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Bitcoin Surpasses $35K Amid ETF ExpectationsBitcoin has experienced a significant surge in both institutional and retail investor activity, stabilizing around $34,000 after reaching its highest value since May 2022, surpassing $35,000. This marks a substantial 107% increase since the beginning of the year, driven by anticipations regarding the launch of exchange-traded funds (ETFs) and rising safe-haven demand. Last week, Bitcoin transactions exceeded $100,000, often associated with 'whale' investors, reaching the year's high of $23,400. According to data from IntoTheBlock, this uptick coincided with Blackrock's (NYSE: BLK) ETF registration filing, likely fueling increased interest in Bitcoin among large investors and institutions. The U.S. Securities and Exchange Commission (SEC) plans to approve several spot ETFs next year. This development has the potential to propel Bitcoin's market value to $42,000 or even higher. Meanwhile, data from Deutsche Digital Assets indicates a growing trend in retail investor activity. The on-chain activity index for small entities reached a new yearly high of 1.5 last week, indicating increasing participation from small investors.
BITSTAMP:BTCUSD
by Gwen_Humuna
BTC Market Update: Raging On, but a Pullback May Be SoonWhile Bitcoin continues to showcase its unstoppable bullish momentum, it's important to keep an eye on the weekly Relative Strength Index (RSI) indicator. As you may know, RSI is a widely-used technical analysis tool that helps identify overbought and oversold conditions in an asset. Currently, the weekly RSI for BTC has reached 70, a level that historically indicates overbought territory. This suggests that while the market sentiment remains overwhelmingly positive, a potential pullback could be on the horizon. However, don't let this news dampen your enthusiasm! Bitcoin has proven time and again its ability to surprise us with its resilience and ability to defy expectations. This is why I encourage you to consider a long position on BTC, taking advantage of the current market trend. Nevertheless, it's crucial to exercise caution and be prepared for a potential pullback in the near future. As experienced traders, you understand the importance of timing and risk management. By being aware of the RSI hitting 70, you can plan your trades accordingly and potentially capitalize on any price corrections that may occur. In conclusion, the Bitcoin market continues to offer tremendous opportunities for profit. By going long on BTC while keeping an eye on the weekly RSI hitting 70, you can position yourself strategically and maximize your gains. Remember, successful trading is all about staying informed and adapting to market conditions! Wishing you profitable trades and a conservatively happy trading journey!
BITSTAMP:BTCUSDLong
by bryandowningqln
Bitcoin Surpasses $35K Amid ETF ExpectationsBitcoin has experienced a significant surge in both institutional and retail investor activity, stabilizing around $34,000 after reaching its highest value since May 2022, surpassing $35,000. This marks a substantial 107% increase since the beginning of the year, driven by anticipations regarding the launch of exchange-traded funds (ETFs) and rising safe-haven demand. Last week, Bitcoin transactions exceeded $100,000, often associated with 'whale' investors, reaching the year's high of $23,400. According to data from IntoTheBlock, this uptick coincided with Blackrock's (NYSE: BLK) ETF registration filing, likely fueling increased interest in Bitcoin among large investors and institutions. The U.S. Securities and Exchange Commission (SEC) plans to approve several spot ETFs next year. This development has the potential to propel Bitcoin's market value to $42,000 or even higher. Meanwhile, data from Deutsche Digital Assets indicates a growing trend in retail investor activity. The on-chain activity index for small entities reached a new yearly high of 1.5 last week, indicating increasing participation from small investors. This upswing in both institutional and retail investor involvement underscores the escalating interest in Bitcoin as it continues its upward trajectory. The anticipated approval of several spot ETFs next year could further stimulate this activity and potentially drive Bitcoin's market value to new heights.
BITSTAMP:BTCUSD
by Gwen_Humuna
BTCUSD:Bitcoin has soared nearly 27% this month, marking its bi Furthermore, many altcoins are following BTC according to data provider ByteTree’s Market Width Index. This indicator measures the number of digital assets increasing compared to the decreasing number of coins. Powered by CryptoCompare, the Market Width Index collects real-time data for over 5,300 digital currencies and categorizes tokens according to their trends on a scale of 1 to 5. A value of 5 means the coin is in a strong upward trend, and 0 means the coin is in a strong upward trend. A coin that is in a strong uptrend is in a strong downtrend. At the time of writing, only 4.7% of tokens are showing a significant bearish trend, the lowest level since January. This shows that the market breadth is expanding and more coins are participating in the Bitcoin bull market.
