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BTC/USD (Bitcoin) - 6 Month Uptrend Support Level Test - DailyBitcoin (BTC/USD) price has been downtrending inside a falling wedge pattern for the past 3 months. Price is currently below the 6 month uptrend support trendline, and is testing the $25000 zone. If the Bitcoin price closes and continues to fall below $25000, the 6 month uptrend could be at risk. The next one to two months of Bitcoin price action will likely determine if the uptrend continues or not. Support Price Levels above $25000 to $20000 must hold for the uptrend to continue in 2023. Support Price Levels: $25000, $23000, $21000, $20000. Resistance Price Levels: $27000, $28000, $29000, $30000. Weekly and Monthly consolidation of Bitcoin was likely due to negative catalysts such as: SEC and CFTC lawsuits against USA crypto exchanges, crypto regulation changes, inflation, decline of metals and commodities, low consumer sentiment, regional bank crisis, recession risk, etc.
BINANCE:BTCUSD
by NoFomoCharts
US CPI past trends and future forecasts.The cryptocurrency market has been quiet of late, with bitcoin continuing to oscillate in the $27,000 range since early June. According to The Block Research, bitcoin's annualized volatility is currently around 32%, a significant drop from its historical average of 71%, and is currently lower than even Meta and Amazon stock. Bitcoin bull market to start by end of Q3 Arthur Hayes, co-founder of BitMEX, wrote an article on the 2nd predicting that the real bitcoin bull market will start by the end of Q3 to early Q4 of this year, giving reasons why, contrary to traditional monetary theory, a rise in interest rates will lead to a rise in the volume of money and inflation, rather than a fall, due to current debt and production output conditions. Arthur Hayes believes that US inflation will bottom out and start to rise slowly, which means that the Fed will probably pause in June and then resume rate rises in July, with the policy rate likely to be close to 6% by the end of August, and that higher rates will increase the interest paid on RRP (reverse repo) and IORB (interest on reserves rate) balances, which in turn will increase the amount of money printed by the Fed: All these interest payments are in effect a stimulus package for the rich. What will rich asset holders do when they have more money than they need? They will buy risky assets, gold, bitcoin, AI tech stocks, etc. will all be the beneficiaries of this 'wealth' printed by the government and paid out in the form of interest. When the money printing machine starts working, bitcoin will boom! Bitcoin is estimated to rise above $70,000 next year Previously, Arthur Hayes made a specific prediction for the price of Bitcoin during his appearance on the Podcast show 'What Bitcoin Did' last week. He doesn't think Bitcoin will reach a record high of $70,000 this year, but it has a chance next year, but then it will top out in 2025 or 2026 due to the many risk factors surrounding the world: I don't think bitcoin can hit $70,000 this year, but it can next year, and then in 2025, 2026, the price will skyrocket, and then it's Armageddon.
BITFINEX:BTCUSD
by sooyeon520
BitcoinFor the first time in a long time, the price of Bitcoin has moved out of the channel range. In order for it to return to the channel, something significant and positive needs to happen in the market that would trigger a pump. Currently, we only see a potential interest rate increase, possible rise in the dollar index, and discussions about recession and ways to solve these issues. There is no talk yet about risk-on assets. These factors lead to the thought that there may be a final short squeeze before a downward movement or an immediate downward trend. If we look at previous summer months, they have often been associated with a decline. What are your thoughts on this?
INDEX:BTCUSD
by MarkMark1
BTC the most likely scenarios !BTC / USD Recently, BTC shows very little volatility Actually this always happens before a big move so be ready soon From my point of view BTC is likely to bounce from one of these structures in my chart : – Structure 1 : Triangle pattern price till now still holding above 27-26.5k local support which can make a bounce from current levels – Structure 2 : high TF support Price can drop to hit 24-25k which act as strong support in high time frames (my last analysis idea) – Structure 3 : CME gap CME gap is around 20k Which can be filled too Which structure do you think will happens and why Let me know in comments section below ⬇️
BITSTAMP:BTCUSD
by Babenski
84
Btc short to 12295 $ ( Daily chart )Hello guys.... 12k not Toch in before bullrun and The price of 12,000 dollars was touched only once in the last bull market and it is a very attractive price for whales. Note that too many untouched balances may have price reverting to them. This time, we may see very low prices before the halving of Bitcoin miners' rewards, and after a year or two after the halving, we will see the highest prices. Do you think the bat can catch the worm first or an eagle can have a wider choice between fish, rabbit and mouse. So some sellers may be hunted by eagles because the price of 12,000 dollars is more attractive! Always thinking like whales will increase the probability of success. So before the rewards are halved, we see a lowest price and the whales buy their currencies from the hasty people and sellers. I love you, be profitable and happy
BITSTAMP:BTCUSD
by LexOsay
3
