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Bitcoinprediction

Bitcoin Poised for Meteoric Rise After Consolidation PhaseIn the tumultuous realm of cryptocurrency, Bitcoin stands as the undisputed pioneer, navigating through waves of volatility with resilience. As we traverse a period of consolidation, the market sentiment is palpably charged with anticipation, akin to the calm before a celestial event. Picture this: Bitcoin, akin to a mighty rocket, steadfastly consolidating its trajectory, gathering momentum, and igniting the engines of its ascent. This phase of consolidation is not merely a pause but a strategic maneuver, akin to the rocket's final checks before propelling towards the cosmos. The market dynamics, akin to the intricate mechanics of aerospace engineering, indicate a convergence of bullish indicators. With each passing moment of consolidation, pressure builds within the market, akin to the fuel reservoirs of a rocket awaiting ignition. Investors, akin to seasoned astronauts, recognize the significance of this phase. They understand that amidst the calm lies the potential for an explosive surge, propelling Bitcoin to unprecedented heights. As the countdown to the next phase of Bitcoin's journey commences, anticipation mounts. Analysts pore over charts, tracing patterns akin to celestial constellations, seeking insights into the impending trajectory. In the midst of this anticipation, one thing remains certain: Bitcoin's resilience and adaptability have sculpted a narrative of triumph against the odds. The consolidation phase is but a brief interlude, a precursor to a symphony of bullish momentum that will reverberate across the crypto cosmos. Prepare yourselves, fellow traders, for the countdown has begun. Strap in, hold tight, for Bitcoin's ascent promises to be nothing short of meteoric
Long
by eaksglobal
BITCOIN - March Highier Timeframe Breakdown - 01/03/24'Hello everyone, lets jump in.. So bellow you can find screenshots, with every relevant timeframe to be looked at, to make a better educated guess at least in my opinion. First of all, I need to say, that this Idea DO NOT have to play out immediately, IF ALL! BUT Since Highest Timeframe we operating with is 3Month, there is still like 60Days window in which this CAN play out. 3M 2M 1M 15D 10D 5D So this Whole IDEA, is Based on 3M candle/timeframe (basically quarter outlook), which still follow my Q1+FED outlook as next.. --> In which I ment there is higher chance of continuing Higher with time UNTIL FED start cutting Interest Rates... and in the mean time we Rallied.. BUT since we are reached Price targets close to ATHs' I think is needed to be even more carefull.. and this due to --> If we take a look at 3M chart, we can see that prior times in History, when we reached Closing price of 3M candle, IT WAS THE TIME WHEN WE PEAKED WITH PRICE FOR PROLONGED PERIOD OF TIME. (And we already did it!) but there is still almost 2month to next FED meeting.. So Main Question is IF we will go Above ATHs' in this period of time, or We will follow what happend prior Cycles and thats correction... AND My honest answer is that I DONT KNOW, BUT if I HAVE TO pick one, I REMAIN EXTREMLY CAUTIOUS, since Right Now I see this more as "fake bull market" BECAUSE , and this "Because" have two aspects- Micro/Macro economy and then what Charts are saying.. Firstly, if we check out Charts, we can see on EVERY SINGLE ONE, that we reached with Closing Price close to where ATHs Closes are, BUT we dont Close above them.. Which In my understanding of Market Increasing chances for revisiting Lower prices "when correct time come" BUT, in the meanwhile, there is still "TREND" which I would say is still "bullish" and for that Reason we can "be trying" to reach or break ATH.. and only "time shows and chart tell" if we will go there.. BUT , as I ment.. there is other factor and thats.. Micro/Macro economy outlook at things, And I would say.. "ITS NOT THE BEST ONE"! --> Inflation is STILL HIGH (due to FED) and it looks like it slowly starting to elevate again, Unemployment is STILL relative close to all time Lows, and Interest Rates are STILL HIGH.. on top of that, from last reports it looks like economy start Slowing down a little bit BUT Markets still looks like "they dont care". Which In my opinion is BIG Mistake, and for that reason, Im trying to evaluate things on Daily basis when New Important Market/Economy News happen.. especially, in time "Where people believe only way of going is Highier!"... AND THATS BECAUSE - if we again, come back to our 3M chart, we can see there is 30D left on it.. and in those 30days market can change a LOT, AND We already reached price where In history was our "turning point" chart wise.. So, in my opinion, being a buyer right now is more risky then being seller.. , but I still label this IDEA as Neutral, since there is still lot of time remaining for Price to behave irational. Hopefully, this helps some of you with your perception of market. If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks Joe
INDEX:BTCUSD
by cryptocapitaltrading
