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Bitcoinprediction

Bitcoins newer all time highOn the 4-hour timeframe, Bitcoin appears to be within a distinct channel. This week, it experienced a decline, reaching the 65654 support level at the channel's bottom before rebounding. Currently, it has bounced off the 67562 support and is heading upwards. If it breaks above 69005, it could revisit all-time highs. Back on March 3rd, Bitcoin formed a flag pattern before reaching its previous all-time highs. Considering the length of the candlestick pole to the flag pattern, I anticipate Bitcoin may reach 75000 before a downturn, potentially returning to the support trend line around 54670.
BITSTAMP:BTCUSDLong
by samstoobad
Will Bitcoin Continue Its Pullback?Bitcoin (BTC) has experienced a remarkable surge since the speculation surrounding a potential Federal Reserve interest rate cut emerged. Recently, BTC hit an all-time high, reflecting the fervor in the market. However, it's essential to note that assets witnessing substantial increases often require a pullback or correction. Analyzing the daily timeframe from March 4th to March 13th, 2024, reveals indications of a bearish divergence pattern, suggesting an impending pullback. This anticipation materialized on March 14th and 15th, 2024, with BTC dropping from its all-time high of 73794 to 68166 at the time of writing, marking a decline of over 7% in just two days. Assessment of Fed Rate Cut Possibility: Despite the potential for a Federal Reserve rate cut should inflation continue to decline, the likelihood remains slim. Data from the Fed Watch Tools indicate a 99.0% probability of the Fed maintaining an unchanged interest rate during the March FOMC meeting. This prediction also aligns with the fact that the Fed's emphasis on reducing the Core PCE Price Index to its target of 2% year-on-year, while it currently stands at 2.8%. Technical Analysis and Implications: In addition to the factors mentioned, a technical analysis reveals that Bitcoin's prolonged rally since early February is poised for a significant pullback. The stochastic indicator clearly shows a lower high while the price sets a higher high, indicating a weakening trend. The observed bearish divergence in the daily timeframe signals a potential reversal in the upward momentum. This corrective movement aligns with market dynamics and the absence of strong indications for a Fed rate cut. Therefore, traders and investors in the BTC market should exercise caution and anticipate increased volatility as the asset undergoes a corrective phase. Conclusion: The recent surge in Bitcoin's value amidst speculation surrounding a potential Federal Reserve rate cut has been remarkable. However, technical analysis suggests a high likelihood of a substantial pullback, as evidenced by the observed bearish divergence pattern and the weakening trend indicated by the stochastic indicator. Given the low probability of a rate cut by the Federal Reserve in the upcoming meeting, market participants should brace themselves for increased volatility and potential corrections in the Bitcoin market.
BITSTAMP:BTCUSD
by fardycurry
BTC Downside Risk and Bearish Trend for the Next 7 Days 🌧️The cryptocurrency trend was sharply negative over the past 24 hours, as the latest US macro data signal further reasons to delay the long-awaited rate cuts. After reaching another all-time high (ATH) on Thursday, Bitcoin fell below the $68,000 threshold for the first time since March 8. Investor sentiment dipped on the news, dragging down both stocks and cryptocurrencies. Bearish clouds have swept over the global crypto market. The negative trend will persist for the next 24 hours and week, signaling downside risks for Bitcoin, Ether and most other tokens covered by ATTMO. Only Avalanche and Polkadot are set to profit from a bullish sun and upside potential in the next 24 hours, before the bearish clouds reach them as well. Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDShort
by ATTMO
BTC Rally Continues? ☀️ Week Ahead? The upward trend of cryptocurrencies continued, with Bitcoin reaching yet another all time high this morning at $73,777. The world’s largest cryptocurrency has rallied 74 percent since the beginning of the year compared to the S&P 500’s and Nasdaq’s 9 percent and the Nikkei’s 28 percent. Bitcoin will continue to profit from a bullish sun in the next 24 hours and week, indicating further upside potential, ATTMO shows. “As #Bitcoin now closes in on its final 5 weeks before the highly anticipated #halving, its price action and continued #AllTimeHigh levels are major topics. #Blackrock and #AI assets are also gaining crowd interest & having an impact on #cryptocurrency,” the crypto analytics firm