$MSTR tricky path to $3000+?This looks like the most interesting long setup in crypto mining should the opportunity present itself.
In the short term, I think price will likely continue up into the $1400-1500 range. If price can't break through that level, I think it'll be a great short.
If you look at the correction so far, we've only had 2 legs down, I think the 3rd is yet to come which will bring us into the sub $1000 support zone.
If we get down there, I think that'll create a great buying opportunity and price should surge higher into the $3000+ resistance level.
So if you buy the bottom and sell towards the top, there's 3x gains to be had.
I'll likely play this in both spot and options as there will be great money to be made if you can time this well.
Good luck.
Bitcoinprediction
Back at the 100x longIt looks like btc is bouncing off key support at 56500-59500 usd. Key resistance is now at 72-74k. It has stayed in this trend from going in between these zones since late February (last 4 months). The RSI was also oversold at both 4H and daily. We are now looking for the MACD to flip bullish at higher timeframes 4H-1D (it is already bullish at 1H). When btc confirmed support (looking to at least get a bounce) and broke out of the downward sloping trend. I went in with a 100x long. The trade has been made risk free and I will move my stop loss into more profits (usually under the last bottom) as prices keep rising. Btc and the S&P500 index is also related and the S&P500 index is reversing and has some nasty gaps to fill. I predict that this index will get a correction of at least 7%. This is bullish for bitcoin! But let me tell more about the current trade. The worst possible scenario at the time of writing is that I get a 152% ROI and the best that can happen is that I make a 2000% ROI. This is a good position to be in if you ask me. I will make money regardless!
BTC Long Take Profit Opportunity🚀 CRYPTOCAP:BTC & CRYPTOCAP:ETH Pumping on GOOD News! 🚀 Volume is surging, and this is a bullish sign. 💪
🤔 Can we reach $63.7K before a retracement? I'm eyeing that level to take profits on 50% of my #Bitcoin long. 🎯
Remember, this is NOT financial advice. Do your own research and trade responsibly. 🧠
#Crypto #Trading #NFA
25/6 update to yesterday update: BTC 9:00 UTC-4 18/6/2024 Short Hello everyone,
looks like yesterday's call: "In my opinion, there is still potential to move to Lower prices, but we need to take a close look at how the price will behave around 1M ATH Close price @ 61.375$. If we are able to blast through it, my next expected target would be 58.500$."
- comes to fruition once again. Extra 5% in the bag for those who stuck with trade at least partially.
So what's Next?
As we can see, after we arrive at our target 58.500$ we got immediate bounce back to the price I told you to keep an eye on. Reason Why I already mentioned several times in my previous posts.
As for my next trade, I can still see odds in favor of continuation to Lower price targets - 58.500$ again and depending on How it will act around that price on a 1-5-15min chart determine if we can see further bleeding or we bounce and revisit Higher price.
So for now, I'm of the opinion that if we reach around 61.375$ to 61.500$ again it would be still a great Short entry area. Having in mind that I will be using STOP LOSS around 61.850$ as protection in a case I'm WRONG and we go to the "bounce target" I mentioned yesterday which is around 63.8k$-64.2k$. If that happens, that would be my New Short Entry area.
Good luck in your trading
Joe
Bitcoin to $100kIn October 2025, I think Bitcoin will hit $100k before retracing back to around the $60k mark (previous highs become new resistance).
Over the last few cycles, we can see a pattern form -- highlighted by the coloring of the squares that make up each period in the cycle. There are three such periods.
The purple box is the draw-down from the previous high a.k.a. the fear cycle. The yellow box is mid-cycle, where buying pressure starts building and we have several large shorter-term retracements. The green box is the greed cycle -- when everyone and your grandma wants in.
We're still in the yellow, which means there's a strong possibility of returning to the $50k or even $40k levels in the shorter term.
I predict the top of this bull run will be somewhere between mid-October to mid-November 2025, which means there is still plenty of time to keep buying.
Good luck!
Bitcoin- Could it be so simple?Yesterday, Bitcoin dropped to the crucial 60k zone and, after briefly dipping below it, quickly reversed.
Although this is a positive sign from a technical standpoint, could it really be that simple?
In my opinion, it will not be that simple.
In fact, looking at the chart, we see that Bitcoin has formed a double top pattern with the neckline just below the 60k zone.
A break below this level of support could lead to panic, causing Bitcoin to drop below 50k, where real liquidity lies.
#Bitcoin Urgent Update!#Bitcoin just hit the yellow box, validating this chart with 100% accuracy.
Lesson: Charts don't lie!
$60k is a crucial support level, but there's significant liquidity around the $57k mark.
I've been cautioning against leveraged trading for weeks. If you've dabbled in it, you know the struggle—pain and depression are part of every cycle.
