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BTCUSD: An insane rally is starting courtesy of the USDT Dom.Bitcoin is rebounding today aggressively on the 1D MA50, being only neutral on its 1D technical outlook (RSI = 52.075, MACD = 23.455, ADX = 23.455), indicating that the upside potential is tremendous. One correlating asset in particular is showing that an insane rally is about to start, and that's the USDT Dominance. It is about to make a bearish reversal which on October 12th 2023, kickstarted the last strong rally of Bitcoin. We expect 100k to be met on this one. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
Bitcoin's Next Move: Bullish Continuation or Bearish Reversal?Hey, traders! Artem here with another Bitcoin update. Let's dive into the 4-hour chart and explore the recent price action to see what’s been happening since last week. Bitcoin has broken through key levels , hitting a new high of $66,566 last Friday , and this could signal a potential uptrend . But is it all bullish, or should we watch out for a reversal? On the chart, we’ve got a fresh Higher High (HH) at $66,566 and a Higher Low (HL) at $52,400 , which typically suggests bullish momentum. However, there's a Rising Wedge pattern forming , which is often a bearish signal . Bitcoin has broken out of the wedge, moving down from $66,000 and is now trading around $63,570 , near a key support level at $62,800 (marked in blue). If this support holds, we could see some sideways movement followed by an upward continuation. But if the selling pressure continues and $62,800 fails, we might see a further decline toward $60,848 , with $61,824 (marked in red) as a critical level to watch. What’s your take on Bitcoin this week? Are we going long or short? Share your opinion in the comments – I’d love to hear your strategy! If you found this analysis helpful, don’t forget to like and follow for more market updates. Let's see where Bitcoin takes us next!
BITSTAMP:BTCUSD
by ArShevelev
14
Will Bitcoin reach 58,000?The 60,000 range is a good support for Bitcoin to go back up. If the price moves up from this area, it is likely that the Sharpe growth is expected by the market. But we have another important support in the range of 58000, which reaches the trend curve at the same time. In this area, we reach oversold in the daily time, which increases the desire to buy bits. In case of failure of this support, we have another support in the range of 54,000, which we reach by breaking the trend curve. By hitting that area, we can expect the price to return and a pullback to the broken trend curve. After that, we should see the price correction in the weekly time and reach the price range of 40,000. Conclusion: The most important current support area is the 58,000 range, where we expect a return. Have your say on the price future. In the following, you can see the link of past analyzes and their detailed results.
INDEX:BTCUSD
by Rezaei0013
10/3 Bye Bye cryptoOverview: Unemployment dropped to 4.1%, slightly lower than the expected 4.2%. September’s jobs report revealed a 254k increase in hiring, well above the forecasted 150k. This means there's now a reduced chance of a double basis point rate cut in November, which is bad news for risk-on assets like crypto. The CME tool now shows a 92.5% chance for a single basis point rate cut, up from 47% just a week ago. Next week, CPI and PPI reports will be released, which will be crucial for gauging inflation. Meanwhile, BlackRock continues its dollar-cost averaging into both BTC and ETH ETFs, while others are either selling or staying on the sidelines. Fun fact: at 8:30 a.m. Eastern, an interesting event occurred. Someone placed a market buy order for BTC, causing a 0.38% price spike. The volume for that minute was 196 Bitcoin, worth around $12 million at a price of $61.5k. Since the candle was green, it suggests more than 50% of that volume was buying pressure. Did someone purchase $7 million worth of Bitcoin? While that large order initially triggered a brief buying spree, just an hour later, the price began to dump. This shows either whales aren't fully in control of the market, or $7 million isn't enough to sway it for long. BTC TA: W: BTC remains steady at the same weekly level, with no significant movement. D: Similarly, daily price levels remain stagnant. 4h: MACD and RSI continue to climb from the bottom, indicating potential for further bullish movement. However, the overall market sentiment, driven by geopolitical and economic news, may hamper this upward trajectory. 1h: BTC has seemingly found support between $61.9k and $60.1k. However, the chances of an upward breakout appear slim given the macroeconomic conditions. Altcoins Relative to BTC: Yesterday, we suggested shorting SUI, which proceeded to collapse 13%. Bull Case: BTC bounces off its current support level and recovers to $63k. Bear Case: Economic data may reveal that inflation is here to stay, and the Fed won't cut rates as quickly as the market hoped. Even when the rate cut comes, it could take months for the economy to adjust. Additionally, the Global Liquidity Index continues to decline despite rate cuts from both the U.S. and China. Fear and Greed Index: 36.11 – Fear. When this indicator moves into fear territory, we often recommend buying blue-chip altcoins, even for short-term traders. It's wise to keep a separate long-term investment account. Remember the saying: Be greedy when others are fearful. Prediction: BTC and the broader crypto market may continue to decline.
