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Bitcoinprediction

BTC Update on 19/05/2024As of 19th may 2024, BTC is trying to break resistance level at 0.618 fib level. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
INDEX:BTCUSDLong
by rukshan2102
This Cycle Take Profits! "Ladies and gentlemen, I'm excited to share with you that Bitcoin adoption is gaining momentum in institutional settings! Heavy hitters like Fidelity Investments, JPMorgan Chase, and Goldman Sachs are actively exploring cryptocurrency offerings. And it's not just them - real-world banks like Morgan Stanley and Bank of America are taking notice, filing patents for blockchain-related technologies. But that's not all - institutions like the Intercontinental Exchange and Nasdaq are building cryptocurrency trading platforms! Now, I know mainstream adoption is still in its early days, but these developments show a growing recognition of Bitcoin's potential in traditional finance. The future is looking bright, and I'm excited to see where this momentum takes us!"
BITSTAMP:BTCUSDLong
by AsadAftab
BITCOIN Comprehensive Technical AnalysisHello everyone. First of all I should say happy new year (Nowrooz) to all iranian people around the world specially iranian traders community. Im going to explain how will BTC behave in coming months according to Elliot wave principles. As you know wave analysis act better in higher timeframes like Weekly. So I want to take a look at BTC price action from Nov 2022 that new Elliot Motive wave starts. You can see the end of wave 3 of a 5 wave move in picture below: so we are now in the end of a wave 3 in 161.8% fibonacci projection level from the end of wave 2. furthermore we will have price correction as wave 4. this wave 4 can be end in 57000 level that is a strong support level and most Fibo retracement levels compress here. there are a lot of reasons that we will have a bullrun in coming months : The most important one is Bitcoin Halving and the second one is inflows from approved ETFs and last one is expected Federal rate cuts. In chart below you see the overlay levels of Fibo that price will target soon. Overall in my opinion after a correction to 57000 level as wave 4 , price will go forward to 3 targets ahead as wave 5 (100% level of wave 1) : 85000 , 100000 and 115000. the most probable target level is 115000 (100% Fibo projection of wave 1) after that price will correct till the range of wave 4 means 57000 again. this level (I mean 57000 to 60000) will convert to a strong support level after the price correction. Hope you like this opinion. you should make decision on your own opinion but I will be happy if you share your views in comments with me. Thank you for reading this analysis. Have good trades
Long
by TraderAmin-KZ
17
Bitcoin: BBW Squeeze ReturnBitcoin experiencing its tightest Weekly Bollinger Band Width squeeze since 2012. But before we dive into this, let's take a moment to get to know Bollinger Bands , which are a common tool in trading. These were created by John Bollinger back in the early 1980s to help us understand price volatility better. So, what makes up Bollinger Bands? If you'd like a visual, check this out: - The Middle Band: Typically, it's a 20-period simple moving average (SMA). - The Upper Band: This one is calculated by adding twice the 20-period SMA's standard deviation to the middle band. - The Lower Band: And the lower band is found by subtracting twice the 20-period SMA's standard deviation from the middle band. Now, let's talk about the Bollinger Band Width. You can see it here: This Width essentially measures the gap between the upper and lower Bollinger Bands. If it's narrow, it means low volatility, and if it's wider, it suggests higher volatility. Okay, back to Bitcoin and its Weekly Bollinger Band Width Squeeze. This recent phenomenon means that Bitcoin's weekly price volatility has tightened, reaching levels not seen since 2015-2016 So, what does this tightening mean? It implies that Bitcoin's price movements are getting more constrained, which might indicate that significant price swings are on the horizon. The last time Bitcoin went through such a squeeze was almost a decade ago, and it resulted in prices skyrocketing from $750 all the way up to $19,900. For traders and investors, low volatility might seem uneventful, but it often comes just before big market shifts. Keep a close eye on things as those Bollinger Bands start to widen out; Bitcoin could be gearing up for some noteworthy price action. To sum it up, Bitcoin's tightest Weekly Bollinger Band Width squeeze since 2012 hints at potential price increases. As traders gear up for what's next, it's a reminder that these calm periods can often lead to some pretty exciting opportunities.