The market often reverses right after you give up on your altcoin bags and close leverage positions at a loss. It's a recurring pattern.
So, I've been advising to stay away from leverage. Even my altcoin holdings are down, and I'm not buying yet. When I do, you'll be the first to know.
Follow for more updates and don't forget to hit the like button if you find my insights valuable.
Thank you.
Stay strong.
WAGMI
#Crypto
Bitcoin will rise as the dollar descendsBitcoin will go a little lower until next week, then start to rocket again since USDJPY will be capitulating and that will force inflation to resurface. Inflation also means excess liquidity which is what bitcoin is, and is highly correlated to the nasdaq. I give it till summer when the BOJ pulls the plug and the FED is forced to hike rates again.
This will force the dollar TVC:DXY to go 140+ and along with it a deflationary spiral that will call this the Greatest Depression. This will blow up all the other currencies leaving the dollar for last. It is then from the ashes of everything the FED and central banks will usher in negative interest rates to "rebuild society" using social credit scores like the movie Demolition Man.
If Trump gets elected and not assassinated or arrested, then he will ban the dollar CBDC and go back to a gold standard. Then you will see bitcoin launch ahead of the old dollar and hold its own with the new gold backed dollar. If Biden gets reelected CBDC's will happen here in America and bitcoin and gold will go to the moon either way.
Bitcoin Market Update - June 24, 2024Bitcoin's Weekly Candle closed bearish, opening at $66,676.88 and closing at $63,210.01 - a decline of -5.20%. This is Bitcoin's second negative close in a row.
Bitcoin Weekly Chart w/ Indicators
Volume Profile Analysis shows that Bitcoin has reached the bottom zone of the High-Volume Node we have been ranging in since achieving a new All-Time High in March.
A Low-Volume Node lies below us, stretching from approximately $60,823 to $52,581. As we have seen many times, price moves quickly through Low-Volume Nodes to seek liquidity in High-Volume Nodes. Thus, a descent into the LVN would shatter any expectations of support until the $52,000 zone.
There are small bumps within the Volume Profile, giving potential Take Profit Targets for short positions or potential bounce zones for quick counter-trend Longs at $59,210 and $57,025.
Price is currently testing the Weekly 21EMA, which served as Support on our last encounter with it the week of April 29th. Following that test, Bitcoin was able to rally approximately 27% to form a higher low within the range.
The Weekly Volume Delta Indicator also shows that while Sell Volume has been and is still dominant, that Delta is decreasing, meaning that Buys were more prominent last week than the week prior. With a fresh weekly candle, this is a metric I will watch closely to gauge the potential for a reversal in price.
Bitcoin 3D Chart
Bitcoin's 3D chart gives us more clarity. Volume Delta has increased over the last three candles, culminating with the highest sell pressure we've seen in over a week. This occurs as we test the 3D 55EMA, which similar to the Weekly 21EMA, resulted in a 27% bounce the last time we came close.
3D Time Transformation is very close to the oversold level, and we are lower than the last registered low of TT on this timeframe back in January of 2024, which was the bottom of the Opening Year Slump.
High sell volume coming into an area of Support often results in temporary reversal of price.
Bitcoin Daily Chart
The Daily Chart shows us in very close proximity to the 200 DEMA, a level that has not been tested at all this Bull Run. Volume Delta shows overwhelming sell pressure that we have not seen since the last "bottom" on May 01 of this year, which again, resulted in a 27% bounce.
Time Transformation is oversold to a degree that we have not seen since the previous Market Cycle Bottom in August of 2023.
Bitcoin 4H Chart
Moving down to the 4H Chart, relevant points are that Time Transformation is oversold, and the previous 4H candle registered such high sell volume that we haven't seen since June 07, which was the Bearish Engulfing candle that began this current downwards trend.
Tether Dominance Chart
Moving to USDT Dominance, we can see that on the Weekly Chart, USDT Dominance is in the process of confirming a Double-Bottom (higher low) or W Pattern, if this Weekly Candle closes at the same price of higher, that will be a successful close above the neckline, and potentially a close back above the 200 WEMA as well.
This successful completion would move USDT Dominance back up to 6.0-6.5% of the total crypto market cap, and serve as a much broader warning for a more-pronounced market correction.
Bitcoin Exchange Flow
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Looking at Exchange Flow, we can see that last week Exchange Inflows dominated, however they decreased in strength as the downtrend progressed. Saturday witnessed a net outflow of Bitcoin, and Sunday saw a very mild inflow of Bitcoin to exchanges.
Bitcoin Miner Net Position Change
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Miners are still selling, however they have begun to decrease their selling volume. This trend has historically led to short-term reversals in Bitcoin's price.
