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Bitcoinpriceprediction

Btc Update in My Opinion Btc going fall down in coming days. But Even if there is a bitcoin pump, it will go to a maximum of 35k to 42k. After that he has to fall down very badly 18k. If Bitcoin seems to be pumping, you guys don't think the bullrun has started. Because if we analyze the chart from the previous halving, Bitcoin looks like a dump. This is a swing trade, it may take time to hit the targets, so it is recommended only for those members who have patience according to their financial condition. Only those who can wait should take this trade according to their financial condition.
INDEX:BTCUSDShort
by Houseofcryptokings
Bitcoin BTC and the US Debt Ceiling Negotiators from Democratic and Republican parties finalized an agreement on Sunday night. Instead of raising the limit to a specific level, they have opted to suspend it entirely until 2025. This strategic move ensures that their bills can be paid until that date, while also guaranteeing that the next battle to raise the ceiling will not coincide with the upcoming presidential election. The resolution of the debt ceiling issue brings optimism and stability to the financial landscape, which has a positive ripple effect on the cryptocurrency market. Bitcoin and the broader crypto market stand to benefit from increased investor confidence, reinforced safe-haven status, enhanced institutional adoption, regulatory clarity, and the overall positive impact on global markets. BTC /USDT Entry Range: $26900 - $27100 Price Target 1: $27700 Price Target 2: $28500 Price Target 3: $29400 Stop Loss: $25000
Long
by BuySellMarketMaker
3
Bitcoin Boom-Bust Cycle PatternsFrom a technical point of view, it is seen that Bitcoin making its 4th boom-bust cycle move. The black line I drew on the logarithmic chart has been acting as support and resistance regularly since 2012. The past 3 boom-bust cycle patterns have been applied to the cycle that we’re in right now. The Yellow line is between 2012-2014; The blue line is between 2018-2021; The green line represents the boom-bust cycle from 2014-2021. In my personal opinion and when I look at the support that Bitcoin found at the $16500 level, I think the scenario will be like the Blue line.
INDEX:BTCUSDLong
by YavuzAkbay
BTC Bitcoin Price PredictionThe political context is favorable for a small bull run to $30K for BTC Bitcoin. After several weeks of tense negotiations, President Joe Biden and House Republicans have reached an agreement in principle to address the debt limit and cap spending. To avoid contentious debates until after the next presidential election, the agreement suspends the debt limit until January 2025. This decision provides a temporary relief from potential conflicts surrounding the debt limit. After a small rally, i believe BTC will retrace to $23000 to complete the Head and Shoulders Bearish Chart pattern. Looking forward to read your opinion about it.
Long
by TopgOptions
#Bitcoin - thoughts out loud #08Good evening, we are from Ukraine! I expect further depreciation of the cryptocurrency market. In this phase of the market, we are interested in a supply test in the range of 30,000-31,000, after which the further development of the situation will be clear. There is weakness on the older time frames, but there are variable factors in the market and it is too early to give an accurate assessment. The end of the trading situation opens up 2 scenarios: 1) Asset depreciation to 17500. 2) The asset's price increase to 3500. Thank you all for your attention, I wish you success. Sometimes you win/sometimes you learn. #Bitcoin BINANCE:BTCUSDT
by WVitalievich
Bitcoin Trading Overview Hello! Today I would like to share my observations regarding the current situation with Bitcoin. Currently, Bitcoin is trading within an ascending channel, which is a positive signal. Its current position in the middle of the channel may indicate that we can expect price fluctuations in the near future. However, it is important to note that we need to closely monitor the further price movement in order to determine the direction. On the chart, I have marked several zones that may be significant. First and foremost, I anticipate that we may move towards the upper boundary of the ascending channel. If such a movement occurs, it could serve as a good signal to open positions in the direction of growth. However, we should not rule out the possibility of the price dropping to the level of $23,000. If this happens, it could create an excellent opportunity to enter the market at a favorable price. It is important to know your risks and always have a capital management strategy. Please note that these are just my thoughts and should not be considered as financial advice.
