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Bitcoinmoon

Update on the Path to $100K and $150K BitcoinHere's an updated 'Path to $100k - $150k Bitcoin' study. We've already seen the power of the ETF money flowing into these markets, which seems unstoppable with Blackrock and Fidelity now with over $16B in AUM. We're also now seeing heavy corporate accumulation by the likes of MSTR which just upsized it's convertible debt offering to $700M from $600M to buy more Bitcoin. But as I've been speculating lately that other corporate accumulation has already begun, and would soon be 'revealed' at quarterly earnings reports and 10K filings... A wallet address associated with Tesla has started showing new accumulation of BTC. According to news sources: "Data from Arkham Intelligence reveals Tesla's apparent accumulation of Bitcoin, with holdings now at 11,509 BTC, up from 9,720 BTC. This surge, amounting to 1,789 BTC (approximately $120.4 million), suggests a renewed interest in the cryptocurrency." And they're likely not the only ones. It's a game of musical chairs, and not everyone will have a seat when the music stops. How high will this push Bitcion and the rest of the crypto markets? As you can see from this study analyzing the past cycle's fibonacci projectsions which correctly called the market cycle top exactly, and also by overlaying the last cycle's price action pattern, stretched out slightly to account for the pre-halving tempo of this market... We can clearly see $100k Bitcoin as the likely next point of resistance, and after potentially re-testing the current $70k new high, bitcoin could easily push higher to $155K this year. Similarly, the chart suggests that at a full 3.618 Fibonacci extention like the last cycle, puts Bitcoin at a $210K high this cycle, likely in 2025. What ar your thoughts?
COINBASE:BTCUSD
by BrettFogle
Last chance to buy. Last week was very eventful for BTCUSD. Breaking out of the two week long consolidation, the price surged, increasing by around 20%. However, after reaching a local high on Thursday, the price began consolidating recent gains and is adjusting to the $60,000 mark. The positive for bulls is that this consolidation is forming a symmetrical triangle, which we know typically indicates a continuation pattern. In conclusion, in my view, any dips should be considered opportunities for buying, and only if the price drops below 59K in terms of daily closing would this scenario be put on hold.
BITSTAMP:BTCUSDLong
by samstoobad
1
Bitcoin With the Expected Pullback but How Far?Bitcoin has given us our expected pullback and now we must look at the support side to study which supports will hold price and for how long?The first option, as of this post, is that the pullback will only last till Tuesday (U.S. stock markets are closed Monday) and then the buyers come back via BTC ETFs. If this is the case, it may also mean that our RED ascending trendline, which currently sits at around 50,300, may hold. If our RED ascending TL holds, there is a likelihood we go to 56k before more pullback. Our second scenario is that the TL breaks and we drop to 48k before more buyers jump in. This is my hope because it represents the best technical options. I’d like to see a retest and hold of our 48k price level. And if we hold, I see the upward longer-term trend continuing for some time.Of course, we could always break 48k support. This is our third scenario. If 48k support breaks, we do have a lot of support underneath us and I don’t see us dropping much below 42k before demand kicks back in. Remember, ETFs are currently demanding 12x+ more than BTC miners can provide. This is on a liquidity ratio of 1 to 4, meaning that something like less than 25% of all Bitcoin in current circulation is even available for trading. Simple math here suggests a near impossibility to drop to 20k or lower again as some analysts are suggesting. Even 31.6k, as I had previously suggested (this was before ETFs were actually confirmed and approved) is now somewhat of a bygone dream. But with current U.S. geo-political policy as disastrous, devastating, disgusting, and destructive as it currently is, it remains a possibility. Anything that brings the price to that level will almost certainly be news-driven at that point in my opinion. Other indicators that we must consider are the strength of the U.S. dollar and the status of the U.S. stock markets. The dollar (below) continues its rise in strength to that 105.6 target level as predicted many months ago. Once achieved, back down we’ll go. Dollar weakness is almost always reflected in market price which then trickles over into our crypto space. But even more so does this last part ring true with the advent of BTC ETFs in the space. If the dollar does as I have expected and drops once it hits or nears that 105.6 resistance level, the meltup that I predicted a year and a half ago now, will continue onwards and upwards to even greater highs. Many markets and indices have already achieved all-time highs. This melt-up should continue into mid-late summer. But somewhere before September you can expect it all to end and come crashing down. Bitcoin would then follow at that point but from what price level and to what extent is yet obviously unknown. I do believe Bitcoin reaches at least 80k by mid-late summer. Any sort of crash from that point could bring us quickly back down to 48k or lower. But, I don’t want to speculate price action too dogmatically that far into the future. What I am fairly sure of is a blow-off top (already happening in U.S. stock markets) and then a fairly severe pullback (potential crash) sometime around or before September of this year. This is what I am attempting to prepare myself and those who follow me for. Now lastly, in terms of my current trades, I have taken profits on most and been stopped out of others at or just above break even. I mainly did a just-above-break-even SL for psychological benefit as it shows green on my spreadsheet (insert smiley emoji). Once I have ascertained to a greater degree where this current pullback will find support, I will begin looking for new entries again.
