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BITCOIN ( UNDER UPWARD PRESSURE ) ( 4H )BITCOIN HELLO TRADERS Tendency after the price stabilizing support trendline , indicates the price is under bullish pressure TURNING LEVEL : there is a orange line around 57,401, indicates if the price trade above this level reach a resistance level , but if the breaking turning level reach a support level RESISTANCE LEVEL: there is a green line around 59,669 , indicates selling have already increase this level , when you reach this level buyer have more supply for bitcoin SUPPORT LEVEL : there is a red line around 54,326 , indicates buying have already increase this level , when you reach this level selling have more demand for bitcoin PRICE MOVEMNET : the price stabilizing above turning level around 57,401 , in my opinion until the price trade above turning level ,indicates buying have more supply for bitcoin, so reach a resistance level at 59,669, then breaking this level reach a next target at 63,083, if the price breaking turning level , indicates selling have more demand for bitcoin, so reach 54,326 ,stabilizing below this level reach a 51,902 TARGET LEVEL : RESISTANCE LEVEL : 59,669 , 63,083 SUPPORT LEVEL : 54,326 , 51,902
BITSTAMP:BTCUSDLong
by ArinaKarayi
BTC Long - Take Profit Targets (Short Term/Scalp)🚀 CRYPTOCAP:BTC Update: Soaring High! 🚀 My positions are crushing it! 🤑 Time to start locking in some gains. 😎 Scaling out in these zones: #BTC: $59.5K - $63.5K 🎯 Already de-risked 25% as we hit the lower end of my targets. Smart money secures profits along the way! 😉 Remember, this is NOT financial advice. Do your own research and trade responsibly! 🧠 Thank you If you’ve found this useful and are interested in learning more, please consider freely supporting my content: 🙏 🔗 Follow me: @endeavor_quest ❤️ Like and Repost
INDEX:BTCUSDLong
by EndeavorQuest
Bitcoin Price Nears 200-Day SMA: Bullish Signal on the Horizon? Bitcoin (BTC), the world's leading cryptocurrency, has been on a rollercoaster ride in 2024. After a strong start to the year, prices dipped below the crucial 200-day Simple Moving Average (SMA) in early July, sparking concerns about a potential bear market. However, recent price movements suggest a potential bullish reversal, with Bitcoin again hovering close to the 200-day SMA. The 200-Day SMA: A Key Indicator The 200-day SMA is a technical analysis tool investors use to gauge the long-term trend of an asset's price. It's calculated by averaging the closing price of Bitcoin over the past 200 days. This metric helps smooth out short-term price fluctuations and provides a clearer picture of the overall market direction. Historically, the 200-day SMA has played a pivotal role in identifying bull and bear markets for Bitcoin. When the price trades above the 200-day SMA, it's generally seen as a bullish signal, indicating an upward trend. Conversely, prices consistently falling below the SMA suggest a bearish market. Bitcoin's Recent Price Movements In early July, Bitcoin dipped below the 200-day SMA for the first time since August 2023. This triggered anxieties among some investors, questioning the sustainability of the current bull run. However, it's important to note that such temporary dips below the SMA have occurred during previous bull markets. For instance, in 2016, Bitcoin fell below the 200-day SMA for three months before embarking on a significant upward trajectory that culminated in the 2017 bull run. Similarly, in 2023, Bitcoin dipped below the SMA in August but recovered shortly after, continuing its bull run through the end of the year. Reclaiming the 200-Day SMA: A Potential Bullish Signal The current situation presents a critical juncture for Bitcoin. It could be a significant bullish signal if the price can successfully reclaim the 200-day SMA and maintain a position above it. This would suggest a continuation of the current bull run and potentially pave the way for further price increases. There's historical precedent for such a scenario. In early 2023, Bitcoin successfully reclaimed the 200-day SMA after a brief dip, marking the beginning of a strong bull run that lasted throughout most of the year. Factors Supporting a Bullish Outlook Several factors contribute to the potential for a bullish reversal. Firstly, Bitcoin's underlying fundamentals remain strong. The network continues to experience steady growth in hash rate, indicating strong miner participation and network security. Additionally, institutional adoption of Bitcoin is on the rise, with major investment firms and corporations increasingly recognizing its potential as a valuable asset class. Secondly, the recent price dip could be attributed to short-term market corrections and profit-taking by some investors. These temporary fluctuations are natural occurrences within any bull market and shouldn't necessarily be interpreted as a sign of a long-term bearish trend. Looking Ahead: Important Considerations While the current price movements suggest a potential bullish outlook, it's crucial to maintain a cautious and realistic perspective. The cryptocurrency market remains highly volatile, and unforeseen events can trigger significant price swings. Investors should closely monitor economic factors, regulations, and industry developments that could impact Bitcoin's price. Additionally, conducting thorough technical and fundamental analysis is essential before making any investment decisions. Conclusion Bitcoin's price hovering near the 200-day SMA presents a fascinating situation. While a successful reclaim of the SMA could signal an upcoming bullish phase, continued vigilance and comprehensive analysis are necessary. The cryptocurrency market is dynamic, and investors should be prepared for potential volatility. However, the underlying strength of Bitcoin's network and growing institutional adoption suggest that the long-term outlook remains promising.
