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Bitcoin Futures

Bitcoin: Is a New Bullish Run on the Horizon? Despite Bitcoin's impressive 50% rise this year, the past six months have been challenging for investors. After the much-anticipated halving event in April, many expected a substantial surge in Bitcoin's price. However, since then, the cryptocurrency’s value has remained relatively stagnant, currently hovering around $68,600. This situation leaves investors at a crossroads: should they continue to invest in Bitcoin with hopes of significant gains, or is it time to explore other high-risk, high-reward alternatives? The Investment Dilemma: Short-Term vs. Long-Term Outlook If you are contemplating an investment in Bitcoin, managing expectations for the remainder of the year is crucial. Current predictions suggest that Bitcoin has about a 57% chance of reaching a new all-time high in 2024, making it essentially a coin toss as to whether it will surpass its previous peak of $73,750. The probability of Bitcoin hitting the much-anticipated $100,000 milestone this year stands at a modest 14%, further highlighting the uncertainty in the short term. However, the long-term outlook for Bitcoin remains optimistic. For instance, investment firm Bernstein predicts that Bitcoin could reach $200,000 by the end of 2025. Visionaries like Cathie Wood, founder of Ark Invest, foresee Bitcoin soaring to $1 million by 2030. Even more ambitious, Michael Saylor, founder and executive chairman of MicroStrategy, believes that Bitcoin could reach a staggering $13 million by 2045. For investors seeking short-term gains, Bitcoin may not be the best option at present. Tech stocks, such as Nvidia, which has seen a 159% increase this year, could offer more immediate returns. However, for those considering a longer investment horizon—five years or more—Bitcoin still presents a solid opportunity for growth. Bitcoin’s Role in the Future Financial System One of the most compelling reasons for Bitcoin’s long-term potential lies in its ability to transform the global financial landscape. Bitcoin is more than just a digital currency—it is underpinned by blockchain technology, which promises faster, cheaper, and more efficient financial transactions. The potential to disrupt traditional financial systems and become a cornerstone of the global economy is what makes Bitcoin an attractive investment. Cathie Wood likens Bitcoin's potential to that of the "information superhighway" that revolutionized the internet. She envisions a "financial superhighway" where blockchain replaces the internet and economic value replaces digital information. Wood predicts that Bitcoin could reach $1.5 million within a few years, a reflection of its transformative power. However, it's important to remain cautious about such lofty predictions. While Bitcoin’s revolutionary potential has been touted for over a decade, much of its promise as a viable payment method remains unfulfilled. For example, when was the last time you used Bitcoin for an everyday online purchase? Adoption, though growing, is still not at a level that justifies these sky-high predictions. A New Wave of Political Support for Bitcoin One significant shift in 2024 is the rise of political support for Bitcoin in the United States. There's growing awareness that the US is lagging behind other countries in terms of crypto adoption. High-profile politicians, including former President Donald Trump, have started advocating for America to become the “crypto capital of the world” and a “Bitcoin superpower.” The idea of a “Bitcoin arms race” with other nations is gaining traction. In July, Senator Cynthia Lummis (R-Wyoming) proposed the idea of establishing a national strategic reserve for Bitcoin. She suggested that the US should commit to acquiring 5% of all Bitcoin in circulation, similar to how the country maintains a strategic oil reserve. While this may seem bold or even risky, it reflects the growing belief in Bitcoin’s long-term value. These political developments add momentum to the optimistic price predictions, but it's important to remember that Bitcoin won’t skyrocket to $1 million overnight, even with the introduction of Bitcoin ETFs or strategic reserves. Bitcoin’s Price Journey and Future Prospects Since 2013, Bitcoin has risen from $100 to its current $68,600. If you believe in its continued upward trajectory over the next decade and are prepared to endure the inherent volatility of cryptocurrencies, it might be worth considering an investment while the price remains below $100,000. However, the question remains: is Bitcoin ready for another major rally? Technical and Market Insights From a technical standpoint, Bitcoin is currently sitting on a significant dynamic resistance trendline, which it has failed to break through five times since March 2024. The more a support or resistance level is tested, the weaker it becomes. This suggests that Bitcoin may be gearing up for a potential breakout. Additionally, the latest Commitment of Traders (COT) report reveals an interesting contrast. Commercial traders, often referred to as "smart money," are increasing their long positions, while large speculators have turned bearish. This divergence could indicate that the institutional market believes a bullish run is imminent, while retail traders remain cautious. Adding to this, the seasonality pattern from last year showed a strong bullish run starting around this time. Could history repeat itself? The confluence of a weakening resistance, smart money bullishness, and favorable seasonality patterns could point to a new upward movement for Bitcoin. Conclusion: Should You Buy Bitcoin Now? Bitcoin's current situation presents a mix of opportunity and risk. While the short-term outlook remains uncertain, the long-term potential for Bitcoin as a transformative force in the global financial system is undeniable. With institutional investors showing increased interest and political support growing, Bitcoin could be on the verge of a significant breakthrough. For those with a long-term investment horizon and the ability to weather volatility, Bitcoin remains a strong contender in the world of high-risk, high-reward assets. However, if you’re looking for short-term gains, you may want to explore other options like tech stocks, which have been delivering exceptional returns this year. What do you think? Will Bitcoin finally break through its resistance and embark on a new bullish run? Let us know your thoughts in the comments below.
