Bitcoin Fail to Break 40K Please Notice the Fake breakout , this move made to fool traders to open short and then squeeze them out the market , i expect the price will keep rise up , Cheers
Bitcoinpriceprediction
BTC When will the Bitcoin selloff end??I've previously mentioned in a BTC (Bitcoin) trading idea that the ETF approval would be a 'buy the rumor, sell the news' event:
Now, we observe a continuation pattern with bearish divergences on the RSI.
A bearish divergence is a term used in technical analysis to describe a situation where the price of an asset is moving in the opposite direction of a technical indicator. In particular, it occurs when the price of the asset is making higher highs, but a related indicator, such as the Relative Strength Index (RSI), is making lower highs.
My current price target is FWB:39K , representing the next regional support.
My expectation for Bitcoin for next 2 years Without any additive descriptions, I think target of this cycle will be around 190K, and we will reach this target around April 2025. That's all
BITCOIN BEAR to test $30,000. Prepare your ...ahem....self.Bitcoin has been in a sloppy rising channel for over a year.
It tried 4 times to break out of the channel recently and is now back testing the bottom of the channel.
If it closes below the channel on the daily, look for Bitcoin to fall to the support zone which is around $30,000. It's also the midline of a long term VWAP.
Selling volume is much stronger than buyers and MACD is taking a dive.
COINBASE:BTCUSD BINANCE:BTCUSDT
BTCUSD Bitcoin - Jan to Jan , what's next?! 22.1.24The common assumption is that Bitcoin is crazy and unpredictable.
But if we look at the big picture - A technically perfect picture appears, predictable looking at roughly a year and a half of trading.
Connecting the lowest and highest points creates an ascending (rising) tunnel with parallel lows and highs.
The current floor of the long-term trend is around 32,000 per coin.
The current roof of the long-term trend is around 50,000 per coin.
A daily weekly candle close below 40,000 could mean 38,000 to 32,000 would be the next targets to come.
A daily weekly candle close above 40,800 could mean immediate target would be back to
42,000 following with 44,000 and 48,000.
ETF news provide turbulent movements which provide attractive entry points in the bigger picture view of up-trend since beginning of 2023.
A weekly close below 32,000 would be the sign of the picture shifting, but until that happens bitcoin is overall expected to have a very bullish year.
Bitcoin Next Move ?Pair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from the Upper Trend Line. It has completed " 12345 " Impulsive Waves and making its Correction. We have Strong Divergence we can Look for Short If it Breaks Lower Trend Line Otherwise Trend is your Friend
Will it hold?Bitcoin is retesting (again) my trendline. I see everyone calling for new highs, and last time that everyone was greedy... You know what happend. Now you are all greedy again, what could happen? I personally sold half of all my spot bags, and added more to the BTC shorts. I am short on BTC only. Of course my trendline can't hold forever, but i think we are closer to the drop. Big funds want to buy bitcoin, do you think they will buy it at this price when they can buy lower dropping it? Are you serious?
BITCOIN DUMP INCOMING btc will dump soon from . monthly resistance and weekly supply level . be carfeull
Bitcoin Bitcoin is currently forming a FLAG & POLE pattern.
Wait till it breaks the descending trendline and retest plus bounce from it.
Max target would be 50000.
Be careful of liquidation candle
SEC's Jan 10th BTC ETF deadline ("buy the rumor, sell the news")The adage "buy the rumor and sell the news" might apply to Bitcoin with BlackRock and Fidelity’s potential Bitcoin ETF approval on the horizon.
In the event that the SEC denies the ETFs, market participants might eye downside targets below $41,500 and $41,250 if we get a wild swing to the downside.
Conversely, approval from the SEC may pave the way for an immediate targets of $48,250 and $48,700, with a sustained bullish sentiment propelling trading into the 50-55K zone. However, lingering questions persist about the market's reaction, raising the possibility of countering recent optimism and lending credence to the "sell the news" adage.
Bloomberg reports suggest that approval for Bitcoin Spot ETFs could materialize as early as this week, with the SEC's decision deadline set for January 10. Insiders speculate that the regulator might leverage this deadline to announce decisions on nearly a dozen Spot Bitcoin ETF applications simultaneously, including those by BlackRock and Fidelity.
[BTC/USDT] Potential accumulationsince Dec 5th 2023 bitcoin has been in a trading range sometimes even creating new higher highs (45879 high) but no follow through until Jan 3rd market did the strongest down move with the biggest volume signature but the result of it was not that bearish since it closed near it's high that, that move made me think that the market is still supported by buyers and therefore a potential accumulation
BTC Bitcoin ETF "buy the rumor, sell the news"BTC Bitcoin Price fell today amid speculation of ETF rejection.
