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Bitcoinprediction

$BTCUSD - Short again at 69500 for the best gainsEverything is in the chart but lets review my take. Leaving wolfewave pattern aside, we were in an ascending triangle which broke down, uncommon but not rare sighting. Bulls were hoping it to break out but if I have learned anything from Bitcoin, it works against all odds. So we broke down and now bulls are trying really hard to get back inside it, which will make this triangle completely invalid and we may see 71-72k once again. On the flip side, if 69500 is not penetrated in next 4-8 hours, then we will retrace back as bulls will lose the steam and Asian markets will take over which is typically selling off things, and if Friday US market is in bad shape then bulls will turn bears to retest under 60k in coming week.
COINBASE:BTCUSDShort
by dad-bit
Markets React to Rate Cut News ETF outflows and government movement of crypto assets push price of BTC down: As we have seen in recent weeks, the price of BTC declined alongside increasing ETF outflows, as Cathie Wood’s ARK 21Shares Bitcoin (BTC) ETF experienced its first outflows, dropping from above $70K to a low of $64.5K on Tuesday. Further headwinds included the movement of 30,175 BTC by the U.S. government, sparking concerns over whether the assets would be sold or held in custody. Equity and crypto markets impacted negatively by May rate cut doubts: U.S. equities and crypto markets dropped this week as the market ruled out a rate cut coming in May, with the expectation that the June meeting will deliver the first rate cut of the year rising to 62.3%. US manufacturing expanded in March, and the personal consumer expenditures price index accelerated in February from the previous month, suggesting the economy is continuing to grow while progress on inflation has stalled. Altcoins and memecoins decline in response to BTC drop: Altcoins saw a heavy pullback in the wake of BTC shifting downward. AI-related tokens in particular saw some of the largest declines, while memecoins also experienced a slight correction following their strong run up in the past couple of weeks. SBF sentenced to 25 years on seven counts of fraud and conspiracy: Sam Bankman-Fried (SBF), the founder and former CEO of the collapsed crypto exchange FTX, was sentenced to 25 years in prison last week for seven different fraud and conspiracy charges. The FTX exchange was once valued at FWB:32B at the height of the previous bull market before collapsing as it was discovered that over SEED_TVCODER77_ETHBTCDATA:8B of customer funds had been stolen. 🥩 Topic of the Week: What is Staking? 👉 Read more here
GEMINI:BTCUSD
by Gemini
Nothing can stop it BTCMy previous long setup was pretty perfect. I entered lower wait for the panic to finish, and the support zone i marked worked perfectly. Now, you can do whatever you want, but for sure you can't short Bitcoin. Gold is rising without any break, and you can't stop the rise for BTC. I think we will see a new ATH probably before the Halving, and $75k is higly possible. I moved my stops in break even, but i think in the next 72 hrs we will see lot of volatility. Stay tuned
Long
by SaliJournal
6
Has Bitcoin already reached its peak, or just a Shakeout?Let's address the common question here:- Has Bitcoin already reached its peak, or is there still more potential for growth? Taking a look at the chart, Bitcoin (BTC) is presently trading near the 35-day Exponential Moving Average (EMA), a level that often serves as a short-term support for price bounces. The subsequent support level could be around the .382 Fibonacci retracement level, approximately at the $60.2k mark. Interestingly, this level coincides with the 65-day EMA, suggesting a robust support zone. Therefore, it's plausible to anticipate price consolidation between these EMAs, influenced by both lower time frame (LTF) and higher time frame (HTF) support levels. Moreover, a potential catalyst for a breakout could be the upcoming halving event. Historically, Bitcoin has experienced price rallies following halving events due to decreased supply issuance. This suggests a possibility of upward momentum post-halving. However, it's important to remember that no one knows with full certainty what will happen; this is all speculation. In summary, considering these factors, two plausible short-term scenarios have been outlined in the chart which I think can play out in the next few weeks! DYOR, NFA Please hit the like button to show your support. I will keep this chart updated and will post more this week. Thank you #PEACE
