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MicroStrategy Acquires 55,500 BTC More Amidst Market Intrigue MicroStrategy, the leading corporate Bitcoin holder, has once again made headlines, acquiring an additional 55,500 BTC for a staggering $5.4 billion between November 18 and 24, 2024. This brings their total holdings to 386,700 BTC, purchased at an average of $56,761 per Bitcoin. As the fourth-largest Bitcoin holder globally, trailing only Satoshi Nakamoto, Binance, and BlackRock, MicroStrategy continues its unwavering commitment to its Bitcoin Strategy, a vision initiated by co-founder Michael Saylor in August 2020. Fundamental Analysis MicroStrategy’s strategic Bitcoin accumulation has solidified its position as a market leader in institutional crypto adoption. This most recent purchase represents a 35.2% quarter-to-date (QTD) and 59.3% year-to-date (YTD) BTC yield, outperforming most traditional financial assets. The market has responded favorably: - MSTR stock surged 6%, indicating investor confidence in the Bitcoin-centric approach. - The company briefly entered the top 100 publicly traded US companies**, showcasing its growing influence. - Speculation is rife regarding its potential inclusion in the **Nasdaq 100** during the annual re-ranking announcement on December 13. In comparison, MARA Holdings, the second-largest Bitcoin-holding public company, remains significantly behind, with only 33,875 BTC. MicroStrategy’s aggressive approach has redefined corporate investment strategies, further legitimizing Bitcoin’s role in financial portfolios. Speculations Around Satoshi Nakamoto Adding intrigue to Bitcoin’s narrative, researchers from BTCparser have unearthed a conspiracy theory involving wallets attributed to Satoshi Nakamoto. These wallets, inactive since 2010, allegedly began liquidating BTC in November 2019, selling $176 million worth in November 2024 alone. The theory speculates deliberate profit-taking while maintaining anonymity, fueling debates about Bitcoin’s creator’s involvement in the market. Technical Analysis At the time of writing, Bitcoin is trading 3 lower, consolidating within a falling trend channel. This phase may signify temporary weakness or a precursor to a significant breakout. Key technical insights: - Support Levels: Immediate support exists in the $90,500–$94,700 range, with $85,000 acting as a critical fallback if bearish momentum strengthens. - Resistance Levels: Breaking $100,000 could trigger a rally into uncharted territory, testing market resilience. Supply dynamics will likely determine if this milestone results in a price squeeze or continued upward momentum. - Indicators: Bitcoin’s RSI and moving averages suggest mixed signals, reflecting consolidation. However, the formation of a Falling wedge pattern hints at potential bullish reversal. If Bitcoin breaches $100,000, we predict a rapid ascent to $180,000, supported by increasing demand from institutions and retail investors alike. However, failure to hold key support levels could lead to corrections toward mid-$80,000, signaling potential accumulation opportunities for long-term holders. Market Outlook The intersection of MicroStrategy’s aggressive accumulation, evolving narratives around Satoshi Nakamoto, and Bitcoin’s technical positioning paints a compelling picture. While Bitcoin faces near-term volatility, the long-term trajectory remains bullish, with institutional adoption and mainstream interest fueling its rise. As Bitcoin flirts with the $100,000 milestone, the question is no longer if but when it will redefine its historic peak. Amid speculation and strategic accumulation, Bitcoin continues to solidify its status as the apex asset of the digital economy. Will Bitcoin reach $100,000 before year-end, or will resistance levels delay the inevitable? Stay tuned.
BINANCE:BTCUSDLong
by DEXWireNews
CYCLE 4 | SMA Golden Ratio [UPDATE]For those following along with this indicator, the current price action volatility has accelerated price to some interesting historic points. As discussed in prior post above, historically BTC has followed a trend of dropping to the lower SMA extension coloured line with each cycle with interesting multiple hits in establishing our 2021 technical cycle top. We have already tagged the gold line and currently approaching the 'Gray Line' which put in our prior cycles ATH. Will be interesting to see how BTC (buyers / sellers) handles this price level and the information this may provide on how useful this indicator may be this cycle....
