Get started

Bitcoinprediction

Investment and Hedging Strategies in the Bitcoin MarketRecently, Bitcoin has experienced significant volatility, sharply declining after the flash crash on June 6. Prices fell from the $72,000 level to below $70,000, leading to substantial selling pressure. However, positive trends can be seen in the market as U.S. ETF issuers are buying a lot of Bitcoin, which boosts confidence in the long-term outlook of the cryptocurrency. Key Points: Strong Support at $66,000: Breaking this level may indicate a shift in the downward direction. Resistance at $74,000: Surpassing this level could drive prices to new highs. ETF Purchase Volume: Adding 25,729 bitcoins in the first week of June enhances confidence in the long-term upward trend. Recommendation: For Short-Term Investors: Due to high volatility and current selling pressure, it is advisable to wait and see if the support at $66,000 holds. If the support level is broken, it may be wise to avoid entering the market until prices stabilize. For Long-Term Investors: Price corrections can be used as opportunities to add more Bitcoin to investment portfolios. It is smart to invest gradually and take advantage of price drops to make purchases. Hedging Strategies: Diversification: Diversification is a hedging strategy aimed at reducing risk by spreading investments across various assets. Instead of relying solely on Bitcoin, investors can diversify their investments into other digital assets like Ethereum, Litecoin, or even traditional assets like stocks and bonds. This diversification can reduce the negative impact of Bitcoin’s volatility on the overall portfolio. Futures Hedging: Futures hedging involves buying or selling Bitcoin futures contracts to protect the portfolio from price fluctuations. If an investor owns Bitcoin and wants to protect against price drops, they can sell Bitcoin futures. On the other hand, if they expect prices to rise but do not own Bitcoin, they can buy futures to benefit from the expected increase. Risks Associated with Hedging Strategies: High Costs: Hedging with futures involves paying fees and spreads, increasing overall costs. Systemic Risks: Futures contracts can be affected by economic and political events, leading to unexpected losses. Technical Knowledge: Hedging with futures requires a deep understanding of the markets and how futures contracts work. Hedging strategies provide protection against market volatility but must be used carefully and with a clear understanding of the potential risks. Diversification and futures hedging can be effective tools for risk reduction, but it is essential to understand the costs and risks associated with these strategies before implementation.
COINBASE:BTCUSD
by bbitar
#Bitcoin Weekly Technical Analysis by Cryptorphic, Target $155k!Overview: This analysis looks at the historical and projected price movements of Bitcoin (BTC/USD) on a weekly chart. Historical Price Movements: 1. First Major Rally (2016-2017): - Growth: 4,499.77% - Price Increase: From ~$430 to $19,439 - Duration: 86 bars (602 days) 2. Second Major Rally (2020-2021): - Growth: 1681.18% - Price Increase: From ~$3924 to $69,889 - Duration: 95 bars (665 days) Current Trends: - Current Price: $70,004.70 - Support Levels: $44,532,$52086, $60200, $68300 (Immediate support) - Resistance Levels: $73,000.00 (immediate), $138,000-$155,000 (projected) Moving Averages: - Purple Line: 20-week moving average - Pink Line: 50-week moving average Future Projections: - Potential Target: $138,000-$155,000 - Critical Date: April 2, 2024 - Trend Analysis: Watch for a breakout above $75,000. Conclusion: Bitcoin shows strong bullish trends. A breakout above $73,000 could signal another major rally. Monitor the 20-week and 50-week moving averages for trend confirmation. Simple maths, Fractals and all the data from indicators suggest Bitcoin is poised to hit $100k+ by EOY. SO AVOID THE NOISE, LOOK AT THE BIGGER PICTURE! Disclaimer: This is for informational purposes only and not financial advice. Conduct your own research before investing. Please hit the like button if you like it and share your views in the comment section. Thank you #PEACE
EIGHTCAP:BTCUSDLong
by Cryptorphic
Bitcoin's Stalled Breakout: A Test of Bullish Resolve Bitcoin (BTC) ended last week with a whimper, failing to decisively break out of a bullish technical pattern and overcome key resistance levels. This has left many investors questioning the short-term trajectory of the world's leading cryptocurrency. After a price drop on Friday and a lackluster weekend, what can we expect from Bitcoin in the coming days and weeks? The Failed Breakout and Bullish Doubts The recent price action centered around a prominent technical pattern known as a bull flag. This pattern typically precedes a bullish continuation, with a price consolidation period following an uptrend. However, Bitcoin's attempt to break above the flag's resistance level at the end of the week proved unsuccessful. This failed breakout has cast doubt on the immediate bullish momentum and raised concerns about a potential reversal. Technical Indicators: A Mixed Bag Adding to the uncertainty are technical indicators that paint a conflicting picture. Some, like the Relative Strength Index (RSI), are hovering around neutral territory, suggesting neither overbought nor oversold conditions. This could be interpreted as a sign of potential buying pressure waiting to be