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Btcusdanalysis

What happens to Bitcoin after the U.S. election?The D-Day for U.S. elections is here, and the short-term impact of the outcome on Bitcoin (BTC) could be big. According to the latest Bernstein outlook, a Harris win could drag BTC to $50K, while Trump’s victory could rally it to a range between $80K-$90K.  The research and brokerage firm cited Harris’s relatively hawkish stance as the reason for BTC’s $50K target. But if Trump emerges as the winner, the analysts projected that BTC could hit a new ATH, citing the former president’s pro-crypto stance.  Amberdata, a blockchain insights firm, and asset manager Bitwise, echoed the same projection, although with slightly different targets.  According to Amberdata analysts, there could be a $6K-$8K price swing depending on who wins the U.S. elections. This was consistent with recent action by hedge funds for potential bullish outcomes while covering for likely wild BTC price swings.  Based on BTC’s sensitivity to Trump’s odds on Polymarket, Bitwise analysts found BTC could surge 10% if Trump wins. Conversely, BTC could drop by nearly 10% if Harris wins. That said, at press time, Deribit data showed options traders were pricing a 21% chance of BTC hitting $80K by the end of November. When zooming out from the short-term U.S. election noise, BTC’s long-term impact has always been positive in the past three election cycles, with Bernstein projecting $200K by 2025. 
by paul_endeo
When to Book Profits in Bitcoin?Bitcoin technical analysis update Historically, when Bitcoin's monthly RSI reaches overbought levels, the price tends to drop. In 2013, the RSI peaked at 97, in 2017 it reached 95, and in 2021, it topped at 92.5, forming a higher low divergence on the monthly chart. This time, if the RSI reaches the 90 level, it could signal another peak for Bitcoin. When the RSI reaches the 89-90 range on the monthly chart, it’s typically a good time to start booking profits. Currently, the RSI is at 63, suggesting there is still room for a price increase in the coming months. Regards Hexa
CRYPTO:BTCUSD
by HexaTrades
4
Bitcoin’s Fate on U.S. Election Day: Predicting Market MovementsAs the world closely watches today’s U.S. presidential election, the crypto market is gearing up for a reaction that could be pivotal for Bitcoin’s future. Historically, U.S. elections have had a positive impact on cryptocurrencies, and many traders are optimistic about Bitcoin's outlook. With two contrasting candidates—one a proponent of crypto and the other leaning towards regulation—the stakes are high for Bitcoin holders and investors alike. A Trump Win: The Fuel for a Parabolic Bull Run If Donald Trump, a vocal supporter of cryptocurrency, secures the win, the market is likely to respond with a powerful surge. Trump’s favorable stance on digital assets could inspire confidence among crypto investors, sparking a parabolic bull run that may push Bitcoin past its previous all-time high. Many traders are poised to buy into Bitcoin if Trump’s victory is confirmed, anticipating a rush of institutional and retail investment that could propel prices to unprecedented levels. A Kamala Win: The Calm Before the Comeback In contrast, a win for Kamala Harris could trigger an initial wave of panic selling. Harris has shown a more cautious approach toward cryptocurrency, which may incite fear among investors and lead to a sharp pullback. However, it's important to note that strong support zones around $60,000, as indicated in the chart, are expected to buffer any drastic price drops. Despite the potential sell-off, these levels have historically provided resilience and could stabilize Bitcoin, leading to a period of consolidation. Once the initial shock settles and investors digest the news, the market may start to regain strength. Confidence in Bitcoin’s fundamentals could draw investors back, fueling a renewed push towards the all-time high. While a Kamala win might delay the anticipated bull run, the scenario of Bitcoin falling below critical levels like $50,000 or $40,000 remains highly unlikely. Caution: Trading Amidst Volatility For those trading with leverage, today and the coming days present heightened risks. Apart from the election, Thursday’s FOMC meeting will bring the Fed’s Interest Rate Decision, a significant event that could add volatility to an already charged market. It’s essential to tread carefully, as both events could create sudden price swings and impact liquidity. In conclusion, regardless of who wins, Bitcoin’s long-term outlook appears resilient. A Trump win may bring immediate bullish momentum, while a Kamala win might usher in short-term turbulence but is unlikely to derail Bitcoin’s upward trajectory entirely. Traders and investors should brace for a dynamic week, as Bitcoin prepares to navigate these significant events. Trade safe everyone, Cheers!
