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BTC-D

10/28 Confirmed yearly bull flag. Overview : The AMEX:SPY closed the week lower, breaking a six-week winning streak that had started just before the first rate cut. NASDAQ:QQQ managed to stay green, hovering near an all-time high. Last week, the Fed reported 738,000 new home sales and 3.84 million existing home sales. Notably, while existing home sales are declining in a descending triangle pattern, new home sales have been forming an ascending triangle—signaling diverging trends in housing demand. The job market showed resilience, with jobless claims lower than the last two readings, indicating improvement. However, this job strength could complicate rate cuts since the Fed targets stable inflation around 2%. This week brings major data releases: Tuesday’s job openings, Wednesday’s Q3 GDP, and Thursday’s and Friday’s PCE, Core PCE, and the U.S. unemployment rate. Expect a quieter start to the week but brace for potential volatility in the latter half. According to the CME tool, the likelihood of no rate cut has dipped to 1.1%. This rate cut probability has fluctuated widely over the past two weeks, from 13% to 1%, making it crucial to understand how the CME calculates this metric: 1.Market Data: Fed Funds futures prices reflect market expectations for Fed rate changes. 2.Probability Calculation: The tool derives implied rate change probabilities from the difference between current rates and futures prices. 3.Assigning Probabilities: Each possible outcome—rate cut, hike, or no change—is assigned a probability based on the futures data. CME Group holds a key position in financial markets, having formed from the merger of major exchanges: the Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT), New York Mercantile Exchange (NYMEX), and Commodity Exchange, Inc. (COMEX). This vast network underscores why CME’s Fed tool is a pivotal reference for understanding rate expectations. In the crypto world, ETFs, especially those from BlackRock, have been on a BTC buying spree, significantly outpacing their usual purchase amounts four out of five trading days last week—continuing a pattern that began on October 14. Since then, BTC has climbed from the key level of $62.8k to around $69k, although other institutional players remain less active. This is reminiscent of BlackRock’s February buying spree, which saw BTC rise from $52 k to $61k in just two weeks, with BlackRock averaging $600 million in BTC purchases daily. We’re watching this as a potential signal, though no one’s showing similar interest in ETH ETFs, not even BlackRock, who seems to have stopped DCAing into it. BTC TA : W : The week ended with a small red candle, a relatively calm finish considering BTC is nearing $70k. Could this set us up for a breakout ahead of election results and potential rate cuts? D : Volatility hit hard last week, as anticipated. After a rally to $69k, Friday saw a dip, but big players defended the $66.5k level. Zooming out, BTC’s price rejected the upper bound of a year-long bullish flag, confirming the breakout on October 16 and reducing fake-out risks. However, there are currently no bullish divergences across MACD, RSI, CVD, or OBV. 4h : The recent triple divergence has been cleared, with no new divergences appearing. 1h : Overbought RSI and a shooting star at Monday's open signal a short-term correction, with support at $68.2k and $67.7k. Alts Relative to BTC : ETH remains in a consolidation phase, still far from breaking all-time highs like BTC. SOL has been tracking BTC's moves more closely, while NEAR is close to its yearly low of $3.8. Meanwhile, SUI, APT, and TAO saw 20%-30% corrections last week. Bull Case : We’re breaking out of a year-long bull flag, potentially en route to $100k, with BlackRock leading the charge. Trump appears likely to win, the CME tool shows only a 1% chance of no rate cut, and gold is on the rise. Unless gold crashes, BTC might hold steady. Bear Case : Is this just another bull trap set by market makers? Fear and Greed Index : 54 – Neutral. We may see a shift to greed if BTC breaks above $73k.
