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Market Reactions in Last 3 U.S. Elections and BTC Target $95k!Let's look at how the market reacted in the last 3 elections! - 2012: Obama re-elected ➡️ Initial stock sell-off over fiscal cliff fears, then strong rally post-deal. Crypto is mostly unaffected. - 2016: Trump wins ➡️ Stock rally on tax cut & deregulation optimism. Bitcoin starts climbing, hinting as a "digital gold." - 2020: Biden wins amidst pandemic ➡️ Stocks surge on stimulus hopes. Crypto enters a major bull run, with BTC skyrocketing as an inflation hedge. 🗝️ Elections = market volatility & opportunity! Regardless of who wins, CRYPTOCAP:BTC will likely reach a new ATH by the end of 2024. Altcoins will likely follow later. IMHO, alts are already heavily discounted. Even if BTC dominance rises and alts take another dip, it’s wiser to DCA into the weaker ones instead of selling near their high-timeframe lows. Think twice before hitting that sell button. The next 6-8 months could be legendary. It won’t be easy, but the rewards will be worth it. #BITCOIN UPDATE:- BTC looks solid for now. There’s still a possibility for BTC to hit the $60K level if Kamala wins; it’s not certain, but it’s a topic circulating in the crypto space. This could act as a short-term downside catalyst, with bulls likely stepping in quickly, leaving a long wick below the resistance turned support. A retest is underway on the daily, weekly, and monthly charts! I’m anticipating BTC to reach between GETTEX:82K and $95K by the end of the year. DYOR, NFA. Do hit the like button and share your views in the comment section! Thank you #PEACE
OANDA:BTCUSDLong
by Cryptorphic
10
Ethereum's Fading Dominance: A 2023 Trend That Could ContinueEthereum's relative strength against Bitcoin has been waning throughout 2023, and technical analysis suggests this trend may persist. A Breakdown in the Making Ethereum (ETH) has been showing signs of weakness relative to Bitcoin (BTC) throughout 2023. This trend and a recent technical breakdown suggest that ETH/BTC could continue its downward trajectory. Key Technical Indicators 1. Relative Strength Index (RSI): The RSI for ETH/BTC has been declining, indicating a loss of momentum in Ethereum's price action relative to Bitcoin. 2. Moving Averages: The 50-day and 200-day moving averages for ETH/BTC have crossed over, forming a bearish "death cross" pattern. This pattern often signals a potential downtrend. 3. Support Levels: ETH/BTC has struggled to hold onto key support levels, suggesting that selling pressure is increasing. Why is Ethereum Losing Ground to Bitcoin? Several factors may be contributing to Ethereum's relative weakness: 1. Network Congestion and High Fees: Ethereum's network has been plagued by congestion and high transaction fees, particularly during periods of peak demand. This has led to a decline in user experience and network adoption. 2. The Rise of Layer-2 Solutions: While Layer-2 solutions like Arbitrum and Optimism have helped alleviate some of the congestion issues, they have also fragmented the Ethereum ecosystem. 3. Competition from Other Smart Contract Platforms: Other smart contract platforms, such as Solana and Cardano, have been gaining traction and challenging Ethereum's dominance. 4. Bitcoin's Growing Institutional Adoption: Bitcoin has been increasingly adopted by institutional investors, who view it as a store of value and a hedge against inflation. This increased demand for Bitcoin could be driving capital away from Ethereum. The Potential Impact of the Merge The Merge, a significant upgrade to the Ethereum network, was expected to improve network efficiency and reduce energy consumption. However, the impact of the Merge on Ethereum's price performance has been mixed. While the Merge may have long-term benefits for the Ethereum ecosystem, it has not been enough to reverse the short-term trend of ETH's underperformance relative to Bitcoin. Conclusion Ethereum's relative weakness against Bitcoin is a concerning trend for ETH holders. The technical indicators suggest that ETH/BTC could continue to decline in the coming months. While the Merge was a significant milestone for Ethereum, it may not be enough to offset the challenges facing the network. Investors should closely monitor the price action of ETH/BTC and be prepared for further downside. Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Please conduct your own research or consult with a financial advisor before making any investment decisions.
