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Bitcoin Cycle Top Expectation: Fibonacci Targets $160K-$180KAs Bitcoin approaches the $100,000 milestone, this analysis leverages Fibonacci extensions to highlight potential targets for the current market cycle. Historical trends suggest that Bitcoin’s cycle tops often align with major Fibonacci levels, making the $160K-$180K zone a key area of interest. This zone represents a strong convergence of resistance based on both technical levels and psychological significance, where a potential cycle top could form. The chart provides a visual breakdown of these targets, with additional possible extensions if momentum overextends. Disclaimer: This is not financial advice. Always conduct your own research before making any investment decisions.
COINBASE:BTCUSDLong
by djobs
Bitcoin (BTC/USD) Analysis: Correction on the Horizon?Bitcoin has been on a parabolic rally, recently crossing the critical 1.618 Fibonacci extension level at $96,232. As BTC edges closer to the psychological $100,000 mark, questions arise about whether this momentum can be sustained or if a correction is imminent. Here's a detailed analysis: Key Observations: 1.Fibonacci Extension Levels The price has decisively broken above the 1.618 Fibonacci level at $96,232, a critical milestone often associated with overextension in trends. Historically, price corrections tend to occur after such steep rallies, especially near extended Fibonacci levels. 2.Overbought RSI The daily RSI is in overbought territory (>70), signaling that the asset may be due for a cooling-off period. A potential bearish divergence could emerge if the price forms higher highs while RSI fails to do so, which is a classic precursor to corrections. 3.Volume Dynamics While volume supported the initial breakout, it has been relatively muted as Bitcoin approaches $100,000. Declining volume in an uptrend often signals waning momentum and increases the likelihood of a pullback. 4.Psychological Resistance The $100,000 level is a key psychological barrier, likely to trigger profit-booking by traders and long-term holders alike. 5.Potential Support Zones In case of a correction, watch for support at the previous Fibonacci levels: $90,000 (minor support) $74,296 (1.0 retracement) $66,700 (0.786 retracement) Scenarios to Watch: 1.Short-Term Correction Likely If BTC fails to hold above the 1.618 level ($96,232), we could see a pullback toward $90,000 or even deeper to $74,296. Bearish RSI divergence or a decline in volume on higher prices would confirm this scenario. 2.Continued Rally Consolidation above $96,000, supported by strong volume and neutralizing RSI, could indicate sufficient strength for a breakout beyond $100,000. A confirmed breakout with volume could pave the way toward $110,000 and beyond. Conclusion: A correction appears increasingly likely in the short term as BTC approaches the psychological $100,000 resistance with overbought conditions. However, the broader trend remains bullish, and any pullback to key Fibonacci support levels could present a buying opportunity for long-term traders. Key levels to watch: $96,000 (immediate support), $100,000 (resistance), and $74,296 (major support). Stay cautious and monitor the RSI, volume, and price action around $100,000 to gauge the next move. Let me know your thoughts! Is BTC primed for a pullback or ready to shatter $100,000? Comment below!
