Bitcoin's Next Move - Do or DieBitcoin www.tradingview.com has been in a downfall lately, prompting altcoins to dip to lows we haven't seen for months. As you can see in the chart above, bitcoin is teetering on the edge of this regression trend, falling beneath this 95k mark could spark another sell off, with 92k being the next line of support and likely 85k after that. A bounce to the upside here will probably bring btc back to the mean of the trend at around 100k. A break above 100k could send us to new all time highs!
Smash the rocket and follow for daily updates during this critical time!
Bitcoinprediction
NSTR - Technical Analysis of Key Bullish and Bearish LevelsKey Observations:
Expanded Volume Profile:
The volume profile on the left indicates significant trading activity (support/resistance zones).
The high-volume node around 360–380 suggests a key area of interest where the price might consolidate or face resistance/support.
Bullish Levels:
Bullish Week (376): A breakout above this level could trigger upward momentum toward 400 and potentially higher.
Close Week Swing (363): Currently being tested. Sustained strength above this level would be a sign of bullish continuation.
Key Target at 400: Bullish swing level acting as a psychological and technical resistance point.
Bearish Levels:
Bear Swing (348): A breakdown below this level could lead to further downside, with the next support at Bear Week (325).
Week ATR (328): If the price approaches this level, it signals a deeper bearish sentiment.
Price Action:
The yellow line shows a recovery attempt after a sharp drop. The price appears to be testing resistance at Close Week Swing (363).
The upward trend from lower levels near 325 suggests some buying interest at lower prices.
Annotations and Targets:
Close Week Swing (363) is pivotal; crossing this level with volume might lead to a test of higher resistance levels.
The area around 325–328 has shown strong support previously, and a retest might attract buyers.
Analysis:
Bullish Scenario:
The price needs to decisively close above 363 to gain bullish momentum. If this happens, look for targets at 376 and then 400.
Volume supporting an upward move would confirm bullish sentiment.
The Bullish Week (376) level is critical for mid-term trend confirmation.
Bearish Scenario:
Failure to hold above 363 could lead to a retest of 348 (Bear Swing) and possibly further downward moves toward 325–328.
Increased volume at lower levels might indicate bearish control.
Neutral Scenario:
Consolidation between 348 and 363 could signal indecision, with a breakout or breakdown likely depending on market sentiment.
Recommendations:
For Bullish Traders:
Look for strong volume above 363 and consider targets at 376 and 400.
Watch for consolidation near 360–363 as a possible entry point.
For Bearish Traders:
A rejection at 363 or a breakdown below 348 would signal opportunities to target 325–328.
Use volume and candlestick patterns to confirm breakdowns.
Risk Management:
Stops should be placed slightly beyond key levels (e.g., above 376 for shorts or below 348 for longs).
This setup emphasizes the importance of the 363 level as a tipping point for direction. Let me know if you'd like further insights!
Bitcoin BTC Has Almost Finished Correction: Huge Gains Ahead!Hello, Skyrexians!
We hope you made a right decision when received the warning sign by our Bullish/Bearish Reversal Bar Indicator from our previous Bitcoin analysis . Now we see that this correction is happening right now and there is some space to go down more but not that much as you may be think.
Let's take a look at the daily BINANCE:BTCUSDT chart. We can see that our indicator has printed the red dot at the top of the wave 3. After that this dump has been started. This is wave 4 and it has the clear target between 0.38 and 0.5 Fibonacci levels. Therefore we can conclude that max target which price can reach before the reversal is 84k, but it's more likely the reversal will happen earlier, at $89k.
When correction will be finished we can expect the wave 5 with the optimistic targets between $120k and $140k. Here is nothing change from the last analysis. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView .
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
Doge, Bitcoin and the Monthly LMACD Let me start by explaning what you are seeing here, at the top is Bitcoin , bellow doge and the bottom is the LMACD on the monthly time frame for Bitcoin. As I have stated in multiple occasions bull markets typically last for about 26 bars or 793 days(green histograms of the LMACD). Once those 793 days ends you see the LMACD crossing bearish and starting the transition to the bear market. Using this pattern I came to the conclusion that this bull market should be running till Sep2025. Now if you look closely the 2017 cycle top arrived 4 bars(months) before the the end of the bull market, 2021 cycle top around 5 bars and maybe 2025 cycle top would be 6 bars before Sep. This might suggest topping in March2025 for BITCOIN and exactly 1 bar after this the DOGE top in April2025.
DAY 2 - Daily BTC Update Yesterday's Update
I’ve dropped the chart to a daily timeframe to analyse signals that upward momentum could return. Here's what I’m seeing:
STOCH RSI: The indicator is nearing a cross, historically pointing to a potential bounce.
