clear explanation as to why he stepped back.
1. BIS: The Puppet Master of Global Finance
The Bank for International Settlements (BIS) is often referred to as the "central bank of central banks" due to its unique role in fostering international monetary and financial cooperation. Established in 1930, it serves as an umbrella organization for central banks worldwide, providing a platform for collaboration and offering banking services to them. The BIS is headquartered in Basel, Switzerland, and its primary objectives are to promote financial stability, monitor economic trends, and facilitate communication between global central banks, such as the Federal Reserve, European Central Bank, and others.
Over time, the BIS has played a crucial role in shaping global monetary policies, overseeing financial markets, and fostering agreements between the world's leading financial institutions. It is instrumental in setting regulatory standards and guidelines that many countries' central banks follow. This level of control and influence positions the BIS at the centre of international financial governance, which is critical when discussing the future of currencies, including Bitcoin and the potential shift to Central Bank Digital Currencies (CBDCs).
As a body that influences the direction of global banking, the BIS has been actively involved in discussing and exploring the future of digital currencies. Given the growing interest in decentralized cryptocurrencies, such as Bitcoin, the BIS has expressed concerns over the stability of decentralized systems and has advocated for centralized digital currencies to ensure that monetary policy can remain under control, furthering the possibility of a CBDC rollout in the future.
3. Why Bitcoin’s Fall to Zero Could Be a Strategic Move
Now, with global economies struggling under record-high debt levels, central banks might see Bitcoin as a bubble ready to pop. The BIS could leverage its influence to push for a CBDC revolution, positioning these centralized digital currencies as “safer” and more reliable alternatives to Bitcoin. By orchestrating a dramatic collapse in Bitcoin, the narrative could shift, convincing the public that decentralized currencies are unstable and unsustainable.
CBDCs are fundamentally different from Bitcoin:
- Fully controlled by central banks.
- Allow tracking and surveillance of every transaction.
- Provide central banks the ability to impose negative interest rates or freeze funds.
This shift would mark a return to centralized control, with individuals losing the financial freedom Bitcoin promised.
4. Was This the Plan All Along?
It’s not far-fetched to believe that Bitcoin’s rise and fall have been part of a larger test. During the pandemic, Bitcoin surged on the back of mass media promotions and institutional FOMO. Billionaires like Elon Musk promoted Dogecoin and Bitcoin, fuelling speculative buying. Yet, when the dust settled, the same institutions that promoted Bitcoin quietly accumulated it during crashes.
With Bitcoin at $100,000 now, the euphoric belief in its unstoppable rise mirrors past market bubbles. Could this be the final phase of Bitcoin’s journey before an engineered collapse leads to the introduction of CBDCs as the “solution”?
5. What’s Next?
If Bitcoin does crash to zero, it will be a defining moment for cryptocurrencies and global finance. CBDCs would emerge as the dominant narrative, backed by the BIS and central banks, with promises of stability, security, and control. However, it would come at the cost of financial freedom and decentralization.
Disclaimer:
The post explores possibilities based on historical trends, institutional behaviours, and emerging global financial strategies. While I am not claiming that Bitcoin will inevitably fall to zero, we cannot ignore the potential for this to occur, especially as major players like the Bank for International Settlements (BIS) push for a centralized currency system under the guise of Central Bank Digital Currencies (CBDCs).
The BIS, as the central bank of central banks, is focused on pushing for a centralized, controlled financial system, and this has implications for decentralized systems like Bitcoin. They are aiming to promote their agenda of centralization, and in doing so, they seek to control the masses through monetary power, which is in direct opposition to the fundamental principles behind Bitcoin’s decentralized nature.
This is not final financial advice, nor am I claiming Bitcoin will necessarily collapse to zero. However, the possibility cannot be ignored, especially when considering the global financial forces at play. I urge you to think critically and keep an open mind regarding these dynamics. What we are witnessing may just be the beginning of a new chapter in the future of money and its control. Let’s keep a close eye on how this unfolds.
