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Bitcoinprice

Bitcoin - upside potential in the next 24 hours The cryptocurrency trend was negative over the past 24 hours, as seized Bitcoins continue to be offloaded to crypto exchanges. Yesterday, the German government offloaded an additional 832.7 seized Bitcoins to centralized crypto exchanges such as Kraken and Bitstamp, Lookonchain reports. On Monday, it transferred 1,500 Bitcoins. The German government still holds a total of 43,859 Bitcoins worth $2.7 billion at today’s price. The price of Bitcoin dropped 2.8 percent to $61,146 over the past 24 hours, Trading View’s Bitcoin chart shows. It now trades 17 percent below its all-time high of $73,628. Standard Chartered foresees its price hitting an all-time high next month and trading around $100,000 by November when the US presidential elections are held, $150,000 by year-end and $200,000 by the end of 2025, the Block reports. ATTMO forecasts mostly sunny trading conditions for Bitcoin, translating into a slightly bullish market, for the next 24 hours. Check attmo.ai to get insights into the 3-day and 7-day forecast for Bitcoin and the rest of the market.
BITSTAMP:BTCUSDLong
by ATTMO
Bitcoin Struggles with ResistanceBitcoin failed to continue rising above the resistance area of $63,650. The price is now correcting its gains and might revisit the support at $60,850. Bitcoin faced difficulty extending gains above the resistance levels of $63,650 and $63,800. A peak was formed at $63,798, and the price started a downward correction. The price dropped below the $63,000 level. The bears managed to push it below the $62,500 level and the 100-hour simple moving average. There was also a move below the 50% Fibonacci retracement level of the upward move from the $59,951 low to the $63,798 high. Bitcoin is now trading below $62,500 and the 100-hour simple moving average. A bearish trend line is forming with resistance at $61,850. The bulls are now trying to protect the $61,400 zone and the 61.8% Fibonacci retracement level of the upward move from the $59,951 low to the $63,798 high. If there is another increase, the price might face resistance near the $61,850 level and the trend line. The first major resistance is near the $62,250 level. The next major resistance could be at $62,500. A clear move above the $62,500 resistance might start a steady increase and push the price higher. In this case, the price could rise and test the $63,250 resistance. Any further gains might drive BTC towards the $63,650 resistance in the near term. If Bitcoin fails to climb above the $62,250 resistance area, it could continue to decline. Immediate support on the downside is near the $61,400 level. The first major support is at $60,850. The next support is forming near $60,500. Any further losses might push the price towards the $60,000 support area in the near term. If you are a long-term investor, it might be better to hold onto Bitcoin if you believe in its long-term potential. Short-term fluctuations can be part of the journey towards larger gains in the future. If you are a short-term investor, you might consider partial or full selling if Bitcoin breaks below major support levels (such as $60,850) and a continued decline is confirmed. You can invest or increase your holdings if Bitcoin surpasses strong resistance levels (such as $62,500) and continues to rise with positive signals. For day traders, you can take advantage of the quick market movements by entering and exiting positions based on short-term technical trading signals. Always avoid investing money you cannot afford to lose and seek specialized financial advice if you are unsure about your decisions.
COINBASE:BTCUSD
by bbitar
Monthly Chart v. Weekly Chart May Indicate TroubleSince every dollar of price action is raising concern in either direction, let’s take an in-depth look at what’s happening with the price of Bitcoin. On the weekly chart (left), we can see the RSI is just starting to pivot and we can see the Stochastic RSI will have a cross in the coming weeks, usually indicating an uptrend. Price action has been within the same range for about three months, building healthy market structure. Then we get to the monthly chart. The monthly chart (right) is showing slowed momentum. We can see in the Stochastic RSI that the orange line is on top of the blue line – usually a bearish indication. This has me a bit concerned and considering how we’ve had ranged price action and are dropping from an RSI of around 80, it may be a warning sign of what's to come. Take a look at the green arrows on the monthly chart. Every time the purple line crosses above the yellow line, we see a price rally. Now look at the red arrows. When we see the purple line cross below the yellow line, price falls. The first red arrow you see, that was about a 70% drop. The second red arrow you see was about a 52% drop from the next pivot in momentum and a total of a 73% drop once RSI bottomed. This is when you want to have your strategy in place for if the weekly chart champions the monthly chart or if we do in fact have that RSI monthly purple line cross below the yellow and we go lower. Be ready for whatever the case may be! I'm thinking it's probable we may see a 50% drop before seeing all-time highs and the rally we've all been waiting for.
BITSTAMP:BTCUSD
by MicheLee
1
Bitcoin Failing To PumpHey guys, It looks like Bitcoin had its little pump from $60K to GETTEX:64K but now it appears that it can't hold up the price. It keep making lower highs in the short term and the signals look pretty bearish right now. The MACD has a green dot on the daily but all other smaller time frames are rather bearish. Things can get volatile so we might see some pumps and dumps while the price consolidates. This could go on for another month or two yet before we see the price making a clear direction in the upward trajectory in October. I'm looking at Bitcoin falling to $58,500 before we do a bit of sideways action with a positive twist. If you agree with my thoughts please boost and subscribe! When you need to decide. Let your heart be the guide.
