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Bitcoin’s Journey: A Surge in the Making?Bitcoin, the world's largest cryptocurrency, has been a focal point for investors and traders alike since its inception. Over the years, it has experienced numerous cycles of bullish surges and bearish pullbacks, each one contributing to the digital asset's growing market maturity. As we approach the final months of 2024, many are questioning where Bitcoin is headed next. Is it about to repeat its historical uptrends, or will it falter amidst uncertainty? While I may not be a popular voice in the financial community nor trying to predict the future, I believe there's something unfolding that is worth sharing with the wider crypto audience. My analysis is based on historical patterns and technical insights, specifically drawing from key trends that Bitcoin has exhibited since 2017. Horizontal Support and Resistance Levels: The Backbone of Market Movement When looking at the chart, one of the most immediate elements that stand out are the horizontal lines, which represent significant support and resistance levels. These are price zones where Bitcoin has historically either reversed or hesitated, indicating their importance in the market's psychology. Over time, these levels have been tested multiple times. For example, the $60,000 to $65,000 range has served as both a ceiling (resistance) during previous bullish rallies and as a floor (support) when prices have dropped. The ability of Bitcoin to consistently interact with these horizontal zones suggests that they play a critical role in determining where the market will go next. The Upper Trend Line: A Long-Term Perspective Beyond these horizontal levels, there is a major upward trend line that connects several of Bitcoin’s higher price points over the years. This line is a reflection of Bitcoin's long-term trajectory — steadily increasing despite the many volatile swings in between. Every time Bitcoin’s price pulls back, it doesn’t fall too far before it once again starts climbing toward this trendline, proving its resilience and long-term growth potential. As this line stretches further into 2024, it intersects with Bitcoin’s current price action. The market’s behavior near this line could be telling; a breach above it may signal the beginning of another substantial upward trend. The Potential Breakout: A Circle of Interest One of the most crucial aspects of this chart is the area marked by a green circle. This is where I believe Bitcoin is preparing for its next major movement. Based on historical price action, it appears that within the next one to two months, Bitcoin could surge dramatically, potentially breaking past previous resistance levels. The circle captures the convergence of several technical indicators, including the horizontal price zones and the upward trend line, which both suggest a confluence of bullish factors. However, I am not here to convince anyone that this analysis is a crystal ball into the future. Rather, this is my personal observation of how the market might behave, given the technical patterns that have unfolded over the years. Whether or not Bitcoin follows this predicted path remains to be seen, but the indicators certainly provide a compelling narrative for potential price appreciation in the near term. The Unknown: No Guarantees in a Volatile Market It’s important to remember that the cryptocurrency market is notorious for its unpredictability. Even with years of data and sophisticated technical analysis, no one can guarantee with absolute certainty what Bitcoin will do next. External factors — ranging from macroeconomic shifts to regulatory announcements — can always derail technical predictions. That being said, technical analysis serves as a valuable tool for identifying potential trends, and right now, Bitcoin’s chart is signaling something significant is on the horizon. Conclusion As Bitcoin hovers around critical levels, all eyes are on its next move. The combination of historical support and resistance, long-term upward trends, and a potential breakout zone suggests that Bitcoin might be gearing up for an explosive rally within the next few months. Whether this surge materializes or not, one thing remains clear: Bitcoin is at a pivotal moment in its market cycle, and the weeks ahead will likely provide traders with a clearer sense of where it’s headed next. In the end, while I am not claiming to have all the answers, this analysis reflects what I see happening on the horizon. As always, it's crucial for anyone engaging with these markets to approach with caution, but also with curiosity. After all, the beauty of the crypto market lies in its endless potential for surprises.
BITSTAMP:BTCUSDLong
by darthmostafa
2
BTC'S Downturn Has Been Started BTCUSD Technical Insight (H4) Market Analysis: A pivotal Bearish Order Block (CHOCH) has formed after several BOSES, decisively reversing the trend's trajectory. The Point of Interest (POI) serves as a robust resistance level, sparking instant reversals confirmed by Morning Star candle patterns. A substantial Fair Value Gap has also been identified at the CHOCH. Trade Setup: Set Stop Loss (SL) above the Order Block Take Profit (TP) positioned upto the previous Lower Low Sell Entry Zone: 68200_68250 Take Profit1: 67000 Take Profit2: 66000 Take Profit3: 65000 Stop Loss: 69200
BITSTAMP:BTCUSDShort
by LeonardoTrader9t9
3
Tick-Tock-Tick: Time to Harvest the Oranges: Bitcoin🍊 It seems like everything is planned this time. With the clock ticking steadily, Bitcoin is set to climb to the $80,000 mark in just about 10 days. Yes, you heard that right, it’s harvest season! I’m calling this level the "orange-picking" zone. Think of it as the final harvest before winter because this peak isn’t likely to last very long. After the oranges are picked—roughly 15 days later—Bitcoin is expected to start its freefall. The target? $57,666. That number might sound like a joke, but let’s be real, the markets don’t take themselves too seriously, so why should we? Imagine this dip like a kid speeding down on a trampoline—every drop just might signal the next big bounce. Of course, the real bottom journey will kick off between December 2024 and January 2025. We’re looking at a hibernation phase around the $56,666 level. But don’t worry, it’s just a short winter nap; after all, it hasn’t been that long since the oranges were picked, right? When it’s time to rise again, Bitcoin might just bloom like a spring flower. So, buckle up for this ride because the drops are going to be steeper than the climbs. After we pick our oranges, let’s be ready for those cold winter nights. Remember, in this market, everything is planned, but nothing is predictable. Tick-tock-tick… the clock keeps ticking!
