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Bitcoin-usd

BTC enters the parabolic stage of the bullmarketPredicting the tops and bottoms of Bitcoin - in a macro sense - is not that easy. But some indicators can give us a clue or kind of sense of caution warning when to exit or enter the market. One of them is the "MVRV Z" indicator. It is a chart indicator that uses blockchain analysis to identify periods where BTC is extremely over or undervalued relative to its "fair value". Historically it has been very effective in identifying periods where market value is moving unusually high above realised value. It also shows when market value is far below realised value, highlighted by the green lines. Buying Bitcoin during these periods has historically produced outsized returns. This chart indicator is generally useful for predicting Bitcoin price at the extremes of market conditions. It is able to forecast where price may need to pull back when the score enters the upper red hot periods and also when price may rally after spending time in the lower green band. Historically it has picked major Bitcoin price highs to within 2 weeks. So far BTC has done a great job holding in the middle value band. It's in the stage of taking the next leap breaking out of it to the upside completing the bullmarket, also referring to past historical breakouts which happenend in similar fashion after a long lasting bearmarket.
INDEX:BTCUSDLong
by PizzaDriver
Bitcoin - Bitcoin finally reached 6 digits!Bitcoin is above the EMA50 and EMA200 in the 4H timeframe and is trading in its ascending channel. risk ON sntiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement. which will cause the failure of the resistance zone. After the authentic failure of this area, we will see Bitcoin reach the ceiling of the channel. Capital withdrawals from Bitcoin ETFs or risk OFF sentiment in the US stock market will pave the way for Bitcoin to decline. The target of this downward movement will be the level of 90 thousand dollars. It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important. Last week, Donald Trump appointed Paul Atkins as the new chairman of the Securities and Exchange Commission (SEC), a decision that sparked mixed reactions. Hester Peirce, popularly known as the “Crypto Mom,” expressed her strong support for Atkins to replace the current SEC chairman, Gary Gensler. She stated, “Based on my previous experience working with him in this organization, I can’t imagine a better candidate for this position.” Meanwhile, Caroline Crenshaw, a current member of the SEC, has been nominated for another term and now awaits Senate confirmation. If approved, she will serve on the commission until 2029. During her tenure, Crenshaw has taken a notably strict stance on cryptocurrencies, earning a reputation for being even tougher than Gary Gensler. One key point of contention is her opposition to approving Bitcoin Exchange-Traded Funds (ETFs). In a letter dated January 2024, she cited concerns such as investor protection and market manipulation as reasons for her dissent. These views have led some to label her as the primary adversary of the crypto industry. Bitcoin Spot ETFs now hold over one million bitcoins, surpassing the holdings of Bitcoin’s anonymous creator, Satoshi Nakamoto. Within less than a year, these funds have become the largest bitcoin holders in the world. Lawrence Summers, a former U.S. Treasury Secretary, told Bloomberg that the idea of establishing strategic bitcoin reserves is “ridiculous.” However, he welcomed efforts to regulate the crypto space and foster financial innovation. Summers also expressed skepticism about reducing government spending through the Productivity Department, calling it a challenging path. The performance and weekly and annual returns of major Layer 1 cryptocurrencies are shown in the accompanying chart. Meanwhile, Pavel Durov, the founder of Telegram, appeared in a Paris court to face charges of facilitating illegal activities through his messaging app. Durov, who was temporarily detained on August 24, was released after posting a $6 million bail but has been barred from leaving France until March 2025. French prosecutors have accused him of running a platform that aids illicit activities. If convicted, Durov could face up to 10 years in prison and a fine of €500,000. This case has raised concerns about privacy-focused technologies