BTC Poised for a Breakout: Will Bulls or Bears Take Control?hello guys.
let's analyze BTC
Ascending Channel: BTC is trending within an upward channel, with a broken resistance line acting as support, indicating a bullish trend.
Scenarios Outlined:
Scenario 1 (Bullish): BTC could continue its upward movement, aiming for $74,000 and potentially $76,000 if momentum holds. This scenario suggests a strong rally after breaking through resistance levels.
Scenario 2 (Pullback): BTC may pull back to retest the $66,000–$67,000 range, which would be a healthy correction within the trend. This level could provide a solid support base before the next upward move.
Key Support and Resistance Zones:
Support Zone: Around $66,000, where Scenario 2 will likely play out if a correction occurs.
Resistance Zone: Between $74,000 and $76,000, a potential target for a bullish continuation.
In summary, BTC is currently at a decision point. A breakout above the $74,000–$76,000 zone could lead to a sustained rally, while a retest of the $66,000 support could provide a better entry for bulls. Watch closely for price action at these levels!
Btc!
Bitcoin Cycle Repeat? 1 Year Bull Run Above ATH Ahead!In the chart above, we’re comparing Bitcoin’s current cycle with its previous cycle.
Bear Run (1 Year): The previous cycle started with a significant bear market that lasted exactly 1 year, characterized by a sharp drop in price from the peak.
Recovery Phase (2 Years): Following the bear run, Bitcoin spent 2 years in a recovery and consolidation phase, gradually building a support base and regaining momentum.
Bull Run Above ATH (1 Year): After consolidation, Bitcoin entered a 1-year bull run that pushed it above the previous all-time high (ATH), setting new records.
Current Bitcoin Cycle: The current cycle appears to be mirroring the previous one closely:
We’ve had a 1-year bear run, which aligns with the pattern seen in the previous cycle.
This was followed by 2 years of recovery, with the price consolidating and gradually strengthening.
If the pattern continues, we could be entering 1 year of a bull run above the previous ATH, starting now or very soon.
Based on this repeating cycle pattern, the current setup suggests that we might have 1 year of a strong bull market ahead, potentially pushing Bitcoin above its previous all-time high by late 2025.
Regards
Hexa
BTCUSDT Bullish Wedge Pattern!BINANCE:BTCUSDT has formed a falling wedge pattern on the 1-hour chart, with strong support at the bottom of the wedge around $67,000. The price has already broken out of the pattern and is now retesting the wedge resistance. Additionally, BTC has crossed above the 100 EMA on the 1-hour chart, indicating potential bullish momentum. We can expect a strong upward move from the current level.
Regards
hexa
ETH/USDT points highlighted. Ethereum is trading within a descending channel, shown in yellow. Currently, it is near the lower boundary, which has provided support in the past.
The green highlighted area around $2,300 acts as a strong support area. Ethereum is approaching this level, which could potentially trigger a bounce if buyers step in.
The green projected line suggests a potential rebound from the support area, aiming for a potential upside move toward $2,800 and beyond if momentum builds.
The chart includes moving averages that could act as additional resistance points in case of a bounce.
Ethereum fails to hold the $2,300 support, there could be further declines towards lower levels in the channel.
This chart suggests monitoring the $2,300 support area closely, as it could determine whether ETH begins a recovery or continues its downward trend.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
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@Peter_CSAdmin
BITCOIN Update !!The latest BTC/USDT chart update shows a significant zone marked as a "extreme zone" around the 64,000 - 65,000 level, highlighted in red.
This red-highlighted zone around 64,000 is being emphasized as a strong support level. If the price retraces to this area, BTC may find buying interest, potentially providing a solid base for a rebound.
The upper orange bar, near 72,000, represents a major resistance level. If BTC reaches this level, it may face selling pressure unless it can break above decisively.
The green arrow suggests a bullish outlook after a possible pullback to the strong support zone. This scenario implies that BTC could rebound from the 64,000 zone and make another attempt at breaking above the 72,000 resistance.
In summary, BTC appears to have a key support at 64,000, which could act as a pivot point for the next upward movement. A failure to hold this zone, however, might indicate a shift in momentum.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
ICPUSDT - BUY OPPORTUNITYThis one is a low risk - high reward potential for a long-term, equity growth investment.
