IBIT | Be PatientThe market is declining rapidly, and Bitcoin remains highly volatile, making it dangerous to take risks in the current environment. I have marked the HTF (High Time Frame) demand zones as critical areas to monitor.
Trades should be based on the reactions observed in these demand zones on lower timeframes. This approach helps minimize risk while identifying potential entry points with stronger confirmation.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
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🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
1-BTCUSD
BTCUSDT Long - Short SqueezeFunding rate at its lows. I am expecting a short squeeze from the marked area. I'm bearish overall and will short around the marked levels (from 103k) based on the ETF inflows / outflows. Time / speed above 100k will tell which level will have the biggest chance of being the top.
Bitcoin in 2024: Key Trends, Recent Developments, and Future OutBitcoin in 2024: Key Trends, Recent Developments, and Future Outlook
H ello,
Bitcoin, the world’s first and most prominent cryptocurrency, continues to dominate the digital asset landscape in 2024. Amid a rapidly changing environment shaped by regulatory updates, technological advancements, and shifting market dynamics, Bitcoin remains at the forefront for investors, institutions, and blockchain enthusiasts. Here, we explore the key trends, recent developments, and risks influencing Bitcoin’s journey.
Market Trends and Sentiment
Bitcoin’s performance in 2024 has been marked by volatility and resilience. Following a period of price consolidation in 2023, renewed interest in Bitcoin has surged this year, fueled by macroeconomic factors like inflation concerns, geopolitical tensions, and increasing institutional adoption. This renewed focus propelled Bitcoin to a new all-time high of over $103,000 in December 2024, reflecting both strong demand and fluctuating investor sentiment.
The bullish outlook is largely driven by institutional adoption. Major financial institutions have expanded their Bitcoin offerings, including exchange-traded funds (ETFs), custody solutions, and Bitcoin-backed loans. The U.S. Securities and Exchange Commission (SEC)’s approval of several spot Bitcoin ETFs earlier this month has been a game-changer, attracting traditional investors and enhancing Bitcoin’s accessibility. Conversely, bearish sentiment arises from persistent regulatory uncertainties, particularly in the United States, where stricter scrutiny of exchanges continues to cast a shadow over the market.
Regulatory Landscape
Regulation remains a pivotal yet contentious aspect of Bitcoin's growth. In 2024, several countries introduced comprehensive cryptocurrency frameworks, offering much-needed clarity for the industry. For instance, the European Union’s implementation of the Markets in Crypto-Assets (MiCA) regulation has set a benchmark for crypto governance within the bloc, increasing investor confidence.
Meanwhile, emerging markets such as India and Brazil have embraced Bitcoin as a tool for financial inclusion, fostering widespread adoption. However, not all regulatory developments have been favorable. The U.S. SEC’s cautious approach has delayed approvals for certain cryptocurrency innovations while increasing oversight on exchanges. This dichotomy between proactive and restrictive regulatory environments will continue to shape Bitcoin’s adoption and growth.
Technological Advancements
Bitcoin's technological foundations have seen notable progress in 2024, reinforcing its utility and appeal. The Lightning Network, a second-layer solution designed to enable faster and cheaper transactions, has gained significant traction. This technology enhances Bitcoin’s potential to function not only as a store of value but also as an efficient medium of exchange.
Sustainability has also become a focal point in Bitcoin mining. Renewable energy now powers a significant portion of mining operations, addressing previous criticisms about Bitcoin’s environmental impact. These advancements reflect a broader industry shift toward greener practices, appealing to environmentally conscious investors.
Adoption Trends
Bitcoin’s integration into both institutional and retail financial systems continues to deepen. Institutional adoption has reached unprecedented levels, with leading asset managers incorporating Bitcoin into their portfolios and major banks offering Bitcoin-related services. Retail adoption has also grown, with more merchants and platforms accepting Bitcoin as a payment method.
The rise of Bitcoin-backed financial products, including derivatives and tokenized assets, highlights its maturation as a financial instrument. Bitcoin’s increasing prominence in traditional finance signals its evolution from a niche digital asset to a key player in the global economy.
