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$BTC God Candle HYPER BULLThe Hyper case for BTC As the world watches in surprise NASDAQ:MSTR consumes all of the CRYPTOCAP:BTC leveraging never ending fiat printing and cheap debt which forces all of the big institutions to pay attention. All publicly traded companies begin to realize that they must do the same to protect of the impending doom of hyperbitcoinization as their treasuries goto zero against CRYPTOCAP:BTC 130trillion moves into bitcoin. NASDAQ:MSTR = becomes #1 stock in the world. ( currently #380 and advancing rapidly )
BITSTAMP:BTCUSDLong
by dalmasmedia
Bitcoin God Candle as $MSTR consumes $BTCAs the world watches in surprise NASDAQ:MSTR consumes all of the CRYPTOCAP:BTC leveraging never ending fiat printing and cheap debt which forces all of the big institutions to pay attention. All publicly traded companies begin to realize that they must do the same to protect of the impending doom of hyperbitcoinization as their treasuries goto zero against CRYPTOCAP:BTC $130trillion moves into bitcoin. NASDAQ:MSTR = becomes #1 stock in the world. ( currently #380 and advancing rapidly )
BITSTAMP:BTCUSDLong
by dalmasmedia
Bitcoin Rallies to Key Resistance at $71,500Bitcoin (BTC/USD) Price Report – October 29, 2024 Current Price: 71,368.91 USD Daily High: 71,500.00 USD Daily Low: 65,149.51 USD Volume: 120.82 (moderate activity) Price Movements Bitcoin is currently trading near 71,368.91 USD, approaching the daily high of 71,500 USD after a substantial rally. This marks a significant recovery from earlier lows around 65,149.51 USD, reflecting a strong bullish trend over the past few sessions. Key Levels Resistance: 71,500 USD: The current daily high and a critical resistance level, marking the highest point in recent trading activity. Bitcoin is testing this area, and breaking through could signify continued upward momentum. Support: 67,500 USD - 68,500 USD: This zone has shown to be a strong support during previous dips, where buyers re-entered, creating a potential floor if the price retraces. 65,149.51 USD: The daily low and key support level from earlier in the week. This area is essential to monitor if Bitcoin experiences a significant pullback. Trend Analysis October 24-25 Decline: The chart shows a notable drop in Bitcoin's price, falling to 65,149.51 USD, its lowest level in the last week. This decline marked a significant retracement before a sharp reversal. Recovery and Rally: Since the October 24 low, Bitcoin has been on a strong recovery, breaking multiple resistance levels. The price began its steep upward trend around October 28, with clear signs of bullish momentum as it surged past 67,500 USD, eventually reaching today's high at 71,500 USD. Outlook Bullish Bias: If Bitcoin can break and sustain above 71,500 USD, the bullish trend may continue, with the potential to target the 72,000 USD and 73,000 USD levels. A break above 72,000 USD could lead to increased buying pressure and drive prices higher in the short term. Bearish Bias: Failure to break and hold above 71,500 USD could result in a pullback. In this scenario, 68,500 USD could act as the first significant support, followed by 67,500 USD and, in a more substantial correction, the 65,149.51 USD level might be retested. Conclusion Bitcoin is displaying strong bullish momentum, currently testing resistance near 71,500 USD. A break above this level could lead to further upside, while failure to break resistance may result in consolidation or a slight correction towards the lower support areas. Traders should watch the 71,500 USD level closely for indications of a breakout or reversal. Disclaimer: This report is based on current market data and is intended for informational purposes only. Always perform additional analysis or seek expert advice before making trading decisions.
