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Bitcoinusd

BTCUSD after halvingHi, welcome to my analysis, Sorry it's been a while since I wrote an analysis due to the Eid al-Fitr holiday. this time BTC dropped and formed a down channel, but we have a Fibonacci support area between 63546 to 62608 and if this Fibonacci support is broken, then the following support will be at level 60211. The bullish target for BTC this time is in the range 70217 to 71625 or Fibonacci level 1,618 to channel resistance. I will update this analysis if I find new keylevels. Happy trading
BINANCE:BTCUSDLong
by AzrulAzir
Bitcoin usd in next Three monthsBitcoin has been ranging between 60,000$ and 72,000$ for a month, in the next three months we have two scenarios. 1- if the 60,000$ resistance is broken, it will fall to at least $40,000 to $44000. 2 if the $73,000 support line is crossed, it will rise to $100,000 Currently, the best price to enter is $60,000 to $63500 and in case of breaking the resistance line the best price to enter is $40,000 to $44000 Considering the price correction of Bitcoin last year and the Halving, the second scenario is more likely
BITSTAMP:BTCUSD
by WOLF_OK
Bitcoin Halving Shakes up Market Bitcoin miners see rewards cut, Dorsey jumps in: Bitcoin miners collected more than $100 million in revenue for the halving on April 20, the highest total ever recorded in a single day. But now miners face a drop in mining rewards that could reshape the industry. And one familiar name is jumping in. Speculators hopeful upcoming Fed meeting will leave rates unchanged: US inflation rates have eased slightly in April in conjunction with weakening demand in both manufacturing and service sectors. Investors hope the latest data will spur a more bullish tone on future rate cuts. Bitcoin halving brings fresh interest to spot ETFs: After a period of net outflows prior to BTC’s halving event, spot BTC ETFs in the US have started to rebound. Ripple calls for SEC to reduce fine: Ripple has strongly opposed the SEC's proposed SEED_TVCODER77_ETHBTCDATA:2B fine, while a contingent of crypto lobbyists moves to sue the regulator. Tether claims it will freeze addresses linked to OFAC-sanctioned entities: The move follows reports that Venezuela's state oil company, PDVSA, used the USDT stablecoin to bypass US sanctions and continue its oil exports. 🤷 Topic of the Week: What is Ethereum? ➡️ Read more here
GEMINI:BTCUSD
by Gemini
BTC - Downwards Channel & Descending TriangleCurrent Bitcoin ( CRYPTOCAP:BTC ) price action suggests a descending channel formation, with notable support around the $60k mark. Analysis indicates the potential formation of a descending triangle pattern, where the lower boundary aligns with the $60k support level. By projecting the triangle's peak downward, strong support zones emerge in the range of GETTEX:49K -$52k. Additionally, the weekly Relative Strength Index (RSI) is indicating a downward trend, signaling a potential correction. Given these technical indicators, it's prudent to anticipate a corrective move in Bitcoin's price. BINANCE:BTCUSDT COINBASE:BTCUSD
COINBASE:BTCUSDShort
by CryptoFallen
BTC short term viewBTC / USDT After the massive drop of market in 13th april The market turned to be range market with slightly bearish in short term However in med - long term i still see it very bullish specially after the halving event that occurred 4 days ago In the coming days/ weeks we can see BTC is testing 60k zone multiple times with some fakouts here and there However if BTC able to close weekly above recent ATH we will see market turn strong bullish again Until that we still in this range … In this range try to avoid overtrading / fomo / panic selling Long term trades are fine Short term trades with strict risk management and stoploss are fine too Best of wishes
by Babenski
5
BTCUSDT OUTLOOKThe $59000-$61.000 range is a very good entry area before halving, but this price depends on Bitcoin Price Action (BTC) and depending on news from the war taking place in the Middle East. Here are some factors to consider: 1. BTC price action: Keep an eye on BTC price action. If BTC starts to drop, then MANTA is likely to follow. 2. Volume: Look for increased volume on MANTA. This could indicate that buyers are entering the market. This is not Financial Advise!. It is important to do your own research before making any trading decisions.
