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Bitcoinforecast

Bitcoin CycleUsing historical data to project a potential look at the Bitcoin cycle ahead. We are now in the Bottom Zone and viewing the most attractive buying prices in years. Expecting a whole lot of nothing going into '23 which is perfect for the accumlators. Predictions Historical data suggests we meet ATH level ~$69K around Q4 '24 - Q1 '25. Then putting in a cycle top late '25/ early '26. If these cycles continue, I would expect Crypto Total to tend >$7T at the next cycle top and assuming a minimum of 30% BTC market share with ~20M BTC in circulation; We can expect BTC at cycle top to be a minimum of: $7T * 0.3 = $2.1T Bitcoin Mcap... $2.1T / 20M = $105K per Bitcoin Purely for fun, the bear market has me bored. Surely it couldn't be this easy...
INDEX:BTCUSDLong
by Tok21
BTC/USDT - More Pain Ahead? 📉🥶Looking at the BTCUSDT 1W chart. We've highlighted a so-called "bottom" zone we think Bitcoin can range in.📉 Our inspiration on this chart comes from the classic "Wall Street Psychology Of A Market Cycle".🔮 It seems we've passed the "Panic" section and are entering the "Capitulation" & "Anger" phases. Ultimately crypto's near & mid term fate will depend on the S&P500 and equities. Until we find a bottom in the traditional markets, crypto prices will find it difficult to sustain these current levels. The FED will keep hiking until something breaks, so time will tell! Eyes peeled & stay safe! -TucciNomics Chief Overlord, AlgoBuddy
Short
by QuantVue
Trading Analysis btc/usd 12.11.2022Welcome to the BasicTrading channel. My name is Philip and in todays analysis I quickly go over the situation which we currently have on BTC/USD. I will analyse the asset both from a weekly and daily timeframe to show you the best possible trading opportunities. If you enjoyed this analysis, let me know in the comment section which asset I should analyse tomorrow. Dont forget to smash that rocket and I will see you tomorrow with a new analysis.
BITSTAMP:BTCUSD
by basictradingtv
6
Bitcoin- New leg down?In my previous Bitcoin analysis, I said that in current market conditions selling rallies is the safest way to trade and I indicated 18-18.5k as the zone to do this. Indeed, after the break of support and the steep drop from the beginning of the week, Bitcoin rose, corrected the dive, and confirmed the 18k zone as new resistance. The price action from the past 2 days is drawing a small triangle on our short-term chart and this could be an indication of continuation to the downside. The base of the triangle is around 3kusd and this gives us a target of around 14k for the next drop. Only the price back above 18-18.5k in terms of daily close would put a pause on the drop and signal a potential range trading for BTC.
BITSTAMP:BTCUSDShort
by Mihai_Iacob
40
What's Holding Back Bitcoin and all of CRYPTO?!Bitcoin right now, is down bad. we broke below 2017 all time high, and getting close to 2019 all time high. Thinking long term, bitcoin is at a discount right now, however I personally think we can go lower. I've noticed, DXY does have a INVERSE CORRELATION to BTC. This suggests that when the US Dollar strengthens, Bitcoin weakens & vice versa. Notice DXY started to fall from its 2018 trend, curious, what happen to cause this? May I remind you "COVID-19" outbreak happened in January of 2020. Since then to put in plain words, we saw a huge wealth transfer. Now looking at present times, we see DXY on a uptrend, and BTC on a downtrend. IMO we wont see a bull-run till DXY crashes again. It's safe to say, INDEX:BTCUSD we could be DCA'ing below 14.5k region and more under 13k region. We also can see we had a Rising Wedge Formation acting as a bearish continuation signal. This can also give us an idea how much lower we could expect before things turn around. Be patient my friends, Stay busy and be 1% better in life, everyday.