INDEX:BTCUSDLong
by stewdamus
Bitcoin halving starts in 60 days. I like this price channelI’m not saying that Halving will begin on April 8th, this is an assumption based on my findings. My forecast is this: Bitcoin is now a colossal success for ETFs, and now "MicroStrategy" has like-minded people, it is enough to single out one figure for everything to fall into place, "BlackRock", which is accumulating 82000 Bitcoins today and announces on the "CNBC" channel that they will be accumulating Bitcoin for several more years. Based on these important facts, I have a positive forecast for a new high in the price of Bitcoin.
BITSTAMP:BTCUSD
by GarateTradeCrypto
BTC - Bitcoin Falling to $32,000! Or Will It Fall Lower?Bitcoin completed its measured move from the breakout at $31,800, to $37,800 and reached its peak at $48,900! As expected, we witness a sell signal at this level, indicating that the bull run is over. Should we short or long? How do we trade this? 🤔 My last analysis began just after the confirmation bar closed after the sell signal that wicked at $48,900. This analysis called for a short to just above the trading range support at $38,350: That short has come and gone, there is not enough area left to short without placing too much initial risk on the trade. It is still reasonable to short on lower timeframes like the 5m and 15m chart, but not the 4HR and Daily as we're doing here. We should be looking for long entries in the Trading Range zone between $31,800 and $37,500, right at the Daily 200EMA support. If we find a strong bull signal and confirmation candles following that support area, we should enter at least a 1:2 Risk/Reward Ratio long with a position size near our maximum, as justified by these data points and the macro bull trend. Stop loss should be placed below the Trading Range at $34,300. It's reasonable to take half profits at 1:1 Risk/Reward around $38,900, move the stop loss to your entry price to lock in profits, and then swing the rest of the position to at least $41,200. 💡 Trade Idea 💡 Long Entry: $36,600 🟥 Stop Loss: $34,300 ✅ Take Profit #1: $38,900 ✅ Take Profit #2: $41,200 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Measured Move completed followed by strong sell signal and confirmation bars 2. Two legs into a pullback with a gap to fill to the Daily 200EMA 3. Look for Support to long in the Trading Range near the Daily 200EMA 4. RSI at 38.00 and below the Moving Average, supports the continued to fall to the Trading Range 5. Once a strong signal and confirmation bull bars close above the Daily 200EMA, it's reasonable to long at 1:2 Risk/Reward 💰 Trading Tip 💰 It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
INDEX:BTCUSDLong
by TraderEngineering
Bitcoin Lifetime Analysis → Reverse to $20,000 Before New Highs?Bitcoin broke out of it's trading range between $25,000 and $32,000 and touched $44,800! Does this mean we're going to new all-time highs? I'm skeptical for a parade of reasons, all of which are based on historical and current data points. Let's dig in! How do we trade this? 🤔 Recent Data Since the trend reversal in January 2023 we've had three pushes to the upside, which is a textbook leg count before the trend converts into a trading range. The RSI has also been over 70.00 since October 2023 and the Daily candles leading up to December 4th 2023 could be the exhaustion bars at the end of the bull trend. This is enough evidence to warrant a pull back, likely to the top of the trading range around $32,000. Historical Data When are we going to see new all-time highs? Refer to the Monthly chart above. We can see that prior to hitting 3 of the 4 new all-time high events, Bitcoin will make contact with Lifetime Support. The one exception was the 2013 all-time high. Another data point is the Bitcoin halving has occurred prior to *every* new all-time high. There is one more clue in the Weekly chart to observe! Look at the 2019 high, looks very similar to where we are now: Double-bottom reversal