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Adoption: Institutions' Positive Sentiment Awaiting BTC ETFsAdoption: Institutions' Positive Sentiment Awaiting BTC ETFs Dear Esteemed Traders, One reason why Bitcoin price could go above $4600 in the next three months is the increasing institutional adoption of the cryptocurrency. According to a survey by Bitwise, almost 90% of financial advisors plan to buy Bitcoin after the approval of spot BTC ETFs. This could create a huge demand for Bitcoin and drive its price higher. Additionally, some institutions such as MicroStrategy, Tesla, and Square have already invested billions of dollars in Bitcoin and are holding it as a reserve asset. This could reduce the supply of Bitcoin and increase its scarcity value. Another reason why Bitcoin price could go above $4600 in the next three months is the positive technical outlook of the cryptocurrency. Bitcoin is currently trending bullish on the four-hour time frame, with the 50-day and 200-day moving averages sloping up. The RSI is also within the neutral zone, indicating that the price has room to grow without being overbought or oversold. Moreover, Bitcoin has formed an ascending triangle pattern on the weekly chart, which is a bullish continuation pattern that suggests a breakout to the upside. If Bitcoin can break above the resistance line of the triangle, it could reach record highs, according to the measured move technique. Of course, these are not the only factors that could affect the price of Bitcoin in the next three months. There are also some risks and uncertainties that could cause the price to drop, such as regulatory hurdles, market volatility, cyberattacks, and competition from other cryptocurrencies. Therefore, it is important to do your own research and analysis before making any investment decisions. Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services, or other content provided on this page constitutes a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Kind Regards, Ely
BITSTAMP:BTCUSDLong
by Elysian_Mind
2
BTC - Next Stop 50k 📍 Unless!Hello TradingView Family / Fellow Traders, In my latest analysis, BTC successfully surpassed the 45,000 resistance and traded higher. However, yesterday, BTC faced rejection at the 48,000 level and the upper boundary of the orange wedge pattern. Now, what's next? 📈 BTC is anticipated to remain bullish , and we anticipate a potential movement towards the weekly resistance zone between 48,000 and 50,000, as long as the 44,500 support level is maintained. 📉 In the event of a downward break below the lower red trendline and the 44,500 support level, we expect a continuation of bearish movement until reaching the lower boundary of the orange wedge pattern, approximately around 42,500. Which scenario do you believe is more likely to occur first, and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
6
Bitcoin(BTC): Fake ETF Approval = Markets Dumped!Here we are touched nicely by that FWB:48K zone that we have been telling you about and also which activated for us the third and last entry on our short position. We are now looking to see no more further growth here and more downward movement, for sure! As we mentioned already, we see that fake news we had was like a small test run. People have seen an approval, yet markets dumped even before the confirmation of it being fake announcement. Traders are shorting and going by the rule of "Buy The Rumor, Sell The News." Swallow Team
BITSTAMP:BTCUSDShort
by SwallowAcademy
2
SEC Manipulates Bitcoin with Fake ETF Approval News-Intentional?Trigger Warning: This video may offend those who are religiously dogmatic in their political affiliations. Do not watch if you prefer not to have your gods critiqued. I had just put out a video earlier this morning warning you all that the SEC and Gary Gensler may pull some tricks out of their hat. A few hours later, the SEC puts out a false tweet, liquidates millions, and claims that their account was compromised for the first time in their X history. Something very much doesn't smell right here folks. But, unfortunately, none of this surprises me. I literally titled another video a few days ago, "Expect the Unexpected". Now, we can see firsthand exactly the type of shenanigans I am referring to in these two previous videos.
INDEX:BTCUSD
by stewdamus
🔥 Bitcoin's Perfect Storm: Be Watchful Here!As expected, Bitcoin is continueing the bull-trend, fueled by ETF optimism. However, with the whole market turning bullish, I'm taking a step back. My target for this move from 26k was 48k, as often mentioned in my analyses. It seems a matter of time before 48k will be hit, especially once the ETF actually get approved and traders market buy their way in with >50x leverage. In my most recent BTC analysis I wrote that I'm edging towards the expectation that the whole ETF approval will be a sell-the-news event. Check it out below. As BTC moves up, it's going to hit 2 major resistances at the same time. 1: 48.000, which is the main resistance before the ATH. 2: The top of the bullish symmetrical channel. I would not be buying at this point. Nevertheless, I'm happy to be proven wrong. Once we confidently break through 50.000 I will switch back to a more bullish oriented market view. For now, I'm sitting on my hands.
