Next move of BTCin my point of view next move of BTC could be like the drawn schematic.
probably btc retrace to (85-92) and moves to the new ATH.
Bitcoinprice
$BTC will Re-testBitcoin has broken out of its strong dynamic according to the analysis, but it still needs to provide us with a retest. I expect Bitcoin to correct from one of the prices around 70K or 72K, dropping to 64K for the retest before continuing its upward trend. In my opinion, a Bitcoin surge is imminent, but technically, it needs to retest our range before that can be confirmed.
Personally, I believe we are on the verge of an altcoin season, and I recommend starting to build your portfolio gradually.
TradeCityPro | RUNEUSDT The Best Opportunity of the Week👋 Welcome to TradeCityPro Channel!
Let’s analyze another cryptocurrency in detail, as the market is relatively calm right now, providing the perfect time to review and align our triggers.
🌍 Market Overview
As always, let’s start with Bitcoin. Over the past two days, Bitcoin hasn’t shown any significant movements, mostly ranging due to the weekend—something quite normal. These consolidations were needed for the upcoming moves.
For the week ahead, if Bitcoin breaks the 100,400 resistance and its dominance declines, make sure to focus on altcoins for potential positions or purchases. Conversely, if Bitcoin dominance rises, consider trading Bitcoin or coins paired with Bitcoin that are showing bullish trends.
🕒 Weekly Time Frame
RUNE is one of the coins that has shown some movement before the broader market moves began. It hasn’t risen from its all-time low but instead from its 2024 bottom, maintaining a bullish trend behind it.
You can consider buying after the weekly candle closes above 6.950, as this would indicate a breakout of weekly resistance. The volume is favorable, and the RSI has entered overbought territory. Place a stop-loss at 3.038 to participate in the potential move.
After initiating its move and finding support at 3.038, you can draw a Fibonacci retracement. The 0.382 level aligns with this support, and upon breaking the high (currently in progress), the Fibonacci extension levels suggest targets of 11.64, 26.431, and 46.375.
Some might wonder why the March 2024 movement wasn’t used for Fibonacci. This is because that movement was overly impulsive and later rejected, with a pullback to the previously established resistance at 6.95. Hence, this range is more appropriate for analysis.
📊 Daily Time Frame
RUNE is currently encountering a critical daily resistance. A breakout could lead to a move toward 10.695.
For a purchase in this timeframe, you can consider entering after a breakout above 7.32 with a stop-loss around 4.92. This would be a slightly riskier entry. Confirmation could come from an RSI pullback to 70 and a subsequent upward movement.
RUNE hasn’t shown much activity recently, but money appears to be flowing into it. Considering the weekly uptrend, it’s worth positioning ahead of a potential move.
🕒 4-Hour Time Frame
On the 4-hour chart, RUNE is following a parabolic curve and has reached the 7.352 resistance. After being rejected initially, it didn’t drop significantly, and on the next attempt, volume increased as it approached the high again. This second rejection further validates the resistance.
📈 Long Position Trigger
the trigger is clear enter after breaking 7.352. Use a wide stop-loss as this is a daily resistance breakout and may experience fluctuations; missing the move is not an option.
📉 Short Position Trigger
I’m still not interested, just as I’ve been in recent days. I prefer either resting or providing analyses for the community so we can collectively reduce stop-loss hits while building a stronger TradingView presence.
💡 BTC Pair Insight
RUNE, compared to Bitcoin, is in a favorable position. Unlike many altcoins, it’s not at its absolute bottom but rather near its 2024 low. Confirmation of an upward trend would come from breaking the weekly trendline or surpassing 0.00008139, which would likely initiate a significant pump. This relative strength compared to Bitcoin is a positive point for us.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Bitcoin Update BTCUSDT Symmetrical triangle breakout forming!
Price is testing the upper resistance of the triangle around $100,370. Breakouts from this pattern can lead to strong moves, with targets calculated by the height of the triangle.
Watch for:
A breakout above $101,000 for bullish continuation.
Rejection and retest of support near $99,000 for a possible fakeout.