COINBASE:BTCUSDLong
by Joekenstein7
Oct.22-Oct.28(BTC)Weekly market recapThe recent initiation of a new round of interest rate cuts by major Western central banks, coupled with China's extensive monetary and fiscal stimulus, may serve as key catalysts for the recent surge in Bitcoin (BTC) prices. Additionally, the continued significant net inflow into BTC exchange-traded products (ETPs) indicates a persistent influx of traditional capital into the cryptocurrency market, reflecting confidence and optimism among investors. As the U.S. elections approach, the high-profile campaign of Republican candidate Donald Trump, who is supportive of cryptocurrencies, has bolstered market confidence in his potential victory, with the probability of his success soaring to 66.3%. This factor may also play a role, although caution is warranted regarding the risk of a market correction following the election. Last week, BTC fluctuated near resistance levels and broke through to $71,000 during the early and late hours in the U.S. market yesterday. The WTA indicator shows the emergence of blue bars representing whale activity, suggesting that macroeconomic shifts are beginning to attract substantial capital. The purple wave area on the ME indicator is widening, indicating a strengthening bullish sentiment. In summary, we believe BTC may continue to rise this week. We have adjusted the resistance level to $72,000 and the support level to $65,000. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:BTCUSD
by Sypool
BTC - Election period - Break-out time!Hey, folks. BTC is repeating a fantastic pattern. Just like last election period (2020), so again this election period (2024). Note the chart above... Leading up to the last election, BTC went through the follow pattern: left - large dip (blue), then returned to resistance line (yellow) left - small dip (purple), then returned to resistance line (yellow) left - break-out near election time. So too again this election period: right - large dip (blue), then returned to resistance line (yellow) right - small dip (purple), then returned to resistance line (yellow) right - break-out near election time. The large dips weren't exactly on the 4-year cycle, but close. However, by the time the election rolled around, the two cycles merge to a similar timeline. The last break-out in 2020 happened around election time, when BTC completed a small dip and returned to the resistance line. It looks like BTC is going to do that again this time in 2024, as it has just completed a small dip and returned to the resistence line. Now... notice how high the last break-out in 2020 ran up to? It jumped from around $ 12K to around $ 64k... a gain of $ 52K, which is a rise of 433%. If that were to happen again this time, BTC would climb as high as $ 373k. That's 433% higher than the $ 70k it is at now. Even if it does only half that amount, say just 200% to be conservative... that would put the next BTC spike at around $ 210k. We're all looking forward to the $ 100k celebration. But I'm thinking we should be looking even higher... at $ 200k during this next spike. Every 4 years without fail so far. And that golden 4th year is 2025!
BITSTAMP:BTCUSDLong
by WorthAShot
Bitcoin remains in bullish territory - my next tradesLet’s break down the current cycle indicators and what they mean for BTC: 1. 1-Day Cycle Indicator (Blue Line) - This tracks Bitcoin’s short-term trend (1 week) and ranges from 20 (oversold) to 80 (overbought). It’s currently at 29, hinting at a potential bullish reversal for the week ahead. This could indicate an upswing in the short term if momentum follows through. 2. 3-Day Cycle Indicator (Violet Line) - Great at forecasting the trend for the next 12–18 days, especially in a sideways market (like the last 6 months). With the indicator nearing 80, there’s room for some upside in this cycle, suggesting that BTC could see positive movement next week. 3. 1-Week Cycle Indicator (Red Line) - Provides a broader view, indicating longer-term trend reversals (1–2 months). It’s currently at 93, placing it in overbought territory, which signals a potential for a larger trend reversal as we look further out. This could suggest a corrective phase may be on the horizon. Summary: While short- and medium-term indicators suggest near-term gains, the high 1-week cycle reading hints that a longer-term pullback could follow soon.
BITSTAMP:BTCUSDLong
by TheStrategyMaster
10/28 Confirmed yearly bull flag. Overview : The AMEX:SPY closed the week lower, breaking a six-week winning streak that had started just before the first rate cut. NASDAQ:QQQ managed to stay green, hovering near an all-time high. Last week, the Fed reported 738,000 new home sales and 3.84 million existing home sales. Notably, while existing home sales are declining in a descending triangle pattern, new home sales have been forming an ascending triangle—signaling diverging trends in housing demand. The job market showed resilience, with jobless claims lower than the last two readings, indicating improvement. However, this job strength could complicate rate cuts since the Fed targets stable inflation around 2%. This week brings major data releases: Tuesday’s job openings, Wednesday’s Q3 GDP, and Thursday’s and Friday’s PCE, Core PCE, and the U.S. unemployment rate. Expect a quieter start to the week but brace for potential volatility in the latter half. According to the CME tool, the likelihood of no rate cut has dipped to 1.1%. This rate cut probability has fluctuated widely over the past two weeks, from 13% to 1%, making it crucial to understand how the CME calculates this metric: 1.Market Data: Fed Funds futures prices reflect market expectations for Fed rate changes. 