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Btcusdanalysis

Bitcoin Funds Sees Outflows as Investors Bet on Price DeclineBitcoin ( CRYPTOCAP:BTC ) is facing a challenging period as investors increasingly position themselves for a potential downturn. The recent outflows of $319 million from Bitcoin funds, including those managed by prominent players like Fidelity and ARK Invest, reflect a growing sentiment among market participants who expect the digital asset’s price to decline in September. This shift comes amid broader concerns over economic conditions, Federal Reserve policy, and heightened market volatility. Market Sentiment and Price Movements The Bitcoin ( CRYPTOCAP:BTC ) market has experienced notable turbulence, with its price currently trading at $58,466 per coin, down more than 7% over the past week. This decline is part of a broader trend, with the asset now 20% below its all-time high of $73,737 reached earlier this year. Market participants are closely monitoring Bitcoin's exchange reserves, which have hit a multi-year low of 2.39 million BTC, representing a 25% drop from their 2020 peak. This significant decrease suggests a growing shift towards self-custody, which could potentially reduce selling pressure in the long term. Key Technical Indicators: - Price Volatility: Bitcoin's price recently dipped to a low of $57,257.71 before bouncing back above $58,000, indicating a recovery amid continued market volatility. However, the market's mixed signals are contributing to uncertainty, with liquidation data revealing $169.2 million in liquidations across the crypto market in just the past 24 hours, with long positions accounting for $125.59 million of that total. - On-Chain Activity: Analysts are closely watching on-chain whale activity, ETF inflows and outflows, and other key metrics to gauge market sentiment. Notably, there has been an uptick in short Bitcoin investment products, which saw $4.4 million in inflows last week, the highest since March. This highlights a growing number of traders betting against Bitcoin, anticipating further price declines. Economic Data and Federal Reserve Policy The fundamental backdrop for Bitcoin ( CRYPTOCAP:BTC ) is being shaped by macroeconomic factors, particularly those related to U.S. economic data and Federal Reserve policy decisions. Stronger-than-expected economic data has led investors to believe that the likelihood of a significant interest rate cut by the Fed has diminished, reducing risk appetite for Bitcoin ( CRYPTOCAP:BTC ) and other cryptocurrencies. Key Fundamentals: - Interest Rates and Market Sentiment: With the Federal Reserve expected to cut rates less aggressively than previously anticipated, cryptocurrencies like Bitcoin, which are considered "risk-on" assets, are seeing reduced investor interest. High-interest rates typically make safer, yield-bearing investments more attractive compared to volatile assets like Bitcoin. - Regulatory Environment: The approval of Bitcoin ETFs in the U.S. was initially seen as a positive catalyst for the market. However, recent outflows from these funds suggest that institutional investors are growing cautious, potentially due to regulatory uncertainties and shifting economic conditions. BlackRock and the Divergence in Institutional Behavior While most Bitcoin funds experienced outflows, BlackRock, the world's largest asset manager, saw inflows of over $219 million into its iShares Bitcoin ETF. This divergence indicates a split in institutional sentiment, with some investors still seeing long-term value in Bitcoin despite near-term market headwinds. What This Means for Investors: - Hedging Strategies: Investors who remain committed to the crypto space are increasingly looking at hedging strategies, such as short Bitcoin products, to mitigate downside risks. This aligns with broader market sentiment, where caution and risk management are taking precedence. - Focus on Long-Term Trends: Despite short-term challenges, the decrease in Bitcoin ( CRYPTOCAP:BTC ) held on exchanges and the continued adoption of self-custody solutions suggest underlying confidence in the asset’s long-term value proposition. If demand continues to grow, reduced selling pressure could pave the way for a future bullish trend. Conclusion The current market dynamics present a complex landscape for Bitcoin ( CRYPTOCAP:BTC ) investors. As macroeconomic factors weigh on sentiment, traders are adjusting their strategies, focusing on risk management, and exploring derivative products to navigate the volatility. While the short-term outlook appears cautious, the evolving market structure, characterized by declining exchange reserves and divergent institutional behavior, could set the stage for significant opportunities once economic conditions stabilize. Investors are advised to keep a close eye on key economic data releases, Federal Reserve actions, and on-chain metrics as these factors will play a critical role in shaping Bitcoin’s trajectory in the coming months.
