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Bitcoinprediction

BITCOIN - A detailed Important scenario of what will happen!Anyone who puts 2025 as the end of the cycle is wrong, in my view In this analysis, I will list for you all the next steps, starting from now. - Altcoins and Bitcoin will rise to 85k, and it will happen from here until the end of June - the beginning of July.... This will coincide with TOTAL3 reaching 900B - 1T. -There will be a strong correction for the entire market, and Bitcoin will return to 72k and TOTAL3 will return to 700B - 730B. - In the period between August and October, Bitcoin will rise alone, and alternative currencies will begin to rise slightly - Trump wins the US elections, and remember what he said two days ago regarding cryptocurrencies, and this would bring great positivity to the market. At the end of 2024 or the beginning of 2025, Bitcoin will reach 125k - 150k, and that will be the peak of that cycle, and your greed will then reach the sky, but don't take your profits... When that happens, you will find those calling for 200k for Bitcoin, or posts tells 1M for BTC ! Then the following will happen: - Distribution of bitcoins to ALTS for two or three weeks with great ALTseason...Greed will reach its peak, and I will be attacked and anyone who tells " this is the peak, and you must take your profits and make them 100% cash". - Then there will be a complete collapse of the market and the American markets, and a decline that will continue for years, and this collapse will be less severe for Bitcoin, reaching areas between 50k - 45k, and most other currencies will disappear completely (90-99% decline). best regard Ceciliones🎯
Long
by ceciliones
157
IBIT | This is Where Real Trader's are LookingThere's no need to complicate things. You are watching where real traders watch. I see the green box and the red box as the selling place. When the price reaches those areas, I recommend you to follow the volume side. If these regions are to be broken and passed, the volume side will give signals of this. - My Record Speaks for Itself DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it. RENDERUSDT.P | HTF Accuracy ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it. BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it. Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
NASDAQ:IBIT
by UmutTrades
Understanding the Benefits of Long-Term Bitcoin HoldingThe Bitcoin market has been on a tear, recently surging towards the coveted $100,000 mark. Amidst this bullish momentum, a fascinating trend has emerged: long-term Bitcoin holders, often referred to as "hodlers," are showing no signs of capitulation.1 In fact, they seem more determined than ever to hold onto their coins, even as the price continues to rise. The Psychology of Hodling The concept of hodling, a deliberate misspelling of "holding," has become synonymous with the Bitcoin community. It encapsulates the idea of buying and holding Bitcoin for the long term, regardless of short-term price fluctuations. Hodlers are often driven by a deep belief in Bitcoin's potential as a revolutionary technology and a store of value.2 As Bitcoin's price has soared, some investors might be tempted to take profits and cash out. However, long-term holders are resisting this urge, choosing instead to remain patient and steadfast in their conviction. This behavior can be attributed to several factors: • Belief in Bitcoin's Long-Term Potential: Many hodlers view Bitcoin as a digital gold, a scarce asset with immense value potential. They believe that the current price surge is just the beginning of a much larger upward trend. • Fear of Missing Out (FOMO): As Bitcoin's price continues to climb, there's a fear of missing out on significant gains. Hodlers may worry that if they sell now, they might regret it later when the price reaches even higher levels. • The Halving Effect: Bitcoin's supply is halved every four years, reducing the number of new coins entering circulation.4 This event, known as the halving, is expected to have a significant impact on Bitcoin's price. Hodlers may be anticipating a substantial price increase after the next halving, scheduled for 2024. • The Network Effect: As more people and institutions adopt Bitcoin, its network effect strengthens. This increased adoption can lead to higher demand, driving the price up further. Why Hodling is Good for Bitcoin The fact that long-term holders are resisting the temptation to sell is a positive sign for Bitcoin's future. Here's why: • Reduced Selling Pressure: When fewer coins are being sold, it reduces selling pressure on the market. This can help to stabilize the price and prevent sharp declines. • Increased Price Stability: A lower supply of Bitcoin available for sale can lead to increased price stability. This can attract more institutional investors who prefer assets with lower volatility. • Stronger Market Fundamentals: The behavior of long-term holders demonstrates strong market fundamentals. It suggests that Bitcoin is perceived as a valuable asset with long-term potential. • Positive Market Sentiment: The resilience of long-term holders can boost market sentiment, attracting new investors and driving further price appreciation. In conclusion, the greed of long-term Bitcoin holders is a bullish indicator for the cryptocurrency market. Their unwavering belief in Bitcoin's potential, coupled with their willingness to hold onto their coins, is a testament to the strength of the Bitcoin community and the underlying technology. As Bitcoin continues its journey towards mass adoption, the hodlers will likely play a crucial role in shaping its future.
