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Bitcoinprediction

BTC is falling to 52.000$?Hey guys! Today, I'm seeing a rather dim picture for Bitcoin. It appears that we're currently experiencing ABC Elliott correction waves. Furthermore, despite a minor uptick, I'm observing a bearish divergence, and overall, trading volumes seem somewhat weak. The weekly support line is situated around $52,000. Additionally, historically, BTC tended to correct 2-3 weeks before halving events... If you're considering trading this movement, don't forget to set up a stop-loss and follow a risk management strategy. What are your thoughts, guys? Do you believe we'll retest $52,000, or are we headed back towards reaching $100,000?
Short
by SheTradesHub
4
BTC reaching 100.000$? When?Here is a long-term analysis aimed at understanding when BTC is likely to reach $100,000. According to previous movements, we are currently in the Elliott Waves pattern, specifically in the 3rd wave, which typically represents the largest movement in the pattern. Therefore, during the summer, we can expect consolidation, characterized by ABC correction waves. Around the beginning of the new year, we will likely enter the 5-wave model again, with the 3rd wave coinciding with the time approximately one year after the halving, typically around March-April. Subsequently, the 5th wave is projected to occur around the winter of 2025, with a target range of $100,000 to $110,000. Additionally, based on analysis of previous years, BTC has exhibited growth in an descending progression. For instance, the first significant movement saw a 9000% increase, followed by around 3000% in the second, and approximately 1000% in last. Hence, it's reasonable to anticipate that the percentage increase in the next movement will likely be around 400-500%. What are your thoughts, folks? When do you think BTC will reach $100,000 or higher?
BITSTAMP:BTCUSDLong
by SheTradesHub
1
Swing trade for Bitcoin (BTC1!) - 1-hour chartBitcoin futures managed to fid support above $60k before snapping a 4-day losing streak. Bullish momentum increased from GETTEX:64K , and the move lower since appears to be corrective in nature against the strong rally from $64k. A bullish outside / engulfing candle formed around the 50% retracement level and above Wednesday's daily TPO VAH time price opportunity, value area high). The bias is now for a move higher towards SWB:69K , with the potential for a move to $70k. At which point we'll seek evidence of a bearish reversal, given price action clues on the weekly and daily charts.
CME:BTC1!Long
by CityIndex
BTC Fractal - What's next for Bitcoin after NEW ATH?📉Hi Traders, Investors and Speculators of Charts📈 BTC had recently formed a new ATH, and we're a few weeks away from the BTC halving. What I see is the potential for two scenarios playing out, both based on fractals ( bullish and bearish ). Both fractals will have certain conditions, and I will point them out in detail so we will know what to look for. From a diagonal trendline analysis, 61K is a potential touch point. If we lose this support , the bearish fractal becomes more likely. The potential bearish fractal: The other scenario that is a possibility, is a correction followed by a longer period of range/sideways trading before an even higher new ATH, as we saw right after the ATH in 2013: This scenario is more likely when we stay ABOVE the 60k support zone. From a larger timeframe, that fractal played out like this: From a macro perspective / multi-month / multi year, I believe BTC has even higher highs in store: NOTE : Because there are so many large institutions in the game this time, I don't expect the correction to be as big as per previous cycles. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:BTCUSDT
by CryptoCheck-
Should Bitcoin Bulls Be Concerned?In my previous analysis of BITSTAMP:BTCUSD , I expressed my expectation for Bitcoin to reach a new all-time high, which indeed occurred as the price broke above 70k and sustained that level for several days. However, following a brief test around 74k, the price began to decline and fell back below 70k. Now, a crucial question emerges: Is this a change in the bullish trend? In my view, it is not. Even though the current price of BTC sits at 65k, I interpret this as a normal correction rather than a reversal of the trend. Technically, the situation appears clear and uncomplicated: the trend remains strongly bullish. Even if the price were to drop to the 60-61k zone, I believe there should be no cause for concern, rather a good opportunity to buy. This zone represents a convergence of factors: the trendline, a horizontal level established after the initial ATH, and a psychological level. In conclusion, what we are witnessing is a typical correction. Even a drop to 60k, constituting a 20% decrease, should not unsettle anyone, given the robust bullish trajectory observed since November 2023. Best of luck! Mihai Iacob
BITSTAMP:BTCUSDLong
by Mihai_Iacob
18
BTC Losing 60K Support or Retracing in 3 Days? The cryptocurrency trend over the past 24 hours was sharply negative, as investors await the Federal Reserve’s interest rate projections on Wednesday. A rate cut is not on the cards, but comments about the timing and speed of the rate cuts expected later this year are eagerly awaited. The price of Bitcoin dropped 4.9 percent to $65,113 over the past 24 hours, 12 percent below its all-time high reached last Thursday. Bearish clouds, rain and even storms linger over the global crypto market in the next 24 hours and over a one-week horizon, with none of the crypto tokens covered by ATTMO being spared. Downside risks predominate in the short term but looks like some sun is about to shine on Bitcoin in 3 days, signaling a slight and potential recovery. Follow us for more crypto news and weather reports!
