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80k - 82k might be the next stop for BTC!Hello TradingView Family / Fellow Traders, 📦 From a macro perspective, BTC has been trading within the large channel highlighted in orange. The upper boundary of the channel intersects with the 80k round-number zone, which could serve as a strong area for the bears to initiate a correction. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
28
Bitcoin Where Next?As of November 8, 2024 , Bitcoin (BTC) is trading at $74,120.87 , reflecting a 24-hour trading volume of $105.81 billion. Our proprietary W.ARITAs algorithm has identified a pattern in Bitcoin's price movements that closely mirrors historical trends observed between April 8, 2020 , and January 7, 2021 . This historical pattern began with a significant price surge in April 2020 , following the announcement of the third Bitcoin halving event, which reduced the mining reward and increased scarcity. This event was a catalyst for a bullish trend that culminated in an all-time high (ATH) in January 2021 . Similarly, on March 9, 2024 , Bitcoin experienced a notable price increase, coinciding with the anticipation of the fourth halving event scheduled for April 19, 2024 . Historically, halving events have led to substantial price appreciations due to the reduced supply of new Bitcoins entering the market. Our analysis indicates that the current pattern, which commenced on March 9, 2024 , is expected to complete its formation by December 12, 2024 . Based on this pattern and historical precedents, we anticipate that Bitcoin will surpass its previous ATH resistance level of by the end of this year. It's important to note that after reaching the ATH in January 2021 , Bitcoin experienced a significant price correction. This downturn was influenced by various factors, including profit-taking by investors and regulatory concerns. In conclusion, while historical patterns and upcoming events like the halving suggest a bullish outlook for Bitcoin, investors should remain vigilant and consider potential market corrections. Continuous monitoring of market developments and regulatory news is essential for informed decision-making. Disclaimer: This analysis is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency investments carry significant risk, and past performance is not indicative of future results. Please consult with a financial advisor to assess your individual risk tolerance and objectives before making any investment decisions.
COINBASE:BTCUSDLong
by insidermike
BTC, Beware of RISKY zoneThe ETF approval has generated considerable upward momentum, with Bitcoin's price rising as investors speculated on its future demand. The U.S. election cycle is also in focus, as it could bring regulatory shifts that impact the cryptocurrency industry, making market participants cautiously optimistic. However, despite the recent rally, Bitcoin has entered what many analysts consider a " risky zone " ~76k . Current price levels, fueled by speculation, are sensitive to sudden shifts in market sentiment or regulatory announcements. The anticipated ETF decision could face delays or even rejections, which would likely trigger a price correction. Additionally, the volatile macroeconomic landscape—characterized by interest rate fluctuations and global financial uncertainties—further heightens risk, with many investors wondering if the market has overextended itself. This scenario could be the same as previous one when BTC first time touch ATH at ~73k. An idea was post to warning about FOMO zone . Therefore, while Bitcoin's growth is promising, now is a critical time for investors to manage risk carefully. Rather than buying or going long at these elevated levels, it may be wise to adopt a cautious approach. For investors holding Bitcoin, implementing stop-loss orders or taking partial profits could help mitigate potential downsides. The uncertain regulatory environment, coupled with Bitcoin's inherent price volatility, underscores the need for caution. In short, while the long-term outlook for Bitcoin remains favorable to many, the current environment demands disciplined risk management to navigate this period of heightened uncertainty.
