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Btcusdshort

Bitcoin Surges to $35,200: Crypto Market Optimism"Bitcoin's price has surged, reaching a 17-month high of over $35,200. This rapid increase of nearly $5,000 in just one day has pushed the total cryptocurrency market value beyond $1.24 trillion. As predictions about a Bitcoin ETF continue to rise, trading volume is nearing the $100 billion mark. Despite the upward trend, warnings about potential risks associated with late buy orders being erased by market makers have been issued. Analysts suggest that this market growth indicates a continued upward trajectory led by Bitcoin. Meanwhile, Steem, a potential alternative cryptocurrency, demonstrated significant potential with a 25% increase, outperforming Bitcoin's 12% rise. Investors are strongly advised to consider investing in Steem. Analyst James Stanley emphasizes the inverse correlation between DXY and BTC, predicting that upcoming Personal Consumption Expenditures (PCE) data on October 26, 2023, could significantly impact BTC prices.
BITSTAMP:BTCUSD
by Gwen_Humuna
#BTC/USD $42k by Dec 2023, Here's Why!! 🚀#Bitcoin Roadmap to $42,000 till December $2023!🚀 Let's consider two potential scenarios for Bitcoin's path until December 2023: 1. Bitcoin might drop to the lower $30ks and then experience a quick recovery to the $37k - FWB:42K range. 2. Alternatively, Bitcoin could surge to $37k and then retrace to the lower $30ks before making another push toward FWB:42K + level. In both cases, it seems that Bitcoin is on track to reach the FWB:42K level. Additionally, based on my Elliott Wave analysis, it appears that we may be approaching the 4th and 5th waves, followed by an ABC correction. These two scenarios could confirm my Elliott Wave analysis. Keep a close watch on the monthly closing prices; I'll provide updates on that. Be sure to bookmark this chart and follow me for future updates. Invalidation: If this entire movement turns out to be a deviation, possibly due to ETF manipulation above the $32,000 level. Remember, $32.3k is a critical level that Bitcoin needs to maintain on daily and weekly for the uptrend to continue. Please note that this is just my interpretation of the chart, and I could be mistaken. Always do your research. This is not financial advice. Do share if you like it. #Crypto
BINANCE:BTCUSD
by Cryptorphic
22
Bitcoin technical analysis _ 2023-10-26 Long position After breaking the resistance at the price of 24851 Entry 35170 The loss limit is 34,200 Risk Free 36145 Saving profit 37110 Profit limit 37645 ----------------------------------------------------- Short position After breaking the upcoming support and breaking the short-term uptrend line and also after breaking the important support at the price of 33645 Entry 33355 The loss limit is 34,200 Risk Free 32512 Profit limit is 31600
by Mohammad_Ak2310
📈Bitcoin weekly prediction, 23K or 30K?📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. If the price of Bitcoin stays above Bollinger midline, Bitcoin can continue the bullish scenario up to the target of $28,000 and then around $30,000. In this week, bitcoin price continues to move in an ascending channel (in yellow). ]f the price breaks the Bollinger midline, there is a possibility that the price will go down to the yellow area. Overall, in my opinion, as long as the price of Bitcoin does not fall below the Bollinger midline, there is a possibility that it will go higher. But if the price loses the yellow zone and the support of $23,000, the level of 22,500 to 21,500 will be a strong support for Bitcoin in the bearish scenario. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
by CrazyS
4
BTC SellGood evening everyone! Don't forget to put your thumbs up and write comment if you like the idea. #BTC = $35 000 The current rally is coming to a close. The formation of a turning formation and the beginning of the markdown of the asset are expected. Future fall goals: 1) $24 800 2) $19 500 3) $15 500 4) $12 500 DISCLAIMER: The opinion of the author may not coincide with yours! Keep this in mind and consider in your trading transactions before making a trading decision.
BITSTAMP:BTCUSDShort
by airstels
1
BTCUSD: Pent-up for years, trillions of dollars of institutionalAccording to a blockchain executive at professional services provider Ernst & Young (EY), Bitcoin is seeing strong demand from institutional investors but is still waiting for Bitcoin spot ETF approval to trigger a buying surge. EY global blockchain leader Paul Brody believes that Bitcoin is seeing a lot of pent-up demand from institutions due to US regulators not approving spot Bitcoin ETFs for years. Brody discussed the outlook for cryptocurrency adoption on CNBC's Crypto Decrypted on October 23, claiming that trillions of dollars of institutional money is waiting to join Bitcoin once the BTC ETF is approved.
