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Bitcoin, we have to talk !FIRST AND FOR MOST, CONGRATS EVERYONE ON 100K ! Now, I don’t even know what to say, honestly. Right now, we’re in a bit of a situationship with Bitcoin. You see those two trendlines (red and green)? Yeah, they’re a problem. Both are drawn from the 2017 market cycle peak and the two 2021 market cycle peaks. (We can argue all day about which one was the real top, but honestly, that’s irrelevant in this situation.) The real question is: what makes a trendline valid? A valid trendline needs to touch three points, right? And here’s the catch—we can argue that these trendlines are missing that third peak to be considered valid. Exactly. My point is that we might actually be making that third peak right now. If that happens, the trendline gets validated, and we’d have—ugh, I hate to say it—a market cycle top. In the best-case scenario, it’s just a local top. The volume has been decreasing on the daily chart since we first breached 100k. This suggests there isn’t much conviction behind the slow grind higher we’ve been seeing. but hey its a grind i'll take it. But nothing is guaranteed. Let’s just watch and tread carefully. P.S. ETH hasn’t hit a new ATH yet, so I’m not saying it’s game over for the market. But for Bitcoin? Yeah, it might be. how and ETH is not even challenging the ATH , I don’t know. Can Bitcoin slice through them like they don’t even exist? Yes, it absolutely can. "That's it, that's the idea" - Good night !
INDEX:BTCUSD
by hhMaxima38
Bitcoin Market Trend Analysis (BTC/USDT) – Updated TradingOverview of the Current Bitcoin Market Trend In December 2024, the Bitcoin (BTC/USDT) market continues to show a strong bullish trend, with the price moving within an ascending channel. However, Bitcoin is currently facing key resistance levels, which could lead to one of two scenarios: a continued breakout or a correction to test support levels. In this article, we will analyze the Bitcoin market trend in detail and provide effective trading strategies. Bitcoin BINANCE:BTCUSD Market Overview for December 2024 The Bitcoin (BTC/USDT) chart shows the price moving within an ascending channel, with a trendline support below and resistance above. Currently, the price is approaching the significant resistance zone around 104,000 USD to 106,000 USD. These levels have acted as strong resistance in the past. Will Bitcoin break through these levels and continue its upward trend, or will it face a pullback? Let’s find out. Analysis of Resistance and Support Levels Strong Resistance at the 104,000 USD - 106,000 USD Zone Main Resistance: Bitcoin is nearing the 104,000 USD - 106,000 USD range, which is a key resistance area. If Bitcoin successfully breaks through this zone and stays above the resistance, the price could continue to rise. However, if the price fails to break above and shows rejection, it may consolidate or retrace. Strong Support at the 100,000 USD Level Main Support: The 100,000 USD level is not only an important support but also a psychological round number for investors. This is a level where Bitcoin could recover if the market experiences a pullback. If the price dips to this level and begins to bounce back, it may create a buy opportunity aligned with the uptrend. Bitcoin Trading Strategies Breakout Strategy Entry Condition: If Bitcoin BITSTAMP:BTCUSD breaks above the 104,000 USD - 106,000 USD resistance zone with high trading volume, consider entering a long position. Pay attention to the strong upward momentum in volume to confirm the breakout. Profit Target: The profit target could be 110,000 USD or higher if the trend continues. Stop Loss: Place the stop loss below the nearest support level, such as 100,000 USD or 99,000 USD, to protect the position if the price fails to maintain the uptrend. Buy on Dip Strategy Entry Condition: If the price pulls back to the 100,000 USD level or the support of the channel, you can enter a buy position. Confirm the bounce with increasing volume and a recovery candlestick pattern. Profit Target: Take profit at 104,000 USD or higher if the uptrend continues. Stop Loss: Place the stop loss below 100,000 USD or below the channel’s support to safeguard the position. Short Strategy Entry Condition: If Bitcoin fails to break through 106,000 USD and shows signs of rejection (e.g., reversal candlestick patterns, decreasing volume), you may consider opening a short position. This is especially true if volume does not increase when the price approaches resistance. Profit Target: Take profit at the 100,000 USD level or below the channel’s support. Stop Loss: Place the stop loss above 106,500 USD to protect the position if the price continues higher. Volume Analysis Volume is an important factor for confirming technical signals. A strong increase in volume as the price approaches resistance levels could signal a breakout. However, if volume decreases when the price reaches these levels, it may indicate a lack of buying interest, and the market could experience a pullback.
