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Bitcoin Zip LineI’ve been tracking the course of bitcoin for the last 5 years. I think we are in for some major volatility soon! Scenario 1: The bitcoin price will rally as elections are heating up, and more people are sponsoring bitcoin and other meme coins in this period, in addition the tension in the Middle East . Consequently, the US market seems to have some underlying affect on the price of bitcoin. It is connected to the dollar. De-dollarization is a reality. But, you can’t back out on currency yet, too many people would be affected. People presently and people how will. So I expect the fed to cut rates hard, and quickly, without a doubt saving the economic bubble waiting to pop soon. Leading to a red swan event. No I did not say black. Red swan would be a global market chain reaction. Bitcoin would break upward toward the resistance area $68,387- 69,000which has been building since November 10th, 2020. If that occurs bitcoin could fall and complete a long striking falling wedge buying opportunity with a target of $42,000 and a liquidity pool around $37,600. Bitcoin could continue with selling pressure, or the big institutions will buy back bitcoin leading to an all time high price in a parabolic move toward $79,000, $100k, 150k, and $200k. Why so high? In short summary banks, coin IPO’s, Mining Harvests, Ripple, and AI This would be the greatest buy opportunity for either any retail trader or institutional investors. Maybe even private owned firms, government agencies, and owners of any equity. Scenario 2: A test of the $68’387-$69,000 area and a breakout to $73,000 could lead the price to $79,000. If this price is reached, bitcoin will either decide to test shaky hands and liquidate. As a matter of fact, new hands coming in, can squeeze toward $90,000 above 100k before deciding a true bullish path. Same rules apply on the buy opportunity. This would be parabolic as well which would make $42,000 the main support zone in a long term situation drawback. This is just a prediction, good luck ;)
BITSTAMP:BTCUSD
by R2CTrading
Inflation Increases 2.5%, Setting Scene for Rate CutMarket Update, September 13th 2024 Takeaways Inflation stays under control: The Consumer Price Index increased 2.5% in August compared to the previous year, down from the 2.9% bump in July. The latest data indicates the Federal Reserve will likely cut interest rates by 25 basis points next week. Bankrupt crypto exchange FTX has reached a $14 million settlement with Emergent Technologies, resolving a dispute over 55 million Robinhood shares: The agreement avoids further legal action and allows Emergent to finalize its bankruptcy proceedings. US spot bitcoin ETFs have seen a streak of daily net outflows, with nearly $1.2 billion withdrawn in just eight days: The downturn coincides with broader market volatility. The North Carolina Senate has passed a bill prohibiting state participation in any Federal Reserve-sponsored CBDC testing: The bill bans payments to the state using a CBDC. It passed despite a veto by Governor Roy Cooper. 🕰️ Topic of the Week: Understanding Interest Rates 🫱 Read more here
GEMINI:BTCUSD
by Gemini
BITCOIN BLUEPRINT 2.0 - MACRO MATRIXThis is a refined / updated version of my old 'BITCOIN BLUEPRINT' Macro Matrix. I struggle with finding the right display format for the charts on publishing tradingview ideas. Here is the chart organised so everything is visible. We are now seeing bitcoin story develop from its negative bias, into a positive one. ETFs have now been approved, aswell as other crypto ETFs. We are 150days post halvening, coming to a potential end for this period and start to move up into the upper Powerlaw band (Red). The important note is to realise we have 365days+ of Bull Run ahead of us. Anywhere around Mid Sept 2025 could potentially signal a Peak in Price, which precedes approx 1year in declining price actin (Bear Drop). All time highs & Lows by Cycle: CYCLE 1: Bull High = $31.50 / Bear Low = $1.85 CYCLE 2 : Bull High = $1140 / Bear Low = $145.5 CYCLE 3 : Bull high = $19170 / Bear Low = $3148 CYCLE 4 : Bull high = $68944 / Bear Low = $15495 --------------------------------------------------- Potential Forecasted Targets: CYCLE 5 : Bull High = $300000 - $325000 Bear Low = $58000 - $65000 CYCLE 6: Bull High = $1000000 - 1150000 Bear Low = $300000 - $325000 --------------------------------------------------- *Note - This is not financial advice, just finding from my own analysis work. The future targets based on forcasts will become more clear once previous cycles have completed. Therefore its best to focus on the next cycle, rather than jumping ahead one cycle. Seeing MIL:1M in CYCLE 6 is exciting! ------------------------------------------------- CONTEXT: As noted prior - we are seeing dveelopments in the BTC space. Most notably, the programability of BTC. With projects such as Fractal Bitcoin, TAPROOT, RUNES, BRC20, CAT20, OPNET, OPCAT and many many others paves the way for a fresh narrative other than digital gold.