Employing the strategy of "buy the rumor, sell the news," traders strategically capitalize on market movements by entering positions based on speculative information. This approach involves opening positions on rumors and closing them when the anticipated news is officially announced, typically resulting in a profit.
However, it's crucial to note that this strategy is often driven by the fear of missing out (FOMO). The surge in buying activity prior to the news can lead to heightened selling pressure from market participants once the news is confirmed. Consequently, the price of the asset is susceptible to a decline as traders liquidate their positions, emphasizing the speculative nature of such market dynamics.
My price target for BTC is about FWB:36K in this situation.
Will Bitcoin see 65K$Now Bitcoin is near $47K. $47K is the next resistance level for Bitcoin. If it passes this level, I predict that it can arrive at $60K and then FWB:65K in the near future. However, if it shows a reaction to $47K, I predict a correction till $37K. The correction can continue till $32K too in a pessimistic mood.
Anyway, I'm optimistic about Bitcoin's price in the near future because of some news about its ETF. In 2024, I hope it will see high prices.
#Bitcoin - thoughts out loud #12Good evening from Ukraine!
Dear colleagues, I am glad to welcome you!
Work plan.
Because it is necessary.
There may be a slight deviation.
Thank you all for your attention, I wish you success.
Sometimes you win/sometimes you learn.
- thoughts out loud
- thoughts out loud
- thoughts out loud
P.S.
...Think positive)
BTC Macro Cup & Handle Forming w/Golden Pocket Breakout?Bitcoin rejected at the $45.5k level as we forecast in prior weeks live classes and we can see the sell order block at this level as well.
Right now it looks like BTC is forming a macro cup & handle pattern, which would be a good thing here -- for Bitcoin to retest recent support (the handle) and then bounce off of this.
I'm targeting the FWB:48K - $50k level as the next resistance level before heading higher (which is the macro Fib Golden Pocket retracement zone).
The next buy order blocks are around $38k but the likely support levels are the 21 and 50 week EMA's around $30k and $35k respectively.
Hard to say what happens next, with all eyes on the BlackRock and other ETF expected approvals.
If for any reason ETF's are NOT approved 1st week of January, we could see a 50% drop and the Bitcoin CME gap potentially filled around $20k and as a final shakeout of retail investors.
BTC bitcoin outlook 25-31i will be looking for longs to continue the bullish trend on the higher timeframe if we get confirmation of it at the highlighted SnD.
as always, follow your trading rules and position yourself wisely
#BTC/USDT Update, Be patient!!While Bitcoin seems to be moving sideways, Altcoins are showing some promising momentum.
I am spot-long on both Altcoins and BTC.
However, I'm playing it safe and waiting for confirmation on the Weekly chart before making any major moves.
BTC needs to break that $44k resistance to hit FWB:48K which is my final target in the short term.
The current weekly candle is very important so be patient and stay cautious.
#Bitcoin - thoughts out loud #11Good evening from Ukraine!
Dear colleagues, I am glad to welcome you!
Work plan.
Because it is necessary.
There may be a slight deviation.
Thank you all for your attention, I wish you success.
Sometimes you win/sometimes you learn.
- thoughts out loud
- thoughts out loud
- thoughts out loud
P.S.
...Think positive)
Bitcoin's path to a new all-time-high of 138k USDThis is my forecast of the path that BTC will take to reach its new all time high of 138k USD on 18 May 2025!
Weekly DXY Breaking Down Below 103 = Bitcoin and Crypto RallyThis is a great looking chart of the DXY on a weekly time frame.
We have a huge Bearish engulfing candle forming on the DXY and breaking down below the 103 support level.
This is looking very Bullish for Bitcion and the Total Crypto Market Cap.
Also notice what happened after the last Bearish engulfing candles in October and November.
This is great to see, after 11 straight weeks of Bullish Green weekly DXY candles prior to that.
This is starting to look very interesting, and as we know as the DXY falls, Bitcion goes up.
Also see my recent analysis on how we could see new highs by January, and $100k BTC by or before the Halving.
Let me know what you think!
BITCOIN YEARLY GRAPHBitcoin Yearly Graph:
Bitcoin exhibits a distinctive yearly pattern, characterized by three years of a bullish cycle followed by one year of a bearish cycle. The ongoing year has followed this trend, indicating a bullish phase. If historical patterns persist, the next two years could potentially be bullish for Bitcoin.
2012- Bullish (330%)
2013- Bullish (8900%)
2014- Bearish (-70%)
2015- Bullish (220%)
2016- Bullish (170%)
2017- Bullish (2500%)
2018- Bearish (-82%)
2019- Bullish (330%)
2020- Bullish (656%)
2021- Bullish (150%)
2022- Bearish (-70%)
2023- Bullish (177%)
2024- Bullish???
2025- Bullish???
Are you ready for the upcoming bull run?