CME:BTC1!
by FOREXN1
1
the silent sweepgood eve' i write to you today to warn of an upcoming descent in the market. i'm not referring to anything extraordinary, just a minor stop-loss raid, below 50k. over the last 9 months, there has been a significant influx of buyers in the range between 50k and 70k. everyone is bullish, and no one will anticipate this drop—except, of course, those who do. --- the entire structure can be labeled quite simply: the area boxed in red was a leading diagonal (5 waves down) the area boxed in green was a running flat (3 waves up) the area boxed in blue is on the verge of becoming a regular impulse (5 waves down) put it all together, and you have what we call a simple zig-zag . --- once this straightforward correction concludes, the real bull market can begin. ask me about my upside target. --- 🌙
by Eloquent
7
path to 100kgm, as we continue to consolidate and fear begins to rise, it becomes blatantly clear to me as to what is truly going on. we're clearly in a fourth wave. fourth waves are notorious for creating fear, uncertainty, and doubt. they make you question weather the trend is truly over, they bore you with sideways price action which makes you hand over your hard earned coin to the one who is re-accumulating, in preparation for the next mark-up phase. the person who is accumulating will buy everything you have to sell, 1:1. not a penny more. whenever you run out of coin to sell, the accumulator will begin the mark-up phase, and you will likely begin to fomo back into the market after awhile, which will cause an aggressive \ parabolic push up. --- this is a time for accumulation, not for capitulation. --- w5 target = 100k --- 🌙
Long
by Eloquent
5
a favorable election.the chart structure has changed slightly, for the better in my eyes. the chart now favors the bull case—a bull case which will take a lot of lives before beginning. --- what i'm portraying here is a massive, weekly bullish 1-2 setup—similar to the one we experienced between 2018 and 2022. the dip for "the covid crash" was wave 2. i'm anticipating we see a similar situation here before the next great bull run begins. "the crash" will likely be triggered by the "fed pivot," which takes place on september 18th. if all goes well, we should bottom out into the election—maybe slightly beyond it, into the winter time. tough to gauge exactly how long a drop like that will take, but it's easy to say that it'll be caused by a massive liquidation. --- while i am anticipating a sweep of the all-time high first, there is a chance we do not get it. while i am anticipating a raid of 28k, it is possible we go lower . --- stay safe, fellas, things are only getting started. 🌙 --- ps. i posted this last night, but it did not go through for whatever reason.
by Eloquent
6
Bitcoin Strengthens Amid Market Turmoil and Political UnrestBitcoin (BTC) is demonstrating remarkable resilience and strength, even as the broader market grapples with the shock of the attempted assassination of Donald Trump. Currently, BTC is in a higher-degree uptrend, having broken to new all-time highs (ATH) back in March. Following this surge, the market experienced a three-wave retracement, a common corrective pattern in technical analysis. Our latest analysis reveals that BTC has rebounded from a potential Flip Zone, where a supply area has been established. This zone is characterized by a price level that previously acted as resistance and has now flipped to support. The strength of this flip zone is further reinforced by the bullish stance of large speculators, who continue to hold strong long positions on BTC. Given the current market dynamics, we anticipate a retest of the supply area. This retest is expected to serve as a springboard for a fresh bullish impulse, propelling BTC higher. The alignment of technical indicators and market sentiment supports the case for continued upward momentum. The recent political unrest surrounding Donald Trump has injected volatility into the markets. However, Bitcoin's decentralized nature and status as a digital asset often perceived as a hedge against political and economic instability have bolstered its appeal. This sentiment is reflected in the ongoing bullish positions held by large market players. In summary, Bitcoin is on a robust recovery path, buoyed by strong technical support and positive market sentiment. The rebound from the Flip Zone and the anticipation of a retest of the supply area suggest a new bullish impulse is on the horizon. As large speculators maintain their bullish outlook, we remain optimistic about BTC's continued upward trajectory. Investors should watch for the retest of the supply area as a key indicator for potential entry points in anticipation of further gains. ✅ Please share your thoughts about BTC in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
CME:BTC1!Long
by FOREXN1
1
