BTC drops below 90k againjust a short term trade which i want to publish
IMO BTC will drop to around 89900 or a bit lower
BTCUSDC
Bitcoin Nears $100,000 as China Clarifies Personal Crypto RightsBitcoin, the world's largest cryptocurrency, has been on a tear, recently surpassing the $99,000 mark. This surge has been fueled by a combination of factors, including increased institutional adoption, favorable regulatory developments, and growing global economic uncertainty.
China's Crypto Clarity
One of the most significant developments for the cryptocurrency market has been China's clarification of its stance on personal crypto ownership. While the country has imposed strict regulations on cryptocurrency trading and mining, it has clarified that individuals are allowed to hold cryptocurrencies for personal use. This regulatory clarity has boosted investor confidence and could potentially lead to increased adoption of cryptocurrencies in China, the world's second-largest economy.
Institutional Adoption Continues to Grow
Institutional investors, such as hedge funds, pension funds, and corporations, have been increasingly investing in Bitcoin and other cryptocurrencies. This growing institutional interest has provided significant support to the market and has helped to drive the price of Bitcoin higher.
Global Economic Uncertainty
The ongoing global economic uncertainty, including rising inflation, geopolitical tensions, and the potential for a recession, has led investors to seek alternative assets. Bitcoin, as a decentralized and inflation-resistant asset, has become an attractive investment option for many.
Technical Analysis: A Bullish Outlook
Technical analysis of Bitcoin's price chart suggests that the cryptocurrency is in a strong uptrend. The recent breakout above the $99,000 level has further strengthened the bullish sentiment. Key technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are signaling1 bullish momentum.
On-Chain Data Points to Further Upside
On-chain data, which analyzes the behavior of Bitcoin on the blockchain, provides further insights into the potential for future price appreciation. Metrics like the MVRV Z-Score, NUPL, and Puell Multiple suggest that Bitcoin is not overbought and has significant room to grow.
Challenges and Risks
While the outlook for Bitcoin remains bullish, it is important to acknowledge the risks and challenges associated with investing in cryptocurrencies. These include:
• Market Volatility: The cryptocurrency market is highly volatile, and Bitcoin's price can fluctuate significantly in a short period.
• Regulatory Uncertainty: Changes in regulations can impact the price of Bitcoin and other cryptocurrencies.
• Security Risks: Cryptocurrencies are vulnerable to hacking attacks and other security threats.
• Technical Issues: Technical issues with the Bitcoin network could negatively impact its performance and price.
Conclusion
Bitcoin's recent surge to near $100,000 has been fueled by a combination of factors, including increased institutional adoption, favorable regulatory developments, and growing global economic uncertainty. While the future of Bitcoin remains uncertain, the current bullish sentiment and strong technical indicators suggest that the cryptocurrency could continue its upward trajectory. However, investors should approach Bitcoin with caution and be aware of the risks involved.
How Do They Contribute to the Surge Above $100K on Deribit?A New Era of Crypto Adoption Dawns
The cryptocurrency market has been ablaze with bullish sentiment, and Bitcoin (BTC) has taken center stage. A particularly striking development has emerged from the derivatives market, with Bitcoin futures on Deribit trading above the $100,000 mark for contracts expiring in March, June, and September 2025. This unprecedented surge in futures prices signals a profound shift in market sentiment and underscores the growing anticipation for Bitcoin's long-term potential.
The Deribit Phenomenon
Deribit, a prominent cryptocurrency derivatives exchange, has become a focal point for institutional investors and traders seeking exposure to Bitcoin's volatility. The exchange's robust trading platform and deep liquidity pools have attracted diverse market participants, from hedge funds to retail traders.
The recent surge in Bitcoin futures prices on Deribit can be attributed to several factors:
1. Institutional Adoption: A growing number of institutional investors, such as hedge funds and pension funds, are allocating a portion of their portfolios to cryptocurrencies. These institutions often prefer derivatives markets for their flexibility and risk management capabilities.
2. Regulatory Clarity: Increasing regulatory clarity in major jurisdictions, including the United States, has boosted investor confidence. As governments worldwide grapple with the implications of cryptocurrencies, a more favorable regulatory environment could further accelerate adoption.