Long
by mrskyzo
Waiting for the Bitcoin Bull Run: A Look at MDIAThe recent sideways movement in the Bitcoin market has many investors wondering when the next bull run will begin. Blockchain intelligence firm Santiment suggests a specific metric to watch: the Mean Dollar Invested Age (MDIA). Understanding MDIA: The MDIA tracks the average age of investments in Bitcoin held within the same wallet addresses. When the MDIA rises, it signifies that coins are being held for longer periods, with less movement or trading activity. This could indicate: • Investor Stagnation: Existing holders are content with their positions and not actively buying or selling. • Whales Holding: Large investors, often nicknamed "whales," might be accumulating or holding onto their Bitcoin, reducing overall market circulation. MDIA and Bull Run Continuation: According to Santiment, a falling MDIA suggests renewed movement from long-held coins. This could signal: • Increased Investor Confidence: A drop in MDIA might indicate that major stakeholders (whales) are returning their Bitcoin to active circulation, potentially fueling a price increase. • Fresh Investment: New investors entering the market with fresh capital could also contribute to a decline in MDIA. Current Market Situation (as of April 13, 2024): • Bitcoin is experiencing a price decline, potentially reflecting investor uncertainty. • It's important to note that MDIA is just one indicator, and other factors can influence market movements. Additional Considerations: • Market Sentiment: Broader market sentiment and external factors can significantly impact Bitcoin's price. Analyzing news and economic data alongside MDIA can provide a more holistic view. • Technical Analysis: Technical indicators like price charts and trading volume can offer further insights into potential price movements. Beyond MDIA: Implied Volatility The recent rise in implied volatility for Bitcoin options suggests increased market uncertainty. Implied volatility reflects the market's expectation of price fluctuations within a specific timeframe. A rise indicates: • Investor Hesitation: Investors might be unsure about the future direction of Bitcoin's price. • Increased Risk Premium: Option traders are demanding a higher premium to account for the perceived volatility. Conclusion The MDIA is a valuable tool for gauging investor behavior and potential shifts in the Bitcoin market. While a falling MDIA can be a bullish sign, it's crucial to consider other factors like implied volatility and broader market sentiment for a comprehensive understanding. By combining MDIA analysis with other technical and fundamental indicators, investors can make more informed decisions in the dynamic world of cryptocurrency. Further Research: • Santiment: santiment.net • Implied Volatility: www.investopedia.com
BITSTAMP:BTCUSD
by bryandowningqln
Bitcoin Bullish Parallel Channel - Bearish in the short termBitcoin has lately experienced a “winding down” of the bullish vibes in the market, so it makes me think it’s the type of feeling you get right before a big move. Because of how the indicators are positioned, and how bullish and cautionless the market currently is, I expect it to dump to new lows. As shown in the chart, we're in a bullish parallel channel, and I expect BTC to dump to the 57k support level, and then retest the ATH at 73k. It also shows two tops, so it can be argued that the current state of the market lies in a double top pattern. Additionally, it seems there is a bear flag pattern formed in which the price currently lies in. Timeline for the dump and the upcoming bottom is about two weeks. Also, not shown in the chart, but Weekly RSI is in an extremely overbought position, which is extremely bearish when looking at the big picture. Candle I expect the retracement to start within the next 48h.
BITSTAMP:BTCUSDShort
by CoinMajesty
11
BTCUSDT 917 PIPS LONG ORDER READ DESCRIPTIONBitcoin (BTC) is currently witnessing heightened demand, particularly within the price range of $60,200 to $64,800, indicating a zone where significant institutional investors, commonly referred to as whales, are injecting substantial capital. This influx of large orders suggests a bullish sentiment among these influential investors, which in turn signals confidence in Bitcoin's potential for future growth and adoption. In recent days, Bitcoin has experienced a downward trend, attributed to the filling of the CME gap area. Such price corrections are a common occurrence in cryptocurrency markets and are driven by market dynamics rather than fundamental shifts in the underlying technology or adoption of Bitcoin. Bitcoin has solidified its position as one of the most trustworthy cryptocurrencies in the market. With a market capitalization of approximately $1.29 trillion and a total supply capped at 21 million coins, Bitcoin offers scarcity and inherent value, distinguishing it from traditional fiat currencies. The cryptocurrency's robust trading volume, which has reached $50,627,120,388 in the last 24 hours, underscores its liquidity and active participation in the market. This liquidity is crucial for ensuring efficient price discovery and facilitating large transactions without causing significant price slippage. A significant event in the recent past was the