BITCOIN | MACRO OUTLOOK | Top is IN | ALTCOINS SHINEI've been risking my opinion for the better part of a year, saying that the ATH is stilllll coming. Now, it's time for me to choose my trades again; and I'm choosing to take my profits here.
Here's a replay of an entire year's worth of BTC updates, incase you want to verify😉:
The next thing I'm looking at is the continuation of Altseason , because the TOTAL3 chart peaks AFTER the BTC high. I touched a little bit on this mechanic here; but I think I'll do another update on that in coming days.
After alts top-out, for BTC bounce zones I'll consider the moving averages, Elliot wave corrective theory, and previous resistance zones as new bounce zones. But this is near term, not short term.
Stay tuned!! Cheers to the believers 🥂
________________
COINBASE:BTCUSD
Bitcoinusd
Bitcoin (BTC/USD) Analysis: Correction on the Horizon?Bitcoin has been on a parabolic rally, recently crossing the critical 1.618 Fibonacci extension level at $96,232. As BTC edges closer to the psychological $100,000 mark, questions arise about whether this momentum can be sustained or if a correction is imminent. Here's a detailed analysis:
Key Observations:
1.Fibonacci Extension Levels
The price has decisively broken above the 1.618 Fibonacci level at $96,232, a critical milestone often associated with overextension in trends.
Historically, price corrections tend to occur after such steep rallies, especially near extended
Fibonacci levels.
2.Overbought RSI
The daily RSI is in overbought territory (>70), signaling that the asset may be due for a cooling-off period.
A potential bearish divergence could emerge if the price forms higher highs while RSI fails to do so, which is a classic precursor to corrections.
3.Volume Dynamics
While volume supported the initial breakout, it has been relatively muted as Bitcoin approaches $100,000.
Declining volume in an uptrend often signals waning momentum and increases the likelihood of a pullback.
4.Psychological Resistance
The $100,000 level is a key psychological barrier, likely to trigger profit-booking by traders and long-term holders alike.
5.Potential Support Zones
In case of a correction, watch for support at the previous Fibonacci levels:
$90,000 (minor support)
$74,296 (1.0 retracement)
$66,700 (0.786 retracement)
Scenarios to Watch:
1.Short-Term Correction Likely
If BTC fails to hold above the 1.618 level ($96,232), we could see a pullback toward $90,000 or even deeper to $74,296.
Bearish RSI divergence or a decline in volume on higher prices would confirm this scenario.
2.Continued Rally
Consolidation above $96,000, supported by strong volume and neutralizing RSI, could indicate sufficient strength for a breakout beyond $100,000.
A confirmed breakout with volume could pave the way toward $110,000 and beyond.
Conclusion:
A correction appears increasingly likely in the short term as BTC approaches the psychological $100,000 resistance with overbought conditions. However, the broader trend remains bullish, and any pullback to key Fibonacci support levels could present a buying opportunity for long-term traders.
Key levels to watch: $96,000 (immediate support), $100,000 (resistance), and $74,296 (major support).
Stay cautious and monitor the RSI, volume, and price action around $100,000 to gauge the next move.
Let me know your thoughts! Is BTC primed for a pullback or ready to shatter $100,000? Comment below!
Bitcoin Nears $100,000 as China Clarifies Personal Crypto RightsBitcoin, the world's largest cryptocurrency, has been on a tear, recently surpassing the $99,000 mark. This surge has been fueled by a combination of factors, including increased institutional adoption, favorable regulatory developments, and growing global economic uncertainty.
China's Crypto Clarity
One of the most significant developments for the cryptocurrency market has been China's clarification of its stance on personal crypto ownership. While the country has imposed strict regulations on cryptocurrency trading and mining, it has clarified that individuals are allowed to hold cryptocurrencies for personal use. This regulatory clarity has boosted investor confidence and could potentially lead to increased adoption of cryptocurrencies in China, the world's second-largest economy.
Institutional Adoption Continues to Grow
Institutional investors, such as hedge funds, pension funds, and corporations, have been increasingly investing in Bitcoin and other cryptocurrencies. This growing institutional interest has provided significant support to the market and has helped to drive the price of Bitcoin higher.