Santiment said. “This Bitcoin bull market is not over,” said Head of Research at 10x Research, Markus Thielen, adding Bitcoin has the potential to climb to $146,000 by this summer. The digital asset research consultancy, however, sticks to a $125,000 price target. The price of Bitcoin rose 0.5 percent to $73,326 over the past 24 hours. Some believe that the current rally is driven by a wider adoption of crypto assets following the approval of spot Bitcoin exchange traded funds (ETFs) in the US. The approval has been seen as an endorsement of digital assets by the regulator. “All of a sudden, the US has broadly embraced Bitcoin… Americans like Bitcoin and digital assets. This will be an issue for the Democrats . Baby Boomers are putting in small amounts in ,” Mike Novogratz, the CEO of the crypto Investment firm Galaxy Investment Partners told CNBC. Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
When to Sell Bitcoin and exit the Market?BITSTAMP:BTCUSD When to Sell? This analysis is based solely on Price action and how #Bitcoin behaved throughout its history. It always took #Bitcoin between 33 Weeks and 47 Weeks to reach new ATH after crossing the old ATH. based on this we are having a very RED ZONE between December 2024 and February 2025, in which #Bitcoin will highlikely reach new ATH before entering the ultimate #BearMarket i am selling all my bags by then. For now we hold.
INDEX:BTCUSD
by Lucas_CryptoLab
Bitcoin - Triangle BreakoutHello Traders, welcome to today's analysis of Bitcoin. -------- Explanation of my video analysis: After the quite expected break and retest on Bitcoin in December of 2022, Bitcoin started the next bullrun with a move of +350%. Furthermore Bitcoin is about to break out of a long term ascending triangle formation which could lead to seven-figure price targets. But first I am waiting for a retest of the level mentioned in the analysis to then add to my long positions. -------- 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
7
BTC Surges to New Heights Amidst Strong Institutional DemandBitcoin ( CRYPTOCAP:BTC ), the flagship cryptocurrency, continues its meteoric rise as it surged to new record highs of $73,080 amidst strong demand and significant institutional inflows. With bullish momentum propelling its ascent, Bitcoin's ( CRYPTOCAP:BTC ) price trajectory reflects renewed confidence from investors and heightened institutional interest. Institutional Inflows Drive Price Surge: Bitcoin's ( CRYPTOCAP:BTC ) resurgence can be attributed to robust demand fueled by substantial inflows into recently approved Exchange-Traded Funds (ETFs). Institutional investors are pouring funds into Bitcoin ETFs, limiting the available supply and driving prices higher. This institutional validation underscores Bitcoin's growing acceptance as a legitimate asset class and its integration into mainstream financial portfolios. Technical Analysis and Price Targets: We suggests a sustained break above the $70,000 level, further strengthening Bitcoin's bullish structure. We anticipate an initial target at $74,767, followed by psychological barriers at $80,000 and $81,531. However, caution should be warranted due to strongly overbought daily indicators and diverging momentum, signaling the potential for a correction. CRYPTOCAP:BTC 's Relative Strength Index (RSI) also indicates strong bullish momentum at 80. Expert Insights from Galaxy Digital CEO: Mike Novogratz, CEO of Galaxy Digital hedge fund, remains optimistic about Bitcoin's stability and the contributions of spot ETFs to its rally. Despite acknowledging the possibility of a market correction, Novogratz emphasizes that Bitcoin's support levels remain robust, with minimal downside risk. He highlights the role of spot ETFs in limiting supply and fueling upward momentum, projecting continued upside for Bitcoin. Spot ETFs and Institutional Adoption: Spot ETFs have emerged as a significant driver of Bitcoin's recent surge, with record-breaking inflows observed in March. Led by institutions like BlackRock, these ETFs reflect growing institutional recognition and adoption of Bitcoin as a strategic asset. Institutional demand for Bitcoin is expected to persist, further supporting its upward trajectory. Ethereum's Regulatory Environment and Potential ETF Launch: Novogratz also discusses Ethereum's transition to a proof-of-stake consensus mechanism and the regulatory environment surrounding it. He anticipates the possibility of a spot Ethereum ETF following regulatory clarity from the Securities and Exchange Commission (SEC), mirroring the trajectory of Bitcoin ETFs. The discourse on cryptocurrency scams, fueled by Elon Musk's commentary, underscores the evolving regulatory landscape and its implications for digital assets.
