BTC HALVING APRIL 2024! 479497$As we approach the impending halving event in 2024, slated to commence in a month, speculation arises regarding its potential outcomes. Historical data provides insights into recurring patterns, yet uncertainty looms regarding whether past scenarios will manifest once again.
We invite your insights:
Do you foresee growth or a departure from traditional trends towards decline?
Your perspectives are welcomed and valued.
Btc-e
4-hour Bitcoin (BTC/USDT) chart. Some key points to consider:Descending Triangle Formation: The price action appears to be forming a descending triangle, with lower highs represented by the upper trendline and potential support levels represented by the lower trendline.
Support Level: The green horizontal line around $78,254 acts as a crucial support area. A break below this level could signal further bearish moves.
Resistance Level: The resistance level at $91,205 indicates that the price may face challenges moving higher.
Current Price: The most recent price is around $80,023, indicating some volatility and the possibility of an upward movement or a test of support.
The chart shows the projection of the potential price movement, indicating potential upward movement after bouncing off the support before facing resistance.
Watch for breakouts: Keep an eye on support and resistance levels. A breakout above resistance could lead to a bullish trend, while a breakdown below support could lead to further declines.
Use volume indicators: Consider looking at trading volume for confirmation of price action, especially during key levels.
Stay updated: It is important to monitor market news or important events that impact Bitcoin prices.
If you have specific questions or need further analysis, feel free to ask!
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#BTC: IS THE BULL MARKET OVER??🚀 Hey Traders!
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Is the Bull Market Over? 🤔
The big question on everyone's mind—Has the bull market ended? My answer is NO! Let’s break it down:
📊 Technical Perspective:
As you can see in the chart, BTC recently broke out from an inverse head and shoulders pattern on the weekly timeframe. This current dip? It’s nothing but a healthy retest of the breakout ($72k-$75k). Once BTC successfully confirms this retest, we should see a strong push to the upside. Patience is key!
🌍 Fundamental Perspective:
1️⃣ Institutional Adoption: Big players like BlackRock, Fidelity, and global hedge funds continue accumulating BTC, Also adopting by some big countries like US proving confidence in the long-term trend.
2️⃣ ETF Inflows: Bitcoin Spot ETFs have seen billions in inflows—indicating that traditional finance (TradFi) is betting on BTC’s future.
3️⃣ Macroeconomics: With the Fed slowing down rate hikes, liquidity might start flowing back into risk assets, benefiting BTC and crypto as a whole.
🔍 The Key Level to Watch:
A successful bounce from the neckline of this pattern will confirm strength and could send BTC soaring to new highs!
🔥 What’s your take? Drop your thoughts in the comments, and let’s navigate this market together! 🚀💰
Bitcoin drops. What's next?Hello, Traders!
Bitcoin price continues to fall towards the next big support area at 74k-70k.
Currently, there is no sign of BTC reversal, and it seems that this correction phase will last long.
Ideally, the faster BTC finds its local bottom, the faster it starts to rise again.
However, the current market conditions suggest that a period of consolidation might be necessary before a meaningful recovery.
I doubt that the BTC price will fall below 70k despite all the negative sentiment surrounding it at the moment.
More likely, we will see strong buying pressure at those levels, as institutional investors and long-term holders step in to accumulate at what they perceive as a discount.
Also, the stochastic RSI on a weekly scale has dropped to 0, which historically indicates that momentum is oversold and a potential reversal could be near.
If we see a bullish cross on the SRSI on a weekly timeframe, this might act as a catalyst for a price rebound, possibly pushing BTC toward new highs.
Another indication of a possible bottom is the Fear & Greed Index, which currently sits at around 20.
This level reflects extreme fear in the market, a condition that has often preceded local bottoms in previous cycles.
Historically, such extreme fear tends to trigger a shift in sentiment, leading to increased demand and a subsequent price recovery.
Furthermore, on-chain metrics suggest that long-term holders remain unfazed by the recent downturn, with exchange reserves continuing to decline. This indicates that a significant portion of BTC supply is being moved to cold storage, reducing selling pressure.