Long
by DEXWireNews
#BTC/USDT Urgent Update!### BTC/USDT Technical Analysis (1D) **Overview:** Bitcoin is trading below the 50, 100, and 200 EMAs, within a descending channel, indicating a bearish trend. A break above these EMAs could trigger bullish price action. **Key Points:** - **Resistance:** $61,802 (channel top), $60,364. - **Support:** $54018, 47,710, $43,882. - **Invalidation Level:** $54,018 (daily close below). **Scenarios:** 1. **Bullish:** Break above EMAs and channel top could target $68,000. 2. **Bearish:** Failure to break above EMAs and a close below $54,018 may lead to a drop towards $47,710 or lower. **Conclusion:** I think the price must break soon in the next few weeks, likely following our scenario with the blue forecast lines. Watch for a breakout above the EMAs for bullish potential; otherwise, expect further downside within the channel. Do let me know what you think in the comments section and please hit the like button. Thank you #PEACE
by Cryptorphic
BTC BITCOIN Technical Analysis and Trade Idea👀 👉 In this video, we explore BTC, which has recently exhibited bearish momentum with a break of structure on the 4-hour time frame. The pair has pulled back and is now retracing into a critical resistance level. I see potential for further downside and am closely monitoring whether the price holds below the current range low. If a breakout occurs, I plan to enter a sell position, as explained in the video. However, if the price action doesn't align with the discussed setup, there will be no trade. It's essential to understand that these insights are speculative and not guaranteed predictions. Confirming specific price actions before entering any trades is crucial, as emphasised in the video. The analysis offers an in-depth look at the current trend, market structure, and price behaviour. Remember, this content is for educational purposes and does not guarantee success. Trading involves significant risks, so always implement strong risk management strategies. 📈✅
FOREXCOM:BTCUSDShort
by fxtraderanthony
2
Bitcoin Approaching Cycle End - Next MovesGM! It’s Strategy Master here - the only guy in crypto where you won’t pay for signals or get crushed with basic TA. Bitcoin is nearing its 60-day cycle bottom. Why does this matter? For long-term holders, it’s a signal that Bitcoin’s strength is about to shine with a bounce. For traders like us, it’s a golden opportunity for a profitable trade. How can I know if the cycle has ended? Here are 5 signs: The price closes above the 10-day Moving Average; An increase in volume (like a bigger sell-off); There’s a crash, a retest of the resistance line, and then another crash to form the final cycle low; The lowest point is retested (with good volume (!)), but no new low is established; The price moves above the current resistance zone. Now, let’s see how the current potential cycle bottom stacks up: The 10-day moving average is at $61,000, but the price is still below it. ❌ A slight increase in volume is noticeable. 🙂 We saw a crash to $57,300, but no retest of the resistance line and no second crash yet. 🙂 The lowest point hasn’t been retested yet. ❌ The price hasn’t climbed above the current resistance zone. ❌ As you can see, confirming a cycle bottom is only possible after the fact. Right now, none of these conditions have been fully met. However, buying close to the cycle bottom often leads to positive returns within days or weeks. The first days of a new cycle are usually marked by a big green candle. Take the previous 60-day cycle bottom on July 5th, for example. It was fully confirmed a week later, on July 13th, when the price crossed the resistance line at $58,630. The 10-day moving average was crossed at $57,538, confirmed with a closed candle. ✅ Volume increased for three days straight, peaking on July 5th. ✅ The price crashed to $58,600 on June 24th, tested the resistance line at $63,000 on July 1st, and the final cycle low was established after another crash on July 5th at $53,700. ✅ The lows were retested with good volume at $54,300 on July 8th, with no new low formed. ✅ The price went above and closed above the previous resistance zone on July 13th. ✅ By July 13th, all five conditions were met, signaling that the cycle had ended.
