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Bitcoinusd

Bitcoin - MORE INCREASE? Have to see THIS FIRSTBitcoin has been giving us some positive vibes as buying pressure shows up on lower timeframes. We've even managed to keep the price above $60k - an excellent sign of strength. However, before considering more upside there really is just ONE thing we need to see - higher lows. For as long as we are unable to breakout ABOVE the diagonal resistance zone, we'll just be stair stepping down into a slowburn, slow decline until point 4 is established and we're ready to complete the final impulse wave up (4-5). Making higher lows would result in prices back towards the upper 60's, with a successful retest of the neckline support. EXTRA FOR EXPERTS - Here's how to use the Bitcoin Dominance chart together with the Altcoin market chart to gauge the next direction of BTC: ______________________ BINANCE:BTCUSDT
by CryptoCheck-
3
Rising Bitcoin Addresses Signal Potential Market RecoveryThis chart shows the relationship between Bitcoin's price (in gray) and the number of new BTC addresses (in purple). Historically, the number of new addresses tends to increase ahead of major price peaks, which often serves as a leading indicator of the market’s upward momentum. Conversely, as price tops are reached, the number of new addresses typically begins to decline, signaling an impending price correction or market top. Key observations from the chart: Address Growth and Price Correlation: There is a clear correlation between the surge in new BTC addresses and the sharp price increases that precede each cycle's peak. In previous market cycles, as shown on the chart, a sustained rise in new addresses often leads to significant price appreciation. However, once the new address count peaks and starts declining, the market generally approaches a top, after which corrections follow. Current Trends: After a significant decline in both price and new addresses, we see that since June 2024, the number of new BTC addresses has started to rise again. This could indicate a potential recovery phase. The uptrend in new addresses suggests that interest in Bitcoin is growing, and this metric could signal the start of a new bull cycle, though we are still in the early stages. Looking Forward: The recent bottom in new addresses (marked within the red circle) and subsequent uptick since June could be seen as a positive indicator for potential future price increases. If this trend continues to rise, it could suggest that a broader market recovery is underway, with increased retail interest driving demand for Bitcoin. Investors may want to watch the behavior of new addresses closely, as any plateau or drop in the number of new addresses during a price surge could signal the nearing of a market top.
BITSTAMP:BTCUSDLong
by IntoTheBlock
BITCOIN - It's time to decide the directionThe situation at the moment is quite dubious, the price has been around the old ATH for six months now, I don't feel like saying that we are entering a bearish period for the simple fact that there has not been a violent rejection on the old ATH and I don't even feel like saying that the price action is bullish, because in this case the price, after closing above the old ATH would have used it as support and then continued upwards. Right now I'm just watching what happens
CRYPTO:BTCUSD
by MC_Capital_
4
Hellena | BITCOIN (4H): Long to resistance area 64879.Dear colleagues, after analyzing bitcoin I came to the conclusion that the price is in an upward impulse, but the correction “2” is not yet completed or almost completed. I believe that after reaching the area of 56398 the price will again rush in an upward movement with the goal of reaching the area of 64879 in wave “3”. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
BINANCE:BTCUSDLong
by Hellena_Trade
12
Bullish Bitcoin/Crypto and Bearish DXY Analysis In this scenario, a bearish DXY aligns with a bullish outlook for Bitcoin and the broader crypto market, which has historically shown an inverse correlation. Let's break down the analysis based on this perspective: 1. Bearish DXY Outlook Support Breakdown Risk: The DXY is currently sitting at the strong support zone between 100-102 (blue area). However, if the U.S. Dollar Index fails to hold this support and breaks downward, the next key level of support lies around 98, as indicated by the descending yellow diagonal arrow. A breakdown below 100 could accelerate the DXY's decline, signaling a bearish trend. Lower Highs and Potential Reversal: The overall trend shows the DXY making lower highs, and the potential move downward suggests weakening dollar strength, which is bearish for the DXY. Timing of Key Breakdown: If the DXY does not hold this support, the next major support line, marked for Mon 07 Oct 24, could come into play, driving the index lower toward 98. 