BTC | SHORT TERM | ATH OutlookBitcoin is in the process of making new ATH's and this process is called "price discovery mode".
This basically means that we have no indication of possible resistance or support zones. However, there is one method I like to use for price discovery mode - Fibonacci.
This could hold some key information as to where the price of BTC may possible see some rejection, and where it could bounce from.
If you're keen to see the journey, I made an update on my ENTIRE BTC prediction-roadmap. Find it here:
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BINANCE:BTCUSDT
Bitcointrading
Is Bitcoin's Bullish Breakout a Catalyst for a 90% Rally?
Bitcoin, the world's largest cryptocurrency, has been making significant strides in recent months, with several key metrics signaling a potential for a substantial price surge. Analysts and traders are closely watching these developments, which could propel BTC to new all-time highs.
Key Metrics Pointing to a Bullish Future
A confluence of technical indicators and market sentiment suggests that Bitcoin is poised for a significant upward move. Here are some of the key factors driving the optimism:
1. Classic BTC Price Chart Metrics:
o Golden Cross: A bullish crossover of the 50-day and 200-day moving averages, often seen as a strong buy signal.
o Relative Strength Index (RSI): A momentum oscillator that indicates whether an asset is overbought or oversold. A reading above 70 suggests overbought conditions, while a reading below 30 indicates oversold conditions.1
o Moving Average Convergence Divergence (MACD): A trend-following momentum indicator that shows the relationship between two moving averages.2 A bullish crossover of the MACD line above the signal line is often interpreted as a buy signal.
2. Bitcoin ETF Options Launch: The launch of Bitcoin ETF options has generated significant interest and liquidity in the market. This development could attract institutional investors, who may view Bitcoin as a viable asset class for diversification and portfolio growth.
3. Strong Market Sentiment: Traders and analysts are increasingly bullish on Bitcoin's long-term prospects. Many believe that the cryptocurrency has the potential to reach $100,000 or even higher in the coming years.
Potential for a 90% Rally
Given the strong fundamental and technical factors, some analysts are predicting a 90% rally in Bitcoin's price. Such a move would take the cryptocurrency to unprecedented heights, surpassing its previous all-time high. However, it's important to note that the cryptocurrency market is highly volatile, and price predictions should be taken with a grain of salt.
The Road Ahead
While the future of Bitcoin is uncertain, the recent bullish signals suggest that the cryptocurrency could be on the cusp of a major bull run. However, it's essential to approach investing in cryptocurrencies with caution and to conduct thorough research before making any investment decisions.3
Disclaimer: This article is for informational purposes only and4 should not be construed as financial advice. It's crucial to consult with a qualified financial advisor before making any investment decisions.
Additional Considerations
As the cryptocurrency market continues to evolve, it's important to consider the following factors:
• Regulatory Landscape: Government regulations can significantly impact the price and adoption of cryptocurrencies.
• Market Manipulation: The cryptocurrency market is susceptible to manipulation by large investors and whales.
• Technological Advancements: Technological advancements, such as layer-2 solutions and improved scalability, can positively impact Bitcoin's performance.
• Economic Factors: Global economic conditions, such as inflation and interest rates, can influence the demand for Bitcoin.
By staying informed and understanding the risks involved, investors can navigate the volatile cryptocurrency market and potentially reap significant rewards.
BTCUSD: Timing the top is better than setting an actual target.Bitcoin is overbought on its 1W technical outlook (RSI = 73.472, MACD = 6115.900, ADX = 33.802) as it made new All Time Highs last week on an amazing post election bullish breakout. The 1W MACD is on a Bullish Cross, the very same buy signal it flashed before every ATH breakout. During the previous Cycle, Bitcoin peaked 45 weeks after the breakout and the one before 35 weeks after. Since the Cycle is calculated to peak towards the end of 2025, it is only reasonable to assume that this is an arithmetic progression and we will see the top probably on 10 weeks more than the previous Cycle, i.e. in 55 weeks. That places it around November 2025. If you don't have a specific target in mind, it is much more reasonable to time your sells at whatever price BTC will be at from September 2025 onwards, so that you can exit as high as possible with the maximum profit.
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Are Spot Bitcoin ETFs New Top Investment Choice for Investors?
A Six-Week Streak of Strong Investor Demand
Spot Bitcoin exchange-traded funds (ETFs) have continued their impressive performance, attracting substantial inflows over the past six weeks. The latest week saw an influx of $1.7 billion, further solidifying the growing institutional interest in Bitcoin. This consistent inflow has propelled the total net assets of spot Bitcoin ETFs to a staggering $95.4 billion, representing 5.27% of Bitcoin's current $1.8 trillion market capitalization.
