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Bitcoinusd

Possible scenario Bitcoin BTC price movement for February 2024In February, trading in the BTCUSDT pair started at around $42,000. This value is approximately in the middle of the trading corridor with critical limits of $39000-39500 and $44250-44750 If you look at the left corner of the chart, you will see a table that shows that statistically, February is "green" for the BTC price Only February 2020 "subtly hinted" at how tough March 2020 will be. Those who survived this period with their deposits definitely got goosebumps at the mere mention of it...) And yet, it was exactly 4 years ago, before the previous "BTC halving" We have depicted the approximate possible movement of the BTCUSDT price for February on the chart. Particular attention and important trading decisions will need to be made when the Bitcoin price is near the critical limits of $39000-39500 and $44250-44750 What is your bet? Will February be green or red? Where will the BTCUSD price go to 52000 or 32000? Write everything in the comments!
by P_S_trade
25
Bitcoin: Projecting a $240K Milestone by the End of 2025 From the historical data, we can observe that the price of Bitcoin has experienced substantial volatility with a series of peaks and troughs forming a broad ascending channel. This channel is constructed using two parallel trendlines that connect the swing highs and lows of the price action, indicating key levels of support and resistance. The lower trendline, serving as support, has been tested multiple times, with each touch confirming the line's validity and suggesting a strong buying interest at these levels. Conversely, the upper trendline acts as resistance, where selling pressure has historically capped upward price movements. As of the latest visible data on the chart, Bitcoin is in an uptrend, having rebounded from the lower boundary of the channel. The current price trajectory, represented by the dotted extension line within the channel, forecasts a bullish outlook, with the potential target set around the $240,000 mark by the end of 2025. This projection assumes that the historical cyclical behavior and the channel's integrity will continue to hold true. The dotted lines within the channel may represent mid-channel potential resistance or support lines, which are typically drawn at levels where the price has shown a tendency to consolidate or reverse. These internal lines can provide traders with intermediate targets or entry/exit points within the larger channel pattern. The analysis suggests an optimistic long-term price increase for Bitcoin, aligning with the overarching bullish trend observed since Bitcoin's inception. However, the prediction also accounts for the inherent volatility in the cryptocurrency markets, which can lead to unexpected swings and trend interruptions. It's important to note that such analyses are based on historical price movements and assume that past patterns will repeat or continue, which is not always the case. External factors such as regulatory changes, technological advancements, market sentiment, and macroeconomic variables can significantly impact the price of Bitcoin and disrupt established patterns. This analysis is provided as an idea and is not intended as financial advice (NFA). Traders and investors should do their own research and consider their risk tolerance before making investment decisions in the cryptocurrency market.
INDEX:BTCUSDLong
by TechTrendDude
BTC Drop loadingI wasn't expecting the price to rise so much, but doesn't matter. As we has seen lot of times, it's squeezing some shorts. And as always, the higher the squeeze, the deeper the drop. I don't think it will broke above previous high (but i can be wrong), but what is sure is that is going to drop soon. It's clearly a bull trap, and it can go up a bit more before dropping. 41k is my main target, and invalidation will be clean break above 49k. Most important, don't long now.