BINANCE:BTCUSDLong
by DEXWireNews
Bitcoin Monthly Fibonacci - Breaking OutBitcoin has recently crossed $69,340.42. A key Fib level for Bitcoin. During the 2020-21 bull run we trended upward heavily for 7 Months before our first correction. October to March was the period. How familiar. In our current uptrend we started a month earlier in September in rather than October, although, this month showed somewhat stale moves so I will be excluding it. Let me reiterate: 7 Months. October 2020, March 2021. 7 Months. October 2023, March 2024. History may not always repeat itself. This time institutions and a whole other level of money is involved, however, this is some food for thought considering how close the timeline is to 2020-21. If we push past $90,000.00 before the 14/04/2021 there will be a high probability (based of the last cycle) of a three month consolidation from the high that is made before the second leg of the run.
BINANCE:BTCUSD
by lucas-29
Bitcoin Inflow Volumes Poised for Surge? RSI Hints at Upswing## Bitcoin Poised for Surge? RSI Hints at Upswing Technical indicators on TradingView suggest Bitcoin may be primed for a rise in price. The Relative Strength Index (RSI) on the 2-hour timeframe, which measures price momentum based on 14-minute intervals and volume, currently sits at 48. This value indicates that Bitcoin is neither overbought nor oversold, potentially signaling a healthy position for further upward movement. While a reading of 48 on the RSI is positive, it's important to consider this data point alongside other technical indicators and market conditions. Combining RSI analysis with other factors can provide a more comprehensive picture of Bitcoin's potential price trajectory. Analysts are cautiously optimistic about Bitcoin's future, with some predicting a surge towards $88,000. However, the cryptocurrency market remains volatile, and unforeseen events can significantly impact prices. It's crucial to conduct thorough research and implement sound risk management strategies before making any investment decisions.
Long
by Henrywaters
Bitcoin Inflow Volumes Poised for Surge? RSI Hints at Upswing ## Bitcoin Poised for Surge? RSI Hints at Upswing Technical indicators on TradingView suggest Bitcoin may be primed for a rise in price. The Relative Strength Index (RSI) on the 2-hour timeframe, which measures price momentum based on 14-minute intervals and volume, currently sits at 48. This value indicates that Bitcoin is neither overbought nor oversold, potentially signaling a healthy position for further upward movement. While a reading of 48 on the RSI is positive, it's important to consider this data point alongside other technical indicators and market conditions. Combining RSI analysis with other factors can provide a more comprehensive picture of Bitcoin's potential price trajectory. Analysts are cautiously optimistic about Bitcoin's future, with some predicting a surge towards $88,000. However, the cryptocurrency market remains volatile, and unforeseen events can significantly impact prices. It's crucial to conduct thorough research and implement sound risk management strategies before making any investment decisions. #btclong
Long
by asianwhales
Bitcoin’s 4 year cycleRed line: peak Green line: bottom Red range: peak to peak Green range: buttom to buttom Yellow range: peak to buttom Black range: buttom to peak Using the 2 constant ranges, the next peak and buttom month can be derived. Black range: Jan 2015 buttom to Dec 2018 peak took exactly 35 months Dec 2018 buttom to Nov 2021 peak took exactly 35 months So 35 months from Nov 2022 buttom is Oct 2025, indicating bitcoin may likely peak then. Green range: Jan 2015 buttom to Dec 2018 buttom took exactly 47 months Dec 2018 buttom to Nov 2022 buttom took exactly 47 months So 47 months from Nov 2022 buttom is Oct 2026, indicating bitcoin may likely buttom then. This assumes the trend continues
INDEX:BTCUSDLong
by XOanalysis