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Bitcoin Cycle Repeat? 1 Year Bull Run Above ATH Ahead!In the chart above, we’re comparing Bitcoin’s current cycle with its previous cycle. Bear Run (1 Year): The previous cycle started with a significant bear market that lasted exactly 1 year, characterized by a sharp drop in price from the peak. Recovery Phase (2 Years): Following the bear run, Bitcoin spent 2 years in a recovery and consolidation phase, gradually building a support base and regaining momentum. Bull Run Above ATH (1 Year): After consolidation, Bitcoin entered a 1-year bull run that pushed it above the previous all-time high (ATH), setting new records. Current Bitcoin Cycle: The current cycle appears to be mirroring the previous one closely: We’ve had a 1-year bear run, which aligns with the pattern seen in the previous cycle. This was followed by 2 years of recovery, with the price consolidating and gradually strengthening. If the pattern continues, we could be entering 1 year of a bull run above the previous ATH, starting now or very soon. Based on this repeating cycle pattern, the current setup suggests that we might have 1 year of a strong bull market ahead, potentially pushing Bitcoin above its previous all-time high by late 2025. Regards Hexa
CRYPTO:BTCUSDLong
by HexaTrades
BTC/USD | We could possibly see new highs before this year ends!We've seen former US President Trump used Bitcoin to pay for the food and drinks of patrons who attended the crypto-themed bar in New York. I guess this unique situation speaks for itself. If he will get re-elected, be ready for another breath taking crypto rally. But honestly here's my opinion, inflation is the greatest enemy of fiat currency because of the unlimited supply thus fiat currency loses its value as time passed and since BTC is limited, I think Bitcoin will be the safest storage of wealth in the future. Unlike Gold, you can bring your Bitcoin in any part of the world.
COINBASE:BTCUSDLong
by blue039
BITCOIN HEADING HIGHER! BUCKLE UP!!!COINBASE:BTCUSD NASDAQ:IBIT 🚀BITCOIN HEADING HIGHER! BUCKLE UP!!! 🚀 Bitcoin is unstoppable, and the next U.S. President won’t change that! 🌟 +67% Potential! In our previous video, we did a deep dive into Bitcoin. Here's what we covered: 1️⃣ High Five Setup: MASSIVE Multi-Year Cup & Handle and Bull Flag Patterns. 2️⃣ Historical Review: CRYPTOCAP:BTC tops and bottoms – spoiler: we haven’t topped yet! 3️⃣ Trade Insights: Entry/exit points and price targets. We've successfully bounced off the BULL FLAG retest area and are heading higher. Breaking $74k could mean a breakout of the multi-year cup n handle pattern, targeting over $100k! 🚀 It's early on election night, but in the long run, it doesn't matter for Bitcoin. Don’t believe the FUD. NFA #Bitcoin #Crypto #TradingStrategy #HighFiveSetup
COINBASE:BTCUSDLong
by RonnieV29
Bitcoin and Crypto US Election Day Forecast and Bullish TargetsHi everyone, In this video I break down how my Bitcoin forecast over the last few weeks has been playing out (nearly exactly) and where we likely go from here... I think Bulls are in control, and we'll see Bitcoin at ATH to $80k in the coming weeks... We review an article form POMP today, saying that who wins the election isn't really that important, and showing very bullish outomes after every previous election cycle... But I do think a Trump win is likely, and will propel Bitcoin higher faster. We look at the DXY and how that's rolling over nicely here, potentially taking us to "Bitcoin Rally Zone" and even the Vall-halla "Bitcoin Super Pump Rally Zone" where prices can really PUMP! I'm hearing more and more people talk about an early left-translated cycle and parabolic blow-off top by the end of THIS year, followed by an everything bubble bursting and deflationary bust. This is where a Trump win could save the long-tail of the 4-year cycle, by saving the economy. If nothing else, a Trump win would be more pro-crypto because it's not jus him but a very pro-crypto cabinet with RFK, Elan Musk, Cythia Lummis, and more. But we're not here to talk about politics! It's the markets reaction to the news, that matters. I've said 100 times THIS year and EVERY year... "Show me the charts, and I'll tell you the news". Lastly, I review my now Top 11 factors that could push Bitcoin to $100, $150k, and even $200k. And the charts showing the same... Interesting that the 1.618, 2.618, and 3.618 almost perfectly align with $100k, $150k, and $250k. I also show how these targets can be achieved by measured moves of the Bitcoin Bull-Flag breakouts, using 2 different scenarios. Let me know what you think below, and as always would appreciate a like, tip or share with someone you like in the crypto world! I we can get to 100 likes, I'll do more of these on a regular basis.. and do an end of week post-election breakdown. Thanks, and thanks again to TradingView for making this great platform we all use. Brett Fogle Moonstream Crypto
INDEX:BTCUSDLong
by BrettFogle