What can we expect in the cryptocurrency market in 2024-2026Today we have a rather interesting article with a lot of food for thought Let's talk about the total capitalization of the crypto market. In 2021, when the BTC price peaked at $ 69K, the total capitalization of the crypto market was $3 trillion Yesterday, the BTCUSDT price touched $ 64K, almost reaching ATH, and the total capitalization of the crypto market is $2.25 trillion, which means that it is roughly speaking "behind" by 30%. This can only mean that altcoins are just beginning to "break out" and the real "Bull run" is still ahead. We have been in the cryptocurrency market since the end of 2016 and have "survived" many cycles in the market, and believe me, there will come a time when altcoins will shoot 30-50-100% per day in dozens, not just a few as it is now, and your eyes will run away in not understanding what to buy next, because everything is growing) Now we are just warming up. What can happen next? Further, the price of BTC can, for example, go into a broad consolidation in the range of $30-70k. The "small money" will say wow, consolidation with a corridor of 100+%, and the "big money" will meanwhile take Bitcoin from the "weak hands" on fluctuations and accumulate their reserves. Since the big money will not sell their BTC, they have a very effective tool to pump coins - buying altcoins in pairs with BTC. At this point, the price of altcoin/usdt will skyrocket exponentially. If we look at the chart of the total capitalization of the crypto market, you can clearly see one pattern: from the moment of BTC halving to the maximum value of the total capitalization of the crypto market, 183 3-day candles pass. That is, roughly speaking, a confident bull run in the crypto market has already lasted for 550 days twice. You might say that we can't compare these periods because big money is now entering the cryptocurrency market, and they will continue to drive the market. But most likely, you have not been in the crypto market for long and do not remember what the narratives were in the previous cycles: - In 2017, the market was mainly "rocked" by ICOs and pioneering venture capital funds entered the crypto market. If I'm not mistaken, ETH was sold at ICOs at either $0.30 or $0.50, and today it has reached $3500 - and this is probably the "most tenacious" project from this period. - The entire 2018-2019 Internet space was teeming with reports that Bakkt would enter the cryptocurrency market and revitalize the crypto market and push for ATH updates. But no!) The crypto market was revived only in 2020, and then at the expense of retail buyers, at the expense of cash payments to the population to combat Covid-19. By the way, check out the movie Dumb Money, which reflects the events of the time when retail buyers punished hedge funds that were shorting the growing market! As they say, you can't go against the masses) - Then in 2020-2021, there were the narratives of IEO, Defi, NFT, Elon Max with tokens and tweets that drove the market. There was something else, please add to the comments. - And now it's 2023 and a new growth cycle with the main narrative at the moment - BTC ETFs and the entry of large funds like BlackRock into the crypto market. By the way, at the end of 2022, we released the two ideas that this is probably the bottom and it is definitely worth buying: 1. How much can the Crypto market capitalization grow by 2025 at Nov. 2022 2. Bitcoin & Cryptocurrency results of 2022 and plans for 2023-2025 at 30.12.2022 Despite the mega rise in the price of BTC in 2024, Google trends suggest that the peak rush for search queries like in 2017 and 2021 is still very, very far away. We also have a personal gut feeling, comparing to previous periods, that "strong hands", as they like to call themselves, who have sat for 2 years with a mega deposit drawdown of -60-80% and are now selling their assets at entry points. And the "fresh and new money" is still "little" in the cryptocurrency market, perhaps it is already expensive? Also, it's been a long time since the market has been nightmarized by news like possible large sales of BTC: Silk road, which was confiscated by the United States, MT Gox payments, FTX payments, and so on. As they say, let's be careful!) If we believe the blue fractal that we have depicted on the idea's chart, the cryptocurrency market may soon begin to correct with a decline in the total capitalization of the crypto market. But not super deep, only -30% to $1.5-1.6 trillion . Moreover, this does not mean that the entire crypto market will fall "like a stone down." Alternatively, the price of BTC, which now accounts for more than half of the crypto market capitalization, may show the largest proportional correction. Meanwhile, altcoins will adjust quite adequately in price, and then may be sharply "pumped" by pouring BTC or ETH into them. Also, according to this fractal, this time the growth cycle may take longer than 550 days and last until the end of summer 2026. Well, write in the comments what you think will happen to the crypto market in the coming months? You can also put "like" the idea to subscribe to it and watch it develop together. And we will write our comments as the price moves.