Decoupling from Traditional Markets
A notable trend has emerged in recent times: Bitcoin's correlation with traditional assets like U.S. equities and Ether has weakened. This decoupling suggests that Bitcoin is increasingly viewed as an independent asset class, driven by its own unique fundamentals and market dynamics. As a result, Bitcoin's price action has become less reliant on broader market trends, allowing it to exhibit its own volatility and momentum.
Crypto Market Reaches New All-Time High
The cryptocurrency market as a whole has reached a new all-time high of $3.025 trillion, fueled by the continued adoption of Bitcoin and other digital assets. While Bitcoin has consolidated around the $92,000 level, the broader market has seen significant gains, with many altcoins experiencing substantial price increases.
Factors Driving Bitcoin ETF Inflows
Several factors are contributing to the strong demand for Bitcoin ETFs:
1. Institutional Adoption: A growing number of institutional investors, including hedge funds, pension funds, and corporations, are allocating a portion of their portfolios to Bitcoin. ETFs provide a convenient and regulated way for these institutions to gain exposure to Bitcoin.
2. Regulatory Clarity: Increasing regulatory clarity in major jurisdictions has boosted investor confidence. As governments and regulators around the world develop frameworks for cryptocurrencies, it has paved the way for institutional adoption.
3. Safe Haven Asset: Bitcoin is often viewed as a safe-haven asset, particularly during times of economic uncertainty or geopolitical tensions. Its limited supply and decentralized nature make it an attractive investment option for many investors.
4. Technological Advancements: Ongoing advancements in blockchain technology, such as scalability solutions and smart contract capabilities, are enhancing Bitcoin's utility and potential applications.
The Future of Bitcoin ETFs
The continued success of Bitcoin ETFs is likely to have a significant impact on the broader cryptocurrency market. As more ETFs launch and attract investment, it could further legitimize Bitcoin and other cryptocurrencies. Additionally, it could lead to increased price volatility and potentially higher valuations.
However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors should conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
What do you think is being shown on BTC Bitcoin BTCUSDT chart ?What do you think is being shown on the OKX:BTCUSDT chart?
(pls vote at comments)
💔 Head and Shoulders - after breaking through and consolidating below 88.K, the price of CRYPTOCAP:BTC will continue to move towards $81.500
🐳 Consolidation in the form of a triangle with an exit upwards and the continuation of the movement of the #Bitcoin price towards $100,000
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Is this Bitcoins Local TOP?I know you missed CRYPTOCAP:BTC and want to FOMO again.
You might have a great chance soon to make great gains with #Altcoins. If you will be patient and follow the plan.
Here is what I think will happen soon: 👇
The "OTHERS" indicator (top 100 alts, excluding the big 10) hit a weekly high in October—red line above 80. Since then, it’s been slowly trending down.
But the story isn’t over yet... 🚀
Numbers don’t lie. Just look at what played out during the same cycle phase last year: 👇
We’re in a nearly identical cycle now. You choose now.
#Altseason #AltcoinGems #Bitcoin #BTCUSDT #TradingView
Next target for Bitcoin BTC price is $110k but there is a nuanceCRYPTOCAP:BTC price has reached $90000 - this is something incredible, considering that just 8 years ago we were trading #BTCUSD for $900) X100 is easy money if you save it)
And the coolest thing is that this is just the beginning)
However, no one on our planet has yet canceled the effect of gravity so everything that takes off will be attracted to the ground
OKX:BTCUSDT price needs a correction, at least to $77-78k. And even more so, this correction is needed for altcoins, so that the “fresh” capital that entered the cryptocurrency market through #Bitcoin CRYPTOCAP:ETH CRYPTOCAP:SOL CRYPTOCAP:DOGE CRYPTOCAP:TON can flow into low-cap #Altcoins
It may hurt a little at first, but it will be pleasant later
Use the correction period to monitor altcoins very closely to determine which ones are being redeemed, where there is strength and support, and the greatest chance of further growth
Or follow us, we regularly give tips;)
BTCUSD: When its Overbought, this is when you should buy more.Bitcoin has again turned overbought on its 1D technical outlook (RSI = 77.715, MACD = 6007.800, ADX = 49.688) as the price crossed over the top (LH) of the Triangle pattern that had us consolidating for the past 3 days. The 1D RSI is already over the R1 level and that should cause the bullish breakout of the price to accelerate. This breakout happened after the 1H MA100 was tested 3 times and held. As long as it keeps holding, we expect Bitcoin to target the 2.0 Fibonacci extension (TP = 97,000) of the previous LH.