2. Bullish Bitcoin and Crypto Market Inverse Correlation with DXY: Historically, Bitcoin and the crypto market have an inverse relationship with the DXY. When the U.S. dollar weakens (bearish DXY), capital tends to flow into risk assets like Bitcoin and other cryptocurrencies. Accumulation at Key Levels: As the DXY enters a bearish phase, Bitcoin’s price (blue line) shows strong upward momentum, with the potential for further gains. The green arrows highlight past instances where the DXY’s decline correlated with Bitcoin's strong bullish moves. The same pattern is projected now, with the blue arrow indicating a possible strong bullish leg for Bitcoin. Bitcoin Projection: With the DXY breaking below support and entering a bearish trend, Bitcoin could aim for new highs as investor sentiment shifts away from traditional safe-haven assets (like the U.S. dollar) and into riskier, high-reward assets such as crypto. Crypto Market Strength: A weakening dollar typically leads to increased interest in alternative assets, such as gold, Bitcoin, and other cryptocurrencies. As inflation concerns rise and the dollar loses strength, the crypto market becomes an attractive hedge, especially for institutional investors. 3. Long-Term Projection Bitcoin’s Upper Trendline: The chart shows a potential continuation of Bitcoin’s bullish rally if the DXY continues its decline. If Bitcoin follows historical trends, breaking through the current resistance levels, we could see significant price appreciation, pushing Bitcoin towards new highs. Altcoins Surge: As Bitcoin leads the charge, the broader crypto market typically follows. A bearish DXY could spur interest in altcoins, DeFi, NFTs, and other crypto sectors, as capital flows into the space looking for high returns amid a weakening U.S. dollar. Conclusion: Bearish DXY: If the DXY fails to hold support and moves lower, the U.S. dollar’s decline will be a strong catalyst for a bullish Bitcoin and broader crypto market rally. Bullish Crypto: This scenario points to a favorable environment for Bitcoin and altcoins, driven by weakening dollar strength and increasing interest in cryptocurrencies as an alternative asset class. Expect significant gains in Bitcoin and major crypto assets if the DXY breaks down from its current levels.
TVC:DXY
by Yassine_Houd
Is crypto preparing for a new surge!?Since March 2024, we've witnessed a significant decline in the cryptocurrency market. During this time, the price of Bitcoin (BTCUSD) has dropped by 20-30%, and many altcoins have lost 50-70%, retesting the lows of June 2022. Market participants, especially those who bought at March highs, are growing nervous, with many questioning the future of cryptocurrencies as an investment class. However, this correction is normal in terms of market cycles and historical metrics. Moreover, U.S. presidential candidates are using the crypto market as a key element of their campaigns. This could temporarily hold back crypto growth, allowing the winning candidate to claim future successes. Looking closer, several powerful factors are supporting the prospects of a crypto market rebound: Political context: The 2024 U.S. presidential election is in full swing, and both leading candidates are focusing on blockchain technology and cryptocurrencies. This creates a favorable environment for renewed interest in crypto as an investment tool. Campaign promises and discussions around supporting blockchain could stimulate interest among both private and institutional investors, potentially driving cryptocurrency growth. U.S. interest rate cuts: On September 18, the Federal Reserve lowered the key rate to a range of 4.75–5%, marking the first reduction since March 2020. This move aligns with market expectations but decreases the appeal of traditional financial instruments like bonds due to their lower yields. In such an environment, investors often seek higher-yielding assets, including cryptocurrencies. Bitcoin halving impact: One of the key events influencing Bitcoin's price is halving — the reduction in rewards for mining new blocks. The latest halving occurred in April 2024, and its effects typically appear within 5-8 months. Historically, halving creates a supply shortage, driving up Bitcoin prices. With Q4 2024 coinciding with this period, Bitcoin could surpass previous highs, potentially boosting other altcoins as well. FreshForex analysts believe the cryptocurrency market holds significant growth potential for the rest of the year, thanks to a combination of macroeconomic factors, political support, and the halving effect. The current correction is an excellent opportunity to enter the crypto market before the upcoming rally! Don’t miss your chance—trade and profit with us! At FreshForex, we offer trading accounts in 7 cryptocurrencies and over 70 crypto pairs with 1:100 leverage for 24/7 trading. Plus, get a 10% bonus on your balance with your first crypto deposit!