BITSTAMP:BTCUSDLong
by bryandowningqln
Bitcoin Correction Started!?Bitcoin ( BINANCE:BTCUSDT ) started pumping again today with the help of the following two News : 1-Chinese Court Declares Bitcoin and Crypto Ownership Legal. 2-Trump Plans White House Crypto Advisor Role. These days, Bitcoin is more influenced by the news than before. Bitcoin managed to break the Important resistance lines with the help of the above news . Since Bitcoin does NOT have a previous price history at current prices , its analysis is associated with challenges, but I will try to analyze it for you with technical analysis tools and other parameters . Bitcoin reacted well to the new Potential Reversal Zone(PRZ) .But Bitcoin could not touch the magic number of $100,000 ; one of the reasons for not touching this number is many sell orders that were exactly on the number of $100,000. According to the Elliott wave theory , Bitcoin has entered five new impulsive waves after breaking the important resistance lines. It completed the main wave 5 . It seems that we can wait for Bitcoin correction waves . In terms of Classic Technical Analysi s, Bitcoin seems to be completing the Bump phase and entering the Run phase of the Bump-and-Run Top Pattern .👇 It also seems that USDT.D% ( CRYPTOCAP:USDT.D ) will have an upward trend , which can cause Bitcoin correction . I expect Bitcoin to attack the lower line of the ascending channel after approaching the Resistance zone($97,642-$97,180) . 🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏 ⚠️ Note: If Bitcoin goes above $98,700, we can expect it to touch $100,000. ⚠️ ⚠️ Note: Bitcoin can start to rise again from the lower line of the ascending channel. ⚠️ ⚠️ Note: We should expect a deeper correction if Bitcoin goes below the Support zone($95,600-$92,000) and breaks the lower line of the ascending channel ⚠️ Bitcoin Analyze (BTCUSDT), 1-hour 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.
Short
by pejman_zwin
114
BTC / USDT : Consolidating at key support, bounce back likely Bitcoin/USDT: Consolidating at Key Support, Bounce Back Likely Bitcoin has experienced a significant pullback after its recent rally and is now consolidating near a critical support level. This area has historically acted as a strong demand zone, increasing the likelihood of a bounce back. However, confirmation is needed to ensure a potential bullish reversal from this level. Key insights: 1. Support zone: Bitcoin is holding above a key horizontal support level that has previously provided a strong base for upward moves. A sustained hold at this level could signal bullish momentum returning. 2. Market structure: Despite the recent drop, the overall market structure remains intact, with Bitcoin trading above long-term moving averages, keeping the bullish bias alive. 3. Momentum indicators: Indicators like RSI are entering oversold territory, suggesting potential for a reversal. MACD is also nearing a crossover, which could strengthen the case for a bounce back. Steps to confirm the bounce: Monitor for a strong 4H or daily candle closing above the current support level. This will signal buyers stepping in. Look for higher lows on shorter timeframes to confirm a trend reversal. Increased trading volume during the rebound will add confidence to the bullish case. Be cautious of consolidation below the support, as it may indicate further downside risk. Risk management strategies: Set a stop-loss below the support zone to manage downside risk in case of a breakdown. Avoid over-leveraging and size your position according to your trading plan. Keep an eye on broader market sentiment, as macroeconomic factors and altcoin performance can influence Bitcoin's movement. This analysis is intended for educational purposes only. Always conduct your own research before making any investment decisions.
Long
by Crypto-By-Ghazi
BTC to $118K with Anticipated CorrectionBased on market trends, I anticipate a 10% to 20% correction. A shakeout of weak hands before the next leg up. This correction should be viewed as a buying opportunity. Once the correction plays out, Bitcoin will resume its upward trajectory, ultimately reaching a target of $118,000. Source:Trust me bro :'D DYOR, see what happened during the last cycles and you'll see the opportunities. Market Sentiment: Despite the overwhelmingly positive sentiment, a degree of caution and profit-taking is expected at these price levels. Disclaimer: This is not financial advice. Investing in cryptocurrencies carries a high level of risk. Please conduct your own research and invest responsibly.
