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Bitcoinpriceprediction

Bitcoin - what is its cost production value, really?!I want to touch on the topic of bitcoin's cost production value. This is a rather important matter as it gives a better understanding of its price's cost bottom. Many miners talk about 15-20 thousand USD as its cost production value. They are right! When it comes to individual mining, then this is most likely to be the case. However, based on the above evaluation, many home miners and investors believe that the price of bitcoin cannot go any lower. This is not the case! The break-even point depends primarily on 2 factors: the efficiency of the equipment and the price of electricity or hosting. Globally, individual mining does not in any way affect the price action or its cost bottom. Why is that? This is because there is an industrial scale of mining by companies such as: Poolin & Bitmain from China, Crypto Scientific from US or BitBaza, BitRiver, CryptoUniverse from Russia, etc. where infrastructure investments range from 10 to 150 million USD. Bitcoin's cost for the mining giants is around 3,000-5,000 USD for the following reasons: 1. Equipment purchases are made in bulk directly from the manufacturers. Some companies, for example, like Bitmain produce their own ASICs. 2. The average efficiency of the equipment is around 40-45 J/TH. More advanced mining farms have even better equipment working at 60 J/TH. 3. Currently electricity's price for industrial use in the US is about 6-7 cents per kWh. Poolin,  for example, offered 4 cents on its electricity contract in Texas. The price for electricity in Kazakstan and Russia's Irkutsk is around 2 cents - the two locations where some Chinese miners have been moving over the last six months. There are also examples of mining farms that are directly connected to power plants like Greenidge Generation. Such companies generally work without intermediaries. Therefore, bitcoin's cost bottom price is not 15,000 USD at all, but is around  3,000-5,000 USD. Can the price go below the cost production price? Undoubtedly! Gold, oil and bonds - all of them had negative yields more than once over the past 60 years. A striking example is 20 April 2020, when the price of WTI crude oil fell below zero to -37 USD. Therefore, bitcoin's short-term drop to 1,500 USD is feasible and may well materialize. Keep in mind that price action is fundamentally dependent on macroeconomic factors and the expectations of large speculators. Media feeds are always made for the crowd! As the saying goes, what every taxi driver knows - is no longer the news.
INDEX:BTCUSD
by WallStreetFox
3
DOW JONES ANALYSIS FOR CRYPTO FORECASTINGGoodmorning y'all from Amsterdam.. a beautiful winter morning with freezing temperatures here.. Sitting with my morning coffee analyzing the charts. You can't make me more happy than this.. To forecast what can possibly happen with crypto it is important to look at what the FED and the American indices are doing.. The market seems to be calmed a little because of this OMICRON variant.. it seems this variant isn't that bad for our health as many predicted.. But the next big thing is the INFLATION.. Worldwide it is raising and raising.. The FED can take measures to bring this back.. 1 of this is to raise interest rates so that borrowing money becomes more expensive. They hope institutions and people will borrow less and stagnate their spending.. Once the other stops spending the other side is earning less... So this could help drop prices because their is less demand for stuff... when prices drop their is deflation.. Some how the better we can all agree that the total market has been overbought en is raising to the moon.. A lot of people have made money and this helps the inflation because they spend it.. It is the FED trying to bring the stock market down.. So we have to have an eye on this.. The DOW JONES is connected with crypto..
DJ:DJI
by MoneyMakingMuro
7
Bitcoin Analysis 02.12.2021Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
BITSTAMP:BTCUSD
by basictradingtv
3
Bitcoin year end price predictionIn June of this year the SHARK posted his year end Bitcoin price prediction...nothing has changed. The SHARK sill has a price target of $127,000. After tonights weekly candle close and successful backtest of 60k look for us to get to 70k-72k by this coming weekly close on OCT. 31st. The Bitcoin weekly charts haven't looked this bullish since last years run. In the short term there is an ABCD chart on weekly timeframes has us getting to the 80k level by the second week of November. To all other diamond hands out there let me compliment you on staying tough this summer when everyone was telling us we were wrong. Keep swimming with TheSHARK we are almost there.
