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BTCUSDC

Bitcoin BTC price decides where to go nextAlmost all indicators are at extremely critical and decisive points: 1️⃣ CRYPTOCAP:BTC - $68300 2️⃣ BTC.D - 59% and continues to update local highs 3️⃣ USDT.D - 5.25% on the verge of a breakout or rebound upwards 4️⃣ Fear and Greed Index - 73 (greed) 🐳 Blue scenario - a sharp exit from the correction channel and movement towards $77-78k. 💔 Red scenario - correction OKX:BTCUSDT to $64000, and maybe even to $ 61k Vote which scenario you think is more likely. We will supplement this idea with interesting charts and our own opinion after we have 100+ votes.
by P_S_trade
2
BTC - 4H fall for nowWhen it comes to market sentiment, a popular saying is, “When everyone is on the same side, it’s time to go the other way.” This concept aligns with the contrarian trading strategy, where savvy traders often position themselves in the opposite direction of the majority. Currently, with widespread excitement and optimism about a potential BTC bull run, it’s possible that we’re setting up for a correction rather than a sustained rally. Historically, markets tend to pull back when optimism reaches a peak. For example, in 2017, as BINANCE:BTCUSD neared $20,000, the market sentiment was overwhelmingly bullish, yet that’s when BTC took a sharp downturn. Similarly, in early 2021, when Bitcoin was approaching $64,000 with much hype around institutional buying, we saw a significant correction that shook many investors. In this context, the chart here shows MARKETSCOM:BITCOIN touching a strong resistance zone around the $76,000 level. With sentiment bullish and many expecting a breakout, BINANCE:BTCUSDT may likely trap some of this optimism and head lower first to “clear out” the overly crowded long positions. This potential pullback could lead to a more sustainable rally later after the excess sentiment has cooled.
BINANCE:BTCUSDShort
by Sober_Trading
BTC conclusionAnalysis by Ahmadarz📊 Key Observations: 1. Support Zone: - 🛡️ A significant support zone is marked around 48,987.22, which has been tested multiple times as indicated by the green arrows. - 📈 The price has recently bounced from this support, suggesting strong buying interest in this area. 2. Resistance Levels: - 🚧 Multiple resistance levels are identified at 58,312.00, 62,497.20 - 62,454.00, 68,067.36, 71,773.98, and 76,514.94. - ❌ These levels are marked with red arrows and have historically acted as barriers to upward movement. 3. Chart Patterns: - 📉 A descending triangle pattern is evident, typically a bearish pattern. However, the price has broken below the triangle but then recovered, indicating potential bullish momentum. - 🔄 The chart suggests a possible bullish reversal, with the price projected to move upward after holding above the support zone. 4. Price Action: - 💹 The current price is 55,530.01, showing a recent recovery from the lows. - 📊 There is a marked projection showing a potential upward move towards 76,514.94, passing through intermediate resistance levels. Detailed Analysis: - Bullish Scenario 📈: - 🟢 If the support at 48,987.22 holds, the price could see a gradual move upwards. - 🎯 Immediate targets would be the resistance levels at 58,312.00 and 62,497.20 - 62,454.00. - 🚀 A successful break above these levels could lead to further upside towards 68,067.36 and beyond. - Bearish Scenario 📉: - 🔴 If the price fails to hold the support at 48,987.22, we might see a retest of lower levels, potentially around 43,103.08 or even lower. - ⚠️ Failure to maintain above this critical support could indicate continued bearish pressure. Trading Strategy: 1. Entry 🛒: - Consider entering long positions near the support zone of 48,987.22 with a stop loss slightly below this level. - Alternatively, wait for a confirmed break above the immediate resistance at 58,312.00 before entering a position. 2. Targets 🎯: - Initial targets would be the resistance levels at 58,312.00 and 62,497.20 - 62,454.00. - Extended targets could be 68,067.36 , 71,773.98, and ultimately 76,514.94. 3. Stop Loss🛡️: - Place stop-loss orders below the support zone at 48,987.22 to manage risk. Conclusion: 📊 The chart suggests potential bullish momentum if key support levels hold, with several upside targets. However, traders should remain cautious and watch for any signs of weakness at the support levels. External factors and market sentiment should also be considered in conjunction with this technical analysis. 🚀📉💡
by ahmadarz
2
$BTC UPDATE: breakthrough confirmation, finally!CRYPTOCAP:BTC has finally broken out of its descending wedge channel! I’ve seen people claim otherwise, but they’re wrong! Both the daily and hourly charts confirm the breakout, and CRYPTOCAP:BTC is now sitting above the descending trendline, using it as support. What’s next? The most likely scenario is a correction to around $65.5k before a push to $71k. A new rising wedge pattern has formed, and we’re currently at the top, which is acting as resistance. The MACD is also hitting a top resistance level, and the RSI is at 63, signaling it's overbought and needs to reset. There’s also an RSI bearish divergence on the daily timeframe that needs to play out. All these factors point to a small pullback, reintegration into the rising channel at $65.5k, followed by a breakout and consolidation around $70k. However, another scenario could unfold. With Trump almost certain to win the election, investors may already be positioning for a pump. This could cause an anomaly, pushing CRYPTOCAP:BTC directly to $71k without consolidation, driven by FOMO. In this case, we’d see a pump to $71k and then consolidation between FWB:65K and $71k until the MACD and RSI reset lower. Let’s see how it plays out—Sunday afternoon should set the tone for the week ahead.