Market Reactions in Last 3 U.S. Elections and BTC Target $95k!Let's look at how the market reacted in the last 3 elections! - 2012: Obama re-elected ➡️ Initial stock sell-off over fiscal cliff fears, then strong rally post-deal. Crypto is mostly unaffected. - 2016: Trump wins ➡️ Stock rally on tax cut & deregulation optimism. Bitcoin starts climbing, hinting as a "digital gold." - 2020: Biden wins amidst pandemic ➡️ Stocks surge on stimulus hopes. Crypto enters a major bull run, with BTC skyrocketing as an inflation hedge. 🗝️ Elections = market volatility & opportunity! Regardless of who wins, CRYPTOCAP:BTC will likely reach a new ATH by the end of 2024. Altcoins will likely follow later. IMHO, alts are already heavily discounted. Even if BTC dominance rises and alts take another dip, it’s wiser to DCA into the weaker ones instead of selling near their high-timeframe lows. Think twice before hitting that sell button. The next 6-8 months could be legendary. It won’t be easy, but the rewards will be worth it. #BITCOIN UPDATE:- BTC looks solid for now. There’s still a possibility for BTC to hit the $60K level if Kamala wins; it’s not certain, but it’s a topic circulating in the crypto space. This could act as a short-term downside catalyst, with bulls likely stepping in quickly, leaving a long wick below the resistance turned support. A retest is underway on the daily, weekly, and monthly charts! I’m anticipating BTC to reach between GETTEX:82K and $95K by the end of the year. DYOR, NFA. Do hit the like button and share your views in the comment section! Thank you #PEACE
OANDA:BTCUSDLong
by Cryptorphic
10
All-Time High Bitcoin Mining Difficulty Future Bitcoin's mining difficulty has recently reached a new all-time high, a significant milestone that underscores the network's growing security and resilience. This metric, which adjusts every 2016 blocks to maintain a consistent block generation time of approximately 10 minutes, reflects the increasing computational power dedicated to securing the Bitcoin network. What Does Increased Mining Difficulty Mean? • Enhanced Network Security: A higher mining difficulty implies that it becomes increasingly challenging for malicious actors to launch attacks like 51% attacks. This strengthens the network's security and protects its integrity. • Increased Energy Consumption: As more miners join the network to compete for block rewards, energy consumption associated with Bitcoin mining tends to rise. This has sparked debates about the environmental impact of the network. • Price Volatility: Increased mining difficulty can influence Bitcoin's price volatility. A surge in mining difficulty may lead to price fluctuations as miners adjust their operations to maintain profitability. Bitcoin Open Interest Surges Ahead of Elections In the lead-up to the U.S. presidential election, Bitcoin's open interest has seen a significant uptick. Open interest refers to the total number of outstanding futures contracts on a particular asset. A rising open interest indicates increased market activity and potential for heightened price volatility. Bitcoin Breaks Above $70K Bitcoin's recent surge above the $70,000 mark has generated considerable excitement and speculation. This milestone highlights the growing institutional interest in Bitcoin as a store of value and a hedge against inflation. However, it's important to note that such rapid price movements can be accompanied by periods of volatility. "Calm Before the Storm": Anticipating Volatility The term "calm before the storm" is often used to describe a period of relative tranquility before a significant event. In the context of Bitcoin, it suggests that the current period of relative price stability may precede a period of increased volatility. Several factors could contribute to this anticipated volatility: • Election Uncertainty: The outcome of the U.S. presidential election could have a significant impact on global financial markets, including the cryptocurrency market. • Regulatory Developments: Changes in regulatory policies can influence the price of Bitcoin and other cryptocurrencies. • Market Sentiment: Shifts in market sentiment, driven by news events, social media trends, or economic indicators, can lead to rapid price fluctuations. Navigating the Volatile Market Given the potential for increased volatility, investors and traders must adopt a cautious approach. Here are some tips for navigating the volatile Bitcoin market: • Do Your Research: Stay informed about the latest news and developments in the cryptocurrency market. • Diversify Your Portfolio: Spread your investments across different assets to reduce risk. • Set Stop-Loss Orders: Use stop-loss orders to limit potential losses. • Manage Your Risk: Avoid overtrading and stick to a well-defined trading strategy. • Stay Patient: The cryptocurrency market is known for its volatility. It's important to maintain a long-term perspective and avoid making impulsive decisions. In conclusion, Bitcoin's increasing mining difficulty, surging open interest, and recent price surge highlight the dynamic nature of the cryptocurrency market. While the potential for volatility remains, the long-term outlook for Bitcoin remains positive, driven by its underlying technology and growing institutional adoption.