by Henrybillion
#BTC/USDT Urgent Update!BTC experienced a correction, but it can be seen as just a minor dip compared to the carnage in altcoins. This kind of surprise is bound to happen along the way. One thing is certain: Bitcoin is far from done, and altcoins haven't even begun to show their real potential. Looking at the chart, BTC held the support and looks ready for a new ATH. As long as $90k holds, BTC will likely hit $110- $115k. Dyor, this is not financial advice. If you decide to exit now, the only thing you'll likely do in a few months is regret it. Plan wisely. I will be posting more updates on this week. If you agree, please click the like button and share your views in the comment section. Thank you #PEACE
Long
by Cryptorphic
6
Bitcoin's $92K Correction: A Deep Dive into the Real CulpritBitcoin, the world's largest cryptocurrency, has recently undergone a significant price correction, dipping below the crucial $92,000 level. While many analysts initially pointed fingers at the influx of Bitcoin Exchange-Traded Funds (ETFs) as the primary catalyst for this downturn, on-chain data paints a different picture. The Myth of ETF-Induced Selling Pressure The narrative that ETF inflows have been the primary driver of Bitcoin's recent price decline has gained traction in certain circles. However, a closer examination of on-chain data reveals a different story. • Long-Term Hodlers Remain Resilient: Despite the market downturn, long-term Bitcoin holders, often referred to as "whales," have shown remarkable resilience. These individuals, who have held their Bitcoin for extended periods, have not been significant sellers during the recent correction. • Short-Term Holders Under Pressure: In contrast to long-term holders, short-term holders have been more inclined to sell their Bitcoin, particularly during periods of market volatility. This suggests that the recent price decline may be more attributable to profit-taking by short-term investors rather than a broader market sell-off. A Normal Correction, Not a Bear Market It's important to recognize that the current price correction is a natural part of the cryptocurrency market cycle. Bitcoin has experienced similar corrections in the past, often followed by periods of consolidation and subsequent upward momentum. • Technical Analysis Suggests a Healthy Correction: A closer look at Bitcoin's technical indicators reveals a healthy correction. The Relative Strength Index (RSI) has dipped below the overbought level, indicating that the recent price surge may have been overextended. Additionally, the Moving Average Convergence Divergence (MACD) has crossed below the signal line, suggesting a potential bearish trend in the short term. • Support Levels to Watch: Traders and investors should keep an eye on key support levels, such as the 100-day moving average on the 4-hour chart. If Bitcoin can hold above this level, it could signal a potential reversal of the current downtrend. The Future of Bitcoin: A Long-Term Bullish Outlook Despite the recent price correction, the long-term outlook for Bitcoin remains bullish. Several factors continue to drive the adoption and value of Bitcoin: • Institutional Adoption: Major financial institutions and corporations are increasingly recognizing the potential of Bitcoin as a valuable asset class. This institutional adoption is likely to fuel further price appreciation in the long run. • Deflationary Supply: Bitcoin's fixed supply of 21 million coins ensures that its value will appreciate over time as demand increases. • Global Economic Uncertainty: As global economies grapple with inflation and geopolitical tensions, Bitcoin's appeal as a hedge against inflation and a store of value is likely to grow. In conclusion, while the recent price correction may have caused some short-term volatility, it is important to maintain a long-term perspective. Bitcoin's underlying fundamentals remain strong, and the cryptocurrency is well-positioned to continue its upward trajectory in the years to come. Disclaimer: This article is for informational purposes only and should not be construed as financial1 advice. It is important to conduct thorough research and consider consulting with a financial advisor before making any investment decisions.2