Short
by steadforwardx
1
Bitcoin is Ready for Correction==>>Short term!!!Bitcoin ( BINANCE:BTCUSDT ) is moving in an ascending channel in the 15-minute time frame, and we can also see another ascending channel in the 1-hour time frame . Currently, Bitcoin is moving near the upper line of the ascending channel(Big) and Potential Reversal Zone(PRZ) . According to Elliott's wave theory , Bitcoin seems to be completing the main wave 5 . I expect Bitcoin to decline to at least the Support zone($75,400-$75,000) and the lower line of the ascending channel(Small) after the completion of the main wave 5 . Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
24
Bitcoin Price Set for Rally as Falling Wedge Pattern Conforms In the latest bullish developments for Bitcoin ( CRYPTOCAP:BTC ), the accumulation of $145 million in BTC by new wallets is driving market optimism, suggesting an impending rally. This fresh wave of buying has coincided with a technical breakout, solidifying sentiment that BTC could potentially soar to $100,000 by the end of the year. Here’s a deep dive into the technical and fundamental factors fueling this optimism. Fresh Wallets Signal Strong Bullish Sentiment According to a recent report from Lookonchain, 10 new wallets have collectively accumulated 1,910 BTC, valued at approximately $145 million, from the crypto exchange Binance. This massive purchase not only highlights heightened demand from high-net-worth investors but also signals broader market confidence. On-chain data shows a parallel drop in BTC exchange reserves, reflecting strong accumulation patterns—a bullish indicator that demand is outpacing supply. This buying spree comes as the crypto market enjoys a wave of institutional interest, partly driven by recent inflows into Bitcoin exchange-traded funds (ETFs). Notably, Farside Investors reported that the US Spot Bitcoin ETF saw over $1 billion in inflows on November 7, marking a record since its inception in January. BlackRock’s BTC ETF accounted for $1.11 billion of this influx, underscoring increasing institutional faith in BTC as a long-term investment. Macro Environment Following Donald Trump’s recent victory in the U.S. presidential election, hopes are rising for a favorable regulatory landscape. With his support for Bitcoin and digital assets, Trump’s administration could be instrumental in shaping clear regulations, which would benefit the broader crypto market. This political shift has sparked optimism, as it aligns with heightened activity from whales and institutional players who are eyeing BTC’s potential to reach new highs. Technical Analysis On the technical front, Bitcoin ( CRYPTOCAP:BTC ) has confirmed a falling wedge pattern, a formation typically associated with bullish reversals. This pattern suggests that CRYPTOCAP:BTC may break out to higher levels, with many analysts eyeing $100,000 as a near-term target, potentially by the end of 2024. At the time of analysis, CRYPTOCAP:BTC is trading around $76,209, up 1.6% from the previous day, with an all-time high (ATH) of $76,943 reached in the last 24 hours. Notably, the Relative Strength Index (RSI) currently sits at 66—approaching the overbought territory—indicating strong upward momentum. Additionally, a doji candlestick pattern on the chart reflects indecision in the market; however, this is often followed by a breakout, particularly in an established bullish trend like the one BTC is in now. Further strengthening the outlook is the potential formation of a golden cross, where Bitcoin’s moving averages (MA) have crossed above each other, historically a powerful bullish signal. This pattern, combined with increased whale activity and institutional inflows, paints a promising picture for BTC in the short and long term. Market Sentiment and Price Predictions Current trends and market sentiment are highly favorable for BTC. If BTC can maintain its crucial support level of $71,489, analysts expect it could rally to $80,000 in the coming weeks. Some even project a target of $88,000 by the end of November, bolstered by the steady increase in BTC Futures Open Interest, which has risen 1.7% in the last 24 hours. This rise in open interest is another indicator of strong market confidence. However, the recent surge has brought sharp volatility into focus. While the rally is expected to continue, investors should remain cautious, as significant price increases can lead to profit-taking, which may result in price corrections. Economic Indicators and Future Outlook Upcoming U.S. inflation data, including the Consumer Price Index (CPI) and Producer Price Index (PPI), may influence market sentiment. Positive inflation data could create further tailwinds for BTC by reinforcing its role as a hedge against inflation. Furthermore, political support from Trump’s administration is expected to provide a regulatory boost, potentially fostering a more robust digital assets market in the U.S. Conclusion With technical indicators aligning with strong fundamental factors, Bitcoin ( CRYPTOCAP:BTC ) appears poised for a substantial rally. The recent accumulation by new wallets, coupled with favorable macroeconomic conditions and strong institutional support, sets the stage for CRYPTOCAP:BTC to potentially reach the highly anticipated $100,000 milestone. As always, investors are advised to monitor the market closely, as rapid price changes can trigger volatility. Yet, the ongoing surge in institutional interest, whale activity, and positive regulatory developments suggest that CRYPTOCAP:BTC could be on the brink of a historic rally.
