Btctothemoon
BTC will continue to consolidate or continue to grow?
At the beginning of the week, digital assets were under pressure from long-term negative factors, a general decline in investor interest in digital assets, and expectations of the start of tightening of the US Federal Reserve's monetary policy. However, the “bears” failed to break the key support levels down, which led to corrective growth. At the end of the week, the strengthening of the market was supported by the head of Tesla Inc. Elon Musk. He stated that as BTC mining increasingly relied on renewable energy sources, his company might start accepting it as a means of payment again. Musk also confirmed that Tesla Inc. and Space Exploration Technologies Corp. (SpaceX) owns BTC, and the entrepreneur himself, also to the first cryptocurrency, also owns ETH and DOGE.
The comments made by US officials this week are also worth traders’ attention. Treasury Secretary Janet Yellen called for the early creation of a regulatory framework for stable coins, as the volume of their use as a means of payment was growing rapidly, which might pose potential risks to the country's financial system. The new chairman of the SEC, Gary Gensler, is of the same opinion. He recalled that today, many platforms around the world created cryptocurrency tokens, the price of which was based on various securities. Such products are subject to securities laws and the companies that issue them must adhere to these laws.
Technical Analysis
Just buy the dips.
btc possible predictionnot sure just a prediction by a beginner. there are two possibilities in which 28000 can actas a fkin major support . it can drop to 28000 because of grayscal unlockk on 17 july. it has 16000 reserves of btc. many huge instituition might sell it so its price can go down to 28000 and then the targets of many bhuge instituion and whales will achieved and the price can blow up.
2nd scenario. if those institution wont sell huge amount so it can make 30000 as its suppoort.
thank you.
its not a financial advice, its just a prediction by a rookie. thank you
BTC/USD correction finished?So price hit 30k and this is a little higher than 0.618 Fib. Now this is healthy correction. On 4hr we can see that wave C have 12345 form and wave 3 completed. Now we are waiting for wave 5 and buy it. First target after correction finished is 52k as 50% from ABC correction. But make it clearly correction is not finished yet. You can buy it in 27-37k range. If it goes under 27k, this is not healthy correction and things can go down to 16k etc. So be reactive and keep calm. BTC and all cryptos will raise UP anyway, but now we need to get this correction and wipe all random buyers out.
CRYPTOWATCH // 03: The magic Bitcoin (28 April 2021)LIVE CRYPTOWATCH: I found a Bitcoin on my total cryptocap chart, I dont know what its doing there but I have this feeling something is about to happen when hits the Bitcoin... Maybe its just nonsense but maybe you might wanna check in at 21.00 CET tonight. ;)
Also check my other crypto watch charts; always something happening when I post these... (probably just a coincidence)
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
BITCOIN AnalysisUpdating the last post.
BTC going down as spotted, healthy correction.
Touched the second zone I had market today and it started to have some minor pullbacks, specially if you check the 4h chart.
My expectations for BTCUSD is $43.7k as a good dip to add more buys, it's already at good price, everyday it is a good price if you're holding long term with the expectations of 100k USD, but also doing DCA it's already a good discount from what it was before.
I believe in the crypto ecosystem and this post here for me is just more like a journal to see how things pan out in the future.
I can only imagine how Michael Saylor is loading the bags now again haha
I'm waiting for the bnb project in the 1263$ little moon ! I'm waiting for the bnb project to sell 50% of my baby bnb's in the 1263$ little moon then at the biG reAL MOon (I 'll be coverig the real one late this 2nd coronA SuMMer ^_^ Do not sell you presious bnb(s) instead you can buy extra bags of those wonderful USsfUL tASTy coins ^_^ ! (for me bnb is more conviniente that btC (it's more secure, it's faster and it's the best Exchanger worlwide Coin extreamly crucial for trading !!!! So !!!! Do not sell it those babieSSSSSSS ^_^
BTC Dupming ScenarioBTC has chosen the Correction Path with a nice Reversed Cup & Handle Pattern Leading to a Short To Mid-Term Correction
#BTC will land on 33K Level on Short Term Then 30K In Mid-Term Altough,the only way that if it happens it leads to expand the correction to Mid-term is that the major support level on 33k gets broken hardly.
#possible Long Scalping Setup On 33K Level.
**My Other Idea About BTC which i showed the Correction From 38K is hidden... why tradingview ?
Third Time’s the Charm! Bitcoin Achieves Resistance BreakthroughBitcoin has already tried and failed to break the newly formed $16,000 resistance twice. The third time was a charm and a breakthrough was finally achieved.
Current Uptrend Analysis
Since October 8th BTC has been in a near-constant uptrend, growing by more than 50%. One of the best indicators for judging the uptrend on the 4h chart is the 50 EMA. The 50 EMA has stayed below the price during this bull run and acted as a support upon which the BTC’s price has retraced to, before pushing higher. The 50 EMA acted as support after both failed attempts at breaking $16,000.
The Bollinger Bands have also been a useful indicator to judge this uptrend. When the Bands widened, the volatility increased, and BTC showed a clear trend closely following the upper band. When the bands tightened, BTC was locked in a range. The Bands are currently somewhere in the middle, not very wide but also not very tight.
