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Bitcoinusdt

I think we're going straight to 80k!Traders, The demand for BTC from these ETFs has been insane. The last I read on this about 2 weeks ago was that ETFs were demanding over 12x what miners could supply. And this is still pre-halving. Add to this the facts that only 24% of BTC remains liquid and there is continued institutional demand in other countries opening up and you can quickly understand from some simple math that Bitcoin is in the beginning stages of a massive supply shock. Even multi-year resistance levels are blown up like they are nothing. I honestly have not seen technicals rekt to the degree they are recently. Fundamentals far outweigh technicals at this point. However, we are still going to chart, observe and denote technicals where they may be of use to support current fundamentals. In this case, I wanted to demonstrate what the technicals are showing more recently. We have here an inverse H&S pattern. Our target ends up being 80k which intersects exactly with another ascending TL I have mapped here. Honestly, I think we could go straight to 80k without any sort of pullback at this point. We did not pullback at our multi-year support/resistance from 2019. If we were going to pullback, that is where we might have done it. Another point of possible pullback is 70k. We're almost there rn and there is no signs that we are going to stop. I think 80k is in the cards and we didn't even get a pullback and retest of our 48k neckline! I am absolutely amazed by this. Then again, I have never really witnessed a supply shock in real time. Stewdamus
INDEX:BTCUSDLong
by stewdamus
Bitcoin Update: The bull market has been startedBitcoin has initiated a robust uptrend since November 2022, with its current trading price nearing its previous all-time high at $61,000. At this critical juncture, two potential scenarios emerge: Bullish Scenario: Bitcoin could breach the $60,000 to $70,000 range, potentially driven by FOMO (Fear of Missing Out), thus bypassing a retest. This trajectory could propel Bitcoin to surpass $100,000, with projected targets ranging between $154,000 to $173,000. Bearish Scenario: Alternatively, Bitcoin may face rejection at its current level, leading to a decline towards support levels at $41,000 and $30,000. This downturn could prompt a retest of the $60,000 level.
by farhadnmd
BTCUSD, Are we going to face 35% Correction ?! (Local View)BTCUSD, Are we going to face 35% Correction ?! (Local View) Let's take a look at local movements on INDEX:BTCUSD . Since last post Bitcoin moved in our favor, reached 38,500$. We have a strong bounce here, which is heading towards upper 40s as long as daily close was above big red candle. There is a probability, that Bitcoin is going to draw lower high which can be anywhere from 38.2 to 61.8 (Golden Pocket) Fib. In confluence we have several magnets at this range. Possible stop losses around 43,500$ Fair Value Gap around 44,500$. Possible liquidations Across top 3 exchanges (Binance, OKX, Bybit) totaling around 4.0 Bln. USD. (This number covers last 30 Days Data) Hence we should take into consideration, that huge amount of liquidity is sitting down in the previous reaccumulation zone. (Suggesting to check out Liquidity Heatmap . Putting link because I am not able to add screenshot.)
 
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 Next I want to mention one weird thread I bumped into on Twitter.
 It’s about HTX (ex Huobi), which is owned by Justin Sun. They turned off their proof-of-reserves system, what hints about their insolvency. Onchain analysis say that they have problems with ETH holdings. Also this is not connected to only HTX, things are being wrong with TUSD and stUSDT (Stacked USDT receipt on TRON Network).

For further details about this event please read thread from adamscochran on twitter . Hence there was around 600 Mln. USDT transfer to JustlandDao yesterday. In the end, I want to mention, that there is no 100% accurate analysis. We are dealing with probabilities, just with analysis we are shifting probabilities to our favor. Best Wishes.
CRYPTO:BTCUSDShort
by Zazuna
BTC: Approaching ResistanceTrade setup : Price is in an Uptrend. Price broke back above $45K to signal resumption of an Uptrend and is approaching our near-term target of $50K. Now we wait for price to either 1) break above $50K to signal continuation of uptrend, or 2) pull back near $45K support for a swing entry in Uptrend with upside potential back to $50K. The approvals of 10 Bitcoin Spot ETFs may finally be 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 (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $45K (previous resistance), then $40.5K. The nearest Resistance Zone is $50K.
Long
by altFINS
BTC Drop loadingI wasn't expecting the price to rise so much, but doesn't matter. As we has seen lot of times, it's squeezing some shorts. And as always, the higher the squeeze, the deeper the drop. I don't think it will broke above previous high (but i can be wrong), but what is sure is that is going to drop soon. It's clearly a bull trap, and it can go up a bit more before dropping. 41k is my main target, and invalidation will be clean break above 49k. Most important, don't long now.
Short
by SaliJournal
TheKing Summer Time- Okay, so TheKing dipped around -20%. - For some peoples it could means panic and the end of cryptos. - For Veterans those kinds of "mini crash" are very commons. - We saw already harder moves in 2019 ( White Circle ) - Now those corrections are more large simply because BTC price is higher. - Actually the situation still looking much more better than 2019-20 ( Covid ) -------------------------------------------------------------------------------------------- - i used only ichimoku on weekly Timeframe to make this analyze. -------------------------------------------------------------------------------------------- - Like always everything is in graph. - Basically BTC got a first big resistance around 32k$. ( Flat Cloud ). - Next potential resistances are around 43k$ and 48k$. ( Flat Cloud ). - For now BTC bounced on Kijun and found a support around 25k$. - The price is staying inside the cloud so it just means for now " indecision ". - Kijun Line ( Red ) is starting to make a flat around 25k$, it could mean " Build Support ". - on Weekly TF, ichimoku cloud crossed bullish. - So to get more bearish movements we need 2 confirmations at least : 1 : BTC have to dip under the red cloud. 2 : Tenkan and Kijun have to death cross ( Kijun (red line) have to go on top ). So for now, nothing is predicting a new low but time will speak. Happy Tr4Ding!
COINBASE:BTCUSD
by thecryer
4
BTC: Approaching SupportTrade setup : Trends are mixed. Price made a lower low, which disrupted the Uptrend. Following the approval of 10 Bitcoin Spot ETFs, price broke above $45K, spiked up 9% to FWB:49K where it got rejected as traders began to take profits. Price has pulled back on “sell the news” effect to $38K - 40.5K support zone, giving us another opportunity for swing entry, with 12-25% upside potential near-term to $45K or $50K. Stop Loss (SL) level at $37K (just below support). Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $40.5K, which it broke, then $38K. The nearest Resistance Zone is $45K, then $50K.
Long
by altFINS
1
BTC WEEKLY - Target Zones to WATCH👀📉Hi Traders, Investors and Speculators of Charts📈 BTC is approaching the halving, during which the price usually fluctuates wildly as volatility and volume show up. For any given dip, I don't expect us to break the white diagonal trendline (which validates higher lows). When the price trades in a tight range, it's helpful to follow the classic rule of "buy on support and sell at resistance". If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck
by CryptoCheck-
BTC: Pullback in UptrendBitcoin (BTC) technical analysis: Trade setup : BTC remains in an Uptrend. Following the approval of 10 Bitcoin Spot ETFs, price broke above $45K, spiked up 9% to FWB:49K where it got rejected. Price has pulled back on “sell the news” effect to $40.5K support, giving us another opportunity for swing entry in Uptrend, with 12-25% upside potential near-term to $45K or $50K. Stop Loss (SL) level at FWB:39K (just below support). 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 Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $40.5K, then $38K. The nearest Resistance Zone is $45K, then $50K.
Long
by altFINS