BITFINEX:BTCUSDLong
by cihatk
SPY/QQQ Plan Your Trade For 10-24 : Breakaway PatternToday's trading should begin to resolve as a reversion back to the upside after yesterday's panic selling. I spend a lot of time going over what happens when news or outside events disrupt price action and sometimes disrupt my SPY Cycle Patterns so everyone can try to understand how the SPY Cycle Patterns work. My SPY Cycle Patterns are not immune to news or outside events. They attempt to predict what price will "most likely" try to do for a day based on Fibonacci, GANN, Tesla, and Rodin Vortex Math concepts. They don't attempt to predict or address any outside news, geo-political, earnings, or other external data. As I like to describe them.. They represent price characteristics, showing what price would most likely attempt to do if no outside event disrupts the markets. Given yesterday's panic selling and the fairly strong recovery/reversion we are seeing in early trading, I believe the SPY/QQQ will attempt to move into a moderate rally phase lasting till October 30-31, then move aggressively downward just before the US Elections. Gold and Silver will follow roughly the same path but may become even more volatile just before the elections. Bitcoin is still consolidating sideways - just as I expected/suggested. Please pay attention to my comments about HEDGING and POSITION SIZING over the next 3+ weeks. These market trends (with lower liquidity) can often be very difficult for all traders. It is better to cut your trading allocation down to 20-25% of normal sizes throughout these election cycles (especially so close to a hotly contested election). Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BITSTAMP:BTCUSDLong
by BradMatheny
2
October 23 Bitcoin Bybit chart analysisHello 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. This is the Bitcoin 30-minute chart. Nasdaq indicators will be announced at 11 o'clock shortly. In the analysis article on October 21, section 2, After entering a long position at the purple finger 66406.5 dollars on the lower left, I connected today's strategy. The daily chart MACD dead cross pressure is being connected, and there are too many variables because of the Nasdaq variable + sideways movement, so I had a hard time making a strategy. This is today's strategy. *Blue finger movement path Bidirectional neutral Long -> Short switching strategy 1. 66,296 dollars long position entry section / stop loss price when purple support line is broken 2. 67,244 dollars short position switching / stop loss price when orange resistance line is broken -If it falls immediately without a wave from the current position Or if it hits section 1 at the top and falls It may be pushed to Bottom -> Section 2 at the bottom. Instead, if section 1 is touched and adjustment occurs It may be a safe section at the 66.2K long position switching section. -If it reaches 67,244 dollars after section 1 is broken at the top Short position entry section For those who are aiming for a short position today It would be good to aim for a short position in both sections from section 1 at the top -> 67.2K. If you succeed in long->short switching, depending on the situation, you can use the first section as the final long position switching point. Also, currently, ahead of the 100 million breakthrough, the point where the rebound started is 58.9K in CPI, and in terms of the drawing, there is no problem from the mid-term point to the current point. Please pay attention to the movement of Nasdaq and the MACD dead cross imprint on the daily chart this week. Up to this point, I ask that you simply refer to and use my analysis, and I hope that you operate safely with principle trading and stop loss prices. Thank you.
BYBIT:BTCUSD.P
by BitCoinGuide
6
Looks corrective.Was hoping we could get enough separation to suggest a macro impulse wave, instead this looks really corrective. We already had what looked like a liquidity dip, and am remaining long for now. The market tries to give everyone what they want, even if it's just for a minute. If we get an 8 hour candle to close below the white line, around 60k, I'm going to take a bunch of profits and have about a 5.5% stop loss before jumping back in. Getting tired of paying taker fees and getting swept with stop-limit orders. So going with this 8 hour candle bit. Probably will let it roll until it gets lower in range or we start getting reversal signals.