0.236 Fibonacci Level: The current candle at this level is a Dragonfly Doji, which, if confirmed by the next few candles, is often a signal for reversal.
Many of you have asked why markets dipped despite the 25bps rate cut. Here’s the insight:
Federal Reserve Outlook: The Fed has signalled fewer rate cuts in 2025, tempering market enthusiasm and creating uncertainty in risk assets, including Bitcoin.
BTC Exchange Net Outflows: Over the past 24 hours, 4,169 BTC have been removed from exchanges, continuing a two-day streak of net outflows. This suggests a decreasing supply of Bitcoin on exchanges, a possible sign that holders are moving assets to cold storage or other off-exchange wallets, signalling confidence in holding for the longer term.
Supply and Demand in Bitcoin
Understanding supply and demand is crucial for interpreting Bitcoin’s price movements:
Supply: When the supply of Bitcoin on exchanges decreases, as we’re seeing now, it often indicates that fewer people are willing to sell. Holders moving BTC to cold storage or off-exchange wallets typically signal confidence in Bitcoin’s future value and reduce the immediate availability for trading.
Demand: If demand for Bitcoin remains constant or increases while supply decreases, basic economic principles suggest that prices will likely rise. Conversely, if demand weakens while supply remains limited, the price can stagnate or fall.
Right now, the net outflows from exchanges suggest supply is tightening, setting the stage for potential upward price pressure if demand increases. Now we need to watch and wait for a TETHER print that often happens with increased demand.
Please give me a like if this has helped and see you again tomorrow :)
Strategy 2025. Introducing Palantir, BTC Killer Of The Year 2024It's gone 3 months or so since Palantir stock has joined on Friday, September 20 Stock Top Club, also known as S&P 500 stock index SP:SPX .
Palantir was one of the strongest contenders for inclusion in the broad market S&P500 Index.
This inclusion, as well as Dell (DELL), came after tech companies Super Micro (SMCI) and Crowdstrike (CRWD) also joined the index earlier in this year 2024.
Since that, Palantir stock became the best (i.e. #1) S&P500 index performer this year, with current +375% YTD return in 2024, being highlighted at 80.55 USD per share - the new all the history peak reached last Friday, December, 19 at regular session close.
What is most important also, even recent Federal Reserve (The US Central Bank) hawkish projections on monetary policy in 2025 were not able to stop the only game in the city, or even make a pause on Palantir leadership.
Since Palantir stock is rallying 7th month in a row, the stalkers remain decently far away, swallowing the galactic dust of Palantir shares.
Judge for yourself.
One of the nearest pursuer, Nvidia Corporation NASDAQ:NVDA (# 4 out of all S&P500 index performers in 2024) is nearly to finish the year of 2024 with +170% return, i.e. lagging against Palantir behind twice.
The quite similar things happen with the most popular and heavy c-coin, also known as Bitcoin BITSTAMP:BTCUSD that is currently +130% YTD return in 2024.
What is most important also, Palantir stock outperforms both - S&P500 index, Nvidia Corp. and Bitcoin 7th straight month in a row.
In human words that means, Palantir stock monthly returns (every single month from May to December 2024) were better against each of mentioned above assets.
What is Behind this?
On November 4, 2024 Palantir Technologies has announced financial results for the third quarter ended September 30, 2024.
“We absolutely eviscerated this quarter, driven by unrelenting AI demand that won’t slow down. This is a U.S.-driven AI revolution that has taken full hold. The world will be divided between AI haves and have-nots. At Palantir, we plan to power the winners,” said Alexander C. Karp, Co-Founder and Chief Executive Officer of Palantir Technologies Inc.
Q3 2024 Highlights
• U.S. revenue grew 44% year-over-year and 14% quarter-over-quarter to $499 million
• U.S. commercial revenue grew 54% year-over-year and 13% quarter-over-quarter to $179 million
• U.S. government revenue grew 40% year-over-year and 15% quarter-over-quarter to $320 million
• Revenue grew 30% year-over-year and 7% quarter-over-quarter to $726 million
• Closed 104 deals over $1 million
• Customer count grew 39% year-over-year and 6% quarter-over-quarter
• GAAP net income of $144 million, representing a 20% margin
• GAAP income from operations of $113 million, representing a 16% margin
• Adjusted income from operations of $276 million, representing a 38% margin
• Rule of 40 score of 68%
• GAAP earnings per share (“EPS”) grew 100% year-over-year to $0.06
• Adjusted EPS grew 43% year-over-year to $0.10
• Cash, cash equivalents, and short-term U.S. Treasury securities of $4.6 billion
• Cash from operations of $420 million, representing a 58% margin and $995 million on a trailing twelve month basis
• Adjusted free cash flow of $435 million, representing a 60% margin and over $1 billion on a trailing twelve month basis.
