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Bitcoinprediction

Forecasting Bitcoin Dominance and the Upcoming Alt SeasonWe'll try to predict the movement of Bitcoin Dominance. The last cycle from bottom to top took approximately 1085 days. If we apply 1085 days to our cycle, it turns out that Bitcoin will complete the growth of Bitcoin Dominance around May 6, 2024, coinciding with the channel's peak around 58% ±. The channel's bottom will act as the 32%± zone and indicated a rapid fall in 133 days as it happened in 2021. We are already close to the alt season. What about Bitcoin? For Bitcoin, I will wait for a signal on the 3-week timeframe that the growth has finished. I will no longer guess corrections :)... CRYPTOCAP:BTC #Bitcoin What is bitcoin dominance? Bitcoin dominance is the ratio between the market capitalization of Bitcoin to the total market cap of the entire cryptocurrency market. It gives a sense of Bitcoin's value relative to other cryptocurrencies, and is frequently used by investors and traders to try to help them make better investment decisions. Indicator (for 3-week timeframe):
CRYPTOCAP:BTC.DShort
by UnknownUnicorn285026
7
Bitcoin Hits New All-Time High Price Above $69,000 😱😱😱😱😱Bitcoin ( CRYPTOCAP:BTC ) today set a new all-time high price above $69,000, as investors and traders rush back into the cryptocurrency market. The digital asset surged to about $69,324.58, according to price data on Coinbase. That's a 4% 24-hour rise. Over the past 30 days, the asset has soared by more than 58%. Its previous all-time high of $69,044 was set on November 2021, over two years ago. Since the start of 2023, CRYPTOCAP:BTC is up by more than 300%. Prior to that, and following a brutal bear market, it was trading for less than $17,000 per coin. The most significant catalyst is the approval and successful launch of 10 spot Bitcoin ETFs. After a decade of denials from the SEC, the tide turned in June of last year when BlackRock—the world's largest asset manager—submitted its own application for a Bitcoin exchange-traded fund. The renewed interest from big investors and other major Wall Street firms that followed kickstarted a bullish Bitcoin rally, and the asset began to climb back up the price charts. By the end of the year, Bitcoin ( CRYPTOCAP:BTC ) was trading comfortably above $42,000. When the Securities and Exchange Commission finally approved Bitcoin ETFs in January, the price of Bitcoin got a modest bump, but then dipped as crypto traders appeared to "sell the news" and took their profits. Since late January, however, the price of Bitcoin ( CRYPTOCAP:BTC ) has skyrocketed as interest in ETF products increased and retail investors came back into the fold.
BINANCE:BTCUSDLong
by DEXWireNews
Bitcoin- Will the "Black Swan" fly this time?As a seasoned trader, I often approach predictions with caution and realism, relying on technical analysis and common sense to guide my decisions. However, in the realm of cryptocurrency, particularly Bitcoin, recent price movements have sparked a sense of speculation and wonder. Could we be on the brink of a "black swan" event, characterized by an unprecedented rise without a significant correction? Reflecting on recent trends, in my analyses, you may have noticed my reserved demeanor and propensity for realistic predictions. Yet, the current trajectory of Bitcoin's price prompts me to entertain a notion previously dismissed – the possibility of a remarkable surge without the anticipated correction. Following the release of the ETF, I, like many others, anticipated a correction from 45 to 36, only to witness the market defy expectations. Since then, I've adopted a cautious approach, engaging in strategic buying with small targets(5-10%) and tight stops. Contemplating the unthinkable, returning to the heart of the matter, and setting aside technical analysis and conventional wisdom, one question looms large: Could Bitcoin soar directly to 100k without the anticipated correction, as projected by many technical analysts? I'll temporarily set aside the exuberant sentiments of the "Lambo gang"... Conclusion: As we navigate the dynamic landscape of cryptocurrency trading, it's essential to remain open to all possibilities, including those that defy conventional wisdom. While the prospect of a "black swan" event in Bitcoin's price surge may seem improbable, recent market dynamics compel me to entertain the notion with a cautious yet curious mind.