BINANCE:BTCUSDShort
by AngshumanSaikia
Bitcoin Nears $100,000 as China Clarifies Personal Crypto RightsBitcoin, the world's largest cryptocurrency, has been on a tear, recently surpassing the $99,000 mark. This surge has been fueled by a combination of factors, including increased institutional adoption, favorable regulatory developments, and growing global economic uncertainty. China's Crypto Clarity One of the most significant developments for the cryptocurrency market has been China's clarification of its stance on personal crypto ownership. While the country has imposed strict regulations on cryptocurrency trading and mining, it has clarified that individuals are allowed to hold cryptocurrencies for personal use. This regulatory clarity has boosted investor confidence and could potentially lead to increased adoption of cryptocurrencies in China, the world's second-largest economy. Institutional Adoption Continues to Grow Institutional investors, such as hedge funds, pension funds, and corporations, have been increasingly investing in Bitcoin and other cryptocurrencies. This growing institutional interest has provided significant support to the market and has helped to drive the price of Bitcoin higher. Global Economic Uncertainty The ongoing global economic uncertainty, including rising inflation, geopolitical tensions, and the potential for a recession, has led investors to seek alternative assets. Bitcoin, as a decentralized and inflation-resistant asset, has become an attractive investment option for many. Technical Analysis: A Bullish Outlook Technical analysis of Bitcoin's price chart suggests that the cryptocurrency is in a strong uptrend. The recent breakout above the $99,000 level has further strengthened the bullish sentiment. Key technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are signaling1 bullish momentum. On-Chain Data Points to Further Upside On-chain data, which analyzes the behavior of Bitcoin on the blockchain, provides further insights into the potential for future price appreciation. Metrics like the MVRV Z-Score, NUPL, and Puell Multiple suggest that Bitcoin is not overbought and has significant room to grow. Challenges and Risks While the outlook for Bitcoin remains bullish, it is important to acknowledge the risks and challenges associated with investing in cryptocurrencies. These include: • Market Volatility: The cryptocurrency market is highly volatile, and Bitcoin's price can fluctuate significantly in a short period. • Regulatory Uncertainty: Changes in regulations can impact the price of Bitcoin and other cryptocurrencies. • Security Risks: Cryptocurrencies are vulnerable to hacking attacks and other security threats. • Technical Issues: Technical issues with the Bitcoin network could negatively impact its performance and price. Conclusion Bitcoin's recent surge to near $100,000 has been fueled by a combination of factors, including increased institutional adoption, favorable regulatory developments, and growing global economic uncertainty. While the future of Bitcoin remains uncertain, the current bullish sentiment and strong technical indicators suggest that the cryptocurrency could continue its upward trajectory. However, investors should approach Bitcoin with caution and be aware of the risks involved.
BITSTAMP:BTCUSD
by bryandowningqln
Breaking News:Bitcoin Hits All Time Highs Above $98,000This is a historical event and so I thought I share it with you via video. - Inside this video, I share with you how to use the Rocket Booster Strategy and then combine it with - A charting technique To learn more watch this video right now. - Disclaimer: Please learn risk management and profit-taking strategies. Because trading is risky you will lose money whether you like it or not Also, use a simulation trading account before you use your real money. Do not trade with margin or use high leverage, Do not use leverage higher than 3x.
CRYPTO:BTCUSDLong
by lubosi
BITCOIN new ATH ( 98500$ )Hello and greetings to all the crypto enthusiasts, ✌ In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for Bitcoin, 📚💡 The current chart doesn't reveal any new support level, which is somewhat unusual in this market. To address this, I've employed Fibonacci retracement levels and trendlines to help identify key support zones that might be pivotal in the coming days. Given the recent uptick in trading volume and the influx of new market participants, it seems highly likely that Bitcoin will experience a price increase of at least 10% in the near term. 📚🎇 This potential rise appears to be driven by a combination of strong buying interest and a generally positive market sentiment surrounding the cryptocurrency. However, while the outlook is bullish, it's crucial to remain cautious and stay alert to the possibility of range-bound candles. 📚✨ These candles could indicate a period of consolidation or short-term price fluctuations before any significant upward movement takes place. Staying vigilant and closely monitoring these patterns will help in anticipating the next major price action. 📚💡 🧨 Our team's main opinion is The chart doesn’t show a new support level, so I’ve used Fibonacci retracement and trendlines to identify key support zones. With increased trading volume and positive sentiment, Bitcoin is likely to rise by at least 10%, though short-term consolidation may occur before the next big move.🧨 Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
