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Bitcoin to $69K? Corrections, Pitchforks, and Fibs—Oh My!Bitcoin is making its way toward that $69K target, but it’s not going to be a straight shot—expect a few corrections along the way. Using pitchforks and Fibonacci levels, we’ll map out where BTC might stall or pull back before reaching the goal. If this breakdown was helpful (or at least mildly entertaining), give it a like, share your thoughts in the comments, and hit follow for more updates. Your support keeps the analysis flowing—because let’s be honest, predicting Bitcoin’s next move without these tools is like trying to guess when your next Amazon package will actually show up Happy Trading Mindbloome Trader
BITSTAMP:BTCUSDLong
by Mindbloome-Trading
BITCOIN IS FINALLY READY TO LIFT OFF !!After several months of consolidation and reaccumulation between $50,000 and $70,000 USD, OKX:BTCUSDT BINANCE:BTCUSDT INDEX:BTCUSD CME:BTC1! has formed a massive bull flag and is finally beginning to break out. Since 2012, Bitcoin has surged in the weeks leading up to U.S. presidential elections, only to experience a "sell the news" event afterward, regardless of the winning candidate or party. Mark your calendars for November 4th, 2024, to stay ahead and avoid potential liquidations. This pattern is corroborated by most altcoins, which are signaling strong buy indicators through multiple technical factors. Also, please remember the annual tax sell-off that typically occurs in late December. Bitcoin is on a path toward $140,000–$160,000 by March 2025, which I expect to be the ultimate peak. The 16-year cycle, which has held on average for the past 100 years, will conclude, leading to a global recession akin to 2008 but even more severe. The events of 2022 and the August 2024 flash crash were just preludes to what may be coming. Please note, this is not financial advice. Always conduct your own research, exercise due diligence, and practice proper risk management. (I apologize for the picture from KuCoin on top of the TradingView chart; I forgot to renew my premium subscription.) Best regards, and may fortune favor the bold, cy4ne
Long
by cy4ne
Bitcoin Parabolic Bull Run with the Latest 200-Day MA CrossAfter a brief dip below the $60,000 mark on October 10, Bitcoin (BTC) has regained momentum, inching closer to its all-time high (ATH) of $73,700, reached in March of this year. This price recovery follows considerable volatility experienced by the largest cryptocurrency on the market throughout the year, with significant price swings, including sharp falls of almost 20% on 5 August and 6 September. The 200-Day Moving Average (MA) A key indicator to watch for Bitcoin is the 200-Day Moving Average (MA). This technical analysis tool represents the average closing price of Bitcoin over the past 200 days. When the price of Bitcoin crosses above this long-term moving average, it often signals a bullish trend reversal. Historical Significance Interestingly, the last three times Bitcoin's price crossed above the 200-Day MA, it triggered a "parabolic bull run." This refers to a period of rapid and sustained price increases, characterized by a parabolic curve on the price chart. The first instance occurred in 2016, when Bitcoin's price surged from around $400 to over $20,000 within a year. The second instance took place in 2019, with the price climbing from roughly $3,000 to nearly $14,000 in a similar timeframe. Most recently, in 2021, Bitcoin's price soared from approximately $29,000 to its ATH of $73,700. Current Outlook Given the historical significance of the 200-Day MA crossings and the recent price recovery, many analysts are closely watching Bitcoin's price action in anticipation of a potential breakout. If Bitcoin successfully breaks above its ATH, it could signal the start of a new parabolic bull run, potentially leading to even higher price targets. However, it's important to note that the cryptocurrency market remains highly volatile, and past performance is not indicative of future results. Several factors could impact Bitcoin's price trajectory, including regulatory developments, macroeconomic conditions, and investor sentiment. Key Considerations As investors evaluate the potential for a Bitcoin breakout, they should consider the following factors: • Regulatory Environment: The regulatory landscape for cryptocurrencies varies across different jurisdictions. Favorable regulatory developments can boost investor confidence and drive price appreciation, while unfavorable regulations can create headwinds. • Macroeconomic Factors: Global economic conditions, such as interest rates, inflation, and geopolitical events, can influence the overall market sentiment and impact the demand for risk assets like Bitcoin. • Investor Sentiment: The prevailing sentiment among investors towards Bitcoin plays a crucial role in determining its price direction. Positive sentiment can fuel buying pressure, while negative sentiment can lead to selling pressure. • Technical Analysis: Technical indicators, such as moving averages, relative strength index (RSI), and support and resistance levels, can provide valuable insights into Bitcoin's price trends and potential future movements. Conclusion Bitcoin's price action is approaching a critical juncture, with the potential to break above its all-time high. The historical significance of the 200-Day MA crossings and the recent price recovery have fueled speculation about a new parabolic bull run. However, investors should remain cautious and conduct thorough research before making any investment decisions. The cryptocurrency market is subject to significant volatility, and it's essential to consider the various factors that could impact Bitcoin's price trajectory.
