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Bitcoin 2024: A Comprehensive Analysis of Potential Investment..Bitcoin 2024: A Comprehensive Analysis of Potential Investment Opportunities In the ever-evolving landscape of financial investments, the emergence of cryptocurrency, particularly Bitcoin, has become a focal point for serious consideration. Despite its current valuation hovering around $42,400, a more nuanced examination reveals compelling factors that position Bitcoin favorably for potential gains in 2024. Navigating Regulatory Approval: In a significant development on January 10, 2024, the Securities and Exchange Commission (SEC) granted approval for the Bitcoin Future ETF. This regulatory endorsement introduces standardized contracts, providing investors with a structured vehicle to engage with the cryptocurrency market through Exchange-Traded Funds (ETFs). Adapting to Market Volatility: Against the backdrop of an election year, historically associated with heightened market volatility, astute investors are compelled to adopt a diversified approach. The prevailing uncertainty surrounding candidates and their policy proposals often triggers notable fluctuations in specific sectors. Cryptocurrency, notably Bitcoin, emerges as a compelling option, particularly when certain sectors, such as technology, exhibit signs of overvaluation. Bitcoin's Strategic Catalysts: The SEC's approval of cryptocurrency ETFs marks a crucial validation for the digital asset class, potentially initiating a bullish trend. Additionally, the impending Bitcoin halving, a recurring event where miners' rewards are halved, historically induces heightened buying activity, surpassing previous price highs. The convergence of election-induced market dynamics, regulatory advancements, and the upcoming Bitcoin halving presents a strategic outlook for cryptocurrency in 2024. Strategic Investment Considerations: With the potential for Bitcoin to breach six-figure valuation, notwithstanding its notable surge in 2023, a prudent consideration for investors involves assessing its current standing. The SEC's validation, coupled with election-induced market dynamics and the impending halving event, positions Bitcoin as a noteworthy asset class for those willing to navigate a degree of speculation. Our Idea Long positions Above $38000 Area with targets at 45000 & 50000 in extension.
BITSTAMP:BTCUSDLong
by FOREXN1
5
BITCOIN rejected strongly from weekly resistance, more downBTCUSD price has shown strong rejection from the resistance area , currently price is in a correction mode, after reaching the resistance area(shown in the map), if price shows rejection, we can expect the price to move lower the nearest support area around $41,000 and if price breaks below the the support price may continue lower towards $37,500 area. Weekly chart Weekly close shows strong bearish sign, price made a shooting star on weekly chart, after a correction, price may head lower. Daily Chart Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BITSTAMP:BTCUSDShort
by Stargazer_fx
2
Will Bitcoin bullish?Bitcoin is in an ascending channel in the 4-hour time frame, now at the bottom. It seems that according to the volume it has collected from the bottom of the channel and according to the fundamental news, we can imagine a bullish view of it. ************** This is not a recommendation to buy or sell or to invest, it is only placed to increase your information. Investing in the financial markets requires sufficient training and high-risk acceptance.
BITSTAMP:BTCUSDLong
by babakghafouriofficial
BTC Preparing for the Correction before Halving?Currently, BTC broke the internal (4H) uptrend market structure. 📉 Higher Timeframe (1D) Low not broke yet which is around 40k. (Which remaining uptrend) 📈 But internal market structure broken, and now it could try to retest the 50-60% fib level with the huge Fair Value Gap (FVG) as a confluence. BTC also now in multiple trend line support, so we can aspect the upside movement attest the confluence FVG level. (Black Marked Zone)
COINBASE:BTCUSDLong
by ARS-ALGO
BITCOIN TO GO SHORTBitcoin just broke through the inflection point towards the value area and has reacted with the value area. This could mean that there is a very high possibility of Bitcoin going short for the next months. This means that 2024 could overall be a "short" year for BTC. So what could this mean for investors concerning Bitcoin ?, Firstly it means that if price presents opportunities to buy , we could expect short asset holding periods on Bitcoin. Secondly, this first quarter will be the best time to sell of BTC assets as the prices for selling Bitcoin for the year may currently be at its highest value. Thirdly, the 4th quarter of the year might be the best time to buy BTC at low and good prices for holdings. I provide personal BTC investment advices, so if you will want more insights and information on when to buy, hold and sell your Bitcoin assets, kindly DM me here on trading view and i will reach out . Also if you found this information helpful please do like , share and comment on your thoughts and do follow me for more as well. Thanks for reading
FOREXCOM:BTCUSDShort
by jarzzyfx
Road to financial freedomThe recent increase in price of Bitcoin (BTC) from the oversold area is a strong signal of a new bull market. With the current price at $23,369, the technical analysis suggests a potential rise to $240,000 or even higher in the next few years. The chart shows a possible month-to-month movement of BTC, reinforcing this bullish outlook. Additionally, increased interest and adoption from both the public and private sectors in the cryptocurrency market are positive indicators for Bitcoin's long-term prospects. Overall, the trend for BTC is bullish, and the future looks bright for the largest cryptocurrency by market cap.