your lips, my lips, apocalypse."welcome to 2030. i own nothing, have no privacy, and life has never been better." --- welcome to my page, i have not posted anything btc related in awhile because my primary posts have been private for well over a year. few eyes see my work, and i intend to keep it this way. i will though, share my primary outlook on btc - because fact of the matter is, come november, ain't nobody gonna believe it anyway. --- what i'm portraying in this beautiful picture here, is a 20 year cycle. from 0 to 750k. the greatest experiment in history. --- a lot of people have given up on this particular idea ever since we took out the ath - but in my opinion, it's even more valid than it used to be, now that everyone and their uncle is bullish. etfs are appearing from various countries, the short term cost average in the market sits at like 64-65k as the common man fomo's into an instrument he knows nothing about. this leaves the common folk very vulnerable, and open to a direct attack. --- imagine this: btc runs up from the end of this month, into the election just above 100k. most alts 10x, some alts 25x, few alts 50-100x. everyone is excited, euphoric, nothing matters except up, nobody expects such an abrupt ending, but then it comes... jerome powell pivots the rates, and the markets crash harder than they did in the year 2000, down to levels most people have discounted years ago. that's the kinda vibe this market gives me. a full blown retail sweepout, before one of the greatest bull runs in history. --- the path to 750k ↓ 112k ↓ 6k ↓ 750k ↓ in that exact order. ↓ read that again anon. --- 🌙
CRYPTO:BTCUSDLong
by Eloquent
6
Mt. Gox Repayment Plan Brings BTC to 125-Day SMA's OpportunityMt. Gox, which once accounted for roughly 70% of the world's bitcoin trading, was hacked multiple times between 2011 and 2014 and thousands of bitcoins went missing, setting off a long process of customers trying to get their crypto or money back. The exchange declared bankruptcy in 2014. The long-awaited distribution of Mt. Gox customer funds comes after years of delays. However, Rehabilitation Trustee Nobuaki Kobayashi stated that preparations for these repayments are well underway, ensuring all necessary safety measures are in place before the distribution commences. The correction in BTC price extended on June 24 due to bearish sentiment arising from defunct crypto exchange Mt. Gox’s plan to return over 140,000 BTC to victims of a 2014 hack, with repayments set to begin in July. More than $9.4 billion worth of Bitcoin is owed to approximately 127,000 creditors of Mt. Gox, who have been waiting for over ten years to recover their funds. Since Bitcoin’s price has risen more than 8,000% since 2014, this could introduce significant selling pressure for BTC. Some of these investors, who may have millions in profits, may decide to cash in at current rates. Meanwhile, in technical terms BTC just dropped to it's significant 3-months support level that is corresponds also with 125-Day SMA. BTC has been last seen at 125-day SMA 9 months ago only, in mid-October 2023, near $ 28000 level. In that time SMA support helped to deliver BTC up roughly +160%, less than in a half-a-year. Technical graph indicates also on huge oversold area for RSI indicator, that just turned to one of its lowest readings over the past 12 months.
CME:BTC1!
by Pandorra
2
BTC Futures. Bulls fade. Robust gain de-established.BTC has reached the top around US$ 73700 on March 14, 2024 as it was clearly explained in previous publication. Since that it's gone around 1 month till now, and no one new high was printed in BTC. Bulls fade. Robust gain de-established. Upside bubble-alike trend transformed into detrend structure with flat top near US$ 73000 per BTC. RSI (14) is sluggish also. This idea is for b-adj CME’s Bitcoin futures contracts, ticker symbol BTC, which are a USD cash-settled contracts based on the CME CF Bitcoin Reference Rate (BRR), which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin. The BRR aggregates the trade flow of major bitcoin spot exchanges during a one-hour calculation window into the U.S. dollar price of one bitcoin as of 4 p.m. London Time. The Bitcoin futures contract trades Sunday through Friday, from 5 p.m. to 4 p.m. Central Time (CT). A single BTC contract has a value of five times the value of the BRR Index and is quoted in U.S. dollars per one bitcoin. The tick increments are quoted in multiples of $5 per bitcoin, meaning a one-tick move of the BTC future is equal to $25. BTC futures expire the last Friday of the month, and are listed on the nearest six consecutive monthly contracts, inclusive of the nearest two December contracts. Technical graph indicates on a detrend structure, where near 73K per BTC is the Top, and near 55K is the target. Technically, BTC can retrace to mentioned above level as it still below reasonable resistance.
CME:BTC1!
by FinWealth
BTC. Weekly trading levels 27.05.2024 - 2.06.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!