COINBASE:BTCUSDLong
by EvgenCapital
Bitcoin is mainting strong bullish momentumHey traders, BTC price was rejected from a major weekly level at 69566 and retraced back to another major level which is 67355 and consolidated building a strong market structure then the priced flactuated between minor levels up and down the 1H 66398 and 68844 where the actual price is stuck now during the Chicago and New York sessions. There is a high probability that the price could reach a main level which is the Weekly level of 69566 but be cautious the price might reject back and look for the daily level 67346. In case the price breaks the weekly level of 69566, should you wait for a pullback then long only for long positions targetting the 71591. Keep a close eye on the chart and happy trading!
Long
by YMtradingsystem
Bitcoin Eyes $75K as Double Bottom Pattern ConfirmsBitcoin ( CRYPTOCAP:BTC ) has recently formed a double bottom pattern on its price chart, confirming a significant reversal in trend and strengthening bullish sentiment among investors. The two base levels of this pattern correspond to $49,000 and $51,000, signaling a potential target of $75,000. This technical formation, resembling a "W," is often a precursor to substantial uptrends, giving further weight to the positive momentum building around BTC. Technical Analysis: Bullish Indicators Line Up for CRYPTOCAP:BTC The double bottom pattern on Bitcoin’s chart suggests that the asset has completed its downtrend, with the recent breakout above the previous peak indicating further upside potential. Currently trading at $69,000, CRYPTOCAP:BTC appears set for continued upward momentum. Beyond the double bottom, additional bullish patterns are forming: a “Three White Soldiers” candlestick formation, consisting of three consecutive bullish candlesticks, and the possible emergence of a golden cross, a pattern where the 50-day moving average crosses above the 200-day moving average. These indicators, when combined, paint a powerful picture of a market ready to climb higher. With the next resistance zone between $72,000 and $75,000, a push above this range could ignite a rally with a new target of $100,000. BTC’s movement above key moving averages and the clustering of bullish patterns provides robust technical evidence for this optimistic trajectory. Institutional Inflows and Rising Adoption Bitcoin’s technical setup is bolstered by strong fundamental support, especially with heightened interest from institutional investors. Over the past month, Bitcoin’s capital inflows surged by 3.3% to $21.8 billion, reflecting increased investor confidence. This influx has driven Bitcoin’s Realized Capitalization to a substantial $646 billion, signaling a shift in sentiment as institutional players show renewed interest in the crypto asset. Adding to the bullish momentum, Bitcoin spot ETFs saw a net inflow of $998 million from October 21 to October 25, with BlackRock’s IBIT leading with a massive $1.15 billion inflow. Although the ARK 21Shares ARKB ETF experienced a $206 million outflow, the overall demand for Bitcoin ETFs remains strong. By comparison, Ethereum spot ETFs reported a net inflow of $78.89 million during the same period, underscoring the sustained institutional focus on Bitcoin as a long-term investment vehicle. A Super Cycle in the Making? As adoption rates increase and Bitcoin’s narrative shifts towards becoming a global reserve asset, some analysts believe that BTC may be entering a “super cycle.” This concept suggests that Bitcoin could break free from its historical four-year cycles, moving toward more sustainable growth patterns that align with traditional financial assets. With adoption, institutional interest, and hash power surging, Bitcoin is gradually maturing into a critical component of the financial landscape. Conclusion Bitcoin’s recent double bottom pattern, combined with strong technical indicators and substantial fundamental support, points to an imminent rally. With BTC’s current trading levels and the critical $75,000 resistance in sight, a breakout could signal a larger upward movement, potentially reaching $100,000. As Bitcoin ( CRYPTOCAP:BTC ) moves closer to integrating with mainstream financial markets, the bullish sentiment appears well-founded, driven by both technical and fundamental indicators that suggest BTC’s next chapter could redefine its role in global finance.
