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Bitcoinprediction

Bitcoin Cycle Top & Bottom PredictionThis is my first idea and I have no idea how to write these, so all commentary and other ideas are welcome :) I used Fibonacci Levels from a 1 month timeframe to plot out the long term pricing of this bull market cycle following the halving of 2024. I suspect the top of this cycle being around the $120K mark. If we base this on previous cycles we can expect this top to happen 450-500 days after the Halving on the 19th of April, 2024. Roughly next July / August. For the bottom of the next bear market I expect a new bottom of around 48K.
INDEX:BTCUSDLong
by BullceGabbana
BTC short term viewBTC / USDT After the massive drop of market in 13th april The market turned to be range market with slightly bearish in short term However in med - long term i still see it very bullish specially after the halving event that occurred 4 days ago In the coming days/ weeks we can see BTC is testing 60k zone multiple times with some fakouts here and there However if BTC able to close weekly above recent ATH we will see market turn strong bullish again Until that we still in this range … In this range try to avoid overtrading / fomo / panic selling Long term trades are fine Short term trades with strict risk management and stoploss are fine too Best of wishes
by Babenski
5
BTC ☀️ & Bullish Vibes On the Horizon. $70K Again? The cryptocurrency trend was mixed over the past 24 hours, as investors await the quarterly results of a series of tech giants later today and this week. The price of Bitcoin rose 0.6 percent to $66,490 over the past 24 hours. This is 10 percent below its all-time high, Trading View’s Bitcoin chart shows. “I think we’re just getting started and bitcoin is going to have a great next 12 months,” Bitwise analyst, Ryan Rasmussen, is quoted as saying by Bitcoin.com. However, the regulatory risks should not be underestimated, he added. A bullish sun shines over most of the global crypto market in the next 24 hours. Tropical trading conditions prevail over Bitcoin, which translates into a slight upside potential. Ripple’s XRP, Avalanche and Chainlink face bearish clouds, signaling downside risks. Over a one-week horizon, the bullish sun should continue to shine over the cryptoverse, with the exception of Binance Coin and Uniswap, which all face bearish clouds. Follow us for more crypto weather reports and crypto news!
BITSTAMP:BTCUSDLong
by ATTMO
New (ATH)?Bitcoin just completed a regular flat correction that ended at 60,000$, and now we are continuing the rally with new impulsive waves. on a small scale, bitcoin recently finished the first impulsive wave (wave 1), and we are about to undergo a small correction that will bring prices back to between $65,000 and $62,000. After this correction, we will enter the third impulsive wave, which is the typically strongest. following this wave, we will exceed the previous (ATH) set last month, reaching prices between $82,000 and $85,000
CRYPTO:BTCUSDLong
by Bolfooz
Bitcoin on the Brink: Bollinger Bands Hint at Potential Price BrBitcoin, the world's most popular cryptocurrency, has been exhibiting some intriguing technical signals lately. The cryptocurrency's volatility indicator, the Bollinger Bands, has narrowed significantly, reaching levels last seen in mid-February 2024. This development has sparked speculation among analysts about a potential price breakout for Bitcoin (BTC) in the near future. Bollinger Bands Explained: The Bollinger Bands is a technical analysis tool that measures price volatility. It consists of three lines: a simple moving average (SMA) in the center, and an upper and lower band plotted at a specific standard deviation distance above and below the SMA, respectively. The wider the bands, the higher the volatility; conversely, narrower bands suggest a period of compressed price movement. What Does the Narrowing of Bands Indicate? When the Bollinger Bands contract, it typically signifies a period of low volatility or consolidation. This can be interpreted in two ways. One possibility is that a breakout is imminent, with the price poised for a significant move in either direction – up or down. The other possibility is that the current price range may hold for a while longer, with continued consolidation. The Mid-February Precedent: The current narrowing of the Bollinger Bands is particularly interesting because it mirrors the situation observed in mid-February 2024. Back then, the bands contracted to a similar degree, and it was subsequently followed by a price surge that saw Bitcoin climb above $50,000. This has led some analysts to believe that history might repeat itself, with another price breakout on the horizon. Is a Breakout Guaranteed? However, it's crucial to remember that technical indicators, like Bollinger Bands, are not crystal balls. While they can provide valuable insights into potential price movements, they don't guarantee future outcomes. Several factors beyond technical analysis can influence the price of Bitcoin, including: • Market sentiment: Overall investor confidence towards cryptocurrencies can significantly impact Bitcoin's price. Positive sentiment can fuel a breakout, while negative sentiment could lead to a downward price movement. • Regulatory landscape: Government regulations and policies aimed at cryptocurrencies can create uncertainty and impact investor decisions. • Major news events: Significant global events, such as economic downturns or geopolitical tensions, can influence the price of Bitcoin as investors seek alternative assets. What to Watch Out For: Given the inherent uncertainty, investors should closely monitor these additional factors to gauge the direction of a potential breakout. If positive market sentiment coincides with the Bollinger Band breakout, we could see a significant surge in Bitcoin's price. Conversely, if negative sentiment prevails, the breakout might be short-lived, or it could even lead to a price correction. Conclusion: The narrowing of the Bollinger Bands is a noteworthy development for Bitcoin, suggesting a potential breakout on the horizon. However, investors should exercise caution and consider broader market factors before making any investment decisions. By combining technical analysis with a well-rounded understanding of the cryptocurrency landscape, investors can position themselves to potentially capitalize on Bitcoin's next price move.