Long
by Cryptorphic
2
BITCOIN Outlook for Q2 2024Hello everyone, hope you guys had a great Easter Holiday. Same as in Q1, I decided to share with you What I Think is the Most likely going to happen with price in Q2 , purely based on current micro&macro economic conditions and indicators, plus what are charts presenting right now. Before I get to the business, I would like to reflect on my Q1 outlook, mostly because I believe things that were said and thought back then are still relevant today for future outlook (Q2), so I would suggest if you want to understand better, check out this first ↓↓↓ So when the year started, my Base Expectation was: " my Base Expectation is the market can still keep going higher. With occasional time to time not so significant price pullbacks (20-30% should be considered normal in this asset), UNTIL FED decides to START cutting rates. I guess everyone knows what happened next... We indeed rallied, in matter of fact, to the new ATHs at around 74k. This is impressive to me, considering the market conditions we are at right now and what is possibly coming soon (Q2). Finally it's time to get back to the business, so let's get to the "prediction" of what Q2 most likely bring upon us. So, I have to say, I believe that today Bitcoin conditions are harder to read than back in Q1 due to several reasons. One I already mentioned and its Price reaching New ATHs, but there are several others like CPI numbers are still elevated, potential upticks in unemployed numbers, FED balance, FED meetings and the most important - first Interest Rates cutting around the corner. These conditions make the market harder to read because of the Time Window that it provides for Price to "keep run going higher" before "expectations of reverse". Meaning, that market participants still expect the market to go higher, because there was not Rate Cuts yet, BUT Price already can be elevated enough and with Cuts around the corner process of Market Selling/Reversing may start sooner (being frontrunned) before the official Cut is done. Explained in chart pic. ↓↓↓ And since my Whole Idea is Based on previous time in History when we were in similar market conditions, either times were different (highier IR, highier CPI, price at ATH), I still expect Markets to do the same thing, because I believe that human behavior and psyche related to Markets not changing, so result should be same, until we proved otherwise. So basically, My Base Expectation for now is that this MAY(June/Q2), MAY be the worst time to become a Buyer/Bull for a prolonged period of time as we potentially already reached our TOP. That is because, as I mentioned in Q1 outlook: " 6. - !!! New REAL Bullmarket didn't Start until Interest Rates reached their bottom rate !!! Note, this time can be different due to inflation & elevated price levels, which cause more money in rotation, but IT SHOULD NOT change base line of reverse expectations when the correct time come - 1.FED start cutting, 2.FED stop (is DONE) with cutting, 3.bottom Rate is found " Aswell note, that the price of asset class (BTC) went down in time with FED balance sheet and even kept going lower due to the "recession scare" even when FED balance sheet started expanding, and that the New Bull market didn't start until FED printed ridiculous amount of money. Since I believe this perception of the Market is still valid, I will follow it further until I am proved wrong by the chart itself. = Price will be higher than 74k in July after the first rate cut already occurred. Hopefully, some of you found this post interesting and helpful in further market navigation. If YES, please consider liking or sharing this post, it would mean a lot to me. Thanks! Best regards, Joe
INDEX:BTCUSD
by cryptocapitaltrading
BTC Local top Head and Shoulder and RSI Divergence Well. It looks like Batman is poking its head on the RSI.... We have a very clear Head and Shoulders on the RSI....But not actually shown on price action. Predictive Sabers is pressing / punching sell. Liquidity Grab on 1 an 2 hr time frame has also been triggered. Sell signal and short signal have printed on multiple other algos and there is some Bearish divergence on the price vs rsi..... I'm going short now via 68K through 72K and ladder up the short.... I think its time for that final correction before the halvening. Am I right or am I wrong....only time will tell
BITSTAMP:BTCUSDShort
by BlockchainBreakdown
1