Long
by DEXWireNews
ANALYSIS | Crypto by MARKET CAPAs of time of posting, according to a reliable website the top 10 cryptocurrencies by market cap are as follow: 1) Bitcoin / BYBIT:BTCUSDT 2) Ethereum / BINANCE:ETHUSDT 3) Tether / COINBASE:USDTUSD 4) Binance Coin / BINANCE:BNBUSDT 5) Solana / BINANCE:SOLUSDT 6) US Dollar Coin / KRAKEN:USDCUSD 7) XRP / BINANCE:XRPUSDT 8) Dogecoin / BINANCE:DOGEUSDT 9) Tron / BINANCE:TRXUSDT 10) Toncoin / OKX:TONUSDT 11) Cardano / BINANCE:ADAUSDT 12) Avalanche / BINANCE:AVAXUSDT You can find and track this easily by searching "Cryptocurrencies by market cap" or something in that line. On the charts you will see the king - Bitcoin, as well as TOTAL (total cryptocurrency market cap) which is currently at 2.28T, and at the bottom right TOTAL3 (total cryptocurrency market cap without BTC and ETH), currently at 6.19B. It's important to note that BTC determines the general direction of the altcoin market, but Cryptocurrencies do not necessarily move together with traditional assets such as stocks. That's why it's important to determine the macro trend before trying to analyze any individual coin. This is especially true for crypto's with a higher market cap. As you begin to look at altcoins that have smaller or micro market caps, they tend to dump/pump unexpectedly without moving together with BTC. You'll often notice that the top 5-8 alts have similar chart patterns to BTC. Although they do still move within their unique support/resistance zones, it's safe to say that when you see a H&S on Bitcoin, you'll probably see it on the large-cap coins as well. I will say this - it's not the case for XRP and ADA. (I'm surprised to see they still hold such high positions in the ranks and I have a hard time identifying the potential reason for this other than old bag-holders/cult following). With this info, you can conclude to a range of different outcomes, including but not limited to: 🥠 Using crypto as a hedge against traditional assets 🥠Using microcaps as a hedge against BTC 🥠 Microcaps carry more risk That all being said - trading is risky, and crypto particularly more so. Even hedging doesn't guarantee safety when it comes to crypto. ____________________________
by CryptoCheck-
BITCOIN - Price can bounce up to $72500, exiting from wedgeHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A few moments ago price entered to rising channel, where it at once fell to support line, breaking $57900 level. Then price in a short time ros to this level, broke it again, and made retest, after which continued to move up. Later BTC rose to $65900 level, turned around, and declined lower support line, thereby exiting from rising channel. After this, price continued to move up inside wedge, where it bounced from support line and rose to $65900 level. Soon, price broke this level, and rose to resistance line, after which made a correction and now continues to grow. In my mind, BTC can bounce up from support line to $72500, exiting from wedge pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
8
HelenP. I Bitcoin will exit from pennant and then continue riseHi folks today I'm prepared for you Bitcoin analytics. Some time ago, the price traded below support 2, which coincided with the support zone and soon broke this level. Then price tried to grow more, but failed and dropped to the trend line, breaking support 2 one more time. After this movement, the price entered the pennant, where it made at once a strong impulse up, breaking support 2 again. Then price continued to move up and later reached support 1. Price some time traded near this level, then broke it and some time traded inside one more support zone. Next, BTC little grew and then dropped below 1st support level, breaking it again, but soon turned around and backed up to the support zone (68200 - 67700). After this, the price bounced down to the trend line, after which turned around and rebounded up to the resistance line of the pennant and now trying to exit from this pattern. So, in my mind, BTCUSDT will exit from the pennant, make a retest, and continue to move up. That's why I set my goal at 71000 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
BTC/USDT weekly chart. The BTC/USDT weekly chart shows a potential flag pattern formation, which could signal a continuation of the previous bullish trend if BTC moves upwards. The price is consolidating within a descending parallel channel, which is typical for flag patterns after strong upward movements. This could signal a potential continuation if BTC breaks above the channel. The green area around $39,000 – $43,000 remains a crucial support level, providing a base to hold if BTC retreats. The yellow moving averages provide guidance and may align with BTC’s upward trend if it stays above the channel. If BTC successfully breaks above the upper boundary of the flag, it could resume its upward trajectory, potentially targeting the next resistance levels. However, if it fails to break out, a retreat to lower support levels is likely. 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