unleashed. However, other indicators like the "death cross" – formed when the 50-day moving average dips below the 200-day moving average – have emerged, historically hinting at a possible short-term price decline. The ETF Inflow vs. Hedge Fund Shorting Tug-of-War Beyond technicals, a fascinating dynamic is playing out between two opposing forces in the market: inflows into Bitcoin Exchange-Traded Funds (ETFs) and short positions taken by hedge funds. On the bullish side, significant inflows into Bitcoin ETFs have been observed. This suggests institutional interest in the cryptocurrency remains strong, potentially providing a buying force that could propel the price upwards. However, this optimism is countered by reports of hedge funds taking large short positions on Bitcoin. These bets essentially profit if the price falls. This shorting activity could act as a headwind, potentially hindering any significant price gains. Short-Term Bounce vs. Long-Term Trend While a short-term bounce from current levels seems likely, predicting the long-term direction of Bitcoin remains a challenge. The failed breakout and bearish technical indicators raise concerns about a potential downward correction. However, the underlying fundamentals, including strong institutional interest and Bitcoin's limited supply, suggest long-term bullish potential. The Bottom Line: Patience and a Multifaceted Approach For investors, the current situation necessitates a patient and multifaceted approach. Monitoring both technical indicators and on-chain data to gauge investor sentiment can provide valuable insights. Additionally, staying informed about regulatory developments and broader market trends is crucial, as these external factors can significantly influence Bitcoin's price. Ultimately, while the immediate future of Bitcoin is uncertain, one thing remains clear: the battle between bulls and bears is far from over. The coming weeks will be telling, revealing whether Bitcoin can gather enough strength to overcome the recent setbacks and continue its upward trajectory.
BITSTAMP:BTCUSD
by bryandowningqln
TOTAL MARKET CAP FOR CRYPTO - PREDICTIONS FOR MARKET EXIT Many people forget to follow the chart of Total market cap, Total2 where BTC and ETH enter by capital and Total3, which showed perfectly when to enter smaller currencies, when to reinvest and when to exit. The peak of the same as bitcoin depends exclusively on how much total capital will enter the crypto market. That's why it's important to create some specific zones and monitor them for profit removal from the entire portfolio. The first target is quite realistic in my opinion and I give it a very high probability of happening. In that case, some altcoins will make an additional 300-500% profit from the current price. The best scenario for which we will determine whether to leave part of the profit for the best stake, that is the target 1.61. Don't forget that we are in the final phase and that you should watch it exit the market and not re-enter it Share below the comment and your opinion on how realistic the scenario is for the future
CRYPTOCAP:TOTALLong
by learnfromfailure
2
#Bitcoin, levels to watch.#BTC : Nice recovery over the weekend; should hold the same by the end of weekly close. The price is stuck between FWB:67K and $71.3k. The main support below FWB:67K is $60.3k. Break and close above $71.3k would signal another attempt for a new ATH. Unless we break either of these levels, Bitcoin remains choppy. If you're playing on leverage, stay cautious and keep an eye on the weekly close. I have an announcement to make, stay tuned! Please hit the like button if you like my posts. Also, Let me know what you think in the comment section. Thank you #PEACE
BITSTAMP:BTCUSDLong
by Cryptorphic
6
Bitcoin makes good profit. Now is just the beginning!!! UPDATE2Bitcoin is an invention designed to grow forever as long as we live. If you see the same vision, don't forget to support the analysis. I'm releasing UPDATE2 earlier than planned because today the channel reached *666* followers. The analysis is set for long-term updating. It doesn't matter if the price is 70k or 50k as long as you see the big picture. The world economy is still uncertain, we are hiding in cryptocurrency. I prepared the analysis in a logical circle with altcoins!! My analyzes are 100% my own and not manipulated by other people's opinions, I don't follow anyone here. i could be wrong but this could be absolutely true. I believe my truth, MoralDisciple
BITSTAMP:BTCUSDLong
by MoralDisciple
89
Altcoin/Bitcoin AnalysisAs I always say, when I look at the ALT/BTC parity, not the Bitcoin price, I see a downward break in the 40th week of 2019. This breakdown may happen again, it is possible. After this breakout, I expect to see a scenario in which Bitcoin becomes in a channel. (70 - 50k) This scenario would also not be contrary to the macro perspective of the markets globally. Another chart that supports this scenario is the USDT dominance chart. We can think that this chart will reduce the price of Bitcoin as it rejects the uptrend and rises to decide the continuation of the trend. Seeing the rise of Bitcoin dominance in this process signals to me that some altcoins in particular will be hit hard. Therefore, there will be great bleeding in the altcoin market, except for the solid altcoins. However, the altcoins that survive this process will make ATH much more performant as Bitcoin reaches its 100k target.
