BTCUSDCRYPTOCAP:BTC #BTC My expectation is that a similar scenario to the one in the chart will play out.
So far, after each halving, we've seen a bull market, but it takes some time for it to happen.
In this part of the cycle, large corrections, painful dips, and boring consolidations are completely normal.
Be patient, stay focused, prepare for the third quarter, and you will be rewarded.
Bitcoinusdt
Bitcoin BTC price global view for next few monthsOn the #Bitcoin chart, you can see a combination of horizontal and dynamic fibo levels.
It took us a long time to see something new....
But here's our summary:
️ ↪️ right now, the #BTCUSDT price is at a critical point. If buyers manage to keep the price above $57000-57300 until Monday, there will be a chance for a good price increase via the blue route 🟦
↩️ fixing the CRYPTOCAP:BTC price below $57000 is the way for a sharp drop in the price to the $49-50k range. There are still many longers whose positions can be liquidated, and their assets can be taken into "stronger hands"
Which scenario do you prefer: ❤️red or 💙blue?
Because in our opinion, the #BTCUSD price should go into a protracted sideways consolidation for the summer of 2024.
In this consolidation, the large capital that entered the cryptocurrency market through BTC ETFs may start flowing into less liquid altcoins, which could lead to local and selective bull runs.
So, in our opinion, the most important task for the coming months is to track which altcoins or sectors of the crypto market capital is flowing into and buy on corrections.
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BTC – Weekly Perspective – 04/21 to 04/28BTC continues its saga. I believe this is a corrective saga. Being corrective, I believe that the end to this saga is the attempt to have a beautiful bullish rally soon. The FED could help with this "rally". What a thing, right?
Monthly bias there is no change in strength, therefore the SETUP used still points to the bulls in the direction of this chart time.
On the weekly basis, as I have been saying for some time, we are within a corrective bearish pivot. In principle, everything was normal.
When faced with the daily bias, we have the situation in the image below, a bullish pivot, but with an arduous mission, to overcome the 68.4K region to continue with its upward trend without forming the C&H pattern. If you are unable to overcome this region, the correction may take place as shown in the image below.
I would like to share a thought of mine with you: "Things should be measured in the long term, but never forget that they start in the short term!
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below
Bitcoin BTC price follows a familiar routeCurrently, crypto market users are divided into two camps:
1️⃣ - to the mooon with the first stop at 100k and 2️⃣ - the beginning of a correction to at least 50k.
Two ultra-radical camps that will find 101 reasons why it should be exactly as they "want and expect" and not otherwise.
On the #BTCUSDT chart, we have copied and displayed the fractal of #Bitcoin price behavior for May-October 2020. That is, how the CRYPTOCAP:BTC price behaved before and after the previous halving.
And this scenario is not bad: the #BTCUSD price is entering a prolonged consolidation phase at range $65,000-73,000 during the summer of 2024.
At this time, the capital of large funds will be able to partially and smoothly flow into crypto projects with a smaller capitalization.
What can this process provoke? That's right - the alt-season
Are you intrigued?) We are waiting for 50 likes and at least 10 comments from you, and then we will supplement the idea with the BTC.Dominance, USDT.D charts and the total crypto market capitalization chart which clearly show how this process can look like.
BTC short term viewBTC / USDT
After the massive drop of market in 13th april
The market turned to be range market with slightly bearish in short term
However in med - long term i still see it very bullish specially after the halving event that occurred 4 days ago
In the coming days/ weeks we can see BTC is testing 60k zone multiple times with some fakouts here and there
However if BTC able to close weekly above recent ATH we will see market turn strong bullish again
Until that we still in this range …
In this range try to avoid overtrading / fomo / panic selling
Long term trades are fine
Short term trades with strict risk management and stoploss are fine too
Best of wishes
Bitcoin post-Halving: Possible ScenariosFor those of you who don't know me, I have two obsessions in life: AI and cryptocurrencies. Not necessarily in this order.
With the BTC Halving, I decided to explore the possible future scenarios—and to analyze the behavior of BTC during the past halvings. Here are some observations—of course, I can be wrong:
𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜𝐚𝐥 𝐏𝐫𝐢𝐜𝐞 𝐌𝐨𝐯𝐞𝐦𝐞𝐧𝐭𝐬:
Post-halving, the price trajectory has shown notable patterns:
• After the first halving in 2012, BTC price skyrocketed by approximately 9,900%, peaking about a year later.
