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📈Bitcoin weekly prediction, 40K or 32.5?📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. If the price of Bitcoin stays above Bollinger midline, Bitcoin can continue the bullish scenario up to the target of FWB:39K -40K. In this week, bitcoin price breaks the ascending channel (in yellow). Overall, in my opinion, as long as the price of Bitcoin does not fall below the red-line support, there is a possibility that it will go higher. But if the price loses the support, the level of 31,700 to 30,200 will be a strong support for Bitcoin in the bearish scenario. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
Long
by CrazyS
5
BTC Halving Price RoadmapHi Traders, Investors and Speculators of Charts📈📉 With the BTC halving coming up next year, I was interested in finding out how the price of BTCUSD has previously reacted before, during and after this event. (I love data and AI, it's a match made in wonderland). The next Bitcoin halving is scheduled to happen some time next year during April or May (2024). And so, with the help of AI tools, I analyzed the historic price trends of BTC around the time of the halving all the way back until 2012 and present this estimated price movement on the chart with the path line (chart on the left) . I've taken the liberty to point out key zones (support zone and resistance zone) with white trendlines. They often overlap with the yellow Fibonacci Retracement, which is added confirmation for key zones to watch. The vertical green lines are time stamps in 3-month intervals leading up to and after the halving. For ease of reference to trendlines and Fibonacci retracement, here's the full chart: Chart on the right: These are BTC prices in 3-month intervals from previous halvings, displayed in a table for easy viewing. Also my prediction for price RANGES for the upcoming halving. Note that it's displayed as a price but do give leverage for +-2K up or down. Some additional details about the BTC halving: 🌐The BTC halving is a scheduled event that occurs every 210,000 blocks 🌐It's a built-in feature of the Bitcoin protocol that was designed to control the supply of Bitcoin. 🌐The halving reduces the block reward by half 🌐The block reward is currently 6.25 BTC The halving of the block reward is a way to ensure that the supply of Bitcoin is limited. There will only ever be 21 million BTC, and the halving ensures that the supply of new BTC is gradually reduced over time. This makes Bitcoin a scarce asset, which is one of the reasons why it is so valuable, apart from the natural advantage of being first. The halving of the block reward also has an impact on the difficulty of mining Bitcoin. The difficulty of mining is adjusted every 2,016 blocks to ensure that a new block is mined every 10 minutes on average. However, when the block reward is halved, the difficulty of mining is also halved. This means that miners need to spend more computing power to mine a block, which makes it more difficult to mine Bitcoin. The halving of the block reward has a number of implications for Bitcoin. It helps to ensure that the supply of Bitcoin is limited, which makes it a scarce asset. It also makes Bitcoin more difficult to mine, which increases the cost of mining. However, the halving also increases the value of Bitcoin, as it makes it more scarce and difficult to obtain. Now the data conclusions (on average, historically) of how the BTC halving has influenced the BTCUSD price: 6 MONTHS BEFORE The price of BTC can start to increase in the months before the halving. This is likely due to anticipation of the event and the increased scarcity of BTC after the halving. 3 MONTHS BEFORE The price of BTC tends to increase in the months leading up to the halving. This is likely due to anticipation of the event and the increased scarcity of BTC after the halving. 1 MONTH BEFORE The price of BTC typically peaks in the month before the halving. This is likely due to the final frenzy of buying before the supply of new BTC is cut in half. MONTH DURING HALVING The price of BTC can be volatile in the month of the halving. This is because there is uncertainty about how the market will react to the event. 1 MONTH AFTER The price of BTC typically starts to rise in the month after the halving. This is likely due to the increased scarcity of BTC and the anticipation of future price increases. 3 MONTHS AFTER The price of BTC can continue to rise in the months after the halving. This is because the scarcity of BTC continues to increase and the market begins to realize the long-term implications of the halving. 6 MONTHS AFTER The price of BTC can plateau or decline in the months after the halving. This is because the market may have already priced in the long-term implications of the halving. NOTE that this isn't rule of thumb, it's a general trend based on the past halvings and there have been some exceptions. For example, the price of BTC didn't increase in the month before the halving in 2012. IN CONCLUSION, overall, the BTC halving has a positive impact on the BTCUSD price. This is because the halving reduces the supply of new BTC, which increases the scarcity of BTC and drives up the price. If you want to know more about the trends on altcoins during the BTC halving, there's some more info on it here: Next up, I'll do a more in-depth post on the altcoin liquidity rotations around the BTC halving. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck KUCOIN:BTCUSDT COINBASE:BTCUSD
Long
by CryptoCheck-
35
The Bitcoin Bull MarketThe probability of the bull market continuation is evident in the chart with higher highs and higher lows. The path to all time highs isn’t always clear and the demand for a COVID esque capitulation grows but I believe it is possible that we may go higher before we go lower. Upside target resistance around 50-52.1k with a 2024 low boundary around 28.6k range. We may be forming a very large inverse head and shoulders structure that targets 170k, should it play out. A bullish perspective for some to consider. No guarantees.
