Get started

Bitcoinprediction

BTC Potential Pullback After Upside Move to $66K-$67KDescription: Bitcoin has shown bullish momentum recently, with prices climbing towards the $66K- FWB:67K range. However, caution is advised for traders. Historically, sharp pullbacks often follow price rallies, especially when key psychological levels are tested. Scenario: Bullish Case: Bitcoin could rally further to the $66K- FWB:67K range, reaching resistance levels. If this level is broken, we could see a continuation toward $70K. Bearish Case: After hitting $66K- FWB:67K , we may experience a major correction. A strong rejection in this range could trigger a pullback, possibly to $60K or even $58K & 43k$, depending on market sentiment and volume. Strategy: For Long Traders: Be cautious as BTC nears the $66K- FWB:67K range. Consider setting tight stop-losses in case of a sudden reversal. For Short Traders: Watch for signs of weakness at resistance levels (bearish divergence, volume dropping, etc.) before entering a short position. Follow me for more Premium trade setup.
by Naveed_Azam_Zarrar
1
BTC: Two Likely Scenarios I'm WatchingBitcoin hasn't yet been able to break out above the diagonal resistance that formed after the most recent high. Until we're able to do a bump-and-run ABOVE this trendline, lower lows seem the most likely until we've found a zone with sufficient buying pressure to take us back upwards. Lower lows and lower highs mean short term bearish, unfortunately. I discuss the reasoning for these two scenarios in a little more detail, here: However, this doesn't imply that there won't be decent range trades / swing trades in this area - in fact, there's been incredible opportunities whilst Bitcoin chops around. Follow here to make sure you never miss a moment! ___________________ BINANCE:BTCUSDT
by CryptoCheck-
When Will Bitcoin Hit Its Next Peak?The BTC weekly chart with the Pi Cycle Indicator has historically been a reliable tool in predicting major Bitcoin market cycle highs and lows. As shown in the chart, this indicator successfully marked the peak of Bitcoin bull runs and bottom of bear markets during the last three major market cycles. The green markers on the chart labeled "Pi Cycle High" correspond to moments where Bitcoin reached its cycle top. These highs occurred during 2013, 2017, and 2021, right at the peak of major bull markets, suggesting the effectiveness of the Pi Cycle indicator in identifying sell zones. The blue markers labeled "Pi Cycle Low" signal the exact periods when Bitcoin hit its bear market bottom, seen in 2015, 2019, and potentially in 2022. These points provided strong buy opportunities before the market entered a new bull phase. Bitcoin currently trading above $62,000, the Pi Cycle Indicator has not yet signaled a new cycle high. This suggests that Bitcoin could still have further upside potential before reaching its next peak. If the historical pattern holds, we might expect Bitcoin to continue rising over the next year before the Pi Cycle High indicator signals the next top, potentially in mid to late 2025. Keep a close eye on the Pi Cycle indicator, as it could once again provide crucial signals for a peak in this cycle. Regards Hexa
CRYPTO:BTCUSD
by HexaTrades
Bitcoin Set for Explosive Move After 220-Day Consolidation!BTCUSD has been in a 220-day range, similar to a previous consolidation period seen in early 2023. Historically, after such long-range trading, Bitcoin has experienced strong bullish breakouts, as shown by the green arrows. With the current range nearing its end, we could be on the verge of another significant upward move. Keep an eye on a potential breakout, which may signal the start of a new bullish trend. Regards Hexa
BINANCE:BTCUSDLong
by HexaTrades
BITCOIN IS GOING UP! TA + TRADE PLAN BY BFTechnical Analysis of Bitcoin (BTC) on the Chart by Blaž Fabjan Falling Wedge Continuation Pattern The falling wedge is a bullish continuation pattern, often indicating a potential upward breakout after a period of consolidation. Resistance and Support Lines: The chart shows a clear resistance line sloping downward and a support line also trending downward. The price is approaching the apex of the wedge, where a breakout is likely imminent. Indicators Analysis: VMC Cipher B (Market Cipher Indicator): The divergences on the VMC Cipher B show a series of green dots, which are often used to indicate potential long entry points. The momentum appears to be turning positive, with the indicator suggesting possible bullish divergence. RSI (Relative Strength Index): The current RSI is at 39.81, which indicates a moderately oversold condition. An RSI below 40 often suggests that the market is near the