Waiting for a big boost for the market, over 90K BTC💎 BTC PLAN UPDATE (April 16)
First of all, congratulations to the investors. Everything went according to our trading plan and we had very good comments. Specifically, yesterday the price fell from the 86k area straight to 83k. We had more than 3000 prices together. Today's BTC trading plan did not change much.
NOTABLE NEWS ABOUT BTC:
According to Bloomberg, Bitcoin (BTC) mining hardware manufacturer Bitdeer is preparing to launch its own mining operation in the United States (US). The company intends to speed up the shipment of equipment following President Donald Trump's announcement of a 90-day tariff suspension. In addition, the pressure from tariffs has led to a decrease in Bitcoin mining hashrate among miners in the United States over the past month.
TECHNICAL VIEW
Bitcoin has faced multiple rejections around the 200-day exponential moving average (EMA) at $85,000 since Sunday. On Tuesday, BTC attempted to break above this level but was rejected and fell 1.12%. At the time of writing on Wednesday, the price was hovering around $83,500.
If BTC closes above $85,000 on a daily basis, it could extend its rally to the psychologically important $90,000 level. A successful close above this level could extend the rally to test the March 2 high of $95,000.
Please continue to pay attention to the 84.2k resistance zone, this is an important resistance zone before we DCA to higher and more important areas
==> Comments are for reference only. Wish investors successful trading
Buybtc
BTC REBOUND? 〉$140,000 NEXTAs illustrated, I'm visualizing what the next impulsive wave could look like.
Price has broken out of a major daily trend line.
It makes sense for the week to have started trading lower to find it's low and potentially bounce with strength sometime this coming up week and into the next.
The next pivot area is between the $82,000 - $80,000 range based on previous week's lows and daily low levels.
An interesting buy opportunity is forming and the potential entry is illustrated as the "pivot area" marked in yellow.
Then we have a major pivot range near the $100,000 psychological price.
.
This could be a price where some short term traders get out "in case it's just a pull back before a collapse" type of decision.
We can't ignore how much price consolidated between 100,000 and 96,000; and so that is the next stepping stone for BTC before breaking to ATH's of at least $120,000.
My personal target is set at the 161.8% extension level as illustrated.
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GOOD LUCK!
Persa
BUY BTCDue to public demand, I have broken down my analysis on BTC, One thing to note is that big firms, hedge funds and commercials are short on BTC, So what will they do? They push price up so you give them liquidity. For me I see a push higher from this level 62000, targets above 68600 and stops below 60300 level. I think we will in future see a big drop when FOMO hits then the rally to 100k that everyone is waiting for. In the meantime we BUY. Use proper risk management.
BTCUSD / Potential Long Trade ✅💡Hello Traders!
BTCUSD is currently manipulating the price between 65-70k. I expect the BTC to retest the price of 70K before targeting the price of 80 K. I'm waiting for a retracement until the below FVG as a confirmation for a long entry, taking into consideration that we are in a triangle pattern that could result in a price breakout.
Wait for confirmation!
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BITCOIN Prediction in 2024 or 2025 - $105,900Looking at the daily chart, the rate at which Bitcoin has shot up is at an inclination of something around 60-70 degrees.
This could be bubble territory for downside to come. But NOT a crash.
There are two scenarios here.
1. Bitcoin rallies to $105,000 in 2024
If a rounding bottom is established with the price rallying above the neckline, the anticipation of the halving could lead to increased buying activity, pushing prices towards my projected target of $105,900.
Investors might see the halving as a bullish event, leading to accumulation before the event.
A Rounding Bottom is established and the price is above the neckline which will cause the share to rocket to $105,900 in 2024.
2. Bitcoin rallies to $105,000 in 2025
Should the price enter a consolidation phase post-halving, forming a cup and handle pattern, it could signal a bullish continuation.
This scenario might play out over a longer period, with the rally towards $105,900 occurring in 2025 as the market fully absorbs the halving's effects and adjusts to the reduced supply.
Regardless or as the idiots say irregardless... The charts are bullish and showing major upside to come.
With halving on the way, it makes sense why supply is low and demand is high, because people want more rewards with mining bitcoin compared to when the next Halving takes place.
SKIP THIS PART IF YOU KNOW HALVINGS
Halving in a Nutshell
Bitcoin halving is an event that occurs approximately every four years (or every 210,000 blocks mined), where the reward for mining new blocks is halved, meaning miners receive 50% fewer Bitcoins for verifying transactions.
This mechanism is built into Bitcoin's code to control inflation, reduce the supply of new Bitcoins, and ensure that the total supply of Bitcoin caps at 21 million.
First Halving - November 28, 2012:
The reward for mining a block was halved from 50 bitcoins to 25 bitcoins.