Bitcoin HODLer Cohort Net Position Change
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The HODLer cohort is also selling, and this trend has not slowed.
Conclusion
In conclusion, although short-term price action indicates we have reached an important level of support where selling pressure seems to have reached a climax, there is insufficient buying pressure from the HODLer cohort or clear signs of bullish conviction to justify spot entries into Bitcoin at this point.
Investors should continue to sit in cash, and await more lucrative buying opportunities, and traders should wait for more clear signs of a potential reversal before entering long positions.
Bitcoin RSI has dipped below 30.Bitcoin Technical Analysis Update
In the past, when Bitcoin's daily chart RSI drops below the 30 level on the daily chart, we often see an upward move in Bitcoin's price from that level. It is considered a bottom for Bitcoin in that trend.
Currently, Bitcoin's daily chart RSI has dipped below the 30 level. This could be considered a bottom for Bitcoin, and we can expect an upward move from the current level.
Regards
Hexa
It is time to buy Bitcoin again.In prior bull markets Bitcoin usually made a local low when hitting its bull market support bands. Buying at the bull market support bands has been, once again, in this bull market since early 2023 a great strategy to build up your BTC bags. It, so far, has a hit rate of 100 %!
And once again Bitcoin is, right now trading at its lower bull market support band and yet again the sentiment has turned from euphoric to "it's going to zero".
So...is it going to be different this time? I personally highly doubt it, because, so far, the bull market support bands have worked wonders as entry signals in all bull AND bear markets.
What are the bull market support bands?
A weekly SMA with a lengh of 20 and a weekly EMA with a length of 21.
[LONG] Reputable news sites say BTC is 7 days away from going up**Technical Analysis: Bitcoin (BTC) Daily Chart**
**Current Market Situation:**
Bitcoin (BTC) is currently trading at a critical support level, with the daily chart indicating a high likelihood of a reversal in the near term. The Relative Strength Index (RSI) is hovering around 30, signaling that the cryptocurrency is approaching oversold territory.
**Oversold Conditions:**
The RSI, a popular technical indicator, measures the speed and change of price movements. A reading below 30 typically indicates that the asset is oversold, suggesting a potential rebound. With BTC's RSI hovering around this level, it's likely that the selling pressure will soon subside, paving the way for a potential rally.
**Support Level:**
The last lowest support level was $59,000. This level has been tested on multiple occasions, and a bounce from this $63,100 could propel the cryptocurrency higher.
**Bullish Sentiment:**
Reputable news websites are reporting that a BTC price surge is imminent, with some sources suggesting that the cryptocurrency is just 7 days away from a significant upward move. This bullish sentiment, combined with the oversold conditions on the daily chart, creates a compelling argument for buying BTC at current levels.
**Buying Opportunity:**
Given the confluence of oversold conditions, support at $63,100, and bullish sentiment, now is an attractive time to consider buying BTC. The cryptocurrency's price is likely to rebound from this level, and with the next potential low already established at $59,000, the risk-reward ratio is skewed in favor of buyers.
**Conclusion:**
In conclusion, the technical analysis suggests that BTC is on the cusp of a potential reversal, with oversold conditions and a robust support level at $59,000. The bullish sentiment and imminent price surge reported by reputable news sources further reinforce the case for buying BTC at current levels. With the stars aligning in favor of a potential rally, now may be an opportune time to enter the market.
3 Reasons Why Bitcoin Will Bounce At The Current LevelCRYPTOCAP:BTC has been in a moderate downtrend for the last few days. During that time, the crypto sentiment changed massively. Social media is jam-packed with doom posts forecasting a massive dump.
While there's a chance to see lower levels, the opposite is much more likely. Here are three data-based reasons why:
1️⃣ The upper boundary of the bull flag (see chart below) has served as a proper support line.
Just two days ago, Bitcoin bounced again at that support. Additionally, we have an even stronger support line sitting at ~62.5. Therefore, even if the bull flag support breaks, you can expect a bounce from the support below.
2️⃣ The overall market is super oversold and ready for a turnaround.
You can see that in many of my previous posts. The entire altcoin market is extremely oversold. Consequently, a bounce is getting more likely every day.
3️⃣ Volume has been constantly decreasing
BTC trade volume has been constantly decreasing during its downtrend. This can be interpreted as fading sell pressure that is likely to result in a massive volume spike.
One word of caution: A break of the 62k level invalidates the above arguments and signals a bearish continuation.
BTC Bitcoin Technical Rebound SoonIf you haven`t sold BTC on this top:
Then you need to know that Bitcoin is currently trading at $64,200, approaching the oversold territory on the RSI Relative Strength Index.
