#BTC/USDT Urgent Update. If you like money, Read This!Welcome to this quick update, everyone!
Bitcoin (BTC) is currently trading at around $98,400 at the time of writing.
BTC is making a **bearish retest of the 21EMA** on the daily chart, which is a crucial indicator for identifying short-term trends. This is particularly significant for traders involved in futures and options within the crypto market.
- Break above the 21EMA is bullish.
- BTC is also retesting the previously broken pennant pattern to the downside.
If you're feeling FOMO (fear of missing out), it's better to wait until BTC reclaims the Blue EMA and trades back inside the channel/pennant.
If these two levels are recovered, we could anticipate a new all-time high (ATH). However, until that happens, exercise caution. Trading volume is exceptionally low across exchanges, and it's worth noting that during holiday seasons, market makers often exploit these conditions to manipulate prices, leaving retail traders at a disadvantage.
While you're free to make your own decisions, my advice is to trade with confirmations. This approach provides an edge and makes holding positions more comfortable while effectively managing risk.
If you found this analysis and chart helpful, please hit the like button to show your support and feel free to share your views in the comments section.
Thank you!
#PEACE
Bitcoinmarkets
DAY 4 - Daily BTC UpdateContinuing my 7 Days of CRYPTOCAP:BTC - Day 4
There are a couple of different moves for BTC, as follows:
🎁 1st Pattern: Christmas Present on the Way!
This pattern hints at a potential holiday rally—Bitcoin might be wrapping up a bullish gift for us just in time for Christmas. Keep an eye on the levels forming as the market prepares for a festive push!
(Must hold the low)
🌱 2nd Pattern: Kicking Off the New Year Green!
Should pattern 1 break down - The New Year could start on a bullish note! This pattern shows Bitcoin gearing up for a strong January, potentially setting the tone for 2025. Stay tuned—this could be the start of something exciting!
📊 Fear & Greed Index:
Dipped to 55, cooling off and setting the stage for the next big move. Historically, this range signals a prime setup for a bull market. Sentiment is resetting, and the crypto crowd is getting ready to charge.
When you step away and think you have a moment to celebrate, Bitcoin may have other plans.
Keep a close watch on these setups—volatility loves the holiday season. 🚀🚀🚀
BTC/USD Short: FibCloud Rejection and 200MA TargetOn the 8-hour BTC/USD timeframe, I have executed a short position following a clear rejection from the FibCloud, signaling strong resistance at this level. The price action showcases a classic flip of old support into new resistance, further solidifying bearish momentum.
My target for this trade is the $90,000 price zone, aligning with the 200MA on the 8-hour chart. Additionally, order flow data confirms significant sell-side activity, with large orders clustered between the $90,000 and $89,000 levels, providing further confluence for this setup.
The trade is structured to capitalize on the retracement move, with the potential for price consolidation or reversal upon hitting the $90K psychological and technical support zone.
Technicals:
• Entry Trigger: Rejection from FibCloud and resistance flip.
• Target: $90,000 (aligned with the 200MA and key order flow levels).
• Stop Loss: Positioned above the FibCloud to mitigate risk.
• Order Flow Insight: Large sell orders between $90,000–$89,000 add weight to the bearish scenario.
This setup emphasizes a disciplined approach to risk management, leveraging technical and order flow alignment for optimal execution. Stay sharp, and remember to pay yourself!
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.
BTC/USD "Bitcoin" Crypto Market Heist Plan on Bearish Side🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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"In markets, gravity always wins."📉 Bitcoin Analysis (BTC/USD) 📉
Bitcoin's meteoric 100% rise since September screams overextension. The euphoria may be fading, and a correction looks imminent.
🔻 Key Levels to Watch:
$73,800: The first major support—breaking this could accelerate the drop.
$65,600: A likely target if bears take full control.
The chart suggests BTC is overdue for a pullback. Corrections after such rallies aren’t just likely—they’re inevitable. Bulls, buckle up. Bears, this might be your moment.
"In markets, gravity always wins."