Is the stock growth fundamentally deserved? Definitely, "Yes".
Palantir stock Alpha
What is Alpha?
Alpha (a) is a term used in investing to describe an investment's ability to beat (outperform) the market, or its “edge.” Alpha is thus also often referred to as excess return or the abnormal rate of return in relation to a benchmark, or any other asset (even against simple sitting in a cash) when adjusted for risk.
The main graph represents a comparison across Bitcoin and Palantir stocks. Since Palantir outperforms BTC twice over the past 12 months (watch lower "percent bar chart" subgraph), so why isn't to continue the play, by staying in a long with Palantir, and kill "the new oranges" respectively.
Bitcoin Crucial Support LevelBitcoin is still showing strong Support around the: GETTEX:92K zone area. Multiple times this area has been retested. Until we break bellow, I’m still optimistic🚀
Bulls have still managed to prevent the bears pushing price action further to the downside 👀😬
Remember this was just a correction, not a crash 💥 🙌🏻
Bitcoin (BTC/USD) Analysis – December 21, 2024Bitcoin (BTC/USD) Analysis – December 21, 2024
Overview:
Let’s focus on Bitcoin (BTC/USD). Over the past few weeks, Bitcoin has been pumping steadily, but it now appears to be losing momentum. The market structure has created an imbalance, suggesting a potential decline in the coming weeks.
Trade Idea:
Potential Buy Zone: The price could fall to the marked zone around $73,000.
Entry Timing: Avoid entering immediately when the price reaches this level. Instead, wait for a clear reaction—such as bullish confirmation or upward momentum—before considering a buying opportunity.
Key Considerations:
This setup is similar to the structure seen in the German Index (DE40), which showed comparable behavior before a significant drop. The resemblance in patterns could signal a similar outcome for Bitcoin.
Monitor price action closely in the coming weeks for signs of reversal once the price reaches the anticipated zone.
Risk Management:
Do Not Rush: This is not financial advice. Always wait for clear entry signals before making any decisions.
Stay Disciplined: Protecting your capital is more important than making profits. Use proper stop-loss levels to safeguard your trades.
Trading Requires Patience: A reactive approach is key. Trading is about responding to what the market shows you, not forcing predictions.
Final Note:
Making no money is always better than losing money. Watch Bitcoin closely in the coming weeks, and stay disciplined in your analysis. Let’s see how the market unfolds. See you in the next update!
Bitcoin Fed Can’t Hold Bitcoin, No Plans Yet To Change Law, Powell Says
Jerome Powell says the Fed isn't allowed to own Bitcoin.
He also says the bank cannot create a stockpile of digital assets.
The market immediately reacted to Powell's statement, sending Bitcoin's price down by 5.7%.Bitcoin Decline Continues: Are Bulls Losing Control?
Bitcoin price extended losses and traded below the $100,000 zone.
BTC is struggling and might continue to move down toward the $92,000 support zone.
Bitcoin started a fresh decline from the $102,000 resistance zone.
There is a key bearish trend line forming with resistance at $98,500.
Glassnode's Week on Chain report revealed the similarities between the current Bitcoin uptrend and previous cycles amid changing market conditions. Meanwhile, long-term investors began distributing their tokens at the $100K level, culminating in a new all-time high of $2.1 billion in realized profitsAccording to blockchain analytics firm Glassnode's weekly report, Bitcoin's current price performance has a striking resemblance with the 2015-2018 and 2018-2021 cycles despite the changing dynamics in its market structure.
Like previous cycles, the selling pressure that accompanies sustained price increases has remained but at a much lower pace. The deepest drawdown in this cycle occurred on August 5, 2024, when prices dropped 32% below their peak
Bitcoin | Low Timeframe TradeIf the market breaks below the red line, I will place an order at 98.464$ as shown in the figure. This is a low timeframe trade and please do not take too much risk on it. I usually do my analysis in the high timeframe and take most of my risk there.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
Bitcoin: How to Trade the Ranges Like a ProWe are in a relative range.
The reactions from the 0.5 levels are proof of this.
In a similar analysis, I had previously made one of the best trades that could be made in BTC.
The manipulations of this range at the 0.25 and -1.25 levels are not very regular.
Also, the movements it makes are far from creating symmetry, so we cannot compare this analysis to the previous one.
How to trade here? First of all, we are not in any serious demand area and it would not be wise to assume that there is any serious resistance range.
So what will we do? We will try to find entries from the upper and lower parts of this range. My short analysis on the upper part is available here.
The initiative at the bottom can be the Range Low and the green line.
