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$BTC Daily UpdateCRYPTOCAP:BTC #BTC Bullish engulfing was followed thru with a test on $92,786 resistance and breaking towards $95,878 resistance, beautiful resistance and support test on 4H at $95,878 resistance. $97,780 next resistance area, given resistance areas coming in effect nicely, beautiful bullish close on last 4h. Current support at $94,148. $92,786 key support here. Weak volume on current 4H, has plenty of time to recover bullish, let's see how it closes, current range $97,780-$92,786 for short term. Have posted more resistance areas on my Nov 12 post (linked to this post).
COINBASE:BTCUSD
by limitlessnash
Bitcoin ( btc )Btc usdt Daily analysis Time frame 4 hours Target 109.000 $ area Notice , 100.000 $ area is very very important price Maybe btc move up to 98 -99 and can't break the 100.000 $ and come down and rest and reserve energy with rectangle oe flag pattern or etc On the other hand btc will break the 100.000$ line strongly and fly to my target 112.000 $ area We must be patient and watch carefully on chart and listen to good or bad news about crypto to have a good profit
Long
by Habib-Tafazoli
4
Next target for Bitcoin BTC price is $110k but there is a nuanceCRYPTOCAP:BTC price has reached $90000 - this is something incredible, considering that just 8 years ago we were trading #BTCUSD for $900) X100 is easy money if you save it) And the coolest thing is that this is just the beginning) However, no one on our planet has yet canceled the effect of gravity so everything that takes off will be attracted to the ground OKX:BTCUSDT price needs a correction, at least to $77-78k. And even more so, this correction is needed for altcoins, so that the “fresh” capital that entered the cryptocurrency market through #Bitcoin CRYPTOCAP:ETH CRYPTOCAP:SOL CRYPTOCAP:DOGE CRYPTOCAP:TON can flow into low-cap #Altcoins It may hurt a little at first, but it will be pleasant later Use the correction period to monitor altcoins very closely to determine which ones are being redeemed, where there is strength and support, and the greatest chance of further growth Or follow us, we regularly give tips;)
by P_S_trade
2
Is Bitcoin the Next Golden Opportunity or Foolish Gamble?Bitcoin, the world's pioneering cryptocurrency, has once again defied expectations. Recently, it surged past the symbolic $90,000 mark, solidifying its position as the eighth-largest asset globally. This unprecedented rise has sparked intense debate among investors and analysts, with many wondering if Bitcoin could potentially reach the $100,000 milestone in November. The Factors Fueling Bitcoin's Rally Several factors have contributed to Bitcoin's meteoric rise: 1. Institutional Adoption: Major financial institutions and corporations are increasingly recognizing Bitcoin's potential as a valuable asset class. Companies like MicroStrategy and Tesla have invested heavily in Bitcoin, signaling a shift in mainstream perception. 2. Global Economic Uncertainty: As traditional economies grapple with inflation and geopolitical tensions, investors are seeking alternative assets to diversify their portfolios. Bitcoin, with its decentralized nature and limited supply, has emerged as an attractive option. 3. Network Upgrades: Bitcoin's underlying technology, the blockchain, has undergone significant upgrades, enhancing its scalability and security. These improvements have boosted investor confidence and paved the way for further growth. 4. Positive Regulatory Sentiment: While regulatory clarity remains a challenge in many jurisdictions, there have been positive developments, such as the recent approval of Bitcoin ETFs in the United States. These regulatory milestones have reduced uncertainty and encouraged institutional investment. The $100,000 Question: Is It Feasible? While Bitcoin's recent performance has been extraordinary, reaching the $100,000 mark in November is a lofty goal. Several factors could influence its trajectory: • Market Volatility: Bitcoin is known for its extreme price volatility. Sudden market corrections or negative news events could derail its upward momentum. • Regulatory Risks: Unfavorable regulatory policies or increased scrutiny from governments could dampen investor sentiment and impact Bitcoin's price. • Technical Challenges: Scalability issues and network congestion could hinder Bitcoin's adoption and limit its potential for growth. Is Now a Good Time to Buy Bitcoin? The decision to invest in Bitcoin is highly personal and depends on individual risk tolerance and financial goals. While the cryptocurrency's long-term potential is promising, it's essential to approach it with caution and consider the following: • Diversification: Bitcoin should be part of a diversified investment portfolio. Over-allocating to a single asset, especially one as volatile as Bitcoin, can expose investors to significant risk. • Time Horizon: Bitcoin is a long-term investment. Short-term price fluctuations should be ignored. • Risk Tolerance: Investors should only allocate capital to Bitcoin that they can afford to lose. • Research and Due Diligence: Before investing, it's crucial to conduct thorough research and understand the risks involved. Conclusion Bitcoin's recent surge has captured global attention and sparked a wave of excitement among investors. While the potential for further growth is undeniable, it's important to maintain a realistic perspective. The $100,000 milestone, while ambitious, is not entirely out of reach, but it will require a confluence of favorable factors. As always, investors should exercise prudence and make informed decisions based on their individual circumstances.