before touching Lifetime Support on Feb 2019, three pushes to the upside hitting the 2019 high, RSI over 70.00, price failed to break the 2019 high then capitulated to Lifetime Support, Bitcoin Halving happened shortly after, THEN went to new all-time highs. I believe this is the situation we're in right now. If we don't make contact with Lifetime Support, I believe we need to at least come back down into the trading range before hitting new all-time highs. We also have the Bitcoin halving happening in the April 2024 area, all seems conveniently timed based on what we've discussed here! Trade Options There are many ways to trade this: 1. Fading your position down to lifetime support: Longing support areas as the price falls, starting with smaller positions and increasing your entry at every level. 2. Waiting for a bounce at lifetime support or in the trading range: Playing the reversal, which includes not entering until you see a reversal signal then you enter with a larger position. 3. Scalp your positions with higher probability of profit, but less profit and more risk in your Risk/Reward Ratio. To strike a balance between Risk, Reward, and Probability, I'll stick with a standard Reversal Entry, which means we wait for a reversal confirmation. Based on this analysis, we should look to enter after a Lifetime Support or Trading Range bounce around $25,000. Enter in this price area, place a protective stop below the last bear run low at $15,000. Take profit areas are based on previous resistance and the projected lifetime resistance range of $120,000 and $130,000. The first take profit is at the price we just hit around $45,000, the next take profit should be just before the current all-time high around $65,000, the final take profit should be below the projected new all-time high somewhere in the $120,000 and $130,000 area, around $105,000. You could add more take profit areas between $65,000 and $105,000 based on lower timeframe analysis, but we don't have that data yet. More updates will be provided as the months go by. Let me know your thoughts! 💡 Trade Idea 💡 Long Entry: $30,000 🟥 Stop Loss: $15,000 ✅ Take Profit #1: $45,000 ✅ Take Profit #2: $65,000 ✅ Take Profit #2: $105,000 ⚖️ Risk/Reward Ratio: 1:5 🔑 Key Takeaways 🔑 1. Bullish since January 2023. This is not *THE* bull run. 2. Bull Breakout of $25,000 to $32,000 Trading Range, but RSI overbought. 3. Every New All-Time high was Preceded by Touching Lifetime Support. 4. Bitcoin has not Touched Lifetime Support. Pullback to $20,000 Area. 5. RSI is above 70.00, Supports Pullback. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
INDEX:BTCUSDLong
by TraderEngineering
Potential Path To $150k+ Bitcoin in 2024Here's my revised "Potential Path To $100k+" chart, adding in new factors that further point to the higher Fibonacci targets. Similarly, the 3.618 accurately predicted the exact market cycle top in 2021 (drawn from the 2018 Hi / Low cycle)... Worth noting - see chart. The following factors show 3 levels for Bitcoin upside in 2024, which I've labeled as 3 scenarios described in more detail below (Likely, Probably and Possible). 1. BlackRock & Fidelity ETF's Approval - (We know this is happening, just not sure when). 2. QE Money Printing To Pay Down US Debt - (The US won't have a choice. Other countries are). 3. Bank Failures, Bank Runs & Transfer Into BTC - (More regional bank failures are happening). 4. Hyperinflation & De-Dollarization (BRICS) - (We haven't seen effects yet, but likely coming). 5. Corporate Accumulation - MSTR / Apple /Tesla - (MSTR raising 750M Common Stock for BTC). 6. Country Accumulation (New Reserve Currency) - (More will follow El Salvador this cycle). 