Short
by bryandowningqln
Is Bitcoin's Bullish Momentum Sustainable? A Detailed AnalysisBitcoin, the world's largest cryptocurrency, has been on a tear recently, with prices surging to levels not seen in years. This article delves into the key factors driving this bullish momentum and explores the potential implications for the cryptocurrency market's future. The Bull Flag Formation: A Technical Analysis Perspective A key technical indicator that has caught the attention of analysts is the formation of a bull flag pattern on Bitcoin's price chart. This pattern is characterized by a sharp upward move, followed by a period of consolidation within a descending trendline. Once the price breaks out of this flag, it often leads to a significant upward move. First Mover Americas highlighted Bitcoin's flirtation with the $90,000 level, emphasizing the volatility of the market. Such price swings are common in cryptocurrencies, particularly during periods of high momentum. The Role of Retail Investors While institutional investors have been a major force in the crypto market, retail investors, often referred to as "shrimps," have also played a crucial role in driving Bitcoin's recent rally. These shrimps have been actively accumulating Bitcoin, even as whales have been offloading their holdings. This suggests that retail investors are increasingly confident in Bitcoin's long-term potential. Overheating or Sustainable Growth? A common concern among investors is whether Bitcoin's rapid price appreciation is sustainable or if it is a bubble that is about to burst. Key metrics like the Hash Ribbons Indicator can provide valuable insights into the health of the Bitcoin network. The indicator, which tracks Bitcoin's hash rate's long-term and short-term moving averages, has recently crossed over, signaling strong miner confidence. This bullish crossover has historically been followed by significant price increases. Furthermore, Bitcoin's Weekly RSI (Relative Strength Index) has entered the overbought zone, indicating that the asset may be overvalued in the short term. However, the last time the RSI reached this level, Bitcoin surged by over 80%. It's important to note that technical indicators should be used in conjunction with fundamental analysis to make informed investment decisions. The Impact of Increased Trading Volume The surge in Bitcoin's price has been accompanied by a significant increase in trading volume. This increased activity, driven primarily by retail demand, has further fueled the rally. As more and more investors flock to the cryptocurrency market, the demand for Bitcoin is likely to continue to grow. Conclusion Bitcoin's recent bull run has been fueled by a combination of technical factors, strong investor sentiment, and increased retail demand. While the cryptocurrency market is inherently volatile, the underlying fundamentals of Bitcoin remain strong. As the network matures and adoption grows, Bitcoin's long-term prospects appear promising. However, it's essential to approach cryptocurrency investments with caution. Investors should conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
BITSTAMP:BTCUSD
by bryandowningqln
#BTC/USDT hiTS $93K What's next? Urgent Update! Bitcoin is straightforward: Watch for liquidity around $88,083 and $89,696 on the hourly chart. These are critical levels for the bulls to defend. With no significant resistance, a move to the $100K mark seems likely. However, since everyone is eyeing $100K, we might not reach it as quickly as expected. BTC has enjoyed a massive rally over the past few weeks and may need a halt, but you never know! Invalidation: a close below $85,314. Let me know your thoughts in the comments! #PEACE
Long
by Cryptorphic
1
Bitcoin Trade Using Trend Following IndicatorsNote Bitcoin simply bounces off the Blue support-resistance line and continues higher. Find out more about the indicators used on this chart by following the link in the signature line! --- How to understand price action. It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand. You can also think of these indicators as moving pivot points . MasterChartsTrading Price Action Indicators show good price levels to enter or exit a trade. The Blue indicator line serves as a Bullish Trend setter. If your instrument closes above the Blue line, we think about going Long (buying). For commodities and Forex, when your trading instrument closes below the Red line, we think about Shorting (selling). For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts ). A stock has to close below the Yellow line first, then rally towards the Red line and top out there. This is where I would short it.
