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Stock Surge Leaving Bitcoin Behind? Stock Surge Leaving Bitcoin Behind? The longstanding correlation between the Nasdaq and Bitcoin took a hit today as the two markets diverged, signaling potential shifts in investor sentiment. This breakdown could be a precursor to broader market volatility, particularly as Nvidia prepares to release its much-anticipated earnings report tomorrow. Nvidia initially opened lower today but reversed course, closing up 1.6%. The stock has rallied nearly 10% in August, fueled by bullish commentary from customers who are continuing to invest heavily in data centers and Nvidia-based infrastructure. This optimism has set a high bar for tomorrow’s earnings. Bitcoin, meanwhile, is trading at $62,000, about 25% above its lowest point this month. However, the cryptocurrency is potentially facing stiff resistance at $65,000. This struggle at a key technical level could be a signal of waning risk appetite. The Federal Reserve’s potential rate cuts are also a double-edged sword for Bitcoin. While lower rates typically boost risk assets, there’s a growing concern that such a move could indicate deeper economic troubles ahead. On the bullish side, Paul Christopher, head of global investment strategy at Wells Fargo, recently likened the current market environment to 1995, when the S&P 500 soared to 77 all-time highs. If history repeats itself, stocks could be on the cusp of a rally not seen in nearly three decades.
BLACKBULL:BTCUSD
by BlackBull_Markets
BTCUSDT🔍 BTC/USDT Analysis: 1-Hour Timeframe 📉 The BTC/USDT chart on a 1-hour timeframe reveals significant upcoming dates where price movements may present trading opportunities. As always, it’s crucial to analyze these signals in conjunction with higher timeframes for a more comprehensive understanding of the market. • August 31, 2024, 16:00 - Red Line: This time marks a potential local peak. Traders might consider this as a moment to take profits or reduce exposure, as the price could encounter resistance or a downturn. • August 27, 2024, 22:00, and September 2, 2024, 07:00 - Green Lines: These times suggest potential local lows. Traders may find favorable conditions to accumulate BTC or consider entering long positions. When working within this 1-hour timeframe, remember that these movements should be evaluated with a global perspective, incorporating insights from higher timeframes to better understand the overall market trend. Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
INDEX:BTCUSDLong
by trushkovskiy
HelenP. I Bitcoin can fall to trend line and then rebound upHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price declined to the trend line, breaking support 2, but soon rebounded back and some time traded near this level. After a little time, BTC fell to the trend line again, after which turned around and started to grow to support 1, breaking one more time support 2. A short time later price reached support 1, which coincided with the support zone and broke this level, after which rose to 65000 points. Then price some time traded and later made a correction movement to the support zone and even now, BTC continues to trades in this area near the support level. So, in my mind, BTCUSDT will decline to the trend line, after which turn around and rebound up, higher than the support level. After this, the price can continue to grow, so, I set my goal at 64800 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
The Ultimate Guide to Buying BTC on Spot: Strategies for SuccessDelve into the world of Bitcoin trading with this in-depth guide to buying BTC on the spot market. We'll explore the best practices for purchasing Bitcoin, including tips on timing, market analysis, and risk management. Whether you're a long-term investor or a short-term trader, this guide will provide the insights needed to maximize your returns in the ever-evolving crypto landscape. Learn how to secure your position in Bitcoin, the world's most valuable cryptocurrency, and make informed decisions that align with your financial goals.
Long
by Darshana_Alwis
Crypto At A Crossroads: Is This Time Different?In this analysis we're going to take a look at TOTAL3, which is the total marketcap of crypto excluding BTC and ETH. In other words, all 'smaller' altcoins. As seen on the chart, the altcoin market has been in a dire state since the start of April, almost 5 months at this point. For now, the bearish channel pattern stays intact. I'm anticipating some kind of breakout in the near future, we simply can't trade within this pattern forever. Looking at recent history, the bears have the short-term overhand since we rejected the top resistance yet again. However, once a support/resistance is used too many times the market anticipates it and will trade against it. This means that bulls might wait for investors to short in huge numbers and start to buy and cause a minor short-squeeze. Personally, I'm leaning bullish. Alts have gotten a severe beating over the months and are currently looking quite attractive, especially with BTC trading around 63k and a very high BTC Dominance. For now, we're in a grey area. Wait until this pattern breaks for long-term entries.
