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Bitcoinpriceprediction

Bitcoin by Christmas Prediction Hope you all had a great weekend. I have been getting an overwhelming amount of messages about where The Shark sees Bitcoin by year end. Nearly 20 plus messages just today asking. So here is the short answer. Call me a Moon boy thats just fine.. The Shark has thick skin, rougher than sandpaper...and The Shark has a very thick wallet too. Everyone in this space is so bearish and I'm glad to share my longterm target while most people will just laugh. I see approximately a 3.5X on Bitcoin from here until the end of December. I have various ways of calculating this that supports this level. The fast answer is $127,000 by end of 2021. I do believe this full bull cycle could top between Dec. 2021-May 2022. This answer has changed since the last huge selloff. Prior to last sell off I felt we could be close to cycle top by end of summer 2021. However we now have a chance to go much much higher having gone thru this last complete wipe out of leverage. This reset is healthy and gives us a chance to reset and have an accumulation season before going much higher. It will be amazing to see how many people come back to this space calling crazy targets in August and September when it is easy to do so. The Shark smells the opportunities long before even when it's unpopular. Thanks for all your nice comments and support. I will try to answer some other questions I have been getting during the week. Keep stacking, Keep Swimming. The Shark is here for you.
COINBASE:BTCUSDLong
by Bronson-TheShark
6
Bitcoin looking for downside?Hello Everyone, These past few weeks have seen a lot of red with little upside. A lot of influencers and "analysts" on twitter are calling for a breakout. I generally flock opposite of the crowd. In my opinion, Bitcoin is in a bear market. It is below the 21EMA weekly, 200 MA Daily, 200 EMA daily, etc. What I am trying to say is that bitcoin is below every single indicator that tells us we are bullish , which means we are bearish . How long will it last? I'm not sure. My guess is that the market needs a cool off and needs the retail investors to sell off their "shit coins". There was also way too much leverage being used and the market could not handle it. There is hardly any retail interest to purchase and I believe institutions are driving the price down for lower prices in the long term. Here are my indicators: 1. Below the 200MA Daily: this is the main indicator that decides bear/bull market. Being below makes bitcoin in a bear market. 2. Below the 21 EMA weekly: This has never been broken in a bull market. When it was, it indicated a bear market. 3. MACD on the buying side is fairly weak and we have not seen much momentum to push higher. 4. Hourly price action looks like a dead cat bounce every time the market "bounces" upward. 5. There is a lot of resistance on the upward side with little momentum to break it. 6. Symmetrical triangle in a bear market has a near 70% chance of breaking down. 7. There have been 2 bull traps on the potential "bounces" this indicates selling is coming. I believe there is a lot of denial in the market. People are expecting a huge rally when that is the least likely outcome in this scenario. There is so much resistance ahead of us and I believe a slow chop down is coming. I would imagine that bitcoin will land somewhere in the 20s before a major consolidation to move back upwards. Remember, on the way upwards bitcoin had small periods of consolidation to continue moving upwards. I believe the same is happening on the downside. A large movement downwards just happened and bitcoin is consolidating for another move down. With all of this said, this "bear" market could last a few weeks to a few months. At least short to mid term. I do not see a lot of reasons to start buying especially with how ugly the weekly/daily look. You may want to start looking into shorting if you're confident in your skills as a trader. As always, be patient, have risk management, and good luck trading.
COINBASE:BTCUSDShort
by RomanXIV
3
BTCUSD Caught Support at $33kLooking at the Bitcoin chart on the 12-hour time frame we can see that Bitcoin caught support @ 33k along several support lines and this upwards channel. Now it looks like BTC is going to consolidate around the $36,000 area until it closes over $39,696 - $41,337 and starts to head in a more bullish direction. The fear/greed index bottomed out at 8/100 and that's extreme fear. Buy when others are fearful and stacking for the long term it's like a fire sale right now. The new monthly candle is tomorrow I believe Bitcoin is going to trend sideways for a bit inside this channel until we breakout back to the 45-50k region.