B
by bryandowningqln
Bitcoin's Critical Juncture: A $100K Test or a Bearish Turn? Bitcoin, the world's largest cryptocurrency, has recently reached a critical juncture. Its price action has formed a key support level that bulls must defend to maintain the upward momentum and potentially pave the way for a new $100,000 price push. A Pivotal Support Level After a period of consolidation and recent price volatility, Bitcoin has found support at a significant level. This level acts as a crucial line in the sand for the cryptocurrency. If bulls can successfully defend this support, it could signal renewed bullish sentiment and potentially trigger a fresh rally towards the coveted $100,000 price target. Bullish Resilience Despite facing headwinds from broader market volatility and regulatory uncertainty, Bitcoin bulls have shown remarkable resilience. The recent bounce from the key support level underscores this bullish sentiment. It demonstrates the underlying strength of the market and the unwavering belief of many investors in Bitcoin's long-term potential. A Glimpse into the Future: A Golden Warning However, a closer look at Bitcoin's performance relative to gold raises some concerns. By analyzing historical price patterns, a potential bearish fractal has emerged. This fractal, when compared to previous market cycles, suggests that Bitcoin may be due for a significant correction, potentially as much as 35%. This bearish signal stems from the fact that Bitcoin's price against gold has reached resistance levels that historically coincided with the start of bear markets in 2018-2019 and 2021-2022. While this fractal analysis provides a valuable perspective, it's essential to remember that market conditions can change rapidly, and past performance is not indicative of future results. The Road Ahead The coming weeks and months will be pivotal for Bitcoin's price trajectory. If bulls can successfully defend the key support level and maintain the upward momentum, a new $100,000 price push could be on the horizon. However, if the bearish fractal plays out, a significant correction may be inevitable. It's crucial to approach Bitcoin investing with a long-term perspective and a risk management strategy. The cryptocurrency market is inherently volatile, and price fluctuations are to be expected. By staying informed, conducting thorough research, and diversifying investments, investors can navigate the complexities of the market and position themselves for potential rewards. Key Takeaways: • Bitcoin has reached a critical support level that bulls must defend. • A successful defense could trigger a new $100,000 price push. • A bearish fractal suggests a potential 35% correction. • The cryptocurrency market is highly volatile, and price predictions are uncertain. Additional Considerations: • Macroeconomic Factors: Global economic conditions, interest rate policies, and geopolitical events can significantly impact Bitcoin's price. • Regulatory Environment: Regulatory positive and negative developments can influence investor sentiment and market dynamics. • Technological Advancements: Ongoing technological advancements in the blockchain space can drive innovation and adoption, positively impacting Bitcoin's long-term prospects. By carefully considering these factors and maintaining a balanced approach, investors can navigate the complexities of the cryptocurrency market and position themselves for potential rewards.
BITSTAMP:BTCUSD
by bryandowningqln
BTC Bitcoin: Is the Bullish Breakout Here to Stay?👀👉 Bitcoin (BTC) has been gaining strong momentum, with a confirmed bullish breakout in market structure on the daily and 4-hour charts, reaching new all-time highs. My outlook remains bullish as I monitor a potential retracement into the Fibonacci 61.8% zone for an ideal entry point. In this video, we provide a detailed BTC analysis and explore how to trade Bitcoin effectively, breaking down strategies to capitalize on the current bullish trend. Whether you’re an experienced trader or new to the crypto markets, this guide will refine your trading approach and improve your confidence in navigating Bitcoin's price action. Not financial advice.
