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Bitcoinpriceprediction

Bitcoin history and future1W time frame - Every vertical dotted lines stand for halving timing, we call them "a cycle" between two lines. Every cycles have similar trend, we can mark them with three colors as below. (1) White range stand for Bull high to Bear second low (2) Red range stand for Bull high to Bear low (3) Green range stand for Bear low to Next halving According to halving in 2012 and 2016, we can expect Bitcoin make a second low (below 20000) in near future, the most possible time range is from August '23 to February '24. Before the second low coming, Bitcoin will likely reach price over 33000, therefore, be careful of being fomo and get ready with patience to buy spot.
BNC:BLX
by EthanTW
#Bitcoin - thoughts out loud #12Good evening, we are from Ukraine! It is quite possible that the situation may develop in order to confuse traders, because flat movements in the market are quite a profitable business, but they have their own price that will have to be paid for their early decision. The reward will be an impulse movement after the accumulation/distribution is completed. I observe a sufficient number of locked-in traders who hope that the price will go in the direction of the desired take profit, but not everything is so simple and unambiguous. Thank you all for your attention, I wish you success. Sometimes you win /sometimes you learn . #Bitcoin
Long
by WVitalievich
Bitcoin BTC price confuses everyone, and only 1 side winsFor more than 2 weeks, MM has been skillfully moving the BTCUSDT price in the range of $30-31k and "removing" the stops of both longs and shorts below and above this range. We are betting that the exit from this trade will be upwards, at least to $32300-32500. "Accidentally" on the upside, the price of BTC can be pushed higher to the targets we wrote in this idea. Still, it seems to us that in consolidations from below are better and more confident in buying back the BTC price. And before that, the BTCUSD price falls easily because MM allows it and drives "small money" into short positions. One example is the FUD of 30.06 about the failure of the Btc Etf Blackrock, the price fell exactly where it was profitable for MM and rebounded sharply upwards). Well, we placed our bet: "Croupiers, spin the wheel" :) Have a great weekend!) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
51
#Bitcoin - thoughts out loud #11Good evening, we are from Ukraine! The current situation has several options. Market participants should expect both a long scenario and a price decline (in my opinion, this is more realistic) to test the supply with a subsequent markup of the asset. That is, the price has been in the range of 29500-31500 for 16 days, and next week will confirm whether it is accumulation or distribution. In any case, professional operators will arrange an artificial price reduction for the hike upwards (3 percentage points are marked on the chart). The instrument should show strength in price: 1)28700 - 28800. 2)26700 - 26800. 3)20700 - 20800. If there is no activity of professional operators at these prices, it is possible that the price will fall even lower. Thank you all for your attention, I wish you success. Sometimes you win /sometimes you learn . #Bitcoin
by WVitalievich
Bitcoin Mid-Week UpdateTLDR: Two Possible paths ahead for Bitcoin: Contingency 1: • Price drops below the range for a liquidity grab. In this case I will be a buyer at the 28.5K – 29K level. Contingency 2: • Price Moves above the range High. In this case I will be a seller at the 32K - 33K level. Background: • In the last week and a half Bitcoin is consolidating in a range. • The range low is 29,500 USD. The range high is at 31,500 and the mid-range is at 30,500. • Looking at the Fixed range Volume Profile shows an even tighter compression. Most of the transaction volume is clustered in the range between 30,009 – 30,824USD. The million Satoshi question every trader is asking is which way will Bitcoin go? Up or down? • The answer is I don’t know. Nobody does. So, what do we do when we don’t know what is going to happen? • We wait and prepare contingency plans. Before I begin, I will share my philosophy about the market. I view the market as a mechanism with the purpose of causing max pain to the longs and shorts. This is all we need to know to make it in this market. Our job as traders is to prepare a plan for every scenario and when the time comes, to execute the plan without fear or hesitation. Contingency A: Price moves below the range low. • IMO, this is the easiest scenario. Any move below the range low is a liquidity grab for the MM to build long positions. If Bitcoin moves below the range the most likely support is 0.382 fib retracement at 28,739$. The 0.5 fib retracement at 27,937 is not likely IMO. • If Bitcoin moves below the range low, I expect a sharp move to the range high to follow. Contingency B: Price moves above the range high. • This is the max pain scenario IMO. A move above the range high is followed by a correction back to the range low. Where did we see such a move? In March and April of this year. You know the cliché, “history rhymes…”. So, let's copy the fractal of the previous consolidation and see what we get. The perfect max pain scenario: “Let’s get everyone bullish and slam price down to shake them out”. I will divide this scenario into three phases: Phase 1: Consolidation. • Price stays within the confines of this tight range until July 7th. Non-Farm Payrolls and the Unemployment numbers will be published on July 7th, and this is when volatility will pick up. Phase 2: Markup. • On the back of bullish news such as low employment numbers, a sharp move up above the range high. Phase 3: Markdown. • The 33K is significant. If you remember this level was the first significant support at the initial phase of the bull market. The levels between 33K to 44.5K were the first redistribution phase of the bull market between January and May of 2022. You can’t flip such a significant level on the first try. These are my two primary contingency plans for the rest of the week. I hope you find it useful. NFA. What do you think? Please share in the comments. Best wishes.
Long
by NewThoughtCrypto
Bitcoin BTC price forming "Cup and handle" for continued upmove?Probably, the Cup and Handle pattern is forming on the BTCUSDT chart. This pattern is usually formed to continue a trend movement. The upside shot will depend on how low the price drops in the handle, but the levels from above are still relevant: $32650, $33600, $34550. The critical level for the pattern to be relevant is $30275. Fixing the BTC price below this level can give sellers confidence at last that they can break the stops below $29500-30000 for the 5th time. Yesterday was an Independence Day holiday in the US, so the market was sluggish. Today, the FOMC minutes are due to be published, which can revitalize, invigorate, and add volatility to the charts, so keep this in mind. Perhaps those minutes will contain a "hint" of what will happen to the Fed rate on 07/26/23. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
40