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Bitcoin BTC price sets the mood of the crypto marketThe Oc Uptober fest did not go well on the crypto market - sadness, pain, and the red color reigned supreme. But is it really that bad, let's find out. OKX:BTCUSDT price has dropped to $60k and the middle of the channel, where the price has been consolidating for more than 7 months. And although we have set $57k per CRYPTOCAP:BTC as a critical level for ourselves, but maybe we don't need to go there anymore ?) It's better to use 1-2 large green daily candles up to GETTEX:64K per #Bitcoin. Unfortunately, we don't control the market) 🟢 BTC.D - 58.17% 🟢 USDT.D - 5.82%. Both indices are slowing down their growth and trying to turn down, which may be a fresh breath of air for altcoins, but it will probably not be enough for everyone) 🔴 The Fear and Greed Index is 37 (a couple of days ago it was 61), there is already fear, but not yet critical, which is where global reversals usually come from. 🍿 We are waiting for Chinese liquidity to enter the cryptocurrency market, just a little more patience. By the way, LSE:CFX with “Chinese roots” has held up quite well in recent days, it is worth keeping an eye on. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
ICPUSDT - BUY OPPORTUNITY- ICP Update - ICP is one amazing blockchain, within its ecosystem, it can handle gaming, social, web3, Ai etc DYOR!!! There's just too much about ICP which you can read up on their webpage. I am personally buying this coin within BUY area, Holding to target areas and potentially SWING TARGET. My SWING TARGET for ICP for near future is +$150 - $250, this coin 100% deserves 3 digits at fair value, its one of those coins that is built to handle future web3 projects, its utility is amazing, the transaction speeds are insanely fast, if so, even faster than SOLANA. This coin holds its value and reputation in my opinion amongst SOLANA and ETHEREUM, possibly flip SOLANA in near future!!! The blockchain is just built for the future, and with recent announcement regarding Ai model integrated within the blockchain, This by far is one solid and positive outlook for the future of this blockchain. As the future technology continues to progress and evolve around Web3 and mass adoption of crypto takes off. This coin will surely (in my opinion) be key player within the Web3 industry as well as Ai !!! We can only look forward from here and accumulate as much as possible, todays price is a steal for this GEM!!! Todays price will be a history in the future! that is my personal view and outlook! I could be totally wrong, lets wait and see. If this coin dips before Bitcoin halving, I will look further to add to my moon bag. Trade Safe Habibis ** Crypto is highly volatile and risky, profits are never guaranteed, only risk what you can afford to lose **
Long
by PathaanKhan
6
BTCUSD Reverses from Major Resistance, Downtrend ExpectedBTCUSD has been trading in a well-established downtrend channel over the past few weeks. Recently, it hit a major resistance level and is now showing signs of a reversal to the downside. Key Resistance Break: The price action indicates that BTCUSD is failing to break through the resistance level, signaling a potential continuation of the downtrend in the upcoming sessions. Potential Target: Looking ahead to next week, we anticipate that BTCUSD may resume its downward trajectory and could potentially touch the 55,000 mark if the bearish momentum continues. RSI Momentum Shift: Multiple RSI lines have shifted downward, confirming the weakening momentum and supporting the likelihood of further downside movement. Conclusion: Traders should watch for confirmation of the downtrend as BTCUSD moves further from resistance. The technical indicators, particularly RSI, suggest that the market remains bearish in the near term. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk, and you should conduct your own research or consult with a licensed financial advisor before making any investment decisions.
BITSTAMP:BTCUSDShort
by Sudhir-Sirohi
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 4, 2024Technical Analysis and Outlook: The "Interim Squeeze" of Bitcoin has witnessed a significant decline to our Mean Support levels at 64400 and 63100, as well as the newly established 60200. On the upside, the cryptocurrency is approaching the critical Mean Resistance level of 64000. A breach of this pivotal level will trigger the movement to the Inner Coin Rally 67000 target, accompanied by further upward momentum, with the primary objective being the subsequent Inner Coin Rally identified at 69300. Nevertheless, the prevailing market interim bearish sentiment anticipates a drop to the Mean Support level at 58000, with the potential for an extension to the Inner Coin Dip 55500 before initiating the primary recovery and progressing into the subsequent phase of the bullish movement.