BITSTAMP:BTCUSD
by EliteSignals
Bitcoin Weathers the Storm: Resilience Shines Despite DollarBitcoin (BTC), the world's leading cryptocurrency, has surprised many by demonstrating resilience in the face of a strengthening US dollar. Despite a historically observed inverse relationship between the US Dollar Index (DXY) and Bitcoin, this comes. The DXY, which measures the value of the US dollar against a basket of foreign currencies, currently sits at a lofty 106, indicating a robust greenback. This level is significant, having only been surpassed for 34 trading days in the past year. Traditionally, a strong dollar weakens the appeal of dollar-denominated assets like Bitcoin, as investors seek havens in other currencies. However, Bitcoin's current price action defies this historical trend. While not at its all-time high, Bitcoin is currently trading only around $10,000 below that peak, a testament to its continued strength in the market. Several factors may be contributing to this unexpected decoupling. Shifting Investor Sentiment: The cryptocurrency market has matured significantly since its early days, and investor sentiment is evolving alongside it. While Bitcoin was initially seen as a speculative asset class, it's increasingly viewed as a potential hedge against inflation and traditional financial uncertainties. This shift in perception could be mitigating the negative impact of a strong dollar on Bitcoin's price. Institutional Adoption: The influx of institutional investors, such as hedge funds and investment firms, into the cryptocurrency space is another potential factor. These institutions often have a longer-term investment horizon and may be less swayed by short-term fluctuations in the dollar's value. Their presence could be lending stability to the Bitcoin market. Bitcoin Mining Difficulty Adjustment: The Bitcoin network is designed to adjust mining difficulty roughly every two weeks automatically. This ensures a consistent rate of new Bitcoin entering circulation, regardless of the computing power dedicated to mining. An upcoming significant decrease in mining difficulty is anticipated, which could further bolster investor confidence. Positive Developments Within the Crypto Ecosystem: The broader cryptocurrency ecosystem is witnessing continuous innovation and development. The emergence of Decentralized Finance (DeFi) protocols, Non-Fungible Tokens (NFTs), and Layer-2 scaling solutions is attracting new users and capital into the space. This overall growth in the crypto ecosystem could be spilling over and positively impacting Bitcoin's price. Uncertainties Remain: Despite the positive signs, it's important to acknowledge the inherent volatility of the cryptocurrency market. The future trajectory of the DXY and broader economic conditions will undoubtedly continue to influence Bitcoin's price. Additionally, regulatory developments and potential security breaches could pose challenges in the future. Looking Forward: Bitcoin's resilience in the face of a strong dollar is noteworthy. While the reasons behind this decoupling are multifaceted, it suggests a maturing market with a growing pool of long-term investors. As the cryptocurrency ecosystem continues to evolve and gain mainstream adoption, Bitcoin's position as a store of value and a potential hedge against traditional financial instruments could solidify further. However, close attention should be paid to both internal and external factors that may impact Bitcoin's price in the coming months and years.
TVC:DXY
by bryandowningqln
Is Bitcoin set for rebound?Over the past week, Bitcoin’s (BTC) price dropped below the $60,000 mark on two separate occasions, which was accompanied by a slight increase in the reserves held by exchanges.  Interestingly, alongside the increase in BTC on exchanges, there was a significant uptick in the creation of new addresses. On the 24th of June, BTC experienced a notable drop of 4.60%, with the day’s trading closing at approximately $60,263.  Despite this close, the price had dipped as low as $58,411 during the day. Similarly, on the 28th of June, BTC’s price again tested lower levels.  It declined to $59,868, and closed at around $60,313, marking a decline of over 2%. As of this writing, BTC was trading at around $63,215, showing a modest increase of less than 1%. The Relative Strength Index (RSI), a key indicator of price momentum, was around 43.  This suggested that BTC was in a strong bear trend.  The move might thus precede a potential price rebound. This week’s price movements have had an impact on broader market dynamics as well, including the creation of new Bitcoin addresses and changes in exchange reserves.  Typically, significant price declines can trigger increased activity on exchanges as traders move BTC to sell or buy at perceived key levels.  Also, new addresses may be created as new or existing participants enter the market to capitalize on the volatility.  Such a significant rise often reflects broader market movements or sentiment shifts, which could have various implications for BTC’s network activity and price dynamics.
WHITEBIT:BTCUSD
by paul_endeo
BTCUSD Bitcoin Robbery Plan in Bullish DirectionMy 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, Stop Loss: Recent Swing Low using 4h timeframe 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
KRAKEN:BTCUSDLong
by Thief_Trader