in the Web3 space. At the same time, the number of cryptocurrency wallets with non-zero balances has reached 400 million. Michael Saylor, the CEO of Microstrategy, recently shared his proposed bitcoin purchasing strategy with crypto enthusiasts. He reiterated that bitcoin should be considered a long-term asset and advocated for using a Dollar-Cost Averaging (DCA) strategy for sustainable growth. Saylor, one of bitcoin’s most prominent supporters, stated that for the past four years, he has consistently advised investors to “buy bitcoin and never sell.” He emphasized that bitcoin should be held as a long-term capital asset rather than a short-term profit tool. Saylor recommended that investors enter the market every three months using funds they do not need and hold the investment for at least ten years. He also stressed that investors should not worry about short-term volatility and should avoid stress by adhering to this strategy. The trading volume of spot cryptocurrencies reached $2.7 trillion last month, marking the highest level since May 2021. A new survey revealed that over 80% of cryptocurrency holders admitted that their investment decisions were influenced by emotions like Fear of Missing Out (FOMO) and Fear, Uncertainty, and Doubt (FUD). The survey, which included 1,248 participants, showed that 84% invested due to FOMO and 81% due to FUD. Kraken Exchange commented that the findings suggest many investors trade based on emotions and fears rather than logical strategies. These emotions often stem from misunderstandings or mistrust about the future of specific cryptocurrencies. The survey also revealed that FOMO drives investors to chase rising prices, while only 17% focus on buying opportunities during price drops. Interestingly, 63% of cryptocurrency holders acknowledged
COINBASE:BTCUSD
by Ali_PSND
Bitcoin - When will Bitcoin go to price correction?!Bitcoin is above the EMA50 and EMA200 on the daily timeframe and is trading in its ascending channel. Risk ON sentiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement. We will look for bitcoin selling positions in the range of the channel ceiling (weekly). Capital withdrawals from Bitcoin ETFs or risk OF sentiment in the US stock market will pave the way for Bitcoin to decline. Bitcoin buying positions can be looked for in the two specified demand zones. It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important. US Spot Bitcoin ETFs • Performance Last Week: • During the first three trading days, US spot Bitcoin ETFs experienced substantial capital inflows, starting with a $1.11 billion inflow on the first day. • However, in the last two trading days, the ETFs faced capital outflows of $400 million and $370 million, respectively. • Weekly Summary: Overall, the ETFs recorded a net capital inflow of $1.67 billion for the week, marking a positive performance. Crypto Market Liquidations • Coinglass Data: • Over the past 24 hours, due to market volatility, more than 101,000 traders were liquidated, resulting in a total liquidation value of $231 million. • This significant figure highlights the impact of recent market fluctuations on crypto traders. Credit Agricole’s Analysis of the US Dollar • Future of the Dollar: • Unlike the 2018 rally driven by Trump-era policies, Credit Agricole argues that 2025 will not see a repeat of the same trend. • Reasons: • Current economic conditions differ significantly from 2018. • Monetary policies and the dollar’s current strength indicate that the dynamics driving the dollar’s movements have shifted. Robert F. Kennedy Jr. on Bitcoin • Bitcoin as the “Currency of Freedom”: • Robert F. Kennedy Jr., former Secretary of Health under Trump, described Bitcoin as a tool for protecting the middle class from inflation and a solution to counter the devaluation of the dollar. • He also highlighted Bitcoin’s potential role in addressing America’s crippling national debt, emphasizing its importance in the country’s economic future. Declining Correlation Between Bitcoin and Gold • The correlation between Bitcoin and gold has dropped to its lowest point in 11 months. • James Stanley, Chief Market Strategist at Forex.com: • Gold has recently reached an overbought status, and its price correction is reasonable. • Investor Focus on Bitcoin: As Bitcoin approaches the $100,000 threshold, gold may regain investor appeal, especially near critical support levels.