Second Halving - July 9, 2016:
The block reward was further reduced from 25 bitcoins to 12.5 bitcoins.
Third Halving - May 11, 2020:
The most recent halving reduced the block reward from 12.5 bitcoins to 6.25 bitcoins.
Fourth Halving - Expected in 2024:
The next halving is anticipated to occur in 2024, where the block reward will decrease from 6.25 bitcoins to 3.125 bitcoins.
Each halving event has historically been associated with increased interest in Bitcoin, price volatility, and speculation about the cryptocurrency's future.
While historical data and the scarcity principle support the bullish outlook post-halving, external factors such as regulatory changes, macroeconomic conditions, and technological advancements could influence Bitcoin's price movement.
This leads to price ascension. However, if the sellers don't sell - then the market becomes in a way illiquid for decent movements. This can signal a potential sign of fear for when you get that one big seller (money market, institution, or some billionaire) who offloads their Bitcoin which causes sheep mentality crashes.
But the crash will be short lived, as always, and the rally will take over.
So simple... Rounding Bottom - Bitcoin rallies above $105,000 in 2024.
Cup and Handle - Bitcoin rallies above R105,000 in 2025.
Thoughts?
The Silent Killer: Understanding Inflation's Impact
Inflation is an economic phenomenon that gradually erodes the purchasing power of money over time. While it may seem like a minor inconvenience, inflation can have detrimental effects on individual savings , investment returns, and overall economic stability.
In this article, we will explore why inflation can be considered a silent killer and delve into the reasons behind the growing interest in Bitcoin as a potential defense against its effects.
1. The Hidden Damages of Inflation:
1.1 Reduced purchasing power
1.2 Diminished savings value
1.3 Income distribution imbalances
2. The Role of Central Banks and Government Policies:
2.1 Monetary policies: Central banks use various tools, such as adjusting interest rates and printing more money, to manage inflation. However, these measures can sometimes have unintended consequences.
2.2 Fiscal policies: Government spending, tax policies, and borrowing influence inflation rates by impacting the money supply and aggregate demand within an economy.
3. The Case for Bitcoin as a Hedge against Inflation:
3.1 Scarce supply: Bitcoin is a decentralized digital currency with a limited supply of 21 million coins. Unlike fiat currencies, no central authority can arbitrarily decide to print more bitcoins, reducing the potential for inflationary pressures.
3.2 Store of value: Bitcoin's limited supply and increasing demand make it an attractive store of value, especially in a world where traditional fiat currencies are prone to inflation.
3.3 Global accessibility: Bitcoin transcends geographical boundaries, enabling individuals to protect their wealth and access financial services without relying on traditional banking systems that can be influenced by inflationary pressures.
3.4 Economic uncertainty: In times of economic distress or high inflation, Bitcoin offers a potential safe haven for investors seeking to preserve the value of their wealth independently of traditional financial systems.
4. Considerations and Risks:
4.1 Volatility
4.2 Regulatory challenges
4.3 Technological barriers
Inflation can silently erode the value of money, impacting savings, investments, and overall economic stability. While many traditional assets struggle to mitigate inflation risks effectively, Bitcoin can potentially serve as a hedge against inflation due to its decentralized nature, limited supply, and growing global acceptance. However, investors should carefully consider the risks and challenges associated with cryptocurrencies before making investment decisions.
What do you want to learn in the next post?
BTCUSD - BITCOIN - BUYFollowing bitcoin support and resistance lines.
Entry:
$22,250 - $22,300
Take Profit 1:
$23,000
Take Profit 2:
$23,100
Stop Loss:
$21,800
Enjoy my free analysis.
Please give me a boost (rocket!) and a comment.
I like to hear your feedback.
For more analysis, follow me.
Success trading!
Cheers uNickTrading
Bitcoin is dead... Or not?A lot of speculations around Crypto and Bitcoin now after downslide, but no reason to worry. We can see clearly that BTC just walking through its 4th wave now and then we will see a massive 5th wave which usually run for 90-150% of 3rd wave. So we are at a good position to buy any crypto, and NFTs and Metaverse lands too. Great future will find us. Cy
BOTTOM IS CLOSE ON BTC!!!In this video i am explaining where i think we are going to go from here and also i'm looking at the 4 hourly, daily, weekly and monthly chart, as well i am looking at inflation rate chart and DXY .
This is my third video and i hope you'll like it. Also i'm sorry for my speaking mistakes, I'm trying to improve my english.
I forgot to mention that 300 weekly ma is also at the bottom of my monthly channel and also i forgot to mention that i am still in my short position from the top of the range at 32400k.
What do you think about my second third video and analysis ?
Feel free to leave a comment.
If you like my ideas please follow me and like because you can always find something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
DON'T SELL YOUR CRYPTO
BTC TO THE MOON!!!