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BTC 🌞 24 Hours Ahead; Weekly Forecast Bullish?The sun 🌞 shines over most of the global crypto market in the next 24 hours, signaling upside potential for both Bitcoin and Ether. However, Litecoin, Ripple’s XRP, and Binance Coin face bearish clouds. ☁️ Over a one-week horizon, the bullish sun will continue to shine over most cryptocurrencies, including Bitcoin and Ether. A bearish trading trend will prevail over some altcoins, such as XRP, Avalanche, Polkadot, and Polygon. ☁️ Follow us for more crypto weather reports!
BITSTAMP:BTCUSD
by ATTMO
Bitcoin Surge Amid Stablecoin ShiftsBitcoin's price surged to a local high of $38,400 on November 24, before retracing to $37,300 at the beginning of Monday. According to Santiment data, the late October to early November price increase of this asset was driven by an increasing supply of stablecoins on exchanges. A similar outcome is expected as stablecoin dominance continues to decline. The rising mining difficulty contributes to network security, making it more challenging to launch attacks on the Bitcoin network. Adjusting the difficulty, along with halving events, ensures that the influx of new BTC into the market will gradually slow down over time. Therefore, the recent spike in mining difficulty is a significant milestone for the Bitcoin network. BTC's rise to $35,000 may be triggered by the increasing reserves of Tether (USDT) and USD Coin (USDC) on cryptocurrency exchanges. According to Santiment's data, from August 19 to October 16, 3.54% of the entire USDT supply and 0.72% of the USDC supply were transferred to cryptocurrency exchanges. Subsequent to these movements was a sudden surge in BTC prices. Santiment analysts believe that the return of USDT and USDC to exchanges, following a recovery period, will fuel Bitcoin's second bullish wave in 2023.
BITSTAMP:BTCUSD
by Gwen_Humuna
Bitcoin 4 dummies Greetings, I have been quiet, weather has been crazy over here. Anyway... here is my thoughts on BTC rn mateos. Although the king has looked to have changed structure, imo we are technically still bullish until we see a 4hr candle close under the simple trend line (Yellow).Targets have been set (Green boxes). I've told my boiz, I expect to see bitcoin at 18k before 40k (which i have now revised to 44.9k). Expect the unexpected, this time things are different and the world is changing rapidly. Remember, nothing is guaranteed, control the controllables. Mogues (#1 DumMy) Here's a song i'm listening to repeat whilst i lern open.spotify.com
by mogues
1
BTC 4h daily analysisBearish flag patter. Equal highs with break out to collect buy side liquidity. Price is showing confirmation above previous highs, but still is in consolidation mode. We can potentially see run up to 39200 with wick above. Fibonacci. Above 0.5 we are in overpriced area. Discount area 0.786 for possible comeback, which would be the same area from where price brake through. It would also confirm blue trend line up. If your bias is short look for short term entries and imbalance area, for bigger trade look for shorts at 39 or above with a sudden price action move. If your bias is long, look for buys at 0.7-1 fib level. 4h has divergence, which shows weakness of buying power.
Short
by MadMundus
BTC Breaks Through $38K Support Target - Time to Go Long!BTC has just broken through the $38K support target, and it's time to take action and go long! The cryptocurrency market has been buzzing with anticipation, and today's breakthrough is a clear indication of the immense potential BTC holds. With this significant milestone, we can expect a surge in momentum and a potential bull run that could lead to substantial gains. Now, you might be wondering why going long on BTC is the right move at this moment. Allow me to shed some light on this. Breaking through the $38K support target strongly signals that BTC has the strength and support to continue its upward trajectory. It demonstrates renewed confidence from investors and a growing interest in the cryptocurrency market. By going long on BTC, you position yourself to benefit from the potential price appreciation that lies ahead. This breakthrough could be the catalyst for a sustained upward trend, which means there's a high probability of capturing significant profits. It's time to ride the wave and make the most of this exciting opportunity! So, how can you take advantage of this bullish momentum? Here's a call to action for you: 1. Conduct thorough market research: Before investing, it's crucial to analyze the current market conditions, consider recent trends, and evaluate expert opinions. Gather as much information as possible to make an informed decision. 2. Set your long position: Once you've researched and feel confident about BTC's potential, open a long position on a reliable trading platform. Ensure you set a stop-loss order to manage potential risks effectively. 3. Monitor the market closely: Keep a close eye on BTC's price movements, news updates, and any significant developments that might impact its value. Stay informed and be ready to adjust your strategy accordingly. 4. Consider diversification: While BTC holds great potential, it's always wise to diversify your portfolio. Explore other promising cryptocurrencies or investment opportunities to mitigate risks and maximize your chances of success. Remember, timing is crucial in the cryptocurrency market, and with BTC breaking through the $38K support target, now is the perfect moment to take action. Don't miss out on this thrilling opportunity to go long on BTC and potentially reap substantial rewards. Let's seize the moment and make the most of this bullish breakthrough together!
BITSTAMP:BTCUSD
by bryandowningqln
Bitcoin Price Targets Upside MomentumBitcoin's price is currently in an upward trend, starting in November 2022. The asset has surged from $15,700 to its local high of $37,991 on November 15, 2023. BTC may encounter resistance around the psychological level of $40,000 in its ongoing bullish trend. The Exponential Moving Averages (EMA) at 10, 50, and 200 days stand at $36,918, $33,848, and $29,590, respectively, potentially serving as support levels for the asset's pullback. In case of a downturn, Bitcoin's price could retreat to the 38.2% Fibonacci retracement level at $35,861, measured from the high of $69,121 in November 2021 to the local low of $15,396 in November 2022.
BITSTAMP:BTCUSD
by Gwen_Humuna
🌟 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) Outlook Amid Regulatory ShiftsBitcoin's price continues to decline, but there's optimism following recent US Department of Justice actions that may pave the way for approving Bitcoin spot exchange-traded funds (ETFs). Analysts point out that one obstacle to approval is the dominance of the Binance exchange in the Bitcoin market, which has shown weakness, recording a 3% decrease for the day, particularly after news related to Binance. Testing a critical support level at $36,788, and with the Relative Strength Index (RSI) indicating weakening momentum, BTC may face a decline. Increasing selling pressure below the $36,788 support within the extended range from $36,276 to $37,301 could present an opportunity for an extended price drop, with experts predicting it could reach the psychological level of $30,000. Currently, the Awesome Oscillator (AO) bars have turned red and are inching towards the daily midpoint, suggesting a gradual bearish takeover. Conversely, rising buying pressure from investors looking to capitalize on the retest of the $36,788 level may push Bitcoin's price higher. Initially surpassing the local peak at $37,972, it could then test the higher range at $37,980 and ultimately achieve the psychological milestone of $40,000, representing a 10% increase from current levels.
BITSTAMP:BTCUSD
by Gwen_Humuna
1
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