Bitcoin last move.I don't intend to create #FOMO but Microstrategy plans seeking for a 42 Billion dollars and possible dell founder buying #BTC, this wave count is not impossible.
Bitcoinprediction
Retail and pros diverge while bitcoin mulls $100kBitcoin is tantalizingly close to the elusive $100k target - a level which has been thrown around, literally for years, by bitcoin visionaries. And it looks like it will finally get there. Yet with prices rising while real-money accounts derisk from the original-flavoured crypto currency, which crowd should we follow?
MS
Bhutan’s $33M Bitcoin Sale – What’s Next for BTC?In a major move that has captured the crypto world’s attention, Bhutan’s government has offloaded $33 million worth of Bitcoin ( CRYPTOCAP:BTC ) through Binance. This sale comes just weeks after the country’s previous $66 million BTC sell-off. As Bitcoin hovers near all-time highs at around $91,000, the Royal Government of Bhutan appears to be taking profits, which is influencing the broader crypto market sentiment. This article delves into both the technical and fundamental aspects shaping Bitcoin’s next moves as whales offload and accumulate, with a potential BTC milestone of $100,000 looming.
Bhutan’s Profit-Taking & The Whales’ Game
According to Arkham Intelligence, the Royal Government of Bhutan recently moved over 367 BTC, valued at $33 million, to Binance, capitalizing on Bitcoin’s rally after it touched a high of $93,000. Bhutan’s activity in the Bitcoin market signals a strategic profit-taking move, potentially a wise decision in a highly volatile environment.
But Bhutan isn’t alone in its CRYPTOCAP:BTC strategies. Over the past week, other Bitcoin whales have collectively accumulated over 100,000 CRYPTOCAP:BTC , revealing a balanced dynamic where one faction is securing profits while another continues to build positions for the anticipated bull cycle. This mixed whale sentiment could create temporary selling pressure, but it also underscores confidence in Bitcoin’s long-term potential.
Interestingly, the United States may soon adopt an even more active role in Bitcoin acquisition. Under a proposal by pro-crypto Senator Cynthia Lummis, the U.S. government could acquire 1 million BTC annually over five years, with former President Donald Trump proposing a Strategic Bitcoin Reserve. This government-level activity suggests a significant endorsement of Bitcoin as a strategic asset.
Technical Analysis
As of this writing, Bitcoin is up 1.31%, trading at approximately $91,000. Over the last few weeks, CRYPTOCAP:BTC has navigated a symmetrical triangle pattern, a technical setup indicating consolidation before a potential breakout. Recently, BTC broke above the rising trend channel formed by this triangle pattern, signaling bullish momentum.
However, with Bhutan’s latest sell-off, traders may react to this profit-taking by adopting a cautious stance, which could lead to a price correction. If CRYPTOCAP:BTC retraces, it’s likely to find support around $84,000, a critical level identified by analysts as a consolidation floor.
Beyond this immediate outlook, the $100,000 milestone remains within reach. Many traders and analysts view this psychological level as the next major target, especially if the ongoing accumulation trend by whales persists. The broader crypto market capitalization has rebounded from a low of $2.99 trillion to its current level near $3 trillion, underscoring the market’s resilience despite recent sell-offs.
What’s Next for Bitcoin?
Bhutan’s sale of $33 million in BTC represents a potential short-term headwind for Bitcoin’s price. Crypto analyst Ali Martinez also anticipates a price correction, driven by profit-taking and an influx of selling pressure. However, the fundamentals of the market, including whale accumulation and the broader institutional interest in CRYPTOCAP:BTC , remain strong.
For traders, the key levels to watch are the $84,000 support and the psychological $100,000 resistance. A sustained rally toward $100,000 could lead to another round of institutional interest and further accumulation by whales, solidifying Bitcoin’s position in a long-term bull run.
Conclusion
Bhutan’s profit-taking reflects a strategic approach to Bitcoin’s ongoing rally, with the government banking on BTC’s parabolic price rise. While this move could trigger a brief price correction, accumulation by other whales and ongoing institutional interest suggest that any dips may be short-lived. With Bitcoin close to reaching the historic $100,000 level, the coming weeks are poised to be crucial. As whales continue their moves, keeping an eye on these key technical levels will be vital for traders looking to capitalize on Bitcoin’s next leg up.
