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BTC potential bounce areaBTC / USDT BTC in downtrend since last visit @ 72k Where we can see next strong bounce ? Personally i think the Area around 52k (54k to 50k) can lead to possible bounce But why ? …: This area has much supports cluster This area has big liquidity Around 52k is the moving average 50 on weekly chart (was the Dynamic support for this bullrun since 2023!) Keep watching price action there… Important condition: wicks below moving average are acceptable but not closing below it Best of wishes
by Babenski
36
Bitcoin(BTC/USD) Daily Chart Analysis For Week of July 12, 2024Technical Analysis and Outlook: Over the course of this week's trading, Bitcoin has continuously traded within the range of the completed Outer Coin Dip of 54000 and the Mean Resistance level at 57900. Our analysis anticipates a potential breakout from this fluctuation zone, implying upward movement toward the Mean Resistance level at 60400 and possibly further to the subsequent Mean Resistance level at 62800. It is important to note the presence of potential downward squeeze pressure at the specified target level.
BITSTAMP:BTCUSD
by TradeSelecter
Alternate Theory - 2026 BullI've actually had this theory for awhile, after watching Ben Cowen talk about lengthening cycles. Bull run of 2026 but this has a low percentage of actually happening in my opinion. We'll see when fed actually cut rates and by how much. I'm just pulling Cardano, Solana, and Chainlink for examples because they fit nice on the chart. But BTC will drop down to 39K in the event. It only makes sense either to make a bottom at this current position or to return to previous long-term lows. Solana will get hit the hardest, washing out all the garbage.
KRAKEN:ADAUSD
by seanders_
BITCOIN more correction Hello! After a period of extensive work and heavy projects related to my PhD course, I am back with you, dear friends. As usual, I will always be online to chart all Bitcoin price movements for you. After hitting a target with one analysis, we will have a new analysis. 😁❤🎉💕 According to the daily chart, we observe a double top, which indicates a further decline. On the 12-hour chart, as I have highlighted, we have a descending channel, and I predict that the price will reach the bottom of the channel, in the range of 50,000 to 52,000. ❌❗❌ This is the same strong resistance range that the price broke through a few months ago, leading to a significant rise. 📚💡 it is possible to see some range candles too 📚💡 📖💡 Feel free to express your perspective by commenting below. Thanks! 🐋
Short
by MadWhale
13
US Labor Market Cools and Inflation Pulls BackTakeaways US labor market and inflation showed signs of cooling in June: The unemployment rate rose to 4.1% and CPI, a core inflation measure, increased just 3.3% year-over-year. US House can’t override Biden veto: US lawmakers fell short of the two-thirds majority needed to overturn Biden’s veto of a Congressional resolution to overturn an SEC bulletin that puts additional pressure on firms that custody crypto assets. The Labour Party won a decisive victory in the UK general election last week: The win ended 14 years of Conservative rule and left the direction of crypto regulation somewhat uncertain. Spot bitcoin ETFs experienced nearly $300 million in net inflows on Monday: It was the highest since early June, with buying led by BlackRock’s IBIT and Fidelity’s FBTC. VanEck and 21Shares have updated their S-1 registrations with the SEC to list spot Ethereum ETFs: The ETFs are expected to begin trading shortly after approval, which should come later this summer. Doja Cat's Twitter account was hacked to promote a Solana-based meme coin named $DOJA: The breach prompted the star to alert her Instagram followers that she was not responsible for the tweets. 🔄 Topic of the Week: The Render Network (RNDR) 🫱 Read more here
GEMINI:BTCUSD
by Gemini
BTC is forming flag for another dip?Heyyy traders! Here are some thoughts on Bitcoin: As we can see, it seems like we are forming a bearish flag 🥵. Additionally, the volumes are diverging, meaning they are falling while the price is growing. Another confirmation for a dip is that we didn’t see a buyer's reaction from the important level around 0.618, and the movement is really weak. So, most likely, we can touch the zones of the previous support around 51k or even lower, around 48-49k. What's your thoughts guys?