Global Economic Uncertainty
The ongoing global economic uncertainty, including rising inflation, geopolitical tensions, and the potential for a recession, has led investors to seek alternative assets. Bitcoin, as a decentralized and inflation-resistant asset, has become an attractive investment option for many.
Technical Analysis: A Bullish Outlook
Technical analysis of Bitcoin's price chart suggests that the cryptocurrency is in a strong uptrend. The recent breakout above the $99,000 level has further strengthened the bullish sentiment. Key technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are signaling1 bullish momentum.
On-Chain Data Points to Further Upside
On-chain data, which analyzes the behavior of Bitcoin on the blockchain, provides further insights into the potential for future price appreciation. Metrics like the MVRV Z-Score, NUPL, and Puell Multiple suggest that Bitcoin is not overbought and has significant room to grow.
Challenges and Risks
While the outlook for Bitcoin remains bullish, it is important to acknowledge the risks and challenges associated with investing in cryptocurrencies. These include:
• Market Volatility: The cryptocurrency market is highly volatile, and Bitcoin's price can fluctuate significantly in a short period.
• Regulatory Uncertainty: Changes in regulations can impact the price of Bitcoin and other cryptocurrencies.
• Security Risks: Cryptocurrencies are vulnerable to hacking attacks and other security threats.
• Technical Issues: Technical issues with the Bitcoin network could negatively impact its performance and price.
Conclusion
Bitcoin's recent surge to near $100,000 has been fueled by a combination of factors, including increased institutional adoption, favorable regulatory developments, and growing global economic uncertainty. While the future of Bitcoin remains uncertain, the current bullish sentiment and strong technical indicators suggest that the cryptocurrency could continue its upward trajectory. However, investors should approach Bitcoin with caution and be aware of the risks involved.
BTC The State NowHere’s a quick market update with a timeline and trend analysis :
- As always, it’s as simple as checking the colors and trends in the graphic.
- We’re currently in a phase of solid consolidation.
- The bull run hasn’t started yet, but in time, BTC is expected to go parabolic, as it usually does.
- The current cycle is taking longer to play out.
- The differences between 2020 and 2024 corrections are clear. Back in 2020, BTC was still maturing, not widely accepted, and impacted by the Covid crisis.
- In 2023, BTC has gained more recognition with ETFs, attracted wealthy investors, and is evolving into a true store of value.
- For these reasons, TheKing may be retracing, but it’s doing so with power and resilience.
- Everyone wants a piece of the cake, which is why Bitcoin's price remains elevated.
Just HODL and you'll be rewarded in the long run.
Happy Tr4Ding
How Do They Contribute to the Surge Above $100K on Deribit?A New Era of Crypto Adoption Dawns
The cryptocurrency market has been ablaze with bullish sentiment, and Bitcoin (BTC) has taken center stage. A particularly striking development has emerged from the derivatives market, with Bitcoin futures on Deribit trading above the $100,000 mark for contracts expiring in March, June, and September 2025. This unprecedented surge in futures prices signals a profound shift in market sentiment and underscores the growing anticipation for Bitcoin's long-term potential.
The Deribit Phenomenon
Deribit, a prominent cryptocurrency derivatives exchange, has become a focal point for institutional investors and traders seeking exposure to Bitcoin's volatility. The exchange's robust trading platform and deep liquidity pools have attracted diverse market participants, from hedge funds to retail traders.
The recent surge in Bitcoin futures prices on Deribit can be attributed to several factors:
1. Institutional Adoption: A growing number of institutional investors, such as hedge funds and pension funds, are allocating a portion of their portfolios to cryptocurrencies. These institutions often prefer derivatives markets for their flexibility and risk management capabilities.
2. Regulatory Clarity: Increasing regulatory clarity in major jurisdictions, including the United States, has boosted investor confidence. As governments worldwide grapple with the implications of cryptocurrencies, a more favorable regulatory environment could further accelerate adoption.
3. Network Upgrades: Bitcoin's ongoing network upgrades, such as the Lightning Network and Taproot, are enhancing the efficiency and scalability of the blockchain. These improvements could lead to increased adoption and transaction volume.
4. Deflationary Nature: Bitcoin's limited supply and deflationary nature make it an attractive asset for long-term investors. As the demand for Bitcoin grows, its price is expected to appreciate over time.