CRYPTOCAP:TOTAL3Long
by FieryTrading
Bitcoin's Short-term Potential ScenariosBINANCE:BTCUSDT Bitcoin is currently trading at higher levels, and a price correction towards the $62,000 channel seems possible. This level acts as strong support, and if the price stabilizes within this range, there is potential for an upward move towards higher levels. After recent upward movements, Bitcoin has reached a higher price level, which might cause selling pressure and lead to a price correction. The $62,000 channel is recognized as an important support level. If the price returns to this level and finds support, it could indicate the sustainability of the uptrend. This level typically acts as a point where buyers re-enter the market, looking to buy at lower prices. Potential Scenarios: Correction Towards the $62,000 Channel Followed by an Upward Move: Further Explanation: In this scenario, the market might require a short-term correction after its recent upward movement to balance the buying and selling pressure. If Bitcoin corrects towards the $62,000 channel and finds support in this area, it suggests market strength, and the price may likely move towards higher targets such as $66,000 and $68,000. These levels act as potential resistances, and breaking through them could indicate the continuation of the uptrend. Continuation of the Upward Movement Without a Deep Correction: Further Explanation: In this case, Bitcoin might continue its upward movement without needing a deep correction to lower levels. This would indicate strong buyer interest and the market's willingness to maintain the uptrend. In this scenario, the market may quickly move towards higher targets like $66,000 and $68,000 without revisiting lower support levels. This market behavior could reflect traders' confidence and their willingness to buy at current price levels.
by MonoCoinSignal
1
26/08/24 Weekly outlookLast weeks high: $64,969.66 Last weeks low: $57,798.14 Midpoint: $61,383.90 Another week has passed in the crypto world and another week of Bitcoin recovery. Now hovering around $64,000 zone after a battle around the range Midpoint which was also the 4H 200EMA, BTC has flipped bullish on all major MA's and is looking to target the '21 ATH which has historically been the area where BTC has struggled in the last few months. With the US presidential election nearing and the FED rate cuts approaching even sooner, there are a lot of significant FA factors to consider. I think most people were under the impression that the ETF's and the halving would have more of an instant impact on price, we have seen a rally for the BTC ETF but that classic post halving boost has not yet panned out. It does have the feeling of all stars are aligning in the coming months to push through that ~$70k resistance and enter price discovery. Current sentiment is mostly pure boredom and that has lead to impulse moves in the past. For now I think the important places to look are in the altcoin space, having been decimated in the last few months now is a good time to seek out strong fundamental projects that are looking to lead the way for the next year or so. The altcoin season index is currently @ 22/100 indicating that the market is heavily Bitcoin dominated, suggesting that altcoins need to play catch-up and will outperform BTC by doing so.
