Bitcoin Updated Bullrun Plan #nfaHere i have shared my views for bitcoin bullrun plan for next 6 months.
Bitcoinprediction
BTCUSD: $33000 AND THEN $37000Hope everyone having a great weekend, we need to address few things in here, firstly we expecting price to breakthrough consolidation and create a expansion retracement. Price needs to fill the voided area and as the price is bullish, it is very unlikely for price to drop heavily as there are no major economical data supporting it.
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BTCUSD: Targeting $53000 area! Bitcoin has been consolidating within the range of $65,000 to $80,000. There is a possibility that the price may experience a decline and reach levels between $50,000 and $53,000. This range represents a crucial support zone where the price could potentially find support and rebound. It is important to note that market conditions can be unpredictable, especially during holiday periods. Trading volume is likely to normalize after April 2nd. Please always maintain risk management the first priority; only take this idea as a educational purpose and not as a guaranteed success.
Wishing everyone a joyous Easter!
BTCUSD(BITCOIN): Small Correction towards 70k, And Drop to 52kHi Everyone,
BITSTAMP:BTCUSD our last analysis on bitcoin turned out to be in our favour price has been dropping ever since, in our view price can now make small corrections towards 69k to 70k and from there price can drop significantely towards major bearish impulse that will fill the liquidity gap in daily timeframe that price has left behind. Please note that, price may not make any corrections around our entry area and just keep dropping from the current area.
good luck.
#BTC/USDT Keep an eye on this level!#Bitcoin is eyeing the box, folks!
We've got MA support chilling around $59.8K—could be seeing a retest real soon.
Remember, if it dips below this MA on the daily, that's our cue to reconsider our plays. 👀
Remember, alts are just waiting on Bitcoin's next move. We might be in a snooze phase now, but that's exactly when the market likes to shake things up with some wild swings when you least expect it.
Stay alert! 🔥
#cryptocurrencies
[SHORT] Bitcoin going down before it goes up As you can see on the USDT dominance chart using the pmarp indicator on the weekly time frame USDT dominance is on its way up. This is a great sign of capitulation within Bitcoin. There are is now many millions of dollars worth of outflows for Bitcoin ETFs. The IBIT ETF has not received any new inflows for two business days and other ETFs for Bitcoin have received outflows of millions.
It's about time for this correction to play out.
BTC down for the next 3 days ☁️ upside potential only next week The price of Bitcoin fell 2.4 percent to $62,416 over the past 24 hours. Its price now trades 15 percent below its all-time high reached 1 ½ month ago, Trading View’s Bitcoin chart shows.
Plans by the Swiss cryptoverse to push for the addition of Bitcoins to the alpine country’s currency reserves seem shattered following comments made by the head of the Swiss National Bank. Thomas Jordan not only expressed skepticism during the SNB’s annual general meeting held last week, but also added that adding Bitcoin could raise the country’s CO2 emissions.
☁️ Bearish clouds linger over the global crypto market, including Bitcoin and Ether, in the next 24 hours, indicating downward pressure. Over a one-week horizon, this low pressure will remain over Ripple’s XRP, Litecoin, Cardano, Binance Coin and Uniswap.
🌤️ Bullish trading conditions will, however, prevail over Bitcoin and Ether in the coming week, as the sun manages to break through the bearish clouds, ATTMO shows.
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# BTC/USDT Keep an eye on this Crucial MA!#Bitcoin : A close below this key Moving Average (MA) level will officially signal the start of a bearish rally.
Thus far, the price has shown remarkable resilience, holding its ground admirably.
Keep a vigilant watch.
#Crypto #BTCUSD
Bitcoin OBV and 21SMA key to watch What I'm watching on Bitcoin
1. A move above the 21 DSMA
2. OBV break up or down
On Balance Volume (OBV) has shown itself to be an very useful metric to monitor in the recent daily timeframes for BTC. Something to keep a close eye on.
