Calling Danger Area For BtcGreetings, friends,
Based on the weekly analysis presented to you, we can see that the price has reached the PRZ (Potential Reversal Zone) of the Fibonacci and has shown a reaction to this level.
Currently, the price is within a triangle pattern that could also evolve into a rising wedge. Considering the liquidity trendline formed above the 86,000 level, and the fact that within the next two days, we will reach a higher time frame Fibonacci time zone, the 94,000 to 95,000 range could act as a strong reversal point. This might pull the market down temporarily to provide liquidity or even lead to a broader correction (due to reaching the top of the weekly channel).
For this scenario to fail, Bitcoin needs to break above the 95,000 level decisively with strong volume and momentum, paving the way to the 110,000-dollar target.
Btcusdanalysis
BTC LONG TP:93450 1HR 16-11-2024Bitcoin analysis on a 1-hour timeframe: This setup is expected to materialize within the next 12 to 16 hours. The target price is set at 93,450, while the stop loss will be positioned below 90,000. It’s crucial to stay vigilant regarding market movements and manage your trades carefully. Best of luck with your trading! #TradingView #Bitcoin
Is Bitcoin's Bullish Breakout a Catalyst for a 90% Rally?
Bitcoin, the world's largest cryptocurrency, has been making significant strides in recent months, with several key metrics signaling a potential for a substantial price surge. Analysts and traders are closely watching these developments, which could propel BTC to new all-time highs.
Key Metrics Pointing to a Bullish Future
A confluence of technical indicators and market sentiment suggests that Bitcoin is poised for a significant upward move. Here are some of the key factors driving the optimism:
1. Classic BTC Price Chart Metrics:
o Golden Cross: A bullish crossover of the 50-day and 200-day moving averages, often seen as a strong buy signal.
o Relative Strength Index (RSI): A momentum oscillator that indicates whether an asset is overbought or oversold. A reading above 70 suggests overbought conditions, while a reading below 30 indicates oversold conditions.1
o Moving Average Convergence Divergence (MACD): A trend-following momentum indicator that shows the relationship between two moving averages.2 A bullish crossover of the MACD line above the signal line is often interpreted as a buy signal.
2. Bitcoin ETF Options Launch: The launch of Bitcoin ETF options has generated significant interest and liquidity in the market. This development could attract institutional investors, who may view Bitcoin as a viable asset class for diversification and portfolio growth.
3. Strong Market Sentiment: Traders and analysts are increasingly bullish on Bitcoin's long-term prospects. Many believe that the cryptocurrency has the potential to reach $100,000 or even higher in the coming years.
Potential for a 90% Rally
Given the strong fundamental and technical factors, some analysts are predicting a 90% rally in Bitcoin's price. Such a move would take the cryptocurrency to unprecedented heights, surpassing its previous all-time high. However, it's important to note that the cryptocurrency market is highly volatile, and price predictions should be taken with a grain of salt.
The Road Ahead
While the future of Bitcoin is uncertain, the recent bullish signals suggest that the cryptocurrency could be on the cusp of a major bull run. However, it's essential to approach investing in cryptocurrencies with caution and to conduct thorough research before making any investment decisions.3
Disclaimer: This article is for informational purposes only and4 should not be construed as financial advice. It's crucial to consult with a qualified financial advisor before making any investment decisions.
Additional Considerations
As the cryptocurrency market continues to evolve, it's important to consider the following factors:
• Regulatory Landscape: Government regulations can significantly impact the price and adoption of cryptocurrencies.
• Market Manipulation: The cryptocurrency market is susceptible to manipulation by large investors and whales.
• Technological Advancements: Technological advancements, such as layer-2 solutions and improved scalability, can positively impact Bitcoin's performance.
• Economic Factors: Global economic conditions, such as inflation and interest rates, can influence the demand for Bitcoin.
By staying informed and understanding the risks involved, investors can navigate the volatile cryptocurrency market and potentially reap significant rewards.