BITSTAMP:BTCUSD
by bryandowningqln
13% profit 30% in total, bitcoin might do a new higher high Recap: first off all congratulations to everyone who followed my signals, we are on our second trade the first one made more than 16% profit and the second since September 1st made more than 13% and still going strong Since September 1st I've guided my followers through entry and exit points and thanks to my perfect entry the last panic sale didn't put us in the red even thought I've pleaded every trader to buy Bitcoin and that it will at least go above 65858$ and I've been trolled for saying that now the joke's on you Bitcoin will continue it's uptred and might do a new higher high
Long
by thebitcoin_trader
Good setup for BitcoinA break from the correction, marked here on the chart on the upper trendline, will be bullish for Bitcoin. There are some very good signs so far: 1. The MACD lines on the weekly chart seem to be converging, potentially going from negative to positive. 2. On the daily chart, we see the same pattern. This time, we broke the minor correction trendline with MACD lines already showing positive convergence. The power of one setup is often sufficient, but if it's valid on multiple timeframes, it's even better. What's your take on Bitcoin here?
BITSTAMP:BTCUSDLong
by WavesInvesting
BTCUSD Come on Baby, You are Ready to Bullrun1. Current Price Action Price is trading at around $64,719, approaching the previous all-time high of $67,752. There appears to be a breakout from a downward wedge pattern, indicating a potential continuation of the uptrend. The price target projected from this wedge is aiming towards higher levels. 3. Future Price Targets 1.272 Fibonacci extension is marked at $100,214, which seems to be the next major target on the upside if the price breaks above the previous all-time high ($67,752). The chart suggests that there’s a good probability of Bitcoin rallying towards this level if bullish momentum continues. 4. Trend Analysis The breakout from the wedge is significant, as wedge patterns often signal the end of a corrective phase. The breakout suggests that the market could resume its bullish trend after the consolidation. If Bitcoin sustains its price above $67,752, it would likely confirm a new bull run, with Fibonacci extensions providing potential targets for the next leg up. 5. Support Levels On the downside, the first major support is around the 0.786 Fibonacci retracement at $49,793. Below that, significant supports include $39,099 (0.618 Fibonacci level) and $32,992 (0.5 level).
Long
by YogaID
Bitcoin (BTCUSDT) Ready to Explode? Massive Gains on the HorizonThe current BTCUSDT setup shows a bullish momentum on the Risological Swing Trader following the entry point at 61,732.3 on 11th October. The price has moved steadily upward, reaching the first take profit (TP1) level at 63,482.7, which confirms the continuation of the upward trend. Key Support and Resistance Levels Entry Level: The trade entered at 61,732.3, representing a critical support level where buyers stepped in to drive the price higher. This region coincides with a prior consolidation, giving confidence to the bullish breakout. Stop-Loss (SL): Positioned at 60,316.2, this acts as a strong downside protection level, slightly below the consolidation zone to avoid premature exit. Trailing Stop: The trailing stop is now placed at 62,038, and will continue moving upwards as price action progresses. This method locks in profits while allowing for additional upside potential as BTC moves towards higher targets. Trend Analysis The price is above the Risological dotted moving average support line, confirming a healthy uptrend. BTC has made consecutive higher highs and higher lows, indicating strong bullish momentum. The current breakout from the 61,732 entry zone hints at further upside potential. As BTC moves toward TP2 at 66,315.0, we can anticipate continued bullish behavior if broader market conditions remain favorable. Targets and Profit Zones The immediate target was TP1 at 63,482.7, which has been hit or surpassed, giving confidence to the bullish scenario. Next, TP2 at 66,315.0 serves as the next resistance level where some profit-taking might occur, followed by TP3 at 69,147.4 and the ultimate TP4 target at 70,897.7. Risk Management The trailing stop set at 62,038 ensures that even in the case of a pullback, the trade will lock in gains. This dynamic risk management allows the trader to maximize profit while minimizing potential losses. With BTC showing strong momentum, moving the stop closer to the price is a sound strategy to protect profits. Conclusion Overall, Bitcoin continues to show strong bullish signs as it heads toward the next resistance levels. The key will be monitoring the price action near TP2 and adjusting the trailing stop as needed. If momentum remains intact, we could see BTC testing the higher targets of 69,147.4 and 70,897.7
Long
by ProfitsNinja
3
