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Supply Shock 2.0 - Before March 2024 Bitcoin[ Taking a break on this, but still traditional finance institutions refuse to release the data they have on the supply situation on Bitcoin meaning there's a big multiplier on every $1 that enters Bitcoin. I always do Fundamentals on-chain before drawing macro trends on anything, Bitcoin would have to be the best asset for this as we can see everything on-chain unlike Gold or Stocks and Bonds to the exact unit. Bitcoin cannot I repeat Bitcoin cannot remain under $200,000 if less than 2% of institutions allocate to Bitcoin. The supply is simply just not there. ON-CHAIN DATA AS OF POST Bitcoin: Total Supply Held by Long-Term Holders 14,850,716 BTC (Lost and holders who will not sell) Bitcoin: Balance in Miner Wallets - All Miners 1,830,337 BTC Bitcoin: Balance on Exchanges (Total) - All Exchanges 2,318,356 BTC (I believe a lot of this balance is already allocated to the Spot ETF's so again it will be moved once launched and not sold) End
INDEX:BTCUSDLong
by FederalXBT
BTC BITCOIN Technical Analysis And Trade IdeaIn this video, we dive into an extensive analysis of the BTCUSD pair, examining the prevailing bullish momentum observed in both the daily (1D) and weekly (1W) timeframes. Notably, Bitcoin (BTC) is nearing a critical resistance level, indicating the potential for an impending retracement. Throughout this discussion, we will explore the intricate aspects of technical analysis, including trading education on how to trade BTCUSDT effectively. As we progress through this video, we will not only provide a BTC price prediction but also deliver a Bitcoin today analysis with the aim to empower you with the insights required for trading crypto effectively. It is essential to underscore that the information presented here is intended solely for educational purposes and should not be regarded as financial advice. Engaging in the crypto market, such as trading BTC/USD, carries inherent risks, making it crucial to incorporate robust risk management strategies into your trading plan.
OANDA:BTCUSD
by tradingwithanthony
4
BTC Tests Resistance at $34,800 – Time to Long Our beloved cryptocurrency, Bitcoin (BTC), is currently testing a significant resistance level at $34,800. This is a crucial moment that could potentially pave the way for a powerful bullish rally, and I believe it's time for us to jump on board and seize this opportunity! The recent price action of BTC has been nothing short of exhilarating, with the cryptocurrency market experiencing a resurgence in interest and activity. Bitcoin has been steadily climbing, breaking through resistance levels and setting new highs along the way. And now, it stands at the precipice of a potentially monumental breakthrough. Why should you consider longing BTC at this pivotal moment? Here are a few compelling reasons: 1. Breaking Resistance: Bitcoin's ability to test and break through resistance levels is a strong indicator of its bullish momentum. It signifies growing market confidence and a potential upward trend that could lead to substantial gains. 2. Positive Market Sentiment: The cryptocurrency market as a whole is experiencing a renewed wave of optimism and interest. Institutional investors, major corporations, and even governments are starting to recognize the value and potential of cryptocurrencies, particularly Bitcoin. This positive sentiment can drive the price even higher. 3. Technical Analysis: By analyzing various technical indicators, it becomes evident that BTC is currently in a favorable position for long trades. The support levels are solid, and the overall market sentiment is bullish, providing a strong foundation for potential gains. Now, here comes the call to action: Don't miss out on this exciting opportunity to long Bitcoin and potentially ride the wave of a bullish rally. As traders, we thrive on moments like these, where the market presents us with a chance to make significant profits. By taking action now, you position yourself to benefit from the potential upward surge in Bitcoin's price. Remember, as with any investment, it's crucial to conduct your own research and make informed decisions. However, the signs are pointing towards a potentially explosive move for Bitcoin, and it's up to us to capitalize on it. So, let's seize this moment, fellow trader! Long Bitcoin and join the ranks of those who are eagerly riding the bullish wave. Together, we can navigate this exciting market and potentially unlock substantial profits. If you have any questions, need further analysis, or simply want to discuss this opportunity in more detail, please don't hesitate to comment below. I'm here to support and guide you on this exhilarating journey.
