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Bitcoin’s Promising Outlook this week BTCUSDThe past week has been highly optimistic for cryptocurrencies after a prolonged period of uncertainty. Despite the high Producer Price Index (PPI) data, April’s low inflation report in the United States has given risk markets a much-needed boost. The fear of additional interest rate hikes by the Federal Reserve has subsided, allowing markets to breathe easier. Until the next Fed meeting on June 12, all eyes will be on employment and other economic indicators.
BINANCE:BTCUSDLong
by ShumbaFx07
Spot Bitcoin ETFs Rebound with $1.3B Inflows in May |BTC LONG...Bitcoin price fluctuations have directed significant attention from investors towards meme coins. The primary reason for this shift is the higher volatility exhibited by meme coins, attracting many new participants into the market through notable success stories. This pattern frequently leads to speculative price movements when Bitcoin prices surge. So, what’s the current status of prominent meme coins aside from Dogecoin? COINBASE:BTCUSD
BINANCE:BTCUSDLong
by ShumbaFx07
8
The first TP will be around 58,987, and the second TP is 64250.An interesting development is unfolding on the fifteen-minute timeframe in Bitcoin, indicating readiness for selling and shorting. Due to two candles forming around the $60,000 mark within a fifteen-and-a-half-hour timeframe, along with the formation of a head and shoulders pattern, if the price can break the trend line in the lower timeframe, we can expect the confirmation of the forming head and shoulders pattern and a slight price drop slightly below the Fibonacci 1.618 level at $58,987. However, the intriguing aspect is that since $58,987 is the last candle in the lower timeframe, and there's a candle at $64,250 in the half-hour and one-hour timeframe, there's a high probability that after reaching $58,987, the price drop will quickly reverse and move upwards, hitting the second TP at $64,250, before experiencing another price drop below $58,987.
by khosrooparviz
4
BTC Bitcoin Technical Analysis and Trade IdeaBitcoin is currently in a downtrend, which we can observe on the daily time frame. It has been forming a pattern of lower lows and lower highs. However, there’s an interesting development when we zoom in to the 30-minute time frame. On the daily chart, BTC retraced and moved away from an optimal entry point. But on the 30-minute chart, using the same strategy, we see a potential sell opportunity if price action aligns with what’s described in the video. In the video, we cover essential aspects of technical analysis, including trend analysis, price action, and market structure. Remember that trading involves risks, so always manage your risk carefully. This information is for educational purposes only and should not be considered financial advice. 📈👍
FOREXCOM:BTCUSDShort
by fxtraderanthony
BTC Bitcoin Technical Analysis and Trade IdeaRecently, BTC has experienced downward pressure. A bearish pattern is evident on the 4-hour chart. At present, it has traded into a key support zone and there’s a strong possibility we see it pullback into a resistance zone. The video discusses the prevailing trend, recent price movements, overall market structure, and presents several trading ideas for your consideration. Please remember, the content provided is solely for educational purposes and should not be taken as investment advice. Trading involves significant risk, highlighting the importance of consistently applying strong risk management strategies.
FOREXCOM:BTCUSD
by fxtraderanthony
3
BTC (Bitcoin vs US Dollar) :: Super Bullish Trend Soon !!!On the monthly time frame, the RSI pattern of 2017 is repeating, which led to a great bull run. I think it needs a monthly confirmation candle to close above the $75,000 price, in such a situation, a huge bull run in crypto could start. At that time, the peak of 2013, i.e. $1,200, was a monthly major pivot, which in 2017 needed to form a monthly bullish candle to confirm the upward passage. Currently, the 2021 peak of $69,000 is a major monthly pivot and a monthly bullish candlestick above $75,000 must be closed to confirm the breakout of the 2021 peak.