BINANCE:BTCUSDLong
by DEXWireNews
3
BTC BULL CASE 07/11/2024📉 BTC/USDT Update 📉 The current 5-wave upward pattern appears to be complete, and the presence of bearish divergences on the 15-minute, 1-hour, and 4-hour timeframes indicates a likely downward correction. Additionally, the declining volume supports this outlook, suggesting potential weakness in the upward momentum. 🔸 Confirmation Level: A break below $75,600 would confirm the start of a corrective move. 🔸 Target Zones: Initial Support: $72,000 - $71,700 Deeper Support: 0.61-0.7 Fibonacci levels, around $70,800 - $69,800 If BTC holds these levels, a rebound could take the price toward $82,000 - $85,000, indicating the continuation of the bullish trend. However, a break below $66,000 would mark a bearish shift, opening the door to potential targets in the $44,000 - $37,000 range. Disclaimer: ⚠️ This is not financial advice! All information provided is for educational purposes only. Always conduct your own research before making any investment decisions. Trading carries a high risk and may result in the loss of capital
COINBASE:BTCUSD
by RhinoAkaBear
Bitcoin Rips to $76,000 on Trump Pump. Can It Hit $100,000 Next?Bitcoin BTC/USD was fully onboard with Donald Trump’s race to the White House. With much fanfare and celebration, the orange coin crossed $76,000 to hit a new record as the former President clinched the top spot in American politics in a stunning comeback, defeating Democrat Kamala Harris. So, what’s with that big surge and what can you expect ahead for the crypto industry under a Trump presidency? Let’s find out. Bitcoin BTC/USD , the original cryptocurrency, is in full beast mode now that former President Donald Trump has defeated Vice President Kamala Harris to win the White House. The price of Bitcoin rocketed to the rarefied air of $76,000 on Wednesday, gaining more than 9% on the day and catapulting its valuation to a record $1.5 trillion. Bitcoin has been a centerpiece in Donald Trump’s campaigning efforts. It’s part technology, part investment — two things Trump loves and embraces. In fact, he seems enamored with the coin and went the extra mile for it. Not only has he reiterated his support for the crypto industry, but has vowed to make the US “the Bitcoin superpower of the world” and the “crypto capital of the world.” Big-shot crypto players, such as Andreessen Horowitz and Gemini founders the Winklevoss twins are cheering Trump’s victory after they had endorsed him and spent lavishly on his campaign and on promoting pro-crypto candidates for Congress. “We are on the brink of a new American Renaissance,” said Tyler Winklevoss in a post on X . “The crypto army is striking!” Brian Armstrong, CEO of Coinbase COIN , also praised Trump’s election win. “Welcome to the new members of America's most pro-crypto Congress ever…” the crypto exchange boss said on X . “219+ pro-crypto candidates and counting have now been elected to the House & Senate.” “Tonight the crypto voter has spoken decisively.” Hopes are high now and the agenda is already looking busy. Overjoyed crypto circles expect three main things from Trump: 1) To pass crypto-friendly laws and regulations that will help propel the industry ahead of its foreign competitors (China and Russia, mostly) in terms of business, mining and trading. 2) To fire Securities and Exchange Commission Chairman Gary Gensler “on day one.” Gensler is seen as a villain to the broader adoption of crypto both on Wall Street and in general. During Gensler’s tenure, the SEC has chased down crypto exchanges, such as Coinbase, Kraken and Crypto.com with more than 100 lawsuits. 3) To create a Bitcoin strategic reserve — a lofty ambition, which will make sure the US government never sells its Bitcoin (currently the US holds roughly 200,000 BTC). More on this below. There’s already a bill introduced by Sen. Cynthia Lummis (R–Wyo.) to whip up a reserve with a target of 1 million Bitcoin over five years (200,000 BTC a year). “For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your bitcoin,” Trump has said during a campaign speech. “If I am elected, it will be the policy of my administration, United States of America, to keep 100% of all the Bitcoin the US government currently holds or acquires into the future,” he said. Currently, the government every now and then auctions off its Bitcoin, which has been seized from criminals. With that in mind, how is Trump and the Republicans broadly going to approach the next four years? In short: Pro-business Pro-growth Light regulations Low taxes Or, as Tesla TSLA CEO and vocal Trump backer Elon Musk expects, "The future is gonna be so 🔥" Besides Bitcoin, how did the result of Election Day bump up other digital assets and crypto stocks? Ethereum ETHUSD , the second-largest coin, got a 10% boost to its price, going over $2,800 a