BTC Surges to $37,900 on Optimism Over U.S. Regulatory Approval"Bitcoin hits $37,900 for the first time in a year and a half, driven by expectations of U.S. regulatory approval for a Bitcoin spot exchange-traded fund (ETF). Trader sentiment improves as the U.S. Securities and Exchange Commission (SEC) reviews 12 Bitcoin ETF applications.
At the time of writing, Bitcoin is trading at $36,683 on Binance. The market-leading cryptocurrency has seen a nearly 5% increase in value over the past week.
Btcusdbuy
BTCUSD: Funds' Bitcoin holdings hit record as ETF predictions Amidst increasing market excitement around the potential adoption of a spot ETF in the US, the total amount of Bitcoins held by funds has reached an all-time high.
ByteTree data indicates that in October, holdings of Bitcoin in funds reached a new high of 863,781 BTC, or around $31.71 billion, up more than 20,000.
ProShares' Bitcoin Strategy ETF (BITO), with 47,949 BTC valued at $1.41 billion, is the ETF that possesses the most Bitcoin, according to ByteTree.
One of the biggest winners from the current market frenzy was BITO last week.
Other investment products with BTC worth $960.14 million, $756.08 million, and 603.95 million, respectively, include Bitcoin Exchange Traded Crypto (BTCE), Bitcoin Tracker Euro (XBTE), and Bitcoin Tracker One (XBT).
⭐ BTC ⭐BTC FOR 24 WEEKS
new bitcoin update for coming weeks, we will experience a logical trend in the rise of bitcoin for 24 weeks, everything is clear on the chart and the indicators also confirm, I hope we see higher numbers and get new news and ETFs is confirmed, At that time, the chart can be checked again
Bitcoin (BTC) Long SetupOKX:BTCUSDT.P Long
On passing the 38950 level
TR 1/4 46764
TR 1/4 48884
TR 1/4 58985
Interested in your opinion on this algorithm of actions
Long
deposit 20% of the asset
order 20% of deposit
leverage ×20
cross margin
take profit 25+-% of order
stop loss 5+-% of order
de los 1% of deposit
RR 1 to 5
Entry on positive news background
+
At positive trendsetters support
+
No nearby reports, speeches
+
Bullish chart and candlestick patterns
+
A pool of indicator indices signalling an uptrend
#DYOR
BTC Support at $36,300 - It's Time to Long BTC!
Now, I know you're already aware of the immense potential that Bitcoin holds, but let me emphasize just how exciting this development is. The $36,300 support level is not only a strong foundation for BTC's price, but it also signifies a potential bullish trend that could propel the market to new heights. Can you feel the excitement building up?
So, why should you consider taking advantage of this opportunity and longing BTC? Here are a few compelling reasons:
1. Support Level: The $36,300 support level has proven to be robust, indicating a strong buying interest from the market. This support acts as a solid base, reducing the likelihood of a significant price drop and increasing the potential for an upward movement.
2. Bullish Momentum: The support at $36,300 coincides with a bullish sentiment in the market, as more and more traders are recognizing the long-term value and potential of Bitcoin. By joining the growing number of traders who are longing BTC, you can ride the wave of this positive momentum and potentially maximize your gains.
3. Long-Term Growth: Bitcoin has consistently demonstrated its ability to bounce back from market downturns and continue its upward trajectory. By taking a long position at this crucial support level, you position yourself to benefit from the long-term growth potential of BTC.
Now, don't let this exciting opportunity slip away! It's time to take action and capitalize on the potential gains that longing BTC at $36,300 can offer. Remember, trading always involves risks, so it's essential to conduct your own analysis and make informed decisions based on your trading strategy and risk tolerance.
If you're ready to seize this moment and embark on an exhilarating journey with Bitcoin, I encourage you to consider opening a long position on BTC today. Take advantage of the current support level and position yourself for potential profits in the days and weeks to come.
BTC UPDATEBTC UPDATE: BTC is currently holding support of the imbalance that just filled on 4hrs TF…. In as much BTC hold this support we are good but if we lost the support definitely means we will need to filled the imbalance at 31.8k….. what I will say is BTC will hold this support for awhile and consolidate before we see some correction reason is if BTC falling in a straight line from here without consolidation will make alts to suffer and that can bring some to another lower lower and move lower low start forming on alts is not good for market which means everything is bearish again so let’s watch to see how BTC hold this before we enter new trade
BTC | Bitcoin | Final Gameplan | Overlook and price targetAs its been almost over a year since i posted an analysis on Bitcoin its about time with the current strong uptrend.