CME:BTC1!Long
by bryandowningqln
Bitcoin Rebound as War Fears Subside, Bullish Technicals EnsueBitcoin, the world's leading cryptocurrency, has embarked on a significant rally in recent weeks, defying predictions of a prolonged slump triggered by the Russia-Ukraine conflict. As war fears recede, investors appear to be regaining confidence in the digital asset, propelling its price upwards. Several factors are contributing to Bitcoin's resurgence: • Waning War Threat: The initial market panic triggered by the outbreak of the war has subsided somewhat. While the conflict remains a concern, hopes for a potential diplomatic resolution have bolstered investor sentiment. This has led to a broader risk-on environment, benefiting Bitcoin alongside other asset classes. • Technical Breakout: From a technical analysis perspective, Bitcoin appears to be breaking out of a bullish continuation pattern known as a bull flag. This pattern typically indicates a period of consolidation following a strong price increase, followed by another leg up. The recent price action suggests a potential breakout from this pattern, which could fuel further gains. • New Support Level: The recent price dip found support around $66,000, establishing a potentially new floor for Bitcoin. This level of support indicates increased buying pressure at that price point, which could prevent further significant declines. • Limited Downside Risk: Analysts point out that compared to its all-time high of over $69,000, Bitcoin's current price represents a relatively limited downside risk. This, coupled with the potential for further upside based on technical indicators, makes Bitcoin an attractive proposition for some investors. Is the Rally Sustainable? While the current momentum is positive, questions remain about the sustainability of Bitcoin's rally: • Macroeconomic Uncertainty: The broader macroeconomic environment remains uncertain. Rising inflation and potential interest rate hikes by the US Federal Reserve could dampen investor enthusiasm for riskier assets like Bitcoin. • Regulatory Scrutiny: Regulatory scrutiny surrounding cryptocurrencies continues to be a concern. Increased government oversight could potentially stifle innovation and adoption, impacting Bitcoin's long-term prospects. • Volatility Remains: The cryptocurrency market is inherently volatile. Despite the recent rally, Bitcoin's price could experience significant fluctuations in the future. Investors should be prepared for this volatility and maintain a risk-tolerant investment strategy. Looking Ahead The future trajectory of Bitcoin remains to be seen. While the recent breakout from the bull flag pattern suggests potential for further gains, several factors could impact its price movement. Investors should closely monitor geopolitical developments, macroeconomic data releases, and regulatory pronouncements related to cryptocurrencies. Despite the uncertainties, Bitcoin's recent rally demonstrates its potential as a volatile yet potentially high-reward asset class. As the cryptocurrency market matures and gains wider acceptance, Bitcoin's long-term prospects remain intriguing. However, careful consideration of the associated risks is essential before investing in this volatile digital asset.