bottom, and a potential reversal to the upside is likely. Stochastic Oscillator: The Stochastic Oscillator shows 43.44 and 47.50 (K and D lines), hovering near the oversold region but not yet fully bottomed out. A crossover or upward movement from these levels would provide additional confirmation of a bullish reversal. HMA+ Histogram: The HMA (Hull Moving Average) histogram shows recent red bars, indicating negative momentum, but it appears to be narrowing, suggesting that the selling pressure is weakening. A transition from red to green bars would confirm a shift toward bullish momentum. Potential Breakout Scenario: Given the falling wedge pattern and the technical indicators approaching oversold conditions, there is a strong likelihood of a bullish breakout. The volume is not provided in the chart, but price action suggests decreasing volatility before a potential breakout. The breakout direction is likely to be upwards, targeting the $65,000 to $67,500 resistance zone initially. Trading Plan by Blaž Fabjan: Entry Strategy: Wait for Confirmation of Breakout: Enter a long position once the price breaks above the resistance of the falling wedge pattern (around $61,500-$62,000). RSI needs to cross above 45 to confirm momentum is shifting to the upside. Ensure that the VMC Cipher B shows green dots and the Stochastic Oscillator shows a bullish crossover before entering the trade. Stop-Loss Strategy: Place a stop-loss just below the support line of the wedge, which would be approximately around $59,000, to protect against a false breakout or further downside. Profit Targets: First Profit Target: $65,000 (previous swing high and a significant psychological level). Second Profit Target: $67,500 (the next key resistance level after the breakout). Risk-Reward Ratio: Aim for a minimum 2:1 risk-to-reward ratio. For an entry near $62,000 with a stop loss at $59,000, the first target at $65,000 gives a decent risk-to-reward ratio, with the potential for higher gains if the price continues to climb. Trade Management: Trailing Stop: Once the price reaches the first target, move the stop-loss to breakeven (entry point) to lock in profits and manage risk. Monitor the RSI and VMC Cipher for signs of exhaustion in momentum once the price nears the second target. Alternative Scenario: If the price fails to break above the wedge and breaks below the support line, consider reversing the position or waiting for further confirmation of a bearish trend before shorting. By following my plan, traders can capitalize on the potential upward breakout from this falling wedge continuation pattern while managing their risk effectively.
CRYPTO:BTCUSDLong
by elfabiiani
1
My FINAL Bitcoin chart and Idea (forever)Everyone is too busy focusing on the wrong Technicals. Fear and Greed, RSI, MACD, Stock Markets, etc. All of these are good tools but we have to remember a few things: 1. Zoom out (Bitcoin follows the same 4-year cycle every time... this time is NOT different) 2. Keep it Simple (I'm tired of messy charts, only put what you need for the current timeframe) 3. Avoid Leverage (These areas are too risky and much too volatile... liquidity is getting grabbed at almost every level) Stay safe. I expect Bitcoin to retrace to $57k and then bounce back up... clear skies ahead if we can break out of this pattern I have drawn up. (If not we keep ranging as follows until we break significantly above the previous ATH) Peace out! It's been fun... I may return to crypto one day (if ykyk)
BINANCE:BTCUSDLong
by RetiredNovice
BTC Price Set for Potential Bounce at Lower Bollinger BandBTCUSDT Technical analysis update Whenever the price touches the lower Bollinger Band, it has historically bounced back. Currently, the price is approaching the lower Bollinger Band at the 59K-60K level (indicated by the yellow circle), suggesting a potential bounce from that area. If historical patterns hold, we can anticipate a short-term bullish reversal, with the price aiming for the upper Bollinger Band in the upcoming sessions. Regards hexa
CRYPTO:BTCUSDLong
by HexaTrades
Bitcoin Weekly MACD Cross: Bullish Momentum BuildingBTCUSDT technical analysis update. In the weekly Bitcoin chart above, we can see that the price has been consolidating after a strong bullish rally. The key point to note here is the potential MACD crossover, which could signify a shift in momentum. The blue MACD line is approaching the red signal line from below, indicating that a bullish crossover might be imminent. This could suggest that the bearish phase is weakening and that Bitcoin is preparing for an upward move. The histogram has been decreasing in negative territory, which typically points to diminishing bearish momentum. A shift to positive values could confirm a trend reversal. The price is currently trading near key resistance levels, and if the MACD crossover happens, we could expect Bitcoin to break through these resistance zones, possibly leading to a significant upward move. Wee should closely monitor the MACD for confirmation of the crossover on the weekly chart, as this signal has historically been a strong indicator for trend reversals in Bitcoin. If the crossover happens, it could lead to a sustained bullish move. Regards Hexa
