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Btcusdanalysis

Bitcoin Set for Explosive Breakout? Bitcoin Set for Explosive Breakout? Key Levels and Fibonacci Circles Point to $88K! Looking at the current Bitcoin chart, the price is positioned close to the 200-day EMA, and the Fibonacci circles seem to be indicating a potential pivotal movement. We've recently completed a corrective wave (C) in the Elliott Wave cycle, and we’re likely entering Wave 1 of the next bullish cycle. If this wave progresses positively as expected, we could see a break back above the 200-day EMA. Historically, once Bitcoin finds support above this key level, the price action tends to be explosive. A return to $70k, which represents the top of the horizontal triangle, is within sight. Additionally, the measured move from this triangle suggests a target as high as $84.5k. Supporting this view, the 1.618 Fibonacci extension level, derived from the recent high of around $74k and low of about $49.8k, projects a potential upside near $88k. If the price follows its typical trajectory and the Fibonacci circles align, next week could see significant bullish momentum for Bitcoin. The intersection of these technical factors creates an exciting outlook for a possible breakthrough into higher levels.
BITSTAMP:BTCUSDLong
by Calzolaio
BITCOIN BLUEPRINT 2.0 - MACRO MATRIXThis is a refined / updated version of my old 'BITCOIN BLUEPRINT' Macro Matrix. I struggle with finding the right display format for the charts on publishing tradingview ideas. Here is the chart organised so everything is visible. We are now seeing bitcoin story develop from its negative bias, into a positive one. ETFs have now been approved, aswell as other crypto ETFs. We are 150days post halvening, coming to a potential end for this period and start to move up into the upper Powerlaw band (Red). The important note is to realise we have 365days+ of Bull Run ahead of us. Anywhere around Mid Sept 2025 could potentially signal a Peak in Price, which precedes approx 1year in declining price actin (Bear Drop). All time highs & Lows by Cycle: CYCLE 1: Bull High = $31.50 / Bear Low = $1.85 CYCLE 2 : Bull High = $1140 / Bear Low = $145.5 CYCLE 3 : Bull high = $19170 / Bear Low = $3148 CYCLE 4 : Bull high = $68944 / Bear Low = $15495 --------------------------------------------------- Potential Forecasted Targets: CYCLE 5 : Bull High = $300000 - $325000 Bear Low = $58000 - $65000 CYCLE 6: Bull High = $1000000 - 1150000 Bear Low = $300000 - $325000 --------------------------------------------------- *Note - This is not financial advice, just finding from my own analysis work. The future targets based on forcasts will become more clear once previous cycles have completed. Therefore its best to focus on the next cycle, rather than jumping ahead one cycle. Seeing MIL:1M in CYCLE 6 is exciting! ------------------------------------------------- CONTEXT: As noted prior - we are seeing dveelopments in the BTC space. Most notably, the programability of BTC. With projects such as Fractal Bitcoin, TAPROOT, RUNES, BRC20, CAT20, OPNET, OPCAT and many many others paves the way for a fresh narrative other than digital gold.
BNC:BLX
by TraderE9
BTC Bitcoin Chart PredictionIf you haven`t sold the BTC top: Now you need to know that the summer decline in Bitcoin's price, despite multiple ETF filings, can largely be attributed to the massive selling pressure from several key sources like Mt. Gox, Silk Road, FTX, and Germany. This influx of supply overwhelmed the market, and there simply wasn't enough demand to absorb it. I think that the purpose of these ETFs is likely to stabilize Bitcoin rather than drive its price up dramatically. They're designed to bring more legitimacy and structure to the market. As for the technical outlook, the current formation of a falling wedge could indicate a short-term price increase. However, the expected retracement suggests that any near-term rally might be temporary. Longer term, I think Bitcoin has the potential to break higher, especially with more regulatory clarity and broader adoption. Reaching $80K by the end of the year seems possible, but a lot will depend on macroeconomic factors and the broader risk appetite in the crypto space.
