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Bitcoinpriceprediction

Can Bitcoin hold $57,000 price for Bullish Hopes?Bitcoin has entered a critical juncture, with its price dipping below $56,500 this week on 1st May. This decline has ignited a debate among crypto analysts, traders, and Investors: is this a temporary blip or a sign of a deepening bear market? The current drop has some crypto analysts worried about a potential freefall. They point to the proximity of the price to the $56,500 mark, which could trigger a cascade of sell-offs, pushing Bitcoin towards $42,300 - a level not seen since February. This scenario would undoubtedly usher in a bearish market, characterized by sustained price declines. However, I remain optimistic. As illustrated in above chart, If Bitcoin can maintain support around $57,600, it could signal a continuation of the bullish trend. This would pave the way for a potential surge towards the much-anticipated targets of $82,000 or even $100,000 by the end of the year. DYOR before entering the market!
FOREXCOM:BTCUSD
by Z4F4R
May Foolish BTC Focast & The Fool's Odyssey Til Sept 2024: SELL?Ah, behold, fellow seekers of truth and fortune, for on this illustrious 1st of May in the year 2024, I bring forth yet another tale of folly and insight for your discerning minds. Gather 'round, for what follows is not for the faint of heart but for those who dare to dance on the edge of reason. Let us pay homage to the noble fool who sold in April., that rare breed with minds agape and hearts unburdened by the shackles of convention. Yes, my friends, in their folly lies a wisdom beyond measure, a willingness to embrace the unknown while others cower in the shadows of doubt. And so we find ourselves in the midst of a grand spectacle, where Bitcoin reigns supreme, its price gyrations a symphony conducted by the whims of market makers. Oh, the suspense! It grips us, thrills us, and yes, at times, even sickens us, especially if our hopes are built on shifting sands. But fear not, for in this chaos lies opportunity, for those with the courage to seize it. Intuition, that silent guide, whispers truths amidst the cacophony of market noise. Yet, even the wisest among us may falter in timing, as I humbly confess. Yet, lo and behold, the winds of change blow strong, and though my predictions may have missed the mark, the tide will soon turn. For while I foresaw a descent to $40k, Bitcoin soared to heights unseen, a testament to the capricious nature of the market. So, my fellow travelers in this grand odyssey, heed my words: seize the moment, for opportunity knocks but once. Do not be swayed by the specter of fear, for it is but a trickster's guise, a ploy to shake our resolve. And as we brace for the storms ahead, let us arm ourselves with knowledge, for it is our greatest weapon. Behold, the sacred support levels, the bastions of strength in our hour of need: 1. $56,400 - $51,200 2. $49,046 - $45,905 3. $40,359 - $38,722 4. $31,892 - $25,711 Let this missive be a beacon of hope in the darkness, a roadmap for navigating the treacherous waters of the market. And to you, oh hodlers of Bitcoin, I say: stand firm, hold fast, and let not doubt cloud your vision. For with steadfast resolve and unwavering conviction, we shall weather this storm and emerge victorious on the shores of prosperity. So, my friends, I bid you farewell with these words: HODL strong, and may fortune smile upon us all! Ah, but heed my warning, dear traders, for the next three months shall test even the stoutest of hearts. The time I foretold back in April here , oh how it has come to pass! As the winds of uncertainty buffet our sails, let us not falter but stand firm in the face of adversity. Yes, my friends, the stage is set, and the actors poised for their grand performance. Do not be deceived by the allure of quick gains, for the road ahead is fraught with peril. Yet fear not, for in every challenge lies an opportunity, and it is our duty to seize it with both hands. So, to you, brave souls of the trading realm, I say: be vigilant, be steadfast, and above all, be bold. For the time to act is upon us, and those who heed the call shall reap the rewards. And to my fellow hodlers, I offer this counsel: stand resolute, for the storm shall pass, and the sun will once again shine upon our endeavors. In the meantime, let us hold fast to our convictions and weather the tempest together. For in unity lies strength, and in perseverance, victory. So let us march forward, my friends, with heads held high and hearts ablaze with the fire of determination. The journey ahead may be long and arduous, but together, we shall emerge triumphant. May fortune favor the bold, and may the winds of change carry us ever closer to our goals. Onward, then, to glory! Disclaimer: Please note that the analysis provided above is for informational purposes only and should not be construed as investment advice. Cryptocurrency markets are highly speculative and carry inherent risks. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. If you found this analysis insightful, please consider giving it a like and following for more content updates. Thank you for your support!
