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BTC Hits 64K-65K Target: Next Stop 69K GM Crypto Bro's, happy weekend! This morning, the fear and greed index has finally exited the fear zone and is now at 56 (greed). The stoch RSI is still in the overbought area. BTC has reached our target range of 64K-65K. In terms of price action, it’s possible for BTC to continue its long-term uptrend, but we might see a slight correction in the near future, potentially around the 61K-62K area. If BTC continues to pump, the next target is 69K. Keep in mind the market is dynamic—don’t get caught up in FOMO, stay safe, keep calm, and always remember that anything can happen in the crypto market. Always manage your risks, and as always, that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
INDEX:BTCUSD
by x_Akki
Weak Dollar And Bullish Technicals Signal For Higher BitcoinAfter some initial recession fears spurred by the NFP report showing higher unemployment (4.3%) at the start of Avugust, stocks have bounced back up as last week’s retail sales data indicates the economy isn’t as bad as feared. CPI figures have also helped stabilize the markets, and with the FED potentially closer to cutting rates in September, the stock market may continue higher. Now that stocks are back to bullish mode, we can see a strong risk-on sentiment that can push stocks even higher, while USDollar will most likely stay under bearish pressure along with US Yields, which can help Crypto market to stay in the bullish trend. So this time we want to update an interesting weekly BITCOIN technical chart we have been tracking for the last two years. Notice that back in 2023, bitcoin broke out of a downtrend channel and then retested it as a support, followed by a rise above 50-week Moving Average, which interestingly, also held as a support. Since then price turned higher, and start forming some extended structures since the beginning of 2024. Now in the second part of 2024 we got some slowdown after touching 80k, but it clearly looks like a corrective and sideways price movement within uptrend, that once again retested 50-week MA support, also with nice bullish hammer candlestick formation. That said, be aware of a bullish continuation into the end of 2024.
BITSTAMP:BTCUSDLong
by ew-forecast
BTC on Track for 64K-65K: Low Volume Weekend Ahead?GM Crypto Bro's, happy Friday! This morning, the fear and greed index is at 34 (fear), and the stoch RSI remains in the overbought area, just like yesterday. Overall, BTC is still on track as per our market update yesterday, with the first target at 64K-65K. The potential for a drop to 57K is still low for now, but as we approach the weekend, which tends to have low volume and corrections, keep in mind the market is dynamic—don’t get caught up in FOMO, stay safe, keep calm, and always remember that anything can happen in the crypto market. Always manage your risks, and as always, that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
INDEX:BTCUSD
by x_Akki
Bitcoin Update: Possible ScenariosBitcoin has been in consolidation mode for about 6 months, and now it's almost time to make a decisive move. Considering the market structure, including the highs and lows, I expect BTC to make another low before heading towards a new ATH. We have two important main support levels at $44K and $37K, where the price could bounce back in case of a market crash in the upcoming month. I find the scenario of support at $37K more probable than the other two scenarios: a bounce back from the $44K level or in a bullish scenario, breaking the last high at $70K to make new highs towards $100K DYOR
by farhadnmd
What will move Bitcoin?Let's take an honest look at Bitcoin in terms of price and fundamentals. Every day I see a new article about "ETF inflows" or "Historical parabolic coming" but yet price stubbornly refuses to break bullish. Often I read the comments on these articles and users ask pertinent questions such as, "if everything in the media is so bullish then why is price stagnant?" The reality is that the failure to break back in April/May on to the fabled 100k killed the bull trend. Very simple Technical Analysis reveals lower highs and lower lows, and the trend seems to be returning back to the ETF launch level of 40k's. But there is an upcoming event many are speculating: a Fed Rate Cut. While people may debate the magnitude of effect that low rates had on Bitcoin in 2020-2021 there is no doubt they were bullish for Bitcoin. So it is a proper assumption that a rate cut should have a bullish effect on Bitcoin (IF it happens). The speculation is that there will be a rate cut next month, September. This sets up a clear Boolean indicator for Bitcoin. The key is to watch Bitcoin upon a rate cut. If Bitcoin responds BULLISH then that is the correct thing for price action to "make sense." However, if Bitcoin does not respond or even goes down... that means what should have happened did NOT and Bitcoin is definitely in a secular bearish trend.
