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BTCUSD trade ideas

The next big rallyBitcoin: 2024 to 2025 Right now, Bitcoin is presenting an unparalleled opportunity for both investors and traders. With the current market setup. This is a moment you don’t want to miss. Adding fuel to the fire, the recent Bitcoin price rally comes after U.S. Vice President and 2024 Democratic Party nominee Kamala Harris made significant remarks during a Wall Street fundraiser. According to a Bloomberg report, Harris stated that if she wins the White House in November, she would "encourage innovative technologies like AI and digital assets while protecting our consumers and investors." This announcement has added optimism to the market, signaling potential policy support for digital assets like Bitcoin in the future. The bullish flag pattern that Bitcoin is forming is approaching its breakout point, signaling the potential for a massive pump ahead. Historically, once Bitcoin starts its upward surge, it rarely pulls back, so timing your entry is critical. If you wait too long, the opportunity might slip away, as it tends to climb rapidly without many chances for re-entry. Bitcoin Technical Analysis: Where to Take Profit? Let’s start with Bitcoin’s price action. When it comes to taking profit, I highly recommend aiming for the top of the long-term trendline, which dates back to the major cycles of 2017, 2021, and now 2025. This trendline serves as a critical resistance level and a strong point to book your profits. However, if you’re looking for alternative targets, I’ve also applied the pivot levels which offer highly reliable profit-taking zones. Focus on these key levels. These levels are frequently used by experienced traders to maximize their gains, and you can see them clearly marked on the chart for your reference. Important Trading Tips 1. Always book profits: Don’t get greedy—lock in your gains at strategic points like the long-term trendline or key pivots. 2. Be prepared: Bitcoin's bullish momentum often leaves little room for second chances. Get your entries right and don’t hesitate when the breakout starts, as the next leg up could be explosive.
BITSTAMP:BTCUSDLong
by samstoobad
1
SCENARIO 2- BITCOIN WEEKLY CHART (STRONG BULLISH MOMENTUM)In this analysis I see a Cup and Handle formation likewise a Bull Flag formation ((more reason why I foresaw next (highs) target for Bitcoin to be within the 100k-104k range i.e. Price Objective for Flag pattern)). Range bound Price objective met 81k-82k. As for Cup & handle price objective sits at 125k. Let's see how Price Action unfolds in the coming weeks and months. Bitcoin has gathered strong momentum to the upside. No doubt there will be retracements on its journey but caution is required if & when SHORTING Bitcoin at this time. RECAP on Bullish Chart Patterns 1. Range breakout 2. Bull Flag 3. Cup & Handle.
BITSTAMP:BTCUSDLong
by GhosTrader_GT
BTC new all time highs.I have seen enough to determine that we are headed to a new all time high just like the stock market will see a new high before we head lower. If you haven't seen my idea on the SPX (see the link below). Looking at the BTC on the monthly chart, we can see that it looks like we are doing an expanded flat. As we can see the top in October 2021 was not the "real" top but a correction top in an expanded flat as it went up in 3 waves. Also most indicators will show that April 2021 was the actual top. Thus I believe we are in the wave 5 which will take us to about between 70k and 96k using fibonacci extension on the candle and line. Once we get above the previous high, the media will hype up 200k-500k and most people will FOMO in there since it would look like we have no more resistance and the sky's are clear. This in my opinion will lead to the biggest crash in Crypto, and bitcoin. Watch the charts and not what they say. This is just my opinion and not a financial advice, please do your DD.