The price target of Bitcoin is $130,000Cup and handle patterns can be seen in the Bitcoin chart and in the weekly time frame
According to this pattern, we can guess the price target of 130 thousand dollars.
Of course, provided that the handle line is cut upwards, which is highly likely
I hope traders don't forget the stop loss
ALT Season? Not Even CloseWhen we exclude Bitcoin from the total crypto market cap, it becomes clear that we’re far from the conditions needed for an ALT season. Here’s a breakdown:
First Resistance: $1.28T (Excluding BTC)
The last high was in March 2024, with the market cap reaching $1.28T.
At that time, BTC dominance was around 52%.
Second Resistance: $1.71T (Excluding BTC)
This was the peak during the ALT season in November 2021, with the market cap hitting $1.71T. Back then, BTC dominance had dropped to just 42%.
Current Situation
BTC dominance is now sitting at 60%, which is far too high for a typical ALT season to start.
Historically, ALT seasons tend to begin when BTC dominance falls below 50% or even lower.
Conclusion
The altcoin market has a long way to go before reaching the conditions for a true ALT season. We need BTC dominance to decline significantly and the altcoin market cap to break through key resistance levels at $1.28T and $1.71T.
What’s your outlook? Are altcoins still in Bitcoin’s shadow, or is a shift coming? Let’s discuss!
Bitcoin - The Beginning Of The Next Phase!Bitcoin ( BITSTAMP:BTCUSD ) is finally breaking all resistance:
Click chart above to see the detailed analysis👆🏻
Patience once again paid off after Bitcoin has been retesting the previous all time high for about 250 days, not really being able to create a sustainable breakout. But now, after all this waiting, things are happening pretty quickly and Bitcoin is on its way to the magical $100.000 level.
Levels to watch: $70.000, $100.000, $300.000
Keep your long term vision,
Philip (BasicTrading)
Rally Not Started Yet- Everything in trend, i used MVRV indicator ( Google it if you don't know it).
- Not a price prediction, check my older analysis for some price prediction.
- Not a date prediction, Timeline surely wrong.
- So this a post just to give you an idea of the situation.
What to not do :
- Don't listen some twitter influencers pseudo maestros traders 😂.
- Some are spreading that BTC bull market is finished or won't even happen.
- Don't follow and listen too many peoples at the same time.
- Don't forget that influencers are not traders.
- Don't forget many followers on Twitter or TV mean NOTHING!.
What to do :
- Learn is practice, so practice again and again to learn more and more.
- Teach to your friends about trading, more you teach more you learn and master trading!
- Listen to yourself (don't even listen to me).
- Keep focused.
- Be confident.
Now :
- Real Bull Market not even started.
- Be ready and DCA what you can afford.
- Don't panic for dips, buy more instead, this is crypto.
Happy Tr4Ding !
Are Spot Bitcoin ETFs New Top Investment Choice for Investors?
A Six-Week Streak of Strong Investor Demand
Spot Bitcoin exchange-traded funds (ETFs) have continued their impressive performance, attracting substantial inflows over the past six weeks. The latest week saw an influx of $1.7 billion, further solidifying the growing institutional interest in Bitcoin. This consistent inflow has propelled the total net assets of spot Bitcoin ETFs to a staggering $95.4 billion, representing 5.27% of Bitcoin's current $1.8 trillion market capitalization.
Decoupling from Traditional Markets
A notable trend has emerged in recent times: Bitcoin's correlation with traditional assets like U.S. equities and Ether has weakened. This decoupling suggests that Bitcoin is increasingly viewed as an independent asset class, driven by its own unique fundamentals and market dynamics. As a result, Bitcoin's price action has become less reliant on broader market trends, allowing it to exhibit its own volatility and momentum.
