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Bitcoinpriceprediction

"Powell and Trump's Pump" & New Study Showing BTC Fractal TargetWe had a nice pump in the markets today, stemming from J Powell's comments from Jackson Hole signalling not only one rate cut coming in September, but likely multiple (not priced in). RFK also kinda sorta endorsed trump but still kept the Hail Mary option open for him to still get elected (Don't hold your breath, although I'd love to see that. RFK had a great speech at Bitcion 2024 and is a good man, but doesn't have the votes). Markets reacted positively and some are boldly saying 'The Bull Run is Back'. 🚀 We shall see. Students of Hurst's Market Cycles will also note that this week (tomorrow the 24th preciely) should be the weekly cycle low, so that could also be a contributing factor. In this video, I briefly review the NASDAQ:IBIT chart showing one open unfilled gap lower (this can take awhile and so this is still on the table) as well as the new BTC fractal study I mentioned. (But I forgot to share the DXY chart showing that we're testing the important 101 level, which is looking like it's going to cut right through it like a hot knife through buttah). Most interesting... Check out this fractal overlay I pulled from earlier in the year, showing the possible path of Bitcoin higher, and that almost exacly lines up with current / previous trendline S&R as well as my Fibonacci price target of $150, which you can review in some of my other posts here... Finally seems like we'll have the wind at our back soon. While this was a nice breeze, I'm going to remain cautious and wait for confirmations higher to go 'all in'. For me, that's seeing confirmed closing price action above $74k. See the video for some specific / excact entries. If you'd like me to cover anything in future videos, leave a comment below. Thanks again to the TradingView team for choosing my last video as 'Editors Pick' today! 🚀🚀 Keep up the good work guys!
CRYPTOCAP:TOTAL3Long
by BrettFogle
2
New IBIT Downside Gap To Fill Signaling Bitcoin RetracementWe have been following the BlackRock NASDAQ:IBIT 1 Hour and 4 hour chart since it was released earlier this year, and noticing that... Like the CME chart gaps, the IBIT chart gaps also similarly seem to fill. EVERY ONE SO FAR. So I'm now eyeing this lower gap to fill, and since the IBIT tends to be a leading signal to Bitcoin price, I'm expecting Bitcoin to drift lower to re-test recent lows before heading higher again.
NASDAQ:IBITShort
by BrettFogle
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARDBTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
CRYPTO:BTCUSDShort
by tradergyan01
Bitcoin 4hr Setup Bitcoin is currently experiencing a pullback, having dropped 2,000 pips over the past seven days. Several key factors are converging around the $60,000 level, making it a critical area of interest. These factors include the psychological round number of $60,000, previous market structure, the 0.5 Fibonacci retracement level, and the presence of both an upward and a downward trend line intersecting near this price. Additionally, there's a notable rejection point in this vicinity. Given these confluences, I anticipate a reaction around this level, potentially leading to further downward movement. Bitcoin Daily Chart Bitcoin is showing several confluences on the daily chart around the $60,000 level. After a 1,000-pip rally without any significant pullback, a retracement seems likely, as the price may need to dip before resuming its upward momentum. This time, I anticipate that Bitcoin might close below the 200-day moving average during the pullback. However, once it completes this downward move, I expect the price to eventually close above the 200-day moving average and begin a climb toward the top of the current channel.
BITSTAMP:BTCUSDShort
by ChartStrategist
Is Bitcoin ($BTC) heading toward a -50% correction Armageddon?Is Bitcoin ( CRYPTOCAP:BTC ) heading toward a -50% correction Armageddon? That is what the weekly chart seems to suggest. I hate to be the pessimistic guy, but you don't need to be a trading and charting expert to see the similarities between 2021 and 2024. What could trigger this massive correction is the incredible pump that the ETF has created. Imagine, for the first time in its history, Bitcoin has reached a new all-time high BEFORE the halving! That proves how much excitement and overheating the market experienced. Unfortunately, the stronger the pump is, the harder the correction will be. We can compare the 2021 chart on a weekly basis, and there are too many similarities for them to be coincidences. Because of the huge ETF pump, the MACD has gone ballistic, and now Bitcoin is way overbought. The main concern is that it is on the weekly chart, so resetting this indicator will take about 2-3 months, which gives a lot of time for the price to move down and up until we finally reach a reversal, likely after an estimated 50% dump. In this scenario, the bull run would have a double peak, like the one in 2021, with another bullish phase once the correction is finished, reaching the final goal of this bull run approximately at the end of 2024. The RSI and volume are also confirming this scenario. The EMAs are positioned at the same distance from the action price. This scenario is scary. We could see a -80% correction in altcoins. I hope to read your comments invalidating this idea, because if this happen, I am definitively going back to work at McDonald!
