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Btcusdsignals

Bitcoin's Consolidation Raises Investor CautionBitcoin's steady climb since early November peaked on December 4th, breaking through the weekly supply zone from $40,387 to $46,999. The pivotal point at $43,860 signals the need for a breakthrough to sustain the upward trend. However, technical indicators suggest a possible opportunity for investors to wait for a dip before buying, anticipating a 2024 price surge driven by ETF enthusiasm. Despite Bitcoin being overbought, the Relative Strength Index (RSI) remains weak, hinting at a potential corrective phase. If RSI breaches 70, confirming overselling, Bitcoin's support from the upward trendline could weaken. A downside move might push Bitcoin below the $40,387 support level, potentially testing $37,800 in more severe scenarios. Bitcoin's consolidation reflects investor caution, pondering entry points amid signs of a temporary retreat before a potential future surge linked to ETF speculation in 2024
BITSTAMP:BTCUSD
by AdmamTrade
3
BTC/USD Forecast: Cautiously Positive ConsolidationBitcoin's price gains support from evolving central bank policies globally, particularly the US hinting at looser monetary policies in 2024. Short-term price dips may present buying opportunities. Potential support lies around $40,000, with $38,000 as an additional level in case of a substantial downturn. Resistance is projected at $45,000, targeting $47,500 next, a historically influential level for Bitcoin. Recent Bitcoin fluctuations signal uncertainty despite factors like potential ETFs and policy changes influencing market sentiment. Traders closely watch key levels for the next moves in this volatile market.
BITSTAMP:BTCUSD
by Larissa-Trader
BITCOIN The Ultimate Pitchfan Cycle AnalysisBitcoin (BTCUSD) has seen a significant mid-Cycle growth in the past 2 months, approaching the pivotal 50k level. Technically a break above the 48.5k Resistance, constitutes the beginning of the Parabolic Phase of the Bull Cycle. There isn't a better way to illustrate this transition than the use of the Pitchfan tool. Rarely used on BTC analysis and even more so on the long-term Cyclical patterns, it displays as you can see a very accurate illustration of the Cycles and specifically the stage we are currently at. Every Resistance break-out usually takes place around the Halving event, which is the fundamental that typically signals the start of the rally to a new All Time High (ATH). The market is only 4 months away from this event and based on this every pull-back to the 1D MA50 is a buy opportunity to Dollar Cost Average (DCA). So what do you think? Do you expect a Bullish Break-out into the new Parabolic Rally soon? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
10
"Bitcoin in 2024: Unveiling Trends and Market Dynamics"As a part of Messari's 2024 Cryptocurrency Thesis, the platform highlights the growth and impact of BRC-20, Ordinals, and Inscriptions. These new transaction forms, along with Tem and Runes, have surged this year, flooding the Bitcoin mempool and causing a notable spike in transaction fees. According to the thesis, engravings alone accounted for approximately 21% of total transaction fees in 2023, based on data available as of December 10. Bitcoin's price remains relatively stagnant over the past month, currently trading at $42,598. At this juncture, BTC shows no clear signs of upward or downward movement, likely to sustain consolidation within the range of $42,069 to $44,006. If Bitcoin manages to breach the resistance at the upper end of the range, a bullish breakout could occur, pushing BTC beyond $45,000. However, should BTC fall below the support level of $42,000, a correction might lead it down to $40,000, testing the 100-day Exponential Moving Average (EMA) at $42,000. The market outlook for Bitcoin in 2024 is influenced not only by existing factors but also by emerging trends and transaction methods, as detailed in Messari's comprehensive thesis on the cryptocurrency landscape. Investors are keenly watching for potential breakthroughs and developments that could shape the trajectory of Bitcoin in the coming year.