CRYPTOCAP:TOTAL3
by YavuzAkbay
Bitcoin Bull Flag: Last Hurdle for a Major Rally Over six weeks ago, Bitcoin start forming a Bull Flag pattern. The breakout above the 20-day and 50-day Simple Moving Averages (SMAs) confirmed a low, setting the stage for a potential rally towards the Bull flag's target of approximately $100K. Fast forward to today, BTCUSD has not only surpassed these SMAs but also cleared the Ichimoku Cloud, positioning the price above the 20-day, 50-day, and 200-day SMAs. This alignment signals a bullish outlook. Recent Price Action Recently, Bitcoin has surged past the $71,600 mark, showing a 3.30% increase in the last 4 days. This rise is driven by renewed enthusiasm from both new and short-term investors. According to GlassNode’s latest report, the market is seeing a resurgence in speculative interest. Long-term holders (LTHs), considered the most experienced market participants, are maintaining their positions and continue to accumulate Bitcoin, indicating strong confidence in its long-term growth potential. Technical Resistance and Support Since its all-time high in March, Bitcoin has faced resistance at the Bull flag's upper trend line, with three failed breakout attempts in April an May. As of June 7, BTCUSD is testing this critical resistance again. A successful breakout could lead to a significant rally to $100K, while failure to clear this trend line might result in a correction towards the $54-55K range — watch carefully on SMAs an Ichimoku Cloud. Market Sentiment The "Sell-Side Risk Ratio" suggests that most profit-taking has already occurred within the current price range, pointing to the potential for volatile movements soon. Despite recent market consolidation, long-term holders have shown minimal selling activity, reinforcing their confidence in Bitcoin's future appreciation. Conclusion Bitcoin’s market outlook remains optimistic. The alignment of key SMAs and the Ichimoku Cloud supports a bullish scenario, with further gains likely as speculative interest increases and long-term holders remain steadfast. The next critical test is the $71,300 resistance level, which, if cleared, could pave the way for a substantial rally.
Long
by Vestinda
Price Psychology and Game TheoryMarkets move in cycles and based on game theory . Everyone is risk averse and everyone jumps in when it appears "risk free". This is how prices would be bid up. Stocks work like auction . During Bull runs -> Highest payer - bids up the prices and the averages increase. During Bears -> it's a fire sale. BUYER has an upper hand and takes the lower prices available. It's human nature... Game theory states you buy whilst you can else you will be left behind. during "ATH" prices fly because prices are relative . Where the driver is the credit condition cycle (loose is good) and ofcourse ETFs.