I'm light years away from everyone this was said September 30th On September 30th I posted that the last panic sale for bitcoin was a healthy pull-back and that it's just a panic sale People trolled me for that because they aren't traders they are gamblers And I've posted multiple time after that(check my profile) borderline begging people to buy Bitcoin for easy profit at least 5% now we are at more than 7% in 3 days Now is your chance buy as much as you can and follow to get the perfect exit point
Long
by thebitcoin_trader
2
More than 5% profit congratulations to the bullsIt's not too late this is just the beginning Since October we've seen a major panic sale from bitcoin holders simply because of some uncertainties regarding the political state of the USA I've entered my trade September 1st at 59036$ and I've been green since then Bitcoin did only what he was supposed to do which is recover in an explosive way 🧨🧨🧨🧨🧨 It's just the beginning it will at least go above the 65858$ higher high
Long
by thebitcoin_trader
ZKSync: Poised for a Major Breakout in the Coming Cycle!ZKSync is rapidly positioning itself as one of the top Layer 2 solutions for Ethereum, offering scalability, lower fees, and faster transactions key ingredients for the next wave of blockchain adoption. As Ethereum’s congestion issues persist, Layer 2 protocols like ZKSync are becoming essential, and with its zero-knowledge rollups and strong utility, it is set to outperform many major coins. In the coming cycle, I believe ZKSync has the potential for significant growth. With its solid technicals and increasing adoption, ZKSync is well-positioned to experience a breakout. Keep your eyes on this one it could be a top performer in the next market phase.
Long
by SaadFiaz
BTC/USDT 4H Trade Setup: Potential for Bullish ContinuationBitcoin’s 4H chart shows a potential bullish continuation after a healthy retracement. The market has pulled back into a key support zone, providing an opportunity to enter this trade with a favorable risk-to-reward ratio. The setup aligns well with the optimism surrounding the month of October, often referred to as “UPtober,” where historical data has shown strong price action for BTC during this period. Technical Analysis: • Price has retraced to a key Fibonacci zone, signaling a potential buy opportunity. • The FibCloud indicator shows price maintaining above key support levels, with a bullish breakout being tested. • Volume is picking up, indicating growing interest at this level, which could push the market higher. Risk Management: Given the volatility of BTC, managing risk is crucial. We are placing stop losses just below the last significant low to protect capital in case the market fails to break higher. Stay alert, and let’s see how this setup unfolds. UPtober could live up to its name! Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Long
by AR33_
My FINAL Bitcoin chart and Idea (forever)Everyone is too busy focusing on the wrong Technicals. Fear and Greed, RSI, MACD, Stock Markets, etc. All of these are good tools but we have to remember a few things: 1. Zoom out (Bitcoin follows the same 4-year cycle every time... this time is NOT different) 2. Keep it Simple (I'm tired of messy charts, only put what you need for the current timeframe) 3. Avoid Leverage (These areas are too risky and much too volatile... liquidity is getting grabbed at almost every level) Stay safe. I expect Bitcoin to retrace to $57k and then bounce back up... clear skies ahead if we can break out of this pattern I have drawn up. (If not we keep ranging as follows until we break significantly above the previous ATH) Peace out! It's been fun... I may return to crypto one day (if ykyk)
BINANCE:BTCUSDLong
by RetiredNovice
BTC Big Fall With MA-200 read the caption The price faced hurdles near a key bearish trend line at $64,200 on the same chart. There was no convincing close above the 100 simple moving average (red, 4 hours). The price corrected gains and declined below the $63,500 level. Immediate support is near the $62,200 level. The next key support sits at $61,400. A downside break below $61,400 might send Bitcoin toward the $60,500 support. Any more losses might send the price toward the $60,000 support zone. On the upside, the price could face resistance near the $63,250 level. The next key resistance is at $64,502. A successful close above $64,500 might start another steady increase. In the stated case, the price may perhaps rise toward the $65,501 level
BITSTAMP:BTCUSD
by Mrsam36
BTC Holding Above EMA200: Will We See a Jump to $66K?📈 📈 BTC/USD is currently holding strong above the EMA200, which is a key indicator of support. If the current support level continues to hold, we could see a significant move up towards the $66K resistance. However, if the support fails, we may see a retest of the $60K support zone before any potential recovery. Interestingly, the Stochastic RSI on the 4-hour chart is signaling that the market is in an oversold condition, which increases the likelihood of a bounce back in the near term. The next few moves are crucial—keep an eye on these levels and manage your risk carefully. #Bitcoin #BTC #CryptoTrading #TechnicalAnalysis #CryptoUpdate
BITSTAMP:BTCUSDLong
by Malaysiancryptocommunity