purchase of 8,000 bitcoins by an anonymous group of whales. Such large-scale acquisitions by influential entities often indicate a strong bullish sentiment for Bitcoin and can serve as a positive signal for other investors in the market. Technical indicators on the weekly timeframe also suggest a strong buy sentiment for Bitcoin. These indicators, which include moving averages, relative strength index (RSI), and MACD (Moving Average Convergence Divergence), provide insights into market trends and investor sentiment over longer timeframes. Bitcoin's resilience, scarcity, and institutional interest make it an attractive asset for investors seeking exposure to the cryptocurrency market. Despite short-term price fluctuations, the long-term trajectory for Bitcoin appears favorable, supported by increasing adoption, institutional participation, and a robust network of developers and supporters. Moreover, Bitcoin's decentralized nature, censorship resistance, and transparent ledger make it an appealing store of value and medium of exchange, especially in regions facing economic instability or currency devaluation. In recent years, Bitcoin has gained mainstream acceptance as an investable asset, with numerous institutional investors, corporations, and even governments allocating funds to Bitcoin and other cryptocurrencies. Bitcoin's role as a hedge against inflation and macroeconomic uncertainty has become increasingly recognized, particularly in the wake of unprecedented monetary stimulus measures adopted by central banks worldwide. The emergence of Bitcoin as a legitimate asset class has led to the development of sophisticated financial products and services, including Bitcoin futures, options, and ETFs (Exchange-Traded Funds), further expanding its accessibility and liquidity. However, Bitcoin still faces challenges, including regulatory scrutiny, scalability concerns, and environmental criticisms related to its energy consumption. Efforts to address these challenges are underway, with ongoing research and development focused on improving Bitcoin's scalability, privacy, and sustainability. Despite these challenges, Bitcoin's decentralized architecture and resilient network continue to attract developers, entrepreneurs, and innovators, driving further advancements in the ecosystem. Overall, Bitcoin's value proposition as a decentralized, digital currency with a finite supply and global accessibility remains compelling, positioning it as a transformative force in the future of finance and technology.
BINANCE:BTCUSDLong
by MOAZAM1133
The Art of FibonacciBitcoin has been on the rise, and I would like to share my Master Fib. This angled fibonacci structure encompasses the entirety of Bitcoin's history and can be used to help discover price action patterns, facilitating future trade decisions. The chart can be useful on both logarithmic and linear price scales. This idea highlights the fib structure on the log scale. This particular fibonacci-based structure utilizes the following levels : 0, 0.214, 0.236, 0.35, 0.382, 0.5, 0.618, 0.65, 0.764, 0.786, and 1, and extends 20 levels above and below 0. The core channel from which the structure is built is established using the following 3 points: These 3 points create the core channel of the master structure: The final version of this chart has been optimized for, and makes use of, the 10 day timeframe. While I personally prefer using this chart on a smaller timeframe for everyday use, the 10 day timeframe was chosen as a suitable balance of factors, including the following: maximizing the amount of bitcoin historical data and fib data displayed maximizing chart clarity at all zoom levels maximizing visibility of price action reactions maximizing published idea usefulness lifespan When viewing the fib structure on alternate timeframes, reactions in price can be seen as high as the monthly timeframe, all the way down to the 1 minute timeframe. Utilizing various timeframes can help display more pronounced, obvious, or acute reactions to fib levels. 1day price action fib reaction (April 2018 - July 2019) 1hour price action fib reaction (April 3/4 2022) 1min price action fib reaction (March 5 2024 - 5 days ago) Even on the 10 day timeframe, reactions can be seen as far back as December 2009... bouncing off the 6.214! There are many such reactions to this fib structure throughout the entire history of bitcoin. What's amazing is that the 3 points used to create the structure are from December 2017 to November 2021! So, let's take a quick look at some of the reactions in price to some of the various fib levels. Doing this will add validity to the effectiveness and usefulness of the fibs. And finally, here's a look at where we are today, on the linear scale, just before the 10day candle close: Now that we have established some validity of the fib structure, we can use it to help us make future trading decisions, particularly when the price of bitcoin approaches, rejects, breaks through, or retests the various levels. Does, and will, bitcoin always react to every level? No. But I think this is one of the best bitcoin fib structures I've seen that encompasses every single displayed candle while maintaining such accuracy and effectiveness. Its influence on the bodies and wicks of past and present candles can be seen. I think it is likely to guide and influence future candles. I estimate that the further above or below that price is from the core channel, the less accurate and influential the levels and angles will be. I also estimate that the further away we are, in time, from the 3 points that build the core channel, the less accurate and influential the levels and angles will be. That being said, we, being humans, only have so many 10 day candles left, so... yeah. *Bonus* Keep zooming into the light (on the chart) Thank you for checking out my idea! I hope that you like it and find it useful. If you do, please give it a boost. And feel free to comment. //Durbtrade