THINKMARKETS:BTCUSDLong
by fxtraderanthony
2
Can Bitcoin Sustain Its Meteoric Rise and Reach the $110,000 MarBitcoin's Meteoric Rise: A Rally Towards the $100,000 Mark Bitcoin, the world's largest cryptocurrency, has once again defied expectations, surging past the historic $100,000 milestone. This remarkable achievement comes amidst a backdrop of sluggish performance in traditional assets such as oil, gold, and the S&P 500 index. A Bullish Outlook for 2025 Analysts are increasingly optimistic about Bitcoin's trajectory, with some predicting that the rally will continue well into 2025. This bullish sentiment is fueled by a confluence of factors, including growing institutional adoption, increasing regulatory clarity, and a strengthening global economy. As more traditional financial institutions and corporations embrace Bitcoin, the cryptocurrency's legitimacy and mainstream appeal have surged. This institutional adoption has significantly contributed to the price surge, as large-scale investors seek to diversify their portfolios and gain exposure to the emerging digital asset class. Furthermore, regulatory developments around the world have played a crucial role in shaping Bitcoin's future. While regulatory frameworks vary across different jurisdictions, increased clarity and supportive policies have fostered a more conducive environment for cryptocurrency investment. A Closer Look at the Technical Indicators Despite the impressive rally, technical indicators suggest that Bitcoin's upward momentum may be losing steam. The "Choppiness" index, a measure of price volatility, has been steadily increasing, indicating a potential shift towards a more sideways market. While the $100,000 level represents a significant psychological barrier, breaking through the $110,000 mark may prove to be a more challenging task. Long-Term Holders: A Sign of Strength or Weakness? The behavior of long-term Bitcoin holders has also sparked debate among market analysts. Some argue that the increased accumulation of coins by long-term holders is a bullish signal, suggesting strong conviction in the cryptocurrency's long-term potential. Others, however, believe that this could be a sign of impending weakness, as long-term holders may be preparing to sell their holdings at higher prices. The Future of Bitcoin: A Fork in the Road As Bitcoin continues to evolve, several key questions remain unanswered. Will the cryptocurrency achieve widespread mainstream adoption, becoming a staple in investment portfolios worldwide? Or will it face increased market volatility and regulatory hurdles, potentially leading to a price correction? Furthermore, the future of Bitcoin may be intertwined with the development of innovative technologies such as blockchain and decentralized finance (DeFi). These emerging technologies have the potential to revolutionize various industries, including finance, supply chain management, and healthcare.1 Investor Sentiment: Hold, Sell, or Buy More? Retail and institutional investors alike are grappling with the decision of whether to hold, sell, or buy more Bitcoin. While the cryptocurrency's recent performance has been impressive, it's essential to approach investment decisions with caution and conduct thorough research. As with any investment, it's crucial to consider your risk tolerance, financial goals, and long-term investment horizon. Diversification is also a key strategy to mitigate risk and optimize returns. Conclusion Bitcoin's journey to the $100,000 milestone is a testament to its resilience and transformative potential. While the future remains uncertain, the cryptocurrency's underlying technology and growing adoption continue to drive its value. As the digital asset landscape evolves, it's imperative to stay informed and adapt to the changing dynamics of the market.
BITSTAMP:BTCUSD
by bryandowningqln
BTC TO REACH $108,350BTC is at an ATH, currently hovering at around $100k with a daily candle looking to close above the previous major resistance level of $99,485, turning that key level into a support for the future market. This is an area we should be wary of, considering all factors especially the volatility it will bring with mass liquidation as well as new entry's both short and long. From simple price action analysis there is confluence that the market can continue bullish, coupled with fundamentals revolving around BTC & crypto in general, i would say the market is still bullish. We were always going to see relief periods caused by liquidation and positions being closed & targets being hit so a pull back around $100k was always predictable as it is such an obvious target for traders. Now that the market is looking to close above the key level of $100k it does present certain opportunities. IMO there are multiple factors that point to a pull back to around the $96,755 area. The lower time frames indicate a confirmation in trend change as the 9/21 SMA's have crossed, the market is experiencing relief and the fib shows this level would complete a 61.8% pull back. There is also the possibility of a large amount if liquidity in this real in the form of retail traders stops being placed here from long trades after breaking the $100k level, it is possible the market makers will want to take these out before returning to a bullish state. Therefor if the market does pull back to the $96,755 level and reject the fib / key levels i would look to enter again into BTC for a clear push back through $100k with a target set at $108,350, taking % of profits along the way to reduce risk.