Considering the future of Ai within the crypto space & blockchain and in general, market growth of Ai to reach trillions of $$$ in the next few years or sooner, the overall growth and future potential integration of Ai within the ecosystem of ICP can help elevate the overall price of ICP - already its implementing Ai introduction within its blockchain and many more applications to follow through in near future. given the reasons, the potential Ai bull run can be explosive for Ai coins and ICP has the greatest potential to overcome its past performance and gain huge growth from here!
My overall investment in this coin is long term hold to potential STP target - I can see this coin to do exponentially well in near future! I will HODL this coin until Ai bull run fully peaks!!!
Pls DYOR and risk only what you can afford to lose! Crypto is extremely volatile and you can lose your entire capital!
Trade Safe Habibis! Good luck to ICP HODLrs LFG!
BTC weekly data is shifting. MASSIVE UPSIDE is waiting now! BUY!BTC has corrected healthily to -20% from its peak after reaching its parabolic ATH highs of 73k.
Now the mother of all of coins is showing some strength again. Weekly data metrics is shifting now and buyers are back again, positioning aggressively for the next RUN-UP to ATH and beyond.
From our weekly chart diagram above, you can observe that the black bear cells has faded and the white dot (longs) has literally escaped the shorts prison cell (black cell). This signal has never missed since the 15k BTC season. The batting average of this one playing out again is very very high.
This week is the best time to SEED. Get them all planted now. BTC is already up by 10% after that quick bounce from the strong major order support at 57k area. Signs of what's coming next after this week.
Spotted at 60k area.
TAYOR.
BTCUSD 1hour bullish breakout and MA50 rebound target 72000.Bitcoin / BTCUSD made a bullish breakout over the Falling Resistance on the 1hour time frame.
The break out's pull back tested the 1hour MA50 and is rebounding.
This is a bullish signal that is technically targeting the 2.0 Fibonacci extension at 72000.
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1 Year of Bitcoin Bull Run Remaining? In the chart above, we’re analyzing Bitcoin’s historical cycles to see if the current cycle follows a similar pattern.
Bear Run (1 Year): In each of the last three cycles, Bitcoin experienced a bear market lasting exactly 1 year from the all-time high (ATH). This phase saw a significant drop in price as the market corrected.
Bull Run from Bottom (1,064 Days): In the last two cycles, once the bottom was established, Bitcoin entered a consistent bull market that lasted approximately 1,064 days. During this period, the price gradually climbed, eventually reaching new highs.
Current Bitcoin Cycle:
So far, the current cycle appears to be following the same pattern as previous cycles. We’ve already experienced a 1-year bear market after reaching the previous all-time high (ATH).
Currently, we have completed 2 years of a bull run from the bottom, aligning with the 1,064-day bull run observed in past cycles. Based on this historical pattern, we may have 1 year of bull run remaining, which could potentially push Bitcoin to new highs by late 2025.
If this trend continues, it suggests a strong opportunity for growth over the next year, mirroring the end phase of past cycles.
BINANCE:BTCUSDT BITSTAMP:BTCUSD CRYPTOCAP:BTC
Regards
Hexa
Bitcoin is volatile#bitcoin #btc is trying to break the falling channel just before the elections results. CRYPTOCAP:BTC price has tested 4H ichimoku span resistance zone and for now just declined there. Further declinations will weaken the structure. Very volatile few days we' ll see. Avoid high leverage positions and take care for your funds. Just a friendly reminder.
AVAX vs BTC | ALTCOINS | Life Changing IF This Pattern Plays OutFractals have been used for years as possible suggestions to map how money moves in the financial market.
This is what gives them significance; they draw out a sort of map. The hard part about fractals though, is that they often appear cross markets and it is no easy feat to spot similarities on large scale. However, to the seasoned eye, fractal-spotting becomes easier over time.
There is a misconception that fractals can only be used in the same timeframe. This is simply because, as with Bitcoin, there is a large history of candles (data) that plays out in an elaborate pattern. Daily candlestick patterns become lost in weekly patterns, even though the general direction / macro is the same.
In the case for AVAX, a similar pattern has been observed in BTC before the COVID pandemic - and it has been playout out perfectly, so far.
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BINANCE:BTCUSDT
COINBASE:BTCUSD
BINANCE:AVAXUSDT
BTC UPDATE (2H)Bitcoin had a CME gap that has just been filled.