BTC Next Move? Read Cheat and captionBINANCE:BTCUSD you can see in the chart when bitcoin breaks parallel channel bitcoin gives a move of 10k now again parallel channel build in btc most probably it will break down next move we can see near 81000
Is Bitcoin's Bullish Momentum Sustainable? A Detailed AnalysisBitcoin, the world's largest cryptocurrency, has been on a tear recently, with prices surging to levels not seen in years. This article delves into the key factors driving this bullish momentum and explores the potential implications for the cryptocurrency market's future.
The Bull Flag Formation: A Technical Analysis Perspective
A key technical indicator that has caught the attention of analysts is the formation of a bull flag pattern on Bitcoin's price chart. This pattern is characterized by a sharp upward move, followed by a period of consolidation within a descending trendline. Once the price breaks out of this flag, it often leads to a significant upward move.
First Mover Americas highlighted Bitcoin's flirtation with the $90,000 level, emphasizing the volatility of the market. Such price swings are common in cryptocurrencies, particularly during periods of high momentum.
The Role of Retail Investors
While institutional investors have been a major force in the crypto market, retail investors, often referred to as "shrimps," have also played a crucial role in driving Bitcoin's recent rally. These shrimps have been actively accumulating Bitcoin, even as whales have been offloading their holdings. This suggests that retail investors are increasingly confident in Bitcoin's long-term potential.
Overheating or Sustainable Growth?
A common concern among investors is whether Bitcoin's rapid price appreciation is sustainable or if it is a bubble that is about to burst. Key metrics like the Hash Ribbons Indicator can provide valuable insights into the health of the Bitcoin network. The indicator, which tracks Bitcoin's hash rate's long-term and short-term moving averages, has recently crossed over, signaling strong miner confidence. This bullish crossover has historically been followed by significant price increases.
Furthermore, Bitcoin's Weekly RSI (Relative Strength Index) has entered the overbought zone, indicating that the asset may be overvalued in the short term. However, the last time the RSI reached this level, Bitcoin surged by over 80%. It's important to note that technical indicators should be used in conjunction with fundamental analysis to make informed investment decisions.
The Impact of Increased Trading Volume
The surge in Bitcoin's price has been accompanied by a significant increase in trading volume. This increased activity, driven primarily by retail demand, has further fueled the rally. As more and more investors flock to the cryptocurrency market, the demand for Bitcoin is likely to continue to grow.
Conclusion
Bitcoin's recent bull run has been fueled by a combination of technical factors, strong investor sentiment, and increased retail demand. While the cryptocurrency market is inherently volatile, the underlying fundamentals of Bitcoin remain strong. As the network matures and adoption grows, Bitcoin's long-term prospects appear promising.
However, it's essential to approach cryptocurrency investments with caution. Investors should conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
Bitcoin trend analysis and prediction (crash)The yellow line represents the projected trend of Bitcoin's movement.
Bitcoin will rise to around $96,000 after a minor price drop and then experience a major crash. This crash could potentially bring the price down to as low as $30,000 to $35,000.
#BTC/USDT hiTS $93K What's next? Urgent Update! Bitcoin is straightforward: Watch for liquidity around $88,083 and $89,696 on the hourly chart. These are critical levels for the bulls to defend.
With no significant resistance, a move to the $100K mark seems likely. However, since everyone is eyeing $100K, we might not reach it as quickly as expected.
BTC has enjoyed a massive rally over the past few weeks and may need a halt, but you never know!
Invalidation: a close below $85,314.
Let me know your thoughts in the comments!
#PEACE
I'm starting to sell BTC. Here is my planIn my previous BTC analysis, I mentioned my belief that Trump would win the election, potentially driving BITSTAMP:BTCUSD to a new all-time high. However, I don’t expect this surge to lead to a sustained bull market. Instead, I anticipate this to be an emotional reaction, with prices likely falling after a few days.
Now, with BTC trading above $80,000, I’m preparing to build a short position. Here’s my strategy:
Since there are no clear resistance levels above this point, I plan to make my first short sale at $82,000 and the next at $87,000, giving me an average entry of $84,500. I’ll set my stop-loss at $89,500, and my target is $74,500, aiming for a 1:2 risk-to-reward ratio.
I acknowledge that this trade is based more on intuition than on solid technical analysis, and I’m fully aware that it goes against the prevailing strong uptrend.
My rationale is that if BTC were to reach $100,000 in a sustained move now, without a solid drop before, it would be “too easy”—perhaps even too expected by all the traders.