Long
by TheCheartBreaker
BTCUSD: Funds' Bitcoin holdings hit record as ETF predictions Amidst increasing market excitement around the potential adoption of a spot ETF in the US, the total amount of Bitcoins held by funds has reached an all-time high. ByteTree data indicates that in October, holdings of Bitcoin in funds reached a new high of 863,781 BTC, or around $31.71 billion, up more than 20,000. ProShares' Bitcoin Strategy ETF (BITO), with 47,949 BTC valued at $1.41 billion, is the ETF that possesses the most Bitcoin, according to ByteTree. One of the biggest winners from the current market frenzy was BITO last week. Other investment products with BTC worth $960.14 million, $756.08 million, and 603.95 million, respectively, include Bitcoin Exchange Traded Crypto (BTCE), Bitcoin Tracker Euro (XBTE), and Bitcoin Tracker One (XBT).
BINANCE:BTCUSDLong
by Chart_MasterPro
Bitcoin Pole & flag formation, Breakout expected!BTCUSD has started the November month rally towards upper side, It has reached 36k twice in this month and got rejected at the time of writing BTCUSD is trading around 35300.00 Currently 50 EMA is acting as dynamic support for the bull. october month high (35150.00) is aligning with current support level. We can see the pole and flag formation and the clear breakout and retest will invite more buyers into play. Breaking below 35k and the lower side trendline will open the door for the bear.
COINBASE:BTCUSDLong
by forexorbit
BTCUSD 4H :Waiting for breach the resistance and then will rise BTCUSD New forecast The prices of the digital currency "Bitcoin" fell during trading on Tuesday, continuing its losses for the second day in a row, as part of the settlement operations associated with monthly transactions. As the largest cryptocurrency in the world is close to achieving its largest monthly gain since last January, thanks to positive news related to Bitcoin investment funds in the United States. Technical abstract : The price of Bitcoin (BTCUSD) continues to fluctuate within the ascending triangle flag, and we are waiting for the resistance of this pattern to be breached at 35048 to obtain a positive incentive that pushes the price to continue the upward trend during the coming sessions, remembering that the next target extends to 35754 and extend to 37000. Therefore, the upward trend will be remain valid and effective supported by moving average 50 that is continue to support the price at the bullish waves so we will continue to favor the upward trend for the coming period, provided that the price maintains its stability above the 33020 level. The expect range trading for today will be between resistance line 35754 and support line 33022. support line : 33022 , 31044 resistance line : 35048 , 37000 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
EIGHTCAP:BTCUSDLong
by Arazmajeed
15
BTC will continue to increase stronglyBitcoin ETFs give investors access to the world's largest cryptocurrency without having to hold the assets themselves. Instead, you can buy stocks backed by Bitcoin purchased from the issuer. Seifert pointed out another caveat. Even if the SEC were to approve a rule change to allow ETF trading, it would be completely separate from approval of a fund's registration statement. Both applications must be approved for the pending Bitcoin ETF to begin trading Although it may take months for a Bitcoin ETF to start trading, recent price gains prove that investors are optimistic about this event. BTC rose more than 20% in October thanks to hopes that the long-awaited approval of the Bitcoin Spot ETF may finally materialize. A person familiar with Grayscale's efforts to convert GBTC into a Bitcoin ETF said yesterday that the company is actively discussing the application with the SEC. But a potential Bitcoin Spot ETF isn't just about increasing BTC prices.
BITSTAMP:BTCUSDLong
by AstronautPioneer
1
BTCUSD: November 9 Technical Analysis of BTCThe rise in Bitcoin (BTC) has paused at $36,000, but bulls are not in a hurry to cash in. The number of long-term holders (addresses holding Bitcoin for at least 155 days) is close to an all-time high, while the number of short-term holders (addresses holding coins for less than 155 days) is currently at an all-time low, according to Glassnode analysis, indicating that the supply of Bitcoin is getting tighter. Although the long term appears promising, there may be difficulties in the near future. The open interest in the Bitcoin futures market has increased significantly, surpassing $16 billion as of this writing, based on statistics from CoinGlass. Contributor J.A. Maartunn of the on-chain analytics tool CryptoQuant emphasized on While the price of Bitcoin could drop
BINANCE:BTCUSDLong
by Chart_MasterPro