What's your play? 💰 HODL, trade, or wait? #Crypto #Bitcoin #BTC
Mawson infrastructure ready for launch Huge volume stepped in on Thursday after filling the daily gap around 0.6. I believe it will going to explode next year
Disclaimer: Not financial advice. Do your own analysis
What now Bitcoin?#bitcoin #btc price is moving in an ascending megaphone channel now. Top of the channel is located at 110 - 115K #usdt .The lower red box is the strong daily ichimoku span support zone + dEMA ribbon support zone. CRYPTOCAP:BTC price also forming a distribution schematics that matters short/ mid term holders. Touching upper red box and a price declination there will likely cause #btcusd to have a flash dump (i expect this , posted in my previous ideas). This flash dump' s strong support zone is lower red box. If #btcusdt breaks out the megaphone channel with a successful retest, then support zone will move higher and scenario will be modified. In addition, BITSTAMP:BTCUSD price is in distribution zone, avoid high leveraged margin positions and then thank me later for avoiding 10x 100x positions pals.
what is next ? 100K and above ?Hello ,
as you can see in the weekly frame the price still in a bullish trend , BUT is the price really going to 100k or the price on the maximum top now ?
the price failed to cross 74k in weekly frame candle , to be sure that is a correction the price should not be under 50k in weekly frame if it does we are going back to 40k and under
to reach 100k and above the price should cross the 74k in the weekly frame candle
according the the chart we still under 70k and no high liquidity.
the price still in correction for now , the decision is yours :)
BTC $113K Going from $56K to $113K :)
There is also a part where he will give back what he took.
It can be listened to at 65k - 75k.
Can Bitcoin Sustain Its Meteoric Rise and Reach the $110,000 MarBitcoin's Meteoric Rise: A Rally Towards the $100,000 Mark
Bitcoin, the world's largest cryptocurrency, has once again defied expectations, surging past the historic $100,000 milestone. This remarkable achievement comes amidst a backdrop of sluggish performance in traditional assets such as oil, gold, and the S&P 500 index.
A Bullish Outlook for 2025
Analysts are increasingly optimistic about Bitcoin's trajectory, with some predicting that the rally will continue well into 2025. This bullish sentiment is fueled by a confluence of factors, including growing institutional adoption, increasing regulatory clarity, and a strengthening global economy.
As more traditional financial institutions and corporations embrace Bitcoin, the cryptocurrency's legitimacy and mainstream appeal have surged. This institutional adoption has significantly contributed to the price surge, as large-scale investors seek to diversify their portfolios and gain exposure to the emerging digital asset class.
Furthermore, regulatory developments around the world have played a crucial role in shaping Bitcoin's future. While regulatory frameworks vary across different jurisdictions, increased clarity and supportive policies have fostered a more conducive environment for cryptocurrency investment.
A Closer Look at the Technical Indicators
Despite the impressive rally, technical indicators suggest that Bitcoin's upward momentum may be losing steam. The "Choppiness" index, a measure of price volatility, has been steadily increasing, indicating a potential shift towards a more sideways market. While the $100,000 level represents a significant psychological barrier, breaking through the $110,000 mark may prove to be a more challenging task.
Long-Term Holders: A Sign of Strength or Weakness?
The behavior of long-term Bitcoin holders has also sparked debate among market analysts. Some argue that the increased accumulation of coins by long-term holders is a bullish signal, suggesting strong conviction in the cryptocurrency's long-term potential. Others, however, believe that this could be a sign of impending weakness, as long-term holders may be preparing to sell their holdings at higher prices.
The Future of Bitcoin: A Fork in the Road
As Bitcoin continues to evolve, several key questions remain unanswered. Will the cryptocurrency achieve widespread mainstream adoption, becoming a staple in investment portfolios worldwide? Or will it face increased market volatility and regulatory hurdles, potentially leading to a price correction?
Furthermore, the future of Bitcoin may be intertwined with the development of innovative technologies such as blockchain and decentralized finance (DeFi). These emerging technologies have the potential to revolutionize various industries, including finance, supply chain management, and healthcare.1
Investor Sentiment: Hold, Sell, or Buy More?
Retail and institutional investors alike are grappling with the decision of whether to hold, sell, or buy more Bitcoin. While the cryptocurrency's recent performance has been impressive, it's essential to approach investment decisions with caution and conduct thorough research.
