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Bitcoinprediction

Is the Correction Over?In each cycle, from the bottom to the high in the pre-halving rally, #BTC has seen an increase of 330%-370%, followed by a minimum correction of -38% or, with the exception of the rule (pandemic), -62%. At this moment, a 38% correction means a price of $45,700, while a -62% correction means $27,900. However, I don't think we will see such a large correction now. #Bitcoin could drop below the $50k zone as there is a lot of liquidity waiting to be taken from there. The price from here could have reactions, but I don't think it will make a new ATH from the low at $53,700.
BNC:BLXLong
by TraderX10101
1
BTC/USDT Outlook ICT Concepts💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on BTC/USDT , dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 🔍 Identifying Key Levels Previous Month High (PMH) : The highest price level from the last month, often a key resistance point. Previous Week High (PWH) : The highest price level from the last week, acting as short-term resistance. Previous Month Low (PML) : The lowest price level from the last month, serving as strong support. Buy Side Liquidity (BSL) : Areas with clustered buy orders, leading to quick upward moves when hit. Sell Side Liquidity (SSL) : Areas with clustered sell orders, leading to quick downward moves when hit. SSL has recently been taken out. Order Block (OB) : Zones of price consolidation, acting as support or resistance. Fair Value Gap (FVG) : Imbalance gaps between buyers and sellers, often targeted by price. Currently, the price is stuck in a bearish FVG. Daily Order Block (Daily OB) : Significant zones on a daily time frame, acting as strong support or resistance. 📉 Current Price Action The price has taken out the PML and SSL, indicating significant sell orders have been filled. The price is currently in a bearish FVG. 🔄 Bearish Scenario If the bearish FVG holds, expect continued downward momentum. Watch for lower time frame confirmations to reinforce the bearish bias. 📈 Bullish Scenario Considerations For a bullish reversal, the bearish FVG needs to be disrespected. Key factors: FVG Breach: Breaking above the bearish FVG suggests a reversal. SMT Confluence: Lower time frame SMT adds to the bullish case. 🔎 Lower Time Frame Confirmation SMT (Smart Money Technique): Use lower time frames for SMT to confirm bullish positions. Align SMT with a breach of the FVG for stronger confirmation. 📊 Chart Analysis Summary SSL Taken Out: Indicates a potential bottom. Bearish FVG: Critical for determining continued bearish momentum. FVG Disrespect: Necessary for a bullish reversal. Bullish Confluence: Lower time frame SMT supports potential reversal if FVG is breached. 🙏 Thank you for joining us! Exploring BTC/USDT today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
by RealArmin
5
#BTC Short Update!#BTC: Holding Strong Within the Box and EMA The anticipated bounce occurred within the expected region, reaffirming our position. Now, it's crucial to observe the weekly close for more clarity. IMHO, avoiding FOMO and waiting for clear reversal signals is wise before making any moves. Will share the weekly chart later today for the exact price levels which BTC needs to reclaim. Let me know what you think in the comment section and please hit the like button if you find my updates helpful. Thank you #PEACE
by Cryptorphic
1
Bottom in zone , first target .Evening friends, mastershark here . Last ta i gave you two scenarios for bullrun start which we are hitting the lower surface one . Here’s my opinion about how we touch the bottom line and how we react, there’s two boxes as support which I drew them with fibo and timetrend assistance, I believe that the red blood will be finished in a short time and we enter up only pace . It might takes two weeks or less and i do believe that one of the supports I drew could be reversal levels . In the first scenario we already hit the bottom and nothing to worry a out , second scenario which is possible is to hit 48k lvl as the last shakeout . My first target would be close to 150k which is 4.236 fib level . Stay safe and dyor fam
INDEX:BTCUSD
by mastershark
1