Recent Developments Influencing Bitcoin’s Price
Spot Bitcoin ETFs: U.S. approval of spot Bitcoin ETFs in December 2024 was a watershed moment, enabling easier access for traditional investors and driving Bitcoin’s price to new highs.
Regulatory Clarity in Europe: The EU’s MiCA regulations have bolstered confidence among European investors and institutions, fostering a secure environment for Bitcoin operations.
Emerging Market Adoption: Nations like Brazil and India have integrated Bitcoin into their financial systems, viewing it as a means of promoting financial inclusion.
Geopolitical Instability: Tensions in global markets have reinforced Bitcoin’s role as “digital gold,” attracting investors during times of uncertainty.
Sustainability Efforts: Renewable energy adoption in mining has improved Bitcoin’s environmental profile, drawing in environmentally conscious stakeholders.
Risks and Challenges
Despite its progress, Bitcoin faces significant challenges. Regulatory uncertainty in jurisdictions with restrictive policies remains a key risk. The SEC’s ongoing scrutiny in the U.S. underscores the hurdles Bitcoin must overcome in certain markets. Market volatility continues to deter risk-averse investors, while competition from other cryptocurrencies and blockchain platforms could dilute Bitcoin’s dominance.
Security remains another area of concern. While Bitcoin’s blockchain itself is highly secure, vulnerabilities in exchanges and wallets expose users to hacks and fraud. Education on best practices and enhanced security measures will be critical to maintaining trust within the ecosystem.
Looking Ahead
The future of Bitcoin in 2024 and beyond will depend on its ability to address these challenges while capitalizing on its opportunities. Key developments to watch include further regulatory evolution, ongoing advances in scalability and energy efficiency, and the continued integration of Bitcoin into traditional finance.
Bitcoin’s journey from a niche digital asset to a globally recognized financial instrument underscores its resilience and adaptability. As decentralized finance and digital currencies continue to evolve, Bitcoin remains at the forefront, shaping the future of the cryptocurrency landscape.
Regards,
Ely
Dynamic Trio: $85K, Trendline, and EMA in FocusThe $85,000 level is a key confluence zone, combining horizontal support, the rising trendline, and the 100 EMA as dynamic support.
This area is critical for potential bullish momentum. Monitor closely for price reactions, as holding this level could trigger a bounce, while a breakdown may lead to further downside.
BTC USD IdeaWe are closely looking level 90,682.58 on the BTC/USD pair. It appears the market is entering a bearish pullback towards the end of the year. On the order book, we see large funds selling positions to secure year-end profits. We consider this market condition a pullback phase if we break through the 90,682.58 fractal low. This is normal and occurs every December in the markets. Overall, we only scalp trade during December and January, without expecting any significant moves. We will keep you posted if volume returns to the markets.
BTC/USD 4 HOUR CHART FALL WARNING BARTS HEADIn this idea I illustrate how we are on a Barts head falling to 86-87k range. The reason I believe this has been missed by a lot of people is the slanted angle of it as we are on a hard uptrend. Tilt your head and see what I mean...I hope this helps you. Much love - ND
DAY 4 - Daily BTC UpdateContinuing my 7 Days of CRYPTOCAP:BTC - Day 4
There are a couple of different moves for BTC, as follows:
🎁 1st Pattern: Christmas Present on the Way!
This pattern hints at a potential holiday rally—Bitcoin might be wrapping up a bullish gift for us just in time for Christmas. Keep an eye on the levels forming as the market prepares for a festive push!
(Must hold the low)
🌱 2nd Pattern: Kicking Off the New Year Green!
Should pattern 1 break down - The New Year could start on a bullish note! This pattern shows Bitcoin gearing up for a strong January, potentially setting the tone for 2025. Stay tuned—this could be the start of something exciting!
📊 Fear & Greed Index:
Dipped to 55, cooling off and setting the stage for the next big move. Historically, this range signals a prime setup for a bull market. Sentiment is resetting, and the crypto crowd is getting ready to charge.