COINBASE:BTCUSD
by FieryTrading
26
Staying Cautious on Bitcoin Until After The ETF DecisionsI don't know about you, but with all of the hype for the Bitcoin ETF going on, I am staying pretty cautious in the markets right now. Even though there are some big movements going in other altcoins, most eyes are watching good ole BTC. Nobody truly knows what is going to happen, there is a ton of speculation going on and the price action we are seeing is people trying to buy coins before the hedge funds go nuts with their money. Many say it will be a 'sell the news' kind of event. This may be the case. In 2017, the Grayscale Bitcoin Trust opened up futures trading on the CME, and that is what started the collapse of that market cycle. So who really knows. In times of crazy news cycles like this, I pay more and more attention to the charts for my direction. Right now I am seeing Bitcoin hitting a very solid line of resistance. It needs to break through the 48K level and find it as support for me to be more bullish. If we get rejected on the news, we could see a big dip down to the high 30's or low 40's which is where, if the ETFs pass, the hedge funds will be looking to scoop up. So don't be surprised to see some market manipulation going on. So we may see some fireworks for sure in the next couple of days, but whether they are red or green fireworks has yet to be seen. I am just staying cautious and not going to make impulsive decisions either way. What are your thoughts on the Bitcoin ETFs and where do you think the price will go?
COINBASE:BTCUSD
by thelogicaldude
Bitcoin (BTCUSDT) (1W)Below the technical analysis of BINANCE:BTCUSDT Timeframe: 1 week The main supports and resistances are indicated in the idea. A trendline starts from the green support: if this were to be invalidated by touching 1500-1600, a negative scenario would open up in the short term for ethereum. The narratives on spot ETFs could help bitcoin rise towards the ath (and more) over the green area on the top. This bullish cycle could be the last in terms of % returns for bitcoin: the price at the end of the year, thanks to etfs, could easily be 140-160k. Today marketcap: 910B
Long
by mcpnz
1
Ethereum (ETHUSDT) (1W)Below the technical analysis of BINANCE:ETHUSDT Timeframe: 1 week The main supports and resistances are indicated in the idea: the purple one is the most important. A trendline starts from the green support: if this were to be invalidated by touching 1500-1600, a negative scenario would open up in the short term for ethereum. The narratives on spot ETFs on eth that will exist between now and May could help ethereum rise towards the $3000 threshold, where the blue resistance starts. In a hypothetical bullish cycle (probably just starting) ethereum could easily break the light green zone at the top and could see new highs as early as next year. Today marketcap: 270B
Long
by mcpnz
Ten Reasons BTC Sould Hit $155k - $210k This Market Cycle But...Here's my revised "Potential Path To $150k+" chart, adding in 3 new factors that further point to the higher Fibonacci targets on this chart and potentially hitting $220k Bitcoin. As the 3.618 accurately predicted the exact market cycle top in 2021 (drawn from the 2018 Hi / Low cycle)... The same scenario could play out for the 2024 bull cycle, with each of these TEN factors potentially 'igniting' the other smoldering 'fires' into a giant bullish blaze. Kind of like a good ol California forest fire. When the smaller fires meet, the blaze begins. The following TEN factors show 3 potential levels for Bitcoin upside in 2024, which I've labeled as 3 scenarios described in more detail below (Likely, Probably and Possible). 1. BlackRock & Fidelity ETF's Approval - (Slated for this week by January 10th - 95% chance)). 2. QE Money Printing To Pay Down US Debt - (The US rising debt levels require easing soon). 3. Bank Failures, Bank Runs & Transfer Into BTC - (More bank failures are likely. BTFP ending). 4. Hyperinflation & De-Dollarization (BRICS) - (We haven't seen effects yet, but still brewing). 5. Corporate Accumulation - MSTR / Apple /Tesla - (MSTR raising 750M Common Stock for BTC). 6. Country Accumulation (New Reserve Currency) - (More will follow El Salvador this cycle). 7. Post-Halving Less Bitcoin Miner Selling ($12B) - (Miners will have less to sell > 2024 halving). 8. Less Available BTC On Exchanges - (More retail wallets will creasing demand / supply shock). 9. Increasing Political Support For Bitcoin - (Politicians joining the narrative will push in favor). 