As with any investment, it's crucial to consider your risk tolerance, financial goals, and long-term investment horizon. Diversification is also a key strategy to mitigate risk and optimize returns.
Conclusion
Bitcoin's journey to the $100,000 milestone is a testament to its resilience and transformative potential. While the future remains uncertain, the cryptocurrency's underlying technology and growing adoption continue to drive its value. As the digital asset landscape evolves, it's imperative to stay informed and adapt to the changing dynamics of the market.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec 6, 2024Technical Analysis and Outlook:
Bitcoin displayed substantial volatility during this week’s trading sessions, reaching our Mean Support level of 91800 and completing our Inner Coin Rally of 103600. Currently, the threshold for Bitcoin is established at Mean Support 96000, with the completion of the Inner Coin Rally 103600 now noted. Recent analyses indicate that the cryptocurrency will likely surpass the completed Inner Coin Rally 103600, which may rekindle its upward trajectory towards the anticipated Outer #1 Coin Rally 110000 and beyond. The possible pullback to Mean Support 96000 will effectively position the market for the next phase of a bullish trend.
TradeCityPro | TRBUSDT Solid Coin for Spot with Target Review👋 Welcome to the TradeCityPro channel!
Let’s analyze the TRB coin from a spot perspective, avoiding a focus on futures, while examining its technical triggers and potential targets.
🏆 Bitcoin Overview
Before diving into TRB, let’s quickly touch on Bitcoin. Last night, BTC experienced a sharp corrective move with some FOMO-induced sell-offs, causing market-wide fear. However, the dip was primarily confined to Bitcoin, and it quickly rebounded.
Corrections like this are typical during a bull market, and maintaining calm is crucial. With proper risk management in place, such moments shouldn’t lead to panic. Remember, the worst-case scenario is hitting a stop loss, but often, positions don't even get triggered in such volatile conditions.
📅 Weekly Time Frame
TRB is among the coins that experienced a significant pump of over 1,000% before the bull market even began. A key positive aspect is that it never returned to its previous yearly low, similar to Solana.
After this strong upward movement, it consistently bounced off a robust support level, indicating that sellers are losing momentum and buyers are entering the market.
Additionally, a downward trendline is evident, which is more of a continuation pattern. Breaking this trendline doesn’t require a specific trigger; after the breakout, we’ll invalidate all lower-high resistances, leading to higher price movement.
With the current weekly candle, we can open a position in spot trading because , The candle has significant volume , It has broken the trendline , RSI is poised to enter overbought territory next week.
Fibonacci Analysis for Targets
By drawing a Fibonacci retracement from a clear high (ignoring FOMO-driven peaks), we can identify The 52.37 level aligns with the 0.382 Fibonacci level, making it a strong support zone.
Target Levels :After breaking the 136.49 resistance, there are no significant resistances until Fibonacci extensions at: 243.12 - 623 - 1219
These levels are realistic, assuming TRB reaches a market cap of $2 billion, which depends on its ongoing development and adoption.
💡 BTC Pair Insight
On the TRB/BTC pair, the coin has formed a green candle after bouncing from the 0.000723 support level.
The good news is that TRB consolidated during its downtrend rather than continuously falling.
After breaking 0.001215, a significant upward trend can begin , RSI breaking 50.80 would provide additional momentum confirmation.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Now Funding Rates Have Fixed, Where Were We?Now that BTC USDT funding rates have fixed, where were we?
Bitcoin's funding rate normalization is a positive signal for market stability, often indicating that extreme sentiment (either bullish or bearish) is cooling off. This creates a more balanced environment for the next major move.
Resistance and the 110K Target
If the key resistance level you are watching breaks, the idea of a path to $110K becomes plausible under certain conditions:
Momentum Confirmation: A strong breakout above the resistance with high volume and no immediate rejection is crucial.
Market Sentiment: If the broader sentiment shifts positively, it could drive significant buying pressure.
Macro Factors: Bitcoin's trajectory could be influenced by external factors like macroeconomic data, institutional adoption, or regulatory clarity.
See how Latest BTC Analyzes hit TP
Latest Bitcoin Analyzes
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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Bitcoin Going to Zero ? The End of Bitcoin ?Before you all feel any trauma or alarm from the title, I urge you to stay calm and read this idea carefully to understand the broader perspective.