COINBASE:BTCUSDLong
by mastercharts
BTC is heading forward to unbelievable high records Hello traders and good morning, As I said before, if you were following my analysis about the BTC and crypto in general, I have given an analysis about the.Bullish strong bullish momentum and said that price is going to reach the $100K very soon if the market of the Bitcoin keeps this strong bullish momentum.The the price ended in a high volatility.And reached an all time high. What we'll see in this month, which is the month before the last month of the year.If that bullish strong bullish momentum is kept well, the price will hit.And the nine $90,000 level and then in the last month, which is December.We will have a historical high level of Bitcoin if the buyers are still keeping that strong bullish momentum and eventually the price will hit.The $100K.Level, which will bea historical.All time high record, so please keep watching the market and.Make sure to.Get benefit of this bullish move and good luck everyone. Well, talk to you later and good luck.
Long
by YMtradingsystem
Post Election Bitcoin and Crypto Market UpdateThis is a shorter version of my video yesterday, just recapping what I've been seeing and forecasting in these markets. Didn't expect to see the rally to new ATH so quickly. Or the DXY to push up higher at the same time... But here we are breaking and apparently holding new ATH, so I do think we continue to push higher. Even if we get one more sell off, to re-test the ATH as support. Yesterday's pump was part short-squeeze, and part SEED_TVCODER77_ETHBTCDATA:1B in BTC ETF inflows. In this video we look at BTC and SOL, which I believe will lead the next leg of the Bull. Also an interesting speculative study on the Pi Cycle Top, and the idea we could see a double top or dual-cycle in the next 12 months, like we did in 2013. As well as recapping why my targets are $100k (conservative), $150k (base case), and $200k (aggressive) along with confluent targets based on measured moves from the Bull Flag breakout. Let me know what you think, and if I missed anything! Brett
INDEX:BTCUSDLong
by BrettFogle
BTC Reaches New All-Time High as U.S. Election Excitement SpikesBitcoin ( CRYPTOCAP:BTC ) has surged to record-breaking highs, exceeding the $73,800 mark on November 6, driven by growing excitement surrounding the U.S. presidential election. The cryptocurrency experienced a robust 8.63% gain over the past 24 hours, briefly touching $75,011.06, as per CoinMarketCap data. This rally marks a pivotal moment for Bitcoin ( CRYPTOCAP:BTC ), reflecting both fundamental shifts and robust technical momentum. Election-Driven Momentum and Investor Sentiment The U.S. election has played a significant role in this surge, with Bitcoin’s price mirroring heightened market anticipation. During early New York trading hours, CRYPTOCAP:BTC climbed more than 3%, hitting $70,577. We attribute this performance to political forecasts, many of which favor Republican candidate Donald Trump. On decentralized prediction platforms like Polymarket, Trump's odds of victory surged past 60%, driving speculative interest in risk assets like Bitcoin. Investor sentiment also appears split amid this rally. Prediction markets have become a focal point for traders eyeing short-term price shifts, and a boost in Trump’s winning odds correlated directly with Bitcoin's breach of the $70,000 threshold. However, uncertainty persists: major Bitcoin spot ETFs, including Fidelity and Ark Invest, have seen outflows totaling $541.1 million, while BlackRock's IBIT ETF stood out with $38.3 million in inflows. Technical Analysis From a technical perspective, Bitcoin ( CRYPTOCAP:BTC ) exhibits strong upward momentum. The Relative Strength Index (RSI) sits at 67.76, indicating that CRYPTOCAP:BTC is nearing overbought territory but still has room for further gains before reaching extreme levels. Moreover, a bullish crossover has occurred: the 9-day moving average has risen above the 21-day moving average, signaling sustained bullish sentiment. Support levels also highlight the strength of Bitcoin's price action. BTC’s current support at $69,000 has been tested multiple times, acting as a reliable floor for price movements. If Bitcoin were to pull back, analysts identify $64,000 as the next critical support level. On the upside, resistance at $75,000 is significant, but breaking past this barrier could propel CRYPTOCAP:BTC to a target range between $80,000 and $85,000, setting new benchmarks for price stability. Fundamental Factors: Halving