COINBASE:BTCUSDLong
by Mihai_Iacob
14
Bitcoin Continuation to $60k this MarchBitcoin ETF flows have continued to exceed recent expectations. On average it would seem we have been seeing about $500M in new money come in every day. If this continues, which I expect it will, price will continue toward the previous Bitcoin ATH around $70k very soon. In short term however, I think price will hit the $60k area by or in March. This is the measured move of a large bullish megaphone pattern, that just successfully completed a retest of the upper boundary at $50k. Happy trading!
INDEX:BTCUSDLong
by HaydenOtto
Bitcoin Technical Analysis: Key Resistance and Potential RetraceBitcoin (BTC) has recently encountered a crucial resistance level at its previous all-time highs. Given this development, we anticipate a substantial retracement in price. However, our outlook remains optimistic, with the potential for a continuation towards the $80,000.0 mark. Our trading strategy involves closely monitoring the 1-week timeframe. Specifically, we aim to enter the market during the 50% to 61.8% Fibonacci retracement zone. Our profit target is set at 2R, emphasizing risk management and reward-to-risk ratios. Disclaimer: This analysis serves as an opinion and should not be construed as financial advice. Traders and investors should conduct their due diligence and seek professional counsel before making any trading decisions.
OANDA:BTCUSDLong
by tradingwithanthony
The Chosen OneI believe Bitcoin is about to fulfil its destiny. I personally doubted it would for the last few years. Not just because of the ever present declining price, but I suppose I became so disenfranchised with the entire space. The 'alts', the exchanges, the stable coins etc., all rotten elements birthed from greed and ego. Nonetheless, with the events regarding Silicon Valley Bank this week, it became clear once more that the prophecy of the Chosen One lives on. The path is not easy. I believe there is a chance BTC rips high, and soon, if not immediately. My reasons for the expecting a good year for BTC are: - The world is stuck dead centre between trying to curb inflation, and avoid deflation. The latter is complete collapse . - There has been a cleansing of the space. Exchanges have blown up, scammers found out, alts long forgotten. To be sure, not enough of it - but it will continue even when BTC rises. - Anything crypto related is hated right now. Its reputation nuked after 2 years of embarrasment. The public hates it. This is good. Sentiment is rock bottom. - This year, people, on a massive scale, will learn that traditional banks are basically fractional reserves, and their money is never fully safe. Self custody with BTC is the answer. - The halving is less than a year away. You will notice the big red box on the chart. I've highlighted this time frame as I believe it will yield something catastrophic. We can all feel it. I'm not sure what it will be, but I believe it's a narrative for BTC to prosper with - but then also die with (depending on severity of the doom). These issues must be highlighted: - The war in Ukraine. This is so much bigger than everyone thinks. So many things are tied to this. You should also know that it has been getting progressively worse. There is no end in sight. - Because of the above. We now exist in a multipolar world. This increases risk and randomness in basically every category, in every location. - Western society is clearly broken. It's no longer the Grey Havens it was for the 65 odd years post WW2. Everything is in ruin, and sadly, everyone hates each other. - There are infinite economic issues. Military rhetoric is increasing. Trust in governments post Covid is zero. Something is likely to snap. I could continue to dribble on, but the above forms my thesis for the next 12-36 months. It's all connected. Regarding BTC trading specifically: - Ideally buy ASAP. Anything from 15-25k is a minimum 6-9x. Short term price action is going to be messy. Likely big % swings both ways. - Don't trade short time frames this time. With continued attacks on exchanges and stable coins (and their subsequent collapses/ de-peggings), I expect price movement to be EXTREMELY illiquid. - I expect banks around the world might try and stop users from sending money to exchanges to buy BTC. Be wary of this. - Don't touch alts. This is not 2020 when money printer made every thing on earth increase in price. There are no more greater fools to profit from. This is the final boss. Only BTC can defeat it. Everything else is already dead. - Price expectations are: minimum 50k by 3rd quarter of this year. As high as 280k in 18 months. Unknown beyond (not ruling out mega crash during the doom). - Stocks may experience a melt up, blow off top - or trend bearish. Arguments can be made for both sides. - Below 10k I'm wrong and BTC for whatever reason is likely dead or irrelevant. Bitcoin is the Chosen One. It always was. There is a path to the moon, but it is fraught with danger and even the complete collapse of society itself. This is not about profits, this is about survival in whatever it is that comes next. After nearly a decade in this space, and 7 years trading BTC, this is my final trade.