Long
by CryptoSanders9563
2
28/10/24 Weekly outlookLast weeks high: $69,526.58 Last weeks low: $65,268.55 Midpoint: $67,397.56 2021's ATH of $69,000 was once again broken last week, that makes it the 8th time this year BTC has broken through that level. Each and every time so far price has rejected off without price acceptance above it. We are now 7 days away from the US election, with Trump in the lead in the polls and Wall Street preparing for another Trump presidency I expect to see crypto start to push on after the 8 month chop. The plan for a Bitcoin strategic reserve and favourable law-making towards the crypto market is a positive. We also have the FTX distribution in 2 weeks, that's $16B coming back into the market, perhaps not all of it will stay in crypto but even if a portion of that remains that will be a significant boost to buyside pressure. All in all BTC is in good shape currently, I would like to see acceptance above the all important $69,000 level by the end of the week setting us up well for the US election. Obviously what happens there is unknown until we get the result and typically fear can be negative for the markets so maybe we don't see acceptance this week but I am confident that the R:R at current price looks good with many signals showing growth is likely going into the end of Q4.
by ProR35
Trading Signal For BTCUSDT Trading Setup: A Trading Signal is seen in the BTCUSDT Bitcoin (4h) Traders can open their Buy Trades NOW ⬆️Buy now or Buy on 66900.0 ⭕️SL @ 64600.0 🔵TP1 @ 73000.0 🔵TP2 @ 76990.0 🔵TP3 @ 80000.0 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
Long
by pullbacksignal
2
Why $POPCAT Could Be a Long-Term Contender in Solana BlockchainPopcat (SOL), a Solana-based meme coin, is grabbing attention within the crypto market due to its recent price performance, robust growth, and high trading activity. The meme coin, based on the widely popular Internet meme featuring the cat 'Oatmeal,' has gained traction with an impressive rise from $0.93 to $1.60, showing a 41% increase in the last 30 days. As of this writing, $POPCAT trades at $1.53, supported by a 24-hour trading volume of $87.2 million and a market cap of $1.4 billion. The Power of Solana’s Ecosystem The Solana blockchain is renowned for its fast, low-cost transactions, making it a fitting platform for meme coins and other highly traded assets. The network’s ecosystem has shown significant growth, with recent trading volume on Solana reaching $15.7 billion—nearly double Ethereum’s volume. Popcat (SOL), as part of the flourishing Solana ecosystem, benefits from the chain’s scalability and low transaction costs, which are crucial for meme coins that often experience high trading volumes and rapid transactions. Furthermore, Raydium, a Solana-based decentralized exchange (DEX), has been closing in on Ethereum’s Uniswap in terms of trading volume across multiple networks. Raydium's $9.7 billion volume against Uniswap's $11.1 billion underscores Solana's expanding influence in the decentralized finance (DeFi) space. For Popcat (SOL) and similar meme coins, these advancements in Solana’s infrastructure bring increased exposure, liquidity, and trading opportunities. Technical Analysis: Will $POPCAT Reach New Highs? Popcat (SOL) is currently positioned with a bullish outlook, reflecting a 13% increase over the past week and ranking 6th in market capitalization within CoinMarketCap’s meme coin sector. From a technical perspective, Popcat has consistently traded within a rising channel, indicating strong bullish momentum. The Relative Strength Index (RSI) sits at 60, a neutral yet bullish sign showing that while the coin is neither overbought nor oversold, there is room for continued upward momentum. The monthly price chart shows a falling wedge pattern—a bullish reversal indicator—that pushed Popcat to its current highs. With resistance anticipated at $1.80, the token could face a pullback to the support level around $1.39 if Bitcoin or Solana experience price fluctuations. This range-bound activity may offer new entry points for investors, potentially paving the way for further gains if buying sentiment remains strong. Given the market’s optimistic sentiment and potential catalysts on Solana, $POPCAT could soon aim for its all-time high (ATH) of $1.67, and possibly break through to $2. This forecast aligns with ongoing upgrades and developments within the Popcat (SOL) project, which could drive fresh interest and increased trading volume. Market Sentiment and the Meme Coin 'Super Cycle' A strong crypto market sentiment, particularly driven by Bitcoin's performance, could further amplify Popcat's price action. The expectation of a potential ‘meme coin super cycle’ in 2025 has prompted speculation around the coin's future potential. If these trends hold, Popcat's position within the meme coin ecosystem and its Solana backing could make it a significant player in the next cycle. Popcat’s Market Metrics and Growth Potential 1. Trading Volume: Popcat (SOL) has seen a 112.90% increase in 24-hour trading volume to $195,423,925, signaling strong market interest and activity. 