BITSTAMP:BTCUSD
by TradeSelecter
Bitcoin's local perspective 30.09.24The nearest movement on BTC is now being described by the AMEXP model on the hourly timeframe, where we have two key target zones for the price: at least $62,027-$61,718 and if the impulse will be strong, it will be $59,893-$59,447. After reaching these zones, we can expect a rebound to at least ~$64,000 and as a variant of scenario - an attempt to update the high, but frankly, it is too early to talk about it. In the specified range of $62,027-$59,447 we will try to find a long with the aim to catch at least a rebound. Let's specify that the position will probably be a small size, as there are high risks of not stopping in the mentioned area.
INDEX:BTCUSD
by TSFC
Strategic Bitcoin Accumulation & Market Insights: October 2024 Current Price : INDEX:BTCUSD $61,898 🚀 --- 1. Overview of Price and Market Dynamics Price Action : Bitcoin is trading at $61,898 , showcasing strong momentum. Market dynamics reflect a balance between whale accumulation 🐋 and short-term speculative movements 📊. The price has consolidated after breaking key support, with large holders dominating market activity. --- 2. Accumulation Zones 🛑 Whales have been steadily accumulating in the $55,000 - $58,000 range 🐋, signaling strong confidence in future price appreciation 📈. This zone will act as a significant support level in case of any pullbacks. - Accumulation Zone : $55,000 - $58,000 - Observation : This zone has the highest concentration of buy orders, making it a critical support area. --- 3. Distribution Zones 📈 The primary resistance zone is located between $65,000 and $67,000 . Sell-side pressure is expected to increase as short-term traders take profits 💰. Watch for increased volatility in this zone. - Distribution Zone : $65,000 - $67,000 - Observation : Significant resistance at this level could trigger a short-term pullback. --- 4. Accumulation Strategy 📊 Where : The ideal accumulation range is between $58,000 - $60,000 , where whales are heavily positioned. Large holders are removing Bitcoin from exchanges and storing it in cold wallets 🧊. When : Accumulate during periods of low volatility. Exchange outflows indicate fewer people selling Bitcoin, providing a strong buy signal 🔥. How : Use a dollar-cost averaging (DCA) approach between $58,000 - $60,000 to mitigate volatility. Set stop-losses below $55,000 to protect your capital. --- 5. Distribution Strategy 💡 Where : Consider selling around $65,000 - $67,000 , where strong resistance is expected 🛑. This area has previously seen significant sell orders, creating a potential distribution zone for traders. When : Look to distribute as Bitcoin nears the $65,000 resistance level. Failure to break this level will likely lead to a pullback 📉. How : Use limit sell orders slightly below $65,000 to maximize profits. Long-term holders can consider partial distribution to lock in gains while riding the next potential wave upward 🚀. --- 6. Whale Activity and On-Chain Metrics 🐋 Whales have been accumulating Bitcoin steadily between $55,000 - $58,000 . The reduced exchange inflows indicate large holders are moving assets off-exchange 🧊, preparing for a long-term hold. Unspent Transaction Outputs (UTXOs) have been increasing, further confirming long-term accumulation. Actions : - Accumulate with Whales : Buy within the whale accumulation zone between $58,000 - $60,000 . - Monitor Exchange Inflows : Decreasing inflows are a bullish signal for future price appreciation. --- 7. Key Technical Indicators 📊 - Support : $55,000 - $58,000 - Resistance : $65,000 - $67,000 Volume : Volume is building around the $58,000 - $60,000 range, indicating steady accumulation 📉. RSI : RSI is neutral, meaning Bitcoin is not yet overbought. Momentum is building for a potential breakout above $65,000 . --- 8. Derivatives and Open Interest Analysis 📈 Open Interest : Bitcoin open interest remains elevated in futures markets, signaling heavy speculative activity. A potential price move above $65,000 could trigger liquidations 🚨. Funding Rates : Funding rates are neutral, meaning long and short positions are relatively balanced. This suggests that traders expect further price gains, but not extreme volatility. --- 9. Take Profit and Stop Loss Levels 📉 Take Profit Levels : - $65,000 - $67,000 : Ideal take-profit zone for short-term traders 📈. - $70,000 : Secondary take-profit target for those expecting a strong breakout. Stop-Loss Levels : - $55,000 : Place stop-losses just below this level if accumulating around $58,000 . This ensures capital protection in case of a downside move 📉. --- 10. Final Observations and Strategy Summary 🔍 Why : Whale accumulation, decreasing exchange inflows, and strong on-chain activity suggest that Bitcoin is entering the final stages of accumulation. A breakout above $65,000 could drive prices toward $70,000 . Where : Focus on buying in the $58,000 - $60,000 range and aim to sell near $65,000 - $67,000 . Long-term holders should continue holding. When : Look for accumulation during periods of low volatility and outflows. Distribute near resistance zones and take profits at critical levels. --- Strategic Actions : 1. Buy : Accumulate between $58,000 - $60,000 . 2. Sell : Take profits near $65,000 - $67,000 . 3. Hold : Long-term holders should maintain positions, as whale activity points to future upside 📊.