COINBASE:BTCUSDLong
by Bronson-TheShark
2
This Autumn must be the last Bitcoin rally!Hey guys, This is quick idea about Bitcoin price predition for late 2021. It seems like in this fall it must be last rally for BTC in 2021. Looking at chart I notice bullish impulsive Elliott waves, and now after ETF approval, we are inside big (3)-wave, which is confmed by price action and media attention. Next phase should begin in early November, with big mania around Bitcoin and its growth. I consider to follow up the next targets on Bitcoin: m y main target is $80,000 with rebuy at $70,000 in following retracement. After that I consider to take profits near $ 102,000 as it could be potential top for bitcoin for next few years. In any case, I am taking risk wise decisions and trades, using affordable risk. Please, do not bet all of your money, which you cannot afford to lose. Best regards Artem Shevelev Stay tuned for further updates.
INDEX:BTCUSDLong
by ArShevelev
4
Bitcoin Time is Ticking- i am still bullish on BTC and i believe that we didnt yet get a second impulse, Cryptos are fast and the short time we have is very important in this Cycle. - We got many bad news recently, Coinbase SEC Fud, China FUD blocked almost everything, Tradingview, Coingeko, Coinmarketcap, exchanges, facebook, reddit, Youtube, this is when you understand that you are not controlling your own life and your own freedom. - But the reality is when u block something or ban, you give to this product more Value, you make it more rare and difficult to access ( same as drugs, marijuana, prostitution, alcohol, etc). So what they are trying to do is just to create panic to get more BTC at lower price or Short it. - "Trying to stop Bitcoin is like trying to stop the internet and all the "P2P Computers" on the planet. it's impossible." Here you can check who owns most of the Bitcoins in the World : www.kevinrooke.com ----------------------------------------------------------------------------------------------------------------------------- Trading Parts : ----------------------------------------------------------------------------------------------------------------------------- We have only 2 Scenarios right now ( most everything is in the graph ) : 1. Next impulse will come in those 3 coming months and rocket around 85,000$+ - 100k$+ (Green Triangle) ( we have to be fast to go on this Stratosphere or this scenario will be unvalidated ) 2. We finished this move already at 64,000$ and we are making an "ABC" to dip around 24,000$, we will start a new Elliot wave impulse later, Wich could lead to retest 40k. (Red Triangle) ( This scenario could postpone BTC next Bullrun to June 2022 ) - That Said, we are in a "PIVOT ZONE" a very important momentum right now, my own view is still believe in Scenario 1. - feel free to add your comments and ideas. ----------------------------------------------------------------------------------------------------------------------------- Remember anyone have "the cristal ball", Manage your invests, Keep some money for rebuy, believe in the future and fight for your freedom. Happy Tr4Ding !
BNC:BLXLong
by thecryer
21
BTC ROAD to 13K Before HALVINGAccording to this quick analysis of BTC nearing it's next halving which in Bitcoin's history has always been bullish , we are: 1) Seemingly in a new bullish channel 2) Heading for a short term ABC correction which should hold above 8200$ 3) Followed by a 12345 impulse wave within the channel topping our last ATH of June 2019 4) Followed by another ABC correction right before the halving and hovering & ending around 11k after halving Note: 11K is according to me an important price level to maintain after Halving in order for many Miners to continue they're operations... Enjoy the RIDE, this is the beginning, as the next years will be tumultuous, the whole banking system will change, and our FIAT system is being heavily put to the TEST!!!
BITSTAMP:BTCUSDLong
by samideluxe
The next leg is gonna be Huge let me tell y'allThe huge #Bitcoin bull run started almost 12 months ago this week...We are up +312% since then. The next leg is gonna be Huge...big bullish volume is coming in. Now we are moving sideways...We need to break through this $46k local resistance to really get going although don't be fooled there is still a lot of resistance to breaking through. Secure your daily profits and don't panic selling your holdings. Lastly don't forget to buy the Dip! -------------------------------------------- Best Regards, Reda Souhail™
COINBASE:BTCUSD
by TopGBanks
Bitcoin Bull TrapHello Everyone, Today I am showing my bitcoin Descending Wedge Bull Trap Scenario. We have seen this pattern at the 60k area and now we are seeing it yet again in the 40k area. Here are the Technicals: 1. Bearish Price Action - Volume is going up as Price is going down 2. Weekly/Monthly showing signs of cycle exhaustion. - The monthly Chart has maxed out on RSI and the weekly is showing similar patterns of market cycle reversal. 3. HS validation and Retest. - Both models show a head and shoulders pattern being validated with a retest. I am expecting a bounce at 38k but this does not change the overall sentiment. I believe we have entered the bear market cycle and will continue to be in it until sentiment changes. As Always, be patient, use risk management, and good luck trading.