and ETF Developments Bitcoin’s impressive rally builds on fundamental developments, including the April 2024 halving, when mining rewards were reduced from 6.25 BTC to 3.125 BTC. Historically, halvings have constrained Bitcoin's supply, often triggering significant price appreciation. This year’s halving has once again underscored Bitcoin's deflationary nature, contributing to its ongoing seven-month upward trend. Additionally, the emergence of U.S. Bitcoin spot ETFs has catalyzed further interest in the cryptocurrency market. Since their debut in January, these ETFs have amassed over $450 billion in daily trading volume, with inflows reaching $22.5 billion in 2024. Nevertheless, ETF performance has shown mixed signals. Notably, on November 5, U.S. spot Bitcoin ETFs experienced net outflows of $72.67 million, marking a three-day streak. Fidelity’s FTBC ETF recorded a substantial single-day outflow of $68.24 million, suggesting some investors remain cautious. Options Market Insights and Leverage Risks The options market reveals bullish sentiment for key November dates, with many traders targeting price levels between $72,000 and $75,000. However, caution is also evident, as one trader placed $64,000 worth of put options, hedging against potential downside risk. The stakes are high, as CoinGlass data indicates a price drop below $68,000 could liquidate roughly $484 million in long positions. Conversely, a breakout above current levels may trigger forced liquidations of $215 million in short positions, underscoring the volatility driven by leveraged trading. Leverage plays a crucial role in Bitcoin's market dynamics. Should BTC’s price move sharply, liquidation cascades could amplify price swings, heightening market turbulence. This setup remains a double-edged sword, promising either rapid gains or significant losses for traders. Conclusion Bitcoin's ascent past $75,000 showcases its resilience as a digital asset, bolstered by election-driven sentiment, favorable technical indicators, and a foundation of growing institutional adoption. While uncertainties surrounding the U.S. election outcome and ETF flows present risks, Bitcoin’s robust support levels and bullish momentum signal a promising outlook. As market participants watch for the next breakout, CRYPTOCAP:BTC remains a focal point in the ever-evolving digital economy.
COINBASE:BTCUSDLong
by DEXWireNews
2
BITCOIN's Meteoric Rise Targets New Highs – Massive Gains AwaitBITCOIN Analysis: Bitcoin (BTC) has continued its upward trajectory, hitting initial targets TP1 and TP2, with TP3 and TP4 in sight. This bullish momentum aligns with recent market developments, showing signs of further growth potential. Key Highlights: Price Action : BTC has breached significant resistance levels, marking strong bullish activity on the 1D timeframe. Targets Remaining: With TP1 ($68,220.2) and TP2 ($73,980.5) already achieved, Bitcoin's bullish push looks set to challenge TP3 ($79,740.9) and TP4 ($83,300.7). Supporting Factors: Market Cap Surge : Bitcoin’s market cap returned to the top 10 global assets, driven by a recent spike to $75K. Liquidation Event : A single trader was liquidated for $75M on Binance during Bitcoin's latest surge, highlighting heightened market interest and volatility. Technical Indicators: The Risological Dotted Trendline shows a strong upward inclination, adding to the bullish outlook. If BTC continues on this path, TP3 and TP4 could be within reach soon. This setup signals promising profit opportunities as Bitcoin continues to capture massive interest worldwide. Keep an eye on the remaining targets as BTC pushes towards new potential highs.
Long
by ProfitsNinja
BITCOIN HEADING HIGHER! BUCKLE UP!!!COINBASE:BTCUSD NASDAQ:IBIT 🚀BITCOIN HEADING HIGHER! BUCKLE UP!!! 🚀 Bitcoin is unstoppable, and the next U.S. President won’t change that! 🌟 +67% Potential! In our previous video, we did a deep dive into Bitcoin. Here's what we covered: 1️⃣ High Five Setup: MASSIVE Multi-Year Cup & Handle and Bull Flag Patterns. 2️⃣ Historical Review: CRYPTOCAP:BTC tops and bottoms – spoiler: we haven’t topped yet! 3️⃣ Trade Insights: Entry/exit points and price targets. We've successfully bounced off the BULL FLAG retest area and are heading higher. Breaking $74k could mean a breakout of the multi-year cup n handle pattern, targeting over $100k! 🚀 It's early on election night, but in the long run, it doesn't matter for Bitcoin. Don’t believe the FUD. NFA #Bitcoin #Crypto #TradingStrategy #HighFiveSetup
COINBASE:BTCUSDLong
by RonnieV29