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Potential BTC Drop: Brace for a Decline to $20,000As you may be aware, the recent volatility in the cryptocurrency market, particularly Bitcoin (BTC), has raised concerns among traders and analysts alike. Based on our analysis and observations, it is crucial to address the potential risks associated with BTC's current price levels. While Bitcoin has experienced an impressive rally in recent months, surpassing all-time highs, there are indications that a correction may be on the horizon. Our conservative estimates suggest that if BTC falls below the critical support level of $25,000, it could potentially drop further to around $20,000. Considering these possibilities, it is essential to evaluate your investment strategies and assess the potential impact on your portfolio. We strongly advise traders to exercise caution and consider taking appropriate measures to protect their positions. One such strategy that may be worth exploring is shorting BTC. Shorting Bitcoin allows traders to profit from a declining market by borrowing BTC and selling it at the current price, with the intention of buying it back at a lower price in the future. This approach can help mitigate potential losses and even generate profits in a bearish market. While shorting BTC carries its own risks and requires careful consideration, it can serve as a hedge against a potential downturn. We encourage you to consult with your financial advisor or conduct thorough research before implementing any shorting strategies. As always, we appreciate your trust and loyalty. Stay vigilant and stay informed.
BITSTAMP:BTCUSDShort
by bryandowningqln
BITCOIN: UPDATE IN 12 HOURS TIMEFRAME.Greetings, fellow traders, This update serves as a follow-up to our previous communication. If you missed it, you can find the link below for your reference. In light of recent developments, BTC has experienced a notable rejection in the past few days, leading to the emergence of crucial support and resistance levels. These levels bear significant importance not only for BTC but for the broader market as well. As the price has dipped, BTC is currently being upheld by two pivotal support levels, namely $26k and $25k. The integrity of these supports is of paramount importance. A breach below the second support level could have unfavorable implications for the market. On a more optimistic note, for the bullish scenario to unfold, BTC must overcome the $27.3k resistance threshold. Success in this endeavor is instrumental in sustaining the uptrend. I trust that this elucidation provides clarity and aids in refining your trading strategies. For a deeper comprehension, I encourage you to conduct your own research. Thank you for your attention. Warm regards, Team Dexter
BINANCE:BTCUSDShort
by Dexter_The_Trader
1
BTC Trading Alert: Exercise Caution Immediately with $28300I am reaching out to provide you with an important update regarding the current Bitcoin (BTC) market and the potential target price of $28300. As you may be aware, BTC has been displaying considerable volatility and has recently approached the target price of $28300. While it is challenging to predict the exact outcome, it is crucial to exercise caution and consider the potential risks associated with further trading at this time. Given the uncertainty surrounding the market, I would like to encourage you to pause your BTC trading activities temporarily. This recommendation is made to ensure the safety of your investments and to mitigate any potential losses that may arise from the current volatile conditions. By pausing your BTC trading, you will have the opportunity to reassess the market situation, evaluate the risks involved, and make informed decisions based on a more stable market environment. Remember, the cryptocurrency market is highly unpredictable, and it is essential to prioritize the preservation of your capital. Taking a step back from trading during this uncertain period will provide you with an opportunity to gather more information, analyze market trends, and potentially avoid any unfavorable outcomes. Please note that this idea serves as a cautionary advice, and ultimately, the decision to pause BTC trading is entirely up to you. However, I strongly urge you to consider this recommendation seriously, as it may help protect your investments from potential losses. Should you have any questions or require further assistance, please do not hesitate to reach out by commenting below.. We are here to provide guidance and support during these challenging times. Thank you for your attention and understanding. Stay safe and make informed decisions.
BITSTAMP:BTCUSD
by bryandowningqln
BTCUSDTBased on the given market data, BTC is currently priced at 27381.0 USDT. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 35.72, 56.51, and 53.28 respectively. The RSI values indicate that BTC is nearing oversold conditions in the short term (4 hours), but is in a relatively neutral position in the longer term (1 day and 7 days). The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are -68.90, 296.0, and 233.0 respectively. The negative MACD for 4 hours suggests a bearish trend in the short term, while the positive MACD for 1 day and 7 days suggests a bullish trend in the longer term. In terms of Bollinger Bands (Bb), the 4-hour, 1-day, and 7-day bands are located at 27758.0, 27101.0, and 28045.0 respectively. The current price is slightly below the middle band in all three time frames, suggesting a neutral to bearish trend. The Support levels for 4 hours, 1 day, and 7 days are 27132.0/26970.0/25881.0, 25965.0/26057.0/25350.0, and 24680.0/21516.0/19520.0 respectively. The Resistance levels for these time frames are 27637.0/28000.0/28600.0, 28380.0/28774.0/30175.0, and 28578.0/32800.0/33500.0 respectively. In my opinion, BTC is showing signs of short-term bearishness but long-term bullishness. Investors should keep an eye on the support and resistance levels, as well as the RSI and MACD for potential buy or sell signals. Please note this analysis is based on historical data and does not guarantee future performance. Always do your own research and consider your risk tolerance when investing in cryptocurrencies.