CRYPTO:BTCUSDLong
by abdulghafoorjhd
#BTC/USDT#BTC The price is moving in a cross channel on the 12-hour frame and sticking to it well The price rebounded well from the lower channel limit at the green support level 60,000 to 62,000 $ . We have a tendency to stabilize above the Moving Average 100 We are oversold on the RSI indicator and we have a downtrend that is expected to break higher to support the rise The recovery is expected to begin gradually on the first of May, especially after the halving event Entry price is 62,000 The first target is 67,800 Second target 73760 The third goal is 80,000 Fourth goal 85112
Long
by CryptoAnalystSignal
1
Bitcoin Post 4th Halving Price Prediction for 2024Hello my friends! I am back after a long break. Bitcoin has just experienced it's 4th halving event. I took it upon myself to look into past Bitcoin price movement patterns, looking into how Bitcoin's price reacted immediately after Bitcoin experienced a halving event. I'm primarily using a historical time-based analysis approach. Here are my findings: - Bitcoin's prices seem to hold for about 60 days, and then either pump or dump. - Bitcoin appears to experience its constant bullish price movements (bull run) 60 days immediately after each halving event. - Bitcoin appears to reach its final top 133 to 525 days after each halving event (average is 329 days). - Bitcoin appears to reach its top every 1162 to 1449 days each time it touches the upper trend line. - Bitcoin is currently in a major Cup and Handle pattern spanning from 8th of November 2021. We are currently in the 'Handle' phase. My Predictions: - I predict that Bitcoin will go down to 52000, and hover around 53K and 54K for the next 2 months (29th of April 2024, until the 4th of July 2024). - I believe we will promptly head back to 70K at around the 11th of July 2024 (± 5 days). - I predict that there will be a FOMO event once we break all-time-high (73K), and a major psychological FOMO event once we reach 100K as everyone tries to get their hands on some Bitcoin before it's price gains another significant figure for the first time since November 29th 2017 (9999 -> 10000). Entry and Exit Strategies: - I believe we will reach tops of anywhere between 160K to 185K sometime in December 2024, which will be the most ideal time to exit one's Bitcoin position. - Possible entry options are 52-58K , and 78K-88K (once we exist the Cup and Handle). - The least riskiest entry option is approximately 62 days from the 4th halving event, just as it's breaking upward past 57500. Don't forget, Patience is Paramount. Happy trading :)
BITSTAMP:BTCUSDLong
by PatienceIsParamount
BTC future? Store of value? Read and think about itMichael Saylor often says, " CRYPTOCAP:BTC is a store of value that you will pass to your kids." I will demystify CRYPTOCAP:BTC and share my long-term vision of what Bitcoin will become in the future. This is a philosophical perspective, so take it as such. Bitcoin is a digital asset, which means there is no cost to duplicating it. Like all digital assets, they eventually get cracked and revert to their real value, which is zero. Any physical object, on the other hand, has value derived from the cost of its production, including the labor involved. It is tangible and cannot be magically duplicated, making any physical object more valuable over time as most get lost, destroyed, or become rarer and more valuable. This is common to any item like books, music keyboards, game consoles, etc. Bitcoin compensates by having an encryption algorithm stronger than any music DRM protection, and its production cost is tied to the difficulty of mining. However, there are several problems with this concept: 1) All DRM and encryption get cracked eventually because technology evolves, and what seems impossible today may become feasible and straightforward tomorrow. 2) The cost of mining Bitcoin increases as its value does. But if the value does not increase sufficiently, it can become unprofitable to mine, and in that case, the entire network could disappear, become unsafe, or lose value. 3) Since it is a digital product, like MP3s, Bitcoin can be duplicated at no cost and has been many times. $ZCASH, NASDAQ:DASH , CRYPTOCAP:LTC , etc., are just copies of the Bitcoin source code with another name and a few modifications. Considering all this, the future of Bitcoin seems limited. Technology will eventually enable hacking of its blockchain, miners will one day become unprofitable and switch to another blockchain, etc. Is Bitcoin a store of value? Yes, it is now, but no, it will not be in the long term. The day Bitcoin is cracked, or when miners stop mining it en masse, that will be the end. All the value of Bitcoin will disappear. Bitcoin is the experimental first version of a cryptocurrency that works, but only that. Does this mean all crypto has no value? Of course not. A lot of innovation has been discovered; take ZK Layer technology, for instance. It manages the blockchain in a better way—cheaper, faster, and more anonymously than Bitcoin. The rise of Bitcoin will show what crypto is capable of, but something else will replace it and become the crypto used by people to buy things. Bitcoin will not replace gold; it is not digital gold. That is a marketing trap. Bitcoin is an experimental tool, the first fully working crypto payment system, but its future is to become obsolete and be replaced by more efficient solutions.
INDEX:BTCUSD
by CryptoNikkoid