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BTCUSDC

#BTC - Amazing Long Setup Is #Bitcoin ready to break the legendary 100k mark that everyone is awaiting? Check out the analysis below! HTF Bias: Price broke the previous daily rejection block / supply zone / structural high, marked with a purple rectangle, which now means it should hold as a demand zone for later pullback From the swing low to high, if we trace a fibonacci retracement, we see that price perfectly rejected from the **Golden Zone - 0.618 - 0.768 **(in this case it barely hit 0.618) It bounced back to mitigate supply zone left behind, leaving behind the same flip zone (supply turning to demand zone), reversed and now it just sweeped the most recent liquidity, showing clear rejection signs, forming a huge wick LTF Bias: Now that the HFT is aligned with LTF, all that matters is where we entry the trade Given we already sweeped the most obvious liquidity, this is how I would place my trade Stop loss below the most recent sweep, Take Profit at the 1.236 mark on the Fibonacci Extension tool ​ What are your thoughts on this chart? Do you have any #Bitcoin in your wallet? What are your targets? Follow for more daily ideas!
Long
by tamastery
7
Is Bitcoin's Liquidity Index a Reliable Indicator for PredictingBitcoin (BTC) has been making significant strides in recent times, and a new analysis suggests that the cryptocurrency could reach a local top of $102,000 by January 2025. This prediction is based on the behavior of Bitcoin's liquidity index, a metric that measures the ease with which Bitcoin can be bought or sold. The Significance of Bitcoin's Liquidity Index The liquidity index is a crucial indicator of market sentiment and potential price movements. A higher liquidity index suggests increased investor interest and a stronger demand for Bitcoin. Conversely, a lower liquidity index may signal waning interest and potential price declines. Historical Correlation Between Liquidity Index and Bitcoin Price Historical data reveals a strong correlation between Bitcoin's liquidity index and its price. In the past, periods of high liquidity have often preceded significant price rallies, while periods of low liquidity have coincided with price corrections. The 2025 Prediction Based on the current trend of the liquidity index, analysts predict that Bitcoin could reach a local top of $102,000 by January 2025. This projection is supported by the historical correlation between the index and Bitcoin's price. However, it's important to note that this prediction is based on the assumption that the historical correlation between the liquidity index and Bitcoin's price will continue to hold. While this assumption is reasonable, it's not guaranteed. Several factors could influence Bitcoin's price trajectory, including macroeconomic conditions, regulatory developments, and geopolitical events. Potential Correction After the Peak Following the projected $102,000 peak, Bitcoin may undergo a correction to around $70,000. This potential correction could be driven by profit-taking, overbought conditions, or a shift in market sentiment. Factors Influencing Bitcoin's Price Several factors could impact Bitcoin's price in the coming months and years: 1. Macroeconomic Conditions: Global economic conditions, such as inflation rates, interest rates, and GDP growth, can significantly influence Bitcoin's price. 2. Regulatory Environment: Regulatory clarity and favorable policies can boost investor confidence and drive Bitcoin's adoption. 3. Institutional Adoption: Increased adoption of Bitcoin by institutional investors, such as hedge funds and pension funds, can provide significant price support. 4. Network Upgrades: Technological advancements and network upgrades can enhance Bitcoin's scalability and efficiency, attracting more users and investors. 5. Market Sentiment: Investor sentiment, including fear, greed, and speculation, can play a significant role in short-term price fluctuations. Conclusion While the liquidity index suggests a potential $102,000 peak for Bitcoin by January 2025, it's essential to approach this prediction with caution. The cryptocurrency market is highly volatile, and unforeseen events can significantly impact Bitcoin's price. Investors should conduct thorough research and consider consulting with financial advisors before making any investment decisions. It's also crucial to diversify one's investment portfolio and manage risk effectively. As Bitcoin continues to evolve and mature, its long-term potential remains significant. However, investors should be prepared for both upside and downside volatility in the short term.
