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Btcusdanalysis

Bitcoin's Potential Bottom Near $58k in Q4As we enter Q4 (October 1st to December 31st), Bitcoin is testing the crucial $58k support level, a price point that has acted as a pivotal zone in past market cycles. This level could serve as a potential bottom for the current correction, offering a possible recovery point for the final quarter of 2024. Market participants should closely monitor price reactions at this level. A bounce from $58k could signal the beginning of a recovery phase, while a failure to hold could lead to further downside pressure. Traders should look for confirmation through volume spikes and reversal patterns, as these signals will be key in identifying a trend change. With the end of the year approaching, this could present a vital buying opportunity, so staying cautious and ready is essential as the market moves through Q4.
by alcoholic-semen-thrower
BTCUSD I 1 hr double bottom formation and long opportunityWelcome back! Let me know your thoughts in the comments! ** BTCUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
BITSTAMP:BTCUSDLong
by BKTradingAcademy
12
Minimal ValuesMy Estimates for BTC this upcoming cycle. October is gonna take a bit of time to see upwards momentum. We have about 1-2 weeks before markets rip. (October 15-21st). Could start early as next week. (October 10th) It takes around 200 days from last election cycle's October 1st to reach 1st peak in mid April 2021 in the cycle. 2nd peak (Full cycle peak) was 405 days after October. If we copy the exact chart from the previous cycle's range. 1st peak in April 2025 at 115k 2nd peak is estimated in Nov 2025 as the final moment in the cycle at a minimum of 120k for BTC and do a blow off top. Could reach 180k then bear market starts all over again. Note the reason I call it Minimal values is because this factors in 0% additional growth. If the chart is exactly the same, that means 0 growth has incurred. With growth ultimately scaling from individual countries slowly adopting to full blown global adoption, I'm going to keep myself within these minimal values and anything below would be, to me, considered an opportunity zone.
Long
by Slumper
BTC/USDT Analysis: Post-triangle Breakout in Ascending Channelhello guys. I have published about this pattern before, and now I am certain about this scenario! Key Observations: Broken symmetrical triangle Pattern: Bitcoin has broken out from a pattern, indicating a bullish reversal from the prior downward trend. Ascending Channel: After the breakout, BTC is moving within an ascending channel, showing the formation of higher lows and higher highs, confirming bullish momentum. Support Zones: Around $57,000-$58,000: Strong support, previously tested and confirmed, serving as a potential rebound zone for price corrections. Resistance Zones: Between $66,000 and $67,000: The first significant resistance. If Bitcoin breaks through this level, the bullish trend will likely continue. Between $75,000 and $77,000: A key upper resistance target, marking a long-term price goal if momentum persists. Potential Price Path: The chart outlines a scenario, where after a correction or consolidation around current levels ($61,000-$63,000), BTC could retest and break the $66,000 resistance. A clear break could see prices surge towards the $75,000-$77,000 range. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
by melikatrader94
6
Bitcoin (BTCUSDT) Short Trade Setup: Key Levels and TargetsThis chart shows a short trade setup for Bitcoin (BTC/USDT) with clearly marked Entry, Stop Loss (SL), and multiple Take Profit (TP) levels by using the Risological swing trading indicator. Here’s an analysis of the current situation: Entry: The short trade entry was triggered at 64354.7 USDT. Stop Loss (SL): The stop loss is placed at 65437.3 USDT, which is slightly above the resistance level to limit potential losses if the price reverses upward. Take Profit (TP) Levels: TP1: The first target is 63016.5 USDT. TP2: The second target is 60851.1 USDT, and the price has already hit this level. TP3: The third target is set at 58685.8 USDT. TP4: The final target is 57347.6 USDT. Current Price Action: After entry, Bitcoin has experienced a downward move as expected, already hitting TP2. The market is showing some consolidation, which may indicate a temporary pause before continuing its downward momentum. Trade Management : If the price breaks below TP2 again, the short trade could potentially hit TP3 and TP4, providing an opportunity for more significant gains. If there’s a reversal, traders should be cautious and manage the trade accordingly, potentially moving the stop loss to breakeven to lock in profits. This short setup appears to be progressing well, and if the bearish momentum continues, it may hit the lower take profit levels soon.