2.Probability Calculation: The tool derives implied rate change probabilities from the difference between current rates and futures prices. 3.Assigning Probabilities: Each possible outcome—rate cut, hike, or no change—is assigned a probability based on the futures data. CME Group holds a key position in financial markets, having formed from the merger of major exchanges: the Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT), New York Mercantile Exchange (NYMEX), and Commodity Exchange, Inc. (COMEX). This vast network underscores why CME’s Fed tool is a pivotal reference for understanding rate expectations. In the crypto world, ETFs, especially those from BlackRock, have been on a BTC buying spree, significantly outpacing their usual purchase amounts four out of five trading days last week—continuing a pattern that began on October 14. Since then, BTC has climbed from the key level of $62.8k to around $69k, although other institutional players remain less active. This is reminiscent of BlackRock’s February buying spree, which saw BTC rise from $52 k to $61k in just two weeks, with BlackRock averaging $600 million in BTC purchases daily. We’re watching this as a potential signal, though no one’s showing similar interest in ETH ETFs, not even BlackRock, who seems to have stopped DCAing into it. BTC TA : W : The week ended with a small red candle, a relatively calm finish considering BTC is nearing $70k. Could this set us up for a breakout ahead of election results and potential rate cuts? D : Volatility hit hard last week, as anticipated. After a rally to $69k, Friday saw a dip, but big players defended the $66.5k level. Zooming out, BTC’s price rejected the upper bound of a year-long bullish flag, confirming the breakout on October 16 and reducing fake-out risks. However, there are currently no bullish divergences across MACD, RSI, CVD, or OBV. 4h : The recent triple divergence has been cleared, with no new divergences appearing. 1h : Overbought RSI and a shooting star at Monday's open signal a short-term correction, with support at $68.2k and $67.7k. Alts Relative to BTC : ETH remains in a consolidation phase, still far from breaking all-time highs like BTC. SOL has been tracking BTC's moves more closely, while NEAR is close to its yearly low of $3.8. Meanwhile, SUI, APT, and TAO saw 20%-30% corrections last week. Bull Case : We’re breaking out of a year-long bull flag, potentially en route to $100k, with BlackRock leading the charge. Trump appears likely to win, the CME tool shows only a 1% chance of no rate cut, and gold is on the rise. Unless gold crashes, BTC might hold steady. Bear Case : Is this just another bull trap set by market makers? Fear and Greed Index : 54 – Neutral. We may see a shift to greed if BTC breaks above $73k.
COINBASE:BTCUSDLong
by EvgenCapital
Bitcoin Eyes $70k Breakout This Week!Current Price at $68,217: Bitcoin trades above the $68,000 support level, suggesting sustained buying interest as it attempts to consolidate recent gains. Resistance at $70,000: BTC faces a crucial psychological resistance at $70,000. A breakout above this level could signify bullish momentum, targeting higher levels. Support at 61.80% Fibonacci ($66,167): The recent pullback found support at the 61.80% Fibonacci level, around $66,167, a level likely to act as a buffer in case of a downturn. Double Bottom Reversal: On the 4-hour chart, a double-bottom pattern hints at a bullish reversal, with the neckline positioned around $68,200, indicating a potential breakout point. 78.60% Fibonacci Resistance ($69,000): The recovery rally is targeting the 78.60% Fibonacci level around $69,000. Breaking this level could confirm a continuation of the uptrend. RSI Divergence on 4-Hour Chart: The RSI shows divergence, supporting the double-bottom pattern and hinting at a continuation of the bullish reversal if the RSI strengthens further. Short-Term Target at 23.60% Fibonacci ($68,359): BTC needs to surpass the 23.60% Fibonacci level at $68,359 on the 4-hour chart to gain short-term bullish momentum, which may lead to a retest of $70,000. Institutional Inflows in Bitcoin ETFs: Bitcoin ETFs have seen a ~$3.5 billion net inflow over three weeks, signaling strong institutional support, likely to bolster BTC’s price stability and potential uptrend. Retest of Resistance Trendline Breakout: The recent pullback acts as a retest of the resistance trendline breakout, suggesting that BTC could maintain its upward trajectory as long as it holds above this level. Trend-Based Fibonacci Target at $70,817: A breakout above $70,000 could push BTC towards the trend-based Fibonacci target at $70,817, reinforcing the strength of the bullish trend. Next Fibonacci Targets at $73,500 and $75,500: Short-term bullish targets lie at the 78.60% ($73,500) and 100% Fibonacci levels ($75,500), setting potential ceilings for the rally.
BITSTAMP:BTCUSDLong
by Coinpedia-Market-Insight
Bitcoin - American elections, future fluctuations of Bitcoin!Bitcoin is above the EMA50 and EMA200 in the 4H time frame and is trading in its ascending channel Risk ON sentiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement Capital withdrawals from Bitcoin ETFs or risk OFF sentiment in the US stock market will pave the way down for Bitcoin, which can be used to look for Bitcoin buying positions in the two specified demand zones As long as Bitcoin is within the specified range, you can look for buy and sell positions at the top and bottom of the range It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important
COINBASE:BTCUSD
by Ali_PSND