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Bitcoinpriceprediction

BTC Head and Shoulders Break Target HitWith today's price action Bitcoin has come down to test the 25,300 level. This has been a very important resistance level in the past that once it broke above this level, it needed to come back and retest as support. As we can see, there's also an upward trending trading range / trend channel (In Blue) that has held well twice before. Hopefully BTC bounces here and continues higher, ideally getting through the $32 K level. Past $32k to the upside, gives a clear path to FWB:48K to $50K, the Golden Pocket retrace of the market cycle high to low. But there are a sizable order blocks above between FWB:29K and FWB:31K that will act as a formidable resistance area (not shown). So this is going to be interesting battle. We still have an unfilled CME gap around $20k also. And there's a larger Head and Shoulders forming on the weekly chart, that if we lose the neckline support points to a re-test of the recent market cycle lows down to $16k. Our indicators show that the bottom is in, but could still be re-tested. But my bias for now is towards the upside. What do you think?
by BrettFogle
1
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