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Bitcoinprediction

BTC on the way UP Based on the analysis of technical indicators on BTCUSDT chart, a potential price increase can be anticipated. Currently, the Money Flow Index (MFI) is at a low level, which may suggest an undervaluation and a possible trend reversal. At the same time, the Average Directional Index (ADX), which measures the strength of a trend, is showing growth, signaling a strengthening trend. The chart also displays a "bull flag" formation, generally considered as a continuation of the upward trend after a brief consolidation period. Additionally, the recent "cooling off" after the halving event (which cuts the reward for mining bitcoins in half) could be interpreted as an opportunity for accumulation before further growth. Considering these observations and a strong foundation for bullish sentiment, it is expected that the Bitcoin price could reach targets of $90,000 in the course of the year, and may rise to $135,000 to $160,000 per Bitcoin in a longer-term outlook.
Long
by Bitcoinblockchainonline
1
Is Bitcoin's Correction Over? As the Asset Rebounds to $65KAfter a deeper corrective decline, Bitcoin ( CRYPTOCAP:BTC ) bounces strongly, suggesting that the correction may be over at the ideal 38,2% Fibonacci retracement near 56k support. A bullish continuation within wave could send the price back to all-time highs towards 75k-80k area, but short-term pullbacks should be noted. Bitcoin ( CRYPTOCAP:BTC ) price has been slowly moving toward lower boundaries of range to test support, with holders with between 100 and 1000 CRYPTOCAP:BTC buying more. A falling wedge pattern suggests 20% upside potential for Bitcoin ( CRYPTOCAP:BTC ) price. However, there is a lack of participation from new traders and some holder segments continue to buy up. The market could see more grind time between established trading ranges. The BTC exchange-traded funds (ETFs) front continues to shape and accelerate price action. Wintermute, a leading global algorithmic trading firm in digital assets, has announced its strategic partnership with OSL and HashKey to provide liquidity for Hong Kong's newly-launched spot BTC and Ether ETFs. This collaboration aims to attract both institutional and retail investors by enhancing market liquidity. Bitcoin's ( CRYPTOCAP:BTC ) price is still in a falling wedge pattern the steeper the wedge, the higher the reversal which will allow buyers to step in, with the potential for a 30% rally upon successful breakout. However, momentum indicators suggest more downside before this happens, ideally before CRYPTOCAP:BTC fills the bullish reversal technical formation. The Relative Strength Index (RSI) has to accentuate this downward trend.
BINANCE:BTCUSDLong
by DEXWireNews
The future path of BitcoinAfter accurately predicting the upward movement of bitcoin from the previous year ( link ), I envision this corrective path for it, and after that I see the continuation of the upward movement and high targets for it. If the correction reaches the range of 49,000 to 50,000, we will reach oversold in weekly time and we are ready to start an upward movement. But the important support in the long term will be the range of 41,000, in this case it can be said that we have had a long-term correction and this support has the power to easily break the previous ceiling. We have a deeper support in the range of 28,000, which after reaching this support, the market will suffer a little, but from here we can imagine an upward movement. Long-term targets for Bitcoin range from 240,000 to 300,000, after which we have a time correction, then we have the final target of 1,700,000 to 2,130,000 or 2,340,000. Good luck Ali Rezaei
INDEX:BTCUSD
by Rezaei0013
2
BTC Selloff Warning: How to Buy BTC at $40k this 2024 before DecOver the next five months, from May to September, Bitcoin is poised to undergo what I term the "BTC after Halving effects." This phase is not only anticipated to test Bitcoin's resilience but also challenge the resolve of weak holders, as the current price is likely to experience a pullback. However, the extent of this pullback remains uncertain, especially with the introduction of ETFs into the picture. It's a scenario that hasn't been witnessed before, particularly post-halving, but the positive reaction observed in 2024 following ETF approval is encouraging. Nonetheless, given the nature of market makers and their potential to exploit post-halving effects, it's prudent to anticipate certain support levels. While the last support level is more of a worst-case scenario, it's wise to be prepared for a pullback to around $48,000. Here are the support levels to monitor, presenting buying opportunities: 1. $49,046 - $45,905 2. $40,359 - $38,722 3. $31,892 - $25,711 These support levels should be closely watched to capitalize on any potential buying opportunities. The anticipated major pump is expected to commence from October to November 2024. my post in April highlighted this warning before it all began
BINANCE:BTCUSD.PShort
by MachiavelliTrader