BINANCE:BTCUSDShort
by SheTradesHub
July 10, 2024 Crypto Market UpdateBitcoin Daily Trend Analysis Bitcoin is struggling to re-claim the 200 Daily Simple Moving Average, a critical level for price. Today's price action saw Bitcoin fail to reclaim this important level, rejecting from a small High-Volume Node slightly below $60,000. The 200 SMA itself has ceased it's uptrend, and gone sideways and flat, Confirming the shift in trend for Bitcoin. Negative momentum continues to rise as evidenced by the Daily Average Directional Index and rising Bearish Directional Movement Index. Discretionarily, I feel a more pronounced movement to $60,000 - $62,000 is on the table, however with tomorrow's CPI print being released, we often see a buy the rumor sell the news situation. During past releases, Bitcoin's price rose up to the CPI announcement, then fell immediately afterwards. If we fail to close above $58,843, which I've marked as a Lower-Time Frame Breakout, then we will re-visit $56,000 - $54,000 within the next few days to re-test liquidity and the conviction of the buyers there. Bitcoin Daily Technical Analysis Bitcoin remains in a Daily Bearish Trend, with the critical level to break above being approximately $62,000. While we anticipate a short squeeze up to the $60-$62,000 level, failing to close and hold above would not mean a trend change, but an opportunity to short Bitcoin's price down to the $50,000 range as the market continues to digest the overhang from the German state of Saxony & Mt. Gox Payouts. Likely, this selling pressure both physically and psychologically needs to be processed by the market before any later year bullish narratives of FTX Creditors and Elections can take the reins. We have identified Regular Bullish Divergence off of the lows, however I will caution that during downtrends it's not often until the third such oversold signal that we see a sizeable bounce. This would only be the second so far. Volume Delta shows that buyers have been in control and gaining strength for the last four days, however volume still remains quite low across major exchanges. Bitcoin 4H Technical Chart Here we can see Bitcoin's failed attempt to break out of it's current consolidation range, with Time Transformation having successfully called both local tops over the past week. The Meso Uptrend is controlled by the price point of $56,600, closing below that level would, as stated earlier, likely lead to a plunge to approximately $54-55,000 if not lower. Note however, that DPMO has not confirmed this movement, meaning that it still believes an uptrend is in tact. Bitcoin Liquidation Heatmap cdn.prod.website-files.com Market Makers have shifted their attention from liquidating short positions to their favorite activity for the past three months, liquidating longs! Bitcoin made a triple bottom in the cluster of $57,400, however we have now just double topped below the closest short liquidation position. We now move for a fourth test of this zone, and buyers appear to be exhausted. Should we break below this it is likely we will clear most long liquidations below $57,000. Bitcoin Footprint Chart cdn.prod.website-files.com We are forming a Symmetrical Triangle Pattern, and we can see the failed breakout attempt Bitcoin made overnight. American and European traders, who had showcased themselves as quite bullish in stark contrast to the Asian cohort, flipped into active sellers today. I am currently in a short position, targeting the $55,500 zone. I will reevaluate the position at that time. Aggressive Sell Imbalances and Short Liquidations lie close to current price at $58,000 and $58,300. Price would need to close convincingly above those levels to invalidate the short setup. Those would be entry targets for those looking to follow along. Large Limit Asks were filled between $58-59,000 overnight. Bitcoin Dominance Bitcoin Dominance continues it's Symmetrical Triangle Consolidation, and approaches the ascending support level. Altcoins have continued to perform well in this consolidation, and most look as if they are breaking out or on the verge of breaking out while Bitcoin struggles. With the Alt Season Index indicating that now is a historically profitable time to enter altcoins, a breakdown of Bitcoin Dominance with surging altcoin prices could indicate that Bitcoin will largely consolidate over the summer and we could get a nice Altcoin Summer. This is something I'm watching very closely. Altcoin Dominance Stablecoin Dominance Altcoin Dominance currently sits at 16.9% of Total Market Capitalization. Stablecoin Dominance continues to rise and sits at 7.43% of total Market Capitalization.
BITFINEX:BTCUSD
by CrackingCryptocurrency
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 Update: Key Levels and Market Outlook for Upcoming Weeks.Bitcoin (BTCUSD) currently holds a strong support level at $55,300. This key level presents a significant opportunity for potential gains. If the support at $55,300 fails, the next critical supports are at $52,000 and $48,500. Given the approaching bull run, we expect a bounce from these levels, particularly in Q4 2024 and Q1 & Q4 2025. As with previous bull runs, we anticipate substantial volatility during this period. Remembering to exit the market around March or November 2025 is crucial, as the bull run is expected to conclude around this time. Based on historical data and calculations, the Minimum target for Bitcoin in this bull run is $253,623. If Bitcoin flips the resistance at $253,623 by February 2025, we could see a maximum target of $275,780. Previous bull runs in 2013, 2017, and early 2021 exhibited unexpected price pumps, and we may witness similar volatility this time. While observing resistance zones, it's essential to keep trades active and plan to exit long positions by March or November 2025. For more detailed analysis and future trading ideas, follow us on TradingView. Share this idea with your friends and family to maximize profits. Please like, comment, and engage with our posts for more insights. Thanks!