2. All-Time High: The coin reached its ATH of $1.67 on October 24, 2024, making the current price 7.71% lower than this high. 3. Market Cap: With a market cap of $1.51 billion, Popcat ranks #61 on CoinGecko and #54 on Coinmarketcap , making it a notable player within the meme coin sector. 4. Price Performance: Over the past week, Popcat has outperformed both the global crypto market, which declined by 1.00%, and similar meme coins, which fell by 3.60%. Conclusion For those closely monitoring meme coins and Solana-based assets, Popcat (SOL) appears to present an appealing investment opportunity. Its recent price momentum, bolstered by a robust Solana network and high trading volume, positions $POPCAT well for potential growth. While short-term resistance may cause minor pullbacks, the broader outlook suggests further gains are achievable, particularly if Solana continues its ecosystem expansion. Whether $POPCAT can reach or exceed the $2 mark will depend on broader market movements, particularly those of Bitcoin and Solana, but its technical indicators and ecosystem support present a compelling case for growth.
RAYDIUM:POPCATSOL_FRHB8L.USDLong
by DEXWireNews
BITCOIN All indicators aligned for an incredible 12-month rallyBitcoin (BTCUSD) broke last week above its 7-month Bearish Megaphone pattern, which was essentially the pattern that absorbed via a relief pull-back the incredible rally that the market had since October 2023, fueled at large by the ETF speculation and then launch. ** Bearish Megaphones inside 7-year Channel Up ** This pattern is, as you can see, part of a greater 7-year Channel Up that encompasses the last two Cycles of BTC. Halfway through the 2018 - 2021 Cycle, the market also had a Bearish Megaphone, a little larger, lasting for 12 months before the price broke above it. ** The importance of the 1W MA50 ** That bullish break-out came when the price regained the 1W MA50 (blue trend-line) as Support and until the Cycle Top, it was never compromised again. In an amazing display of Cycle symmetry, Bitcoin is also being supported by the 1W MA50 right now (has been since the March 13 2023 weekly candle), in fact it was successfully tested and held 3 times since August 05 2024. ** MACD Bullish Cross ** The Megaphone break-out and the 1W MA50 support aren't the only bullish indicators that point to a heavy price increase next. Perhaps the most important of all is the (L) MACD Bullish Cross on, also on the 1W time-frame, the first such formation in a whole year (since October 23 2023). This is a huge development as it comes after 7 months of non-bullish price action, indicating a shift in trend. ** Can the top be at $200k or above? ** When all those indicators were aligned in mid 2020, BTC kick started the 2nd, final and most aggressive Rally of its Cycle. It was +65% stronger than the 1st Rally. As a result, we may experience in the next 12 months a rally of +615% (65% greater than the +373% 1st Rally). But if this seems too great without a catalyst like the ETF launch was in January, even if BTC replicates the bullish price action of November 2022 - March 2024, it will still hit the $200k mark. What history has shown at least, is that we can stay bullish, until a 1W candle closes below the 1W MA50, whether that's at 100k, 150k or 200k and above. So what do you think about this triple bullish combo? Is it enough to initiate a 12-month rally? And if so, what is your target? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
15
69.3-69.5K is a key to the next directionMorning folks, So, last time we said to not hurry up with the new long entry and then BTC has re-tested our 65.5K support area where we got nice long entry earlier. At first glance BTC looks nice bullish performance, but it is clearly slowing. D. Trump crypto programme has done its job and totally priced-in. Its impact is exhausting. If D. Trump will take the office we could get jump in a moment, but it mostly will be a psychological reaction. Now we would say that both directions have approx. similar chances. We have bullish and bearish patterns on different time scales. Thus, we suggest that 69.3-69.50K area will be the key to the next stop. Upside breakout will lead BTC to action above 70K+ while "222" Sell, if it will work, probably will trigger deeper downside retracement. So, make your bets with this issue in mind.