BITSTAMP:BTCUSDLong
by bryandowningqln
Where are we in the Bitcoin Cycle?Let’s break it down: 1️⃣ 60-Day Cycle Count 2️⃣ Cycle Indicators 🧵👇 1️⃣ 60-Day Cycle 📆We’re on Day 20 of the cycle. 💡 Around this time, a small retracement to the mid-cycle low is normal. But here’s the bullish twist: ⚡ In bullish cycles, the mid-cycle low is HIGHER than: The previous cycle low Even the next cycle low ✅ Translation? We’re STILL climbing this cycle! 🚀 Expect upside in the next 1–2 weeks. 2️⃣ Cycle Indicators 📊The 2W, 1W, 3D, and 1D indicators just hit 80—a level that usually triggers a price drop. ⬇️ This marks the top of the 1W cycle and could signal some short-term cooling off. Summary 🧠 🌱 Day 20 of a bullish cycle = Growth ahead. 🔔 Short-term pullbacks = Buying opportunities. 👀 Watch for continued upside over the next 1–2 weeks. Stay on the line. #Bitcoin #Crypto #BTC #TradingView
BITSTAMP:BTCUSDLong
by TheStrategyMaster
1
Bitcoin's $92K Correction: A Deep Dive into the Real CulpritBitcoin, the world's largest cryptocurrency, has recently undergone a significant price correction, dipping below the crucial $92,000 level. While many analysts initially pointed fingers at the influx of Bitcoin Exchange-Traded Funds (ETFs) as the primary catalyst for this downturn, on-chain data paints a different picture. The Myth of ETF-Induced Selling Pressure The narrative that ETF inflows have been the primary driver of Bitcoin's recent price decline has gained traction in certain circles. However, a closer examination of on-chain data reveals a different story. • Long-Term Hodlers Remain Resilient: Despite the market downturn, long-term Bitcoin holders, often referred to as "whales," have shown remarkable resilience. These individuals, who have held their Bitcoin for extended periods, have not been significant sellers during the recent correction. • Short-Term Holders Under Pressure: In contrast to long-term holders, short-term holders have been more inclined to sell their Bitcoin, particularly during periods of market volatility. This suggests that the recent price decline may be more attributable to profit-taking by short-term investors rather than a broader market sell-off. A Normal Correction, Not a Bear Market It's important to recognize that the current price correction is a natural part of the cryptocurrency market cycle. Bitcoin has experienced similar corrections in the past, often followed by periods of consolidation and subsequent upward momentum. • Technical Analysis Suggests a Healthy Correction: A closer look at Bitcoin's technical indicators reveals a healthy correction. The Relative Strength Index (RSI) has dipped below the overbought level, indicating that the recent price surge may have been overextended. Additionally, the Moving Average Convergence Divergence (MACD) has crossed below the signal line, suggesting a potential bearish trend in the short term. • Support Levels to Watch: Traders and investors should keep an eye on key support levels, such as the 100-day moving average on the 4-hour chart. If Bitcoin can hold above this level, it could signal a potential reversal of the current downtrend. The Future of Bitcoin: A Long-Term Bullish Outlook Despite the recent price correction, the long-term outlook for Bitcoin remains bullish. Several factors continue to drive the adoption and value of Bitcoin: • Institutional Adoption: Major financial institutions and corporations are increasingly recognizing the potential of Bitcoin as a valuable asset class. This institutional adoption is likely to fuel further price appreciation in the long run. • Deflationary Supply: Bitcoin's fixed supply of 21 million coins ensures that its value will appreciate over time as demand increases. • Global Economic Uncertainty: As global economies grapple with inflation and geopolitical tensions, Bitcoin's appeal as a hedge against inflation and a store of value is likely to grow. In conclusion, while the recent price correction may have caused some short-term volatility, it is important to maintain a long-term perspective. Bitcoin's underlying fundamentals remain strong, and the cryptocurrency is well-positioned to continue its upward trajectory in the years to come. Disclaimer: This article is for informational purposes only and should not be construed as financial1 advice. It is important to conduct thorough research and consider consulting with a financial advisor before making any investment decisions.2
BITSTAMP:BTCUSD
by bryandowningqln
