Merry Christmas!- Not a price prediction :P
- just wanted to publish my best wishes!
- Peace and joy to you and yours for this Christmas season!!
Happy Tr4Ding !
Btc2023
Bitcoin's Technical Landscape: On a CrossroadAs we transition from late 2022 to early 2023, Bitcoin's resounding bullish trajectory appears to be facing headwinds. A detailed technical analysis reveals subtle signs of waning momentum. Specifically, the last two peaks were marked with an RSI just marginally surpassing 70, indicating potential overbought conditions. Concurrently, the asset's price struggles to stay affixed above its 50-day moving average, a critical threshold for many traders.
A pivotal juncture lies at the $28,500 mark. Should Bitcoin descend below this level, it would act as a bearish cue. Subsequent potential support zones to monitor include $27,220, aligning with the 200-day moving average, followed by $25,000, resonating with the previous low and the March high. Notably, the $23,350 level stands out as it represents a significant volume node based on volume profile data.
However, should Bitcoin demonstrate resilience by upholding its medium-term upward trendline and reclaiming ground above the 50-day average, we could witness a consolidation phase, paving the path for a potential bullish resurgence.
Bitcoin Price Prognosis 2023-2024: Navigating Through a CorrectiBitcoin Price Prognosis 2023-2024: Navigating Through a Correction and Anticipating Bullish Momentum
Introduction:
As the cryptocurrency market experiences a period of correction following the exhilarating Bitcoin bull run of 2020-2021, many analysts are examining the charts to forecast the future trajectory of the world's leading digital asset. In this article, we will delve into a comprehensive analysis of the Bitcoin price forecast for 2023-2024. Combining technical analysis and market indicators, we explore the potential scenarios and key support levels that may impact Bitcoin's journey over the coming years.
Corrective Phase and Head and Shoulders Pattern:
The current phase in the Bitcoin market is characterized by a correction phase, marking a natural cooling-off period after the euphoria of the previous bull run. Analyzing the charts, a significant pattern that emerged during 2020-2022 is the head and shoulders pattern. This pattern indicates a potential reversal from the previous uptrend and could potentially lead to a decline in Bitcoin's price.
The head and shoulders pattern, accompanied by a Fibonacci retracement level of 0.5, suggests a key support level around $15,500. This level is likely to play a crucial role in determining the next major move for Bitcoin. Traders and investors should closely monitor this level for potential buying opportunities or further downside.
Bear Market Continuation:
Based on the analysis of market trends and the current corrective phase, a continuation of the bear market is anticipated through the end of 2023 and possibly into early 2024. It is important to note that the cryptocurrency market is highly volatile and subject to rapid changes, so constant evaluation of market conditions is necessary.
Target Price and Fibonacci Golden Pocket:
During the extended corrective phase, a key target price range emerges between $11,200 and 10200 even to $9,300. This range corresponds to the Fibonacci golden pocket, which often serves as a strong support level in price corrections. Traders should keep a close eye on this range as it may present attractive buying opportunities for those with a long-term perspective.
Anticipating a Bull Run:
Following the completion of the corrective phase and the achievement of the target price range, an optimistic projection suggests the initiation of a new Bitcoin bull run that could extend into the end of 2024. This anticipated bullish momentum may drive Bitcoin's price to new heights, attracting renewed investor interest and potentially surpassing previous all-time highs.
Conclusion:
As the Bitcoin market undergoes a correction phase, it is essential for traders and investors to exercise caution and closely monitor key support levels such as $15,500, the Fibonacci golden pocket range of $11,200 to $9,300, and any potential signs of a bullish reversal. The cryptocurrency market is highly dynamic, and price movements are subject to various factors, so it is crucial to conduct thorough research and consult multiple sources before making investment decisions. Remember, the future of Bitcoin's price remains uncertain, and market participants should approach it with a well-informed and prudent strategy.
Disclaimer: The information provided in this article is based on the author's personal analysis and should not be considered as financial advice. Cryptocurrency investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any investment decisions.
BTCUSDT 1W INSIGHTAt the time of writing, Bitcoin is trading in the range of 27,400 to 27,600. This level suggests a period of consolidation and potential market indecision. However, it is important to note that a bullish order block has been identified at the 17,000 level. This indicates a strong support zone, which could provide a foundation for upward price movement in the future.
Furthermore, the stochastic oscillator, a popular momentum indicator, is currently indicating an overdue condition. This implies that the market may have been overbought and could potentially experience a correction in the near term.
In my professional opinion, a market correction seems likely based on the available information. However, please remember that market movements are influenced by numerous factors and involve inherent uncertainty. Therefore, it is essential to conduct your own research and exercise caution when making investment decisions.
Looking ahead, if Bitcoin undergoes a correction, it could create opportunities for traders and investors to enter the market at more favorable prices. However, it's crucial to note that the potential target price of 100,000 or above, which I anticipate in the coming months or years, is purely speculative and should be treated as such.