MARKETSCOM:BITCOIN
by bryandowningqln
What happens to Bitcoin after the U.S. election?The D-Day for U.S. elections is here, and the short-term impact of the outcome on Bitcoin (BTC) could be big. According to the latest Bernstein outlook, a Harris win could drag BTC to $50K, while Trump’s victory could rally it to a range between $80K-$90K.  The research and brokerage firm cited Harris’s relatively hawkish stance as the reason for BTC’s $50K target. But if Trump emerges as the winner, the analysts projected that BTC could hit a new ATH, citing the former president’s pro-crypto stance.  Amberdata, a blockchain insights firm, and asset manager Bitwise, echoed the same projection, although with slightly different targets.  According to Amberdata analysts, there could be a $6K-$8K price swing depending on who wins the U.S. elections. This was consistent with recent action by hedge funds for potential bullish outcomes while covering for likely wild BTC price swings.  Based on BTC’s sensitivity to Trump’s odds on Polymarket, Bitwise analysts found BTC could surge 10% if Trump wins. Conversely, BTC could drop by nearly 10% if Harris wins. That said, at press time, Deribit data showed options traders were pricing a 21% chance of BTC hitting $80K by the end of November. When zooming out from the short-term U.S. election noise, BTC’s long-term impact has always been positive in the past three election cycles, with Bernstein projecting $200K by 2025. 
by paul_endeo
When to Book Profits in Bitcoin?Bitcoin technical analysis update Historically, when Bitcoin's monthly RSI reaches overbought levels, the price tends to drop. In 2013, the RSI peaked at 97, in 2017 it reached 95, and in 2021, it topped at 92.5, forming a higher low divergence on the monthly chart. This time, if the RSI reaches the 90 level, it could signal another peak for Bitcoin. When the RSI reaches the 89-90 range on the monthly chart, it’s typically a good time to start booking profits. Currently, the RSI is at 63, suggesting there is still room for a price increase in the coming months. Regards Hexa
CRYPTO:BTCUSD
by HexaTrades
4
Bitcoin’s Fate on U.S. Election Day: Predicting Market MovementsAs the world closely watches today’s U.S. presidential election, the crypto market is gearing up for a reaction that could be pivotal for Bitcoin’s future. Historically, U.S. elections have had a positive impact on cryptocurrencies, and many traders are optimistic about Bitcoin's outlook. With two contrasting candidates—one a proponent of crypto and the other leaning towards regulation—the stakes are high for Bitcoin holders and investors alike. A Trump Win: The Fuel for a Parabolic Bull Run If Donald Trump, a vocal supporter of cryptocurrency, secures the win, the market is likely to respond with a powerful surge. Trump’s favorable stance on digital assets could inspire confidence among crypto investors, sparking a parabolic bull run that may push Bitcoin past its previous all-time high. Many traders are poised to buy into Bitcoin if Trump’s victory is confirmed, anticipating a rush of institutional and retail investment that could propel prices to unprecedented levels. A Kamala Win: The Calm Before the Comeback In contrast, a win for Kamala Harris could trigger an initial wave of panic selling. Harris has shown a more cautious approach toward cryptocurrency, which may incite fear among investors and lead to a sharp pullback. However, it's important to note that strong support zones around $60,000, as indicated in the chart, are expected to buffer any drastic price drops. Despite the potential sell-off, these levels have historically provided resilience and could stabilize Bitcoin, leading to a period of consolidation. Once the initial shock settles and investors digest the news, the market may start to regain strength. Confidence in Bitcoin’s fundamentals could draw investors back, fueling a renewed push towards the all-time high. While a Kamala win might delay the anticipated bull run, the scenario of Bitcoin falling below critical levels like $50,000 or $40,000 remains highly unlikely. Caution: Trading Amidst Volatility For those trading with leverage, today and the coming days present heightened risks. Apart from the election, Thursday’s FOMC meeting will bring the Fed’s Interest Rate Decision, a significant event that could add volatility to an already charged market. It’s essential to tread carefully, as both events could create sudden price swings and impact liquidity. In conclusion, regardless of who wins, Bitcoin’s long-term outlook appears resilient. A Trump win may bring immediate bullish momentum, while a Kamala win might usher in short-term turbulence but is unlikely to derail Bitcoin’s upward trajectory entirely. Traders and investors should brace for a dynamic week, as Bitcoin prepares to navigate these significant events. Trade safe everyone, Cheers!