10. Bursting of the Sovereign Debt Bubble - ($35T of COVID money globally straining global economies). Any ONE of these and likely the ETF approvals could and will be the needed 'spark' that ignites this Bitcoin forest fire, which will never be put out and only grow. I've broken these down into 3 scenarios... Likely Target ($100k) - Bitcoin was widely 'expected' to hit $100k in the last cycle, and the math supports the reasons why. With $20T+ in investable assets in Gold + Silver + US Real Estate in 2023, just 10% of this moved over to Bitcoin gives BTC a $2T market cap alone. It's also the 1.618 Fib target for the next cycle as shown. Probable Target ($155k) - Looking at the bars pattern from the Oct 19th 2020 breakout, we can see a rapid rise in Bitcoin followed, driving price up to the April 2021 initial high for BTC. This also coincides with the 2.618 Fibonacci target on the charts. Possible Target ($210k) - Again looking at the last cycle drop starting in Dec 2017, to the low in Dec 2018, the 3.618 Fib target was exactly where the peak around 64K in April 2021. Many believe this to be true 'high' although later we had a Wyckoff 'Thrust' higher to $69k. In the near term, the bars patterns also shows confluence for a pause right at the Fib Golden Pocket between 48K and $50k. Since round numbers act as market magnets, I feel $50k is the next push higher before a meaningful profit taking pullback. Also notable is the 21 week MA which has been an excellent support / resistance barometer over the years, and price has just firmly broken above that in recent weeks. So this is looking very bullish to me here, and I'm expecting we go higher... Time will tell if one or more of these scenarios come to pass! But I've also added 3 potential negative scenarios (and may add a 4th) which may pour water on this fire from the start, and are unknowns worth noting. 1. It's the First Ever Macro Global Recession for Bitcoin (Could a US recession drag this down?) 2. Still Small Possibility of ETF Delay or Not Approved Yet (This would cause a massive sell-off) 3. Spot ETF's May Mark a Market Top Like in Previous Cycles (No way to know the ETF effect). And here's a notiable #4 not yet on the chart... 4. Issues With BTFP Expiration Causing Bank Failures (Forcing the Fed to start dropping rates). When the Fed actually starts Dropping Rates, markets usually go down initially... See the excellent article Arthur Hays recently put out detailing this scenario. What do you think will happen this week and into the Halving??
COINBASE:BTCUSDLong
by BrettFogle
4
The 'SELL THE NEWS' trade that got me the 'FXProfessor' nickname🎉📈 "Bitcoin ETF Buzz: To Sell or Not to Sell?" 🤔💰 Hi everyone! 🌟 Today is a special episode, a special post, and a special idea. First of all, Happy New Year 🎊 to all of you! We have Bitcoin at 45K, nearing 46K 🚀, prompting us to consider our options. Is it time to sell the news 🤷‍♂️💼 with the Bitcoin ETF drawing closer? The market is rife with FUD 😨, and Jim Cramer's opinions can't be ignored. He suggests that the ETF approval might be an opportunity to sell, but history has often shown his predictions to be off-mark 🙈. Let's delve into history for guidance 🧐📚. Back in December 2017, during the CME listing of Bitcoin futures, I made a significant sell decision. At that time, I wasn't on Tradingview but shared my thoughts on Facebook, predicting a manipulation in Bitcoin's price post-news 📉🗞️. Indeed, the 2017 all-time highs weren’t revisited for three years, validating my decision 🎯. Check it: Now, let's analyze the current scenario 🔍📈. With Cramer hinting at a potential sell opportunity following the ETF approval , it's crucial to scrutinize the charts 📊. I'm leaning towards a 50% chance that the market is poised for an upswing with the ETF's approval ✅📈. However, it’s essential to understand Bitcoin’s seasonality and cycles ⏳🔄. We're currently heading towards a halving year, with the next all-time high anticipated around the end of 2025 📅🚀. This differentiates the current situation from 2017. My focus is on a key resistance level at $47,071 💹🔑, which will be instrumental in my decision to sell or hold. If this level is breached, we might witness a significant breakout 💥💸. However, should there be a surprise ETF rejection, a fallback to lower support levels is possible 😱📉. To conclude, while my initial inclination was to sell the news, the current analysis suggests that might not be the most prudent course 🤔💭. Remember, each move in the crypto market requires careful analysis and an understanding of historical trends 🔬📉📈. Stay tuned for more insights and updates! One Love, The FXPROFESSOR 💙👨‍🏫💼 my special 'simple secret chart':
Long
by FX_Professor
15
$BTC holding while weakening, what? LOLGOOD MORNING Don't see an increase in CRYPTOCAP:BTC shorts. With #ETF news perhaps traders do not want to be short. Don't see a #BTC a breakdown, JUST weakening of the RSI during this current move. BUT #Bitcoin keeps bouncing off the trendline, yellow arrow. We also see bouncing off the 20 Exponential Moving Avg, cyan, & the red = TREND strength. As posted few days ago, the top part of the range keeps getting poked. The more poking the weaker resistance gets!