BITSTAMP:BTCUSDLong
by naldo
3
Bitcoin 💵:Navigating the Perils of Market SpeculationThe Temptation of the Bitcoin Mirage Ladies and gentlemen, In the vast and volatile landscape of financial markets, one phenomenon has captured the imagination of investors and speculators alike: Bitcoin. The allure of quick riches and the promise of a decentralized future have propelled this digital currency to unprecedented heights. However, amidst the fervor and frenzy, it's imperative to recognize the inherent dangers lurking beneath the surface. The meteoric rise of Bitcoin has been nothing short of astounding, but history has taught us that what goes up must eventually come down. The danger lies not only in the potential for astronomical gains, but also in the very real risk of catastrophic losses. Market speculation, fueled by greed and fueled by fear, has the power to distort reality and lead to irrational exuberance. We've witnessed the wild fluctuations of Bitcoin, soaring to dizzying heights one moment, only to plummet to earth-shattering lows the next. This rollercoaster ride is not for the faint of heart, and those who dare to participate must tread carefully. The allure of quick profits can blind even the most seasoned investor to the fundamental principles of prudent financial management. It's easy to get caught up in the hype, to chase the next big thing without fully understanding the risks involved. But make no mistake, the danger is very real, and the consequences can be devastating. As we navigate these treacherous waters, it's essential to exercise caution and restraint. We must resist the urge to succumb to the herd mentality, to follow the crowd blindly into the abyss. Instead, we must approach the market with a healthy dose of skepticism and a keen awareness of the risks at hand. Bitcoin may indeed hold the promise of a decentralized future, but it also embodies the dangers of unchecked speculation and market volatility. The road ahead is fraught with peril, but with careful navigation and prudent decision-making, we can steer clear of the pitfalls and emerge stronger on the other side. In conclusion, let us not be seduced by the siren song of easy riches, but rather, let us approach the market with humility and foresight. The dangers are real, but so too are the opportunities for those who dare to tread carefully. Thank you.
BITSTAMP:BTCUSDShort
by TrojanBible
I think we're going straight to 80k!Traders, The demand for BTC from these ETFs has been insane. The last I read on this about 2 weeks ago was that ETFs were demanding over 12x what miners could supply. And this is still pre-halving. Add to this the facts that only 24% of BTC remains liquid and there is continued institutional demand in other countries opening up and you can quickly understand from some simple math that Bitcoin is in the beginning stages of a massive supply shock. Even multi-year resistance levels are blown up like they are nothing. I honestly have not seen technicals rekt to the degree they are recently. Fundamentals far outweigh technicals at this point. However, we are still going to chart, observe and denote technicals where they may be of use to support current fundamentals. In this case, I wanted to demonstrate what the technicals are showing more recently. We have here an inverse H&S pattern. Our target ends up being 80k which intersects exactly with another ascending TL I have mapped here. Honestly, I think we could go straight to 80k without any sort of pullback at this point. We did not pullback at our multi-year support/resistance from 2019. If we were going to pullback, that is where we might have done it. Another point of possible pullback is 70k. We're almost there rn and there is no signs that we are going to stop. I think 80k is in the cards and we didn't even get a pullback and retest of our 48k neckline! I am absolutely amazed by this. Then again, I have never really witnessed a supply shock in real time. Stewdamus
INDEX:BTCUSDLong
by stewdamus
A Trend of Bitcoin of what could happen compared to last weekBitcoin's remarkable journey over the past week, witnessing an astonishing surge of $12,000 in just 48 hours, takes on an even more intriguing dimension when viewed through the lens of the Gann Fan, which was initiated in January 2023. This historical context adds depth to the unfolding narrative of Bitcoin's ascent. Since the Gann Fan's inception, its angles have become a captivating guide, tracing the trajectory of Bitcoin's price movements with remarkable precision. The recent surge aligns harmoniously with the established angles, further reinforcing the strength of the trend initiated back in January 2023. As we navigate through the Gann Fan's geometric patterns, it becomes increasingly evident that Bitcoin's upward