by MarsSignals
3
$BTC's Key Resistance Trendline for This WeekBTC has been very bullish since late September and early October, but has reached strong resistance at $28k. The orange trendline is a key price target where BTC bulls and bears are struggling to gain control over this price level. The trendline acted as support for a few hours before ultimately breaking below, and is currently acting as short-term resistance. For now BTC is trading in a range between the white support zone and the $28k resistance level. In order for BTC to climb up higher this orange trendline needs to be flipped into support. The markets have been affected by the new Israel Palestine conflict. Other key events this week are September PPI inflation data and Fed meeting minutes on Wednesday October 11. I think the markets are likely to have some sideways price action on Tuesday in anticipation of the new inflation and fed data.
COINBASE:BTCUSD
by realchartchamp
Macro, multi year view of BTC. Update 1Notes on the chart: • Month counting starts from where a new bull run begins and on the chart it marks how many months it took for the full cycle to complete (roughly 49mo). • Blue horizontal lines are BTC halvings. • Green zones are accumulation zones Overall update of the 4-year journey Back from our previous post we were looking at when the lows would be printed. After the rally in H1 of 2023, we are now looking at the expectations in the year looking forward and up to 2025. In trend with previous years when a new cycle starts an initial top is usually printed within 6 months and this time was no different. Based on history, from month 6 (July 23) onwards, up until the halving which is expected in March 2024, BTC has seen significant drops. However, I would strongly argue this is the true accumulation zone: 1) Confirmation of the 4-year cycle low has been set. Of course, this can be invalidated, but I would say that a significant catastrophic event would be needed to reach such levels. 2) Before every bull run, a shake-out is needed as it achieves the transfer of bitcoin from retail back to investors AND 3) Large institutions are finally eyeing to tap into the market and be exposed to this. I think it would be impossible for anyone in this space to miss the idea of a BTC spot ETF being delayed over and over but the narratives just seem to be perfectly aligning for the upcoming years 24,25. Those would be: US elections, returning to QE as recession fears grow (consumer spending is dwindling), possibly the Ukraine war will be over, and BTC halving. Takeaway The period up until the halving will be volatile. However, based on history DCA up until the halving should allow you to have a fairly comfortable position for the following years.
BITSTAMP:BTCUSD
by Slickxbt
BITCOIN: DESCENDING TRIANGLE FORMATION.Hello everyone, Here's a brief BTC update in a 12-hour timeframe. BTC has shown some positive movement lately but hasn't managed to break the descending triangle's resistance. If BTC could break and stay above this resistance line, it might have signaled a trend reversal. Unfortunately, it faced rejection, and we might see more price drops as a result. Currently, key support levels are at FWB:27K , $26k, and $25.3k. I anticipate that BTC could shift from a bearish trend to a bullish one in the near future. What are your thoughts on this? Feel free to share in the comments. Best regards, Team Dexter
BINANCE:BTCUSD
by Dexter_The_Trader
3
BITCOIN IS RECOVERING 28k LEVEL IN SIGHT#Bitcoin is beginning to recover as it approaches the $26,000 level, forming a valid trendline after rejecting the previous $25,000 level (Bullish Orderblock). The current price action is approaching a crucial resistance cluster between $27,300 and $27,500, and there is a healthy daily candle above the EMA 50. The price action broke through the EMA´s 50 & 200 Golden Cross on September 23rd. If this break continues into the next week, I´m expecting Bitcoin to reach at least the $28,000 level as an R1 pivot level. If $28,000 is broken aggressively, there is a good chance of Bitcoin returning to $30,000 again in mid-October. However, if the price action somehow breaks the $24,800 level, there could be further losses for Bitcoin, and a potential turning point is around $24,000, which would represent a bearish trend formation if it breaks. Stay updated with Bitcoin at: blog.bitcoin.com
BINANCE:BTCUSDLong
by Adoamigo
1
Where to from here on BTCI did a series of similar posts on SPX predicting its paths, and they have played out beautifully. Let's see what BTC is up to. We must look at a lot of things when guessing the direction of any asset, like looking at DXY, yields and traditional markets, but in this post, I will ignore all that, look at BTC purely based on its market structure. On larger timeframes we have not made any progress at all in 6 to 7 months on bitty. We have just been ranging, we ranged from 25 to 31K in Range 1, then again did the same thing in Range 2 and now it seems are about to repeat that again and maybe form range 3. I want to see either Range 4 or Range 5 present themselves for any new possibilities until then well we just keep ranging. Right now, I am looking at the yellow part that played out last time when we rotated from bottom to top in Range 1. An additional thing to note is the time it took for full rotation in Range 1 was 94 days and we are on the 94th day today and in Range 2 where we are seeing comparable price action highlighted in yellow so the possibility of a full rotation back-up must not be ignored. If we do, there are two long term play that appear, we either break out of this range and form a Range 4, above, or we are in a distribution here and will create a Weekly Head and shoulder by creating a lower high this time around 29500-30500 area. Now to the question, why have we been ranging. Because of the law of supply and demand. We have massive Supply right above where we btc has been hitting its head and bounce from weekly demand. As you can see, we have almost depleted the supply, but demand is deep, and we have only scratched the surface of it. So, it's possible if we create a lower high this time around, we dig very deep into the demand which would be in confluence with the target of the Head and shoulders that will form with lower high.