Marathon Digital Aims to Double Hash Rate Amid Bitcoin HalvingMarathon Digital ( NASDAQ:MARA ), a prominent Bitcoin miner, sets its sights on doubling its hash rate by the end of 2024, following the recent Bitcoin halving. Despite the halving's impact on block subsidy rewards, the company is optimistic about its growth trajectory, leveraging increased machine orders and capacity from recent acquisitions. This move underscores Marathon's commitment to expanding its mining operations and embracing newer, more efficient equipment to enhance fleet efficiency.
Marathon Digital ( NASDAQ:MARA ), a key player in the Bitcoin mining sector, has announced ambitious plans to ramp up its hash rate, targeting a 100% growth by the close of 2024. This strategic decision comes in response to Bitcoin's recent halving event, which slashed miners' block subsidy rewards by half.
Starting the year with a hash rate of approximately 24.7 exahash per second (EH/s), Marathon originally aimed for a modest 46% increase in hash rate, eyeing a range of 35-37 EH/s by year-end. However, fueled by a surge in machine orders and expanded capacity post-acquisitions, the company now anticipates reaching a fully funded hash rate of around 50 EH/s by the end of 2024.
Marathon's Chairman and CEO, Fred Thiel, emphasized the company's robust growth strategy, stating that the increased capacity and hash rate target are fully funded, requiring no additional capital infusion. Thiel highlighted the deployment of state-of-the-art equipment and proprietary technology as key drivers for achieving greater efficiency, aiming for 21 joules per terahash as they scale to 50 exahash.
Despite concerns surrounding the halving's impact on miners' revenue, Marathon remains upbeat about the industry's resilience. The company's Vice President of Corporate Communications, Charlie Schumacher, noted that the mining sector effectively weathered a "halving event" last year, with Bitcoin's difficulty rate doubling in 2023. Schumacher expressed confidence in the industry's ability to adapt, with major players like Marathon preparing for such challenges over the years.
While some analysts have raised cautionary flags regarding the potential impact of the halving cycle on miner revenue, Marathon's performance post-halving has been promising. The company reported a 25% increase in its stock price in the days following the halving, signaling investor confidence in its growth prospects.
Looking ahead, Marathon's bullish stance on hash rate expansion reflects broader trends in the Bitcoin mining landscape. Despite regulatory and market uncertainties, miners are doubling down on their infrastructure investments, betting on the long-term viability of Bitcoin mining. With Marathon leading the charge, the industry is poised for further innovation and consolidation, paving the way for sustainable growth in the digital asset ecosystem.
Bitcoin on a Tightrope: Tumble Below $61,000 or Find Support?Bitcoin is currently hovering around $62,850.
If the price falls below $61,000 and closes below that level, it could trigger a sell-off, dragging the price down to $57,000.
The highlight is that $51,000 represents a significant support level. If the bearish trend continues, the price could even drop as low as $47,000 or even $42,000.
DYOR before trading and investing!
BTC Short-Term Bearish ☁️, Upside Potential Next Week ☀️Cryptocurrencies traded mixed over the past 24 hours, as investors are awaiting news that could give a clear direction to the cryptoverse following Bitcoin’s halving a week ago. Its price has since then risen 3.2 percent, Trading View’s Bitcoin chart shows.
Yesterday, the 71-day streak of consecutive inflows into BlackRock’s spot Bitcoin exchange traded fund (ETF) NASDAQ:IBIT ended. Its ETF has nevertheless managed to attract a staggering $17.7 billion in assets under management since its launch in January. The price of Bitcoin was unchanged at $64,345 over the past 24 hours.
ATTMO forecasts mixed trading conditions for the global crypto market in the next 24 hours, with Bitcoin, Litecoin, Cardano and Avalanche facing bearish clouds, signaling downward pressure. A bullish sun, however, shines over Ethereum, Ripple’s XRP and Polygon, indicating a potential upside.
Over a one-week horizon, this bullish sun will also shine over Bitcoin, Litecoin and Polkadot. Bearish clouds will linger over Binance Coin, Uniswap, Cardano and Avalanche.
