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BTC setupBitcoin is poised to close another weekly above the key trend breakout. With a full candle body above this is bullish. We will have to wait until Sunday close to be sure, I had a feeling the downside wick would come and it got eaten up pretty nicely. This gives us a nice reset of the daily stochastic RSI and will allow for a larger run on the weekly. We are just a mere 8-9% from all time highs. My plan: I already have my bags packed on BTC/Alts. I plan to continue to sell covered calls against my CLSK when it pumps hard, I will buy CONL shares and sell puts on that as well. I would love a test of 80k by thanksgiving .
BINANCE:BTCUSDLong
by Apollo_21mil
October 24 Bitcoin Bybit chart analysis Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Here is the Bitcoin 30-minute chart. There is a Nasdaq index announcement at 9:30 and 11:00. As I left in the comment on the analysis article on the 23rd a little while ago, From yesterday's long->short->long switching position, I moved the purple finger long position to $66,775. Due to the Bollinger Band 12-hour chart support line touching alone, (12+ not a daily pattern. The mid-term pattern is broken) The daily chart MACD dead cross is holding it down. Because there are many parts that are not good for an immediate upward trend, There are too many branching points at the current position, I thought about it a lot. The result is the same strategy as yesterday. I deleted all the ambiguous positions in the middle. *When the blue finger moves Bidirectional neutral Short->Long->Short switching strategy 1. 67691.5 dollars short position entry section / Pink resistance line breakout or Top section touch stop loss price 2. 66835.5 dollars long position switching / Purple support line breakout Or Bottom section touch stop loss price 3. 68498 dollars short position switching / Orange resistance line breakout stop loss price Or Good section touch stop loss price (Because there is an ambiguous support resistance price in the middle The stop loss price goes clearly into two cases.) If the strategy is ultimately successful, I will aim for the long position switching position after tomorrow. And currently, the MACD dead cross imprint on the daily chart is important. 1) Daily chart resistance line touch -> Ignore dead cross 2) Sideways dead cross imprint possibility 3) Downward and adjusted dead cross 100% imprint) Even if it ends sideways today If there is a rebound tomorrow, the daily chart MACD dead cross It seems like it will be harassing until tomorrow The most important part is Ignoring the *pattern and Nasdaq's ignorant coupling Or a normal mid-term pattern recovery (6+12 retouch or 12+ daily chart). In my experience, since there were many couplings after the unique pattern of the beat was recovered I think it will shake a lot today and tomorrow So, each position should cut losses and fasten their seat belts. Up to this point, I ask that you simply use my analysis for reference and use only. I hope that you will operate safely with the 6 principles of trading and the cut-off price. Thank you for participating and reading today.
BYBIT:BTCUSD.P
by BitCoinGuide
1
Bitcoin Price and Time Analysis (New ATH or New Bearish Move?)The chart shows Bitcoin's price movements on the daily timeframe, since ATH. The analysis focuses on the recent corrective phases and potential scenarios ahead. Following the significant corrections, two main outlooks are possible, but at this stage, a definitive conclusion is elusive. Therefore, we will concentrate on the latest movements since the $49,500 low. Three upward waves are observed, yet they appear corrective rather than impulsive. Each wave exhibits a three-wave structure, suggesting a corrective nature. The last wave's overlap with the first wave's territory reinforces the possibility that all three waves are corrective, potentially signaling a bearish reversal soon. The second wave is about 5% less than the first wave, and thus, if we have the same expectation for the third wave as the second, the end of the third wave is exactly in the range of the 0.114 Fibonacci level, which aligns with the resistance area between $70,000 and $72,000. This Fibo was drawn from the all-time high to the $49,500 low. Historically, psychological factors often reinforce resistance at these levels, increasing the chances of rejection. On October 20, the price managed to break above the descending trendline, but this turned out to be a false breakout, as it quickly fell back below the trendline. I anticipate a stronger breakout, accompanied by consolidation above the trendline, which could attract more buyers before potentially starting its downward move. In terms of timing, a time-based analysis has been applied from the first low to the second low, with the 2.0 extension accurately predicting the next bottom(with a difference of 1 or 2 candles). Extending this to the highs projects a potential peak around October 30. Therefore, a possible reversal is expected between October 28 and October 31, as indicated by the blue vertical lines on the chart. Several fundamental events are scheduled within this time frame, such as the "JOLTs Job Openings," "GDP Growth Rate QoQ Adv," "Personal Spending MoM," "Personal Income MoM," and "Core PCE Price Index MoM." While their direct influence on Bitcoin might be limited, the coincidence with the projected reversal window adds further significance to the analysis. The chart also shows that each of the previous peaks had reversal signals like spinning top patterns, which have previously played out effectively. Confirmation of the current bearish scenario will require a similar reversal signal or indecision pattern, such as another spinning top or bearish candlestick pattern, to form in the resistance zone.