BITSTAMP:BTCUSDLong
by bryandowningqln
Bitcoin (BTC) technical and fundamental analysis📈 Technical analysis BTC/USDT The price of Bitcoin has made a breakout from the Pennant pattern formed during the trading session. Currently, we are witnessing a retest of its upper boundary. Typically, this pattern is worked out to the height of its flagpole, in this case, in the range of 40,000 to 41,000. However, there are few factors on higher timeframes that could hinder a swift completion of this pattern: 1. There hasn't been a retest of the global trendline for trend confirmation. 2. There are significant gaps in the Imbalance zone on the weekly chart at horizontal volume levels that need to be filled through trading. 3. There hasn't been a correction after the recent upward momentum. These factors increase the likelihood of Bitcoin's price retracing to at least the 0.38 Fibonacci retracement level before resuming its upward movement. But, this scenario can be invalidated if the price manages to break the resistance level at 36,000 with a strong upward move and consolidates above it. News regarding the approval of a Bitcoin spot ETF for funds such as GrayScale or BlackRock could potentially contribute to this. In that case, we would expect the full completion of the Wyckoff pattern up to 40,000. 📉 Bitcoin market global analysis On the daily logarithmic chart, the price of BTC has once again tested the global upward trendline but was unable to surpass it. The RSI indicator is in the overbought zone, indicating the need for a local corrective movement. After the correction, we expect another test of the trendline in the range of 38,000 to 40,000. If, during this retest, the price cannot establish itself above the trendline, we would anticipate the completion of a Bearish Wedge pattern and a global correction of the entire upward movement since the beginning of the year. However, news regarding the approval of a Bitcoin spot ETF could provide another powerful upward momentum. If this happens in the near future, the correction might be postponed once again. 💠 Analysis of zones and levels for making trading decisions The Fear and Greed Index is in the greed zone at 72. The total market capitalization of the cryptocurrency market has increased to 1,257 billion dollars, and the Bitcoin dominance index has fallen to 53.79. Based on the analysis of significant order blocks in the order books, the demand and supply zones are situated at the following levels: 🟢 Demand Zone: 24,000 - 30,000 🔴 Supply Zone: 36,000 - 40,000 Levels for entering long positions: 32,500 - a potential retest of the trendline 30,000 - a psychological support level 28,000 - a retest of the 200-week moving average and the 0.78 Fibonacci retracement level Levels for entering short positions: 36,000-38,000 - a possible retest of the trendline on the logarithmic chart 40,000 - a psychological resistance level 📊 Fundamental analysis Since 79% of Bitcoin holders are currently in profit, the overall sentiment in the cryptocurrency market remains positive. Today, the SEC is conducting a closed-door meeting to address regulatory claims and dispute resolutions regarding the conversion of Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF. A court has ordered the regulator to review its decision regarding the GBTC ETF, emphasizing the similarities between the Grayscale proposal and Bitcoin futures ETFs. Yesterday, the US Federal Reserve kept the key interest rate unchanged 5.5. While it seems that the markets have already priced in this news, it could have far-reaching effects on the price dynamics of both cryptocurrencies and stock markets. The S&P 500, which represents the largest US companies, responded with an impulsive rise to this news and is currently testing the dynamic resistance of EMA50. Meanwhile, the US Dollar Index (DXY) continues to move sideways. 🌐 Upcoming Events in the Global Economy The following dates are expected to bring increased volatility in both the stock and cryptocurrency markets: ➤ November 3, 15:30 - Unemployment rate data for October. ➤ November 14, 15:30 - Core CPI (MoM) for October. ➤ December 13, 2023, 21:00 - New Fed Interest Rate Decision. ➤ January 31, 2024, 21:00 - New Fed Interest Rate Decision. 📈 Is it possible to predict sudden Bitcoin price action? I would like to share the forecast of the latest Bitcoin rise by our AI, which not only indicates the direction, but also builds the trajectory of further price movement:
by TradeINEX
Bitcoin Surpasses $35K Amid ETF ExpectationsBitcoin has experienced a significant surge in both institutional and retail investor activity, stabilizing around $34,000 after reaching its highest value since May 2022, surpassing $35,000. This marks a substantial 107% increase since the beginning of the year, driven by anticipations regarding the launch of exchange-traded funds (ETFs) and rising safe-haven demand. Last week, Bitcoin transactions exceeded $100,000, often associated with 'whale' investors, reaching the year's high of $23,400. According to data from IntoTheBlock, this uptick coincided with Blackrock's (NYSE: BLK) ETF registration filing, likely fueling increased interest in Bitcoin among large investors and institutions. The U.S. Securities and Exchange Commission (SEC) plans to approve several spot ETFs next year. This development has the potential to propel Bitcoin's market value to $42,000 or even higher. Meanwhile, data from Deutsche Digital Assets indicates a growing trend in retail investor activity. The on-chain activity index for small entities reached a new yearly high of 1.5 last week, indicating increasing participation from small investors.