COINBASE:BTCUSD
by highfivinMF
7
BITCOIN This 1D Golden Cross can push it to the ATH ($73800).Bitcoin (BTCUSD) is ahead of a major bullish formation as most likely by next Monday, it will form a Golden Cross on the 1D time-frame, the first such formation since October 29 2023. As we've analyzed before, it is no coincidence that exactly 1 year later a new 1D Golden Cross emerges as seasonality and long-term Cycles play a pivotal role for BTC. On top of that, the price made a major re-test (and so far bounce) at the top of the former Channel Down that broke upwards last week. If this re-test holds, it is the best short-term signal for a new High. In fact the price has been making Higher Highs since the August 05 bottom, forming a double Channel Up pattern, and those Higher Highs are the reason why the market got behind this rally and supported it to break above the 7-month Channel Down. So the Higher Highs along with the 1D Golden Cross are the bullish combination that the market needs to look (much) higher. The first technical target now is naturally the 73800 All Time High (ATH). It is very possible to see it get tested by the election day. But what do you think? Do you expect the ATH to break aggressively after the elections, just like the October 2023 1D Golden Cross did? 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
3
BTCUSD_107 2024.11.07 06:51:03 Trading Signal BUYFrankPro Signal for BTCUSD_107 Type: Screen Signal: BUY TP: 76385.59 SL: 74380.86 Entry Price: 74667.25 Analysis for BTCUSD Forecast Overall(Short-Term, Long-Term): ST= Strong Up LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Up LT=Up ST=Up LT=Up ST=Up LT=Up Analysis Method(0) Based on the provided analysis, here is my assessment of the expected price movement for BTCUSD: **Short-term (next few days to a week):** * The price is expected to go up. The technical analysis indicates a bullish trend, with Bitcoin breaking above a key bearish trend line and trading well above the 100-hour Simple Moving Average. The MACD and RSI also suggest increasing momentum in the bullish zone. * The institutional activity, although mixed, shows some optimism with BlackRock's IBIT seeing inflows. The correlation between Trump's rising odds and Bitcoin's price performance also supports a short-term price increase. * The forecast suggests that Bitcoin could continue its growth, targeting levels above $72,665. **Long-term (weeks to months):** * The price is expected to go up. The "Descending Broadening Wedge" pattern on the weekly chart suggests a potential 30% rally to $88,000 by year-end. * Long-term projections by Bernstein Group analysts indicate a target of $200,000 by 2025, driven by growing institutional adoption and broader market structural changes. * The overall sentiment and technical analysis suggest a bullish long-term outlook for Bitcoin. **Note:** The election outcome is a significant factor in the short-term price movement. If Trump wins, the price could reach $80,000-$90,000, but if Harris wins, there could be a potential pullback to $50,000. However, the long-term outlook remains bullish regardless of the election outcome. Result: ST=Up LT=Up Analysis Method(1) Based on the provided analysis, here is my assessment of the expected price movement for the BTC/USD pair: **Short-term analysis (next few days to a week)** * The price is expected to go up if Trump wins the election, potentially reaching $80,000 to $90,000. * The technical indicators, such as the MACD and RSI, are showing bullish signals, supporting the upward trend. * The market is expected to remain highly volatile, with key levels to watch at $75,000 (immediate resistance), $70,000 (critical support), and $68,000 (secondary support). * The Federal Reserve's decision on interest rates could also impact the price, potentially driving it up if the Fed cuts interest rates. **Expected short-term price movement:** Up **Long-term analysis (next few months to a year)** * The price is expected to continue its upward trend, potentially reaching $88,000 by year-end if the current technical formation holds. * Long-term predictions indicate that Bitcoin could reach $200,000 by 2025, driven by growing institutional adoption, rising U.S. national debt concerns, and broader market structural changes. * The mixed institutional activity, with some ETFs experiencing outflows while others saw inflows, reflects the market's cautious yet optimistic stance. **Expected long-term price movement:** Up **Note:** The price movement is highly dependent on the outcome of the U.S. election and the Federal Reserve's decision on interest rates. If Kamala Harris wins the election, the price could pull back to around $50,000, which would change the expected price movement to Down. Result: ST=Up LT=Up Analysis Method(2) Based on the provided data, here is my analysis: **Short-term Analysis (next 24-48 hours)** * The price has broken above a key bearish trend line and is trading well above the 100-hour Simple Moving Average, indicating strong bullish momentum. * The MACD is showing increasing momentum in the bullish zone, and the RSI is maintaining a position above the 50 level, further confirming the bullish trend. * The "Descending Broadening Wedge" pattern on the weekly chart suggests a potential 30% rally to $88,000 by year-end, which is a bullish sign. * The forecast for November 6, 2024, expects an attempt to test the support level near the 69105 area, followed by an upward rebound and a continuation of growth with a target above the 72665 area. **Expected Price Movement (Short-term): UP** **Long-term Analysis (next few