Crypto Market Reaches New All-Time High
The cryptocurrency market as a whole has reached a new all-time high of $3.025 trillion, fueled by the continued adoption of Bitcoin and other digital assets. While Bitcoin has consolidated around the $92,000 level, the broader market has seen significant gains, with many altcoins experiencing substantial price increases.
Factors Driving Bitcoin ETF Inflows
Several factors are contributing to the strong demand for Bitcoin ETFs:
1. Institutional Adoption: A growing number of institutional investors, including hedge funds, pension funds, and corporations, are allocating a portion of their portfolios to Bitcoin. ETFs provide a convenient and regulated way for these institutions to gain exposure to Bitcoin.
2. Regulatory Clarity: Increasing regulatory clarity in major jurisdictions has boosted investor confidence. As governments and regulators around the world develop frameworks for cryptocurrencies, it has paved the way for institutional adoption.
3. Safe Haven Asset: Bitcoin is often viewed as a safe-haven asset, particularly during times of economic uncertainty or geopolitical tensions. Its limited supply and decentralized nature make it an attractive investment option for many investors.
4. Technological Advancements: Ongoing advancements in blockchain technology, such as scalability solutions and smart contract capabilities, are enhancing Bitcoin's utility and potential applications.
The Future of Bitcoin ETFs
The continued success of Bitcoin ETFs is likely to have a significant impact on the broader cryptocurrency market. As more ETFs launch and attract investment, it could further legitimize Bitcoin and other cryptocurrencies. Additionally, it could lead to increased price volatility and potentially higher valuations.
However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors should conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
BTC sell???📊 Analysis by AhmadArz:
🔍 Entry:
Breakout Confirmation: $90,700
A breakout from the symmetrical triangle indicates strong momentum, suggesting a downward trend.
🛑 Stop Loss:
Level: $92,563
Place your stop loss above the breakout point to minimize risk.
🎯 Take Profit:
1️⃣ TP1: $88,959 (First support zone)
2️⃣ TP2: $86,250 (Key demand level)
3️⃣ TP3: $83,505 (Strong historical support)
🧠 Analysis Overview:
The symmetrical triangle pattern on the 1-hour BTCUSDT chart is a classic continuation pattern. With a confirmed breakout, this setup presents a great risk-to-reward ratio.
📉 Additional Notes:
Increased volume during the breakout adds validity to this move.
Monitor RSI for signs of overbought/oversold conditions.
Price action near $88,959 will determine if the trend strengthens or consolidates.
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💡 Join us on TradingView for expert insights backed by five years of market expertise."
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BTC: Next price Halving 📊Analysis by AhmadArz: #BTCUSD
By calculating the price growth in the 4-year halving time frame, we came to the conclusion that with the growth of the Bitcoin market cap, its growth will be halved and we can expect $120,000 from Bitcoin, and it is expected to grow up to 270,000 dollars in halvings.
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💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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#BTC Price Action - Catch the last pullback As a follow up to my last #BTC analysis, price is printing the exact pattern I expected
Will it continue to sell-off right down to the extreme demand?
I believe so. And if that happens, make sure to prepare the longs because the next leg up will be very explosive to 95-100k
BTC short ideaIf Bitcoin reaches $90,000, there may be potential for a short-term pullback due to a stop-loss (SL) hunt scenario, where larger market players could push prices up to trigger stop orders before initiating a drop. For this short position, watch for signs of exhaustion around $90K on shorter timeframes, or look for bearish confirmation such as a rejection pattern or increased selling volume after a wick above key resistance.
Using a tight stop-loss just above $90K can manage risk if the SL hunt causes volatility.
BTCUSD swing trade ideaThe overall prediction that Bitcoin is set to reach 100k, could be possible very soon. But currently we look for a retracement move, before making another impulse higher. We look for short entries between 93k-90k and target the Weekly fib and quarterly VWAP levels, where we start looking for buys up to 100k.
This analysis is taught and provided by Fractals Trading Community.