COINBASE:BTCUSD
by Sive-Morten
Bitcoin Predictions for 2025 & Beyond: Who’s Eyeing $1 Million?If one thing is certain on this earth, it’s that Bitcoin BTC/USD predictions are as volatile as the coin’s price. In this Idea, we’ve gathered some notable Bitcoin price predictions with their respective time stamps. Teaser: it’s a diverse set of characters ranging from bullish Wall Street pros and tech visionaries to some (permabear) economists and professors. Let’s check it out! Cathie Wood (ARK Invest) : $1 million Cathie Wood is no stranger to making waves with her predictions. The risk-taking tech investor has said Bitcoin could reach a jaw-dropping $1 million by 2030, offering the stereotype attributes of Bitcoin as a hedge against inflation and increasing institutional adoption. Wood's more optimistic projection sees it soaring as high as $1.5 million in the same timeframe. Michael Saylor (MicroStrategy CEO) : $1 million Michael Saylor, the ultimate Bitcoin maxi (borderline Bitcoin fanatic) who believes in total Bitcoin dominance , has been accumulating Bitcoin for his coin-hoarding company’s reserves and predicts it will eventually hit $1 million, emphasizing its superiority as a store of value compared to fiat currencies and gold. Chamath Palihapitiya (Venture Capitalist) : $1 million Chamath Palihapitiya has previously suggested Bitcoin could eventually hit $1 million, driven by macroeconomic instability and as a hedge against traditional financial systems. Robert Kiyosaki (Author of Rich Dad Poor Dad) : $500,000 Kiyosaki predicts Bitcoin could hit $500,000 by 2025 due to the collapse of fiat currencies and increasing inflation. Mike Novogratz (Galaxy Digital) : $500,000 Mike Novogratz is riding the bullish wave as well, predicting Bitcoin will hit $500,000 within the next three years. He believes this surge will be driven by Bitcoin's fixed amount of tokens (21 million) and growing adoption. Tyler and Cameron Winklevoss (Gemini Exchange Co-Founders) : $500,000 These crypto twins reiterate that Bitcoin could eventually reach $500,000 due to its potential to replace gold as a store of value. Tim Draper (Venture Capitalist) : $250,000 Tim Draper has long maintained a prediction that Bitcoin could hit $250,000 by 2024, citing broader acceptance and institutional adoption not just of Bitcoin but the broader crypto market . 🏢 Institutional Investors and Their BTC Targets Pantera Capital : $148,000 Crypto hedge fund Pantera Capital expects Bitcoin to rise to around $148,000 during the next four-year halving cycle (ending April 2028), based on historical trends. JPMorgan : $45,000 Taking a more conservative stance, investment banking giant JPMorgan JPM projects a price target of $45,000, provided Bitcoin continues to gain acceptance as a risk-adjusted alternative to gold XAU/USD . Standard Chartered : $120,000 Recently, UK-based bank Standard Chartered updated its forecast, predicting Bitcoin will rise to $120,000 by the end of 2024. Bernstein Research : $150,000 Research firm Bernstein Research predicts Bitcoin could hit $150,000, largely due to ETF demand and supply reductions following the 2024 halving . 