COINBASE:BTCUSDLong
by Ali_PSND
3
BTC/USD Golden Cross + Bitcoin Act: The Perfect Storm? Now that Donald Trump is set to become the next president of the United States, the U.S. could soon build a strategic Bitcoin reserve. This initiative, proposed under the pending “Bitcoin Act,” aims to let the U.S. government acquire up to 200,000 Bitcoin per year over five years, totaling up to 1 million BTC, or nearly 5% of the currency’s maximum supply. At current prices, this could cost over $80 billion. The U.S. already holds around 200,000 Bitcoin, largely confiscated from criminals. Trump has pledged that under his administration, seized Bitcoin wouldn’t be sold. The price of bitcoin is trading at a new fresh record high above the $86,000 level. A golden cross pattern has formed with the 50-day and 200-day daily moving average crossing each other.
BLACKBULL:BTCUSD
by BlackBull_Markets
BITCOIN BULLISH TO $77,000 (UPDATE)Bitcoin has finally smashed our $77,000 (Wave 5 Major) target like I said would happen back in September & created a new all-time-high🦾 Well done to everyone here who got into this move from my free analysis! Unfortunately my buy position got stopped out at breakeven as you all saw, then price went back up again. But that's fine because the main thing is Bitcoin analysis was correct & played out accordingly to my Elliott Wave Theory strategy🙌
BITSTAMP:BTCUSDLong
by BA_Investments
Gold, Bitcoin Poised for US Election Gains? On November 5, approximately 250 million Americans are expected to vote in the presidential election. The outcome, though, may not be immediately clear. The official result could take anywhere from a few hours to several weeks, depending on the margin of victory and potential legal disputes. UBS analysts caution that the election's outcome may not be known until December 11, the deadline for states to certify their electoral college votes. They add that recounts and legal challenges—particularly from the Trump campaign—could push the timeline even further. Traders should account for the risks and costs of a prolonged wait. Key assets like U.S. dollar pairs, Bitcoin, and gold could be the most sensitive during this time. Interestingly, billionaire hedge fund manager Paul Tudor Jones is betting heavily on gold and Bitcoin. He expects inflation to persist regardless of who wins the 2024 U.S. presidential election.
BLACKBULL:XAUUSD
by BlackBull_Markets
BTCUSD: Revisiting 58K, Eyes Still on 61K - 62KGM crypto bro's, this morning the Fear and Greed Index is back in the fear zone, while the stoch RSI seems tired of being overbought and may be dropping towards the oversold area. Looks like BTC is not in the mood to hit 61K - 62K this morning and is just hanging out around the 58K range again 🗿. Based on today’s price action, there’s a possibility of a drop back to around 57K, but the potential pump to 61K - 62K is still our target for now. Remember, the market is dynamic. Don’t be FOMO, stay safe, keep calm, and always remember that anything can happen in the crypto market. Always maintain your risk. And as always, that’s the crypto update for today. It’s Akki, signing off with one chart, and have a nice day.
INDEX:BTCUSD
by x_Akki
SILVER - Playing Out Perfectly!In our last analysis we identified the picture perfect higher timeframe impulse schematic. We were nearing the end of wave 3 and was anticipating the wave 4 correction to appear. We now have the wave 4 correction and we are halfway through it. On lower time we can see that we're in the midsection of the ABC correction for wave 4. We've completed wave A and now we're in Wave B. See below: We're looking for one more move up to complete wave B (blue move) and then one final move down for Wave C (red move). See below: Trade Idea: Blue Move (LONG) For the blue move, we can take a short term entry on break of the trendline and actively manage positions until we're at the local highs. Trade Idea: Red Move (SHORT) We'll be looking for a trendline break once we've completed the blue move. Profit taking area for the shorts will be in the buy zone where we'll be preparing ourselves for the next swing opportunity. Goodluck and as always, trade safe!