What Do You Think? Could Bitcoin's journey be part of a larger plan to usher in CBDCs? Are we witnessing the twilight of decentralized finance? Share your thoughts and perspectives below, and share this to make people aware :)
Could Bitcoin Fall to Zero ? A Closer Look at CBDCs.Bitcoin's journey began in 2008, when an anonymous figure under the pseudonym Satoshi Nakamoto introduced it through a white paper titled Bitcoin: A Peer-to-Peer Electronic Cash System. Nakamoto’s vision was to create a decentralized currency, free from government or central bank control, using blockchain technology. The first block, called the genesis block, was mined in January 2009, marking the birth of Bitcoin.
Despite Nakamoto's critical role in Bitcoin's inception, his true identity remains a mystery, leading to much speculation over the years. Some have theorized that he could be a single individual, while others suggest that Nakamoto could be a group of people or even a government agency. After releasing the software and participating in the early days of the network, Nakamoto gradually withdrew from public involvement, leaving the Bitcoin community to grow independently. This disappearance into the shadows has only added to the intrigue and mystique surrounding the cryptocurrency's origins.
While Nakamoto remains a key figure in Bitcoin's history, he has remained silent since 2011, with no clear explanation as to why he stepped back.
1. BIS: The Puppet Master of Global Finance
The Bank for International Settlements (BIS) is often referred to as the "central bank of central banks" due to its unique role in fostering international monetary and financial cooperation. Established in 1930, it serves as an umbrella organization for central banks worldwide, providing a platform for collaboration and offering banking services to them. The BIS is headquartered in Basel, Switzerland, and its primary objectives are to promote financial stability, monitor economic trends, and facilitate communication between global central banks, such as the Federal Reserve, European Central Bank, and others.
Over time, the BIS has played a crucial role in shaping global monetary policies, overseeing financial markets, and fostering agreements between the world's leading financial institutions. It is instrumental in setting regulatory standards and guidelines that many countries' central banks follow. This level of control and influence positions the BIS at the centre of international financial governance, which is critical when discussing the future of currencies, including Bitcoin and the potential shift to Central Bank Digital Currencies (CBDCs).
As a body that influences the direction of global banking, the BIS has been actively involved in discussing and exploring the future of digital currencies. Given the growing interest in decentralized cryptocurrencies, such as Bitcoin, the BIS has expressed concerns over the stability of decentralized systems and has advocated for centralized digital currencies to ensure that monetary policy can remain under control, furthering the possibility of a CBDC rollout in the future.
3. Why Bitcoin’s Fall to Zero Could Be a Strategic Move
Now, with global economies struggling under record-high debt levels, central banks might see Bitcoin as a bubble ready to pop. The BIS could leverage its influence to push for a CBDC revolution, positioning these centralized digital currencies as “safer” and more reliable alternatives to Bitcoin. By orchestrating a dramatic collapse in Bitcoin, the narrative could shift, convincing the public that decentralized currencies are unstable and unsustainable.
CBDCs are fundamentally different from Bitcoin:
- Fully controlled by central banks.
- Allow tracking and surveillance of every transaction.
- Provide central banks the ability to impose negative interest rates or freeze funds.
This shift would mark a return to centralized control, with individuals losing the financial freedom Bitcoin promised.
4. Was This the Plan All Along?
It’s not far-fetched to believe that Bitcoin’s rise and fall have been part of a larger test. During the pandemic, Bitcoin surged on the back of mass media promotions and institutional FOMO. Billionaires like Elon Musk promoted Dogecoin and Bitcoin, fuelling speculative buying. Yet, when the dust settled, the same institutions that promoted Bitcoin quietly accumulated it during crashes.
With Bitcoin at $100,000 now, the euphoric belief in its unstoppable rise mirrors past market bubbles. Could this be the final phase of Bitcoin’s journey before an engineered collapse leads to the introduction of CBDCs as the “solution”?
5. What’s Next?
If Bitcoin does crash to zero, it will be a defining moment for cryptocurrencies and global finance. CBDCs would emerge as the dominant narrative, backed by the BIS and central banks, with promises of stability, security, and control. However, it would come at the cost of financial freedom and decentralization.
