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Bitcoinpriceforecast

Bitcoin Price Forecast: Potential Bull Run in Q4 2024 & Q1 2025 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 insights, follow us on TradingView to stay updated with our latest ideas and benefit from our expertise.
CRYPTO:BTCUSDLong
by Houseofcryptokings
The first green September in 10 yearsIn my last post , I made the case of Bitcoin going to 21k. In this analysis, I want to question that theory. TLDR: I am questiong my last analyses of Bitcoin going to 21k, based on the current price action. After the breakout of the support/resistance zone, I was certain 21k was confirmed. However, the next day, an engulfing bullish candle was formed. This did not had to lead to a new theory, but the price kept on rising. I set 2 conditions for myself as to when to switch my opinion: 1: Bitcoin has to break the current resistance zone (condition has been met today) 2: Bitcoin has to touch the second resistance zone, and come back to the old zone, making it new support. As the first condition has been met, I see it less likely for Bitcoin to reach 21k. I think the new confirmation should be: If Bitcoin breaks the resistance line it is touching right now, then 21k is off the table, and we will see our first green September in 10 years.
COINBASE:BTCUSD
by FetchTeam
2
IMPORTANT! Bitcoin Long-term Price Projection Update!I have officially decided to update our long-term price projection for Bitcoin. A major key change is the elimination of the mini-bull market. Instead we are expecting the current bull market to develop into a major bull market. There is also a very high likelihood that this will be the only bull market for the 4th cycle. In this video we partially stepped outside of The Crypto Weather Channel world to explain our reasoning behind these changes. Thanks for watching!
INDEX:BTCUSDLong
by TheCryptoWeatherChannel
BTC/USD: Russia to Regulate Crypto, Dispelling Fears of Ban. It seems a bit unethical that BTC is falling during the Russia-Ukraine war. Cryptocurrencies history says it might be supported during crises like USD because there is a similar movement we found before like USD. But this time, the BTC isn't getting benefits like USD. But very soon, we may see a big buy as Russia to Regulate Crypto, Dispelling Fears of Ban. The government's plan to license exchanges and tax large transactions has the central bank's support, which previously wanted to outlaw mining and trading. As SWIFT bans many Russian banks, there is a chance that Russia may rush to cryptocurrency, especially to the crypto king BTC and Chinese SIIPS. Mexico already accepts BTC as payment, and El Salvador makes BTC their national currency. Many countries may jump to BTC to avoid economic sanctions seeing Russia. Technically $37000/34000 is a support zone. So, I am expecting a pullback from the strong and trendline support zone. $45500/45800 has created a strong resistance zone. Several times BTC was unable to break above the strong resistance zone. So, if BTC pulls back from the support zone, our first target should not be above the $45800 price zone. We may see a long-term bullish trend only after breaking above the strong resistance level of the $45800/46000 price zone.
Long
by Gold_Trading_Expert
5
Bitcoin - what is its cost production value, really?!I want to touch on the topic of bitcoin's cost production value. This is a rather important matter as it gives a better understanding of its price's cost bottom. Many miners talk about 15-20 thousand USD as its cost production value. They are right! When it comes to individual mining, then this is most likely to be the case. However, based on the above evaluation, many home miners and investors believe that the price of bitcoin cannot go any lower. This is not the case! The break-even point depends primarily on 2 factors: the efficiency of the equipment and the price of electricity or hosting. Globally, individual mining does not in any way affect the price action or its cost bottom. Why is that? This is because there is an industrial scale of mining by companies such as: Poolin & Bitmain from China, Crypto Scientific from US or BitBaza, BitRiver, CryptoUniverse from Russia, etc. where infrastructure investments range from 10 to 150 million USD. Bitcoin's cost for the mining giants is around 3,000-5,000 USD for the following reasons: 1. Equipment purchases are made in bulk directly from the manufacturers. Some companies, for example, like Bitmain produce their own ASICs. 2. The average efficiency of the equipment is around 40-45 J/TH. More advanced mining farms have even better equipment working at 60 J/TH. 3. Currently electricity's price for industrial use in the US is about 6-7 cents per kWh. Poolin,  for example, offered 4 cents on its electricity contract in Texas. The price for electricity in Kazakstan and Russia's Irkutsk is around 2 cents - the two locations where some Chinese miners have been moving over the last six months. There are also examples of mining farms that are directly connected to power plants like Greenidge Generation. Such companies generally work without intermediaries. Therefore, bitcoin's cost bottom price is not 15,000 USD at all, but is around  3,000-5,000 USD. Can the price go below the cost production price? Undoubtedly! Gold, oil and bonds - all of them had negative yields more than once over the past 60 years. A striking example is 20 April 2020, when the price of WTI crude oil fell below zero to -37 USD. Therefore, bitcoin's short-term drop to 1,500 USD is feasible and may well materialize. Keep in mind that price action is fundamentally dependent on macroeconomic factors and the expectations of large speculators. Media feeds are always made for the crowd! As the saying goes, what every taxi driver knows - is no longer the news.