weeks/months)** * The long-term projection remains bullish, with a target of $200,000 by 2025, driven by growing institutional adoption and rising U.S. national debt concerns. * The "Descending Broadening Wedge" pattern on the weekly chart suggests a potential 30% rally to $88,000 by year-end, which is a bullish sign. * Bernstein Group analysts predict a near-term target of $80,000-$90,000 if Trump wins the election, which is a bullish sign. * The institutional activity, although showing outflows from some major providers, also shows inflows into BlackRock's IBIT, indicating some institutional interest in Bitcoin. **Expected Price Movement (Long-term): UP** Note that the short-term forecast is subject to change based on various market and economic factors, including the outcome of the U.S. election. However, based on the current data and analysis, the expected price movement for both short-term and long-term is UP. Result: ST=Up LT=Up
BITSTAMP:BTCUSDLong
by frankiepro
BTCUSD US Election Rally Buy BTCUSD @ 67500 - 67200👾BTCUSD💵 US Election Rally 💎Buy BTCUSD @ 67500 - 67200💎 Tuesday 11/05/2024 07 PM 66600 StopLoss —> 67550 BreakEven+ Scalp TakeProfit 1: 67700 TakeProfit 2: 67900 TakeProfit 3: 68100 Daily TakeProfit 4: 68300 TakeProfit 5: 68500 Swing TakeProfit 10: 69500 TakeProfit 20: 71500 TakeProfit 30: 73500 Position TakeProfit 50: 77500 TakeProfit 100: 87500 TakeProfit 200: 107500 TakeProfit 300: 127500 Richard Eyo ~ The Wizard 🧙‍♂️
BINANCE:BTCUSDLong
by SmartWizardFX
Bitcoin - Fractals and PerspectivesThe willingness to learn, however, changes everything. Active traders treat market analysis with an open attitude and they are interested in learning how to analyze the market structure. They combine concepts such as trends, patterns, and support and resistance to actively improve their analysis and trading skills. These traders are real manual traders. This article is intended for those in the latter group, the learners and active traders. We will explain how you can understand the market with more clarity. The Market is Fractal of Nature Does the market move erratically? Or is there an order behind the chaos? According to the Chaos Theory, the apparent randomness of chaotic complex systems depend on their initial conditions. The concept is not that complicated as it seems: basically the ‘chaotic’ behavior is really not as chaotic as it seems. Simply said, there are underlying patterns that repeat in a similar way on all scales. This phenomenon can be seen in both natural systems, like weather and climate, and artificial elements like road traffic and economics. And yes, this includes the financial markets in general. The market is Fractal in nature, which means that similar price patterns repeat on all time frames. So I started researching fractals a few years ago. Many fractals have worked out, in some cases partially worked out, the study is a process of learning and growth. I want to share it with you today. Why it works I have already said in previous posts - because all the same asset managers all the same algorithms all the same emotions and all the same actions people make in this or that situation. The nature of human behavior cannot be deceived. that's why fractals repeat themselves. I have selected all the structures of reversal and further perspectives of charts The main indicators : 1. this is the formation of the bottom 2. Holding levels 3. Formation of a horizontal strong level and its breakdown That's all bitcoin has done in the last year. What's next? Statistics I found only one fractal after which we update the bottom. No rolling growth 4 fractals And most of them are 20-40 sideways and up. All fractals are below. These are all the fractals I want to share with you. Best Regards EXCAVO
BITSTAMP:BTCUSDLong
by EXCAVO
41
The Bull market ContinuesBull market is back in full swing with a strong upwards momentuem following the last couple of weeks, Volume has been accumulating within the 55-65k zones Any retracement Would lead us to 68-73k becoming Soft supports and the 55-65k zones becoming medium to hard Supports The Total depth of the buy orders are now looking alot more bullish as the continuation of the bullish market has Dissolved most some of the bearish sell zones, Playing for retracement can be tricky in scenarios of world events such as trump winning It would be high Risk to Short the market at the current state,for the next couple of week i would suggest holding.
BINANCE:BTCUSDLong
by Glo1235122
BTC - Will this pattern continue to play out?Since March of 2024, BTC has been alternating between red and green candles on the monthly time frame. Is this just a coincidence? Social media predicted September would be a bad month for cryptos because it historically was. But what happened instead was a 7% increase for a green September. Currently social media is buzzing October will be a great month for crypto and giving it the moniker, "UPtober." If BTC wants to close with an October green candle, it needs to close above $63,325. It's still very early in the month, so anything can still happen. But the fact is, as of October 5th, BTC is at $61,750 and a red candle. October could easily close in the green and this alternating pattern would come to an end. I find it interesting the recent price of bitcoin has been doing the exact opposite of what the majority of social media is pushing. I'm not hating on BTC or social media, I'm just making an observation. It raises my eyebrows because I see a pattern. It may be a weak thesis, but I'm curious to see if this pattern does play out.
KRAKEN:BTCUSDLong
by babychester