Long
by MadWhale
28
Bitcoin Hits All-Time High After BTC ETF Options DebutMarket Update - November 22, 2024 Takeaways BlackRock’s iShares Bitcoin Trust became the first US spot bitcoin ETF approved for options trading:  The price of bitcoin subsequently surged to nearly $98,000 on Thursday, reaching a new all-time high. Institutional interest in MicroStrategy surged this week, with the value of those holdings jumping to $15.3 billion:  Microstrategy founder Michael Saylor has continued to purchase bitcoin and MSTR shares have seen year-to-date gains of roughly 450%. Trump considers Teresa Goody Guillén for SEC chair:  Her appointment would likely usher in crypto-friendly policies and regulatory reform. Meme coins including Bonk, Mog, and Brett have set all-time highs amid a rally partly driven by the resurgence of DOGE to $0.43:  Bonk surged 120% following a burn campaign earlier this week, while Moo Deng also hit record prices. Russia has drafted amendments to tax crypto income, classifying digital assets as property:  The new laws would subject trading and mining income to a 15% personal income tax, while VAT exemptions would apply to crypto transactions. ➕ Topic of the Week: Recurring Buys 🫱 Read more here
GEMINI:BTCUSD
by Gemini
1
Waiting RoomThe $100k BTC mark has been a mythological target for crypto traders for a very long time. It felt so near back in 2021, yet proved to be so far. In the end, we even went below $20k again before going back up this year. When you are reading this, 1 Bitcoin might well already be worth over $100,000. But for now, over the past 24h, it has continued to remain tantalisingly close to the magic number. Crossing this price point would be yet another major milestone in a year that has already seen the approval of Bitcoin and Ethereum ETFs. It is now a waiting game. Once that $100k threshold will be inevitably crossed, all eyes will be set on what is next. Of course, as usual in moments of euphoria, crypto bulls compete with each other to set ever higher price targets. Will MIL:1M be the next one? Or is $500k already big enough? Many Bitcoiners will argue that the next target is gold Market Cap parity. After all, Bitcoin claims to be the digital gold with all of gold's benefits such as scarcity but with far easier movability and programmability on top. Gold's current market cap is $18 trillion. Bitcoin's market cap in the meantime is at around $2 trillion. The potential upside if this thesis plays out still seems juicy, particularly for traditional funds and investors who value Bitcoin's 'established' status as macro asset. One of the main characters in the current market environment remains Michael Saylor, founder of Microstrategy (MSTR). Microstrategy is a legacy tech company that had seen its previous all-time high before the dotcom bubble burst in 2000. Since starting to accumulate Bitcoin in 2020, Michael Saylor has turned MSTR into a leveraged proxy for the Bitcoin price. Over the years, Microstrategy has sold additional shares and then used the proceeds of those sales to purchase Bitcoin. In addition, the company issues convertible debt offerings at 0% interest and uses the funds to buy more Bitcoin. These offerings are appealing to institutional investors because they offer exposure to Bitcoin while limiting the downside risk. The company's 2027 convertible bond, which also has 0% interest rate, trades 200% over par. MSTR's stock as well as its convertible bonds are now proxies of Bitcoin exposure. Microstrategy's Bitcoin holdings now stand at 331,200 BTC, worth $30.4 billion. This is almost 1.6% the entire Bitcoin supply. Meanwhile, the company's market cap is at $80 billion, showing a more than 2x premium over the company's Bitcoin holdings. Many traders of course are deeply sceptical about this setup. Too much post-traumatic stress from the 2022 blowup not just of Luna/Terra but also of the Grayscale trade remains. For those who do not remember, the Grayscale Bitcoin fund was a pre-ETF Bitcoin fund that was open to traditional investors. It was essentially a proxy for holding Bitcoin. For years, it traded at a premium.  Funds, such as Three Arrow Capital, would leverage up on Bitcoin, deposit into the fund and then sell fund shares at a premium. But when the premium flipped negative in 2021, it signalled the beginning of the end for many overleveraged funds and traders. The case of MSTR seems somewhat different, but traders should watch the amount of leverage at play and which direction the MSTR premium over Bitcoin will go for an indication of the market cycle.  Whichever way this goes, it certainly does fill like the markets still have room to run. So for now we all remain in the $100,000 Waiting Room. It should not be much longer from here.