In my idea
i compared the two bull markets of 2017/2018 with the one from 2020/2021 and showed how similiar they were.
To quote from my previous analysis (You can find a Link to the original post below)
####
1. We created a top (orange circle)
2. Downtrend and retest of the 50% of the swing
3. Uptrend from the 50% and creating a swing high that takes out a big upper resistance
4. Again going towards 50% but this time no big demand showing up
5. Fall under the 50% - this is where we are now in the current swing
If we continue like in the first swing we should see price falling towards the 23.60% level which interestingly is in confluence with the big resistance level (orange line) that created the 2017/2018 top.
###
The last part happened recently, however i expected a deeper correction.
I still expect a drop to the orange area around the 23.60% Fib level. This also happened before the 2020/2021 bullmarket started.
I marked (arrows) two potenial scenarios that i can see happening. Currently i favor the blue scenario. In both cases the orange area where i look to add further spot BTC and additional leveraged positions.
Both scenarios are also based on another occurance that happened between the 2 previous bullmarkets: A retest and breakdown of the resistance level that stopped the uptrend / bullmarket. (see the 3 green circles)
Target for the next Bullrun
Current target: Around 225 000 USD.
Thoughts why this target:
- The 361.80% Fib extension of 2017/2018 bullmarket was also the ATH of the 2020/2021 bullmarket
- 100 000 USD / Bitcoin seems to be expected by too many people, therefor many might sell there and be surprised by the harsh movement up after. We can see the uptrend of 2020/2021 was the harshest after price passed 30k and 40k - catching many traders offguard.
Good luck
Disclaimer:
- My posts are mostly for my own journaling
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
BTCUSD 4H :Waiting for breach the resistance and then will rise BTCUSD
New forecast
The prices of the digital currency "Bitcoin" fell during trading on Tuesday, continuing its losses for the second day in a row, as part of the settlement operations associated with monthly transactions.
As the largest cryptocurrency in the world is close to achieving its largest monthly gain since last January, thanks to positive news related to Bitcoin investment funds in the United States.
Technical abstract :
The price of Bitcoin (BTCUSD) continues to fluctuate within the ascending triangle flag, and we are waiting for the resistance of this pattern to be breached at 35048 to obtain a positive incentive that pushes the price to continue the upward trend during the coming sessions, remembering that the next target extends to 35754 and extend to 37000.
Therefore, the upward trend will be remain valid and effective supported by moving average 50 that is continue to support the price at the bullish waves so we will continue to favor the upward trend for the coming period, provided that the price maintains its stability above the 33020 level.
The expect range trading for today will be between resistance line 35754 and support line 33022.
support line : 33022 , 31044
resistance line : 35048 , 37000
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
BTCUSD: November 9 Technical Analysis of BTCThe rise in Bitcoin (BTC) has paused at $36,000, but bulls are not in a hurry to cash in. The number of long-term holders (addresses holding Bitcoin for at least 155 days) is close to an all-time high, while the number of short-term holders (addresses holding coins for less than 155 days) is currently at an all-time low, according to Glassnode analysis, indicating that the supply of Bitcoin is getting tighter.
Although the long term appears promising, there may be difficulties in the near future. The open interest in the Bitcoin futures market has increased significantly, surpassing $16 billion as of this writing, based on statistics from CoinGlass. Contributor J.A. Maartunn of the on-chain analytics tool CryptoQuant emphasized on
While the price of Bitcoin could drop
BTC's Bullish Run with Higher Lows Over the past few weeks, BTC has been showing remarkable strength and resilience, forming a series of higher lows on its chart. This trend signifies a significant shift in market sentiment, suggesting that the bulls are gaining momentum and taking control. It's a clear sign that the long-awaited bullish run we've been anticipating is finally upon us!
Now, I know what you might be thinking - "Is this just another temporary surge?" But let me assure you, my friends, this time it feels different. The market sentiment is shifting, and we're witnessing a growing number of institutional investors and big players embracing Bitcoin as a legitimate asset class. This newfound confidence, combined with the recent regulatory developments and increased adoption, sets the stage for BTC to soar to new heights.
