Get started

Btcusdforecast

Bitcoin (BTC) Price Resurgence, Binance Coin (BNB) Hits a New HThe price of the primary cryptocurrency has been on an uptrend in the past few days, rising to as high as $71,700 on June 5. Currently, it hovers the $71,000 mark (per CoinGecko’s data), representing an 11% increase on a monthly scale. The resurgence coincided with record figures related to spot Bitcoin ETFs in the USA. Those products witnessed a total inflow of almost $900 million yesterday, the second-best day since their approval in January. Numerous analysts believe BTC could soar even higher in the near future, assuming certain factors are in place. The X user, Captain Faibik, predicted a rise above $90,000 should the asset surpass the “crucial resistance level” of $71,300. On the other hand, Ali Martinez assumed that a pullback is not out of the cards based on the TD sequential, which presents a sell signal on the four-hour chart. This technical analysis tool identifies potential price exhaustion points in the market and indicates when a trend is likely to reverse.
BINANCE:BTCUSDShort
by ShumbaFx07
BTCUSD - Topping out around 66k?BTC is yet to fully correct, at least on the weekly. In my eyes, these huge candles up are unsustainable without significant greed. Significant greed cannot continue indefinitely without returning to the mean (neutrality), and likely, significant fear. There are a few factors I believe will influence a correction: Greed across the traditional and crypto markets. See CNN's sentiment analysis and alternative.me's fear and greed index. Only 5% of institutional financial managers are planning to hold BTC in 2021 (volatility being cited as the main reason), implying the feverishness of 'mass adoption' is overstated and overhyped. Bitcoin is back in mainstream media. The more exposure it gets, the more FOMO and greed kick in, the more new investors pile in, the more people ready to buy right at the top and add selling pressure on the way down. Big green (or red) candles, while difficult to gauge the top, often result in big moves back down. Similarly, an almost vertical acceleration implies a significant deviation from its mean (anecdotally, the further and quicker something deviates away from its mean, the quicker it comes back). Currently, BTC's yearly EMA is almost exactly the previous ATH of $20k. Simply, a correction is due. It's gone up but hasn't come down much. So, knowing that a correction is due at some point, we can then try and forecast the top. While looking for similarities between the last ATH and this current rally, I noticed there was a period of consolidation, followed by a higher low that wicked down (marked on the chart). Using these points as anchors, the next anchors are the ATH and the last high at $42k. While the intraday levels of these fibs fit nicely, there are 2 extensions that caught my eye on the weekly that fit almost perfectly. The 1.618 level on the recent fib (grey) and the 3.618 level of the ATH fib (red) both sit around $66.1k and $66.3k respectively. Seeing how well the other levels line up through previous price action gives me confidence these are valid levels. I'll give coordinates at the end of this post so you can see what I mean. I've also included a 3-factor BB on the chart for confluence. While the weekly close tomorrow will change the upper band, its near-vertical ascent will likely eventually be punctured by price. As denoted by the red circles, a reversal has occurred every time a swing has formed there. Moreover, for an asset to exceed 3 times its weekly standard deviation should ring alarm bells in anyone's ears. Okay, so we know where the top might be. How can we make a trade based on this? I'll start with where I think it might end up. If we use $66k as our first anchor and the bottom of the last consolidation at about $3.1k, then the 0.618 level (blue line) lines up perfectly with the most recent fib's 0.618 level on the way up. This falls at $27.5k, or rather, a contraction of 61.8%. The tricky part is stop loss placement. I'm going to say that a technically invalid level would be past the 3.764 level of the ATH fib at $70k. Anything between $71-72k would likely invalidate this idea. In summary: Entry: $65k Stop: $71-72k TP: $27.5k, $31k if conservative, $42k if ultra conservative Let me know what you think and give me a follow for more. Happy trading! COORDINATES: ATH fib = (1) 1830.00, (2) 19666.00 Current fib = (1) 3122.28, (2) 42000.00 TP fib = (1) 66026.19, (2) 3122.28
