BITCOIN - must happen to see new ATHAs I told you in my previous analysis of Bitcoin, it is a triple bottom and it will rise and it is the end of bear market, while the majority expected its decline to continue from 57k to 40k levels.
Check out my analysis and drawing the chart attached below and you will see for yourself that what I say is true... remmember i see what others don't
Now I tell you!
Bitcoin is going to reclaim the 200MA
the last time Bitcoin tried this was in august 2024 but it ended up being a fakout leading dumpto 52.5k
now it's trying to reclaim the 200MA again and if it can hold this level we could be looking for a massive breakout a head
this analysis will be constantly updated , so follow us to receive all news updates
Best regards Ceciliones🎯
Bitcoinprice
NVDA BOOM!?As posted in recent weeks, NVDA’s stock price continues to move higher after bottoming out in the lower $100 range. This was a liquify grab meant to shake out weak hands. We broke through the price of $126 this past week, and then dropped lower to $120 support. I believe now is the time to buy NVDA with an overall target goal of $138 or higher.
This is just a prediction. Good luck!
BTC & Crypto Market Forecast. 4 Yr Cycle Top and Elliot WavesIn this video, I've pulled up an old chart from 2022 I've had on my desktop (not my original chart) that shows potential Waves 3-5 for Bitcion and the 4 year cycle high time targets.
In my new chart, I've re-created this showing that we're ahead of schedule from the dark study, and the 4 year past cycle time targets for reaching ATH around 539 days after the halving.
But as we know, we hit ATH's this cycle already BEFORE the halving, so it's unclear how that's going to affect the next phase. It would certainly make sense, that everybody (Big money, smart money and even us dumb money retail traders) will be looking to 'go all in' early...
But also to GET OUT early.
Remember, it's a game of musical chairs.. and the music is speeding up.
For these reasons, and other global economic and political influences...
I think we could STILL see a left-translated cycle and a parabolic bull rally going into Dec of this year... Unsure if that would be THE Top, but I'd be looking for some profit taking and correction there, which most likely WILL LOOK like the top. But may not actually be.
We may still see the 4 year cycle play out, and continue to push higher until October '25 as the original study suggests (539 days post-halving).
On the one hand, some are suggesting a deflationary market bust in early 2025 for both the stock market and Bitcoin / crypto.
We'll have to wait and see.
But it does look like we're experiencing the Wave 4 pullback, and poised to beging the final Wave 5 phase of the bull-run.
What do you think?
Would appreciate any likes, comments, or compliments below. Cheer always welcome!
To the moon 🚀
UPTOBER HERE WE COME!Dear Traders and CryptoLovers!
October is here, and that means one thing—Uptober!
Historically, October has been a bullish month for crypto, and with signs of a Bullish Harami forming, we could be gearing up for a potential reversal in the market. The pattern we're watching suggests a possible shift from the recent downtrend. The key here is the smaller second candle closing within the first, signalling the bulls might be stepping back in.
While the start of the month could be choppy, the confirmation of this pattern by the October monthly close could be the push needed for a strong rally ahead.
Bullish Harami: a bullish reversal pattern (which occurs after a downtrend). When it appears in a downtrend, it is a bullish signal.
Recognition Criteria
To identify a general Harami pattern, look for the following criteria:
There is a prevailing trend, whether it’s an uptrend or a downtrend.
The first candle must continue in the direction of the current trend. It will be the same colour as the current trend and have a long body.
The second candle must be contained within the first candle’s body (so it opens and closes within the first candle's body). It can be either colour, and it will have a smaller body. Only the body needs to be contained within the first candle; the wicks are irrelevant.
The next candle confirms this pattern (this is the October monthly close)
If you have any questions, please reach out!
Bitcoin Price Outlook: Is a Bitcoin Rally Imminent?As the financial world closely watches the signals from Jerome Powell, Chair of the U.S. Federal Reserve, optimism is rising around Bitcoin's potential next rally. Powell's confidence in cooling inflation and the U.S. economy’s strength has caught the attention of Bitcoin enthusiasts, especially as monetary easing could work in favor of the flagship cryptocurrency. But is Bitcoin set for a breakout, or are there hurdles in the way?
Jerome Powell’s Inflation Confidence & Potential Impact on Bitcoin ( CRYPTOCAP:BTC )
At the 66th NABE annual meeting, Jerome Powell reaffirmed the Federal Reserve's ability to bring inflation down to the 2% target. He expressed optimism about the labor market's stability and the U.S. economy's resilience despite a cooling job market. Powell’s statement carries weight, as any dovish shift in Fed policy could significantly influence risk-on assets like Bitcoin.
Powell hinted that any further rate cuts would hinge on incoming inflation data, aligning with the Fed’s cautious approach. Despite the uncertainty of immediate cuts, the notion that inflation is under control sparks hope for Bitcoin, as a lower interest rate environment could drive liquidity into the market, benefiting assets like BTC. Further dovish movements or interest rate cuts could fuel a renewed wave of institutional and retail interest in Bitcoin.