BITSTAMP:BTCUSDShort
by itsKraken
BTCUSD clear set upMorning traders I decided to analyze BTCUSD again in order to find clear trend,according to my view this accumulation formed is a strong bullish flag that is representing more buys coming not a down trend,buyers are in control of the market,there is no sign at all of selling pressure but there is bullish flag that's our first confirmation of buys however we don't control the market and we don't know when makert is gonna pick n move to the directions but I believe alot of traders they are buying, its shifting to the upside already soo 80k is likely to hit this coming week,avoid selling by all means n stick to the trend thanks.
OANDA:BTCUSDLong
by mulaudzimpho
4
Bitcoin Whale Accumulation Hits All-Time High as Price ReboundsBitcoin ( CRYPTOCAP:BTC ) has recently bounced back to the $68,000 mark following an unprecedented wave of whale accumulation. With whale wallets—holding over 100 BTC—hitting all-time highs and major institutional players like BlackRock increasing their Bitcoin holdings, market sentiment around BTC is cautiously bullish. Yet, the recent price rally faces key technical tests, including a potential Golden Cross formation, raising questions about Bitcoin’s next move and the likelihood of reaching new all-time highs by the upcoming U.S. elections in November. This article explores the fundamental and technical factors influencing Bitcoin’s recent price movements and its near-term outlook. Whale Accumulation and Institutional Influence Whale Wallet Surge and Market Sentiment According to recent data from analytics platform CryptoQuant, the number of Bitcoin ( CRYPTOCAP:BTC ) whale wallets holding over 100 BTC has grown by 297 over the past two weeks, bringing the total to a record-breaking 670,000 BTC. This trend indicates rising confidence among large holders, often viewed as market “smart money,” signaling they see value in BTC at its current price levels. Historical data from CryptoQuant suggest that when whale holdings increase, BTC price typically moves sideways or experiences moderate dips, reflecting a consolidation phase that often precedes a market surge. BlackRock’s ETF and Institutional Accumulation A notable catalyst in Bitcoin’s current rally is the inflow from institutional investors. BlackRock’s Bitcoin ETF, IBIT, has recently accumulated nearly 30,000 BTC over nine trading sessions, now holding more than 399,000 BTC, which accounts for approximately 2% of Bitcoin’s total supply. This accumulation by BlackRock is viewed as a bullish signal, as it brings increased stability to the asset class. The ETF inflows provide liquidity, while also limiting circulating supply, potentially creating upward pressure on price. Technical Analysis After facing rejection at the $69,000 level, Bitcoin’s price has found robust support around $65,500. This rebound has seen CRYPTOCAP:BTC gradually climb back, hovering near $68,000 as of today. Despite this recovery, Bitcoin needs to break past the psychological $69,000 resistance to maintain its uptrend and push toward new highs. Golden Cross Formation: Bullish Signal or Caution Ahead? Bitcoin ( CRYPTOCAP:BTC ) is showing signs of forming a “Golden Cross”—a bullish technical indicator where the 50-day moving average (MA) surpasses the 200-day MA. This pattern, often seen as a signal of a bullish trend continuation, indicates that CRYPTOCAP:BTC could be preparing for a sustained rally. However, while a Golden Cross is traditionally optimistic, CryptoQuant analysts caution investors about its reliability, especially during periods of heightened market uncertainty. RSI and Momentum Analysis With an RSI currently at 61, Bitcoin ( CRYPTOCAP:BTC ) is showing moderate momentum, suggesting there is still room for potential growth. Generally, an RSI reading above 50 indicates an uptrend, but with BTC’s RSI not yet overbought, there’s potential for further price appreciation before encountering major resistance. Will BTC Hit New Highs by the U.S. Elections? Many analysts point to the U.S. presidential election season as a potential catalyst for Bitcoin ( CRYPTOCAP:BTC ). Some believe that reaching a new all-time high within ±21 days of the November 28 election date would indicate strong sentiment and sustained momentum in the current bull cycle. However, if Bitcoin fails to break past its previous highs, it may signal a slowing in bullish momentum, possibly prompting a period of correction. Conclusion The recent increase in whale wallets and institutional accumulation signals robust confidence in Bitcoin’s long-term value, even as it faces near-term resistance. With the potential formation of a Golden Cross, CRYPTOCAP:BTC may be on the brink of a new rally, though caution remains as market conditions are complex and uncertain. If Bitcoin ( CRYPTOCAP:BTC ) breaks past $69,000, it could pave the way for a test of $70,000 and higher. As we approach the U.S. election season, CRYPTOCAP:BTC investors and traders will be watching closely to determine whether this wave of optimism can carry Bitcoin to new highs. For investors, the rise in whale accumulation and institutional holdings points to bullish sentiment. However, remaining cautious of technical signals such as the Golden Cross and key resistance levels will be critical in navigating Bitcoin’s volatile path ahead.