• The second halving in 2016 led to a price increase of about 2,946%, taking 17 months to reach its peak.
• Following the third halving in 2020, the increase was more subdued at around 679%, with the peak occurring 17 months later.
𝐄𝐯𝐨𝐥𝐯𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬:
The form of the price line across these halvings demonstrates a market that is evolving and becoming more resilient.
Each post-halving period shows a gradual slowing down of volatility and price spikes, suggesting an increasing influence of institutional investors who tend to have longer investment horizons and more strategic approaches.
This trend indicates a shift from speculative retail behavior to a more stabilized and mature market.
𝐅𝐮𝐭𝐮𝐫𝐞 𝐏𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐨𝐧𝐬:
In the short run, there should be a correction. This might lead the price of BTC below $60,000. However, it seems that the cycle wasn't complete, and the sideways movement right before the halving was just a short "test" that resulted in a short accumulation phase.
Since the cycle wasn't completed, BTC should at least reach $128,000 in the coming months; however, be aware that the real downfall might still be yet to come!
BTC: Pullback in UptrendTrade setup : Price remains in an Uptrend. It got rejected 2x at $72K level but as long as it stays above GETTEX:64K (prior swing low), its uptrend is intact. We would be buyers near that GETTEX:64K support area, with +15% upside potential back to ATH of $74K. Stop Loss (SL) level at $62.7K. The recent approvals of 10 Bitcoin Spot ETFs are working in BTC’s favor. Wanna know which altcoins will benefit from BTC and ETH rise? Read our research report.
Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is GETTEX:64K then $56K - $59K. The nearest Resistance Zone is $74K, then $79K.
BTCUSDT 917 PIPS LONG ORDER READ DESCRIPTIONBitcoin (BTC) is currently witnessing heightened demand, particularly within the price range of $60,200 to $64,800, indicating a zone where significant institutional investors, commonly referred to as whales, are injecting substantial capital. This influx of large orders suggests a bullish sentiment among these influential investors, which in turn signals confidence in Bitcoin's potential for future growth and adoption.
In recent days, Bitcoin has experienced a downward trend, attributed to the filling of the CME gap area. Such price corrections are a common occurrence in cryptocurrency markets and are driven by market dynamics rather than fundamental shifts in the underlying technology or adoption of Bitcoin.
Bitcoin has solidified its position as one of the most trustworthy cryptocurrencies in the market. With a market capitalization of approximately $1.29 trillion and a total supply capped at 21 million coins, Bitcoin offers scarcity and inherent value, distinguishing it from traditional fiat currencies.
The cryptocurrency's robust trading volume, which has reached $50,627,120,388 in the last 24 hours, underscores its liquidity and active participation in the market. This liquidity is crucial for ensuring efficient price discovery and facilitating large transactions without causing significant price slippage.
A significant event in the recent past was the purchase of 8,000 bitcoins by an anonymous group of whales. Such large-scale acquisitions by influential entities often indicate a strong bullish sentiment for Bitcoin and can serve as a positive signal for other investors in the market.
Technical indicators on the weekly timeframe also suggest a strong buy sentiment for Bitcoin. These indicators, which include moving averages, relative strength index (RSI), and MACD (Moving Average Convergence Divergence), provide insights into market trends and investor sentiment over longer timeframes.
Bitcoin's resilience, scarcity, and institutional interest make it an attractive asset for investors seeking exposure to the cryptocurrency market. Despite short-term price fluctuations, the long-term trajectory for Bitcoin appears favorable, supported by increasing adoption, institutional participation, and a robust network of developers and supporters.
Moreover, Bitcoin's decentralized nature, censorship resistance, and transparent ledger make it an appealing store of value and medium of exchange, especially in regions facing economic instability or currency devaluation.
In recent years, Bitcoin has gained mainstream acceptance as an investable asset, with numerous institutional investors, corporations, and even governments allocating funds to Bitcoin and other cryptocurrencies.
Bitcoin's role as a hedge against inflation and macroeconomic uncertainty has become increasingly recognized, particularly in the wake of unprecedented monetary stimulus measures adopted by central banks worldwide.
The emergence of Bitcoin as a legitimate asset class has led to the development of sophisticated financial products and services, including Bitcoin futures, options, and ETFs (Exchange-Traded Funds), further expanding its accessibility and liquidity.