3. Network Upgrades: Bitcoin's ongoing network upgrades, such as the Lightning Network and Taproot, are enhancing the efficiency and scalability of the blockchain. These improvements could lead to increased adoption and transaction volume.
4. Deflationary Nature: Bitcoin's limited supply and deflationary nature make it an attractive asset for long-term investors. As the demand for Bitcoin grows, its price is expected to appreciate over time.
A Glimpse into the Future
The $100,000 price level for Bitcoin futures represents a significant psychological barrier. Breaking through this level could further ignite bullish sentiment and attract new investors to the market. However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.
While the long-term outlook for Bitcoin remains optimistic, short-term price fluctuations are inevitable. Investors should approach the market with a long-term perspective and be prepared for potential volatility.
The Road Ahead
As Bitcoin continues to evolve and mature, its role in the global financial system is likely to expand. The recent surge in futures prices on Deribit is a testament to the growing recognition of Bitcoin's value proposition. However, it is crucial to remain cautious and conduct thorough research before investing in cryptocurrencies.
Potential Challenges and Risks
Despite the bullish sentiment, several challenges and risks could impact Bitcoin's price trajectory:
1. Regulatory Uncertainty: While regulatory clarity is increasing, inconsistent regulations across different jurisdictions could create uncertainty for investors.
2. Market Manipulation: The cryptocurrency market is susceptible to market manipulation, especially by large players with significant financial resources.
3. Security Risks: Hackers and cybercriminals pose a constant threat to cryptocurrency exchanges and wallets.
4. Economic Downturns: Economic downturns and geopolitical tensions could negatively impact the cryptocurrency market.
Conclusion
The recent surge in Bitcoin futures prices on Deribit marks a significant milestone in the cryptocurrency market. However, investors should approach the market with caution and be aware of the inherent risks. As the cryptocurrency industry continues to evolve, it is essential to stay informed and adapt to the changing landscape.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice.1 Please conduct your own research2 or consult with a financial advisor before making any investment decisions.
How Do They Contribute to the Surge Above $100K on Deribit?A New Era of Crypto Adoption Dawns
The cryptocurrency market has been ablaze with bullish sentiment, and Bitcoin (BTC) has taken center stage. A particularly striking development has emerged from the derivatives market, with Bitcoin futures on Deribit trading above the $100,000 mark for contracts expiring in March, June, and September 2025. This unprecedented surge in futures prices signals a profound shift in market sentiment and underscores the growing anticipation for Bitcoin's long-term potential.
The Deribit Phenomenon
Deribit, a prominent cryptocurrency derivatives exchange, has become a focal point for institutional investors and traders seeking exposure to Bitcoin's volatility. The exchange's robust trading platform and deep liquidity pools have attracted diverse market participants, from hedge funds to retail traders.
The recent surge in Bitcoin futures prices on Deribit can be attributed to several factors:
1. Institutional Adoption: A growing number of institutional investors, such as hedge funds and pension funds, are allocating a portion of their portfolios to cryptocurrencies. These institutions often prefer derivatives markets for their flexibility and risk management capabilities.
2. Regulatory Clarity: Increasing regulatory clarity in major jurisdictions, including the United States, has boosted investor confidence. As governments worldwide grapple with the implications of cryptocurrencies, a more favorable regulatory environment could further accelerate adoption.
3. Network Upgrades: Bitcoin's ongoing network upgrades, such as the Lightning Network and Taproot, are enhancing the efficiency and scalability of the blockchain. These improvements could lead to increased adoption and transaction volume.
4. Deflationary Nature: Bitcoin's limited supply and deflationary nature make it an attractive asset for long-term investors. As the demand for Bitcoin grows, its price is expected to appreciate over time.
A Glimpse into the Future
The $100,000 price level for Bitcoin futures represents a significant psychological barrier. Breaking through this level could further ignite bullish sentiment and attract new investors to the market. However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.
While the long-term outlook for Bitcoin remains optimistic, short-term price fluctuations are inevitable. Investors should approach the market with a long-term perspective and be prepared for potential volatility.
The Road Ahead
As Bitcoin continues to evolve and mature, its role in the global financial system is likely to expand. The recent surge in futures prices on Deribit is a testament to the growing recognition of Bitcoin's value proposition. However, it is crucial to remain cautious and conduct thorough research before investing in cryptocurrencies.