BITSTAMP:BTCUSDLong
by Fresh-Forexcast2004
Bitcoin BTC price is preparing for a “crazy” SeptemberIf we compare the stock market drops at August 05 and September 03, we can say that the crypto market is still holding up very well. But we shouldn't relax, because there are a lot of events coming up in September that will set the tone for the Autumn: 1️⃣ September 6 - data from the labor market. July 5 and August 5 were extremely volatile downward after the data release. Now the market interprets and considers the most important indicator of the health of the US economy to be not inflation but the number of jobs created. Based on this data, on August 5, the market plunged into a not so pleasant weekend when CRYPTOCAP:BTC went below $50K. 2️⃣11 September - publication of the CPI and inflation data in the United States. 3️⃣18 September - the results of the two-day Fed meeting, the announcement of a rate cut. It's elegant that this day is also a full moon, conspiracy theorists are on the base) 4️⃣20 September - a hat trick - a day when stock options, stock index futures, and stock index options expire on the same day. This happens only four times a year - on the third Friday of March, June, September, and December, which can lead to a sharp increase in trading volume and volatility. 🍿 Preparing popcorn and soothing valerian) And if you look closely, you can see how beautifully OKX:BTCUSDT price moves through white dynamic fibo channels, from border to border. So use this information to your advantage, with profit!)
by P_S_trade
2
BTC - TWO Theories - ELLIOT Wave vs FRACTALElliot Wave Theory is an absolute favorite of mine, combined with Wyckoff Method and chart analysis (trendlines and technical indicators). If you've been following; you'll know I've been speaking of a multi-month cycle, specifically a multi month corrective wave before the final impulse wave up (4-5). Considering we're still in that corrective phase, let's take a look at TWO options from here: Option 1 , is we retrace around -50%, same as last time. However, this would pose an issue - if we drop lower than (1), it invalidates the Elliot Wave Theory, and also invalidates the bullish cycle. The second problem, is that the previous cycle's increase (2-3) was MUCH bigger than the current 2-3 we are observing. This brings us to option 2. Option 2 , is that we retrace around the same ratio as the previous cycle. To calculate the ration, we need to see what % we retraced and compare it to the % increase. We increased 1533.92% (2-3)and retraced 55.25% (3-4). That means it's a 3.6% correction compared to the increase. For the current cycle, we increased 357.27% (2-3) and retraced 33.76% (3-4). This gives us a 9,45% correction - three times as much as the previous cycle. You can take this two ways - either we're following a 50% correction, OR we're not falling lower than the current point 4 which is around $49K. Share your thoughts! ____________________________________ BINANCE:BTCUSDT
Short
by CryptoCheck-
The Bullrun is imminent.Evening folks. Mastershark here . Market specially altcoins ugly but we are getting to the end of red days very quickly. As you see we’re in a descending channel, right now we still holding monthly support ( which I indicated in orange) and we’re holding super trend in daily , this situation is very reminiscent of 25 k , some other factors help get to decide that this is the bottom and I upload two charts of usdt tonight . There is total charts and dominances as well if you scroll through my analysis. In my opinion bullrun is very close and can start in very moment ( middle support of the pitch fork ) or in the worst case bottom of the channel which is unlikely based on the altcoins situation. Stay safe fam
INDEX:BTCUSD
by mastershark
BTC turns bearish might test 54k...Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. BTC is in the daily down channel as mentioned last week. My thoughts was that it could be testing its channel high. But monday's move didnt show any signal for me to go on long. And after, the rest of the down move is history. Looking at the PA now..it seems that if weakness comes in, it could be testing 54k...Let's see Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
ICMARKETS:BTCUSD
by Shadowing_The_Big_Boys
Friday Market Update - $IBIT, $BTC, $DXY and $SOL ForecastHere's a quick update to the video I posted last week showing a final unfilled Gap on the 4-Hour NASDAQ:IBIT likely pushing price down (We're NOT sure yet how this is correlated, other than the BIG money is playing with Options / Futures and now the NASDAQ:IBIT , which makes Bitcoin a Wall Street product now essentially. My targets on Bitcoin now are $57k and I'm thinking we may even see a 'news driven' selloff to the $50k - GETTEX:52K range into our buy blocks as shown here. "Show me the charts, I'll tell you the news" is one of my mantras, and with everyone thinking we go higher here, I'm thinking we have one more shakeout to wipe out some longs. Last week a well-known short posted that he 'gave in and the Bulls Win' showing his $2.5M loss. Think the games are over? I think not. So I'm mostly out of the market, holding some SOL and planning to DCA buy lower at levens I mention in the video. I also dicuss the DXY bounce, Total Market Cap, and why this weekly candle close is important. Apologies -- the recording stopped when I tried to update one of my alerts, and I have a Labor Day party to finish planning so no time to-record it. Have a great weekend everyone, and let's see what Tuesday brings when the big Wall Street traders get back from summer vacation and start putting wall-street money to work.
