BTC REACHING LOWER HIGH BEFORE DIVINGYesterday we almost nailed to movement, to one key level too low, but globally to trend was good.
Now it is bouncing on the old key level of a few days ago and it has to go up after retesting that.
After this light blue pattern it should dive once and for all from 63640
Btcusdanalysis
Will History Repeat? Bitcoin’s October Rally Incoming?#Bitcoin Monthly Chart!
Bitcoin's monthly chart looks similar to last year.
Last October, after a period of sideways movement, Bitcoin made a strong upward move. Could the same thing happen again?
Is a big move coming soon? 👀
#Crypto #bullrun #Altseason
CRYPTOCAP:BTC BITSTAMP:BTCUSD BINANCE:BTCUSDT
BITCOIN - must happen to see new ATHAs I told you in my previous analysis of Bitcoin, it is a triple bottom and it will rise and it is the end of bear market, while the majority expected its decline to continue from 57k to 40k levels.
Check out my analysis and drawing the chart attached below and you will see for yourself that what I say is true... remmember i see what others don't
Now I tell you!
Bitcoin is going to reclaim the 200MA
the last time Bitcoin tried this was in august 2024 but it ended up being a fakout leading dumpto 52.5k
now it's trying to reclaim the 200MA again and if it can hold this level we could be looking for a massive breakout a head
this analysis will be constantly updated , so follow us to receive all news updates
Best regards Ceciliones🎯
BTC & Crypto Market Forecast. 4 Yr Cycle Top and Elliot WavesIn this video, I've pulled up an old chart from 2022 I've had on my desktop (not my original chart) that shows potential Waves 3-5 for Bitcion and the 4 year cycle high time targets.
In my new chart, I've re-created this showing that we're ahead of schedule from the dark study, and the 4 year past cycle time targets for reaching ATH around 539 days after the halving.
But as we know, we hit ATH's this cycle already BEFORE the halving, so it's unclear how that's going to affect the next phase. It would certainly make sense, that everybody (Big money, smart money and even us dumb money retail traders) will be looking to 'go all in' early...
But also to GET OUT early.
Remember, it's a game of musical chairs.. and the music is speeding up.
For these reasons, and other global economic and political influences...
I think we could STILL see a left-translated cycle and a parabolic bull rally going into Dec of this year... Unsure if that would be THE Top, but I'd be looking for some profit taking and correction there, which most likely WILL LOOK like the top. But may not actually be.
We may still see the 4 year cycle play out, and continue to push higher until October '25 as the original study suggests (539 days post-halving).
On the one hand, some are suggesting a deflationary market bust in early 2025 for both the stock market and Bitcoin / crypto.
We'll have to wait and see.
But it does look like we're experiencing the Wave 4 pullback, and poised to beging the final Wave 5 phase of the bull-run.
What do you think?
Would appreciate any likes, comments, or compliments below. Cheer always welcome!
To the moon 🚀
Bitcoin Price Outlook: Is a Bitcoin Rally Imminent?As the financial world closely watches the signals from Jerome Powell, Chair of the U.S. Federal Reserve, optimism is rising around Bitcoin's potential next rally. Powell's confidence in cooling inflation and the U.S. economy’s strength has caught the attention of Bitcoin enthusiasts, especially as monetary easing could work in favor of the flagship cryptocurrency. But is Bitcoin set for a breakout, or are there hurdles in the way?
Jerome Powell’s Inflation Confidence & Potential Impact on Bitcoin ( CRYPTOCAP:BTC )
At the 66th NABE annual meeting, Jerome Powell reaffirmed the Federal Reserve's ability to bring inflation down to the 2% target. He expressed optimism about the labor market's stability and the U.S. economy's resilience despite a cooling job market. Powell’s statement carries weight, as any dovish shift in Fed policy could significantly influence risk-on assets like Bitcoin.
Powell hinted that any further rate cuts would hinge on incoming inflation data, aligning with the Fed’s cautious approach. Despite the uncertainty of immediate cuts, the notion that inflation is under control sparks hope for Bitcoin, as a lower interest rate environment could drive liquidity into the market, benefiting assets like BTC. Further dovish movements or interest rate cuts could fuel a renewed wave of institutional and retail interest in Bitcoin.
Bitcoin's Bullish Fundamentals & Historic Patterns
Bitcoin’s long-term bullish sentiment remains intact, especially as it heads into the fourth quarter. Historically, Q4 has been one of Bitcoin’s most profitable periods. For instance, CRYPTOCAP:BTC is poised for a positive close for September, and historically, whenever Bitcoin ends September in green, it follows with strong performances in October, November, and December.
More than just seasonality, Bitcoin’s fundamental outlook is supported by the global macro environment. With central banks in major economies like China adopting monetary easing policies, Bitcoin, being a risk-on asset, is expected to benefit from global liquidity. Market analysts from QCP Capital have predicted that such policies will boost Bitcoin, aligning with the narrative of Bitcoin as a hedge against inflation and traditional finance’s uncertainties.
