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Bitcoinprediction

Post BTC Halving Price Prediction, DXY, $IBIT, and May ForecastAs I've been saying, we really just need a breather after the huge runup in Bitcoin and the altcoins pre-halving and with 7 consequetive up months and Green candles. So it's no surprise April is selling off, and the halving was a 'sell the news' event. It's good news, because all markets need to rest and re-gain their strength to push higher. Watch the video for details, but the TLDR is I think we'll drift sideways and even down to re-test the $60k region where we can see strong buy blocks until we get into May, and then we'll start to push higher and hopefully into bull-mania. However, IF Bitcoin can get back above $66k - $68k on a daily closing basis, effectively washing out the Red block of sellers and back above both the 21 and 50 day EMA's (Exponential Moving Averages) then I would start buying BTC.
TVC:DXY
by BrettFogle
Bitcoin Weekly Analysis Here's the corrected version: BTC continues to lead in this bullish market, reaching a new all-time high. Initially, we anticipated the price to target $75,000 as an algorithmic prediction, but it fell short and stopped at $73,800, likely trapping buyers who had set psychological targets for $75,000 and $80,000. The drop in BTC is healthy after the significant gains we've witnessed in this bullish trend. It seems BTC is taking a breather, with buyers who entered around $15,000 and $30,000 now taking profits to accumulate at better prices. Following the halving, predicting BTC's behavior becomes more uncertain, but historical data suggests BTC tends to reach new highs after halving events. From a technical analysis standpoint, we identify a sweet spot for accumulating BTC between $47,000 and $39,000. Breaking above $52,000 and closing above it on a weekly basis would likely propel the price to $47,000 and $42,000. In terms of market dynamics, we have significant funds from the USA, and now China is also getting involved. This suggests that BTC is unlikely to drop to low prices like last time. Best of luck to everyone, and I'll provide updates if I observe any changes in the analysis.
COINBASE:BTCUSD
by Deotrade1
What's Next After Bitcoin Halving?The Bitcoin halving event, which has been four years in the making, has not significantly impacted the price of $BTC. According to CoinGecko data, CRYPTOCAP:BTC was priced at $63,976 when the pivotal block was minted, representing a 1% gain over the previous 24 hours. Half an hour later, it remained unchanged at $63,873. Despite the closely-watched event, the long-planned and anticipated milestone had a limited effect, following a tumultuous few days in which the Bitcoin price dropped steeply to $59,573 on a major exchange, and then recovered above $65,000 hours later, amid a generally discouraging past month. JP Morgan had previously indicated, "We do not expect Bitcoin price increases post-halving as it has already been priced in." The firm's prediction was at least partially correct. The halving, which reduces the reward given to Bitcoin miners for generating each new block by half, is aimed at moderating block creation and directly affects mining firms, mining pools, and independent miners. Crypto watchers are also interested in the outcome, focusing on the potential impact the event will have on the price of BTC. Bitcoin had recently set a new all-time high, breaking past $73,000, part of a widely celebrated Bitcoin bull run that some experts said demonstrated uncommon strength, albeit unseasonably early. However, the coin soon fluttered downwards, a trend attributed to factors ranging from discouraging U.S. economic metrics to unrest in the Middle East. On the eve of the halving, many questions remained unanswered. Analysts debated whether the latest bull run was already over, and environmentalists questioned if the reduced reward would lead to less mining and better environmental conditions. Would the halving already be priced in? Would the value of Bitcoin drop after this moment, as it typically has, but ultimately soar to new heights? Experts suggested that anything is possible. Less than an hour after the Bitcoin halving, the impact of the event on short-term and long-term prices has not yet been determined. Meanwhile, as mainstream financial markets enjoy their weekend break, the crypto community is largely optimistic. The impact on Bitcoin miners is likely to be more tangible. After all, the initial reward for generating a block was 50 Bitcoins, which was reduced to 6.25 CRYPTOCAP:BTC until this most recent halving. For the next four years or 210,000 blocks, the reward is now 3.125 BTC. The future remains unpredictable, and anything can happen leading up to 2028. Bitwise Chief Investment Officer Matt Hougan has offered a long-term perspective on the Bitcoin halving, citing historical data and spot ETF demand. Hougan views this year's Bitcoin halving as a "buy the news" opportunity for investors interested in the world's largest cryptocurrency asset class. The halving is a pre-installed code change designed by anonymous Bitcoin creator Satoshi Nakamoto to manage BTC inflation and maintain supply scarcity. Nakamoto built the system to decrease mining rewards by 50% every 210,000 blocks or four years. As block mining rewards are halved, the amount of new BTC entering circulation is likewise reduced. Many believe that this reduced supply, combined with increasing demand through spot Bitcoin ETFs, will result in higher prices by next year. Hougan, whose company is a BTC ETF issuer, supports this sentiment. Coinpass CEO Jeff Hancock has stated that Bitcoin has matured from a hobby and speculative market into a real asset with institutional interest. This cycle is bound to be different, especially in a high inflation, high-interest rate economy, according to Hancock.