🎢 Other Bitcoin Believers and Their BTC Targets Tom Lee (Fundstrat) : $180,000 Luke Broyles (Bitcoin advocate) : $3 million Raoul Pal (Real Vision CEO) : $1 million Adam Back (Blockstream CEO) : $500,000 Anthony Pompliano (Crypto Investor and Influencer) : $500,000 John McAfee (Programmer, Businessman) : $1 million Mark Yusko (Morgan Creek Capital) : $250,000 🚀 Bitcoin Maxis with No Price Targets Bill Miller (Billionaire Investor) Miller has stated that Bitcoin could go much higher, without a precise target. He supports the belief that it will outperform traditional financial assets over the long term. Paul Tudor Jones (Hedge Fund Manager) Jones has likened Bitcoin to an early investment in tech stocks like Apple AAPL , implying that it has significant potential for value increase. Stanley Druckenmiller (Billionaire Investor) Druckenmiller has suggested that Bitcoin could be a "store of value" better than gold and expects its price to rise dramatically. Jack Dorsey (CEO of Block, Co-Founder of Twitter) Dorsey, another devoted Bitcoin proponent, hasn’t given an exact price prediction but has expressed strong belief that Bitcoin will become the currency of the internet, suggesting a massive increase in value. 🧸 The Permabears: Those Who Want to See Bitcoin Burn Joseph Stiglitz - In contrast to the bullish predictions, Nobel Prize-winning Economist Stiglitz has argued that Bitcoin could be “worth just $100 by 2028.” Kenneth Rogoff - Harvard professor and former chief economist at the IMF, Rogoff claims Bitcoin is more likely to be worth $100 than $100,000 by 2028. Nouriel Roubini - An economist known for predicting the 2008 financial crisis, Roubini has harshly criticized Bitcoin as a bubble and a "scam." Bill Gates - The co-founder of Microsoft has expressed skepticism about Bitcoin and its ability to provide real value to the economy. Warren Buffett - The legendary investor has famously referred to Bitcoin as "rat poison squared," expressing concerns about its lack of intrinsic value and speculative bubble characteristics. Jamie Dimon - The CEO of JPMorgan Chase has repeatedly criticized Bitcoin, calling it a fraud and stating that it has no value. Peter Schiff - An outspoken critic of Bitcoin and a proponent of gold, Schiff argues that Bitcoin is a bubble and that it will eventually collapse in value. Larry Fink - The CEO of BlackRock has indicated he's no fan of Bitcoin, viewing it more as a speculative asset than a legitimate currency. More recently, after BlackRock launched the biggest spot Bitcoin ETF , Fink has warmed up to Bitcoin saying it’s a “legit financial instrument.” Now, over to you: What’s your take? Is Bitcoin on a rocket ship to $1 million, or are the critics right to be cautious? Drop your thoughts—and favorite Bitcoin predictions—in the comments below!
Editors' picks
BITSTAMP:BTCUSD
by TradingView
24
Bitcoin UpdateHey hey, Bitcoin finally managed to reach the top of the channel again and finally seems to have broken out of it. The weekly chart provides a better view since we've now had 2 weekly candlesticks close above the upper channel line. It's clear that price is now consolidating just below the $70k psychological barrier and it seems to be only a matter of time before we're slashing through and continue towards the ATH level. I have really started to like looking at the BTC ETF flow data to combine it with the technical view and again it adds up to a positive scenario. Net inflows have increased to a new ATH and have grown by 20% since my last update exactly a month ago in our community. The coming week will evolve around the elections and I don't expect a significant move until the election outome is clear. Overall, my picture is bullish but it comes down to the elections this 5th of nov.
