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Bitcoin Price Breaks $63,000 Following Assassination AttemptBitcoin Price Breaks $63,000 Following Assassination Attempt In a dramatic turn of events, the price of Bitcoin surged past $63,000 following an assassination attempt on former U.S. President Donald Trump. This unexpected spike in Bitcoin’s value has captured the attention of investors and analysts worldwide, highlighting the intricate relationship between political events and financial markets. The incident occurred during a campaign rally in Pennsylvania, where a gunman opened fire, targeting Trump. Fortunately, Trump survived the attack with minor injuries Market Analysis Analysts have linked the rising price of Bitcoin to improved odds of a Trump election victory. Trump’s pro-crypto stance has made him a preferred candidate for many Bitcoin advocates. Exchanges saw heavy trading volume as Bitcoin broke above its 200-day moving average, a technical level viewed by many as a bullish signal. Bitcoin’s recent price movement is part of a broader trend of volatility in the cryptocurrency market. Earlier this month, Bitcoin’s value had dipped to lows near $53,000 due to Mt Gox pay out and German government action with Bitcoin. However, the cryptocurrency has shown resilience, bouncing back and regaining its footing above $60,000. Investor Sentiment The assassination attempt on Trump has been described as a “black swan event” by some crypto commentators, referring to its unexpected nature and significant impact on the market. Investors are now closely watching the market to see if Bitcoin can sustain its current momentum and potentially reach new all-time highs. Future Outlook Looking ahead, the future of Bitcoin remains uncertain but promising. If Trump continues to gain political traction and maintains his pro-crypto stance, Bitcoin could see further gains. However, it’s important to note that the cryptocurrency market is inherently volatile, and external factors such as regulatory changes, technological advancements, and macroeconomic trends will continue to play a significant role in shaping Bitcoin’s trajectory. Conclusion The recent surge in Bitcoin’s price following the assassination attempt on Donald Trump underscores the complex interplay between politics and financial markets. As Bitcoin continues to evolve and gain mainstream acceptance, events like these will likely become more common, reflecting the growing influence of cryptocurrencies in the global economy. Investors and analysts will be keeping a close eye on future developments, particularly in the political arena, as they assess the potential impact on Bitcoin and other cryptocurrencies
BITSTAMP:BTCUSDLong
by bryandowningqln
BTC BULLS ARE BACK ?BTC / USDT In my previous analysis i mentioned area between 54-50k for potential bounce And thats exactly what happen..it pumped hard from 53k You can check my previous analysis ▶️ here What next ? Above red zone in my chart bulls are in full control So as long as price is holding above this area i keep my eye at 70k We can also see that many altcoins printed giant bullish patterns with fear sentiment in market for days in G&F index Surely this could be the bottom for BTC& many altcoins for the next rally…What do u think ? Share with us in comments section below ⬇️
Long
by Babenski
2
BTC about to drop down, again!Cryptocurrencies rallied over the weekend following the assassination attempt on the Republican presidential candidate Donald Trump. Experts expect the botched attempt to increase the odds of a Republican victory. “As we near elections this fall, the cryptocurrency community has generally shown bullish responses toward pro-Trump news, due to his recent pro-crypto comments. It goes without saying that surviving an assassination attempt is perceived as pro-Trump news. Therefore, bullish responses have occurred,” the crypto intelligence firm Santiment said. The price of Bitcoin rose 4.4 percent to $62,610 over the past 24 hours, after having dropped 5.5 percent over the past month, Trading View’s Bitcoin chart shows. Another factor that dragged down the price of Bitcoin over the past weeks, but now is gone, is the massive sale of the Bitcoins seized by the German government. On Saturday, the government had sold off its entire balance of 49,860 Bitcoin, valued at $2.9 billion, according to Arkham Intelligence data. This relief might be temporary. “The impending Mt. Gox liquidation could significantly impact the market between August and October. Up to $6 billion of the $9 billion could be sold, potentially influencing market dynamics This potential influx of sales could create challenging conditions for Bitcoin traders in the coming weeks…,” 10xResearch writes in its daily note. A timid sun will shine over Bitcoin in the next hour or so signaling slightly bullish market conditions and possible buy opportunities. However, drizzle lingers over Ether, Binance Coin and Ripple’s XRP translating into bearish market conditions and potential sell opportunities. Over a 1-day and 1-week time horizon, this drizzle will sweep over Bitcoin, while Ether should profit from a timid sun shining through the clouds. Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSD
by ATTMO
Bitcoin's Worst-Case ScenarioWith Bitcoin's ETF approved, and Ethereum's ETF news on the air, almost everyone, including myself, is expecting Bitcoin to go up. I have been updating the Bitcoin upward movement step by step; check out the link below. Now, as an investment/trader, one has to consider the worst-case scenario too: if Bitcoin moves in a wide sideways channel, and currently Bitcoin is at the top of this channel. The first sign for this scenario to happen is Bitcoin breaking the first uptrend line. And the final sign is breaking the second uptrend line. I myself give very little probability to this scenario. But, who knows? It is better to be ready than sorry. Let's see what happens.