2
Bitcoin - Channel, Breakout and a $250.000 Target!Hello Traders and Investors, today I will take a look at Bitcoin . -------- Explanation of my video analysis: On the higher timeframes of the Bitcoin chart - symbol BTCUSD - you can immediately spot a simple rising channel formation. About a year ago, Bitcoin retested and rejected the lower support of the rising channel formation and is now retesting the previous all time highs at $65.000. If we see a breakout, the next resistance is all the way up at $250.000. -------- Keep your long term vision, Philip (BasicTrading)
BITSTAMP:BTCUSDLong
by basictradingtv
6
Market Update - 7/5/24Crypto markets have so far shown resilience after what has been an eventful week to-date. On the 1st of May we witnessed Bitcoin trade below both the March and April lows, where we then saw four consecutive days of buying resulting in a 14% rally back to $64,500 USD. 👉The next few days will be key in understanding if the bulls will continue to show up, we provide some bullish and bearish scenarios to start the week below. There is little on the economic calendar this week, however we did see a very interesting print at the end of last week for the US labour market. Fear and Greed Index currently stands at 71. US Unemployment Rate Ticks Higher Last week, the US unemployment rate slightly missed expectations, coming in at 3.9% instead of the anticipated 3.8%. It's important to understand why this matters. An increase in unemployment could hint at a broader economic slowdown. Jerome Powell, the chairman of the Federal Reserve has previously mentioned that a weakening labour market might precipitate a change to interest rates and an overall easing of conditions from the current regime. Bullish Scenario Early this week, should the bulls hold their ground at the current ranges, we could see a push to the range midpoint of $66,000 USD. Bearish Scenario Failure to see the bulls hold the market here could then see prices retesting the bottom of this channel, which was reclaimed at the start of this month. This may result in Bitcoin moving back towards $61,000 USD.
by PHundal
BTC which pathway BTC / USDT The BTC bottom is about to be formed in next few days Most likely we will retest 61k-59k zone again In order to go straight up from here we must hold above that level .. The other scenario is breaking down and and in that case we can say the bottom will be formed around one of these levels 56k - 50k or even late 40s We can see altcoins market finally have same nice pump fueled by AI coins Keep accumulating and reentering market partially and always have some free stable for upcoming opportunities
by Babenski
5
8 to 10 new price lowsHey guys and girls, Preamble: You must have a plan, (what are your targets? or where is your stop loss? or ... ) Why? because, without a plan, you tend to make decisions "emotionally" :) My vision: BTC is about to do the unthinkable. Technical Section: Pattern: Bull flag Candlestick Pattern: 8 to 10 new price lows Pattern description: bullish reversal pattern RSI ---> oversold MACD ---> Buy signal Price projections: Buy signal = $ 64700 Target 1 = $ 68000 Target 2 = $ 72000 Target 3 = $ 80000 my vision is clear now. Appendix:
BINANCE:BTCUSDLong
by BTC-XLM
2
#BTC/USDT Urgent Update!#BTC closed around $62,800, defying CT's expectations for a drop to $52,000. Now, we'll see if it can close above the blue moving average and confirm this whole move as a deviation, a pattern Bitcoin often follows. Otherwise, the doors to GETTEX:52K remain open, with this current move possibly being just a retest. So we wait, patience is key! Keep an eye on the weekly close! Have a wonderful weekend! #Crypto #Bitcoin Do share your views in the comments section and hit the like button if you like it. It keeps us motivated! Thank you #PEACE
by Cryptorphic
2
BTC | Short H4 | Market Exec |Crypto Toppish For NowTechnical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 time-frame - Price action is close to a Resistance Trendline - Price action is close to a 200 EMA (still bearish for now) - Price action is in a consolidation zone - Targeting the 61.8% Fibo retracement Fundamental Confluences for Trade: - Nothing new in the Crypto space to start any new hype to enter the market - Crypto ETF craze has passed; wait for the next one maybe for ETH Suggested Trade: Entry @ Area of Interest 62,700 - 65,300 SL @ 68,042 TP 1 @ 59,200 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 53,685 Risk-to-Reward @ Approx. 2.27 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Short
by weekendanalyst
Bitcoin trend for Cycle-Top prediction.I noticed a trend that kept repeating in every cycle with high accuracy. There seems to be a support trend-line during bull markets, and if we extend this line to the next cycle, it always predicts where Bitcoin will top (By the end of the cycle). Assuming this cycle ends in November 2025, Bitcoin peak between $250,000 and $270.000. I also acknowledge that the Bitcoin ETFs might affect this trend and Bitcoin could top at a much higher price level.