So can the price continue down without giving a short opportunity? Of course it can, in this case our stop loss order will be triggered. I don't like to take high risk in such non-serious demand areas. However, I don't want to neglect a point that can give 1 to 3-4 in the lower area of the range. If my long order comes, I will take a large part of my profit on the upper part of the range, pull my stop to the entry and open the short trade.
Don't hesitate to carry two trades in two directions, especially if the price seems to form a range. And when the price starts to go voluminously below or above the range, definitely let your stop order be executed and stop your loss.
If you think this helps you, please don't forget to boost and comment on this. These motivate me to share with you.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
When and Where this Bull Market Ends / BTC.D and TOTAL3 BehaviorCRYPTOCAP:BTC.D
Bitcoin Dominance and Alt Season Trigger:
The chart indicates that when Bitcoin Dominance reaches around 59%-64%, there’s a high chance of an BTC dominance market correction. This level often signals the end of a Bitcoin rally and the start of funds flowing into altcoins.
You can use this dominance level as a timing signal to anticipate the start of the next alt season.
Historical Patterns and Timelines:
Key vertical markers show important dates from past cycles, such as 2018, 2021, and projected points for 2025. These points highlight recurring patterns that can help forecast the end of the current Bitcoin rally.
TOTAL3 Index Trends Relative to BTC:
The TOTAL3 index (all altcoins excluding BTC and ETH) shows that after Bitcoin Dominance declines, TOTAL3 often experiences a sharp rise. This pattern has repeated in previous cycles, hinting at a potential similar move in the upcoming alt season.
Bitcoin Price Rallies and Corrections:
The lower chart shows Bitcoin's bullish and bearish phases, typically lasting between 450 to 550 days. This timeframe can help estimate the remaining duration of the current Bitcoin rally.
Future Predictions:
Based on the chart, Bitcoin Dominance is expected to reach critical levels again in 2025, potentially marking the start of the next major alt season. While this timeline depends on market conditions and investor behavior, it offers a general framework.
IBIT Bitcoin Trust ETF Technical Analysis Trade This chart highlights a parabolic uptrend in IBIT, with price making a significant move from consolidation to new highs. The chart includes pivot levels (S1, R1, R2), dark pool levels, moving averages (8 EMA and 21 EMA), and volume, all of which help in understanding the current price action and predicting potential moves.
Key Observations:
1. Trend Structure:
The chart shows a strong uptrend supported by the 8 EMA and 21 EMA.
A breakout above the 61.99 resistance (R1) occurred recently, but price has since pulled back slightly, consolidating near 56.10, which aligns with a dark pool level.
2. Support and Resistance:
Resistance Levels:
61.99 (R1): The key breakout level, which price is currently retesting as resistance.
68.77 (R2): The next significant resistance and a long-term target for bulls.
Support Levels:
56.10: A dark pool level and immediate support zone.
53.00: Key short-term support near the 21 EMA.
47.30 (S1): A deeper support level in case of a larger pullback.
3. Volume Analysis:
A high volume breakout occurred recently, suggesting strong interest from institutions or retail traders.
However, recent volume bars are slightly lower, indicating that the bullish momentum is consolidating. This could lead to either a continuation higher or a pullback to support.
4. Moving Averages:
The 8 EMA is currently acting as immediate dynamic support, while the 21 EMA (~53.00) provides a secondary layer of support.
As long as the price remains above these moving averages, the uptrend remains intact.
Trade Setup:
Scenario 1: Bullish Continuation
Trigger: A breakout above 61.99 (R1) on high volume would confirm bullish continuation.
Profit Targets:
68.77 (R2): The next major resistance level.
70-75: A potential extension zone in a strong parabolic move.
Stop-Loss: Below 56.10, as a break below this level would signal a loss of bullish momentum.
Scenario 2: Pullback to Support
Trigger: If price fails to break above 61.99 and pulls back, look for buying opportunities near:
56.10 (dark pool level): Immediate support.
53.00 (21 EMA): A stronger support level for a bounce.
Profit Targets:
61.99: Retest of the breakout level.
68.77 (R2): Higher target if the trend resumes.
Stop-Loss: Below 52, as this would indicate a breakdown below the key EMAs.
Scenario 3: Bearish Breakdown
Trigger: A strong close below 53.00 with high volume would signal bearish momentum.
Profit Targets:
47.30 (S1): First major pivot support.
41.00-43.00: A retest of previous consolidation levels.
Stop-Loss: Above 56.10, as a reclaim of this level would invalidate the bearish thesis.
Final Thoughts:
Short-Term Outlook: Consolidation near 56.10 suggests the potential for either a breakout above 61.99 or a pullback to key support zones.
Long-Term Outlook: The parabolic nature of the trend suggests strong bullish sentiment, with deeper pullbacks offering opportunities to re-enter the trend.