And if I’m wrong, well, we can’t win them all, and I’ve already accounted for the potential loss in my outlook.
Bitfarms $BITF swing long term analysis Weekly demand imbalance is playing out as expected on BitFarms stock. A new imbalance is being created again around $2. Clear long term trade opportunity playing out with #bitcoin breaking all-time high.
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!
Bitcoin Analysis==>>Where is the End of the Rally!?Bitcoin ( BINANCE:BTCUSDT ) was able to start a new rally after breaking the upper line of Descending Broadening Wedge Pattern .
Bitcoin is moving near the Potential Reversal Zone(PRZ) , the Resistance lines , the middle line of Pitchfork , and the Time Reversal Zone(TRZ) .
According to the Elliott wave theory , Bitcoin is near to completing the Main wave 5 in PRZ .
Also, Regular Divergence(RD-) between Consecutive Peaks in MACD and RSI Indicators .
I expect Bitcoin will decrease after touching the Resistance lines to fill the important CME Gap($77,360-$80,670) .
⚠️Note: We can expect more pumps if Bitcoin breaks the Potential Reversal Zone(PRZ) ⚠️==Low possible.
What is your idea of Bitcoin being able to touch $100,000 during the current week❗️❓
Bitcoin Analyze (BTCUSDT), Weekly time frame⏰.
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.
🔔Be sure to follow the updated ideas.🔔
Well $BTC hit my second dip early but didn’t hit the first! This is proving to be much more GRAND than I expected the INFLOW of $ into CRYPTOCAP:BTC spot ETFs and from Alt coins moving less.
But really so much shock and awe is coming! People will continue to buy this retail. And it won’t stop until Christmas is WELL OVER! Don’t short yourself a loss here! If your a day trader go for it but I’d be just Long on small Term trades. Anyway! good luck all and well DONE HODLERS!
BITCOIN UPDATES MOMENTUM AHEADWe see 80k today, now Im expecting a higher price more than 90k-95k.
but we must test back to 71-72k first,to manipulate the Longs or what we called the breakout traders, at the same time to expect the short sellers for believing it might go lower.?
This idea base on my understanding and
FIBONACCI on the test of the previous highs.
Im expecting a 4.25 FIBS. above, like 95k or higher.
This is not a financial advice, were closing the year expect it good rally, we see next year for the next chart.
This is my quant of higher idea.
Follow for more
BITCOIN Weekly Chart Targets Massive $129,500!!BTCUSDT Analysis:
The Bitcoin Weekly Chart is setting the stage for a monumental move with TP1 already achieved, and all eyes now on the higher targets. The final target of $129,582.3 suggests the potential for a historic rally as technical indicators and market sentiment align in favor of the bulls.
BITCOIN Trade Overview:
Entry: $67,957.6
Stop Loss (SL): $58,435.8
INDICATOR USED: Risological Swing Trader
BITCOIN LONG TRADE TARGETS:
TP1: $79,726.4 ✅
TP2: $98,769.9
TP3: $117,813.4
TP4: $129,582.3
Key Observations:
Weekly Breakout: Bitcoin's weekly chart shows a significant breakout from key resistance levels, with strong momentum driving prices higher.
Moving Averages Cross: A bullish cross of the moving averages underpins the ongoing rally, signaling sustained buyer strength.
Market Sentiment: Bitcoin is riding a wave of positive sentiment, bolstered by institutional interest and increasing adoption narratives.
BTC Outlook:
Bitcoin’s momentum on the weekly timeframe suggests a continued rally towards TP2 and TP3, with the possibility of reaching TP4 under strong market conditions. Traders should monitor weekly closes to confirm the rally's sustainability, while maintaining risk management strategies.
Conclusion:
Bitcoin’s long-term technical setup is firing on all cylinders. With TP1 already hit, the path toward the final $129K target could unfold as momentum builds. This is a trade that will be remembered for years to come!
BITCOIN Surges on 4H Chart – Is This the Trump Effect? BITCOIN (BTCUSDT) Analysis:
Bitcoin (BTCUSD) has delivered a stellar performance on the 4-hour timeframe, breaking through key resistance levels and smashing all targets in a stunning rally. Powered by the Risological Swing Trader, this trade showcases how technical precision meets market momentum for outstanding results.