piece. Solana SOLUSD , an Ethereum rival, pumped to levels above $190 from under $170. Dogecoin DOGEUSD , the Shiba Inu-themed coin beloved by Musk, surged more than 30% in volatile trading and crossed 21 cents before paring back some of the gains to slide under the 20-cent threshold. In general, it was a good day for cryptocurrency markets . Crypto stocks reacted with a sharp dash to higher grounds as well. Crypto exchange Coinbase COIN pumped 31% to notch its best day ever . Bitcoin-hoarding software firm MicroStrategy MSTR surged 13%, lifting its year-to-day gains to a whopping 276% increase. Crypto miners’ stocks also participated in the rally. Riot Platforms RIOT gained 26% on the day, followed by Marathon Digital’s MARA 19% increase. Another Bitcoin miner, Core Scientific CORZ , closed up by 10% on the day. Over to the exchange-traded fund space. The burgeoning crypto ETF space turned up some impressive figures. The pack of 11 spot Bitcoin ETFs collectively pulled in $612 million of net new money on Wednesday. The spot Bitcoin investment vehicles now command $26 billion in assets under management. Ethereum ETFs, a bundle of 9 , picked up $52 million of daily net inflows, bringing the total amount of investments to $1.35 billion. With that said, were you brave enough to chip in before the big Election Day? And do you think the door to $100,000 is now wide open? Drop your thoughts below and let’s whip up the discussion!
BITSTAMP:BTCUSD
by TradingView
26
Bitcoin - Fractals and PerspectivesThe willingness to learn, however, changes everything. Active traders treat market analysis with an open attitude and they are interested in learning how to analyze the market structure. They combine concepts such as trends, patterns, and support and resistance to actively improve their analysis and trading skills. These traders are real manual traders. This article is intended for those in the latter group, the learners and active traders. We will explain how you can understand the market with more clarity. The Market is Fractal of Nature Does the market move erratically? Or is there an order behind the chaos? According to the Chaos Theory, the apparent randomness of chaotic complex systems depend on their initial conditions. The concept is not that complicated as it seems: basically the ‘chaotic’ behavior is really not as chaotic as it seems. Simply said, there are underlying patterns that repeat in a similar way on all scales. This phenomenon can be seen in both natural systems, like weather and climate, and artificial elements like road traffic and economics. And yes, this includes the financial markets in general. The market is Fractal in nature, which means that similar price patterns repeat on all time frames. So I started researching fractals a few years ago. Many fractals have worked out, in some cases partially worked out, the study is a process of learning and growth. I want to share it with you today. Why it works I have already said in previous posts - because all the same asset managers all the same algorithms all the same emotions and all the same actions people make in this or that situation. The nature of human behavior cannot be deceived. that's why fractals repeat themselves. I have selected all the structures of reversal and further perspectives of charts The main indicators : 1. this is the formation of the bottom 2. Holding levels 3. Formation of a horizontal strong level and its breakdown That's all bitcoin has done in the last year. What's next? Statistics I found only one fractal after which we update the bottom. No rolling growth 4 fractals And most of them are 20-40 sideways and up. All fractals are below. These are all the fractals I want to share with you. Best Regards EXCAVO
BITSTAMP:BTCUSDLong
by EXCAVO
43
BTC, S&P, USD: Market react to trump victory Former President Donald Trump claimed a sweeping victory over Vice President Kamala Harris in the 2024 presidential race. As a result, the U.S. stock market surged, with Tesla, banks, and bitcoin all charging higher. Trump’s pledge to slash the corporate tax rate to 15% from 21% could lift S&P 500 earnings by roughly 4%, according to projections from Goldman Sachs. The dollar index climbed more than 2%, topping 105 for the first time in four months, as markets priced in a stronger greenback under a Trump administration. Investors anticipate his policies will fuel inflation, which would pressure the Federal Reserve to maintain elevated interest rates to prevent an overheated economy. Bitcoin hit record highs as well, boosted by Trump’s campaign promise to champion cryptocurrency. Bitcoin surged to an all-time high on Wednesday, spurred by expectations of a favorable regulatory environment. How much of Trump’s agenda will become reality remains to be seen, with Republicans’ control of Congress yet undecided.