CRYPTO:BTCUSDLong
by HexaTrades
Bitcoin technical analysis + trade plan by BFTechnical Analysis for Bitcoin (BTC/USDT) by Blaž Fabjan Overview of Current Market Structure: Descending Trading Channel: The Bitcoin price is currently trading within a descending channel, marked by parallel lines of resistance and support. The price has respected both boundaries and continues to oscillate between them. Support: The current support level within the descending channel is approximately 60,000 USDT, as shown by the lower green line. Resistance: The resistance level is around 61,758 USDT, as indicated by the upper green line. Potential Breakout: A potential breakout to the upside is indicated by the analysis. If the price breaks through the resistance zone, we may see a rally towards the 64,591 USDT mark, which is a key resistance level in the broader time frame. Indicators Analysis: RSI (Relative Strength Index, 14 periods): The RSI is currently around 39.25, which indicates that the market is in a slightly oversold condition. This suggests a potential buying opportunity if momentum shifts to the upside. Stochastic Oscillator (14, 3, 1): The stochastic oscillator shows a value of 27.09, signaling that the market is near the oversold region. A bullish crossover between the %K and %D lines could trigger an upward move. VMC Cipher B Indicator (Divergences): The VMC Cipher B Divergences are currently showing bearish momentum, but the price appears to be bouncing off a significant support level. We are awaiting confirmation for a reversal. HMA Histogram (40, 44): The HMA Histogram shows a value of 91.97 in the short term, indicating that bearish momentum is starting to slow, and a potential bullish reversal could occur soon. Key Levels to Watch: Immediate Support: The key support level lies around 60,000 USDT. If the price drops below this level, further bearish movement towards 58,000 USDT could be expected. Immediate Resistance: Resistance stands at 61,758 USDT, the upper boundary of the descending channel. A breakout above this level could trigger a bullish rally. Key Target Level: The next major target on a breakout would be the 64,591 USDT resistance, where the price is likely to face significant selling pressure. Trading Plan: Bullish Scenario: Entry Point: Look for a breakout above the 61,758 USDT resistance level. Confirm the breakout with increasing volume and price closing above the channel. First Target: 64,591 USDT, which is a major resistance zone in the upper range. Stop Loss: Place the stop loss slightly below the support level of 60,000 USDT to manage downside risk. Second Target (Aggressive): If bullish momentum continues, a potential extension towards 65,500 USDT is possible, aligning with previous highs. Bearish Scenario: Entry Point: If the price fails to break above the 61,758 USDT resistance level and starts rejecting at this point, consider a short position with a breakdown below the 60,000 USDT support. First Target: A drop towards 58,000 USDT could be expected if bearish momentum accelerates. Stop Loss: Set the stop loss above 62,000 USDT, just outside the resistance of the descending channel to account for volatility. Neutral Scenario (Sideways Trading): If the price consolidates between 60,000 and 61,758 USDT, wait for a clearer breakout or breakdown before entering any trades. The current channel suggests potential opportunities, but patience for confirmation is key. Risk Management: Position Size: Use proper risk management by not risking more than 1-2% of your capital on any trade. Risk-Reward Ratio: Maintain a favorable risk-reward ratio of at least 1:2 or higher to ensure the profitability of your trades.
Long
by elfabiiani
1
Bitcoin falling to 59K??? Short-term prediction!!Hey guys! Many interesting things happening at the market right now, and here are my thoughts about BTC. So in quick we have a red cross on 4H, so seems like we at least can see BTC around 59K, cause also this is important Fib 0,618 level. The volumes are still descending, plus the green line was broke, which means that we have a convergence with volume. For me, for sure we gonna touch 59K zone and after we will see. What's your thoughts?