Additionally, open interest in the futures market has seen a decline, which could mean that excessive leverage is being flushed out—a necessary step for a healthier market structure.
If BTC manages to hold the 70k support level and confirms a reversal with increasing volume, we could see a strong recovery phase unfold.
However, if the price breaks below this key support, the next significant area to watch would be around 65k, where additional buying interest might emerge.
Please don’t forget to boost this idea and leave your comments below.
Bitcoin Interesting Fractal And Timing! GOING STRAIGHT UP!I noticed that the timing and pattern of how this is playing out in 2025 in Bitcoin is very similar to that of 2017. This fractal is not identical but its damn close. In 2017 there were approximately 15 million people in crypto, very few leverage exchanges, and trading was no where near what it is today. Now we have exchanges everywhere, hundreds of them most with leverage which we didn't really have before. Also not to mention that now we have big players getting in and they aren't buying and selling on the daily, they are buying it all and holding it, hence why we aren't seeing the typical "Alt season". The sloshing effect we had in the early days when traders would rotate out of Bitcoin into alts is not happening as it used to.
In 2017 Trump took office and in the end of March the bull run started in full swing. Something very similar is also happening now that we are in March and these fractals are lining up. Let see how this plays out. I think we are on the cusp of a giant mega bull run like you've seen before.
Crypto traders last year made mega profits cashing out multiple billions in capital gains. Once the selling stops around the end of March and beginning of April from people selling to pay taxes I think its on. This is not financial advice this is just my opinion. Lets see how this chart ages. Thank you for reading.
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Powell’s Speech & Bitcoin’s Decline: Is More Downside Ahead? Today, Fed Chair Jerome Powell is set to speak, and traders should brace for potential market volatility! Given the recent economic data , his tone is likely to be balanced but leaning hawkish .
Why a More Hawkish Powell?
1- Strong Job Market :
Unemployment Rate : 4.1% (Still low)
Non-Farm Payrolls (NFP) : 151K (Decent, but lower than before)
Average Hourly Earnings : 0.3% (Steady wage growth)
This suggests that the labor market remains resilient, which might discourage the Fed from cutting rates too soon.
2- Inflation Still a Concern :
Wage growth and inflationary pressures persist, which means Powell may emphasize keeping rates steady longer to combat inflation.
3- Markets Are Too Optimistic on Rate Cuts :
Investors are heavily betting on rate cuts in 2024, but Powell may push back against these expectations to prevent excessive risk-taking.
Powell will likely maintain a cautious yet hawkish stance to manage expectations. Big price swings are expected across forex, crypto, and commodities—so stay alert! (Of course, this is just a personal analysis).
In addition to Donald Trump , Signs Executive Order to Create Bitcoin Strategic Reserve
Of course, today, we didn't see any strange movement in Bitcoin, and probably, the proverb " buy the rumor, sell the news " was fulfilled.
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Now let's take a look at the Bitcoin chart on the 1-hour time frame and also take help from technical analysis tools .
Bitcoin ( BINANCE:BTCUSDT ) is in a Heavy Resistance zone($93,300_$89,250) and has started to decline from Potential Reversal Zone(PRZ) .
From a Classic Technical Analysis , Bitcoin appears to move in a Symmetrical Triangle .
According to Elliott Wave theory , Bitcoin has completed the Double Three Correction(WXY) , and we should wait for the next bearish wave .
I expect Bitcoin to attack 200_SMA(Daily) again after breaking the lower line of the Symmetrical Triangle .
Note: Bitcoin is likely to pump more if the symmetrical triangle's upper line breaks.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
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BITCOIN Is this the last defense before the narrative changes?Bitcoin (BTCUSD) got yet again increasingly volatile during the weekend and is approaching the 1W MA50 (blue trend-line). As mentioned on the title, this is "the last defense" for BTC as so far this price action hasn't diverged a bit from the Channel Up of the 2015 - 2017 Bull Cycle but a break and 1W candle close below it, would jeopardize that.