Bitcoin's Bullish Fundamentals & Historic Patterns
Bitcoin’s long-term bullish sentiment remains intact, especially as it heads into the fourth quarter. Historically, Q4 has been one of Bitcoin’s most profitable periods. For instance, CRYPTOCAP:BTC is poised for a positive close for September, and historically, whenever Bitcoin ends September in green, it follows with strong performances in October, November, and December.
More than just seasonality, Bitcoin’s fundamental outlook is supported by the global macro environment. With central banks in major economies like China adopting monetary easing policies, Bitcoin, being a risk-on asset, is expected to benefit from global liquidity. Market analysts from QCP Capital have predicted that such policies will boost Bitcoin, aligning with the narrative of Bitcoin as a hedge against inflation and traditional finance’s uncertainties.
Technical Analysis: Bitcoin’s Resistance and Momentum
On the technical side, Bitcoin ( CRYPTOCAP:BTC ) is currently trading between $61,000 and $65,000, showing a consolidation pattern. This range has become a key pivot point for BTC, with the $63,000 level acting as a significant resistance barrier. At the time of writing, Bitcoin ( CRYPTOCAP:BTC ) is down 3.15%, continuing its oscillation within this range. Despite this dip, the Relative Strength Index (RSI) sits at 56, signaling that Bitcoin ( CRYPTOCAP:BTC ) still holds bullish momentum and is not yet overbought.
Technical analysts have pointed to $70,000 as the key resistance level Bitcoin ( CRYPTOCAP:BTC ) needs to break through to confirm the next leg of its bull run. Should CRYPTOCAP:BTC reclaim this level, it could set the stage for new all-time highs, as predicted by analysts like Markus Thielen, who expects Bitcoin ( CRYPTOCAP:BTC ) to surge past $70,000 by late October.
The next few weeks could be pivotal for CRYPTOCAP:BTC as it heads toward a monthly close. Historically, Bitcoin only posts negative returns in October twice, reinforcing the optimism that Bitcoin could close the year on a high note, pushing to new heights.
Factors to Watch: U.S. Elections & Regulatory Landscape
While the technical and fundamental outlooks remain bullish, Bitcoin’s future will also be influenced by external factors. The upcoming U.S. presidential elections could serve as a major catalyst. Both parties have expressed openness toward Bitcoin ( CRYPTOCAP:BTC ), with discussions about potentially making Bitcoin ( CRYPTOCAP:BTC ) a legal tender in the U.S. This, if it materializes, would create a massive wave of institutional adoption, further cementing Bitcoin’s position as a mainstream asset.
However, regulatory uncertainties continue to hang over the cryptocurrency market. Global regulatory bodies are increasing scrutiny on digital assets, and Bitcoin’s future could hinge on how these regulatory frameworks evolve. Additionally, global adoption rates and market sentiment around decentralized finance (DeFi) will play crucial roles in shaping Bitcoin’s next moves.
Conclusion
While short-term volatility and regulatory hurdles remain, Bitcoin’s long-term outlook is strongly bullish. Jerome Powell’s optimism around cooling inflation and potential rate cuts are supportive macro conditions for CRYPTOCAP:BTC , while historical performance and technical indicators point toward a potential rally in the coming months.
As Bitcoin ( CRYPTOCAP:BTC ) moves into the final quarter of 2024, eyes will be on key resistance levels, the U.S. elections, and regulatory developments. The path to $70,000 is in sight, and if Bitcoin ( CRYPTOCAP:BTC ) breaks through, it could trigger a new all-time high by the end of the year.
EDL IS BACK : BTC SHORTKey levels and support/resistance in addition to the general 1D trend show that BTC might be keep stalling tonight.
We'll provide a daily forecast on the most interesting asset of the day each day, please stay plugged.
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BTC | LTF and HTF TargetsIf this zone cannot hold the price, it means that we have moved from the quick no retest rise phase to the deep retest phase.
The deep retest phase is the stage where traders who cannot catch the price during the rapid rise try long from everywhere to compensate for this.
If I try my luck here once and stopped out, I will wait for the real buyer and cheap zone below.
Exploring Valkyrie Bitcoin Strategy ETF @BTFExploring the Valkyrie Bitcoin and Ethereum Strategy ETF. Bitcoin ( NASDAQ:BTF ).. strong monthly imbalance in control playing our with BTC cryptocurrency currently attempting to break its all-time high again, with a monthly demand level also in control. Long term investment opportunity. Both Bitcoin and Ethereum are trending upwards and have a significant monthly demand level in control, contributing to the rise of these cryptocurrencies and the
Bitcoin - Market unease continues...Market unease continues, with any small disruption potentially triggering panic and a sharp sell-off. It's uncertain whether this will lead to long-term manipulation for buying at lower prices or signal a significant collapse of the crypto bubble.
The grey zone on the chart represents a key decision point - keep a close eye on it for potential movement.
Heed your DD!
BtcUsd moving up to complete wave 5, a, b & c!Looking for Impulse Up then down.
BtcUsd already complete wave 4 now should move up to complete next waves. It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the comments.
Learn & Earn!