INDEX:BTCUSDLong
by ArShevelev
4
💡BTCUSD Casestudy💡☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
BITSTAMP:BTCUSDLong
by Yelli_trades
12
BTC Bitcoin Technical Analysis and Trade IdeaBTC Bitcoin exhibits a robust bullish trend on the daily timeframe. Our primary objective is to pinpoint a buying opportunity that aligns with this trend. Assuming price action unfolds as outlined in the video analysis, favorable trading conditions are expected. The video delves into essential elements such as trend analysis, price action insights, market structure, and a potential trade setup. Always practice prudent risk management when trading, and remember that this information serves purely educational purposes and is not financial advice. 🚀📊
FOREXCOM:BTCUSDLong
by fxtraderanthony
BTCUSD 1H Long Trade - 1:3 RRRSL: 65081.00 TP: 71822.00 In this trading strategy, I present a compelling opportunity for a long position on the BTCUSD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim to achieve a favorable risk-to-reward ratio of 1:3. Indicators: EMA200: The EMA200 serves as a critical indicator of the long-term trend direction. MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend. Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
COINBASE:BTCUSDLong
by panjikadar
1
Bitcoin Leads the Charge: Bullish Signs Emerge Across Crypto MarA wave of optimism is sweeping across the cryptocurrency market, with Bitcoin (BTC) at the forefront. After a period of consolidation, bulls appear to be taking charge, sparking positive momentum not only in Bitcoin but also in altcoins like Solana (SOL) and Fantom (FTM). Bitcoin's Technical Analysis Hints at Upswing Technical indicators for Bitcoin are painting a bullish picture. The 20-day exponential moving average (EMA), a key indicator of short-term trends, has begun to turn upwards. This suggests a shift in momentum, with the path of least resistance now favoring an upward price movement. Further bolstering this bullish sentiment is the Relative Strength Index (RSI). This indicator measures the momentum of price movements and currently sits in positive territory. This indicates that buyers are in control and there's room for further price appreciation. Breaking Key Resistance Levels A crucial level to watch for Bitcoin is $68,000. If bulls can successfully push the price above this resistance point, it could trigger a retest of the formidable barrier at $72,000. Reclaiming this level would be a significant victory for Bitcoin bulls, potentially leading to a continuation of the upward trend. Bears Remain Vigilant However, the battle lines are not yet definitively drawn. Bears, the market participants who profit from price declines, are not ready to concede defeat. If they can successfully push the price below the 20-day EMA and the broader moving average support levels, it could signal a potential reversal in the current trend. A drop below $60,000 could then be on the cards. Beyond Bitcoin: Altcoins Join the Bullish Party The positive sentiment is not limited to Bitcoin. Several altcoins are also exhibiting bullish signs. Here's a closer look at a few: • Solana (SOL): SOL, known for its blazing-fast transaction speeds and scalability, has been on a tear lately. It's crucial to monitor technical indicators like moving averages and RSI to gauge its specific momentum. • Fantom (FTM): FTM, a smart contracts platform focused on scalability, has shown promising signs. Tracking its developer activity and ecosystem growth can offer clues about its future trajectory. A Word of Caution While the current market sentiment is encouraging, it's vital to remember that the cryptocurrency market remains highly volatile. Investors should conduct thorough research and due diligence before making any investment decisions. Opportunities and Challenges The recent bullish signs present both opportunities and challenges for investors. The potential for continued growth across the cryptocurrency market is exciting. However, the ever-present risk of volatility necessitates a cautious and informed approach. Conclusion Bitcoin appears to be leading the charge in a potential crypto market upswing. Technical indicators suggest a bullish trend, but resistance levels need to be overcome. Encouragingly, several altcoins are also flashing bullish signs, adding to the overall optimism. As always, investors should approach the market with caution and conduct their own research before making any investment decisions.