When you step away and think you have a moment to celebrate, Bitcoin may have other plans.
Keep a close watch on these setups—volatility loves the holiday season. 🚀🚀🚀
Potential bullish rise?The Bitcoin (BTC/USD) has reacted off the pivot which has been identified as a pullback support and could rise to the 1st resistance which acts as an overlap resistance.
Pivot: 92,651.63
1st Support: 87,516.30
1st Resistance: 99,246.82
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
After the volatility period around December 27th...
(Title) What will it look like after the volatility period around December 27th
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USDT is currently showing a gap down, although small.
USDC is showing a gap up steadily.
The gap up of USDT and USDC means that funds are flowing into the coin market.
I think the start of the altcoin bull market should be below 55.01 and maintained or show a downward trend.
The decline in USDT dominance is likely to result in a rise in the coin market.
If it rises above 4.97, the coin market is likely to experience a sharp decline and the coin market is likely to show a downward trend.
If USDC continues to fall, it is likely to fall to around 2.84.
After that, it is expected that the coin market will gradually show a downward trend while rising.
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(BTCUSDT 1D chart)
The HA-High indicator on the 1W chart is showing signs of being created at the 94742.35 point.
Therefore, if the HA-High indicator of the 1W chart is generated, it is important to see if it can be supported near that area.
If it falls without being supported, there is a possibility that it will meet the M-Signal indicator of the 1W chart.
Before meeting the M-Signal indicator of the 1W chart, it is necessary to check if it is supported near 87.8K-89K.
-
The Momentum indicator is showing a continuous downward trend.
We need to see if it shows an upward trend when a new candle is created.
-
Looking at the overall picture of BTC, it is still in the sideways section.
Therefore, the point of interest is whether it can rise above 97821.58-98892.0 by rising near 92K-93.5K.
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Thank you for reading to the end.
I hope you have a successful transaction.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, I expect that we will not see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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Bitcoin DominanceMaximum suffering is nearing completion for #alts
While the major correction that occurred in #Bitcoin recently will cause a major upward phase for CRYPTOCAP:BTC.D , it will also be left behind as a healthy RETEST for the supply zone lost on a monthly basis and the rising wedge.
CRYPTOCAP:BTC dominance confirms retest for retracement on monthly basis heikin ashi candles!
2024 Santa Rally and More - Up/Down/SidewaysIt's that time of year again. The final trading weeks of 2024 and the technical "Santa Rally" (trading through Christmas and New Year's) is upon us.
Unfortunately the FED put a bit of a cap on the extremely optimistic and borderline euphoria that was bubbling over going into the FOMC Rate Decision.
100 bps of cuts, yet the US10Y (10 year yield) has virtually moved in the exact opposite direction. Inflation is now a concern and this is a big reason for the FED's "hawkish cut" in December. The market will have to figure out how 1-2 cuts in 2025 looks compared to 4-6 cuts that was anticipated.
I don't think the 1 day FED move is enough of a correction to justify loading up on longs, so I'm looking for 200 EMA tests and better prices all around. If I don't get them, I suppose I'll just wait longer :)
Happy Holidays to everyone
Thanks for watching!!!
Bitcoin Alpha ReportMonday Alpha Report
2024 12 23
Bitcoin
Following a heart-gripping correction to ~$92,000 Bitcoin rallied slightly to re-test our ascending level of support, taking several forms from the diagonal trendline on the Daily Timeframe, to the 200 SMA on the 4H Timeframe.
Bitcoin now finds itself back at ~$93,000 after failing to sustain above $95,000 - a level I have continually highlighted as critical to maintaining this currently rally. The longer Bitcoin sustains underneath $95,000 - more downside risk emerges.
My current worst-case scenario is a retracement to $75,000 - $80,000. However, currently there are no fundamentals that fully support this. This worst-case target is based on the prevailing CME Futures Gap, the previous consolidation level sustained throughout the ‘Summer Doldrums’, and the projected vicinity of the Daily 200 SMA.
