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BTC Suprize Or Modification ? !Bitcoin at a Critical Juncture: Correction or Bullish Rebound? Bitcoin finds itself at a pivotal moment, poised for either a substantial correction or a defiant surge that could defy expectations. Scenario 1: Modification phase In this scenario, Bitcoin could embark on a downward trajectory, potentially reaching $63,400 followed by $59,900, and ultimately aiming for a target of $57,000. As evident from the chart, there are numerous support levels along the way, each with the potential to halt Bitcoin's descent and reverse its direction. However, the ultimate target remains $57,000, where a significant consolidation phase could ensue. Scenario 2: Bullish Surprise An alternative scenario presents a bullish surprise, where Bitcoin could consolidate around $66,700, gathering the necessary liquidity before making an unexpected move towards $68,900 and potentially reaching $72,000. Your Perspective Based on the current market dynamics and technical analysis, do you anticipate Bitcoin to take a short position or a long position? Disclaimer: It is crucial to emphasize that this analysis does not constitute financial advice. Cryptocurrency trading is inherently risky, and individuals should conduct thorough research and exercise due diligence before making any investment decisions.
by Crypto-Oracle1
#Bitcoin Daily Update!BTC/USDT Technical Analysis! 🔹 Current Price: $68,390 🔹 Strong Support: $62,433 🔹 Resistance: $73,000 BTC closed with a red daily candle at $68398 and is still trading sideways. It recently broke out of a symmetrical triangle, indicating potential upward momentum. This sideways PA is the reason why Alst are breathing green. Watch for a break above $73,000 for further gains towards $81,000. If it falls below $66,400, it may retest $62,433 level. dyor, nfa #Crypto CRYPTOCAP:BTC #bitcoinalpha Please hit the like button to support. Thank you #PEACE
Long
by Cryptorphic
1
Bitcoin Rainbow Chart hints at the right buying time | 28.05www.blockchaincenter.net Investors’ confidence in Bitcoin (BTC) has somewhat dwindled as the king of crypto fails to go above $69k. However, the Bitcoin Rainbow Chart revealed that BTC was actually mimicking its 2020 trend post-halving. The revealed that after months of its third halving, the Bitcoin Rainbow chart revealed that the coin entered the “BUY” zone. After remaining in that zone for a few months, BTC’s price skyrocketed. A similar trend was seen in BTC’s 2024 Rainbow chart, as it indicated that the coin was in the buy zone. If that is to be considered, then this might just be the last opportunity for investors to buy BTC at a lower price before it moves up and enters the accumulate and HODL zones. Like metrics, most of the technical indicators also looked bearish. For instance, the MACD displayed the possibility of a bearish crossover. The Relative Strength Index (RSI) registered a decline, indicating a price drop soon. Nonetheless, the Chaikin Money Flow (CMF) remained bullish as it went northwards. WHITEBIT:BTCUSDT
Long
by paul_endeo
Bitcoin price analysis | 27.05A detailed analysis of the daily chart shows that the $72K-$74K price range has acted as a formidable resistance for bitcoin, halting several upward attempts in recent months. This range is characterized by a high level of supply, resulting in substantial selling pressure and making it a challenging barrier for BTC buyers to overcome. Bitcoin buyers have been attempting to break through this significant resistance area for several weeks. A sudden breach above this critical juncture could trigger a notable upward movement due to a significant short-squeeze event, potentially leading to a new all-time high. On the other hand, this pivotal juncture could also act as a barrier, leading to a period of sideways consolidation and minor retracements. In this scenario, the 100-day moving average at $64.7K will serve as a crucial support level in the mid-term.