BITSTAMP:BTCUSDLong
by pasasgr27
The 100k Club - 3 day Sell off WARNING Who Are the 100K Club? Let’s take a quick look at the four addresses that define this group: Binance Cold Wallet #1 248,598 BTC ($24.6B) Holding since: October 2018 Recent Activity: Minimal movement Bitfinex Cold Wallet 156,010 BTC ($15.4B) Recent Activity: -12,000 BTC over the past 7 days, -24,000 BTC in the last 30 days. Robinhood Cold Wallet 136,775 BTC ($13.5B) Recent Activity: +500 BTC in the past 30 days. Binance Cold Wallet #2 199,914 BTC ($19.8B) Recent Activity: -39,914 BTC over the past 7 days, -31,575 BTC in the last 30 days. These wallets have historically acted as whale barometers—signals for accumulation and distribution phases in the market. The Recent Sell-Off: A Warning Sign Over the past 3 days, the 100K Club has withdrawn 50,000 BTC from cold wallets, distributing them across various exchanges. This movement represents a clear signal of whale distribution, as BTC moved from secure long-term storage to active trading environments. Key insights from the recent sell-off: Binance Cold Wallet #2 recorded a significant outflow of 39,914 BTC in just 7 days. Bitfinex Cold Wallet saw a decrease of 12,000 BTC, indicating similar sell-off behavior. Robinhood Wallet remains mostly stable, with a minor accumulation of 500 BTC. The cumulative movement suggests that whales are likely preparing to offload BTC on exchanges—a pattern that historically leads to increased selling pressure and short-term bearish trends. Market Implications 1. Potential Price Reversal to $85K-$90K Zones Historically, whale activity aligns closely with key accumulation and distribution zones. Recent sell-offs could push Bitcoin back to its previous buyback levels around $85,000–$90,000, where whales historically re-entered the market. 2. Increased Market Volatility A 50K BTC distribution over just three days introduces significant supply pressure, likely increasing market volatility as traders and institutions react. 3. What to Watch Exchange Inflows: If these large BTC outflows from cold wallets flood exchanges, expect heightened selling pressure. Volume and Key Levels: A drop to support zones around $85K–$90K could indicate a new buying opportunity, as whales historically use these levels for re-accumulation. Actionable Insights for Traders 1. Monitor Exchange Activity Track BTC inflows into major exchanges like Binance and Bitfinex. Spikes in inflows typically correlate with selling pressure and potential price dips. 2. Identify Key Support Zones Use technical analysis to identify critical support levels, such as $85K-$90K. These levels have served as accumulation zones for whales in the past. 3. Watch for Whale Re-Entries Once sell-offs subside, whale re-accumulation at key levels could signal the next bullish reversal. Keep an eye on increases in BTC_SPLYADRBAL100K, which indicate accumulation back into cold wallets. Conclusion The Bitcoin 100K Club sell-off is a clear signal that whales are repositioning their holdings, introducing near-term bearish pressure on the market. However, these sell-offs often lead to new opportunities as prices test historical accumulation zones. For traders, this is a time to stay vigilant, track key metrics like exchange inflows and cold wallet balances, and prepare to capitalize on the next buying opportunity. With whales potentially looking to re-accumulate around $85K-$90K, this could be your chance to align with the market's biggest players. Stay sharp, and as always, trade cautiously! 🚀
by Data_Driven_Trading
10
Bitcoin is Ready to Take Off!Bitcoin technical analysis update Yesterday CRYPTOCAP:BTC price touched the broadening wedge support line and the previous major support zone at the $50K level. currently, the price is bouncing from this major support and moving towards the broadening wedge resistance. We can expect a gradual bullish continuation from the current level. We could see a strong bullish move once the price breaks the broadening wedge resistance, potentially reaching $100K. Swing and positional traders can enter a long trade in BTC with a stop loss set at $49,000. Regards hexa
Long
by HexaTrades
5
Bitcoin Breaking Out of a 220-Day Broadening WedgeBTCUSDT technical analysis update Bitcoin has been forming a broadening wedge pattern over the past 220 days, indicating increased volatility and indecision near its previous all-time highs. Recently, BTC has been moving towards the wedge’s upper resistance line around $68K, signaling a potential bullish breakout. If confirmed, this breakout could lead to a strong upward move, with targets in the $90K-$100K range. Additionally, around $60K, the 100 and 200 EMAs are acting as strong support levels for BTC. Regards Hexa
Long
by HexaTrades
USDT.D Flashing BEARISH Signal For Bitcoin and Total Market CapIn this video, I've re-created a study I saw online about USDT.D (USDT Tether Dominance) and how whenever it's dropped to this trendline since 2018/2019. It's also marked the top of the market in terms of Bitcoin and Total Market Cap. It obviously makes sense that with money flowing into crypto and Bitcoin, that money would flow out of Tether and stablecoins... But still, this is a very interesting inverse relationship. This is either one of those charts we'll look back at in hindsight, and think 'Well that was obvious' -- Or we'll see a break of this trendline, because... Maybe this cycle IS different. I'll be watching this to see if USDT.D starts rising, and BTC.D starts dropping. This could spark a mini-alt season in the mean time, which would be great. But I would be taking profits into resistance levels, if this USDT.D chart looks to be turning up. What are your thoughts? Please Like, Leave a Comment, and feel free to Share! - Brett
CRYPTOCAP:USDT.D
by BrettFogle