OANDA:XAGUSD
by WicktatorFX
2
BTC - Top-down Analysis (ICT)Hello traders, This is my observation and analysis for Bitcoin using ICT's Concepts. So, recently we had price break it's all-time highs in March 2024. Since then, we have been chopping around in a consolidation. We may make new highs, or we may retrace deeper into a discount. I'm not here to guess, I will just show you what I see. On the monthly timeframe, we can into a BISI and had a reaction, but we did not create a new high. On the weekly we have the most clear price action. No gaps, but multiple bullish and bearish Breakers forming, which has price bouncing from a premium to discount in a consolidative manner. Currently in terms of taking a trade, I anticipate us moving up again next week into the bearish Breaker above us, then moving lower into the bullish Breaker below. After that, I would be awaiting more confirmation on the Daily chart, such as gaps being disrespected and gaps being created. We are currently still high in a premium overall, but we could create a "Bull Flag" type of pattern. It is not something I trade, but what I mean it is completely possible we just consolidate in this tight range before displacing more to the upside. OR, we could go lower back into Equilibrium. Either way, trade safe out there. - R2F
by Road_2_Funded
ZEN/USDT - Zen Magic is waiting to happen | +340% Profit Scope🫰#ZEN/USDT - Description --------------------------------------------------------------- + ZEN just bounced back from the support + Now its just close to the resistance range around 8.6, this area is critical for the prize + Breakout from this resistance is critical for the next leg of the run. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 8.76 Stop Loss: 7.49 ------------------------------ Targets 1: 9.18 Targets 2: 9.62 Targets 3: 10.38 Targets 4: 11.76 ------------------------------ Timeframe: 4H Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
Long
by VectorAlgo
HelenP. I Bitcoin can rebound from support zone and start growHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart, we can see how the price a not long time ago rebounded from the 42500 support level and made a strong impulse up to the 45900 resistance level, which coincided with the resistance zone. But soon, BTC rebounded and in a short time declined until to trend line, breaking the support level. Price at once rebounded from the trend line and made impulse back, breaking the 42500 support level again. Next, the price continued to rise and later reached a resistance level and even rose higher, thereby breaking the 45900 level. But soon, Bitcoin turned around and made a strong impulse down to the support level, breaking the 45900 level one more time and the trend line too. BTC first declined to support zone, but later bounced from it and started to trades near the 42500 level. Now it continues to trades near and I expect that Bitcoin can decline to the support zone again and then turn around and start to rise, therefore I set up my target at the 44500 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
BTC Short Term AnalysisBTC has corrected in the last few days, but it has took support in the trendline, Major Supports including Trendline, SMA 150, and Support Zones have survived, and the price of BTC as well as ALT Coins are above their support. As the overall market sentiment is bullish in the medium term, we can expect BTC to Bounce off from here, Important Price Supports to watch out for are 40500 and 38000. Any significant fall and close below these levels could trigger further selloff and turn market mood to negative side. It would be a good idea to go long in the support zone for medium-term positions with Target Profit and Stop Loss as per Risk Taking Potential. The Market Fundamentals and Overall Crypto Market Sentiment should also be considered before any action. Note: Not Investment/Trading Advice. Purely Personal Views. DYOR Before investing or trading. Not responsible for P&L arising out of this idea.