A Glimpse into the Future
The $100,000 price level for Bitcoin futures represents a significant psychological barrier. Breaking through this level could further ignite bullish sentiment and attract new investors to the market. However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.
While the long-term outlook for Bitcoin remains optimistic, short-term price fluctuations are inevitable. Investors should approach the market with a long-term perspective and be prepared for potential volatility.
The Road Ahead
As Bitcoin continues to evolve and mature, its role in the global financial system is likely to expand. The recent surge in futures prices on Deribit is a testament to the growing recognition of Bitcoin's value proposition. However, it is crucial to remain cautious and conduct thorough research before investing in cryptocurrencies.
Potential Challenges and Risks
Despite the bullish sentiment, several challenges and risks could impact Bitcoin's price trajectory:
1. Regulatory Uncertainty: While regulatory clarity is increasing, inconsistent regulations across different jurisdictions could create uncertainty for investors.
2. Market Manipulation: The cryptocurrency market is susceptible to market manipulation, especially by large players with significant financial resources.
3. Security Risks: Hackers and cybercriminals pose a constant threat to cryptocurrency exchanges and wallets.
4. Economic Downturns: Economic downturns and geopolitical tensions could negatively impact the cryptocurrency market.
Conclusion
The recent surge in Bitcoin futures prices on Deribit marks a significant milestone in the cryptocurrency market. However, investors should approach the market with caution and be aware of the inherent risks. As the cryptocurrency industry continues to evolve, it is essential to stay informed and adapt to the changing landscape.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice.1 Please conduct your own research2 or consult with a financial advisor before making any investment decisions.
How Do They Contribute to the Surge Above $100K on Deribit?A New Era of Crypto Adoption Dawns
The cryptocurrency market has been ablaze with bullish sentiment, and Bitcoin (BTC) has taken center stage. A particularly striking development has emerged from the derivatives market, with Bitcoin futures on Deribit trading above the $100,000 mark for contracts expiring in March, June, and September 2025. This unprecedented surge in futures prices signals a profound shift in market sentiment and underscores the growing anticipation for Bitcoin's long-term potential.
The Deribit Phenomenon
Deribit, a prominent cryptocurrency derivatives exchange, has become a focal point for institutional investors and traders seeking exposure to Bitcoin's volatility. The exchange's robust trading platform and deep liquidity pools have attracted diverse market participants, from hedge funds to retail traders.
The recent surge in Bitcoin futures prices on Deribit can be attributed to several factors:
1. Institutional Adoption: A growing number of institutional investors, such as hedge funds and pension funds, are allocating a portion of their portfolios to cryptocurrencies. These institutions often prefer derivatives markets for their flexibility and risk management capabilities.
2. Regulatory Clarity: Increasing regulatory clarity in major jurisdictions, including the United States, has boosted investor confidence. As governments worldwide grapple with the implications of cryptocurrencies, a more favorable regulatory environment could further accelerate adoption.
3. Network Upgrades: Bitcoin's ongoing network upgrades, such as the Lightning Network and Taproot, are enhancing the efficiency and scalability of the blockchain. These improvements could lead to increased adoption and transaction volume.
4. Deflationary Nature: Bitcoin's limited supply and deflationary nature make it an attractive asset for long-term investors. As the demand for Bitcoin grows, its price is expected to appreciate over time.
A Glimpse into the Future
The $100,000 price level for Bitcoin futures represents a significant psychological barrier. Breaking through this level could further ignite bullish sentiment and attract new investors to the market. However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.
While the long-term outlook for Bitcoin remains optimistic, short-term price fluctuations are inevitable. Investors should approach the market with a long-term perspective and be prepared for potential volatility.
The Road Ahead
As Bitcoin continues to evolve and mature, its role in the global financial system is likely to expand. The recent surge in futures prices on Deribit is a testament to the growing recognition of Bitcoin's value proposition. However, it is crucial to remain cautious and conduct thorough research before investing in cryptocurrencies.
Potential Challenges and Risks
Despite the bullish sentiment, several challenges and risks could impact Bitcoin's price trajectory:
1. Regulatory Uncertainty: While regulatory clarity is increasing, inconsistent regulations across different jurisdictions could create uncertainty for investors.
2. Market Manipulation: The cryptocurrency market is susceptible to market manipulation, especially by large players with significant financial resources.