** The key 1W MA50 **
In fact the only times that Bitcoin closed below its 1W MA50 during a Bull Cycle and the Cycle continued was of course during the March 2020 COVID global market flash crash and November 18 2019. But the current Bull Cycle is nothing like in 2019 - 2021, it doesn't have the initial overextension of the Libra hype (May - June 2019) or Elon's early 2020 hype nor of course the pandemic shutdown. On the contrary it is incredibly similar with 2015 - 2017 with the only difference being that, thanks to the ETF launch in January 2024, the market marginally breached the previous All Time High (ATH) earlier.
** Symmetry playing out **
So back to the similarities between those two Cycles. The Cycle count indicates that we are at the end of the (blue) Bull Rectangle in March 2017 (847 days) when the price almost tested the 1W MA50 and then started the (green) Parabolic Phase to new ATHs (217 days). Even in terms of 1W RSI and MACD, the two fractals are similar, with the RSI being on its 2nd 'Buy the dip Volatility Phase' bottom and the MACD on its 2nd Bullish Cross.
** How high can it get? **
Now as to how high the new Cycle Top can be, can be anybody's guess, but if it repeats the less aggressive 2021 Top, it could be on the 1.618 Fibonacci extension, i.e. around $170k, while if it repeats the (much more unrealistic for such short period of time in terms of market cap) 2017 Top, it could be on the 2.382 Fib ext, i.e. around $520k. The worst case scenario is to have Fib extension Tops on a decreasing rate, in which case the 1.5 - 1.382 levels are next, giving us a potential target range of 120k - 145k, which would be almost a Double Top similar to November 2021.
So what do you think? Will the 1W MA50 come to Bitcoin's rescue yet again or the narrative will change this time? Feel free to let us know in the comments section below!
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Bitcoin structure weakening#bitcoin price has closed above trend line (Nov 2024 - March 2025) and declined from the bearish zone with weekly candle closing.. This must be taken serious. They always have the opportunity to service news (!) and manipulate prices in short term (They may invalidate T.A. with just a bear trap pump, we don' t know) , but in mid term this weak structure must not be underestimated. Red boxes are the support zones for CRYPTOCAP:BTC to be watched. Not financial advice.
HelenP. I Bitcoin can small correct and then continue to growHi folks today I'm prepared for you Bitcoin analytics. Looking at this chart, we can see that the price rebounded from the resistance zone and dropped to the support level, eventually reaching the trend line. After that, it reversed and started moving upward within a triangle pattern, where it soon broke through the 80400 support level before climbing to the resistance level. Shortly after, BTC broke this resistance as well and surged to 94700, before pulling back to the trend line, breaking through the 88500 level. However, the price then bounced off the trend line and quickly climbed back to the resistance line of the wedge, breaking the resistance once again. It traded near this level for some time before starting to decline, eventually dropping to the support level, breaking the resistance level, and exiting the triangle pattern. Recently, BTC has shown signs of recovery, and in my view, it may make a slight correction before continuing its upward movement toward the trend line. Based on this scenario, my goal is set at 86700, which aligns with this trend line. If you like my analytics you may support me with your like/comment ❤️
RAREUSDT Poised for Breakout from Falling Wedge – High Volume SuperRare (RARE) is currently forming a falling wedge pattern on the daily chart, a technical setup often indicative of a potential bullish reversal. This pattern is characterized by converging trendlines that slope downward, suggesting a decrease in selling pressure and the possibility of an impending breakout to the upside.
The trading volume for RARE has been robust, reinforcing the likelihood of a significant price movement upon breakout. Elevated volume during the formation of a falling wedge typically signifies growing investor interest and confidence in the asset's future appreciation.