Technical Analysis: Bitcoin’s Resistance and Momentum
On the technical side, Bitcoin ( CRYPTOCAP:BTC ) is currently trading between $61,000 and $65,000, showing a consolidation pattern. This range has become a key pivot point for BTC, with the $63,000 level acting as a significant resistance barrier. At the time of writing, Bitcoin ( CRYPTOCAP:BTC ) is down 3.15%, continuing its oscillation within this range. Despite this dip, the Relative Strength Index (RSI) sits at 56, signaling that Bitcoin ( CRYPTOCAP:BTC ) still holds bullish momentum and is not yet overbought.
Technical analysts have pointed to $70,000 as the key resistance level Bitcoin ( CRYPTOCAP:BTC ) needs to break through to confirm the next leg of its bull run. Should CRYPTOCAP:BTC reclaim this level, it could set the stage for new all-time highs, as predicted by analysts like Markus Thielen, who expects Bitcoin ( CRYPTOCAP:BTC ) to surge past $70,000 by late October.
The next few weeks could be pivotal for CRYPTOCAP:BTC as it heads toward a monthly close. Historically, Bitcoin only posts negative returns in October twice, reinforcing the optimism that Bitcoin could close the year on a high note, pushing to new heights.
Factors to Watch: U.S. Elections & Regulatory Landscape
While the technical and fundamental outlooks remain bullish, Bitcoin’s future will also be influenced by external factors. The upcoming U.S. presidential elections could serve as a major catalyst. Both parties have expressed openness toward Bitcoin ( CRYPTOCAP:BTC ), with discussions about potentially making Bitcoin ( CRYPTOCAP:BTC ) a legal tender in the U.S. This, if it materializes, would create a massive wave of institutional adoption, further cementing Bitcoin’s position as a mainstream asset.
However, regulatory uncertainties continue to hang over the cryptocurrency market. Global regulatory bodies are increasing scrutiny on digital assets, and Bitcoin’s future could hinge on how these regulatory frameworks evolve. Additionally, global adoption rates and market sentiment around decentralized finance (DeFi) will play crucial roles in shaping Bitcoin’s next moves.
Conclusion
While short-term volatility and regulatory hurdles remain, Bitcoin’s long-term outlook is strongly bullish. Jerome Powell’s optimism around cooling inflation and potential rate cuts are supportive macro conditions for CRYPTOCAP:BTC , while historical performance and technical indicators point toward a potential rally in the coming months.
As Bitcoin ( CRYPTOCAP:BTC ) moves into the final quarter of 2024, eyes will be on key resistance levels, the U.S. elections, and regulatory developments. The path to $70,000 is in sight, and if Bitcoin ( CRYPTOCAP:BTC ) breaks through, it could trigger a new all-time high by the end of the year.
$BTC is poised to reach $115,000 in the next 9 months! Read WHY!You're aiming for $200k and beyond, but let’s keep it simple and realistic. If BTC hits $115k, altcoins could surge by 20x or even 50x! You just need to play it smart.
Now, let’s break down this simple chart!
Liquidity acts like a magnet! When a big green candle prints, it’s likely that, after a few more candles, the price will move to capture the liquidity from that same candle. Bitcoin has been following this pattern for the past 7 months, inching forward slowly, bit by bit. This is exactly how the whales are accumulating!
The August monthly candle closed at $58,963, and the current candle is set to close in about 4 hours, likely above the August close, forming a beautiful hammer pattern. This is a strong bullish signal!
When you’re unsure about what’s coming or just making wild guesses, remember—this is simply TA based on Price Action. No fancy indicators, just the facts.
Speaking of indicators, the RSI is currently around 63.13, and in every bull run, it eventually climbs up to 92, entering the overbought zone.
So stay strong and stop crying over 10-20% dips in altcoins.
If you can’t handle these corrections, you don’t deserve the 10x gains either.
Keeping it simple, the next 6 months are going to be amazing. Now is the time to position yourself in solid Altcoins and BTC.
After every halving, there's typically a 5 to 6-month consolidation phase, which you can clearly observe on the charts. We’re following the same pattern right now! Things are heating up, but you might not notice if you're only focused on 15-minute candles. Zoom out, and everything will become much clearer for you to understand.
I hope you get some light from my charts, If you do please hit that like button and share this chart with your crypto friends.
Thank you
#PEACE
BTC | LTF and HTF TargetsIf this zone cannot hold the price, it means that we have moved from the quick no retest rise phase to the deep retest phase.
The deep retest phase is the stage where traders who cannot catch the price during the rapid rise try long from everywhere to compensate for this.
If I try my luck here once and stopped out, I will wait for the real buyer and cheap zone below.
Exploring Valkyrie Bitcoin Strategy ETF @BTFExploring the Valkyrie Bitcoin and Ethereum Strategy ETF. Bitcoin ( NASDAQ:BTF ).. strong monthly imbalance in control playing our with BTC cryptocurrency currently attempting to break its all-time high again, with a monthly demand level also in control. Long term investment opportunity. Both Bitcoin and Ethereum are trending upwards and have a significant monthly demand level in control, contributing to the rise of these cryptocurrencies and the
BTC - Bullish Weekly BreakWe've just sealed the deal with a new higher high on the weekly time frame.
This is a big deal in my eyes.