Short
by SaliJournal
"Bitcoin Holds Steady: Sideways Market Sentiment Prevails "Tracking the Thrilling Bitcoin Action: A Week in Sideways Market Dominance! 📈🔄 Hey, fellow crypto enthusiasts! Today, let's dive into the latest rollercoaster ride with our favorite digital asset, Bitcoin. Over the past week, the charts reveal a tale of a sideways market, where the price action has been in a tight range. As of now, the battle between supply at the 43,500 level and demand at 40,200 is the focal point. For those actively engaged in Bitcoin trading, the strategy revolves around buying at support, selling at resistance, or entering at demand and exiting at supply. The crucial moment awaits us at the 45,000 level. A decisive break above could signal a powerful momentum, potentially retesting the lofty heights of 50,000. However, the absence of major Bitcoin news has limited our ascent, hitting a recent peak at 50,000 and encountering resistance. Without any groundbreaking developments, the next few days may see a retracement to the 39,000 level. Your engagement is invaluable to me, so remember to comment, like, share, and subscribe! Let's boost this community together and navigate the crypto seas. Until next time, fellow traders, see you on the flip side! 🚀💰
CRYPTO:BTCUSD
by Districtfx
1
TheKing Summer Time- Okay, so TheKing dipped around -20%. - For some peoples it could means panic and the end of cryptos. - For Veterans those kinds of "mini crash" are very commons. - We saw already harder moves in 2019 ( White Circle ) - Now those corrections are more large simply because BTC price is higher. - Actually the situation still looking much more better than 2019-20 ( Covid ) -------------------------------------------------------------------------------------------- - i used only ichimoku on weekly Timeframe to make this analyze. -------------------------------------------------------------------------------------------- - Like always everything is in graph. - Basically BTC got a first big resistance around 32k$. ( Flat Cloud ). - Next potential resistances are around 43k$ and 48k$. ( Flat Cloud ). - For now BTC bounced on Kijun and found a support around 25k$. - The price is staying inside the cloud so it just means for now " indecision ". - Kijun Line ( Red ) is starting to make a flat around 25k$, it could mean " Build Support ". - on Weekly TF, ichimoku cloud crossed bullish. - So to get more bearish movements we need 2 confirmations at least : 1 : BTC have to dip under the red cloud. 2 : Tenkan and Kijun have to death cross ( Kijun (red line) have to go on top ). So for now, nothing is predicting a new low but time will speak. Happy Tr4Ding!
COINBASE:BTCUSD
by thecryer
4
Channels for Bitcoin BTC price movement during 2023-2024Throughout 2023, the BTCUSDT price moved up the channel skillfully. And in early 2024, when BTC ETFs were finally accepted, the price of BTCUSD hit the top of the channel around $49000 and began its corrective movement. Let's be honest, the correction of Bitcoin's price growth has been asking for a long time, now the only question is when it will end ?! Write your options in the comments below the idea. Now the price of BTCUSDT is at a critical point where the correction can be completed and a rebound to at least $44000-44200 can begin. If not, the next obvious stop for Bitcoin price is around $32700. The lower mark of the channel is around $27400 To be honest, we don't want the BTC price to fall there, because it could lose the bullishness of the crypto market's and continued growth and lead to a long sideways correction in 2024. The ideas published on Trading View do not disappear, for example, our forecast written at the end of 2022 worked out quite well in 2023: Write your thoughts on what the BTCUSDT price will be on January 01, 2025, and support the forecast you agree with likes. And absolutely everyone will be able to check who was right)
by P_S_trade
12
BTC - Expected Price Up Until HALVING📉Hi Traders, Investors and Speculators of Charts📈 With the ETF approval priced in, next thing is the upcoming BTC halving expected in April - but wat does this mean for the price of BTC? When there's an unprecedented event that will affect the markets, it's helpful to return to the basics: 👉 Buy the rumor, sell the news 👉 Macro Analysis 👉 Candlestick analysis 👉 Buy the rumor, sell the news The ETF was again, a perfect example of this. Although it's possible for the price to increase days leading up to the halving, from a previous analysis we determined that BTC usually drops before halving. 👉 Macro Analysis Bitcoin is due for a correction / pullback. Even dropping to lower 30K zone would still be a lower high, classic Elliot Wave Theory before the next upwards impulse wave, which is the biggest ( wave 2). 👉 Candlestick analysis BTC has made 8 consecutive green candles in the two week timeframe. A few red ones are definitely overdue. This will support as a "fundamental reason" for the halving drop. NOTE that I am still BULLISH on BTC. We're in the opening moments of a new bullish cycle, but there are pullbacks and corrections in upward cycles - and I'm expecting that we're currently trading in correction wave 1-2. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT.P