BITSTAMP:BTCUSD
by Larissa-Trader
BTCUSD H4 / POTENTIAL RISE UNTIL 48K 📈✅Hello Traders! This is my idea for BTCUSD H4. At the moment, BTC remains in consolidation, and soon I expect a rise until the price of 44.000 which is a strong resistance level. As a target, I see the price of 48k. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
BITSTAMP:BTCUSDLong
by GoodTradeST
#BTC/USDT Will Bears take over?#BTC is currently trading around the $42.6k level, with the 100-day moving average (100 MA) acting as support. Breaking below this level could lead us to the $40,222 level, which is the lower support for Bitcoin. I anticipate a bounce from the same level. Keep an eye on the 100-day moving average for the next few 4-hour closes. Ensure you book profits on your leverage positions. For spot, I am just holding my positions. Do hit the like button if you like my content. hope you are riding the alts I've recommended earlier in my charts. DYOR, NFA #PEACE
by Cryptorphic
2
BITCOIN Will it hit 48k before the New Year?Bitcoin (BTCUSD) is currently testing the 1-month Higher Lows trend-line that has been supporting the price action since the November 22 Low. Even though the 4H MA50 (blue trend-line) has been acting as a Pivot, the 4H MA200 (orange trend-line) has been intact and supporting since October 15 and is right below that Higher Lows trend-line. Technically, the price action from December 08 until now is similar to that between November 09 - November 27. What followed after the (d) wave bottomed on the Higher Lows trend-line was a +21% rally. If the final sequence is repeated as well, we can expect the 48300 March 2022 High to get tested. But what do you think? Will that be the case and if so, do you expect 48k to get hit before January 01 2024? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
13
BTCUSDT Analysis. I am short!! Swing Signal!!Hello everyone. i want share my idea about Bitcoin. Bitcoin had a pretty good year, we saw bullish price action which started one year ago and it gave us price action from 16200 to 44500 which is pretty good percentage, but what we will have in 2024, in my opinion price will fall down again and here is some reasons why i think that. with technique analysis at 44500 we had monthly resistance where we see price strong rejection once but it touched second time and it got same reaction, but i cant say the reaction was same or not because its Christmas days and we don't have high volume, but if we look at USDT dominance we will see USDT dominance tested weekly support twice, took some liquidity at second touch and got strong buyers which made fake brake out, if we look USDT Dominance at higher timeframe (1M,1W) we will see its in strong uptrend and this fall was correction of this trend. I think if i will be right and at start of year we will get bearish movement its possible to get next year bearish, i make some analysis at bitcoin, but i trust more to USDT Dominance analysis, with my trading strategy i am bearish at bitcoin where i have some scenes for that. Scene 1 - Bitcoin had strong reaction from sellers which broke not strong but not weak 4h support where i cant see any strong buyers for think that brake out was fake, at the moment bitcoin testing that resistance and getting some rejection from sellers, if i will be right at the moment it will fall strong which will stop a little bit time to 4h support. Scene 2 - Bitcoin don't have enough sellers for start bearish movement, for that it will make strong liquidity swing which will stop lot of people and active new sellers, new sellers will short it and we will get strong bearish movement of bitcoin. Scene 3 - in this scene i will be wrong, bitcoin will go higher, it will not have rejection from monthly support and my swing Position will get stop. My risk at this trade is 0.8% of my margin. Open position is at 43045, stop loss is at 46500 and take profit, i will follow the trend what i will have. Always manage your risk and make your own research!!! I will make some technique analysis at USDT Dominance and share at my TradingView page.
Short
by elmakacho
1
Bitcoin Surpasses 50 Million Addresses, Reaches All-Time HighBitcoin continues its robust upward trend, recently reaching a significant milestone by exceeding 50 million unconfirmed addresses. This achievement reflects increasing user adoption and widespread acknowledgment of cryptocurrency as a legitimate asset. With an average holding of approximately $16,000 per user, the implications for future price performance are substantial. The recent all-time high underscores strong confidence among investors and users, signifying a maturing market transitioning from speculative trading to broader acceptance and usage. The impressive bullish trajectory in the price chart, marked by higher lows and a growing number of addresses, indicates a solid foundation for future growth. Bitcoin's ability to maintain strong support adds to its resilience and appeal as a store of value. As each user represents an average organization with the potential to multiply, the overall value of the network may continue to grow exponentially, solidifying Bitcoin's position as a leading cryptocurrency. The increase in addresses with non-zero balances is not just a numerical milestone but evidence of trust and value placed in Bitcoin by millions worldwide. This expanding user base serves as a powerful driver for sustained and stable price performance, hinting at a promising future for Bitcoin's price potential.
