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BTC Bitcoin Technical Analysis and Trade Idea👉🔍 In this analysis of BTC Bitcoin, we examine higher time frame charts that show a bearish trend with a retracement into resistance. I anticipate a possible sell opportunity given that the market is overextended and trading into resistance. It’s crucial to understand that this is speculative and not a guaranteed forecast. Watching for specific price movements to confirm a buy or sell is essential, as explained in the video. This video offers a detailed look at the trend, market structure, and price action. Keep in mind, this content is for educational purposes only, and trading carries significant risk. Always use robust risk management strategies in your trading practices. 📈🔔
Short
by fxtraderanthony
Bitcoin Dominance at key levelBitcoing dominance at a critical level now. If BTC.D break upper line with weekly candle, BTC will pump more and BTC will make a new ATH in 2024. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CRYPTOCAP:BTC.D
by rukshan2102
1
Bitcoin Halving: A Historical Look at Price and ScarcityThe Bitcoin halving cycle, a programmed event that roughly cuts the block reward for miners in half every four years, has become a focal point for investors and enthusiasts alike. Historically, these halvings have been followed by significant price increases for Bitcoin, leading many to believe they are a reliable indicator of future bull runs. However, the relationship between halvings and price is more nuanced than a simple cause-and-effect scenario. The core principle behind the price impact lies in scarcity. By reducing the rate at which new Bitcoins are created, halvings limit the overall supply. In a market driven by supply and demand, a decrease in supply can theoretically lead to an increase in price, as long as demand remains steady or increases. This anticipation of scarcity often fuels a price rise in the months leading up to the halving event. Investors see the limited supply as a bullish signal, prompting them to buy Bitcoin in hopes of future appreciation. However, the price doesn't always experience an immediate surge after the halving. The newly minted Bitcoins are a significant reward for miners, who contribute computing power to validate transactions on the Bitcoin network. The halving essentially cuts their income in half, which can lead to a temporary decline in mining activity, impacting the network's hashrate (total computing power). This initial drop in hashrate can cause a period of price consolidation, where the price trades sideways as the market adjusts to the new supply dynamics. The recovery from this consolidation phase is often described as "weak miners dying and hashrate recovering." Less efficient miners, who can no longer operate profitably with the reduced rewards, are forced to shut down their operations. This reduces the overall hashrate and makes the network more efficient as only the most powerful miners remain. As the hashrate recovers, typically within a few weeks or months, the price can experience a significant breakout, fueled by both the scarcity effect and renewed investor confidence. Looking at historical data, this pattern seems to hold true. Following the 2012 halving, the price of Bitcoin rose from around $11 to a peak of $1,100 in November 2013. Similarly, the 2016 halving was followed by a rise from $650 to nearly $20,000 by December 2017. The 2020 halving coincided with a bull run that saw Bitcoin reach an all-time high of over $69,000 in 2021. However, it's important to remember that these are just a few data points, and the cryptocurrency market is notoriously volatile. External factors such as economic conditions, regulatory changes, and broader market sentiment can also significantly impact Bitcoin's price. The most recent halving, which occurred in April 2024, presents an interesting case study. While the price did experience some pre-halving anticipation, it hasn't yet reached a new all-time high. Additionally, the hashrate recovery has been slower than in previous cycles, taking over 60 days compared to the 24 days observed in 2017. This could be due to a number of factors, including the ongoing global economic uncertainty and the increasing energy costs associated with Bitcoin mining. Only time will tell how the 2024 halving will ultimately impact the price of Bitcoin. However, by understanding the historical trends and the underlying economic principles at play, investors can make more informed decisions about their Bitcoin holdings. The halving cycle serves as a reminder that scarcity can be a powerful driver of price, but it's just one piece of the complex puzzle that shapes Bitcoin's value.