Bitcoin | Low Timeframe TradeIf the market breaks below the red line, I will place an order at 98.464$ as shown in the figure. This is a low timeframe trade and please do not take too much risk on it. I usually do my analysis in the high timeframe and take most of my risk there.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
BTC Faces Significant Selling Pressure from Long-Term HoldersBitcoin ( CRYPTOCAP:BTC ) has faced intensified selling pressure from long-term holders (LTHs), who have offloaded approximately 1 million BTC since mid-September, contributing to its current 13% dip from its all-time high of $108,000. This marks the largest discount since the U.S. presidential election. While short-term holders (STHs) have stepped in to absorb some of this supply, demand imbalance continues to weigh heavily on Bitcoin’s price.
1. Long-Term Holders’ Selling Behavior
LTHs, defined as investors holding BTC for over 155 days, have been distributing their holdings as prices show strength. Over the past week, LTHs sold 70,000 BTC in a single day, marking the fourth-largest one-day sell-off this year, according to Glassnode data.
Their holdings have dropped from 14.2 million BTC in September to 13.2 million BTC, signaling a strategic move to realize profits during this period of heightened market volatility.
2. Short-Term Holders Absorbing Supply
STHs have accumulated 1.3 million BTC during the same period, partially offsetting LTHs' selling. However, this accumulation hasn’t been enough to sustain upward momentum, resulting in continued price weakness.
3. Market Liquidity and Exchange Activity
The circulating supply of Bitcoin stands at 19.8 million tokens, with 2.8 million BTC held on exchanges. Notably, 200,000 BTC have exited exchanges in recent months, indicating a trend of investors moving assets to cold storage.
This dwindling exchange balance could limit immediate liquidity, further impacting market dynamics.
Technical Outlook
Bitcoin is trading in a bearish zone, currently down 0.49% with a Relative Strength Index (RSI) of 42. The recent market sell-off liquidated approximately $1.4 billion, exacerbating downward pressure.
Key Levels to Watch
Support Level: If selling persists, CRYPTOCAP:BTC could dip to $85,000, a key support level aligning with the 23.6% Fibonacci retracement.
Resistance Level: For a bullish reversal, CRYPTOCAP:BTC must break through $101,000, a pivotal psychological and technical barrier that aligns with the 38.2% Fibonacci retracement.
Outlook and Implications
The ongoing selling by LTHs reflects a strategic shift, possibly influenced by macroeconomic uncertainties and profit-taking at current levels. Meanwhile, STHs’ buying activity suggests continued confidence in Bitcoin’s long-term potential.
However, the imbalance between supply and demand could lead to further short-term price volatility. Investors should closely monitor key support and resistance levels and market activity from these cohorts to anticipate the next significant price movement.
Conclusion
Bitcoin’s price trajectory remains uncertain amid significant selling pressure from LTHs. While oversold technical indicators hint at a potential rebound, the lack of sufficient demand from STHs raises concerns about sustained recovery. The next few days will be critical for Bitcoin as it navigates these pivotal price levels.
Will CRYPTOCAP:BTC bounce back like it has in past corrections, or is a deeper dip on the horizon? Only time will tell. Stay tuned for further updates!
Is the Top In? Bitcoin's Diminishing ReturnsMany of us have seen the Bitcoin Rainbow chart before. Right now, it implies that there is still room for another leg higher. According to Blockchain Center's 2023 chart , the 'Is this a bubble?' price range is around $111,914 to $143,429.
However, we also see the highs diminish over time. The first peak is outside of 'Maximum Bubble Territory,' the second reaching the same area, and the third hitting 'Sell. Seriously, SELL.'
While this pattern suggests BTC may only reach 'Is this a bubble?' or 'FOMO intensifies' this cycle, there's another pattern that indicates 'HODL' might be as far as it goes.