BLACKBULL:BTCUSD
by BlackBull_Markets
BTC - Market Structure 101!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. The BTC market structure has been very clean lately, which I find interesting. 📉Previously, after breaking below the last major lows (marked in red), BTC dipped. 📈Similarly, after breaking above the last major highs (marked in blue), BTC surged. 🔄If history repeats itself, and the current last major low marked in red is broken to the downside, we can expect another dip in BTC towards the $69,000 - $70,000 demand zone. Meanwhile, as long as the current minor low in red holds, BTC would be overall bullish short-term and further upside is expected. 🕝What do you think? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
3
BTC Reaches New All-Time High as U.S. Election Excitement SpikesBitcoin ( CRYPTOCAP:BTC ) has surged to record-breaking highs, exceeding the $73,800 mark on November 6, driven by growing excitement surrounding the U.S. presidential election. The cryptocurrency experienced a robust 8.63% gain over the past 24 hours, briefly touching $75,011.06, as per CoinMarketCap data. This rally marks a pivotal moment for Bitcoin ( CRYPTOCAP:BTC ), reflecting both fundamental shifts and robust technical momentum. Election-Driven Momentum and Investor Sentiment The U.S. election has played a significant role in this surge, with Bitcoin’s price mirroring heightened market anticipation. During early New York trading hours, CRYPTOCAP:BTC climbed more than 3%, hitting $70,577. We attribute this performance to political forecasts, many of which favor Republican candidate Donald Trump. On decentralized prediction platforms like Polymarket, Trump's odds of victory surged past 60%, driving speculative interest in risk assets like Bitcoin. Investor sentiment also appears split amid this rally. Prediction markets have become a focal point for traders eyeing short-term price shifts, and a boost in Trump’s winning odds correlated directly with Bitcoin's breach of the $70,000 threshold. However, uncertainty persists: major Bitcoin spot ETFs, including Fidelity and Ark Invest, have seen outflows totaling $541.1 million, while BlackRock's IBIT ETF stood out with $38.3 million in inflows. Technical Analysis From a technical perspective, Bitcoin ( CRYPTOCAP:BTC ) exhibits strong upward momentum. The Relative Strength Index (RSI) sits at 67.76, indicating that CRYPTOCAP:BTC is nearing overbought territory but still has room for further gains before reaching extreme levels. Moreover, a bullish crossover has occurred: the 9-day moving average has risen above the 21-day moving average, signaling sustained bullish sentiment. Support levels also highlight the strength of Bitcoin's price action. BTC’s current support at $69,000 has been tested multiple times, acting as a reliable floor for price movements. If Bitcoin were to pull back, analysts identify $64,000 as the next critical support level. On the upside, resistance at $75,000 is significant, but breaking past this barrier could propel CRYPTOCAP:BTC to a target range between $80,000 and $85,000, setting new benchmarks for price stability. Fundamental Factors: Halving and ETF Developments Bitcoin’s impressive rally builds on fundamental developments, including the April 2024 halving, when mining rewards were reduced from 6.25 BTC to 3.125 BTC. Historically, halvings have constrained Bitcoin's supply, often triggering significant price appreciation. This year’s halving has once again underscored Bitcoin's deflationary nature, contributing to its ongoing seven-month upward trend. Additionally, the emergence of U.S. Bitcoin spot ETFs has catalyzed further interest in the cryptocurrency market. Since their debut in January, these ETFs have amassed over $450 billion in daily trading volume, with inflows reaching $22.5 billion in 2024. Nevertheless, ETF performance has shown mixed signals. Notably, on November 5, U.S. spot