Will BTCUSD drop significantly?
Rely on technical aspects. The market still maintains a strong upward trend. The first point is the universalization and value-added of digital currency, which is also the first choice to resist inflation. The second is continued weakness in the dollar, and the third is increased demand. Three simple points outline BTC’s strength. At the same time, mysterious buyers always cover their positions at low levels. The above adds strong support to the bottom of BTC.
BITSTAMP:BTCUSD CRYPTOCAP:BTC INDEX:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSD
Whether it is value investing or short-term speculation, I think the time to buy is sooner or later. Just need to measure your own financial situation. Can you bear the risk of a correction?
Based on the above, the following suggestions for buying BTC are given. The prices are based on tradingview's prices.
BTCUSD No. 1 Buying Position 72614
BTCUSD 2nd buying position 71535
BTCUSD 3rd buying position 70500
The strong support below relies on 70k, which is an important integer level.
Btcusdtlong
BTC MACRO Perspective - LONG Way to go📉Hi Traders, Investors and Speculators of Charts📈
It's been a while since I've done a macro update on BTC since the previous update.
I love the logarithmic view of BTC. It gives a clearer indication of price increases alongside growth. Although inflation and value factors aren't physically calculated into the price, seeing the upwards curve makes more sense from a "holistic view" that would include things such as growth and inflation.
A logarithmic chart view displays price changes as a percentage of the previous price. This means that equal vertical distances on the chart represent equal percentage changes, regardless of the absolute price level.
This is in contrast to a regular chart view, which displays price changes on an arithmetic scale. This means that equal vertical distances on the chart represent equal absolute price changes.
With help of great technical indicators, we can use the logarithmic chart as a sort of "roadmap".
The logarithmic trendline indicator (log trend channel) shows possible support and resistance zones. The logarithmic moving averages show possible support zones, and help identify if the price is generally trading bearish (under) or bullish (over).
First immediate support according to the logarithmic moving averages is around 51K:
Another interesting way you can use technical indicator in the MACRO timeframe, is by using the RSI such as this:
Here's another look at it from the MONTHLY logarithmic chart:
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CryptoCheck
Move coming for Bitcoin! My current TA suggests the next move for BTC is coming. However, which way? There are two possible scenarios. Scenario 1 will be an upside move with a move towards 77k. Scenario 2 will see a corrective move for BTC. I personally believe we will see scenario 1 play out. Most traders believe BTC will see a corrective move and I feel there will be a lot of short liquidations.
Let's see what happens ;)
BTCUSDT likely to move further up and set a new all time highThis is simply ballistic. The major resistance before this move to all time high was 50k-52k region. The price shied away just a bit there before breaking that level and moving up.This itself tells the story of the strength of the moves in the past couple of weeks. The only resistance, which was left, was a weekly resistance at WR1 level but at those levels, its always not a very significant ones. The price has found the way to move beyond it after initial push down towards 59k level. It seems that the price is going to close above the WR1 zone and that will open up the way to more upside moves. There is no need to be bearish and if you in a position, it makes sense to hold for now. Today's weekly close will probably confirm our hypothesis.
BTCUSD 3-9-2024 BULL RUNThis is my latest analysis for BTCUSD. We all know we just reached our previous high again of SWB:69K this month. Well, BTCUSD still have room to move. Right now we've reached a NEW high a little over $70k. BTC can continue to push for $80k or we can pullback for a retracement before we move to our ultimate target of $100k. I'm not saying $100k is the last highest point, but what I am saying, based off FIB levels, $100k is on the horizon to be a NEW ALL TIME HIGH. I will say this, prepare and do your own research. This is just the beginning of the NEXT BULL RUN. 2025 will be AMAZING. In this analysis you can see my levels I tend to track and target. Remember to enjoy the ride and take partial profits along the way. DON'T BE GREEDY!
#BTCUSDT: Heading towards $90,000?Dear Traders,
Our first entry turn out to be successful, now we are eying for second possible entry. Price is extremely bullish and there is very much likelihood that price might not come to area. If it does then it become really a great opportunity to buy swing holding. What is your opinion on this?
comment down below!
BTC BULL TARGET 2025As BTC will go Higher And Higher with respective correction of 20% to 30%. BTC top Can Not Be predictable but 190k is the conviction price for this bull cycle..
Real Game starts after halving Done If you Don't Understand Much In Crypto BUY What I suggest Here:-
This Cycle Higher Price
ARB $15-$20
VRA $.20-$0.30
FTM $6-$8
Dot $100
Ada $5-$10
Manta $20-$35
Allocate what you can afford :)
BTC : Called IT ! Bitcoin DID IT 🥳 New ATH LOADING📉Hi Traders, Investors and Speculators of Charts📈
I used a very specific technical indicator to call the start of a new ATH season. Find the details of the indicator and the idea below.
