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Bitcoinprediction

Bitcoin's Next Two Years: Accumulation to Parabolic PeakBitcoin Technical Analysis: Upcoming Two-Year Cycle Market Structure Overview Current market structure analysis indicates that Bitcoin is in the final stages of its accumulation phase before a mini bull run. Key market structure zones and projected price targets for the next two years are outlined below: Accumulation Phase Current Support Zone: $57,405 - $61,302 Bitcoin is consolidating within this range, indicating strong accumulation by long-term holders and institutional investors. Mini Bull Run Projected Highest High: $91,236 As Bitcoin breaks out of the accumulation phase, we anticipate a mini bull run with the highest high reaching approximately $91,236 . This phase is expected to be driven by increasing demand and positive market sentiment. Correction Cycle Main Support Zone: $47,620 Following the mini bull run, a slow correction cycle is projected to commence, bringing Bitcoin down to a main bottom support around $47,620 . This correction is seen as a healthy pullback, setting the stage for the next bullish phase. Parabolic Bullish Cycle First Target: $139,130 From the $47,620 support zone, Bitcoin is expected to begin a parabolic bullish cycle. The first significant target in this cycle is around $139,130 , marking a substantial price appreciation. Parabolic Cycle Correction and New Targets Maximum Target: $236,000 Following the initial parabolic run, Bitcoin is projected to undergo a correction before ascending to new heights. The absolute maximum target for this 3.5-year cycle is estimated to be around $236,000. Macroeconomic Factors Influencing Bitcoin Japanese Index Decline: The recent rapid decline in the Japanese index has introduced uncertainty in the Asian markets. Investors are increasingly looking for safe-haven assets, which could boost demand for Bitcoin. US Market Sentiment: With the US markets closing in the red on Friday and gold prices reaching an all-time high, there is a growing shift towards alternative investments like Bitcoin. Japanese Yen Weakness: The continued decline of the Japanese yen is anticipated to accelerate Bitcoin’s mini bull cycle correction. This macroeconomic trend is likely to contribute to the expected decline to the $47,000 support zone before the parabolic bullish phase. Conclusion Bitcoin's market structure suggests a promising outlook for the next two years, characterized by significant price movements and opportunities for strategic investments. The interplay between macroeconomic factors and Bitcoin’s inherent market cycles underscores the importance of staying informed and agile in response to evolving market conditions.
Long
by wikitrades
4
Bitcoin and altcoin overview (August 02-03)Regarding Bitcoin , we broke through the lower extremities and found support at the price of $63,000. Currently, we can notice buyer activity as we fully corrected to the beginning of the previous wave. We do not observe strong sales, and there is also absorption in the cumulative delta. The priority is long, either from current prices or from a retest of $63,000. The potential for movement is quite high, with the first target being $67,000-$68,000. Buying zones: $61,700-$60,800 (pushing volume), $58,700-$55,200 (zone of accumulated volumes), $55,000-$53,900 (zone of volumetric anomalies). Selling zones: $67,000-$68,300 (mirror volume zone), level $70,100, $70,500-$71,400 (accumulated volume). Interesting altcoins For the AAVE coin, we are considering one of the scenarios in the screenshot. At the moment, we have reached the selling zone and formed strong anomalies on the cluster chart and cluster search indicator; consolidation below will open the way to $105.
by Crypto_robotics
#BTC/USDT TA + Altcoin Strategy, Don't Repeat this mistake!!Welcome to this quick update, everyone. **BTC Update:** Yesterday, BTC made a low of 62,300 on Binance but quickly bounced back, closing around 65,354.02 with a beautiful Hammer candle on the Daily chart. While the 4-hour chart still looks bearish, the Daily chart is holding strong around the $63k support level, with the 100 SMA acting as a key support line. This price action is promising. **My Strategy:** I'm staying on the sidelines for now, waiting for another Daily candle to confirm if this price action sustains. The Weekly close will provide more clarity. Currently, the market is choppy, which isn't ideal for trading futures. My strategy remains the same; I'm expecting the market to show some fireworks in the next 3-4 weeks. There may be one last dip before a rally, so I'm keeping some USDT in reserve. By the end of this month, I plan to buy 5 strong altcoins that I believe will perform well in the next 6 months. Follow me for the list! **Trading Advice:** Don't lose money on futures; this is the best time to build a strong portfolio on spot. If your portfolio is small and you plan to trade futures, make sure you're taking profits on every move. Even the best traders get beaten by the market; the only thing that matters is your position size. If you lose your monthly P&L in a single trade, it simply means you're being greedy and not learning from your mistakes. Don't do this! I hope this helps! If it did, please hit the like button to support my content and share your views, comments, questions, or chart requests in the comment section. Thank you, and #PEACE!
by Cryptorphic
6
Bitcoin's bullish descending channel patternBitcoin has been trading on a descending channel pattern and might be close to a breakout. At this stage, BTC hits the resistance multiple times with increasing strength of price action (higher lows into resistance over the last month). Currently, the support/resistance levels are: $63k - GETTEX:64K $67 - $68k $71 - FWB:73K (corresponding to the all time high) August might have some market catalysts, from unemployment rate, core inflation numbers, retail sales and FOMC minutes. Depending on these numbers and the prospects for market liquidity, Bitcoin might break the $67 - $68k resistance level. Next resistance level: $71 - $73k.