Watch volume closely to confirm either a breakout or a breakdown, as institutional activity (dark pool levels) will likely play a significant role.
What a Daily BTC Update looks like Thank you for reading my post! I appreciate the time you have taken to stop by, please leave me a comment.
Every day for nearly 10 years, I have updated BTC in the various groups I have owned or worked for.
Follow as I post them here for the next 7 days!
BTC UPDATE 21/12/2024
BTC has shown resilience, bouncing successfully in the current region with a successful retest, indicating strong buying interest. However, we’re not out of the woods yet—the market remains cautious, and confirmation is still needed for the next bullish leg.
Key Weekly Pivot to Watch: $100,831
The weekly pivot at $100,831 is the critical level to reclaim.
A close above this pivot would signal renewed bullish momentum and confirm the bounce as more than a relief rally. There may still be one more retest in the lower region, but a more condensed corrective pattern would reflect the support as holding.
Scenarios to Prepare For
Bullish Case: Close Above $100,831
A weekly close above this pivot could open the door to:
Testing resistance zones around $105K to $108K.
Reaffirming BTC’s macro uptrend and restoring market confidence.
Bearish Case: Failure to Close Above $100,831
If BTC fails to hold or close above this region:
Expect a potential revisit to support around $95K to $94K.
Increased sell pressure could lead to deeper retracements, possibly targeting $85K as a more substantial support zone.
Key Indicators to Monitor
Watch RSI and MACD for signs of overbought or oversold conditions near key levels.
Volume: A strong breakout above $100,831 should be accompanied by increasing volume, signalling conviction from buyers.
Daily and Weekly Candle Closes: Focus on higher timeframes (daily and weekly) for confirmation of direction.
Momentum Indicators: Watch RSI and MACD for signs of overbought or oversold conditions near key levels.
BTC Faces Significant Selling Pressure from Long-Term HoldersBitcoin ( CRYPTOCAP:BTC ) has faced intensified selling pressure from long-term holders (LTHs), who have offloaded approximately 1 million BTC since mid-September, contributing to its current 13% dip from its all-time high of $108,000. This marks the largest discount since the U.S. presidential election. While short-term holders (STHs) have stepped in to absorb some of this supply, demand imbalance continues to weigh heavily on Bitcoin’s price.
1. Long-Term Holders’ Selling Behavior
LTHs, defined as investors holding BTC for over 155 days, have been distributing their holdings as prices show strength. Over the past week, LTHs sold 70,000 BTC in a single day, marking the fourth-largest one-day sell-off this year, according to Glassnode data.
Their holdings have dropped from 14.2 million BTC in September to 13.2 million BTC, signaling a strategic move to realize profits during this period of heightened market volatility.
2. Short-Term Holders Absorbing Supply
STHs have accumulated 1.3 million BTC during the same period, partially offsetting LTHs' selling. However, this accumulation hasn’t been enough to sustain upward momentum, resulting in continued price weakness.
3. Market Liquidity and Exchange Activity
The circulating supply of Bitcoin stands at 19.8 million tokens, with 2.8 million BTC held on exchanges. Notably, 200,000 BTC have exited exchanges in recent months, indicating a trend of investors moving assets to cold storage.
This dwindling exchange balance could limit immediate liquidity, further impacting market dynamics.
Technical Outlook
Bitcoin is trading in a bearish zone, currently down 0.49% with a Relative Strength Index (RSI) of 42. The recent market sell-off liquidated approximately $1.4 billion, exacerbating downward pressure.
Key Levels to Watch
Support Level: If selling persists, CRYPTOCAP:BTC could dip to $85,000, a key support level aligning with the 23.6% Fibonacci retracement.
Resistance Level: For a bullish reversal, CRYPTOCAP:BTC must break through $101,000, a pivotal psychological and technical barrier that aligns with the 38.2% Fibonacci retracement.
Outlook and Implications
The ongoing selling by LTHs reflects a strategic shift, possibly influenced by macroeconomic uncertainties and profit-taking at current levels. Meanwhile, STHs’ buying activity suggests continued confidence in Bitcoin’s long-term potential.
However, the imbalance between supply and demand could lead to further short-term price volatility. Investors should closely monitor key support and resistance levels and market activity from these cohorts to anticipate the next significant price movement.
Conclusion
Bitcoin’s price trajectory remains uncertain amid significant selling pressure from LTHs. While oversold technical indicators hint at a potential rebound, the lack of sufficient demand from STHs raises concerns about sustained recovery. The next few days will be critical for Bitcoin as it navigates these pivotal price levels.
Will CRYPTOCAP:BTC bounce back like it has in past corrections, or is a deeper dip on the horizon? Only time will tell. Stay tuned for further updates!