From the green range, it can move up and then drop.
CME gaps are usually filled, especially if the gap is close.
When these gaps are filled, the price is balanced.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
When to Book Profits in Bitcoin?Bitcoin technical analysis update
Historically, when Bitcoin's monthly RSI reaches overbought levels, the price tends to drop. In 2013, the RSI peaked at 97, in 2017 it reached 95, and in 2021, it topped at 92.5, forming a higher low divergence on the monthly chart. This time, if the RSI reaches the 90 level, it could signal another peak for Bitcoin. When the RSI reaches the 89-90 range on the monthly chart, it’s typically a good time to start booking profits. Currently, the RSI is at 63, suggesting there is still room for a price increase in the coming months.
Regards
Hexa
BTC to reach 110k by the end of mayFor a long time BTC has been zoning around the 23k level. This was indeed a big step up from the 16k level it had been zoning around for a terrifyingly long time as well. As you can see in the chart, everything is about to change. The green lines point towards a clear upward move anywhere near the next 3 weeks. If this happens indeed, i would expect a small bounce back before reaching the 100k or even the 110k within the next 3 months.
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ps: do your own research, im not accountable for your investments.
Bitcoin can fall little more and then rebound up in channelHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price declined to the support level, and soon turned around and started to grow. But soon turned around again and dropped lower 68000 level, breaking it, and started to trades inside range. In the range, the price fell to the bottom part and then in a short time rose to the support level, and even made a fake breakout. After this, BTC fell back to the range, and even declined to bottom par again, where it made impulse up and rose higher than the 68000 level, breaking it, thereby exiting from the range too. Next, the price continued to grow and reached the 71000 level, which coincided with the seller zone and then broke this level. Then the price rose to 73600 points, after which started to decline inside the downward channel. In the channel, the price broke the resistance level and fell to the support line, after which tried to back up, but failed and continued to fall. Recently BTC reached a support level, after which rebounded and has now grown. So, in my opinion, the price can decline a little more and then rebound up to the resistance line of the channel. That's why I set my TP at 70400 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀
HelenP. I Bitcoin can break resistance level and continue growHi folks today I'm prepared for you Bitcoin analytics. In the chart, we can see how the price declined to the support level, which coincided with the support zone, and then at once tried to grow. But soon it turned around and dropped below the 63000 level, breaking it, and then some time traded below this level. Price tried to rise higher than the support level, but failed and declined to the trend line, after which it rebounded and grew back. Soon, BTC broke the 63000 support level and rose in a short time to the resistance level, which coincided with the resistance zone. After this, the price rebounded and made little correction, after which continued to move up inside pennant. BTC reached a resistance level, broke it, and rose to the resistance line of pennant pattern, but soon turned around and started to decline. It quickly fell to the trend line, breaking the resistance level, but recently started to grow. Now, I expect that BTCUSDT will exit from the pennant, break the resistance level, and then make a retest. Then I think the price can continue to move up, therefore I set my goal at 73000 points. If you like my analytics you may support me with your like/comment ❤️
#ALTCOINS Season is commingwe are in a strong resistance for #BTC_DOMINANCE so we have to expect reversal from here
& If this happened means.......
1. we are in #altcoins bottoms
2. #altcoins season is coming so soon
3.it is the right time to invest in #altcoins not #BTC
*********** This is my expectation for next weeks **********
******( MAY BE I AM COMLETELY WRONG, PLEASE DO YOUR OWN PLANS ) *******
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Mt. Gox Moves $2.2 Billion in Bitcoin Amid Repayment DelaysMt. Gox, the once-dominant but now-defunct Bitcoin exchange, made waves by transferring 32,371 CRYPTOCAP:BTC —valued at approximately $2.2 billion—to unmarked wallets. The timing of these movements is critical, given the already volatile landscape surrounding Bitcoin and ongoing uncertainties related to the upcoming U.S. presidential election.
Mt. Gox Transfers 32,371 BTC to Unmarked Wallets
Blockchain analytics firm Arkham reports that Mt. Gox has executed a massive transaction, moving 32,371 BTC to two unidentified wallet addresses. This event stands as the largest transfer from Mt. Gox in recent months. Specifically, 30,371 BTC went to a wallet labeled “1FG2C…Rveoy,” while the remaining 2,000 BTC was directed to a separate wallet named “1Jbez…LAPs6.” Additionally, an internal movement of 2,000 BTC between cold wallets suggests ongoing asset reorganization, likely in preparation for creditor repayments.