Potential Challenges and Risks
Despite the bullish sentiment, several challenges and risks could impact Bitcoin's price trajectory:
1. Regulatory Uncertainty: While regulatory clarity is increasing, inconsistent regulations across different jurisdictions could create uncertainty for investors.
2. Market Manipulation: The cryptocurrency market is susceptible to market manipulation, especially by large players with significant financial resources.
3. Security Risks: Hackers and cybercriminals pose a constant threat to cryptocurrency exchanges and wallets.
4. Economic Downturns: Economic downturns and geopolitical tensions could negatively impact the cryptocurrency market.
Conclusion
The recent surge in Bitcoin futures prices on Deribit marks a significant milestone in the cryptocurrency market. However, investors should approach the market with caution and be aware of the inherent risks. As the cryptocurrency industry continues to evolve, it is essential to stay informed and adapt to the changing landscape.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice.1 Please conduct your own research2 or consult with a financial advisor before making any investment decisions.
Bitcoin analysis for long term I think that Bitcoin is about to end the current bullish cycle that came about because of the recent wars. Bitcoin followed gold in the last two years in the upward trend because of the wars, the war between Ukraine and Russia, the Israeli war on Gaza and Lebanon, and the global political and economic conflicts, which led to a very large rise in Bitcoin and gold, but I think that this current cycle is about to end after these wars reached closed areas and brought prices to very inflated prices. I think that this is a very big opportunity in alternative currencies because they will start to rise because many will liquidate Bitcoin by buying alternative currencies in order to increase profits and exit in the upward trend. I think that alternative currencies will rise between 100% to 1000% for each currency, so I see it as a suitable opportunity to get rid of Bitcoin between the current prices up to $105,000, and after that there will be downward waves that will last for a period that is not short, but may extend for months or years.
BITCOIN analysis for long term I think that Bitcoin is about to end the current bullish cycle that came about because of the recent wars. Bitcoin followed gold in the last two years in the upward trend because of the wars, the war between Ukraine and Russia, the Israeli war on Gaza and Lebanon, and the global political and economic conflicts, which led to a very large rise in Bitcoin and gold, but I think that this current cycle is about to end after these wars reached closed areas and brought prices to very inflated prices. I think that this is a very big opportunity in alternative currencies because they will start to rise because many will liquidate Bitcoin by buying alternative currencies in order to increase profits and exit in the upward trend. I think that alternative currencies will rise between 100% to 1000% for each currency, so I see it as a suitable opportunity to get rid of Bitcoin between the current prices up to $105,000, and after that there will be downward waves that will last for a period that is not short, but may extend for months or years.
Is Bitcoin's Bullish Breakout a Catalyst for a 90% Rally?
Bitcoin, the world's largest cryptocurrency, has been making significant strides in recent months, with several key metrics signaling a potential for a substantial price surge. Analysts and traders are closely watching these developments, which could propel BTC to new all-time highs.
Key Metrics Pointing to a Bullish Future
A confluence of technical indicators and market sentiment suggests that Bitcoin is poised for a significant upward move. Here are some of the key factors driving the optimism:
1. Classic BTC Price Chart Metrics:
o Golden Cross: A bullish crossover of the 50-day and 200-day moving averages, often seen as a strong buy signal.
o Relative Strength Index (RSI): A momentum oscillator that indicates whether an asset is overbought or oversold. A reading above 70 suggests overbought conditions, while a reading below 30 indicates oversold conditions.1
o Moving Average Convergence Divergence (MACD): A trend-following momentum indicator that shows the relationship between two moving averages.2 A bullish crossover of the MACD line above the signal line is often interpreted as a buy signal.
2. Bitcoin ETF Options Launch: The launch of Bitcoin ETF options has generated significant interest and liquidity in the market. This development could attract institutional investors, who may view Bitcoin as a viable asset class for diversification and portfolio growth.
3. Strong Market Sentiment: Traders and analysts are increasingly bullish on Bitcoin's long-term prospects. Many believe that the cryptocurrency has the potential to reach $100,000 or even higher in the coming years.