BITSTAMP:BTCUSDLong
by bryandowningqln
#BTC/USDT Weekly Analysis, $44k or $58.5k, Fib Levels.#BTCUSDT Weekly Update: BTC is trading just below the crucial level of $58.5k. Let's look at the current situation. Current Situation: - BTC is in a precarious position. The $51k level corresponds to the 0.382 Fibonacci retracement, which hasn't been tested yet. - The 0.618 Fibonacci retracement, often referred to as the "golden pocket," is also yet to be tested. - A close below the 0.382 level could drive BTC down to $44k or even $38k. This isn't fear-mongering, just a straightforward chart analysis using Fibonacci Retracements. Such a move would likely trigger a broader market downturn, with altcoins potentially experiencing 50% further discounts. Possible Avoidance Scenarios: 1. BTC maintains the monthly support level of $56.5k. 2. BTC closes above the $58.5k level, rendering the current price action as a deviation (false breakdown). For those considering entering altcoins, it might be wise to wait for clear confirmations on either side. Let me know your thoughts in the comments section. Bookmark this chart for future updates, and hit the like button if you found this helpful! Share with your friends. Thank you #PEACE
BITSTAMP:BTCUSD
by Cryptorphic
10
BTC Bearish Pattern in Weekly ChartAfter a long time, BTC has been dropped with weekly candle below bottom line of Pi cycle average line. This is a bearish pattern based on the history. Now resistance is around 65000. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
INDEX:BTCUSDShort
by rukshan2102
#BTC Short Update!#BTC: Holding Strong Within the Box and EMA The anticipated bounce occurred within the expected region, reaffirming our position. Now, it's crucial to observe the weekly close for more clarity. IMHO, avoiding FOMO and waiting for clear reversal signals is wise before making any moves. Will share the weekly chart later today for the exact price levels which BTC needs to reclaim. Let me know what you think in the comment section and please hit the like button if you find my updates helpful. Thank you #PEACE
by Cryptorphic
1
BITCOIN ( UNDER TURNING LEVEL ) ( 4H )BITCOIN HELLO TRADER S Tendency the price trade below turning level at 56,752 , indicates is under bearish pressure TURNING LEVEL : a blue line between resistance and support level around 56,752 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level RESISTANCE LEVEL : there is a black line around 59,383 , indicates selling have already increase this level , so if the price breaking turning level reach this level SUPPORT LEVEL : there is a red line below turning level around 54,488 , indicates buying have already increase this level , so if the price stable below turning level reach this level PRICE MOVEMENT : first the price will trying to rising a turning level around 56,752 , after dropping to the support level around 54,488 , then stable below this level reach 52,454 , if the price breaking turning level reach a resistance level by 59,383 , then stabilizing above this level reach a 63,383 TARGET LEVEL : RESISTANCE LEVEL : 59,383 , 63,383 SUPPORT LEVEL : 54,488 , 52,454
BITSTAMP:BTCUSDShort
by ArinaKarayi
1
Bitcoin establishes new support level around previous ATH closeMany people have been losing sleep over the Bitcoin price action so I wanted to provide some technical analysis to show where we're possibly headed. I have a theory with data to back it up. If history repeats itself I believe Bitcoin has established a new baseline support level around $55k. If you take a look at the Bitcoin chart on an 8-week time interval going all the way back to 2015, you can see every new all time high has a similar period of around 3 years of retracing back to the same level, before breaking through it again. Then after breaking the previous all time high, a new support level is established and price doesn't drop below the newly established support level. On this 8-week chart the previous all time high candle didn't close above $55k in August 2021. So, we have had almost 3 years of retracing back to this level and finally broke through it in Feb 2024. If my theory is true and history repeats itself, I don't believe we will see Bitcoin fall below $55k as this has become the new baseline support level. *Of course, I could be wrong. Just a theory, not financial advice.