BITSTAMP:BTCUSDShort
by pasojov
6
BTCUSD BULL FLAG TO 80K$Hello Traders As I can see BTC is now trading above the 60K$ after hit ATH and i CAN SEE A BULL FLAG HERE !!! If price does not break given Stop Loss level, then it can create a big move so don't miss it its a very low risk-based entry and higher rewards Friends Supply and Demand is issue now with BTC price it had HIT ATH and now retrace more then 14000$ its time to buy Halving did not creat any panic selling pressure as it had created in previous halving because its not 2010 or 2011 world now knows BTC is best asset which will kill inflation and its a Digital Gold many more things is there for bullish in BTC we are long term Bulls on BTC but these levels are important Its just a Trade Idea Share Ur thoughts with us it help many other traders
BITSTAMP:BTCUSDLong
by APEX_TRADING_ACADMEY
1
BTC Pullback, Road to 50kSimple trading - Lower lows and lower Key idea: If BTC can hold below 67k, this would create a lower high. A potential major SELLOFF BTC is currently trading in a bear market on the smaller timeframes. With the BTC halving on the way, it's clear as day that BTC will not hold above 70k. So to capitalize on the 3rd red weekly candle, we are looking to see if BTC will make one final pullback to the upside. It's fair game for BTC now that we enter the weekend break. if this is a pullback, now is the time to rise. Pay attention to the price level at 67000. This is the final resistance before BTC flies to a new ATH. As long as we reject this level we will continue to SELL. Currently in a buy at 63258 Stoploss in profit TP 66900 The SELL (new chart will be posted) Around 65k-68k seems like a good range for the price to break out. Wait for bearish candles and look to sell
COINBASE:BTCUSD
by nikdobii
BTC NEW BUYING ZONE FOR ATH TILL 80K$HELLO TRADERS As I can see #BTC is now trading @ 70K$ time of posting this trade idea we are expecting BTC can make a new all-time any time before Halving Friends its trading now above a local trend line and holding above 70k$ which is a support now we are buying from 64K$ as you can see our pervious posted analysis risk reward ratio is great on this trade there is many fundamental reasons behind this trade it's just a trade idea show Ur thoughts with us Stay Tuned for more updates!
COINBASE:BTCUSDLong
by APEX_TRADING_ACADMEY
BTC Market Insights: Expert Financial AnalysisIn today's financial landscape, Bitcoin (BTC) continues to capture attention and spark discussions among investors worldwide. As a seasoned financial analyst, I bring you insights into the latest developments shaping the BTC market. Bitcoin's recent price movements have been dynamic, influenced by factors ranging from institutional adoption to regulatory shifts and macroeconomic trends. Understanding these dynamics is crucial for investors seeking to navigate the volatile cryptocurrency market. In this analysis, we'll delve into key indicators and technical patterns driving BTC's price action. From support and resistance levels to market sentiment and fundamental drivers, we'll provide a comprehensive overview of the current state of the BTC market. Additionally, we'll explore emerging trends and potential catalysts that could impact Bitcoin's trajectory in the coming days and weeks. Whether you're a seasoned crypto trader or a newcomer to the space, this analysis aims to equip you with valuable insights to make informed decisions in the ever-evolving world of digital assets. Stay tuned for a deep dive into the BTC market and actionable strategies for navigating its fluctuations.
BINANCE:BTCUSD
by CaterinaGoldTrading
Bitcoin Analysis: Facing Key Decision ZoneAs seen in previous analyses, we have reached and broken the target ($67,000). We are now operating in a pivotal zone that could either continue selling and break the rectangle from the bottom towards $63,000, or break it from the top and rise back to $67,000, which has now become a resistance zone after previously serving as support. As indicated by technical analysis, clarity will emerge after this brief pause, especially as the new day's opening candle approaches, revealing who will dominate this challenging zone. I wish you success in your decision-making and finding the right place at the right time, and I hope this analysis proves helpful to all.