Short
by CryptoNikkoid
8
Bitcoin Nears Crucial Test as Hashrate StrengthensBitcoin (BTC) is on the cusp of a critical test as it approaches a trendline resistance that proved formidable in May. Concurrently, a surge in Bitcoin mining hashrate, a bullish indicator, is adding fuel to the rally. The benchmark cryptocurrency has been on a consistent upward trajectory, fueled by a combination of factors including increased institutional interest, macroeconomic concerns, and the halving event. As BTC closes in on the May trendline, traders and analysts are closely watching for how the market will react. A decisive breakout could ignite a new leg up in the price, while a rejection could lead to a period of consolidation or even a temporary pullback. The recent strengthening of the Bitcoin mining hashrate is a positive development that underpins the bullish outlook. The hashrate, which measures the computational power dedicated to mining new Bitcoin blocks, is often seen as a leading indicator of price trends. A higher hashrate implies increased miner confidence in the future price of Bitcoin, as miners are willing to invest more resources into the network. This surge in hashrate can also be attributed to the ongoing Bitcoin halving cycle, which reduces the block reward and incentivizes miners to optimize their operations. While the technical and fundamental backdrop for Bitcoin appears constructive, it's essential to approach the market with caution. Cryptocurrencies remain highly volatile assets, and price movements can be influenced by a variety of factors, including regulatory developments, macroeconomic conditions, and investor sentiment. Moreover, the Bitcoin market has a history of false breakouts, where prices briefly pierce resistance levels before retracing. Therefore, traders must employ risk management strategies and avoid overexposure. The potential breakout from the May trendline will be a key event to watch. If Bitcoin successfully overcomes this hurdle, it could open the door for a more substantial rally towards higher price targets. However, a rejection at this level could lead to a period of consolidation or even a temporary pullback. Ultimately, the cryptocurrency market remains highly dynamic, and investors should conduct their own research and due diligence before making investment decisions. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments involve significant risks, and investors should be prepared for the possibility of losses.
BITSTAMP:BTCUSDLong
by bryandowningqln
Major BTC Bulltrap? Another leg downwards! BTCUSD Index Analysis OF Very Probable reversal and new downtrend continuation Reasoning goes by the points I've made below DOUBLE-TOP that happened at May 20th and June 24th AT 71940 BITSTAMP:BTCUSD Further major and strong Order Block (4H OB) at 67700-68400 BITSTAMP:BTCUSD level This recent move, that has been happening since July 19th, has sweeped old Liqudity area that previously formed mid-trend and formed DOUBLE TOP that happened at June 14th & 17th Additionally, June 20th Liqudity Run, that formed a Lower Timeframe Breaker Block, which was recently used as support for last liqudity area, just got swept (at the time of writing 20:52 utc +3). All of above coinsides with 0.236 Fibonaci retracement of last major downtrend that started at June 24th and ended on July 5th. Exuberant market sentiment about recent market uptrend and additionally too many optimistic mainstream media news regarding $BTCUSD. For last few confirmation would like to see 66300 Level - Break and Close of LTF Breaker block area 62400 Level - Another imporant level, if we break and close below, then it will only confirm all of the above. 53500 Level - future level that I watch, when we get closer to it I will do another analysis.
INDEX:BTCUSDShort
by WhaleHunter_KJ
1
#BTC/USDT Road to $150k!#BTC : Block out the noise. We're far from finished! Each dip presents a new opportunity. You FOMO when the market's green, but turn sceptical when it's red. That strategy won't cut it. Bitcoin Monthly Analysis Update Chart Overview: - Channel Analysis: Bitcoin is in a long-term ascending channel, showing a bullish trend with strong support and resistance. - Historical Patterns: - 2016-2018: 60 bars (420 days), - 2020-2021: 34 bars (238 days), - Current Position: Trading at $66,993.6 nearing upper channel resistance with a target of $115k to $150k. Key Levels: - Support: - $51,682. - $43,285. (High Liquidity Untested Territory) - Resistance: - $66,993.6 - $73,000 Future Projections: - High Liquidity Untested Territory: Retest around $43,210.7 could be a strong buy. - Bullish Scenario: Breaking current resistance targets $115,000 - $150,000. - Bearish Scenario: Failure to break $70k resistance may lead to correction towards support levels in the high liquidity zone, GETTEX:48K to $60k. (Will update as the time goes and more candles are printed), less likely scenario but possible. Am I scared or selling? NO! I am holding BTC and Alts. Market Sentiment: Volume increase during last bull run suggests bullish sentiment, but traders should be ready for volatility. Conclusion: Bitcoin remains bullish within the ascending channel. Monitor key levels to capitalize on market movements. DYOR, NFA 🚀 #Crypto What do you think?