Keep in mind, that Bitcoin often performs very strongly into Christmas, so it is still possible we get our ‘Santa Rally’. If that occurs, the critical level to watch will be $100,000 - $104,000. That would be the projected ‘Lower High’ target if Bitcoin is to rally into the end of the year yet still maintain it’s trajectory for a longer-term correction.
I remain optimistic that we can still reach the price target of $120,000 by Trump’s inauguration - however there is a time to be bold and a time to prepare and manage downside risk - unfortunately this is the later.
In addition, Michael Saylor’s comments have failed to bring enthusiasm to the markets this morning. Recent reports suggest that MSTR plans to pause Bitcoin purchases in January due to a ‘self-imposed blackout period’. This pause is expected to last through January, resuming after the company’s earnings call in early February 2025.
Therefore, applying a timeline to our scenarios, if Bitcoin fails to rally into Trump’s inauguration, and we did indeed just experience a local top, I expect sluggish if not downward price action through the beginning of the year with the rally to resume in February-March. That will give time for two critical catalysts to occur: MSTR’s renewed buying, and a chance for the Fed to pivot to a more dovish tone and ramp up or provide more clarity on rate cuts - the catalyst which I believe is primarily responsible for Bitcoin’s current rally.
In summary, traders should be prepared to act tactically upon trading signals, with optimism, however be prepared for a several month slump. This last part should be viewed with great optimism however, because a correction now for several months almost guarantees a right-handed cycle that will extend deep into 2025 for cryptocurrency.
In short: we might be experiencing a local top, but we are most certainly not experiencing a cycle top.
Trends:
5M: Bearish
30M: Bearish
1H: Bearish
4H: Bearish
Key Levels:
Point of Control: $95,373
VWAP: $94,568
Value Area Low: $92,143 - $93,798
Value Area High: $95,804 - $96,991
Resistance: $99,500
Support: $86,900
Strategy:
Price is currently trading in the Value Area Low for the day, after experiencing a sell-off and a rejection from $94,000. Traders can position for a potential double-bottom, and target today’s Value Area High in the short-term and optimistically a Christmas rally into $100,000 - $104,000.
Focus on managing down-side risk however, as prices below $92,000 will likely trigger another wave of sell-offs as liquidations are forced and fear is in the air.
BTC : All Time High IN - OR Multimonth Playout?Bitcoin has begun a steep drop, and it's likely that the ATH is priced in. This fits my previous idea that the ATH would either be just over or just under 100k.
There is, ofcourse, another option as well - a continuation over the next few months. This is likely if the price of BTC follows a fractal of the previous cycle. It would become likely if we see a strong bounce around the 81-82K zone, pushing us up into the 90's.
But, at the moment, I'm leaning towards the idea that the ATH is in.
It would also makes sense for the ATH to be in, from an Elliot Wave Theory perspective, since we've made a perfect 5 waves. If this is indeed the case, we can look forward to a few more rallies in the altmarket.
_______________________
BINANCE:BTCUSDT
Bitcoin (BTC): What’s Next After This Correction?Good morning, trading family!
Bitcoin ( CRYPTOCAP:BTC ) is in a correction, and here’s what could happen next:
Option 1: BTC corrects to the $84K range and then makes a move to $11K+.
Option 2: We drop further into the $74K zone, then push higher.
Option 3: A deeper drop to the $60-$55K zone, followed by a recovery.
These are the levels I’m watching. Let’s stay focused and be ready for the next big move!
Wellness Challenge:
I challenge you to try one of the wellness tips that I added to my videos that I did today ! It could be drinking more water, eating better, or taking short breaks. Pick one and stick with it for a week—let me know how it works for you!
Comment, like, follow, or send me a message if you want more details or want to share how your challenge is going!
Kris/Mindbloome Exchange
Trade What You See
#ALTSEASON IS COMING!#TOTALALTCOINS CUP & HANDLE BREAKING BULLISH! 🔥👇
The Total Altcoin Market Cap has formed a massive **Cup & Handle pattern** on the weekly chart, and it's breaking out bullish! 🚀
With the breakout confirmed, the market is targeting a massive move toward **$1.72T**, representing a 531% increase! Altcoins are showing incredible strength—keep an eye on the market as it sets up for a potential mega rally!