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Pattern to play to run higher BTCTrend is still good on BTC and the actual chart is giving me bullish waves. There is an inverted HNS pattern on smaller timeframe, and i will enter long if i see a break above the mid term trendline i highlited. Main target $70.000
Bitcoin Price Keeps Rejecting the $65K Pivot Point Bitcoin ( CRYPTOCAP:BTC ) price rejection from $65,000 resistance continues after failure to reclaim it as support. Even after the halving traders anticipated a rapid surge to about $70k Pivot but Bitcoin ( CRYPTOCAP:BTC ) keeps swinging between the $63- GETTEX:64K level.
There is a liquidity pool below $60,000 which continues to act as a yardstick for CRYPTOCAP:BTC in maintaining market balance.
Bitcoin ( CRYPTOCAP:BTC ) price is highly volatile lately, provoking a broader market crash as it plummeted to the $62,000 range on Thursday. Meanwhile, reverberations from spot CRYPTOCAP:BTC exchange-traded funds (ETFs) continue to influence the market.
SEC delays decision on spot Bitcoin ETF options trading
The US Securities & Exchange Commission (SEC) has delayed a decision on whether or not to allow options trading on spot BC ETFs. It originally meant that they needed more time to review and analyze the proposal. The SEC may have concerns about potential risks, market manipulation or other regulatory issues associated with introducing options trading on these ETFs.
Any delay in such a scenario is common as the financial regulator works to ensure investor protection and market integrity. However, markets will be poised to wait for further updates from the US Securities & Exchange Commission (SEC) or the relevant parties involved in the proposal to understand the reasoning behind the delay and any potential implications for investors.
According to Glassnode an on-chain market intelligence firm, the Bitcoin network hash rate is still rising, which points to ongoing investments in mining infrastructure. A strong mining hash rate is crucial for Bitcoin's security, making network attacks more challenging.
Technical analysis: Bitcoin ( CRYPTOCAP:BTC ) price drawn to liquidity pool below $60,600
technically, Bitcoin ( CRYPTOCAP:BTC ) price continues to get rejected from the $65,600 resistance level. It comes after multiple failed attempts to reclaim above it and flip the level into support.
Enhanced profit booking could see Bitcoin ( CRYPTOCAP:BTC ) price dip into the said liquidity pool. This will happen if the Relative Strength Index (RSI) continues to record lower highs.
Traders are likely to sell or take a bearish position on CRYPTOCAP:BTC when this happens, which would enhance the downtrend.
In a severe condition, Bitcoin ( CRYPTOCAP:BTC ) price could slip below the liquidity pool under the $60,000 psychological level, with the next line of support presented by the 50-day Moving Average (MA) at $54,689. A deviation of this lagging indicator to the downside would signal an extended fall.
Apparently, if the bulls leverage the ongoing correction as a buy-the-dip opportunity, the Bitcoin ( CRYPTOCAP:BTC ) price could recover.
BITCOIN on institutional price actionhello dear trader and investors
there are two senario for bitcoin
senario 1 : if price close below LL on 59077 this patren will be activated ( can can + fake out ) institutional price action …. after collect some liquidity on the yellow area
senario 2 : if price close above HH on 73700 price can hit 89000 and 92000 without any liquidations …
Bitcoin(BTC) Drops Below 63,000 USDT with a 4.62% Decrease in 24 Hours
On Apr 25, 2024, 13:19 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 63,000 USDT and is now trading at 62,995.980469 USDT, with a 4.62% decrease in 24 hours
.good luck
mehdi
Bitcoin Cycle Top & Bottom PredictionThis is my first idea and I have no idea how to write these, so all commentary and other ideas are welcome :)
I used Fibonacci Levels from a 1 month timeframe to plot out the long term pricing of this bull market cycle following the halving of 2024.
I suspect the top of this cycle being around the $120K mark.
If we base this on previous cycles we can expect this top to happen 450-500 days after the Halving on the 19th of April, 2024. Roughly next July / August.