Trade Summary:
Entry: $78,291.3
Stop Loss (SL): $76,997.5
Targets Achieved:
TP1: $79,890.4 ✅
TP2: $82,478.0 ✅
TP3: $85,065.6 ✅
TP4: $86,664.8 ✅
What’s Driving the Rally?
Market Sentiment: Speculation on potential macroeconomic shifts and regulatory developments has contributed to Bitcoin’s renewed upward momentum.
Is It the Trump Effect? Rumors linking political catalysts to financial markets have spurred speculation of increased demand for alternative assets like Bitcoin, further fueling its price surge.
Technical Precision: The Risological Swing Trader’s signal at $78,291.3 gave traders the perfect entry, leveraging clear risk management with a favorable risk-reward ratio.
Key Takeaways:
Green Trendline Support: Bitcoin followed a steep upward trajectory, supported by the robust trendline.
Volume Confirmation: Strong buying volumes confirmed the breakout, validating the upward movement.
Momentum Continuation: Higher highs and consistent bullish candles signal a continuation of this rally.
Conclusion:
Bitcoin’s remarkable rally has hit all targets, with the Risological Swing Trader proving its reliability once again. Whether it’s market sentiment or political influences like the "Trump effect," BTC remains the center of attention. For traders and investors, the key is to ride the trend while keeping an eye on potential reversals.
Namaste!
What is next for BTC?Hi, it has been a long time since my last post but I feel like I should give my thoughts in the future of BTC.
I believe the we will see the same pattern that we had in the 2021 bull run and BTC could potentially hit a new ATH this year. I don't think we will have the strenght to reach 100K but 80K BTC can be done. If this is your first bull run I advise you to trade carefully since the bottom of BTC might still come before the next leg up. In the previous bull run we started strong in the first few months and then slowed down in June and July. I think the same will happen this year (first BTC and then altcoins). If my predictions are correct I will post a BTC chart when its time to sell. Comment what you think and follow please!
Note: This is not financial advice, trade carefully.
We are very close to a full blown out bullrun in 2025"The whole model consists of 5 submodels:
0. Days t since GB to normalized blocks h = Blocks/210k piecewise linear transformation (Preliminary step).
1. Power Law (log-log linear regression) over h. BTC = h^5.4*10^1.5
2. Diminishing return bands. -0.79^(h+0.9)<deviation of Log10(BTC) from the Log10 of the PL <+5/3*0.79^(h+0.9)
3. Harmonic oscillator with diminishing amplitude. Sin(2pi*h)
4. Time delay learning curve G(h)/2pi.
5. Lines and zones inside the bands.
That is all. Nothing else! Just verify the math."
Leo Heart
Bitcoin is forming a big cup and handle and headed to 90kWhat a strange coincidence to Gold and previous cycles.
It's a good idea to review the Schedule of Releases for the Consumer Price Index, the next one is May 15th
I just sold all my bitcoins after this huge rally that shows noI just sold all my bitcoins after this huge rally that shows no significant volume... the correction on BTC and ETH will be brutal. OR NOT hahaha
It's often a cautious move to exit positions when a significant price surge lacks strong volume, as it can signal a weaker foundation for sustaining the rally.
This can indicate that the market is being driven more by speculation than by robust buying pressure. If a correction does come, it might shake out weaker hands quickly and reset the market with more sustainable trends.
BTC - TARGET REACHED | REPLAY from OCT 2023 - NOWIt is with GREAT pleasure that I say, cheers to you and all the bulls that didn't believe the ATH was in after 74k in March! Although it may seem like I've been a perma-bull, there's been short-term bearish updates throughout the year - let's walk through it and see for yourself!
I will say this, there was a moment when I thought it might happen sooner, but generally I did repeatedly say I plan for the new ATH during December. Close enough!
It is incredibly rewarding to see the entire process playout as I speculated - based off of facts and many hours of analysis and charting since 2017. It all contributed, and makes a world of a difference.
I need some time to plan the next move from here, it will take some time to observe the top out - so keep following!
________________________
BINANCE:BTCUSDT
Bitcoin Roadmap!!!==>>Short term!!!Bitcoin ( BINANCE:BTCUSDT ) created a New All-Time High(ATH) over the weekend. In your opinion, how far will this upward trend of Bitcoin go!?
Because Bitcoin has never had a price history before, analyzing its end is a bit complicated. Of course, I will try to find the end of this Sharpie movement with technical analysis tools and On-chain data .