BYBIT:BTCUSD.P
by zakoraio
Bitcoin Halving AnalysisHere are the elements I see when I analyze Bitcoin halving for long-term investment in a monthly time period. A bull run comes after every halving. First run 9784%; second run 3147%; The third run sent Bitcoin up 553%. When we apply Fibonacci correction to the bear market that came before the run, we can determine the point where the run will go. When we apply Fibonacci to the bear season in 2011, we see that the 3.618 level is $1344. In the run after the halvings, Bitcoin saw exactly this level. When we apply Fibonacci to the bear market that came in 2014 after the bull market, this time the level of 2.618 shows the level of $19728. In the bull run after the halving in 2016, we see that Bitcoin rose to this level. When we applied Fibonacci to the withdrawal in 2018, the 1.618 level showed the $47500 level. As expected, Bitcoin ran up to this level in the post-halving bull run. Now, when we apply Fibonacci to the bear market after 2021, we see that the 1.382 level indicates the $110091 level. What should be noted here is that in every bull run, Bitcoin rises to one less Fibonacci level. This is due to the logarithmic chart we use. Perhaps Bitcoin may rise to 1,618 or even 2,618 levels again in this halving, but I calculated it at 1,382 for a realistic analysis. You can also see other Fibonacci values on the chart. RSI peaks after every halving. However, these hills began to lag and lose their strength as time went by. According to the Fibonacci calculation we mentioned in the previous article, if the price will rise to 1.382, it is consistent for the RSI to peak lower than in 2021. However, if the rise is greater, this pattern will be disrupted and the RSI will make a higher peak. But the time when the peak will come will be approximately at the end of 2024 - the beginning of 2025. When the RSI is 50 and below, there have always been bottom times for Bitcoin. Therefore, we can say that it is the best time to buy Bitcoin when the RSI is around this level. After seeing the bottom, Bitcoin rises by finding support at the Fibonacci levels of the rise. For example, when we apply Fibonacci to the 2012 rise, we see that Bitcoin retreated to the 0.372 level and then started to run by finding support at 0.236. After the run in 2016, Bitcoin Fibonacci retreated to 0.5, then rose and found support at 0.382, starting the bull season. After the run in 2020, Bitcoin retreated to 0.618, which is one lower level than the previous run, and now we expect it to find support at 0.5. This means that Bitcoin has the potential to reach the $20,000 level, and a withdrawal to this level will not be a decline, but will find support and start the bull season. This is just a technical analysis by me. In the end, Bitcoin may or may not reach this level. But I will make my investment according to this analysis. My friends who think Bitcoin will drop to $0, please sell your Bitcoins because I will buy them.
