BTC (Bitcoin vs US Dollar) :: Super Bullish Trend Soon !!!On the monthly time frame, the RSI pattern of 2017 is repeating, which led to a great bull run.
I think it needs a monthly confirmation candle to close above the $75,000 price, in such a situation, a huge bull run in crypto could start.
At that time, the peak of 2013, i.e. $1,200, was a monthly major pivot, which in 2017 needed to form a monthly bullish candle to confirm the upward passage.
Currently, the 2021 peak of $69,000 is a major monthly pivot and a monthly bullish candlestick above $75,000 must be closed to confirm the breakout of the 2021 peak.
Btcusdbuy
#BTC/USDT#BTC
Bitcoin price is moving in an upward trend over a 2-day frame
The highest price of Bitcoin reached $72,000 and the lowest price could reach $58,000.
The price moves between them, corresponding to the halving date set for 3 weeks from
It is expected that all models will be broken upward after the halving to see new levels of highs. Until that time,
you must maintain your stability in the market and look at the big picture with a modest initial target of $88,000.
#BTC/USDT#BTC
The price is moving in a cross channel on the 12-hour frame and sticking to it well
The price rebounded well from the lower channel limit at the green support level 60,000 to 62,000 $ .
We have a tendency to stabilize above the Moving Average 100
We are oversold on the RSI indicator and we have a downtrend that is expected to break higher to support the rise
The recovery is expected to begin gradually on the first of May, especially after the halving event
Entry price is 62,000
The first target is 67,800
Second target 73760
The third goal is 80,000
Fourth goal 85112
BITCOIN: Target 100k+, IF this happensBitcoin just broke under an important support area of 60k and hit 56k.
However, if you look at the chart you can see that we went straight back up to 64k, making a FULL retracement.
If you look closer you can notice the exact same pattern happened 25'th of January, followed by a week of sideways movement and then the breakout that sent price all the way to 72k.
Last move happened in two big moves: From the first breakout: 42k to 52k, followed by another week of sideways movement. Then the last push from 52k to 72k.
Respectively, this represented a 23% move from 42k to 52k. Then 10 days of consolidation in a flag pattern. Followed by a 38% move from 52k up to 72k.
If this repeats:
First target would be around 78k.
Second target around 108k.
However we could reach much higher than 108k since Bitcoin moves exponentially during bull runs.
My plan to know when to exit, is simply to look out for 3+ days of sideways movement and if price makes new flag patterns (tight ranges), then simply re-enter the position again.
For this idea to be valid, look out for:
1. Price to stay within this range of 62k - 66k in the coming 3 - 5 days, before entering *Better entry, but a slightly lower probability.
2. And/Or wait for price to break out from 66k after 3 - 5 days, before entering *Worse entry, but higher probability.
Good luck everyone!
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BTCUSD: sell
After a sharp rebound, the rise has slowed down near the resistance level. The indicators need to be repaired. Pay attention to the support between 62000 and 61300. If the support is effective, go long. For the current transaction, shorting is safer and the probability of making money is higher.
#BTC/USDT Urgent Update!#BTC closed around $62,800, defying CT's expectations for a drop to $52,000.
Now, we'll see if it can close above the blue moving average and confirm this whole move as a deviation, a pattern Bitcoin often follows.
Otherwise, the doors to GETTEX:52K remain open, with this current move possibly being just a retest.
So we wait, patience is key!
Keep an eye on the weekly close!
Have a wonderful weekend!
#Crypto #Bitcoin
Do share your views in the comments section and hit the like button if you like it.
It keeps us motivated!
Thank you
#PEACE
Bitcoin BTC price global view for next few monthsOn the #Bitcoin chart, you can see a combination of horizontal and dynamic fibo levels.
It took us a long time to see something new....
But here's our summary:
️ ↪️ right now, the #BTCUSDT price is at a critical point. If buyers manage to keep the price above $57000-57300 until Monday, there will be a chance for a good price increase via the blue route 🟦
↩️ fixing the CRYPTOCAP:BTC price below $57000 is the way for a sharp drop in the price to the $49-50k range. There are still many longers whose positions can be liquidated, and their assets can be taken into "stronger hands"
Which scenario do you prefer: ❤️red or 💙blue?
Because in our opinion, the #BTCUSD price should go into a protracted sideways consolidation for the summer of 2024.
In this consolidation, the large capital that entered the cryptocurrency market through BTC ETFs may start flowing into less liquid altcoins, which could lead to local and selective bull runs.