BITSTAMP:BTCUSD
by bryandowningqln
1
BITCOIN Weekly Chart Targets Massive $129,500!!BTCUSDT Analysis: The Bitcoin Weekly Chart is setting the stage for a monumental move with TP1 already achieved, and all eyes now on the higher targets. The final target of $129,582.3 suggests the potential for a historic rally as technical indicators and market sentiment align in favor of the bulls. BITCOIN Trade Overview: Entry: $67,957.6 Stop Loss (SL): $58,435.8 INDICATOR USED: Risological Swing Trader BITCOIN LONG TRADE TARGETS: TP1: $79,726.4 ✅ TP2: $98,769.9 TP3: $117,813.4 TP4: $129,582.3 Key Observations: Weekly Breakout: Bitcoin's weekly chart shows a significant breakout from key resistance levels, with strong momentum driving prices higher. Moving Averages Cross: A bullish cross of the moving averages underpins the ongoing rally, signaling sustained buyer strength. Market Sentiment: Bitcoin is riding a wave of positive sentiment, bolstered by institutional interest and increasing adoption narratives. BTC Outlook: Bitcoin’s momentum on the weekly timeframe suggests a continued rally towards TP2 and TP3, with the possibility of reaching TP4 under strong market conditions. Traders should monitor weekly closes to confirm the rally's sustainability, while maintaining risk management strategies. Conclusion: Bitcoin’s long-term technical setup is firing on all cylinders. With TP1 already hit, the path toward the final $129K target could unfold as momentum builds. This is a trade that will be remembered for years to come!
Long
by ProfitsNinja
BITCOIN Surges on 4H Chart – Is This the Trump Effect? BITCOIN (BTCUSDT) Analysis: Bitcoin (BTCUSD) has delivered a stellar performance on the 4-hour timeframe, breaking through key resistance levels and smashing all targets in a stunning rally. Powered by the Risological Swing Trader, this trade showcases how technical precision meets market momentum for outstanding results. Trade Summary: Entry: $78,291.3 Stop Loss (SL): $76,997.5 Targets Achieved: TP1: $79,890.4 ✅ TP2: $82,478.0 ✅ TP3: $85,065.6 ✅ TP4: $86,664.8 ✅ What’s Driving the Rally? Market Sentiment: Speculation on potential macroeconomic shifts and regulatory developments has contributed to Bitcoin’s renewed upward momentum. Is It the Trump Effect? Rumors linking political catalysts to financial markets have spurred speculation of increased demand for alternative assets like Bitcoin, further fueling its price surge. Technical Precision: The Risological Swing Trader’s signal at $78,291.3 gave traders the perfect entry, leveraging clear risk management with a favorable risk-reward ratio. Key Takeaways: Green Trendline Support: Bitcoin followed a steep upward trajectory, supported by the robust trendline. Volume Confirmation: Strong buying volumes confirmed the breakout, validating the upward movement. Momentum Continuation: Higher highs and consistent bullish candles signal a continuation of this rally. Conclusion: Bitcoin’s remarkable rally has hit all targets, with the Risological Swing Trader proving its reliability once again. Whether it’s market sentiment or political influences like the "Trump effect," BTC remains the center of attention. For traders and investors, the key is to ride the trend while keeping an eye on potential reversals. Namaste!