Bitcoin ETFs experienced net outflows of $72.67 million, marking a three-day streak. Fidelity’s FTBC ETF recorded a substantial single-day outflow of $68.24 million, suggesting some investors remain cautious. Options Market Insights and Leverage Risks The options market reveals bullish sentiment for key November dates, with many traders targeting price levels between $72,000 and $75,000. However, caution is also evident, as one trader placed $64,000 worth of put options, hedging against potential downside risk. The stakes are high, as CoinGlass data indicates a price drop below $68,000 could liquidate roughly $484 million in long positions. Conversely, a breakout above current levels may trigger forced liquidations of $215 million in short positions, underscoring the volatility driven by leveraged trading. Leverage plays a crucial role in Bitcoin's market dynamics. Should BTC’s price move sharply, liquidation cascades could amplify price swings, heightening market turbulence. This setup remains a double-edged sword, promising either rapid gains or significant losses for traders. Conclusion Bitcoin's ascent past $75,000 showcases its resilience as a digital asset, bolstered by election-driven sentiment, favorable technical indicators, and a foundation of growing institutional adoption. While uncertainties surrounding the U.S. election outcome and ETF flows present risks, Bitcoin’s robust support levels and bullish momentum signal a promising outlook. As market participants watch for the next breakout, CRYPTOCAP:BTC remains a focal point in the ever-evolving digital economy.
COINBASE:BTCUSDLong
by DEXWireNews
2
Bitcoin's Fate: Harris or Trump? / 19Days left for BTCBINANCE:BTCUSDT COINBASE:BTCUSD Hello Traders. With the 2024 election around the corner, Bitcoin's future is uncertain. If Kamala Harris wins, expect tougher regulations, potentially slowing down crypto growth. Meanwhile, a Trump win could bring a looser regulatory stance, possibly spurring Bitcoin's rise despite his personal dislike for it. As the U.S. prepares to choose its next leader, Bitcoin investors are left wondering: which path will shape crypto's destiny? 📈Which side you pick? Bull or Bear SL1 ---> Low-risk status: 3x-4x Leverage SL2 ---> Mid-risk status: 5x-8x Leverage (If there is just one SL on the chart, I suggest, low risk status) 👾Note: The setup is active but expect the uncertain phase as well. Also movement lines drawn to predict future price reactions are relative and approximate. ➡️Entry Area: Yellow zone ⚡️TP: 74,320 80,750 89,423 🔴SL: 54,384 🧐The Alternate scenario: If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS
7
What reaction does the market have to the elections?The price managed to break the wedge in the one-hour time frame, and this is very good. The price can rise again to 71k dollars or even more with a little correction. Now we have to wait for the results of the US elections, which have a significant impact on this market. In the current scenario, with the US elections being so close, there's a lot of uncertainty, which can lead to increased market volatility. Investors are closely watching the candidates' stances on key issues like trade policies, taxes, and regulation, as these will have significant implications for various sectors. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
5
Trump is another name for #bitcoin's parabolic movements!🟢#Trump’s influence, especially in 2016, created a huge shift in the political arena, and this increased people’s interest in alternative financial systems like #Bitcoin. 🟢2016 was a time when Bitcoin started to be noticed by the wider public. 🟢Now, with Trump’s return, there will be a similar wave of excitement in CRYPTOCAP:BTC and the crypto markets. 🟢Interest in assets like #BTC will increase, especially when there is a lack of trust in traditional economic systems or a search for alternative solutions.
INDEX:BTCUSD
by EtherNasyonaL