BITSTAMP:BTCUSDLong
by kyer
7
BITCOIN, ON THE BRINK OF A BEAR MARKET.... OR IS IT?Bitcoin holds the 21EMA on the Weekly through its entire existence during a BULL Market. As soon as we break below and hold below the 21EMA on the weekly, we have always had a prolonged and major correction bear market. Today, Bitcoin has broken below the 21EMA on the Weekly. Now.. this does not necessarily mean a bear market this time because there is a confluence of indications that can make this a fake out. IF Bitcoin is able to move itself back above the 21EMA on the weekly chart, we will have pulled off the BIGGEST Resistance to Support flip ever in Bitcoin history and possibly in Trading History. Especially when it comes to the crucial point of this being for the continuation of the bull market or the start of a bear market. We have an ascending trend line from the start of our bullrun at the end of last year that we are coming in contact with right here. We are also at the point of old resistance from our high made a few months back. We are also in contact with a trend line that comes all the way from July 2013. Both these trend lines converge to create a confluence at the .55 fib ext. level. The resistance we have been held down by has been the .618 fib ext. No surprise there. We are also coming in confluence with the middle of the Logarithmic Regression curve to find support. We are also in the middle of a Wycoff Accumulation Phase Patterrn. Which could end with a move to the level we are at or possibly even down to the Elon Musk Buy Zone before looking at the true breakout. If we are able to pull off a move back above the 21EMA on the Weekly, This is the biggest bullish indication we have had flash in bitcoin history. BUY THE DIP. Risky Trade with tight stop loss can be put in between the $42k-$44k range. Otherwise buy the Dip on the way down to the Elon Musk Buy Zone. And hold a stop loss around the $27.5k range. If we are to close the below the 21EMA on the Weekly, then we are looking for the move down to the Elon Musk Buy Zone between $30k-$32k in the hope for a very strong bounce to complete a Wycoff Accumulation Phase Pattern intoa Wycoff Breakout. If we dead cat bounce, Or if we cannot move upward, I URGE EXTREME CAUTION AS WE WOULD CONFIRM A BEAR MARKET BY MOVING BACK UNDER $30k and HOLDING BELOW.
BITSTAMP:BTCUSD
by Gamblers_Paradise
1
The Bull Market is just getting startedHello Everyone, I have been seeing a lot of people saying that the bull market is over. I am still very bullish and for the last 3-4 weeks I have been calling for a drop to around the $45,000 area. This thing is just getting started. Let's go over a few things. 1. There have been 2 other bull markets all lasting about a full year from their previous all time highs. Why would this one only last 4 months? 2. Both bull markets have experienced several 30-40% corrections back to the 20 and 50MA on the weekly chart. A correction back to the low 40s makes sense. 3. I have posted a very similar Ascending Wedge around the same timeframe where bitcoin had a break down followed by a 2 week sell off followed by a massive climb. We have had the break down of the ascending wedge, now I am looking for 2-3 weeks of sell off then a large run upwards. 4. Bitcoin has not yet tested a weekly MA. In both previous bull markets we "danced" along and between the 20 and 50MA several times. I believe for this run to be healthy, bitcoin needs to see a correction back to the MAs. 5. Institutions, tech companies, etc mostly bought around the $40-50k area. Why would they sell for a loss or ride this wave to walk away with barely any profit % wise. I believe we are currently where the white circle is on the 2017 weekly chart. It is around the same timeframe with similar price action occuring. Please take a step back, relax, and look at the macro view. If you want to capitalize on this drop I suggest using a DCA strategy or averaging down. It is very difficult to catch the exact bottom. As always. be patient, use risk management, and good luck trading.