Link to old idea here 👇 :
I'll do an update tomorrow on where I see BTC going from here, since we still see a lot of buying pressure.
From here, I expect altcoins to start making their rallies . Find more info on alt season 2024 here:
Cheers to another profitable day in crypto 🥳 And remember to realize gains🥂
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BITSTAMP:BTCUSD
BITCOIN REACHED PREVIOUS HIGH $68,600What is next crypto traders.. My boys just sold more from the peak point, price is moving very fast and investors will soon have FOMO..
Many holders are just breaking even on their positions.. many said BTC is heading for $100k
What do you see on this chart, lets discuss..
BTCUSD
In the weekly timeframe, BTCUSD exhibits a bullish trend, although it's currently undergoing an Elliott correction wave (ABC), typically retracing between 50% to 61% of the previous move. Waiting for confirmation through bullish price action within this correction zone can provide a strategic entry point for buying opportunities, aligning with the overall upward momentum. This approach combines Elliott Wave Theory with price action analysis to enhance trading decisions.
Bitcoin Mega Bullish 58K InComing I see nothing between 43500-58k.
Everyone Bearish right here.
I will long the claim of 43500 targeting 57k.
The more it holds the more things turning Bullish in timeframes.
Clean Invalidation of this long idea is breaking below 41500.
So I'll definitely try a long if price comes towards 42k else I'll wait for the 43500 retest.
Clean and clear rejection from downside.
Slight upside will push it in high liquidity and massive Level.
Note: Not a Financial Advice.
Btcusd Looking Bullish Long trade Setup Btcusd Break the short time frame Resistance and already Break the main time frame Resistance.
Btcusd looking good for bullish move and must be going For New All Time high.
You can trade on btcusd in the long direction side as strong bullish move expected in the upcoming days as Well
Bitcoin Reclaimed Range Eq - Send It HigherBitcoin has just reclaimed the range eq on the hourly, signaling continuation to come shortly.
Yellow box displays the confirmed reclaim, and often these eq reclaims signal continuation in the trend.
Not saying BTC continues its push for the long term, but at least on this lower time frame it looks primed for a move upside.
Vatsik
📈Bitcoin Next Stage 70K? / 2 Scenarios ahead of Investors📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders.
The cryptocurrency market has entered its bullish rally, but keep in mind that Bitcoin miners are planning to sell their Bitcoin before the halving event in order to make a good profit from this price growth. Considering that the price is approaching the Fibonacci channel, the possibility of price correction in the coming weeks is very high.
Following the previous Bitcoin analysis, I closed my positions at around $50,000 and am not going to enter the trade on the current weekly candle, right now I am waiting for the next 3 days ahead.
The ATR level in period 3 shows around 8500, if the last weekly candle remains above this value, the price trend of the next week will be bullish.
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BTC: Do LEAP DAYS occur before NEW ATH's?📉Hi Traders, Investors and Speculators of Charts📈
Leap years are somewhat mysterious with many countries and cultures celebrating Leap Day as something special. But do the charts also celebrate leap days?
Just incase you didn't know, Leap years happen when we add one day to the end of February in order to align our calendar with the Earth's orbit. Once every four years, we add a 29th day onto the end of February, which is usually 28 days long, making a leap year 366 days instead of 365. The list of leap years in the first half of the 21st century is therefore 2000, 2004, 2008, 2012, 2016, 2020, 2024, 2028, 2032.
By looking at the two previous leap years recorded on BTC's charting history, we can clearly see that both Leap Days in 2016 and in 2020 was basically the start of a multi year cycle leading up to a new ATH. Now there's a reason why I put MULTI YEAR in bold.
It's important to manage expectations in terms of a timeframe for a new ATH. Even though BTC is extremely bullish right now, this does not mean we won't see corrections. Corrections are a normal and healthy part of any cycle. During corrections, money gets to rotate into alts and then we see big altseasons (which we haven't seen just yet). This tells us that there is still a large part of the bullish cycle left, and this is likely just the first impulse wave up (of three, Elliot Wave Theory).
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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COINBASE:BTCUSD
btcusdtbitcoin has been gathering strength for a long time. I expect the 8-12 month target to be around 87400 USD. I mainly think that the price will remain above 22900 and cannot make a weekly close below it. Therefore, I would like to say that any correction to be experienced is an opportunity to buy. Today is an opportunity for 45 thousand and 55 thousand dollars as soon as possible and I stand behind my analysis. Closings above the general target, with the general target being $87400, will also pave the way for a new historical rally for bitcoin.
Bitcoin $60 000 - $62 000 soon💥Hello friends!♥️ Yesterday Bitcoin sharply surged and Breakout an upward channel, that was formed since last July!