History of Bitcoin: The Rise of Decentralization
Bitcoin's journey began in 2008, when an anonymous figure under the pseudonym Satoshi Nakamoto introduced it through a white paper titled Bitcoin: A Peer-to-Peer Electronic Cash System. Nakamoto’s vision was to create a decentralized currency, free from government or central bank control, using blockchain technology. The first block, called the genesis block, was mined in January 2009, marking the birth of Bitcoin.
Despite Nakamoto's critical role in Bitcoin's inception, his true identity remains a mystery, leading to much speculation over the years. Some have theorized that he could be a single individual, while others suggest that Nakamoto could be a group of people or even a government agency. After releasing the software and participating in the early days of the network, Nakamoto gradually withdrew from public involvement, leaving the Bitcoin community to grow independently. This disappearance into the shadows has only added to the intrigue and mystique surrounding the cryptocurrency's origins.
While Nakamoto remains a key figure in Bitcoin's history, he has remained silent since 2011, with no clear explanation as to why he stepped back.
1. BIS: The Puppet Master of Global Finance
The Bank for International Settlements (BIS) is often referred to as the "central bank of central banks" due to its unique role in fostering international monetary and financial cooperation. Established in 1930, it serves as an umbrella organization for central banks worldwide, providing a platform for collaboration and offering banking services to them. The BIS is headquartered in Basel, Switzerland, and its primary objectives are to promote financial stability, monitor economic trends, and facilitate communication between global central banks, such as the Federal Reserve, European Central Bank, and others.
Over time, the BIS has played a crucial role in shaping global monetary policies, overseeing financial markets, and fostering agreements between the world's leading financial institutions. It is instrumental in setting regulatory standards and guidelines that many countries' central banks follow. This level of control and influence positions the BIS at the centre of international financial governance, which is critical when discussing the future of currencies, including Bitcoin and the potential shift to Central Bank Digital Currencies (CBDCs).
As a body that influences the direction of global banking, the BIS has been actively involved in discussing and exploring the future of digital currencies. Given the growing interest in decentralized cryptocurrencies, such as Bitcoin, the BIS has expressed concerns over the stability of decentralized systems and has advocated for centralized digital currencies to ensure that monetary policy can remain under control, furthering the possibility of a CBDC rollout in the future.
3. Why Bitcoin’s Fall to Zero Could Be a Strategic Move
Now, with global economies struggling under record-high debt levels, central banks might see Bitcoin as a bubble ready to pop. The BIS could leverage its influence to push for a CBDC revolution, positioning these centralized digital currencies as “safer” and more reliable alternatives to Bitcoin. By orchestrating a dramatic collapse in Bitcoin, the narrative could shift, convincing the public that decentralized currencies are unstable and unsustainable.
CBDCs are fundamentally different from Bitcoin:
- Fully controlled by central banks.
- Allow tracking and surveillance of every transaction.
- Provide central banks the ability to impose negative interest rates or freeze funds.
This shift would mark a return to centralized control, with individuals losing the financial freedom Bitcoin promised.
4. Was This the Plan All Along?
It’s not far-fetched to believe that Bitcoin’s rise and fall have been part of a larger test. During the pandemic, Bitcoin surged on the back of mass media promotions and institutional FOMO. Billionaires like Elon Musk promoted Dogecoin and Bitcoin, fuelling speculative buying. Yet, when the dust settled, the same institutions that promoted Bitcoin quietly accumulated it during crashes.
With Bitcoin at $100,000 now, the euphoric belief in its unstoppable rise mirrors past market bubbles. Could this be the final phase of Bitcoin’s journey before an engineered collapse leads to the introduction of CBDCs as the “solution”?
5. What’s Next?
If Bitcoin does crash to zero, it will be a defining moment for cryptocurrencies and global finance. CBDCs would emerge as the dominant narrative, backed by the BIS and central banks, with promises of stability, security, and control. However, it would come at the cost of financial freedom and decentralization.
Disclaimer:
The post explores possibilities based on historical trends, institutional behaviours, and emerging global financial strategies. While I am not claiming that Bitcoin will inevitably fall to zero, we cannot ignore the potential for this to occur, especially as major players like the Bank for International Settlements (BIS) push for a centralized currency system under the guise of Central Bank Digital Currencies (CBDCs).