COINBASE:BTCUSDLong
by joyfuldad
1
#BTC/USDT Broke the support, Next move explained!Welcome to this Idea on Bitcoin. As speculated in my previous update, the price was unable to break the 100 EMA, resulting in a rejection and subsequent decline. Now, $56,452 appears to be the next significant level to monitor. The 200 SMA on the daily chart is also crucial, with the price currently trading around this level. Let's observe if this support holds. It's important that funds currently in meme coins shift to stronger assets, as they are siphoning liquidity from the market. Patience is key here. I've posted over 30 altcoin charts in the last 8 days, and prices are gradually moving towards accumulation levels. If this cycle mirrors previous ones, the current market depression will soon end. We just need to stay vigilant and look for opportunities. **BONUS:** Use the 245 EMA to plot market bottoms on lower time frames (LTF) in the daily chart. It's very useful—try some backtesting. If you like my content, please hit the like button and share your views in the comments section. Thank you. #PEACE
by Cryptorphic
3
BITCOIN ( UNDER BULLISH PRESSURE ) ( 4H )BITCOIN HELLO TRADER S Tendency the price it will trying to reach a resistance trendline , indicates the price is under bullish pressure TREDN ANALYSIS : yesterday the price closer resistance trendline after dropping to closer support trendline , today the price it will trying again to reach resistance trendline TURNING LEVEL : a black line around 58,985 , indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level RESISTANCE LEVEL : there is a blue line around 62,475 , indicates selling have already increase this level , so if the price stable above turning level reach this level SUPPORT LEVEL : there is a red line below turning level around 57,363, indicates buying have already increase this level , so if the price breaking turning level reach this level PRICE MOVEMENT : as long as the price trade above turning level at 58,985 , reach a resistance level at 62,475 , then stable this level reach a 64,136 , if the price breaking turning level reach a support level at 57,363 , then stable below this level touch a 55,767 TARGET LEVEL : RESISTANCE LEVEL : 62,475 , 64,136 SUPPORT LEVEL : 57,363 , 55,767
BITSTAMP:BTCUSDLong
by ArinaKarayi
#BTC/USDT Critical point. Emergency Update!#BTC needs to break and close above the 100EMA on the daily chart. Keeping it straightforward: until this occurs, the price may target the liquidity below $60k. This is not an opinion, just what the charts indicate! The rejection in altcoins is concerning. While I'm not bearish, BTC is currently at a critical juncture. This is the right time for the bulls to step in! This indicator has been highly effective in identifying local bottoms and tops. Sooner or later, the market will rally for the final wave. Until that happens, be cautious with leverage and view these times as opportunistic for altcoins. dyor, nfa #Crypto Do hit the like button and share your views in the comments section. Thank you #PEACE
by Cryptorphic
BITCOIN Outlook for Q3 2024Hello everyone, Today is the beginning of the new fiscal quarter, so as usual that means Q3 outlook is here. I already know that with this one, I will most likely not make any new friends, but things have to be said even if the majority may be against "the Idea". So first, I would point out that my Base Case from Q2 is still relevant in my opinion : " My Base Expectation for now is that this MAY(June/Q2), MAY be the worst time to become a Buyer/Bull for a prolonged period of time as we potentially already reached our TOP. That is because, as I mentioned in Q1 outlook: "6. - !!! New REAL Bullmarket didn't Start until Interest Rates reached their bottom rate !!! Note, this time can be different due to inflation & elevated price levels, which cause more money in rotation, but IT SHOULD NOT change base line of reverse expectations when the correct time comes - 1.FED start cutting, 2.FED stop (is DONE) with cutting, 3.bottom Rate is found" " ______________________________________________________________________________ Secondly- Yes, my outlook is Based on Macroeconomy, since I am of the opinion that the Economy and decisions of Central Banks are closely correlated to the charts and prices on them. With that said, I am going to present a few charts which may bring some clarity to what I am expecting to happen in the next 3 months and Why I am NOT over-optimistic . Before I start posting these screens, I would like to say, that I believe we are in incredibly tough times to call shorts where price will go since we are in kind of unprecedented times - both chart-wise and macroeconomy-wise kinda too. So Why I am still more Bearish? These are just a few examples of Why I am still more bearish.. I am sure that I could add some more, but at this point my "reasons Why" should be clear to everyone and if not, I would suggest you read the Q1 & Q2 outlook too. Also, I would like to mention that this week we will get a lot of economic data which may provide a clearer view of what is coming next month/quarter. Anyway, I decided to do this TODAY so I am working with what we have "RIGHT NOW". If my opinion changes in the future based on these data I will let you know. As well, to not be viewed as "perma BEAR", I want to say, that I see possibility that BITCOIN keep going Higher in Q3 and reach new ATHs ( all economic data comes "bullish" and FED still not decided to cut rates), BUT it is not my Base Case for now. My Base Case as I said - staying the same as was in Q2, at least for now! Until next time good luck to everyone. Joe ________________________________________________________________________________ Hopefully, some of you found this post interesting and helpful in further market navigation. If YES, please consider liking or sharing this post, it would mean a lot to me. Thanks!