INDEX:BTCUSDShort
by CryptoCheck-
BTCUSD Trading Plan - 31/Jan/2024Hello Traders, Hope you all are doing good!! I expect BTC to go Up if it gives correction here. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
EIGHTCAP:BTCUSDLong
by For3xScalper
$MARA approaching the 5th wave down!$MARA:4H I would expect the increased potential for NASDAQ:MARA to rise as high as the 0.5 retrace (20.75) or AVWAP (21.98) were CRYPTOCAP:BTC price to rise. I would expect the AVWAP (blue) off the recent high to be in confluence with the 0.5 retrace by that point and provide a solid line of resistance. Failure to consolidate above the 0.5 retrace/AVWAP levels could portend the beginning of the 5th and final wave down to the 10-12 price range. It should be noted that price has done enough to complete the 4th wave upward retrace and could remain range bound (16-19) at current levels for a couple weeks. However, given the recent level of volatility associated with this issue, I see this as the less likely scenario. In summation, whether it be from a little higher price point or from current levels, my current thesis is that NASDAQ:MARA follows the price of CRYPTOCAP:BTC downward leading up to the halving and its accompanying, short term, ‘supply shock’. I would expect NASDAQ:MARA to find its bottom somewhere between 10-12 before the end of April 2024.
NASDAQ:MARAShort
by Firewalker_Charts
2
BTCUSD Eyes New All-Time HighBTCUSD is on a remarkable journey, seemingly heading towards a new all-time high. This movement indicates a strong bullish momentum within the crypto market, as Bitcoin continues to gain traction among investors. With growing interest and adoption, BTCUSD's upward trend reflects increasing confidence in its value and potential. Market participants are closely watching, eager to see if Bitcoin will indeed surpass its previous peak and set a new record, marking another historic milestone in its ever-evolving story.
COINBASE:BTCUSDLong
by awsmtrades
5
Who is Michael Saylor?There are 3 paths I see from here: Black path/arrow = initial bounce followed by lower low (36-38k) before continuing higher (most likely) Green path arrow = initial bounce followed by higher low before continuing higher Grey path/arrow = run directly to make higher high from here (least likely) - One common denominator in all 3 of these paths - we will get an initial bounce to 44400-48000 by Feb 14 2024. 44.4k-48k is my initial target. - At that point it will run into selling pressure (red funnel off recent peak) and start pullback. The extent of that pullback will determine the next move higher. ~ if it takes black path it will find buyers at 36-38k and then bounce to 48k-51k ~ If it takes green path it will retrace to around 41k-43k and then rally to 51k-55k ------------------------------------------------------------------------------------------------------------- Some comments on the summary above: - The bulk of this initial bounce to 44.4k-48k will take place early this week (1/29-1/31) - The pullback from initial target will take shape in late Feb 2024 - early March 2024 * Wait to go long after the pullback to catch bigger bounce/rally that will follow. i.e., run to 48k-55k by late March 2024 - early April 2024 ~If this initial bounce breaks above 48k then it will take the solid grey path directly to 51k-55k by end of Feb. 2024.
BITSTAMP:BTCUSD
by JerryManders
Powerful BitcoinI wonder how come you don't follow me? Please follow me and like the posts before starting to read this analysis. If you have any questions, you can send me a message in the private message section. Well, according to the previous analysis, we saw a downward fake failure in the chart, which we could recognize as a fake failure using the indicators. Now it's back in full force. I will wait for my target, which is the price of 44200. What do you think about this topic?
BINANCE:BTCUSDLong
by ALI_LAZGIPOUR
4
Bitcoin USD Dollar AnalysisIn the following chart on BTCUSD I'm trying to visually breakdown and identify certain emotional patterns that triggered break-outs. These patterns turn from resistance into support and seem to somewhat repeat. Could we see a similar H&S structure on this current local top? I'm no fortune teller, but with a good risk-management and strategically put positions we can trade the speculation in a high reward opportunities. May the trades be with you, TheTrex.
BITMEX:BTCUSD.P
by TheTrex
1