Long
by paul_endeo
#Bitcoin could hit $156,000 by May 27 2025! Here's Why!!BTC is trading at %68500 as we speak. These green boxes represent the price action after #BTC halvings. We've never seen a red year after a halving. Bitcoin halvings are significant events, here are the percentages of Bitcoin's price increase one year after each halving event to date: 1. First Halving (November 28, 2012) - Price at Halving: ~$12.35 - Price 1 Year Later: ~$1,037 - Percentage Increase: ~8,296% 2. Second Halving (July 9, 2016) - Price at Halving: ~$650 - Price 1 Year Later: ~$2,520 - Percentage Increase: ~288% 3. Third Halving (May 11, 2020) - Price at Halving: ~$8,800 - Price 1 Year Later: ~$56,000 - Percentage Increase: ~536% 4. Fourth Halving (April 19, 2024) - Price at Halving:~ $65,415 - Expected Price (1 Year Later): $115,000 - $156,000 - Percentage Increase:~ 127% at $156,000! This return is decent as compared to the previous rallies. Looking at the bigger picture is crucial if you want to see significant changes in your portfolio. If you like this content, consider bookmarking it and sharing your views in the comment section. Thank you! #Bitcoin
CRYPTO:BTCUSDLong
by Cryptorphic
10
BITCOIN MAP MAY 2024 ( ### The Time Traveler's Bitcoin Bet In 2013, a user on the BitcoinTalk forum named "Luke Magnotta" posted a thread titled "I am a time-traveler from the future here to beg you to stop what you are doing." According to the post, Magnotta claimed to be from the year 2025 and described a dystopian future caused by the widespread adoption of Bitcoin. He detailed how Bitcoin had become the dominant currency, leading to severe wealth inequality. The rich controlled most of the Bitcoins, and the rest of the world lived in poverty. The post included predictions about Bitcoin's future price and warned readers about the consequences of continuing to support Bitcoin. While the story was clearly fictional and intended as satire, it captured the imaginations of many in the Bitcoin community. Some took it as a playful, creative warning about the potential risks of Bitcoin, while others saw it as an amusing piece of speculative fiction. The time traveler's post is often cited in discussions about the long-term impact of Bitcoin and serves as a humorous reminder of the imaginative and diverse perspectives within the cryptocurrency community.
COINBASE:BTCUSDLong
by TrojanBible
BITCOIN 325000$ giant cup and handle ALL trading ideas have entry point + stop loss + take profit + Risk level. hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below. Disclaimer
Long
by bullstraders7
BTC/USDT short term scenariosBitcoin opted for the most positive scenario in my previous idea. It represented the most favorable outcome, so I am also hopeful that this is what will unfold. There is a significant liquidation heatmap of + SEED_TVCODER77_ETHBTCDATA:1B at $67,500. Since the bulls have already managed to pump to GETTEX:64K , it would be a shame to miss this opportunity to consume this liquidity. The pump exhausts, and the indicators need to reset lower. Scenario 1: CRYPTOCAP:BTC pumps to FWB:67K and then faces rejection. It shorts down to the first support orange box, then pumps higher again. This represents the best positive scenario. Scenario 2: CRYPTOCAP:BTC pumps to FWB:67K and then faces rejection. It shorts down to the next support, the green box at around GETTEX:52K , and bounces back to the orange area. Scenario 3: a catastrophic one, where CRYPTOCAP:BTC is rejected at the resistance area and dumps down to the red $GETTEX:45K area, leading to capitulation. These are short-term scenarios; anything can happen in crypto, as it is unpredictable. Whales are playing with your money and attempting to deceive you. DYOR (Do Your Own Research).
Short
by CryptoNikkoid
2
BTC bullish patterns are printed BTC / USDT We can see BTC is finally starting to print bullish patterns 1st Pattern : Bull Flag This is strong bullish pattern and will be activated once we breakout the upper purple resistance line 2nd Pattern : Inverse H & S This potential pattern is still under formation If this pattern plays out ..,then BTC could revisit 65k-62k to form the second shoulder before next wild pump &breakout My view is bullish priority for BTC but the question is which scenario will playout ? are we going to make breakout directly or visit the lower levels first Best of wishes
Long
by Babenski
15
Bullish BTCHi i’m Bullish On BTC Reasons. 1. funding Rate are Flipping Negative 2. After Halving it’s 24% down 3. Recover in 2 Days with Volumes 4. ETF’s Approved in Various Countries like USA & Singapore 5. Big Investment company’s are Buying 6. as per Technical RSI It’s creating Strong RSI Indicating for Bullish 7. Trendline Breakout so it will come below test and then going up again so entry will be around 62 with SL 800 Pip from entry 8. Howmuch BTC can go? > it will hit ATH 71k for sure then you can see rejection there it will come and retest again below reentry there and then wait for next ATH 9. All Liquidity are standing above like 70-71k USD
Long
by HarshChaklasiya
#BTC/USDT Latest Update.#Bitcoin: I've said it many times, don't get distracted by short-term price action. The price is likely to hit the $100k mark this bull run. Don't give up when opportunities arise! I'm still holding my longs on LSE:ONDO , NYSE:FET , CRYPTOCAP:DOGE , CRYPTOCAP:RNDR and $INJ. CRYPTOCAP:DYDX Stop loss hit, considering a re-entry. I will also accumulate long in $NEAR. I'll be out for the day, but if anything important comes up, I'll post from my phone. Catch you soon. Cheers! Do hit the like button if you want me to post more Altcoin Trade Setups. #PEACE
by Cryptorphic
2