BITSTAMP:BTCUSD
by Gwen_Humuna
BTC Market Update: Raging On, but a Pullback May Be SoonWhile Bitcoin continues to showcase its unstoppable bullish momentum, it's important to keep an eye on the weekly Relative Strength Index (RSI) indicator. As you may know, RSI is a widely-used technical analysis tool that helps identify overbought and oversold conditions in an asset. Currently, the weekly RSI for BTC has reached 70, a level that historically indicates overbought territory. This suggests that while the market sentiment remains overwhelmingly positive, a potential pullback could be on the horizon. However, don't let this news dampen your enthusiasm! Bitcoin has proven time and again its ability to surprise us with its resilience and ability to defy expectations. This is why I encourage you to consider a long position on BTC, taking advantage of the current market trend. Nevertheless, it's crucial to exercise caution and be prepared for a potential pullback in the near future. As experienced traders, you understand the importance of timing and risk management. By being aware of the RSI hitting 70, you can plan your trades accordingly and potentially capitalize on any price corrections that may occur. In conclusion, the Bitcoin market continues to offer tremendous opportunities for profit. By going long on BTC while keeping an eye on the weekly RSI hitting 70, you can position yourself strategically and maximize your gains. Remember, successful trading is all about staying informed and adapting to market conditions! Wishing you profitable trades and a conservatively happy trading journey!
BITSTAMP:BTCUSDLong
by bryandowningqln
Bitcoin Surpasses $35K Amid ETF ExpectationsBitcoin has experienced a significant surge in both institutional and retail investor activity, stabilizing around $34,000 after reaching its highest value since May 2022, surpassing $35,000. This marks a substantial 107% increase since the beginning of the year, driven by anticipations regarding the launch of exchange-traded funds (ETFs) and rising safe-haven demand. Last week, Bitcoin transactions exceeded $100,000, often associated with 'whale' investors, reaching the year's high of $23,400. According to data from IntoTheBlock, this uptick coincided with Blackrock's (NYSE: BLK) ETF registration filing, likely fueling increased interest in Bitcoin among large investors and institutions. The U.S. Securities and Exchange Commission (SEC) plans to approve several spot ETFs next year. This development has the potential to propel Bitcoin's market value to $42,000 or even higher. Meanwhile, data from Deutsche Digital Assets indicates a growing trend in retail investor activity. The on-chain activity index for small entities reached a new yearly high of 1.5 last week, indicating increasing participation from small investors. This upswing in both institutional and retail investor involvement underscores the escalating interest in Bitcoin as it continues its upward trajectory. The anticipated approval of several spot ETFs next year could further stimulate this activity and potentially drive Bitcoin's market value to new heights.