BITSTAMP:BTCUSD
by AdmamTrade
Bitcoin Loses Dominance as Altcoins Lead the Market SurgeThe impact of altcoins taking the lead over Bitcoin is not particularly positive. Bitcoin dominance represents the percentage of the total cryptocurrency market held by the world's largest digital asset. Whenever this dominance increases, altcoins tend to lose influence in the market, but the rising value of altcoins is causing Bitcoin to lose its dominance. This is later considered a signal of the altcoin season, which at this point is still a long way from happening soon. This indicates that Bitcoin's dominance was affected on Thursday as it dropped to 53% after failing to breach 54%. The total market capitalization of cryptocurrencies, excluding Bitcoin, has increased by 6.83% in the past 48 hours, reaching $48.66 billion. Digital assets, including Solana, Optimism, etc., recorded increases ranging from 14% to 31% in just one day. This is largely due to the observed accumulation over the past few weeks, leading to assets worth tens of millions of dollars moving out of exchanges. Ethereum, Shiba Inu, Fetch, and Dent emerged as the largest coin-exchange reducing wallets. In the last three months, ETH worth $778 million, SHIB worth $54.6 million, and FET worth about $48 million have exited the exchange wallets. This hints at a long-term bullish trend, which is significant given the current optimism in the market. The Fear and Greed Index for cryptocurrencies is showing greed prevailing in the market. In general, prolonged periods of greed tend to lead to corrections caused by profit-taking from investors. However, a closer look at the cryptocurrency market reveals that it is eagerly awaiting stronger bullish signals, and altcoins are not likely to experience any significant downturn soon.
BITSTAMP:BTCUSD
by AdmamTrade
Bitcoin Price Surge: Key Factors Driving the Upward TrendOn the macroeconomic front, the influence of fundamental principles such as interest rates and inflation on Bitcoin is gradually diminishing. Other fundamental factors boosting Bitcoin prices in 2023 include the resolution of the year-long FTX lawsuit and the admission of money laundering charges by Changpeng Zhao (CZ), the CEO of rival exchange Binance. While these events stir volatility in the cryptocurrency market and act as catalysts for price fluctuations, Bitcoin's bullish momentum is rooted in three major events shaping the BTC market before 2024. These are: Bitcoin's price history records the strongest gains in the fourth quarter, with October emerging as the most active month. According to experts, the narrative surrounding the Exchange-Traded Fund (ETF) transition continues to dominate discussions among traders and investors, with an expected approval date ranging from January 5 to January 10. Bitcoin halving, scheduled for April 2024, is anticipated to kickstart the next phase of the price surge. In summary, the Bitcoin price surge is influenced by a combination of historical trends, ETF anticipation, and the upcoming halving event, setting the tone for the cryptocurrency market leading into 2024.
by Larissa-Trader
2
BITCOIN Disturbing Puell trend-line calling for Cycle top?Bitcoin (BTCUSD) is trading within the 0.618 - 0.786 Fibonacci retracement levels which is the last Resistance Zone before it typically attempts a test of the All Time High (ATH) on each Bull Cycle. We have seen on previous analyses how the RSI is showing that this is a possible Mid-Cycle Resistance level where pull-backs towards the 1W MA50 (blue trend-line) occur. ** The Puell Multiple ** This time we are looking into the Puell Multiple and we are no strangers to it as it is the indicator that helped us buy with no fear on June 28 2021 (see chart below) when it hit the 0.30 - 0.40 Support Zone: ** Two Mid-Cycle rejections ** Just as the RSI, the 1W Puell Multiple is approaching the 2.40 Resistance, which has historically caused 3 rejections (December 28 2015, June 20 2016, June 24 2019), the two latter being Mid-Cycle pull-backs (blue circles). ** Can it be a Cycle Top? ** This indicator however displays a very disturbing structure, having the price entering the Lower Highs Zone since the June 06 2011 High. This Zone has priced all previous Cycle Tops (June 06 2011, December 02 2013, December 18 2017 and March 15 2021). ** What is it this time? ** The question is, what kind of top is it this time? Mid-Cycle or Cycle High? Even though all other key indicators show it's the former, we shouldn't take this Puell signal lightly. Technically, as long as the 1W MA50 holds, there is room for at least one more High and practically this potential pull-back is a buy opportunity. Will a potential ETF approval distort this cyclical pattern though? If not, what do you think, is this a Mid-Cycle top or full Cycle High? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
10
Bitcoin- Recent price action is suggesting 48k target The previous month proved highly favorable for BITSTAMP:BTCUSD bulls, witnessing a remarkable 25% surge in price and establishing a new local high above 44k. Following this upward move, a correction ensued, yet the price found solid support around the 40k zone. After this correction, BTCUSD's price entered a consolidation phase, and the range of this consolidation is gradually contracting, indicative of a symmetrical triangle continuation pattern. The target for this pattern is set at 48k, with confirmation contingent on a breakout above the 43,500 zone. I maintain a bullish outlook on Bitcoin, contingent on the price remaining above 40k in terms of daily close.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
