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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
WILL BTC BREAK THIS $27K CEILING???Greetings, dear readers, Welcome to this BTC update within the 6-hour timeframe. BTC has been making persistent efforts to overcome the FWB:27K resistance level. However, it has yet to breach the $27.5k mark. Currently, BTC has formed a resistance trendline, and its ability to surpass this trendline is crucial. A failure to do so could potentially lead to a decline back to the FWB:25K range. In the next few hours, if BTC manages to break and secure a close above the $27.3k resistance, we might anticipate a positive trajectory for BTC. Conversely, should it face rejection and dip below the 21 MA support, we should prepare for a downturn. I emphasize the importance of conducting your own research and analysis before arriving at any trading decisions. Trade with care and caution. Best regards, Team Dexter.
BINANCE:BTCUSD
by Dexter_The_Trader
5
Look Beyond BTC : Counters get you REKTHi Traders, Investors and Speculators of Charts📈📉 The markets are trading in the red and it can be hard to spot good trading opportunities during bloodbaths. Trading Bitcoin NOW can be tempting, especially when prices are actively moving. However, acting on impulse without a plan leads to reckless gambling more often than not. Savvy traders wait patiently for ideal opportunities with defined risk-reward ratios. Rather than reactively jumping into trades, experienced traders proactively plan out trades and target entries. This means identifying key price levels in advance where the risk-reward ratio is favorable. For example, if your analysis shows a strong support level for Bitcoin at $23,000, you would wait to buy until that price is reached rather than FOMO shorting at $25,000. Executing trades according to a plan have higher success rates than jumping-the-moving-train trades. Look Beyond Bitcoin. BTC grabs attention when it moves, but plenty of other assets offer worthwhile trading opportunities. Expand your watchlist across stocks, forex, commodities, indexes, and more. Evaluate which markets are exhibiting solid technical setups or fundamental catalysts right now. Don't feel pressured to trade BTC just because it's moving. Sometimes the best trade is no trade if conditions aren't ideal. By targeting defined entry levels, expanding your watchlist, and waiting patiently for prime risk-reward setups, you take the gamble out of trading. Plan your next trade systematically instead of trading impulsively on emotion. This approach leads to consistent profitability over the long-term. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
by Crypto-Check-
39
BTC Bitcoin Price ahead of the FOMC decision next weekWhile Bitcoin has experienced a recent surge in price, there are notable indicators suggesting caution. Investors have begun to take profits, signifying a potential shift in sentiment. This could be indicative of a more cautious market stance, especially considering the prevailing uncertainties. A critical concern arises from Bitcoin's current position below its 200-week moving average. Historical data shows that this zone has often acted as a formidable barrier for Bitcoin's price movement. This pattern suggests that a sustained breakout above this level might prove challenging in the near term. The recent inflation figures from the Consumer Price Index (CPI) have sent shockwaves through financial markets, with a year-over-year increase of 3.7%, surpassing earlier estimates. This level of inflation, combined with the Federal Reserve's current interest rate range of 5.25% to 5.5%, is a cause for concern. The surprising stability of Bitcoin amidst such economic turbulence may not be sustainable in the long run. Adding to the apprehension is the concept of 'sticky' inflation, where prices continue to rise even in the face of elevated interest rates. The core CPI data, excluding energy price fluctuations, still reported a yearly increase of 4.3%, albeit lower than the previous month. This persistent upward trend in core CPI since September 2022 raises valid questions about the Federal Reserve's strategies moving forward. In light of these factors, it would be prudent to approach the current Bitcoin market with a degree of caution. While the cryptocurrency has shown resilience in the face of economic headwinds, the potential for increased volatility and the presence of significant barriers in its price movement could pose challenges for sustained bullish momentum. My Price Target for BTC Bitcoin is $23700. Looking forward to read your opinion about it!
Short
by TopgOptions
Bitcoin Trade #9 - Trying to catch a false breakoutHello friends! Despite the fact that the market is difficult, with no trading volumes and low volatility, we continue to publish personal potential trades. Today we're going to talk about a local trade for Bitcoin. Yesterday, we witnessed Bitcoin's price drop sharply on small timeframes and then shoot up just as sharply: As you can see on the 15-minute timeframe , this price movement first took positions away from buyers and then from sellers (look at the volume delta indicator below). However, BTC did not update the main local lows , below which it would be clear what awaits the price of BTC next. In turn, buyers failed to break sellers' stop orders above $26150 . Therefore, in our opinion, yesterday's events are a rehearsal for a real battle. Taking this into account, we are ready to implement the following Bitcoin trade: #BTCUSDT Long Enter 1 = 25556 Enter 2 = 25067 Average entry price = 25311 Stop = 24830 (- 1.9%) TP = 26831 (+6%) P/L ratio = 3.16 Why are there two entry points on the chart? We are not sure that sellers will be able to update the local lows from the current price. It is likely that the price of BTC will first rise to 26831 and then try to update the lows. Therefore, we divide the amount of the Bitcoin position into 2 parts: $5000 at $25556 and $5000 at $25067 we will definitely write about the results of the trade here in the comments! So subscribe to us so you don't miss any updates!
Long
by P_S_trade
31
BTC: HITTING THE SUPPORT ZONE ONCE AGAIN!Hello traders, I hope everyone is doing well. I want to share an important update about Bitcoin (BTC) in the daily timeframe. August has been quite surprising for BTC, as usual. We've seen sudden ups and downs in the market. Now, the big question is: Will September be kinder to BTC, or will it be another challenging month? Let's take a closer look at the situation on the chart. After all the price ups and downs, BTC is currently stable at $25.7k, which is close to a support zone marked by the blue box. Based on my analysis of both the weekly and daily charts, I anticipate that BTC should start a recovery from this support level soon. If BTC were to drop further, I expect it might go down to $24k before rebounding. However, if the price closes below $24k, it could indicate a different market scenario. That's the latest from me. If you have any thoughts about the market, please feel free to share them in the comments. I appreciate you taking the time to read this update. Best regards, Team Dexter
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
3
BTC to fall to $23.2k before final move to $37.2kThe last couple of months have definitely been difficult to trade. If you've made money, congrats. We've just been stuck in a lot of chop and I think the chop will continue until around early July before we see a trending move higher. Even though we've had a pump higher in the last couple of days, I still think we're in the process of a complex correction. So if you missed this move, be patient. I think the move higher in BTC will stall out somewhere in the grey box - somewhere between $28.3k-$23.7k. If we can't break that resistance, then I think the next move is going to shake a lot of people out. If you look at the chart, you can see that $23.2k is a level that still hasn't been tested as support, and I think that level will need to be tested before we can move much higher from here. I think the most likely scenario is that over the course of the next 3-7 days, BTC will test this level higher and alts will rally a little bit to bait in new longs. Then I think at some point next week, BTC will dump back to $23.2k. That's where I'll want to be long BTC ($23.2k) because I think there's significant upside there in a relatively short amount of time. I think we'll see a relatively fast move higher into the $30k range from that level (60% upside to final target). The first resistance being $32.8k, and the next and final resistance being $37.3ishk. Once we hit that 37k level, that's where I'll exit all of my longs, because I believe that after that, we'll see the continuation of the bear market below $10k. Be cautious trading alts over the next week or two. If you do, set tight stops and take gains while you have them. Because if we do see that dump to $23.2k, I think it's going to get very ugly for alts.
INDEX:BTCUSDLong
by benjihyam
35