by MadeByAK
8
Mt. Gox Moves $2.2 Billion in Bitcoin Amid Repayment DelaysMt. Gox, the once-dominant but now-defunct Bitcoin exchange, made waves by transferring 32,371 CRYPTOCAP:BTC —valued at approximately $2.2 billion—to unmarked wallets. The timing of these movements is critical, given the already volatile landscape surrounding Bitcoin and ongoing uncertainties related to the upcoming U.S. presidential election. Mt. Gox Transfers 32,371 BTC to Unmarked Wallets Blockchain analytics firm Arkham reports that Mt. Gox has executed a massive transaction, moving 32,371 BTC to two unidentified wallet addresses. This event stands as the largest transfer from Mt. Gox in recent months. Specifically, 30,371 BTC went to a wallet labeled “1FG2C…Rveoy,” while the remaining 2,000 BTC was directed to a separate wallet named “1Jbez…LAPs6.” Additionally, an internal movement of 2,000 BTC between cold wallets suggests ongoing asset reorganization, likely in preparation for creditor repayments. This is not the first time that Mt. Gox has moved funds, as smaller transfers were observed last week. However, this latest transfer's scale has piqued market watchers' interest, sparking questions about its timing and the potential impact on the Bitcoin market. Repayment Delays Extended to 2025 The transfer comes on the heels of Mt. Gox announcing a delay in its repayment schedule. Initially set for October 31, 2024, the deadline has been postponed to October 31, 2025, following approval by a Japanese court. This extension gives the Mt. Gox Rehabilitation Trustee more time to sort out repayment plans, which many investors see as a temporary relief. However, there is lingering concern about the eventual release of a large volume of Bitcoin into the market, which could exert significant downward pressure on CRYPTOCAP:BTC prices if creditors decide to sell their holdings en masse. Market analysts are wary of how these delays and large-scale transfers could impact the broader cryptocurrency ecosystem, especially as repayment announcements from Mt. Gox have historically triggered market volatility. Market Reaction and Election Uncertainty The market's response to Mt. Gox's Bitcoin movements has been mixed. Some investors fear that the impending distribution to creditors could lead to substantial sell-offs, pressuring Bitcoin's price downward. These concerns come amid broader geopolitical and economic uncertainty, compounded by fluctuations in the U.S. presidential race. Bitcoin’s price has already experienced a 7% dip last week, largely attributed to uncertainties surrounding the U.S. election. Speculation is rife about potential regulatory changes, with some traders anxious about a Kamala Harris presidency, given her largely undefined stance on cryptocurrencies. Conversely, a more crypto-friendly administration could spur optimism among investors. Technical Outlook Despite these concerns, Bitcoin ( CRYPTOCAP:BTC ) has shown signs of resilience. As of now, BTC is trading up 1.53%, with an RSI of 54.82, signaling moderate bullish momentum. The daily price chart also indicates a bullish engulfing pattern forming, which is often a precursor to upward movement. Furthermore, a golden cross—a bullish technical signal where the 50-day moving average crosses above the 200-day moving average—is slowly materializing. Bitcoin’s immediate support lies between the $64,000 to $65,000 pivot range, and a short-term correction could be on the horizon. However, we are eyeing a potential surge to $75,000, with optimistic projections even stretching to $100,000, assuming bullish catalysts materialize. These factors include institutional inflows, market sentiment shifts, and broader acceptance of Bitcoin as a store of value amid economic uncertainty. What Lies Ahead Bitcoin’s trajectory is shaped by both macroeconomic elements and crypto-specific news. The Mt. Gox repayment delay has provided a reprieve, albeit temporary, preventing a massive influx of CRYPTOCAP:BTC into the market. Additionally, geopolitical events, such as the U.S. presidential election and looming concerns about regulatory shifts, add layers of complexity to Bitcoin’s outlook. Investors should also consider Bitcoin’s role as a hedge against inflation and geopolitical instability. As traditional markets brace for election-related volatility, Bitcoin’s status as "digital gold" may