INDEX:BTCUSDShort
by BrettFogle
Bitcoin Rallies as Fed Chair Jerome Powell Signals Rate CutsBitcoin’s price surged on Friday following a pivotal announcement from Federal Reserve Chairman Jerome Powell, signaling that interest rate cuts are on the horizon. The cryptocurrency market, which often reacts strongly to shifts in U.S. monetary policy, responded with a 1.8% rise in Bitcoin's price, pushing it to $61,500. At one point, Bitcoin even briefly surpassed the $62,000 mark, underscoring the market's sensitivity to macroeconomic signals. Fed's Rate Cut Signal Sparks Optimism in Crypto Markets During his keynote address at the Jackson Hole Economic Policy Symposium, Powell indicated that the time had come for the Federal Reserve to adjust its monetary policy. This statement has been widely interpreted as a clear signal that the Fed is preparing to cut interest rates in the near future. Powell emphasized that the "direction of travel is clear," and that the timing and magnitude of rate cuts will be data-dependent. The anticipation of rate cuts has fueled optimism across financial markets, particularly in risk-on assets like cryptocurrencies. Bitcoin ( CRYPTOCAP:BTC ), often seen as a hedge against inflation and economic instability, has historically benefited from lower interest rates, which reduce the cost of borrowing and encourage investment in alternative assets. Market Reactions: Bitcoin and Altcoins on the Rise In addition to Bitcoin's rise, other major cryptocurrencies also saw gains. Ethereum climbed 2.7% to $2,675, while Solana increased by 2.1% to $145. This broad-based rally highlights the positive sentiment permeating the crypto market as traders adjust their positions in anticipation of more favorable economic conditions. As of this writing, traders are placing a 67% probability on a 0.25% rate cut by the Fed in September, with a 32% chance of a more aggressive 0.50% cut. This shift in expectations has been driven by the Fed's assessment of cooling inflation, now at 2.9%, and rising concerns about labor market weakness, with unemployment creeping up to 4.3%. Technical Analysis: Bitcoin's Path Forward From a technical standpoint, Bitcoin's ( CRYPTOCAP:BTC ) recent price action reflects growing bullish momentum. The cryptocurrency has established key support at $60,000, a psychologically important level that has previously acted as both resistance and support. Should Bitcoin ( CRYPTOCAP:BTC ) maintain its upward trajectory, the next significant resistance level to watch is around $65,000. Bitcoin's Relative Strength Index (RSI), a momentum oscillator that measures the speed and change of price movements, currently sits near 60. This suggests that while Bitcoin is gaining strength, it is not yet in overbought territory, leaving room for further upward movement. Additionally, Bitcoin's trading volume has seen an uptick, indicating increased market participation and interest at current price levels. On the downside, traders should keep an eye on the $60,000 support level. A break below this level could signal a potential reversal, with the next major support around $58,000. However, given the current macroeconomic environment and the positive sentiment following Powell's remarks, the likelihood of a sustained downturn seems limited in the short term. Broader Implications: What Powell’s Statement Means for Bitcoin ( CRYPTOCAP:BTC ) Powell's comments come at a critical time for the Federal Reserve, which has been balancing the need to curb inflation against the risk of stifling economic growth. By signaling a move towards rate cuts, the Fed is acknowledging the need to support the economy amid rising concerns about employment and slowing growth. For Bitcoin ( CRYPTOCAP:BTC ) and the broader cryptocurrency market, this shift could herald a period of sustained bullishness. Lower interest rates typically lead to a weaker dollar, which can drive up demand for alternative stores of value like Bitcoin. Moreover, with borrowing costs set to decrease, investors may be more inclined to allocate capital to higher-risk, higher-reward assets like cryptocurrencies. Conclusion: Bitcoin’s Bullish Outlook In conclusion, Bitcoin's recent price surge is a direct response to growing expectations of imminent rate cuts by the Federal Reserve. With key technical indicators pointing to further upside potential and the macroeconomic environment turning more favorable, Bitcoin appears well-positioned to continue its rally. However, traders should remain vigilant, as market conditions can shift rapidly based on new economic data and developments in Fed policy. As we move closer to the Fed’s next meeting, all eyes will be on incoming economic data and further statements from Powell and other Fed officials. In the meantime, Bitcoin’s resilience and adaptability in the face of shifting monetary policy continue to make it a compelling asset for investors seeking both growth and diversification in their portfolios.
Long
by DEXWireNews