The BIS, as the central bank of central banks, is focused on pushing for a centralized, controlled financial system, and this has implications for decentralized systems like Bitcoin. They are aiming to promote their agenda of centralization, and in doing so, they seek to control the masses through monetary power, which is in direct opposition to the fundamental principles behind Bitcoin’s decentralized nature.
This is not final financial advice, nor am I claiming Bitcoin will necessarily collapse to zero. However, the possibility cannot be ignored, especially when considering the global financial forces at play. I urge you to think critically and keep an open mind regarding these dynamics. What we are witnessing may just be the beginning of a new chapter in the future of money and its control. Let’s keep a close eye on how this unfolds.
What Do You Think? Could Bitcoin's journey be part of a larger plan to usher in CBDCs? Are we witnessing the twilight of decentralized finance? Share your thoughts and perspectives below, and share this to make people aware :)
Could Bitcoin Fall to Zero ? A Closer Look at CBDCs.Bitcoin's journey began in 2008, when an anonymous figure under the pseudonym Satoshi Nakamoto introduced it through a white paper titled Bitcoin: A Peer-to-Peer Electronic Cash System. Nakamoto’s vision was to create a decentralized currency, free from government or central bank control, using blockchain technology. The first block, called the genesis block, was mined in January 2009, marking the birth of Bitcoin.
Despite Nakamoto's critical role in Bitcoin's inception, his true identity remains a mystery, leading to much speculation over the years. Some have theorized that he could be a single individual, while others suggest that Nakamoto could be a group of people or even a government agency. After releasing the software and participating in the early days of the network, Nakamoto gradually withdrew from public involvement, leaving the Bitcoin community to grow independently. This disappearance into the shadows has only added to the intrigue and mystique surrounding the cryptocurrency's origins.
While Nakamoto remains a key figure in Bitcoin's history, he has remained silent since 2011, with no clear explanation as to why he stepped back.
1. BIS: The Puppet Master of Global Finance
The Bank for International Settlements (BIS) is often referred to as the "central bank of central banks" due to its unique role in fostering international monetary and financial cooperation. Established in 1930, it serves as an umbrella organization for central banks worldwide, providing a platform for collaboration and offering banking services to them. The BIS is headquartered in Basel, Switzerland, and its primary objectives are to promote financial stability, monitor economic trends, and facilitate communication between global central banks, such as the Federal Reserve, European Central Bank, and others.
Over time, the BIS has played a crucial role in shaping global monetary policies, overseeing financial markets, and fostering agreements between the world's leading financial institutions. It is instrumental in setting regulatory standards and guidelines that many countries' central banks follow. This level of control and influence positions the BIS at the centre of international financial governance, which is critical when discussing the future of currencies, including Bitcoin and the potential shift to Central Bank Digital Currencies (CBDCs).
As a body that influences the direction of global banking, the BIS has been actively involved in discussing and exploring the future of digital currencies. Given the growing interest in decentralized cryptocurrencies, such as Bitcoin, the BIS has expressed concerns over the stability of decentralized systems and has advocated for centralized digital currencies to ensure that monetary policy can remain under control, furthering the possibility of a CBDC rollout in the future.
3. Why Bitcoin’s Fall to Zero Could Be a Strategic Move
Now, with global economies struggling under record-high debt levels, central banks might see Bitcoin as a bubble ready to pop. The BIS could leverage its influence to push for a CBDC revolution, positioning these centralized digital currencies as “safer” and more reliable alternatives to Bitcoin. By orchestrating a dramatic collapse in Bitcoin, the narrative could shift, convincing the public that decentralized currencies are unstable and unsustainable.
CBDCs are fundamentally different from Bitcoin:
- Fully controlled by central banks.
- Allow tracking and surveillance of every transaction.
- Provide central banks the ability to impose negative interest rates or freeze funds.
This shift would mark a return to centralized control, with individuals losing the financial freedom Bitcoin promised.
4. Was This the Plan All Along?
It’s not far-fetched to believe that Bitcoin’s rise and fall have been part of a larger test. During the pandemic, Bitcoin surged on the back of mass media promotions and institutional FOMO. Billionaires like Elon Musk promoted Dogecoin and Bitcoin, fuelling speculative buying. Yet, when the dust settled, the same institutions that promoted Bitcoin quietly accumulated it during crashes.