This ascending channel is typically traded by breakout, which occurred! The price target for the breakout is measured by the width of the channel - I've indicated it with dashed arrows! But there's a catch! Yesterday, I posted a chart, IMHO, it's essential for you to read it and carefully consider it!
On this chart, I've overlaid the same wedge in orange as in the previous post; I believe it holds significant importance for Bitcoin's future price action!
The upper boundary of the wedge is resistance, which may not be immediately broken, and the price in that area may undergo a correction! It's crucial to monitor these levels!
I anticipate a rise to levels around 60-62 thousand, and then we need to observe further!
What do you say? What's your forecast? Share in the comments! Thank you for your attention! Always sincerely with You🫶
Your Kateryna💙💛
BTC ROAD TO 200K: Its Not Magic Just Follow The Pattern Pinky: Its too early for a rally, Perky; we need a correction...
Perky: Hold my bear, Pinky; you'll get it when I'm high.
PS: This chart is a continuation of our previous BTC chart published on May 16, 2022, with slight modifications; a link to the previous chart is below.
Chart Keys
Orange Horizontal Line|~Prox Halving Dates
Yellow Bars: Range From Halving to ATH
Pink Bars: Range From ATH to Bottom
Red Channel: Period of Accumulation
Not so much has changed in our chart since the last time, with prices taking shape as earlier expected. Currently, we've seen the price scale through the accumulation phase after hitting the lows of <$16,000 in Nov 2022.
Highlights:
1. From charts, we can see it takes bitcoin exactly 3 years from the last ATH to get back to ATH levels again, as seen in 2013–2016, 2017–2020, and 2021–2024.
2. Usually, breaking ATH signifies the start of the MARK-UP phase in the cycle movement.
3. In the past, ATH is usually broken after halving has taken place, but this time we may be seeing a price break past ATH before halving, which is a massive change and huge indication for exponential growth. These changes might be due to Bitcoin ETF effects on the macro perspective.
4. After halving, we have approx. 1 year until the new ATH, and if the trend continues the way it is right now, we may see massive upside change.
My Expectations for the Cycle:
Usually, i base my BTC price expectations on several factors;
1. Total Market Cap: In the last cycle, we saw a 3X Mkt Cap growth from the previous ATH of about MIL:1T in 2017 to $3T in 2020. If the same applies, we might see net Mkt Cap grow from $3T in the last cycle to >$9T by 2025. This is very possible, as ETFs, futures, and mass awareness are already in place.
2013-2017 Cycle: Mass Awareness Propelled by Retail Investors.
2017-2021 Cycle: Futures Market, Institutional Acceptance by Mixed Retail/Institutions.
2021–2025 Cycle: ETF, Futures, Institutions, by All Parties.
Honestly, this might turn out to be the biggest cycle rally since the 2013–2017 cycle.
All things being equal, at $9T, Mkt Cap bitcoin dominance will likely be around 40–50%, which should set it at $T3.8–4.5 and likely put the price in the range of $178k to 238k/BTC. MASSIVE!!!
2. Halving Effect: This year, the halving effect should set the mining reward at 3.125 BTC per block, which would increase the average cost of mining from the previous $19k to about $38k. Naturally, this will set the new average fair price for BTC at $40,000 and, of course, the market value at $60,000.
Based on history:
2013 Cycle: >9000% Growth from Halving Price
2017 Cycle: >3000% Growth from Halving Price
2021 Cycle: >1000% Growth from Halving Price
2025 Cycle: >300% Growth from Halving Price???
As seen above, I'm expecting a 300% growth from the halving price, which likely should be from $60k to $180k, which is a fair value and tallies with our Mkt Cap Expectations above.
This makes a lot of sense as naturally supply and demand tend to kick in with full force after halving, and considering ETF in play, the demand will be massive, coming from large institutional investors, hedge funds, asset management firms, BTC intrinsic market trading being the best performing asset of the year, and so on.
PS: Chart will be updated after halving in April
Honestly, this might turn out to be the biggest cycle rally since the 2013–2017 cycle.
Disclaimer: This chart analysis is purely done with price action, personal observation, thoughts, and halving cycles; it does not take into consideration any fundamentals and should only be used for educational/entertainment purposes, not to be construed as a form of financial advice
Bullish Sign For Bitcoin!Bitcoin technical analysis update (Weekly Chart)
Bitcoin's weekly RSI falling from the last 2 years, In December 2020 weekly RSI touched 95 overbought levels, at the time BTC was trading at $42000 after that RSI started falling.
In the above chart, you can see Bitcoin 2 year-long Weekly RSI breakout above its trend resistance line, this is a good bullish sign for bitcoin.
Thanks
Hexa