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Bitcoin - When will Bitcoin go to price correction?!Bitcoin is above the EMA50 and EMA200 on the daily timeframe and is trading in its ascending channel. Risk ON sentiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement. We will look for bitcoin selling positions in the range of the channel ceiling (weekly). Capital withdrawals from Bitcoin ETFs or risk OF sentiment in the US stock market will pave the way for Bitcoin to decline. Bitcoin buying positions can be looked for in the two specified demand zones. It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important. US Spot Bitcoin ETFs • Performance Last Week: • During the first three trading days, US spot Bitcoin ETFs experienced substantial capital inflows, starting with a $1.11 billion inflow on the first day. • However, in the last two trading days, the ETFs faced capital outflows of $400 million and $370 million, respectively. • Weekly Summary: Overall, the ETFs recorded a net capital inflow of $1.67 billion for the week, marking a positive performance. Crypto Market Liquidations • Coinglass Data: • Over the past 24 hours, due to market volatility, more than 101,000 traders were liquidated, resulting in a total liquidation value of $231 million. • This significant figure highlights the impact of recent market fluctuations on crypto traders. Credit Agricole’s Analysis of the US Dollar • Future of the Dollar: • Unlike the 2018 rally driven by Trump-era policies, Credit Agricole argues that 2025 will not see a repeat of the same trend. • Reasons: • Current economic conditions differ significantly from 2018. • Monetary policies and the dollar’s current strength indicate that the dynamics driving the dollar’s movements have shifted. Robert F. Kennedy Jr. on Bitcoin • Bitcoin as the “Currency of Freedom”: • Robert F. Kennedy Jr., former Secretary of Health under Trump, described Bitcoin as a tool for protecting the middle class from inflation and a solution to counter the devaluation of the dollar. • He also highlighted Bitcoin’s potential role in addressing America’s crippling national debt, emphasizing its importance in the country’s economic future. Declining Correlation Between Bitcoin and Gold • The correlation between Bitcoin and gold has dropped to its lowest point in 11 months. • James Stanley, Chief Market Strategist at Forex.com: • Gold has recently reached an overbought status, and its price correction is reasonable. • Investor Focus on Bitcoin: As Bitcoin approaches the $100,000 threshold, gold may regain investor appeal, especially near critical support levels.
COINBASE:BTCUSDLong
by Ali_PSND
3
$BTC - Wyckoff Accumulation Schematic Model #2Bitcoin is possibly in Phase C of Wyckoff Accumulation Schematic Model #2 Wyckoff Accumulation Schematic Model #2 describes a market phase where accumulation occurs before a significant upward trend. This model is often used to identify potential reversals and entry points, particularly in a downtrend that shows signs of accumulation. Here’s a breakdown of the stages and key components in Schematic Model #2: Phase A: Stopping the Downtrend -Preliminary Support (PS): First sign of buying interest that slows the downtrend. Volume increases slightly as buyers step in. - Selling Climax (SC): The price experiences a sharp decline, reaching an extreme low with high volume. This often marks the lowest point of the downtrend. - Automatic Rally (AR): After the SC, the price rebounds due to reduced selling pressure and some buying interest. The high of this rally defines the upper range of accumulation. - Secondary Test (ST): Price revisits the SC area to test supply, often with lower volume than during the SC. This validates that selling pressure has weakened. Phase B: Building a Cause - Phase B involves a prolonged consolidation phase. It acts as a "cause" that fuels the future uptrend. - Multiple Tests and Shakeouts: Within this phase, the price may test both the upper and lower boundaries several times. These tests show attempts to trap weak hands. - Sign of Strength (SOS) and Minor Back-Up (LPSY): As Phase B progresses, price action becomes tighter, indicating stronger buying interest at higher lows. Phase C: The Spring - Spring or Shakeout: Price temporarily dips below the support level established by the SC and ST. This move is designed to flush out remaining sellers and weak holders. - Test of Supply: Following the Spring, the price should test the previous support level but with low volume, indicating minimal selling pressure. This test confirms the spring’s effectiveness in absorbing supply. Phase D: The Markup Phase - Sign of Strength (SOS): Price rallies with increasing volume, breaking above the AR and ST levels, signaling accumulation completion. - Last Point of Support (LPS): After the breakout, the price may pull back briefly to test the former resistance (now support). These points are often low-risk entries. - Higher Highs and Higher Lows: Confirm the beginning of a new uptrend. Phase E: The Uptrend - Markup Phase: The price enters a sustained uptrend, often breaking previous resistance levels and forming higher highs. - Continuation of the Rally: This phase is characterized by strong demand and may continue until the distribution phase begins. Wyckoff's Accumulation Schematic #2 is commonly seen in longer consolidations and is effective for identifying potential reversals. This schematic differs from Schematic #1 mainly in the presence of a Spring, which is more aggressive and serves as a key entry confirmation.