See how our prior idea has worked out:
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BTCUSD: Amazing Rainbow Cycles tell you where to Buy & Sell.Bitcoin is vastly overbought on its 1D technical outlook (RSI = 85.391, MACD = 5410.00, ADX = 45.265) as the recent weekly rally since the U.S. elections has pushed it past 90,000. Even the 1W timeframe got overbought (RSI = 74.244). However that overbought state has no impact on the current trend as during Bull Cycles and especially when the final 12 month parabolic rally begins, BTC tends to stay massively overbought for a very long period of time.
On this chart you see how the Bitcoin Rainbow Wave and Bands indicators (by Leoum) are applied with key pressure (both buy and sell) zones among Cycles that can even project future price action. This is a very powerful tool for those who want to plan their entries and exits on a long term scale.
Right now BTC is past the Yellow Zone where buying was suggested before the parabolic rally begins. This has historically been a few months after each Halving. The price just entered the yellow zone of the Rainbow but remains under the middle (purple line) of the cyclical wave. This means that despite the massive recent rally, it is still a fair buy.
The max level to sell on this Cycle is the Red Wave Zone, with the indicator suggesting a max value of $258k. However it is recommended by this model to start selling inside the upper band of the Fair value Zone (orange line), which currently gives a minimum of $145k and a maximum of $211k. Technically that is estimate to be a fair High for this Cycle.
When the next Bear Cycle begins, the model shows that it is best to start buying inside the green zone where BTC is expected to turn oversold near or at 30.000. Amazing as it may seem now, this zone is between $94k -$77k, which is approximately the trading range of this week. Meaning that the projected bottom of the next Bear Cycle could be around the levels we're at now.
See how our prior idea has worked out:
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what is next ? 100K and above ?Hello ,
as you can see in the weekly frame the price still in a bullish trend , BUT is the price really going to 100k or the price on the maximum top now ?
the price failed to cross 74k in weekly frame candle , to be sure that is a correction the price should not be under 50k in weekly frame if it does we are going back to 40k and under
to reach 100k and above the price should cross the 74k in the weekly frame candle
according the the chart we still under 70k and no high liquidity.
the price still in correction for now , the decision is yours :)
Politics vs Profits | The US elections & Crypto Harris, Trump, or Crypto ? Only One Goes Brrrr !
1/ The crypto market typically dips ahead of US elections
In 2016, there was a 10% dip, in 2020, a 6% decline, and so far in 2024, a 6% decrease. However, these drops aren't unusual; they can happen without clear triggers on any given day or week. So attributing extra significance to the current dip due to election is overblown it’s just business as usual in crypto
2/ The election results will trigger either a market boom or bust
Markets crave certainty over specific candidates. Once the election is over, investors can look ahead and allocate accordingly. In the grand scheme, Bitcoin and the wider crypto market don’t care who sits in the Oval Office. Whether it’s a red, blue, or mixed government, historically, crypto trends upward over time.
3/ Trump/Harris will be terrible for the economy
While Republicans and Democrats have vast differences (more so now than ever), unity isn’t our forte. How can we bring the nation together? Maybe start with a common interest and go from there
One thing’s certain, both parties have an affinity for money printing , While it’s a headache for the US’s debt situation, it benefits crypto.Why? Because a share of that newly minted money typically flows into crypto assets, which have limited or predictable inflation.
In essence, money printing devalues the US dollar but bolsters the value of scarce assets (like crypto) over time.Regardless of who wins, the money printer is expected to stay active.
While election may provide market clarity, it’s not a sure thing. Close elections can take days to finalize. So, if you feel like panicking, just remember this:
Zoom out → stay calm → remember…In the long run, crypto tends to prevail.
November is off to a roaring start with several significant market events – and that’s just in the first week! But before we look ahead, let’s review October to see where we stand:
1/ October Recap
Expectations were high for ‘Moontober,’ and it delivered (though gains were modest).
October saw:
- $ BTC up 11%, with the broader crypto market up 10%
- US Bitcoin ETFs purchased 5.83 times more CRYPTOCAP:BTC than was mined in October.
This demand and limited supply helped push the total crypto market cap out of an 8 month descending trend, signaling a potential reversal.