Profit is still going on, join me and take you to make more mone BTC strategy analysis: After stepping back on the 27200 line in the short-term within 4 hours of the day, the BTC market fluctuated within a narrow range within a short period of time. The market was under pressure at night, and the BBI average pressure fell back. The third line of the KDJ indicator turned at the 20-axis golden cross. Continuous shrinkage, the short-term current market is slightly deviated, and the attached indicators show signs of rebound. The daily market K-line closed below the MA60 moving average support on May 8, and the K-line was under pressure below the MA60 moving average on May 9. Currently The market is showing a small negative K line, the K line is currently showing 4 consecutive negatives, the KDJ indicator diverges downwards, and the MACD indicator green entity kinetic energy column is heavy. From the daily line, there is a risk of further decline in the market. Pay attention to the support around 27000. The market breaks big Probability drops to support around 25500, it is recommended to focus on high altitude BTC: 28465--28755 Empty More than 26630--26358 ETH: 1888--1912 Empty 1788--1763 more Profit is still going on, join me and take you to make more money
BShort
by Prometheusinfinance
BTC USD FUNDAMENTAL ANALYSISBitcoin price recently decoupled from the stock market, as a result of which even the recent banking crisis held no bearish impact on the cryptocurrency. Now as the "Sell in May" trend comes back to life, it is likely that BTC might reap the benefits of a slow-growing stock market. "Sell in May" - Banks' collapse paves the way In the stock market, as April comes to an end, a common saying among investors comes back to life - "Sell in May and Go Away". The axiom is used to signal the beginning of the worst six months of the year for traders and investors. Due to the relatively terrible performance of the stock market, i.e., S&P 500 Index (SPX), "Sell in May" suggests simply ignoring the next six months and coming back again in October. While it may seem like another fad, the saying has historically been proven right. According to a report from Carson, on average, the May to October period has borne the least growth of 1.7% in comparison to other six-month combinations. But beyond an axiom, the stock market does have a lot to worry about as another bank just collapsed. The First Republic Bank, one of Unites States' 20 biggest banks, is going to be reportedly taken over by the Federal Deposit Insurance Corporation (FDIC) on April 28. The bank will be placed under imminent receivership as the FDIC said that there was "no more time" for a private sector rescue. Earlier this year, the Silicon Valley Bank, Silvergate Bank and Signature Bank failed as the entire US faced a banking crisis in Q1. The stock market bore the impacts of the same as within a month, SPX declined by nearly 344.63 points falling by 8.25%. Now as May begins following First Republic Banks' crisis, the Federal Reserve is also set to conduct its Federal Open Market Committee (FOMC) meeting on May 2 - 3. In this meeting, the next interest rate hike will take place, and the Fed is likely to increase the rates by 25 basis points (bps). The probability of the same is currently at 80%, rising from 75% that was observed a few days ago after reports of First Republic Bank being taken over by the US government first came to light. All these instances could have a bearish impact on the stock markets, translating into a bullish impact on Bitcoin price. Bitcoin price could rise Bitcoin price in the past has had a rather surprising reaction to not just the stock market decline but the banking crisis as well. While the banks collapsing in the first quarter of the year brought down the stock and crypto market collectively initially, BTC started rallying soon after and over the next ten days, the biggest cryptocurrency in the world shot up by 40%. This is because, towards the end of 2022, Bitcoin decoupled itself from the stock market and regained its "safe haven" status and "inflation hedge" label akin to Gold. Even this week, as the initial reports of First Republic Banks's failure arrived, BTC shot up by nearly 8%. Thus as the "Sell in May" trend takes shape and stock market performance remains sub-par, Bitcoin price will have room to welcome traders and investors from the stocks' world. Furthermore, Bitcoin supply profitability is still pretty low at 74%. While the profitability did increase over the last four months from 45% to a 12-month high, there is still room for growth before a market top is observed. Usually, when more than 95% of the supply becomes profitable, a market top is marked, which induces sell pressure. Until then, BTC is good to chart gains. Conclusion Looking at the broader market conditions, it does seem likely for Bitcoin price to observe some green candlesticks on the charts potentially. That is unless the alt season takes over and Bitcoin's dominance falls from the current 48.63% to less than 40%. At the same time, traders and investors should also watch out for the upcoming interest rate hike, as a more than 25 bps hike could cause a price crash.
BITSTAMP:BTCUSDLong
by thunderpips
BTC correction 200 weekly MA & H&SI was expecting more support at 28K for CRYPTOCAP:BTC   but so was the market. Stop losses would have been placed there and so Stop hunting… Regardless, the support targets in the tweet below remain valid if bitcoin  doesn’t bounce. Keep an eye on this larger H&S forming. From the top down, we have what may be a zigzag ABC correction. Wave A is complete or almost complete ( if it’s not complete then we go down more here) with the 5 waves down. We should see a wave B going up (3 wave formation) which would make up the right shoulder of the H&S, then another 5 waves down to complete the correction. The technical target for the H&S is the bottom of the green box and the target of the large rising wedge (see precious tweets) is the top of the green box and also approx the 200 weekly SMA.
Short
by BiloCrypto