BINANCE:BTCUSD.PShort
by MachiavelliTrader
1
Post BTC Halving Price Prediction, DXY, $IBIT, and May ForecastAs I've been saying, we really just need a breather after the huge runup in Bitcoin and the altcoins pre-halving and with 7 consequetive up months and Green candles. So it's no surprise April is selling off, and the halving was a 'sell the news' event. It's good news, because all markets need to rest and re-gain their strength to push higher. Watch the video for details, but the TLDR is I think we'll drift sideways and even down to re-test the $60k region where we can see strong buy blocks until we get into May, and then we'll start to push higher and hopefully into bull-mania. However, IF Bitcoin can get back above $66k - $68k on a daily closing basis, effectively washing out the Red block of sellers and back above both the 21 and 50 day EMA's (Exponential Moving Averages) then I would start buying BTC.
TVC:DXY
by BrettFogle
🟠 BITCOIN MULTI TIMEFRAME: ZERO MOMENTUM IN PLAY 🟣🟣 Hey there, @TradingView fam! Ready for some fresh Bitcoin analysis? We've got a juicy update for you, covering multiple timeframes and packed with insights from key indicators. If you're diving into this post right now, show us some love with a thumbs up! And don't forget to jump into the comments section for some lively discussion. We'd love to hear your thoughts! Let's dive in! 💜 Let's kick things off with a look at the daily perspective. We've plotted the EMA 20, EMA 100, and a Triangle Pattern. Triangles are interesting because they often signal a temporary pause in the prevailing trend. This happens as buyers and sellers push against each other, causing momentum to dissipate. While triangles are fairly easy to spot, trading them can be tricky. Prices can get stuck for a while without any significant breakouts, and when a breakout finally happens, it can sometimes be a false signal, leaving traders scratching their heads. Now, let's talk about the exponential moving averages (EMAs). They're great for tracking trends because they give more weight to recent price action. Currently, the EMA 20 is above the EMA 100, indicating a clear uptrend. In this scenario, these EMAs act as dynamic support and resistance levels. The EMA 20 offers short-term support, while the EMA 100 serves as a long-term support line. Check out our tutorial on trading triangles to learn more about how to navigate these patterns: So now, let's talk about RSI - it's a pretty handy momentum indicator that's all about spotting when the market's either feeling overbought or oversold. When RSI drops below 30, we're talking oversold territory, and when it shoots past 70, we're looking at overbought conditions. Funny thing is, lots of folks get it wrong, selling when RSI's high and buying when it's low. But you know what? Sometimes the market keeps on climbing even with RSI above 70, and it can still drop lower when RSI's below 30. Now, here's a neat trick with RSI: instead of just using those standard 30 and 70 marks, we tweak it a bit. Push the upper band to 60 and lower it to 40. So, when RSI's cruising above 60, it's telling us the market's got some solid upward momentum, and when it's below 40, well, things are getting bearish momentum. Taking a peek at Bitcoin's charts, both on the daily and 4-hour timeframes, RSI seems stuck in the middle, indicating there's not much momentum swinging either way. But hey, Bitcoin can flip on a dime, right? That's why it's crucial to keep an eye on RSI, especially with the halving on the horizon. By the way, don't forget to check out our RSI tutorial! It's packed with valuable insights to help you master this powerful momentum indicator: Now, onto the SuperTrend indicator - another nifty tool for tracking trends and spotting reversals. We've fine-tuned the settings for Bitcoin, setting ATR to 5 and the multiplier to 2, based on some solid backtesting data. Looking at the daily timeframe, SuperTrend 's giving us sell signals, but hop over to the 4-hour chart, and suddenly it's flashing a buy opportunity. Thing is, though, the EMA combo still looks bullish, and RSI's not showing much oomph. So, that early SuperTrend buy signal? Might be a bit premature, you know? And here's something fascinating on the monthly timeframe: Bitcoin's showing seven straight green candles. That's unheard of! Last time we saw anything close was back in 2021, with six greens in a row during a post-halving bull market. In conclusion, April 2024 poses challenges for both buyers and sellers of Bitcoin, potentially resulting in false entries. The market likely needs to recalibrate following 7 months of growth, presenting an opportunity for early investors to capitalize on this shift. Stay informed and explore our other educational resources and posts.