So, what's the call-to-action here? It's simple - it's time to go long on BTC and ride this wave of opportunity! Don't let the fear of missing out (FOMO) get the best of you. Take a moment to analyze the charts, identify the entry points, and strategically position yourselves to benefit from this bullish trend.
Remember, successful trading requires a combination of analysis, strategy, and a sprinkle of optimism. While we can't predict the future with certainty, the signs are pointing towards a promising journey ahead for Bitcoin. By taking calculated risks and staying informed, we can position ourselves to capitalize on the potential gains that lie within.
So, my dear traders, let's embrace this bullish momentum with a smile on our faces and a positive outlook. It's time to seize the moment, trust in the power of BTC, and make the most of this exciting opportunity.
If you have any questions, need assistance, or simply want to discuss the latest market trends, feel free to reach out by commenting below.
In an unstable economic situation, BTCUSD is still growingAccording to Bernstein, Bitcoin's value doubled in 2023, a year of marked economic turmoil, marking the beginning of a new bullish cycle. Accelerators that could propel Bitcoin towards the $150,000 goal by mid-2025 include upcoming SEC-approved ETFs and Bitcoin halving scheduled for April 2024 .
They argue that investors can respond to this trend through direct participation or high-beta methods. One of these methods is to favor Bitcoin mining companies that are expected to increase in value and can generate significant returns on investment.
The possible approval of a Bitcoin-related ETF by the SEC could also act as a catalyst for crypto growth. This ETF provides retail and institutional investors with an accessible way to tap into the growing cryptocurrency market without having to directly purchase and store digital assets.
Furthermore, the value of Bitcoin is expected to increase further due to the ``halving'' scheduled for April 2024. This event, which halved the reward for mining new blocks, effectively slowed down the rate at which new Bitcoins were created, causing historically large price increases.
BTC 4HR Analysis - Bull Channel Breakout to Weekly ResistanceBTC/USD broke out of the previous trading range to $35,000 and has been in a bull channel continuation pattern since. Just above this bull channel is the weekly bull channel resistance which happens to be a perfect measured move setup from the previous breakout level. The probability is in favor of a breakout to the upside to at least touch the Weekly channel resistance at $37,500. If the price span of the channel is the measurement of the move above the channel, we could see just above $38,000.
Key Points:
1. Bull Breakout from the previous trading range
2. Bull Channel Continuation Pattern is playing out
3. Price is near Weekly Channel Resistance just above the bull channel
4. Gap to fill to the Weekly resistance with a Measured Move
5. RSI has Room to Move Up
As always, trade at your own risk, you are responsible for your trades. I hope this analysis was insightful and useful.
Trade wisely and let us know what you think in the comment section below!
BTCThe global cryptocurrency market, valued at $1.33 trillion, saw overall growth of 0.46% last Wednesday, with altcoins gaining despite the value of Bitcoin falling slightly lower. $34,867.03 remaining. This is a significant divergence from Bitcoin's record high of $69,000 at the end of 2021. Total crypto market volume over the past 24 hours increased 3.40% to $40.05 billion, with DeFi and stablecoins contributing 4.68 billion USD and 35.23 billion USD respectively.
Speculative demand appears to be shifting from Bitcoin to lesser-known digital assets, which have increased this month. Meme currencies Dogecoin and Shiba Inu are up 4.63% and 2.07%, respectively, boasting market capitalizations of $10.64 billion and $4.9 billion, respectively. Pepe Coin also saw a significant increase of 30%.
Ride the Bullish Wave! Long BTC and Reap the Rewards 🚀BTC (Bitcoin) has been performing remarkably well lately, staying consistently above the exponential moving average periods within the normal range of the commodity channel index. This is a strong indicator of a bullish trend and an excellent opportunity for you to capitalize on!
It's time to unleash your trading prowess and take advantage of this upward momentum. Here's why you should consider going long on BTC:
1. Strong Technical Indicators: The fact that BTC is consistently staying above the exponential moving average periods is a clear sign that the cryptocurrency is gaining positive traction. This indicates a healthy market sentiment and suggests that a sustained upward trend is likely to continue.
2. Bullish Market Outlook: The normal range of the commodity channel index further confirms the bullish sentiment surrounding BTC. This range indicates a favorable environment for traders to benefit from potential price increases.
3. Potential for Lucrative Returns: By going long on BTC, you position yourself to potentially profit from the cryptocurrency's upward trajectory. As BTC continues to gain popularity and acceptance worldwide, the potential for significant returns on your investment is immense.