INDEX:BTCUSDLong
by Houseofcryptokings
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
Bitcoin Price Nears 200-Day SMA: Bullish Signal on the Horizon? Bitcoin (BTC), the world's leading cryptocurrency, has been on a rollercoaster ride in 2024. After a strong start to the year, prices dipped below the crucial 200-day Simple Moving Average (SMA) in early July, sparking concerns about a potential bear market. However, recent price movements suggest a potential bullish reversal, with Bitcoin again hovering close to the 200-day SMA. The 200-Day SMA: A Key Indicator The 200-day SMA is a technical analysis tool investors use to gauge the long-term trend of an asset's price. It's calculated by averaging the closing price of Bitcoin over the past 200 days. This metric helps smooth out short-term price fluctuations and provides a clearer picture of the overall market direction. Historically, the 200-day SMA has played a pivotal role in identifying bull and bear markets for Bitcoin. When the price trades above the 200-day SMA, it's generally seen as a bullish signal, indicating an upward trend. Conversely, prices consistently falling below the SMA suggest a bearish market. Bitcoin's Recent Price Movements In early July, Bitcoin dipped below the 200-day SMA for the first time since August 2023. This triggered anxieties among some investors, questioning the sustainability of the current bull run. However, it's important to note that such temporary dips below the SMA have occurred during previous bull markets. For instance, in 2016, Bitcoin fell below the 200-day SMA for three months before embarking on a significant upward trajectory that culminated in the 2017 bull run. Similarly, in 2023, Bitcoin dipped below the SMA in August but recovered shortly after, continuing its bull run through the end of the year. Reclaiming the 200-Day SMA: A Potential Bullish Signal The current situation presents a critical juncture for Bitcoin. It could be a significant bullish signal if the price can successfully reclaim the 200-day SMA and maintain a position above it. This would suggest a continuation of the current bull run and potentially pave the way for further price increases. There's historical precedent for such a scenario. In early 2023, Bitcoin successfully reclaimed the 200-day SMA after a brief dip, marking the beginning of a strong bull run that lasted throughout most of the year. Factors Supporting a Bullish Outlook Several factors contribute to the potential for a bullish reversal. Firstly, Bitcoin's underlying fundamentals remain strong. The network continues to experience steady growth in hash rate, indicating strong miner participation and network security. Additionally, institutional adoption of Bitcoin is on the rise, with major investment firms and corporations increasingly recognizing its potential as a valuable asset class. Secondly, the recent price dip could be attributed to short-term market corrections and profit-taking by some investors. These temporary fluctuations are natural occurrences within any bull market and shouldn't necessarily be interpreted as a sign of a long-term bearish trend. Looking Ahead: Important Considerations While the current price movements suggest a potential bullish outlook, it's crucial to maintain a cautious and realistic perspective. The cryptocurrency market remains highly volatile, and unforeseen events can trigger significant price swings. Investors should closely monitor economic factors, regulations, and industry developments that could impact Bitcoin's price. Additionally, conducting thorough technical and fundamental analysis is essential before making any investment decisions. Conclusion Bitcoin's price hovering near the 200-day SMA presents a fascinating situation. While a successful reclaim of the SMA could signal an upcoming bullish phase, continued vigilance and comprehensive analysis are necessary. The cryptocurrency market is dynamic, and investors should be prepared for potential volatility. However, the underlying strength of Bitcoin's network and growing institutional adoption suggest that the long-term outlook remains promising.