Is the Top In? Bitcoin's Diminishing ReturnsMany of us have seen the Bitcoin Rainbow chart before. Right now, it implies that there is still room for another leg higher. According to Blockchain Center's 2023 chart , the 'Is this a bubble?' price range is around $111,914 to $143,429.
However, we also see the highs diminish over time. The first peak is outside of 'Maximum Bubble Territory,' the second reaching the same area, and the third hitting 'Sell. Seriously, SELL.'
While this pattern suggests BTC may only reach 'Is this a bubble?' or 'FOMO intensifies' this cycle, there's another pattern that indicates 'HODL' might be as far as it goes.
In the logarithmic chart above, we can see that BTC's price follows a pattern of diminishing returns. It has moved from low to high as follows (rounded):
1. 2010/2011: 0.01 to 31.91 = 3,191x
2. 2011/2013: 1.99 to 1,242 = 624x
3. 2015/2017: 162 to 19,785 = 122x
4. 2018/2021: 3,125 to 68,977 = 22x
5. 2022/2024: 15,479 to 108,367 = 7x
That means the multipliers from low to high have decreased with the following factors:
624.12 ÷ 3,191 ≈ 0.1957 (a 5.10x factor decrease)
122.09 ÷ 624.12 ≈ 0.1955 (a 5.11x factor decrease)
22.07 ÷ 122.09 ≈ 0.1809 (a 5.52x factor decrease)
7.00 ÷ 22.07 ≈ 0.3170 (a 3.15x factor decrease)
The most recent bullish run appears to be an outlier; if there'd been a 5.52x factor decrease from 22.07, that would've meant a rough 4x (22.07 ÷ 5.52) from the low, or a peak of 61,916.
There are multiple ways to interpret this pattern, and why it may or may not be holding this time around:
On the bullish side:
It's 'different' this cycle
A pro-crypto Trump administration/SEC chair shifts fundamentals
Growing legitimisation of BTC in institutional and regulatory circles
More funds flowing in via BTC ETFs
Currency debasement means more demand for BTC
The Rainbow chart indicates there's more room to grow
The halving pattern is still playing out
Search interest is below previous peaks on Google Trends , implying more potential interest
On the bearish side:
The culmination of bullish fundamental factors has overextended the pattern (much like how RSI can show an asset overbought for a long time before an eventual correction)
A risk-on year for assets more broadly has dragged BTC up with it, taking it past the established pattern
A larger market cap makes it harder to continue expanding exponentially as the market matures. BTC's market cap is $1.8t right now.
There is diminishing marginal demand—those already interested in BTC have bought in, reducing the pool of potential buyers
The Fear and Greed index has already reached levels see in previous peaks, like 2021
The feverishness surrounding meme coins is reminiscent of previous bubbles, like the ICO bubble and Dotcom bubble
Discussion
I think there are strong arguments to be made on both sides.
On one hand, it's true that it really might be different this time around. There's certainly more institutional adoption and regulatory clarity than ever before, with Trump even talking about a strategic Bitcoin reserve. There weren't Bitcoin ETFs in previous cycles, and the halving pattern suggests a peak usually around 1-1.5 years later; it's only been 8 months since the halving in April.
While the dollar will likely get stronger under Trump (potentially weakening BTC), there is the argument that weakening purchasing power in many countries is driving entities towards 'hard' assets, like gold, silver, and Bitcoin.
Then there is the room for more retail investors to participate, given search results for ' Bitcoin ' and ' buy Bitcoin ' are lower than previous highs (though I will note that 2021 was also lower than 2017). Lastly, while the Rainbow chart does show diminishing peaks, it does suggest we could still hit 'Is this a bubble?' or higher.
On the other hand, this recent run to $100k+ was mostly fueled by Trump's election win and his backing of crypto-friendly Paul Atkins for SEC chair. BTC jumped from around $69k on the day of the election—a bit above the top projected by the factor decrease pattern—and Trump's win may have temporarily distorted the pattern.
It is also possible that the market is reaching maturity. Assuming that BTC will move to $250k in 2025 as some predict, its market cap would be around $4.9t. That would put it above Apple's market cap of $3.775t but still decently below gold's $17.6t .
However, there's a reason gold is the most valuable asset in the world by market cap: it has historical, cultural, and social significance. Its durability and lustre meant it was used to decorate temples in ancient times and as a symbol of divinity. Over time, that led to it being valued as currency in ancient empires and eventually backing the dollar.
In contrast, Bitcoin is relatively young; while feasible that it could eventually overtake gold and still remarkable that it's achieved such a large market cap in around 15 years, it does beg the question if $250k would be too far, too soon. After all, central banks are hoarding gold right now, not Bitcoin.
