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BTC Bounce from $58,000: Heading Towards ?I've been closely tracking Bitcoin's price action, and my latest analysis suggests that we may be witnessing a significant bounce from the $58,000 level, a strong support zone. After a recent dip, BTC is currently trading at $65,655, and based on key technical indicators, I expect it to rally toward $74,000 with a couple weeks. however It's only a matter of price breaking above the 67000k resistance level as shown on chart. So this is a key level to watch Key factors driving this prediction: Support at $58,000: This level has historically acted as a strong floor for Bitcoin, with previous bounces leading to upward moves to retest 63k +- 1000points resistance range. Volume and Momentum: Increasing trading volume and momentum indicators are pointing to a potential upward continuation. Moving Averages: BTC is currently holding above key moving averages, reinforcing the possibility of bullish momentum. Market Sentiment: With recent developments in the fundamental space, sentiment is leaning bullish, adding further conviction to the potential for this move. If this analysis plays out, we could see BTC pushing through resistance levels and reaching $74,000 in a couple weeks time frame ideally. Keep an eye on these key levels as the price action unfolds. MCG
by MiDAS_CryptoGroup
BTC Forecast 17-Sep-24Bitcoin Support & Resistance- 17-Sep-24 Further to my post last week 09-Sep-24 & on 03-Sep-24, BTC: 61000 The supports are working fine as proposed on 03-Sep-24 at 52650-52750 ( Previous Feb 24 high) and Fib Support 51750, further downside 44736 ( Fib support) to watch out. Supports provided with clear mark up in the chart. Currently BTC broke the SMA 50 and near 61000. The SMA 200 is at 61400 level and also Fib retracement 0.618 is scheduled at 61400 as shown in chart. If this resistance is crossed decisively, high likely BTC will inch towards the all time high 73750 levels.
INDEX:BTCUSD
by karthikss
Bitcoin: Long-term analysis & major levels to watch - PART 2So where to now for BTC? In my previous post I explained that BTC had hit a major Primeval Fib (2207 level fib), which had thrown it sideways for a couple of months. While it is entirely possible that BTC could fall back again (e.g. to US$58k support zone) or even further, I think this is relatively unlikely. The chart is bullish in my opinion and I think the white fib in this chart is a reasonable target at ~$82k. I would expect some sideways action to follow that, with possibly a drop to the 2207 Primeval Fib at ~US$70.5k. But even if this is the result, that doesn't exclude the possibility of a proper push up to US$84k, which is marked by another old Fib (see previous post). I hate looking far into the future as charts ALWAYS develop different to what we expect, but my "cross-fingers & closed-eyes Ultimate Best Case" scenario for 2024 is to see price action hit the next Primeval Fib (the 3571 level fib) at US$114k. If that happens consider stepping out for a while! I think a short to medium term bullish scenario (3 month timeframe) is supported by the BTC.D chart - which charts BTC market dominance (first chart below). This chart shows BTC dominance levelling off, which makes me think ALT coins are going to outperform. As we know, this typically happens towards the end of a BTC push to the upside. The second chart below shows the same pattern to the end of 2021, followed by a big drop in dominance over 2022, when ALT coins pumped. And that brings me to my second point for this post. Do NOT discount the real possibility that quality ALT coins will increase in dominance (and count in ICP!) over the next three months and hopefully the remainder of 2024! Happy trading!
INDEX:BTCUSDLong
by Fractaleer
BTC 1D Showing major red flagsHey how's everyone doing? It's been a while but I'm going to keep this explanation brief as the chart is self explanatory. This is one of the strongest indications I look for when trying to predict price drops. The way the MACD and RSI look together right now shows very strong potential for a sharp drop. Keep in mind that this is the daily timeframe so it the move may not necessarily play out overnight but it is possible. Even though it is the weekend, I do feel its one of those rare weekends where we can possible see price movement. I do think there's some potential for a move higher in the short term as I've indicated here on the 4H timeframe. As long as BTC is below the 0.786 level on the chart (70K) there is strong potential for a 15%+ move to the downside IMO. I'd look for potential support in the lower 50K area (54K +/- 2K) Another possibility to look out for is a quick sharp drop that plays out very fast (within a day) creating a quick wick / bullish hammer candle which would be a strong bullish indicator on the daily chart for upside continuation. The point is the possibility for the move down before upside continuation is very high. As I've mentioned, Invalidation point would be a move above 70K. That's all for now. Take care & Trade safe.