BITSTAMP:BTCUSDLong
by citsvar
1
Bitcoin Must Show Decisive in its Move before im excitedHi guys. So i posted recently some crypto related stock ideas. I felt like i should do a BTC update as they are directly related. When BTC goes up, all related crypto assets move up. So lets jump right in. This is a 1 week analysis. So we have established a consolidation range. Consolidation ranges is just a price range between which an asset moves up and down in. The key is to observe a confirmation of a breakout either ABOVE or BELOW it. The Key lvls are: 1. $61,000 as support 2. $71,000 as Resistance FOr our Bull market to continue and move into the final supercycle phase of the crypto market we need a DECISIVE BREAK ABOVE 71,000. This will in a short time print a blowoff top and end Bull market. I have up a bunch of Moving averages in different colors. What i'd love to see is from ascending order: Purple 1st Green 2nd Blue 3rd Red at the bottom This order signifies that a Bull market is going on. STOCH RSI has also crossed BUllish above the 20 lvl. If you look left, everytime we've done so We've moved higher. _________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on BTC in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
COINBASE:BTCUSDLong
by SafofAllTrades
Bitcoin Price Approaches $72,000: A Potential Fuse for New ATHThe price of Bitcoin (BTC) has been steadily climbing in recent weeks, inching closer to a critical resistance level: $72,000. This price point holds more significance than just another round number on the chart. Analysts believe that surpassing $72,000 could trigger a chain reaction that propels Bitcoin toward new all-time highs. The Squeeze is On: Liquidations and Momentum One of the key factors fueling the significance of $72,000 lies in leveraged short positions. In the world of cryptocurrency trading, some investors use leverage to amplify their potential gains (and losses). Leveraged short positions essentially bet on the price of Bitcoin going down. However, if the price goes up instead, these positions get liquidated, meaning the investor is forced to buy Bitcoin to cover their short bet. According to data from CoinGlass, a staggering $800 million worth of leveraged short positions would be liquidated if Bitcoin surpasses $72,000. This sudden surge in buying pressure from forced liquidations could act as a powerful catalyst, pushing the price even higher. Imagine a domino effect: rising price triggers short liquidations, which in turn creates more buying pressure, further driving up the price. This positive feedback loop could propel Bitcoin towards uncharted territory. Breaking Through Resistance: Psychological and Technical Hurdles The $72,000 mark also represents a significant psychological resistance level. Previous price movements have often stalled around this point, creating a barrier in the minds of traders. Overcoming this psychological hurdle can be a self-fulfilling prophecy. Once investors become convinced that Bitcoin can break above $72,000, it can become a reality due to increased buying pressure. Beyond the psychological aspect, $72,000 also presents a technical challenge. Technical analysis, which studies historical price patterns and indicators, can reveal potential resistance and support levels. If there's a concentration of sell orders around $72,000, it can create temporary resistance, making it harder for the price to break through. However, a decisive break above this level could signal a shift in the technical landscape, potentially leading to a sustained uptrend. Investor Confidence and Market Sentiment The bullish sentiment surrounding Bitcoin is not solely driven by technical factors. Increased investor confidence and a positive overall market environment are also playing a role. Several developments are contributing to this optimism: • Institutional Adoption: More and more institutional investors, such as hedge funds and investment firms, are entering the cryptocurrency space. This influx of capital can significantly impact Bitcoin's price. • Growing Recognition: Bitcoin is increasingly being recognized as a legitimate asset class. This growing acceptance is attracting new investors and fostering a sense of stability. • Limited Supply: Unlike traditional fiat currencies, Bitcoin has a finite supply of 21 million coins. This scarcity can drive up its value over time, especially with increasing demand. A Word of Caution: Volatility and Risk Management While the current outlook for Bitcoin is positive, it's important to remember the inherent volatility of the cryptocurrency market. Sudden shifts in sentiment or unforeseen events can lead to sharp price corrections. Investors should always approach the market with caution and implement sound risk management strategies. Conclusion: The $72,000 price point for Bitcoin is more than just a number. It represents a potential tipping point that could ignite a surge towards new all-time highs. The combination of short liquidations, overcoming psychological resistance, and positive market sentiment creates an intriguing scenario. However, investors should be aware of the inherent risks involved in cryptocurrency trading and act with a well-defined risk management plan. The coming weeks will be crucial in determining whether Bitcoin can indeed break through the $72,000 barrier and ignite a new bull run.