Technical analysis further supports this optimistic outlook. Indicators such as the Moving Average Convergence Divergence (MACD) are showing bullish signals, while the Exponential Moving Averages (EMAs) and Relative Strength Index (RSI) are neutral, suggesting that RARE is poised for a potential upward surge
Given these factors, RARE is anticipated to achieve gains ranging from 180% to 200% or more upon a confirmed breakout. The combination of a well-defined falling wedge pattern, substantial trading volume, and supportive technical indicators suggests that RARE may experience a significant price increase in the near future.
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BTC - Get Ready!🚨 CRYPTOCAP:BTC is dipping hard! 🚨
📉 Get ready for a massive entry at $72,000—here’s why:
It aligns with:
1️⃣ Lower bound of the blue wedge pattern
2️⃣ Previous resistance turned support
3️⃣ Key demand zone
4️⃣ -34% correction phase
📊 This level could be a game-changer! Are you buying?
Bitcoin - Bitcoin’s fate in Trump’s hands?!Bitcoin is trading below the EMA50 and EMA200 on the four-hour timeframe and is trading in its descending channel. Bitcoin’s continued downward trend and its inclusion in the zone may buy it again for us.
A Bitcoin correction will also be offered to test the selling from the zone. It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and one should have capital management in the cryptocurrency market, than we can ask for more. If the downward trend continues, I can buy now.
During Trump’s presidency, the United States is aiming to become the “global capital of cryptocurrencies.” A key component of this strategy is establishing a national digital asset reserve, where Bitcoin will play a central role as a “digital Fort Knox.” Currently, the U.S. holds approximately 200,000 Bitcoins, making it one of the largest Bitcoin holders globally. Other digital assets, apart from Bitcoin, will be stored separately.
In contrast, during Biden’s administration, a significant portion of government-held Bitcoin was sold, slowing the growth of the cryptocurrency sector and restricting banks from engaging in digital asset transactions. These policies resulted in a decline in crypto development within the U.S.
Now, the Trump administration is reviewing all digital assets under U.S. ownership and evaluating the possibility of acquiring more Bitcoin. Additionally, the administration aims to end “Operation Choke Point 2.0,” which had pushed banks away from crypto, and accelerate the passage of stablecoin legislation by the end of the August recess. Trump has also declared that the U.S. will never sell its Bitcoin holdings, keeping them as a long-term reserve asset.
Following Trump’s remarks about creating a national digital currency reserve, Bitcoin initially surged but later fell below its pre-announcement level. Currently, Bitcoin’s price has dropped below $83,000, with other major cryptocurrencies experiencing similar declines.
Last week, U.S. President Donald Trump announced via Twitter that his administration was establishing a strategic reserve of digital assets, including Bitcoin, Ethereum, Solana, Ripple, and Cardano. While this initially drove prices higher, it was later clarified that the plan only involved holding confiscated digital assets rather than making direct crypto purchases.
On Friday, Trump signed an executive order formalizing the initiative, but markets reacted negatively. Bitcoin fell by $3,000, reaching its lowest level in weeks. The order does leave open the possibility of government Bitcoin purchases in the future, though such a move would likely require congressional approval.
As a result, most cryptocurrencies that had gained value due to the announcement have since lost those gains. Assets such as Cardano, Solana, Ripple, and Ethereum have all returned to their pre-announcement price levels. This event once again underscored that governments often act more as liquidity exit points rather than driving new capital inflows into the market.
Meanwhile, Michael Saylor, founder of Strategy, has proposed that the U.S. government should acquire 25% of the total Bitcoin supply by 2035 to establish a strategic Bitcoin reserve. His suggestion is for the government to systematically purchase between 5% and 25% of Bitcoin’s supply through daily acquisitions from 2025 to 2035, by which time 99% of all Bitcoin will have been mined.
Saylor presented this idea at the White House Crypto Summit, urging President Trump and top crypto leaders to adopt a “never sell your Bitcoin” policy. He predicts that such a reserve could be worth between $16 trillion and $81 trillion by 2045, potentially helping to reduce the national debt.
BTC | USD PipGuard 75k or 150K🚀 Market Analysis – Get Ready for Some Laughs!