BLong
by Brodie
Bitcoin Correction Started!?Bitcoin ( BINANCE:BTCUSDT ) started pumping again today with the help of the following two News : 1-Chinese Court Declares Bitcoin and Crypto Ownership Legal. 2-Trump Plans White House Crypto Advisor Role. These days, Bitcoin is more influenced by the news than before. Bitcoin managed to break the Important resistance lines with the help of the above news . Since Bitcoin does NOT have a previous price history at current prices , its analysis is associated with challenges, but I will try to analyze it for you with technical analysis tools and other parameters . Bitcoin reacted well to the new Potential Reversal Zone(PRZ) .But Bitcoin could not touch the magic number of $100,000 ; one of the reasons for not touching this number is many sell orders that were exactly on the number of $100,000. According to the Elliott wave theory , Bitcoin has entered five new impulsive waves after breaking the important resistance lines. It completed the main wave 5 . It seems that we can wait for Bitcoin correction waves . In terms of Classic Technical Analysi s, Bitcoin seems to be completing the Bump phase and entering the Run phase of the Bump-and-Run Top Pattern .👇 It also seems that USDT.D% ( CRYPTOCAP:USDT.D ) will have an upward trend , which can cause Bitcoin correction . I expect Bitcoin to attack the lower line of the ascending channel after approaching the Resistance zone($97,642-$97,180) . 🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏 ⚠️ Note: If Bitcoin goes above $98,700, we can expect it to touch $100,000. ⚠️ ⚠️ Note: Bitcoin can start to rise again from the lower line of the ascending channel. ⚠️ ⚠️ Note: We should expect a deeper correction if Bitcoin goes below the Support zone($95,600-$92,000) and breaks the lower line of the ascending channel ⚠️ Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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
114
BTCUSD rejected before $100k. Don't panicAt the start of this month, BTCUSD was sitting below $70k. Look where we are now. Lets see if BTCUSD will hold this 1H candle trendline. If we break below, we'll observe whether the top level of support from the last 2 weeks holds. If we don't succeed in holding the orange level, we can see BTCUSD come back down to 86k-93k and accumulate some more before coming back up to break 100k. & believe me when I say it, we are going to break 100k and more.
BITSTAMP:BTCUSDLong
by mascher7675
Bitcoin - Will Bitcoin stabilize above $100,000?!Bitcoin is above the EMA50 and EMA200 in the 4H time frame and is trading in its ascending channel. Risk On sentiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement. We will look for bitcoin selling positions in the range of the channel ceiling (weekly). Capital withdrawals from Bitcoin ETFs or risk OFF sentiment in the US stock market will pave the way for Bitcoin to decline. The break of the charted channel will pave the way down for Bitcoin. Bitcoin buying positions can be looked for in the two specified demand zones. 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. Michael Saylor, founder of MicroStrategy and a prominent Bitcoin advocate, is set to present a Bitcoin investment strategy to Microsoft’s board of directors next month. On November 19, Saylor announced that he would have three minutes to outline the investment plan to the board. This development follows Saylor’s headline-making proposal last month, where he offered to help Microsoft generate $1 trillion in revenue through a Bitcoin-based treasury strategy. In an October post on X, Saylor urged Satya Nadella to reach out if he wanted to secure the next trillion dollars for Microsoft’s shareholders. The proposal came after reports that Microsoft shareholders would vote on a proposal to consider Bitcoin as a reserve asset. However, the board of directors blocked the proposal. Nevertheless, market observers noted that major shareholders like Vanguard, BlackRock, State Street, and Fidelity will play a critical role in the company’s final decision. With $78 billion in cash reserves, Microsoft has made significant investments in companies such as Skype and OpenAI but has yet to allocate any funds to Bitcoin or related assets. Saylor argues that this approach is short-sighted and urges tech giants like Microsoft, Apple, and Google to consider Bitcoin as a superior alternative to cash reserves. According to Saylor, if Apple had invested $100 billion in Bitcoin, it could have grown to $500 billion, and the company would now have a $500 billion business growing at 20% annually. Last week, altcoin trading volumes surpassed $300 billion for the first time since 2021. Meanwhile, lawmakers in Pennsylvania have introduced a bill in the state’s House of Representatives that would allow the state treasury