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Btcusdbuy

Bitcoin adjusted to market cycleI think something like this make sense? We are at a 1st leg or wave of impulse, that is led by early adapters. 2nd leg up would be BTC outperforming SPX. 3rd wave would be a market chop w/ still some opportunities. 1st wave -> buy when it's cheap (bellow 70k crowd). Then comes rally to 120-150k. Before it becomes too expensive. 2nd and 3rd wave are led by ppl missing on a bandwagon, good returns. No crystal ball, see what happens:) > Driver is the rate cuts and money at money market funds. You can also see how divergence in BTC/SPX graph was the market top for btc.
BITMEX:XBTLong
by citsvar
Record Bitcoin Open Interest Suggest BreakoutBitcoin's open interest, a metric that measures the total number of outstanding derivative contracts, has recently hit a new all-time high. This significant surge has ignited speculation among market analysts and investors about a potential price breakout for the world's largest cryptocurrency. Open Interest: A Market Sentiment Indicator Open interest is often used as a proxy for market interest and liquidity in an asset. A rising open interest typically indicates growing investor participation and a potential increase in price volatility. Conversely, a declining open interest can signal waning interest and a potential price correction. In Bitcoin's case, the current record-breaking open interest suggests a heightened level of investor engagement. This heightened interest could be driven by a variety of factors, including anticipation of regulatory clarity, institutional adoption, and the halving event scheduled for 2024. Potential for a Price Breakout While a high open interest does not guarantee a price breakout, it certainly increases the likelihood of significant price movements. If the market sentiment remains bullish, the accumulated buying pressure could propel Bitcoin's price to new highs. However, it's essential to remember that open interest is just one factor to consider when analyzing market trends. Other indicators, such as technical analysis patterns, on-chain metrics, and macroeconomic conditions, should also be taken into account. Cautious Optimism While the recent surge in Bitcoin's open interest is undoubtedly bullish, investors should approach the market with caution. The cryptocurrency market is known for its volatility, and price fluctuations can be rapid and unpredictable. Additionally, it's crucial to diversify your investment portfolio and avoid putting all your eggs in one basket. Cryptocurrencies are still a relatively new asset class, and the regulatory landscape is constantly evolving. As the cryptocurrency market continues to mature, we will likely see more sophisticated investment strategies and risk management tools emerge. Until then, investors should stay informed and conduct thorough research before making any investment decisions. Ultimately, the future price of Bitcoin will depend on a combination of factors, including investor sentiment, market liquidity, regulatory developments, and technological advancements. While the current open interest data is certainly encouraging, it's essential to maintain a long-term perspective and avoid getting caught up in short-term price fluctuations. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Conducting thorough research or consulting with a financial advisor is strongly recommended before making investment decisions.
BITSTAMP:BTCUSDLong
by bryandowningqln
#BTC/USDT#BTC Bitcoin price has been moving in an upward trend on the four-hour frame since the beginning of July The price has now touched the rising trend and produced a reversal candle on a 4-hour frame It is expected to retest the level that the price reached two days ago Our target is at 68186 This is supported by the bearish saturation of the RSI aperture The rise also supports stability above the Moving Average 100 And stability is above the current trend The pattern is canceled if it closes 4 hours below the upward trend in orange
Long
by CryptoAnalystSignal
Bitcoin Nears Crucial Test as Hashrate StrengthensBitcoin (BTC) is on the cusp of a critical test as it approaches a trendline resistance that proved formidable in May. Concurrently, a surge in Bitcoin mining hashrate, a bullish indicator, is adding fuel to the rally. The benchmark cryptocurrency has been on a consistent upward trajectory, fueled by a combination of factors including increased institutional interest, macroeconomic concerns, and the halving event. As BTC closes in on the May trendline, traders and analysts are closely watching for how the market will react. A decisive breakout could ignite a new leg up in the price, while a rejection could lead to a period of consolidation or even a temporary pullback. The recent strengthening of the Bitcoin mining hashrate is a positive development that underpins the bullish outlook. The hashrate, which measures the computational power dedicated to mining new Bitcoin blocks, is often seen as a leading indicator of price trends. A higher hashrate implies increased miner confidence in the future price of Bitcoin, as miners are willing to invest more resources into the network. This surge in hashrate can also be attributed to the ongoing Bitcoin halving cycle, which reduces the block reward and incentivizes miners to optimize their operations. While the technical and fundamental backdrop for Bitcoin appears constructive, it's essential to approach the market with caution. Cryptocurrencies remain highly volatile assets, and price movements can be influenced by a variety of factors, including regulatory developments, macroeconomic conditions, and investor sentiment. Moreover, the Bitcoin market has a history of false breakouts, where prices briefly pierce resistance levels before retracing. Therefore, traders must employ risk management strategies and avoid overexposure. The potential breakout from the May trendline will be a key event to watch. If Bitcoin successfully overcomes this hurdle, it could open the door for a more substantial rally towards higher price targets. However, a rejection at this level could lead to a period of consolidation or even a temporary pullback. Ultimately, the cryptocurrency market remains highly dynamic, and investors should conduct their own research and due diligence before making investment decisions. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments involve significant risks, and investors should be prepared for the possibility of losses.