Bitcoin - How To Trade AprilHello Traders, welcome to today's analysis of Bitcoin. -------- Explanation of my video analysis: Last month Bitcoin finally broke above and also closed above the previous all time high which was roughly at the $60.000 level. Considering that Bitcoin is in a massively bullish market, we could just see more continuation towards the upside. But if we get a retest of the breakout level mentioned in the analysis, you can look for long setups if you are not long on Bitcoin yet. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
BITSTAMP:BTCUSD
by basictradingtv
13
Bitcoin's Price Fluctuations and Long-Term Market OutlookBitcoin's price has been consolidating below its 2021 all-time high of $69,138 for four consecutive weeks. The current technical outlook suggests that the risk of a correction to sub-$60,000 is high, with sell signals continuing to mount. The Momentum Reversal Indicator (MRI) provides a warning sell signal of a down yellow arrow, indicating a possible correction. This technical formation predicts that the next up candlestick will flash a red 'one' sell signal, forecasting a one-to-four down candlesticks. Therefore, it is likely that Bitcoin's price may experience a correction. The ideal levels for accumulation are between $53,120 and $59,111. Although it is an unlikely scenario, unusually high selling pressure could trigger an extension of the correction in Bitcoin price to the $45,156 weekly support level. Despite some doubts, Bitcoin's 15% correction sets the stage for potential gains with the upcoming Bitcoin Halving. Grayscale's ETF outflows have slowed down, and investors anticipate a positive outlook for the crypto markets. However, from a technical perspective, the short-term directional bias for BTC remains bearish. If CRYPTOCAP:BTC 's price flips the $75,000 level into a support floor, it may invalidate the current bearish outlook for $BTC.
BINANCE:BTCUSD
by DEXWireNews
Celebrate the Success of Bitcoin Cash Post-Halving!I wanted to take a moment to share some exciting news with you - Bitcoin Cash (BCH) has been outperforming Bitcoin (BTC) since the recent halving event! In the weeks following the halving, BCH has shown remarkable resilience and growth, surpassing BTC in terms of price appreciation and overall market performance. This is a clear indication of the strength and potential of BCH as a valuable investment opportunity. As we continue to navigate the ever-changing landscape of the cryptocurrency market, I encourage you to consider diversifying your portfolio and investing in BCH over BTC. With its strong performance post-halving, BCH presents a promising opportunity for traders looking to maximize their returns and capitalize on the current market trends. Don't miss out on the potential gains that BCH has to offer - seize the opportunity to invest in a cryptocurrency that is on the rise and poised for success. Join me in celebrating the success of BCH and take action today by adding BCH to your trading portfolio. Let's ride the wave of BCH's success together and make the most of this exciting time in the cryptocurrency market. Happy trading!
COINBASE:BCHUSDLong
by bryandowningqln
1
BTC - ready to reach 85k BTC will hit 85k in april according to my TA and calculations. this analysis is on 12h time frame and shows an important data. 🔸btc moving in an ascending channel as shown ... and it's 4 days move nearly and above 0.618 fib level 🔸the lower side of the channel , POC line and 0.618 fib level all gatherd in the green box shown in the chart making a confluence zone . 🔸elliot wave impulse as shown not completed yet. 🔸 only 21 days for btc halving Thank you, and for more ideas, hit "Like" and "Follow"!🎯 This analysis is not a trade setup; there is no stop-loss, entry point, profit target, stoplose. I share my trades privately.
Long
by ceciliones
14
BTC - Bullish Trend On For the Next 7 Days ☀️ Later today, a record worth of Bitcoin options, $9.5 billion, are set to expire, a factor that may cause volatility, The Block reports. The release of key US inflation data, the personal consumption expenditures (PCE) index, may also impact the crypto universe if the February data comes in above expectations. Analysts foresee the PCE index up 2.5 percent year-on-year, a level that remains above the Federal Reserve’s 2 percent target. Over the past 24 hours, price of Bitcoin was down 0.5 percent at $70,076, which is 5 percent below its all-time high reached mid-March. Yet, a bullish sun shines over most of the global crypto market, including Bitcoin and Ether, in the next 24 hours and week ahead. This signals further upside potential after a strong quarterly performance. Follow us for more crypto weather news and reports!
BITSTAMP:BTCUSDLong
by ATTMO