This is not the first time that Mt. Gox has moved funds, as smaller transfers were observed last week. However, this latest transfer's scale has piqued market watchers' interest, sparking questions about its timing and the potential impact on the Bitcoin market.
Repayment Delays Extended to 2025
The transfer comes on the heels of Mt. Gox announcing a delay in its repayment schedule. Initially set for October 31, 2024, the deadline has been postponed to October 31, 2025, following approval by a Japanese court. This extension gives the Mt. Gox Rehabilitation Trustee more time to sort out repayment plans, which many investors see as a temporary relief. However, there is lingering concern about the eventual release of a large volume of Bitcoin into the market, which could exert significant downward pressure on CRYPTOCAP:BTC prices if creditors decide to sell their holdings en masse.
Market analysts are wary of how these delays and large-scale transfers could impact the broader cryptocurrency ecosystem, especially as repayment announcements from Mt. Gox have historically triggered market volatility.
Market Reaction and Election Uncertainty
The market's response to Mt. Gox's Bitcoin movements has been mixed. Some investors fear that the impending distribution to creditors could lead to substantial sell-offs, pressuring Bitcoin's price downward. These concerns come amid broader geopolitical and economic uncertainty, compounded by fluctuations in the U.S. presidential race.
Bitcoin’s price has already experienced a 7% dip last week, largely attributed to uncertainties surrounding the U.S. election. Speculation is rife about potential regulatory changes, with some traders anxious about a Kamala Harris presidency, given her largely undefined stance on cryptocurrencies. Conversely, a more crypto-friendly administration could spur optimism among investors.
Technical Outlook
Despite these concerns, Bitcoin ( CRYPTOCAP:BTC ) has shown signs of resilience. As of now, BTC is trading up 1.53%, with an RSI of 54.82, signaling moderate bullish momentum. The daily price chart also indicates a bullish engulfing pattern forming, which is often a precursor to upward movement. Furthermore, a golden cross—a bullish technical signal where the 50-day moving average crosses above the 200-day moving average—is slowly materializing.
Bitcoin’s immediate support lies between the $64,000 to $65,000 pivot range, and a short-term correction could be on the horizon. However, we are eyeing a potential surge to $75,000, with optimistic projections even stretching to $100,000, assuming bullish catalysts materialize. These factors include institutional inflows, market sentiment shifts, and broader acceptance of Bitcoin as a store of value amid economic uncertainty.
What Lies Ahead
Bitcoin’s trajectory is shaped by both macroeconomic elements and crypto-specific news. The Mt. Gox repayment delay has provided a reprieve, albeit temporary, preventing a massive influx of CRYPTOCAP:BTC into the market. Additionally, geopolitical events, such as the U.S. presidential election and looming concerns about regulatory shifts, add layers of complexity to Bitcoin’s outlook.
Investors should also consider Bitcoin’s role as a hedge against inflation and geopolitical instability. As traditional markets brace for election-related volatility, Bitcoin’s status as "digital gold" may attract more attention, driving up prices. However, this is contingent upon market sentiment remaining favorable and no significant sell-off events—such as a large-scale release from Mt. Gox creditors—materializing.
Conclusion
Bitcoin’s road ahead is fraught with both challenges and opportunities. The Mt. Gox transfers and repayment delays have introduced another layer of complexity, while the upcoming U.S. presidential election adds to the uncertainty. Yet, technical indicators suggest that a bullish trend could be on the horizon, provided the market can weather short-term corrections and external shocks.
As always, the crypto landscape is ever-changing, requiring both patience and mental fortitude from investors. The coming weeks will be pivotal in determining Bitcoin’s trajectory, and all eyes will be on key resistance and support levels as the market digests these developments
Run it back turbo #Bitcoin CRYPTOCAP:BTC price action in 2024 is in some ways reminiscent of the 2016-2017 rally.
At that time, the price of #btc began to rise after the block reward halving in 2016 and peaked at the end of 2017.
Similarly, market expectations have risen again after the 2024 halving.
There is a similar momentum cyclically; prices tend to move upwards due to supply constraints and increased demand after the halving.