KRAKEN:BTCUSD
by Vestinda
2
Bitcoin Hello Traders, Today I propose an idea on how to manage inputs on BITSTAMP:BTCUSD . A violent selling is very likely due to which you can start to accumulate between 56k and 44k. It is a really wide range however it is better to place orders lower to better manage the risk. By buying spot obviously the risk is mitigated even better because you do not incur liquidations. We find the Fibonacci retracement (0.618%) at 51350 USD and the way things are going, it is likely to be hit that level. Target 90K.
by IllyrianTrader
Bitcoin Looks for ONE MORE Possible Chance to BUY THE DIP!! Remember to Like, Comment, & Follow for more in-depth analysis! Share with your friends! The greatest compliment one can give is a referral I've seen too many doom and gloom posts for Bitcoin, and there are macro and micro bullish patterns being layered with more bullish patterns as we get closer to the Havening. Bitcoin is in a descending parallel channel, but it is not a bearish distribution. The distribution is bullish due to the top of the channel being tested already 4 different times, and the bottom side of the channel has only been tested once. The more times a support or resistance level is tested, the weaker it becomes. Bitcoin has also created a macro inverse head and shoulders pattern, and each shoulder and the head of that inverse head and shoulders pattern is its own inverse head and shoulders pattern. The most bullish bottoming pattern in trading was just created 4 times to create the bullish support in the 60k - 73K range. This range includes the bullish double top that was made in 2021, plus now, this inverse head and shoulders pattern is made up of an inverse head and shoulder pattern in each of the shoulders and the head. We are now Even though we did not break out off the inverse head and shoulders pattern, we will continue to cool off indicators with another drop down to the 65K level, or potentially the 59.7k level. The only reason that we would drop down that far again after creating the bullish pattern we just made would be the fetish Bitcoin has with needing to hit the .618 Fib retracement level. The .618 Fib retracement level sits at 59.7k. The head of the inverse head and shoulders wicks down under the .55 fib retracement but never reaches the .618 fib retracement level. Since we are in a descending parallel channel, it would allow it to hit that .618 Fib retracement level now while staying within this parallel channel. Another bullish pattern bitcoin has made, is the macro bull flag. We had a major run-up, from 38.5k, where volume increase was consistent and noticeable, and we topped out at 73.5k (about +93% upward). Just by extrapolating the percentage move and estimating where the second pole moves from the bull flag would finish. More importantly, it would be important to know where the starting point for the next runup is. It would be starting from the 59.7k (.618 fib retracement level) and then extrapolating +93% upward would put us at about $115k (which also is the 1.618 Fib Extension Level). Another pattern I see that can occur is, as I said previously, we technically have not bounced off the .618 Fib Retracement level ($59.7k), which is the bounce point Bitcoin has a fetish for to be able to start another bullish move upward. Currently, we sit in a position where we are 2 weeks away from the Bitcoin Halvening, which is the catalyst that starts the new Bitcoin Bull Market, where we make a parabolic move. There are at least 10 different bullish confluences of support within the range of $60k- FWB:73K , and the only bearish confluence is that the top side of the descending parallel channel we have has held any breakout above it from happening. The move that I am possibly watching for would be one that lands us just shy of the $100k milestone. The move would look possibly something like this, where the only way I could see this bullish confluence zone could become more BULLISH would be to make an eve & eve double bottom and create the second bottom with another inverse head and shoulders pattern. We would then break out to $73.5k peak and then around the same time as the halvening, we would look to break the peak and then use the .55 Fib Ext.Level and .5 FIb Ext Level to create a Bullish W-Breakout Pattern with making both bottoms re-test the previous peak of $73.5k. After re-testing both times, holding support above that previous peak, We would launch to the .618 Fib Ext Level, possibly re-test the top of the W breakout we just made, and then after, we would take a launch at the 1 Fib Ext. Level that sits at $93.8k. Major key points would be: -Drop to the .618 Fib Retracement level ($59.7k) -Breakout bounce up to the .5 Fib Extension ($76.1k) or the .55 Fib Extension ($77.9k) of which breaks out $73.5k peak -Minor Correction from the .55 Fib Ext and the .5 Fib Ext level down to re-test the $73.5k peak to create a Bullish W breakout pattern -Breakout to either .618 Fib Ext ($80.3k) or the 1 Fib Ext ($93.5K) Let me know what you think in the comments below! Which pattern do you see playing out? 1. Run-up to $115k 2. Run-up to $94k
CRYPTO:BTCUSDLong
by Gamblers_Paradise