by SaeedSalehinia
2
Bitcoin BTC price starts rapidly move after "fresh" US CPIThe "fresh" CPI US was announced at 3.0%, while the forecast was 3.1%, the previous figure was 3.3% The data is more than positive, laying a good foundation for the start of the Fed rate cut Logically, the price of financial assets should rocket upwards, well, at least the SP 500 does) But unfortunately, the correlation between stocks and CRYPTOCAP:BTC is now the lowest since 2019. On such positive news, in a strong market, OKX:BTCUSDT price should have soared to $62 thousand, or even $64 thousand Maybe this will happen with a certain "time lag" according to the blue scenario. But still, you should keep the red scenario in mind at the same time: First, another update at least to the $52000-52800 area and "shake out" of the long positions, and only after that the growth trend will begin. What are your thoughts? Which scenario is more likely now?
by P_S_trade
16
#BTC/USDT Hit our Target $63k What's Next? Since the last BTC update, the price has followed our expected path perfectly. Currently, BTC is trading right around the critical resistance level of $63k, a level I've highlighted since it reached $53k. This is the moment of decision. Following the news of an assassination attempt on Trump, the market experienced a relief rally. However, it's still uncertain whether we are out of the woods yet. The best strategy now is to start positioning into altcoins while holding BTC. Over the past 3-4 weeks, I've posted insights on 40 altcoins. Feel free to review those, as I'll be sharing 30 more promising altcoins starting today, so make sure to follow me. Returning to the chart, if BTC breaks above the $63k level, we could see it trading around $70k+ in the short term. The mid-dotted line, which previously acted as support, has now turned into resistance. A breakout above this level could be very bullish for the market since the same level aligns with Multiple EMAs. We are almost there; patience is key. The most reasonable move now is to wait for a breakout above $63k. A break and close above this level would signal a strong opportunity to go long on both altcoins and BTC. I will keep this chart updated and inform you of any significant changes, whether the breakout occurs or not. So, follow me and share these charts with others. Don't forget to hit the like button. Please share your views, questions, or altcoin requests if you have any. Thank you. PEACE
by Cryptorphic
11
BTCUSD Bullish Robbery PlanMy Dear Robbers / Traders, This is our master plan to Heist BTCUSD 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 at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: 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. Stop Loss : Recent Swing Low using 4h timeframe Warning : Fundamental Analysis 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 💰💵 Join your hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
BINANCE:BTCUSDLong
by Thief_Trader
Bitcoin High Time Frame Plan - 12.07.2024Hello TradingView Community 👋 A lot of uncertainty in the crypto market currently, therefore it is best to stay alert and open for any possible outcome. I want to present to of those scenarios here: 🚀 Bullish Scenario: In the bullish scenario for Bitcoin, the plan is straightforward. First, the price needs to trade through the daily Fair Value Gap (FVG) and Balanced Price Range (BPR), which means Bitcoin should fill the existing price gap created by rapid price movements. Next, Bitcoin must reclaim the value area, indicating that the price rises above the region where significant trading volume has occurred previously, restoring confidence among market participants for higher prices. An essential step would then be to break the market structure on the daily chart (COS). After breaking the market structure, a retest of the value area low should occur to confirm this area now acts as support. Finally, in this scenario, Bitcoin would run to equal highs and establish new all-time highs (ATH), signifying a strong upward movement. 💰 💣 Bearish Scenario: In the bearish scenario, if Bitcoin fails to trade through the daily FVG & BPR and gets rejected at the value area low, it would indicate weakness. If this rejection occurs, the next move would likely be a decline to a new low, targeting the 50k level. This would suggest a significant downward trend and caution among traders. We keep our position from 55236$ open 👍 👇👇