COINBASE:BTCUSD
by newcapitalfx
BTCUSDT BREAKOUT OR REJECTION?🔹 Current Situation: Bitcoin is once again testing the top of its long-standing channel, currently around $69,000. Here are the two primary scenarios to monitor: 🔹 Bullish Breakout Path: If BTC successfully breaks through the channel top and clears the previous high of $69,600, it may initiate a move toward the $71,000–$72,000 zone. The expected sequence in this scenario is: Initial test of the $69,600 high Retest of the channel top as support Strong rally toward the $71,000–$72,000 target zone 🔹 Bearish Breakdown Path: On the downside, a break below $67,500 could signal weakness and shift momentum towards a deeper decline. In this case: First Target: $63,700 🔹 Divergences: Bearish divergences are forming across multiple timeframes, suggesting potential downside pressure if a breakout fails. Disclaimer: ⚠️ This is not financial advice! All information provided is for educational purposes only. Always conduct your own research before making any investment decisions. Trading carries a high risk and may result in the loss of capital.
INDEX:BTCUSD
by RhinoAkaBear
BITCOIN is the KING and upward movement is highly expected!Technical analysis and trade plan by Blaž Fabjan Support and Resistance Levels: Resistance Levels: 72,198.87 USDT 68,556.87 USDT 64,591.15 USDT Support Levels: 66,333.98 USDT 61,758.48 USDT 60,301.68 USDT 56,902.49 USDT The key levels indicate potential areas where price action could face resistance or find support, which might serve as entry or exit points. Indicators: Wave Cipher Divergences: Wave Cipher shows divergences suggesting a possible upward momentum. Positive divergences with green dots could imply bullish continuation. Relative Strength Index (RSI): RSI currently reads 55.19, indicating a neutral zone, leaning slightly bullish if it moves towards 60. This suggests Bitcoin isn't overbought or oversold and could continue a gradual trend. Stochastic Oscillator: The Stochastic shows a value around 70.52, close to the overbought region (above 80). If it breaks further upward, it may signal an overbought state, potentially leading to a correction. Hull Moving Average (HMA): HMA appears to trend slightly downwards, showing a bearish trend in the short term. The value of -6.58 indicates a bearish momentum, which may warn of a potential short-term pullback before any significant uptrend resumes. Price Action: The chart shows a potential breakout attempt around the 66,333.98 USDT level, where price action previously tested and retraced. A consolidation near this level could suggest that bulls are preparing for an upward push, especially if price breaks above 68,556.87 USDT. Volume Analysis: Volume shows a steady, moderate increase, supporting the upward trend. This moderate volume increase without large spikes could imply gradual accumulation rather than distribution. Trading Plan Long Position (Bullish Scenario) Entry: Consider entering a long position if the price breaks and holds above the 68,556.87 USDT resistance level with volume confirmation. Stop Loss: Set a stop loss slightly below the 66,333.98 USDT support level to mitigate risk in case of a false breakout. Targets: Target 1: 72,198.87 USDT — aligns with a strong resistance level and provides a conservative target. Target 2: 75,553.67 USDT — the next significant resistance level, offering a favorable risk-to-reward ratio. Short Position (Bearish Scenario) Entry: Consider shorting if the price fails to hold above 66,333.98 USDT and shows bearish confirmation, such as a breakdown with high volume. Stop Loss: Set a stop loss above 68,556.87 USDT to avoid risks from potential false breakdowns. Targets: Target 1: 61,758.48 USDT — a nearby support level that provides a logical take-profit point. Target 2: 60,301.68 USDT — serves as a secondary target if the bearish trend strengthens. Risk Management: Given the proximity to resistance and support levels, using a risk/reward ratio of 1:2 or higher is advisable to maintain favorable trade setups. Monitor Divergences: Keep an eye on divergences in the Wave Cipher, RSI, and Stochastic Oscillator for potential trend reversals or continuations. News and Market Sentiment: Be mindful of broader market sentiment and news events, as these can influence Bitcoin's price behavior, particularly near key levels. This trading plan provides a structured approach to capitalize on potential breakouts or breakdowns, balancing both bullish and bearish scenarios.
Long
by elfabiiani
1