Potential for a 90% Rally
Given the strong fundamental and technical factors, some analysts are predicting a 90% rally in Bitcoin's price. Such a move would take the cryptocurrency to unprecedented heights, surpassing its previous all-time high. However, it's important to note that the cryptocurrency market is highly volatile, and price predictions should be taken with a grain of salt.
The Road Ahead
While the future of Bitcoin is uncertain, the recent bullish signals suggest that the cryptocurrency could be on the cusp of a major bull run. However, it's essential to approach investing in cryptocurrencies with caution and to conduct thorough research before making any investment decisions.3
Disclaimer: This article is for informational purposes only and4 should not be construed as financial advice. It's crucial to consult with a qualified financial advisor before making any investment decisions.
Additional Considerations
As the cryptocurrency market continues to evolve, it's important to consider the following factors:
• Regulatory Landscape: Government regulations can significantly impact the price and adoption of cryptocurrencies.
• Market Manipulation: The cryptocurrency market is susceptible to manipulation by large investors and whales.
• Technological Advancements: Technological advancements, such as layer-2 solutions and improved scalability, can positively impact Bitcoin's performance.
• Economic Factors: Global economic conditions, such as inflation and interest rates, can influence the demand for Bitcoin.
By staying informed and understanding the risks involved, investors can navigate the volatile cryptocurrency market and potentially reap significant rewards.
BTC sell???📊 Analysis by AhmadArz:
🔍 Entry:
Breakout Confirmation: $90,700
A breakout from the symmetrical triangle indicates strong momentum, suggesting a downward trend.
🛑 Stop Loss:
Level: $92,563
Place your stop loss above the breakout point to minimize risk.
🎯 Take Profit:
1️⃣ TP1: $88,959 (First support zone)
2️⃣ TP2: $86,250 (Key demand level)
3️⃣ TP3: $83,505 (Strong historical support)
🧠 Analysis Overview:
The symmetrical triangle pattern on the 1-hour BTCUSDT chart is a classic continuation pattern. With a confirmed breakout, this setup presents a great risk-to-reward ratio.
📉 Additional Notes:
Increased volume during the breakout adds validity to this move.
Monitor RSI for signs of overbought/oversold conditions.
Price action near $88,959 will determine if the trend strengthens or consolidates.
🔗 "Stay ahead of the crypto market with AhmadArz!
💡 Join us on TradingView for expert insights backed by five years of market expertise."
🚀 Boost this idea and💬 share your feedback below!
What do you think is being shown on BTC Bitcoin BTCUSDT chart ?What do you think is being shown on the OKX:BTCUSDT chart?
(pls vote at comments)
💔 Head and Shoulders - after breaking through and consolidating below 88.K, the price of CRYPTOCAP:BTC will continue to move towards $81.500
🐳 Consolidation in the form of a triangle with an exit upwards and the continuation of the movement of the #Bitcoin price towards $100,000
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Head and shoulders patternAfter a 7 month consolidation period, BTC printed a beautiful Bull flag that recently filled its target and looks to be forming a head and shoulders pattern with a target around 83K.
BTCUSDT 1D - Resistance ZoneBTCUSDT 1D - Resistance Zone
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BTCUSDT 1D - Resistance Zone
We are in a high resistance zone and we will see if BTC manages to break it and consolidate prices above.
BTC LEVELS:
Resistance: 93k-95k
Support: 68k - 72k
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I share with you my technical analysis assessments on certain values that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, educate yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)
Next target for Bitcoin BTC price is $110k but there is a nuanceCRYPTOCAP:BTC price has reached $90000 - this is something incredible, considering that just 8 years ago we were trading #BTCUSD for $900) X100 is easy money if you save it)
And the coolest thing is that this is just the beginning)
However, no one on our planet has yet canceled the effect of gravity so everything that takes off will be attracted to the ground
OKX:BTCUSDT price needs a correction, at least to $77-78k. And even more so, this correction is needed for altcoins, so that the “fresh” capital that entered the cryptocurrency market through #Bitcoin CRYPTOCAP:ETH CRYPTOCAP:SOL CRYPTOCAP:DOGE CRYPTOCAP:TON can flow into low-cap #Altcoins
It may hurt a little at first, but it will be pleasant later
Use the correction period to monitor altcoins very closely to determine which ones are being redeemed, where there is strength and support, and the greatest chance of further growth
Or follow us, we regularly give tips;)
BITCOIN - why I expect (120K -130K) is a peak of this cycle
My wish is to reach $200k but I have a reason and I would like to share it with you.