BITSTAMP:BTCUSDLong
by HenriqueCentieiro
BTC potentional shoulder head shoulderWe need to watch BTC closely. Even tho it seems like BTC will close with a beautifull Bullish hammer we still need to be carefull. We can see growth for a shoulder head shoulder pattern for BTC. Due to war around the world it seems not dumb that we will get this. Also The simpsons predicted a lot, even about BTC going to make new highs this year. So we have 2 situations, either way we getting a shoulder head shoulder, this will be a problem. Or the simpsons are rights and we will see new highs. Yes I do live as an Aliën dont mind me. This is no financial advice, always dyor. What are your thoughts?
by zLxNiii
BTC going to $70K soon? The price of Bitcoin dropped 3 percent to $64,258 over the past 24 hours, Trading View’s Bitcoin chart shows. The cryptocurrency trend was negative over the past 24 hours after the Federal Reserve hinted at a potential a rate cut in September. The US central bank kept its benchmark rate unchanged at a 23-year high. This means that less risky assets such as bonds generate relatively high returns. “Commentary has been leaning positive toward Bitcoin this week. In fact, this is the highest level of bullish commentary from the crypto crowd since the week of May 15th. The level of optimism from the crowd indicates that many believe $70K BTC is imminent,” the crypto research firm Santiment said. “As crypto investors, we spend a lot of time focused on downside risk. We’re all acutely aware that, at any moment, an event might occur that will drive prices sharply lower. It’s fairly common for people to say that bitcoin ‘could go to zero.’ I think we have to accept that there is now an equal risk to the upside,” Bitwise’s CIO, Matt Hougan, writes in his weekly note following the world’s largest Bitcoin conference held in Nashville last weekend. “If the 2024 Bitcoin Conference conveyed anything, it was this: It’s time to rethink what’s possible for Bitcoin,” he concludes. A strong sun will shine over Bitcoin in the next 24 hours, indicating a bullish trend with buy signals. 🌞  Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
Bitcoin and altcoin overview (August 01-02)As expected with Bitcoin , we updated the local low and reached the buyer's zone of $64,900-$63,900. At the moment, all significant large volumes are located above the current price, so we prioritize further decline. Movement to the sales zone above is possible only after a full consolidation of the price above $65,000, where an anomalous volume cluster positioned for sale is located. Buying zones: $61,700-$60,800 (pushing volume), $58,700-$55,200 (accumulated volume zone), $55,000-$53,900 (volume anomalies zone). Selling zones: $67,000-$68,300 (mirror volume zone), level $70,100, $70,500-$71,400 (accumulated volume). Interesting altcoins At the moment, the market does not provide good movements, so most situations should be considered intraday with minimal risks. For the JTO coin, we consider the $2.8-$2.66 zone for purchase if there is a reaction from it. Potentially, we can update the local high of $3.36
by Crypto_robotics
Bitcoin’s Critical Retest: Poised for a Major Breakout:Do you remember this trading setup? Bitcoin has bounced off a very strong resistance level for the fifth time and is now retesting it. This pattern, marked by the points labeled 1, 2, 3, and 4, shows Bitcoin's repeated attempts to break through, each time facing rejection but setting higher lows. Currently, Bitcoin is consolidating just below the resistance, suggesting weakening selling pressure. Key Insights: Technical Indicators: RSI is approaching overbought territory, and Bitcoin is trading above key moving averages, indicating bullish momentum. Volume Analysis: Watch for a surge in trading volume during the retest phase to confirm strong buying interest and a potential breakout. Fundamental Factors: Growing institutional adoption and macroeconomic factors like inflation concerns are driving more investors towards Bitcoin. Strategy: Prepare for a potential breakout by setting prudent position sizes, defining stop-loss and take-profit levels, and looking for confirmation of the breakout with strong volume. Stay informed and adjust your strategy as needed. Bitcoin is poised to potentially break its first major record on the way to $100,000.