Short
by SheTradesHub
Bitcoin's local perspective 07.10.24Now, INDEX:BTCUSD has formed an ascending pattern AMEXP (yellow)👇 that describes a correction within the previous descending pattern AMEXP (red)👇 If now the price can break through the $64,076-$64,236 zone, we may see a continuation of growth with targets at $64,738 and $64,955, followed by a correction to the range around the $62,368 level. After that, we will have to watch the reaction to this zone and the trend line in more detail, as there is a possibility to go to $66,000, and there is a possibility to renew the swing low and say hello to $57,834 - so the area around the $62,368 level will be an important place for decision making.
INDEX:BTCUSD
by TSFC
Cardano: Crash Ahead? Prepare for a Potential 20%+ Downside!Hey Realistic Traders, let’s dive into the analysis of BINANCE:ADAUSDT On the daily chart, Cardano continues to struggle below the critical EMA200, signaling a persistent bearish bias. Even more telling, the price has repeatedly respected the bearish trendline, underscoring the strength of this downtrend. To make matters worse, we've seen a breakout from two major bearish formations: the Rising Wedge and the Ascending Broadening Wedge. Both patterns point to a continuation of the downward spiral. Adding fuel to the fire, the MACD has made a clear bearish crossover, confirming that the bears are firmly in control. Based on these signals, we anticipate a sharp drop toward the first target at 0.2753. After that, a brief pullback could bring prices back into the green zone before heading even lower to the second target at 0.2384. This technical outlook remains valid as long as the price stays above the support area at 0.4158. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Cardano. Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Short
by financialfreedomgoals101
3
BTC Bullish Above $65.5K, Bearish Below $60K | Weekly to 4-HourHey everyone, it’s Mindbloome Trader here! Let’s dive into Bitcoin’s charts, from the weekly to the 4-hour timeframe. If BTC breaks above $65,570, we’re in for a bullish run. But if we dip below $60K, things could turn bearish fast. Keep these levels on your radar and, as always, trade what you see. Let’s get it! Key Levels: Bullish above $65,570 (Target higher moves) Bearish below $60,000 (Watch for downside pressure) Mindbloome Trader Trade what you see
MARKETSCOM:BITCOIN
by Mindbloome-Trading
BITCOIN: October Key Levels BreakdownBitcoin Technical Analysis: Key Levels Breakdown In this analysis, we see a scenario where Bitcoin might move down first to clear specific liquidity levels, which could generate the necessary buying power to fuel a larger upward movement later. Below, I've clearly defined both the liquidity zones and the support/resistance levels, each serving different but crucial roles in the upcoming price action. Liquidity Levels: These liquidity levels are important as they indicate areas where significant orders are likely resting. When the price moves into these zones, it can trigger a lot of buying or selling activity, leading to increased volatility and potential trend reversals. Essentially, liquidity grabs help gather the buying power necessary for the next major move. $64,500 - $64,000: A key upper liquidity zone. Breaking above this area would likely trigger significant buy orders, pushing the price strongly upwards. $62,500 - $62,000: This zone is likely to be an area of liquidity grab before a potential move up. Traders might see strong activity here as it collects both stop-loss orders and new market orders. $60,000 - $59,500: A deeper liquidity level where substantial buy orders might be triggered. This area could play an important role in re-establishing bullish momentum if the price drops. $57,300 - $57,000: The lowest liquidity zone highlighted. If the price dips this far, it could indicate an opportunity for long-term accumulation, and we could see a substantial bounce back up from here. Support/Resistance Levels: These levels represent important areas derived from Fibonacci retracement values and high volume notes, which are often used to identify potential turning points. They serve as natural areas of support during a correction or resistance during an uptrend. $63,600 - $63,000: This area is currently acting as a resistance level. Breaking above could confirm further bullish momentum. $62,250 - $61,900: A potential support zone. This level might see price stabilization or a bounce if Bitcoin retraces here. $61,200 - $60,800: A critical support area near the daily trendline. Holding this level could provide a bullish setup for a further move up. $59,300 - $58,900: Another significant support area, which may serve as a reversal point if the price drops lower. $58,000 - $57,500: A foundational support level. It coincides with the lowest Fibonacci levels, indicating a strong potential bounce if the price finds support here. Summary: In this analysis, we expect Bitcoin to dip to collect liquidity from some of the identified zones before making a strong push upwards. Liquidity zones are crucial for creating buying power, while the support and resistance levels help identify areas where prices could stabilize or reverse. Watching how Bitcoin reacts at these levels can offer great insight into the market’s next moves, and provide potential trade opportunities. The key takeaway is that after clearing liquidity, a strong bullish move is likely.