Disclaimer:
The post explores possibilities based on historical trends, institutional behaviours, and emerging global financial strategies. While I am not claiming that Bitcoin will inevitably fall to zero, we cannot ignore the potential for this to occur, especially as major players like the Bank for International Settlements (BIS) push for a centralized currency system under the guise of Central Bank Digital Currencies (CBDCs).
The BIS, as the central bank of central banks, is focused on pushing for a centralized, controlled financial system, and this has implications for decentralized systems like Bitcoin. They are aiming to promote their agenda of centralization, and in doing so, they seek to control the masses through monetary power, which is in direct opposition to the fundamental principles behind Bitcoin’s decentralized nature.
This is not final financial advice, nor am I claiming Bitcoin will necessarily collapse to zero. However, the possibility cannot be ignored, especially when considering the global financial forces at play. I urge you to think critically and keep an open mind regarding these dynamics. What we are witnessing may just be the beginning of a new chapter in the future of money and its control. Let’s keep a close eye on how this unfolds.
What Do You Think? Could Bitcoin's journey be part of a larger plan to usher in CBDCs? Are we witnessing the twilight of decentralized finance? Share your thoughts and perspectives below, and share this to make people aware :)
Bitcoin Plummet Back to $97K After Surging Pass $100kThe cryptocurrency market witnessed turbulent activity as Bitcoin ( CRYPTOCAP:BTC ) faced a significant flash crash, exacerbated by Mt. Gox’s recent transfer of 3,620 BTC. Combined with over $1 billion in liquidations and strategic market movements, these events painted a complex picture for the world's largest cryptocurrency.
Mt. Gox: The Catalyst of Market Jitters
Bankrupt crypto exchange Mt. Gox has once again entered the limelight by transferring 3,620 BTC worth millions to two undisclosed wallets. According to Arkham Intelligence, these transactions—3,493 BTC to wallet address 1MAXy6…Ez3NQ9 and 126.577 BTC to bc1qkf…ffm7sf—sparked speculations of creditor reimbursements.
While the transfers might prepare the groundwork for creditors to reclaim their funds, they introduce a looming threat of heightened selling pressure, causing widespread concerns in the crypto space. This move follows a recent transfer of 24,000 BTC by the same exchange, intensifying market apprehension.
Technical Outlook:
Bitcoin’s price dropped to an intraday low of $87,859 before rebounding to near $98,000, following a broader market crash that wiped out over $1 billion in positions.
Key levels to watch include:
- Resistance: $100,000 psychological barrier.
- Support: $94,800 and $92,500, critical to sustaining bullish momentum.
The abrupt dip can be attributed to the liquidation frenzy and external triggers such as Meitu's sale of 940 BTC and 31,000 ETH, which realized $80 million in profits.
BTC's Resilience
Despite recent volatility, Bitcoin’s fundamentals remain robust:
Market Cap: $1.93 trillion, with potential to breach $2 trillion by 2025.
Trading Volume: $159.5 billion in the past 24 hours, bolstered by Binance and other major exchanges.
Key Developments Supporting Long-Term Growth
Bitcoin’s resilience and adoption have been fueled by continuous upgrades enhancing its network security, scalability, and decentralization.
Broader Sentiment: Mixed Yet Optimistic
Despite recent hurdles, bullish sentiment prevails among investors. Marathon Digital’s $850 million convertible note offering for BTC purchases signifies institutional confidence in Bitcoin's long-term potential.
However, the interplay between Mt. Gox’s creditor payouts, liquidation volumes, and evolving market conditions requires vigilant observation.
Conclusion
Bitcoin's journey remains a rollercoaster, shaped by historical milestones and ongoing market dynamics. While the short-term outlook might be turbulent, its robust fundamentals, coupled with consistent upgrades and institutional interest, fortify Bitcoin's position as a leading digital asset poised for a promising future.
As the year closes, market participants should remain cautious, leveraging informed strategies to navigate potential volatility while staying optimistic about Bitcoin's long-term trajectory.
BITCOIN $250K - Get Ready to Get RichHello everyone!