BITSTAMP:BTCUSDLong
by bryandowningqln
#BTC/USDT PLAN A and Our PLAN B?Welcome to this extensive analysis of Bitcoin. Bitcoin is poised for a major breakout. If it surpasses the FWB:67K level, we could see $100k by the end of the year. This is Scenario 1, as depicted in the chart. All the fundamentals align with the technicals, and the crypto community is increasingly bullish. Logic suggests we could be on the cusp of a significant rally. Scenario 2: What If Another Dip is Imminent? - I know you won't like it! Remember how every major loss caught you off guard? It happened to me frequently when I was new to the game. I've learned from those mistakes and now prepare for all market surprises. I'm not saying I'm bearish, but a short-term dip could liquidate many positions, paving the way for the biggest wave to $100k. In Scenario 2, we could revisit the untested GETTEX:52K level. Are you prepared for that? Most aren't. Imagine if you were ready for these dips—how much money could you have saved? How to Prepare for Both Scenarios I'm invested in strong altcoins and hold enough USDT to buy more. I've been holding BTC for a long time and don't plan to sell before $100k. I don't believe in "long-term" altcoins; I flip them to increase my Bitcoin holdings. Many altcoins from 2017 are no longer listed or have died out. The strategy is to find the right ones, enter, DCA, and close with a profit without looking back. The plan is to keep at least 30% in USDT to buy alts and BTC if Scenario 2 happens. If not, we'll be more than happy to see $100k. Conclusion: Though BItcoin looks Bullish, no one knows for certain where the market will go, so we must be ready for all possible outcomes. Keeping a stable reserve is crucial in this market. If you find my logic and reasoning rational, please hit that like button and share your views in the comments. Thank you. #PEACE
COINBASE:BTCUSDLong
by Cryptorphic
3
BTC 24-Hour Upside Potential The 11 spot Bitcoin exchange traded funds (ETFs) approved in the US four months ago posted five days of consecutive inflows last week. Net inflows into the competing ETFs issued in Hong Kong three weeks ago have, however, been below expectations – a mere $228 million. In comparison, the US ETFs recorded inflows of $221 million on Friday, May 17, alone. The above-mentioned ETFs, with the exclusion of the decade old AMEX:GBTC (Grayscale’s Bitcoin trust that converted into an ETF) now hold 2.78 percent of Bitcoin’s current supply in circulation, Bitcoin.com reports. They together hold 548,557 Bitcoins. “Bitcoin’s institutional adoption is happening now,” Anthony Scaramucci, SkyBridge Capital’s founder told CNBC last week. He was Donald Trump’s spokesman for a short time during his presidency. A bullish sun shines over Bitcoin in the next 24 hours and one week horizon, signaling upside potential. Follow us for more crypto news and weather updates!
BITSTAMP:BTCUSDLong
by ATTMO
Bitcoin ($BTC) Set for a Bullish Breakout Crypto analysts at intelligence tracker Santiment have analyzed the crypto market and found that Bitcoin ( CRYPTOCAP:BTC ) could make another attempt to hit its all-time high. The analysis revealed the large volume creation of meme coins and institutional demand for long Bitcoin ( CRYPTOCAP:BTC ) calls on margin. Bitcoin ( CRYPTOCAP:BTC ) funds and Spot ETFs have injected fresh capital, pushing up the mean dollar invested age metric. Historically, periods of steep decline are considered a confirmation of a bull market, and reversals signal trend reversals in $BTC. The crypto market capitalization rose 5.2% over the past seven days to $2.41 trillion, reaching its highest level in nearly four weeks over the weekend. Bitcoin ( CRYPTOCAP:BTC ) is currently treading near local highs, remaining just below FWB:67K , an 8.4% gain in seven days. Despite the burgeoning risk appetite in global markets, demand for Bitcoin ( CRYPTOCAP:BTC ), Ethereum, and many altcoins is subdued. However, BTCUSD remains firmly above the 50-day moving average, indicating an upward trend. Investors are more optimistic about Solana, whose price rose to its highest since early April at $177 24h. It may well reach the March highs before Bitcoin ( CRYPTOCAP:BTC ), acting as a more sensitive indicator of risk appetite in cryptocurrencies. Bitcoin would need to hit $93K to flip Silver right now. Bitcoin ( CRYPTOCAP:BTC ) is currently the world's ninth-largest asset, trailing gold, Microsoft, Apple, Nvidia, Google, Saudi Aramco, Amazon, and silver. Gold has also distinguished itself, increasing 22.4% since Feb. 13, according to Trading Economics. It currently has a market cap of $16.4 trillion. Industry pundits were split on how Bitcoin's price would move after notching a new all-time high in March. Analyst Dylan LeClair noted that Bitcoin tends to double within months of reaching new highs, particularly around halving events. Analysts at cryptocurrency trading platform Bitfinex predict Bitcoin could reach $150,000 over the next 12 months, with spot Bitcoin exchange-traded funds and the post-halving effect as the main drivers. Technical Outlook Bitcoin has formed a Bullish Flag pattern a move to $70k pivot will accentuate Bitcoin's next bullish streak. Additionally, Bitcoin ( CRYPTOCAP:BTC ) could stay in a “consolidation phase” between $55,000 and $75,000 pivot over the next month and potentially rise toward the end of the second quarter.