BITSTAMP:BTCUSDLong
by bryandowningqln
BTC - ☀️ & Bullish Potential For The Next Week A very strong sun shines over Bitcoin and Chainlink in the next 24 hours, indicating some upside potential lying ahead. Other altcoins, including Ether, Ripple’s XRP and Cardano will also profit from this bullish trend, while Litecoin and Uniswap face bearish clouds. These sunny bullish trading conditions should prevail over the cryptoverse the coming week, as leading tech companies will announce their quarterly results. Avalanche, Binance Coin and Uniswap won’t profit from this bullish mood and face bearish clouds, which signal downside risks. “A massive supply shock is coming. With the Bitcoin halving, miners can now only produce 450 BTC each day. The ETFs in the US have bought up around 3,214 BTC on average each day. This number could increase significantly when Hong Kong ETFs start trading,” the crypto profile Lark Davis said. Analysts at leading banks disagree on whether the price of Bitcoin will continue up following Friday’s halving. Deutsche Bank expects prices to “stay high due to expectations of future spot ether (ETH) ETF approvals; future central bank rate cuts; and regulatory changes” but do “not expect them to increase significantly,” Bitcoin.com reports. Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
Post BTC Halving Price Prediction, DXY, $IBIT, and May ForecastAs I've been saying, we really just need a breather after the huge runup in Bitcoin and the altcoins pre-halving and with 7 consequetive up months and Green candles. So it's no surprise April is selling off, and the halving was a 'sell the news' event. It's good news, because all markets need to rest and re-gain their strength to push higher. Watch the video for details, but the TLDR is I think we'll drift sideways and even down to re-test the $60k region where we can see strong buy blocks until we get into May, and then we'll start to push higher and hopefully into bull-mania. However, IF Bitcoin can get back above $66k - $68k on a daily closing basis, effectively washing out the Red block of sellers and back above both the 21 and 50 day EMA's (Exponential Moving Averages) then I would start buying BTC.
TVC:DXY
by BrettFogle
Bitcoin Weekly Analysis Here's the corrected version: BTC continues to lead in this bullish market, reaching a new all-time high. Initially, we anticipated the price to target $75,000 as an algorithmic prediction, but it fell short and stopped at $73,800, likely trapping buyers who had set psychological targets for $75,000 and $80,000. The drop in BTC is healthy after the significant gains we've witnessed in this bullish trend. It seems BTC is taking a breather, with buyers who entered around $15,000 and $30,000 now taking profits to accumulate at better prices. Following the halving, predicting BTC's behavior becomes more uncertain, but historical data suggests BTC tends to reach new highs after halving events. From a technical analysis standpoint, we identify a sweet spot for accumulating BTC between $47,000 and $39,000. Breaking above $52,000 and closing above it on a weekly basis would likely propel the price to $47,000 and $42,000. In terms of market dynamics, we have significant funds from the USA, and now China is also getting involved. This suggests that BTC is unlikely to drop to low prices like last time. Best of luck to everyone, and I'll provide updates if I observe any changes in the analysis.
COINBASE:BTCUSD
by Deotrade1
What's Next After Bitcoin Halving?The Bitcoin halving event, which has been four years in the making, has not significantly impacted the price of $BTC. According to CoinGecko data, CRYPTOCAP:BTC was priced at $63,976 when the pivotal block was minted, representing a 1% gain over the previous 24 hours. Half an hour later, it remained unchanged at $63,873. Despite the closely-watched event, the long-planned and anticipated milestone had a limited effect, following a tumultuous few days in which the Bitcoin price dropped steeply to $59,573 on a major exchange, and then recovered above $65,000 hours later, amid a generally discouraging past month. JP Morgan had previously indicated, "We do not expect Bitcoin price increases post-halving as it has already been priced in." The firm's prediction was at least partially correct. The halving, which reduces the reward given to Bitcoin miners for generating each new block by half, is aimed at moderating block creation and directly affects mining firms, mining pools, and independent miners. Crypto watchers are also interested in the outcome, focusing on the potential impact the event will have on the price of BTC. Bitcoin had recently set a new all-time high, breaking past $73,000, part of a widely celebrated Bitcoin bull run that some experts said demonstrated uncommon strength, albeit unseasonably early. However, the coin soon fluttered downwards, a trend attributed to factors ranging from discouraging U.S. economic metrics to unrest in the Middle East. On the eve of the halving, many questions remained unanswered. Analysts debated whether the latest bull run was already over, and environmentalists questioned if the reduced reward would lead to less mining and better environmental conditions. Would the halving already be priced in? Would the value of Bitcoin drop after this moment, as it