Today, I’m excited to dive into my latest analysis of the Bitcoin cycle, showcased through a weekly view chart that breaks away from conventional wisdom. Rather than adhering to the often-disputed parabolic curves that have been a staple in crypto charts since 2017—curves which have consistently either underperformed or overshot the mark—I'm bringing something different.
My analysis is based on a trend line that I've meticulously tracked since 2013. This line has proven incredibly resilient, never once being undercut as of now in 2024. This steadfast pattern leads me to an ambitious yet attainable target: Bitcoin reaching USD 250,000. This projection suggests more than a doubling from our current position within this cycle’s parabolic phase.
Interestingly, the duration of these parabolic phases has been extending with each cycle:
427 days in 2013,
525 days in 2017,
567 days in 2021.
Based on this pattern, I anticipate the current cycle will span approximately 600 days, concluding around the end of 2025.
I’d love to hear your thoughts and predictions. Where do you see Bitcoin heading in this cycle? Let’s discuss below!
Bitcoin Roadmap==>>Short term!!!Bitcoin ( BINANCE:BTCUSDT ) started to pump up late yesterday with the following three News and the important resistance of $100,000 seems to be broken:
1- Federal Reserve Chair Jerome Powell: Bitcoin is like gold( OANDA:XAUUSD ), not dollars.
2- President Putin says, “Bitcoin, Digital Assets will continue to develop".
3- 'Who's Laughing Now?' NYC Mayor Eric Adams Boasts About Bitcoin Paychecks
⚠️Note: As I said in previous posts, the crypto market has become more dependent on the news and reacts to any development or news in the world, so capital management should be observed more than before.⚠️
Let's now look at the analysis of Bitcoin after yesterday's pump .
Bitcoin is currently moving in the Potential Reversal Zone(PRZ) and near the Support zone($99,600-$98,620) .
According to the theory of Elliott waves , Bitcoin seems to be completing wave 4 , and we should wait for the start of wave 5 . The wave 4 structure is a Zigzag correction(ABC/5-3-5) .
I expect Bitcoin to start increasing again after the end of wave 4 and attack the Resistance line . If the resistance line breaks, it can at least go up to the previous top($104,088) .
⚠️Note: We should wait for Bitcoin to fall further if Bitcoin goes below the Support line and the Support zone($99,600-$98,620).⚠️
⚠️Note: Due to the Sharpie movement of wave 3, BTC may not even create a new All-Time High(ATH) (wave 5 will be Truncated). ⚠️
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
100K+ BTC 30m ANALYSIS 06/12Analysis:
Historical day for BTC, smashing the 100k.
I strongly believe all of December we will see BTC fly to $110K+.
In the analysis I've identified a great potential long position I will be looking to take if price comes back into my supply zone , respects and closes inside or above the SR . This is a great 1:6RR and even in the event price does create a LL below M30 Swing Low I will be looking for more long positions with the same target of M30 Swing High .
If the move is successful I would suggest it will tap our supply zone and should fill the entire position within very few candles.
To consider:
$100K+
FOMO
M30 Swing is LL
Trump and News Speculation
#BTC/USDT Urgent update.#BTC holding steady at support. Will it be a genuine breakout with a retest or just another fake move?
Patience is key, we're waiting for the next few candle closes to confirm the trend.
With no significant resistance here, the market's at a critical point if you zoom out to the HTF.
Stay sharp. I'm holding onto my altcoin positions for now.
IMHO, There's still a high possibility fir BTC to hit $114k.
Invalidation will be a close below $90.2k
DYOR, NFA
#PEACE
BTC Long ideathe last BTC was a little bit ago sorry for the wait, there havent been many opportunities for good rr trades since last time i posted. however now there is. This 8H zone is perfect to continue the long trend of btc with very minimum risk and a lot of potential profit if you trail your stoploss well. i will be looking for confirmation in this 8H SnD with a rather tight SL hoping for at least 1:5 rr to the target, from there i will take a hefty portion off and trail the remaining position. i have developed my own entry criteria and you guys should aswell. if you havent yet developed your own, i highly recommend you do so through thorough back and front testing.
anyways hope you guys like the idea and take the trade with me, let me know if you do end up taking it ;)
A strategy to Trading BitCoin in price discovery areasTrading any asset while its in a price area it has never reached before can be a difficult task. In this video im going to show you how to trade bitcoin while its in its all time high zones and just like any asset, this method will work as well.