#Crypto #Altcoins #BullRun2025
Bitcoin peaked and fell backBitcoin has completed five waves of rise in the accelerated rising channel, and a peak signal has appeared, and then it has started to pull back. The current pullback wave is an adjustment phase, providing an opportunity to wait for the price to fall back to a suitable position.
In the short-term trend, bears dominate. The support below is 92,000.
The upper pressure is around 96,000, the low point of the 4th wave.
Then you think the price can return to around 86,000 at the initial stage of the previous rise. Will a high reversal even occur?
Welcome to leave different opinions, like and leave a message.
BTC/USD Weekly Chart Analysis: Potential Price Scenarios in 2025Overview:
Bitcoin has displayed remarkable strength in the past few months, approaching critical levels in its long-term ascending channel. The current price action reflects bullish momentum, but there are key levels to watch for potential corrections or continuations. Here’s my detailed analysis based on this weekly chart.
Key Observations:
Ascending Channel:
BTC is trading near the upper boundary of a well-established ascending channel, which has historically acted as resistance.
If this boundary is broken with strong volume, the next potential target lies around $116,000.
Structure Levels:
A Weak High at $102,000 indicates the possibility of a short-term pullback before testing the resistance zone.
Break of Structure (BOS) and Change of Character (CHoCH) signals confirm bullish dominance, but corrections are part of healthy price action.
Moving Averages:
The 50-week and 100-week moving averages continue to slope upward, with price trading well above these levels, signaling a strong bullish trend.
Any retracement could find support at the 50-week MA or the mid-range of the channel.
Support and Resistance Zones:
Resistance: $102,000–$116,000.
Support: $76,000 (Golden Pocket) and $64,000.
Indicators:
RSI is currently overbought at 75, indicating the potential for a cooling-off phase.
MACD shows bullish momentum but hints at overextension as the histogram peaks.
Projected Scenario:
Scenario 1: BTC tests the Weak High at $102,000, faces rejection, and consolidates near the mid-range before attempting to break higher.
Scenario 2: BTC breaks out of the ascending channel, initiating a parabolic move toward $116,000.
Potential Risks:
A failure to hold support at $76,000 could lead to a deeper correction, testing key structural levels like $64,000 and $42,000.
Macro factors such as interest rate decisions or global economic uncertainties could heavily impact sentiment.
Conclusion:
Bitcoin is in a strong bull market phase, but caution is warranted near the upper boundary of the channel. Traders should monitor key levels and volume for confirmation of breakout or rejection. A pullback to the mid-range could provide an excellent buying opportunity for long-term holders.
Would love to hear your thoughts—do you expect a breakout or a correction? Let me know in the comments below!
Disclaimer: This analysis is for educational purposes only and not financial advice. Always do your own research before making trading decisions.
SPY/QQQ Plan Your Trade For 12-23: BreakAway PatternToday's pattern is a Break Away pattern.
I'm not expecting much to happen just before Christmas, but this is when surprises may happen.
If you have not already protected your capital - now is the time to do it (almost too late at this point).
You should be prepared for anything that happens and move into a position of safety related to the holidays.
Remember, the markets will always be here. Get through the holidays and get busy trying to enjoy your life.
I suspect the markets will stay very flat over the next 3 to 5+ days.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
btcusd short appratunityThe unit of account of the bitcoin system is the bitcoin. It is most commonly represented with the symbol ₿ and the currency code BTC. However, the BTC code does not conform to ISO 4217 as BT is the country code of Bhutan, and ISO 4217 requires the first letter used in global commodities to be 'X'. XBT, a code that conforms to ISO 4217 though not officially part of it, is used by Bloomberg L.P.
No uniform capitalization convention exists; some sources use Bitcoin, capitalized, to refer to the technology and network, and bitcoin, lowercase, for the unit of account. The Cambridge Advanced Learner's Dictionary and the Oxford Advanced Learner's Dictionary use the capitalized and lowercase variants without distinction.