Ladies and gentlemen, this is no joke! The trend is bullish, but don’t be fooled by the temptation to shout “ Trend reversal! ” What we’re seeing is just a small retracement , a strategic pause that Bitcoin is taking to catch its breath and prepare for another sprint that will shake the market.
And guess who’s behind all this chaos? Our beloved blonde canary with more ego than hair on his head: Donald Trump! 🦜💸 Yes, you heard right! It seems that good ol’ Trump has decided to inflate the crypto market like a helium balloon , promising it will soar to the heavens. And us? We won’t be caught unprepared. When the feed is thrown up in the air, we’re already there with the sack open, ready to collect it all. 🏃♂️💨
📈 Numbers to Blow Your Mind – Targets and Key Levels
🔹 Current price heading towards 82K .
🔹 93,500$ : our key level , where the real battle is fought.
Above this level? Bullish to the max! 🚀 Target? We’re heading toward 130K - 150K .
Below? No worries, Bearish Mode activates like a switch. 🐻
🎯 Insider Tip – Fibonacci, Our Holy Grail
Bitcoin and crypto love the Fibonacci equilibrium point more than the traditional market loves common sense. 🎯 This level was hit on 28/02/2025 , so get ready to see a reaction that will shake the foundations!
🧐 How Much Could BTC Retrace?
In my opinion, BTC could drop to 74,600$ - 70,500$ . But beware, if it falls below 65K , Bitcoin will stop retracing and start crying like a baby . 😭
🎯 What Should We Do NOW?
👉 As long as we’re below 93,500$ , it’s better to look for short positions .
👉 Once we hit the reversal zone , wait for confirmation and then... we’ll shoot up like a rocket! 🚀
The plan is clear, the market is set, and us? Heads on our shoulders , fingers ready on the mouse , and off we go with the strategy ! 🧠💻
Let me know what you think in the comments! ⬇️🔥
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Pullback to 85K for sellingMorning folks,
So, everything goes with the plan - nothing to change on major picture. We keep our bearish view on BTC and now consider 68-74K area as the next destination point. But this could take a few weeks.
In fact, previous 68K top also will be a big test. Downside break will open road to 52-55K. While if BTC will be able to stay in 70-80K range, it will keep long term bullish context. It should be interesting...
Meantime, BTC once again hits oversold areas as on weekly as on daily charts. As we promised - D. Trump verbal boost lasted just 2 days and was reversed down. We see some intention market manipulations from D. Trump administration but this is not the subject for this update.
In short-term - 2-3 days BTC needs to relief oversold pressure, so minor bounce is quite possible. For example, based on "222" pattern on 1H chart we could see attempt to bounce up from 79K and up to 84-85K area.
Those who wants to sell - that might be the chance.
For now I mark this update as bullish, because of suggested bounce. But our longer term view remains bearish still.
BTC/USDT Technical Analysis – Bearish Outlookhello guys.
Market Structure & Pattern
Bitcoin is forming a descending wedge, with lower highs indicating weakening bullish momentum.
The price is testing the ascending trendline support, which, if broken, could lead to further downside.
Anticipated Move
A short-term bounce may occur, but a rejection from resistance is expected.
BTC is likely to break below support, leading to a move toward the $80,000 - $81,000 demand zone.
Key Levels to Watch
Resistance: $89,200 – $90,000 (Potential rejection area)
Support: $85,000 (trendline), then $80,000 - $81,000 (target zone
)
Confirmation & Invalidations
A confirmed break below the trendline supports the bearish outlook.
Bullish invalidation: A strong breakout above $89,200 - $90,000 could shift momentum back to the upside.
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Conclusion
The current structure suggests a bearish breakdown, with a target of $80,000 - $81,000 unless resistance is broken. Monitoring price action at key levels is crucial for confirmation. 🚨
BTC/USDT 4HOUR UPDATE !!The price action appears to be contained within a symmetrical triangle pattern. Black lines appear, they mark the upper and lower trendlines. Currently, the price is around 81,842.67. It seems that the price remains above the lower trendline.
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