Understanding the Benefits of Long-Term Bitcoin HoldingThe Bitcoin market has been on a tear, recently surging towards the coveted $100,000 mark. Amidst this bullish momentum, a fascinating trend has emerged: long-term Bitcoin holders, often referred to as "hodlers," are showing no signs of capitulation.1 In fact, they seem more determined than ever to hold onto their coins, even as the price continues to rise. The Psychology of Hodling The concept of hodling, a deliberate misspelling of "holding," has become synonymous with the Bitcoin community. It encapsulates the idea of buying and holding Bitcoin for the long term, regardless of short-term price fluctuations. Hodlers are often driven by a deep belief in Bitcoin's potential as a revolutionary technology and a store of value.2 As Bitcoin's price has soared, some investors might be tempted to take profits and cash out. However, long-term holders are resisting this urge, choosing instead to remain patient and steadfast in their conviction. This behavior can be attributed to several factors: • Belief in Bitcoin's Long-Term Potential: Many hodlers view Bitcoin as a digital gold, a scarce asset with immense value potential. They believe that the current price surge is just the beginning of a much larger upward trend. • Fear of Missing Out (FOMO): As Bitcoin's price continues to climb, there's a fear of missing out on significant gains. Hodlers may worry that if they sell now, they might regret it later when the price reaches even higher levels. • The Halving Effect: Bitcoin's supply is halved every four years, reducing the number of new coins entering circulation.4 This event, known as the halving, is expected to have a significant impact on Bitcoin's price. Hodlers may be anticipating a substantial price increase after the next halving, scheduled for 2024. • The Network Effect: As more people and institutions adopt Bitcoin, its network effect strengthens. This increased adoption can lead to higher demand, driving the price up further. Why Hodling is Good for Bitcoin The fact that long-term holders are resisting the temptation to sell is a positive sign for Bitcoin's future. Here's why: • Reduced Selling Pressure: When fewer coins are being sold, it reduces selling pressure on the market. This can help to stabilize the price and prevent sharp declines. • Increased Price Stability: A lower supply of Bitcoin available for sale can lead to increased price stability. This can attract more institutional investors who prefer assets with lower volatility. • Stronger Market Fundamentals: The behavior of long-term holders demonstrates strong market fundamentals. It suggests that Bitcoin is perceived as a valuable asset with long-term potential. • Positive Market Sentiment: The resilience of long-term holders can boost market sentiment, attracting new investors and driving further price appreciation. In conclusion, the greed of long-term Bitcoin holders is a bullish indicator for the cryptocurrency market. Their unwavering belief in Bitcoin's potential, coupled with their willingness to hold onto their coins, is a testament to the strength of the Bitcoin community and the underlying technology. As Bitcoin continues its journey towards mass adoption, the hodlers will likely play a crucial role in shaping its future.
BITSTAMP:BTCUSDLong
by bryandowningqln
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.
BITSTAMP:BTCUSD
by bryandowningqln
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.
BITSTAMP:BTCUSDLong
by bryandowningqln
1
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.
BITSTAMP:BTCUSDLong
by bryandowningqln
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.
by alichfrcion
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.
by alichfrcion
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.
BITSTAMP:BTCUSDLong
by bryandowningqln
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!
Short
by ahmadarz
2
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 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
57
BTCUSDT 1D - Resistance ZoneBTCUSDT 1D - Resistance Zone TRADEX BOT NEWS: First strategic tests with the bot, offered spectacular results of 20% profit with "ALL" trades in positive (24h). We continue working on the small problems that have arisen, but for a diamond to become brilliant, the edges must be polished :) Thank you! _______________________________________________________ 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 __________________________________________________ Automated Cryptocurrency Trading Bots: All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downward or upward, for the orders to be executed in one direction or another, taking the necessary deposits from your portfolio. TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders. This tool is in the process of development and the BETA will soon be ready for testing. FOLLOW ME and I will keep you informed of the progress we make. 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 :)
Short
by DeuXfi
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🎯
BITSTAMP:BTCUSDLong
by ceciliones
2
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.
BITSTAMP:BTCUSD
by bryandowningqln