With Bitcoin at $100,000 now, the euphoric belief in its unstoppable rise mirrors past market bubbles. Could this be the final phase of Bitcoin’s journey before an engineered collapse leads to the introduction of CBDCs as the “solution”?
5. What’s Next?
If Bitcoin does crash to zero, it will be a defining moment for cryptocurrencies and global finance. CBDCs would emerge as the dominant narrative, backed by the BIS and central banks, with promises of stability, security, and control. However, it would come at the cost of financial freedom and decentralization.
Disclaimer:
The post explores possibilities based on historical trends, institutional behaviours, and emerging global financial strategies. While I am not claiming that Bitcoin will inevitably fall to zero, we cannot ignore the potential for this to occur, especially as major players like the Bank for International Settlements (BIS) push for a centralized currency system under the guise of Central Bank Digital Currencies (CBDCs).
The BIS, as the central bank of central banks, is focused on pushing for a centralized, controlled financial system, and this has implications for decentralized systems like Bitcoin. They are aiming to promote their agenda of centralization, and in doing so, they seek to control the masses through monetary power, which is in direct opposition to the fundamental principles behind Bitcoin’s decentralized nature.
This is not final financial advice, nor am I claiming Bitcoin will necessarily collapse to zero. However, the possibility cannot be ignored, especially when considering the global financial forces at play. I urge you to think critically and keep an open mind regarding these dynamics. What we are witnessing may just be the beginning of a new chapter in the future of money and its control. Let’s keep a close eye on how this unfolds.
What Do You Think? Could Bitcoin's journey be part of a larger plan to usher in CBDCs? Are we witnessing the twilight of decentralized finance? Share your thoughts and perspectives below, and share this to make people aware :)
Bitcoin Pushed Past $100kMarket Update - December 6, 2024
Bitcoin breaks contain: The price of bitcoin surged past the $100,000 mark on Wednesday night, setting off celebrations within the digital asset ecosystem.
XRP surpasses Tether’s USDT to claim the third spot in market cap: A new regulatory regime in the United States has boosted the coin’s prospects.
Trump chooses crypto advocate for next SEC chair: President-elect Donald Trump has selected Paul Atkins, a long-time crypto industry advocate, to lead the Securities and Exchange Commission.
Alex Mashinsky pleaded guilty to fraud related to Celsius’ collapse: Facing up to 30 years in prison, his plea represents a broader reckoning after the 2022 crypto winter.
DMM Bitcoin will cease operations after a $305M hack, transferring accounts and assets to SBI VC Trade next year: The hack, linked to suspected Lazarus Group activity, caused widespread service disruptions and financial losses.
Bitcoin Surges Past $100K Mark As Momentum Continues
The price of bitcoin surged past $100,000 on Wednesday night, breaking through significant selling resistance to reach an all-time high around $104,000 before dipping back below $100,000 Thursday afternoon. Still, the price of bitcoin has risen nearly 50% over the past 30 days, driven by steady spot bitcoin ETF inflows, continued buying from Michael Saylor’s MicroStrategy, and anticipation of a crypto-friendly administration from president-elect Donald Trump.
Bitcoin’s push past $100,000 set off a series of celebrations in the crypto community and served as a victory lap for bulls that endured a 2022 crypto winter that saw the price of bitcoin drop below $17,000. Now just two years later, traditional financial actors have increasingly embraced crypto, with analysts setting a $120,000 near-term price target. Analysts at Bernstein said the price could reach $200,000 by the end of 2025.
During an interview at the DealBook Summit on Wednesday, Federal Reserve chair Jerome Powell added more legitimacy to the asset class by comparing it to digital gold. The market price of bitcoin measured in gold has hit 39 ounces, an all-time high.
“It’s just like gold, only it’s virtual, it’s digital,” Powell said. “ People are not using it as a form of payment or as a store of value. It’s highly volatile. It’s not a competitor for the dollar, it’s really a competitor for gold.”
➕Topic of the Week: Polymarket: A Decentralized Prediction Market
🫱 Read more here
My Idea on the top for Bitcoin (NFA)Hello Tradingview community!