to allocate up to 10% of its funds to Bitcoin. If passed, the law would enable the Pennsylvania Treasurer to invest part of the state’s $9.7 billion general fund and its nearly $7 billion “rainy day” fund in Bitcoin. Bitcoin itself has surged past $99,000, marking its largest monthly candle in several years. So far, the cryptocurrency has recorded a 40.67% monthly gain. Donald Trump, the president-elect, has nominated Scott Bessent, a prominent hedge fund manager and cryptocurrency advocate, as the next Treasury Secretary. Bessent, founder of Key Square Group, is expected to play a pivotal role in shaping Trump’s economic policies and has supported the president-elect’s plan to establish a strategic Bitcoin reserve. Bessent’s nomination will require Senate confirmation. If approved, he will oversee the administration’s economic agenda, including tax reforms and cryptocurrency-related policies. His extensive experience in finance and investment is expected to influence the Treasury Department’s approach to emerging financial technologies. Google searches for Bitcoin have reached their highest level in a year. Meanwhile, Republican Senator Cynthia Lummis of Wyoming told CNBC, “The proposal I’ve put forward, and one that President Trump has discussed, involves creating a strategic Bitcoin reserve.” She added, “This digital asset acts like a gold standard, and a strategic Bitcoin reserve is a way to integrate it into our system.” She explained that the Federal Reserve’s 12 banks currently hold reserves that include gold certificates, which can be revalued at fair market value. Senator Lummis proposed converting these gold reserves to Bitcoin, thereby eliminating the need to print new dollars to establish this reserve.
COINBASE:BTCUSDShort
by Ali_PSND
BTC’s logarithmic bullflag targets on the monthly chart Shown here are the two bull flags that have formed since the last bull market top. Since this is on the logarithmic chart, there’s no guarantee that we can hit any of these breakout targets in the current bull market, however the smallest flags breakout target of around 199k has a much higher probability of being reached in the current bull market than the others. That being said, there is still a chance we could hit one of the 2 potential targets for the 2nd bigger flag, and even hit the highest target shown here as well which is a breakout target from a flag from 2 full bull markets ago that hasn’t yet hit its full target. Considering that logarithmic chart patterns from the higher time frames (monthly and higher) usually tend to take 2 bull markets to be reached so that does slightly raise the probability that we could hit that highest target this bull run as it is 2 bull runs after that flags breakout occurred. This probability is bolstered also by the fact that the bull flag prior to that one only took 2 bull rackets to reach its target as well.Whatever the outcome, I feel fairly confident that if not this bull run we should definitely be able to reach the 280k target by the next bull market and also very likely to reach the highest target by ext bull run as well since then it would be 3 full bull markets since that flag confirmed its breakout. Patterns worth keeping an eye on anyways regardless of how long it takes for them to reach their full targets. *not financial advice*
INDEX:BTCUSD
by DrDovetail
Bitcoin’s entire history is just a series of bullflag fractalsOn the entire bitcoin history index monthly logarithmic chart we can see how Bitcoin is nothing but bullflags. The second bullflag we broke up from took 2 bull runs to hit its full breakout target. The first one however because of how insanely long its pole is, has still yet to hit its full breakout target. It is now the 4th consecutive bull market since it broke out of the first flag though so perhaps it will reach that target this bull market, if not this market I’m confident the 1st flag will finally reach its full target next bull market. The second bull flag in the fractal series was able to hit its full target within 2 bull markets which is typically about the pace the huge macro patterns on the logarithmic chart tend to take. The other Flags since that second flag also are yet to hit their full targets but if the next flag in the series is also able to hit its full breakout target within a 2 bull market timeframe, the flags after it will also have to hit their targets as well on the way yo hitting that 3rd flags breakout target. We can see each flag seems to be getting progressively smaller as the fractal continues so odds are good the time it takes each flag to reach its full breakout target should also be getting progressively smaller as well so that would make sense. Anyways I just wanted to post a new version of the entire bitcoin history’s bullflag fractal so i could easily reference t and follow its progress for the current bull run *not financial advice*