CRYPTOCAP:TOTAL
by P_S_trade
22
📈Bitcoin Next Stage 70K? / 2 Scenarios ahead of Investors📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. The cryptocurrency market has entered its bullish rally, but keep in mind that Bitcoin miners are planning to sell their Bitcoin before the halving event in order to make a good profit from this price growth. Considering that the price is approaching the Fibonacci channel, the possibility of price correction in the coming weeks is very high. Following the previous Bitcoin analysis, I closed my positions at around $50,000 and am not going to enter the trade on the current weekly candle, right now I am waiting for the next 3 days ahead. The ATR level in period 3 shows around 8500, if the last weekly candle remains above this value, the price trend of the next week will be bullish. ✌💥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
Bitcoin - Target 1.1 Million DollarsHello Traders, welcome to today's analysis of Bitcoin. -------- Explanation of my video analysis: After the simple break and retest of Bitcoin in January of 2023 we saw a beautiful reversal and already a pump of more than +250% towards the upside. Bitcoin has also been creating a massive ascending triangle formation and if we measure the potential price target of the triangle, also mentioned in the analysis, Bitcoin can reach 1.1 Million Dollars. -------- 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
9
Shorting Bitcoin at $62,000Bitcoin bears have been getting wrecked for the past few months, but I think Bitcoin is finally forming a peak here. I'm willing to take my chances and will exit my trade if BTC continues to show bullishness above $64k. So far this week Bitcoin has increased by GETTEX:14K in just 3 days. I shorted at $62k, the price is now above my entry at around $62.9k. I'm comfortable leaving my shorts opened as long as Bitcoin doesn't continue climbing above $63.9k. Ideally I would like to see a strong move down over the next few days. For now I'm still leaving my shorts opened and will see how things are trending later BTC had a rejection near $63.9k and is starting to show some weakness here. I'll give another update later today to see how things are looking. Yesterday I emphasized that the the $61,561 price level is a key price level to monitor, and this remains as my key price level today as well. BTC is trying to find support here and ideally I would like to see a failed support that leads to a drop down lower.
BITSTAMP:BTCUSDShort
by realchartchamp
BITCOIN POINT of RECOGNITION 58880 CRASHThe chart posted is the updated chart of BITCOIN . The pattern As I started was an ending 4 th wave triangle and called for a rally in a thrust the min target was 54900/55540 to which I said sell above . We then had a rather clear move thru 1.618 of waves 1/3 and moved to a pefect 2.618 =63880 . I can NOW stated very clear you should NEVER break 58880 if we are in a BULL market . IF we did and closed under 54900. I would tell you you would without any doubt you would CRASH well into a drop of 60 to 80 % from the peak. Some would say great I would buy again and then we would go to 100k .I would tell you that it would be a bear market that would be protracted Bear market based on time of near 3 years plus . Why as you can look at the History of ETF market like gld uso slv as a start that those can show that interest in these were at a record going into those PEAKS and investors still have now see those highs and it is now on 13 years . So I am giving you the view of the history to understand the future . THIS is NOT any different .BTW we had RECORD INTEREST IN BITCOIN PASSING GLD USO In this IPO !!! BEST OF TRADES WAVETIMER
BITFINEX:BTCUSD
by wavetimer
BTCUSD | "BBC (big buyers circle)"Cryptocurrency bitcoin hit a two-year high above $57,000 in Asia trade on Tuesday on signs of heavy institutional buying, while smaller rival ether topped $3,200 for the first time in two years. Bitcoin has rallied more than 10% in two sessions, helped by a Monday disclosure from crypto investor and software firm MicroStrategy that it had recently purchased about 3,000 bitcoins for an outlay of $155 million. The original and largest cryptocurrency by market value has also been buoyed recently by the approval of bitcoin-owning exchange-traded funds (ETFs) in the United States. On Monday, trading volumes in several of the funds spiked and crypto-linked firms rallied too, in contrast to nervous broader markets.