BITSTAMP:BTCUSDShort
by bryandowningqln
$BTC symmetrical tringle bullish pattern?CRYPTOCAP:BTC is in a rising symmetrical triangle pattern. This is a bullish pattern that usually breaks in an uptrend. We might touch the resistance at the EMA 100 before reversing to the upside, so be patient. The MACD is not reset yet, and the RSI is showing many divergences created by the unexpected selling pressure that could not be forecasted by the chart. However, the signs of a reversal are present, assuming that the selling pressure will stop. The CMF is at the bottom, showing fear, and since it cannot go lower, it should recover. The RSI on the daily is close to the bottom, indicating a soon reversal to the upside. In case of continued selling pressure, an invalidation of the chart would bring the support to the EMA 200 at 58k. Let's hope that does not happen.
Long
by CryptoNikkoid
3
Bitcoin Price Fails to Recover Above $62,500 Resistance ZoneBitcoin price failed to recover above the $62,500 resistance zone. BTC is showing bearish signs and might decline again below the $60,000 support. Bitcoin started a recovery wave above the $61,200 zone. BTC even attempted a move above the $62,000 resistance zone. However, the bears were active near the $62,500 zone. A high was formed at $62,454, and the price is now moving lower. There was a move below the $61,500 level. The price declined below the 23.6% Fibonacci retracement level of the upward move from the $58,448 swing low to the $62,454 high. Bitcoin price is trading below $62,000 and the 100-hour simple moving average. There is also a major bearish trend line forming with resistance at $61,850 on the hourly chart of the BTC/USD pair. The price is now stable above the 50% Fibonacci retracement level of the upward move from the $58,448 swing low to the $62,454 high. If there is another increase, the price could face resistance near the $61,500 level. The first key resistance is near the $61,850 level and the trend line. The next key resistance could be $62,000. A clear move above the $62,000 resistance might start a steady increase and send the price higher. In the stated case, the price could rise and test the $62,500 resistance. Any more gains might send BTC toward the $63,500 resistance in the near term. If Bitcoin fails to climb above the $62,000 resistance zone, it could start another decline. Immediate support on the downside is near the $60,450 level. The first major support is $60,000. The next support is now forming near $59,500. Any more losses might send the price toward the $58,500 support zone in the near term. Short-Term Buying Recommendation If there is a clear move above the $62,000 resistance level, with a strong breakthrough of this resistance, Bitcoin price could begin a steady increase towards the $63,500 level. In this case, consider buying at the breakthrough of $62,000 and targeting $63,500 for short-term profits. Place stop-loss orders at the $60,450 level to minimize risk. Selling Recommendation or Avoid Buying If Bitcoin fails to climb above the $62,000 resistance zone, it is likely to start declining towards lower support levels. The first major support could be at $60,000 and the next support at $59,500. In this case, it is recommended to sell Bitcoin if there is a move below $60,450 or avoid buying until clear positive signals appear.
COINBASE:BTCUSD
by bbitar
BTC Bitcoin Technical Analysis and Trade Idea🔍 In this BTC Bitcoin analysis, we explore the higher time frame charts which currently indicate a bearish trend for Bitcoin. However, the price action on a 15m timeframe suggests a possible short term reversal. It's important to note that this is speculative and not a guaranteed forecast. It's prudent to watch for certain price movements to verify a genuine reversal. This video provides a close look at the trend, market structure, and price action. Remember, this content is for educational purposes only and trading carries significant risk. Always ensure you implement strong risk management strategies in your trading practices. 📈🔔
by fxtraderanthony