INDEX:BTCUSD
by Durbtrade
5
The big picture of BitcoinSince the beginning of this analysis, I have focused on the contents of the triangle pattern but what happens if this pattern breaks out? Where is the target? On this occasion I will illustrate using a daily timeframe. In this analysis, I deliberately started from major support. This support is the strongest support for BTC, and if this triangle pattern breaks down, then the worst scenario, bearish target will be to touch major support around the level of $49,555 or approximately a 25% drop from pattern support. However, to achieve this figure, BTC must successfully break down the bearish confirmation point level 64,756 with 1 full candle on the 4 hour timeframe and if that happens, then cases of drops before the halving will probably be repeated like my previous analysis. you can open it here For the bullish scenario, if this pattern breaks up, it will take 1 candle at 4 hour time frame to come out completely (full body candle) above $71,454 and when that happens, party to all. Not just bullish on BTC, but on all cryptocurrencies, and BTC will rise 25% from pattern resistance to $86,913. Do you expect it to fall to $49,555 first or straight up to $86,913 Please comment, if there is a supporting chart, feel free to post it here. Thank You
BINANCE:BTCUSD
by AzrulAzir
2
BTCUSDT | ABC wave target projection TFW +75-80K USDThis TFW wave analysis in this scenario of a 5 wave expanding diagonal structure: w.1 - completed Dec 2017 w.2 - declined @ 78.6% of w.1 w.3 - an impulse 5 wave @ extension 361.8% of w.1. w.4 - also @ 78.6% of w.3 ABC structure (alt count 1-2-3-4-5) overlapped w.1 zone by 10%+/-. w.5 - currently preferable ABC or 123 structure with a complex w.B/2 wave correction @ 38.2% (B wave is often complex pattern) of w.A/1. The impulse move of the current wave c.3 now extended above fibonanci 261.8% of w.a and sustaining at above level 65K USD The current price movement could be entering liquidity zone approaching the major upper trend/channel resistance and the next fibonanci wave C/3 target at 361.8% around 75-80K. Supported Indicator: weekly RSI @ 90 the highest level with convergence value - a possible higher price with a bearish divergence confirm the next move for a trend signal for reversal/decline. Bearish count scenario - daily price movement possible ABCDE triangle - minor 4-wave for a short-term correction resulted in a lower price of minor 4-wave. Always affordable risk and respect your stop.
Long
by dukeposh
Bitcoin Counter WickoffEverything is in Graph. if you don't know about Wickoff Strategy, i invite you to DYOR it. - i will try to explain you how to counter Whales/institutionals as small retails investors - of course this method can be adjusted with your portofolio, i just made it very simple to make peoples understand how to invest wisely. - This Chart is based on the Money you don't need for living! - if you use this method correctly and adapt it to your portofolio, you will always restart a new cycle with more money. - if you look at the chart closely, you will understand that i didn't use higher points to take profits and keep always 10,000$ in Market, so this chart is based on human mistakes and not much greed. ----------------------------------------------------------------------------------------------------------------------------- - in this method we starts with 10,000$ invest as exemple. - Take profits 2 Times, keep base investment in market ( because we don't know the real potential Top ). ----------------------------------------------------------------------------------------------------------------------------- - The Second Phase is waiting for the Dip and buying back - Re-inject Money 3 Times in the Dip and Wait for market recovery phase ( because we don't know the real potential Bottom ) ----------------------------------------------------------------------------------------------------------------------------- - if the bottom was a mistake and BTC fall down more. - just invest slowly what you don't need for living and be patient, BTC is fundamentally poised to go up. ----------------------------------------------------------------------------------------------------------------------------- - This method can be done with 10$ - 100$ - 1000$, no matter money because everything is based % invest and Time. - Remember that your management is the most important, if you don't manage your money correctly, Tears will come. "You have to believe that you are the one who creates your success and also that you are the one who creates your mediocrity". Happy Tr4Ding !
by thecryer
4