momentum is not a mere short-term spike but a well-supported and sustained trend. The fan's angles, designed to capture the essence of price movements, hint at a continued journey upward, creating an air of anticipation for the week ahead. Investors who have followed the Gann Fan's signals since its inception are witnessing the unfolding of a strategic and well-defined path. The charts, intricately woven with the threads of time and trend, tell a story of resilience and growth that extends beyond recent market dynamics. As we brace for the upcoming week, the Gann Fan stands as a testament to Bitcoin's journey, showcasing its ability to not only weather market fluctuations but to thrive amidst them. The fusion of historical context and current momentum creates a compelling narrative, suggesting that the week ahead may unveil another chapter in Bitcoin's remarkable evolution, guided by the principles embedded in the Gann Fan since January 2023
Long
by chrisGTR
Bitcoin to $100KOverview Bitcoin is the best litmus test for the crypto market. Whenever I can't get a read on a particular token, I refer back to Bitcoin. After reviewing the chart I believe Bitcoin is on route to $100K. Honestly, I wouldn't be surprised if it rockets pass this price and hits the next key Fibonacci level around $150K but that is months down the line. For now I'd like to stick with a March '24 prediction. Trading Patterns Bitcoin appears to be setting up for an Inverse Head & Shoulders or a Cup & Handle pattern. While both are bullish signals it does imply there will be a temporary dip in the price before further buying volume ensues and takes it to new highs. Scenario 1 (Inverse H&S) An Inverse H&S could result in a correction back to $35K-42K if it comes to fruition. Scenario 2 (Cup & Handle) A Cup & Handle could result in a correction to the same range with a more likely price target near 42K. Supporting Theory You may be wondering what the white vertical line is in both of the trading pattern scenarios. It marks the next FOMC meeting which occurs on 19-20 March 2024. I believe a significant correction is going to occur within the equity market following this meeting and while its timing in relation to the development of these trading patterns could be coincidental, I believe it supports the idea that the crypto market may also experience a drawback. Now I think it goes without saying that I don't believe these corrections will be a market reversal back into a crypto winter. I just believe the FOMC is going to finally make changes regarding the Fed Rates and that, when it does, regardless of whether they are increased or decreased the large investors are going to withdraw for two reasons: 1) Realize profits 2) To get a feel for the direction of the market moving forward Once the second condition has taken place then I believe both the equity and crypto markets will continue their rallies as the "whales" reinsert their liquidity. March Price Prediction Everything aside, I believe Bitcoin will continue to grow for the next week or two. While there is not much room left before the prior trading patterns would need to see a correction, I believe that Bitcoin could reach 69K before the next FOMC meeting.
COINBASE:BTCUSDLong
by Shepherd_Investor
1
BTC to Reach ATH This Week? ☀️The crypto analytics firm 10x Research expects Bitcoin to reach an all-time high this week. Cryptocurrencies extended their gains over the weekend, supported by the all-time high reached by Nasdaq on Friday. The tech-heavy index and the price of Bitcoin tend to correlate with each other. The price of Bitcoin rose 2.8 percent to $63,570 over the past 24 hours, approaching its cycle high of $64,255 reached last week. “This is probably the first time in the history of bitcoin that we have true price discovery. This is the first time that anyone who wants to buy has easy access to buy it … There’s a new army of buyers. There’s an army of salespeople,” the CEO of Galaxy Digital, Mike Novogratz, told Bloomberg. Google’s search rankings for Bitcoin confirms this increase in interest. “The retail is waking up, and we are beginning to build momentum. Google search interest has not even topped Jan highs but it is getting close,” the X profile @Sinz_Bitguide noted. As predicted by ATTMO, the bullish sun will continue to shine over the global crypto market in the next 24 hours and week, indicating further upside potential for Bitcoin, Ether, Ripple’s XRP, Cardano and many other altcoins covered by ATTMO. Follow us for more crypto weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