by CHOWTRADE
1
Everyone sees the BTC price must fall, but will it be allowed ?)Yesterday was a rather interesting trading day for BTCUSDT and the crypto market in general. First, a "fresh" US inflation rate of 4.9% was announced, which turned out to be lower than expected. The price of BTCUSDT reacted to this news by rising +2% from $27700 to $28300. And then, a few hours later, as if on the news that the US government had sold almost 10 thousand BTC that had been confiscated earlier, the price of BTCUSDT fell -6% from $28300 to $26700 But in reality, if you look at the 12-hour candlestick, you'll see a so-called "helicopter": first, some of the shorts' stop orders were taken out, and then the same trick was repeated with the longs. While the consolidation of $27-31k continues almost for 2 months, "the helicopter" was organized three times and after that begins growing. Now, looking at the BTCUSD chart, almost everyone can see the "Head and Shoulders" pattern. Accordingly, most are waiting for the price to fix below $26600 and then fall to $25-24-23 and below. And then a thought came to mind: "But this has already happened" and we copied the fractal from May-August 2020 and applied it to the current trading situation. In our opinion, the similarity is quite large, and then everyone was also expecting a correction, but as you can see, the price went up according to the fractal. Share your thoughts and charts in the comments below the idea. Also, on June 13, new US CPI data will be announced (and given the calculation formula, the next US CPI with a probability of 99% will be lower than the current one), which will lead to market growth. And on June 14, a new FED rate will be announced, which probably won't be raised again, which is a signal of "economic recovery" and a signal for the growth of financial markets. "Buy the rumors, sell the facts" _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
84
Bitcoin Price Analysis: Potential Volatility SpikeHello dear TradingView community, it's Vestinda back again with an insightful analysis of Bitcoin's price movement. Today, we will delve into the current market conditions and identify key signals that may lead to an upcoming volatility spike. As always, our analysis aims to provide you with a positive and professional perspective on Bitcoin's price action. Price Structure and Triangle Pattern: On the daily timeframe , we can observe a fascinating price structure taking the form of a triangle. This pattern has been gradually forming, with the price converging towards the apex. Triangles are widely regarded as neutral price patterns, indicating that a breakout can occur in either direction. As traders, we must acknowledge the balanced nature of this pattern, assigning an equal probability of around 50% for both upward and downward breakouts. MACD Indicator: To gain further insights, let's turn our attention to the monthly timeframe and examine the Moving Average Convergence Divergence ( MACD ) indicator. Remarkably, this indicator is on the verge of a bullish crossover this month. The imminent bullish signal boosts the likelihood of an upward breakout from the triangle pattern. Considering this development, we can assign a conservative estimate of a 20% chance for an upward breakout, emphasizing the potential for positive price movement. RSI Indicator: Additionally, we have analyzed the 8-hour timeframe and closely observed the Relative Strength Index ( RSI ) indicator. It is noteworthy that the RSI perfectly mirrors the triangular shape of the price pattern. Such synchronization between price action and the RSI strongly suggests an increased probability of a volatility spike in the near future. This alignment provides further evidence to support the notion of an imminent breakout. Risk Management: While the prospects of Bitcoin's price movement appear promising, it is crucial to approach trading with a cautious mindset and implement effective risk management strategies. By setting appropriate stop-loss protections and managing risk, you can safeguard your capital and navigate the market confidently. Target Zones: Identifying potential target zones is essential for devising effective trading strategies. Currently, the significant support and resistance zones are situated between $22,000 — $ 24,000, and $ 32,000 — $ 34,000, respectively. These zones have historically displayed notable price reactions, making them crucial areas to monitor closely. Bitcoin's price analysis reveals a compelling narrative of an impending volatility spike. The triangle pattern, coupled with the MACD indicator's potential bullish crossover on the monthly timeframe, provides a positive outlook for Bitcoin's price. Additionally, the RSI indicator's correlation with the triangular shape further strengthens the case for increased volatility. However, it is imperative to exercise caution, employ risk management measures, and monitor critical support and resistance zones. By combining a positive mindset, professional analysis, and prudent trading practices, we can get impressive results! Stay tuned for further updates, and happy trading!
INDEX:BTCUSD
by Vestinda
Bitcoin price in consolidation: who stronger buyers or sellers?Yesterday, at the FOMC meeting, a new Fed Funds rate was announced, a projected rise of +0.25% to 5.25%. As the expected changes took place, the information about which the market had "digested" earlier, the price of BTC and some altcoins rose. After the rate announcement, Mr. Powell answered questions and there are his main points: The US banking system is sound and resilient. The banking sector has generally improved, and many banks are now focusing on liquidity. We are committed to bringing inflation down to 2%, but there is a long way to go as inflationary pressures remain high It is very important to raise the US debt ceiling. It will take time for the full effect of monetary restrictions to be realized. The Fed members' forecast is for a moderate recession. My forecast is for moderate growth in the US economy. There is no clear understanding of how much the banking crisis has affected the degree of tightening of financial conditions. In principle, we will not have to raise rates that much. Also, there is a good chance that the US inflation rate will fall sharply in June 2023, as the annualized figure will be recalculated. Such an event could well stimulate financial markets to grow. Now let's move on to the BTCUSDT chart. Bitcoin's price continues to be in consolidation. In March of this year, after the Fed's rate announcement, the consolidation lasted for another 19 days before continuing to move up. The critical level from above remains unchanged at $ 31,000. If the BTCUSD price consolidates above this level, it may continue to rise to $ 40,000-41,000. The critical level at the bottom has risen from $27000 to $28050. A price fix below this level could trigger a sharp drop in the price of BTCUSDT due to the triggering of stop orders on long positions and the lack of liquidity to curb the decline. As long as the consolidation continues, the market is uncertain who are stronger: buyers or sellers. To find out who is stronger, we set critical levels for confirmation of the strength of one of the parties in order to move to their side. In the meantime, while consolidation continues, it is advisable to reduce trading to a minimum in order not to rely on "your fortune" and save your trading deposit for better and more clear times. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
59
IMPORTANT! Bitcoin Long-term Price Projection Update!I have officially decided to update our long-term price projection for Bitcoin. A major key change is the elimination of the mini-bull market. Instead we are expecting the current bull market to develop into a major bull market. There is also a very high likelihood that this will be the only bull market for the 4th cycle. In this video we partially stepped outside of The Crypto Weather Channel world to explain our reasoning behind these changes. Thanks for watching!
INDEX:BTCUSDLong
by TheCryptoWeatherChannel
btc near major resistance zoonHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below. Now major supports are: A. 26000$ daily support B. 23500$ major Fibonacci support levels major Resistances are: A. 30000$ Channel retest of breakout B. 32000$ major Daily resistance
by bullstraders7