BITSTAMP:BTCUSD
by TheStrategyMaster
8
The Bullrun is imminent.Evening folks. Mastershark here . Market specially altcoins ugly but we are getting to the end of red days very quickly. As you see we’re in a descending channel, right now we still holding monthly support ( which I indicated in orange) and we’re holding super trend in daily , this situation is very reminiscent of 25 k , some other factors help get to decide that this is the bottom and I upload two charts of usdt tonight . There is total charts and dominances as well if you scroll through my analysis. In my opinion bullrun is very close and can start in very moment ( middle support of the pitch fork ) or in the worst case bottom of the channel which is unlikely based on the altcoins situation. Stay safe fam
INDEX:BTCUSD
by mastershark
BTC updateThe current monthly candle appears neutral. It is likely to test the 0.618 and 0.5 Fibonacci retracement levels of that candle, which are around the 55k mark. Following this, we could see a range forming, with the range high around 60k. Despite the monthly close, there is still no clear trend on the higher time frame. We can expect more choppiness and sideways movement. I am working on identifying dates when the market sentiment might turn positive and will share them once I have more clarity. Looking at Line chart we should bottom between 0.236-0.382. Max drawdown is 54k
by GoldenTrades_
BTC Update in a Daily TimeframeIn the daily timeframe, BTC appears bearish. It failed to reach the resistance trendline and was rejected after hitting $65k. The price in the hourly timeframe shows some support, but without sufficient inflow, this support may not hold. In this chart, BTC is caught between support and resistance, and given the current market scenario, the price is leaning more toward the bearish side. The support trendline around $52.5k will be crucial if BTC drops further. Be cautious and do thorough research before investing. If you're using leverage, make sure to set a stop loss. Trade safely. Regards, Team Dexter.
by Dexter_The_Trader
Bitcion FIB Retracement LevelsMy dear friend and fellow trader, I am writing to you today with great joy and pleasure. We are currently looking at what can only be described as the most interesting, intriguing, and surprising technology of our time. This is the chart for Bitcoin. 1) Since March, BTC has been experience lower highs, as well as lower lows. 2) Since March, the highest volume in a single session has resulted in major selling. 3) Since March, there has been strong selling pressure each time Bitcoin tried to move up, and 70K became a major barrier in late July while 65K ended as the latest lower high.
Long
by Forexcryptowithjohn
Final fall? Bitcion Review #BTCAfter the last fall, you entered the zone of interest. Now, we are likely to go to the white box, from which we will see the final movement down and the subsequent impulse with the renewal of new tops or without dipping into the zone of 54-56k. I look at the market extremely positively. -Because everything is down right now - Altcoins -We've held the Bitcoin level. -In a few days, it's September. -Markets rise on fear. Best regards @Forexcryptowithjohn
Long
by Forexcryptowithjohn
BTC, Let's keep it simple shall weAh, the crypto jungle, where even the bears like to dance! 🕺 So, here we are, staring at a mature bear flag on the daily chart like it's that ex you thought you were over, but they just keep showing up. And if this bad boy breaks down decisively, we're careening straight into the “Oh No Zone” with a potential target between 45k and 48.8k. And what's this? A Death Cross? Sounds like a rejected name for a 90s metal band, but here it is, grimly reminding us that sentiment is shifting faster than a squirrel on a sugar rush. 🐿️ Now, while retail investors are nowhere to be seen (probably hiding under their beds), the whales are out there doing what they do best—hoarding like it’s Black Friday at a crypto sale. 🐳 And of course, rate cuts are looming like your landlord when rent's due, which in crypto-speak means bearish first, bullish later. It's like being told your rollercoaster ride is delayed but, hey, there's a free ice cream at the end! 🎢🍦 Meanwhile, Gold is out there flexing at an all-time high, giving Bitcoin the cold shoulder like it's a high school crush that just found a new date to the prom. And Bitcoin dominance? Still strutting its stuff, leaving altcoins to suffer in silence. Over in the ETH/BTC corner, things are looking as bearish as my last attempt at a diet—good intentions, but no follow-through. Good News? Who Cares!: Good news hits the market and... nothing happens. At this point, it’s like shouting into the void: “BTC ETF occurred! ETH ETF occurred! Halving occurred!” And the market’s like, “Meh.” 🇺🇸 All eyes are on the US Presidency coming up in 2 months. Until then, it's like waiting for your blind date to arrive—highly uncertain and probably not going to end well. Yet, here I am, my degenerate self, telling you this might just be the perfect recipe for a great bull market! 🍲 But let's be real—experience tell me that caution is advised. That's it, that's the idea - Good night