Bitcoin Surges to All-Time Highs Against Euro and PoundBitcoin ( CRYPTOCAP:BTC ), the leading cryptocurrency, continues its meteoric rise as it breaches all-time highs against the euro and pound, sending shockwaves through the financial markets. With the digital asset reaching unprecedented levels, investors and traders are grappling with the implications of this historic milestone. Bitcoin Hits All-Time Highs: On Monday, Bitcoin soared to record levels against the euro and pound, surpassing €60,447 and £51,736 on Coinbase, respectively. This surge underscores the growing global adoption and recognition of Bitcoin ( CRYPTOCAP:BTC ) as a viable store of value and investment asset. Despite facing resistance in U.S. dollar terms, with its previous peak exceeding $69,000, Bitcoin's ( CRYPTOCAP:BTC ) resilience and upward momentum remain undeniable. Market Dynamics and Influences: Several factors contribute to Bitcoin's ascent, including a favorable macroeconomic environment and increasing institutional interest. The Dollar Index's recent uptrend reflects strengthening U.S. currency, potentially impacting Bitcoin's valuation. Additionally, insights from Grayscale analysts highlight the inverse correlation between U.S. interest rates, dollar value, and Bitcoin's performance. As market dynamics evolve, understanding these interplays becomes crucial for informed decision-making. Volatility and Liquidations: Bitcoin's ( CRYPTOCAP:BTC ) surge above $65,000 triggered heightened volatility and a surge in liquidations of leveraged positions. The influx of liquidations, totaling over $160 million across various exchanges, underscores the market's susceptibility to rapid price fluctuations. Understanding the mechanisms of liquidations and their implications is essential for risk management in the crypto space. Technical Analysis and Price Levels: With a significant volume of CRYPTOCAP:BTC transacted within the $61,100 to $61,800 range, this zone emerges as a crucial support area. Those ranges are potential price targets, We are emphasizing the importance of monitoring Bitcoin's behavior relative to these levels for strategic decision-making. Conclusion: Bitcoin's surge to all-time highs against major fiat currencies heralds a new era for the cryptocurrency market, characterized by increased mainstream acceptance and institutional involvement. As Bitcoin ( CRYPTOCAP:BTC ) continues to rewrite the record books, investors must navigate evolving market dynamics and price fluctuations with vigilance and strategic foresight.
BINANCE:BTCUSDLong
by DEXWireNews
Bitcoin: Macro Support/Resistance Fibonacci SchematicsThe layout of these Bitcoin Schematics are to be able to see all key kevels through appropriate Timeframes. #1 and #2 are Monthly Schematics. #3 through #6 are all 2-Week candles. #7 and #8 are both 1 Weekly Candles. The first two are this ideas main attraction BIG MACRO WISE. These are the most Macro Schematics in the blueprint and they are both in LOG mode. They include two of the Strongest Fibonacci Tools each historically in this market. Each include Fib Spikes and Fib Extensions. The horizontal orange extensions are both the most important Macro Fib Extensions which is why they are 1 and 2. The middle four are all structured support and resistance levels based on the Fibonacci Sequence. They are different because of their small price differences and structure when formed but the overall sequence travels up and can be seen visually on all separately. The last two are the most recent formations so they are on smaller timeframes. Even though every single box has about two schematics per, #8 has about 4. This includes 3 Major Fib tools with different colors along with a not so visible couple of lines. #2 must be watched closely as this resistance can turn into support quickly and then we move onto terra infinte. Once this happens, our resistance is Box #1 at around 200k give or take. Ofcourse there are the other boxes of resistance but I am looking at the Base Schematic of Box 1 to give me the next major ATH on Bitcoin. Or at least a major level before finding another top potentially at around 250k per Box #1's Schematic Layout. I have linked my collection of my best Bitcoin ideas leading up to this point below and all either have some of the same schematics or work together as one.
CRYPTO:BTCUSDLong
by MichaelBsul
If you missed the memecoin movement. Do not worry, here we goLADYCOIIN (MILADY10k) one of my favorite meme coins as you can see from my previous articles. I will not talk about why on this idea. However, prepare for a nice pullback. I am PRAYING for these levels 0006-0008. Will we get them? I think so. BTC has completed a 5 wave count, and we should see a retracement soon. SHORT term bearish on lady. LONG term BULLISH on lady. Wyckoff distribution playing out on the daily chart. Lady moves VIOLENTLY. Up or down, it moves with passion. Gotta love these females huh? Such passion. Happy Sunday!
Short
by kiashedgefund