INDEX:BTCUSDLong
by TradeGod_1111
Uptober Delayed?One often-shared myth among crypto traders is that of 'Uptober'. After a slow summer, markets tend to pick up in October. This is somewhat based on historical data. October is the third-best best performing month for crypto assets after November and April going all the way back to 2012. Expectations for this current October are set high after the long-awaited Federal Reserve rate cuts finally materialized. And indeed, Bitcoin's price had started slowly climbing from early September onwards. The scene was set for an acceleration during 'Uptober'. But as we know, reality rarely follows a trader's playbook. Escalating conflict in the Middle East has started to push up the price of crude oil. This throws additional uncertainty over what could be a worsening economic outlook, just ahead of a crucial American election. The number of unknowns is rising, and Bitcoin's price action continues to prove that it is still far from being seen as a 'risk-off' asset comparable to gold. As Bitcoin's price predictably retreated, Gold rallied. The BTC-Gold flippening is clearly a long way off. However, it is not all doom and gloom. Bitcoin recorded both a higher low in early September compared to the previous August low and a higher high compared to one month ago. Also, the impact of rate cuts is only slowly starting to impact markets. The rate cuts will certainly benefit Decentralized Finance (DeFi) protocols who will once again be able to compete with their higher yields against now lower-yielding, but far more secure Government bonds. The mood in markets has slightly shifted away from the misery that many participants felt earlier in the summer. The launch of the much-anticipated Eigenlayer token has so far played out better than some had expected. A slow renaissance of DeFi tokens is starting to register. And even a hippo-themed Memecoin rallied to $300m market cap in 2 days before retracing. Bullish traders continue to test the waters. Earlier in the year, the bulls had exhausted their buying power when the market rally fizzled out. Now it might be the bears who have nothing left to sell. Maybe not all hope is lost for an Uptober rally after all.
by Coinrule
Bitcoin/USDT on 1-hour timeframe Binance. TA+Trade plan by B.F.Descending Channel Pattern: The price is trading within a descending channel. The upper boundary (resistance) and lower boundary (support) are clearly defined. Descending channels typically indicate a bearish trend, but if the price breaks out of the channel, it could signal a trend reversal. Possible Breakout to the Upside: The chart highlights the possibility of a breakout above the descending channel, supported by a bullish blue trendline. The breakout area is noted around the 61,758.48 USDT level. If the price moves past this level, it could lead to further upside momentum. Volume: Volume appears moderate, indicating that the market has yet to show a strong momentum surge. A breakout on higher volume would confirm the upside move. Indicators: VMC Cipher B Divergences: This indicator shows multiple green dots, suggesting bullish divergence and potential reversal. RSI (Relative Strength Index): The RSI is in neutral territory around 58.66, indicating no extreme overbought or oversold conditions. If it crosses above 60, it may confirm the bullish breakout. Stochastic Oscillator: The stochastic shows a bullish signal, with the %K line at 90.29 and the %D line at 88.42. However, it’s approaching overbought territory, suggesting caution as there could be short-term pullbacks. HMA Histogram: Shows a slight downtrend in the short term (negative values). If it turns positive, it could confirm the breakout move. Support and Resistance Levels: Resistance 1: 61,758.48 USDT (upper boundary of the channel and key breakout level). Resistance 2: 64,591.15 USDT (previous high, and next major resistance zone if the breakout happens). Support 1: 60,301.68 USDT (lower boundary of the channel). Support 2: 59,000 USDT (psychological support and lower range of the broader consolidation). Trading Plan: Long Position: Entry: Enter a long position if the price breaks and closes above 61,758.48 USDT with a confirmation candle (preferably on higher volume). Stop Loss: Set a stop loss below the descending channel or at the 60,301.68 USDT support level to limit downside risk. Take Profit: The initial target would be the next resistance at 64,591.15 USDT. Partial profits can be taken here, with further upside potential if momentum remains strong. Short Position (in case of failure to break out): Entry: If the price fails to break above 61,758.48 USDT and falls back into the channel, consider a short position targeting the support at 60,301.68 USDT. Stop Loss: Place a stop loss slightly above 61,758.48 USDT to protect against an unexpected breakout. Take Profit: Target the lower boundary of the channel and potentially below, near 59,000 USDT. Conclusion: The overall structure indicates a potential breakout from a descending channel. A confirmed breakout above 61,758.48 USDT could signal a bullish reversal and upside toward 64,591.15 USDT. However, if the price fails to break out, it may continue to trade within the channel, offering short-term trading opportunities. Monitoring volume and key levels (especially 61,758.48 USDT) will be crucial for confirming the next major move.