CRYPTO:BTCUSDLong
by Chart_MasterPro
BTC Show Wedges Galore: A Strong Bullish Signal for Traders BTC is showing wedges galore, and it's a strong bullish signal we simply cannot overlook! As seasoned traders, we understand the significance of recognizing patterns and signals that can potentially guide our trading decisions. Wedge patterns have long been regarded as powerful indicators of future price movements, and the current scenario in the BTC market is no exception. The formation of multiple wedges in recent weeks has caught the attention of analysts and experts alike, suggesting a promising upward trajectory for our beloved Bitcoin. Let's delve into the details of this remarkable phenomenon. Wedges, characterized by converging trend lines that move in opposite directions, signify a period of consolidation and potential accumulation before a breakout. In the context of BTC, these wedges are forming at various timeframes, indicating a strong bullish sentiment prevailing in the market. This pattern suggests that buyers are gradually gaining control and accumulating BTC, setting the stage for an imminent upward movement. Now, you may wonder why this information is crucial and how it can benefit us as traders. Well, the answer lies in the potential profits we can seize by taking advantage of this bullish signal. By identifying and acting upon these patterns, we can position ourselves for long trades, aiming to capitalize on the anticipated upward momentum of BTC. So, fellow traders, I urge you to seize this golden opportunity and consider going long on BTC. However, please remember that every trade carries inherent risks, and it is essential to conduct your own thorough analysis and risk management before making any trading decisions. In conclusion, the formation of wedges galore in the BTC market is an exciting development that cannot be ignored. It presents us with a strong bullish signal, suggesting a potential upward movement in the near future. As traders, it is our duty to stay informed, analyze the market diligently, and make calculated decisions to maximize our profits.
Long
by bryandowningqln
BTC - 31/10/23It's quite a scenario to imagine, isn't it? 🐻 #Bitcoin seems to be showing signs similar to the 'Bull Trap' pattern we observed in late 2019/early 2020 🧐 👉 It's broken past the Echo Bubble Support line, deceived bears beneath the EMA50, and surged back to the former Support line, which now acts as Resistance. The unique aspect this time is that we're witnessing a new yearly peak. Back in 2020, an unexpected event (covid19) led to a rapid market downturn. ❓Wondering about the potential catalyst this time? The current situation in the Middle East seems volatile. It's wise to stay alert. For CRYPTOCAP:BTC to demonstrate its strong bullish stance, reclaiming the trendline is crucial, potentially aiming for the 40-45k mark. I'd advise against betting against #BTC right now; its momentum is commendable. Always be prudent and avoid getting caught up in the excitement.
BITSTAMP:BTCUSD
by mikey_s_trades
BTC future!Last week, Bitcoin transactions exceeding $100k, often associated with 'big' investors, reached a year-to-date high of 23,400. According to data from IntoTheBlock, this increased activity coincides with Blackrock (NYSE:{13078|BLK}}) filing for an ETF and is said to have increased interest in Bitcoin among large and small investors. organizations. The U.S. Securities and Exchange Commission (SEC) is expected to approve several spot ETFs next year. This development has the potential to push Bitcoin's market value to FWB:42K or more.
BINANCE:BTCUSDLong
by D-Venn
Bitcoin at $35,000: Mid-December Ideal Entry?"Technical Analysis: Micro Outlook for Bitcoin Since testing the $33,901 support level, Bitcoin seeks to maintain its upward momentum, supported by the price trends surrounding spot BTC ETFs. While the next major ETF news may take some time, Bitcoin faces decisions from the US Federal Reserve regarding interest rates and the release of non-farm payroll data in the coming week. If outcomes align with expectations, BTC could experience limited volatility, hovering around $34,700, with potential to reach $35,000.
BITSTAMP:BTCUSD
by Gwen_Humuna
1
Celebrating BTC's Breakthrough! Let's Ride the Bullish WaveI couldn't contain my enthusiasm as I witnessed Bitcoin (BTC) making a remarkable breakthrough, smashing through resistance levels not seen since 2018. It's time to celebrate and seize this golden opportunity! The recent surge in BTC's value has left many traders astounded and filled with optimism. With its strong upward momentum, BTC has demonstrated its resilience and potential for growth. This breakthrough is a clear sign that the crypto market is evolving, and we have a chance to ride the bullish wave towards potential profits. Now, you might be wondering, "What's next?" Well, my friend, this is where the real excitement begins! As an experienced trader, you know that timing is crucial in this fast-paced market. With BTC's recent breakthrough, it's the perfect moment to consider taking a long position and capitalize on this upward trend. I encourage you to join me in embracing this golden opportunity and consider going long on BTC. By taking a long position, we can potentially benefit from the continued growth and ride the wave of optimism that has engulfed the market. As the saying goes, "The trend is your friend," and it seems like the trend is definitely in our favor right now! To support your decision-making process, I recommend conducting thorough technical and fundamental analysis, considering factors such as market trends, historical data, and expert opinions. By doing so, you can gain a deeper understanding of the current market conditions and make informed trading decisions. Remember, trading always involves risk, and it's essential to set realistic goals and manage your risk effectively. However, with BTC's recent breakthrough, the potential rewards are certainly worth considering. So, let's embrace this exciting moment, my friend! Take advantage of this bullish wave and consider going long on BTC. Together, we can navigate the market with optimism and aim for potential profits. If you have any questions, need guidance, or simply want to share your thoughts on this exhilarating development, please don't hesitate to comment below. I'm here to support you every step of the way. Wishing you a prosperous and profitable trading journey!
