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Btcusdforecast

Bitcoin ETF to Further Democratize Financial Access Navigating the intricate landscape of blockchain technology and cryptocurrencies, roundtable host Rob Nelson engaged in a insightful conversation with Lule Demmissie, CEO of eToro USA. Their discussion delved deep into the future of digital assets and the evolving trends in cryptocurrency finance. Demmissie outlined how eToro users can trade not only bitcoin but also ether and over 20 other cryptocurrencies, emphasizing the democratizing aspect of digital assets. This democratization has enabled a broader audience to access a variety of alternative assets. According to Demmissie, this shift reflects the growing diversity in digital asset ownership. The conversation touched upon recent events in the cryptocurrency world, including the legal case involving Sam Bankman-Fried. Nelson pointed out that such fraud cases are not exclusive to cryptocurrencies but are common challenges in the financial world. He highlighted the cleansing effect these incidents have on the cryptocurrency space, supporting the potential democratization of bitcoin as a decentralized currency. The discussion then shifted focus to the anticipated launch of exchange-traded funds (ETFs) for bitcoin. Nelson expressed his belief that these ETFs would significantly democratize bitcoin, a sentiment echoed by Demmissie, who emphasized the importance of not solely concentrating on spot ETFs. She advocated for expanding the use of digital assets and decentralized finance (DeFi), envisioning a future where traditional finance (TradFi) and DeFi coexist to diversify risks in an increasingly complex world. As the conversation concluded, Demmissie underscored the potential of blockchain technology and tokens to empower communities and revolutionize non-profit sectors. She emphasized the role of technology in breaking down access barriers and democratization, a theme resonating throughout their discussion on the future of cryptocurrency. The dialogue between Nelson and Demmissie provided valuable insights into the current state and future potential of cryptocurrency, highlighting the crucial role of technology in democratizing finance and creating new opportunities in the realm of digital assets.
BITSTAMP:BTCUSD
by Larissa-Trader
We Could See a Macro Wyckoff Accumulation In my opinion we can see the big guys left their footrpints in shape of secondry test which plays a major roll in Wyckoff Accumulation Method I am not sure yet because of there are diffrent typs of Wyckoff Accumulation and Distribution so cant ruled it out which one is going to playout but the best method is wait and watch either we could find support at 15500$ which will be aslo considered as a Wyckoff Accumulation or we could take out that low to make ATL ( bottom ) for BITCION WHATS MORE LIKLY ? In my opinion more likely Bitcoin has to take that low to create a bottom arround 10K to 8K before new bullrun
Short
by MemoCrypto
5
Quick BTC update. It's Important.Hello traders, I hope you guys are doing well with your trades. BTC has made a sudden change in the recent price action but this was something that I already talked about in my previous analysis. After a good 7.5% gain from the lower support, BTC failed to break above the $37.9k resistance. It got rejected all the way to $36.4k where we have the 21 MA ($36.5k) support. We can expect a bounce back from this level where BTC will possibly try to break the $37.9k resistance once again but if the 21 MA support fails then $35.7k is the next expected support. That's it for now. I hope you find this update informative. Regards, Team Dexter.
KRAKEN:BTCUSD
by Dexter_The_Trader
"Bitcoin Price Rises Northward in Recovery Effort" Bitcoin's price is trending upward, attempting to recover recent losses that wiped out $90 million in open interest from the market. With the 25-day Exponential Moving Average (EMA) hovering at $34,572, BTC is striving to reclaim territory above the crucial resistance level at $36,788. To confirm an upward move, investors should monitor Bitcoin's price breaking and closing above $36,788. This would set the stage for BTC to target the highest range within $37,972 before reaching the psychological level of $38,000. In the case of a strong uptrend, Bitcoin's price could extend its reach to the psychological level of $40,000, representing a 10% increase from the current level. The Relative Strength Index (RSI) is pointing upward, indicating increasing momentum, while the Awesome Oscillator (AO) remains in positive territory, providing additional confidence in the bullish argument. Conversely, another rejection from the $36,788 resistance could lead to Bitcoin losing support from the 25-day and 50-day EMAs at $34,572 and $32,456, respectively, before descending into the supply zone, becoming a trend-reversal tool. In this scenario, it may test the 100-day EMA at $30,528.