INDEX:BTCUSD
by DrDovetail
An updated look at BTCUSD’s pi cycle If I was a betting man, it seems to me like the top white line of the pi cycle indicator (350ma) is very likely to reach the full breakout target price of the cup and handle pattern bitcoin has broken up from (at $133282) long before the lower yellow line of the pi cycle (111ma) has a chance to catch back up to it and cross above it for the pi cycle top. In fact I have a feeling we won’t even be close to the yellow one even being near the white line by the time the white line reaches that level, suggesting that we have far more upside left to go in this bull cycle. In the past most if not all pi cycle tops have happened after price action gets above the white line, so if that trend should continue we can look at whatever the white lines price action is and know theres a high probability that that means the top price bitcoin reaches this bull run wll be even higher. *not financial advice*
BITSTAMP:BTCUSDLong
by DrDovetail
BTC - Thank Me Later!Hello TradingView Family / Fellow Traders. This is Richard. 🗒 Do you remember this post from 2023? As mentioned back then, BTC was forming Pattern 4, which was activated after breaking above the falling green channel, leading to a surge of over 200%. So, according to the educational post, where are we now⁉️ 🔑A falling correction after a bullish impulse signals what? That’s right — we are now in the process of forming Pattern 1. For this pattern to be activated and the bullish continuation phase to begin, we need a weekly candle close above $70,000. Of course, in the meantime, as long as BTC is trading within the falling channel, it can still retest the lower bound before activating the phase. ❗️N.B. Always remember, nothing moves in a straight line, so we might see a correction (in the form of a higher low) along the way. 📉 Which scenario do you think is more likely to happen, and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! 🗒 All strategies are good, if managed properly! ~Rich
by TheSignalyst
55
Btc currently retesting top trendline of rising wedge/pennantIt now has 3 consecutive candles above the rising wedge on the daily chart. Should the retest maintain support the breakout target for the entire pennant is 117k. Should the top trendline of the wedge lose support the wedge could still potentially breakdown, in which case we could then see bitcoin correct further to try and fill this gap on the CME BItcon futures chart before resuming the uptrend —-> For now probability favors the break upward until we lose the top trendline of the wedge/pennant as support. Jim Cramer announcing he’s bullish on bitcoin could easily cause enough downside to change that probability though. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
Bitcoin’s CME futures gap gives a clue for the 1st big correctonAnytime you see a gap in price action like this they almost always get filled, and typically get filled sooner than later. So while there is a chance bitcoin could turn the current mild retracement into a deeper pullback that goes down to fill this gap, until the current support on btc is broken, which is the top trendline of the rising wedge it now currently has 3 consecutive daily candles above(not shown here), I think it’s more probable that bitcoin waits for a much more powerful resistance line that results in a much stronger rejection before it corrects back down far enough to fill this gap. If the current pullback doesn’t lead to the gap fill then my guess is once we retest the top green trendline of this group of channels: That this would be the perfect time to have our first significant correction of the current parabolic phase of the bull market. I will be prepared for either zone to have a chance to fill that gap and plan accordingly, Also a few measured move targets around the 115 - 116k range so a pullback could potentially occur around that zone as well. *not financial advice*
CME:BTC1!
by DrDovetail
BTC 100k is not enough- Believe it or not. - There's nothing at 100k. - the trend would not be respected. - i was here when BTC broke 10k$ for the first time. - At that time, most traders called for a top and scared. - BTC didn't care and went straight up to 20k$.. - i see only 3 Scenarios. 1 : Orange : BTC retrace soon, then it will delay time, then ATH will be 220-240k. 2 : Green : BTC goes to 150k, retrace to 161.8, and make a second Top around 220-240k. 3 : Red : BTC go straight to 150k$ then dip and struggle. ( i doubt on that way ). - As always, this only my humble prediction and opinion. - Everything can happens with FA. ( war, crises, stop internet.) - More it will take time, more up BTC will go. Stay S4fe Happy Tr4Ding !