COINBASE:BTCUSD
by CaterinaGoldTrading
Decrypting Bitcoin: Insights from a Financial ExpertIn the fast-paced world of finance, few assets have captured the imagination and sparked as much debate as Bitcoin. As a seasoned financial expert, exploring the intricacies of this digital currency unveils a narrative brimming with innovation, volatility, and transformative potential. Bitcoin's Genesis: Born out of the aftermath of the 2008 financial crisis, Bitcoin represents a radical departure from traditional monetary systems. Its decentralized nature, underpinned by blockchain technology, challenges the status quo of centralized banking and heralds a new era of digital finance. With a fixed supply and transparent ledger, Bitcoin offers a glimpse into a future where trust is decentralized and censorship-resistant. The Rise of Digital Gold: In an era plagued by economic uncertainty and fiat currency debasement, Bitcoin has emerged as a digital counterpart to gold. Its properties as a scarce, fungible, and portable asset have attracted the attention of institutional investors and retail enthusiasts alike. With a growing recognition as a store of value and a hedge against inflation, Bitcoin's ascent from obscurity to prominence underscores its disruptive potential within the financial landscape. Navigating Market Volatility: Despite its growing adoption and mainstream acceptance, Bitcoin remains susceptible to bouts of extreme volatility. Price fluctuations, fueled by market sentiment and regulatory developments, are characteristic of an emerging asset class navigating uncharted waters. However, for astute investors, volatility presents opportunities for profit and portfolio diversification, provided they possess a robust risk management strategy. Democratizing Finance: Beyond its role as a speculative asset, Bitcoin holds the promise of democratizing finance and fostering financial inclusion. By circumventing traditional banking infrastructure, Bitcoin provides individuals in underserved regions with access to a global financial network. Moreover, its open-source ethos has spurred innovation, giving rise to a burgeoning ecosystem of decentralized applications and financial services. Harnessing the Potential: As financial professionals grapple with the complexities of digital asset management, Bitcoin offers a compelling avenue for portfolio diversification and risk mitigation. Whether embraced as a long-term investment or utilized for speculative trading, Bitcoin's asymmetric risk-reward profile presents opportunities for savvy investors to capitalize on market inefficiencies and emerging trends. In conclusion, the evolution of Bitcoin represents a convergence of finance, technology, and socio-economic change. As a financial expert, deciphering the intricacies of Bitcoin unveils a narrative marked by disruption, innovation, and transformative potential. Amidst the flux of market dynamics, Bitcoin stands as a testament to the power of decentralized finance and the democratization of wealth creation.
BITSTAMP:BTCUSD
by AdmamTrade
13
BTC up trend!Bitcoin (BTC) surges as cryptocurrency momentum strengthens. Amidst growing investor interest and positive market sentiment, BTC experiences significant price gains. Analysts attribute this bullish trend to increasing adoption, institutional investment, and favorable regulatory developments. As BTC continues to ride this wave of momentum, traders and investors capitalize on the upward trajectory, anticipating further price appreciation. Join us as we explore the dynamics driving BTC's ascent and its implications for the broader cryptocurrency market.
BITSTAMP:BTCUSD
by LiLy_Happy
Say hello to $92KWhen the image becomes reality!! Search the entire trading view, see which trader can analyze like me and predict the price jump of Bitcoin to 61,000, with only one scenario!! So, this is a very good reason for you to follow me, if you want to be added to my special channel (monthly fee of 110 dollars) send me a private message. Well, as you can see in the new analysis, we are now at a major resistance, so we can consider that Bitcoin can move a little lower to the sema, but this should not cause you fear, because it is still at my target, which is $92. It will move (sooner or later) hopefully don't miss this great profit.
BITSTAMP:BTCUSDLong
by ALI_LAZGIPOUR