The reason is related to historical and time assumptions and it is the core of the markets (logarithmic movement).
🔸Here are some statistics:
- Bitcoin's decline rate in 2014-2015 was 87%
- The decline rate in 2017-2018 was 84% (3% small difference).
- The decline rate in 2021-2022 was 77% (difference 7%)
🔸 - Why did 2022 record a lower rate? Because of time
Yes, because it rose to a close to the top with a slight difference early and had a full year until the end of the cycle, so it reached 64,000, then fell 55% and returned to rise 140% and formed a double top from this movement and ended its cycle on time in November 2022, as the oscillation process took 7 months on two sub-waves before the end of the cycle, so achieving the top before its time is important to settle the rest of the calculations.
But the two cycles 2014-2017 because the rate of rise was flexible and had space, it achieved large ascending rates and from there it fell directly without oscillation.
And we said with the passage of time and the stability of the cycle every 4 years and also we have decreasing peaks and bottoms, it will definitely work on oscillation when it achieves the main peak until the cycle ends.
🔸 Notice in blue the formation of the peaks and how they were different in 2021-2022 on M shape and indicator of exploiting the time period until the end of the cycle, which is expected to happen in this cycle for a long oscillation and the formation of more than one peak until the time ends and it falls.
🔸Ok now it has a very long time until the end of the current cycle which will end in November - December 2025 we are talking here about a whole year what will it do?
From this point of view everyone has seen the majority's expectations that it will rise to astronomical numbers 500k and a 1M we all hope for that but the reality is different.
So I currently expect 120,000 - 130,000 a major peak in which I guarantee myself not to enter into high assumptions and risks.
But be careful here an important condition must be met which is the basic sign of the end of the rise of Bitcoin ..
🔸 What is it? (The explosion of ALTS to the point of hysteria and here we say that the peak has been achieved).
This means that the violation of expectations and their conformity lies not in the rise of alternative currencies but in a crazy explosion regardless of whether the price of Bitcoin is higher or lower than my expectations.
🔸Okay, is there any objection to Bitcoin going to 200k and 300k?
Of course the answer is no in a restricted way, meaning that Bitcoin rises at a sharp angle like 2014-2017 and takes advantage of the entire cycle time, so it will naturally achieve those numbers, but it conflicts with the behavior of the logarithmic movement between price and time.
🔸Final point:
The percentage of the decline in the next cycle will be less based on past data. If we assume that the percentage will be between 65% and 60%, and considering that the main bottom will be between 58,000 and 48,000, Bitcoin's rise may extend to $150,000 as a maximum, but as I said, it is governed by the condition of the explosion of altcoins, as they are the ones who will determine the credibility of all those numbers and percentages.
BEST Regards Ceciliones🎯
Bitcoin update LTFBitcoin update... Today was liquidity day... I will wait for the next level to trade again...
Is Bitcoin's Bullish Momentum Sustainable? A Detailed AnalysisBitcoin, the world's largest cryptocurrency, has been on a tear recently, with prices surging to levels not seen in years. This article delves into the key factors driving this bullish momentum and explores the potential implications for the cryptocurrency market's future.
The Bull Flag Formation: A Technical Analysis Perspective
A key technical indicator that has caught the attention of analysts is the formation of a bull flag pattern on Bitcoin's price chart. This pattern is characterized by a sharp upward move, followed by a period of consolidation within a descending trendline. Once the price breaks out of this flag, it often leads to a significant upward move.
First Mover Americas highlighted Bitcoin's flirtation with the $90,000 level, emphasizing the volatility of the market. Such price swings are common in cryptocurrencies, particularly during periods of high momentum.
The Role of Retail Investors
While institutional investors have been a major force in the crypto market, retail investors, often referred to as "shrimps," have also played a crucial role in driving Bitcoin's recent rally. These shrimps have been actively accumulating Bitcoin, even as whales have been offloading their holdings. This suggests that retail investors are increasingly confident in Bitcoin's long-term potential.