25/6 update to yesterday update: BTC 9:00 UTC-4 18/6/2024 Short Hello everyone, looks like yesterday's call: "In my opinion, there is still potential to move to Lower prices, but we need to take a close look at how the price will behave around 1M ATH Close price @ 61.375$. If we are able to blast through it, my next expected target would be 58.500$." - comes to fruition once again. Extra 5% in the bag for those who stuck with trade at least partially. So what's Next? As we can see, after we arrive at our target 58.500$ we got immediate bounce back to the price I told you to keep an eye on. Reason Why I already mentioned several times in my previous posts. As for my next trade, I can still see odds in favor of continuation to Lower price targets - 58.500$ again and depending on How it will act around that price on a 1-5-15min chart determine if we can see further bleeding or we bounce and revisit Higher price. So for now, I'm of the opinion that if we reach around 61.375$ to 61.500$ again it would be still a great Short entry area. Having in mind that I will be using STOP LOSS around 61.850$ as protection in a case I'm WRONG and we go to the "bounce target" I mentioned yesterday which is around 63.8k$-64.2k$. If that happens, that would be my New Short Entry area. Good luck in your trading Joe
INDEX:BTCUSDShort
by cryptocapitaltrading
#Bitcoin Urgent Update!#Bitcoin just hit the yellow box, validating this chart with 100% accuracy. Lesson: Charts don't lie! $60k is a crucial support level, but there's significant liquidity around the $57k mark. I've been cautioning against leveraged trading for weeks. If you've dabbled in it, you know the struggle—pain and depression are part of every cycle. The market often reverses right after you give up on your altcoin bags and close leverage positions at a loss. It's a recurring pattern. So, I've been advising to stay away from leverage. Even my altcoin holdings are down, and I'm not buying yet. When I do, you'll be the first to know. Follow for more updates and don't forget to hit the like button if you find my insights valuable. Thank you. Stay strong. WAGMI #Crypto
by Cryptorphic
4
BTC 2week trading strategy May 27- June 10No-need to hurry to enter the market until current futures contract expiration date on the 30th of May (vertical orange line). Also summer is usually not the best period for breakouts due to holiday season. Best-case: BTC price breaks through 69650 intraday resistance level confirming continuation of a short-term trend which started on the 1st of may (short violet dotted line). This trend will continue going upwards to break ATH or at least it will be transformed into a range between 66450 and 70500 before breaking ATH. Base-case: There will be a deeper pull-back to 64500, as a consolidation before ATH break. Overall the decline will be temporary and not too deep to break the medium-term trend which started on the 11th of Sep 2023 (long violet dotted line). Worst-case: Deeper pull-back to the current key supoprt zone (green rectangle) which will confirm that short-term and medium-term trends are over and the longer consolidation will be needed to break ATH (similiar to summer 2023). Trading strategy: Stop-limit at 69650 for the best-case scenario. however entering the market with 1/3 of max risk per trade limiting exposure to the worst-case of price locking in medium-term range (56500-72500) preserving flexibility to make another entry for base-case in case of a deeper pull-back to 64800, or after ATH break-out at a higher price. in case of the worst-case confirmed, reconsider whether it's still reasonable to hold the trade stop-loss below 50000 for a black-swan event to protect deposit from margin call. It is highly unlikely that this stop-loss will be trigerred accidently for the coming two weeks.
INDEX:BTCUSDLong
by Cassandra299
2
BTC update to: BTC 9:00 UTC-4 18/6/2024 Short TradeHello everyone, Looks like our trade was delivered even though it took longer than was expected. So everyone who took the same trade, congrats on your profits! Aswell, I would point out How after I called for a lower price we went lower by around 1.85%, and How after that we visited the price I expected that is possible to reach for a great Short entry around 66.478$ (not so far from 66.500$) before our move unwind. With that said, I hope everyone who took the same trade already took some profits off to pay the trader. Now, to the harder part. And that's How to manage correctly trade if you still left some portion of your Short entry open. In my opinion, there is still potential to move to Lower prices, but we need to take a close look at how the price will behave around 1M ATH Close price @ 61.375$. If we are able to blast through it, my next expected target would be 58.500$. On the other hand, if in the upcoming hours price struggles to go lower than 61.3-61.5k$, I would expect it to bounce back a few % and that would be an opportunity to Open New Short trade. -> (around 63.500$ to 64.200$) I will update further once I get more confirmation about What is more probable to happen next. Joe
INDEX:BTCUSDShort
by cryptocapitaltrading