BNC:BLX
by TraderE9
BTC Bitcoin Chart PredictionIf you haven`t sold the BTC top: Now you need to know that the summer decline in Bitcoin's price, despite multiple ETF filings, can largely be attributed to the massive selling pressure from several key sources like Mt. Gox, Silk Road, FTX, and Germany. This influx of supply overwhelmed the market, and there simply wasn't enough demand to absorb it. I think that the purpose of these ETFs is likely to stabilize Bitcoin rather than drive its price up dramatically. They're designed to bring more legitimacy and structure to the market. As for the technical outlook, the current formation of a falling wedge could indicate a short-term price increase. However, the expected retracement suggests that any near-term rally might be temporary. Longer term, I think Bitcoin has the potential to break higher, especially with more regulatory clarity and broader adoption. Reaching $80K by the end of the year seems possible, but a lot will depend on macroeconomic factors and the broader risk appetite in the crypto space.
by TopgOptions
Stablecoin liquidity is king - Bitcoin bullish thesisAn increase in stablecoin market cap often signals more money entering the crypto space, indicating bullish sentiment as investors prepare to deploy capital. This increased liquidity can lead to smoother trading and attract more participants, potentially driving up Bitcoin's price. The chart clearly illustrates this relationship: • Blue line (USDT+USDC+DAI market cap) shows steady growth • Orange line (Bitcoin price) follows with more volatile increases This correlation can serve as a leading indicator for Bitcoin price movements. During downturns, investors might sell Bitcoin for stablecoins, but as sentiment shifts, this "dry powder" can quickly flow back, driving Bitcoin's price up. According to my views on the stablecoin liquidity, the Bitcoin price should target the $72k level. Let me know your thoughts! BITSTAMP:BTCUSD CRYPTOCAP:USDT CRYPTOCAP:BTC
BITSTAMP:BTCUSDLong
by HenriqueCentieiro
1
BTCUSDT: IDEA THAT MIGHT RESONATE SOONHello All, Welcome to the quick update of BTCUSDT . We have seen BTC touch the levels of $ 52500 and retrace a bit until $ 58000 but couldn't hold it. We can see it dumping and is currently trading around $56100. The next levels to watch out for are $54700 and $53800 . If this holds, we can see BTC pump again and might make a new high in a few months. Support levels: $54700. $53900, $49600 in the long run. Resistance levels: $58027, $61100, $64000, and $72000 in the long run. Let's wait and see how this pans out. Until then, stay tuned and trade with caution, ensuring strict STOPLOSSES !! This is not financial advice, please do your research before investing, as we are not responsible for any of your losses or profits. Please like, share, and comment on this idea if you liked it. ScramblerG is always there to help and trade with caution but DYOR.
Long
by ScramblerG
BTC/USDT Short Setup on 4-Hour Chart Bitcoin (BTC/USDT) is currently testing a key resistance level, presenting an opportunity for a short trade. The price has reached a significant downtrend line and resistance zone, which could lead to a reversal and continuation of the bearish trend. This setup aims to target the 52K area, where the next major support lies. Technical Analysis: • Resistance Zone: The chart shows BTC testing a critical resistance zone, marked by a confluence of the downtrend line and horizontal resistance. This area has historically acted as a strong barrier, increasing the likelihood of a rejection. • Downtrend Confirmation: The overall trend remains bearish, with the price consistently making lower highs and lower lows. The current setup suggests the potential for a continuation of this downtrend. • Target: The target for this short trade is the 52K area, which aligns with previous support levels and the next logical area for buyers to step in. Risk Management: • Stop-Loss Placement: Place the stop-loss above the resistance zone to protect against a potential breakout and trend reversal. A reasonable stop-loss could be set above the recent highs. • Risk-Reward Ratio: This trade offers a favorable risk-reward ratio, with a significant potential downside if the price rejects the resistance level and continues downward. Market Sentiment: • Bearish Bias: The market sentiment appears to be leaning bearish, with BTC struggling to break through the resistance zone. This sentiment supports the short trade idea. • Watch for Breakouts: If BTC breaks above the resistance level, it may invalidate this short setup, and the market could see a shift in momentum. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
BShort
by AR33_