COINBASE:BTCUSDLong
by DEXWireNews
2
The nearby outlook for Bitcoin. Good! But not as good on Daily This is the Daily and Weekly Charts for Bitcoin. Both charts have price situated above their 200EMA's (sloping upwards) and this demonstrates a bullish uptrend, the EMA stack is also in correct order with 8EMA stacked on top. The only thing contrary I found is a short-term Daily bearishness for Bitcoin depicted in the MACD. This simply means that price needs to find support around the 21 EMA, 34 EMA or 55EMA, support which you can see in recent history on the bitcoin chart.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
US Spot Bitcoin ETFs Reverse Inflow StreakMarket Update - October 25, 2024 US spot bitcoin ETFs saw $79 million in net outflows Tuesday, reversing a seven-day inflow streak that had brought in over $2.6 billion:  The outflows came mainly from Ark and 21Shares' ARKB fund. Bitcoin prices inched closer to $70,000 at the start of the week when futures open interest surged to over $40 billion:  But prices subsequently pulled back mid-week as investors pared their gains. Tether’s USDT has hit a record $120 billion market cap, which could set the stage for a bullish October finish in the crypto market:  Historical trends suggest that a rise in stablecoin supply can precede rallies in bitcoin and ethereum. Bitcoin's hashrate has reached a new peak of 703 EH/s, a 6% gain over the past week:  This surge coincides with higher mining profitability as transaction fees rise and Bitcoin's price strengthens. Binance exec leaves prison:  Binance’s Tigran Gambaryan was released from Nigerian prison Wednesday so he can receive medical treatment for the numerous ailments he suffered while in captivity. US Spot Bitcoin ETFs Record $79 Million in Outflows, Ending Seven-Day Inflow Streak After a week-long run of positive net inflows, US spot bitcoin ETFs reported a shift back to the negative on Tuesday, with net outflows totaling $79.09 million. It was ARKB fund from Ark and 21Shares was responsible for the entirety of these outflows, losing nearly $135 million. Despite the overall outflows, some funds still recorded gains. BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, attracted just under $43 million, while Fidelity’s FBTC saw $8.85 million in inflows. The recent outflows bring the cumulative net inflows for the 12 spot bitcoin ETFs down to $21.15 billion as of Tuesday. Trading activity also slowed, with the total daily volume for these ETFs declining to $1.4 billion from $1.76 billion the day before. This reversal comes after the ETFs saw more than $2.67 billion in net inflows over the past seven trading days, a figure similar to their peak inflow levels recorded in March this year. Spot ether ETFs saw more positive activity, with net inflows of $11.94 million on Tuesday – all from BlackRock’s ETHA. Other ether ETFs recorded no change. Trading volume for ether ETFs also noticeably dropped to roughly $118 million on Tuesday, down from around $163 million the previous day. 🕸️ Topic of the Week: Web 3.0: The Next Evolution of the Internet 🫱 Read more here
GEMINI:BTCUSD
by Gemini
BITCOIN Is Very Bearish! Short! Here is our detailed technical review for BITCOIN. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 68,141.23. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5,698.66 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
COINBASE:BTCUSDShort
by SignalProvider
2