attract more attention, driving up prices. However, this is contingent upon market sentiment remaining favorable and no significant sell-off events—such as a large-scale release from Mt. Gox creditors—materializing. Conclusion Bitcoin’s road ahead is fraught with both challenges and opportunities. The Mt. Gox transfers and repayment delays have introduced another layer of complexity, while the upcoming U.S. presidential election adds to the uncertainty. Yet, technical indicators suggest that a bullish trend could be on the horizon, provided the market can weather short-term corrections and external shocks. As always, the crypto landscape is ever-changing, requiring both patience and mental fortitude from investors. The coming weeks will be pivotal in determining Bitcoin’s trajectory, and all eyes will be on key resistance and support levels as the market digests these developments
COINBASE:BTCUSDLong
by DEXWireNews
2
BTCUSD: Bullish Flag Breakout AheadBTCUSDT technical analysis update At the bottom, Bitcoin formed a falling wedge pattern over 240 days. After breaking out, the price surged by 75%. Following this rise, BTC entered a 220-day consolidation phase, forming a rectangular continuation pattern, which led to a 133% increase after its breakout. Currently, BTC has been forming a flag pattern for the last 220 days, and in the next 10-20 days, we could see a breakout, potentially signaling another strong bullish move. Regards Hexa
CRYPTO:BTCUSDLong
by HexaTrades
2
5 REASONS TO STAY IN THE CRYPTO MARKETThe end of September aka rektember historically the worst performing month of the year is in sight, and October is fast approaching. 1/ October aka ‘Uptober’ or better to say "Moontober" is historically one of the best performing months of the year and in the past two bull run years October’s have all been green – third time’s a charm? FYI last year we pumped 29% and so many of us ordered Countach 2/ It ain’t just October – Q4 historically yields the highest returns of the year Excited for Uptober? Just wait till we hit No Loss November baaaby! 3/ M2 projections vs. CRYPTOCAP:BTC looking bullish M2 tracks the global supply of money. The more money is in the system, the more of it can flow into crypto. Here’s Bloomberg’s 10week projection of M2 supply (black) overlaid with CRYPTOCAP:BTC ’s current performance (red) 4/ The bull market historically takes off at this point See that white line? That’s the current cycle as you see The crypto market seems to be following historical bull market trends closely. We've experienced a stronger than usual rally ahead of the halving, largely driven by expectations around spot Bitcoin ETFs. However, the post-halving rally has been weaker, bringing the market back in line with typical patterns seen in previous cycles. Potential for Growth: If past cycles are any indication, the market is expected to gain momentum from this point onward. Historically, after a weaker post-halving phase, a significant upward surge is needed to complete the cycle. Cycle Length Considerations: There is evidence suggesting that each crypto cycle is lengthening in terms of duration. This trend may reflect increasing institutional involvement, as longer cycles often point to a more mature and stable market 5/ Rate cuts are here! The Federal Reserve has cut interest rates by 50 basis points in their first rate cut since March 2020.This is now the most unexpected Fed decision since 2009. And lowered rates allow more money to flow into markets over time. and after btc pump we will have sweet alt party so buckle up and be ready for printing money
Long
by moonypto
Bitcoin Breaks the Trendline: Breakout or Just Another Fakeout.?Bitcoin has once again breached its established trendline, raising the question of whether this is a legitimate breakout or just another false movement, akin to previous instances. At this juncture, Bitcoin could take two potential paths. For a significant downward shift to occur, Bitcoin must break through a critical support level of 66000 dollars. If this level is compromised, it may indicate a sustained downward trend. It's also important to note that upcoming events, such as the US elections, could have a substantial impact on market dynamics. Therefore, exercising caution and conducting thorough analysis before making any investment decisions is highly advisable.