Long
by Coinrule
How Do They Contribute to the Surge Above $100K on Deribit?A New Era of Crypto Adoption Dawns The cryptocurrency market has been ablaze with bullish sentiment, and Bitcoin (BTC) has taken center stage. A particularly striking development has emerged from the derivatives market, with Bitcoin futures on Deribit trading above the $100,000 mark for contracts expiring in March, June, and September 2025. This unprecedented surge in futures prices signals a profound shift in market sentiment and underscores the growing anticipation for Bitcoin's long-term potential. The Deribit Phenomenon Deribit, a prominent cryptocurrency derivatives exchange, has become a focal point for institutional investors and traders seeking exposure to Bitcoin's volatility. The exchange's robust trading platform and deep liquidity pools have attracted diverse market participants, from hedge funds to retail traders. The recent surge in Bitcoin futures prices on Deribit can be attributed to several factors: 1. Institutional Adoption: A growing number of institutional investors, such as hedge funds and pension funds, are allocating a portion of their portfolios to cryptocurrencies. These institutions often prefer derivatives markets for their flexibility and risk management capabilities. 2. Regulatory Clarity: Increasing regulatory clarity in major jurisdictions, including the United States, has boosted investor confidence. As governments worldwide grapple with the implications of cryptocurrencies, a more favorable regulatory environment could further accelerate adoption. 3. Network Upgrades: Bitcoin's ongoing network upgrades, such as the Lightning Network and Taproot, are enhancing the efficiency and scalability of the blockchain. These improvements could lead to increased adoption and transaction volume. 4. Deflationary Nature: Bitcoin's limited supply and deflationary nature make it an attractive asset for long-term investors. As the demand for Bitcoin grows, its price is expected to appreciate over time. A Glimpse into the Future The $100,000 price level for Bitcoin futures represents a significant psychological barrier. Breaking through this level could further ignite bullish sentiment and attract new investors to the market. However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. While the long-term outlook for Bitcoin remains optimistic, short-term price fluctuations are inevitable. Investors should approach the market with a long-term perspective and be prepared for potential volatility. The Road Ahead As Bitcoin continues to evolve and mature, its role in the global financial system is likely to expand. The recent surge in futures prices on Deribit is a testament to the growing recognition of Bitcoin's value proposition. However, it is crucial to remain cautious and conduct thorough research before investing in cryptocurrencies. Potential Challenges and Risks Despite the bullish sentiment, several challenges and risks could impact Bitcoin's price trajectory: 1. Regulatory Uncertainty: While regulatory clarity is increasing, inconsistent regulations across different jurisdictions could create uncertainty for investors. 2. Market Manipulation: The cryptocurrency market is susceptible to market manipulation, especially by large players with significant financial resources. 3. Security Risks: Hackers and cybercriminals pose a constant threat to cryptocurrency exchanges and wallets. 4. Economic Downturns: Economic downturns and geopolitical tensions could negatively impact the cryptocurrency market. Conclusion The recent surge in Bitcoin futures prices on Deribit marks a significant milestone in the cryptocurrency market. However, investors should approach the market with caution and be aware of the inherent risks. As the cryptocurrency industry continues to evolve, it is essential to stay informed and adapt to the changing landscape. Disclaimer: This article is for informational purposes only and should not be construed as financial advice.1 Please conduct your own research2 or consult with a financial advisor before making any investment decisions.