Bitcoin Set for Explosive Move After 220-Day Consolidation!BTCUSD has been in a 220-day range, similar to a previous consolidation period seen in early 2023. Historically, after such long-range trading, Bitcoin has experienced strong bullish breakouts, as shown by the green arrows. With the current range nearing its end, we could be on the verge of another significant upward move. Keep an eye on a potential breakout, which may signal the start of a new bullish trend. Regards Hexa
BINANCE:BTCUSDLong
by HexaTrades
2
Bitcoin Cycle Top Expectation: Fibonacci Targets $160K-$180KAs Bitcoin approaches the $100,000 milestone, this analysis leverages Fibonacci extensions to highlight potential targets for the current market cycle. Historical trends suggest that Bitcoin’s cycle tops often align with major Fibonacci levels, making the $160K-$180K zone a key area of interest. This zone represents a strong convergence of resistance based on both technical levels and psychological significance, where a potential cycle top could form. The chart provides a visual breakdown of these targets, with additional possible extensions if momentum overextends. Disclaimer: This is not financial advice. Always conduct your own research before making any investment decisions.
COINBASE:BTCUSDLong
by djobs
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 22, 2024Technical Analysis and Outlook: The price of Bitcoin, which remained at or below the completed Outer Coin Rally of 92000 during the preceding week, has successfully broken through this level this week, thus completing our Outer Coin Rally of 99500. The current analysis indicates that the cryptocurrency coin will likely experience a retracement to the Mean Support level of 94400 before embarking on its subsequent bullish trajectory, targeting our forthcoming Outer Coin Rally at 110000. This development signifies the conceivable continuation of a sustained bull market.
BITSTAMP:BTCUSD
by TradeSelecter
BTC 100k is not enough- Believe it or not. - There's nothing at 100k. - the trend would not be respected. - i was here when BTC broke 10k$ for the first time. - At that time, most traders called for a top and scared. - BTC didn't care and went straight up to 20k$.. - i see only 3 Scenarios. 1 : Orange : BTC retrace soon, then it will delay time, then ATH will be 220-240k. 2 : Green : BTC goes to 150k, retrace to 161.8, and make a second Top around 220-240k. 3 : Red : BTC go straight to 150k$ then dip and struggle. ( i doubt on that way ). - As always, this only my humble prediction and opinion. - Everything can happens with FA. ( war, crises, stop internet.) - More it will take time, more up BTC will go. Stay S4fe Happy Tr4Ding !
COINBASE:BTCUSD
by thecryer
9
Bitcoin Nears $100,000 as China Clarifies Personal Crypto RightsBitcoin, the world's largest cryptocurrency, has been on a tear, recently surpassing the $99,000 mark. This surge has been fueled by a combination of factors, including increased institutional adoption, favorable regulatory developments, and growing global economic uncertainty. China's Crypto Clarity One of the most significant developments for the cryptocurrency market has been China's clarification of its stance on personal crypto ownership. While the country has imposed strict regulations on cryptocurrency trading and mining, it has clarified that individuals are allowed to hold cryptocurrencies for personal use. This regulatory clarity has boosted investor confidence and could potentially lead to increased adoption of cryptocurrencies in China, the world's second-largest economy. Institutional Adoption Continues to Grow Institutional investors, such as hedge funds, pension funds, and corporations, have been increasingly investing in Bitcoin and other cryptocurrencies. This growing institutional interest has provided significant support to the market and has helped to drive the price of Bitcoin higher. Global Economic Uncertainty The ongoing global economic uncertainty, including rising inflation, geopolitical tensions, and the potential for a recession, has led investors to seek alternative assets. Bitcoin, as a decentralized and inflation-resistant asset, has become an attractive investment option for many. Technical Analysis: A Bullish Outlook Technical analysis of Bitcoin's price chart suggests that the cryptocurrency is in a strong uptrend. The recent breakout above the $99,000 level has further strengthened the bullish sentiment. Key technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are signaling1 bullish momentum. On-Chain Data Points to Further Upside On-chain data, which analyzes the behavior of Bitcoin on the blockchain, provides further insights into the potential for future price appreciation. Metrics like the MVRV Z-Score, NUPL, and Puell Multiple suggest that Bitcoin is not overbought and has significant room to grow. Challenges and Risks While the outlook for Bitcoin remains bullish, it is important to acknowledge the risks and challenges associated with investing in cryptocurrencies. These include: • Market Volatility: The cryptocurrency market is highly volatile, and Bitcoin's price can fluctuate significantly in a short period. • Regulatory Uncertainty: Changes in regulations can impact the price of Bitcoin and other cryptocurrencies. • Security Risks: Cryptocurrencies are vulnerable to hacking attacks and other security threats. • Technical Issues: Technical issues with the Bitcoin network could negatively impact its performance and price. Conclusion Bitcoin's recent surge to near $100,000 has been fueled by a combination of factors, including increased institutional adoption, favorable regulatory developments, and growing global economic uncertainty. While the future of Bitcoin remains uncertain, the current bullish sentiment and strong technical indicators suggest that the cryptocurrency could continue its upward trajectory. However, investors should approach Bitcoin with caution and be aware of the risks involved.