In the logarithmic chart above, we can see that BTC's price follows a pattern of diminishing returns. It has moved from low to high as follows (rounded):
1. 2010/2011: 0.01 to 31.91 = 3,191x
2. 2011/2013: 1.99 to 1,242 = 624x
3. 2015/2017: 162 to 19,785 = 122x
4. 2018/2021: 3,125 to 68,977 = 22x
5. 2022/2024: 15,479 to 108,367 = 7x
That means the multipliers from low to high have decreased with the following factors:
624.12 ÷ 3,191 ≈ 0.1957 (a 5.10x factor decrease)
122.09 ÷ 624.12 ≈ 0.1955 (a 5.11x factor decrease)
22.07 ÷ 122.09 ≈ 0.1809 (a 5.52x factor decrease)
7.00 ÷ 22.07 ≈ 0.3170 (a 3.15x factor decrease)
The most recent bullish run appears to be an outlier; if there'd been a 5.52x factor decrease from 22.07, that would've meant a rough 4x (22.07 ÷ 5.52) from the low, or a peak of 61,916.
There are multiple ways to interpret this pattern, and why it may or may not be holding this time around:
On the bullish side:
It's 'different' this cycle
A pro-crypto Trump administration/SEC chair shifts fundamentals
Growing legitimisation of BTC in institutional and regulatory circles
More funds flowing in via BTC ETFs
Currency debasement means more demand for BTC
The Rainbow chart indicates there's more room to grow
The halving pattern is still playing out
Search interest is below previous peaks on Google Trends , implying more potential interest
On the bearish side:
The culmination of bullish fundamental factors has overextended the pattern (much like how RSI can show an asset overbought for a long time before an eventual correction)
A risk-on year for assets more broadly has dragged BTC up with it, taking it past the established pattern
A larger market cap makes it harder to continue expanding exponentially as the market matures. BTC's market cap is $1.8t right now.
There is diminishing marginal demand—those already interested in BTC have bought in, reducing the pool of potential buyers
The Fear and Greed index has already reached levels see in previous peaks, like 2021
The feverishness surrounding meme coins is reminiscent of previous bubbles, like the ICO bubble and Dotcom bubble
Discussion
I think there are strong arguments to be made on both sides.
On one hand, it's true that it really might be different this time around. There's certainly more institutional adoption and regulatory clarity than ever before, with Trump even talking about a strategic Bitcoin reserve. There weren't Bitcoin ETFs in previous cycles, and the halving pattern suggests a peak usually around 1-1.5 years later; it's only been 8 months since the halving in April.
While the dollar will likely get stronger under Trump (potentially weakening BTC), there is the argument that weakening purchasing power in many countries is driving entities towards 'hard' assets, like gold, silver, and Bitcoin.
Then there is the room for more retail investors to participate, given search results for ' Bitcoin ' and ' buy Bitcoin ' are lower than previous highs (though I will note that 2021 was also lower than 2017). Lastly, while the Rainbow chart does show diminishing peaks, it does suggest we could still hit 'Is this a bubble?' or higher.
On the other hand, this recent run to $100k+ was mostly fueled by Trump's election win and his backing of crypto-friendly Paul Atkins for SEC chair. BTC jumped from around $69k on the day of the election—a bit above the top projected by the factor decrease pattern—and Trump's win may have temporarily distorted the pattern.
It is also possible that the market is reaching maturity. Assuming that BTC will move to $250k in 2025 as some predict, its market cap would be around $4.9t. That would put it above Apple's market cap of $3.775t but still decently below gold's $17.6t .
However, there's a reason gold is the most valuable asset in the world by market cap: it has historical, cultural, and social significance. Its durability and lustre meant it was used to decorate temples in ancient times and as a symbol of divinity. Over time, that led to it being valued as currency in ancient empires and eventually backing the dollar.
In contrast, Bitcoin is relatively young; while feasible that it could eventually overtake gold and still remarkable that it's achieved such a large market cap in around 15 years, it does beg the question if $250k would be too far, too soon. After all, central banks are hoarding gold right now, not Bitcoin.
This ties in with the reducing marginal demand for BTC. Those who already believe in its potential have bought in; while the number of participants is likely to go up over time, there don't seem to be many catalysts for many more to join in the near-term (besides rumours of a strategic BTC reserve).