INDEX:BTCUSDShort
by norok
1
BTC USD Daily trades// scalp setup long# hello TRADERS , hope you’re doing well This our scalp setup for today no further analyses of the entry since this position is lower-timeframe Based ######### POSITION SETUP ######## recommended leverage: X5 ENTRY POINT :60374 SL:59666 TP:61870 ### Not financial advice disclaimer ### #You can use leverage at your own responsability and according to your risk management strategy ## remember to stay informed and make decisions based on your own research. always, trade with caution ## Do not forget to put Stop loss for your positions Don’t forget to boost and support our Ideas to receive more Analysis #Make sure you follow and activate the notification to catch the move instantly If you have any questions, or any Coin to analyse you can write them in the comments section below. #####We are using LEET ALGORITHMIC CONCEPT (LAC) revolutionary new trading concept developed by LEET TRADERS COMMUNITY and based on the functioning of the most powerful HIGH frequency trading algorithms very high accuracy, No psychological factor or stress, the only rule is to follow the steps straight to the target Join US!! ********* WAKE-UP NEO =) follow the white rabbit********
Long
by LEETRADERS
BITCOIN The Volatility Index is showing the way to 100kBitcoin (BTCUSD) undoubtedly shares a relationship with the Volatility Index (VIX), even though not 100% tight, being a speculative financial asset. Naturally the two are on a negative correlation, meaning that when volatility hits the market and VIX rises, BTC rises and vice versa, similar to what happens against stocks. Following the massive volatility spike on the weeks of July 29 and August 05, VIX quickly corrected back to its 1W MA50 (blue trend-line), which has been its pivot line since the Channel Down started 2 years ago. Bitcoin on the other hand is already significantly above its 1W MA50, as on the week of VIX's aggressive volatility, it managed to test it and held. Opposite to VIX, Bitcoin has been trading on an upward trend, illustrated on today's analysis by a Fibonacci Channel. Initially the 1.0 Fib has been its top but then when broken, it topped on the 1.5 Fib extension. As a result, we expect that when VIX finally closes below its 1W MA50, it will seek its 1-year Support, the Diverging Lower Lows trend-line and that will propel Bitcoin to its 1.5 Fib extension again. If that takes place towards the end of the year, we expect $100k to have been reached. Do you think this correlation model will materialize 100k for Bitcoin? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
1
BTC Closes Above 60K: Next Stop 64K-65K?GM Crypto Bro's, this morning, the fear and greed index is at 39 (fear), and the stoch RSI is still in the overbought area. Finally, BTC managed to close a candle above 60K. The next big possibility is a move to the 64K-65K area. However, this doesn’t mean the possibility of a correction to 57K-56K is gone. The chance is still there, but since BTC has now closed above 60K, the potential for a correction has decreased. But keep in mind, the market is dynamic—don’t get caught up in FOMO, stay safe, keep calm, and always remember that anything can happen in the crypto market. Always manage your risks, and as always, that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
INDEX:BTCUSD
by x_Akki
BTC Fails to Close Above 60K: Deeper Correction Ahead?GM Crypto Bro's, this morning, the fear and greed index is at 26 (fear), and the stoch RSI is still in the overbought area. BTC's candle close on the 20th couldn't stay above 60K, so there's a big possibility we might see a deeper correction, maybe down to the 57K - 56K range. The fear and greed index also dropped from 39 to 26, so overall, we might see BTC revisit our orange zone area. But keep in mind, the market is dynamic—don’t get caught up in FOMO, stay safe, keep calm, and always remember that anything can happen in the crypto market. Always manage your risks, and as always, that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
INDEX:BTCUSD
by x_Akki
1