Analyzing Bitcoin's Bullish Trajectory: Is $110,000 Achievable? Bitcoin's Bullish Trajectory: A Path to $110,000?
Bitcoin, the world's largest cryptocurrency, has recently shown signs of renewed strength, with 30-day trader profits returning to a "healthy" range. This resurgence of bullish sentiment has reignited speculation about Bitcoin's potential to reach the coveted $110,000 milestone.
The Return of Profitable Trading
After a period of market volatility and declining profitability, Bitcoin traders have once again begun to experience positive returns over a 30-day period. This shift in market dynamics indicates a growing number of traders are capitalizing on the cryptocurrency's upward momentum.
Key Factors Driving Bitcoin's Bullish Run
Several factors are contributing to Bitcoin's bullish trajectory:
1. Institutional Adoption:
o Increased Institutional Interest: A growing number of institutional investors, such as hedge funds and corporations, are allocating a portion of their portfolios to Bitcoin. This institutional interest provides significant support to the cryptocurrency's price.
o Regulatory Clarity: As regulatory frameworks for cryptocurrencies continue to evolve, institutional investors are gaining more confidence in the asset class.
2. Network Upgrades and Scaling Solutions:
o Layer-2 Solutions: The development and implementation of layer-2 scaling solutions, such as the Lightning Network, have the potential to significantly enhance Bitcoin's scalability and transaction throughput.
o Network Upgrades: Regular network upgrades and protocol improvements aim to optimize Bitcoin's performance and security.
3. Global Economic Uncertainty:
o Inflationary Pressures: Rising inflation rates and economic uncertainty have led investors to seek alternative assets, including Bitcoin, as a hedge against inflation.
o Geopolitical Tensions: Geopolitical tensions and global conflicts can also drive demand for Bitcoin as a decentralized and borderless asset.
4. Positive Market Sentiment:
o Bullish Sentiment: A prevailing bullish sentiment among traders and investors has contributed to Bitcoin's price surge.
o FOMO (Fear of Missing Out): As Bitcoin's price continues to rise, FOMO can drive further buying pressure and accelerate the upward trend.
The Path to $110,000
While $110,000 may seem like a lofty target, several factors could propel Bitcoin to this milestone:
• Sustained Institutional Adoption: Continued institutional investment and increased mainstream acceptance can drive significant price appreciation.
• Successful Network Upgrades: Successful implementation of network upgrades and scaling solutions can enhance Bitcoin's utility and attract more users.
• Favorable Regulatory Environment: A supportive regulatory environment can foster innovation and encourage further investment in the cryptocurrency industry.
• Strong Fundamental Factors: A robust economy, low interest rates, and geopolitical tensions can all contribute to Bitcoin's appeal as a safe-haven asset.
Conclusion
Bitcoin's recent price surge and the return of profitable trading activity have reignited optimism among investors. While the $110,000 milestone is not guaranteed, the confluence of favorable factors suggests that Bitcoin has the potential to reach new heights. However, it is crucial to approach cryptocurrency investments with caution, conduct thorough research, and diversify one's portfolio.
The Moment of Truth – New ATH Incoming?The time has come for Bitcoin to challenge and potentially break through its key resistance level. Market sentiment, combined with technical strength, suggests that a new all-time high (ATH) might be closer than we think.
Why BTC Could Break Resistance:
Global Momentum: Increasing institutional interest and macroeconomic factors are supporting a bullish outlook.
Volume and Buyer Strength: Recent trading activity shows strong buyer interest near critical levels, hinting at sustained demand.
ETH’s Time to Shine:
Meanwhile, ETH is poised for a resurgence. After a period of underperformance, ETH is no longer being "crushed" by market pressures. With significant developments in its ecosystem and renewed interest, it’s time for Ethereum to perform better and reclaim its standing in the market.