BITSTAMP:BTCUSDLong
by bryandowningqln
Where bitcoin goes MARA follows - Current Macro developmentsHi guys! As usually i keep my eye open for macro changes or signals that may lead to major moves. Of which Marathon (MARA) has been on my radar. This analysis is done on the 1 week timeframe. We are currently attempting to get Above our Major level/ area around $18-20. This area also coincides with the 21 EMA. Which we are also ABOVE as we speak. However, remember it has not yet confirmed that we managed to get Support from 21 EMA. Also note that we recently tested Support on 50 SMA and have maintained it 6 weeks in a row. This fact makes me think, we will continue UP -> At the very least to the Upper range of the consolidation orange rectangle at $28.00 We have not yet printed a death cross which is a good sign indicating probabilities pointing towards continuation of Uptrend. Pay attention to next weeks candle close for more clues. Ive also highlighted our current price action to be part of a Consolidation range, from $15.00 to $28.00 I think it makes sense for us to be consolidating as we are making our way out of the bottom of the market for MARA. (around the 3.50 area) Since then we've already climbed roughly 1000% to our top around $34. 21 EMA and 50 SMA flattening out also supports the Consolidation occuring. Consolidation is basically when an asset tries to digest rallies, trying to catch its breath. And now we have to assess whether theres further momentum left to continue our Bull market or make our way back down. If Bull market continues, we can make our way back to this Major Resistance lvl labeled. We have touched this line 3 times in history previously and it marks Blow off tops of Bull markets for MARA. If we get rejected from this Major level, we can make our way back to the sloping Support trendline labeled below. So to find a sense of whether or not MARA will continue or come down to test the lows, we look to 2 indicators that i love using to assess "momentum". Notice the STOCH RSI. Everytime we come down to the 20 lvl, we stay Below for extended periods ranging from 57 days to as much as 126 days. When we cross Bullish and move UP Above 20 lvl, we tend to have Rallies UP. 1 pattern though, with STOCH is its relationship with Moving Averages 21 EMA and 50 SMA. When Purple (21 EMA) crosses Below Green (50 SMA) Moving Average and there is a STOCH Bull cross, sometimes it doesn't impact big rallies. BUT When Purple is on top of the Green Moving Average and STOCH crosses BUllish Above 20 lvl. This is a pattern seen in relation to big rallies UP So if we can get a STOCH Bullish CROSS Above 20 level, while our 21 EMA is Above our 50 SMA, we can expect to see a continuation rally. Watch also for a break Up and confirmation out of the consolidation zone. The MACD is currently ABOVE the 0 level, with waning or decreasing Bearish sentiment. This is seen from the print of the lighter red bar of the histogram. The Blue/Orange lines are also attempting to Curve Up and try to Cross Bullish. If we continue to print smaller lighter Red bars, and then see a Green bar print, it is likely momentum has turned Bullish. Bullish Crosses ABOVE 0 level, tend to rally Upwards. A MACD and STOCH CROSS together would be even better sign of uptrend to be PROBABLE. ANd if we Breakout of the consolidation rectangle we are currently in -> its likely we test "Major Resistance" at around $60. Keep observing and paying attention. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on MARA in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:MARALong
by SafofAllTrades
2
GOLD to zero vs BITCOIN What an awesome chart (For Bitcoin maxi's that is) here this shows Gold in relation to Bitcoin.... Here we can see the halvening (blue vertical lines) and the decline in gold value respective to Bitcoin, we can see an 80%+ decline each cycle. The next halvening date is April 2024, (Red vertical line) After the move has moved to a new low, we can see that a retracment has come in to the upside each cycle into and around the golden pocket (61.8% - 80%) . This area has already been tagged... another pattern is the influx of Volume regarding the start of 2023, dwarfing any other previous volume... I shall continue to update this thread moving forwards.
TVC:XAUBTCShort
by TraderE9
3
Bitcoin 300% more.Bitcoin bull markets have historically seen significant price increases, but the percentage gain can vary widely between different bull markets. Here’s a summary of the percentage increases during major Bitcoin bull markets: 1. **2011 Bull Market**: - Start: Around $0.30 (January 2011) - Peak: Around $32 (June 2011) - Percentage Increase: Approximately 10,500% 2. **2013 Bull Market**: - Start: Around $13 (January 2013) - Peak: Around $1,100 (December 2013) - Percentage Increase: Approximately 8,300% 3. **2017 Bull Market**: - Start: Around $1,000 (January 2017) - Peak: Around $20,000 (December 2017) - Percentage Increase: Approximately 1,900% 4. **2020-2021 Bull Market**: - Start: Around $10,000 (October 2020) - Peak: Around $64,000 (April 2021) - Percentage Increase: Approximately 540% ### Average Percentage Increase To find the average percentage increase of these bull markets, we can calculate the mean of the individual percentage increases. \ Let's compute that: \ So, the average percentage increase during Bitcoin bull markets is approximately **5,310%**. Note that this is a rough average and the actual performance in future bull markets can vary significantly due to a wide range of factors including market maturity, regulatory changes, macroeconomic conditions, and technological developments.
COINBASE:BTCUSDLong
by TrojanBible
Short bitcoin from 73k . scalp only ALL trading ideas have entry point + stop loss + take profit + Risk level. hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below. Disclaimer
Short
by bullstraders7