#BTCUSDT.P Daily trades//setup 1/5RR LONG X3 LEVERAGE# hello TRADERS , hope you’re doing well This our TRADE setup for today no further analyses of the entry since this position is lower-timeframe Based ######### POSITION SETUP ######## recommended leverage: X3 ENTRY POINT :58822 SL: 57730 TP:64500 ### Not financial advice disclaimer ### #You can use leverage at your own responsability and according to your risk management strategy ## remember to stay informed and make decisions based on your own research. always, trade with caution ## Do not forget to put Stop loss for your positions Don’t forget to boost and support our Ideas to receive more Analysis #Make sure you follow and activate the notification to catch the move instantly If you have any questions, or any Coin to analyse you can write them in the comments section below. #####We are using LEET ALGORITHMIC CONCEPT (LAC) revolutionary new trading concept developed by LEET TRADERS COMMUNITY and based on the functioning of the most powerful HIGH frequency trading algorithms very high accuracy, No psychological factor or stress, the only rule is to follow the steps straight to the target Join US!! ********* WAKE-UP NEO =) follow the white rabbit********
Long
by LEETRADERS
bITCOIN mADE gOOD cONSOLIDATION bEFORE bREAKOUT! watch out..Hi.. Just want to update my view on Bitcoin today.. This morning Bitcoin made 2 important touch on it's consolidation area (the triangle).. First touch this morning was the false breakout to the upside, then right after that false break, price went down and touch the lower base of the triangle. The triangle itself going narrow and narrow, and it will determine where will the price goes next. I have two possible scenario for now.. (you can have a look on the chart), one is BTC is consolidate a liitle more on the triangle before take off to the target (see TARGET 1 and TARGET 2 on chart), or it would break the lower trendline and goes to next fibo level 61.8% before it goes up. I don't think there are any other scenario for now.. good luck everyone! CHEERS!
BITSTAMP:BTCUSDLong
by steveivan
Bitcoin's Accumulation Phase Signals Breakout Potential🤖🚀 Bitcoin's Next Move: Accumulation Phase Signals Breakout Potential! 💡🌐 Hey everyone, it’s been a while since Bitcoin has been moving sideways, consolidating in a classic accumulation phase. We’ve seen buyers and sellers taking their positions, and the anticipation is building for Bitcoin to make a significant move. The big question is: will Bitcoin break higher, or is there still a chance to buy at lower levels? From mid-March until now, BTC has been consolidating, and according to my book, whales might be looking for another opportunity to buy in the GETTEX:48K to $53K range—a zone that was recently tested earlier this month. Particularly, on Monday, August 5th, we saw a dip where liquidity was quickly absorbed between GETTEX:49K and $53.5K. During that week, the whales took advantage and feasted on over-leveraged traders, reinforcing the importance of staying cautious with leverage. So, what’s next? Could we see a push towards $68K and then $79K, or will the whales trigger another shakeout below the $56K mark? The market is at a critical point, and the next few weeks could be decisive. What do you think? Will Bitcoin break out, or is there more accumulation ahead? Let me know your thoughts in the comments below! One Love, The FXPROFESSOR 💙
Long
by FX_Professor
3
Bitcoin Contracting before ExplodingBTCUSD has seen a solid rebound off a crucial support level, successfully capturing liquidity at the previous month's low. Over the past week, the daily chart displayed choppy price action, leading to a period of consolidation within a tight range. Notably, the weekly timeframe has formed an inside bar pattern, signalling potential indecision among traders. A break and close above 63,000 could provide a strong bullish signal, potentially driving the market toward the next resistance level at 73,000. The upward momentum could persist, especially if the market rejects the prior week's low. On the 1H timeframe, a classic triangle pattern is unfolding, suggesting the price may continue oscillating within this structure before making a decisive move. The target is the resistance zone at 63,400
COINBASE:BTCUSDLong
by RTED_Investing
Bitcoin: Play Support/Resistance Or Stay Away.Bitcoin has established a higher low off the 56K support area as anticipated in my previous article. From here a test of the 62 to 64K resistance area is within reason over the coming week. No matter what information you consume, the price action at this time is clear: Bitcoin is still INSIDE a broad consolidation. This means UNTIL it can demonstrate a breakout one way or the other with conviction, it is best to anticipate the consolidation to continue. This means paying attention to action around notable support/resistance levels that are relevant to your strategy time frame. In the markets, there is a tendency for "history to repeat itself". I understand this to mean the human behavioral element behind the price action. I mention this because if