Long
by Davy_h
Bitcoin BTC price sets the mood of the crypto marketThe Oc Uptober fest did not go well on the crypto market - sadness, pain, and the red color reigned supreme. But is it really that bad, let's find out. OKX:BTCUSDT price has dropped to $60k and the middle of the channel, where the price has been consolidating for more than 7 months. And although we have set $57k per CRYPTOCAP:BTC as a critical level for ourselves, but maybe we don't need to go there anymore ?) It's better to use 1-2 large green daily candles up to GETTEX:64K per #Bitcoin. Unfortunately, we don't control the market) 🟢 BTC.D - 58.17% 🟢 USDT.D - 5.82%. Both indices are slowing down their growth and trying to turn down, which may be a fresh breath of air for altcoins, but it will probably not be enough for everyone) 🔴 The Fear and Greed Index is 37 (a couple of days ago it was 61), there is already fear, but not yet critical, which is where global reversals usually come from. 🍿 We are waiting for Chinese liquidity to enter the cryptocurrency market, just a little more patience. By the way, LSE:CFX with “Chinese roots” has held up quite well in recent days, it is worth keeping an eye on. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
Bitcoin / USD May Rise to 64,370 - 65,100 (READ DESCRIPTION)Bitcoin / USD May Rise to 64,370 - 65,100 Pivot Point: 61,760 – This level acts as the key pivot for price action. Trading above it signals bullish momentum, while breaking below may indicate downside risk. Primary Strategy (Our Preference): Entry Point: As long as 61,760 is support, expect the price to rise toward 64,370 and potentially 65,100. Alternative Scenario: Entry Point: If the price breaks below 61,760, consider short positions for potential downside. Target Levels: 60,550: This serves as the initial downside target. 59,820: Further bearish momentum could push Bitcoin toward this lower support level. Technical Outlook: RSI Indicator: The Relative Strength Index (RSI) is above 50, indicating bullish sentiment and supporting further upside. MACD Indicator: The MACD is positive and above its signal line, confirming the potential for further gains. Moving Averages: Bitcoin is trading above both its 20-period and 50-period moving averages (respectively at 62,441 and 62,143), signaling ongoing short-term strength. Comment: The RSI and MACD both indicate a bullish configuration. As long as the price remains above the 61,760 pivot point, further upside toward 64,370 and 65,100 is expected.
MARKETSCOM:BITCOIN
by CharivapaAlgo
BITCOIN after the FOBO ! ( FAKEOUT BREAKOUT) BITCOIN, after the FAKEOUT BREAKOUT, has re-entered the bearish channel that we’ve been monitoring for several months. This was a false breakout, which left many of us hopeful for a bullish market, but it turned out to be the opposite! But no worries, we must wait. The important thing here is that, within the bear market we saw last week, the price bounced off a very important and key zone that we’ve been tracking for several months. This purple zone is what I call my inefficiency zone, which I also consider one of the strongest areas where Bitcoin has previously made strong impulses. The only thing we should consider here is that Bitcoin will likely try to break the channel again. We can’t do anything until the price is on the other side of the channel. It’s that simple! Don’t try to enter right now because the price could pull back. Always pay attention to the immediate structure being presented and WAIT! We already have confirmation that the price has bounced within our inefficiency zone. Now, we just wait for the breakout, so patience is key! That’s my advice for this week. Best regards, and thank you for supporting my analysis.
COINBASE:BTCUSDLong
by RocketMike111