2017 was the first time BTC really went mainstream. Alongside relatively low interest rates and a weak dollar, FOMO drove the rally; BTC jumped more than 20x that year. 2021 was similar; cheap money, pandemic boredom, a broader awareness of crypto, and FOMO, pushed BTC to new ATHs.
Looking ahead to 2025, there appear to be more bearish catalysts than bullish. Most notable is a Fed worried about inflation and whether it's appropriate to pause easing of rate cuts ( Deutsche Bank expects no cuts in 2025 , which while a bit extreme, is indication of the current state of affairs). At the time of writing, that's already pushed BTC down to GETTEX:92K from $108k.
There is a US stock market that has risen over 60% since the start of 2023, compared to an average annual return of around 10-11% since 1980. There's also the promise of inflationary tariffs, discretionary spending cuts, rising yields, etc. all of which are the opposite of bullish signals.
Combined with the Fear and Greed index hitting 94 in November (just under the 95 peak in early 2021, late 2021 saw peaks of 74) and extraordinary runup in memecoins recently—Fartcoin is worth $1.25 billion right now, up from $40 million at the end of October—the vibes are feeling a bit toppy.
Conclusion
In my opinion and on the balance of probabilities, the combination of the currently-overextended diminishing returns pattern and the fundamental factors described skews Bitcoin bearish from here.
There are certainly many counter-arguments to be made and I respect the fact that markets can stay irrational for a long, long time and I could be completely wrong (along with the fact I have my own biases). But, I do think it's at least difficult for me to be bullish or buy into Bitcoin here. The risk-reward isn't great; maybe a 2x is achievable, and that also possibly explains a lack of further retail interest and the pump in meme coins recently.
As an aside, it's interesting that this pattern would theoretically continue to produce diminishing returns until
the multiplier eventually reaches near-zero. I don't think that would be how it works in reality, but it does indicate that Bitcoin could reach a ceiling as cycles continue. Does that imply the pattern has to break at some point, or that there is a true 'natural' high for BTC?
I'd be interested to hear your thoughts. Thanks for reading.
Disclaimer:
This content is for informational purposes only and should not be considered financial, investment, or trading advice. The author is not responsible for any financial losses incurred based on this information. The opinions expressed are solely those of the author and are based on current data and analysis, which may not be accurate or complete. Always conduct your own research.
BITCOIN | IF DECLINE GOES DEEPERThe possibility of a deepening decline appears serious, and it’s essential to stay prepared for such scenarios. I have identified my hedge short levels at the red boxes, which I consider key areas for managing risk and capitalizing on potential downward movements.
Monitoring these levels closely will be crucial to adapting effectively to the market's evolving structure.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
Bitcoin Dips to $96K Amid MARA and Hut 8’s Major Accumulation SpBitcoin ( CRYPTOCAP:BTC ), the flagship cryptocurrency, faced a notable price dip to $96,300, reflecting a 6% decline over the past 24 hours. Despite this, significant institutional purchases by MARA Holdings and Hut 8 highlight the growing confidence in Bitcoin's long-term potential.
Institutional Accumulation on the Rise
MARA recently purchased 15,574 BTC at an average price of $98,529 per Bitcoin, totaling $1.53 billion. This acquisition, financed through zero-coupon convertible notes, has increased their holdings to 44,394 BTC, worth $4.45 billion at current prices.
MARA’s year-to-date BTC yield stands at an impressive 60.9%, underscoring their strategic accumulation approach.
Another institutional player, Hut 8, announced the purchase of 990 BTC for $100 million. These acquisitions demonstrate that major players view current prices as an attractive entry point, reinforcing Bitcoin's narrative as a store of value.
Market Sentiment and Activity
Despite the dip, CryptoQuant reports no signs of widespread panic selling. This indicates resilience among market participants, with many holding firm in anticipation of a rebound. Additionally, Bitcoin remains 4.59% up in December and 60% up over the past four months, reflecting its strong performance in the broader macroeconomic environment.
Technical Analysis
1. Relative Strength Index (RSI):
Bitcoin’s RSI currently sits at 35, signaling oversold conditions. Historically, such levels have often preceded a price rebound.