For the bottom of the next bear market I expect a new bottom of around 48K.
BTC short term viewBTC / USDT
After the massive drop of market in 13th april
The market turned to be range market with slightly bearish in short term
However in med - long term i still see it very bullish specially after the halving event that occurred 4 days ago
In the coming days/ weeks we can see BTC is testing 60k zone multiple times with some fakouts here and there
However if BTC able to close weekly above recent ATH we will see market turn strong bullish again
Until that we still in this range …
In this range try to avoid overtrading / fomo / panic selling
Long term trades are fine
Short term trades with strict risk management and stoploss are fine too
Best of wishes
BTC ☀️ & Bullish Vibes On the Horizon. $70K Again? The cryptocurrency trend was mixed over the past 24 hours, as investors await the quarterly results of a series of tech giants later today and this week. The price of Bitcoin rose 0.6 percent to $66,490 over the past 24 hours. This is 10 percent below its all-time high, Trading View’s Bitcoin chart shows.
“I think we’re just getting started and bitcoin is going to have a great next 12 months,” Bitwise analyst, Ryan Rasmussen, is quoted as saying by Bitcoin.com. However, the regulatory risks should not be underestimated, he added.
A bullish sun shines over most of the global crypto market in the next 24 hours. Tropical trading conditions prevail over Bitcoin, which translates into a slight upside potential. Ripple’s XRP, Avalanche and Chainlink face bearish clouds, signaling downside risks.
Over a one-week horizon, the bullish sun should continue to shine over the cryptoverse, with the exception of Binance Coin and Uniswap, which all face bearish clouds.
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New (ATH)?Bitcoin just completed a regular flat correction that ended at 60,000$, and now we are continuing the rally with new impulsive waves. on a small scale, bitcoin recently finished the first impulsive wave (wave 1), and we are about to undergo a small correction that will bring prices back to between $65,000 and $62,000. After this correction, we will enter the third impulsive wave, which is the typically strongest. following this wave, we will exceed the previous (ATH) set last month, reaching prices between $82,000 and $85,000
Bitcoin on the Brink: Bollinger Bands Hint at Potential Price BrBitcoin, the world's most popular cryptocurrency, has been exhibiting some intriguing technical signals lately. The cryptocurrency's volatility indicator, the Bollinger Bands, has narrowed significantly, reaching levels last seen in mid-February 2024. This development has sparked speculation among analysts about a potential price breakout for Bitcoin (BTC) in the near future.
Bollinger Bands Explained:
The Bollinger Bands is a technical analysis tool that measures price volatility. It consists of three lines: a simple moving average (SMA) in the center, and an upper and lower band plotted at a specific standard deviation distance above and below the SMA, respectively. The wider the bands, the higher the volatility; conversely, narrower bands suggest a period of compressed price movement.
What Does the Narrowing of Bands Indicate?
When the Bollinger Bands contract, it typically signifies a period of low volatility or consolidation. This can be interpreted in two ways. One possibility is that a breakout is imminent, with the price poised for a significant move in either direction – up or down. The other possibility is that the current price range may hold for a while longer, with continued consolidation.
The Mid-February Precedent:
The current narrowing of the Bollinger Bands is particularly interesting because it mirrors the situation observed in mid-February 2024. Back then, the bands contracted to a similar degree, and it was subsequently followed by a price surge that saw Bitcoin climb above $50,000. This has led some analysts to believe that history might repeat itself, with another price breakout on the horizon.
Is a Breakout Guaranteed?
However, it's crucial to remember that technical indicators, like Bollinger Bands, are not crystal balls. While they can provide valuable insights into potential price movements, they don't guarantee future outcomes. Several factors beyond technical analysis can influence the price of Bitcoin, including:
• Market sentiment: Overall investor confidence towards cryptocurrencies can significantly impact Bitcoin's price. Positive sentiment can fuel a breakout, while negative sentiment could lead to a downward price movement.
• Regulatory landscape: Government regulations and policies aimed at cryptocurrencies can create uncertainty and impact investor decisions.