BITSTAMP:BTCUSD
by bryandowningqln
Bitcoin 2024-2025 TOPBitcoin’s market behavior follows a cyclical structure that revolves around the halving events. These halvings reduce the mining reward, creating a supply shock that typically leads to higher prices in subsequent bull runs. Historical Patterns Halving to Market Top (Bull Run): Historically, market tops occur within 1-1.5 years after halvings. Example: 2013 Halving → Peak in late 2013 (approx. 370 days post-halving). 2016 Halving → Peak in late 2017 (525 days post-halving). 2020 Halving → Double top in 2021 (343 days to the first top, 553 days to the second top). Market Top to Bottom (Bear Market): The bear market usually lasts around 364 days after the peak. After this, Bitcoin enters a consolidation phase before starting a new uptrend. Bottom to Top: The time from a market bottom to the next top is remarkably consistent at 1057 days across multiple cycles. Observations: Bitcoin has shown a repetitive pattern of growth phases followed by corrections. The length of each cycle (measured in weeks) shows that the timing between major events is relatively stable, making it possible to predict future milestones with some accuracy. 2. Predictions for 2024–2025 The chart provides specific projections for the current Bitcoin cycle based on historical data: Next Potential Market Top: First Peak: Speculated for January 6, 2024, or March 24, 2024. This mirrors the 2021 double-top cycle, where the first peak occurred ~343 days after the halving. Second Peak (All-Time High): Expected on September 15, 2024. This corresponds to a potential double-top pattern, with the second peak occurring 539 days after the halving (similar to the 2021 cycle). Price Targets: While specific price targets aren’t marked on the chart, it seems to imply: A potential move toward $100,000+ in the first peak (consistent with prior cycle growth rates). A possible retracement before reaching the second peak (all-time high). 3. Key Timelines The chart highlights several critical time intervals: Top-to-Bottom: ~364 days. Bottom-to-Top: ~1057 days. Halving-to-Peak: 1–1.5 years (~343–525 days depending on the top). Current Cycle Timelines: Bottom: Marked in late 2022 (~$15,000). Next Halving: Scheduled for April 2024. Next Top (Bull Cycle Peak): Estimated for late 2024. 4. Double-Top Scenario The chart predicts a possible double-top structure in the next cycle: First Top: Occurs early in the cycle (Q1 2024). Price may surge rapidly but face a correction before the second peak. Second Top: A new all-time high expected in Q3-Q4 2024. This mirrors the 2021 cycle where Bitcoin hit ~$65,000 in April, corrected to ~$29,000, and reached ~$69,000 in November. 5. RSI Insights The RSI (Relative Strength Index) at the bottom indicates Bitcoin’s current momentum: An RSI above 70 suggests an overbought condition, implying potential short-term corrections. However, in previous cycles, sustained RSI in the overbought zone often coincided with parabolic price movements during bull runs. Expect significant pullbacks after major peaks, providing re-entry opportunities. Conclusion The chart uses historical consistency in Bitcoin’s price cycles to project future movements. While no prediction is guaranteed, Bitcoin’s cyclical nature and the reliability of its halving-driven supply dynamics provide strong reasoning for these forecasts. If the cycle plays out similarly, 2024-2025 could bring significant opportunities for long-term holders and traders alike.