by stromm
Bitcoin Roadmap==>>1-hour time frameThese past few days, the cryptocurrency market has been affected by news about the Mt.Gox exchange and the German government's manipulations . Bitcoin has managed to break the Heavy Support zone($61,100_$58,700) and 200_SMA(Daily) and is currently completing a pullback . In terms of Classical Technical Analysis , it seems that Bitcoin has succeeded in forming a Symmetrical Triangle Pattern ( A symmetrical triangle is usually a continuation pattern ). Regarding Elliott's wave theory , Bitcoin seems to have finished the Double Three Correction(WXY) . I expect Bitcoin to fall at least to the Lower line of the Symmetrical Triangle Pattern and Cumulative Long Liquidation Leverage . Note: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze (BTCUSDT), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; 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.
Short
by pejman_zwin
14
BTC Long - Take Profit Targets (Short Term/Scalp)🚀 CRYPTOCAP:BTC Update: Soaring High! 🚀 My positions are crushing it! 🤑 Time to start locking in some gains. 😎 Scaling out in these zones: #BTC: $59.5K - $63.5K 🎯 Already de-risked 25% as we hit the lower end of my targets. Smart money secures profits along the way! 😉 Remember, this is NOT financial advice. Do your own research and trade responsibly! 🧠 Thank you If you’ve found this useful and are interested in learning more, please consider freely supporting my content: 🙏 🔗 Follow me: @endeavor_quest ❤️ Like and Repost
INDEX:BTCUSDLong
by EndeavorQuest
BTC → Bitcoin to $40,000? Or to $80,000? Let's Answer.Hello everyone, I am back! I spent the last couple of months finishing the trading course, which is now live. With that project complete, I am back to the analysis! My Bitcoin Weekly analysis has not dramatically changed since March 25th. Bitcoin is now staring at the $65,000 to $74,000 resistance zone. A double top has formed after three pushes up, and we have closed below the Weekly 30EMA. How do we trade this? 🤔 We ought to be looking for a long entry since Bitcoin is bullish on this timeframe. We now have three completed pushes toward the upside ending with a double-top in the resistance zone, we need to at least wait for a two-legged pullback toward the Support Zone between $40,000 and $45,000. Once successful signal and confirmation candles close above the Weekly 200EMA, it's reasonable to enter a long position at a 1:2 Risk/Reward ratio. Stop loss should be set below the Weekly 200EMA at $32,350, the first take profit at 1:1 Risk/Reward at $51,600 where the stop loss is moved to your entry price, then the final take profit at $61,300 before the Resistance Zone at $65,000. 💡 Trade Idea 💡 Long Entry: $42,000 🟥 Stop Loss: $32,350 ✅ Take Profit #1: $51,600 ✅ Take Profit #2: $61,300 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Three pushes up into the Resistance Zone at $65,000 - $74,000 2. Double-top reversal pattern completed inside Resistance Zone 3. Weekly close below the 30EMA, more confirmation of a pullback 4. Wait for a two-legged pullback toward the 200EMA in the Support Zone between $40,000 and $45,000 5. RSI is near 49.00 and below the Moving Average. Wait for contact and a final drop toward 40.00 in concurrence with the price action to enter. 💰 Trading Tip 💰 It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
INDEX:BTCUSDLong
by TraderEngineering
1