Long
by JoeSignals
#BTC/USDT Update, Breakdown or a Deviation?#Bitcoin is breaking down on the 4-hour chart, with daily support around $64,300. A break below daily support could potentially take BTC down to $60k. I believe this choppiness will persist for a while. It might be wiser to stay on the sidelines for now. Use strict stop losses in leveraged trades and hold onto your spot positions with diamond hands. Even if BTC dips yo the lower levels we will get some good deals in Altcoins. Let me know what you think in the comment section. Please hit the like button. Thank you #PEACE
by Cryptorphic
5
Bitcoin and altcoins overview(Jule 30-31)Yesterday, we transitioned to the expected decline in Bitcoin , but what was unexpected was the number of market sales and the speed at which we would fall. As a result, Bitcoin reached the strong buying zone of $68,000-$66,800 (volume anomalies), within which we almost didn't get any reaction, only after making a false breakout of the extremum did we see the first buyer activity. Now we should expect a retest of the local low, the scenario for a potential bounce is indicated on the chart. In the absence of renewed buying, we may enter a more prolonged correction. Buying zones: $64,900-$63,900 (buyer activity), $61,700-$60,800 (pushing volume), $58,700-$55,200 (accumulated volume zone), $55,000-$53,900 (volume anomalies zone). Selling zone: level $70,100, $70,500-$71,400 (accumulated volume). Interesting altcoins For the ARPA coin, we are considering the zone $0,0472-$0,0483 for sale if there is a reaction.
by Crypto_robotics
Bitcoin adjusted to market cycleI think something like this make sense? We are at a 1st leg or wave of impulse, that is led by early adapters. 2nd leg up would be BTC outperforming SPX. 3rd wave would be a market chop w/ still some opportunities. 1st wave -> buy when it's cheap (bellow 70k crowd). Then comes rally to 120-150k. Before it becomes too expensive. 2nd and 3rd wave are led by ppl missing on a bandwagon, good returns. No crystal ball, see what happens:) > Driver is the rate cuts and money at money market funds. You can also see how divergence in BTC/SPX graph was the market top for btc.
BITMEX:XBTLong
by citsvar
JTOUSDT TRADE SETUPHello Folks, Welcome to the quick update of a new coin name JTOUSDT. Today we saw JTO dump around 10% from the immediate resistance of 3.275. Within few hours, buyers kicked in and pushed the price back to the same resistance. As of now, it is trading around 3.28. We can see JTOUSDT pump until 4.76 in a span of 5 to 10 days. Entry-Exit levels: Entry: 3.05 to 3.16 Target: 3.81 to 4.76 STOPLOSS: Below $3 Until then, stay tuned and trade with caution, ensuring strict STOPLOSSES!! This is not financial advice, please do your research before investing, as we are not responsible for any of your losses or profits. Please like, share, and comment on this idea if you liked it.
Long
by ScramblerG
Record Bitcoin Open Interest Suggest BreakoutBitcoin's open interest, a metric that measures the total number of outstanding derivative contracts, has recently hit a new all-time high. This significant surge has ignited speculation among market analysts and investors about a potential price breakout for the world's largest cryptocurrency. Open Interest: A Market Sentiment Indicator Open interest is often used as a proxy for market interest and liquidity in an asset. A rising open interest typically indicates growing investor participation and a potential increase in price volatility. Conversely, a declining open interest can signal waning interest and a potential price correction. In Bitcoin's case, the current record-breaking open interest suggests a heightened level of investor engagement. This heightened interest could be driven by a variety of factors, including anticipation of regulatory clarity, institutional adoption, and the halving event scheduled for 2024. Potential for a Price Breakout While a high open interest does not guarantee a price breakout, it certainly increases the likelihood of significant price movements. If the market sentiment remains bullish, the accumulated buying pressure could propel Bitcoin's price to new highs. However, it's essential to remember that open interest is just one factor to consider when analyzing market trends. Other indicators, such as technical analysis patterns, on-chain metrics, and macroeconomic conditions, should also be taken into account. Cautious Optimism While the recent surge in Bitcoin's open interest is undoubtedly bullish, investors should approach the market with caution. The cryptocurrency market is known for its volatility, and price fluctuations can be rapid and unpredictable. Additionally, it's crucial to diversify your investment portfolio and avoid putting all your eggs in one basket. Cryptocurrencies are still a relatively new asset class, and the regulatory landscape is constantly evolving. As the cryptocurrency market continues to mature, we will likely see more sophisticated investment strategies and risk management tools emerge. Until then, investors should stay informed and conduct thorough research before making any investment decisions. Ultimately, the future price of Bitcoin will depend on a combination of factors, including investor sentiment, market liquidity, regulatory developments, and technological advancements. While the current open interest data is certainly encouraging, it's essential to maintain a long-term perspective and avoid getting caught up in short-term price fluctuations. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Conducting thorough research or consulting with a financial advisor is strongly recommended before making investment decisions.
BITSTAMP:BTCUSDLong
by bryandowningqln
#BTC/USDT Update, $70k on radarAfter 139 days of consolidation, we're witnessing the fifth attempt to break the resistance. Patience is crucial; we need to wait for a confirmed breakout. In the meantime, we'll keep buying the dips for altcoins. **My Thoughts:** BTC is likely to break the $70k zone. The "sell the news" reaction following Trump's speech was quickly bought up. Bulls and institutions are loading up while retail investors remain cautious, waiting for another dip. This creates an ideal scenario for BTC to break to the upside. Let me know what you think in the comment section and please hit the like button. Thank you #PEACE
Long
by Cryptorphic
1