3. Security Risks: Hackers and cybercriminals pose a constant threat to cryptocurrency exchanges and wallets.
4. Economic Downturns: Economic downturns and geopolitical tensions could negatively impact the cryptocurrency market.
Conclusion
The recent surge in Bitcoin futures prices on Deribit marks a significant milestone in the cryptocurrency market. However, investors should approach the market with caution and be aware of the inherent risks. As the cryptocurrency industry continues to evolve, it is essential to stay informed and adapt to the changing landscape.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice.1 Please conduct your own research2 or consult with a financial advisor before making any investment decisions.
How Bitcoin BTC Will Break $100k And What Is Going Next?Hello, Skyrexians!
BINANCE:BTCUSDT is approaching the $100k, which is the key psychological level for many traders. Some traders are wondering how Bitcoin can pump so high, other became believe in $200k, $500k of even one million dollars per coin! For those who follow us it's not surprise that BTC has almost reached $100k from our previous analysis . There we mentioned that crypto asset is finishing the bull run with the wave 5. This wave had the target at $107k and we can define with higher accuracy the wave's end using subways count inside it.
On the daily time frame we can see the potential Elliott Waves counting. Looking at the maximum Awesome Oscillator value we can see that currently price is printing wave 3. This wave has the target with the 1.61, 2.61 or 3.61 Fibonacci extension levels. The first one has been broken, now price is at 2.61 level. Therefore, it can start local correction anytime now. The maximum target is $113k, which has the low probability of reaching in this wave 3.
We want you also to pay attention that Bullish/Bearish Reversal Bar Indicator flashed the green dot just before the growth and at the bottom on August 5 as well. As always, alerts from this indicator can be automatically replicated on exchange account orders. You can find the information in our article on TradingView . We can expect the red dot as a potential reversal sign.
The next dump in our opinion is not going to be the end of this game, Bitcoin shall print wave 4. It has targets between 0.38 and 0.5 level. BTC usually tends to show the short correction, so $79k can be the correction target. After that we expect the final subway of the final wave, which will likely reach our target from previous article at $107k, but the decisive factors are going to be the bearish divergence of the AO and the red dot on our indicator.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
Bitcoin Approaching Upper Channel Resistancehello guys.
Ascending Channel: Bitcoin is trading within a well-defined ascending channel, with support and resistance levels marked by parallel lines.
Upper Resistance Zone: The price is nearing the upper boundary of the channel around $95,784, which may act as strong resistance.
Bullish Momentum: The trend is bullish as Bitcoin has consistently followed the channel upwards, respecting both support and resistance levels.
Potential Pullback: If Bitcoin faces resistance at the upper channel, a pullback towards the midline or lower boundary is possible.
Target: If the price breaks above the upper boundary, Bitcoin could see a further bullish extension around $95,784. However, rejection at this level could signal a temporary correction.
Bitcoin Elliott Wave Analysis: Wave 5 in Action! Bitcoin is technically riding Wave 5 on both higher and lower timeframes – a strong indication of potential momentum toward its maximum potential! 🎯
📊 Key Levels
Target: $102,000 (Fib 1.618 extension level)
Stop Loss: $91,800 (below Wave 4)
Entry: Market Price
📈 Risk-to-Reward: 2.5:1 RRR
This setup aligns perfectly with Elliott Wave theory, signaling an excellent risk-reward opportunity. Ride the momentum and stay sharp – Bitcoin might be heading toward new highs! 🌟
💡 Pro Tip: Always manage your risk and stick to your plan!
⚠️ Risk Disclaimer: Trading cryptocurrencies involves a high level of risk and may not be suitable for all investors. Prices can be highly volatile, and you could lose your entire investment. Always conduct your own research and consider your financial situation before trading. Never risk more than you can afford to lose.
#Bitcoin #ElliottWave #CryptoTrading #BTC #RiskManagement
Is Bitcoin's Bullish Breakout a Catalyst for a 90% Rally?
Bitcoin, the world's largest cryptocurrency, has been making significant strides in recent months, with several key metrics signaling a potential for a substantial price surge. Analysts and traders are closely watching these developments, which could propel BTC to new all-time highs.