• Major news events: Significant global events, such as economic downturns or geopolitical tensions, can influence the price of Bitcoin as investors seek alternative assets.
What to Watch Out For:
Given the inherent uncertainty, investors should closely monitor these additional factors to gauge the direction of a potential breakout. If positive market sentiment coincides with the Bollinger Band breakout, we could see a significant surge in Bitcoin's price. Conversely, if negative sentiment prevails, the breakout might be short-lived, or it could even lead to a price correction.
Conclusion:
The narrowing of the Bollinger Bands is a noteworthy development for Bitcoin, suggesting a potential breakout on the horizon. However, investors should exercise caution and consider broader market factors before making any investment decisions. By combining technical analysis with a well-rounded understanding of the cryptocurrency landscape, investors can position themselves to potentially capitalize on Bitcoin's next price move.
BTCUSD LongThis crypto coin has been forming a falling flag for the past few weeks since it hit its ATH. Currently, the price has re-bounded from the lower support line, and I anticipate that the bullish trend might continue till it hits a very strong support zone at 70700.
My entry is at 65600, SL at 62800 ,and TP at 71000. My R : R for this trade is 1 : 2.
Kindly remember to risk 1 - 3% of your account
Bitcoin Rebound as War Fears Subside, Bullish Technicals EnsueBitcoin, the world's leading cryptocurrency, has embarked on a significant rally in recent weeks, defying predictions of a prolonged slump triggered by the Russia-Ukraine conflict. As war fears recede, investors appear to be regaining confidence in the digital asset, propelling its price upwards.
Several factors are contributing to Bitcoin's resurgence:
• Waning War Threat: The initial market panic triggered by the outbreak of the war has subsided somewhat. While the conflict remains a concern, hopes for a potential diplomatic resolution have bolstered investor sentiment. This has led to a broader risk-on environment, benefiting Bitcoin alongside other asset classes.
• Technical Breakout: From a technical analysis perspective, Bitcoin appears to be breaking out of a bullish continuation pattern known as a bull flag. This pattern typically indicates a period of consolidation following a strong price increase, followed by another leg up. The recent price action suggests a potential breakout from this pattern, which could fuel further gains.
• New Support Level: The recent price dip found support around $66,000, establishing a potentially new floor for Bitcoin. This level of support indicates increased buying pressure at that price point, which could prevent further significant declines.
• Limited Downside Risk: Analysts point out that compared to its all-time high of over $69,000, Bitcoin's current price represents a relatively limited downside risk. This, coupled with the potential for further upside based on technical indicators, makes Bitcoin an attractive proposition for some investors.
Is the Rally Sustainable?
While the current momentum is positive, questions remain about the sustainability of Bitcoin's rally:
• Macroeconomic Uncertainty: The broader macroeconomic environment remains uncertain. Rising inflation and potential interest rate hikes by the US Federal Reserve could dampen investor enthusiasm for riskier assets like Bitcoin.
• Regulatory Scrutiny: Regulatory scrutiny surrounding cryptocurrencies continues to be a concern. Increased government oversight could potentially stifle innovation and adoption, impacting Bitcoin's long-term prospects.
• Volatility Remains: The cryptocurrency market is inherently volatile. Despite the recent rally, Bitcoin's price could experience significant fluctuations in the future. Investors should be prepared for this volatility and maintain a risk-tolerant investment strategy.
Looking Ahead
The future trajectory of Bitcoin remains to be seen. While the recent breakout from the bull flag pattern suggests potential for further gains, several factors could impact its price movement. Investors should closely monitor geopolitical developments, macroeconomic data releases, and regulatory pronouncements related to cryptocurrencies.
Despite the uncertainties, Bitcoin's recent rally demonstrates its potential as a volatile yet potentially high-reward asset class. As the cryptocurrency market matures and gains wider acceptance, Bitcoin's long-term prospects remain intriguing. However, careful consideration of the associated risks is essential before investing in this volatile digital asset.
