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Bitcoinpriceprediction

Bitcoin | Cup and Handle | $138,471Time seems to zoom by, and when you glance at the Bitcoin chart with 2014 on one end of the timeline and the current cycle on the other, it's astonishing how each market cycle bears striking resemblances. Our focus today is on the Weekly timeframe , where we've unearthed intriguing insights by comparing market cycles. If you examine our chart closely, you'll notice a recurring pattern - the Cup and Handle . This pattern emerged after the market bottom in 2015, reappeared in 2019, and has now resurfaced in 2023. The resemblance is uncanny, as Bitcoin's price appears to be faithfully following this pattern. To further enhance our analysis, we've introduced a rising Fibonacci channel that highlights potential rising support lines. Additionally, we've incorporated a descending Fibonacci channel to approximate resistances and make predictions. By employing these two methods, we've calculated a potential target for the next cycle, and it's an eye-opener - $138,471. This projection is nearly double the previous all-time high reached in 2021. If you find this analysis intriguing and insightful, don't hesitate to show your support! Feel free to hit that 'boost' button and share your thoughts in the comments below.
BITSTAMP:BTCUSDLong
by Vestinda
7
Bitcoin to 21kThe weekly chart does not look good for Bitcoin. Now that we have only one more day in this weekly candle, I highly doubt that it will end up in the green. This basically means that the candle is going to close below resistance. If that is the case, then I am most certain that the most recent daily cycle top happened at day 12 of this current cycle. This means that Bitcoin is most likely going to experience a decline in september and at least for the first half of oktober. This could be a good entry for the folks who missed out on the 15k lows of December last year.
COINBASE:BTCUSDShort
by FetchTeam
BTC forecast | JPM analysts foresee a stabilizing crypto marketAfter the last price target was reached: Now per a Bloomberg report, analysts from JPMorgan Chase, including Nikolaos Panigirtzoglou, have recently published a research note indicating that the cryptocurrency market is poised to find stability in the coming time. The report attributes this prediction to a reduction in the open interest of CME Bitcoin futures contracts, a typical sign of a diminishing price momentum. The analysts are of the opinion that the recent downturn in the cryptocurrency market, marked by a nearly 12% decrease in Bitcoin's price over the last fortnight, is approaching its conclusion. In the past, when banks were pessimistic about crypto, it was a good time to buy. When they are optimistic, they aim to trap retail investors at higher prices. I don't foresee a stabilization in the price of Bitcoin until it reaches a stronger support, such as $23,900. Looking forward to read your opinion about it.
Short
by TopgOptions
#Bitcoin - thoughts out loud #4Good evening, we are from Ukraine! Dear colleagues, I am glad to welcome you! Local distribution is not yet complete. After a sharp price drop, the instrument generates a margin. There is no culmination of sales, so the possible momentum is even lower. If there is no final impulse, then an upward movement is inevitable. The mood is positive, waiting for the asset to gain. Thank you for your attention, and a special thanks for your likes and comments. Sometimes you win/sometimes you learn. #Bitcoin
by WVitalievich
8
Bitcoin BTCUSDT Price Analysis (8h)Greetings, traders and investors! Today, our spotlight is on Bitcoin, dissecting the 8-hour timeframe for insights. What's caught our attention is an intriguing phenomenon - a Hidden Bullish Divergence. Let's break it down: RSI took a dip, heading into oversold territory, marking a Lower Low. Now, contrast that with BTCUSDT's price, which dropped but managed a higher low. This interplay defines Hidden Bullish Divergence. Now, the plot thickens as we focus on a support at $25,200 . This juncture could launch a potential price recovery up to $27,700, where a dynamic resistance level awaits. It's a key zone to watch. Amidst our optimism, a word of caution. Keep a close eye on that $25,200 support. If the price breaches it and maintains the stance below, especially on the Daily candlestick, our once-reliable support could fade. Happy trading!