Key Metrics Pointing to a Bullish Future
A confluence of technical indicators and market sentiment suggests that Bitcoin is poised for a significant upward move. Here are some of the key factors driving the optimism:
1. Classic BTC Price Chart Metrics:
o Golden Cross: A bullish crossover of the 50-day and 200-day moving averages, often seen as a strong buy signal.
o Relative Strength Index (RSI): A momentum oscillator that indicates whether an asset is overbought or oversold. A reading above 70 suggests overbought conditions, while a reading below 30 indicates oversold conditions.1
o Moving Average Convergence Divergence (MACD): A trend-following momentum indicator that shows the relationship between two moving averages.2 A bullish crossover of the MACD line above the signal line is often interpreted as a buy signal.
2. Bitcoin ETF Options Launch: The launch of Bitcoin ETF options has generated significant interest and liquidity in the market. This development could attract institutional investors, who may view Bitcoin as a viable asset class for diversification and portfolio growth.
3. Strong Market Sentiment: Traders and analysts are increasingly bullish on Bitcoin's long-term prospects. Many believe that the cryptocurrency has the potential to reach $100,000 or even higher in the coming years.
Potential for a 90% Rally
Given the strong fundamental and technical factors, some analysts are predicting a 90% rally in Bitcoin's price. Such a move would take the cryptocurrency to unprecedented heights, surpassing its previous all-time high. However, it's important to note that the cryptocurrency market is highly volatile, and price predictions should be taken with a grain of salt.
The Road Ahead
While the future of Bitcoin is uncertain, the recent bullish signals suggest that the cryptocurrency could be on the cusp of a major bull run. However, it's essential to approach investing in cryptocurrencies with caution and to conduct thorough research before making any investment decisions.3
Disclaimer: This article is for informational purposes only and4 should not be construed as financial advice. It's crucial to consult with a qualified financial advisor before making any investment decisions.
Additional Considerations
As the cryptocurrency market continues to evolve, it's important to consider the following factors:
• Regulatory Landscape: Government regulations can significantly impact the price and adoption of cryptocurrencies.
• Market Manipulation: The cryptocurrency market is susceptible to manipulation by large investors and whales.
• Technological Advancements: Technological advancements, such as layer-2 solutions and improved scalability, can positively impact Bitcoin's performance.
• Economic Factors: Global economic conditions, such as inflation and interest rates, can influence the demand for Bitcoin.
By staying informed and understanding the risks involved, investors can navigate the volatile cryptocurrency market and potentially reap significant rewards.
FARM: A Rare Opportunity with 300% to 1000% Potential!If you’ve missed the recent pumps, don’t worry—I wanted to share something that’s been catching attention in several groups and channels.
FARM has a market cap of just $30 million and less than 1 million tokens in circulation, which is incredibly rare in the market. While many projects with billions of tokens deliver nothing, FARM is a functional and consistent DEFI project.
With 672,183 tokens in circulation, listings on Binance and Coinbase, and strong fundamentals, it’s no surprise people are talking about its potential. Compared to projects like AAVE, Compound, and Yearn Finance, which have much higher market caps, FARM feels significantly undervalued.
Some are saying it could see 300% or more, and it makes sense given the context. Of course, everyone should do their own research, but it’s worth taking a closer look—scarcity and utility are a powerful combination in this market.
Just wanted to share. Keep an eye on it and manage your capital wisely! COINBASE:ETHUSD BINANCE:BTCUSD COINBASE:BTCUSD
Rally Not Started Yet- Everything in trend, i used MVRV indicator ( Google it if you don't know it).
- Not a price prediction, check my older analysis for some price prediction.
- Not a date prediction, Timeline surely wrong.
- So this a post just to give you an idea of the situation.
What to not do :
- Don't listen some twitter influencers pseudo maestros traders 😂.
- Some are spreading that BTC bull market is finished or won't even happen.
- Don't follow and listen too many peoples at the same time.
- Don't forget that influencers are not traders.
- Don't forget many followers on Twitter or TV mean NOTHING!.
What to do :
- Learn is practice, so practice again and again to learn more and more.
- Teach to your friends about trading, more you teach more you learn and master trading!
- Listen to yourself (don't even listen to me).
- Keep focused.
- Be confident.
Now :
- Real Bull Market not even started.
- Be ready and DCA what you can afford.