COINBASE:BTCUSD
by Kartik_Elkunchwar
Bitcoin in the Zone: Major Levels to Watch! Bitcoin’s riding the edge with some serious levels coming up. On the downside, we’ve got key supports at $66,969, $66,054, and $65,000. If $65,000 breaks, a slide to $60,000 is very possible. On the upside, we’re eyeing $69,249 first, and if we break through, we could be aiming for $73,500 and beyond!" Breakdown of Key Levels Current Support Levels First Support: $66,969 This level is Bitcoin’s first line of support. As long as it holds, BTC could stay in a good position to push higher. Second Support: $66,054 If we drop below $66,969, the next stop to watch is $66,054. Losing this level could signal a stronger downside move. Major Support at $65,000 $65,000 is the critical level to keep an eye on. If Bitcoin slips below this, we’re likely looking at a bearish move, with $60,000 as the next realistic target. Upside Targets First Target: $69,249 On the upside, if BTC holds support and gains some momentum, $69,249 is our next target. We might see some resistance here, so it’s a spot to watch for a possible pullback. Second Target: $73,500 If Bitcoin breaks $69,249 with strength, then $73,500 is the next big level in play. Breaking through this could mean BTC is primed for an even bigger push higher. Higher Target: Beyond $73,500 If we reach and hold above $73,500, the path is open for BTC to go for new highs. We could see buyers step in even stronger, and BTC might be setting up for its next major move up. Trading Tip Stay flexible here! BTC’s got some clear levels to watch. If we hold support, we could be heading for a strong upside. But if we lose $65,000, the drop to $60,000 becomes a real possibility. Keep these levels in mind, and let the market show you where it wants to go. if you like this analysis like , follow and boost our posts Mindbloome Trading / Kris Mindbloome Exchange
MARKETSCOM:BITCOIN
by Mindbloome-Trading
Bitcoin Bull Run Ignites: Eyeing New Highs Ahead of ElectionsOverview: Bitcoin (BTC) has recently demonstrated significant bullish momentum, breaking the $68,900 resistance level. This surge is supported by favorable financial news and the anticipation surrounding the U.S. presidential election scheduled for tomorrow. Key Levels: Entry Point: $68,900 Target 1 (T1): $75,146.69 Target 2 (T2): $84,392.46 Target 3 (T3): $92,059.49 Stop Loss: $66,500 Technical Indicators: Moving Averages: The 50-day and 200-day moving averages are trending upwards, indicating sustained bullish momentum. Relative Strength Index (RSI): Currently at 65, suggesting room for further upward movement before reaching overbought territory. Volume: Increased trading volume aligns with the recent price surge, reinforcing the bullish outlook. Fundamental Factors: The upcoming U.S. presidential election has heightened market interest in Bitcoin, with both major candidates expressing favorable views towards cryptocurrency regulation. Additionally, significant inflows into Bitcoin exchange-traded funds (ETFs) have been observed, indicating strong institutional support. Conclusion: The confluence of technical indicators and positive fundamental developments suggests a strong bullish outlook for Bitcoin. Traders should monitor the aforementioned target levels and adjust positions accordingly, keeping an eye on potential resistance as the market reacts to election outcomes. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
COINBASE:BTCUSDLong
by insidermike
3
BTC IN UP MOVEMENT + TRADE PLANTrend Identification: Descending Channel: Bitcoin is currently in a descending parallel channel after an uptrend, indicating a potential bullish continuation if it breaks out of this channel. Previous Uptrend: The price came from an uptrend, and descending channels often serve as continuation patterns, suggesting a higher probability of an upward breakout. Key Support and Resistance Levels: Support Levels: $68,556.87: Major support near the recent low in the channel. $66,333.98: Secondary support zone that could act as a cushion in case of a downside move. $64,591.15: Historical support level providing a safety net if the price dips further. Resistance Levels: $72,198.87: Immediate resistance that BTC needs to overcome for a continued uptrend. $73,655.67: Key resistance area that, if broken, could trigger a strong bullish move. Indicators Analysis: RSI (Relative Strength Index): The RSI is close to the midpoint, indicating a neutral zone. However, an upward movement in RSI could signal increasing bullish momentum. Stochastic RSI: Currently near the overbought zone. It indicates potential upward pressure, but caution is