2/ Macro Outlook
Now, on to November. This week features two major macro events:
- US Elections – Tuesday, Nov 5th
- Rate Cuts – Thursday, Nov 7th
Markets expect a 0.25% rate cut. Though smaller than September’s 0.50% cut, it could ease market pressure.Lower borrowing costs reduce debt servicing expenses, freeing up cash for spending and potentially boosting both the economy and crypto markets.
The bonus? Historically, Bitcoin’s average return in November is +43%
If this trend holds, we could see CRYPTOCAP:BTC hit $100k by month’s end!
Cross your fingers, toes, and eyes!
3/ Token Unlocks
October had $5.4B worth of token unlocks, creating potential sell pressure. Thankfully, November’s unlocks are lighter at $2.6B, which may limit that pressure.
4/ Earnings Reports
This week brings earnings from:
- Franklin Templeton (managers of the AMEX:EZBC Bitcoin ETF)
- Arm (semiconductor architecture designers)
- Qualcomm (wireless tech products)
- Sony (self-explanatory)
But November 20th is the main event, with Nvidia ( NASDAQ:NVDA ) – the AI powerhouse – reporting earnings.That’s November in a nutshell.
We’ll be here daily with updates as events unfold
Bitcoin BTC price decides where to go nextAlmost all indicators are at extremely critical and decisive points:
1️⃣ CRYPTOCAP:BTC - $68300
2️⃣ BTC.D - 59% and continues to update local highs
3️⃣ USDT.D - 5.25% on the verge of a breakout or rebound upwards
4️⃣ Fear and Greed Index - 73 (greed)
🐳 Blue scenario - a sharp exit from the correction channel and movement towards $77-78k.
💔 Red scenario - correction OKX:BTCUSDT to $64000, and maybe even to $ 61k
Vote which scenario you think is more likely.
We will supplement this idea with interesting charts and our own opinion after we have 100+ votes.
Bitcoin: Step-by-Step Action Plan for 2025
Bitcoin has just reached its 60-day cycle low, coinciding with the conclusion of the U.S. election—a critical moment in both markets. If this cycle follows a "right-translated" pattern, we could see BTC maintaining bullish momentum for the next four weeks.
In trading, two types of participants tend to profit: those who spot and act on trends using indicators, market structures, or other strategies, and those who rely on luck by buying at the right time. While luck might bring gains in a market with Bitcoin’s history of strong growth, relying on it is often short-lived. Without the skill to analyze the market, "lucky" traders often lose out in the long run, especially when conditions turn.
For sustainable success, understanding the 60-day cycle and recognizing right-translation as a bullish sign can make all the difference. Watch for potential upward movement in Bitcoin over the coming weeks, but remember to keep an eye on key indicators and manage risk carefully!
What Are the Cycles Telling Us About Bitcoin and Altcoins Right Now?
Bitcoin Confirmed 60-Day Cycle Low: Bullish Setup for the Next 40 Days
Bitcoin's price is showing signs of upward momentum. Our 3-day indicator, which we aimed to see below 20, has started turning upward, suggesting a bullish short-term pattern. Currently, the daily indicator sits around 46—potentially a good entry signal. Over the next 3-4 days, we could see a strong price push, potentially followed by a brief consolidation.
The ideal buying opportunity came at the last cycle bottom of $56,000, with the next best entry at the recent low around $70,000. Now, with Bitcoin confirming its 60-day cycle low at $68,000 and beginning its ascent, a right-translated cycle could mean a climb over the next 40 days, providing ample time for gains.
While the 1-week indicator (red line) is above 80, it’s holding steady, indicating a continued bullish phase. Although this weekly indicator may dip to 20 within the next month or two, bringing another buying opportunity, strong uptrends can mean that waiting could result in missed profits. Stay alert for potential pullbacks, but the momentum is favoring the bulls!
Don't sleep on open profits - always take profits on the cycle tops!
BTC Weekly Chart is Showing Major StrengthThe last weekly close and open for BTC have broken the overall weekly structure of consolidation. A weekly close above the support would confirm this. Things are looking good for BTC in the bigger picture. Hold on to your hats, we have a year of volatility coming to us.
Not financial advice.
Do your own DD.
Thanks for looking at the idea.
Bitcoin and Crypto US Election Day Forecast and Bullish TargetsHi everyone,
In this video I break down how my Bitcoin forecast over the last few weeks has been playing out (nearly exactly) and where we likely go from here...
I think Bulls are in control, and we'll see Bitcoin at ATH to $80k in the coming weeks...
We review an article form POMP today, saying that who wins the election isn't really that important, and showing very bullish outomes after every previous election cycle...
