BITCOIN 4H ANALYSIS (READ CAPTION)I Expected In Bitcoin BITSTAMP:BTCUSD Break Now This Heavy Support Zone (93,000/90,000).
What Do You Think? Can Bitcoin Finally Break The Heavy Support Zone (93,000/90,000) Or Not!?
According To The Theory Of Elliott Waves, Bitcoin Seems To Be In The Next Five Downward Waves After Completing The Double Top Pattern At The Resistance Level, And These Five Waves Can Break The Heavy Support Zone($93,400-$90,000).
Note: If Bitcoin Goes Above The Given Resistance (95,000/96,000) Any D1 Candle Close Above This Resistance We Can Expect More Pumps.
Note: There Is A Possibility That Bitcoin Will Drop Sharply And Make A Long Shadow.
Please Respect Each Other's Ideas And Express Them Politely If You Agree Or Disagree.
Bitcoin Analyze (BTCUSDT), 4-hour Time Frame
Trade Setup:
Entry: (95,000/96,000)
Target1 93,000
Target2 90,000
Target3 87,000
Target4 85,000
StopLoss: If D1 Candle Close Above The Resistance Then Close Your All Sell Trades
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Btcusdidea
BITCOIN / UNDER UPWARD PRESSURE / 4HBITCOIN / 4H TIME FRAME
HELLO TRADERS
Demand Zone (Support): 67.435 - 66.457
• Above this Zone: As long as the price remains above this range, it suggests a higher likelihood of a bullish trend, with potential to move upward.
• Potential Target on Stability Above: If prices stabilize above this demand zone, it may attract buyers, leading to an upward movement toward the supply zone.
Supply Zone (Resistance): 71.484 - 72.916
• Upside Potential: Should the price continue to rise after holding above the demand zone, it may reach this supply zone. This area could act as resistance, where selling pressure might increase.
Downside Risk and Confirmation of Downtrend:
• Break Below Demand Zone (66.457): If prices fall below the demand zone, it could signal the start of a decline, with a potential target around 65.320.
• Break Below 65.320: A drop below this level would further confirm a downtrend, suggesting stronger bearish sentiment.
Trend Confirmation:
• Uptrend: Stabilizing and maintaining price levels above the demand zone supports a bullish scenario.
• Downtrend: Breaking below 65.320 would confirm a downtrend, indicating a bearish
BTCUSD / Bitcoin Trade IdeaAfter reaching the target I'm looking to new setup. Currently I'm looking to position myself in short till we reach point A.
A) I want to see rejection of that level with bullish closure of higher timeframes = Long
B) I'll trail short a bit more in this case and look to long in point B with same criteria.
BUT I'll be more conservative and not have big expectations to reach higher prices labeled on chart (red line on top). That level is likely for scenario A in my perspective for now as I don't want to hold a position too long on those levels.
BTCUSDT The important support level at $53,600 should be kept for now.
If the price reclaims $55,500 and consolidates, this will open the gates for $60,000
If Bitcoin loses the $53,600 support and the price consolidates here,. $52,000 - $50,000 is just a matter of time.
At worst, Bitcoin will retest $48,000 - $46,000
Bitcoin Hashrate Emerges as Valuable Asset in Financial MarketsThe financialization of Bitcoin hashrate is rapidly emerging as a unique investment opportunity. Bitcoin's economic structure, especially the halving events every four years, pressures miners to optimize costs, driving them towards two primary energy strategies: grid-tied and co-location with power generators. Grid-tied miners benefit from economies of scale and participate in demand response services, while co-located miners target renewable energy sources, exploiting mismatches in energy demand and supply, according to Coindesk.
As Bitcoin mining continues to evolve, hashrate is being recognized as a distinct commodity with features like fungibility and divisibility, making it an attractive asset class. Investors can now engage in mining without owning hardware, using derivatives to hedge against price fluctuations. The profitability of mining is determined by the difference between hash price (market value of mining power) and hash cost (expenses related to mining). A profitable operation requires the hash price to exceed hash cost, with competition and energy costs influencing this dynamic.
The market has also seen the introduction of hashrate-linked financial products, providing more data points to predict network events' impact on blockspace demand and transaction fees. For instance, during periods of high blockspace demand, miners can lock in future revenue by selling hash price futures. As Bitcoin's ecosystem continues to grow, the role of hashrate as a tradable asset is expected to gain further significance, attracting more attention from capital markets.