OANDA:BTCUSDLong
by Cryptorphic
2
BITCOIN 4h On the 4-hour chart, as you can see, Bitcoin's price faced some demand after ranging and minor fluctuations around the $53,700 level. Following the break above the $60,000 channel, it managed to grow by almost 20% to the $65,000 range. Currently, it is trading around $64,400. My expectation for Bitcoin is that it could grow to the 66,700–67,500-dollar range. If we see weakness in the candles and confirmation of resistance around the crucial 67,500-dollar level, we might witness consolidation and a correction. To better understand the ongoing trend, we should observe how the price reacts to these key levels. If it encounters demand and manages to break through the significant 67,500-dollar mark, the next target could be around 69,500 dollars. Remember, this is just my personal analysis, not financial advice. Do your own research and make informed decisions. Happy trading!✌😎 If you have any questions or need further clarification, feel free to ask. I’m here to help!✌ If you found my analysis helpful, please show your support by liking and commenting. Thank you!🙌
by SasanSeifi
BITCOIN ( TRADING ABOVE DEMAND ZONE ) ( 1D )BITCOIN HELLO TRADERS TENDENCY : generally the price stabilizing above turning level , indicates is under bullish pressure TURNING LEVEL : the price around 57,056 , as long as the price trading above this level reach a resistance level , breaking this level trying to touch a support level PRICE MOVEMENT : the price in previously can be stabilizing above turning level around 57,056 , and created a demand zone , currently price at 59,731 , my opinion the price retest a turning level 57,056 after rising my goal resistance level at 62,452 . PRICE ACTION : LONG CONDITION : have two cases to rising for reach a resistance level , first case the price toward directly reach a resistance level at 62,452 , second case price corrective a turning level at 57,056 before rising , if the price breaking supply zone reach a resistance level at 68,362 SHORT CONDITION : if the price breaking 57,056 by open 1D candle below this level reach a support level at 53,664 , then stabilizing below this level reach a 49,963 . TARGET LEVEL : RESISTANCE LEVEL :62,452 , 68,362 SUPPORT LEVEL : 53,664 , 49,963
BITSTAMP:BTCUSDLong
by ArinaKarayi
#BTC/USDT Hit our Target $63k What's Next? Since the last BTC update, the price has followed our expected path perfectly. Currently, BTC is trading right around the critical resistance level of $63k, a level I've highlighted since it reached $53k. This is the moment of decision. Following the news of an assassination attempt on Trump, the market experienced a relief rally. However, it's still uncertain whether we are out of the woods yet. The best strategy now is to start positioning into altcoins while holding BTC. Over the past 3-4 weeks, I've posted insights on 40 altcoins. Feel free to review those, as I'll be sharing 30 more promising altcoins starting today, so make sure to follow me. Returning to the chart, if BTC breaks above the $63k level, we could see it trading around $70k+ in the short term. The mid-dotted line, which previously acted as support, has now turned into resistance. A breakout above this level could be very bullish for the market since the same level aligns with Multiple EMAs. We are almost there; patience is key. The most reasonable move now is to wait for a breakout above $63k. A break and close above this level would signal a strong opportunity to go long on both altcoins and BTC. I will keep this chart updated and inform you of any significant changes, whether the breakout occurs or not. So, follow me and share these charts with others. Don't forget to hit the like button. Please share your views, questions, or altcoin requests if you have any. Thank you. PEACE
by Cryptorphic
11
BTC Long - Take Profit Targets (Short Term/Scalp)🚀 CRYPTOCAP:BTC Update: Soaring High! 🚀 My positions are crushing it! 🤑 Time to start locking in some gains. 😎 Scaling out in these zones: #BTC: $59.5K - $63.5K 🎯 Already de-risked 25% as we hit the lower end of my targets. Smart money secures profits along the way! 😉 Remember, this is NOT financial advice. Do your own research and trade responsibly! 🧠 Thank you If you’ve found this useful and are interested in learning more, please consider freely supporting my content: 🙏 🔗 Follow me: @endeavor_quest ❤️ Like and Repost
INDEX:BTCUSDLong
by EndeavorQuest
#BTC/USDT Broke the support, Next move explained!Welcome to this Idea on Bitcoin. As speculated in my previous update, the price was unable to break the 100 EMA, resulting in a rejection and subsequent decline. Now, $56,452 appears to be the next significant level to monitor. The 200 SMA on the daily chart is also crucial, with the price currently trading around this level. Let's observe if this support holds. It's important that funds currently in meme coins shift to stronger assets, as they are siphoning liquidity from the market. Patience is key here. I've posted over 30 altcoin charts in the last 8 days, and prices are gradually moving towards accumulation levels. If this cycle mirrors previous ones, the current market depression will soon end. We just need to stay vigilant and look for opportunities. **BONUS:** Use the 245 EMA to plot market bottoms on lower time frames (LTF) in the daily chart. It's very useful—try some backtesting. If you like my content, please hit the like button and share your views in the comments section. Thank you. #PEACE