Overheating or Sustainable Growth?
A common concern among investors is whether Bitcoin's rapid price appreciation is sustainable or if it is a bubble that is about to burst. Key metrics like the Hash Ribbons Indicator can provide valuable insights into the health of the Bitcoin network. The indicator, which tracks Bitcoin's hash rate's long-term and short-term moving averages, has recently crossed over, signaling strong miner confidence. This bullish crossover has historically been followed by significant price increases.
Furthermore, Bitcoin's Weekly RSI (Relative Strength Index) has entered the overbought zone, indicating that the asset may be overvalued in the short term. However, the last time the RSI reached this level, Bitcoin surged by over 80%. It's important to note that technical indicators should be used in conjunction with fundamental analysis to make informed investment decisions.
The Impact of Increased Trading Volume
The surge in Bitcoin's price has been accompanied by a significant increase in trading volume. This increased activity, driven primarily by retail demand, has further fueled the rally. As more and more investors flock to the cryptocurrency market, the demand for Bitcoin is likely to continue to grow.
Conclusion
Bitcoin's recent bull run has been fueled by a combination of technical factors, strong investor sentiment, and increased retail demand. While the cryptocurrency market is inherently volatile, the underlying fundamentals of Bitcoin remain strong. As the network matures and adoption grows, Bitcoin's long-term prospects appear promising.
However, it's essential to approach cryptocurrency investments with caution. Investors should conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
Idea for the next 2 weeks for BitcoinBitcoin flew up perfectly according to my scenario. Bitcoin went without reaching the full correction as I expected. It only reached 65300.
US elections determined the winner, Bitcoin reached the maximum point of 75000.
A. The descending channel is destroyed. The euphoria has passed, now we expect a correction according to the chart
1 - 70000
2 - 65000
Next, Bitcoin can calmly grow to 80000.
B. It is less likely to go straight to 80000 and then correct from there to 70000
Please like my post
Expired BTC.USD Weekly outlook. 2nd WK NOV 2024Expired BTC.USD Weekly outlook. 2nd WK NOV 2024
> BULLISH 📈 HIT
Prior Week Closed Price: 76,561
This Week Target Price: 78,039
Strike Price: 89,824 on NOV 11, 2024
Upper Range: 81,996
Lower Range: 74,083
Is Bitcoin the Next Golden Opportunity or Foolish Gamble?Bitcoin, the world's pioneering cryptocurrency, has once again defied expectations. Recently, it surged past the symbolic $90,000 mark, solidifying its position as the eighth-largest asset globally. This unprecedented rise has sparked intense debate among investors and analysts, with many wondering if Bitcoin could potentially reach the $100,000 milestone in November.
The Factors Fueling Bitcoin's Rally
Several factors have contributed to Bitcoin's meteoric rise:
1. Institutional Adoption: Major financial institutions and corporations are increasingly recognizing Bitcoin's potential as a valuable asset class. Companies like MicroStrategy and Tesla have invested heavily in Bitcoin, signaling a shift in mainstream perception.
2. Global Economic Uncertainty: As traditional economies grapple with inflation and geopolitical tensions, investors are seeking alternative assets to diversify their portfolios. Bitcoin, with its decentralized nature and limited supply, has emerged as an attractive option.
3. Network Upgrades: Bitcoin's underlying technology, the blockchain, has undergone significant upgrades, enhancing its scalability and security. These improvements have boosted investor confidence and paved the way for further growth.
4. Positive Regulatory Sentiment: While regulatory clarity remains a challenge in many jurisdictions, there have been positive developments, such as the recent approval of Bitcoin ETFs in the United States. These regulatory milestones have reduced uncertainty and encouraged institutional investment.
The $100,000 Question: Is It Feasible?
While Bitcoin's recent performance has been extraordinary, reaching the $100,000 mark in November is a lofty goal. Several factors could influence its trajectory:
• Market Volatility: Bitcoin is known for its extreme price volatility. Sudden market corrections or negative news events could derail its upward momentum.
• Regulatory Risks: Unfavorable regulatory policies or increased scrutiny from governments could dampen investor sentiment and impact Bitcoin's price.
• Technical Challenges: Scalability issues and network congestion could hinder Bitcoin's adoption and limit its potential for growth.