typically has, but ultimately soar to new heights? Experts suggested that anything is possible. Less than an hour after the Bitcoin halving, the impact of the event on short-term and long-term prices has not yet been determined. Meanwhile, as mainstream financial markets enjoy their weekend break, the crypto community is largely optimistic. The impact on Bitcoin miners is likely to be more tangible. After all, the initial reward for generating a block was 50 Bitcoins, which was reduced to 6.25 CRYPTOCAP:BTC until this most recent halving. For the next four years or 210,000 blocks, the reward is now 3.125 BTC. The future remains unpredictable, and anything can happen leading up to 2028. Bitwise Chief Investment Officer Matt Hougan has offered a long-term perspective on the Bitcoin halving, citing historical data and spot ETF demand. Hougan views this year's Bitcoin halving as a "buy the news" opportunity for investors interested in the world's largest cryptocurrency asset class. The halving is a pre-installed code change designed by anonymous Bitcoin creator Satoshi Nakamoto to manage BTC inflation and maintain supply scarcity. Nakamoto built the system to decrease mining rewards by 50% every 210,000 blocks or four years. As block mining rewards are halved, the amount of new BTC entering circulation is likewise reduced. Many believe that this reduced supply, combined with increasing demand through spot Bitcoin ETFs, will result in higher prices by next year. Hougan, whose company is a BTC ETF issuer, supports this sentiment. Coinpass CEO Jeff Hancock has stated that Bitcoin has matured from a hobby and speculative market into a real asset with institutional interest. This cycle is bound to be different, especially in a high inflation, high-interest rate economy, according to Hancock.
BINANCE:BTCUSDLong
by DEXWireNews
7 hours Left to Bitcoin HalvingThe upcoming halving of Bitcoin, scheduled to occur today at approximately 9 p.m. ET, will reduce the miners’ block subsidy incentive from 6.25 BTC to 3.125 BTC. This reduction has historically led to fluctuations in the price of Bitcoin, often preceding significant bull runs in the Bitcoin market. However, there is no clear cause-and-effect relationship between halvings and price movements. Past price spikes for Bitcoin have occurred in the six months following each halving event, with the cryptocurrency reaching new all-time highs in each four years between these events. While some analysts predict that a new market cycle may be kicking off earlier than anticipated, it is clear that Bitcoin’s long-term uptrend remains optimistic. The increased institutional engagement and the introduction of exchange-traded funds for spot Bitcoin in the United States are significant factors that distinguish this upcoming halving from previous ones. Institutions have entered the market and are now shaping its trajectory, bringing with them a new level of credibility, stability, and interest from mainstream finance. This integration of Bitcoin into the global economy is paving new paths for its demand and utility. According to Scott Shapiro, Senior Product Director at Coinbase, the introduction of spot Bitcoin ETFs has reshaped Bitcoin's market structure, establishing a new anchor for BTC demand. Steady daily net inflows into these products could significantly benefit the asset class, especially as the rate of newly mined Bitcoin declines. However, it is important to note that demand factors, particularly ETFs and institutional adoption, will continue to play a significant role in influencing the price of Bitcoin. In conclusion, while the halving of Bitcoin has historically led to fluctuations in its price, the upcoming halving is likely to be influenced by demand factors, particularly ETFs and institutional adoption. The increased institutional engagement and the introduction of exchange-traded funds for spot Bitcoin in the United States distinguish this upcoming halving from previous ones. It remains to be seen how the market will react this time around, but it is clear that Bitcoin's long-term uptrend remains optimistic.
BINANCE:BTCUSDLong
by DEXWireNews
$CKB performing Falling wedge in 4hr TF Keep eyes on it Sure, here are three key points on how to trade in a falling wedge pattern: 1. **Identify the Falling Wedge:** Look for a downward sloping trendline connecting the lower highs and a second trendline connecting the lower lows, creating a wedge shape. The price should be gradually narrowing within this pattern, indicating a potential reversal. 2. **Wait for Confirmation:* * Wait for confirmation of a bullish reversal. This can be signaled by a breakout above the upper trendline of the falling wedge pattern, accompanied by increased volume. This breakout validates the pattern and suggests that buying pressure may be overcoming selling pressure. 3. **Set Stop Loss and Target:** Set a stop-loss order below the lower trendline to limit potential losses in case the trade fails. Determine a target price based on the height of the wedge pattern, measured from the initial high to the low within the wedge, and project that distance upward from the breakout point. This provides a potential profit target. Remember to always manage risk and be cautious of false breakouts by waiting for confirmation signals before entering a trade.