From here I would like to see the market re-accumulate into October to set up a trending environment for the rest of the year.
Areas I like are shaded in green. It all really depends how hungry the market is for BTC once we get to each level as to which one will hold and push.
$61K is first up.
Time to tune in.
$BTC DAILY ANALYSIS. IS THE BIG SHORT AT THE DOOR?As I expected in the analysis dated September 15, the link of which I left below, the price first retreated to 57,000 when it was at 60,000 and then continued its upward movement and reached the extreme supply area by taking the high that I expected to be liquidity.
It is quite normal for the price to slow down in this area. Since the price is currently in the decision phase, taking trades in lower time frames may end up as stop loss. The internal structure is still bullish and I think the demand area that the price is currently in may react upwards. Then, if I see bearish momentum to kick in and an entry model in the 4H time frame, I will look for sells.
Another scenario is using the 70,000 high as liquidity, which is a bit unlikely imo, and then the price falling with a strong bearish momentum. As long as 72000 is not exceeded, and I would expect a daily candle closure above, I think the first range that the price will likely to go is 49000 - 44000.
BTC: The Dilemma of a Breakout or Rejection!BTC Update:
BTC is still struggling to break above the dotted trendline, technically forming a hidden bearish divergence. In my previous update, I mentioned that BTC must close above GETTEX:64K on the daily chart to invalidate this hidden bearish divergence.
At the moment, we are seeing a rejection, and the 100 EMA (yellow line) needs to be held as support. A breakdown below the 100 EMA could likely have a bearish impact on BTC.
Stay cautious and trade safely.
Always do your own research and analysis before investing.
Regards,
Team Dexter
#BTC #cryptocurrency #Altcoins #cryptomarket
$USDT.D chartOne compelling metric to help make decisions when buying or selling crypto assets is the CRYPTOCAP:USDT.D chart (Dominance of CRYPTOCAP:USDT over other assets). Accordingly, the higher the indicator, the more money flows into CRYPTOCAP:USDT from other crypto assets.
Looking at the two graphs, it's hard not to notice a simple pattern: the higher CRYPTOCAP:BTC , the lower CRYPTOCAP:USDT.D , and vice versa.
CRYPTOCAP:USDT.D is currently testing the important level of 5.26%. Accordingly, money will now be transferred from crypto assets to $USDT.
This is a +1 factor, and it's time for a CRYPTOCAP:BTC correction.
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4-Hour Chart Analysis: Bitcoin at a Critical PointAlright ladies and gentlemen, we're looking at the 4-hour chart for Bitcoin. You can see in this highlighted red box that Bitcoin is in a tight spot. This is a make-or-break moment. Bitcoin needs to break above that green trendline to head to the moon, or it risks getting rejected and heading down. Right now, you should keep a close eye on the 4-hour chart to see which direction Bitcoin takes. It's not looking great, as Bitcoin has been overextended for the past few days, staying longer than expected. This moment will decide if we're all getting Lambos or heading down the tubes. Stay tuned, and don't forget to hit that like button! If you have any questions, leave a comment below. Have a great day!
BTC, Upctober coming?FA: Credit borrowing has risen as a result of lower interest rates as a response to periods of high market volatility. The rate has historically fallen as low as 0% in such conditions, which in turn further catalyzed money supply growth and inflation. Similar actions by central banks in Europe, China and Japan will cascade into a similar process.
Technical Analysis (TA):
On the monthly time frame, we observe that September’s candle has closed above August's, demonstrating absorption, which is a highly bullish signal. This suggests significant buying pressure. Moving down to the weekly time frame, there’s a noticeable Fair Value Gap (FVG), which could become a target for manipulation in early October. Following this potential liquidity grab, the price is expected to resume its upward momentum, potentially driving it to all-time highs (ATH) or beyond.
Bitcoin (BTC) has been consolidating for over six months, and this prolonged accumulation phase indicates the potential for a strong upward breakout, with targets in the $80,000 to $100,000 range.
#BTC/USDT Weekend Update!#BTCUSDT: Not much is happening—just sideways price action on low volume due to the weekend. Expecting more volatility on Monday after the weekly close.
For now, OB remains untested so be ready if that gets tested, possibly $63k-$64.3k.
It will give us some good entries for scalp and swing in altcoins.
With both the monthly and weekly closes approaching, these will be crucial. We’ll need a few confirmations for the anticipated "UPtober." I’ll be sharing more details on Monday.
Alts?
Alts might be choppy for now, but I expect strong rallies next month.
Remember, dips are for buying!
Have a great weekend folks!
Do hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
BITCOIN in MID-TERM It is expected to go down in the short term (Most likely because negative news may spread soon) for a healthy correction (visiting support and the ascending trend), and then we will see a complementary rise that breaks 70k resistance.
BINANCE:BTCUSDT
BITSTAMP:BTCUSD
CRYPTO:BTCUSD
Was Bitcoin Growth Fake?Bitcoin is now correcting after breaking the important resistance of 65,000 and as long as it can hold at 62,000 and 59,000 there is no need to worry.
Therefore, we can hope for a green tomorrow for the cryptocurrency market, but in any case, it is better to be careful and take small and safe steps.