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Bitcoinpricetrendanalysis

Bitcoin Macro Uptrend & Near Term Pullback ZoneBitcoin's chart shows that it's potentially topping out here and due for a pullback. See my other recent post related to a pullback to the $38k zone to re-test prior resistance. While we could push higher here in the final stage of an exhaustion rally to the Fib Golden Pocket, it's more likely that BTC retraces back down to the $38k - $40k zone before resuming the push to $50k. But again, the Blackrock and other ETF approvals are the wildcard. Either way Bitcoin is in a nice upward trending channel that likely takes us to new highs if not $100k by the Halving. See my other related studies and 'The Path to $155k Bitcoin and Beyond'.
by BrettFogle
Bitcoin Peaks at $42,000 - What's Next? Bitcoin Peaks at $42,000 - What's Next? In a new surge of momentum fueled by widespread optimism that the U.S. securities regulator may soon approve a spot bitcoin ETF, Bitcoin briefly surpassing $42,000 to reach a 20-month high. There is a sense of optimism in the space regarding the potential approval of a bitcoin exchange-traded fund (ETF) by the U.S. securities regulator. Such approval would likely enable a new type of investor to enter the cryptocurrency market through the regulated stock exchange, leading to an influx of capital into the digital asset. In October, SEC Chair Gary Gensler alluded to the agency's consideration of up to 10 bitcoin ETF filings. Additionally, falling inflation in the US is making higher-risk assets such as Bitcoin more attractive. This sounds like a certain bullish environment, right? Well... nothing is certain in crypto so some downside projections might be appropriate to consider too. So, with that in mind, the gap on Sunday still needs to be filled, starting with approximate prices at $39,600 and $39,000.
BLACKBULL:BTCUSD
by BlackBull_Markets
1
🟡 - Bitcoin Whales 11.6.2023We are witnessing an intriguing phenomenon recently, Bitcoin has slowed down since 24 so far, although it managed to rise 35,971 but fell fast despite this, As I highlighted on October 24th, considerable resistance has emerged within the $35-36,000 threshold for Bitcoin. This is not just a coincidence. Current market dynamics, upon closer inspection, reveal that Bitcoin whales are actively applying selling pressure at this critical point. It's a strategic game, and these market drivers aren't just participants—they set the pace. This can be a short-term pressure and does not indicate that Bitcoin will collapse or crash completely but it indicates that there is a challenge at a specific price, once everything slows down and then Bitcoin shows signs of weakening after whale pressure, this means that Bitcoin's performance is not strong enough yet in this game Within the provided graph, I have pinpointed three critical areas of interest through Q1 and Q2 of 2023, delineated by two prominent green circles and one salient red circle(today). These circles illuminate the pivotal buying and selling actions of Bitcoin whales. Green Circles (January to May 2023): These larger green circles underscore the zones where substantial whale purchases occurred at specific price points. Within these zones, numerous smaller blue circles are visible, courtesy of an analytic indicator that tracks whale transactions, signifying either buying or selling maneuvers. Particularly under the line, these blue small circles consistently indicate that whales have been 'buying low.' Red Circle (Recent Weeks): Conversely, the large red circle captures the locus of recent whale selling, as marked by small red circles above the line. Each of these red circles flags an instance where whales 'sold high.' Notably, since these red markers last materialized around October 23rd, Bitcoin has exhibited a somewhat decelerated pace over the following 16 days. Short Term Chart Long Term Chart This pattern prompts further inquiry into the strength and momentum of Bitcoin. I've applied additional metrics to gauge Bitcoin's vitality. While certain indicators reveal short-term weakness, from hourly to daily perspectives, Bitcoin maintains robust signals of long-term fortitude. Forward-Looking Considerations: It is pivotal to monitor both the short-term indicators and the long-term trajectory. Should signs of long-term weakness begin to align with the short-term trends, it could presage a potential downtrend. At present, however, the evidence suggests a moderation in momentum rather than an outright downturn. By staying attuned to both whale behavior and a suite of analytical indicators, we can better navigate the currents of the Bitcoin market and anticipate potential shifts.
INDEX:BTCUSD
by BlackMammoth
1
BTCUSD Trend AnalysisExpecting a fall of around 17% towards 22000 level as per the WXY correction after which a massive 120% rally will happen towards 49000 level. This 17% fall will sweep the liquidity to fuel the upside move and is highly likely to happen. This is in correlation to Crypto Total Market Cap which is linked below. Good to look for investment opportunities during this fall instead of panicking. This is not a buy or sell recommendation, do your own due diligence before taking any action. Peace!!
BINANCE:BTCUSDShort
by Swastik24
BITCOIN PRICE ANALYSIS AND NEXT POSSIBLE MOVES !!BTC 4H Chart Update & Possible Move Near !! •BTC    Two Times Failed To Break its 1D Resistance & Now price moving Toward its 4h imporatant support area. • in any condition BTC    Price need to stay above 26.6k$ Other wise Next stop is 25k$-24.5k$ • MACD &RSI are Bearish. • FOMC Meeting results also expected Negative. • Maximume Chances we see Drop in BTC Price. Riskmanagement Tip :- Currently do Trade with minimum Fund if we see big crash in markete or big pump then We Buy somthing✌. FOLLOW US FOR MORE FREE ANALYSIS !!
by CRYPTOPLAYERS-01
#Bitcoin - thoughts out loud #07Good evening , we are from Ukraine! I expect further depreciation of the cryptocurrency market. But if we see the strength of the buyer at the price of 25k, we will break through local highs. But judging by the current situation, the chart shows weakness. That is, after exiting the trading range (breaking through local highs), we correlate the spread to the volume, which indicates a narrowing of the spread and a decrease in volume several times. For further upward movement, we need new forces. At this time, they are absent. Thank you all for your attention, I wish you success . Sometimes you win /sometimes you learn . #Bitcoin
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by WVitalievich
BITCOIN: What Happens Next to the Crypto Market?WisdomTree has filed with the US Securities and Exchange Commission for a spot Bitcoin ETF. The company describes the proposed investment vehicle “WisdomTree Bitcoin Trust” as an ETF that will be listed on the Cboe exchange BZX under the symbol BTCW, according to a June 20 filing. WisdomTree's ETF — or any other spot Bitcoin ETF — will give institutional investors access to the value of Bitcoin without investing directly in the cryptocurrency. WisdomTree filed a very similar ETF in 2021. CboeBXZ then filed a proposed rule change in January 2022 to support WisdomTree. The SEC rejected that rule change in October 2022, citing problems with inadequate surveillance-sharing agreements and protections against market manipulation. WisdomTree's latest filing comes just days after asset management giant BlackRock filed a Bitcoin ETF. While BlackRock's filing has yet to be approved, some are optimistic about the company's ability to provide a satisfactory surveillance-sharing agreement. Bitwise has also filed for a Bitcoin ETF for immediate delivery after BlackRock. Some rumors suggest that Fidelity is planning a spot Bitcoin ETF, although those rumors have not been verified. The SEC has yet to approve any spot Bitcoin ETFs in the United States.
BINANCE:BTCUSDShort
by Sphyn-Trader