What to Watch For:
BTC breaking resistance with conviction could signal the start of a broader market rally.
ETH following suit could lead to an impressive recovery and potentially outperform BTC in the near term.
The markets are at a tipping point—let’s see how this plays out!
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Breaking: Bitcoin Surpasses $104k, Eyes on $150k NextBitcoin ( CRYPTOCAP:BTC ) has officially broken through the $100,000 barrier, reaching a new all-time high of $104,000. This milestone, achieved after nearly 15 years since its inception, has not only validated the resilience of the cryptocurrency but also shifted the narrative around its skeptics. Here's an analysis of both the technical and fundamental aspects driving this surge:
Technical Analysis:
Current Price and Momentum: As of now, Bitcoin trades at approximately $102,000, marking a 3.8% increase. The Relative Strength Index (RSI) stands at 71, suggesting the asset is slightly overbought. This could indicate a potential retracement, but the market sentiment remains bullish.
There's an expectation of a retracement to the 38.2% Fibonacci level if selling pressure increases, which would be a normal correction in a strong uptrend.
The daily chart shows signs of a forming golden cross, where a short-term moving average (like the 50-day MA) moves above a long-term moving average (like the 200-day MA). This pattern is typically viewed as a bullish signal, indicating possible continued upward momentum or a reversal to an uptrend.
Future Price Targets: Analysts are eyeing $115,000 as the next psychological resistance, with many predicting a climb to $150,000, driven by increasing institutional interest and market sentiment.
Fundamental Factors
Institutional Adoption: The involvement of hedge funds and institutional investors has significantly grown. For instance, MicroStrategy's stock (MSTR) has seen a surge due to its Bitcoin holdings, now valued at over $40 billion, providing a clear example of institutional confidence in Bitcoin's future.
Regulatory Environment: The election of Donald Trump, known for his pro-cryptocurrency stance, has bolstered investor confidence. His administration's expected regulatory leniency or support towards cryptocurrencies could further drive institutional and retail investment into Bitcoin.
Skeptic to Advocate Transition: High-profile skeptics like Mark Cuban and Jamie Dimon have either shifted their stances or their companies have engaged with blockchain technology, reflecting a broader acceptance of Bitcoin's role in finance. This shift is significant from a fundamental perspective as it indicates changing perceptions at high levels of finance and investment.
Supply and Demand Dynamics: Bitcoin's supply cap at 21 million coins, combined with its increasing adoption, creates a fundamental scarcity that could drive prices higher, especially as demand from diverse sectors like retail, institutional investors, and even nations considering it as a reserve asset grows.
Market Sentiment and Future Prospects:
Market Sentiment: The crypto community and broader financial markets are buzzing with optimism. The narrative has shifted from Bitcoin being a speculative bubble to a legitimate store of value, often likened to 'digital gold'.
Potential Risks: Despite the bullish outlook, there are warnings about potential pullbacks if the current rally reverses. However, the overall market sentiment suggests that any dip might be seen as a buying opportunity by investors looking for long-term value.
Conclusion
Bitcoin's journey past $100,000 underscores not just its technical strength but also its evolving acceptance in the financial ecosystem. The transition of skeptics into either silent supporters or active participants in the crypto space further solidifies Bitcoin's foundational role in modern finance.
With the technical indicators supporting a continued trend and fundamental factors aligning for growth, Bitcoin's ascent to $150,000 looks increasingly plausible, marking another significant chapter in its storied history.
Post-Halving Bitcoin Market AnalysisBitcoin Price prediction after halving:
After the halving, Bitcoin's price typically moved sideways or exhibited a slight bearish trend for 1-3 months in the past three cycles. We can anticipate a similar sideways movement for the next 1-2 months before a significant upward surge. Once the sideways movement concludes, we can expect a robust bull run.
In the past three Bitcoin cycles, the price of Bitcoin has exhibited a bullish trend following halving events. We can anticipate a similar trajectory in this cycle, potentially propelling the price to $200k
Regards
Hexa