BITSTAMP:BTCUSDLong
by bryandowningqln
BTC Bitcoin Technical Analysis and Trade Idea👉🔍We can observe that Bitcoin (BTC) has been in a bullish trend recently and has retraced to a key support level. In the video, we discuss market structure, price action, and the trend. I'm expecting to see a potential reaction and an opportunity to go long if the price action unfolds as described in the video. As always, this is for educational purposes only and should not be considered financial advice. 📊✅
FOREXCOM:BTCUSDLong
by fxtraderanthony
Hash Ribbons Signal Potential Bitcoin Bull RunMiner Capitulation Ends, Igniting Bullish Outlook The cryptocurrency market is abuzz with excitement as a key indicator signals a potential turning point for Bitcoin. The Hash Ribbons indicator, a tool used to measure miner capitulation, has recently shifted into a bullish "buy" signal. This development, coupled with other positive market trends, is fueling speculation of an imminent Bitcoin rally. The Hash Ribbons indicator tracks Bitcoin's hashrate using two moving averages: a 30-day and a 60-day. When the shorter moving average dips below the longer one, it typically signals miner distress and potential market downturn. Conversely, when the 30-day average surpasses the 60-day, it historically marks a "buy" signal, often preceding significant price increases. The recent shift to a bullish signal indicates that miners may have weathered the storm, and Bitcoin could be poised for an upward trajectory. This positive development is further reinforced by evidence suggesting the end of miner capitulation. Miners often sell their Bitcoin holdings during periods of low profitability to cover operational costs. When this selling pressure subsides, it can lead to a price increase as the supply of Bitcoin available for sale decreases. Market Enthusiasm Amidst Uncertainties While the Hash Ribbons signal and the apparent end of miner capitulation are undoubtedly bullish indicators, it's essential to consider the broader market context. Several factors could potentially dampen Bitcoin's momentum. One significant concern is the impending payout of claims from the collapsed Mt. Gox exchange. A substantial amount of Bitcoin is expected to be released into the market, which could exert downward pressure on prices. Additionally, the potential approval of Ether ETFs in the United States has introduced a new element of uncertainty. While this development could benefit the broader cryptocurrency market, it may also lead to increased volatility in Bitcoin's price. Despite these potential headwinds, the overall sentiment among market participants appears to be optimistic. The Hash Ribbons signal has generated significant buzz, and many analysts believe that Bitcoin is primed for a substantial rally. However, as with any investment, it's crucial to approach the market with caution and conduct thorough research before making any decisions. The cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors should carefully consider their risk tolerance and investment goals before allocating funds to Bitcoin or any other digital asset. While the Hash Ribbons indicator and other positive factors suggest a potential bullish trend, it's essential to remain vigilant and monitor market developments closely. Ultimately, the future of Bitcoin's price is difficult to predict with certainty. However, the recent bullish signals provide a glimmer of hope for investors who have weathered the cryptocurrency market's ups and downs. As the market continues to evolve, it will be fascinating to see how Bitcoin responds to the challenges and opportunities ahead.
BITSTAMP:BTCUSDLong
by bryandowningqln
#BTC/USDT#BTC The price is moving within a bullish channel pattern on a 30-minute frame, and the price is now at the lower border of the channel Which supports the bullish assumption because the price is based on an upward trend and is moving within it We have a higher stability moving average of 100 We have an upward trend on the RSI indicator that supports the rise and gives greater momentum, and the price is based on it to rise after it was broken upward. Entry price is 67,000 $ With a target at the upper border of the ascending channel 68600 $
Long
by CryptoAnalystSignal
4
BTCUSDT ⚡ Channel Pattern SpottedHey guys! At this very moment, we are in the middle of almost everything so you don't want to get caught on the wrong side of the trade. Better be safe than sorry. Having said that, here's my idea about what we are looking at right now. 1) There's a channel marked by green lines as shown in the chart. If you can see this, you'll notice whenever price touches the upper line it gets rejected and whenever it touches the lower band it bounces back inside the range. We can buy when price hits there and sell whenever it touches the upper resistance channel range. A deal breaker would be either a breakdown of the channel or breakout of the channel. 2) TARGETS if price keeps respecting the channel pattern, would be at the top resistance line to take profits as a buyer and viceversa as a buyer taking entry trigger a candlestick pattern on the lower band of the channel. This idea is to spot for the long term. This asset is still in balanced mode, there hasn't been a breakout of the range yet. However, it's worth to note that there's a channel pattern playing out, right now. Hope you find it useful and be able to take advantage of this idea. Kina Tip of the Day: Take profits partially even when they don't seem much because in the long run they will grow in a balanced way with the rest of the portfolio. Keep it shiny ⭐ Kina, The Girly Trader
Long
by KinaStar
4
#BTC/USDT Road to $150k!#BTC : Block out the noise. We're far from finished! Each dip presents a new opportunity. You FOMO when the market's green, but turn sceptical when it's red. That strategy won't cut it. Bitcoin Monthly Analysis Update Chart Overview: - Channel Analysis: Bitcoin is in a long-term ascending channel, showing a bullish trend with strong support and resistance. - Historical Patterns: - 2016-2018: 60 bars (420 days), - 2020-2021: 34 bars (238 days), - Current Position: Trading at $66,993.6 nearing upper channel resistance with a target of $115k to $150k. Key Levels: - Support: - $51,682. - $43,285. (High Liquidity Untested Territory) - Resistance: - $66,993.6 - $73,000 Future Projections: - High Liquidity Untested Territory: Retest around $43,210.7 could be a strong buy. - Bullish Scenario: Breaking current resistance targets $115,000 - $150,000. - Bearish Scenario: Failure to break $70k resistance may lead to correction towards support levels in the high liquidity zone, GETTEX:48K to $60k. (Will update as the time goes and more candles are printed), less likely scenario but possible. Am I scared or selling? NO! I am holding BTC and Alts. Market Sentiment: Volume increase during last bull run suggests bullish sentiment, but traders should be ready for volatility. Conclusion: Bitcoin remains bullish within the ascending channel. Monitor key levels to capitalize on market movements. DYOR, NFA 🚀 #Crypto What do you think?
OANDA:BTCUSDLong
by Cryptorphic
2