COINBASE:BTCUSD
by thecryer
9
BTC The State NowHere’s a quick market update with a timeline and trend analysis : - As always, it’s as simple as checking the colors and trends in the graphic. - We’re currently in a phase of solid consolidation. - The bull run hasn’t started yet, but in time, BTC is expected to go parabolic, as it usually does. - The current cycle is taking longer to play out. - The differences between 2020 and 2024 corrections are clear. Back in 2020, BTC was still maturing, not widely accepted, and impacted by the Covid crisis. - In 2023, BTC has gained more recognition with ETFs, attracted wealthy investors, and is evolving into a true store of value. - For these reasons, TheKing may be retracing, but it’s doing so with power and resilience. - Everyone wants a piece of the cake, which is why Bitcoin's price remains elevated. Just HODL and you'll be rewarded in the long run. Happy Tr4Ding
COINBASE:BTCUSDLong
by thecryer
19
ATCryptoScan: Bitcoin Projections into 2025I know that there are many people out there projecting Bitcoin movements, and some are accurate, while others are, well..., less accurate. I think we need to learn and discern what is sound, what is probable and what should we follow. Here I present a continuation of the usual projections that I have been doing for bitcoin, and more, including market instruments, ETFs, and other charts. Firstly, this projection has always been a combination between technical indicators (such as candlesticks, moving averages, MACD and volume analysis, DeMark, etc.), geometrical patterns with support resistance levels, Fibonacci, as well as astrological energy patterns. Historically, earlier in 2024, 17 August was marked as the expected time to load up Bitcoin at 40K. While Bitcoin never reached 40K, the period (on hindsight) was about appropriate as BTCUSD consolidated strongly above 54K. Breakout signals started in September and October, Buy signals in late October. A couple of posts in simple pattern analysis was also shared previously, even as close as a week before the massive breakout came. So now, going forward, we need to relook into BTCUSD for when it would top out from this parabolic run, and to what retracement levels for out second bite at the cherry. Ok, I will walk through the step by step thought process so here goes the model building... The current spike rally is a little long in the teeth, if I may say so. BTCUSD has had amazing spikes and this is one of them for the history books. Meanwhile, I start with the weekly TD Sequential which is nicely completing a Perfected TD Sequential . What this means is that the Sequential Setup is completed with all the conditions required, and is ready for a retracement/trend change. With that possibility, a target point needs to be demarcated and this can be done in many ways... First up is a simple geometric measurement of the previous rallies. Since September, there has been two rallies of similar magnitude (x). The third rally did double the magnitude (2x) as denoted by the third blue (solid arrow). This arrow is left solid as it was part of the projection made previously. Clearly price overshot and went up much higher. Another magnitude (x) is marked by the dashed line blue arrow, and you can see that there was a stall about 94,500. And then the spike rally started yet again... This time, I am less expectant of a double magnitude (2x) rally. BTCUSD needs to end the rally on a flat note, and then retrace for the next larger wave. If it blows off the top then the downside would be more devastating. TD Sequential also has yet a lesser known, but very common and respected, rule that states it is possible to overextend for the range on the highest candle... marked by the blue box (daily) and the yellow box (weekly). Astrological energies "coincidenttally" pin 17 December as the time for a reversal. Furthermore, and oddly enough, in a retracement setting to rocket further/ Together with the weekly TD Sequential, there is a confluence at about 108K for BTCUSD topping out. This should bring us to the end of the year, maybe early next year. Now that models the topside. It needs to happen first, then the expected retracement can then be a realistic possibility. Rough modelling forward, if the topping out happens as expected, we should see a retracement to about 75K. This is a simple look at the respected and responded Fibonacci lines, noting that every 61.8% is a support bounce. So, for a probable longshot, 75K in Feb 2025 is targeted as the next point/level for accumulation.
BITSTAMP:BTCUSD
by Auguraltrader