Bitcoinprice
Crucial levels for Bitcoin to watch
The BTC price yet again tested the resistance at $60,000 and is trying very hard to sustain above the gains. The bullish probability has emerged with the expectation of reclaiming the upper targets, which may pave the way for the token to rise towards new highs.
The price has been constantly failing to rise above the resistance since the start of the month. Moreover, it has displayed a couple of fakeouts in recent times which has raised concerns over the prevailing price action. Although the levels continue to hold above the triangle, a drop back within the pattern may validate another fakeout, which may drag the levels below the ascending support. This may signal another market crash as the exhaustion of the bulls may reach its peak, causing a more than 15% drop in Bitcoin (BTC) prices.
BTC - Yet to show clear signs of recovery. BTC trades around $61k, potentially finding support after breaking sloping resistance. However, resistance can be expected around 4HR 200MA or $63k-$64k. Closing above that could really signal strength… Currently still in bearish territory, BTC has yet to show that decisive break or bullish signal. $58k can still be expected if support is lost.
Bitcoin BTC price can repeat the growth fractal from 2020-21?The fall of stock markets and the crypto market on 📉"Red Monday" 05.08 was called the most painful since the beginning of the Covid-19 period in March 2020.
Who we are to argue with "analysts and giants of financial thought"?)
We have copied the fractal of OKX:BTCUSDT price behavior since March 2020 and applied it to the current situation.
😱 And it's a "magic", at now everything is very well relevant
Then we "seasoned" the chart with the marks when the Fed rate could be cut, namely: 18.09, 08.11, and 18.12. and added a "little" fibo levels that can work well in the future, because they worked well in the past.
And here's what we're getting:
1️⃣ for the next week, the price of #BTCUSD shouldn't fall below $52,000
2️⃣ growth acceleration after the first Fed rate cut.
3️⃣ 2025 should be greeted with the price of CRYPTOCAP:BTC around $77000
4️⃣ and by the end of 2025, it would be nice to see $154000 for CRYPTOCAP:BTC
Write comments under the idea and put 🚀 to subscribe, and watching how it will work out.
And the more reactions will be under this idea, the more interesting idea updates we will make ;)
BTCUSDT Facing Repeated Rejections at 200 EMABTCUSDT Technical analysis update
BTC price has been rejected multiple times from the 200 EMA on the 4-hour chart. This time, we can expect a breakout and a bullish move.
Bitcoin price has formed a triangle pattern on the 4-hour chart and is now moving toward a breakout
Regards
Hexa
Bitcoin’s Bullish Reversal: This Chart Pattern Can Send BTC HighHere's where I see Bitcoin going next.
As the US elections and the FED rate cuts come closer, the macro conditions are getting ready for a Bitcoin breakout.
Here's the explanation for the TA:
Descending Channel: Bitcoin has been trading within a downward channel. However, there's potential for a bullish breakout if the price moves above the channel's upper resistance, which is around $65k.
Key Support at GETTEX:52K -$53K: This level has provided strong support, preventing further declines.
Rounded Bottom: The price action is forming a rounded bottom pattern, a bullish reversal signal, suggesting that the downtrend might be coming to an end.
RSI Indicator: The RSI around 49.85 indicates a neutral momentum, but the upward movement suggests a possible shift towards a bullish trend.
If Bitcoin breaks out of the descending channel and holds above $53K, it will trigger a significant upward move, and perhaps the start of a new bull run.
Amendment by the beginning of 2028 to the range of $30,000Amendment by the beginning of 2028 to the range of $30,000
BTCUSDT.4HReviewing the BTC/USDT chart on a 4-hour timeframe, it is evident that Bitcoin has encountered significant volatility with a recent downtrend in play. This analysis will focus on the current technical configurations and their potential implications.
Key Observations:
Price Movement: Bitcoin has been experiencing a series of lower highs and lower lows, a bearish signal within the observed timeframe. The current price is near a crucial resistance level (R1) at approximately $54,464.85.
Resistance and Support Levels:
Resistance Levels (R1 and R2): R1 is currently being tested. A break above this could lead to a test of R2 at $61,903.29.
Support Levels (S1 and S2): S1 at $48,999.29 and S2 at around $44,000 offer critical cushions where buyers might step in if the price retraces further.
MACD Indicator: The MACD line is below the signal line but is showing signs of convergence, suggesting a potential weakening in bearish momentum. However, it remains below zero, indicating that the bearish trend is not entirely reversed.
RSI Indicator: The Relative Strength Index is hovering around 50, indicating a neutral position. This suggests that the market is neither oversold nor overbought, providing no strong momentum cues in either direction.