BINANCE:BTCUSDLong
by DEXWireNews
7 hours Left to Bitcoin HalvingThe upcoming halving of Bitcoin, scheduled to occur today at approximately 9 p.m. ET, will reduce the miners’ block subsidy incentive from 6.25 BTC to 3.125 BTC. This reduction has historically led to fluctuations in the price of Bitcoin, often preceding significant bull runs in the Bitcoin market. However, there is no clear cause-and-effect relationship between halvings and price movements. Past price spikes for Bitcoin have occurred in the six months following each halving event, with the cryptocurrency reaching new all-time highs in each four years between these events. While some analysts predict that a new market cycle may be kicking off earlier than anticipated, it is clear that Bitcoin’s long-term uptrend remains optimistic. The increased institutional engagement and the introduction of exchange-traded funds for spot Bitcoin in the United States are significant factors that distinguish this upcoming halving from previous ones. Institutions have entered the market and are now shaping its trajectory, bringing with them a new level of credibility, stability, and interest from mainstream finance. This integration of Bitcoin into the global economy is paving new paths for its demand and utility. According to Scott Shapiro, Senior Product Director at Coinbase, the introduction of spot Bitcoin ETFs has reshaped Bitcoin's market structure, establishing a new anchor for BTC demand. Steady daily net inflows into these products could significantly benefit the asset class, especially as the rate of newly mined Bitcoin declines. However, it is important to note that demand factors, particularly ETFs and institutional adoption, will continue to play a significant role in influencing the price of Bitcoin. In conclusion, while the halving of Bitcoin has historically led to fluctuations in its price, the upcoming halving is likely to be influenced by demand factors, particularly ETFs and institutional adoption. The increased institutional engagement and the introduction of exchange-traded funds for spot Bitcoin in the United States distinguish this upcoming halving from previous ones. It remains to be seen how the market will react this time around, but it is clear that Bitcoin's long-term uptrend remains optimistic.
BINANCE:BTCUSDLong
by DEXWireNews
$CKB performing Falling wedge in 4hr TF Keep eyes on it Sure, here are three key points on how to trade in a falling wedge pattern: 1. **Identify the Falling Wedge:** Look for a downward sloping trendline connecting the lower highs and a second trendline connecting the lower lows, creating a wedge shape. The price should be gradually narrowing within this pattern, indicating a potential reversal. 2. **Wait for Confirmation:* * Wait for confirmation of a bullish reversal. This can be signaled by a breakout above the upper trendline of the falling wedge pattern, accompanied by increased volume. This breakout validates the pattern and suggests that buying pressure may be overcoming selling pressure. 3. **Set Stop Loss and Target:** Set a stop-loss order below the lower trendline to limit potential losses in case the trade fails. Determine a target price based on the height of the wedge pattern, measured from the initial high to the low within the wedge, and project that distance upward from the breakout point. This provides a potential profit target. Remember to always manage risk and be cautious of false breakouts by waiting for confirmation signals before entering a trade.