Bitcoin BTC price starts a pre-halving correction?On April 1, the BTCUSDT price started with a "humorous" correction. In general, April promises to be quite interesting and provide "many answers." During the likely long-awaited correction, it will be necessary to closely monitor such indicators as BTC.D and USDT.D: - It will be possible to trace where the capital that previously entered the cryptocurrency market through the purchase of BTC by large players is flowing. - It will be possible to track which "industry's" altcoins are best held and bribed. Do you think there is something more interesting to invest in the cryptocurrency market than various memecoins?) And on April 19, 2024, the long-awaited "BTC halving" is to take place. The halving of the reward for a mined block from 6.25BTC to 3.25BTC will reduce the supply on the market in the medium and long term. If we compare the growth dynamics of the BTCUSD price in 2024, we will see that it is more similar to 2021 than to the previous years when halving took place - 2020 and 2016. What are your goals for the Bitcoin price movement in April 2024? We would like to see a correction at least to $65 thousand, or even better, a drop in the BTCUSDT price $58400-59100 But there is also the $78000 mark, which would also be good to test for strength, the only question is when) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
23
BTC IDEA BEFORE HALVING (with estimated direction)BULLISH PENNANT (Higher Time Frame) CUP AND HANDLE (Higher Time Frame) Currently we are in a consolidation period and a fake selling zone for potential short term sell. HIGHER TIME FRAMES Bottom Trend line Support @ 65360 area (Purple Line) Top Trend line Resistance @ 70430 area.(Purple Line) LOWER TIME FRAMES Support Level @ 67275 Resistance Level @ 68100 Long Term Bullish Short Term Bearish If we break out of lower frame support @ 67275 then we could go to 66000 area If we break out of lower time frame resistance @68100 then we could go to 70430 If we break out of higher time frame @70430 then we could go to new all time high To 83000 area before or by April 14th 2024 Arrows go in order and are coordinated by colour with price. Also prices are just an estimated area NOT the exact price on the dot
COINBASE:BTCUSDLong
by DVidallon
Cryptolean Bitcoin BTC UpdateDaily Chart Bitcoin price is trading in the daily range zone between $65,400-$70,838 and forming a corrective structure (most likely, a triangle), before another bullish extension. The daily candle closure and a sustained price action above $70,838 or, even better, above $71,604 will push Bitcoin price towards $77,250 and, possibly, higher to $82,890, the new ATH. However, on the way to the key resistance around $77,250, BTC will have to deal with a minor resistance at $73,761. Below $65,400, the key daily support, BTC will decline towards $62,450 support, and lower to $58,990. Support once read. Thank you!
by Trade-Lean
1
Has Bitcoin already reached its peak, or just a Shakeout?Let's address the common question here:- Has Bitcoin already reached its peak, or is there still more potential for growth? Taking a look at the chart, Bitcoin (BTC) is presently trading near the 35-day Exponential Moving Average (EMA), a level that often serves as a short-term support for price bounces. The subsequent support level could be around the .382 Fibonacci retracement level, approximately at the $60.2k mark. Interestingly, this level coincides with the 65-day EMA, suggesting a robust support zone. Therefore, it's plausible to anticipate price consolidation between these EMAs, influenced by both lower time frame (LTF) and higher time frame (HTF) support levels. Moreover, a potential catalyst for a breakout could be the upcoming halving event. Historically, Bitcoin has experienced price rallies following halving events due to decreased supply issuance. This suggests a possibility of upward momentum post-halving. However, it's important to remember that no one knows with full certainty what will happen; this is all speculation. In summary, considering these factors, two plausible short-term scenarios have been outlined in the chart which I think can play out in the next few weeks! DYOR, NFA Please hit the like button to show your support. I will keep this chart updated and will post more this week. Thank you #PEACE
Long
by Cryptorphic
2
Bitcoin Bullish Fractal Bars Pattern To $100k, $155k, and $250kHere's a slightly different chart showing how Bitcoin will likelyt proceed quickly to $100k once we break the $70K triple-top resistance, which I see happening quickly. With Fresh NASDAQ:IBIT money continuing to flow into Bitcoin and the markets, this market has plenty of rocket fuel on the sidelines to send this rocket into the stratosphere. Not only does the previous cycle fractal pattern show how Bitcoin can hit these levels this cycle, it also overlays perfect (with minor adjusting) with the Fibonacci projections that correctly forecasted the prior cycle high at the Fib 3.618 level. The 3.168 number for this cycle would be $210k but I think it's reasonable to overshoot that this time with all the money on the sidelines waiting to come in. We're already starting to see and hear rumors of Tesla buying, Qatar and potentially other sovereign wealth funds, even China. How high will Bitcoin go this cycle? Here's a good roadmap for now. But new information = new dedision. I'll keep you updated. What do you think?
Long
by BrettFogle