Technical Analysis and Conclusion:
The market is at a crossroads with Bitcoin testing the resistance at R1. A successful break above this level could indicate a short-term bullish reversal, potentially driving the price towards R2. However, the overall market structure still leans bearish given the recent trends.
Traders should watch for either a confirmed breakout above R1, which could be seen as a buying opportunity towards R2, or a rejection at this level, which may lead to a pullback towards S1 or even S2.
Trading Strategy:
Bullish Scenario: If BTC breaks above R1 with significant volume, consider entering a long position with a target at R2. Set a stop-loss just below R1 to minimize potential losses from a false breakout.
Bearish Scenario: Should BTC fail to sustain a break above R1 and shows signs of weakness, a short position could be considered, targeting S1. Placing a stop-loss just above R1 could be prudent to limit downside risk.
In either case, it is essential to monitor market news and global economic indicators closely, as external factors can heavily influence Bitcoin's price movements. Adjust trading strategies dynamically to accommodate changes in market conditions.
BITCOIN probably will go bullish next?Bitcoin was supported by the lower band of the bearish channel, and moving to the upper band.
The price now is retesting the support area from high volume candle, just like what happened on previous low.
It might go bullish next if it could be supported.
Using the iShares TIP Bond ETF to predict the S&P price reversalThe iShares TIP Bond ETF serves as an inflation-protected investment by adjusting its principal based on the Consumer Price Index (CPI). This makes it a valuable tool for macroeconomic analysis, as it provides insight into how inflation expectations are being priced into the market which gives early reversal signs when observing the MS on the weekly chart.
As illustrated in the accompanying chart, when the ETF’s value (i.e., the inflation-adjusted principal) rises, the S&P 500 and Bitcoin often exhibit upward momentum, while the ETF’s yield typically declines. This inverse relationship occurs because the ETF becomes more appealing when riskier assets are expected to under perform, especially during periods of rising inflation. Investors should consider the ETF’s price adjustments in response to CPI data. For example, if CPI begins to decline and interest rates peak, the ETF may become less attractive, prompting investors to shift toward high-cap, risk-on assets in equities and potentially Bitcoin.
It is also important to note that the price of this ETF can rise due to increased demand, regardless of inflation expectations. Therefore, a comprehensive, contextual understanding of market cycles is essential when evaluating its position in a broader investment strategy.
Let's see what happens up around 61.5Need to break 61.5 and then around 68 to lift off to ATHs. If we break down out of this we will be looking for support at the bottom of the larger channel.
Please post your comments, curious to get feedback.
Bitcoin Update on the Top 10 Factors Leading to $150k - $250kIn this video, I'm updating a few of the factors we've been following for the past year, that could lead to a $150k - $250k or higher Bitcoin this bull-run.
With some breaking news today, we're starting to see more of the dominoes fall in our favor.
Namesly:
1. The Norweigan government just announced a "Norway Sovereign Wealth Fund’s Bitcoin Spree" of buying, which is very Bullish and should lead to increased country interest both as an investment and also inevetiably in making Bitcoin it's financial reserve asset. AKA - This is a Country FOMO Starter Kit.
"Norway now indirectly owns 2,446 BTC through its investments in crypto stocks. That’s bullish news for Bitcoin. It paints an enticing picture of global sovereign support for the BTC price."
2. The BRICS nations now total 159 countries. What that means is a growing trend away from the Dollar (The DXY is crashing as of writing this and as I cover in the video). Less demand, equals more supply, and that can lead to hyperinflation (Unless the US moves toward a Bitcion Standard and as Trump recently stated, buys a large block of Bitcoin to add as a reserve asset).
3. Morgan Stanley recentl announced it's giving the 'Green Light' for it's army of financial advisors to start recommending Bitcoin to it's high-net worth clients. While they are starting out cautiously, this is clearly a trend that will continue and lead to other institutional FOMO.
For these reasons and more, I've updated my 'Path to $150k -$250k Bitcoin Study' per the video.
Would love to hear your toughts, and if I've missed anything at the macro level.
I'm actively following a few newer theories related to massive liquidity about to hit the markets which should drive risk assets like Bitcoin higher as well.
Cheers
WILL HISTORY REPEAT ITSELF AGAIN? This is my map and guide when to buy bitcoin. The answer is NOW!
The same pattern happened everytime before we saw a major pump.
1. PUMP from the lows of bull run all the way up to support and resistance on 1 MONTH time fram.
2. REJECTION OF SUPPORT AND RESISTANCE before halving. This rejection lead to smaller correction with drop of fear and greed index down below 20 = PERFECT OPPORTUNITY
3. BREAK ABOVE SUPPORT AND RESISTANCE
4. RETEST = CONFIRMATION currently I'm waiting for price break below 53.000$ to start buying more and more. There is also a possibility that we will see price falling lower to 36.000$ - 46.000$ area.