- Don't panic for dips, buy more instead, this is crypto.
Happy Tr4Ding !
Are Spot Bitcoin ETFs New Top Investment Choice for Investors?
A Six-Week Streak of Strong Investor Demand
Spot Bitcoin exchange-traded funds (ETFs) have continued their impressive performance, attracting substantial inflows over the past six weeks. The latest week saw an influx of $1.7 billion, further solidifying the growing institutional interest in Bitcoin. This consistent inflow has propelled the total net assets of spot Bitcoin ETFs to a staggering $95.4 billion, representing 5.27% of Bitcoin's current $1.8 trillion market capitalization.
Decoupling from Traditional Markets
A notable trend has emerged in recent times: Bitcoin's correlation with traditional assets like U.S. equities and Ether has weakened. This decoupling suggests that Bitcoin is increasingly viewed as an independent asset class, driven by its own unique fundamentals and market dynamics. As a result, Bitcoin's price action has become less reliant on broader market trends, allowing it to exhibit its own volatility and momentum.
Crypto Market Reaches New All-Time High
The cryptocurrency market as a whole has reached a new all-time high of $3.025 trillion, fueled by the continued adoption of Bitcoin and other digital assets. While Bitcoin has consolidated around the $92,000 level, the broader market has seen significant gains, with many altcoins experiencing substantial price increases.
Factors Driving Bitcoin ETF Inflows
Several factors are contributing to the strong demand for Bitcoin ETFs:
1. Institutional Adoption: A growing number of institutional investors, including hedge funds, pension funds, and corporations, are allocating a portion of their portfolios to Bitcoin. ETFs provide a convenient and regulated way for these institutions to gain exposure to Bitcoin.
2. Regulatory Clarity: Increasing regulatory clarity in major jurisdictions has boosted investor confidence. As governments and regulators around the world develop frameworks for cryptocurrencies, it has paved the way for institutional adoption.
3. Safe Haven Asset: Bitcoin is often viewed as a safe-haven asset, particularly during times of economic uncertainty or geopolitical tensions. Its limited supply and decentralized nature make it an attractive investment option for many investors.
4. Technological Advancements: Ongoing advancements in blockchain technology, such as scalability solutions and smart contract capabilities, are enhancing Bitcoin's utility and potential applications.
The Future of Bitcoin ETFs
The continued success of Bitcoin ETFs is likely to have a significant impact on the broader cryptocurrency market. As more ETFs launch and attract investment, it could further legitimize Bitcoin and other cryptocurrencies. Additionally, it could lead to increased price volatility and potentially higher valuations.
However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors should conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
Bitcoin: Projecting the 5th and Final Phase of the Bull Market
### **Introduction**
This report provides an in-depth analysis of the historical and projected market behavior of Bitcoin, focusing on cyclical market patterns and emphasizing both bull and bear phases. By dissecting previous cycles, this study aims to shed light on potential market movements, offering a roadmap for the 5th and final phase of the current bull market cycle, as per my expectations.
### **Historical Overview & Cycle Breakdown**
Historically, Bitcoin has exhibited well-defined market cycles consisting of accumulation, rapid growth, corrections, and subsequent recoveries. Each cycle presents unique behaviors influenced by macroeconomic factors, adoption rates, technological developments, and regulatory impacts.
**Key Phases Highlighted:**
1. **Accumulation Phase:**
This phase, often occurring during market lows, signifies periods of relatively low activity where investors accumulate Bitcoin at lower prices. It is marked by low volatility and slow upward movement.
2. **Expansion (Bull Run) Phase:**
Characterized by significant price growth, this phase attracts a surge of new investors and increased trading volume. Historically, it has ended with a parabolic price surge, as seen in prior cycles.
3. **Correction and Bear Market Phase:**
The market retraces following the explosive growth, leading to a prolonged downturn or 'crypto winter.' This phase often involves a return to support levels established in previous cycles, accompanied by investor uncertainty.
**Annotated Analysis:**
The attached chart illustrates these phases through visual annotations, showing multiple cycles and their respective movements. Each major bull and bear phase has been marked, alongside critical resistance and support levels that have influenced market sentiment over the years.
