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Btctechnicalanalysis

🌟 Exploring Bitcoin's Future Through Logarithmic Regression 🌟I've been delving into the fascinating world of Bitcoin's price trends and came across some compelling insights that I thought were worth sharing. Here's what I found about using logarithmic regression to understand and predict Bitcoin's market movements: The Power of Logarithmic Regression: This method is really intriguing for Bitcoin analysis. It shows us how each cycle tends to bring diminishing returns compared to the explosive gains in Bitcoin's early days. Peering into Future Peaks: Based on this approach, it seems that the next significant peak of Bitcoin could be lower than many expect, considering its current price around $45,000 and historical trends. A Glimpse into 2025: Projections suggest that by late 2025, Bitcoin might reach just over $100,000. However, this might not align with a cycle peak, indicating a more gradual growth trajectory. Understanding Market Cycles: The patterns of Bitcoin's rallies and downturns, along with its interactions with other assets like equities, offer a fascinating glimpse into its market behavior. Altcoins in the Bitcoin Universe: In scenarios where Bitcoin experiences a major rally, it could significantly impact altcoin values. There's also a possibility of a 'double bottom' occurring in the current Bitcoin cycle. The Significance of Regression Lines: Changes in regression lines can lead to notable shifts in Bitcoin's price. This concept was particularly evident in the 2018 cycle. Current Price Considerations: Analyzing the current price in relation to trendlines indicates potential highs and lows. Reaching a $100,000 mark seems plausible, but going as high as $300,000 in the current cycle could be more challenging. Bitcoin's Market Dominance: Despite potential fluctuations, Bitcoin's dominance in the market seems poised to continue its upward trend, offering a level of stability in the volatile crypto world.
CRYPTO:BTCUSD
by neoishere
Bitcoin (BTC) Short SetupOKX:BTCUSDT.P Short 1W Rising wedge + Entrance 31745 = Exit 18475 I am interested in your opinion on this algorithm of actions deposit 20% of asset order 20% of deposit leverage ×20 cross margin take profit 25+-% of order stop loss 5+-% of order day loss 1% of deposit RR 1 to 5 Entry on negative news background + At negative mood of trendsetters + No nearby reports, speeches + Bearish chart and candlestick patterns + A pool of indicators signalling a downtrend #DYOR
CME:BTC1!Short
by FelixVexelman
BTC to drop 7% before it goes up againBitcoin (BTC) is currently on the cusp of a market adjustment, with projections suggesting a potential drop of approximately 7%. This anticipated decrease is seen as a part of the normal ebb and flow characteristic of the cryptocurrency market. Such fluctuations, while often unpredictable, are not unusual for digital currencies like Bitcoin, which are known for their volatility. This upcoming decline in BTC's value is expected to be a temporary phase, influenced by various market factors and investor sentiments. Despite the imminent drop, market analysts are optimistic about Bitcoin's recovery post-decline. Historically, Bitcoin has shown a remarkable ability to bounce back from dips, often achieving higher values post-recovery. This pattern suggests that the forthcoming decrease could present a valuable buying opportunity for investors. Those who purchase Bitcoin during this dip could potentially benefit from significant gains during the expected rebound. This strategy of buying low and selling high is a common practice among cryptocurrency investors, who capitalize on these market cycles. Looking ahead, the forecasted dip in Bitcoin's value is viewed as a short-term event in the broader context of its market trajectory. The cryptocurrency is expected to not only recover from the anticipated 7% drop but also potentially reach new heights. This optimistic outlook is based on Bitcoin's past performance and its growing acceptance and integration into mainstream financial systems. Investors who weather the temporary downturn and hold onto their assets are likely to see their patience rewarded as Bitcoin continues to evolve and gain traction in the global financial landscape.