COINBASE:BTCUSDLong
by h77nry
Now Funding Rates Have Fixed, Where Were We?Now that BTC USDT funding rates have fixed, where were we? Bitcoin's funding rate normalization is a positive signal for market stability, often indicating that extreme sentiment (either bullish or bearish) is cooling off. This creates a more balanced environment for the next major move. Resistance and the 110K Target If the key resistance level you are watching breaks, the idea of a path to $110K becomes plausible under certain conditions: Momentum Confirmation: A strong breakout above the resistance with high volume and no immediate rejection is crucial. Market Sentiment: If the broader sentiment shifts positively, it could drive significant buying pressure. Macro Factors: Bitcoin's trajectory could be influenced by external factors like macroeconomic data, institutional adoption, or regulatory clarity. See how Latest BTC Analyzes hit TP Latest Bitcoin Analyzes I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
Long
by UmutTrades
Analyzing Bitcoin's Bullish Trajectory: Is $110,000 Achievable? Bitcoin's Bullish Trajectory: A Path to $110,000? Bitcoin, the world's largest cryptocurrency, has recently shown signs of renewed strength, with 30-day trader profits returning to a "healthy" range. This resurgence of bullish sentiment has reignited speculation about Bitcoin's potential to reach the coveted $110,000 milestone. The Return of Profitable Trading After a period of market volatility and declining profitability, Bitcoin traders have once again begun to experience positive returns over a 30-day period. This shift in market dynamics indicates a growing number of traders are capitalizing on the cryptocurrency's upward momentum. Key Factors Driving Bitcoin's Bullish Run Several factors are contributing to Bitcoin's bullish trajectory: 1. Institutional Adoption: o Increased Institutional Interest: A growing number of institutional investors, such as hedge funds and corporations, are allocating a portion of their portfolios to Bitcoin. This institutional interest provides significant support to the cryptocurrency's price. o Regulatory Clarity: As regulatory frameworks for cryptocurrencies continue to evolve, institutional investors are gaining more confidence in the asset class. 2. Network Upgrades and Scaling Solutions: o Layer-2 Solutions: The development and implementation of layer-2 scaling solutions, such as the Lightning Network, have the potential to significantly enhance Bitcoin's scalability and transaction throughput. o Network Upgrades: Regular network upgrades and protocol improvements aim to optimize Bitcoin's performance and security. 3. Global Economic Uncertainty: o Inflationary Pressures: Rising inflation rates and economic uncertainty have led investors to seek alternative assets, including Bitcoin, as a hedge against inflation. o Geopolitical Tensions: Geopolitical tensions and global conflicts can also drive demand for Bitcoin as a decentralized and borderless asset. 4. Positive Market Sentiment: o Bullish Sentiment: A prevailing bullish sentiment among traders and investors has contributed to Bitcoin's price surge. o FOMO (Fear of Missing Out): As Bitcoin's price continues to rise, FOMO can drive further buying pressure and accelerate the upward trend. The Path to $110,000 While $110,000 may seem like a lofty target, several factors could propel Bitcoin to this milestone: • Sustained Institutional Adoption: Continued institutional investment and increased mainstream acceptance can drive significant price appreciation. • Successful Network Upgrades: Successful implementation of network upgrades and scaling solutions can enhance Bitcoin's utility and attract more users. • Favorable Regulatory Environment: A supportive regulatory environment can foster innovation and encourage further investment in the cryptocurrency industry. • Strong Fundamental Factors: A robust economy, low interest rates, and geopolitical tensions can all contribute to Bitcoin's appeal as a safe-haven asset. Conclusion Bitcoin's recent price surge and the return of profitable trading activity have reignited optimism among investors. While the $110,000 milestone is not guaranteed, the confluence of favorable factors suggests that Bitcoin has the potential to reach new heights. However, it is crucial to approach cryptocurrency investments with caution, conduct thorough research, and diversify one's portfolio.