BITSTAMP:BTCUSDLong
by RomanXIV
17
Rising Wedge of Doom ?? BTC/USDT #Bitcoin #BTC $BTCHere we see our Bitcoin weekly chart from Binance . You see those black lines ? They are outlining what appears to be a Rising Wedge pattern . This pattern starts out a bit wider at it's base but then the trading range definitely narrows as it moves upwards . These Rising Wedge patterns generally break bearish at some point . The question is when ? How high do we go before we break bearish ? We already hit just about perfectly up to the 3.618 fib extension near 64500 . You see that red question mark ? That would be one of the next fib extension targets and it's 75000 area. My guess is we would retake the 65k area first - then move on to 68k - 70k - 72k - all of which are possible target areas . 75k might be our target after that but there's no way of knowing because Bitcoin can break bearish much sooner than that . It could also surprise us and blow right past those targets. But right now we appear to definitely be inside a large Rising Wedge pattern from at least the beginning of 2021 . Chances are it will break bearish at some point and go down .
by shimmeringpath
Bullish Triangle ? BTC/USDT #Bitcoin #BTC $BTCHere we see our Bitcoin 2 day chart from Binance . There does appear to be an ascending triangle forming here , inside those pink lines . This is generally a bullish indication in an uptrend . I would expect Bitcoin to break upwards from this structure - probably by the end of April .Though Bitcoin sometimes surprises us and does the opposite ! But we have seen consolidation happening on Bitcoin's chart near these 50k and 60k levels for weeks now . It should continue up ,in my opinion . I've said before I expect this to hit 72k at some point as that was a 3.618 fib from a previous chart which I will try and link below . That said we could also hit 65k and 68k first but I still expect 72k to happen at some point . End of year could obviously be much higher.
by shimmeringpath
2
Hoist The Jolly Roger BTC/USDT #Bitcoin $BTC #BTC Here we see our Bitcoin 2 hour chart . Can you see that red X on the chart ? Well, X marks the spot where we may see a Death Cross happening very soon . A Death Cross is when our light blue 50 MA crosses down and through our dark blue 200 MA . This should bring downward price movement. It's a very bearish event - though keep in mind this is the 2 hour chart . While it's hard to know how low this can go it wouldn't be impossible for Bitcoin to actually go sub 50k here . Please understand we are still long-term bullish for the rest of the year even if we see more pullback on Bitcoin. This will also be great for altcoins which could see a little altseason starting soon.
by shimmeringpath
Bitcoin optimistic vision 21 March 2021 — BTC UPHello! Since last week bitcoin price fluctuations are choppy as hell. Slidin up and down like crazy, shaking weak hands out of market. Personally I use level of 51K as first sign of bearish overtake. Untill this level is holding i continue to hold btc position. If btc will continue to grow, it will mean alts vs. btc will take another dip (buy opportunity) and give good profits after few weeks. Thanks for you attention, stay tuned to new updates Best regards Artem Shevelev
Long
by ArShevelev
13
BTC: Future of BTC could be very bright[Fib levels all theory]I came across this idea of using chaos theory and converting them into Fib levels. Looking at this idea, i decided to plot out "wild levels" where we use the 4.669, 8.77 as the "wild levels". I took this even further and added the 11.09 and 17.94 fib level to the chart. What i found the most interesting is that the 17.94 fib level, represented the following bull run cycle top(slightly front ran by a few hundred dollars). What you can see is that drawing out these fib levels from cycle lows to cycle top, on the first bull run, we saw the 17.94 fib level came out to be $20,826.61 while the 2017 cycle topped out exactly at $19,666. Using this idea that in the next bull cycle, we will hit the previous 17.94 fib level means we will reach roughly $350,226 in this existing cycle. The next bull run if we hit near the middle $300,000 range, means we should see a cycle top of around $5,926,308. THis means by roughly mid august, bitcoin is likely to reach it's cycle top, and we will be in free fall until around November 2022. From this point we will likely be trading in an upward trend before breaking the 2021 cycle top and moving towards the $5.9million price tag. The outlook of bitcoin looks incredibly good.
BITSTAMP:BTCUSDLong
by queserasera_btc
Possible BTC falling to $45k? The same pattern is formingBTC/USD may form the same candles on 1D timeframe as the last time when fell from $42.000 to $30.000? I think it is a possible scenario. A possible sideway movement is likely on higher timeframe meaning the price could get back to $45.000 and up again. This should fit the forcasts predicting a new all time high above 80 or even 100k this year. What do you think? It is a viable scenario or the price will bump the near future?
BITSTAMP:BTCUSDShort
by CryptoMexMCO