BITSTAMP:BTCUSD
by Larissa-Trader
"Bitcoin Slides on ETF Closure Fears, $90M Profits Vanish" Bitcoin witnessed a nearly 5% decline on Tuesday, dropping to $35,500 as the cryptocurrency market grows apprehensive ahead of November 17. This downturn resulted in the liquidation of 119,246 million dollars in long positions, erasing $90 million in open interest for BTC. Alternative currencies also faced liquidation, totaling $194.57 million, under substantial selling pressure. Bitcoin holders and the entire cryptocurrency market are eagerly anticipating developments from the U.S. Securities and Exchange Commission (SEC) following recent statements that the financial regulatory body has a narrow 8-day window to approve or reject a Bitcoin spot ETF. With the closing window, the market is increasingly on edge. Bitcoin's 5% drop and the liquidation of $120 million in long positions come as the SEC remains silent just three days before the deadline. The lack of clarity or hints from the SEC regarding the ETF registration has led to a negative market response.
BITSTAMP:BTCUSD
by Larissa-Trader
1
Bitcoin Dips Below $37,000 Ahead of US CPI Data Bitcoin experienced a surge to nearly $38,000 last week, marking its first such peak since May 2022. However, the cryptocurrency faced a retreat, sliding to $36,880 as traders awaited the release of Consumer Price Index (CPI) data on Tuesday. The overall CPI, a closely watched inflation indicator tied to changes in the cost of living, is expected to show a 0.1% increase from the previous month in October. This marks a significant shift from the 0.4% rise observed in September. In his recent speech, Federal Reserve Chairman Jerome Powell stated that the US central bank would not hesitate to raise interest rates to ensure price stability. Powell expressed skepticism that the Fed had reached a sufficiently restrictive stance. Bitcoin traders remain cautious as the core CPI inflation rate, excluding volatile items like food and energy, indicating a long-term inflation trend, is predicted to stay at 4.1% YoY and 0.3% MoM. This price dip in Bitcoin ahead of the CPI data underscores the market's sensitivity to inflation figures and central bank policies. Investors are monitoring these developments closely as they assess the potential impact on the cryptocurrency market amid broader economic uncertainties.
BITSTAMP:BTCUSD
by Larissa-Trader
1
Bitcoin's Journey Towards the $40,000 Resistance Level Bitcoin has experienced a notable recovery over the past few months, surging from $25,000 to $38,000 in less than two months. The potential for further upward movement is anticipated in the coming days and weeks until it reaches the key resistance level of $40,000. The strategy involves waiting for the price to close above the minor resistance level of $3,718.5, with a plan to initiate a buy trade upon achieving this closure. The target for this trade is set at the daily main resistance level of $40,000. On smaller timeframes, such as the 15-minute chart, the price is forming a reverse head and shoulders pattern, indicating a continuation of the upward trend. Analyzing this currency pair, the focus is on the anticipation of a bullish breakout above $3,718.5. Once confirmed, traders may look for buying opportunities with a target set at the significant daily resistance level of $40,000. The presence of the reverse head and shoulders pattern on the 15-minute chart adds a bullish signal to the overall analysis, suggesting potential sustained upward momentum in the near term. However, as with any financial market, traders should exercise caution and be mindful of potential market fluctuations.
BITSTAMP:BTCUSD
by Larissa-Trader
1
Bitcoin Surges Past $37,000 in a Short Time On Thursday, November 9, the world's leading cryptocurrency, Bitcoin, rapidly surged above $37,000, approaching the $38,000 mark, marking its first such increase in 18 months. The remarkable 5.69% growth in less than a day (adding $2,000 to its price) is attributed to analysts at Bloomberg anticipating that the U.S. regulatory agency, the SEC, will face a "short window" to greenlight 12 Bitcoin futures ETFs, including BlackRock (NYSE: BLK) and Grayscale, within the next 12 days, starting from Thursday. Another Bloomberg analyst, James Seyffart, shared his expectation that the regulatory agency will approve the first BTC ETF in early January, stating a 90% probability of such an occurrence. Following Bitcoin's growth, Ethereum also experienced a significant increase, reaching $2,133. However, both leading cryptocurrencies have since lost some momentum, with Bitcoin trading at $36,943 and Ethereum at $2,071.