Short
by ProfitsNinja
BTC Downtrend Scenario and Key LevelsBTC seems like it is following this daily downtrend channel, and seems to be reversing from the top of the channel. All the timeframes (Daily, 4H, 1H, and 15 Min) are screaming downtrend. We saw that it retested the downtrend resistance at 61125 level and looks like it might retest it. We have 5 minutes left in 4H timeframe so will need to wait for it to close and see how price reacts to it. Will wait for short long entry if the price breaks the 15 min key level and will have the target at the 1 Hour Key Level. (But chances are low). I feel like we will go down further till 59200 area where the 1 Hour strong demand zone is. If we break that, then we might see 54000 - 50000. Waiting on the sidelines until I see any clear structure or pattern forming. I feel safe that way. Good luck and happy trading!
by MoneyChartz
BITCOIN - must happen to see new ATHAs I told you in my previous analysis of Bitcoin, it is a triple bottom and it will rise and it is the end of bear market, while the majority expected its decline to continue from 57k to 40k levels. Check out my analysis and drawing the chart attached below and you will see for yourself that what I say is true... remmember i see what others don't Now I tell you! Bitcoin is going to reclaim the 200MA the last time Bitcoin tried this was in august 2024 but it ended up being a fakout leading dumpto 52.5k now it's trying to reclaim the 200MA again and if it can hold this level we could be looking for a massive breakout a head this analysis will be constantly updated , so follow us to receive all news updates Best regards Ceciliones🎯
Long
by ceciliones
2
BTC & Crypto Market Forecast. 4 Yr Cycle Top and Elliot WavesIn this video, I've pulled up an old chart from 2022 I've had on my desktop (not my original chart) that shows potential Waves 3-5 for Bitcion and the 4 year cycle high time targets. In my new chart, I've re-created this showing that we're ahead of schedule from the dark study, and the 4 year past cycle time targets for reaching ATH around 539 days after the halving. But as we know, we hit ATH's this cycle already BEFORE the halving, so it's unclear how that's going to affect the next phase. It would certainly make sense, that everybody (Big money, smart money and even us dumb money retail traders) will be looking to 'go all in' early... But also to GET OUT early. Remember, it's a game of musical chairs.. and the music is speeding up. For these reasons, and other global economic and political influences... I think we could STILL see a left-translated cycle and a parabolic bull rally going into Dec of this year... Unsure if that would be THE Top, but I'd be looking for some profit taking and correction there, which most likely WILL LOOK like the top. But may not actually be. We may still see the 4 year cycle play out, and continue to push higher until October '25 as the original study suggests (539 days post-halving). On the one hand, some are suggesting a deflationary market bust in early 2025 for both the stock market and Bitcoin / crypto. We'll have to wait and see. But it does look like we're experiencing the Wave 4 pullback, and poised to beging the final Wave 5 phase of the bull-run. What do you think? Would appreciate any likes, comments, or compliments below. Cheer always welcome! To the moon 🚀
BITSTAMP:BTCUSDShort
by BrettFogle
Bitcoin Price Outlook: Is a Bitcoin Rally Imminent?As the financial world closely watches the signals from Jerome Powell, Chair of the U.S. Federal Reserve, optimism is rising around Bitcoin's potential next rally. Powell's confidence in cooling inflation and the U.S. economy’s strength has caught the attention of Bitcoin enthusiasts, especially as monetary easing could work in favor of the flagship cryptocurrency. But is Bitcoin set for a breakout, or are there hurdles in the way? Jerome Powell’s Inflation Confidence & Potential Impact on Bitcoin ( CRYPTOCAP:BTC ) At the 66th NABE annual meeting, Jerome Powell reaffirmed the Federal Reserve's ability to bring inflation down to the 2% target. He expressed optimism about the labor market's stability and the U.S. economy's resilience despite a cooling job market. Powell’s statement carries weight, as any dovish shift in Fed policy could significantly influence risk-on assets like Bitcoin. Powell hinted that any further rate cuts would hinge on incoming inflation data, aligning with the Fed’s cautious approach. Despite the uncertainty of immediate cuts, the notion that inflation is under control sparks hope for Bitcoin, as a lower interest rate environment could drive liquidity into the market, benefiting assets like BTC. Further dovish movements or interest rate cuts could fuel a renewed wave of institutional and retail interest in Bitcoin. Bitcoin's Bullish Fundamentals & Historic Patterns Bitcoin’s long-term bullish sentiment remains intact, especially as it heads into the fourth quarter. Historically, Q4 has been one of Bitcoin’s most profitable periods. For instance, CRYPTOCAP:BTC is poised for a positive close for September, and historically, whenever Bitcoin ends September in green, it follows with strong