Is Now a Good Time to Buy Bitcoin?
The decision to invest in Bitcoin is highly personal and depends on individual risk tolerance and financial goals. While the cryptocurrency's long-term potential is promising, it's essential to approach it with caution and consider the following:
• Diversification: Bitcoin should be part of a diversified investment portfolio. Over-allocating to a single asset, especially one as volatile as Bitcoin, can expose investors to significant risk.
• Time Horizon: Bitcoin is a long-term investment. Short-term price fluctuations should be ignored.
• Risk Tolerance: Investors should only allocate capital to Bitcoin that they can afford to lose.
• Research and Due Diligence: Before investing, it's crucial to conduct thorough research and understand the risks involved.
Conclusion
Bitcoin's recent surge has captured global attention and sparked a wave of excitement among investors. While the potential for further growth is undeniable, it's important to maintain a realistic perspective. The $100,000 milestone, while ambitious, is not entirely out of reach, but it will require a confluence of favorable factors. As always, investors should exercise prudence and make informed decisions based on their individual circumstances.
BITCOIN Surges on 4H Chart – Is This the Trump Effect? BITCOIN (BTCUSDT) Analysis:
Bitcoin (BTCUSD) has delivered a stellar performance on the 4-hour timeframe, breaking through key resistance levels and smashing all targets in a stunning rally. Powered by the Risological Swing Trader, this trade showcases how technical precision meets market momentum for outstanding results.
Trade Summary:
Entry: $78,291.3
Stop Loss (SL): $76,997.5
Targets Achieved:
TP1: $79,890.4 ✅
TP2: $82,478.0 ✅
TP3: $85,065.6 ✅
TP4: $86,664.8 ✅
What’s Driving the Rally?
Market Sentiment: Speculation on potential macroeconomic shifts and regulatory developments has contributed to Bitcoin’s renewed upward momentum.
Is It the Trump Effect? Rumors linking political catalysts to financial markets have spurred speculation of increased demand for alternative assets like Bitcoin, further fueling its price surge.
Technical Precision: The Risological Swing Trader’s signal at $78,291.3 gave traders the perfect entry, leveraging clear risk management with a favorable risk-reward ratio.
Key Takeaways:
Green Trendline Support: Bitcoin followed a steep upward trajectory, supported by the robust trendline.
Volume Confirmation: Strong buying volumes confirmed the breakout, validating the upward movement.
Momentum Continuation: Higher highs and consistent bullish candles signal a continuation of this rally.
Conclusion:
Bitcoin’s remarkable rally has hit all targets, with the Risological Swing Trader proving its reliability once again. Whether it’s market sentiment or political influences like the "Trump effect," BTC remains the center of attention. For traders and investors, the key is to ride the trend while keeping an eye on potential reversals.
Namaste!
BTC Before Halving 2024My Thoughts for BTC before BTC's Halving 2024.
It is just an idea and not a financial idea.
BIG SHORT ENTRY at $80k down to $57k TargetAt last, we've reached the Upthrust (UT) in the Wyckoff distribution phase. The short entry target is set at $80k, exit at $57k (approx 30%), with expectations of turbulent price movements for at east a week.
In reflection of previous timings, I was 2 months out on timing (expected in September) but this is a 2 year process so I expect adjustments along the way.
Phase B. During this phase, institutions accumulate shares at lower prices, preparing for an eventual markup. This process can take a year or more, involving both buying shares and short sales to control price increases. Phase B often includes multiple secondary tests (STs) and upthrusts near the top of the trading range (TR). Overall, major players aim to acquire as much of the available supply as possible.
End-to-end, the whole distribution phase should last at least another 10 months until Stage E.
Best, Hard Forky
Is Institutional Demand Driving Bitcoin's Surge to $82,000?
Bitcoin, the world's largest cryptocurrency, has once again shattered records, surpassing the $82,000 mark. This significant milestone, achieved over the past 30 days, represents a remarkable 30% increase in value. The surge in Bitcoin's price is largely attributed to growing institutional interest, particularly evident in the booming Bitcoin ETF market.