2. Fibonacci Retracement Levels:
Immediate support is observed at the 65% Fibonacci retracement level, a critical zone that could stabilize the price. However, persistent selling pressure might push Bitcoin lower, with potential targets at:
- $90,000 (1-month low)
- $80,000 (key psychological level)
3. Volume and Liquidations:
Over $100 million in liquidations occurred in the last 24 hours, suggesting significant market volatility.
Short-Term Outlook
While the dip has raised concerns, Bitcoin's fundamentals remain strong, bolstered by robust institutional demand. The oversold technical conditions and significant support levels suggest a potential recovery in the coming days. However, traders should remain cautious, as further dips could occur if broader market conditions deteriorate.
Conclusion
Bitcoin’s dip to $96K reflects short-term volatility, but the sustained interest from institutional players like MARA and Hut 8 underscores its long-term potential. As market sentiment stabilizes, Bitcoin could see renewed bullish momentum, making this an opportune moment for investors to assess their strategies.
Bitcoin: Hold now, buy laterHello,
Bitcoin is a clear uptrend as the price is above the moving averages, as the picture on the left side of the chart shows. Technical indicators like Ultimate Oscillator, ADX, MOM, and MACD are bullish. However, RSI indicators are overbought, which means Bitcoin might go higher, but there'll be a better time to buy when the market corrects the overbought conditions. I hold my Bitcoins, but I won't buy any more until the upcoming correction, which might come soon.
Regards,
Ely
Bearish USDT.D Bounce Off Support Trendline, Total 2 + Total3 Here's a follow up study to my USDT.D analysis from a few weeks ago, showing the markets typically sell off and put in a near term market top when Tether Dominance bounces off this key trendline (since 2018).
This is likely a sign of further downside on Bitcoin and the Total Market Cap with a further 20% correction likely before we bounce again. Hopefully in time for a Santa Claus Rally.
Also I look at how price clearly rejected on the Total 2 and Total 3 Market Cap's at the old ATH's from 2021. So it's no surprise markets are selling off here.
I've been saying 'Show me the charts, and I'll tell you the news' for years...
So while Powell's comments today were Bearish, it was incidental.
The market needed a cooldown, and the FOMC comments today were just the catalyst.
Let me know what you think below, and go ahead and like the video if you'd like me to do more of these here on the TV channel.
For more about us, check out the links in my Bio.
btc long"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
Bitcoin: $73K Breakdown or $130K Breakout ? Your Thoughts !Post your thoughts and analysis in the comments and share your charts! I’ll respond and discuss your predictions. Let’s decode Bitcoin’s next big move together!
Bitcoin is at a critical Gann crossroad where time and price meet—a setup that traders cannot ignore. 📉📈 Is BTC ready to blast off to $130K, or will it lose momentum and plunge to 73K?
Understanding Market Cycles Through Gann's Principles-
W.D. Gann, one of the most legendary traders, discovered that markets move in predictable cycles based on time, price, and natural law. Gann's philosophy states that markets are not chaotic; they follow repetitive patterns influenced by planetary cycles, angles, and geometry. These cycles allow traders to identify turning points in price with incredible accuracy.
1. Time Cycles:
Gann emphasized that time is the most critical factor in forecasting market movements. He believed that history repeats itself, as cycles tend to recur after specific intervals. For example, key highs and lows often form at regular intervals (like 30 days, 90 days, or annual cycles). Gann connected these patterns with planetary cycles, such as the Saturn return (29.5 years), which often marks major shifts in financial markets.
2. Price and Geometry:
Gann introduced the concept of geometric angles, where price moves in harmony with time. The Gann Fan, for instance, uses angles like 1x1, 2x1, and 4x1 to predict the support and resistance levels based on a balanced relationship between price and time.
When a market breaks through a Gann angle, it signals a major trend change or continuation. This principle highlights how BTC could now be at a decisive point between 73K (downside Gann target) and $130K (upside Gann target).
3. Cycle Extremes and Reversals:
Markets tend to hit extremes before reversing. Gann believed that natural time cycles, such as the seasonal year or 90-degree quarters, correspond to price extremes. For example, Bitcoin may currently be completing such a time cycle, aligning with a potential breakout or breakdown. Recognizing where we stand in this cycle allows us to anticipate the next big move.