BITSTAMP:BTCUSD
by bryandowningqln
The Moment of Truth – New ATH Incoming?The time has come for Bitcoin to challenge and potentially break through its key resistance level. Market sentiment, combined with technical strength, suggests that a new all-time high (ATH) might be closer than we think. Why BTC Could Break Resistance: Global Momentum: Increasing institutional interest and macroeconomic factors are supporting a bullish outlook. Volume and Buyer Strength: Recent trading activity shows strong buyer interest near critical levels, hinting at sustained demand. ETH’s Time to Shine: Meanwhile, ETH is poised for a resurgence. After a period of underperformance, ETH is no longer being "crushed" by market pressures. With significant developments in its ecosystem and renewed interest, it’s time for Ethereum to perform better and reclaim its standing in the market. What to Watch For: BTC breaking resistance with conviction could signal the start of a broader market rally. ETH following suit could lead to an impressive recovery and potentially outperform BTC in the near term. The markets are at a tipping point—let’s see how this plays out! I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan
Long
by UmutTrades
Bitcoin will fall sharpely!Beware, there is a high risk of Bitcoin dump in the next few days. Of course, I could be wrong, as I'm no soothsayer and I've made mistakes in the past, but I'm relying on a predictive model I've been developing for the past three years, which has become very reliable in recent months. To sum up, my model gives me a cycle top below $100K, a 30 to 40% dump this week, followed by a downtrend punctuated by rebounds over several months towards $31K. Do your own research, as I'm only expressing my opinion, which is not a financial advice.
Short
by Bitcoin_Weather
2
BITCOIN -important data about bullrun (2024 - 2025)Weekly chart displays a parbolic curve pattern and as shown we already started at the base4 -let me tell u more about the parabolic curve.. parabolic curve consist of 4 bases... price going sideway at every base then make double in short period base 1: 24k - 44k within (84 days) base 2: 38k - 69k within ( 49 days) base 3: 58k - 99k within (42days) -so i expect price go sideway from this point consolidated a base 4 then btc will pumped hard in short period (maximum 60 days) -if u look at BTC.Dominance u will see a pretty monthly/weekly close below the multi years rising wedge pattern , 0.618 fib this is prime close ...when u applied the previous data about BTC and the Dominance data u will know that we will start an extremly bullish ALTSEASON -My advice is to detect ur target from now and never sell too early if u gain a profit -for explain it more i will give u an example:(AVAX) -in 2021 AVAX pumped hard about 15X within 126days just about 4months ... do u think who bought AVAX sold it with X15 profit? -absoultly no 99.99% didn't do that , but there is who sell AVAX with loss even when it pumped 15X and others sold at profit of 50% or 100%... imagine the feeling who buy AVAX at the dip and sold it with 50% or 100% profit.. he will wish he had been paralyzed during those 126days to get the great profit -Therefore, .. contentment is important, but this does not make you sell too early -Be patient with your coins in the bullrun and you will find that you have earned good profits and set reasonable targets... This is the most difficult challenge -Because this matter of contentment does not work ...because despite all these heights that you see, you have not seen the crazy jumps yet This is a promise from me and remember this well ..Once you see crazy jumps, you will not be able to control yourself, greed and FOMO will kill you if you do not have goals from now and a clear plan drawn up. Best regards Ceciliones🎯
by ceciliones
20
#BTC - Amazing Long Setup Is #Bitcoin ready to break the legendary 100k mark that everyone is awaiting? Check out the analysis below! HTF Bias: Price broke the previous daily rejection block / supply zone / structural high, marked with a purple rectangle, which now means it should hold as a demand zone for later pullback From the swing low to high, if we trace a fibonacci retracement, we see that price perfectly rejected from the **Golden Zone - 0.618 - 0.768 **(in this case it barely hit 0.618) It bounced back to mitigate supply zone left behind, leaving behind the same flip zone (supply turning to demand zone), reversed and now it just sweeped the most recent liquidity, showing clear rejection signs, forming a huge wick LTF Bias: Now that the HFT is aligned with LTF, all that matters is where we entry the trade Given we already sweeped the most obvious liquidity, this is how I would place my trade Stop loss below the most recent sweep, Take Profit at the 1.236 mark on the Fibonacci Extension tool ​ What are your thoughts on this chart? Do you have any #Bitcoin in your wallet? What are your targets? Follow for more daily ideas!
