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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
Predicting Bitcoin tops and bottoms using halving dates.I thought I will share with you what I found out. Apparently by measuring time from the halving you can more or less guess the bitcoin tops and bottoms and/or correction or dead cat bounce to safely sell what you got. This is not going to show you perfectly where to sell and where to buy but it is not for that, this is to help long term traders when to scale in and scale out of the market, regardless of the price. It can be hard, as you know everyone at the top screams for higher targets and at the bottom for lower. I hope this will help you out. And feel free to do a different measure of your own, Just put halving dates and start from there. Thanks!
BNC:BLXLong
by Pro2Drive
1
BTC/USDTThe current trend is upward, but we have three situations ahead of us 1- Orange channel: because it has hit the of top the channel, it is likely to correct and continue to the bottom of the channel, which can move to the range of 27k and then to 32.5k, which according to the head and shoulder pattern in RSI, this movement can be considered probable. 2- It can break the top of the channel and move towards higher targets (if it breaks the resistance of 32.5k, it can go up to 34.5k or if it cannot break the resistance of 32.5k and correct it) 3- It can descend from here and break the bottom of the channel and move towards 20k. But in case of decline, it will definitely be supported by ma100. And a very important point: At the moment, the dominance of Bitcoin has reached the top of its channel, if it goes down, it is in favor of altcoins, if it goes up, it is against them. My prediction is that Dominance will rise and Bitcoin will range so that altcoins will not suffer too much, in which case we will see an alt season similar to 2020 in the future after Dominance falls from the upper limits.
by mohsenomidy
Btc upward trend and patiently maintain The turmoil of Bitcoin is indeed a torture. Whether it is time or space, this is a long -term game. For those who see many people, they can only wait patiently for the second outbreak. It is recommended to buy this position at a price of 27,400, control the risk of 26,800 and the target 29200 ~ 31600 The picture above is the daily chart of Bitcoin Bitcoin bullish is based on the following points: 1. The current Bitcoin impact can be regarded as a short -term formed top, or it can be regarded as adjustment in upward. The difference between the two is whether the two can maintain 26500. 2. According to the research and judgment of my trading system, the current height of C Wave 1 continues. As long as there are still 26,500, the rise will continue. 3. The upper pressure is 29200 ~ 31600, and the lower support is 27300 ~ 26500. The transaction method is not complicated, just like building blocks, there is no complex structure and technology, but you need to spend a little time to ensure that each step is not wrong. Then continue to move forward. BITSTAMP:BTCUSD BINANCE:BTCUSDT COINBASE:BTCUSD
Long
by CheetahAttack
1
Bitcoin trend predictionHello to all, First of all, the market does not have a specific trend and we are definitely facing two possible market trends in the short term. The first path: increase in price to 28,850$ and then reach the price of 32,000$ and return to 28,850$ and then rise to 36,500$. The second path: price drop to 25,285. The important issue is that if any of these two paths are followed, eventually the market will move in the price range of 36,500$ to 25,285$ and this trend will continue until Monday, June 19. Market support will be 22,000$ if the price falls. Be happy and trade wisely! 😊
by Ra-Ro
Bitcoin - The consolidationIn this study, I take a close look at the Elliot Wave structure of the movement since March 10 to make sense of this crazy consolidation we have been witnessing since March 23, in the 4-hr chart, refining the wave count of the previous study. Currently sitting on the weekly pivot of $28k, I see a corrective wave structure that has developed, that not only includes two successive symmetric triangle formations, but both being part of a complex irregular Double Three (WXY) correction with a price target of c. $24k. Approximately a $14% correction from the current price. A break below the bottom of the triangle support line could be the trigger for a deeper drop. A confirmed break above the upper resistance line of the triangle will invalidate this scenario. What do you think? Will we see a breakdown towards $24k, or a continuation of the rally up over $30k?
Short
by Crypto-Swing
3