INDEX:BTCUSDLong
by Zeze_Izquierdo
Bitcoin Will Hit 12000$ & 5000$Bitcoin MARKET UPDATE Pakistan Time: 07:12 AM 1: Bitcoin support levels - $15600 and $16300 strong Support 2: Bitcoin resistance - $18150 and $19000 strong resistance ——————————————————————— Analysis - BTC Support is at $16,300 and Resistance is at $18,150. Trade carefully and manage your risk according to mentioned support and resistance levels. BTC closed its daily candle red at $17,070. Total crypto marktecap is at $854 billion and BTC dominance is at 37.9%. Global financial markets are closed during weekends, so there will be less trading volume.
Short
by Waqar212
$BTCUSDT BitcoinWhat Is Bitcoin (BTC)? Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009. Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.” Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.
Long
by BADQOMOCAWGOWLD
BTCUSD - Back below 5.000I would like to share what I see regarding Bitcoin. I'm not trading it right now but my system is is still showing a sharp decline below 10.000 and below 5.000 in the following weeks. Last week we finished printing a symmetric triangle what broke down yesterday. The symmetric triangle is a continuation pattern , I highlighted the target price what is not funny at all. 21st May looked like we printed an ICL but if you check the RSI 5 you can see when we tagged the overbought territory price started to drop again . It means the ICL still ahead of us . The measured target from the pattern is showing 4353$. 100MA and 50MA crossed over and price had lost the 200 SMA. While I see a lot of posts how Bitcoin will rally again this chart doesn't look bullish at all... I see a popped bubble what is going lower and lower in the ERA of inflation.
BITSTAMP:BTCUSDShort
by chartwatchers
47
Can the Pi cycle top predict the bottom?Can the Pi cycle top predict the bottom as well? Yes it can, it has on three different occasions. Coupled with the investors tool not only has it predicted 3 bottoms within 10 days but also the percentage within 7%. In order to see view this you must be on the one day chart and use the investors tool with the Pi cycle top indicator. When the Orange line has crossed down below the the bottom of the investors tool trading range in the past it was precisely at the bottom within 10 days and has done this on three occasions that all marked the bottom. 2015 was the first time and it fell 53% (you can scroll back to see) 2018 was the second @ 45% fall and the third time was June of this year that fell 49%. both times afterwards price action met this line (Pi Cycle orange) as resistance including this year. On both other occasions the end of the bear market was marked as soon as price action broke above and then held this line as support. SO far it's all playing out perfectly, so for me only have we market the bottom we could be ready to flip this line in the next few weeks. We should never use just one indicator to come up with a conclusion so it's our job to find more of them. Let's see what you have. Cheers and thanks for looking If you have any questions or comments please don't hesitate to comment below.
BNC:BLXLong
by WeAreSat0shi
3
Does history repeat?The question here is, if history repeats and how accurate it may be. Well so far it has on two other occasions irrefutably along with the RSI. As we can see here on the 5 day chart the 21 day yellow line crossed the 200 day purple line right on schedule. In previous history the 21 day cross came after the price bottom and had direct correlation with the RSI. The RSI then formed bull divergence and kicked off the next bull run. Looking at this bear market there is almost an exact pattern playing out with all of the indictors including divergence. I also have linked another chart with similar evidence in as well. Let me know what you think in the chat below. How strong do you think historical data is? Do you think it likely plays out ? Is this time different? *Always drink and invest responsible*
BNC:BLXLong
by WeAreSat0shi
2
BITCOIN, Be prepared!Hello traders and followers. We are going to take a look at BTCUSDT and the scenarios we might have in the following days. First and foremost don't forget to like this idea if you agree with it, it motivates us to create more. Now let's get started with the fundamental background that has had two major events this week: - Binance/FTX feud has caused a lot of distress in the cryptocurency markets as you well know, we still do not have a conclusion and some tweets can change the price action even over the week end, so i strongly recommend following the accounts that are involved in this. - CPI announcement yesterday. Caused both currency and cryptocurrency market to jump due to the fact that inflation is showing signs of decreasing. Technicals: BTC daily is not looking