BITSTAMP:BTCUSDShort
by TotoParasca
BTC | Bitcoin | Final Gameplan | Overlook and price targetAs its been almost over a year since i posted an analysis on Bitcoin its about time with the current strong uptrend. In my idea i compared the two bull markets of 2017/2018 with the one from 2020/2021 and showed how similiar they were. To quote from my previous analysis (You can find a Link to the original post below) #### 1. We created a top (orange circle) 2. Downtrend and retest of the 50% of the swing 3. Uptrend from the 50% and creating a swing high that takes out a big upper resistance 4. Again going towards 50% but this time no big demand showing up 5. Fall under the 50% - this is where we are now in the current swing If we continue like in the first swing we should see price falling towards the 23.60% level which interestingly is in confluence with the big resistance level (orange line) that created the 2017/2018 top. ### The last part happened recently, however i expected a deeper correction. I still expect a drop to the orange area around the 23.60% Fib level. This also happened before the 2020/2021 bullmarket started. I marked (arrows) two potenial scenarios that i can see happening. Currently i favor the blue scenario. In both cases the orange area where i look to add further spot BTC and additional leveraged positions. Both scenarios are also based on another occurance that happened between the 2 previous bullmarkets: A retest and breakdown of the resistance level that stopped the uptrend / bullmarket. (see the 3 green circles) Target for the next Bullrun Current target: Around 225 000 USD. Thoughts why this target: - The 361.80% Fib extension of 2017/2018 bullmarket was also the ATH of the 2020/2021 bullmarket - 100 000 USD / Bitcoin seems to be expected by too many people, therefor many might sell there and be surprised by the harsh movement up after. We can see the uptrend of 2020/2021 was the harshest after price passed 30k and 40k - catching many traders offguard. Good luck Disclaimer: - My posts are mostly for my own journaling - This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor. - You trade entirely at your own risk - Make your own research - Finance and trading is evil, capitalism is bad, duh ;)
BITMEX:BTCUSD.PLong
by a_tale_of_bulls_and_bears
BTC future!Last week, Bitcoin transactions exceeding $100k, often associated with 'big' investors, reached a year-to-date high of 23,400. According to data from IntoTheBlock, this increased activity coincides with Blackrock (NYSE:{13078|BLK}}) filing for an ETF and is said to have increased interest in Bitcoin among large and small investors. organizations. The U.S. Securities and Exchange Commission (SEC) is expected to approve several spot ETFs next year. This development has the potential to push Bitcoin's market value to FWB:42K or more.
BINANCE:BTCUSDLong
by D-Venn
BTC overview and ask for your altcoins BTC / USDT BTC succeeds to breakout the resistance of 32k (monthly resistance) yesterday first time since may 2022! We can see also a successful breakout retest what does that mean ? – The 30k to 32k level should act now as support /buy area until broken for the next pump toward 40k region ! – NOTE : The price has filled the CME GAP at 35k There is another major CME gap around 21k and in order to fill this one we need a big big FUD ,but for now we cant talk about this scenario as long as we closing weekly above 30k Summary: My current bias now is bullish as long as we close weekly above 30k Don’t forget to show your support by like(rocket) and comment⬇️ Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can
by Babenski
108
Are Bitcoin and Commodities Rising from the Israel-Hamas War?Factors Affecting Price: Bitcoin has historically been bullish in the month of October with green monthly candles for 8 out of the 10 last years in the month of October (80% probability). October of 2023 has also been extremely bullish with a lot of hype surrounding the Bitcoin ETF. However, commodities such as GOLD and Silver (SLV) also had significant spikes over this same time period. I think that Bitcoin is also benefitting from the Israel-Hamas War, and that this conflict is contributing to Bitcoin's rise in value. Bitcoin shares a lot of similarities with GOLD and SLV due to their store of value. Fiat currencies around the globe are also at risk due to high U.S. debt, irresponsible spending from the U.S. government, and the higher interest rate environment. Bitcoin's Price Action: Bitcoin has been pretty bearish since the highs in mid July, and has started a strong upward rally shortly after the Israel-Hamas conflict. This date is marked by an orange circle, and a similar rally can be found on GOLD and Silver. It seems that the war is helping to drive up the price of Bitcoin and commodities. Key Price Levels: The two yellow trendlines at $30.7k and $34.8k are key resistance levels. BTC easily broke through $30.7k, but has been suppressed by the $34.8k resistance line. If BTC does break above the $34.8k resistance line, my key price target is the light blue trend line. This price target increases over time so this prolonged sideways price action will lead to a higher price target if BTC does continue this bullish momentum. If BTC pulls back, I would look for a bounce around $30.7k on the way down.