This is only an idea (NFA DYOR)
I won't make this description long as I usually do..
this chart im sharing is more for my "personal" view
so why am I sharing it? Well I want to give ideas for everyone to see pretty much.
I have measured all previous cycles and done a ton of research and come to the
conclusion 160-180k looks the most likely for our "top" this cycle
Both with % gains but also timeframe.
Its fine to disagree, we shall see close to end of 2025 if I was correct or not.
Have a lovely day!
Bitcoin Plummet Back to $97K After Surging Pass $100kThe cryptocurrency market witnessed turbulent activity as Bitcoin ( CRYPTOCAP:BTC ) faced a significant flash crash, exacerbated by Mt. Gox’s recent transfer of 3,620 BTC. Combined with over $1 billion in liquidations and strategic market movements, these events painted a complex picture for the world's largest cryptocurrency.
Mt. Gox: The Catalyst of Market Jitters
Bankrupt crypto exchange Mt. Gox has once again entered the limelight by transferring 3,620 BTC worth millions to two undisclosed wallets. According to Arkham Intelligence, these transactions—3,493 BTC to wallet address 1MAXy6…Ez3NQ9 and 126.577 BTC to bc1qkf…ffm7sf—sparked speculations of creditor reimbursements.
While the transfers might prepare the groundwork for creditors to reclaim their funds, they introduce a looming threat of heightened selling pressure, causing widespread concerns in the crypto space. This move follows a recent transfer of 24,000 BTC by the same exchange, intensifying market apprehension.
Technical Outlook:
Bitcoin’s price dropped to an intraday low of $87,859 before rebounding to near $98,000, following a broader market crash that wiped out over $1 billion in positions.
Key levels to watch include:
- Resistance: $100,000 psychological barrier.
- Support: $94,800 and $92,500, critical to sustaining bullish momentum.
The abrupt dip can be attributed to the liquidation frenzy and external triggers such as Meitu's sale of 940 BTC and 31,000 ETH, which realized $80 million in profits.
BTC's Resilience
Despite recent volatility, Bitcoin’s fundamentals remain robust:
Market Cap: $1.93 trillion, with potential to breach $2 trillion by 2025.
Trading Volume: $159.5 billion in the past 24 hours, bolstered by Binance and other major exchanges.
Key Developments Supporting Long-Term Growth
Bitcoin’s resilience and adoption have been fueled by continuous upgrades enhancing its network security, scalability, and decentralization.
Broader Sentiment: Mixed Yet Optimistic
Despite recent hurdles, bullish sentiment prevails among investors. Marathon Digital’s $850 million convertible note offering for BTC purchases signifies institutional confidence in Bitcoin's long-term potential.
However, the interplay between Mt. Gox’s creditor payouts, liquidation volumes, and evolving market conditions requires vigilant observation.
Conclusion
Bitcoin's journey remains a rollercoaster, shaped by historical milestones and ongoing market dynamics. While the short-term outlook might be turbulent, its robust fundamentals, coupled with consistent upgrades and institutional interest, fortify Bitcoin's position as a leading digital asset poised for a promising future.
As the year closes, market participants should remain cautious, leveraging informed strategies to navigate potential volatility while staying optimistic about Bitcoin's long-term trajectory.
BITCOIN on weekly timeframehello dear trader and investors
This is my personal opinion about Bitcoin... The price has engulfed the previous high and formed the QM pattern in the weekly time frame...
In my opinion, the next target can be made from the combination of RTM price action and harmonic patterns( ab=cd ) came to this conclusion...
Considering the difficulty of the network and having , I think it is very good to buy bitcoin in several steps..
good luck
BITCOIN $250K - Get Ready to Get RichHello everyone!
Today, I’m excited to dive into my latest analysis of the Bitcoin cycle, showcased through a weekly view chart that breaks away from conventional wisdom. Rather than adhering to the often-disputed parabolic curves that have been a staple in crypto charts since 2017—curves which have consistently either underperformed or overshot the mark—I'm bringing something different.