BITSTAMP:BTCUSD
by Larissa-Trader
Bitcoin's Surge Near $38,000 Amid Bitcoin ETF EnthusiasmOn Thursday, Bitcoin prices experienced a sharp rally, reaching a new 18-month high of around $17,999 before returning to $36,419. BTC/USD continues to trade within the confines of an upward channel on the 60-minute chart. The price of the leading cryptocurrency is currently trading above several levels of the 100-hour moving average. As a result, Bitcoin has risen into overbought territory on the 14-hour RSI indicator. From a fundamental perspective, Bitcoin is trading after building positive sentiment in the context of the enthusiasm surrounding the Bitcoin Spot ETF. While approval in the United States is still pending with the SEC, news emerged earlier this week that Hong Kong may consider joining the breakthrough and allowing Bitcoin Spot ETFs as part of their broader strategy for the cryptocurrency economy. BTC/USD is also influenced by the latest economic data from the United States. On Thursday, initial jobless claims for the week ending November 3 came close to surpassing expectations of 218,000, with the number of claims standing at 217,000. At the beginning of the week, U.S. consumer credit in September failed to meet the expected $10 billion, recording $9.06 billion instead. Wholesale inventories in the period also did not match the expected 0% change, posting a 0.2% change. In other areas, mortgage applications for the week ending November 3 increased by 2.5% compared to the previous -2.1% change in the prior update.
BITSTAMP:BTCUSD
by Larissa-Trader
1
Important Bitcoin Update: Must read.Hello Traders, BTC has experienced some recent volatile movements, causing concern among many in the trading community. In this update, I'll provide an analysis of the possible BTC scenarios. 1. The breakout above the resistance trendline, marked by a substantial green candle, appeared unsettling. This was followed by a significant red candle, as illustrated in the chart. 2. A correction seems imminent, not just for Bitcoin, but for the entire market. I continue to anticipate this correction. 3. Currently, BTC finds support at $35k and $36k. If it drops below the $35k support level, it may necessitate a reevaluation of the chart using a different timeframe. 4. If BTC exhibits a positive movement from these support levels (a bounce), it could present an attractive opportunity for buybacks or re-entry. Note: It's essential not to succumb to FOMO (Fear of Missing Out) while trading. Prior to investing, comprehensive research is crucial. Please refrain from regarding this as financial advice, and don't rely solely on this update. Equip yourself with a solid understanding of trading to ensure a safer journey. We appreciate your valuable time. Warm regards, Team Dexter.
KRAKEN:BTCUSD
by Dexter_The_Trader
Bitcoin Surges to $35,200: Crypto Market Optimism"Bitcoin's price has surged, reaching a 17-month high of over $35,200. This rapid increase of nearly $5,000 in just one day has pushed the total cryptocurrency market value beyond $1.24 trillion. As predictions about a Bitcoin ETF continue to rise, trading volume is nearing the $100 billion mark. Despite the upward trend, warnings about potential risks associated with late buy orders being erased by market makers have been issued. Analysts suggest that this market growth indicates a continued upward trajectory led by Bitcoin. Meanwhile, Steem, a potential alternative cryptocurrency, demonstrated significant potential with a 25% increase, outperforming Bitcoin's 12% rise. Investors are strongly advised to consider investing in Steem. Analyst James Stanley emphasizes the inverse correlation between DXY and BTC, predicting that upcoming Personal Consumption Expenditures (PCE) data on October 26, 2023, could significantly impact BTC prices.
BITSTAMP:BTCUSD
by Gwen_Humuna
Bitcoin - Dawn of the Dark with some LightI posted a similiar chart as private idea some days ago. () This idea here is an updated slightly adjusted version. If i look at the big rise from 2017/2018 and our current swing i see certain similarities. 1. We created a top. 2. Downtrend and retest of the 50% of the swing. 3. Uptrend from the 50% and creating a swing high that takes out the big upper resistance 4. Again going towards 50% but this time no big buying showing up. 5. Fall under the 50% and heading towards the 23% - this is where we are now in the current swing If both swings move similiar we should see the following happening now: 1. Move to the 23% level. 2. Buyers show up push price again towards the 50% level - but no clean retake 3. Price falling down again to the 23.60 Additional: In Both times we had Engulfs or SFPs of the High. Problems with this analysis: We cant deny that the retest of the 50% level on the second swing generated a Higher High (red line) - however its a weak Higher High as it barely went above the recent swinghigh. Besides the similiarities with the shakeout and retest of 2017. I classified it even as divergence or engulf in my recent analysis.
KRAKEN:BTCUSD
by a_tale_of_bulls_and_bears
[UPDATE BTC] BItcoin/M1 vs GOLD. Do you see it?M1 has caused problems for us BROTHERS. The current market divided by M1 resembles the gold market during a bear market, but it is happening three times faster due to the digital age. Based on this model, BTC may reach 35,000$ in 2023, undergo consolidation until the halving, and then drop to 8,000$ before beginning a new macrocycle. It is important to note that this is only one of my models and should not be taken as definitive.