INDEX:BTCUSDLong
by Joy_Bangla
7
BTC/USD Local Work - 44,700 until January 17. Triangle 17% Time frame 1 day. Until January 15 (the key date mentioned earlier) there will again be pumping of info space and opinion on the acceptance / non-acceptance of the spot ETF by the US Securities Commission (SEC). Hence, the next round of "hunger games" will be opened after the New Year on January 5-6. Line chart. On bitcoin, under the resistance zone of 44,700 (key and symbolic) an ascending (bullish) triangle is forming at the moment. It is worth noting that above this resistance accumulates a huge liquidity from stop-loss shorts, which can serve as "fuel" for the impulse (breakout of it). This triangle is forming near the resistance of the large ascending channel (percentages shown). Local percentages taking into account this formation and key support/resistance levels are shown. The ascending channel and this local trading situation in it. (part) BTC/USD Local trend 11/19/2023 Altcoins and the $44,700 breakout . If this liquidity is removed and the 17% triangle works its way up (even with a false breakout to channel resistance) - ALTCOINS EXPLODE in the moment and "overtake the market". Especially the low and medium liquid ones (which are swinging even now, when bitcoin is in the zone of doubt and uncertainty). Liquid, large capitalization, HYIP (crowd is planted) — of course not now (i.e. price rise or fall only according to the market trend no more and no less). Triangle break down through a false breakdown or without it. . The first stop zone 38 -36 thousand to the bullish meridian (will be relevant later), which is the middle of the ascending channel. Not now (but worth reminding). Money and risk management. . Maximum reduction at the moment of capitulation for long liquidation, as well as by the way shorting of futures and margin positions when reversing by a large % (“needle takeout”), before the transition to the participation phase (price movement of 2024 targets to 2025 distribution zones) and a significant correction in the trend (does not break it) is a dynamic support of this huge ascending channel, which is the zone 28-26 and even 24 depending on the time of realization (the channel is ascending). When trading, earning, remember about this logical probability and set aside at least 30% of the profit in stablecoins. This happens when it is not expected (efficiency). Futures and the penalty for greed. Be careful with futures, so that the growth of the numbers drawn by the exchange on the screen of the futures account does not put your vigilance to sleep. Observe risk management. Always withdraw part of your profits to margin with reduced risk or to spot. When cashing out, don't be greedy. Otherwise, you simply burn time (money from you at zero will be taken away in the moment). In cross and isolated margin, always keep the risk low . In moments of “market panic” this indicator will change to high. Medium risk to liquidation). Have stablecoins to refill collateral at the “peak” of fear. Another option is knocked out stops (of all positions or part of them) as a body of collateral. Remember that in sharp movements, stops may fail or partially fail due to price slippage (make a large stock pitch, especially on low liquid cryptocurrencies). It is worth noting that hedging by opening a short position may not work due to the speed of market movement at such times. This is done by a “manipulator” at a time when few people expect it, i.e. on the positive side. If you have time to open a hedge — great. If not — all of the above.