you notice, the low 64K area has numerous repetitive reactions over the previous few months (see arrow). The reason why does not matter, what matters is that there is a particular kind of price action around a level that can be anticipated in the near future. How you utilize this information will depend on your strategy specifically. For example, if you are looking for day trades you may not use it the same way as someone looking for swing trades, etc. Another aspect to keep in mind is the fact that we are now entering into the SLOWEST time of the year in terms of participation and volume. Weeks 3 and 4 of August are usually slow, erratic and very tough to navigate particularly on smaller time frames. Volume usually returns back to normal by the first week of October. This is NOT precise, but a tendency that I have observed over the years. This means it is usually better to be more selective about setups, take more time off and/or paper trade more. Low volume does not imply bearishness per se, but it can increase the chances of slow grinds either way, lack of follow through, price spikes that fake out, etc. Play the support/resistance or don't play at all. When operating on smaller time frames you can consider this situation from both sides. Look for confirmation of momentum continuation patterns on the long side until price reaches the 62 to 64K area. From there look for confirmations of bearish reversals. "Confirmations" is synonymous with "signals" generated by my Trade Scanner Pro. When markets consolidate like this, technical analysis can help immensely when it comes to evaluating potential, risk and probability. I repeat this often, this is NOT about forecasting the future, it is about using previous information to identify potential and measuring the associated risk. This is what CONTEXT is all about and where trade ideas begin. To have chance of winning you must be able to anticipate while at the same time account for the possibility of being wrong. This is NOT about hunches, feelings, opinions or logic. It is all about being a good "listener" of the market because it is ALWAYS right. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
15
Bitcoin | Descending Broadening Wedge Consolidation Continues!!Descending Broadening Wedge Consolidation Continues..!! Bitcoin has been consolidating in a Descending Broadening Wedge pattern since March 2024. Bitcoin is bouncing back nicely after the August 5th crash and is now heading towards the $69-70k resistance area. Bitcoin bulls need to clear the $69-70k crucial resistance area to confirm the wedge upside breakout. Once the breakout is confirmed, I'm expecting a 20-25% bullish rally in Q4. $100k is programmed for this year. Remember one thing: we are currently in the accumulation phase, just before the next massive bullish rally. Let me make one thing clear: the damage is done, and Bitcoin has already bottomed out (Bitcoin will never go below $50k). Markets will likely remain sideways for the next 2-3 weeks, and then we could see a massive bullish rally, possibly around mid-September. What should we do now? Back in August-September 2023, when Bitcoin was around $17-18k, I kept telling everyone to buy, and after that, it went up to $74k. Now, I'm telling you again to accumulate. Bitcoin will likely surpass $150k this time. Keep accumulating the dips and building your portfolio for the 2024-25 bull run. 🙌 Love This Idea? Show Your Support! 🙌 If you found this idea valuable, don't forget to hit that like button and subscribe for more insights just like this! Your engagement fuels the content I create, and it means the world to me. 💬 Join the Conversation: I’d love to hear your thoughts! Share your ideas and charts in the comments section below—let’s learn and grow together. Thank you for all your love and support! Together, we’re building something amazing. Stay tuned for more!
Long
by Faibik
30
BTC Dips to 56K: Is the Downtrend Not Over?GM crypto bro's, this morning, BTC dropped again, even falling to the 56K area last night. The fear and greed index is at 27 (fear), while the stoch RSI hasn’t yet entered the overbought zone—it was close, but it seems like the stoch RSI might decline first. As I mentioned in yesterday’s market update, BTC had the potential to revisit our orange zone area at 56K - 53K. So, keep in mind that the market is dynamic—don’t get caught up in FOMO, stay safe, keep calm, and always remember that anything can happen in the crypto market. Always manage your risks, and as always, that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
INDEX:BTCUSD
by x_Akki