I'm already buying crypto assets with lower amounts of capital but once we see the scenario mentioned above, this will be my signal to get in action.
Imagine the fear if we fall and close below local low of 53.136$ . This could lead to extreme fear on the crypto market which could indicate the perfect buying opportunity.
Take your time, look at the chart and you will see the same pattern happening over and over again.
This is only my point of view and not financial advice. DYOR!
SYN/USDT Breaks Downtrend: Bulls Eye $0.95 Next Target !The daily chart for SYN/USDT shows a significant breakout from a descending trendline that has been in place for several months. The pair recently surged, breaking through key resistance levels and signaling a potential shift in market sentiment from bearish to bullish.
Currently, the price is hovering around $0.6729, just above the critical support level of $0.6000. The recent breakout above the descending trendline is a strong bullish signal, suggesting that the downtrend has ended, and a new upward trend may be starting.
The next major resistance lies at $0.9500. If the bullish momentum continues and the price closes above $0.6000, we could see a strong push towards $0.9500, a key psychological level.
Traders should watch for any retests of the $0.6000 support zone, as a successful hold above this level could confirm the breakout and further solidify the bullish outlook. However, failure to maintain this level could see a retracement back towards $0.4043.
Possible short tern reversal at playCurrent Setup:
- Bullish Flag and Descending Broadening Triangle:
Bitcoin is in a consolidation phase, with a bullish flag potentially forming within a larger descending broadening triangle.
Bullish Scenario:
- If Bitcoin breaks out above the current consolidation (around $60,000), the bullish targets could be $64,945 (8.17% move) and potentially up to $69,884 (Fibonacci extension).
Bearish Scenario:
- Failure to break out could see Bitcoin retesting lower support levels at $57,000 or even $55,000.
Bitcoin's next move will likely be determined by how it behaves around the $60,000 resistance. A breakout could push it towards $65,000-$70,000, while a rejection could lead to a pullback.
Possible short tern reversal at playCurrent Setup:
- Bullish Flag and Descending Broadening Triangle:
Bitcoin is in a consolidation phase, with a bullish flag potentially forming within a larger descending broadening triangle.
Bullish Scenario:
- If Bitcoin breaks out above the current consolidation (around $60,000), the bullish targets could be $64,945 (8.17% move) and potentially up to $69,884 (Fibonacci extension).
Bearish Scenario:
- Failure to break out could see Bitcoin retesting lower support levels at $57,000 or even $55,000.
Bitcoin's next move will likely be determined by how it behaves around the $60,000 resistance. A breakout could push it towards $65,000-$70,000, while a rejection could lead to a pullback.
Bitcoin Versus Gold - who wins ?#Bitcoin is the Hands down winner. - there is simply no question about it.
And any trader will recognise this pattern on the weekly BITCOIN / GOLD chart
It is a bullish Cup and Handle
The % Gains Bitcoin has had over the last 18 months put Gold rise to its new ATH into shame.
And that is clearly seen by the chart above.
HOWEVER, Bitcoin by its very nature, pulls back and one way of preserving your gains is to sell out to GOLD and NOT A $ Stable coin. The $ is loosing value. Leave it alone.
You can use PAXG, a "Crypto Gold ", pegged to the price of gold like a $ stable coin.
PAXGUSDT and PAXGBTC are on Binance for instance.
You can also seel Directly to Gold on BotFinex sbhould you wish
Enjoy
$BTC Bitcoin's Broadening Wedge...CRYPTOCAP:BTC price action is printing a broadening Wedge!
After Bitcoin hit a low of around the 48.9k region after it massively rejected the 60.5k area!
Current price: 59,350
if price action is able to reclaim and close above the prime area of 60.5k then expect #btc to journey back to 72k. Also Expect #altcoin Explosion when this happens.
Up Resistances from current Price: 60.5k, 62.4k, 64.3k, 67k, 69.8k, 71.5k
Else bitcoin will continue to reject 60.5k and retest supports: 57.5k, 54.5k, 52.2k
However this is a more optimistic call than pessimistic as market emotion is in extreme fear!
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Aug 16, 2024Technical Analysis and Outlook:
During this week's trading, Bitcoin underwent a retest of our Mean Resistance level of 61700 and, subsequently, the Mean Support level of 57400, marking the completion of the Interim Coin Rally at 62600. The presence of intermediary selling pressure may lead to a decline in the coin's price action toward the Mean Support level of 56600, 54000 and potentially result in a retesting of the completed Interim Coin Dip at 50000. On the positive side, the overall trend remains optimistic, with a focus on retesting the completed Interim Coin Rally at 62600 and potential extensions to the Mean Resistance levels of 65500 and 68500, respectively.