So, in our opinion, the most important task for the coming months is to track which altcoins or sectors of the crypto market capital is flowing into and buy on corrections.
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Caution: Bear trap on Bitcoin! ⚠️ Bitcoin's potential bear trap above $60,000 amid uncertainty over FED actions.
Bitcoin's price bouncing back above $60,000 raises concerns of a bear trap.
Market fundamentals, specifically FED actions, adding to the uncertainty in the crypto market.
Speculating on FED decisions is risky, but their transparency can impact market sentiment.
⚠️ Implications of recent financial easing and potential bear trap for Bitcoin investors.
Quantitative easing signals potential turnaround in financial conditions.
Coinbase closure above 233 HPDR bands may confirm bear trap for Bitcoin.
Massive Wick to the downside suggests damage from past week may be mitigated.
📉 Bitcoin may experience a significant correction in mid-May, potentially setting a bear trap.
Bitcoin has been in a cycle for 49 days, nearing the longest correction period of 63 days.
The timing for a potential low or bear trap for Bitcoin could be in mid-May, around day 63 of the cycle.
A tweet was mentioned regarding this analysis, providing additional information on the topic.
🕰️ Cryptocurrency signals showing high probability targets, despite challenges and personal struggles.
High probability targets for Bitcoin signals
Struggling with personal challenges and sickness
Finding solace in playing Dark Souls 3
⚠️ Bitcoin's potential trap for investors in May highlighted by technical analysis indicators.
Key technical indicators like RSI and moving averages are currently indicating a downside trend in Bitcoin's price.
Bitcoin's price movement sideways could lead to a reset of technical indicators, potentially signaling a bullish reversal.
If Bitcoin avoids breaking below current lows, a bullish scenario could unfold in the later half of May and June.
Bullish only above $60k BTCBTC i stuck in the resistance zone at $59.000/$60.000. In my previous idea, i marked this area as a key resistance zone and in fact, BTC is having some difficulties to break this level. If Bitcoin will fail to go over there, we can expect a drop in the coming days, as i was previously thinking. Otherwise, if Bitcoin will break above $60.000 we can expect a rapid pump that could lead the price at $62.000/64.000
BTC future? Store of value? Read and think about itMichael Saylor often says, " CRYPTOCAP:BTC is a store of value that you will pass to your kids."
I will demystify CRYPTOCAP:BTC and share my long-term vision of what Bitcoin will become in the future. This is a philosophical perspective, so take it as such.
Bitcoin is a digital asset, which means there is no cost to duplicating it. Like all digital assets, they eventually get cracked and revert to their real value, which is zero. Any physical object, on the other hand, has value derived from the cost of its production, including the labor involved. It is tangible and cannot be magically duplicated, making any physical object more valuable over time as most get lost, destroyed, or become rarer and more valuable. This is common to any item like books, music keyboards, game consoles, etc.
Bitcoin compensates by having an encryption algorithm stronger than any music DRM protection, and its production cost is tied to the difficulty of mining. However, there are several problems with this concept:
1) All DRM and encryption get cracked eventually because technology evolves, and what seems impossible today may become feasible and straightforward tomorrow.
2) The cost of mining Bitcoin increases as its value does. But if the value does not increase sufficiently, it can become unprofitable to mine, and in that case, the entire network could disappear, become unsafe, or lose value.
3) Since it is a digital product, like MP3s, Bitcoin can be duplicated at no cost and has been many times. $ZCASH, NASDAQ:DASH , CRYPTOCAP:LTC , etc., are just copies of the Bitcoin source code with another name and a few modifications.
Considering all this, the future of Bitcoin seems limited. Technology will eventually enable hacking of its blockchain, miners will one day become unprofitable and switch to another blockchain, etc.
Is Bitcoin a store of value? Yes, it is now, but no, it will not be in the long term. The day Bitcoin is cracked, or when miners stop mining it en masse, that will be the end. All the value of Bitcoin will disappear.
Bitcoin is the experimental first version of a cryptocurrency that works, but only that.
Does this mean all crypto has no value? Of course not.
A lot of innovation has been discovered; take ZK Layer technology, for instance. It manages the blockchain in a better way—cheaper, faster, and more anonymously than Bitcoin.
The rise of Bitcoin will show what crypto is capable of, but something else will replace it and become the crypto used by people to buy things.