BITSTAMP:BTCUSD
by Gwen_Humuna
BTC Show Wedges Galore: A Strong Bullish Signal for Traders BTC is showing wedges galore, and it's a strong bullish signal we simply cannot overlook! As seasoned traders, we understand the significance of recognizing patterns and signals that can potentially guide our trading decisions. Wedge patterns have long been regarded as powerful indicators of future price movements, and the current scenario in the BTC market is no exception. The formation of multiple wedges in recent weeks has caught the attention of analysts and experts alike, suggesting a promising upward trajectory for our beloved Bitcoin. Let's delve into the details of this remarkable phenomenon. Wedges, characterized by converging trend lines that move in opposite directions, signify a period of consolidation and potential accumulation before a breakout. In the context of BTC, these wedges are forming at various timeframes, indicating a strong bullish sentiment prevailing in the market. This pattern suggests that buyers are gradually gaining control and accumulating BTC, setting the stage for an imminent upward movement. Now, you may wonder why this information is crucial and how it can benefit us as traders. Well, the answer lies in the potential profits we can seize by taking advantage of this bullish signal. By identifying and acting upon these patterns, we can position ourselves for long trades, aiming to capitalize on the anticipated upward momentum of BTC. So, fellow traders, I urge you to seize this golden opportunity and consider going long on BTC. However, please remember that every trade carries inherent risks, and it is essential to conduct your own thorough analysis and risk management before making any trading decisions. In conclusion, the formation of wedges galore in the BTC market is an exciting development that cannot be ignored. It presents us with a strong bullish signal, suggesting a potential upward movement in the near future. As traders, it is our duty to stay informed, analyze the market diligently, and make calculated decisions to maximize our profits.
Long
by bryandowningqln
BTC - 31/10/23It's quite a scenario to imagine, isn't it? 🐻 #Bitcoin seems to be showing signs similar to the 'Bull Trap' pattern we observed in late 2019/early 2020 🧐 👉 It's broken past the Echo Bubble Support line, deceived bears beneath the EMA50, and surged back to the former Support line, which now acts as Resistance. The unique aspect this time is that we're witnessing a new yearly peak. Back in 2020, an unexpected event (covid19) led to a rapid market downturn. ❓Wondering about the potential catalyst this time? The current situation in the Middle East seems volatile. It's wise to stay alert. For CRYPTOCAP:BTC to demonstrate its strong bullish stance, reclaiming the trendline is crucial, potentially aiming for the 40-45k mark. I'd advise against betting against #BTC right now; its momentum is commendable. Always be prudent and avoid getting caught up in the excitement.
BITSTAMP:BTCUSD
by mikey_s_trades
BTC future!Last week, Bitcoin transactions exceeding $100k, often associated with 'big' investors, reached a year-to-date high of 23,400. According to data from IntoTheBlock, this increased activity coincides with Blackrock (NYSE:{13078|BLK}}) filing for an ETF and is said to have increased interest in Bitcoin among large and small investors. organizations. The U.S. Securities and Exchange Commission (SEC) is expected to approve several spot ETFs next year. This development has the potential to push Bitcoin's market value to FWB:42K or more.
BINANCE:BTCUSDLong
by D-Venn
Bitcoin at $35,000: Mid-December Ideal Entry?"Technical Analysis: Micro Outlook for Bitcoin Since testing the $33,901 support level, Bitcoin seeks to maintain its upward momentum, supported by the price trends surrounding spot BTC ETFs. While the next major ETF news may take some time, Bitcoin faces decisions from the US Federal Reserve regarding interest rates and the release of non-farm payroll data in the coming week. If outcomes align with expectations, BTC could experience limited volatility, hovering around $34,700, with potential to reach $35,000.