INDEX:BTCUSD
by Ramiknfr
6
IS IT TIME FOR THE RISE BACK TO $70K?As I said before, I believe we're in an exciting time. We're seeing our first sign of early growth following post halving. BTC has broken the 1HR Trend Resistance and it may soon retest it as support. If it does test and hold we can be poised for a continued run to the upside. It's already broken a Key Weekly Level on Friday and it's possible that it could surpass $65,000 on its march back to $70k. If the 4HR Trend Line fails to hold as support, then I believe we will head back to $60k and test from there. Theirs always two sides of a coin, I create ideas for both. My sentiment is overall bullish, but the bears are just as easy to track & trade. I am going to continue to chart BTC alongside ApeWifHat Weekly. The Memecoin market is not my favorite, but you can't deny the volume of Money being poured into multiple projects. I believe that #ApeWifHat is the next Meme Coin to1000x. It's very early and I'm super bullish. apewifhat.net What's your thoughts on Bitcoins Future? Like, Share, & Comment below!
COINBASE:BTCUSD
by itsmoty
BTC Price Reclaims $64K as Over $175 Million in Total LiquidatedBitcoin's price has breached the $64,000 threshold, causing over $175 million in total liquidations. Over $150 million in shorts position were wiped out, with Binance seeing the most liquidations, with the largest single order being $5.09 million for the Ethereum/USDT trading pair. The price reached an intra-day high of $64,540 on May 4, and trading volume rose by over 15% despite an expected weekend lull. Binance exchange recorded the most liquidations at $72.57 million, followed by OKX at $61.59 million. The largest single liquidation order was witnessed on Binance, where up to $5.09 million went down the drain for the Ethereum trading pair against Tether (USDT) stablecoin. The move saw Bitcoin break above a month-long trendline that acted as resistance, and traders looking to long CRYPTOCAP:BTC should exercise caution due to expected weekend volatility.
BINANCE:BTCUSDLong
by DEXWireNews
Bitcoin Dump: 54K next support?54K seems to be the most likely support level on the 4-hour chart for Bitcoin/USD. After that 52K . A drop to 48K seems unlikely . But possible. A reminder that this is the 4-Hour Chart. If you zoom out, you will notice that Bitcoin is not yet in a bear market. Technical Analysis tools used: Volume, Ichimoku Clouds, Fibonnaci Retracement, Volume Delta, Support Lines. The Fibonacci Retracement show the next likely support levels which correlates closely with the (orange) support lines. Price action below the Ichimoku Cloud signals the continuation of a bearish trend. The new Volume Delta Indicator shows a divergence of sell volume domination over market price, which leads me to believe a trend reversal is coming soon. (around 52-54k) up-to-date Fundamental Analysis: Good news to consider: Possible ETF unbanning and adoption in China (unconfirmed) World's largest custodian bank, BNY Mellon reports exposure to BTC ETF Halvening in effect First Bitcoin ETF's launched in Asia (Hong Kong) Bad news to consider: CEO of Binance sentencing (30. April 24) Prominent Bitcoin Figures arrested Government crackdowns in US/UK/EU on centralized elements of the cryptocurrency ecosystem (CEX, Custodial Wallets, etc.). Asian Bitcoin ETF's flopped due to low volumes on opening day. Psychological Considerations: must-reach-100k mentality of the Bitcoin community Community psychological barrier against centralization and regulation 50k support Disclaimer The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
BITSTAMP:BTCUSDShort
by GoldArti
2