INDEX:BTCUSD
by WallStreetFox
3
Bitcoin - to be or not to be?The last 2 weeks of flat had both bulls and bears sliced and diced. MM having a blast while deposits get liquidated. Where is the market heading to? The price did make its new ATM yesterday. MM got their SLs from shortists. This may seem like a continuation of a bullish trend no doubt. However, the price is at the top of an ascending wedge on 1D. RSI resistance line has not been broken yet. RVI is still below 50. Vertical volumes are still declining. The bullish trend may well continue, but it's best to wait for confirmation from the indicators. I have tried to get some constructive arguments from chats and articles on why the price is expected to go up and reach 100,000 USD other than on the fool's theory where the price goes up until the last fool buys. Some prefer to call it a parabolic price increase. However, nobody seems to offer any logical explanation. I'll make an attempt on their behalf. 1. Bitcoin is a hard asset, the price will go up and reach one million eventually. 2. Tether volume has increased, therefore, bitcoin cap is well justified. 3. Bond price is rising, yields are falling, cash is moved from bonds into bitcoin. 4. Bitcoin is a commodity, a digital gold, gold price is expected to rise. I can make a constructive argument. 1. While bitcoin may well reach the moon, it may crash a few times on its way. Regardless of being a hard asset, it is still a highly risky asset due to its volatility when it comes to futures. It can crash at any time up to 80-100%. US Binance 1 minute crash on 21 October 2021 is a perfect example.   2. Tether Ltd has not been audited still. Tether's assets that support USDT, do not exist, at least partially. In May 2021, Tether published a report showing that only 2.9% of Tether was backed by cash, with over 65% backed by commercial paper. New volume that has been put into  circulation in October has been spent already. I am not going to go into the details of the law suits that claim almost 1.4 trillion USD in fraud damages as well as a relationship with the exchange Bitfinex, which turned to Tether for financial help after the exchange was robbed of 850 million USD in 2018. The bottom line is that Tether is just an ordinary money laundering scam, which is already on the verge of a bubble. 3. FEB is decreasing asset purchasing by 15% at least on monthly basis, which will slow down inflation rate. Lower inflation will decrease Long hedging contract volumes and hence, reduce bitcoin price. At the end of a day, bitcoin is used as a hedging instrument from negative bond yields, which are now at their rock bottom. 4. Although botcoin is a commodity, it has a greater correlation of around 73% with SP500 on 1-10D in 2021. Therefore, it is not clear why would bitcoin should rise if equity market falls. Also, check out gold chart on 1M. There is an obvious divergence on MACD and RVI from around June 2011. What's the plan if you are trading futures? 1. To minimise risk, it would be smart to go Short around the navy blue resistance line from 73500 USD to 77500 USD depending on where the price hits it. The second entry point for Short order where you may double your lot can be at the crossing of a dotted black line. Make sure you also have your Long orders at 52500 and 47500 USD. These entry points do not suggest a trend reversal at this time, but merely a profit making opportunity from short/medium term impulse reversal. 2. If you already have an open postion and your nerves are catching up with you, consider hedging, make a lock, and wait for the price to hit either resistance or support level. Then either close the lock or continue with a lock and enter the market with a double lot in relation to the original size position to either break even or take profit. Remember that bitcoin had no correction still and that it can happen at any time. MM will need that liquidity shortly.
by WallStreetFox
4
3 White Soldiers Marching to their GravesHello All, Bitcoin is seeing some very bearish signs on the weekly chart. We had just seen 3 white soldiers pattern end with an ATH blow off top and grave stone doji. Historically this has marked the end of a run up. Will it be the same this time? In my opinion, I believe so. We are seeing a lot of bearish divergence on MACD/RSI. As well as bearish price action from 30k to 67k. Yes, we made an ATH but is this run sustainable for longer term growth? I believe not. If 53k does not hold, our macro trend is at risk. As always, be patient, use risk management, and good luck trading.