COINBASE:BTCUSDShort
by RomanXIV
7
Bitcoin price prediction for coming years. My thoughts on the current situation. Bitcoin and the relationship between the bullmarket TOP and HALVING. In the two previous cycles, the TOP of the entire growth cycle was exactly 820-850 days before the next HALVING. Taking this into account, theoretically, we should reach TOP in December this year, and then go into a downward trend and consolidations for the coming years. It is worth noting that in the previous cycles, after reaching the peak(about 820-830 days before HALVING), the distribution in the Descending Triangle formation began. In my opinion, it is likely that due to the global crisis, the top of the current cycle was achieved much faster ( 64k in March) and currently we are already in distribution phase. Taking historical analysis of previous cycles into account, I estimate Bitcoin will find a bottom between $ 16,500 to $ 10,200 over the next 12-18 months.
BYBIT:BTCUSD.P
by dlglx
A PREDICTION ON BITCOIN PRICE MOVEMENTS IN SEPTEMBER AND OCTOBERThe cryptocurrency market, especially bitcoin, is well-known for its uncertainty and high volatility. In our analysis in late August 2021, we successfully predicted the price corrections of bitcoin for the $44-$42k channel. Corrections are necessary for any dynamic market as they provide investors with the opportunity to re-enter the game and take profit from swing trade and even long-term investments. In this analysis, we have adopted: - 4H Chart Date - IntorTheBlock.com in-chain data analytics for fundamentals Note: - As per reports, the available bitcoins on exchanges are the lowest amount since November 2020, which indicates that the whales are buying the dip, and most of HODLers tend to keep their bitcoins for higher prices. Bitcoin's recent price correction was majorly due to the manipulations by the major exchanges to liquidate the long and high leveraged positions, which resulted in more than $3.5 billion liquidations so far. - Bitcoin Dominance is going to be re-established in the market. However, we need to consider the fact that the cryptocurrency market has been expanded vastly, and the market is not restricted to some coins anymore. NFTs, DeFi, fast-growing protocols like ADA, SOL, and Polygone, in addition to ETH 2.0, are now competing to get their share from the market dominance. Therefore, expecting a dominance rate like 60% 0r 70% for Bitcoin is not very predictable, and Bitcoin will continue its story with dominance rates ranging between 45% to 55% in the future. In this analysis, we have considered the dynamic resistance (tactical level) around $48-50K, which plays a crucial role in breaking out of the critical resistance level of 52-54K. The emerging golden cross on the daily chart (EMA 50 upward cross with EMA 200) indicates the significant momentum for the new rally. Moreover, on the 4H chart, the current candles strive to break out the Ichimoku cloud, and it will construct a tension in the price by the remaining days of this week. As indicated in prediction candles (yellow color), we expect a sharp uptrend from tactical resistance for breaking the key resistance of 52-54K. We predicted a quick breakout; however, adequate volume is needed to confirm this action. Due to this sharp and quick breakout, there will be a high tension are on the days ahead, ranging between $55K and $59k zone as there will be high-pressure sales for taking profit by the swingers. Scalpers can enjoy this moment. This portion of the prediction will take 2-3 weeks. If the bulls can overcome the challenges in the High Tension Zone and the big brothers (big exchanges), don't manipulate the market to liquidate the high leveraged positions, we expect by the End of October, the bitcoin price can have a successful breakout from ATH (64-65k) strategic resistance. Thanks for sharing this scenario, following us, and liking this post. We wish you all profitable trade ahead. `
Long
by SynchroBitTeam
3
Bitcoin might breakdown in Short Term. Stay Cautious!As I have stated some major resistance levels for BTCUSD which are also supported by the volume in my previous analysis, Bitcoin seems to get rejections multiple times from the 50-51k level. For now, Bitcoin is forming a descending triangle which usually breaks down. $49600 is a strong support breaking and retesting of which can make BTC bearish atleast for short-term. Support levels in short-term are marked. In what direction you think will Bitcoin play? Comment down. For my detailed bitcoin analysis, check Muneeb. #SyedMuneebAli
BITSTAMP:BTCUSD
by syedmuneebali
1