Short
by Mboersma0324
4
BUY MORE BITCOIN IN THIS RANGE NEW ATH IS COMING!!!HELLO TRADERS As i can see BTC is going to make a new ATH in this session before halving a massive volume and greed will create a new ATH in bitcoins Friends it's still cheap peoples who was noy buying from 17K now greedy for bitcoin BLACK ROCK and other ETF,s are converting their assets in BITCOIN buy more and join the train before its will too late BTC is ready to trade in 6 DIGIT sooner than expected.... there are many other things can move more higher price of BTC Greed is exceeding around the world Its just an trade idea share you thoughts with us STAY TUNED for more updates
COINBASE:BTCUSDLong
by APEX_TRADING_ACADMEY
BITCION RETACE TIME NOW !!! LETS SELL SOMEHELLO TRADERS As you can see BTC HIT ALL OUR GIIVEN TP IN PREVIOUS ANALSYSIS AN BOOST FROM 42k TO 57K DONE NOW EW HAVE TO WAIT and LOOKING for a retracement to a broken resistance which is a strong support now ahead at 60k there is A WEEKLY BASED STRONG RESISTENCE if markets tested otherwise 57k is also a level let's see what markets brings if you have any perditions or idea share with us in comment it help- many other traders stay tuned for more updates
BITSTAMP:BTCUSDShort
by APEX_TRADING_ACADMEY
1
BUY MORE BITCOIN !!!HELLO TRADERS BTCUSD is trading above the 50K$ which is sign just the continuation of the new bull run in the Crypto World Technology is going to change the World Ecosystem we are buying #BTC from since it was break 22K$ Zone and looking for new higher high in this year Friends this week FOMC meeting can create volatility in the markets so always try to get lower low entry for a new bull run its just starting BTC will hit 60k$ incoming days Friends its just an trade idea share your thoughts with we appreciate Ur love and support STAY TUNED for more updates
COINBASE:BTCUSDLong
by APEX_TRADING_ACADMEY
2
Bitcoin Halving's Impact AnalysisBitcoin Halving Cycles Performance (Pre/Post 1 year performance) Halving's Pre/Post year Performance: 1. 26th Nov 2012 - Pre 416% / Post 7715% 2. 9th July 2016 - Pre 110% / Post 283% (The full move including after the 24 month period was c.955%) 3. 11th May 2020 - Pre 76% / Post 423% 4. 27th April 2024 - Pre 50% / Post 200% Pre Summary (from H2) - 110% - 76% - 50% prediction (reducing by c.25% each halving). Post Summary (from H2) - 955% - 423% - 200% prediction (reduces by c. 50% each halving) You can see the pattern in the reduced returns in each halving. The pre halving returns typically reduce by 25% a halving and the post halving returns reduce by 100% per halving. We ignore the first having as it was exponential introductory growth of the asset. Important Dates are 27th April 2024 (halving date). Good place to skim or wait for a pullback). Also the date of 25th April 2025. This is a softer date, a take profit early date potentially, most cycles have ended in Q4 of the given year thus some chips should be left on the table post April 2025 depending on the continued performance up to that point. Always a pleasure, I hope its been insightful Puka
INDEX:BTCUSDLong
by PukaCharts
6
BTC Forecast BTC is having a good move but it is at a crucial resistance level now. IF BTC can break the 45K - 46800 zone then it will be unstoppable but if it is rejected from this zone then we will have 02 possible scenarios. 1- BTC will go down and take support of the 38000 - 37600 zone and will come back to break the resistance level of 45000 - 46800 and if succeeds then 51800 - 52800 will be the next level. 2 - If BTC is not able to hold 38000 - 37600 then it will go down up to 31800 -30800 and then the next move can be predicted.
by Hassanaskarisyed
Bitcoin 4HR Triple-Top! About to Reverse to $34,500?Bitcoin (BTC/USD) is testing the Weekly Bull Channel resistance and potentially forming a triple-top reversal pattern. If the price fails to hold above $38,000, we could be looking at a pullback to the 4HR 200EMA at $34,500. How do we trade this? We're in a bull channel, which means our bias should be to the upside. With the price levels being near the Weekly Bull Channel Resistance, that long bias has to be put on hold. RSI is around 63.00, and we may form a triple top. If that happens and we get a strong reversal signal bar and confirmation, a short to the $34,500 area is reasonable with a stop loss just above $38,000. Longing at this price ($37,200) would necessarily include a stop loss just below channel support at around $36,000. A proper take profit would be at the Weekly Bull Channel resistance of $38,000, leaving us with a 2:1 Risk/Reward ratio. This could be an ideal scalp if you reduce your max position size by half, but the probability of profit longing is not high enough given the close resistance. Key Points 1. Bitcoin is still in a Bull Channel. 2. Price is Near Weekly Bull Channel Resistance. 3. Potential Triple Top Forming. 4. RSI at 63.00, There's More Downside than Upside. 5. Wait for a Sell Signal to Short. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
INDEX:BTCUSDShort
by TraderEngineering
2