BNC:BLXShort
by hhMaxima38
1
BTC Higher Timeframe Outlook 70k Next -> Then 32kIn this video, I break down the market from a top-down perspective, analyzing from higher timeframes down to lower timeframes. I carefully frame key Points of Interest (POIs) to help identify potential trading opportunities. Additionally, I share a specific short-term trade idea with detailed entry, exit, and risk management strategies. My first target is set at 70k, followed by 32k, and I explain the reasoning behind these levels. Watch to get a clear understanding of the current market structure and actionable insights for your trading journey.
by SerenityEquity
3
Is my analysis correct about bitcoin- Fx Dollars - {31/08/2024}Educational Analysis says Btcusd Bitcoin may move in this range for some time according to my technical. Broker - Bitstamp This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because the 1-week time frame is bullish and breaks the previous higher time frame highs. Let's see what this pair brings to the table for us in the future. Please check the comment section to see how this trade turned out. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
BITSTAMP:BTCUSDShort
by VishalBudhrani
BTC / BITCOIN🔍 BTC/USDT Analysis: Weekly Timeframe 📉 The BTC/USDT chart on a weekly timeframe highlights significant upcoming times where price movements may present trading opportunities. It’s essential to analyze these signals in conjunction with higher timeframes for a comprehensive market view. • September 16, 2024 - Green Line: This time indicates a potential local low, offering favorable conditions for accumulating BTC or entering long positions. • J anuary 13, 2025 - Red Line: This time marks a potential local peak, signaling a possible moment to reduce exposure or take profits. • July 26, 2027 - Red Line: Another potential local peak, suggesting a moment to consider exiting positions before a downturn. When working with this weekly timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective. Note: The exact timing of these phases can vary by +/- a few days. All times are based on UTC-7 (Los Angeles).
Short
by trushkovskiy
BTC / BITCOIN🔍 BTC/USDT Analysis: 4-Hour Timeframe 📉 The BTC/USDT chart on a 4-hour timeframe highlights significant upcoming times where price movements may present trading opportunities. These signals should be analyzed in conjunction with higher timeframes for a comprehensive market view. • August 31, 2024, 21:00, September 7, 2024, 17:00 - Red Lines: These times mark potential local peaks. Traders might consider these as moments to take profits or reduce exposure, as the price could encounter resistance or a downturn. • September 3, 2024, 13:00, September 15, 2024, 01:00 - Green Lines: These times indicate potential local lows, offering favorable conditions for accumulating BTC or entering long positions. When working with this 4-hour timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective. Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
Long
by trushkovskiy
Friday Market Update - $IBIT, $BTC, $DXY and $SOL ForecastHere's a quick update to the video I posted last week showing a final unfilled Gap on the 4-Hour NASDAQ:IBIT likely pushing price down (We're NOT sure yet how this is correlated, other than the BIG money is playing with Options / Futures and now the NASDAQ:IBIT , which makes Bitcoin a Wall Street product now essentially. My targets on Bitcoin now are $57k and I'm thinking we may even see a 'news driven' selloff to the $50k - GETTEX:52K range into our buy blocks as shown here. "Show me the charts, I'll tell you the news" is one of my mantras, and with everyone thinking we go higher here, I'm thinking we have one more shakeout to wipe out some longs. Last week a well-known short posted that he 'gave in and the Bulls Win' showing his $2.5M loss. Think the games are over? I think not. So I'm mostly out of the market, holding some SOL and planning to DCA buy lower at levens I mention in the video. I also dicuss the DXY bounce, Total Market Cap, and why this weekly candle close is important. Apologies -- the recording stopped when I tried to update one of my alerts, and I have a Labor Day party to finish planning so no time to-record it. Have a great weekend everyone, and let's see what Tuesday brings when the big Wall Street traders get back from summer vacation and start putting wall-street money to work.