COINBASE:BTCUSDShort
by EvgenCapital
BITCOIN - Price can continue to move down to support levelHi guys, this is my overview for BTCSDUT, feel free to check it and write your feedback in comments👊 Some time ago price entered to falling channel, where it declined to support line, breaking $63900 level. BTC rose to resistance line and bounced down, breaking $57200 level, but then price started to grow in another channel. In rising channel, BTC broke $57200 level and later rose to resistance line, which coincided with $63900 level. Price made a little gap, and even later rose higher than $63900 level, but soon turned around and started to decline. In a short time, BTC exited from rising channel, broke $63900 level, and continued to move down close resistance line. I think that price can make small movement up and then continue to decline, between resistance line, to $57200 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
4
BITCOIN Cup and Handle on full motion looking for the break-out.Bitcoin's (BTCUSD) full Cycle since the November 2021 High can be illustrated as nothing more than a Cup and Handle (C&H) pattern with the Channel Down since March 2024 being the Handle of the formation. Simple yet a technical reality, the Handle found support both in early August and September on the 1W MA50 (blue trend-line), keeping the bullish trend valid. In fact, the 1D MA200 (red trend-line) and the 1W MA50 have been the bottom formation zone during its previous 6-month consolidation in August - September 2023. All Bullish Legs since the November 2022 bottom have been within +90% and +100%. Even if the minimum (+91.68%) of the last rally is followed, we can expect Bitcoin to reach at least $94000 during that run by the end of the year. But what do you think? Will this Cycle-long Cup and Handle serve its purpose and break-out aggressively? 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
Bitcoin/USDT on 1-hour timeframe Binance. TA+Trade plan by B.F.Descending Channel Pattern: The price is trading within a descending channel. The upper boundary (resistance) and lower boundary (support) are clearly defined. Descending channels typically indicate a bearish trend, but if the price breaks out of the channel, it could signal a trend reversal. Possible Breakout to the Upside: The chart highlights the possibility of a breakout above the descending channel, supported by a bullish blue trendline. The breakout area is noted around the 61,758.48 USDT level. If the price moves past this level, it could lead to further upside momentum. Volume: Volume appears moderate, indicating that the market has yet to show a strong momentum surge. A breakout on higher volume would confirm the upside move. Indicators: VMC Cipher B Divergences: This indicator shows multiple green dots, suggesting bullish divergence and potential reversal. RSI (Relative Strength Index): The RSI is in neutral territory around 58.66, indicating no extreme overbought or oversold conditions. If it crosses above 60, it may confirm the bullish breakout. Stochastic Oscillator: The stochastic shows a bullish signal, with the %K line at 90.29 and the %D line at 88.42. However, it’s approaching overbought territory, suggesting caution as there could be short-term pullbacks. HMA Histogram: Shows a slight downtrend in the short term (negative values). If it turns positive, it could confirm the breakout move. Support and Resistance Levels: Resistance 1: 61,758.48 USDT (upper boundary of the channel and key breakout level). Resistance 2: 64,591.15 USDT (previous high, and next major resistance zone if the breakout happens). Support 1: 60,301.68 USDT (lower boundary of the channel). Support 2: 59,000 USDT (psychological support and lower range of the broader consolidation). Trading Plan: Long Position: Entry: Enter a long position if the price breaks and closes above 61,758.48 USDT with a confirmation candle (preferably on higher volume). Stop Loss: Set a stop loss below the descending channel or at the 60,301.68 USDT support level to limit downside risk. Take Profit: The initial target would be the next resistance at 64,591.15 USDT. Partial profits can be taken here, with further upside potential if momentum remains strong. Short Position (in case of failure to break out): Entry: If the price fails to break above 61,758.48 USDT and falls back into the channel, consider a short position targeting the support at 60,301.68 USDT. Stop Loss: Place a stop loss slightly above 61,758.48 USDT to protect against an unexpected breakout. Take Profit: Target the lower boundary of the channel and potentially below, near 59,000 USDT. Conclusion: The overall structure indicates a potential breakout from a descending channel. A confirmed breakout above 61,758.48 USDT could signal a bullish reversal and upside toward 64,591.15 USDT. However, if the price fails to break out, it may continue to trade within the channel, offering short-term trading opportunities. Monitoring volume and key levels (especially 61,758.48 USDT) will be crucial for confirming the next major move.