Another critical aspect to note is that we have seen BTC making higher lows during this uptrend. The fact that it continued making higher lows holds weight, as it showcases that the coin is still very bullish, and the uptrend doesn’t look like it will face a significant correction at the moment.
Breakthrough
Yesterday Bitcoin finally succeded in breaking the $16,000 resistance. The price has edged ever closer to the resistance, and then it finally achieved a breakthrough. The price may now retest $16,000 to confirm the breakthrough before moving higher.
The next target for Bitcoin now stands at $17,000. This level acted as an important resistance during the December 2017 bull run.
Bitcoin Halving History And PredictionsCryptohopper Newsletter
BTC has continued its rebound, and it is now 90% up from its lows this year at 3,800$. With the halving about a month away, many BTC enthusiasts and investors expect the price of the asset to continue its uptrend. Today we will examine the past two halvings and give out our predictions for how the third halving will play out based on the past data.
Without further due, let’s take a look at the previous halvings and at our predictions for the third!
First Halving
The first Bitcoin halving occurred on November 25th, 2012. The price of Bitcoin before the halving was only 12$ . After the halving, the price increased by more than 9,000% to 1,160$ in about 1 year. This was followed by an 86% market crash over the course of 420 days. After a long period of consolidation of about 300 days, the price started to increase again before the next halving.
Let's now take a look and see how similar or different the price behaved during the second halving.
Second Halving
The second Bitcoin halving occurred on July 9th, 2016. The price of Bitcoin before the halving was only 650$ (half of the previous high) . After the halving, the price increased by almost 3,000% (only a third compared to the other one) to 19,500$ in about a year and a half. This was followed by an 84% market crash over 364 days. After a shorter period of consolidation of just over 100 days, the price started to increase again before the next halving. Sounds similar? Well, that’s because it is. The price followed an almost exact pattern from the first halving.
We will now move on to our predictions of the third halving based on the data gathered from the previous two.
Third Halving
The third halving is set to occur on May the 13th. If the third halving will follow the other two, then the price of Bitcoin should be around 9,000$-10,000$ around the time of the second halving (half of the last high). After the second halving, the price should increase by about 1,000% if it is to follow the tradition of increasing 3 times less than the previous halving. If all of the previous statements turn out to be true, then we could expect BTC to reach around 90,000$-100,000$ after the third halving. The price should then follow a correction of around 80% down to 20,000$ .
In short:
We expect the price to be around 9,000$-10,000$ around May 13th.
We expect BTC to reach around 90,000$-100,000$ at its next peak.
We expect the price to follow a correction down to 20,000$.
These are of course our expectations based on how the price behaved over the previous 2 halvings. The price won’t necessarily occur following the exact steps we displayed here. As with technical analysis in general: the price tends to follow historical patterns but it doesn’t have to.
If the price will behave similarly to the first two halvings, then trend-following indicators will be very useful in identifying the trend and riding to the moon. Join us on Cryptohopper today and take advantage of the next halving by automating your trading.
A clear and simple analysis about the current BTC priceMany people tought that when btc rose to 13k again we would start the railing way earlier, but guess what, we are at 6k again and on the next few months we will start our journey to Jupiter, don't worry about this bear market bois, we've surpassed the asteroid belt and now after going to the moon, mars, and now surpassing the asteroid belt, the journey is surely to the MOON!!!
BTC - Might never see $7400 againThese are my thoughts:
BTC has formed a massive falling wedge pattern and is roughly around 200 Days long.
We can expect a break out of the pattern within 135 days, but this doesn't mean it won't break before then... Meaning possibly sooner than everyone expects.
Everyone was bearish. Let's be honest here, everyone was saying "bitcoin is doomed, this has been a fake bull run and we are in a bear market". This shows that when the masses think the same way, you should be considering the opposite...
- The daily 'death cross' has been postponed, and it has not been confirmed for the EMAs 50 and 200. This shows the strength of the bulls wanting to step in just before there was a confirmation of a prolonged downtrend.
- Bitcoin has bounced off the 0.618 Fibonacci level at $7300. This shows that the massive move to 14k has had a very healthy and deep retracement, confirming this is one huge consolidation.
A Fib from 14k to the low at 7400 shows that there are two key target areas if this pattern breaks:
0.5 = $10600 and the 0.618 = $11400.
There is also a measured move that targets a higher price, roughly around $12000 which is a nice round number, bitcoin often is supported and resisted at whole numbers like 10k, 11k, 14k etc...
- This is a key point I would like to make, and that is the Monthly has come all the way down to touch the 10SMA after it has recently had a bullish cross with the 21EMA. In a previous analysis, I showed that BTC has previously been pulled into a cross like this on the Monthly, before an explosion in the price leading to ATH's.
This chart shows that BTC has FOR NOW bounced off the 10 SMA and the 0.618 Fib.
- Bitcoin is likely to be rejected on the first pass around $9900 because of the support line made from July - September.
If you haven't already considered buying bitcoin, and you want lower prices then you might want to reconsider. Because if this breakout is confirmed on even a 12H closing basis above the trend line, then there is nothing stopping it from reaching 10k plus as a minimum.