by CryptoNikkoid
10
BTC Potential Plan !BTC / USDT Summary : BTC finally made its first HH and HL after 6 months being in bearish pattern What next ? Correction started and i still think we will get strong bullish wave but first we have high chance to take liquidity at 59.2k or even 57k because there are much liquidity there and also won’t invalidate our pattern (HH and HL) After that a full bullish wave is expected to 73k as first target Invalidation of bullish plan : lose 52k daily Do u agree ? Let me know in comments section below 👇
Long
by Babenski
15
BTC Trend Shifting ? and ask about your altcoin analysisBTC / USDT Quick summary : 190 days have passed since the BTC topping in march 2024 at 73k Since that moment BTC was trading in downtrend with LH and LL What we can see in chart : finally we can start seeing serious bullish signals 1- First Higher low in 6 months 2- Triple bottom formation in RSI indicator What I wait and expect for next ? I think we can produce HH soon then a small final correction and after that UP ONLY Invalidation: Lose the current HL and continue again in LH and LL You can ask about your fav altcoin analysis in comment section below and I will try to reply all… Ask for 1 altcoin and write complete symbol (ex: BTCUSDT)
Long
by Babenski
80
Bitcoin's Bullish Trajectory: Derivatives Markets Signal The cryptocurrency market, particularly Bitcoin, is experiencing a surge in bullish sentiment, driven largely by trends in the derivatives market. Analysts and traders are increasingly optimistic about Bitcoin's potential to reach and even exceed the $80,000 mark before the end of 2024. The Role of Derivatives Markets Derivatives markets, which allow investors to speculate on the future price of assets, have been a key indicator of market sentiment. In the case of Bitcoin, derivatives like options and futures contracts provide valuable insights into the expectations of professional traders and institutional investors. Recent trends in the Bitcoin derivatives market suggest a significant uptick in bullish sentiment. The open interest in Bitcoin futures contracts, which represents the total number of outstanding contracts, has been steadily rising, indicating growing interest from market participants. Additionally, the implied volatility of Bitcoin options, a measure of market uncertainty, has been elevated, suggesting increased expectations for price swings. The Trump Factor: A Potential Catalyst A significant catalyst for Bitcoin's bullish run could be the potential election of Donald Trump in the 2024 U.S. presidential election. Trump's pro-business stance and his previous support for cryptocurrencies have led many to believe that a Trump presidency could be positive for the crypto market. If Trump were to win the election, it could lead to increased regulatory clarity for cryptocurrencies in the U.S., which could attract more institutional investors to the market. Additionally, Trump's policies could stimulate economic growth, which could indirectly benefit Bitcoin and other cryptocurrencies. Technical Analysis: A Bullish Outlook Technical analysis of Bitcoin's price chart also supports the bullish outlook. The cryptocurrency has been forming higher highs and higher lows, a classic bullish pattern known as a bullish uptrend. The recent breakout above the $72,000 resistance level has further strengthened the bullish case. Many analysts are now setting their sights on the $80,000 level, and some are even predicting a six-figure price target for Bitcoin in 2025. If Bitcoin can maintain its current momentum and break above the $80,000 level, it could trigger a significant price rally. Potential Risks and Challenges While the bullish outlook for Bitcoin is strong, it is important to acknowledge the potential risks and challenges that could impact the cryptocurrency's price. These include: • Regulatory Uncertainty: Changes in regulatory policies could negatively impact the cryptocurrency market. • Market Volatility: The cryptocurrency market is inherently volatile, and sudden price swings can occur. • Economic Downturn: A global economic downturn could lead to a sell-off in risk assets, including Bitcoin. Conclusion The convergence of bullish factors, including the positive sentiment in the derivatives market and the potential impact of a Trump presidency, has created a strong foundation for Bitcoin's continued upward trajectory. While challenges and risks remain, the potential for Bitcoin to reach and exceed the $80,000 mark in 2024 appears increasingly likely. Investors should conduct thorough research and consider their risk tolerance before investing in Bitcoin or any other cryptocurrency.