by ProR35
Bitcoin Analysis==>> PumpingBitcoin began to pump after Jerome Powell's speech and the possibility of interest rate cuts . ⚠️First of all, I must say that we must always keep up with the news and new events in the market, and all the analyses will never be correct; otherwise, there is no need for capital management, so we should always follow capital⚠️ Bitcoin seems to have managed to break the Resistance zone ($58,500-$57,000) , 200_SMA(Daily) , and 50_SMA(Daily) . Regarding Classic Technical Analysis , the Bitcoin pump has invalidated the Rising Wedge pattern . The Rising Wedge pattern is a Reversal Pattern; if it Fails , it will become a Continuation Pattern . According to the theory of Elliott waves , Bitcoin seems to be completing the main wave 4 , and the structure of the main wave 4 can be a Contracting Triangle . I expect Bitcoin to rise to at least $65,000 after breaking the upper line of the Contracting Triangle . Note: Wave 4's structure is likely to change; overall, I expect the maximum correction or end of wave 4 to be at the Support zone. Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
28
Bitcoin - Will the rise of Bitcoin continue?!Bitcoin is above EMA50 and EMA200 in the 4H timeframe and is trading in its ascending channel The current price range will be very important in terms of determining the future direction of Bitcoin In case of risk off in the US stock market or capital withdrawal from Bitcoin ETFs today, after the bottom of the ascending channel breaks, we can see a downward trend In case of continued risk on in the US stock market or the entry of capital into ETFs, the path of climbing to the supply zone will be paved, and we will look for bitcoin sales positions in the supply zone It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important
COINBASE:BTCUSD
by Ali_PSND
$140K USD for Bitcoin in 2025!!! It appears as though Bitcoin is trading in a descending channel, with a potential breakout happen in the near term. BTC has tested the downward sloping resistance of a descending channel pattern multiple times, each time BTC is creating a lower high & a lower low, which is inherently bearish. The williams alligator is also displaying a bullish cross & the bands are widening in an upward direction, which is a bullish indicator. Bullish cross on the KST as well. I have placed upward arrows at each bullish cross in the recent past showing a direct correlation to upward price swings.
COINBASE:BTCUSD
by satoshi123
Beginning Of a New Trend?Bitcoin's price was trapped in a range between $57,700 and $62,000 for an extended period. This area acted as a consolidation zone, where price compression occurred. Eventually, the price spiked out of this range to the upside, which might indicate the beginning of a new trend. Key Levels: $62,000 Area: This level served as the ceiling of the previous range and is now considered potential support. $69,300 Area: Currently, there is no significant supply zone until this level. This suggests a lack of substantial obstacles in the way of price appreciation. Potential Scenarios: Movement Towards $69,300: If Bitcoin's price can stabilize above the $62,000 area, there's a possibility of moving towards $69,300. This move could signal the continuation of the upward trend and make reaching higher targets possible. Monitoring the $74,000 Area: If Bitcoin can surpass the $69,300 area, it is likely to move towards $74,000. This level is considered the final target, which, if broken, could lead to further strengthening of the upward trend.
by MonoCoinSignal
1
Bitcoin Roadmap!!!Bitcoin failed to break the Resistance zone ($58,500-$57,000) for the fifth time . It seems that important news is needed to break the resistance zone. According to the Elliott wave theory , Bitcoin seems to have succeeded in completing the main wave C with the Ending Diagonal Pattern . Also, we can see Regular Divergence(RD-) between Consecutive Peaks . Looking at the USDT.D% chart , we find that USDT.D% is in a symmetrical triangle . The main wave 4 can be completed in this triangle. I expect USDT.D% to pump after breaking the upper line of the symmetrical triangle, which will cause a correction in the Cryptocurrency market .👇 Another important chart that can help us analyze Bitcoin is the BTC.D% chart . BTC.D% is moving near the Heavy Resistance zone(60%-57.2%) and the Resistance line , and according to the theory of Elliott waves , it seems that it has completed the main wave 5 in the two-day time frame with the help of Ending Diagonal . So, we should expect a correction of BTC.D% , which means that if the cryptocurrency marketcap decreases, Bitcoin can fall more .👇 I expect Bitcoin to at least fill the CME Gap($55,880-$56,775) after breaking the lower line of the Ending Diagonal . Note: If Bitcoin goes over $63,000, we should wait for Bitcoin to pump to $65,000 (at least). Bitcoin Analyze (BTCUSDT), 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