CRYPTO:BTCUSD
by Forex_Hoby
BTC. Weekly trading levels 20 - 24.05.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!
CRYPTO:BTCUSD
by Forex_Hoby
Bitcoin (BTC/USD) - Weekly - Potential Support Trendline TestBitcoin (BTC/USD) has been in a long-term price uptrend since 2023. However, Bitcoin has been in a short-term downtrend since April 2024. Bitcoin price could potentially re-test Support Trendline 1 and support prices of approximately $56000 down to $55000. Bearish Scenario: price falls and test support levels below such as $58000, $55000, $50000, $45000, $40000. Bullish Scenario: price bounces and continues higher to resistance prices of $64000, $69000, $73000, $77000, $80000. Note: crypto regulatory changes, government vs crypto exchange lawsuits, breaking news, corporate earnings, and global events could override technical chart patterns. Date created: 05/10/2024
BITFINEX:BTCUSD
by NoFomoCharts
The btcusd weekly on the CMEWeekly session just closed which erases the last four weeks of declines and uncertainties, the candle is larger and also seems to express decision. I think it is normal to see movements of this type after quite significant bearish pressure, it is not a clear signal that the correction is over, but we can see it as a beginning or at least an important rebound. The minimum at 56.5k USD therefore becomes the level where the margins of those who have gone long in recent weeks are placed. If I analyze the futures, it is necessary to think in these terms. On derivatives there is a technique of the large managers called "stop hunting loss or margin call", means that once the level in which the liquidations are concentrated has been identified, the price will go there and then resume the previous run or direction, after all, here we are dealing with brokers who trade against you , so for every user who gains, they lose. The CME is different but not so much, it is taking shares of open interest, as can be seen below, taking advantage of the moment in which others flee from the exchanges, maybe things are correlated or maybe not. It remains strange that once the institutions entered, the battles to regulate this and that began. Those who have known Bitcoin and cryptocurrencies for a while know well that they were created to improve old methods, but here we are witnessing a fusion between old and new, so the price movements we are seeing have become much more technical, yes says that the market has achieved more efficiency than in the past, perhaps, what has not changed and will never change is the method for taking money from all participants.
CME:BTC1!
by Melupira89
BTC. Weekly trading levels 13 - 17.05.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Comments are welcome. Feedback is very important to me!
CRYPTO:BTCUSD
by Forex_Hoby
BTC. Levels for intraday trading for the weekend 27-28.04.2024During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day, the date is in the title. The next morning I adjust the levels based on current data and publish a new post. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) --------------------------------------- Levels are drawn before the European session, based on volumes and data from the CME. They are used as zones of interest for intraday trading. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat. Do not reverse the market at every level. If there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. TV does not allow publishing timeframes smaller than M15.Reactions to levels and the search for entry points are more convenient to look at M5-M1. Don’t forget to like Rocket and Subscribe!!!
BINANCE:BTCUSD
by Forex_Hoby
Get Ready for Bitcoin to Rally as ETF Adoption Grows!Bitcoin's future is here due to growing ETF adoption. Here's a breakdown of the key points with a neutral perspective: Key Points: • ETF Adoption: The message highlights the increasing adoption of Bitcoin ETFs, which could be driving institutional investment. • Potential Rally: This suggests that Bitcoin's price may rise significantly due to this new wave of interest. • Call to Action: It strongly encourages you to buy Bitcoin now to potentially profit from the rally. Neutral Perspective: • Investment Risk: Bitcoin is a volatile asset, and there's no guarantee of a rally. • Do Your Research: Focus on potential gains but there are investment risks. It's important to understand Bitcoin's price history and the risks involved before investing. • Long-Term Strategy: Understand short-term gain. Consider if Bitcoin aligns with your long-term investment goals. Before Investing: • Research Bitcoin's price history and volatility. • Understand the risks and potential rewards involved. • Only invest what you can afford to lose. Overall: There are potentially lucrative opportunities but be cautious. Do your research and prioritize long-term strategy over following short-term hype. Consider consulting a financial advisor for personalized guidance.
BITSTAMP:BTCUSDLong
by bryandowningqln
Swing trade for Bitcoin (BTC1!) - 1-hour chartBitcoin futures managed to fid support above $60k before snapping a 4-day losing streak. Bullish momentum increased from GETTEX:64K , and the move lower since appears to be corrective in nature against the strong rally from $64k. A bullish outside / engulfing candle formed around the 50% retracement level and above Wednesday's daily TPO VAH time price opportunity, value area high). The bias is now for a move higher towards SWB:69K , with the potential for a move to $70k. At which point we'll seek evidence of a bearish reversal, given price action clues on the weekly and daily charts.
CME:BTC1!Long
by CityIndex