As always, trade safely and expect the unexpected,
Mei
What do you think is being shown on BTC Bitcoin BTCUSDT chart ?What do you think is being shown on the OKX:BTCUSDT chart?
(pls vote at comments)
💔 Head and Shoulders - after breaking through and consolidating below 88.K, the price of CRYPTOCAP:BTC will continue to move towards $81.500
🐳 Consolidation in the form of a triangle with an exit upwards and the continuation of the movement of the #Bitcoin price towards $100,000
_____________________
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Bitcoin: Projecting the 5th and Final Phase of the Bull Market
### **Introduction**
This report provides an in-depth analysis of the historical and projected market behavior of Bitcoin, focusing on cyclical market patterns and emphasizing both bull and bear phases. By dissecting previous cycles, this study aims to shed light on potential market movements, offering a roadmap for the 5th and final phase of the current bull market cycle, as per my expectations.
### **Historical Overview & Cycle Breakdown**
Historically, Bitcoin has exhibited well-defined market cycles consisting of accumulation, rapid growth, corrections, and subsequent recoveries. Each cycle presents unique behaviors influenced by macroeconomic factors, adoption rates, technological developments, and regulatory impacts.
**Key Phases Highlighted:**
1. **Accumulation Phase:**
This phase, often occurring during market lows, signifies periods of relatively low activity where investors accumulate Bitcoin at lower prices. It is marked by low volatility and slow upward movement.
2. **Expansion (Bull Run) Phase:**
Characterized by significant price growth, this phase attracts a surge of new investors and increased trading volume. Historically, it has ended with a parabolic price surge, as seen in prior cycles.
3. **Correction and Bear Market Phase:**
The market retraces following the explosive growth, leading to a prolonged downturn or 'crypto winter.' This phase often involves a return to support levels established in previous cycles, accompanied by investor uncertainty.
**Annotated Analysis:**
The attached chart illustrates these phases through visual annotations, showing multiple cycles and their respective movements. Each major bull and bear phase has been marked, alongside critical resistance and support levels that have influenced market sentiment over the years.
### **Current Bull Market Context**
**Expected 5th and Final Phase:**
The current bull market cycle appears to be entering its 5th and final phase, as marked on the chart. Key indicators leading to this projection include:
- **Momentum Analysis:**
Recent price movements suggest a steady upward trajectory indicative of a final parabolic surge before an anticipated correction.
- **Resistance Levels and Trendlines:**
The yellow horizontal lines represent critical resistance levels that Bitcoin must break to maintain its bullish momentum. Historical analysis suggests that each cycle typically ends near these zones, followed by corrections.
- **Macro Indicators and On-Chain Data:**
The green arrows highlight potential momentum shifts, emphasizing buyer activity and renewed confidence in the market.
### **Projections for the Final Phase**
Based on historical data and current market behavior, my analysis projects that the 5th phase will see a peak price surge, potentially reaching a new all-time high. However, this growth phase is expected to be followed by a significant correction, bringing Bitcoin prices back to key support levels outlined on the chart.
**Factors to Monitor:**
1. **Market Sentiment and News Events:**
External factors, including macroeconomic news, regulatory announcements, and institutional participation, can heavily influence price movements.
2. **Adoption Trends:**
Growing adoption and use cases for Bitcoin and blockchain technology could further propel the market upward during this phase.
3. **On-Chain Metrics:**
Metrics such as transaction volumes, wallet distributions, and miner activity should be monitored closely for shifts in market behavior.
### **Concluding Remarks**
This analysis aims to offer a comprehensive overview of market behavior, assisting community members in making informed decisions. While historical trends offer a glimpse into potential future movements, market conditions remain volatile. Therefore, cautious and strategic investment decisions are recommended as we enter this pivotal stage in Bitcoin's cycle.
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**Disclaimer:** This report is intended for informational purposes only and should not be taken as financial advice. Cryptocurrency investments carry risk, and individuals should conduct their own research and consult with professional advisors before making investment decisions.