Now that you're aware of the promising market conditions, it's time to seize the opportunity and take action. Here's what you can do to ride the bullish wave:
1. Conduct Thorough Research: Before making any trading decisions, ensure you conduct comprehensive research on BTC, its recent performance, and the factors driving its upward trend. This will help you make informed decisions and maximize your chances of success.
2. Establish a Solid Trading Strategy: Develop a well-defined trading strategy that aligns with your risk appetite and financial goals. Consider factors such as entry and exit points, stop-loss levels, and potential profit targets. Having a clear plan in place will help you navigate the market with confidence.
3. Monitor Market Conditions: Stay updated with the latest news and market trends related to BTC. Regularly analyze technical indicators and market sentiment to make informed adjustments to your trading strategy as needed.
4. Stay Disciplined: Emotions can sometimes cloud our judgment, leading to impulsive trading decisions. Remember to stay disciplined and stick to your trading plan. Avoid making hasty decisions based on short-term market fluctuations, and instead focus on the bigger picture.
By adopting a positive mindset and taking advantage of the current market conditions, you're well on your way to potentially reaping significant profits from BTC. So, gear up, embrace the bullish wave, and let your trading journey be filled with joy and success!
If you have any further questions or need assistance along the way, feel free to comment below. I'm here to support you in your trading endeavors.
BITCOIN Welcome to the new cyclehi dear trader and investors
my prediction is black candels on my chart ...
The dollar is dying
You probably hear it all day long. The government is printing more money…
Congress is raising the debt ceiling…
The dollar is no longer backed by gold… or anything.
These are some of the reasons Robert Kiyosaki says the dollar is dying.
Like Robert Kiyosaki says…
“Wake up you guys. If you're saving US dollars, you're like the skipper on the titanic. You know they're going to have to print more and more and more and more all the time… This makes savers the biggest losers on planet earth.”
But here is what is fascinating… I know you will agree.
As the dollar gets weaker and weaker, Bitcoin and cryptocurrencies are getting stronger and stronger.
I’m going to say that again because it is so important. As the dollar gets weaker and weaker, Bitcoin and cryptocurrencies are getting stronger and stronger.
The giant hedge funds and investing firms are slowing their purchase of dollars and U.S. bonds...
They are now using their profits to buy cryptocurrencies.
The Wallstreet Journal reports that mainstream hedge funds are pouring BILLIONS of dollars into crypto. They go on to say that world famous traders including Alan Howard and Paul Tudor Jones are said to be increasing their trading in cryptocurrencies.
You know what that tells you, of course. We all see it. If all the major players are getting in on cryptocurrencies, you’d better too.
Celebrating BTC's Remarkable Performance - Time to Long Bitcoin!Over the past few months, Bitcoin (BTC) has proven its mettle by outperforming Ethereum (ETH) by a staggering 20x! Yes, you read that right - an extraordinary twenty times! This remarkable achievement has left the trading community buzzing with excitement and presents an incredible opportunity for those who seek to maximize their gains.
Bitcoin has always been the trailblazer in the world of cryptocurrencies, and this latest feat only solidifies its position as the undisputed leader. Its unrivaled performance has not only captivated seasoned investors but also attracted a new wave of enthusiasts looking to ride the wave of success.
Now, you might be wondering, "What does this mean for me?" Well, my friend, this is the perfect moment to consider long positions on Bitcoin. With its unparalleled growth trajectory, BTC promises to be a lucrative investment opportunity for those who seize it. By going long on Bitcoin, you can potentially amplify your gains and capitalize on its extraordinary performance.
Don't let this incredible chance slip through your fingers! Join the ranks of astute traders who are already reaping the rewards of Bitcoin's unstoppable ascent. Whether you are a seasoned investor or just starting out, now is the time to take advantage of this golden opportunity.
To help you make the most of this exciting development, we have curated a collection of expert insights, market analysis, and educational resources on our platform. Access these resources to deepen your understanding of Bitcoin's potential and refine your trading strategies accordingly.
Remember, success favors the bold, and this is your moment to shine as a trader. Embrace the positive energy surrounding Bitcoin's exceptional performance and let it fuel your determination to achieve new heights in your trading journey.
So, my fellow trader, let's embark on this exhilarating adventure together! Long Bitcoin and set sail toward a brighter, more prosperous future.