BITSTAMP:BTCUSD
by realchartchamp
BTC/USD Weekly Analysis Update - Bear Correction Incoming?BTC/USD has broken out of the $25,000 and $33,000 trading range, reaching $35,000 and nearing the top of the bull channel. Does this mean the next bull run has begun? Unlikely. I believe we are missing a few key events before we see a bull run to the next all-time high. BTC has yet to touch lifetime support as it has the last 2 out of 3 bull runs to new all-time highs. In August 2015 and March 2020, the price action touched lifetime support in a final capitulation before hitting new highs. The only exception was the 2011-2013 bull run. We have also not had the March/April 2024 BTC halving, which has happened prior to every bull run to new all-time highs. The weekly RSI is also near overbought levels, and while that is a weak indicator on its own, it supports these data that indicate we need more downside before the next bull run. The #1 signal in my analysis is the contact with lifetime support. If contact happens within months of the BTC halving, the price would be around $21,000. Contact with lifetime and support and the BTC halving event would be the ultimate bull signal in this Weekly analysis. On the Weekly chart, I would wait for the price to fall below $25,000 before buying more BTC. We do not yet have a short signal or confirmation of a failed breakout, so it would be wise to wait before entering a short. The shorter timeframes are another story, an additional analysis I will post soon zooming into the hourly candles. As always, trade at your own risk, you are responsible for your trades. I hope this analysis was insightful and useful. Trade wisely and let us know what you think in the comment section below!
INDEX:BTCUSD
by TraderEngineering
BITCOIN: IN HOURLY TIMEFRAME. BTC Update: The daily close on BTC was below $30k which created a doubtful situation to re-analyze the chart. This time, let us analyze the BTC chart in an hourly timeframe to get a short-term view. In this chart, we can clearly notice that BTC is following the rising wedge pattern. If BTC has to drop then we can expect it to reach the pocket support (shown in the chart). In a worst-case scenario, BTC breaking down below the pocket support will surely invalidate the chart and the price might reach as close as $28.7k. Bounce back levels: $29.5k / $28.7k. P.S. ~ A move toward $32k to BER:33K is still valid. What's your take on this? Let me know on the comments. Thank you for reading and trade safely. Regards, Team Dexter.
BINANCE:BTCUSD
by Dexter_The_Trader
Where to from here on BTC part 2This is continuation of the Series of posts on Bitcoin, where I will look at where BTC price is headed in coming weeks and months. Link to first part is in the description. What you are looking in the is a Diamond, it's an extremely common pattern that appear repeatedly, at key inflection point, on all time frames, and this is by far the most accurate pattern that I have encountered in terms of measured move it produces on breakout. I find the results to be most accurate when I follow the following two rules when looking at a breakout of price from the diamond. A breakout is considered valid when at least one candle closes outside of the bounds of the diamond, with respect to the timeframe its drawn on. A breakout is only valid if it happens from the 4th Quadrant of the diamond as highlighted in the chart. The targets of this diamond are highlighted in the chart, to the upside it will hit close to 34K, to the downside around 20K. These targets are not the ultimate highs/lows, but usually this is where the next accumulation/distribution ranges are formed before making another move. Now let's look at some other examples of the diamonds that appeared in the past and played out perfectly. These are all on Daily time frame, if you know how to find them and draw them, they appear on all timeframes. The only thing is that you need to know how to draw diamonds accurately and how to anticipate an incoming diamond formation before it even forms. Please let me know in comments if that's something you want me to cover in another post, I will be happy to share.
BYBIT:BTCUSD.P
by zakoraio
Next BTC ATH , What and WhenThe chart posted is very simple to understand. Bascially I have manually fitted a curve around the cycle highs and lows of bitcoin on a logarithmic scale and have measured the time it took for btc to tap the top curve once it has tapped the bottom curve, and it comes around 850 days approx. This measure estimates the next BTC high to be approx 112000 USD around mid of 2025. This curve also indicates the bottom is in for bitcoin at 15000 USD for this cycle , it can only be violated , in case of a black swan event like it did in march 2020.
BITSTAMP:BTCUSD
by zakoraio
BITCOIN PRICE ANALYSIS AND NEXT POSSIBLE MOVES !!BTC 4H Chart Update & Possible Move Near !! •BTC    Two Times Failed To Break its 1D Resistance & Now price moving Toward its 4h imporatant support area. • in any condition BTC    Price need to stay above 26.6k$ Other wise Next stop is 25k$-24.5k$ • MACD &RSI are Bearish. • FOMC Meeting results also expected Negative. • Maximume Chances we see Drop in BTC Price. Riskmanagement Tip :- Currently do Trade with minimum Fund if we see big crash in markete or big pump then We Buy somthing✌. FOLLOW US FOR MORE FREE ANALYSIS !!
by CRYPTOPLAYERS-01