INDEX:BTCUSDShort
by BrettFogle
Even if This Isn't Distribution, Consolidation Could Take MonthsJust popping in for a quick Bitcoin update. Though cycle proponents will be quick to point out that Bitcoin is way ahead of where it "should" be, price wise compared with previous cycles, it's still struggling to maintain a new all-time high despite supposed institutional interest. People who have been in the market for years are starting to want out, expressing the sentiment that this is going to be their "last cycle." Meanwhile, stocks are significantly up since their last all-time high and some high-performers like Nvidia have well outperformed Bitcoin over the last few years. Bitcoin's price currently looks like consolidation after an explosive move up from the bear market lows near $15.5k. It's taking so long that price is beginning to drift below all the major daily moving averages. Ethereum is really looking quite weak, having retraced all of this year's gains and broken below a major long term trendline. On my Bitcoin chart, price is hanging out below the large broadening support, dating back to fall 2022, now almost two years ago. It's below all the major daily moving averages, representing current weakness. Seller volume remains generally high in this range. I drew a secondary trendline and another broadening pattern, this one pointing down. Historically, this can be a bullish pattern. Even if it is, there appears to be plenty of room structurally for more sideways movement into the fall. The pattern comes to completion by the end of the year. This is an example of what I'm thinking, for bullish and bearish options: Bulls hope that consolidation this long produces a major move up, perhaps all the way to $300K + and to the top of the broadening pattern. This sounds crazy, but it's roughly the same magnitude of price increase as the last bull marker. Though, due to diminishing returns, this does really seem unlikely. Of course, this is a lot of foo-foo guesswork, but understanding charts visually has always been how I like to roll. Fundamentals are then also important. On the bearish side, a breakdown from these patterns could easily send prices back below $40k. Let's see how things play out! I'm still betting on crypto largely becoming a forgotten "industry" due to lack of authentic utility and therefore little fundamental value. Even though ETFs exist, ETFs exist for many things. I don't think investors are necessarily prepared for the slow fade, where Bitcoin and other cryptocurrencies remain niche and their value starts to decline over time. I'll easily be proven wrong if prices sustain new all-time highs. Thanks for reading! I'll provide updates when I can. This is clearly speculative and not meant as financial advice. -Victor Cobra
COINBASE:BTCUSDShort
by VictorCobra
Montly Bitcoin Monthly close colours since August 2011Please find the monthly chart i have been posting on Trading View and X ( not for much longer) and now on PRIMAL on NOSTRA,the new World. The Monthly Close Colours of Bitcoin since August 2011. These historical sequences can normally lead to an understanding of "Flow". However, I do feel things have changed a little, even though the ETF's are a small % of the total Bitcoin Market, there is influence. So, The hope was that this month would close GREEN as in the past, this has been a the case during a bull run, or lead up to it, after the previous months sequence of colours. This month will close RED it seems and There have been 3 occasions with a Green July followed by a Red August and 2 of them had a Red September following. All 3 occasions could be said to have been in a BEAR. HOWEVER, I have said before and I will say it again, PA seems to be following the 2013-> 2017 run and the 1st one of these 3 occasions was in August 2015, when the candle closed red after months of near static Range PA, as we have just had,..The following September was a small green candle but we then carried on to the 2017 ATH. ( August 2016 also closed RED with a Green September following.) Interesting days ahead as I also have a number of charts that point towards September being a positive month for Bitcoin. We will find out in the next few weeks if they are Valid or not.
BITSTAMP:BTCUSD
by Orriginal