BITSTAMP:BTCUSDLong
by bryandowningqln
Bitcoin Seasonality: GMI Total Liquidity Index CorrelationBitcoin's price action appears to correlate with seasonal trends in global market liquidity, as measured by the GMI Total Liquidity Index. This relationship offers insights into potential Bitcoin price movements throughout the year: Winter (Blue): Often coincides with tighter liquidity conditions. Bitcoin may experience consolidation or downward pressure during this period. Spring (Green): Usually marks the beginning of increasing liquidity. Bitcoin tends to show signs of accumulation and the start of upward movements. Summer (Yellow): Typically represents peak liquidity conditions. Bitcoin often experiences strong bullish trends during this season, with some of the most significant price increases. Fall (Orange/Brown): Liquidity begins to taper off. Bitcoin may continue its upward trend from summer but at a slower pace, or begin to show signs of distribution. This pattern suggests that Bitcoin's price movements might be influenced by broader market liquidity cycles. Higher liquidity periods (spring and summer) tend to correlate with stronger Bitcoin performance, while lower liquidity periods (fall and winter) often see more muted or negative price action. Disclaimer: It's crucial to note that while these patterns are observable, they aren't guaranteed to repeat. Other factors such as regulatory changes, technological developments, and macroeconomic events can significantly impact Bitcoin's price, potentially overriding seasonal liquidity trends. Traders and investors might use this seasonal liquidity perspective as one of many tools for understanding potential Bitcoin market cycles, always in conjunction with other forms of analysis for a comprehensive view.
BITSTAMP:BTCUSD
by MacroViewer101
2
BTC/USD Chart Analysis July 10, 2024The chart shows four scenarios for Bitcoin (BTC/USD) price movement. Three of these scenarios indicate a potential drop to the GETTEX:52K -$50K range. First Scenario (Yellow Line): The price may sharply drop to around $52K. Second Scenario (Red Line): The price falls further to around $50K. Third Scenario (Blue Line): The price continues to decline to around $50K, but with a steeper trajectory. However, there is one positive scenario: Fourth Scenario (Green Line): If the price touches the EMA200 and successfully stays above the trend line, we might see the price climbing up afterward. 💬 My Opinion: From my observation, although there is a high likelihood of the price dropping, the fourth scenario offers hope for a price recovery. In such a volatile market, it is crucial to stay cautious and be prepared for both possibilities. Keep monitoring the price movements and always check the EMA200 as a key indicator. Whether the price goes down or up, there are always opportunities for good investments and trading strategies. Stay positive and make wise investment decisions! 🚀 #CryptoCommunity #BTC #Bitcoin #TradingAnalysis #StayInformed 🚀
BITSTAMP:BTCUSD
by Malaysiancryptocommunity
2
$BTC Summer '24 rhymes with Summer '23 - despite FUD, NEWSQuick CRYPTOCAP:BTC price action on the weekly chart. Technically speaking, we're looking to set a local low. Fundamentally, we are suffering from FUD around Mt. GOX coins and other institutional holders, like Germany. It’s only a few days worth of aggregate volume but the specter of a dump is spooking the market and encouraging the bulls to wait. To me, despite all the news, we look very similar to the March-October period of last year, where it took 3 attempts and establishing 25K as floor price, before finally breaking through the strategic $30k level. This summer, we're likely to see a similar movement play out, establishing $50k as a floor before ultimately breaking above the strategic price of $70k. Perhaps in an inverse head and shoulders fashion.
BITSTAMP:BTCUSD
by dawsonMoonshot
2
BTCUSD Daily OutlookBTCUSD traded in a narrow range between $53550 and $58200 for the past week. It hit a high of $58200 yesterday. According to Farside investors, spot BTC ETF inflows of $143 million on Jul 6th, 2024. Markets eye US Fed chairman Powell's speech today and CPI data this week for further direction. US markets - NASDAQ (negative correlation with BTC) - Bearish (neutral for BTC). The NASDAQ hits a fresh all-time high on rate cut hopes. Any close above 20500 will take the index to 21000. According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 66.50% from 57.90% a week ago. Technicals- BTCUSD trades above the short-term moving average (21 and 55 EMA) and the long-term moving average (200 EMA) in the 4-hour chart. Minor support- $53000. Any break below will take it to the next level at $51825/$50000/$47000. Bull case- Primary supply zone -$57000. Any break above confirms a bullish continuation. A jump to $60000/$63500/$65000/$70000 is possible. Secondary barrier- $70000. A close above that barrier targets $75000/$80000. It is good to buy on dips around $55000 with SL around $50000 for TP of $75000.
BITSTAMP:BTCUSDLong
by adiechiii