by Cryptorphic
3
Bitcoin Halving: A Historical Look at Price and ScarcityThe Bitcoin halving cycle, a programmed event that roughly cuts the block reward for miners in half every four years, has become a focal point for investors and enthusiasts alike. Historically, these halvings have been followed by significant price increases for Bitcoin, leading many to believe they are a reliable indicator of future bull runs. However, the relationship between halvings and price is more nuanced than a simple cause-and-effect scenario. The core principle behind the price impact lies in scarcity. By reducing the rate at which new Bitcoins are created, halvings limit the overall supply. In a market driven by supply and demand, a decrease in supply can theoretically lead to an increase in price, as long as demand remains steady or increases. This anticipation of scarcity often fuels a price rise in the months leading up to the halving event. Investors see the limited supply as a bullish signal, prompting them to buy Bitcoin in hopes of future appreciation. However, the price doesn't always experience an immediate surge after the halving. The newly minted Bitcoins are a significant reward for miners, who contribute computing power to validate transactions on the Bitcoin network. The halving essentially cuts their income in half, which can lead to a temporary decline in mining activity, impacting the network's hashrate (total computing power). This initial drop in hashrate can cause a period of price consolidation, where the price trades sideways as the market adjusts to the new supply dynamics. The recovery from this consolidation phase is often described as "weak miners dying and hashrate recovering." Less efficient miners, who can no longer operate profitably with the reduced rewards, are forced to shut down their operations. This reduces the overall hashrate and makes the network more efficient as only the most powerful miners remain. As the hashrate recovers, typically within a few weeks or months, the price can experience a significant breakout, fueled by both the scarcity effect and renewed investor confidence. Looking at historical data, this pattern seems to hold true. Following the 2012 halving, the price of Bitcoin rose from around $11 to a peak of $1,100 in November 2013. Similarly, the 2016 halving was followed by a rise from $650 to nearly $20,000 by December 2017. The 2020 halving coincided with a bull run that saw Bitcoin reach an all-time high of over $69,000 in 2021. However, it's important to remember that these are just a few data points, and the cryptocurrency market is notoriously volatile. External factors such as economic conditions, regulatory changes, and broader market sentiment can also significantly impact Bitcoin's price. The most recent halving, which occurred in April 2024, presents an interesting case study. While the price did experience some pre-halving anticipation, it hasn't yet reached a new all-time high. Additionally, the hashrate recovery has been slower than in previous cycles, taking over 60 days compared to the 24 days observed in 2017. This could be due to a number of factors, including the ongoing global economic uncertainty and the increasing energy costs associated with Bitcoin mining. Only time will tell how the 2024 halving will ultimately impact the price of Bitcoin. However, by understanding the historical trends and the underlying economic principles at play, investors can make more informed decisions about their Bitcoin holdings. The halving cycle serves as a reminder that scarcity can be a powerful driver of price, but it's just one piece of the complex puzzle that shapes Bitcoin's value.
BITSTAMP:BTCUSDShort
by bryandowningqln
Bitcoin; historical analysisIn this post, Bitcoin's past behavior, including impulse and correction waves, is analyzed to forecast what could happen in the future. So, let's jump to the main point. The first Bitcoin move (including the upward and correction waves) lasted much shorter due to initial acceptance. If we do not take into account Bitcoin's first move, the next three major moves, impulse, and correction, have behaved almost very similarly to each other in terms of duration. Especially, the two previous waves; third and fourth. Both waves lasted for 205 weeks, in which, the upward wave lasted for 152 weeks and correction waves lasted for 53 weeks. So, if the same behavior is to be repeated in the future, the two horizontal lines (green and red) are possible endpoint targets for Bitcoin's fifth move. Also, some Fib time analysis were done to adjust these two lines. Another important point is how much each correction wave has lowered the price. The first one: 93.8%, the second and third ones: 83%, and the fourth one: 77.5%. It can be concluded that Bitcoin's correction waves are getting smaller, in terms of value. So, the next correction wave, the fifth one, could either be equal to 77.5% or less. Of course, this issue is far into the future. But it is worth considering. Moreover, it seems a classic 5-wave impulse wave is unfolding, and currently the final wave 5 is in play. In addition to this, it seems that the angle of each major upward wave of Bitcoin is decreasing at each stage. Based on these assumptions and Fib extension analysis, the yellow rectangle can be a suitable area for the end of the current bullish wave. Let's see what happens. P.S. See related links below for step-by-step Bitcoin analysis.
INDEX:BTCUSD
by SaeedSalehinia