CME:BTC1!
by ROYAL_OAK_INC
08/01/24 Weekly outlookLast weeks high: $45912.61 Last weeks low: $43426.20 Midpoint: $40939.80 It's ETF decision week! ARK invests application for a BTC ETF has a deadline of January 10th (Wednesday) to either approve or deny registration. At the end of last week we started to see much of the market prepare for this news event as altcoin liquidity moved into BTC or cash ready to be deployed on the result of the decision. We know this as altcoins bled against bitcoin quite dramatically, some alts falling as much as 30% from their recent local highs. For this weeks outlook all eyes are on the SEC for their decision. The general sentiment is there will be a large single candle on approval towards 50K, with a sell off after. History has shown a 30% drop in a bull market is a healthy correction which would see us revisit the mid 30K area before the build up to the halving. It is worth noting that just because that seems to be the most common theory it doesn't always work out that way and especially if on the off chance the ETF is denied, panic will descend on the market aggressively so be careful. Volatility is definitely on the cards this week that is for certain.
INDEX:BTCUSD
by ProR35
BTCUSDT - ETF will be Rejected! Hello Everyone! This is an overview of Bitcoin. In my opinion Bitcoin's ETC will be rejected and we'll see a bearish move in bitcoin. This is the details: 10th January 2024 = Start a sharp bearish move to ~$38500 Then go to ~$48500 until 4th February 2024 The main bearish movement will start here and we have our main bottom on 5th April 2024 I'll update the chart there! Bitcoin go down alone! of course Alt coins will go down too but the % of bitcoin will be more! (See my BTC.d analyze for more info)
BITSTAMP:BTCUSDShort
by Sajjad_vtb
16
ETH Ethereum Price Prediction after the BTC ETF approvalThe price of Ethereum (ETH) will be affected by the approval of the Bitcoin ETF this week. Some of the biggest asset managers on the entire planet are going to release a BTC ETF: Blackrock $9.3 Trillion Fidelity $4.5 Trillion Franklin Templeton $1.53 trillion Invesco $1.5 Trillion. BlackRock expects Bitcoin ETF approval on Wednesday, in-line with Bloomberg's January 10 deadline. I expect the approval to a buy the rumor, sell the news event. Employing the strategy of "buy the rumor, sell the news," traders strategically capitalize on market movements by entering positions based on speculative information. This approach involves opening positions on rumors and closing them when the anticipated news is officially announced, typically resulting in a profit. A retracement in the price of Ethereum, after the news, probably to $1900, would be a buying opportunity for a year-end rally, in my opinion.
by TopgOptions
BTC Market Update 7th January As BTC gears up for a significant shift, historical trends suggest a liquidity migration from altcoins to BTC. Yesterday's data and a thorough BTC scenario analysis lean towards a 'buy the news' stance, supported by bullish indicators in recent days: 📉 Open Interest (OI) Wipeout. 💥 Liquidation clusters favoring shorts, driving momentum. 💰 Tether printing resumes (significantly bullish). 📊 Bitfinex and Coinbase leading the tape, indicating bullish trends. Flow indicators amplify the positive outlook: 📈 BITO's exposure hits an ATH of 41,000 BTC, with futures-based ETFs seeing a 310% increase in Volatility Share since October. 📊 CME's annualized basis remains above 10%, potentially decreasing post-ETF approvals due to BITO holders shifting exposure and possible redemptions. Anticipating upcoming news, a surge in BTC may break through short clusters, pushing the price to 48k, possibly extending to 50k. However, profit-taking and the need for new narratives could trigger a retraction until the halving. Post-approval, analysts estimate a one-week timeline for the ETF launch. Trade Ideas for the Next Move: 📈 Spot ETH ETF Trade: Long ETH/BTC (following the BTC playbook). 🔄 If BTC dominance rises, consider rotating into altcoins during BTC consolidation. Stay tuned for updates as the crypto landscape unfolds! 🚀💹 #Bitcoin #CryptoAnalysis #ETF #TradingStrategies #CryptoMarkets
by TheArabianWhale