CRYPTOCAP:BTC
by Homocryptus
Bitcoin Soars: iShares BTC Trust Listing Sparks RallyBitcoin (BTC) price is surging, gaining momentum after breaking through key weekly resistance. This increase has witnessed the leading cryptocurrency breaching crucial resistance barriers to set its sights on a high price target of $35,000. Bitcoin's price is on the verge of testing the $35,000 mark. BTC recorded a 17% increase in 24 hours, reaching a daily high of $34,741 on October 23rd. This surge was followed by a rapid decrease to the current price of $32,914, with further upward potential indicated as the Relative Strength Index (RSI) continues to show an upward trend. Increasing buying pressure could extend BTC's high momentum, aiming for the psychological level of $35,000.
BITSTAMP:BTCUSD
by Gwen_Humuna
Bitcoin's Comeback: Catalysts AwaitThe impact of the Federal Reserve's decisions on maintaining or reducing interest rates significantly influences the pricing of Gold and Bitcoin. While low-interest rates are generally favorable for Gold as they reduce the opportunity cost of holding the precious metal, Bitcoin's price reactions depend on various factors. If the Fed's monetary policy responds proactively to economic concerns or recessions, it could drive Bitcoin prices higher. However, there are factors beyond interest rates to consider. A potential rebound is anticipated due to the Bitcoin halving event scheduled for April 2024. Additionally, the approval potential of a Bitcoin ETF just before the SEC's initial deadline on January 10 could act as a catalyst for Bitcoin. Recent reports of approved ETFs quickly boosting BTC by 10% support this notion. This means that if the Fed chooses to maintain high-interest rates, it might exert downward pressure on Gold prices over time. However, Bitcoin could still sustain its upward trajectory based on other catalysts. According to Forbes' report, markets and policymakers anticipate that interest rates may only decrease by late 2024. Geopolitical situations and policies also influence the price fluctuations of both assets, making their relationship increasingly intricate. Nonetheless, based on predictions surrounding the Fed's policy decisions and catalysts like ETF approvals and the potential halving-induced price surge, Bitcoin might gradually begin to outperform Gold in the coming year.
BITSTAMP:BTCUSD
by Gwen_Humuna
1
BTCUSDHey Folks I used two best methods for Bitcoins Prediction Method 1 I used harmonic pattern on Bitcoin Which have two situations it could be Simple Shark 🦈 which is end at 0.886 fib ratio or it could be ALT Shark 🦈 which ends at 1.13 Second Method is I used Wyckoff method and I tried my best for it because it's a bit difficult pattern to analyze but anyway I have done it pretty well which also have two condition's which is Distribution schematic #1 and #2 Just wait and see where phase ( C ) gonna end.
BINANCE:BTCUSDShort
by MemoCrypto
Bitcoin/Gold Ratio Drops by Over Half from 2021 to 2023"The Bitcoin/Gold ratio continues to decline. This ratio, indicating how much gold is needed to buy one Bitcoin, has experienced a significant drop over the past two years. In November 2021, the ratio stood at 35, but by 2023, it had decreased to 15. According to Longtermtrends' calculations, in January 2022, this ratio narrowed from 24 to 9 by the end of the year during the cryptocurrency market downturn. In 2023, the ratio fluctuated between 10 and 15, showing that fewer ounces of gold are now required to purchase Bitcoin, indicating gold's superior performance compared to Bitcoin. Bitcoin awaits a resurgence driven by external catalysts. The impact of the Federal Reserve's decision to maintain or reduce interest rates will affect the pricing of both Gold and Bitcoin. While low-interest rates are often seen as positive for Gold, as they reduce the opportunity cost of holding the yellow metal, Bitcoin's price reaction depends on multiple factors. If the Fed's monetary policy reflects pre-emptive responses to economic concerns or economic downturns, it could push Bitcoin prices higher. However, there are factors beyond interest rates to consider. A potential recovery is looming with the Bitcoin halving event scheduled for April 2024. Additionally, the approval possibility of a Bitcoin ETF just before the SEC's first deadline on January 10 could serve as a catalyst for Bitcoin. This was hinted at by recent reports of ETF approvals that swiftly propelled BTC up by 10%. This means that if the Fed decides to maintain high-interest rates, it may exert downward pressure on Gold prices over time, but Bitcoin could still maintain its upward momentum based on other catalysts. Based on Forbes' report, markets and policymakers expect interest rates to only decrease by late 2024. Geopolitics and policies also influence the price movements of both assets, making the relationship more complex. However, based on predictions surrounding the Fed's policy decisions and catalysts such as ETF approvals and the potential halving-induced price surge, Bitcoin might gradually start to outperform Gold in the coming year.
BITSTAMP:BTCUSD
by Gwen_Humuna
1