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
Bitcoinpriceprediction
Bitcoin - Crucial point movement ahead of halvingBitcoin 4h chart forms a usual falling wedge pattern, it's more likely to hit ATH again around 85k before it makes a new consolidation targetting 100k price
Crypto fear & greed index currently at 72, worst-case scenario is a pullback to lower prices around 55k
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
BTC-USD (BITCOIN)The btc pair creates a pennant in the 1D timeframe. If the market breaks this pattern then a big move is expected, there is also an order blocker in 1d at 52500-51000 range. If the market does not give respect to the downward order block and breaks above then the market goes above 85000.
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!
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
A BTC prediction based on previous cycles suggests a 27% correctA long-term Bitcoin prediction based on its previous cycles suggests that we will witness a 27% correction before the halving. However, between $60,000 and $53,000, it is just a shadow. Afterward, it is expected to enter a bull market phase.
BITCOIN DETAIL ANALYSIS 250K SOON THIS YEARhello 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.
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?
Cryptolean Bitcoin BTC Update Bitcoin found a support at $64,360 and is having a bullish pullback, however IMHO, it is temporary.
Below $69,654, BTC will be under bearish pressure.
A sustained price action below $69,654 will push BTC price to re-test $64,360 and, possibly, lower to the key daily support at $59,920.
Bitcoin has to move bullish and break through $73,423 for another bullish extension towards $78,223-$82,353.
Intraday Chart
Bitcoin is testing the bottom of the intraday range zone at $67,227 and below it is a bearish territory.
A bullish rejection of $67,227 will push price to $70,692, however the move will be slow and choppy.
A bearish break-out of $67,227 will lead to a re-test of $65,364 and lower to $61.562-$63,143, the key intraday support.
Like once read!
Thank you.
Bitcoins newer all time highOn the 4-hour timeframe, Bitcoin appears to be within a distinct channel. This week, it experienced a decline, reaching the 65654 support level at the channel's bottom before rebounding. Currently, it has bounced off the 67562 support and is heading upwards. If it breaks above 69005, it could revisit all-time highs.
Back on March 3rd, Bitcoin formed a flag pattern before reaching its previous all-time highs.
Considering the length of the candlestick pole to the flag pattern, I anticipate Bitcoin may reach 75000 before a downturn, potentially returning to the support trend line around 54670.
DXY Setup To Fall Further As Bitcoin Rally's Past New HighsWith the recent Bitcoin rally avove new highs and currently over $72k, the DXY is also showing further weakness on this chart.
This signals the BTC rally will continue and I believe straight to $80 if not $100k before the halving.
See my other sudies on 'The Path to $100k - $155k Bitcoin' for reasons why this is in play.
Bitcoin/USD 29/11/23Take a seat...
This here is the months chart, each candle equates to a month of price action.
Last month as you can see finished very positive and so this month was likely to also follow trend.
The weekly time frame shows that as of the last two weeks traders/investors of #BTC have been taking profit, but the buying pressure is still there as we can see pullbacks to 35k...
Now we have a minor resistance to break... breaking there has the potential to push price up.
Now a break of this minor resistance (38k) has the potential for price to climb to 50k (where we watch how price reacts) or we have a possible 50-60% discount (30-31k) to get in and climb to 50k.
Worse case for #Bitcoin as of now we fail to break 38k and catastrophically drop.
This is where that 12-10k price predictions comes in...
Take the risk and prosper!!!
| Nothing Here Is Financial Advice But Be Inspired|🌟🚀 🌟
BITCOIN SHORT SETUP hello 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.
BTCUSDT - will increase to $84,000The poor shorts.
all the information he said in the video.
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.