Long
by Crypto-Adda_Official
2
Bitcoin - Dont Fear The Dip MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here Even tho the bull market is here BTC has not fully mooned yet there is still time to buy on DIPS . The market has just hit a critical level but should go lower when ready. This is a bullish structure and dips are buys, when these dips happen BTC can start its move higher . This needs to be watched carefully. BTC To The MOON Please watch the video for more information
COINBASE:BTCUSDLong
by MartyBoots
BTC Bitcoin Halving Tomorrow!If you haven`t sold the Double TOP on Bitcoin: Then you need to know that tomorrow we have the Bitcoin Halving! What is a Bitcoin block halving event? Block halving events occur every four years or after 210,000 blocks on the Bitcoin blockchain. Initially, Bitcoin's block reward was 50 BTC. Presently, the block reward stands at 6.25 BTC, with the next reward dropping to 3.125 BTC. This reduction slows down the rate of Bitcoin generation. The halving is a programmed, periodic event embedded within Bitcoin's code. Why was this implemented? Conventional FIAT currencies often experience inflation because governments or banks can increase the money supply. In contrast, Bitcoin has a finite total supply of 21,000,000 BTC, meaning no additional coins can be generated beyond this limit. This fixed supply, coupled with potential shifts in demand as Bitcoin adoption grows, positions it similarly to gold - a resource with a restricted supply that cannot be artificially inflated. My new price target for Bitcoin after the halving is $52K.
Short
by TopgOptions
3
Bitcoin Price Nears $65,000 as Market Activity SpikesThe cryptocurrency market has been experiencing an increase in Bitcoin price, with the digital asset nearing the $65,000 mark. Recent statements have eased geopolitical risks slightly, while concerns about new conflicts opening in the Middle East are diminishing. The spot Bitcoin ETF channel is also seeing a revival in trading volume, indicating increased demand. BlackRock's spot Bitcoin ETF has recorded over $430 million in volume in about an hour, contributing to a 5% increase in ETF prices and promising for the coming hours. If IBIT sees strong net inflows before Asian markets open, a turnaround scenario for BTC could activate. As of the time of writing, CRYPTOCAP:BTC was attempting to surpass $65,000. Meanwhile, Anthony Pompliano, a prominent investor and cryptocurrency advocate, noted that Bitcoin ( TSX:BCT ) has increased by 800% since the last halving event, outshining the minor gains made by the Gold market in the previous five years. This comparative analysis between Bitcoin and gold underscores a shift in investment preferences, particularly among those seeking assets that can withstand and capitalize on market and economic fluctuations. In addition, Bitcoin's price of about $61,200 is still above the bank's volatility-adjusted comparison with gold and its projected production cost after the halving. The cryptocurrency has gained due to spot Bitcoin ETFs making large purchases and strategic acquisitions by investors in anticipation of the halving event, as well as concerns about the U.S. national debt and the debasement of the U.S. dollar. However, volatility still rocks the crypto market, with the asset bouncing between $61,000 and $64,000 less than two days before Bitcoin's halving. This market fluctuation triggered more liquidations in Bitcoin positions and across the broader digital asset ecosystem, with long CRYPTOCAP:BTC positions suffering the biggest hit on April 18 due to the token's brief drop under $62,000. Technical Outlook Bitcoin ( CRYPTOCAP:BTC ) is trading above the 200-day Moving Average (MA) with a weak Relative Strength Index (RSI) of 43.87 giving hodlers and daily traders the opportunity to horde the asset before the long-awaited halving which is set to occur in 2 days. The monthly price chart of Bitcoin ( CRYPTOCAP:BTC ) shows a symmetrical triangle in the long term.