But I do think a Trump win is likely, and will propel Bitcoin higher faster.
We look at the DXY and how that's rolling over nicely here, potentially taking us to "Bitcoin Rally Zone" and even the Vall-halla "Bitcoin Super Pump Rally Zone" where prices can really PUMP!
I'm hearing more and more people talk about an early left-translated cycle and parabolic blow-off top by the end of THIS year, followed by an everything bubble bursting and deflationary bust.
This is where a Trump win could save the long-tail of the 4-year cycle, by saving the economy.
If nothing else, a Trump win would be more pro-crypto because it's not jus him but a very pro-crypto cabinet with RFK, Elan Musk, Cythia Lummis, and more.
But we're not here to talk about politics!
It's the markets reaction to the news, that matters.
I've said 100 times THIS year and EVERY year... "Show me the charts, and I'll tell you the news".
Lastly, I review my now Top 11 factors that could push Bitcoin to $100, $150k, and even $200k.
And the charts showing the same... Interesting that the 1.618, 2.618, and 3.618 almost perfectly align with $100k, $150k, and $250k.
I also show how these targets can be achieved by measured moves of the Bitcoin Bull-Flag breakouts, using 2 different scenarios.
Let me know what you think below, and as always would appreciate a like, tip or share with someone you like in the crypto world!
I we can get to 100 likes, I'll do more of these on a regular basis.. and do an end of week post-election breakdown.
Thanks, and thanks again to TradingView for making this great platform we all use.
Brett Fogle
Moonstream Crypto
Bitcoin Analysis==>>DUMP==>>Filling GapsBitcoin ( BINANCE:BTCUSDT ) is currently moving in the Support zone ($70,100-$68,420) and near the Support line .
According to Elliott's wave theory , Bitcoin was able to complete main wave 4 ( although with a little irregular movement ).
I expect Bitcoin will break the Support line soon , and the main wave 5 can be finished in one of the Potential Reversal Zones(PRZs) and filling the CME Gaps one by one .
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
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BTCUSD: Breaking above the Cup pattern and turning parabolic to Bitcoin just turned bullish on its 1W technical outlook (RSI = 58.731, MACD = 2509.900, ADX = 22.826) as it touched this week the ATH of March. Every Cycle has traded inside a Cup pattern and when the ATH top broke, the price turned parabolic. The last Cycle Top was priced on the 1.618 Fib and the one before on the 2.382 Fib. Consequently the worst case scenario for the top of this Cycle is 175,000.
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BTCUSD: Will it make new All Time High or get rejected?Bitcoin turned overbought on its 1D technical outlook (RSI = 71.973, MACD = 1675.300, ADX = 39.493) as it is on the 4th straight bullish day, approaching the 73,800 All Time High. The rise is being charged by the 1D Golden Cross formation two days ago and with the 1W time-frame still far from being overbought, we can see this bullish trend extending. If it breaks the ATH, we expect a slower ascend to 80,000 but if the price is rejected on the ATH level, we may see a new test of the 1D MA50 (TP = 67,500) so that the market tests the buying strength once more before breaking the ATH.
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Let's be optimistic about BTC if it is closed above 59.5 KBTC testing the down side of lateral range that have formulated since March 2024. (Testing the Ice)
It will be positive if it is closed above 59500 on the daily time frame and the first target will be 62K
IN 4 HOUR Time Frame , it has broken down trend
The nearby outlook for Bitcoin. Good! But not as good on Daily
This is the Daily and Weekly Charts for Bitcoin.
Both charts have price situated above their 200EMA's (sloping upwards) and this demonstrates a bullish uptrend, the EMA stack is also in correct order with 8EMA stacked on top.
The only thing contrary I found is a short-term Daily bearishness for Bitcoin depicted in the MACD. This simply means that price needs to find support around the 21 EMA, 34 EMA or 55EMA, support which you can see in recent history on the bitcoin chart.
BTCUSD: This is just a huge Bull Flag on the way to 200kBitcoin just turned borderline bullish on its 1W technical outlook (RSI = 57.457, MACD = 2355.100, ADX = 20.299), which is very positive long term as the buyers are making their presence felt for the first time since March. Supported by the 1W MA50, it is a huge development that the 1W MACD has formed a Bullish Cross. The same set of formations occurred in April 2020. We believe the two patterns to be similar and this makes the 7 month Megaphone just a mid Cycle Bull Flag. The 2020 pattern peaked on the 2.0 Fibonacci extension. If that is replicated, then Bitcoin can break 200k by the end of 2025 (TP = 215,000).
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