BINANCE:BTCUSDShort
by Chart_MasterPro
2
Bitcoin Soars: iShares BTC Trust Listing Sparks RallyBitcoin (BTC) price is surging, gaining momentum after breaking through key weekly resistance. This increase has witnessed the leading cryptocurrency breaching crucial resistance barriers to set its sights on a high price target of $35,000. Bitcoin's price is on the verge of testing the $35,000 mark. BTC recorded a 17% increase in 24 hours, reaching a daily high of $34,741 on October 23rd. This surge was followed by a rapid decrease to the current price of $32,914, with further upward potential indicated as the Relative Strength Index (RSI) continues to show an upward trend. Increasing buying pressure could extend BTC's high momentum, aiming for the psychological level of $35,000.
BITSTAMP:BTCUSD
by Gwen_Humuna
BTC is a good short with all this hypeThere's a lot of hype around the BTC ETF right now, and with hype comes greed, and with greed comes price crashes. Institutional money won't be able to go into BTC until ETFs are approved and functional. We won't see big volume for a little while, so this recent move up is all expectation. We just touched a massive trendline, which goes back to the lows at the beginning of the year. We touched this trendline on March 11, again on June 16, and broke through August 17. (This made a Head and Shoulders pattern....) I've been a bear on Bitcoin because of this, but I expected a retrace to this trendline. If we don't break through (and confirm) above this line, I'm expecting a plunge to $20k. Besides, if you were a massive financial institution who wanted to get into Bitcoin through an ETF, wouldn't you want to depress the price before moving in? I'm expecting a crash before institutional money can move in.
Short
by tokentradertv
1
BTCUSD MID-WEEK ANALYSIS UPDATE 08/10/2023📈 BTC/USD: Short-term Drop with Upside Potential 📉 Recent USD weakness fueled a rise in BTC 🚀. Now, with the Dollar initiating a pullback, I anticipate a short-term drop in BTC/USD. After that, I'm looking for a continuation to target the $31,500 level. Here's what to keep in mind: - USD Influence: Recent Dollar weakness played a role in BTC's ascent 📉. - Short-term Drop: Expect a temporary pullback in BTC as the Dollar regains strength 📉. - Upside Target: The goal is to target $31,500 as the next potential move upward 🚀. - Risk Management: Set clear stop-loss and take-profit levels to protect your capital ⚖️. - Technical Analysis: Use technical indicators, like moving averages or RSI, to time your entry and confirm trends 📊. - Stay Informed: Keep an eye on news and events that could impact both BTC and the USD 🌐. Remember, this analysis is not financial advice, and all trading carries risks 🚨. Make sure to do your own research and tailor your strategy to your risk tolerance. Good luck with your trading journey! 🍀📈💹
COINBASE:BTCUSDShort
by Dion-FX
BTCUSDT, We should be ready for droppingHello guys We're back after 2 years , we are glad to see you again and can talk to each of you Let's go to analysis the situation of Bitcoin at now. According to the chart you can see we are in correction up trend and now we have 2 reason that the price can drop from the red box that we shown on chart : 1.The price is going to pull back to the trendline that was broken and after that it can ready to drop 2.If you look at the uptrend movement you can see we have a pattern that is head & shoulders , the body was made and now after left shoulder and head was made , its turn to complete the right shoulders and after that it can drop from their site. The point that we should attention is, if the price can go up and break the 32K with power and can settle in 32k area we can say this scenario is failed and we should analysis again the price situation. If you have any question just share it with us Good Luck
Short
by Abtin00
2
Bitcoin's Comeback: Catalysts AwaitThe impact of the Federal Reserve's decisions on maintaining or reducing interest rates significantly influences the pricing of Gold and Bitcoin. While low-interest rates are generally favorable for Gold as they reduce the opportunity cost of holding the precious metal, Bitcoin's price reactions depend on various factors. If the Fed's monetary policy responds proactively to economic concerns or recessions, it could drive Bitcoin prices higher. However, there are factors beyond interest rates to consider. A potential rebound is anticipated due to the Bitcoin halving event scheduled for April 2024. Additionally, the approval potential of a Bitcoin ETF just before the SEC's initial deadline on January 10 could act as a catalyst for Bitcoin. Recent reports of approved ETFs quickly boosting BTC by 10% support this notion. This means that if the Fed chooses to maintain high-interest rates, it might exert downward pressure on Gold prices over time. However, Bitcoin could still sustain its upward trajectory based on other catalysts. According to Forbes' report, markets and policymakers anticipate that interest rates may only decrease by late 2024. Geopolitical situations and policies also influence the price fluctuations of both assets, making their relationship increasingly intricate. Nonetheless, based on predictions surrounding the Fed's policy decisions and catalysts like ETF approvals and the potential halving-induced price surge, Bitcoin might gradually begin to outperform Gold in the coming year.
BITSTAMP:BTCUSD
by Gwen_Humuna
1