BITCOIN ( UNDER TURNING LEVEL ) ( 4H )BITCOIN HELLO TRADER S Tendency the price trade below turning level at 56,752 , indicates is under bearish pressure TURNING LEVEL : a blue line between resistance and support level around 56,752 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level RESISTANCE LEVEL : there is a black line around 59,383 , indicates selling have already increase this level , so if the price breaking turning level reach this level SUPPORT LEVEL : there is a red line below turning level around 54,488 , indicates buying have already increase this level , so if the price stable below turning level reach this level PRICE MOVEMENT : first the price will trying to rising a turning level around 56,752 , after dropping to the support level around 54,488 , then stable below this level reach 52,454 , if the price breaking turning level reach a resistance level by 59,383 , then stabilizing above this level reach a 63,383 TARGET LEVEL : RESISTANCE LEVEL : 59,383 , 63,383 SUPPORT LEVEL : 54,488 , 52,454
BITSTAMP:BTCUSDShort
by ArinaKarayi
1
$BTC - SHOULD WE BUY OR SELL BITCOIN 2024?Let's face the truth which is Bitcoin moves on big whales' decisions ( Exchanges, Companies & Governments ). To sell a big amount of Bitcoins, you have to handle a buyer ( a Whale ) to negotiate the price and of course it all happens on exchanges. Most of small traders and investors have no idea of what will happen next months, all the data is being handled between exchanges and companies, so we are trying to forecast what will happen with the Bitcoin prices in the next months, and guess what, we could fail and stuck with highest prices for the next years ( I mean the next Bitcoin Halving 2028 ). If we take a look on monthly Bitcoin chart, we see big pumps and dumps. The big dumps happened when Bitcoin had crossed up 65,000 levels ( I mean the real confirmed orders NOT bots ) and The demand increased when Bitcoin had crossed down 30,000 - 25,000 levels. What We Expect: Big pumps and dumps will happen as a SNAP at unexpected time. Who bought at 15,000 and 24,000 levels needs to confirm their profits in USD. We could see Bitcoin at 100,000 supported with small orders ( Bots ) but the real buyer have a big order at 65,000 - 50,000 levels, so catching these orders are profitable for the sellers who bought at 16,000 - 22,000 levels. Eventually, Bitcoin is the backbone of crypto market. It will back to below 40k levels not for me or you but for the liquidation to start a new cycle. If you are a long-term investor , wait the lowest prices below 40,000 levels. If you are a pro-trader , you can do scalping trading while Bitcoin above 40,000 at your own risk. Have a good day and don't invest more than you can afford to lose.
by b4sk
2
Bitcoin- The Good, The Bad and The UglyAs I mentioned in my previous posts, I am bullish on Bitcoin and expected a break above $71,000 with a rise to at least $85,000. However, I always consider multiple scenarios. In this post, I want to discuss all the potential outcomes I foresee. The Good Scenario: As shown in the chart, although the price dropped again from the all-time high resistance, the bulls have strongly defended the $67,000 support level that I've been emphasizing. If the price recovers and reaches the resistance level again, it is likely to break above, targeting at least $85,000. The Bad Scenario: In this scenario, the bulls fail to defend the $67,000 support zone. If this happens, the price will likely drop to the $60,000 zone. The Ugly Scenario: In this scenario, all the price action since mid-March could be viewed as a long distribution phase. If Bitcoin also loses the $60,000 support, we could see a significant decline, potentially down to around $45,000.
BITSTAMP:BTCUSD
by Mihai_Iacob
11
Bitcoin establishes new support level around previous ATH closeMany people have been losing sleep over the Bitcoin price action so I wanted to provide some technical analysis to show where we're possibly headed. I have a theory with data to back it up. If history repeats itself I believe Bitcoin has established a new baseline support level around $55k. If you take a look at the Bitcoin chart on an 8-week time interval going all the way back to 2015, you can see every new all time high has a similar period of around 3 years of retracing back to the same level, before breaking through it again. Then after breaking the previous all time high, a new support level is established and price doesn't drop below the newly established support level. On this 8-week chart the previous all time high candle didn't close above $55k in August 2021. So, we have had almost 3 years of retracing back to this level and finally broke through it in Feb 2024. If my theory is true and history repeats itself, I don't believe we will see Bitcoin fall below $55k as this has become the new baseline support level. *Of course, I could be wrong. Just a theory, not financial advice.