BITSTAMP:BTCUSDLong
by BlackisKing
100
BTCUSD Eyes $93K Amid Institutional Buys & Post-Election InflowsFundamental Analysis: MicroStrategy's Major Purchase: MicroStrategy’s recent acquisition of 27,200 BTC at an average price of $74,463 reinforces its bullish outlook. This buy has pushed Bitcoin's valuation and likely contributed to the recent rally, with Bitcoin now trading near $84,000. The company now holds 279,420 BTC, valued at approximately $23 billion, showcasing substantial institutional backing, which could add stability and investor confidence. Crypto Investment Inflows: Following the recent US elections, there has been a surge in crypto investment inflows, with $1.98 billion added, pointing to renewed investor interest in digital assets. The post-election sentiment and optimism about future economic policy may further boost Bitcoin's demand, sustaining its current upward momentum. Market Sentiment: With Bitcoin nearing its ATH, the market is at a crossroads. Some analysts predict a rally toward $100,000, while others warn of a potential correction due to overbought conditions. The massive inflows and institutional investments suggest optimism, but caution is advised due to the likelihood of profit-taking and market volatility. Outlook: Bullish Scenario: Stability above the $79600 resistance could propel BTC/USD toward the $92800 and $100,000, driven by strong institutional support and positive market sentiment. Bearish Scenario: Failure to break resistance could lead to a correction, with potential support around $71,400. Conclusion: The BTC/USD chart reflects a strong bullish outlook, but it is crucial to remain cautious of potential corrections, especially near key resistance levels. MicroStrategy’s large-scale investment and post-election inflows provide a supportive backdrop, making a $100,000 target plausible if Bitcoin sustains its current momentum. previous idea:
BITSTAMP:BTCUSDLong
by SroshMayi
Bhutan’s $33M Bitcoin Sale – What’s Next for BTC?In a major move that has captured the crypto world’s attention, Bhutan’s government has offloaded $33 million worth of Bitcoin ( CRYPTOCAP:BTC ) through Binance. This sale comes just weeks after the country’s previous $66 million BTC sell-off. As Bitcoin hovers near all-time highs at around $91,000, the Royal Government of Bhutan appears to be taking profits, which is influencing the broader crypto market sentiment. This article delves into both the technical and fundamental aspects shaping Bitcoin’s next moves as whales offload and accumulate, with a potential BTC milestone of $100,000 looming. Bhutan’s Profit-Taking & The Whales’ Game According to Arkham Intelligence, the Royal Government of Bhutan recently moved over 367 BTC, valued at $33 million, to Binance, capitalizing on Bitcoin’s rally after it touched a high of $93,000. Bhutan’s activity in the Bitcoin market signals a strategic profit-taking move, potentially a wise decision in a highly volatile environment. But Bhutan isn’t alone in its CRYPTOCAP:BTC strategies. Over the past week, other Bitcoin whales have collectively accumulated over 100,000 CRYPTOCAP:BTC , revealing a balanced dynamic where one faction is securing profits while another continues to build positions for the anticipated bull cycle. This mixed whale sentiment could create temporary selling pressure, but it also underscores confidence in Bitcoin’s long-term potential. Interestingly, the United States may soon adopt an even more active role in Bitcoin acquisition. Under a proposal by pro-crypto Senator Cynthia Lummis, the U.S. government could acquire 1 million BTC annually over five years, with former President Donald Trump proposing a Strategic Bitcoin Reserve. This government-level activity suggests a significant endorsement of Bitcoin as a strategic asset. Technical Analysis As of this writing, Bitcoin is up 1.31%, trading at approximately $91,000. Over the last few weeks, CRYPTOCAP:BTC has navigated a symmetrical triangle pattern, a technical setup indicating consolidation before a potential breakout. Recently, BTC broke above the rising trend channel formed by this triangle pattern, signaling bullish momentum. However, with Bhutan’s latest sell-off, traders may react to this profit-taking by adopting a cautious stance, which could lead to a price correction. If CRYPTOCAP:BTC retraces, it’s likely to find support around $84,000, a critical level identified by analysts as a consolidation floor. Beyond this immediate outlook, the $100,000 milestone remains within reach. Many traders and analysts view this psychological level as the next major target, especially if the ongoing accumulation trend by whales persists. The broader crypto market capitalization has rebounded from a low of $2.99 trillion to its current level near $3 trillion, underscoring the market’s resilience despite recent sell-offs. What’s Next for Bitcoin? Bhutan’s sale of $33 million in BTC represents a potential short-term headwind for Bitcoin’s price. Crypto analyst Ali Martinez also anticipates a price correction, driven by profit-taking and an influx of selling pressure. However, the fundamentals of the market, including whale accumulation and the broader institutional interest in CRYPTOCAP:BTC , remain strong. For traders, the key levels to watch are the $84,000 support and the psychological $100,000 resistance. A sustained rally toward $100,000 could lead to another round of institutional interest and further accumulation by whales, solidifying Bitcoin’s position in a long-term bull run. Conclusion Bhutan’s profit-taking reflects a strategic approach to Bitcoin’s ongoing rally, with the government banking on BTC’s parabolic price rise. While this move could trigger a brief price correction, accumulation by other whales and ongoing institutional interest suggest that any dips may be short-lived. With Bitcoin close to reaching the historic $100,000 level, the coming weeks are poised to be crucial. As whales continue their moves, keeping an eye on these key technical levels will be vital for traders looking to capitalize on Bitcoin’s next leg up.
COINBASE:BTCUSD
by DEXWireNews