Short
by RomanXIV
3
Bitcoin is confirming the next Bear MarketHello Everyone, Quick post for today. After a 20x gain over an entire year, I believe Bitcoin is confirming the next bear market cycle. Here are the technicals: 1. Rejection of the Hull Moving Average: The hull moving average has been a consistent determination in whether we remain in cycle or not. In both previous cycles, we see Bitcoin lose the hull moving average then on an attempt to regain, it rejects or fails and price continues downward. 2. Death cross: After rejecting the hull moving average, there is a death cross of the 20WMA and the 50WMA. This immediately happens after rejection and is another confirmation of a bear market. 3. Dead Cat bounce: There were 2 distinct dead cat bounces right after the fall from each cycle ATH. This is noticeable with the bearish price action: low volume higher price 4. Negative RSI: RSI seems to be going down as bitcoin continued to make highs. This is a bearish indication 5. Weakening MACD: MACD is weakening as bitcoin has another attempt at the 65k all time high. Although some of you may be discouraged, angry, or depressed the bear market is the best place to DCA and restock swing trade buys. My guess is the bottom is consistent with the 200WMA as it has been the bottom of each of the other two bear cycles. My plan moving forward is to DCA between the 100 and 200 WMA as well as look for swing trade plays during the bear market. As always, be patient, use risk management, and good luck trading!
BITSTAMP:BTCUSDShort
by RomanXIV
17
A perfect explanation for BitcoinHello Everyone, Bitcoin has seen pain these last few weeks. There are traders that think bitcoin is still in a bull market and traders that have turned to the bear side. Here are my thoughts with analysis: Bitcoin has done a perfect wyckoff distribution that resulted in a massive head and shoulders pattern forming then being confirmed. Hence why price dropped 50% rather quickly. Bitcoin seems to be in a state of "limbo" trading between $30,000 and $40,000 for the past few weeks. What does this mean? In my opinion, I believe it is setting up for the next leg down. This price action looks perfect for consolidation for another move down. It makes sense as bitcoin just saw a head and shoulders on the daily confirmed with very bearish price action. Here's the question everyone is asking: is Bitcoin in a bear market? The answer: Yes. Technically Bitcoin is in a bear market as it is below major bullish indicators such as the Daily 200 Moving average, the 21 Exponential Moving average on the Weekly, below the transition point on daily MACD, etc. I personally believe a lot of traders are in denial and that bitcoin did see a parabolic advance over the last year. I couldn't tell you how long this bear market will last but I imagine a few months to allow things to cool down and get people out of all of these shit coins. Here is my technical analysis: 1. Close rejection of the 200 MA Daily with rejection of previous support. - There is a giant descending triangle that bitcoin broke down from. It rejected previous support. 2. Price Action is bearish on the way down and on the way up for retesting major support. - Fakeout city. 3. Clear Wyckoff distribution on the Daily/Weekly timeframes. - This indicates the market is looking for downside sell off. 4. MACD is heavily bearish with waning buying momentum. - This indicates the market is not yet ready to turn back into major buying. 5. RSI bounced perfectly off diagonal resistance. - I am expecting another move down in the next 1-3 days. 6. The "Breakout" of the symmetrical triangle looks fake. Volume is not validating and it was immediately rejected by previous major support levels. In my opinion, either short or DCA. Buy a small amount each week or each dip and accumulate on the way down. I do not think $64,000 is the max price for bitcoin. I have no idea where the bottom is except a guess around $17,500. DCAing is the perfect way to protect your investment and achieving gains. It has been the #1 trading strategy all throughout bitcoin's lifetime. Hopefully this helps some of you understand this market and protect your investments. As always, be patient, use risk management, and good luck trading!
BITSTAMP:BTCUSDShort
by RomanXIV
4
Potential Bullish set up for Bitcoin!Hello Everyone, With all of the dumpage that happened, I have been searching for a potential bullish set up. It is looking like there is an inverted head and shoulders forming on the 1 - 6 hour chart. This pattern generally plays out and is very bullish. It also indicates a reversal. Here are the technicals: 1. Inverted Head and shoulders forming on the 1 hour chart within a symmetrical triangle. 2. MACD is weakening to provide a small "dump" to form the left shoulder of the IHS. 3. Daily rejected 200 MA. I believe this indicates another small "dump" which will form the right shoulder. 4. This pattern and drop look very similar to the dump in March of 2020. An IHS formed which set us off from $5,000 to $10,000. 5. Daily timeframe MACD is showing weakening selling momentum. This indicates that selling is coming to an end and buying can start commencing. 6. 1 Hour RSI is indicating a "small dump" by being very overbought in the short term. I hope this helps some of you make potential buys, especially if you have been waiting for "signals". As always, use risk management, be patient, and good luck trading!