72
Bitcoin Rallies as Fed Chair Jerome Powell Signals Rate CutsBitcoin’s price surged on Friday following a pivotal announcement from Federal Reserve Chairman Jerome Powell, signaling that interest rate cuts are on the horizon. The cryptocurrency market, which often reacts strongly to shifts in U.S. monetary policy, responded with a 1.8% rise in Bitcoin's price, pushing it to $61,500. At one point, Bitcoin even briefly surpassed the $62,000 mark, underscoring the market's sensitivity to macroeconomic signals. Fed's Rate Cut Signal Sparks Optimism in Crypto Markets During his keynote address at the Jackson Hole Economic Policy Symposium, Powell indicated that the time had come for the Federal Reserve to adjust its monetary policy. This statement has been widely interpreted as a clear signal that the Fed is preparing to cut interest rates in the near future. Powell emphasized that the "direction of travel is clear," and that the timing and magnitude of rate cuts will be data-dependent. The anticipation of rate cuts has fueled optimism across financial markets, particularly in risk-on assets like cryptocurrencies. Bitcoin ( CRYPTOCAP:BTC ), often seen as a hedge against inflation and economic instability, has historically benefited from lower interest rates, which reduce the cost of borrowing and encourage investment in alternative assets. Market Reactions: Bitcoin and Altcoins on the Rise In addition to Bitcoin's rise, other major cryptocurrencies also saw gains. Ethereum climbed 2.7% to $2,675, while Solana increased by 2.1% to $145. This broad-based rally highlights the positive sentiment permeating the crypto market as traders adjust their positions in anticipation of more favorable economic conditions. As of this writing, traders are placing a 67% probability on a 0.25% rate cut by the Fed in September, with a 32% chance of a more aggressive 0.50% cut. This shift in expectations has been driven by the Fed's assessment of cooling inflation, now at 2.9%, and rising concerns about labor market weakness, with unemployment creeping up to 4.3%. Technical Analysis: Bitcoin's Path Forward From a technical standpoint, Bitcoin's ( CRYPTOCAP:BTC ) recent price action reflects growing bullish momentum. The cryptocurrency has established key support at $60,000, a psychologically important level that has previously acted as both resistance and support. Should Bitcoin ( CRYPTOCAP:BTC ) maintain its upward trajectory, the next significant resistance level to watch is around $65,000. Bitcoin's Relative Strength Index (RSI), a momentum oscillator that measures the speed and change of price movements, currently sits near 60. This suggests that while Bitcoin is gaining strength, it is not yet in overbought territory, leaving room for further upward movement. Additionally, Bitcoin's trading volume has seen an uptick, indicating increased market participation and interest at current price levels. On the downside, traders should keep an eye on the $60,000 support level. A break below this level could signal a potential reversal, with the next major support around $58,000. However, given the current macroeconomic environment and the positive sentiment following Powell's remarks, the likelihood of a sustained downturn seems limited in the short term. Broader Implications: What Powell’s Statement Means for Bitcoin ( CRYPTOCAP:BTC ) Powell's comments come at a critical time for the Federal Reserve, which has been balancing the need to curb inflation against the risk of stifling economic growth. By signaling a move towards rate cuts, the Fed is acknowledging the need to support the economy amid rising concerns about employment and slowing growth. For Bitcoin ( CRYPTOCAP:BTC ) and the broader cryptocurrency market, this shift could herald a period of sustained bullishness. Lower interest rates typically lead to a weaker dollar, which can drive up demand for alternative stores of value like Bitcoin. Moreover, with borrowing costs set to decrease, investors may be more inclined to allocate capital to higher-risk, higher-reward assets like cryptocurrencies. Conclusion: Bitcoin’s Bullish Outlook In conclusion, Bitcoin's recent price surge is a direct response to growing expectations of imminent rate cuts by the Federal Reserve. With key technical indicators pointing to further upside potential and the macroeconomic environment turning more favorable, Bitcoin appears well-positioned to continue its rally. However, traders should remain vigilant, as market conditions can shift rapidly based on new economic data and developments in Fed policy. As we move closer to the Fed’s next meeting, all eyes will be on incoming economic data and further statements from Powell and other Fed officials. In the meantime, Bitcoin’s resilience and adaptability in the face of shifting monetary policy continue to make it a compelling asset for investors seeking both growth and diversification in their portfolios.
Long
by DEXWireNews