Wave Trader Pro
Bitcoin (btcusdt) → Two Key Scenarios After Wedge Breakouthello guys.
Bitcoin has broken out of a descending wedge, signaling potential bullish momentum. The price is hovering near the $66,500-$67,000 resistance, with two possible scenarios:
Scenario 1: Immediate Breakout
Target: $75,000-$76,000
Path: A clean break above $67,000 could trigger a strong rally toward the $75,000-$76,000 zone, continuing the bullish momentum from the wedge breakout.
Scenario 2: Pullback Before Rally
Target: $58,000 (correction) → $75,000 (rebound)
Path: If Bitcoin fails to break $67,000, a pullback to $58,000 is likely. This could act as a support base, after which a rebound might drive the price back toward the $75,000 target.
Both scenarios are bullish, with the primary difference being whether Bitcoin rallies immediately or after a corrective dip.
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Bitcoin BTC Price correction, confirming support. Wedgeimgur.com
Pretty sure this graph shows the wedge pattern pretty clearly. It will come back down to test support, before a massive rally. likely to 85-95k before Mid December.
December will be the peak before massive correction.
- All this is predicated on no Black Swan event. (nuclear or ET global events)
SEC Allows Options Trading on BlackRock’s Bitcoin ETF Market Update - September 27th, 2024
Takeaways
The SEC has approved Nasdaq's request to list and trade options on BlackRock's spot bitcoin ETF: The decision introduces new hedging tools for investors but comes with a 25,000 contract limit which has been criticized by the exchange as “conservative.”
Crypto investment products saw a second consecutive week of inflows, totaling $321 million, after the Fed's decision to cut rates: Bitcoin investment products led the pack with $284 million in inflows last week.
More than 40 Republican lawmakers called on SEC chair Gary Gensler to withdraw the crypto custody rule (SAB 121): They argue the rule increases consumer risk and stifles innovation.
Caroline Ellison, ex-CEO of Alameda Research, was sentenced to two years in prison for her role in the FTX fraud case: Despite her cooperation with law enforcement in the case against Sam Bankman-Fried, the judge ruled that Ellison must still serve time.
On Monday, OpenAI’s official news account on X was compromised, with hackers using it to promote a fake "$OPENAI" token: The fraudulent post claimed the token would grant access to future beta programs and directed victims to a spoof website.
PayPal to accept crypto payments: Payments giant PayPal announced Wednesday it would allow business accounts to buy, hold, and sell cryptocurrencies.
SEC Allows Options Trading on BlackRock’s Bitcoin ETF on Nasdaq's ISE
The SEC has approved a rule change permitting the listing and trading of options on the iShares Bitcoin Trust (IBIT), BlackRock’s Bitcoin ETF, on Nasdaq’s International Securities Exchange (ISE).
BlackRock had been pushing for this approval since March, following the launch of several bitcoin-linked ETFs in the US. Earlier proposals faced concerns around market manipulation. Regulators also expressed concerns around introducing more crypto derivatives products to the market, due to their nascency. To address these concerns, the SEC approved an amendment that limits positions on IBIT options to just 25,000 contracts. The limit has been described as "extremely conservative" by Nasdaq.
The regulator also concluded that the exchange’s surveillance systems would be an adequate deterrent for market manipulation. Currently, BlackRock’s IBIT spot bitcoin ETF is the largest in the world, with more than $17 billion in assets under management.
🏦 Topic of the Week: What Are Central Bank Digital Currencies?
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Bitcoin Eyes $64,928: Will the Double Bottom Confirm?Hello, fellow traders! Today, I’m diving into Bitcoin’s recent price action following the Fed's rate cut decision.
Bitcoin has been stuck in a range for some time, and the recent -50bps rate cut has triggered a positive market reaction. Let's break down what this could mean for Bitcoin's next move, with a focus on the developing Double Bottom pattern.
Current Situation: After the Fed's decision on September 18th, Bitcoin is showing signs of upward momentum. However, it's still forming a Double Bottom pattern, which needs to move up to the neckline at $64,928 to confirm a potential breakout.
What to Watch: The key target level for a bullish continuation is $69,607 . Currently, we only have a Higher Low established on September 7th, which hints at a possible shift in market sentiment.
Risks: The invalidation level is around $53,968 . If Bitcoin drops below this, it would form a Lower Low, potentially signaling a bearish trend.
What do you think, traders? Will Bitcoin break through the neckline, or are we in for another pullback? Share your thoughts in the comments – I'd love to hear your perspective on this pattern!
If you found this analysis helpful, please give it a like and follow for more insights. Let’s keep an eye on Bitcoin’s next moves together! Feel free to ask any questions or request an analysis of another asset in the comments.
Bitcoin’s Potential Breakout: Key Levels to WatchBitcoin and the crypto market in general have been surging over the last week.
Bitcoin is now sitting at the $65,000 level, very close to breaking out from its descending channel.
If this breakout occurs, the next resistance level to watch is $73,000.
With market sentiment currently positive, the potential for upward momentum is strong. I would give it a 65% probability that Bitcoin will it the $73,000 before the end of 2024.