COINBASE:BTCUSDLong
by RomanXIV
Is a large drop possible for Bitcoin? Hello Everyone, As alt coins are exploding, Bitcoin is starting to look not so great. There is a head and shoulders pattern forming on the daily chart which indicates a trend reversal in the short to mid term if confirmed. The neckline is around $52,500 and breaking it would confirm this pattern which would then lead to a movement to the downside. There are several factors giving validation to this pattern. Here are the technicals: 1. There is a Head and Shoulders forming on the Daily Chart with a neckline of $52,500 area. Breaking this would indicate a short to mid term trend reversal most likely the low 40k to high 30k area or to my "Buy Zone". 2. MACD showed weak buying momentum and is now showing waning buying momentum. A bearish cross is possible. There is also bearish divergence as price was making higher highs and MACD tops were showing lower highs. MACD also failed to stay above the intersection point between buying and selling momentum. This indicates weak buying and further validates the right shoulder of the Head and Shoulders pattern. 3. RSI is showing bearish divergence as RSI is making lower highs as price is making higher highs. This indicates market exhaustion or in need of a cool off period. 4. Price Action: Price action is showing us a few things. Since the drop in late February, as price was moving up, volume was very stagnant and showing weakness or going down. This is bearish price action. This indicates market exhaustion or weakening of uptrend. 5. Dead cat bounce to retest $60,000 which gives more validation to the right shoulder of the Head and Shoulders pattern. Notice the largest pool of volume in these last 1.5 weeks came from a movement towards the downside. With all of this said, Bitcoin still needs to break the $52,500 level to confirm the Head and Shoulders pattern. Bitcoin could easily bounce off $53,000 and continue upwards but the indications above are saying this is unlikely. I have thought bitcoin is overdue for a cool down period and a pullback to the low 40k to high 30k area would still keep Bitcoin very bullish. It has yet to test a 20 or 50 weekly moving average and it did so several times in 2017. I hope this helps some of you manage your risk or helps your decision making in your next trade. As always, manage your risk, be patient, and good luck trading!
BITSTAMP:BTCUSDShort
by RomanXIV
8
Did you buy the dip? Hello Everyone, Did you buy the dip? I hope so. I've been calling for the $45,000 area for about a month now and I was within $2,000. I definitely took advantage of this drop. So some people are still bearish since we are technically still in a downtrend. Let me go over why I am bullish and a few things Bitcoin needs to happen to increase in price: 1. Price action is bullish. We can see as we were dropping in price, the volume spikes got lower each time. 2. Bitcoin is technically in a downtrend. Breaking these trendlines would put us in a new trend, most likely bullish. 3. MACD on the daily is seeing waning selling momentum. This to me says the sell off is getting close to over and buying momentum can resume which is bullish. 4. Daily RSI is heavily bullish with a lower low in RSI and a higher low in price. 5. The monthly and weekly charts had time to cool off. The market cannot go up in a straight line. Sell offs are needed to allow the market to continue higher. 6. Small "dips" in price have been bought up quickly between $50,000 and $54,000. This to me is bullish because anyone who failed to buy the dip is now buying based on the above confirmations. 7. Alt coins look extremely bullish, especially Ethereum. - self explanatory. I hope you took advantage of buying this opportunity. This could set up the run to $100,000. The first step is breaking the upper line of the current downtrend. As always, be patient, use risk management, and good luck trading!
BITSTAMP:BTCUSDLong
by RomanXIV
9
Bitcoin. Lots of bullish confirmation on the 4 hour.Hello Everyone, Quick post today. So as some of you know I have been saying that the long term charts for bitcoin have been looking weak and we may see a correction soon. Well here's another perspective. Our 4 hour timeframe is looking fairly strong. With that said, there was a huge valuation for the Coinbase IPO and various alt coins are ramping up in price. The theory is, during alt season (when alts pump as bitcoin consolidates) people will take their profits from alts and put them back into bitcoin and bitcoin will explode upwards. 1. 4 hour is showing a confirmed double bottom. This is a bullish pattern. 2. There is waning selling momentum on MACD. 3. The Day timeframe MACD is still gaining buying momentum and has not shown weakness. 4. Good consolidation and a retest which may point towards accumulation around our "heart line" - (dotted yellow line). 5. 4 hour volume is going up as price is going up. This is bullish price action. Overall, I have a short term target for $67,000 but if bitcoin really rips upward, I'm looking to take profit in the $75,000 - $80,000 range. Maybe even higher. But keep in mind that our weekly and monthly still look the way they do. They are currently still showing bearish price action but this could change if short term charts remain bullish. You may want to factor that in to your buys. I hope this analysis helps some of you, if you are not in, now would be a great time to enter as there is confirmation of a double bottom but remember this is directed towards a more short term trade. As always, be patient, manage your risk, and good luck trading!
COINBASE:BTCUSDLong
by RomanXIV