Long
by Crypto-Adda_Official
2
Bitcoin - Dont Fear The Dip MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here Even tho the bull market is here BTC has not fully mooned yet there is still time to buy on DIPS . The market has just hit a critical level but should go lower when ready. This is a bullish structure and dips are buys, when these dips happen BTC can start its move higher . This needs to be watched carefully. BTC To The MOON Please watch the video for more information
COINBASE:BTCUSDLong
by MartyBoots
BTC Bitcoin Halving Tomorrow!If you haven`t sold the Double TOP on Bitcoin: Then you need to know that tomorrow we have the Bitcoin Halving! What is a Bitcoin block halving event? Block halving events occur every four years or after 210,000 blocks on the Bitcoin blockchain. Initially, Bitcoin's block reward was 50 BTC. Presently, the block reward stands at 6.25 BTC, with the next reward dropping to 3.125 BTC. This reduction slows down the rate of Bitcoin generation. The halving is a programmed, periodic event embedded within Bitcoin's code. Why was this implemented? Conventional FIAT currencies often experience inflation because governments or banks can increase the money supply. In contrast, Bitcoin has a finite total supply of 21,000,000 BTC, meaning no additional coins can be generated beyond this limit. This fixed supply, coupled with potential shifts in demand as Bitcoin adoption grows, positions it similarly to gold - a resource with a restricted supply that cannot be artificially inflated. My new price target for Bitcoin after the halving is $52K.
Short
by TopgOptions
3
Bitcoin Price Nears $65,000 as Market Activity SpikesThe cryptocurrency market has been experiencing an increase in Bitcoin price, with the digital asset nearing the $65,000 mark. Recent statements have eased geopolitical risks slightly, while concerns about new conflicts opening in the Middle East are diminishing. The spot Bitcoin ETF channel is also seeing a revival in trading volume, indicating increased demand. BlackRock's spot Bitcoin ETF has recorded over $430 million in volume in about an hour, contributing to a 5% increase in ETF prices and promising for the coming hours. If IBIT sees strong net inflows before Asian markets open, a turnaround scenario for BTC could activate. As of the time of writing, CRYPTOCAP:BTC was attempting to surpass $65,000. Meanwhile, Anthony Pompliano, a prominent investor and cryptocurrency advocate, noted that Bitcoin ( TSX:BCT ) has increased by 800% since the last halving event, outshining the minor gains made by the Gold market in the previous five years. This comparative analysis between Bitcoin and gold underscores a shift in investment preferences, particularly among those seeking assets that can withstand and capitalize on market and economic fluctuations. In addition, Bitcoin's price of about $61,200 is still above the bank's volatility-adjusted comparison with gold and its projected production cost after the halving. The cryptocurrency has gained due to spot Bitcoin ETFs making large purchases and strategic acquisitions by investors in anticipation of the halving event, as well as concerns about the U.S. national debt and the debasement of the U.S. dollar. However, volatility still rocks the crypto market, with the asset bouncing between $61,000 and $64,000 less than two days before Bitcoin's halving. This market fluctuation triggered more liquidations in Bitcoin positions and across the broader digital asset ecosystem, with long CRYPTOCAP:BTC positions suffering the biggest hit on April 18 due to the token's brief drop under $62,000. Technical Outlook Bitcoin ( CRYPTOCAP:BTC ) is trading above the 200-day Moving Average (MA) with a weak Relative Strength Index (RSI) of 43.87 giving hodlers and daily traders the opportunity to horde the asset before the long-awaited halving which is set to occur in 2 days. The monthly price chart of Bitcoin ( CRYPTOCAP:BTC ) shows a symmetrical triangle in the long term.
BINANCE:BTCUSDLong
by DEXWireNews