COINBASE:BTCUSD
by ATTMO
📈Bitcoin Next Stage 75K? / Trading setups (Updates soon)📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. A few hours ago, before I left the Bitcoin analysis chart. I drew two bullish and bearish scenarios for Bitcoin. Despite being late for a valid entry, I still think Bitcoin will go near the $75,000 level before the price correction. However, in the current situation, Bitcoin should not go back below the pitchfork nearest line (blue line). A bearish scenario could happen sooner if Bitcoin returns below the indicated blue line. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
Long
by CrazyS
Why Is Bitcoin Price Falling Today? The recent rollercoaster ride in the cryptocurrency market, particularly the sharp slump in Bitcoin prices by nearly 7%, has left investors and enthusiasts scrambling for explanations amidst the tumultuous volatility. From cautious trading ahead of the Federal Open Market Committee (FOMC) decision to concerns over Bitcoin ETF outflows and whale selloffs triggering fear, uncertainty, and doubt (FUD), the crypto landscape is rife with speculation and debate. Cautious Trading and Central Bank Uncertainty: Leading up to the FOMC decision, the cryptocurrency market exhibited a sense of caution, with investors adopting a wait-and-see approach. Heightened concerns over inflation, fueled by recent data including the U.S. Consumer Price Index (CPI) and Producer Price Index (PPI), have cast a shadow of uncertainty over the Federal Reserve's monetary policy stance. This uncertainty has prompted investors to reassess their expectations, particularly regarding interest rate cuts, and has underscored the market's sensitivity to central bank actions. Bitcoin ETF Outflows and Market Sentiment: The recent outflows observed in U.S. Spot Bitcoin ETFs mark a significant shift in market sentiment, raising questions about the sustainability of Bitcoin's upward trajectory. Notably, Grayscale's GBTC experienced its highest outflux since inception, signaling a reversal in investor sentiment. This trend, coupled with overall outflows from Bitcoin ETFs, has dampened market participants' confidence and exacerbated concerns about ongoing market volatility. Whale Activity and Market Dynamics: The activity of large-scale Bitcoin holders, commonly referred to as whales, has added another layer of complexity to the market dynamics. A notable instance occurred on the BitMEX exchange, where a significant whale offloaded over 400 CRYPTOCAP:BTC , causing a temporary price plummet. While such moves are not uncommon in the crypto space, they have the potential to fuel FUD among retail investors, contributing to market instability. New Whales and Support Levels: Amidst the market turbulence, new large wallet investors have entered the fray, establishing solid support at $56,400. These institutional players, including customers of BlackRock and Fidelity, have significantly bolstered Bitcoin's market resilience. Their entry into the market via spot ETFs reflects growing institutional interest and underscores the diverse investment strategies shaping the crypto landscape. Bitcoin Price Outlook and Short-Term Holders: As Bitcoin price fluctuates and support levels are tested, the fate of the market remains in the hands of short-term holders. While the influx of new investors is bullish for CRYPTOCAP:BTC , it also raises concerns about potential corrections as short-term holders contemplate selling. Nonetheless, with the halving countdown underway and institutional FOMO driving net inflows into spot ETFs, Bitcoin's long-term prospects remain promising despite short-term volatility.
BINANCE:BTCUSDShort
by DEXWireNews
Cryptolean Bitcoin BTC Update Bitcoin found a support at $64,360 and is having a bullish pullback, however IMHO, it is temporary. Below $69,654, BTC will be under bearish pressure. A sustained price action below $69,654 will push BTC price to re-test $64,360 and, possibly, lower to the key daily support at $59,920. Bitcoin has to move bullish and break through $73,423 for another bullish extension towards $78,223-$82,353. Intraday Chart Bitcoin is testing the bottom of the intraday range zone at $67,227 and below it is a bearish territory. A bullish rejection of $67,227 will push price to $70,692, however the move will be slow and choppy. A bearish break-out of $67,227 will lead to a re-test of $65,364 and lower to $61.562-$63,143, the key intraday support. Like once read! Thank you.
by Trade-Lean
BTC Slightly Bullish 24H ☀️; Bears Back in 3Days ☁️Cryptocurrencies regained some strength after having dropped sharply on Friday and over the weekend, with Bitcoin trading 7 percent below its all-time high (ATH) of $73,628 reached on Thursday. This volatility triggered liquidations of long positions of almost $900 million. The inflow of assets into the nine spot Bitcoin exchange traded products (ETFs) launched in mid-January is one of the factors that has driven the price of Bitcoin up over the past weeks. The price of Bitcoin increased 4.6 percent to $68,550 over the past 24 hours, and is up 32 percent over the past month. “Bitcoin started to sell off on Friday morning Asia time when Fidelity reported only $14m of inflows (for Thursday) vs. $280m the prior day. Bitcoin traded at $72,000 when the number came out. When BlackRock reported inflows of just $140m for Friday, Bitcoin sold off over the weekend. As Bitcoin broke the uptrend, liquidations were triggered, and Bitcoin fell to $65,000,” noted the Head of Research at 10x Research, Markus Thielen, who expects a further decline down to $59,000. The data analytics firm CryptoQuant points out that it’s largely short-term Bitcoin investors, those having held the token for less than five months, that are taking large profits right now. According to ATTMO, bullish sun will shine over Bitcoin in the next 24 hours. However, over a one-week horizon, bearish clouds will sweep in over a large part of the crypto universe and Bitcoin and most alts will face downside risks. Follow us for more crypto weather reports!
BITSTAMP:BTCUSD
by ATTMO