In addition, recent events such as the Bittrex bankruptcy have not significantly affected Bitcoin's price, which can be viewed as a positive sign of resilience and market stability. However, it is important to stay informed about developments in the cryptocurrency space, as unexpected events can influence market dynamics.
Remember, this analysis is based on technical indicators and my own perspective. It is always wise to consider multiple viewpoints and consult with a qualified financial advisor before making any investment decisions.
Bitcoin accurate bottom and top zones
BINANCE:BTCUSDT
This is my market mood indicator. Accurate determine the bottoms and top of cycles.
Based on this analysis on BLX chart and Monthly timeframe we can find something interesting
- Marked Monthly green zones.
- We never seen white color disbeliefe zones.
- Previews 3 times when we saw BLUE color it was a bottom (I was impressed how accurate it play out!!!)
- Now it looks like 2018-2019 period (green box-blue-green)
- So now no euphoria on market. Need to see yellow, orange and top will be again at extreme red
- Hard to say about timing but most likely we will test trendLine at 35-36 (maybe with fake out to 41)
- Then we will see yellow and orange color on indicator and drop to covid trendLines again 21-19 and continue move forward till 2025 March to extreme RED zones and end of cycle.
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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• Look at my ideas about interesting altcoins in the related section down below ↓
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Bitcoin - Near Term🎯 using FibonacciHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Happy New Year !🎉🎇
Whilst many are still in the festive mode, the price of Bitcoin is moving... to the lower side. From a chart analysis, the 0.7 Fibonacci Retracement was tested earlier in December, but as it turns out there wasn't a high demand zone on this support zone. Therefore, the price of BTC could continue to make lower high's until the demand zone is equally balanced with the supply zone, after which we anticipate a period of sideways trading.
By taking a quick look at the technical indicator Phoenix Ascending, we notice the EMA pointing lower sharply, indicating short term bearish momentum is stronger than buying pressure at this level.
This is only a short term analysis for my immediate expectations on the price of BTCUSDT for the coming days. Stay tuned on our channel 👀 because I'll be making a comprehensive outlook on what I expect for BTC during 2023.
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CryptoCheck
BTC to $12,000 in January?Hi
I would like to throw this idea out there. I don't doubt that Bitcoin price will go ballistic in the future. But in the foreseeable future this is what I expect to go down.
Price will bounce back up to around 19.5K and then go all the way down to 12K. I had this thought right at the beginning of the bear market but I felt like it is too
far fetched. Now I am more and more convinced it will happen. At least it will be a good buying opportunity.
What do you guys think?
Thank you!
Bitcoin Is Very Cheap For The Features! Look At Big Pattern!Hi everyone!
I am happy to announce that bitcoin is super cheap for the 4-6 years long term investment.
I dont think i am a crazy. I am a computer engineer that develops trading bot called mikabot and interested in math and artifical intelligence.
I believe in math science. The universe has static math formula for the real life.
When I analyzed the mathematics relationship between the past price, I realized that the past prices were interestingly going through logarithmically strong trend lines and the price fluctuated in the bell curve pattern.
If you look at the chart, the long-term bitcoin price is in a long triangle. I've got two supports down there. In practice, these two support lines did not work yet.
The reason I draw support lines that don't work yet is the possibility of breaking the long-term price pattern.
I gave these 2 support lines 2 names. It is the support line with the lowest nuclear winter(min3). The support line in the middle is a very strong support line(min2). Strong winter is a new support trend line that can occur with breaking triangle pattern. Nuclear winter is the worst possible scenario in the future.
As an engineer dealing with predictive artificial intelligence systems, I believe the most accurate estimate is the widest range of predictions. I am doing technical analysis in parallel with this thought.
Starting from the chart above, the possible ranges of bitcoin prices are below.
2019 => Min=3300 Max=70000 (Min2=1462 Min3=471)
2020 => Min=16000 Max=135000 (Min2=2778 Min3=730)
2021=> Min=32000 Max= 207000 (Min2=7000 Min3=1462)
2022=> Min=73000 Max=505000 (Min2=15180 Min3=2770)
2023=> Min=237000 Max=910000 (Min2=34000 Min3=5720)
2024=> Min=605000 Max=1485000 (Min2=86000 Min3=11290)
Now again, let's take a look at how true Mcafee's claims are not based on any sound mathematical and exaggerated claims. In 2019, there will be no more than 70000 dollars and in 2020 it will be maximum 135000 dollars.
According to technical graph; in the earliest scenario, bitcoin 2024 will be able to reach around 1 million dollars.
Yes, the technical chart says it, but there is a reality on the other side: the need for increased energy in the future and the increasing need of electricity exponentially over the years of bitcoin. This reality may cause the price of bitcoin to break the triangular pattern above. The other reality is that bitcoin will always be king?
If the bitcoin is always king, the pattern above is not broken. The place of a system or a concept that we have always seen in history has never been permanent.
Keep this writing somewhere. Maybe I should have written a technique that might be famous in the future.
Happy trading.
Best regards.
MUIKKA