by tradewidmufeeth
BTC USD FUNDAMENTAL ANALYSISBitcoin price recently decoupled from the stock market, as a result of which even the recent banking crisis held no bearish impact on the cryptocurrency. Now as the "Sell in May" trend comes back to life, it is likely that BTC might reap the benefits of a slow-growing stock market. "Sell in May" - Banks' collapse paves the way In the stock market, as April comes to an end, a common saying among investors comes back to life - "Sell in May and Go Away". The axiom is used to signal the beginning of the worst six months of the year for traders and investors. Due to the relatively terrible performance of the stock market, i.e., S&P 500 Index (SPX), "Sell in May" suggests simply ignoring the next six months and coming back again in October. While it may seem like another fad, the saying has historically been proven right. According to a report from Carson, on average, the May to October period has borne the least growth of 1.7% in comparison to other six-month combinations. But beyond an axiom, the stock market does have a lot to worry about as another bank just collapsed. The First Republic Bank, one of Unites States' 20 biggest banks, is going to be reportedly taken over by the Federal Deposit Insurance Corporation (FDIC) on April 28. The bank will be placed under imminent receivership as the FDIC said that there was "no more time" for a private sector rescue. Earlier this year, the Silicon Valley Bank, Silvergate Bank and Signature Bank failed as the entire US faced a banking crisis in Q1. The stock market bore the impacts of the same as within a month, SPX declined by nearly 344.63 points falling by 8.25%. Now as May begins following First Republic Banks' crisis, the Federal Reserve is also set to conduct its Federal Open Market Committee (FOMC) meeting on May 2 - 3. In this meeting, the next interest rate hike will take place, and the Fed is likely to increase the rates by 25 basis points (bps). The probability of the same is currently at 80%, rising from 75% that was observed a few days ago after reports of First Republic Bank being taken over by the US government first came to light. All these instances could have a bearish impact on the stock markets, translating into a bullish impact on Bitcoin price. Bitcoin price could rise Bitcoin price in the past has had a rather surprising reaction to not just the stock market decline but the banking crisis as well. While the banks collapsing in the first quarter of the year brought down the stock and crypto market collectively initially, BTC started rallying soon after and over the next ten days, the biggest cryptocurrency in the world shot up by 40%. This is because, towards the end of 2022, Bitcoin decoupled itself from the stock market and regained its "safe haven" status and "inflation hedge" label akin to Gold. Even this week, as the initial reports of First Republic Banks's failure arrived, BTC shot up by nearly 8%. Thus as the "Sell in May" trend takes shape and stock market performance remains sub-par, Bitcoin price will have room to welcome traders and investors from the stocks' world. Furthermore, Bitcoin supply profitability is still pretty low at 74%. While the profitability did increase over the last four months from 45% to a 12-month high, there is still room for growth before a market top is observed. Usually, when more than 95% of the supply becomes profitable, a market top is marked, which induces sell pressure. Until then, BTC is good to chart gains. Conclusion Looking at the broader market conditions, it does seem likely for Bitcoin price to observe some green candlesticks on the charts potentially. That is unless the alt season takes over and Bitcoin's dominance falls from the current 48.63% to less than 40%. At the same time, traders and investors should also watch out for the upcoming interest rate hike, as a more than 25 bps hike could cause a price crash.
BITSTAMP:BTCUSDLong
by thunderpips
1
BTC USD FUNDAMENTAL ANALYSISBitcoin price recently decoupled from the stock market, as a result of which even the recent banking crisis held no bearish impact on the cryptocurrency. Now as the "Sell in May" trend comes back to life, it is likely that BTC might reap the benefits of a slow-growing stock market. "Sell in May" - Banks' collapse paves the way In the stock market, as April comes to an end, a common saying among investors comes back to life - "Sell in May and Go Away". The axiom is used to signal the beginning of the worst six months of the year for traders and investors. Due to the relatively terrible performance of the stock market, i.e., S&P 500 Index (SPX), "Sell in May" suggests simply ignoring the next six months and coming back again in October. While it may seem like another fad, the saying has historically been proven right. According to a report from Carson, on average, the May to October period has borne the least growth of 1.7% in comparison to other six-month combinations. But beyond an axiom, the stock market does have a lot to worry about as another bank just collapsed. The First Republic Bank, one of Unites States' 20 biggest banks, is going to be reportedly taken