BINANCE:BTCUSDLong
by DEXWireNews
2
[BTCUSD] - EXPANSION! 🔸in daily chart can notice a power of 3 (Accumulation ,, manipulation ,, Expansion)" 🔸we are in stage 3 (expansion) accordibg to my vision.. that matching so likely with RSI indicator...(breaking out multi-month trendline) 🔸must be considerd that the price breaking out a POC line with large green candle too 🔸price now testing the 0.618 fib (golden level) 🔸so that... need a daily close above the golden level and u will watch new ATH for BTC. appreciating for supporting us with ur like and hit "follow" for more updates🎯
BITSTAMP:BTCUSDLong
by ceciliones
4
Swing & Day Trading Bitcoin LongsBitcoin is the cleanest uptrend of my watchlist right now. I'm looking to buy any weakness to $65,000. Daily RSI Crossover indicates we could be at the start of another bullish "cycle" providing a good risk reward opportunity. I'm preparing to execute aggressively if conditions require. Daily closes below $65,000 or sustained movement below $63,000 would invalidate this setup. Any trades upcoming this week will be posted below. Likes and Follows are appreciated
CME:BTC1!Long
by GrayTrader01
Bitcoin Hits Highest Price Since the HalvingBitcoin ( CRYPTOCAP:BTC ) has reached its highest price since the April halving event, reaching $67,422 before experiencing a slight dip. Over the past week, the cryptocurrency has risen by more than 9% and is currently priced at $66,750. Despite dropping after the halving, Bitcoin ( CRYPTOCAP:BTC ) has been steadily increasing in value, although it is still below its all-time high of $73,737. Bitcoin ( CRYPTOCAP:BTC ) dropped following the halving, a quadrennial happening baked into the coin's code, though experts told Decrypt that was to be expected. A combination of factors including geopolitical turmoil, cooling hype surrounding the new spot exchange-traded funds (ETFs), and investor uncertainty surrounding the Federal Reserve's next moves caused the virtual asset to nosedive down to under $57,000 last month. The Bitcoin ( CRYPTOCAP:BTC ) halving took place late on April 19 in the United States and led to miners having their rewards cut in half from 6.25 CRYPTOCAP:BTC to 3.125 CRYPTOCAP:BTC for each block they process. The idea is that the event will make it more difficult to make new virtual coins as time goes on. Four halvings have now taken place, and after about a year following each one, the coin has typically risen in price. Bitcoin's rise this year has mostly been thanks to new investors putting money into the asset via the new spot ETFs, which were approved in January. The investment vehicles have been massively popular, receiving billions of dollars in inflows. The Bitcoin ( CRYPTOCAP:BTC ) price has continued its bullish move today while crossing the brief $67,000 mark over the last 24 hours, as investors seem to have shifted focus on the crypto. Meanwhile, a flurry of market pundits also attribute the current surge in the BTC price to the notable inflow of the U.S. Spot Bitcoin ETF. The Bitcoin ( CRYPTOCAP:BTC ) price has gained notable traction since last year, as evidenced by a rally of over 145% over the last 12 months. Notably, the hype and approval of the U.S. Spot Bitcoin ETF seem to have bolstered the confidence of the cryptocurrency sector so far this year. Technical Outlook Bitcoin's ( CRYPTOCAP:BTC ) price is down 0.38% as of the time of writing trading at $ 66,774.74. The Daily price chart of Bitcoin ( CRYPTOCAP:BTC ) depicts a bullish flag pattern and a further move to the $72k level will accentuate the bullish flag pattern.
BINANCE:BTCUSD
by DEXWireNews
Bitcoin Eyes Resistance at $71K or $73K?"www.tradingview.com Bitcoin has finally exceeded 65,000, giving rise to the resumption of the upward trend in accordance with the pattern formed this year on the daily chart. we can see bitcoin at the level of 74,000 in the coming weeks. Bitcoin appears to be exhibiting strong bullish signals. Increased interest and a favorable fundamental backdrop could contribute to price strengthening. It's prudent to monitor specific levels closely, as breaking through them may signal further movement, with corresponding targets outlined on the chart.
EIGHTCAP:BTCUSD
by Goldxking