performances in October, November, and December. More than just seasonality, Bitcoin’s fundamental outlook is supported by the global macro environment. With central banks in major economies like China adopting monetary easing policies, Bitcoin, being a risk-on asset, is expected to benefit from global liquidity. Market analysts from QCP Capital have predicted that such policies will boost Bitcoin, aligning with the narrative of Bitcoin as a hedge against inflation and traditional finance’s uncertainties. Technical Analysis: Bitcoin’s Resistance and Momentum On the technical side, Bitcoin ( CRYPTOCAP:BTC ) is currently trading between $61,000 and $65,000, showing a consolidation pattern. This range has become a key pivot point for BTC, with the $63,000 level acting as a significant resistance barrier. At the time of writing, Bitcoin ( CRYPTOCAP:BTC ) is down 3.15%, continuing its oscillation within this range. Despite this dip, the Relative Strength Index (RSI) sits at 56, signaling that Bitcoin ( CRYPTOCAP:BTC ) still holds bullish momentum and is not yet overbought. Technical analysts have pointed to $70,000 as the key resistance level Bitcoin ( CRYPTOCAP:BTC ) needs to break through to confirm the next leg of its bull run. Should CRYPTOCAP:BTC reclaim this level, it could set the stage for new all-time highs, as predicted by analysts like Markus Thielen, who expects Bitcoin ( CRYPTOCAP:BTC ) to surge past $70,000 by late October. The next few weeks could be pivotal for CRYPTOCAP:BTC as it heads toward a monthly close. Historically, Bitcoin only posts negative returns in October twice, reinforcing the optimism that Bitcoin could close the year on a high note, pushing to new heights. Factors to Watch: U.S. Elections & Regulatory Landscape While the technical and fundamental outlooks remain bullish, Bitcoin’s future will also be influenced by external factors. The upcoming U.S. presidential elections could serve as a major catalyst. Both parties have expressed openness toward Bitcoin ( CRYPTOCAP:BTC ), with discussions about potentially making Bitcoin ( CRYPTOCAP:BTC ) a legal tender in the U.S. This, if it materializes, would create a massive wave of institutional adoption, further cementing Bitcoin’s position as a mainstream asset. However, regulatory uncertainties continue to hang over the cryptocurrency market. Global regulatory bodies are increasing scrutiny on digital assets, and Bitcoin’s future could hinge on how these regulatory frameworks evolve. Additionally, global adoption rates and market sentiment around decentralized finance (DeFi) will play crucial roles in shaping Bitcoin’s next moves. Conclusion While short-term volatility and regulatory hurdles remain, Bitcoin’s long-term outlook is strongly bullish. Jerome Powell’s optimism around cooling inflation and potential rate cuts are supportive macro conditions for CRYPTOCAP:BTC , while historical performance and technical indicators point toward a potential rally in the coming months. As Bitcoin ( CRYPTOCAP:BTC ) moves into the final quarter of 2024, eyes will be on key resistance levels, the U.S. elections, and regulatory developments. The path to $70,000 is in sight, and if Bitcoin ( CRYPTOCAP:BTC ) breaks through, it could trigger a new all-time high by the end of the year.
Long
by DEXWireNews
$BTC is poised to reach $115,000 in the next 9 months! Read WHY!You're aiming for $200k and beyond, but let’s keep it simple and realistic. If BTC hits $115k, altcoins could surge by 20x or even 50x! You just need to play it smart. Now, let’s break down this simple chart! Liquidity acts like a magnet! When a big green candle prints, it’s likely that, after a few more candles, the price will move to capture the liquidity from that same candle. Bitcoin has been following this pattern for the past 7 months, inching forward slowly, bit by bit. This is exactly how the whales are accumulating! The August monthly candle closed at $58,963, and the current candle is set to close in about 4 hours, likely above the August close, forming a beautiful hammer pattern. This is a strong bullish signal! When you’re unsure about what’s coming or just making wild guesses, remember—this is simply TA based on Price Action. No fancy indicators, just the facts. Speaking of indicators, the RSI is currently around 63.13, and in every bull run, it eventually climbs up to 92, entering the overbought zone. So stay strong and stop crying over 10-20% dips in altcoins. If you can’t handle these corrections, you don’t deserve the 10x gains either. Keeping it simple, the next 6 months are going to be amazing. Now is the time to position yourself in solid Altcoins and BTC. After every halving, there's typically a 5 to 6-month consolidation phase, which you can clearly observe on the charts. We’re following the same pattern right now! Things are heating up, but you might not notice if you're only focused on 15-minute candles. Zoom out, and everything will become much clearer for you to understand. I hope you get some light from my charts, If you do please hit that like button and share this chart with your crypto friends. Thank you #PEACE
CRYPTO:BTCUSDLong
by Cryptorphic
16