Long
by tamastery
7
Is Bitcoin's Liquidity Index a Reliable Indicator for PredictingBitcoin (BTC) has been making significant strides in recent times, and a new analysis suggests that the cryptocurrency could reach a local top of $102,000 by January 2025. This prediction is based on the behavior of Bitcoin's liquidity index, a metric that measures the ease with which Bitcoin can be bought or sold. The Significance of Bitcoin's Liquidity Index The liquidity index is a crucial indicator of market sentiment and potential price movements. A higher liquidity index suggests increased investor interest and a stronger demand for Bitcoin. Conversely, a lower liquidity index may signal waning interest and potential price declines. Historical Correlation Between Liquidity Index and Bitcoin Price Historical data reveals a strong correlation between Bitcoin's liquidity index and its price. In the past, periods of high liquidity have often preceded significant price rallies, while periods of low liquidity have coincided with price corrections. The 2025 Prediction Based on the current trend of the liquidity index, analysts predict that Bitcoin could reach a local top of $102,000 by January 2025. This projection is supported by the historical correlation between the index and Bitcoin's price. However, it's important to note that this prediction is based on the assumption that the historical correlation between the liquidity index and Bitcoin's price will continue to hold. While this assumption is reasonable, it's not guaranteed. Several factors could influence Bitcoin's price trajectory, including macroeconomic conditions, regulatory developments, and geopolitical events. Potential Correction After the Peak Following the projected $102,000 peak, Bitcoin may undergo a correction to around $70,000. This potential correction could be driven by profit-taking, overbought conditions, or a shift in market sentiment. Factors Influencing Bitcoin's Price Several factors could impact Bitcoin's price in the coming months and years: 1. Macroeconomic Conditions: Global economic conditions, such as inflation rates, interest rates, and GDP growth, can significantly influence Bitcoin's price. 2. Regulatory Environment: Regulatory clarity and favorable policies can boost investor confidence and drive Bitcoin's adoption. 3. Institutional Adoption: Increased adoption of Bitcoin by institutional investors, such as hedge funds and pension funds, can provide significant price support. 4. Network Upgrades: Technological advancements and network upgrades can enhance Bitcoin's scalability and efficiency, attracting more users and investors. 5. Market Sentiment: Investor sentiment, including fear, greed, and speculation, can play a significant role in short-term price fluctuations. Conclusion While the liquidity index suggests a potential $102,000 peak for Bitcoin by January 2025, it's essential to approach this prediction with caution. The cryptocurrency market is highly volatile, and unforeseen events can significantly impact Bitcoin's price. Investors should conduct thorough research and consider consulting with financial advisors before making any investment decisions. It's also crucial to diversify one's investment portfolio and manage risk effectively. As Bitcoin continues to evolve and mature, its long-term potential remains significant. However, investors should be prepared for both upside and downside volatility in the short term.
BITSTAMP:BTCUSDLong
by bryandowningqln
Where are we in the Bitcoin Cycle?Let’s break it down: 1️⃣ 60-Day Cycle Count 2️⃣ Cycle Indicators 🧵👇 1️⃣ 60-Day Cycle 📆We’re on Day 20 of the cycle. 💡 Around this time, a small retracement to the mid-cycle low is normal. But here’s the bullish twist: ⚡ In bullish cycles, the mid-cycle low is HIGHER than: The previous cycle low Even the next cycle low ✅ Translation? We’re STILL climbing this cycle! 🚀 Expect upside in the next 1–2 weeks. 2️⃣ Cycle Indicators 📊The 2W, 1W, 3D, and 1D indicators just hit 80—a level that usually triggers a price drop. ⬇️ This marks the top of the 1W cycle and could signal some short-term cooling off. Summary 🧠 🌱 Day 20 of a bullish cycle = Growth ahead. 🔔 Short-term pullbacks = Buying opportunities. 👀 Watch for continued upside over the next 1–2 weeks. Stay on the line. #Bitcoin #Crypto #BTC #TradingView
BITSTAMP:BTCUSDLong
by TheStrategyMaster
1