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Bitcoin $50,000 - $60,000. Next, Will It Be Worth $0...?Bitcoin did not fall on Friday, February 16, 2024, as expected from the Litecoin pattern, and looking at it from a different angle, I realized that the growth targets for Bitcoin are very close to their completion. Attempting to short it now seems like a mad idea since one could constantly hit stop losses all the way up to $60,000 per Bitcoin, and then, when the last short seller falls, the real drop will begin :) CRYPTOCAP:BTC #Bitcoin #BTC I enjoyed a video from YouTube and the meaning it conveyed: 🎥 From a video I watched today, here's the translation : • If you were analyzing Bitcoin as a new project, would you invest in it knowing that 15 out of 19 million coins in the market are held by major players? Imagine yourself as a miner in 2009 when the price of one Bitcoin was $1. In 2013, the price reached $1,000. Wouldn't you have sold? • Bitcoin has entered new growth cycles after each fall, meaning someone was buying the coin knowing it could be launched upward again and again, even when 99% were completely disillusioned. Who do you think was doing this on such a scale? Each time, revving up this train, where many passengers board, becomes more expensive (advertising, market making, social media warm-ups) = all this costs money. • Why do it? If they, and perhaps even we, had already had enough time to sell all our assets in the $40,000 - $60,000 range. Moreover, Bitcoin mining has already been banned in many countries, and more miners are realizing that this business is more like gambling. 🔍 What is Bitcoin today? A digital asset - technology changing people's lives or just a gamble and hope that every four years we will earn hundreds of percent in profit? In an era of energy crisis, we're spending thousands of kilowatts of electricity to mine blocks that were worth $5,000 yesterday and $48,500 today. 📊 What will happen after the Bitcoin crash? Bitcoin won't collapse in one day; it's a gradual process that no one should realize was a game with very few winners and many losers. There will be growth after the halving, but it will be insignificant, and then you'll see. 🌍 Two major Bitcoin mining pools : Are now concentrating about 27% of the hash rate each, meaning together, they control 54% of the Bitcoin network. They've also noticed ordinals and BRC-20 spamming Bitcoin = something it wasn't designed for. They're clogging the mempool during a bear market, so it's possible that Bitcoin Core will move to censor to officially sanction the creation of similar precedents, otherwise, during a bull market, this could significantly slow down Bitcoin transaction validation. Is Bitcoin really the most fundamental and reliable crypto asset? In conclusion , Bitcoin is no longer of interest to me. It's better to look for entry points in altcoins and wait for the alt season. In the next review, I'll analyze Bitcoin's dominance and where we might expect its dominance to decrease. Currently, I've bought Toncoin, which I believe has interesting potential for growth considering the army of users and future crypto users of Toncoin.
Long
by UnknownUnicorn285026
1
btceur bull market till May 2022 at 15000 on 10 week cyclesIf bitcoin will not break 65000 €uro ca $75000 in December then we are in bull market and following 5 cycles in 10 week periods till May 2022 will be selling cycles, Price will slowly fall up to 15000. Green arrows are the cycles when buying is profitable (except the unpredictable fluctuation in March 2021 the COVID panic month). Red are the 10 week periods when selling shorting is profitable Whole is n big parallel channel
by viparmenia
5
Bitcoin - We have not seen a capitulation yetAs fast as the odds of the bounce increased yesterday, they faltered right away after Bitcoin retraced below 31 411.48 USD. After that, Bitcoin erased most of its prior gains and halted a decline at 29 184.25 USD. Currently, it trades near the 26 600 USD price tag. We maintain our bearish stance and price target of 25 000 USD. The market sentiment and fundamental factors The retail sector exhibits exuberant bullishness as we continue to see an immense attempt of lay traders to call a bottom in the market. That suggests we have not seen a capitulation yet. Additionally, all this continues to occur despite persistent bearish fundamental factors like higher interest rates in the U.S. and economic tightening. Meanwhile, other problems for the cryptocurrency market also start to mount. The recent fallout with the Luna token will lead to stricter regulations in the cryptocurrency market, which will see many cryptocurrency projects disappear in the future. Further, the SEC launched a probe into Binance over its BNB token, which raises more uncertainty in an already uncertain market. These are just a few factors that we consider to support our bearish thesis. Illustration 1.01 The picture shows BTCUSD gaining market dominance since the start of 2022. That suggests that many smaller altcoins are left behind, and money flows into Bitcoin. Technical analysis - daily time frame RSI is bearish. MACD and Stochastic are neutral. DM+ and DM- performed bearish crossover. Overall, the daily time frame is bearish. Illustration 1.02 Illustration 1.02 shows the hourly chart and simple support/resistance levels. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