Institutional Adoption Fuels the Rally
One of the primary drivers behind Bitcoin's recent bull run is the increasing adoption of Bitcoin by institutional investors. These large-scale investors, such as hedge funds, pension funds, and corporations, are recognizing the potential of Bitcoin as a valuable asset class.
A prime example of this institutional interest is the BlackRock Bitcoin ETF (IBIT). Since its launch, IBIT has attracted substantial inflows, with a recent daily inflow reaching a staggering $1.12 billion. This influx of capital from institutional investors has significantly contributed to the upward momentum of Bitcoin's price.
Unpacking the Demand Dynamics
To better understand the forces driving Bitcoin's price surge, it's essential to examine the various factors contributing to the increased demand:
1. Institutional Investment: As previously mentioned, institutional investors are increasingly allocating a portion of their portfolios to Bitcoin. This institutional buying pressure has a substantial impact on the cryptocurrency's price.
2. Retail Investor Enthusiasm: Retail investors continue to show strong interest in Bitcoin, particularly during periods of market volatility. This retail demand can further amplify price movements.
3. Global Economic Uncertainty: In times of economic uncertainty, investors often seek alternative assets like Bitcoin as a hedge against inflation and currency devaluation.
4. Technological Advancements: Ongoing advancements in blockchain technology, such as the Lightning Network, are enhancing Bitcoin's scalability and transaction speed, making it more attractive to users.
5. Regulatory Clarity: Increasing regulatory clarity in major jurisdictions is boosting investor confidence and facilitating institutional adoption.
The Road Ahead for Bitcoin
While Bitcoin's recent price surge is undoubtedly impressive, it's crucial to approach future price predictions with caution. The cryptocurrency market is highly volatile, and factors such as regulatory changes, macroeconomic conditions, and technological developments can significantly impact Bitcoin's price trajectory.
However, given the strong fundamentals and growing institutional interest, many analysts believe that Bitcoin's long-term outlook remains bullish. As the cryptocurrency ecosystem continues to mature and gain wider acceptance, Bitcoin could potentially reach even higher price levels in the future.
Conclusion
Bitcoin's recent breakthrough to $82,000 is a testament to its growing dominance in the cryptocurrency market. The surge in institutional demand, coupled with other positive factors, has propelled Bitcoin to new heights. While future price movements are uncertain, the long-term potential of Bitcoin remains significant, making it an asset worth monitoring for investors seeking exposure to the digital asset class.
$BTC the bull run is NOT finished, reminder to stop FUDIn another idea (check my idea), I had forecasted a -50% dump of CRYPTOCAP:BTC , and we are close. I also highlighted that on a weekly timeframe, CRYPTOCAP:BTC had been oversold due to ETF hype, which forced CRYPTOCAP:BTC to consolidate mid-bull market to reset the MACD and RSI to lower levels, just like in 2021.
Here was the idea:
Additionally, this idea perfectly forecasted what is happening now:
I also correctly predicted that all these CRYPTOCAP:BTC owned by external actors would have to be sold on exchanges to reach the market, negatively impacting the price action.
Now, here is an updated chart to my previous idea that accurately forecasted the current situation.
What is coming next?
Check the MACD. On the weekly timeframe, we are close to the same situation as in 2021 when CRYPTOCAP:BTC bounced back to go parabolic. The yellow line shows the level where the MACD could cross and reverse to finish this bull run successfully.
In the worst-case scenario, we might continue the downtrend pressure while the RSI and MACD reset lower.
This pressure counterbalances the bull run and is the reason why CRYPTOCAP:BTC does not have the energy necessary to pass over the top resistance and is ranging.
This range will continue until the weekly MACD crosses over and the RSI reaches the oversold territory.
The good news is that the more time it takes, the lower the MACD and RSI will be, the longer the final bull run will become, and the higher CRYPTOCAP:BTC will go.
MT.Gox, Germans, Genesis, and Grayscale have done their dumping, so the sky is getting clearer, and the sun is starting to shine.
I do not think this bull run will be canceled; there is no way it can happen. It can be delayed by external factors, but the charts are clear and clean. We are moving forward in a massive way as soon as CRYPTOCAP:BTC gets oversold.
From the chart, a true reversal in the trend should happen between 2 to 10 weeks.
Be patient, do not panic, do not sell your coins; your portfolio will turn back to green soon. DYOR.