by MadeByAK
8
BTC/USDT.P UpdateIf we ignore the election, we had a bearish weekly candle close this past week so I anticipate a sizeable pull back. If we considering election effects, usually the election week is bearish and then an unconditional rally comes soon after; typically it will last till the end of the year. If this pattern holds true, I would personally hedge a trade to profit on both sides. I'm still long term BTC bullish, but this week, I will consider shorting to hedge against my longs. I have marked a few places where I would take TPs on the short and DCA for my longs for you to reference. Trade safely! @Nate Alert
by Nate36989
BTC : Riding Asia Open Volume to the Golden Zone TargetOn the 8-hour chart, I’m targeting an entry to capture potential volume influx as the Asian markets open. I plan to take partial profits along the way, with a target to reach the $71,000 zone, which aligns with the golden Fibonacci retracement level. Fundamental Context: This setup is influenced by the buzz around the upcoming U.S. Presidential Election and speculation around Donald Trump’s potential reentry, possibly fueling a “buy the rumor, sell the news” effect. Given the high-impact events surrounding this period, I’m managing risk closely, aiming for strategic exits to maximize profitability within this volatile environment. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Long
by AR33_
2
#BTC URGENT UPDATE:- 66k or $71.3k?That’s a tough doji there. The breakout was impressive, but sellers stepped in, and volume has dropped in the high 70k range. There's a liquidity zone around $66,300, which also aligns with a lower support level. Price may consolidate around this level, giving altcoins room for a short-term rally on Monday and Tuesday. Unless we break that $71378 in htf and ltf , these pumps can fail to sustain. With US election week ahead, expect market indecision. Play it safe, if you’re new to the market, it’s best to avoid futures trades this week. Wait for the event to pass if you value your capital. dyor, nfa. That's all for now. Cheers Do hit the like button if you like it and sharer your views in the comment section. Thank you #PEACE
BINANCE:BTCUSDLong
by Cryptorphic
1
BTC Bulls on Edge: Key Levels to Watch in This Critical RetestIf you remember my last analysis from August titled "Bulls in the Hot Seat," this follow-up will make a lot of sense. The price movement aligned closely with my projections, and all predicted targets were achieved. This new analysis builds on the same value area, with adjusted VAL (Value Area Low) and VAH (Value Area High) to reflect current price dynamics. Recently, BTC broke out of the value area, nearly reaching a new all-time high. However, buyers were absorbed and ultimately rejected, pushing the price back into the value area—setting up a potential failed auction scenario. Now that we're back in value, a retest of the VAL at 65,600 is highly likely unless the bulls manage a solid bounce from the POC (Point of Control) at 67,000, holding above this level to regain traction toward the VAH. 65769 as shown on the chart currently presents the most favorable entry point, with a reasonable stop loss below that protects against a major LVN below my suggested entry. This is where i will place my bids personally. If the crypto bull run remains intact, we should see a bounce or consolidation within this area. However, if BTC breaks below the VAL at 65,600 and accumulates volume beneath it, we could see a significant decline, with the next rotation likely targeting the 60,000 to 63,000 range.
