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Bitcoinforecast

Bitcoin Will Hit 10,000$ incoming DaysBitcoin MARKET UPDATE Bitcoin support levels $16,200 and $14,200 strong Support (buyers available at this position). Bitcoin resistance - $17,500 and $18,600 strong resistance (sellers available at this position). Market depends upon Bitcoin movement so we updated you about Bitcoin now trade with Risk management accordingly to this bitcoin update. ——————————————————————— Analysis - Bitcoin's previous daily candle closed below its resistance level of 17500$. A further selloff was prompted today by reports of the FTX Exchange hack, Due to the weekend closure of the financial markets, there is currently a low trading volume, which makes the market highly volatile. Avoid High leverage trading until market stabilized and manage your risk properly.
Short
by Waqar212
2
Bitcoin 500k Cycle Fixed (LUNA Leverage) + Bitcoin Mining Stocks ill keep it short, remove the Luna leverage creating a massive short squeeze followed by a long squeeze we have almost completed the expected 686 - 707 Day Bear market Bull market confirming by Jan 2023 with a historic pattern repeating the price to 500k (Indicated by the blue pattern lines replicating what should have happen without Luna) Opportunities? Look how cheap well managed Bitcoin mining companies are with balances they never had to sell, this is especially something that can create leverage plays on top of Bitcoins price, the collapse and bankruptcy of the other Bitcoin miners might have just marked the short term Bottom. ------------------------------------------------------------------------------------------ HIVE Blockchain -87.03% Change (1 year) Market cap: $0.23 Billion (USD) 30 Sep 2020 | 55.1 P/E Ratio 5 Nov 2022 | 4.41 P/E Ratio ------------------------------------------------------------------------------------------ Hut 8 Mining -85.24% Change (1 year) Market cap: $0.42 Billion (USD) 31 March 2020 | 38.8 P/E Ratio 5 Nov 2022 | -17 P/E Ratio ------------------------------------------------------------------------------------------ Riot Blockchain -82.30% Change (1 year) Market cap: $0.96 Billion (USD) 30 Sep 2021 | 233.6 P/E Ratio 5 Nov 2022 | -2.6 P/E Ratio ------------------------------------------------------------------------------------------ Grayscale Bitcoin Trust -74.93% Change (1 year) Market cap: $2.15 Billion 3 Nov 2022 -36.29% Discount/Premium to NAV ------------------------------------------------------------------------------------------ This just covers same basics of my research would need videos to properly present it, take a look around at these unheard of discounts that leverage on top of the BTC price hell you could even purchase LEAPS on most of the mining companies. Meanwhile in Narnia land people are searching for Alt coins to make returns you could easily open your eyes and see the opportunities right in front of you here with extreme P/E discounts, but like always it will be the future around 2025 and obvious when these miners end up having market caps like Gold Miners these are almost a 100x Leverage play on Bitcoin hell you could even get it to 400x with calculated LEAPS. Talk about an opportunity this risk to reward just blows my mind (Disclaimer I do own and are actively collecting listed miners after heavily checking their financials I do believe they are three most well managed mining companies that exist right now)
BITSTAMP:BTCUSDLong
by UnknownUnicorn7947829
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