BITSTAMP:BTCUSDLong
by bryandowningqln
1
How Do They Contribute to the Surge Above $100K on Deribit?A New Era of Crypto Adoption Dawns The cryptocurrency market has been ablaze with bullish sentiment, and Bitcoin (BTC) has taken center stage. A particularly striking development has emerged from the derivatives market, with Bitcoin futures on Deribit trading above the $100,000 mark for contracts expiring in March, June, and September 2025. This unprecedented surge in futures prices signals a profound shift in market sentiment and underscores the growing anticipation for Bitcoin's long-term potential. The Deribit Phenomenon Deribit, a prominent cryptocurrency derivatives exchange, has become a focal point for institutional investors and traders seeking exposure to Bitcoin's volatility. The exchange's robust trading platform and deep liquidity pools have attracted diverse market participants, from hedge funds to retail traders. The recent surge in Bitcoin futures prices on Deribit can be attributed to several factors: 1. Institutional Adoption: A growing number of institutional investors, such as hedge funds and pension funds, are allocating a portion of their portfolios to cryptocurrencies. These institutions often prefer derivatives markets for their flexibility and risk management capabilities. 2. Regulatory Clarity: Increasing regulatory clarity in major jurisdictions, including the United States, has boosted investor confidence. As governments worldwide grapple with the implications of cryptocurrencies, a more favorable regulatory environment could further accelerate adoption. 3. Network Upgrades: Bitcoin's ongoing network upgrades, such as the Lightning Network and Taproot, are enhancing the efficiency and scalability of the blockchain. These improvements could lead to increased adoption and transaction volume. 4. Deflationary Nature: Bitcoin's limited supply and deflationary nature make it an attractive asset for long-term investors. As the demand for Bitcoin grows, its price is expected to appreciate over time. A Glimpse into the Future The $100,000 price level for Bitcoin futures represents a significant psychological barrier. Breaking through this level could further ignite bullish sentiment and attract new investors to the market. However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. While the long-term outlook for Bitcoin remains optimistic, short-term price fluctuations are inevitable. Investors should approach the market with a long-term perspective and be prepared for potential volatility. The Road Ahead As Bitcoin continues to evolve and mature, its role in the global financial system is likely to expand. The recent surge in futures prices on Deribit is a testament to the growing recognition of Bitcoin's value proposition. However, it is crucial to remain cautious and conduct thorough research before investing in cryptocurrencies. Potential Challenges and Risks Despite the bullish sentiment, several challenges and risks could impact Bitcoin's price trajectory: 1. Regulatory Uncertainty: While regulatory clarity is increasing, inconsistent regulations across different jurisdictions could create uncertainty for investors. 2. Market Manipulation: The cryptocurrency market is susceptible to market manipulation, especially by large players with significant financial resources. 3. Security Risks: Hackers and cybercriminals pose a constant threat to cryptocurrency exchanges and wallets. 4. Economic Downturns: Economic downturns and geopolitical tensions could negatively impact the cryptocurrency market. Conclusion The recent surge in Bitcoin futures prices on Deribit marks a significant milestone in the cryptocurrency market. However, investors should approach the market with caution and be aware of the inherent risks. As the cryptocurrency industry continues to evolve, it is essential to stay informed and adapt to the changing landscape. Disclaimer: This article is for informational purposes only and should not be construed as financial advice.1 Please conduct your own research2 or consult with a financial advisor before making any investment decisions.
BITSTAMP:BTCUSDLong
by bryandowningqln
How Bitcoin BTC Will Break $100k And What Is Going Next?Hello, Skyrexians! BINANCE:BTCUSDT is approaching the $100k, which is the key psychological level for many traders. Some traders are wondering how Bitcoin can pump so high, other became believe in $200k, $500k of even one million dollars per coin! For those who follow us it's not surprise that BTC has almost reached $100k from our previous analysis . There we mentioned that crypto asset is finishing the bull run with the wave 5. This wave had the target at $107k and we can define with higher accuracy the wave's end using subways count inside it. On the daily time frame we can see the potential Elliott Waves counting. Looking at the maximum Awesome Oscillator value we can see that currently price is printing wave 3. This wave has the target with the 1.61, 2.61 or 3.61 Fibonacci extension levels. The first one has been broken, now price is at 2.61 level. Therefore, it can start local correction anytime now. The maximum target is $113k, which has the low probability of reaching in this wave 3. We want you also to pay attention that Bullish/Bearish Reversal Bar Indicator flashed the green dot just before the growth and at the bottom on August 5 as well. As always, alerts from this indicator can be automatically replicated on exchange account orders. You can find the information in our article on TradingView . We can expect the red dot as a potential reversal sign. The next dump in our opinion is not going to be the end of this game, Bitcoin shall print wave 4. It has targets between 0.38 and 0.5 level. BTC usually tends to show the short correction, so $79k can be the correction target. After that we expect the final subway of the final wave, which will likely reach our target from previous article at $107k, but the decisive factors are going to be the bearish divergence of the AO and the red dot on our indicator. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
COINBASE:BTCUSD
by Skyrexio
16
Bitcoin Approaching Upper Channel Resistancehello guys. Ascending Channel: Bitcoin is trading within a well-defined ascending channel, with support and resistance levels marked by parallel lines. Upper Resistance Zone: The price is nearing the upper boundary of the channel around $95,784, which may act as strong resistance. Bullish Momentum: The trend is bullish as Bitcoin has consistently followed the channel upwards, respecting both support and resistance levels. Potential Pullback: If Bitcoin faces resistance at the upper channel, a pullback towards the midline or lower boundary is possible. Target: If the price breaks above the upper boundary, Bitcoin could see a further bullish extension around $95,784. However, rejection at this level could signal a temporary correction.