needed as it may signal short-term exhaustion. Volume: Noticeable increase in volume around the support levels, indicating buying interest. Volume confirmation on breakout above the resistance line would strengthen the bullish case. Moving Averages: HMA (Hull Moving Average): Showing a slight upward trend, aligning with the potential breakout from the descending channel. Trading Plan Entry Strategy: Aggressive Entry: Enter a long position upon the breakout of the descending channel, ideally with a confirmed volume increase above $72,198.87. This would signal a possible continuation of the previous uptrend. Conservative Entry: Wait for a confirmed breakout and retest of the $72,198.87 level. If the price holds above this level after retesting, it indicates stronger bullish confirmation. Stop Loss: Place a stop loss slightly below $68,556.87 to limit downside risk. This area aligns with recent support, and a drop below it may indicate invalidation of the breakout pattern. Take Profit Levels: Primary Target: $73,655.67 (first resistance level). Partial profits can be taken here to lock in gains. Secondary Target: $76,000, if Bitcoin gains strong momentum after breaking through the primary target. This level could be achieved in a continued bullish scenario. Final Target: $80,000 as a psychological target, if there is sustained bullish momentum and no major resistance above. Risk Management: Position Size: Limit the position size to manage risk exposure, especially with the potential volatility in cryptocurrency markets. Trailing Stop: Consider using a trailing stop after reaching the first target to lock in profits while allowing for potential upside. Monitoring Indicators: Volume: Continuously monitor the volume as the price approaches resistance zones. Higher-than-average volume would support the breakout, whereas weak volume could lead to a false breakout. RSI and Stochastic: Keep an eye on these momentum indicators. If the RSI and Stochastic enter overbought territory and start to diverge, it could signal a potential reversal. Timeframe: This setup appears on a 4-hour chart, suggesting a medium-term trading perspective. Reassess positions if the breakout fails to materialize within the next few days.
Long
by elfabiiani
1
Bitcoin Faces Critical Week Amid US Presidential ElectionBitcoin ( CRYPTOCAP:BTC ) is at a pivotal moment, with the cryptocurrency market bracing for heightened volatility as the United States approaches a historic election. The impact of this key event, combined with a possible Federal Open Market Committee (FOMC) interest rate cut, is set to make waves across digital asset markets. At the time of writing, CRYPTOCAP:BTC is trading at $68,749.84, up 0.62% over the last 24 hours, with a daily trading volume of $35 billion and a market cap surpassing $1.35 trillion. Elevated Volatility Expected Traders are bracing for sharp moves in CRYPTOCAP:BTC , as indicated by a 30-day gauge of implied volatility developed by CF Benchmarks. Caroline Mauron, co-founder of Orbit Markets, highlighted a potential swing of 8%, starkly contrasting the usual 2% fluctuation level. This suggests traders are preparing for significant market action, and expectations of volatility are reflected in the crypto options market. Political Uncertainty Looms Large The 2024 US presidential election adds another layer of unpredictability. Both frontrunners, Donald Trump and Kamala Harris, have expressed distinct stances on cryptocurrency and blockchain technology, setting the stage for shifts in market sentiment. Trump has boldly positioned himself as the "Crypto President," promising to elevate Bitcoin as a strategic reserve for the United States. His strong pro-Bitcoin rhetoric, coupled with a pledge to fire SEC Chair Gary Gensler—widely seen by the crypto community as an adversary—has fueled optimism among investors. Meanwhile, Kamala Harris's emphasis on tech innovation has kept speculation alive about how her policies might influence the crypto market. The political landscape’s close ties to the crypto industry could be pivotal, especially with the backdrop of regulatory debates involving the SEC and CFTC. Historical Trends and Market Sentiment Historically, Bitcoin’s performance has been closely linked to major political and economic events. Notably, the cryptocurrency has often rallied following US presidential elections, mirroring trends seen in traditional markets like the S&P 500. The Kobeissi Letter's analysis of past elections reveals that 83% of election years have yielded positive returns leading up to Election Day. However, these gains moderated post-election, emphasizing the importance of timing in market strategy. Technical Outlook: Mixed Signals From a technical perspective, Bitcoin’s charts reveal mixed but potentially bullish signals. Two critical patterns are forming on the daily chart: 1. Doji Candlestick Pattern: The emergence of a Doji pattern, which indicates indecision among traders, often precedes significant market moves or trend reversals. This formation suggests that market participants are awaiting key news, such as the election results and the FOMC decision, before committing to a direction. 