BITSTAMP:BTCUSDLong
by bryandowningqln
Will the US Elections Cause Bitcoin's Price to Fluctuate? Bitcoin, the world's largest cryptocurrency, has experienced a recent price dip amidst rising geopolitical tensions and investor uncertainty. The cryptocurrency market is bracing for potential volatility as the United States gears up for its upcoming presidential elections. Recent Price Dip and Market Sentiment The recent decline in Bitcoin's price can be attributed to several factors. Firstly, the ongoing geopolitical tensions, particularly between the US and China, have created uncertainty in global markets. Secondly, concerns about a potential global economic slowdown have also contributed to the bearish sentiment. However, despite the recent price dip, many analysts remain bullish on Bitcoin's long-term prospects. They believe that the cryptocurrency's underlying technology, blockchain, has the potential to revolutionize various industries. Moreover, Bitcoin's limited supply and decentralized nature make it an attractive investment for those seeking to hedge against inflation and economic instability. US Elections and Market Impact The upcoming US presidential elections are expected to significantly impact the cryptocurrency market. A change in administration could lead to shifts in regulatory policies, which could, in turn, affect the price of Bitcoin and other cryptocurrencies. Historically, the cryptocurrency market has exhibited heightened volatility during election years. Investors are advised to closely monitor political developments and their potential impact on the market. Diversification Strategy for Navigating Market Uncertainty To mitigate the risks associated with market volatility, analysts suggest diversifying investments across various asset classes. This includes Bitcoin, gold, commodities, and tech stocks. • Bitcoin: As a decentralized and digital asset, Bitcoin offers potential for long-term growth and diversification benefits. • Gold: Traditionally considered a safe-haven asset, gold can provide stability during times of economic uncertainty. • Commodities: Investing in commodities like oil, natural gas, and agricultural products can help hedge against inflation and economic fluctuations. • Tech Stocks: The technology sector has been a major driver of market growth in recent years. Investing in tech stocks can provide exposure to innovative companies and potential high returns. By diversifying their portfolios, investors can reduce their exposure to specific risks and increase their chances of achieving long-term financial goals. Technical Analysis: Short-Term Outlook From a technical analysis perspective, Bitcoin's recent price action suggests a potential period of consolidation. The cryptocurrency is currently trading below key resistance levels, and a break above these levels could signal a bullish trend. However, if Bitcoin fails to break above these resistance levels, it may experience further downside. Conclusion While the recent price dip and upcoming US elections have created uncertainty in the cryptocurrency market, Bitcoin's long-term potential remains strong. By adopting a diversified investment strategy and staying informed about market developments, investors can navigate the volatile market and capitalize on potential opportunities. Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Please consult with a qualified financial advisor before making any investment decisions.
BITSTAMP:BTCUSD
by bryandowningqln
Bitcoin Surge Continues! TP 3 Hit, Eyeing TP 4 Next!BITCOIN (BTCUSDT) 4H time frame Technical Analysis: Bitcoin (BTCUSDT) on the 4-hour timeframe shows a solid long trade with momentum intact. Price action has followed the upward curve supported by the Risological dotted trendline, providing a strong bullish foundation for the current rally. Key Levels: Entry: 61,732.3 Stop Loss (SL): 60,316.2 Target 1 (TP1): 63,482.7 ✅ (Hit!) Target 2 (TP2): 66,315.0 ✅ (Hit!) Target 3 (TP3): 69,147.4 ✅ (Hit!) Target 4 (TP4): 70,897.7 Observations : Bitcoin has already smashed through TP3, riding the wave of bullish momentum. The Risological dotted trendline is acting as strong support, indicating that TP4 is highly within reach. With TP3 completed, Bitcoin continues its bullish momentum. Keep an eye on the final resistance at TP4, as the price is showing no signs of slowing down!
Long
by ProfitsNinja
1