Long
by elfabiiani
1
BITCOIN ONCE MORE ON THE RISE!!Hello and welcome back friends i have some exciting cooks for the next crypto PUSH of 2025. Bitcoin is looking great despite the world events which is nothing more than a reason to set up bitcoin for its spring to the upside. After a war there's always profits once it resolves. Indicator (1). Donald T. Speculation if he wins it will push crypto, he is pushing a crypto narrative and wants to make the USA a BTC/Crypto Hub. Indicator (2). Banks are having innovation coming in 1-2 years through company SWIFT for adaptation of Digital Currency. Indicator (3). XRP just received greenlight for adaptation as one of DUBAI's currencies. Check your own facts so that you can correlate to this post as ive done my research to. Its just funny, as well as interesting to notice how the chart TELLS US where the market will go, and then the world events make it happen. Absolutely amazing to have conviction through these markets at these very moments we are in a bearish dip for BETTER BUYS. This baby will continue to pump thorugh 2025. Now..... For the Analaysis haha. As we can see from the chart BTC seems to have a strong floor here at the 60,000 Price range. i have it marked up by a green textile box that price has a great level of support and resistance if you notice to the left. Currently sitting on the 0.236 of our Fibbs from a swing low to swing high out look, and as the jingle goes from low to high we're looking for buys at key levels of the fibb. If she decides to dump a little further for reasons of war & fear, but as stated earlier thats actually a good thing for a higher push in economies. Black swan events despite being unfortunate bring prosperity in goods overtime. This level would be the 0.382 or price at 51,500 of BTC. this will be another VERY strong floor for BTC to quickly recover from notice the wick Monday 5 Aug. We're in for some Bullish runs team Lots of love keep yourselves well and DCA through this crypto market build your portfolios and HODL for 2025.
BITSTAMP:BTCUSDLong
by IJackPips
The Bitcoin Dilemma: To Go Long or Not to Go Long?Let me share my observations on Bitcoin, starting with the obvious. On the 4-hour chart, any trader with more than a week of experience can see that Bitcoin is moving in a widening descending channel. To put it simply, the price action is forming a "trail" that fits perfectly within this channel. Over the past few days, prices have been "testing" the $60,500-$60,000 level, which suggests a potential move lower, aligning with the direction of the descending channel. Ok, fine. Meanwhile, on the CME and other major crypto exchanges, options with strike prices of $80,000 and $100,000 are being traded a lot with an expiration date in December 2024. That's a far cry from the current price, and it's anyone's guess what the future holds. Will we see a "tothemoon" or a multi-month bottom? Personally, I'm "sitting on the fence" and won't be going long until I see some confirmation on the chart.
COINBASE:BTCUSD
by ClashChartsTeam
Elliott Wave Analysis: Bitcoin Consolidation ResumesBitcoin is turning to the downside as the US dollar recovers alongside US yields, which have risen nicely since mid-September. With further dollar strength possible, potentially pushing towards the 102.50 or even 103 levels, this is likely to be bearish for Bitcoin, at least in the short term. Bitcoin has also turned down impulsively from above $67,000, signaling that it remains trapped in a large consolidation phase. While I believe there’s potential for Bitcoin to eventually break to the upside, we will need to be patient until some key levels are taken out. Grega
CME:BTC1!
by ew-forecast
3