Bitcoin has been moving in the Ascending Channel on the 15-minute time frame for the past two days .
According to the Elliott wave theory , considering that Fear Of Missing Out(FOMO) is in the market, wave 3 has been extended . It seems that the Upper line of the Ascending Channel and Potential Reversal Zone(PRZ) can be the end of the main wave 5 . Then, wait for the correction. I expect this Bitcoin Sharpie correction to happen if the correction starts.
Fundamental Conditions of Bitcoin:
1-The Fear and Greed Index is in the Extreme Greed Range, and Bitcoin's movements are showing this very well.
2-The Funding Rate for Long positions is very high and in the risk range. Anyone can log in anywhere😂.
3-Open Interest is in the maximum range and can be a warning to start correction in Bitcoin.
4-Lower prices are attractive areas for liquidating long positions.
5-100% of Bitcoin wallets are in profit.
6-I consider the fact that all the famous people in the cryptocurrency market talk about the higher price of Bitcoin, for example, 200 thousand and 300 thousand dollars soon, a warning because whenever these people talk about these goals, Bitcoin has been corrected after some time. So, according to your strategy and capital management, enter the financial markets, especially crypto, which is more risky.
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Finally, I expect Bitcoin to correct to at least $80,000 after breaking the lower line of the ascending channel and the Support zone($81,850-$81,500) .
⚠️Note: We can expect more pumps if Bitcoin breaks the Potential Reversal Zone(PRZ) ⚠️
🙏Note: This is only a personal analysis; please follow your strategy and respect all ideas.Thanks🙏
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.
Is Institutional Demand Driving Bitcoin's Surge to $82,000?
Bitcoin, the world's largest cryptocurrency, has once again shattered records, surpassing the $82,000 mark. This significant milestone, achieved over the past 30 days, represents a remarkable 30% increase in value. The surge in Bitcoin's price is largely attributed to growing institutional interest, particularly evident in the booming Bitcoin ETF market.
Institutional Adoption Fuels the Rally
One of the primary drivers behind Bitcoin's recent bull run is the increasing adoption of Bitcoin by institutional investors. These large-scale investors, such as hedge funds, pension funds, and corporations, are recognizing the potential of Bitcoin as a valuable asset class.
A prime example of this institutional interest is the BlackRock Bitcoin ETF (IBIT). Since its launch, IBIT has attracted substantial inflows, with a recent daily inflow reaching a staggering $1.12 billion. This influx of capital from institutional investors has significantly contributed to the upward momentum of Bitcoin's price.
Unpacking the Demand Dynamics
To better understand the forces driving Bitcoin's price surge, it's essential to examine the various factors contributing to the increased demand:
1. Institutional Investment: As previously mentioned, institutional investors are increasingly allocating a portion of their portfolios to Bitcoin. This institutional buying pressure has a substantial impact on the cryptocurrency's price.
2. Retail Investor Enthusiasm: Retail investors continue to show strong interest in Bitcoin, particularly during periods of market volatility. This retail demand can further amplify price movements.
3. Global Economic Uncertainty: In times of economic uncertainty, investors often seek alternative assets like Bitcoin as a hedge against inflation and currency devaluation.
4. Technological Advancements: Ongoing advancements in blockchain technology, such as the Lightning Network, are enhancing Bitcoin's scalability and transaction speed, making it more attractive to users.
5. Regulatory Clarity: Increasing regulatory clarity in major jurisdictions is boosting investor confidence and facilitating institutional adoption.
The Road Ahead for Bitcoin
While Bitcoin's recent price surge is undoubtedly impressive, it's crucial to approach future price predictions with caution. The cryptocurrency market is highly volatile, and factors such as regulatory changes, macroeconomic conditions, and technological developments can significantly impact Bitcoin's price trajectory.
However, given the strong fundamentals and growing institutional interest, many analysts believe that Bitcoin's long-term outlook remains bullish. As the cryptocurrency ecosystem continues to mature and gain wider acceptance, Bitcoin could potentially reach even higher price levels in the future.
Conclusion
Bitcoin's recent breakthrough to $82,000 is a testament to its growing dominance in the cryptocurrency market. The surge in institutional demand, coupled with other positive factors, has propelled Bitcoin to new heights. While future price movements are uncertain, the long-term potential of Bitcoin remains significant, making it an asset worth monitoring for investors seeking exposure to the digital asset class.