### **Current Bull Market Context**
**Expected 5th and Final Phase:**
The current bull market cycle appears to be entering its 5th and final phase, as marked on the chart. Key indicators leading to this projection include:
- **Momentum Analysis:**
Recent price movements suggest a steady upward trajectory indicative of a final parabolic surge before an anticipated correction.
- **Resistance Levels and Trendlines:**
The yellow horizontal lines represent critical resistance levels that Bitcoin must break to maintain its bullish momentum. Historical analysis suggests that each cycle typically ends near these zones, followed by corrections.
- **Macro Indicators and On-Chain Data:**
The green arrows highlight potential momentum shifts, emphasizing buyer activity and renewed confidence in the market.
### **Projections for the Final Phase**
Based on historical data and current market behavior, my analysis projects that the 5th phase will see a peak price surge, potentially reaching a new all-time high. However, this growth phase is expected to be followed by a significant correction, bringing Bitcoin prices back to key support levels outlined on the chart.
**Factors to Monitor:**
1. **Market Sentiment and News Events:**
External factors, including macroeconomic news, regulatory announcements, and institutional participation, can heavily influence price movements.
2. **Adoption Trends:**
Growing adoption and use cases for Bitcoin and blockchain technology could further propel the market upward during this phase.
3. **On-Chain Metrics:**
Metrics such as transaction volumes, wallet distributions, and miner activity should be monitored closely for shifts in market behavior.
### **Concluding Remarks**
This analysis aims to offer a comprehensive overview of market behavior, assisting community members in making informed decisions. While historical trends offer a glimpse into potential future movements, market conditions remain volatile. Therefore, cautious and strategic investment decisions are recommended as we enter this pivotal stage in Bitcoin's cycle.
---
**Disclaimer:** This report is intended for informational purposes only and should not be taken as financial advice. Cryptocurrency investments carry risk, and individuals should conduct their own research and consult with professional advisors before making investment decisions.
Is this Bitcoins Local TOP?I know you missed CRYPTOCAP:BTC and want to FOMO again.
You might have a great chance soon to make great gains with #Altcoins. If you will be patient and follow the plan.
Here is what I think will happen soon: 👇
The "OTHERS" indicator (top 100 alts, excluding the big 10) hit a weekly high in October—red line above 80. Since then, it’s been slowly trending down.
But the story isn’t over yet... 🚀
Numbers don’t lie. Just look at what played out during the same cycle phase last year: 👇
We’re in a nearly identical cycle now. You choose now.
#Altseason #AltcoinGems #Bitcoin #BTCUSDT #TradingView
Next target for Bitcoin BTC price is $110k but there is a nuanceCRYPTOCAP:BTC price has reached $90000 - this is something incredible, considering that just 8 years ago we were trading #BTCUSD for $900) X100 is easy money if you save it)
And the coolest thing is that this is just the beginning)
However, no one on our planet has yet canceled the effect of gravity so everything that takes off will be attracted to the ground
OKX:BTCUSDT price needs a correction, at least to $77-78k. And even more so, this correction is needed for altcoins, so that the “fresh” capital that entered the cryptocurrency market through #Bitcoin CRYPTOCAP:ETH CRYPTOCAP:SOL CRYPTOCAP:DOGE CRYPTOCAP:TON can flow into low-cap #Altcoins
It may hurt a little at first, but it will be pleasant later
Use the correction period to monitor altcoins very closely to determine which ones are being redeemed, where there is strength and support, and the greatest chance of further growth
Or follow us, we regularly give tips;)
Bitcoin/ USD (BITUSD)From the chart, it is clear that we are in wave (3) of a major degree and currently in wave 1 of wave (3). I believe wave 1 may conclude near the 100% or 123.6% levels, which are marked on the chart. As it has already breached the 61.8% level, it looks likely to cover the range of 100% to 123.6% in general. Then, we may see a retracement for wave 2 of a minor degree within wave 3 of the major degree.
Disclaimer : This analysis is for educational purposes only and does not constitute a buy or sell recommendation.
bearish set up on bitcoin Given the pattern and current market structure, there's a strong case for a short- term bearish scenario. However, if Bitcoin finds support and bounces at the key levels mentioned it could attract buyers and potentially reverse. For now, the focus remains oon the targets set for profit-taking on the downside. This corrective phase could provide good shorting opportinyties especially after the recent bullish rally.