BITSTAMP:BTCUSDLong
by bryandowningqln
1
💡 BTCUSD: Sideway after a strong spikeThe 7-day streak of price increases came to a halt following a decrease yesterday. However, it's worth noting that yesterday's downward movement, represented by the D1 bar, exhibited a narrow range and a minimal lower shadow, indicating that the selling pressure lacked significant strength. Moreover, there are ongoing signs of excess, particularly in the form of overbuying. This marks the third consecutive day in which BTCUSD has remained in an overbought state. When an asset is overbought, it tends to be more prone to a downward correction rather than a continued upward trend. Although the BTCUSDT chart structure supports an overall uptrend on this timeframe, it would be prudent to await a corrective downward move before considering a buying opportunity.
BITSTAMP:BTCUSDLong
by Stone_Haven
BTC Bitcoin Technical Analysis And Trade IdeaIn this video, we conduct a comprehensive analysis of BTC (Bitcoin), examining the unmistakable bullish trajectory it has exhibited on higher time frames. At present, Bitcoin has ascended to a pivotal monthly and weekly resistance level. Our analysis encompasses a meticulous review of the chart, where we scrutinize essential elements of technical analysis, including trend dynamics, price action patterns, and market structure. As the video unfolds, we explore a potential trade idea. Please note, the information presented is intended solely for educational purposes. It should be underscored that our insights are not to be misconstrued as financial advice, and prudence in risk management remains paramount.
OANDA:BTCUSDLong
by fxtraderanthony
7
$CELR Breakout Done $CELR Performed Bullish Symmetrical in 4HR tf What is a Symmetrical Triangle A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle. KEY TAKEAWAYS Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point. Many traders use symmetrical triangles in conjunction with other forms of technical analysis that act as a confirmation.
Long
by Crypto-Adda_Official
40000$ BTC is Closer Than EVER!Hello everyone, I hope you have a good weekend. Fortunately, BINANCE:BTCUSD behaved as I expected in the previous analysis. Now I hope this move will lead to the next Bullrun . It seems that 40,000 dollar bitcoin is closer to us than ever , but my preference is that before the price reaches 40,000 dollars, it is better to return to 32,000 dollars once and then continue its upward movement with strength, of course, these are all possibilities, but Well, it is not bad to keep in mind the different possibilities of the market.
CRYPTO:BTCUSD
by thegreatoneinthemetaverse
4
BTC's Latest Price Continues to Surpass SMA 100 and 200 Days!BTC's latest price movement has continued to soar above both the SMA 100 and SMA 200-day indicators. It's truly remarkable to witness BTC's resilience and strength in the market, especially when considering the challenges and uncertainties that the world has been facing lately. As a trader, you understand the significance of these indicators and how they can influence your investment decisions. So, let's dive into the details and explore the implications of this ongoing trend. BTC's current price is significantly higher than both the SMA 100 and SMA 200-day indicators, indicating a sustained bullish momentum. This notable deviation from the moving averages suggests that the cryptocurrency's value is consistently outperforming its historical averages, presenting an excellent opportunity for those looking to capitalize on the market's upward trajectory. Now, with such positive news at hand, I encourage you to consider taking advantage of this favorable situation by considering a long position on BTC. By going long, you can potentially benefit from the cryptocurrency's upward price movement and maximize your returns. As an experienced trader, you are well aware of the importance of timing and seizing opportunities when they arise. With BTC's current performance, it's crucial to act swiftly and strategically to optimize your investment strategy. However, please remember to conduct thorough research and analysis, considering your risk tolerance and overall investment goals before making any trading decisions. In conclusion, the latest price surge of BTC, surpassing both SMA 100 and SMA 200-day indicators, is undeniably a promising sign for traders like yourself. This development presents an exciting opportunity to capitalize on the upward trend and potentially enhance your trading portfolio.
BITSTAMP:BTCUSDLong
by bryandowningqln