Long
by melikatrader94
9
Wave III is probably too largeHey guys and girls, Here is an updated chart from my (Feb 29, 2024) post. Preamble: Several months ago when I said "stand-pat" I said it for a purpose and my purpose is right here now, (all targets have been achieved) The market is trying to tell us something! As shown on this chart, Wave III is a fairly clear five (BTC is completing the fifth wave ((5)) of the third leg III of a 5-wave rally ) The Grand Super cycle from 2019 : Wave ((3)) > 161.8% of wave ((1)) Wave ((5)) > 261.8% of wave ((1)) ----> Wave III is probably too large! As a result, wave III is still not complete! So there's only one thing to do! Appendix: Further updates to follow 👇
CRYPTO:BTCUSDLong
by BTC-XLM
3
BITCOIN: Money on Your Screen? Turn It Into Real Gains at $100K!"Money on your screen won't feed your family." This simple truth serves as a reminder to lock in some short- or mid-term profits. Imho, the price range between $95,000 and $105,000 presents a solid opportunity to take some gains off the table. For long-term holders, your target prices might be far beyond imagination, but technically, this area offers an optimal spot to secure some profits. At the very least, consider taking partial profits here. Yes, the price could continue climbing, but remember: "Reward yourself and ground your expectations." Technical Criteria Supporting This Zone: 1. The psychological round number $100,000. A long-anticipated milestone and natural profit-taking level. 2. Channel projection – This method suggests optimal areas for profit-taking, especially when there is minimal or non-historical price action on the left side of the chart. 3. Equal waves within the channel are also indicated inside the green box. Taking profits isn’t about abandoning the trade; it’s about rewarding yourself for making smart decisions and reducing risk. Prices at these levels are high. Summary: Locking in profits in the $95,000–$105,000 range is both technically justified and psychologically wise. This zone aligns with key technical criteria, including the psychological $100,000 level, channel projections, and equal wave measurements. Partial profit-taking ensures you reward yourself while staying grounded, even if the market has more upside potential. Regards, Vaido
COINBASE:BTCUSD
by VaidoVeek
3
BTC to100K: Riding the Bullish Breakout with Strong FundamentalsBTC is currently showing strong bullish momentum, with both technical and fundamental factors in alignment. The trade aims to capitalize on this momentum towards the 100K level, with a cautious eye on potential selling pressure. Pay attention to the consolidation range, as further upward movement could solidify BTC’s path to the target. Technical Overview: • Trend: We are in a strong bullish trend, trading well above the 200MA, indicating sustained upward momentum. • Breakout & Retest: Recently, BTC saw a breakout and a successful retest, reinforcing this trend. • Range Consolidation: Currently consolidating within a range, with a low at 85K and a high at 93K. I’ve taken a mid-range entry to capitalize on any upward movement within this channel. • Plan: If sellers aggressively push the price above the 85K level, I will consider reentry opportunities aligned with price action. Fundamental Drivers: 1. Global Adoption & Regulation: The Fed’s constructive stance on digital assets, combined with increasing demand and institutional adoption, is supporting BTC’s upward trajectory. 2. Economic Conditions: As inflation and interest rates remain focal points, Bitcoin is being viewed as an inflation hedge. Additionally, El Salvador’s adoption of BTC as legal tender is adding to the credibility and mainstream adoption of cryptocurrency. 3. Bitcoin ETF: The SEC’s positive outlook on a BTC-based ETF is expected to boost demand and further legitimize BTC within traditional financial markets. 4. Geopolitical Factors: War-driven demand, potential sanctions on Russian money, and global financial uncertainty are all fueling demand for BTC as a decentralized, safe-haven asset. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Long
by AR33_
2