by SpartaBTC
2
Bitcoin #BTC 2024 HTF PlanI've been bullish the whole of 2023 on BTC and overall Crypto. Right now, I feel pretty uncomfortable posting an HTF #BTC chart exactly before the ETF decision. Depending on how the market reacts this week, this plan may change completely though, "Show me the chart and I'll tell you the news". This saying is deeply engraved in my trading For the sake of the analysis, I will forget that there is major news incoming for Bitcoin and I'll analyze only the chart. This is not entirely correct though because the overall context always matters. CRYPTOCAP:BTC looks solid right here and my bullish bias hasn't changed, yet. I think another push higher is due. At least I am expecting $48,000 near term as I've specified multiple times on my X profile. This will be a sweep of the March 22 High which led to the major sell-off that marked the bottom later on in Nov. If after sweeping the high, the price loses the trend and starts breaking down, the only place where I'll be looking to start building HTF positions will be at the ~30,000 zone. There I'll be buying the 28/29,000 wicks. LTF Bullish shift of structure will be a $32,000 reclaim, where I'll be looking to add to my position from lower. The perfect scenario will be another push towards 38000 where the price needs to reclaim ~38,000, this will signal that the bulls are in full control of the trend and we may indeed see fresh highs. Can't say what can happen next, though if the price start reclaiming 48,000 and holding the trend, I think new all-time highs are in the cards
COINBASE:BTCUSDLong
by SolidTradesz
#Bitcoin : Ascending Channel in Daily (Short-Term Triangle)In the daily timeframe, we observe a consistent touch between the bottom and top of the ascending channel every 161 days. Currently, there are 60 days remaining until the projected bottom touch. In the 4 hours, Bitcoin appears to be forming an ascending triangle. I anticipate a potential move toward the top of the channel, reaching levels between 46,800 and 47,250 in the coming days after a swing between 43,500 and 42,000. Crucial corrective levels for the daily channel are 37,600 and 33,800, with an expected touch within the next 60 days. #BitcoinAnalysis
Long
by tobtctrading
10
Bitcoin Flippening Theory Based On AriasWaveSince embarking on the creation of AriasWave, my primary objective has been to delve into corrections and unravel their expansive potential. My focus extended to scrutinizing the potency and characteristics inherent in 5-Wave movements, as they often offer insights into their upward limits. Regarding the Bitcoin pattern, from the outset, I harbored reservations about its purely impulsive nature, except for the cyclical pumps associated with halving events. While I don't predict Bitcoin's descent to zero, I discern indications that it may lag behind in performance compared to other projects efficiently fulfilling similar functions. This isn't a dismissal of Bitcoin's revolutionary impact, as it undeniably fueled innovation. I remain open to all possibilities, but prudence dictates acknowledging superior risk/reward scenarios when alternatives with greater efficacy present themselves. Hence, I propound my flippening theory, shedding light on the potential future displacement of Bitcoin by various alt-coins, contingent upon their respective patterns.
BNC:BLX
by AriasWave
BILLIONAIRE TIM DRAPER PREDICTS BITCOIN PRICE TO REACH $250,000 BILLIONAIRE TIM DRAPER PREDICTS BITCOIN PRICE TO REACH $250,000 IN 2024 Billionaire Tim Draper predicts Bitcoin will hit $250,000 in 2024, thanks to potential US ETF approval. Draper sees an even higher potential for Bitcoin with smart contracts and a friendlier US attitude. The US awaits a Bitcoin ETF, making crypto more accessible to traditional investors. Renowned billionaire venture capitalist Tim Draper has made a bold prediction regarding the price of Bitcoin (BTC) in 2024. Draper anticipates that the leading cryptocurrency will surge to an impressive $250,000 within the next few years, citing factors that could drive its value to new heights. Draper’s optimistic forecast for Bitcoin In a recent conversation, Tim Draper expressed his bullish outlook on Bitcoin’s future. He forecasted a price of $250,000 for BTC by 2024 and hinted that this milestone could be achieved sooner than expected. Draper’s optimism is grounded in several key factors, including the potential approval of a Spot Bitcoin ETF by the US Securities and Exchange Commission (SEC). Draper’s prediction is not the first of its kind, as many industry experts and analysts have also been speculating about Bitcoin’s remarkable potential in the coming year. The anticipation surrounding the SEC’s possible approval of a Spot Bitcoin ETF has fueled these expectations, with many eyeing early 2024 as a potential timeframe for its introduction. Discussing his earlier Bitcoin forecast, Draper recalled how he had predicted a price of $250,000 for the cryptocurrency when it was trading at just $4,000.
BITSTAMP:BTCUSD
by henryartem
1