My analysis is based on a trend line that I've meticulously tracked since 2013. This line has proven incredibly resilient, never once being undercut as of now in 2024. This steadfast pattern leads me to an ambitious yet attainable target: Bitcoin reaching USD 250,000. This projection suggests more than a doubling from our current position within this cycle’s parabolic phase.
Interestingly, the duration of these parabolic phases has been extending with each cycle:
427 days in 2013,
525 days in 2017,
567 days in 2021.
Based on this pattern, I anticipate the current cycle will span approximately 600 days, concluding around the end of 2025.
I’d love to hear your thoughts and predictions. Where do you see Bitcoin heading in this cycle? Let’s discuss below!
BTC Update 2024-12-6The Most Predictable Targets maybe faced as picture
Note : Personal ideas are NOT enough to trade
BTC Parallel Channel in Daily ChartOn the BTCUSD daily chart, we can observe that Bitcoin's price has been oscillating within a well-defined parallel channel. The upper trend line acts as resistance, while the lower trend line serves as support. This channel has been respected multiple times, making it a reliable indicator for future price movements.
Key Observations :
Resistance and Support :
The upper trend line has consistently acted as a resistance level, limiting the upward movement of BTC.
The lower trend line has provided strong support, preventing significant downward breakouts.
Price Action:
The price has touched the upper trend line many times, indicating a strong resistance level.
Similarly, the lower trend line has been tested few times, confirming its role as a robust support level.
Potential Breakout :
A breakout above the upper trend line could signal a bullish trend continuation, leading to higher price levels.
Conversely, a breakdown below the lower trend line might indicate a bearish trend reversal, resulting in lower price levels.
Technical Indicators:
To complement the parallel channel analysis, I have included the following technical indicators:
50-Day Moving Average (50 DMA): Provides a smoothed trend direction.
200-Day Moving Average (200 DMA): Indicates long-term trend direction and potential reversal points.
RSI (Relative Strength Index): Indicates overbought or oversold conditions.
Conclusion:
The parallel channel on the BTC daily chart provides valuable insights into potential price movements. Traders should watch for a breakout above the upper trend line for a bullish signal or a breakdown below the lower trend line for a bearish signal. Additionally, keeping an eye on the included technical indicators can help confirm these signals and enhance trading decisions.
Disclaimer : The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
Unpopular opinion; BTC at 100kShort and sweet; Btc is quite a bit oversold on the weekly rsi, and looks like it might be forming a bearish divergence. Price has hit the 1.618 reverse fib retracement. BTC hasn't traded above the red trend line, stretching back to the highs of 2017. Sad as it might be to say, we are at or very near the end of this run.
Bitcoin Hits $100K: What Does It Mean for Gold?Bitcoin’s historic surge past $100K has reignited debates about its role in the financial world. Fed Chair Jerome Powell weighed in, calling Bitcoin a "speculative asset," likening it to virtual gold rather than a competitor to the dollar:
"It's highly volatile, not a store of value or form of payment. It's really a competitor for gold."
With Bitcoin soaring, many are asking: Could this mark the beginning of a stronger correlation between Bitcoin and gold, or are they destined to move on separate paths?
Gold Faces Its Own Test
While Bitcoin grabs the headlines, gold prices slipped below $2,630 per ounce, pressured by firming U.S. Treasury yields. Benchmark 10-year yields rose 0.6%, as markets anticipate today’s U.S. Non-Farm Payrolls (NFP) report, expected to show 200,000 new jobs. A weaker report could lift gold, especially as traders assign a 74% chance of a 25-basis-point Fed rate cut in December.
Fed Chair Jerome Powell has emphasized caution, acknowledged the economy’s resilience but signaling a careful approach to rate cuts. Gold, often a winner in low-rate environments, now finds itself at a critical juncture.
Our Trading Plan for Gold
Key levels to watch as we await the NFP report:
$2,630: Monitor for price reactions to this recent support.
$2,537–$2,530: Look for potential opportunities at this deeper support range.
The Bigger Picture
As Bitcoin claims new highs and challenges gold’s status as a store of value, gold continues to be swayed by macroeconomic forces. Will gold bounce back, or is it preparing for further dips as Bitcoin surges?
Let us know your thoughts—will Bitcoin and gold align as Powell suggests, or will their paths diverge further?
For more in-depth gold analysis and updates, stay tuned. And as always, happy trading!