4.The Law of Vibration:
Gann’s Law of Vibration explains that every financial asset vibrates at a specific frequency. By identifying these vibrations through time and price charts, traders can forecast future price movements. BTC's current consolidation may be a result of price vibrating at a critical frequency before a decisive upward or downward move.
Understanding market cycles through Gann’s time-tested principles is like decoding the market's hidden language. BTC’s current setup aligns perfectly with Gann's theories, signalling a potential major move. Is it a $130K breakout or a 73K crash?
👉 Share your thoughts and analysis. How do you see this market cycle unfolding? Let’s discuss! Bitcoin: 73K Collapse or $130K Explosion? What's Next? Share Your Analysis!
Bitcoin Halving and Its impact on price growthExecutive Summary
BINANCE:BTCUSDT Bitcoin’s halving events have historically marked significant milestones in its price trajectory, often serving as catalysts for substantial growth. Each halving reduces the reward for mining new blocks by half, effectively decreasing Bitcoin’s issuance rate and increasing its scarcity. This predictable supply shock, combined with growing global adoption, has led to a recurring cycle of price surges post-halving.
In this analysis, I'm trying to explore Bitcoin’s price performance after each halving event, focusing on the time it takes to surpass previous all-time highs (ATHs) and reach new price peaks. Using historical data and trendline analysis, we provide insights into Bitcoin’s current trajectory following the April 19, 2024, halving, and evaluate the potential for its price to reach unprecedented levels in this cycle.
Key observations
November 28, 2012 Halving
After Bitcoin's first halving, it took approximately 368 days to surpass its previous ATH of ~$31 (set in June 2011).
New ATH (November 2013): ~$1,242.
July 9, 2016 Halving
Post-halving, Bitcoin took 266 days to exceed its prior ATH of ~$1,242 (set in November 2013).
New ATH (December 2017): $19,764.
May 11, 2020 Halving
Following the 2020 halving, Bitcoin surpassed its previous ATH of $19,764 (from December 2017) in just 161 days.
New ATH (November 2021): $69,000.
April 19, 2024 Halving (Projected)
As of December 2024, 238 days post-halving, Bitcoin has already surpassed its prior ATH of $69,000 (from November 2021) and is currently trading at $101,393.
Trendline Analysis
Drawing a trendline connecting the 2017 ATH ($19,764) and 2021 ATH ($69,000) reveals a potential upper boundary for BINANCE:BTCUSDT Bitcoin’s post-halving growth. This trendline indicates that Bitcoin may test the upper range, with a target price around $200,000 USD in the current cycle.
Risks to Consider
Macro-Economic Factors: Geopolitical events, interest rate changes, or regulatory actions could disrupt market trends.
Market Liquidity: Declining liquidity could delay BINANCE:BTCUSD price breakout despite favorable conditions.
Unexpected Events: Network-specific issues or technological vulnerabilities may impact price movements.
Recommendations
For Traders: Monitor key resistance levels and trading volumes for breakout confirmation.
For Long-Term Investors: Consider accumulating during consolidation phases for optimal entry points.
For Analysts: Keep an eye on macroeconomic indicators and Ethereum’s network activity to validate price movement projections.
Conclusion
Bitcoin’s consistent post-halving price surges underscore the significant role halvings play in shaping its growth trajectory. Historical data and trendline projections suggest that Bitcoin has the potential to reach unprecedented highs in this cycle, with a plausible target near $200,000 USD. While macroeconomic factors and market dynamics may influence short-term movements, the long-term growth pattern remains compelling for investors and analysts alike.
Disclaimer: This analysis is based on historical data and is not financial advice. Cryptocurrency investments carry risks, and readers are advised to conduct their own research.
Ripple Receives Approval for StablecoinMarket Update - December 13, 2024
Amazon shareholders urge the company to allocate 5% of its reserves to bitcoin: The proposal highlights bitcoin’s outperformance against traditional assets and echoes similar moves by companies like MicroStrategy and Tesla.