by Tealstreet
High Potenzial Invest Flow/EurAfter years and month of downtrend, now the important volume comes in and also the trendline broke through with this massiv volumen. In my eyes a no brainer, now investing some money and in the next month to years in combination with the industry / german / europe crisis it´s a very good way to diversify your money. The potenzial is up to x 40 maybe a new higher high x 70, but with a easy attitude and a realistic mind first realization from x8 - x10 because the volatility of crypto assets and then buying back with cost average. gl & hf
Long
by dipl_ing
CLV: Explosive Opportunity – Don’t Miss the Pump!We’re aiming for $2, and the goal is clear: CLV is about to take off, and the move could happen at any moment. Telegram, Reddit, and Discord pump groups are already preparing for the next big boom, and we’re giving you a heads-up so you don’t miss out. Why bet on CLV now? The token has an extremely low market cap, making it the perfect candidate for a sudden breakout. With so much untapped potential, CLV can easily surpass $1 billion in market value. This week alone, we’ve seen several meme tokens hit billions, and now it’s CLV’s turn. The setup is ready, and the next big move is being planned. Immediate action is key: Don’t miss this once-in-a-lifetime opportunity. Jump in now, load up your bag, and get ready for the pump. The plans are already in motion, and those who act early will reap the biggest rewards. ⏰ The time is now! Join before it’s too late. COINBASE:ETHUSD BINANCE:BTCUSD COINBASE:BTCUSD
CLong
by SophiaAnderson
4
BTCUSD: When its Overbought, this is when you should buy more.Bitcoin has again turned overbought on its 1D technical outlook (RSI = 77.715, MACD = 6007.800, ADX = 49.688) as the price crossed over the top (LH) of the Triangle pattern that had us consolidating for the past 3 days. The 1D RSI is already over the R1 level and that should cause the bullish breakout of the price to accelerate. This breakout happened after the 1H MA100 was tested 3 times and held. As long as it keeps holding, we expect Bitcoin to target the 2.0 Fibonacci extension (TP = 97,000) of the previous LH. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
BTC - Casually following last year trend ?Since a couple of months I'm just copy pasting chart from what happened the year before, I updated and deleted the red path from my post here : and added the blue path that BTC seems to follow nicely btw its same energy than last year : overbought on RSI but we dont give a fk and we go higher that blue path says that we can touch 100K before EOY, nice no ? will try to catch the swing if it happens ! then it seems to follow more the green target, still can't say we're we ending for this bull run but I think not below 180K not financial advice Cheers
COINBASE:BTCUSDLong
by onemorewine
BTC Needs to clear this areaIf Btc cannot clear this level I cannot buy - According to one of my students I am suffering from PTSD from the buys I took yesterday lol I can seriously agree with that if I am being honest, the drop came out of nowhere and the thing with btc is when it starts to move, it really moves.. Now, what I will say say is that when you look at this area I've highlighted (in orange) price is clearly stumbling about this level, having even "broke out" not to long ago but as you can see that definitely wasn't a break out and in fact was a fake out to induce traders to buy. The fact is that btc is stumbling about this area now as it attempts to capture orders for the next move. What the next move will be is still unknown but I believe it will be buys. Why? Just when you look at the lows and how they are behaving, price doesn't like the lows - consistently rejecting the lows and having price be pushed higher and higher each time. What this tells me is that sellers are still not in control and are only being made to believe that they are so that they can inject liquidity into BTC so that it can be used by the buyers. Remember, if market participants are buying, someone has to be there to sell. I will continue to watch it to see if and when it starts to move.