good, we broke the structure we had before and we are now strugling to break above it. A positive tweet related to the FTX situation may be the catalyst for the break above, we don't have it yet. Zooming in the 4h chart we can notice the formation we are in , triangle that is supported by a very weak trendline that doesn't have that much history. Note the buy volume that is decreasing - indicating a divergence in the price action, giving a bearish scenario more chances to happen. In this 4h chart you will also find a 0.33-0.66 Fib that we use with the assumption that closing above 0.33 will increase our chances to eventually get to 0.66 which is standing at $19.483. Using this indication in priority to the resistance plotted on the chart. Bearish scenario that still stands On November 2020 we plotted a daily bullish orderblock that has since never been mitigated, and in my opinion stands as the main point of interest for longing and as a potential target for shorts if we break this formation on the lower side. This is my analysis on the daily price action, i hope it was usefull. Keep a hefty bag of stables , be prepared for both scenarios
by SublimeTraders
1
Bitcoin Can Hit 100,000$ in This YearBitcoin MARKET UPDATE Bitcoin support levels $17,200 and $16,300 strong Support (buyers available at this position). Bitcoin resistance - $18,600 and $19,600 strong resistance (sellers available at this position). Market depends upon Bitcoin movement so we updated you about Bitcoin now trade with risk management. ——————————————————————— Analysis - BTC Support is at $17,200 and $16,300. Resistance is at $18,600 and $19,600. Trade carefully and manage your risk according to mentioned support and resistance levels. Looking at 1 hour timeframe, BTC is getting support from 20 EMA. However volume is low right now. BTC closed its daily candle red at $16,869.
Long
by Waqar212
8
Fundamental Analysis Prevails For Bitcoin Well, here we are. After months of frustrating action for traders, Bitcoin has finally given a sizable move. Not too long ago, I had just begun to see the possibility of a bigger relief rally for the largest cryptocurrency. This was due to some technical developments, coupled with the lack of bad news in the crypto market. Granted, I had no intention of purchasing any and still do not. So, my instincts regarding the fundamentals for this market have saved me some extreme losses. For this entire year, I've been writing about why I do not think the fundamentals of Bitcoin and other cryptocurrencies make sense. The vast majority of my posts have been extremely bearish. Many of those posts are linked below. It seemed as though I was just going along with the prevailing sentiment. Yet, my feelings have only become more validated as the year has worn on. When something does not produce an output, and when something lacks usage outside of holding, transferring, and trading, it is subject to speculation - and speculation only. Without a material purpose, an asset like this is easy to manipulate. The question is - would it still be wise to buy Bitcoin from an investing standpoint? Since money is a somewhat abstract concept, the narrative around Bitcoin and crypto can be warped to fit the intended audience; whether it's empowerment for marginalized/oppressed populations and financial access for the unbanked (political left) or the distrust of big government/big banks (libertarian right), Bitcoin's got a spin for everyone. Or should I say, everyone with the means to access it in the first place. When we saw what happened with El Salvador, that was my "AHA!" moment. No one wants this garbage. People invested in crypto expecting to say F-U to the big banks and avoid a bank run. But here's a very genuine bank run, staring us in the face. The White Knight is a Wolf in Sheep's Clothing Enter the snake oil salesmen, as we like to call them. You may know them by name: Sam Bankman-Fried, Do Kwon, and Changpeng Zhao. We call them snake oil salesmen because their entire business runs on selling something that is virtually useless. And my theory is that they know it. Just today, Binance transferred an enormous amount of USD stablecoins out of their exchange. My guess CZ (Binance) and Justin Sun (Tronix) are somehow using their stablecoins BUSD and USDD to manufacture "infinite" money. They extract capital from traders/investors through these unregulated stablecoins and then swap these unregulated stablecoins for more "legitimate" stablecoins such as USDC and even USDT, financing the grandest counterfeiting scheme the world has ever seen, and the first instance of broader DIGITAL counterfeiting. Since this has been a theory of mine for a while (remember, it is only a theory), it came as no surprise to see CZ appear as a "white knight," eliminating the next "bad" player from the crypto market. In taking down SBF, perhaps he bought himself a little time to extract a bit more liquidity from the market. Greed knows no bounds. My theory is that eventually it will all come crashing down. But maybe this is just extreme thinking. It doesn't seem so extreme after what just happened. Now, what about the technicals??? Are there any technicals left for Bitcoin??? Well, we have a bounce. The better than expected CPI numbers have sent markets rallying, yet Bitcoin is still substantially lower than it was yesterday morning. Just check out its performance against SPX. This is a chart I show frequently, but I think it illustrates something important: It shows that equity markets can very well just continue onwards without Bitcoin. The biggest setback for crypto with this FTX disaster is that SBF was a liaison of sorts between U.S. regulators and the shitcoin casino. Lying in the face of the government as the face of an industry will likely leave yet another stain on this market, and perhaps one that is impossible to get out. Yes, I think it is that bad. For those who say, "But no, it's just shitcoins that are in trouble! Not Bitcoin! There will be a new all-time high eventually so buy now while it's cheap!" well....we can clearly see from this last cycle - the average person cares little about Bitcoin itself other than as a speculative investment, and it is now trading below its previous all-time high. The longer Bitcoin stays low, the more likely events like these will continue to occur as there is no bailing out these crypto kingpins, and even the mass production of stablecoins can't keep up with a liquidity crisis. Even back before the LUNA fiasco, I suggested events like these seemed likely. To move up from here, Bitcoin will need to attract buyers, not sellers here above $17.6k (previous bottom from June). It will also need to hold back above the previously broken downtrend. This trendline has some wiggle room (it's not totally precise), but you can see that breaking back below it yesterday caused a significant selloff. The next major support level lies near $13.8k - the high from 2019. The $12.5-13.8k zone has a huge amount of historical traded volume. This area seems like it has already been fron-run by traders, given the size of the current bounce from $15.5k to now near $18k. During the initial bounce, USDT de-pegged momentarily as much as 3% and funding became extremely negative for futures, since liquidity dried up instantly as prices went below $16k. If price ventures down there again, I would expect price to get a bit closer to that $13.8k level, and perhaps it would put some stress on those bigger stablecoins and exchange futures funding. But, if Bitcoin can get back above $19.8k soon with decent volume, perhaps the medium-term bottom is indeed in. I just don't see it very likely for crypto prices to sustain higher levels in the future, even if they go up again in the short-medium term. What a time to be observing and participating in financial markets! It's certainly an amazing lesson in economics and human psychology. Thank you for reading, and for taking part in this journey with me. As always, this is not meant as financial advice, but for speculation and entertainment only. Please consult a licensed professional financial advisor before making any significant financial decisions. This piece represents my opinion only, and there are plenty of others out there. -Victor Cobra
COINBASE:BTCUSDShort
by VictorCobra
2
#BTC/USDT Urgent Update! DO NO PANIC!!!Welcome to this Urgent BTC update guys, I will keep it short. I have mentioned for many days not to take leverage trades. I hope you understand NOW why. Eventually, these industry giants work together. It's all a game for them while common people/traders get rugged on leverage. I bought BTC around this level of $17450 and I still feel BTC will be above $75k in the next 24 to 36 months. So zoom out and watch higher time frames. Even if you see this chart, we might have wicked down to $17166 but still, we are trading inside the channel. Although am not sure what is about to happen next, I could tell. you one thing for sure, If you are selling now you will regret it for life. If you are buying now you will be thankful in the long run. This is the yearly low now. Still do your own research, I will be more than happy to buy BTC around $13k to $15k if it gets there. LTF Update:- We will wait for the daily close and the upcoming weekly close. If the FTT shit goes on for the next 2-3 days more we can see more lows. Avoid leverage if you are new. I hope this update helps you. If it did, give it a like. BE STRONG, THIS WILL PASS. The decisions you take for the next few months are very important. DYOR Not financial advice. Thank you #PEACE
by Cryptorphic
39