Crypto liquidations hit $1.5 billion Monday as bitcoin dipped below $95K: But the world’s largest cryptocurrency rallied past $101,000 on Wednesday after positive inflation data set the stage for a rate cut next week.
Ripple's RLUSD stablecoin secures approval from New York’s financial regulator: The launch will now proceed with exchange and market-maker partnerships already in place.
Hong Kong accelerates crypto licensing as global competition heats up: Plans include streamlined approvals for crypto trading platforms and new regulation for stablecoins.
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➕ Topic of the Week: IPOs, ICOs, and STOs – What’s the Difference?
XRP Again!A nice bull flag is observable on the hourly chart. However, there are signs of bearish divergence on both the RSI and MACD, accompanied by decreasing volume. This suggests that the lower trendlines might be tested first, potentially reaching the structural support around 1.7.
Following this, we could anticipate a bullish turnaround. This could form the basis for a breakout from the flag pattern, aiming for a measured move to 3.5, which aligns perfectly with the 1.618 Fibonacci level. For this breakout to be valid, it should occur with significant volume and be followed by a retest of the breakout level to confirm the target.
If these conditions aren't met, there's a risk of a fake out, leading to a drop back into previous structure, necessitating a re-evaluation of the position.
Disclaimer: NFA - These are just ideas. 💡
Bitcoin's Critical Juncture: A $100K Test or a Bearish Turn?
Bitcoin, the world's largest cryptocurrency, has recently reached a critical juncture. Its price action has formed a key support level that bulls must defend to maintain the upward momentum and potentially pave the way for a new $100,000 price push.
A Pivotal Support Level
After a period of consolidation and recent price volatility, Bitcoin has found support at a significant level. This level acts as a crucial line in the sand for the cryptocurrency. If bulls can successfully defend this support, it could signal renewed bullish sentiment and potentially trigger a fresh rally towards the coveted $100,000 price target.
Bullish Resilience
Despite facing headwinds from broader market volatility and regulatory uncertainty, Bitcoin bulls have shown remarkable resilience. The recent bounce from the key support level underscores this bullish sentiment. It demonstrates the underlying strength of the market and the unwavering belief of many investors in Bitcoin's long-term potential.
A Glimpse into the Future: A Golden Warning
However, a closer look at Bitcoin's performance relative to gold raises some concerns. By analyzing historical price patterns, a potential bearish fractal has emerged. This fractal, when compared to previous market cycles, suggests that Bitcoin may be due for a significant correction, potentially as much as 35%.
This bearish signal stems from the fact that Bitcoin's price against gold has reached resistance levels that historically coincided with the start of bear markets in 2018-2019 and 2021-2022. While this fractal analysis provides a valuable perspective, it's essential to remember that market conditions can change rapidly, and past performance is not indicative of future results.
The Road Ahead
The coming weeks and months will be pivotal for Bitcoin's price trajectory. If bulls can successfully defend the key support level and maintain the upward momentum, a new $100,000 price push could be on the horizon. However, if the bearish fractal plays out, a significant correction may be inevitable.
It's crucial to approach Bitcoin investing with a long-term perspective and a risk management strategy. The cryptocurrency market is inherently volatile, and price fluctuations are to be expected. By staying informed, conducting thorough research, and diversifying investments, investors can navigate the complexities of the market and position themselves for potential rewards.
Key Takeaways:
• Bitcoin has reached a critical support level that bulls must defend.
• A successful defense could trigger a new $100,000 price push.
• A bearish fractal suggests a potential 35% correction.
• The cryptocurrency market is highly volatile, and price predictions are uncertain.
Additional Considerations:
• Macroeconomic Factors: Global economic conditions, interest rate policies, and geopolitical events can significantly impact Bitcoin's price.
• Regulatory Environment: Regulatory positive and negative developments can influence investor sentiment and market dynamics.
• Technological Advancements: Ongoing technological advancements in the blockchain space can drive innovation and adoption, positively impacting Bitcoin's long-term prospects.