Long
by elfabiiani
1
Bitcoin scenarios updateDue to the supply of Bitcoin liquidity in the support area of ​​the previous day and the downward range within which it is located, we are still in the bearish market structure in the 4-hour and 1-hour time frames, and it is possible to enter a sell position with confirmation in the specified areas, and this confirmation can be taken in the time frame of 5 minutes with the formation of QM, but direct entry in this area is risky because we are being rejected from the 4-hour level.
Short
by MrHunterTradeInsight
1
BTC/USDT 50MA CHART ANALIYSIS !The BTC/USDT 1-day chart shows a crucial confluence area, with the 50-day moving average (5OMA) acting as support. Here is a detailed analysis: The resistance area is a strong horizontal resistance area marked in red between $66,000 and $72,000. This area has historically been a supply zone where sellers emerge. Bitcoin is currently holding above the 50-day moving average (red line). This level is important because traders often use it as a key dynamic support or resistance point. The chart has a green arrow pointing to a potential upside move. If Bitcoin can maintain support above the 50-day moving average and break the descending resistance (white trendline), it could challenge the $66,000-$68,000 area. Failing to sustain above the 50-day moving average could push the price towards the lower green trendline, around the $55,000-$58,000 area, which acts as a broad support zone. Bitcoin is in a crucial range, with bullish potential if it breaks above the descending trendline and crosses the $66,000-$72,000 resistance zone. However, a breakdown below the 50-day moving average could trigger further declines. 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 altcoin. @Peter_CSAdmin
Long
by CryptoSanders9563
BTC: I think it'll go to 58KIf the break out from this bull flag will happen in this month I expect a retracement to the middle fo the flag (more or less 58K or a bit lower) and then a pump toward the break out. DXY is going up but so BTC.D as you can see here: I always expected BTC dominance to reach 60%, this could in part lead to BTC price going up as I don't think all the money would flow into fiat or stablecoins. However if we remain on BTC chart analysis on 4h there is a bullish DIV on RSI and a hidden bullish DIV on OBV. Moreover with the weekly shaping this way it's really unlikely we'll see a green candle this week, so plenty of time to make a new local low. Take the occasion to buy the alts you think are interesting and with good potential. Good luck.
Short
by Shotokhan
5
Bitcoin Roadmap!!!==>>Short termAfter the tension between Iran and Israel , Bitcoin started to fall and once again fell below 21_SMA(Weekly) and 200_SMA(Daily) . In previous posts , I warned you about the fall of Bitcoin , and I hope it was useful. Bitcoin is currently approaching the Resistance zone($62,860-$62,110) and 21_SMA(Weekly) . According to Elliott's wave theory , Bitcoin is completing wave 4 . The main wave 4 structure is most likely a Zigzag Correction(ABC/5-3-5) . If Bitcoin breaks the support lines , we can confirm the end of wave 4 . I expect Bitcoin to break down to at least the Support zone($60,000-$59,100) in the coming hours. Fundamental analysis : On-chain data shows that the number of active Bitcoin addresses has recently dropped sharply . This decrease started in March 2024 and is the biggest drop since 2021 . This trend could be a bearish sign for Bitcoin . ⚠️Note: If Bitcoin can break the Resistance zone($62,860-$62,110) and go above $63,460, we should wait for Bitcoin to rise again.⚠️ ⚠️ Note: Tensions between Iran and Israel can still have an impact on Bitcoin and other assets. If Israel wants to react to Iran's attacks, we should expect a further drop in Bitcoin, so in these days, more than ever, observe capital management.⚠️ What is your idea about Bitcoin, more dump or, again, pump❗️❓ Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. 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
11
BTC BULL to $101k - $125kIf the Bearish chart of Bitcoin won't play out, this is the bullish possibilities. It does look like we will go up. Indicators on Daily timeframe just reset indicating bullishness. Altcoins look very bullish and are ready for another 100% leg up or even bigger run this time. Th only thing that doesn't let me freely believe this bullish chart is that BTC have not crashed yet and usually it does crash before thee big run, but this cycle is already different having new ATH before the halving which did not happen previously.
Long
by Achilly