Historically, when Bitcoin enters the oversold area on the RSI, it often experiences a technical rebound.
The RSI is a momentum oscillator that measures the speed and change of price movements, with values ranging from 0 to 100. An RSI below 30 is typically considered oversold, indicating that the asset may be undervalued and due for a rebound as buyers step in to take advantage of lower prices.
BITCOIN will deceive sellers and rise to $73,000!Yesterday's inactivity of sellers in the $64500 range gave a chance for a local wave of growth for bitcoin and the entire cryptocurrency market.
⚡️ In our previous idea , we wrote about the failure rate of the $64500 range:
💥 On the 12-hour timeframe, sellers failed to break through the 64500 range for 5 candles. And growth after such a failure should be aggressive.
On the 4hr timeframe, yesterday's weakness of the sellers was well worked out:
The BTC price failed to gain a foothold below the 64800 mark , and the local growth of bitcoin continued.
⚡️ The USDT dominance indicator broke the trend line down:
If the USDT dominance does not rise above 4.9% today, we expect a drop to 4.6%. This is the most modest target at the moment.
The BTC dominance chart has yet to break through the 55% mark. There is a feeling that the BTC dominance nightmare is not over, despite the clear signals of a drop on the daily timeframe:
💎 Therefore, today we expect such feats from customers:
✅Not to lose control of 65100
✅To develop the trend line from June 7 upwards and test the 67300 mark
For now, the main scenario is growth to 70000 and the recovery of altcoins.
💎If you are interested in the forecast of other cryptocurrencies , write their names in the comments!
Close to target!Bitcoin is now at $63,000, and as we discussed earlier, the $61,000 to $63,000 range is a standard supply zone. Therefore, we can consider buying BTC within this range. However, we must remain cautious about Bitcoin and its liquidity shadows, as there is a possibility of a dip to the purple area at $59,000.
Bitcoin and Global LiquidityWhenever global liquidity increases, this liquidity increase fuels Bitcoin and supports Bitcoin's rise. This pattern has been continuing in the form of a sine wave since 2009. Global liquidity falls at certain times and rises at certain times. Since 2011, global liquidity has been rising in a low-speed trend, exceeding the previous peak each time it rose. Global liquidity, which last peaked in 2022, returned to a slow increase at the beginning of 2023. I think there is currently at least a 100% gap for this rise to be completed. I think Bitcoin will also rise as this gap is filled. I think it is essential for at least a long-term cryptocurrency investor to follow global liquidity closely. While this global liquidity is not meaningful to explain the SP500 or Nasdaq indexes, it appears to be in full correlation with Bitcoin.
Whale Moves and Market Optimism: Potential Surge to $100,000Bitcoin continues to capture investors' attention with its price changes and large movements. Every rise and fall sparks more questions about its future and how it might affect the global economy.
Recently, Bitcoin was traded at a price of $65,715, experiencing a small increase of about 1% in the last 24 hours, which sparked some cautious optimism among cryptocurrency enthusiasts around the world.
This new confidence has been bolstered by the activity of major whales and long-term positive predictions. Some see this as an irreplaceable opportunity, while others warn against the danger of drifting behind illusions.
Bitcoin seems to be at a key point that could be a good chance to buy, based on current conditions and optimistic market predictions. The rise in activity from big investors and their large purchases of Bitcoin show they believe in the currency's future, which could signal positive market trends. Also, over 70% of all open Bitcoin positions on Binance are bullish.
A well-known crypto whale recently made headlines by buying 6,070 Bitcoin, worth about $395 million. This marks the whale's first major purchase in over 18 months. Renowned for strategic trading, this investor had previously acquired 41,000 Bitcoin during the 2022 market dip at an average price of $19,000 each.
In a smart move, the whale sold 37,000 Bitcoin during the market upturn in 2023 and 2024 for an average price of $46,800 each, earning a total of $1.74 billion and over $1 billion in profit. This recent purchase reflects the whale's renewed optimism in Bitcoin’s future, suggesting potential significant price increases ahead.
Due to recent activity and positive market predictions, Bitcoin seems to stand at an attractive buying point. The current support at the 100-day Exponential Moving Average and the lower edge of an ascending triangle pattern signals potential rises. It is expected that a bounce from these levels could soon push the Bitcoin price to $72,000, paving the way for a potential rise to $100,000 in the long term.
I expect the Bitcoin price to rise by 30% in July, potentially exceeding $85,000, although current technical indicators lean towards a bearish trend. Therefore, if you are considering investing in Bitcoin, now might be a good time to consider buying, especially if you can handle volatility and have a long-term perspective. It is advisable to regularly reevaluate positions and take advantage of any significant price movements to reap profits or adjust strategies.