Long
by ProfitsNinja
BTC Daily Break Above Rising ResistanceBTC has managed to hold above a rising resistance that was currently dictating the price action. There are roughly two daily bars before we meet this trend again while being above it. The rising wedge broke to the upside, so my bias for this trade is long. RSI is 72 at time of publishing. Long targets are 77,800 first, and then 84,600. These is the 1.618 extension and the 2.618 extension of the previous high swing low. Not financial advice. Do your own DD. Thanks for reading the idea.
BITSTAMP:BTCUSDLong
by BallsOfSteel32
BITCOIN Short Trade Alert: Pullback Opportunity on 4H ChartBITCOIN (BTCUSD) Technical Analysis: Bitcoin's 4-hour timeframe is presenting a promising short trade opportunity. The chart signals a potential pullback after testing key resistance levels. This setup is particularly appealing for traders leveraging 5x to 10x positions. Trade Summary: Entry Point: $76,549.8 Stop Loss (SL): $76,885.1 Targets: TP1: $76,135.5 TP2: $75,465.0 TP3: $74,794.5 TP4: $74,380.2 Key Insights: Trendline Breach: BTC's price action is testing a steep upward trendline, hinting at a potential reversal. Momentum Shift: Weakening bullish momentum on the higher timeframe adds confidence to the short trade. Risk-Reward Balance: Tight stop loss above resistance ensures a favorable risk-to-reward ratio. Leverage Consideration: 5x Leverage: For risk-averse traders aiming for steady returns. 10x Leverage: Suitable for aggressive traders ready to maximize potential gains while managing risk. Recommendation: Execution: Enter short positions near the marked entry zone with targets aligned with the support levels. Stop Placement: Keep the stop loss firm above the $76,885.1 resistance level to avoid unnecessary risks. Trend Monitoring: Watch for sudden market sentiment changes that may invalidate the pullback. Conclusion: This Bitcoin short trade setup offers an excellent opportunity for traders looking to capitalize on a pullback scenario. Leverage wisely, adhere to risk management, and let the strategy play out for maximum gains.
Short
by ProfitsNinja
Bitcoin Approaching Key Resistance—Watch for Breakout / PullbackSince the last analysis, Bitcoin has respected the Crucial Support Zones and is now approaching a pivotal point at the Descending Resistance trendline. We’ve seen a bounce off the support zones, particularly the 1W BISI, which has held firm, and the next move will be decisive as BTC approaches the U.S. Election timeline in early November. Key Developments: Bitcoin is approaching the Descending Resistance, with a potential breakout signaling a move towards 76K and beyond. The 1W BISI (one-week bullish imbalance support) has acted as a strong foundation for this current price action, making the upcoming resistance test a crucial moment. The RSI is sitting comfortably above 55, showing momentum building up in favor of the bulls. Strategy Update: Swing Traders: Look for confirmation of the breakout above the descending resistance. If price holds and closes above this level, a run toward 76K and 80K becomes highly probable. Scalpers: Stay cautious around the resistance zone. If Bitcoin fails to break out convincingly, a short-term pullback to retest the 1W BISI could provide shorting opportunities. Key Levels: Resistance: The Descending Resistance trendline is your key point for watching breakout potential. If BTC breaches this level, expect a rally to 72K and 74K. Support: The 1W BISI and Crucial Support Zone 1 (around 64K) will act as strong support levels in case of any short-term corrections. ------ This setup remains crucial as the U.S. Election date approaches, a point that may trigger increased volatility across markets. Keep your risk management tight and stay flexible as the market prepares for its next major move.
by MadeByAK