COINBASE:BTCUSDLong
by joyfuldad
1
Bitcoin: We are at Bottom!Bitcoin's price has been moving inside a range for the last 125 days. Today, the price touched the 200 EMA and the bottom of the range, which can be considered a good support level for Bitcoin. During the early stage of the previous bullish move, Bitcoin's price remained within an accumulation range for 210 days before making a significant bullish move. This time, we can expect a similar pattern, with the price likely continuing to move inside the accumulation range for the next 1-2 months. Bitcoin's price moves sideways at the bottom of the accumulation range for the next few days, then we can expect a gradual upward move. Once the price breaks out of the accumulation range, we can expect a significant upward move.
Long
by HexaTrades
2
#BTC/USDT Broke the support, Next move explained!Welcome to this Idea on Bitcoin. As speculated in my previous update, the price was unable to break the 100 EMA, resulting in a rejection and subsequent decline. Now, $56,452 appears to be the next significant level to monitor. The 200 SMA on the daily chart is also crucial, with the price currently trading around this level. Let's observe if this support holds. It's important that funds currently in meme coins shift to stronger assets, as they are siphoning liquidity from the market. Patience is key here. I've posted over 30 altcoin charts in the last 8 days, and prices are gradually moving towards accumulation levels. If this cycle mirrors previous ones, the current market depression will soon end. We just need to stay vigilant and look for opportunities. **BONUS:** Use the 245 EMA to plot market bottoms on lower time frames (LTF) in the daily chart. It's very useful—try some backtesting. If you like my content, please hit the like button and share your views in the comments section. Thank you. #PEACE
by Cryptorphic
3
Technical Analysis for Bitcoin (BTC/USDT) with trade plan Technical Analysis for Bitcoin (BTC/USDT) Overview: The chart indicates that Bitcoin (BTC/USDT) has formed a falling wedge pattern, which is typically a bullish reversal pattern. The price has recently hit a second bottom within the wedge and is showing signs of a potential breakout. Key Levels: Support Levels: Immediate support around $58,000. Stronger support at the lower boundary of the wedge around $55,000. Resistance Levels: Immediate resistance around $60,000. Major resistance at $62,500. Target resistance levels at $67,500 and $72,500 after a confirmed breakout. Indicators: Volume: Volume is relatively steady, with potential for an increase during breakout attempts. Market Cipher B (MCB): The MCB indicator shows a potential divergence and has bottomed out, suggesting a potential reversal. Relative Strength Index (RSI): RSI is currently around 29.65, indicating oversold conditions and a potential for upward movement. Stochastic RSI: Stochastic RSI is showing a bullish crossover, indicating a potential for upward price movement. Trading Plan: Intraday Trading: Entry: Look for a bounce from the immediate support around $58,000 or a confirmed break above $60,000. Stop-Loss: Place a stop-loss slightly below the support at $57,500. Targets: First target at $60,000. Second target at $62,500. Scalping: Entry: Enter long positions on small pullbacks or breakouts above key resistance levels (e.g., $58,500 and $60,000). Stop-Loss: Tight stop-loss around $57,800. Targets: First target at $59,500. Second target at $60,500. Exit positions quickly if momentum slows. Swing Trading: Entry: Wait for a confirmed breakout above the falling wedge, ideally above $60,000. Stop-Loss: Place a stop-loss below the recent swing low at $55,000. Targets: First target at $67,500 (mid-term resistance). Second target at $72,500 (long-term resistance). Conclusion: The current technical setup for Bitcoin suggests a potential bullish reversal with a possible breakout from the falling wedge pattern. Intraday and scalping strategies should focus on key support and resistance levels with tight stop-losses. Swing trading offers a more significant upside potential if the breakout above $60,000 is confirmed. Monitoring volume and price action closely around these levels will be crucial for making informed trading decisions. Advice for Long Position: Confirmation: Ensure a confirmed breakout above $60,000 before entering long positions. Risk Management: Use appropriate stop-losses to manage risk effectively. Targets: Aim for targets at $67,500 and $72,500 for swing trades, adjusting stops as the trade progresses. By following this plan and keeping an eye on market conditions, traders can capitalize on the potential bullish reversal in Bitcoin.
Long
by elfabiiani