BTC TRADEAfter manipulation and shift market structure and retest fvg and ifvg we will see an expansion to taken liquidity buyside of equal high at 61885
- Tading is probability control your risk management.
Good luck !
Bitcoin's Wobbly Recovery: Death Cross Looms LargeBitcoin (BTC) has experienced a rollercoaster ride in recent days, with a 4% price rebound following a sharp decline that sent shivers down the spines of investors. The digital currency's volatility has been exacerbated by the ominous specter of a "triple death cross," a technical indicator that often precedes significant price drops.
The triple death cross occurs when three key moving averages converge, signaling a bearish trend. While not a definitive predictor of market movements, it has historically been associated with downturns. This technical pattern, coupled with negative funding rates and a general risk-off sentiment among traders, has fueled concerns about a potential plunge below the critical $50,000 level.
Funding rates, a measure of market sentiment, have dipped into negative territory, indicating that traders are increasingly bearish on Bitcoin's short-term prospects. This pessimism is likely influenced by a combination of factors, including macroeconomic uncertainties, regulatory concerns, and the overall crypto market's volatility.
Despite the recent price recovery, Bitcoin's inability to capitalize on positive news, such as strong economic data, has raised eyebrows among analysts. Some experts believe that the cryptocurrency's underperformance compared to other assets like gold highlights a broader loss of investor confidence.
However, not all analysts are convinced that a catastrophic price drop is imminent. Some point to Bitcoin's historical resilience and argue that the current weakness could be a buying opportunity for long-term investors. They emphasize the importance of maintaining a long-term perspective and avoiding panic-selling.
As the crypto market remains highly volatile, traders and investors alike are closely monitoring Bitcoin's price movements. The formation of the triple death cross and the accompanying negative sentiment have undoubtedly created a challenging environment, but the ultimate direction of Bitcoin's price remains uncertain.
Only time will tell whether the digital currency can weather the storm and resume its upward trajectory or if it will succumb to the bearish pressures and plunge below the crucial $50,000 support level.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. It is essential to conduct thorough research or consult with a financial advisor before making investment decisions.
Bitcoin's path to $100K (summer 2025)Bitcoin has a path to 100K that has been building up for the past year. As long as we don't correct here back below 45K we should continue rising with the intention to reach 85K - once we break through that we have clear line of sight to clear 110K-125K on the next big rally.
Don't get caught in the moment of temporal losses -
Bitcoin will always out perform the dollar - now and forever!
Buy The Dip!!
Peace & Love
BK
Inflation Pulls Back Again, Building Case for September Rate CutTakeaways
Inflation cools again: Consumer prices in the US increased just 2.9% in July compared to the previous year, the slowest mark in three years, according to the US Department of Labor.
Kamala Harris has overtaken Donald Trump in odds to win the US presidential election on Polymarket: Harris's campaign has reached out to the crypto industry, but it's unclear where she stands on regulating digital assets.
Three Arrows Capital’s liquidators have filed a $1.3 billion lawsuit against Terraform Labs: The suit, stemming from losses during the 2022 Terra network collapse, alleges market manipulation by Terraform.
Tether hit back at a $2.4 billion lawsuit from Celsius Network, deeming it unfounded and asserting its compliance with prior agreements: The dispute revolves around the liquidation of bitcoin assets to offset Celsius's debt.
US spot ETH ETFs experienced $4.9 million in net inflows on Monday, ending a three-day streak of outflows: Grayscale’s ETHE logged zero flows, while VanEck’s ETHV was the only ETF to report negative flows.
Grayscale has launched a new fund investing in MakerDAO’s governance token (MKR): The token saw a price increase following the announcement, with the fund structured as a closed-end product available to accredited investors.
Inflation Pulls Back Again, Building Case for September Rate Cut
The Consumer Price Index increased just 2.9% year-over-year in the US in July, giving the Federal Reserve ample reason to cut the benchmark federal funds rate at their next meeting in September. The Fed uses CPI, which excludes volatile food and fuel prices, as a key gauge to measure inflationary pressures on the economy. They have held rates at 5.3% since July 2023, the highest mark in roughly two decades.
Cryptocurrency prices had a muted reaction to the positive report Wednesday, with bitcoin and ether staying relatively flat. Both are widely viewed as “risk assets” that perform better when interest rates are lower. But bitcoin has faced continued selling pressure from defunct exchange Mt. Gox distributing billions in repayments to creditors. On Wednesday, a wallet associated with the US government sent almost $600 million bitcoin previously seized from Silk Road to a Coinbase Prime wallet.
Despite the recent volatility, bitcoin and ethereum have had a positive 2024 so far, rising 28.8% and 8.1% year-to-date, respectively.
🖼️ Topic of the Week: NFTs and the Art Industry: A Cryptoart Revolution
➡️ Read more here