BNC:BLXLong
by spirosgh
How Bitcoin BTC Will Break $100k And What Is Going Next?Hello, Skyrexians! BINANCE:BTCUSDT is approaching the $100k, which is the key psychological level for many traders. Some traders are wondering how Bitcoin can pump so high, other became believe in $200k, $500k of even one million dollars per coin! For those who follow us it's not surprise that BTC has almost reached $100k from our previous analysis . There we mentioned that crypto asset is finishing the bull run with the wave 5. This wave had the target at $107k and we can define with higher accuracy the wave's end using subways count inside it. On the daily time frame we can see the potential Elliott Waves counting. Looking at the maximum Awesome Oscillator value we can see that currently price is printing wave 3. This wave has the target with the 1.61, 2.61 or 3.61 Fibonacci extension levels. The first one has been broken, now price is at 2.61 level. Therefore, it can start local correction anytime now. The maximum target is $113k, which has the low probability of reaching in this wave 3. We want you also to pay attention that Bullish/Bearish Reversal Bar Indicator flashed the green dot just before the growth and at the bottom on August 5 as well. As always, alerts from this indicator can be automatically replicated on exchange account orders. You can find the information in our article on TradingView . We can expect the red dot as a potential reversal sign. The next dump in our opinion is not going to be the end of this game, Bitcoin shall print wave 4. It has targets between 0.38 and 0.5 level. BTC usually tends to show the short correction, so $79k can be the correction target. After that we expect the final subway of the final wave, which will likely reach our target from previous article at $107k, but the decisive factors are going to be the bearish divergence of the AO and the red dot on our indicator. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
COINBASE:BTCUSD
by Skyrexio
16
BTC 6 MONTH OUTLOOK- PRE BULL MARKETThis is a composite of quite a few systems, but the screen here has been reduced for ease of reading. The economic sentiment right now is not favorable so a pullback of BTC is very likely. This is not signaling a weakness in crypto, but just the overall uncertainty in investors in ANY market. Look for the BTC pullback end of March early April. Securities and Banking are seeing difficult times. The safest market may be Crypto (ie Bitcoin). It doesn't mean Bitcoin won't have it struggles (It will), but its promise is to safeguard those who hold it from the ever present uncertainty of the BANKING sector which is a whole different topic. On this chart you will find secondary support/resistance lines here (dashed blue lines). Hard resistance and supports (sold blue lines). The yellow line is a projection that I am seeing for BTC over the next 6-8 months. I do think once we exist the Gann Box that we will be in a full blown BTC Bull market. For now some intermediate tops and bottoms will be seen. Not in a bull market yet, but soon so stack up! I am! Buy Low- Sell High Any questions/ comments leave them below. I warrant that the information created and published, doesn't constitute investment advice, and isn't created solely for qualified investors.
BITSTAMP:BTCUSD
by Moorsc0de
6
BTC to100K: Riding the Bullish Breakout with Strong FundamentalsBTC is currently showing strong bullish momentum, with both technical and fundamental factors in alignment. The trade aims to capitalize on this momentum towards the 100K level, with a cautious eye on potential selling pressure. Pay attention to the consolidation range, as further upward movement could solidify BTC’s path to the target. Technical Overview: • Trend: We are in a strong bullish trend, trading well above the 200MA, indicating sustained upward momentum. • Breakout & Retest: Recently, BTC saw a breakout and a successful retest, reinforcing this trend. • Range Consolidation: Currently consolidating within a range, with a low at 85K and a high at 93K. I’ve taken a mid-range entry to capitalize on any upward movement within this channel. • Plan: If sellers aggressively push the price above the 85K level, I will consider reentry opportunities aligned with price action. Fundamental Drivers: 1. Global Adoption & Regulation: The Fed’s constructive stance on digital assets, combined with increasing demand and institutional adoption, is supporting BTC’s upward trajectory. 2. Economic Conditions: As inflation and interest rates remain focal points, Bitcoin is being viewed as an inflation hedge. Additionally, El Salvador’s adoption of BTC as legal tender is adding to the credibility and mainstream adoption of cryptocurrency. 3. Bitcoin ETF: The SEC’s positive outlook on a BTC-based ETF is expected to boost demand and further legitimize BTC within traditional financial markets. 4. Geopolitical Factors: War-driven demand, potential sanctions on Russian money, and global financial uncertainty are all fueling demand for BTC as a decentralized, safe-haven asset. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Long
by AR33_
2