BINANCE:BTCUSDLong
by DCFX-TA
2
Bitcoin to hit the All Time High.Hello Traders, Welcome to the latest update on Bitcoin in the daily timeframe. From $50k, BTC has surged to GETTEX:64K , marking a 27% rally over the past 6 days. The daily close at $62.4k indicates a step forward towards the possibility of BTC hitting its all-time high (ATH). Moving forward, BTC faces the first layer of resistance between $64.8k and $65k. A successful break and close above this level, whether in the daily or weekly timeframe, could pave the way for BTC to target its ATH at $69k. While many have been anticipating a market correction, it has yet to materialize. Does this mean we are at the peak of the correction? It's uncertain. However, whether BTC reaches its ATH or establishes a new one, a correction appears imminent. It could occur either before or after the halving, but it's on the horizon. That's all for now. Thank you for reading. Regards, Team Dexter
by Dexter_The_Trader
BITCOIN SHATTERED Bull Market Doors! What NEXT??Welcome back! Let me know your thoughts in the comments! ** BTCUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
BITSTAMP:BTCUSDLong
by BKTradingAcademy
Bitcoin Analysis: Big and LongBitcoin has recently showcased its resilience, surging past the significant $31,000 mark. This breakthrough is not a mere coincidence; it's a part of a grander design in the crypto market. If your preview is distorted here is image copy of this analysis: Let's delve into the intricacies of this upward momentum: 1. Halving's Influence: One of essential factors in Bitcoin's trajectory is the phenomenon of halving. Bitcoin halving events have historically influenced supply and demand dynamics, often leading to significant price rallies. As we approach the halving period, this historic pattern adds an extra layer of confidence to the current bullish sentiment. 2. Impulse Structure and Rising Channel: Bitcoin is painting a compelling picture on the daily timeframe. Within a substantial impulse structure, a rising channel is emerging. This channel indicates a positive trajectory, reflective of market confidence. 3. Third Wave Speculation: Within this structure, the market is now poised for what appears to be the third wave, a potentially substantial wave marked by extensions. The current expectations are set on a retreat to $30,000, acting as a pivot point for the forthcoming surge, with the next ambitious target resting comfortably at $50,000. 4. Wyckoff Accumulation Pattern: Bitcoin's strength lies in its Wyckoff accumulation pattern. Though subtle, this continuous weakness exhibits a steady and robust progression, making it a quite unique pattern among other accumulation patterns (cup and handle, saucer etc). 5. Bollinger Bands Width Squeeze: A striking observation is the Bollinger Bands width, reaching a low not witnessed since the market bottom of 2014. This rarity accentuates Bitcoin's growth potential, serving as a strong indicator for investors. 6. Historical Comparisons: By comparing the current market behavior with the patterns observed in 2015-2016, a striking resemblance emerges. This historical congruence enhances our confidence in the ongoing trend, providing a solid foundation for the $50,000 target. 7. Institutional Interest: With each positive move, the market gains momentum. It's not just individual investors; institutional players are also recognizing Bitcoin's potential. The imminent approval of a Bitcoin ETF promises to be a game-changer. This financial instrument bridges the gap between traditional markets and cryptocurrencies, rendering Bitcoin accessible to a broader investor base. The ETF's advent not only signifies regulatory acknowledgment but also invites a wave of retail participation. The anticipation is that as we approach the holiday season, institutional investors will further solidify this upward trajectory. In essence, the recent surge beyond $31,000 signifies a strategic move in the crypto chessboard. As we navigate this rising channel, the road ahead holds promise, with the $50,000 mark gleaming on the horizon. Adding to this momentum, RSI (Relative Strength Index) is showing both Bullish and Hidden Bullish divergence alongside the development of the rising channel. These signals align, painting a robust picture for Bitcoin's price increase. Your support means the world to me! ❤️ Liking and commenting is a free, wonderful way to keep me motivated and help my work reach more enthusiasts like you. Plus, I'm genuinely curious: which tokens/coins have piqued your interest lately? Share your thoughts in the comment box below! Let's start a conversation! Stay tuned!