BITSTAMP:BTCUSD
by Gwen_Humuna
1
Celebrating BTC's Breakthrough! Let's Ride the Bullish WaveI couldn't contain my enthusiasm as I witnessed Bitcoin (BTC) making a remarkable breakthrough, smashing through resistance levels not seen since 2018. It's time to celebrate and seize this golden opportunity! The recent surge in BTC's value has left many traders astounded and filled with optimism. With its strong upward momentum, BTC has demonstrated its resilience and potential for growth. This breakthrough is a clear sign that the crypto market is evolving, and we have a chance to ride the bullish wave towards potential profits. Now, you might be wondering, "What's next?" Well, my friend, this is where the real excitement begins! As an experienced trader, you know that timing is crucial in this fast-paced market. With BTC's recent breakthrough, it's the perfect moment to consider taking a long position and capitalize on this upward trend. I encourage you to join me in embracing this golden opportunity and consider going long on BTC. By taking a long position, we can potentially benefit from the continued growth and ride the wave of optimism that has engulfed the market. As the saying goes, "The trend is your friend," and it seems like the trend is definitely in our favor right now! To support your decision-making process, I recommend conducting thorough technical and fundamental analysis, considering factors such as market trends, historical data, and expert opinions. By doing so, you can gain a deeper understanding of the current market conditions and make informed trading decisions. Remember, trading always involves risk, and it's essential to set realistic goals and manage your risk effectively. However, with BTC's recent breakthrough, the potential rewards are certainly worth considering. So, let's embrace this exciting moment, my friend! Take advantage of this bullish wave and consider going long on BTC. Together, we can navigate the market with optimism and aim for potential profits. If you have any questions, need guidance, or simply want to share your thoughts on this exhilarating development, please don't hesitate to comment below. I'm here to support you every step of the way. Wishing you a prosperous and profitable trading journey!
BITSTAMP:BTCUSDLong
by bryandowningqln
1
BTC overview and ask for your altcoins BTC / USDT BTC succeeds to breakout the resistance of 32k (monthly resistance) yesterday first time since may 2022! We can see also a successful breakout retest what does that mean ? – The 30k to 32k level should act now as support /buy area until broken for the next pump toward 40k region ! – NOTE : The price has filled the CME GAP at 35k There is another major CME gap around 21k and in order to fill this one we need a big big FUD ,but for now we cant talk about this scenario as long as we closing weekly above 30k Summary: My current bias now is bullish as long as we close weekly above 30k Don’t forget to show your support by like(rocket) and comment⬇️ Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can
by Babenski
108
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Bitcoin rose back above the 34,000 level on Saturday, which comes following recent price consolidation. After hitting a low of 33,416.89 on Friday, BTC/USD rallied to an intraday high of 34,201.77 to start the day. The move saw bitcoin snap a two-day losing streak, which came after the cryptocurrency was significantly overbought. Despite the uncertainty of the past few days, the 14-day relative strength index (RSI) remains in this territory. the index is tracking at 81.21, which comes as bulls implemented an interim floor at the 80.00 mark. If this level holds throughout the weekend, bulls may make another run towards the 35,000 level. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
BTC's Latest Price Continues to Surpass SMA 100 and 200 Days!BTC's latest price movement has continued to soar above both the SMA 100 and SMA 200-day indicators. It's truly remarkable to witness BTC's resilience and strength in the market, especially when considering the challenges and uncertainties that the world has been facing lately. As a trader, you understand the significance of these indicators and how they can influence your investment decisions. So, let's dive into the details and explore the implications of this ongoing trend. BTC's current price is significantly higher than both the SMA 100 and SMA 200-day indicators, indicating a sustained bullish momentum. This notable deviation from the moving averages suggests that the cryptocurrency's value is consistently outperforming its historical averages, presenting an excellent opportunity for those looking to capitalize on the market's upward trajectory. Now, with such positive news at hand, I encourage you to consider taking advantage of this favorable situation by considering a long position on BTC. By going long, you can potentially benefit from the cryptocurrency's upward price movement and maximize your returns. As an experienced trader, you are well aware of the importance of timing and seizing opportunities when they arise. With BTC's current performance, it's crucial to act swiftly and strategically to optimize your investment strategy. However, please remember to conduct thorough research and analysis, considering your risk tolerance and overall investment goals before making any trading decisions. In conclusion, the latest price surge of BTC, surpassing both SMA 100 and SMA 200-day indicators, is undeniably a promising sign for traders like yourself. This development presents an exciting opportunity to capitalize on the upward trend and potentially enhance your trading portfolio.
BITSTAMP:BTCUSDLong
by bryandowningqln