33
Life Changing Opportunity If This Plays OutMartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space. IF THIS PLAYS OUT THE LOWS IN ALTS ARE ALMOST IN Bitcoin and ALTs are trying to have a BIG move soon and we in CryptoCheck intend to be prepared for it $$$$$$ DO NOT BE LEFT BEHIND ------------------------------------------------------------------------------------------------------------------------------------------------------------ If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below ------------------------------------------------------------------------------------------------------------------------------------------------------------
INDEX:BTCUSDLong
by MartyBoots
26
Watch This For Bull MarketMartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space. This is how ALTs move into a BULL MARKET and we in CryptoCheck intend to be prepared for it $$$$$$ Understanding market structure is very important for the next bull market DO NOT BE LEFT BEHIND ------------------------------------------------------------------------------------------------------------------------------------------------------------ If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below ------------------------------------------------------------------------------------------------------------------------------------------------------------
BINANCE:EGLDUSDLong
by MartyBoots
2
Be Prepared For Bitcoin To Go PARABOLIC MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space. Bitcoin & ALT Coins are Setting up for a HUGE bounce and we in CryptoCheck intend to make lifechanging money ------------------------------------------------------------------------------------------------------------------------------------------------------------ If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below ------------------------------------------------------------------------------------------------------------------------------------------------------------
BINANCE:AAVEUSDLong
by MartyBoots
25
Bitcoin $190k Target MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space. Bitcoin & ALT Coins are Setting up for a HUGE bounce and we in CryptoCheck intend to make lifechanging money ------------------------------------------------------------------------------------------------------------------------------------------------------------ If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below ------------------------------------------------------------------------------------------------------------------------------------------------------------ Not saying there cant be dips but the longer term trend is saying we go UP
COINBASE:BTCUSDLong
by MartyBoots
79
< $20K BTC still possible. We're not out of the woods yet.I got rid of the noise by using Renko bars and saw a potential Bear Expanding Triangle in development. An Expanding Triangle is a pattern that starts with the price action squeezed tightly in the Apex (dotted blue line). There will be usually at least two swing highs and two swing lows in price. Overall volume usually diminishes as the pattern develops because traders become more and more unsure as to the market’s future direction. Also there may be several intermediate failed efforts to reach either the support or resistance as outlined by the triangle extensions. If the action creates a new bearish breakdown, typically the action will repeat the volatility experienced with the Pole creation (the vertical thick blue line). We also need to pay close attention to the volume after the breakdown to recognise further development for the pattern. Another breakdown downwards is possible. What do you think of this pattern?
Long
by unexpect-the-expected
2
BTCUSDT Just wait a 1 week👍❤✔🐱‍👓Just wait a week to see the bitcoin rise.👍👍👍👍👍👍 If Bitcoin is bad. Why do governments produce? Why do they do their best to give their national currency code to the market? Why do people not want to accept that they can get out of the domination of countries?✔✔✔✔✔✔ If you are skeptical of my analysis, you can view and learn from my past analysis of Bitcoin.👌👌👌👌👌👌 Governments and people who do not want people to be capitalists always play movies before bitcoin rises so that people can be sellers and buy whatever bitcoin is in the market.✌✌✌✌✌✌
Long
by ManochehrAzar