This ties in with the reducing marginal demand for BTC. Those who already believe in its potential have bought in; while the number of participants is likely to go up over time, there don't seem to be many catalysts for many more to join in the near-term (besides rumours of a strategic BTC reserve).
2017 was the first time BTC really went mainstream. Alongside relatively low interest rates and a weak dollar, FOMO drove the rally; BTC jumped more than 20x that year. 2021 was similar; cheap money, pandemic boredom, a broader awareness of crypto, and FOMO, pushed BTC to new ATHs.
Looking ahead to 2025, there appear to be more bearish catalysts than bullish. Most notable is a Fed worried about inflation and whether it's appropriate to pause easing of rate cuts ( Deutsche Bank expects no cuts in 2025 , which while a bit extreme, is indication of the current state of affairs). At the time of writing, that's already pushed BTC down to GETTEX:92K from $108k.
There is a US stock market that has risen over 60% since the start of 2023, compared to an average annual return of around 10-11% since 1980. There's also the promise of inflationary tariffs, discretionary spending cuts, rising yields, etc. all of which are the opposite of bullish signals.
Combined with the Fear and Greed index hitting 94 in November (just under the 95 peak in early 2021, late 2021 saw peaks of 74) and extraordinary runup in memecoins recently—Fartcoin is worth $1.25 billion right now, up from $40 million at the end of October—the vibes are feeling a bit toppy.
Conclusion
In my opinion and on the balance of probabilities, the combination of the currently-overextended diminishing returns pattern and the fundamental factors described skews Bitcoin bearish from here.
There are certainly many counter-arguments to be made and I respect the fact that markets can stay irrational for a long, long time and I could be completely wrong (along with the fact I have my own biases). But, I do think it's at least difficult for me to be bullish or buy into Bitcoin here. The risk-reward isn't great; maybe a 2x is achievable, and that also possibly explains a lack of further retail interest and the pump in meme coins recently.
As an aside, it's interesting that this pattern would theoretically continue to produce diminishing returns until
the multiplier eventually reaches near-zero. I don't think that would be how it works in reality, but it does indicate that Bitcoin could reach a ceiling as cycles continue. Does that imply the pattern has to break at some point, or that there is a true 'natural' high for BTC?
I'd be interested to hear your thoughts. Thanks for reading.
Disclaimer:
This content is for informational purposes only and should not be considered financial, investment, or trading advice. The author is not responsible for any financial losses incurred based on this information. The opinions expressed are solely those of the author and are based on current data and analysis, which may not be accurate or complete. Always conduct your own research.
BITCOIN | IF DECLINE GOES DEEPERThe possibility of a deepening decline appears serious, and it’s essential to stay prepared for such scenarios. I have identified my hedge short levels at the red boxes, which I consider key areas for managing risk and capitalizing on potential downward movements.
Monitoring these levels closely will be crucial to adapting effectively to the market's evolving structure.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
Bitcoin Dips to $96K Amid MARA and Hut 8’s Major Accumulation SpBitcoin ( CRYPTOCAP:BTC ), the flagship cryptocurrency, faced a notable price dip to $96,300, reflecting a 6% decline over the past 24 hours. Despite this, significant institutional purchases by MARA Holdings and Hut 8 highlight the growing confidence in Bitcoin's long-term potential.
Institutional Accumulation on the Rise
MARA recently purchased 15,574 BTC at an average price of $98,529 per Bitcoin, totaling $1.53 billion. This acquisition, financed through zero-coupon convertible notes, has increased their holdings to 44,394 BTC, worth $4.45 billion at current prices.
MARA’s year-to-date BTC yield stands at an impressive 60.9%, underscoring their strategic accumulation approach.
Another institutional player, Hut 8, announced the purchase of 990 BTC for $100 million. These acquisitions demonstrate that major players view current prices as an attractive entry point, reinforcing Bitcoin's narrative as a store of value.
Market Sentiment and Activity
Despite the dip, CryptoQuant reports no signs of widespread panic selling. This indicates resilience among market participants, with many holding firm in anticipation of a rebound. Additionally, Bitcoin remains 4.59% up in December and 60% up over the past four months, reflecting its strong performance in the broader macroeconomic environment.
Technical Analysis
1. Relative Strength Index (RSI):
Bitcoin’s RSI currently sits at 35, signaling oversold conditions. Historically, such levels have often preceded a price rebound.
2. Fibonacci Retracement Levels:
Immediate support is observed at the 65% Fibonacci retracement level, a critical zone that could stabilize the price. However, persistent selling pressure might push Bitcoin lower, with potential targets at:
- $90,000 (1-month low)
- $80,000 (key psychological level)
3. Volume and Liquidations:
Over $100 million in liquidations occurred in the last 24 hours, suggesting significant market volatility.