INDEX:BTCUSDLong
by ArShevelev
25
BITCOIN $BTCUSD - Feb. 13th, 2024BUY/LONG ZONE (GREEN): $46860 - $56275 DO NOT TRADE/DNT ZONE (WHITE): $42580 - $46860 SELL/SHORT ZONE (RED): $35550 - $42580 Overall the market has a bullish sentiment, price has recently broken above my previous buy zone so I decided to rechart new areas that I would look to enter at. Levels and zones are drawn from the daily and weekly timeframes. I threw a few of the recent events around structure that I would look directly towards for new information on where price is headed and around where to enter. There is a lot more ideas on a lot more timeframes, but this is what I immediately look towards. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
BITSTAMP:BTCUSDLong
by TonyAiello
BTC ROAD TO 200K: Its Not Magic Just Follow The Pattern Pinky: Its too early for a rally, Perky; we need a correction... Perky: Hold my bear, Pinky; you'll get it when I'm high. PS: This chart is a continuation of our previous BTC chart published on May 16, 2022, with slight modifications; a link to the previous chart is below. Chart Keys Orange Horizontal Line|~Prox Halving Dates Yellow Bars: Range From Halving to ATH Pink Bars: Range From ATH to Bottom Red Channel: Period of Accumulation Not so much has changed in our chart since the last time, with prices taking shape as earlier expected. Currently, we've seen the price scale through the accumulation phase after hitting the lows of <$16,000 in Nov 2022. Highlights: 1. From charts, we can see it takes bitcoin exactly 3 years from the last ATH to get back to ATH levels again, as seen in 2013–2016, 2017–2020, and 2021–2024. 2. Usually, breaking ATH signifies the start of the MARK-UP phase in the cycle movement. 3. In the past, ATH is usually broken after halving has taken place, but this time we may be seeing a price break past ATH before halving, which is a massive change and huge indication for exponential growth. These changes might be due to Bitcoin ETF effects on the macro perspective. 4. After halving, we have approx. 1 year until the new ATH, and if the trend continues the way it is right now, we may see massive upside change. My Expectations for the Cycle: Usually, i base my BTC price expectations on several factors; 1. Total Market Cap: In the last cycle, we saw a 3X Mkt Cap growth from the previous ATH of about MIL:1T in 2017 to $3T in 2020. If the same applies, we might see net Mkt Cap grow from $3T in the last cycle to >$9T by 2025. This is very possible, as ETFs, futures, and mass awareness are already in place. 2013-2017 Cycle: Mass Awareness Propelled by Retail Investors. 2017-2021 Cycle: Futures Market, Institutional Acceptance by Mixed Retail/Institutions. 2021–2025 Cycle: ETF, Futures, Institutions, by All Parties. Honestly, this might turn out to be the biggest cycle rally since the 2013–2017 cycle. All things being equal, at $9T, Mkt Cap bitcoin dominance will likely be around 40–50%, which should set it at $T3.8–4.5 and likely put the price in the range of $178k to 238k/BTC. MASSIVE!!! 2. Halving Effect: This year, the halving effect should set the mining reward at 3.125 BTC per block, which would increase the average cost of mining from the previous $19k to about $38k. Naturally, this will set the new average fair price for BTC at $40,000 and, of course, the market value at $60,000. Based on history: 2013 Cycle: >9000% Growth from Halving Price 2017 Cycle: >3000% Growth from Halving Price 2021 Cycle: >1000% Growth from Halving Price 2025 Cycle: >300% Growth from Halving Price??? As seen above, I'm expecting a 300% growth from the halving price, which likely should be from $60k to $180k, which is a fair value and tallies with our Mkt Cap Expectations above. This makes a lot of sense as naturally supply and demand tend to kick in with full force after halving, and considering ETF in play, the demand will be massive, coming from large institutional investors, hedge funds, asset management firms, BTC intrinsic market trading being the best performing asset of the year, and so on. PS: Chart will be updated after halving in April Honestly, this might turn out to be the biggest cycle rally since the 2013–2017 cycle. Disclaimer: This chart analysis is purely done with price action, personal observation, thoughts, and halving cycles; it does not take into consideration any fundamentals and should only be used for educational/entertainment purposes, not to be construed as a form of financial advice
BNC:BLXLong
by nicholasilechie
How latest BTC bull run has been predicted by Ninja Trend v2 Starting January 15th, Bitcoin (BTC) was experiencing a slight downward trend until January 29th, when it stabilized. On January 31st, with the price at $42,700, the Ninja Trend V2 indicator signaled a buy, marking the beginning of a strong upward trend that continues, with the price now at $60,000. I believe Bitcoin will remain on this upward trend until the indicator shows a neutral (grey) signal. If you didn't join in on this rise, it's not too late. Consider exploring some Alt coins, as they are likely to follow Bitcoin's upward direction.
BINANCE:BTCUSDLong
by Forex_Ninja69