Long
by ExoProtocol
3
BITCOIN breakout of the main resistance Hello and greetings to all the crypto enthusiasts, ✌ The previous analyses regarding Bitcoin have not only met but exceeded their bullish targets. In this assessment, we will provide a comprehensive summary of Bitcoin's price movements within the pertinent timeframe. 💣🚀 The price has successfully pierced through two notable resistance peaks and is now approaching one of its most significant resistance levels observed in recent months. 📚✔ Given the impressive surge in trading volume, coupled with the insights gleaned from the technical chart, I am optimistic about the potential for either a touch or a decisive break of this resistance in the immediate future. However, prior to that breakthrough, we may experience a phase characterized by sideways movement or brief bearish candles. 📚🎇 🧨🧨 Our team’s overarching perspective leans toward further bullish movement and the possibility of overcoming this prolonged resistance, with the expectation of encountering neutral or ranging candles in the short term. Additional scenarios are also illustrated on the chart, indicated with lighter arrows, while the price targets are clearly marked for your reference. 🧨🧨 To enhance your understanding, I’ve summarized the key takeaways at the bottom of the chart for your convenience. I hope you find this analysis insightful and beneficial. ✌🎉 Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
Long
by MadWhale
4
forget 70k level, look out for this importanlevel to surpass... As I mentioned in my previous analysis, I don’t care about reaching 70k; what matters to me is if it can break past the zone at $71,890. Everyone is excited that BTC is back at 70k (myself included), but guess what happened next? The price touched my line at $71,890 and didn’t break through! This is simply because I see more difficulty here, as it's a zone with a greater concentration of institutional orders and has historically been strongly rejected. These last three candles give me the impression that the bear market is nearing its end, so keep a close eye on the upcoming week. But remember, it’s just an impression — the price is always trying to tell us something through its candles, and it’s our job to interpret it correctly. Best regards, and let’s hope that’s the case!! TRADE SAFE!
COINBASE:BTCUSDLong
by RocketMike111
BTC LONG 1 HR TP:73000 01-11-2024After observing a manipulation, we are currently witnessing a brief consolidation phase that could potentially lead to a rise towards the 72,000 - 73,000 range. Following this movement, we may either see a strong breakout or further consolidation before a subsequent decline. We will update our analysis based on the first movement. It's important to note that this analysis is on a 1-hour timeframe, so if the price does not rise within the next 20 to 30 hours, this scenario will be considered invalid. Stay tuned for updates and manage your positions wisely! #Trading #Bitcoin
Long
by ReyDragon21
3
Falls in price deceive. Bitcoin's Daily Chart is Demand-driven! I know Bitcoin sold off really quickly about 48 hours ago trying to reach higher highs and resistance. Price also made no further attempts to retest the breakout high price, but not yet. Daily chart is attached. It looks indicative of higher prices to my eyes, but we only see what we see. If I am missing something more bearish please write in the comments. It's a learning curve for us all. Quickly my reasons, Bitcoin switched to a Demand-channel in recent months, you know higher highs and higher lows, now recently Bitcoin price has remained in the upper part of channel, for me that is a bullish sign. Check the chart. Thanks for reading.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
Bitcoin Monthly Candle Close Colours since 2011First, OCTOBER IS THE FIRST MONTH INTO DOUBLE FIGURES AS A GREEN CANDLE CLOSE SINCE 2011 - 10 Octobers in the last 14 years - Pretty good average ;-) So -> The Arrows -> We have only ever seen a RED August followed by a GREEN Sep and October on 3 previous occasions. 2015 & 2016 and then again in 2023 and just now , in 2024 makes the 4th. To me, this backs up the idea that PA is following the 2013 - 2017 Fractal. This is superimposed on chart from Nov 2021 as yellow Bars The Candle sizes are 2015 August -30% Sep +18% Oct +41% 2016 August -26% Sep +14% Oct +24% And so now we move over to what is happening in this cycle 2023 August -16% Sep +14% Oct +37% 2024 August -23% Sep +30% Oct +30% The numbers are not exactly the same and, infact, the 2024 figures blow the others out the water from September......but there is a trend there to be seen until Sep 2024 comes in. Maybe wishful thinking and how the next 3 Monthly candles Close will confirm or deny this idea. But it has to be said, the PA has followed the Fractal from Nov 2021 to now pretty accurately..as can be seen on many previous Posts IF we are doing this 2013 - 2017 Fractal, we have a clear Run to a New ATH by end of 2025 or just after, with intermittent RED months while PA catches its breath, like in Jan 2017 It should be Noted that a GREEN October Close does NOT always lead to a Green November.. So we need to continue to watch carefully.
BITSTAMP:BTCUSD
by Orriginal