by TopgOptions
BTC, When should we expect reversal? FA: The majority of crypto market participants are currently in a depressed mood regarding the medium-term future of the crypto market as a whole. Such behavior of the crowd says first of all that weak hands are not ready to buy now, and the sawtooth movement, which started since March and has lasted for more than 6 months, puts even experienced participants in a stupor, forcing them to close speculative positions, dump risky assets and expect a further decline comparable to the collapse in the spring of 2020. However, a deeper look reveals several significant trends: A drop in the influx of new bitcoins to exchanges. Since the beginning of the year, the number of new coins entering exchanges has been declining. This indicates that professional investors prefer to keep their assets in their wallets, which means they are not preparing to sell. This factor is traditionally considered to be a bullish sign, as a decrease in supply on exchanges may contribute to price growth in case of renewed buying activity. Increased outflow of bitcoins from exchanges. This sign is also positive and confirms the narrative of asset accumulation by smart capital. It can be seen especially well at the moment of price drawdown: during and after aggressive shakeouts, a surge in coin outflows is clearly visible. Despite the globally passive sentiment, the fundamentals of exchange inflow/outflow suggest that strong hands continue to accumulate while the crowd is perplexed by what is happening. Reduced supply on the exchanges and increased demand from large holdings are creating all the conditions for future price gains, our idea is that the market has been in a reaccumulative phase for the past six months. From a technical analysis standpoint , I anticipate a continued downside for BTC. Two potential scenarios may unfold: 1 - Retest of the 4-hour Order Block (OB): BTC could test the 52,000-54,000 range, followed by a gradual reversal, suggesting a more measured recovery. 2 - Retest of the Weekly Fair Value Gap (FVG): Alternatively, BTC may drop to the 47,300-44,000 zone, which could trigger a sharp "V-shaped" reversal with aggressive momentum driving the price higher, potentially towards new all-time highs (ATH). In either case, monitoring key support and resistance levels within these zones will be critical.
Short
by Almenio
#BTCUSD 4HBTCUSD 4H Trading Setup Buy Level: 55,600 Target Level: $66,000 The BTCUSD pair shows a promising upward trajectory on the 4-hour chart. A key buy signal is identified at the level of $55,600. This level represents a strategic entry point, aligning with current technical indicators suggesting strong support and potential for a bullish movement. Once entered, the target level is set at $66,000, where significant resistance is expected. This target reflects a potential gain based on the current market structure and momentum. Key Considerations: Risk Management: Ensure proper stop-loss orders are placed to manage downside risk in case of market fluctuations. Market Conditions: Stay updated on broader market conditions and news that might impact BTCUSD price movements. Technical Indicators: Monitor key technical indicators such as moving averages, RSI, and MACD for any signs of trend reversal or momentum shifts. This setup assumes favorable market conditions and is based on technical analysis; adjustments may be necessary based on evolving market dynamics.
BINANCE:BTCUSDLong
by PIPSFIGHTER
BTCUSDT: IDEA THAT MIGHT RESONATE SOONHello All, Welcome to the quick update of BTCUSDT . We have seen BTC touch the levels of $ 52500 and retrace a bit until $ 58000 but couldn't hold it. We can see it dumping and is currently trading around $56100. The next levels to watch out for are $54700 and $53800 . If this holds, we can see BTC pump again and might make a new high in a few months. Support levels: $54700. $53900, $49600 in the long run. Resistance levels: $58027, $61100, $64000, and $72000 in the long run. Let's wait and see how this pans out. Until then, stay tuned and trade with caution, ensuring strict STOPLOSSES !! This is not financial advice, please do your research before investing, as we are not responsible for any of your losses or profits. Please like, share, and comment on this idea if you liked it. ScramblerG is always there to help and trade with caution but DYOR.
Long
by ScramblerG
BTC likely ends week of sept 15th 2024 under 55kBTC hopefully completes the week under 55k to complete the 20 day corrective wave before starting the bull run up. Also could complete the month under 55k if we are lucky to complete a monthly corrective wave, but the 2 week, weekly, and daily timeframes have completed their corrective waves so it is still possible we wont go under 55k and just go higher here. It just looks more likely to finish the corrective wave this week and then switch to bull.
COINBASE:BTCUSDLong
by spipi26