However, Bitcoin still faces challenges, including regulatory scrutiny, scalability concerns, and environmental criticisms related to its energy consumption.
Efforts to address these challenges are underway, with ongoing research and development focused on improving Bitcoin's scalability, privacy, and sustainability.
Despite these challenges, Bitcoin's decentralized architecture and resilient network continue to attract developers, entrepreneurs, and innovators, driving further advancements in the ecosystem.
Overall, Bitcoin's value proposition as a decentralized, digital currency with a finite supply and global accessibility remains compelling, positioning it as a transformative force in the future of finance and technology.
Bitcoin 120.000$hi guys i was the first saying Bitcoin will go to 120.000$ like 3 years ago or so..
now all the people is saying the same, because ovbiously they have now signals that they use, but, they didnt say this 3 years ago.
In the chart we see a big flag pattern. so te line will be repeated.
even that , we will have a cup handle patern, please see big chart.
nothing more , happy saturNday
BTC 90K is not for away!We have entered the second quarter where markets will make sharp movements.
Determining the ranges beforehand is a master's work and not accurate. However, I think the points I have highlighted in blue have the potential to create a nice range.
After the deviations here, I think the price could suddenly reach 90K. Before this 90K move, maybe we will make deviations in the red boxes and see a retest to the 0.5 point. In this case, I want to build a long position with 3% risk by adding another 1.5% to my position.
Bitcoin Prediction''Here you can see Elliott wave counting on Bitcoin price...
It can be true it the wave count of primary correction of 4th wave be correct and it Bitcoin be in the 5th wave of primary degree...
If the wave count be wrong, I should say that Bitcoin is in the end of B correction or the first of C wave of primary degree and maybe we see Bitcoin falling down....
Let see what will happen...
BTC Channel down Broken upIf we look at 4 hour timeframe, Expanding channel up support able to hold bearish wave,
and BTC already success break channel down. This is a good news for bullish, not only for BTC, but also for all alt coin.
We have 74.055 previous high as target, with maximum target at fibonaci 1.414 at 82.285
If this channel up broken down, we have 59.800 as next fibonacci support to hold bearish movement.
Don't forget to support this idea to get a quick notification of any updates.
Happy trading, May profit be with you.
BTC: Pullback in UptrendTrade setup : Price is in an Uptrend. Price broke above SWB:69K -$70 resistance zone, making yet another new all-time-high (ATH) of $73,780, but failed to hold as investors chose to take some profit. There was also a bearish RSI Divergence as price made a Higher High but RSI made a Lower High, which implies less momentum strength on the most recent upswing. Now we look for the right entry opportunity in Uptrend.
We wait for price to either 1) break back above $70K to signal continuation of uptrend, with +14% upside potential to $79K next, or 2) pull back near GETTEX:59K support for another swing trade entry in Uptrend with +15% upside potential back to $70K.
The approvals of 10 Bitcoin Spot ETFs are working in BTC’s favor. Wanna know which altcoins will benefit from BTC and ETH rise? Read our research report.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $56K - GETTEX:59K , then $50K. The nearest Resistance Zone is SWB:69K - $70K, then $79K.
BTCUSD road to 75K$Bitcoin perform a great bullish with Bullish pennant and Symmertical triangle pattern.
If this pattern broken up, we have 2 target :
$66365 as symmetrical triangle profit projection and
$75508 as Bullish pennant profit projection
If this pattern broken down, we have $57487 - $56029 as fibonacci support to hold bearish movement.
Happy trading, Good luck
BTC: Pullback in UptrendTrade setup : Price is in an Uptrend. First attempt to break above SWB:69K -$70 has failed. That’s an all-time-high (ATH), which is a significant resistance area. Price got very overbought (RSI > 80) and was rejected, pulling back as low as $59K. It’s likely to pause here and consolidate around this area, before resuming its uptrend.
Now we wait for price to either 1) break above $70K to signal continuation of uptrend, with upside to $79K-$80K next, or 2) pull back near $60K support for another swing trade entry in Uptrend. The approvals of 10 Bitcoin Spot ETFs are working in BTC’s favor. Wanna know which altcoins will benefit from BTC and ETH rise? Read our research report.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $56K - GETTEX:59K , then $50K. The nearest Resistance Zone is SWB:69K - $70K, then $79K.