Bitcoin will not replace gold; it is not digital gold. That is a marketing trap. Bitcoin is an experimental tool, the first fully working crypto payment system, but its future is to become obsolete and be replaced by more efficient solutions.
#BTC/USDT Next support $52k!#Bitcoin is trading at a decisive point.
If this support level breaks, we could drop all the way down to $52k.
The trend has shifted bearish, but don't forget that Bitcoin is known for making deviations.
Historically, May tends to be a negative month for BTC in terms of returns, and we're already seeing the effects within the first two days. Let's see how this week unfolds.
Keep a close watch on the trendline support.
DYOR, NFA
Do hit the like button if you like these updates.
Thank you
#PEACE
Just how bad is it for Bitcoin and the crypto market? - Bitcoin has experienced a significant drop below $60,000 for the first time in a while.
- April has historically been a green month for Bitcoin in an election year, but this year it was red, showing a deviation from history.
- May is also historically a green month for Bitcoin in election years.
- Bitcoin has never played out more than two consecutive downside months in an overall bull market.
- The accumulation distribution indicator shows a positive slope, indicating a long-term move to the upside.
- The indicator's slope changes in the extreme zones can correlate with macro shifts in direction.
- Bitcoin is currently testing prior all-time highs and there should be an opportunity for it to move up again.
- The ideal scenario for bullish investors would be for Bitcoin to come down to the red moving average, find a low, and close the month up with a bullish signal.
Bitcoin has experienced its first ever red April in an election year, deviating from historical trends. April saw a 15% move to the downside, which is significant. May historically has always printed a green month for Bitcoin in election years, but this may not be the case this year. Additionally, Bitcoin has never played out more than two consecutive downside months in a bull market. The accumulation distribution indicator shows that Bitcoin is likely to move to the upside long term. However, it is uncertain how far down Bitcoin can go before it bounces back up. The red moving average is where Bitcoin bulls should be hoping for a low to be put in before closing the month up, which would signal the market to continue to new all-time highs throughout the rest of the year.
Bullet Summary:
- Bitcoin experienced its first ever red April in an election year, deviating from historical trends
- May has always historically printed a green month for Bitcoin in election years, but this may not be the case this year
- Bitcoin has never played out more than two consecutive downside months in a bull market
- The accumulation distribution indicator shows long term upside for Bitcoin, but it is uncertain how far down it can go before bouncing back up
- Bulls should be hoping for a low near the red moving average before closing the month up to signal continued growth throughout the year.
Analysis of Bitcoin#Analysis of Bitcoin Time 1D
The price is currently at the bottom of the range channel, and it is expected to reach the bottom of the channel, we can have it, and in case of a lower time break, we can see the continuation of the upward trend up to the top of the channel.
If the bottom of the ascending channel is lost, the return zone is the 52K price zone
BTCUSD after halvingHi, welcome to my analysis,
Sorry it's been a while since I wrote an analysis due to the Eid al-Fitr holiday.
this time BTC dropped and formed a down channel, but we have a Fibonacci support area between 63546 to 62608
and if this Fibonacci support is broken, then the following support will be at level 60211.
The bullish target for BTC this time is in the range 70217 to 71625 or Fibonacci level 1,618 to channel resistance.
I will update this analysis if I find new keylevels.
Happy trading
IS BTC READY FOR NEW INCREASE TO 68KBitcoin seems the last day in a broken downtrend with here and there what stability.
There are some important levels if BTC can hold them, we could see a new uptrend weekend, which weekends are known most of the time on their stability volume.
The trend of now.
BTC trying to find the right way to get out to new building volume, out of the playing trend.
Can this weekend have a new change since we are by the key level that's exactly what we will follow if BTC can break the key level
l of 65K with a high chance of 68K
There is always a chance there will be manipulation volumes, it depends on building volume and that's hard to count. small changes can always be targeted, its BTC.
For day traders, there change noting, since day traders trade depending on what the market shows, this can be short or long at any time.
This is not trading advice, markets going on their way.
#BTC/USDT Keep an eye on this level!#Bitcoin is eyeing the box, folks!
We've got MA support chilling around $59.8K—could be seeing a retest real soon.
Remember, if it dips below this MA on the daily, that's our cue to reconsider our plays. 👀
Remember, alts are just waiting on Bitcoin's next move. We might be in a snooze phase now, but that's exactly when the market likes to shake things up with some wild swings when you least expect it.
Stay alert! 🔥
#cryptocurrencies