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Btcusdshort

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
BTCUSDHey Folks I used two best methods for Bitcoins Prediction Method 1 I used harmonic pattern on Bitcoin Which have two situations it could be Simple Shark 🦈 which is end at 0.886 fib ratio or it could be ALT Shark 🦈 which ends at 1.13 Second Method is I used Wyckoff method and I tried my best for it because it's a bit difficult pattern to analyze but anyway I have done it pretty well which also have two condition's which is Distribution schematic #1 and #2 Just wait and see where phase ( C ) gonna end.
BINANCE:BTCUSDShort
by MemoCrypto
Bitcoin Trade Set up for Me! {07/08/2023}Educational Analysis says BTCUSD may move in this range for some time according to my technical. Broker - Bitstamp This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because BTC fair value gaps are unfilled in a 4-hour time frame. Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high. The Rectangle box is an Order block for trading. The blue line is high and low of the current price. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
BITSTAMP:BTCUSD
by VishalBudhrani
Bitcoin/Gold Ratio Drops by Over Half from 2021 to 2023"The Bitcoin/Gold ratio continues to decline. This ratio, indicating how much gold is needed to buy one Bitcoin, has experienced a significant drop over the past two years. In November 2021, the ratio stood at 35, but by 2023, it had decreased to 15. According to Longtermtrends' calculations, in January 2022, this ratio narrowed from 24 to 9 by the end of the year during the cryptocurrency market downturn. In 2023, the ratio fluctuated between 10 and 15, showing that fewer ounces of gold are now required to purchase Bitcoin, indicating gold's superior performance compared to Bitcoin. Bitcoin awaits a resurgence driven by external catalysts. The impact of the Federal Reserve's decision to maintain or reduce interest rates will affect the pricing of both Gold and Bitcoin. While low-interest rates are often seen as positive for Gold, as they reduce the opportunity cost of holding the yellow metal, Bitcoin's price reaction depends on multiple factors. If the Fed's monetary policy reflects pre-emptive responses to economic concerns or economic downturns, it could push Bitcoin prices higher. However, there are factors beyond interest rates to consider. A potential recovery is looming with the Bitcoin halving event scheduled for April 2024. Additionally, the approval possibility of a Bitcoin ETF just before the SEC's first deadline on January 10 could serve as a catalyst for Bitcoin. This was hinted at by recent reports of ETF approvals that swiftly propelled BTC up by 10%. This means that if the Fed decides to maintain high-interest rates, it may exert downward pressure on Gold prices over time, but Bitcoin could still maintain its upward momentum based on other catalysts. Based on Forbes' report, markets and policymakers expect interest rates to only decrease by late 2024. Geopolitics and policies also influence the price movements of both assets, making the relationship more complex. However, based on predictions surrounding the Fed's policy decisions and catalysts such as ETF approvals and the potential halving-induced price surge, Bitcoin might gradually start to outperform Gold in the coming year.
BITSTAMP:BTCUSD
by Gwen_Humuna
1
"Bitcoin Seeks SEC Decision Support"Bitcoin, trading at $28,538 at the time of writing, grabbed headlines on Monday due to a spike caused by fake reports. The cryptocurrency surged over 10% before dropping to $28,500, triggering a $86 million short-selling liquidation. Despite the truth emerging, the ETF saga continues. The Securities and Exchange Commission (SEC) is set to announce its decision regarding Fidelity, VanEck, and WisdomTree's spot ETF registrations on October 17 (today). According to Bloomberg ETF analyst Eric Balchunas, approval might be delayed until January 2024. Even in correction, Bitcoin may dip to $27,418, maintaining its leading position in the uptrend. However, losing this support, along with the 50, 100, and 200-day Exponential Moving Averages (EMAs), could invalidate the bullish case, pushing the cryptocurrency below $27,000 and towards $26,483. Stay tuned for updates on Bitcoin's evolving situation.
BITSTAMP:BTCUSD
by Gwen_Humuna
1
Bitcoin's Wild Ride Amid ETF RumorsBitcoin's price surged by 10% in the early hours of New York trading after news broke that the U.S. SEC had approved the iShares Spot BTC ETF. However, this uptick was short-lived due to the confirmation that the news was false. Long-time traders who had opened short positions faced significant losses, with nearly $80 million in short positions liquidated, alongside about $18 million in long positions. This reaction could signal a potential market crash if the U.S. SEC indeed approves the immediate BTC ETF, an outcome it's currently considering. The false rumors pushed Bitcoin's price down to the $28,000 range, with the Relative Strength Index (RSI) holding above 50. The unusually long daily candlestick resulting from these mistaken speculations resembles a true 'exhaustion candle' and might indicate an upcoming reversal in the short-term uptrend, hinting at vulnerabilities ahead. Bitcoin's price could lose its entire foundation by October 16, potentially dropping below the psychological support level at $26,000. Breaking below this trendline would confirm even deeper losses. Only a daily candle closing above the resistance level at $29,747 could confirm the uptrend, paving the way for an extension towards the psychological level of $30,000. In a strong bullish scenario, Bitcoin might surpass July's peak, reaching the upper range of $31,804. Such a move would represent a 15% increase from the current level. Stay tuned for more updates as Bitcoin navigates these volatile market conditions.
BITSTAMP:BTCUSD
by Gwen_Humuna
⚠️Bitcoin will Go Down Again⏰(1-Hour)⏰⚠️👋Hi everyone, I hope that you have a great weekend.🥳 🌊It seems that the corrective structure of Bitcoin continues so that the Wave A had an Expanding Leading Diagonal structure, and in general, it seems that the corrective structure will be a Zigzag type(ABC/5-3-5) . 📚It is better to know that generally, on Saturdays and Sundays , Volume Trading is low , so there is a high probability that Bitcoin will move in the form of Range in the next two days and will make its main move at the beginning of next week. 💡Also, we can see Regular Divergence(RD-) between two consecutive peaks. 🔔I expect Bitcoin to eventually break back below the 🟢 Support zone($27,920-$27,800) 🟢 and once again attack the 🟢 Heavy Support zone($27,600-$27,300) 🟢 and the lower line of the Ascending Channel . ❗️ Note ❗️: If BTC can break the 🔴 Heavy Resistance zone($28,440-$28,060) 🔴, the scenario will change. -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: Spot Bitcoin ETFs Could Send BTC Skyrocketing by Over 3,200%, Says InvestAnswers Host. Bitcoin miners Marathon, Riot, CleanSpark increase BTC output in September. Hong Kong crypto VC opens $100M fund for Asian blockchain startups. Robert F. Kennedy Jr. Pledges to Protect Bitcoin When President. 🌐➖ Negative News ➖🌐: JPEX converts user stablecoins to native token without notice: Report. Ledger lays off 12% of staff, citing ‘macroeconomic headwinds’. Binance Losing Market Dominance at Rapid Pace. Dark Side Of Crypto: $7 Billion Laundered Across Chains, According To Elliptic. -------------------------------------------------------------------------------- Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
79
Bitcoin could dive soonAfter the reversal from 25k and the reach of my target at 28.500, Bitcoin started to consolidate. Friday we had a new attempt to reconquer resistance and bulls failed again and BtcUsd started to fall again. At the time of writing the price sits on confluence support, but the structure is not bullish at all and we could witness a break down In such an instance, the first target for bears is 25k horizontal support, but, in the longer-term 21k is not out of the question. I'm bearish on BTC as long as the price is under 28.500
BITSTAMP:BTCUSDShort
by Mihai_Iacob
9