One bitcoin is divisible to eight decimal places. : ch. 5 Units for smaller amounts of bitcoin are the millibitcoin (mBTC), equal to 1⁄1000 bitcoin, and the satoshi (sat), representing 1⁄100000000 (one hundred millionth) bitcoin, the smallest amount possible. 100,000 satoshis are one mBTC.
Blockchain
Further information: Blockchain § Structure and design
As a decentralized system, bitcoin operates without a central authority or single administrator, so that anyone can create a new bitcoin address and transact without needing any approval. : ch. 1 This is accomplished through a specialized distributed ledger called a blockchain that records bitcoin transactions.
The blockchain is implemented as an ordered list of blocks. Each block contains a SHA-256 hash of the previous block, chaining them in chronological order. : ch. 7 The blockchain is maintained by a peer-to-peer network. : 215–219 Individual blocks, public addresses, and transactions within blocks are public information, and can be examined using a blockchain explorer.
Nodes validate and broadcast transactions, each maintaining a copy of the blockchain for ownership verification. A new block is created every 10 minutes on average, updating the blockchain across all nodes without central oversight. This process tracks bitcoin spending, ensuring each bitcoin is spent only once. Unlike a traditional ledger that tracks physical currency, bitcoins exist digitally as unspent outputs of transactions. : ch. 5
BTC - TOP is NEARBTC is nearing its top. It still has a few more distribution to go but what better time for the final distribution than when Trump becomes president. After all he is "pro crypto" and time for BTC to go to 1million. Everything will be approved, USA will make BTC its reserve.. Blah, Blah, Blah.
This is not a financial advice, please do your DD.
Please support this idea.
"BTC/USD Price Action Analysis: Key Resistance Levels Ahead""Hello Traders,
Here's my latest analysis of Bitcoin (BTC/USD) using price action techniques. The market has recently shown a significant downward move, but there is a potential for recovery based on the current structure.
Key Levels Identified:
Support: $95,548
Immediate Resistance: $102,826
Major Resistance: $107,841
Scenario Overview:
Based on the current price action, I anticipate a potential bullish reversal from the $95,548 support level. The market may test the resistance levels at $102,826 and then move towards $107,841.
Trade Plan:
Entry: Around $96,000 (upon confirmation of reversal)
Stop Loss: Below $95,000
Take Profit 1: $102,826
Take Profit 2: $107,841
The yellow horizontal lines represent key support and resistance zones, and the projected white path shows my anticipated price trajectory.
This analysis is not financial advice; it's for educational purposes only. Feel free to share your thoughts in the comments and let me know your perspective!"
BITCOIN In Coming Days!As I mentioned in previous analyses, Bitcoin finally broke the wedge and the price turned bearish. However, now if the price can break the 0.618 Fibonacci line, it can rise up to 107k dollars.
previous analyses
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
23/12/24 Weekly outlookLast weeks high: $108,403.98
Last weeks low: $92,261.97
Midpoint: $100,332.98
Last week we saw a swing fail pattern (SFP) of the week previous' high. Ever since then it's been a steady sell off throughout the week, mostly thanks to JPows FOMC statements despite a 25bps cut as forecast. BTC is now battling the 4H 200 EMA for the first time since the US election, a much needed pullback or the start of a further sell-off?
Going into the holidays we should expect a lower volume as whales take some time off, retail will remain as crypto is shilled to family members over Christmas dinner so the market will continue to be interesting. The 4H 200 EMA is a key battleground, I would have hoped to see a better reaction off the moving average initially but maybe this is bad timing due to the holidays and lower volume, or the reluctance to open new trades while markets are shut etc.
This week is obviously quiet in terms of data releases, there are various token unlocks ENA, IMX, FET and burns for some key altcoins such as ISP & BONK. I think the general consensus is that normal service will resume in January once everything opens back up.
So for this week it's probably better to set alerts for key areas you want to get involved in, planning for when volume returns to the markets and when Trump takes office too.
Merry Christmas to all and good luck!