by Vestinda
#Bitcoin - thoughts out loud #07Good evening , we are from Ukraine! I expect further depreciation of the cryptocurrency market. But if we see the strength of the buyer at the price of 25k, we will break through local highs. But judging by the current situation, the chart shows weakness. That is, after exiting the trading range (breaking through local highs), we correlate the spread to the volume, which indicates a narrowing of the spread and a decrease in volume several times. For further upward movement, we need new forces. At this time, they are absent. Thank you all for your attention, I wish you success . Sometimes you win /sometimes you learn . #Bitcoin
B
by WVitalievich
BTC Bitcoin | SEC Delays Approval Of Ark’s Revised Bitcoin ETFThe approval process for the Ark 21Shares Bitcoin ETF listing on BZX has been delayed by the US Securities and Exchange Commission (SEC). The SEC has initiated a postponement of its decision and has also introduced a 21-day window for the public to provide comments. This delay is noteworthy as it represents the SEC's inaugural instance of extending the timeline for the newest set of applications for Bitcoin spot ETFs. This situation could potentially foreshadow a comparable near-future outcome for other competing applicants. Because of the arguments above and the lack of volume, I expect to see a retracement to $27500. Looking forward to read your opinion about it!
Short
by TopgOptions
2
#Bitcoin - thoughts out loud #18Good evening, we are from Ukraine! Dear colleagues, I am glad to welcome you! 30,000 was successfully reached, albeit with a slight delay. The graph shows the effort result and the volume. In the future, I expect a correction with a possible resumption of the upward movement from certain price levels. I'm targeting 29000-29100 because we need a successful test, in other words, the last point of resistance. Under other circumstances, a drop lower is possible. Thank you for your attention, and a special thanks for your likes and comments . Sometimes you win /sometimes you learn . #Bitcoin
Long
by WVitalievich
btc/usdt#Bitcoin Update: In the complex world of financial markets, patterns emerge in the form of "impulse" and "correction" waves. Currently, #Bitcoin is constructing its initial wave, indicating potential upward movement. Our analysis predicts a short-term decline followed by a strong buying opportunity. Our team foresees a strategic entry point for savvy traders. To enhance your trading potential and ensure secure transactions, We provide professional fund management and trade execution services. Want to amplify your trading success? Ask us how we manage both your funds and trades, minimizing risk and optimizing returns. Join us on this journey of profitable trading opportunities.
COINBASE:BTCUSDLong
by oraclpips
#Bitcoin - thoughts out loud #17Good evening, we are from Ukraine! Dear colleagues, I am glad to welcome you! After the weekend, a clearer situation has been formed for our own understanding, which indicates that locally the price of the first cryptocurrency should stay above 28680, in other words, a false breakout of the lows and an additional test of floating propriety to squeeze weak hands out of the market. The target is 28680-28700, the support range from which we can see the resumption of the upward movement. In the absence of professional buyer activity, the asset is expected to depreciate to certain price levels. Sometimes you win/sometimes you learn. #Bitcoin
Long
by WVitalievich
#Bitcoin - thoughts out loud #16Good evening , we are from Ukraine! I've been watching the chart since Friday and I can identify several key facts in favor of the long scenario: 1) there is no floating supply on the market at the moment. 2) there is no resistance above the local highs. 3) the news background is negative. 4) and most importantly, "someone unknown" is actively buying up almost the entire supply. But there is a downside, there is a lack of results and progress on the chart, the situation should improve in the near future, or the asset will depreciate, the third is not given. Taking these facts into account, I can only say one thing, everyone get ready, because on the 7th-8th of this month, something very incredible awaits us all. I wish you success and all the best! I wish everyone who reads this success and prosperity. Sometimes you win /sometimes you learn . #Bitcoin
Long
by WVitalievich
#Bitcoin - thoughts out loud #15Good evening, we are from Ukraine! At the moment, all the conditions of the setup are met. Anyone who follows the development of events will be sincerely grateful for a like. Just for the work done. I wish everyone who reads this success and prosperity. Anyone who follows the development of events will be sincerely grateful for a like. Just for the work done. I wish everyone who reads th is success and prosperity. Sometimes you win/sometimes you learn. #Bitcoin
Long
by WVitalievich
2