1
BITCOIN Stocks are hitting ATH earlier than BTC. Is it normal?The U.S. stocks are making new All Time Highs (ATH), with the Dow Jones already broken it, while the Nasdaq and the S&P500 (chart on the right) are very close too, while Bitcoin (BTCUSD) is almost -40% below its own ATH (chart on the left). Why is that and is it something normal? Short answer: yes. Throughout BTC's history, it was always trailing (sometimes by an incredible margin) when the S&P500 was breaching its previous ATH after a multi-month correction. You can see those on times on the charts above (S&P hitting ATH on the blue vertical line, BTC's level at this time on the orange vertical line). It is interesting to note that every other Cycle, BTC is closer to its ATH than the previous, i.e. currently it's closer as opposed to April 2019 and before that (July 2016) it was again much closer, while on February 2012 it was on the lowest margin ever. Could be a Cyclical dynamic. What's even more practical is that after every ATH breach for the S&P500, the index declines while Bitcoin rises, possibly in an early attempt to fill the gap. The reasoning behind stocks making new ATH first, is that even though they are classified as risky assets, they don't match the incredibly high volatility and risk factor of Bitcoin (cryptocurrency). And the idea is that investors feel more comfortable investing capital in riskier assets, after the main market/ economy is booming and is confirmed. What this tells you is that we are on the right Cyclical track as it happens every time on the same part of the Cycle. The stock market has left the 2022 inflation correction/ Bear Cycle back for good as it recovered all loses and is entering a new phase of expansion, and Bitcoin being closer to its Halving, is about to initiate the Parabolic Rally part of its new Bull Cycle. But what do you think? Will Bitcoin catch up sooner than expected this time? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
12
BITCOIN Global bonds and Yuan signal a strong rally ahead.Those who follows for long know that this is not the first time we mix bonds and Chinese liquidity into Bitcoin's (BTCUSD) long-term analysis. We do so as more than a year ago we discovered their importance on BTC's trending patterns, which is so much affected by the monetary supply. This time we decided to incorporate a fair Global Bonds Yield pool metric (blue trend-line) as well as the DXY/USDCNY ratio (red trend-line) in order to see on which stage of the liquidity cyclical patterns we are. Global bonds trading within a +10 year Channel Down but are on the new Bullish Leg. It still has a full year before it hit the top and last time it was on this symmetrical level, Bitcoin was starting a Parabolic Rally. At the same time the DXY/USDCNY ratio is having the recent June rebound rejected (red circle) in the same way it did on November 2016. BTC is already three strong bullish months in, rising since September. Do you think this is the start of a +1 year parabolic rally? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
1
Bitcoin Cash Surges After Whale AccumulationWhile Bitcoin Cash may not be making headlines in 2023, this altcoin is demonstrating optimistic signs starting in 2024. The Bitcoin-named cryptocurrency is undergoing a recovery, currently grappling with a crucial resistance level that has acted as a barrier to its recovery since July. Ahead of the FOMC meeting, investors exhibit caution, reducing risk as evidenced by a 40% drop in trading volume over the past 24 hours. Following the release of U.S. CPI data in November, the price of Bitcoin briefly surged to $42,000 before retracing. Looking ahead, the prevailing view is that the Fed will maintain interest rates at the target range of 5.25-5.50%. In the latest meeting in November, the FOMC held interest rates steady, consistent with the September meeting, signaling that rates may not change in the near future but remaining open to adjusting this stance based on economic conditions. The temporary halt in rate hikes is an anticipated outcome, allowing the Fed more time to assess whether the current interest rates effectively curb inflation that poses a threat to economic growth. The target range of 5.25% to 5.50% was raised during the July meeting, marking the 11th interest rate hike in the 2022/2023 cycle, all aimed at managing inflation. This explains the observed uncertainty in Bitcoin prices.
BITSTAMP:BTCUSD
by Larissa-Trader
📈Bitcoin golden position for left behinds📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. Let's make it simple. I think: Bitcoin will retest lower levels around 35k. (But the most important dynamic level is the weekly Bollinger midline.) Then the targets for the next jump are 45k, 47k and then 50k. Above these levels, the most important price resistance is around 52K and 55K. I personally bought some bitcoin close to 40k and will keep buying until the price is above 35k. (As you can see, Bitcoin touched the mid-Bollinger line on the daily TF) ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
Long
by CrazyS
1