INDEX:BTCUSDLong
by YavuzAkbay
1
BTC Bitcoin Technical Analysis and Trade IdeaIn this video, we observe that Bitcoin has exhibited a bearish sentiment in recent times, as evidenced by the formation of lower lows and lower highs on the 4-hour chart. Presently, BTC is undergoing a retracement, approaching levels of previous resistance. Within the video, we delve into a prospective trading opportunity, taking into account essential factors such as prevailing market trends, price action and market structure. It's crucial to emphasize that the video provides an analysis of these elements. However, it is essential to note that the content should not be interpreted as financial advice. Trading inherently involves substantial risks, and it is imperative to exercise prudent risk management strategies
COINBASE:BTCUSDShort
by fxtraderanthony
6
BITCOIN: A REVERSAL OR DOWNWARD MOVE.Hello readers, Welcome to this quick update on BTC in a 6-hour timeframe. In my previous update, I mentioned the $27.3k resistance level which BTC clearly didn't manage to break out, resulting in a rejection toward $26k. If this pattern continues, we can expect BTC to reach down to FWB:25K or $24.5k. This could be the possible odd scenario for BTC. Talking about the positive side, a trend reversal and breakout above FWB:27K could turn the table around. The 21 MA which was acting as a support had turned out to be resistant to BTC. A miraculous reversal could save BTC from falling any further down. What is your expectation in this current situation? Let me know in the comments. Best regards, Team Dexter.
BINANCE:BTCUSDShort
by Dexter_The_Trader
2
BTC Consolidation Continues at $26,000 - A Moment to PauseAs you may have noticed, BTC has been demonstrating a remarkable consolidation pattern, maintaining a steady value of around $26,000. This prolonged consolidation phase suggests a potential stabilization in the market, indicating a temporary equilibrium between buyers and sellers. Such periods can often serve as an opportune time for traders to reassess their strategies and make informed decisions. Considering this situation, I would like to propose a momentary pause in active BTC trading. By stepping back and observing the market dynamics, you can gain valuable insights into the potential direction BTC may take in the near future. This pause will allow you to analyze the current market sentiment, evaluate any emerging trends, and make well-informed trading decisions based on a more comprehensive perspective. While the decision to pause your trading activities ultimately rests with you, I believe it is crucial to consider the benefits of taking a momentary break during this consolidation phase. By doing so, you can minimize the potential risks associated with volatile market conditions and ensure you are well-prepared for any future opportunities that may arise. I understand that trading is a dynamic and ever-evolving process, and it is essential to adapt to changing market conditions. Pausing your BTC trading now does not imply a long-term cessation but rather a strategic move to reevaluate your approach and align it with the evolving market landscape. In conclusion, I invite you to take this opportunity to pause your BTC trading activities temporarily. By doing so, you can gain a clearer understanding of the current market dynamics and potentially position yourself for more favorable trading opportunities in the future. Thank you for your attention, and please feel free to reach out if you have any questions or require further clarification. Wishing you successful trading endeavors.
BITSTAMP:BTCUSD
by bryandowningqln
BTC Bitcoin Price Target | Binance vs SEC Lawsuit Binance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws. The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community. Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities. Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market. Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May. The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty. These developments collectively cast a shadow over the cryptocurrency market's near-term prospects. In this context, my price target for BTC Bitcoin is $23700. Looking forward to read your opinion about it!
Short
by TopgOptions
4
Bollinger Bands Tightly Consolidated as BTC Remains Range Bound At present, Bitcoin has been trading within a narrow range of around $27,000, and this prolonged consolidation phase is a cause for caution. The Bollinger Bands, a widely used technical analysis tool, suggest that volatility is diminishing, and a significant price movement could be imminent. In light of this information, we strongly urge you to pause your Bitcoin trading activities temporarily. It is crucial to exercise patience and avoid making hasty decisions during such periods of consolidation. While it may be tempting to seize potential opportunities, the current market conditions warrant a more cautious approach. Here are a few reasons why we believe it is prudent to exercise restraint and pause BTC trading for now: 1. Reduced Volatility: The narrowing Bollinger Bands indicate a decrease in price volatility. During such times, market movements tend to be limited, making it challenging to predict short-term price trends accurately. 2. Potential Breakout: The tightly consolidated Bollinger Bands often precede a significant price breakout. By pausing trading, you can avoid potential losses resulting from sudden and unpredictable price swings. 3. Risk Management: Taking a step back from trading allows you to reassess your risk management strategies and ensure you are well-prepared for any potential market shifts. It is crucial to protect your capital and make informed decisions when the market provides clearer signals. While the decision to pause trading ultimately rests with you, we strongly advise against making impulsive moves during this consolidation phase. Consider this as an opportunity to reevaluate your trading strategies, conduct thorough research, and seek expert advice if needed. We will continue to closely monitor the market and keep you updated on any significant developments. Remember, patience and discipline are key virtues in the world of trading, and it is during these uncertain times that they become even more crucial. If you have any questions or require further guidance, please do not hesitate to comment below. We are here to assist you throughout this period of consolidation. Thank you for your attention, and we wish you all the best in your trading endeavors.
BITSTAMP:BTCUSD
by bryandowningqln