2. Golden Cross Formation: The market is closely monitoring a potential Golden Cross, a bullish indicator that occurs when the 50-day moving average crosses above the 200-day moving average. While this pattern has yet to fully materialize, it is gradually building momentum, signaling possible upside in the coming weeks. Bitcoin’s Dominance and Macro Environment Bitcoin’s dominance remains robust at 59.2%, a testament to its evolution from a peer-to-peer (P2P) technology to a global financial asset. Amid ongoing concerns about inflation and economic uncertainty, CRYPTOCAP:BTC continues to be seen as a hedge against traditional financial risks. The potential for a 25-basis-point rate cut by the Federal Reserve this week could further boost bullish sentiment for Bitcoin, making it an attractive asset for risk-on investors. Long-Term Optimism Despite Short-Term Concerns Despite near-term worries about a potential market dip or crash on election day, long-term optimism prevails. Analysts are betting on a strong rebound, with Bitcoin potentially setting a new all-time high if bullish catalysts align. The overall crypto market remains in a consolidation phase, but any positive momentum in Bitcoin could see a cascade effect on top altcoins, setting the stage for a robust market recovery.
Long
by DEXWireNews
BTC/USD "BITCOIN" Market Money Heist Plan on Bullish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist BTC/USD "BITCOIN" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss 🛑 : Recent Swing Low using 4h timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
COINBASE:BTCUSDLong
by Thief_Trader
1
Bitcoin Bull Flag Breakout Incoming – $100k Target!!Bitcoin is forming a bull flag pattern on the daily chart, hinting at a potential breakout that could propel the price towards $100,000. Currently trading at $65,859, Bitcoin is testing the upper boundary of the flag, with multiple rejections seen in previous attempts to break out. This consolidation within a descending channel, following a strong upward trend, suggests a bullish continuation if the breakout is confirmed. If Bitcoin successfully breaches the flag’s resistance, the measured move from the prior leg indicates a target of $100k. Bull flags are known for signaling a continuation of the prevailing trend, and with Bitcoin’s bullish momentum intact, a breakout could lead to a significant surge. Traders should watch for a clean break above the upper trendline as a confirmation of this setup.
Long
by GreenCryptoTrades
1
Are We Approaching a New All-Time High for Bitcoin...?Bitcoin has been following a specific trendline for almost two months, a pattern that has seen it bounce back from this line four to five times in the past. As it stands, Bitcoin is currently facing strong resistance at its all-time high, which is around 73400 dollars. Meanwhile, the trendline serves as a crucial support level. Investors and enthusiasts are closely watching this situation, as the coming days will be critical. The main question on everyone's mind is whether Bitcoin will manage to its all-time high resistance or if it will break below the trendline support. Keeping an eye on these key levels is essential, as they may present significant trading opportunities. Stay vigilant!
COINBASE:BTCUSD
by Kartik_Elkunchwar
1
Bitcoin Roadmap==>Short term!!!Bitcoin ( BINANCE:BTCUSDT ) touched the 🎯 Targets 🎯 as I expected in the previous post ✅. Bitcoin started to rise well from the Support zone($67,620-$67,000) and the Support line again ( the start was accompanied by good momentum ). Regarding Elliott's wave theory , wave 5 seems to be completed . I expect Bitcoin to rise to at least the Support zone after breaking the Resistance lines . ⚠️Note: The American elections and the tension between Iran and Israel can easily change the scenarios of Bitcoin: if the tension between Iran and Israel increases, we can see the fall of Bitcoin, and if Donald Trump does not succeed in the US presidential election, we can see the fall of Bitcoin. And vice versa.⚠️ Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
15