over by the Federal Deposit Insurance Corporation (FDIC) on April 28. The bank will be placed under imminent receivership as the FDIC said that there was "no more time" for a private sector rescue. Earlier this year, the Silicon Valley Bank, Silvergate Bank and Signature Bank failed as the entire US faced a banking crisis in Q1. The stock market bore the impacts of the same as within a month, SPX declined by nearly 344.63 points falling by 8.25%. Now as May begins following First Republic Banks' crisis, the Federal Reserve is also set to conduct its Federal Open Market Committee (FOMC) meeting on May 2 - 3. In this meeting, the next interest rate hike will take place, and the Fed is likely to increase the rates by 25 basis points (bps). The probability of the same is currently at 80%, rising from 75% that was observed a few days ago after reports of First Republic Bank being taken over by the US government first came to light. All these instances could have a bearish impact on the stock markets, translating into a bullish impact on Bitcoin price. Bitcoin price could rise Bitcoin price in the past has had a rather surprising reaction to not just the stock market decline but the banking crisis as well. While the banks collapsing in the first quarter of the year brought down the stock and crypto market collectively initially, BTC started rallying soon after and over the next ten days, the biggest cryptocurrency in the world shot up by 40%. This is because, towards the end of 2022, Bitcoin decoupled itself from the stock market and regained its "safe haven" status and "inflation hedge" label akin to Gold. Even this week, as the initial reports of First Republic Banks's failure arrived, BTC shot up by nearly 8%. Thus as the "Sell in May" trend takes shape and stock market performance remains sub-par, Bitcoin price will have room to welcome traders and investors from the stocks' world. Furthermore, Bitcoin supply profitability is still pretty low at 74%. While the profitability did increase over the last four months from 45% to a 12-month high, there is still room for growth before a market top is observed. Usually, when more than 95% of the supply becomes profitable, a market top is marked, which induces sell pressure. Until then, BTC is good to chart gains. Conclusion Looking at the broader market conditions, it does seem likely for Bitcoin price to observe some green candlesticks on the charts potentially. That is unless the alt season takes over and Bitcoin's dominance falls from the current 48.63% to less than 40%. At the same time, traders and investors should also watch out for the upcoming interest rate hike, as a more than 25 bps hike could cause a price crash.
BITSTAMP:BTCUSDLong
by thunderpips
🔥 Bitcoin Potential Perfect Bearish ChannelAfter a failure to break through the 30,000 resistance three times, it appears that the bulls have given up and the bears took over. When we connect the two local tops and copy that trend line to the bottom, we create a perfectly symmetrical channel. It's unclear whether we're going down all the way to the support line of the channel, but I have to agree that things have started to look more bearish after we topped at 31,000. With the FOMC interest meeting around the corner, we have to consider the idea that Powell will announce that he won't cut the raise, and potentially even raise more in the future, leading to a bearish reaction. Time will tell.
COINBASE:BTCUSDShort
by FieryTrading
5
🔥 How High Can We Go? Bitcoin Fibonacci Analysis Says UP 🚀In this analysis I want to talk about the comparison of the current end-of-bear rally and compare it to the one we got in 2019. This analysis is based on just 1 previous occurrence, so deviations are possible and expected. Some key points of the 2019 end-of-bear rally: 🔶 It took 28 weeks from top to bottom. 🔶 The price topped at the 0.618 Fibonacci retracement line. Found heavy resistance in the blue target area. 🔶 The first 20 weeks (where we currently trade) was a ~+85% move. 🔶 The majority of the pump occurred AFTER the first 20 weeks. When we extrapolate the above to the current market conditions, we can potentially expect some sizeable moves in the near future. 🟡 In case of a 28 week rally, we will top in the week of 5-12 June (8 weeks from now). 🟡 The top will be between roughly 42k - 49k. However, there are also some differences. 🔷 Where 2019 saw the majority (in percent) of the move after the first 20 weeks, I reckon we've seen the biggest move already. 🔷 Notice that we're currently already above the 0.236 (red) Fibonacci Retracement. In 2019 we were still 18% below it. Nevertheless, I think it's valuable to look at how the market traded in 2019. Yes, we're in very different market conditions, but the market does not really care it seems. Furthermore, we're comparing it to only one previous end-of-bear rally, so take it with a grain of salt. In the end, I'm convinced that there's still more gains coming. We are not going to see new all-time highs any time soon, but a move to 40k is definitely in the cards. Do you think the top is near? What are your predictions? Share in the comments 🙏
Long
by FieryTrading
20