BINANCE:BTCUSDLong
by DEXWireNews
BTC on the way downBitcoin (BTC) against Tether (USDT) is currently priced at $69,731. After an unsuccessful retest, it is anticipated that BTC will undergo another retest before plummeting to a support level of $52,500 to $52,800. The unsuccessful retest indicates a potential weakening in the buying momentum, leading traders and investors to anticipate a decrease in price. This forthcoming retest is viewed as a critical juncture; if Bitcoin fails to maintain its position or show strength, it may trigger a sell-off, driving the price down to the identified support range. MFI on 4h looks, so there can be some trap, ADX low, lets hope it is safe to open position. 1. Target 53 000
Short
by Bitcoinblockchainonline
BTC - tricky to tradeI'll feel more confident about a potential uptrend if we can surpass the ~67k mark, where Monday's high range lies and from which we were rejected on our first bounce. If not, we're likely to continue experiencing volatility in this zone, potentially dipping to yesterday's lows around 61.5k. The 60-59k range—a critical support zone, that should mark the end of any selling, if not we could see another big drop and flush. At this moment, we are still considering scenarios that would see us drop to the 55-48k range as it was our first thought on BTC. In crypto, saying anything is impossible isn't wise as the market is unpredictable. That's why it's crucial to avoid leverage to not get knocked out by such extreme moves. A fall to 55-48k would represent a -30% correction on BTC, which is still perceived as healthy and bullish in the long term. The best strategy now is to endure, stay patient, and hold off on selling your spot purchases until the market trends upwards again.
by stromm_by_wmc
BTC Flips Bearish, Price Plummets Below $70.5KPanic gripped the cryptocurrency market this week as Bitcoin, the world's leading digital asset, tumbled below the crucial $70,500 mark. This sharp decline was accompanied by a disheartening shift in a key technical indicator, signaling a potential bear market on the horizon. The CoinDesk Bitcoin Trend Indicator (BTI), long a trusted gauge of Bitcoin's price momentum, has delivered a devastating blow to investor confidence. After a period of bullish dominance since late February 2024, the BTI has decisively flipped into bearish territory. This shift indicates a fundamental change in market sentiment, suggesting a potential reversal of the uptrend that had propelled Bitcoin to record highs earlier this year. While the price plunge and the BTI's bearish turn are undoubtedly concerning developments, some analysts caution against hitting the panic button just yet. Intriguingly, trading volume for Bitcoin remains relatively stable, indicating that some level of investor interest persists despite the selloff. This ongoing activity suggests that the market might be undergoing a period of aggressive correction rather than a complete collapse. Several factors are likely contributing to the current bloodbath in the cryptocurrency market. Mounting regulatory concerns continue to cast a shadow over the industry, with government agencies around the world scrutinizing cryptocurrency transactions and exchanges. This heightened scrutiny is creating uncertainty and deterring some institutional investors from entering the market. Geopolitical tensions and rising inflation are also playing a role in dampening investor sentiment. As traditional markets experience volatility, investors tend to seek safer havens for their assets, and cryptocurrency often gets sidelined during these periods. Furthermore, profit-taking by short-term investors who entered the market during the recent upswing could be exacerbating the price decline. The BTI's plunge into bearish territory serves as a stark warning for Bitcoin bulls. While the indicator doesn't guarantee a prolonged downturn, it suggests a significant shift in the balance of power between buyers and sellers. The coming weeks and months will be critical in determining whether Bitcoin can reverse this bearish trend. If Bitcoin can find support and stabilize above key price points, it could potentially restore some investor confidence and pave the way for a recovery. However, if the price continues its descent and the BTI remains in bearish territory, it could signal a more extended period of decline. This scenario could lead to a significant shakeout in the cryptocurrency market, potentially weeding out weaker players and fundamentally altering the landscape. Looking beyond the immediate turmoil, some analysts believe that Bitcoin's long-term prospects remain promising. They point to the continued development of blockchain technology and the potential for wider institutional adoption as reasons for optimism. These believers argue that the current downturn presents a buying opportunity for investors with a long-term outlook, allowing them to accumulate Bitcoin at a discount. The coming weeks and months will be a test of resilience for the entire cryptocurrency market. Bitcoin, as the bellwether of the industry, will be closely watched as it navigates these turbulent waters. Whether Bitcoin can weather the storm and emerge stronger, or succumb to the pressures of the bear market, remains to be seen. One thing is certain: the cryptocurrency market is in for a wild ride.
BITSTAMP:BTCUSDShort
by bryandowningqln