7. Post-Halving Less Bitcoin Miner Selling ($12B) - (Miners will have less to sell > 2024 halving). I've broken these down into 3 scenarios... Likely Target ($100k) - Bitcoin was widely 'expected' to hit $100k in the last cycle, and the math supports the reasons why. With $20T in investable assets in Gold + Silver + US Real Estate in 2023, just 10% of this moved over to Bitcoin gives BTC a $2T market cap alone. It's also the 1.618 Fib target for the next cycle as shown. Probable Target ($155k) - Looking at the bars pattern from the Oct 19th 2020 breakout, we can see a rapid rise in Bitcoin followed, driving price up to the April 2021 initial high for BTC. This also coincides with the 2.618 Fibonacci target on the charts. Possible Target ($210k) - Again looking at the last cycle drop starting in Dec 2017, to the low in Dec 2018, the 3.618 Fib target was exactly where the peak around FWB:64K in April 2021. Many believe this to be true 'high' although later we had a Wyckoff 'Thrust' higher to $69k. In the near term, the bars patterns also shows confluence for a pause right at the Fib Golden Pocket between FWB:48K and $50k. Since round numbers act as market magnets, I feel $50k is the next push higher before a meaningful profit taking pullback. Also notable is the 21 week MA which has been an excellent support / resistance barometer over the years, and price has just firmly broken above that in recent weeks. So this is looking very bullish to me here, and I'm expecting we go higher... Time will tell if one or more of these scenarios come to pass! What do you think??
COINBASE:BTCUSD
by BrettFogle
BTC Bitcoin and the Altcoin Season ThesisThe recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season. With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space. This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin. The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market. The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins. The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities. Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list. This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various cryptos, including BTC Bitcoin, for which my price target is $37360. Looking forward to read your opinion about it!
Long
by TopgOptions
BTCUSD 1D IdeaCowabunga, my fellow wave warriors! 🤙 Time to shred the financial waters and catch some tasty barrels of opportunity! Next week's plan looks like we might be in for an exciting ride! There's a possibility of a bullish rally pushing the prices higher, possibly soaring towards the daily Order Block (OB). But, you know, we gotta stay realistic too, and not get too carried away with our hopes and dreams. 😎 Even though it might be a stretch, imagine catching a big wave from the weekly discount prices all the way to the moon! 🌙✨ That's what every surfer curu dreams of - scoring some sweet long positions and seeing those profits skyrocket! But remember, fellow surfers, it's all about keeping that cool head and mastering those precise entries. Analyze the charts, study the market, and make your moves with precision like a surfer carving through a gnarly wave. Of course, there are no guarantees in the world of waves and finance, but that's what makes it an adventure! Let's dream big and aim for those epic gains! 🤙 Just like catching a perfect wave, it's all about timing and skill.
COINBASE:BTCUSDLong
by themarketknight
1
Bitcoin Will Rise Bullish SidewaysDaily TF and Bigger Picture Bullish 30 Min. is currently bearish,Bitcoin needs to fill the previouse Gaps southern area.I have marked them for you. The gaps have to be filled first, because BTC rose too fast and it needs to pick up the buy orders that areas.. Otherwise, the Bull trend will be slowed down. I am long, and stay long. The VP is trending Bullish, The POC lies above 26980.This is a strong sigal and Indicatr that the market should and will retur back to those areas. In northern areas we have very high volumes. Above 26000 we will experience higher buy pressures. I have market key level prices for you. Geerally this correction is necessary and healthy for BTC as it offers many buying oppurtunieties at support areas and turning key levels. Below 19000 The bearish trend will be started.
CAPITALCOM:BTCUSDLong
by DaveBrascoFX