Short-Term Outlook
While the dip has raised concerns, Bitcoin's fundamentals remain strong, bolstered by robust institutional demand. The oversold technical conditions and significant support levels suggest a potential recovery in the coming days. However, traders should remain cautious, as further dips could occur if broader market conditions deteriorate.
Conclusion
Bitcoin’s dip to $96K reflects short-term volatility, but the sustained interest from institutional players like MARA and Hut 8 underscores its long-term potential. As market sentiment stabilizes, Bitcoin could see renewed bullish momentum, making this an opportune moment for investors to assess their strategies.
BTC SHORT TO $94,760Finally some clarity from BTC, well worth sitting on our hands for a short period. We created a short term down trend with multiple confirmations (SMA break and rejection, LL's & LH's etc) a retracement back to the golden ratio and a rejection from a major key level has resulted in some bearish momentum for BTC and all correlated markets.
We'll se how this plays out as exhaustion will play some restriction in the momentum BTC can hold although i do think the target / 61.8% retracement level will be met of $94,760
Also currently waiting on BTC to produce a new LL on the 1H time frame so lets see how that pans out. I have moved stop to $11,065 to lock in 1.5% as we've been out the market for a few days.
P.S, sorry slightly late on posting this idea
Overbought Warning: Exercise Caution in Current Market Cycles
⚠️ Overbought Warning: Exercise Caution in Current Market Cycles ⚠️
Bitcoin and many altcoins are significantly overbought in their respective cycles. 🚨
Caution is strongly advised.
Avoid jumping into investments late in the 1-week cycle. Instead, wait for the cycle to dip below 20 before considering an entry. 📉
🧠 Quick Recap: How to Use the Cycle Signals
- ✅ Green Zone = Potential Buy Signal
- 🚫 Red Zone = Potential Sell Signal
We’ve been in the red zone for a considerable amount of time now, signaling heightened risk. A retracement appears likely, so patience is key!
⏳ The Danger of FOMO
It’s tempting to trade when:
- The market moves 24/7 🌐
- Influencers flaunt their PnL cards 📊
- News and activity are constant. 📢
But jumping into an overheated market can lead to losses, not gains.
✅ What to Do Instead:
- Don’t chase the hype.
- Missed a 10-15% gain? No problem! Compare that to the profits from buying in the green zone and selling in the red—you’ll make far more with less risk.
🔑 Stay Smart, Stay Patient
Remember: **There’s nothing worse than watching your portfolio bleed daily.** Avoid the stress by simply waiting for better cycle opportunities. 💡
This is not financial advice. Always do your own research! 📖
BTC / USDT: Bouncing back strong from key support BTC/USDT: Bouncing Back Strong from Key Support
Bitcoin (BTC/USDT) is showing resilience 💪 as it rebounds from a critical support level, signaling potential bullish momentum ahead 📈. This key level has previously acted as a launchpad for strong upward moves, and the current price action hints at a similar scenario unfolding 🚀.
Key insights:
1. Strong support zone: BTC has bounced off a well-established support area, reinforcing its importance as a demand zone.
2. Momentum shift: Indicators like RSI and MACD are turning upward ⚡, hinting at renewed buyer interest.
3. Volume increase: Early signs of increasing volume suggest that bulls are stepping back into the market 🔥.
Steps to confirm the uptrend:
Watch for a clear 4H or daily candle close above immediate resistance levels 📍.
Monitor trading volume; a surge in volume during upward moves strengthens the bullish case 📊.
Look for higher highs and higher lows on the charts to confirm a trend reversal 📈.
Risk management strategies:
Set a stop-loss below the support level to limit potential losses 🔒.
Scale into positions gradually as bullish confirmation develops 🎯.
Avoid overleveraging; position size should align with your overall trading plan ✅.
Important note:
This analysis is for educational purposes only and not financial advice. Always conduct your own research (DYOR) 🔍 and trade responsibly.
Bitcoin is Ready to fill CME Gap!!!Bitcoin ( BINANCE:BTCUSDT )is approaching the Resistance zone($105,560-$104,940) , Downtrend line , and Cumulative Short Liquidation Leverage($105,654-$104,709) .
According to Elliott's wave theory , Bitcoin seems to be completing wave 4 . Probably wave 4 will end in the Resistance zone($105,560-$104,940) .
I expect Bitcoin to go towards filling the CME Gap($103,325-$101,840) AFTER breaking the Support line .
⚠️Note: US indices (Federal Funds Rate, FOMC Economic Projections, FOMC Statement) can affect the trend of Bitcoin; the possibility that the market will get excited when the indices are announced is very high.⚠️
⚠️Note: If Bitcoin breaks the Resistance zone($105,560-$104,940), we can expect Bitcoin to rise further, especially if Bitcoin touches $106,200.⚠️
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.