COINBASE:BTCUSDLong
by Brandon_evo4
BTC at a Crossroads: Will Support Hold for the Next Big MoveGood evening, trading family. At MindBloome Exchange, the golden rule is: trade what you see, not what you think. Keep it simple. Bitcoin’s holding a support level at 86955, looking to hit 88250. If it breaks, we’re headed toward 91K and beyond. If it reverses, watch for pullbacks to 86176, 85155, 82700, or 80K. For new traders: don’t overthink it. Stay chill, like riding waves—wait for the market to show its direction, then make your move. Focus on the charts and let the trends guide you. Mindbloome Trading/ Kris
MARKETSCOM:BITCOIN
by Mindbloome-Trading
Bhutan’s $33M Bitcoin Sale – What’s Next for BTC?In a major move that has captured the crypto world’s attention, Bhutan’s government has offloaded $33 million worth of Bitcoin ( CRYPTOCAP:BTC ) through Binance. This sale comes just weeks after the country’s previous $66 million BTC sell-off. As Bitcoin hovers near all-time highs at around $91,000, the Royal Government of Bhutan appears to be taking profits, which is influencing the broader crypto market sentiment. This article delves into both the technical and fundamental aspects shaping Bitcoin’s next moves as whales offload and accumulate, with a potential BTC milestone of $100,000 looming. Bhutan’s Profit-Taking & The Whales’ Game According to Arkham Intelligence, the Royal Government of Bhutan recently moved over 367 BTC, valued at $33 million, to Binance, capitalizing on Bitcoin’s rally after it touched a high of $93,000. Bhutan’s activity in the Bitcoin market signals a strategic profit-taking move, potentially a wise decision in a highly volatile environment. But Bhutan isn’t alone in its CRYPTOCAP:BTC strategies. Over the past week, other Bitcoin whales have collectively accumulated over 100,000 CRYPTOCAP:BTC , revealing a balanced dynamic where one faction is securing profits while another continues to build positions for the anticipated bull cycle. This mixed whale sentiment could create temporary selling pressure, but it also underscores confidence in Bitcoin’s long-term potential. Interestingly, the United States may soon adopt an even more active role in Bitcoin acquisition. Under a proposal by pro-crypto Senator Cynthia Lummis, the U.S. government could acquire 1 million BTC annually over five years, with former President Donald Trump proposing a Strategic Bitcoin Reserve. This government-level activity suggests a significant endorsement of Bitcoin as a strategic asset. Technical Analysis As of this writing, Bitcoin is up 1.31%, trading at approximately $91,000. Over the last few weeks, CRYPTOCAP:BTC has navigated a symmetrical triangle pattern, a technical setup indicating consolidation before a potential breakout. Recently, BTC broke above the rising trend channel formed by this triangle pattern, signaling bullish momentum. However, with Bhutan’s latest sell-off, traders may react to this profit-taking by adopting a cautious stance, which could lead to a price correction. If CRYPTOCAP:BTC retraces, it’s likely to find support around $84,000, a critical level identified by analysts as a consolidation floor. Beyond this immediate outlook, the $100,000 milestone remains within reach. Many traders and analysts view this psychological level as the next major target, especially if the ongoing accumulation trend by whales persists. The broader crypto market capitalization has rebounded from a low of $2.99 trillion to its current level near $3 trillion, underscoring the market’s resilience despite recent sell-offs. What’s Next for Bitcoin? Bhutan’s sale of $33 million in BTC represents a potential short-term headwind for Bitcoin’s price. Crypto analyst Ali Martinez also anticipates a price correction, driven by profit-taking and an influx of selling pressure. However, the fundamentals of the market, including whale accumulation and the broader institutional interest in CRYPTOCAP:BTC , remain strong. For traders, the key levels to watch are the $84,000 support and the psychological $100,000 resistance. A sustained rally toward $100,000 could lead to another round of institutional interest and further accumulation by whales, solidifying Bitcoin’s position in a long-term bull run. Conclusion Bhutan’s profit-taking reflects a strategic approach to Bitcoin’s ongoing rally, with the government banking on BTC’s parabolic price rise. While this move could trigger a brief price correction, accumulation by other whales and ongoing institutional interest suggest that any dips may be short-lived. With Bitcoin close to reaching the historic $100,000 level, the coming weeks are poised to be crucial. As whales continue their moves, keeping an eye on these key technical levels will be vital for traders looking to capitalize on Bitcoin’s next leg up.
COINBASE:BTCUSD
by DEXWireNews
BTC Sustained BuysBtc has shifted into a state of consolidation which suggests that some profit taking is occurring right now. BUT This also means that orders are being acquired - as this is one of the main purposes and causes of what we see as consolidation. Traders becoming interested in both buys and sells at the same time. In hopes that it would actually either buy or sell. I can see a reality in which a trader can make a case for both buys and sells here although if I am being honest. Buys definitely make more sense to me. As the momentum is clearly bullish and this consolidation is simply a way for the market to capture some liquidity so that it can continue with what is has been doing all along. Another reason I believe that buys make more sense is because if we look at the green zone (Where price seemingly reversed) we can say that in fact in didn't reverse as if it did it would have not only dropped much further, quicker but it would not be floating at such a high price just after a "would be" reversal. Remember the purpose of a reversal is to get rid of traders who were following the trend all the time, which means it needs to happen quickly or else the market risks those same traders catching on to the trick (manipulation). I believe the green line is plausible for BTC's next move. Take out buyers below this current consolidation and then continue bullish from here - most likely beyond the high (green zone)
COINBASE:BTCUSDLong
by Brandon_evo4