By carefully considering these factors and maintaining a balanced approach, investors can navigate the complexities of the cryptocurrency market and position themselves for potential rewards.
CLV ready to get a step upCould see a solid push or two up any moment.
Youtubers have been pushing many towards buying into highs.
I tell you when i buy and start to take profit often.
Currently I'm in and stacking more.
I think we will struggle to take $0.10 out. Possible we bust through and use it as support??
NOT FINANCIAL ADVICE!!!
what is next ? 100K and above ?Hello ,
as you can see in the weekly frame the price still in a bullish trend , BUT is the price really going to 100k or the price on the maximum top now ?
the price failed to cross 74k in weekly frame candle , to be sure that is a correction the price should not be under 50k in weekly frame if it does we are going back to 40k and under
to reach 100k and above the price should cross the 74k in the weekly frame candle
according the the chart we still under 70k and no high liquidity.
the price still in correction for now , the decision is yours :)
Can Bitcoin Sustain Its Meteoric Rise and Reach the $110,000 MarBitcoin's Meteoric Rise: A Rally Towards the $100,000 Mark
Bitcoin, the world's largest cryptocurrency, has once again defied expectations, surging past the historic $100,000 milestone. This remarkable achievement comes amidst a backdrop of sluggish performance in traditional assets such as oil, gold, and the S&P 500 index.
A Bullish Outlook for 2025
Analysts are increasingly optimistic about Bitcoin's trajectory, with some predicting that the rally will continue well into 2025. This bullish sentiment is fueled by a confluence of factors, including growing institutional adoption, increasing regulatory clarity, and a strengthening global economy.
As more traditional financial institutions and corporations embrace Bitcoin, the cryptocurrency's legitimacy and mainstream appeal have surged. This institutional adoption has significantly contributed to the price surge, as large-scale investors seek to diversify their portfolios and gain exposure to the emerging digital asset class.
Furthermore, regulatory developments around the world have played a crucial role in shaping Bitcoin's future. While regulatory frameworks vary across different jurisdictions, increased clarity and supportive policies have fostered a more conducive environment for cryptocurrency investment.
A Closer Look at the Technical Indicators
Despite the impressive rally, technical indicators suggest that Bitcoin's upward momentum may be losing steam. The "Choppiness" index, a measure of price volatility, has been steadily increasing, indicating a potential shift towards a more sideways market. While the $100,000 level represents a significant psychological barrier, breaking through the $110,000 mark may prove to be a more challenging task.
Long-Term Holders: A Sign of Strength or Weakness?
The behavior of long-term Bitcoin holders has also sparked debate among market analysts. Some argue that the increased accumulation of coins by long-term holders is a bullish signal, suggesting strong conviction in the cryptocurrency's long-term potential. Others, however, believe that this could be a sign of impending weakness, as long-term holders may be preparing to sell their holdings at higher prices.
The Future of Bitcoin: A Fork in the Road
As Bitcoin continues to evolve, several key questions remain unanswered. Will the cryptocurrency achieve widespread mainstream adoption, becoming a staple in investment portfolios worldwide? Or will it face increased market volatility and regulatory hurdles, potentially leading to a price correction?
Furthermore, the future of Bitcoin may be intertwined with the development of innovative technologies such as blockchain and decentralized finance (DeFi). These emerging technologies have the potential to revolutionize various industries, including finance, supply chain management, and healthcare.1
Investor Sentiment: Hold, Sell, or Buy More?
Retail and institutional investors alike are grappling with the decision of whether to hold, sell, or buy more Bitcoin. While the cryptocurrency's recent performance has been impressive, it's essential to approach investment decisions with caution and conduct thorough research.
As with any investment, it's crucial to consider your risk tolerance, financial goals, and long-term investment horizon. Diversification is also a key strategy to mitigate risk and optimize returns.
Conclusion
Bitcoin's journey to the $100,000 milestone is a testament to its resilience and transformative potential. While the future remains uncertain, the cryptocurrency's underlying technology and growing adoption continue to drive its value. As the digital asset landscape evolves, it's imperative to stay informed and adapt to the changing dynamics of the market.