INDEX:BTCUSD
by cryptocapitaltrading
Is Bitcoin set for rebound?Over the past week, Bitcoin’s (BTC) price dropped below the $60,000 mark on two separate occasions, which was accompanied by a slight increase in the reserves held by exchanges.  Interestingly, alongside the increase in BTC on exchanges, there was a significant uptick in the creation of new addresses. On the 24th of June, BTC experienced a notable drop of 4.60%, with the day’s trading closing at approximately $60,263.  Despite this close, the price had dipped as low as $58,411 during the day. Similarly, on the 28th of June, BTC’s price again tested lower levels.  It declined to $59,868, and closed at around $60,313, marking a decline of over 2%. As of this writing, BTC was trading at around $63,215, showing a modest increase of less than 1%. The Relative Strength Index (RSI), a key indicator of price momentum, was around 43.  This suggested that BTC was in a strong bear trend.  The move might thus precede a potential price rebound. This week’s price movements have had an impact on broader market dynamics as well, including the creation of new Bitcoin addresses and changes in exchange reserves.  Typically, significant price declines can trigger increased activity on exchanges as traders move BTC to sell or buy at perceived key levels.  Also, new addresses may be created as new or existing participants enter the market to capitalize on the volatility.  Such a significant rise often reflects broader market movements or sentiment shifts, which could have various implications for BTC’s network activity and price dynamics.
WHITEBIT:BTCUSD
by paul_endeo
Bitcoin Dominance at key levelBitcoing dominance at a critical level now. If BTC.D break upper line with weekly candle, BTC will pump more and BTC will make a new ATH in 2024. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CRYPTOCAP:BTC.D
by rukshan2102
1
Bitcoin Halving: A Historical Look at Price and ScarcityThe Bitcoin halving cycle, a programmed event that roughly cuts the block reward for miners in half every four years, has become a focal point for investors and enthusiasts alike. Historically, these halvings have been followed by significant price increases for Bitcoin, leading many to believe they are a reliable indicator of future bull runs. However, the relationship between halvings and price is more nuanced than a simple cause-and-effect scenario. The core principle behind the price impact lies in scarcity. By reducing the rate at which new Bitcoins are created, halvings limit the overall supply. In a market driven by supply and demand, a decrease in supply can theoretically lead to an increase in price, as long as demand remains steady or increases. This anticipation of scarcity often fuels a price rise in the months leading up to the halving event. Investors see the limited supply as a bullish signal, prompting them to buy Bitcoin in hopes of future appreciation. However, the price doesn't always experience an immediate surge after the halving. The newly minted Bitcoins are a significant reward for miners, who contribute computing power to validate transactions on the Bitcoin network. The halving essentially cuts their income in half, which can lead to a temporary decline in mining activity, impacting the network's hashrate (total computing power). This initial drop in hashrate can cause a period of price consolidation, where the price trades sideways as the market adjusts to the new supply dynamics. The recovery from this consolidation phase is often described as "weak miners dying and hashrate recovering." Less efficient miners, who can no longer operate profitably with the reduced rewards, are forced to shut down their operations. This reduces the overall hashrate and makes the network more efficient as only the most powerful miners remain. As the hashrate recovers, typically within a few weeks or months, the price can experience a significant breakout, fueled by both the scarcity effect and renewed investor confidence. Looking at historical data, this pattern seems to hold true. Following the 2012 halving, the price of Bitcoin rose from around $11 to a peak of $1,100 in November 2013. Similarly, the 2016 halving was followed by a rise from $650 to nearly $20,000 by December 2017. The 2020 halving coincided with a bull run that saw Bitcoin reach an all-time high of over $69,000 in 2021. However, it's important to remember that these are just a few data points, and the cryptocurrency market is notoriously volatile. External factors such as economic conditions, regulatory changes, and broader market sentiment can also significantly impact Bitcoin's price. The most recent halving, which occurred in April 2024, presents an interesting case study. While the price did experience some pre-halving anticipation, it hasn't yet reached a new all-time high. Additionally, the hashrate recovery has been slower than in previous cycles, taking over 60 days compared to the 24 days observed in 2017. This could be due to a number of factors, including the ongoing global economic uncertainty and the increasing energy costs associated with Bitcoin mining. Only time will tell how the 2024 halving will ultimately impact the price of Bitcoin. However, by understanding the historical trends and the underlying economic principles at play, investors can make more informed decisions about their Bitcoin holdings. The halving cycle serves as a reminder that scarcity can be a powerful driver of price, but it's just one piece of the complex puzzle that shapes Bitcoin's value.
BITSTAMP:BTCUSDShort
by bryandowningqln