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Bitcoin: Is the Psychological Barrier of $100,000 Within Reach?Bitcoin: Is the Psychological Barrier of $100,000 Within Reach? Bitcoin continues its impressive rally toward the psychological barrier of $100,000, driven by both fundamental and psychological factors. The rise in its value is supported by growing adoption, institutional investments, positive market sentiment, and key developments within the cryptocurrency ecosystem. Adoption and Acceptance Bitcoin’s growing acceptance by businesses, financial institutions, and individual users is increasing its utility and value. As more entities begin to accept bitcoin as a form of payment, demand naturally rises, solidifying its position as a viable medium of exchange. Institutional Investments One of the primary drivers of bitcoin’s growth is the involvement of large institutional investors such as hedge funds, investment firms, and corporations. Their entry into the market significantly boosts liquidity and builds confidence in the cryptocurrency, attracting smaller retail investors in the process. Planned Regulatory Changes and Strategic Reserves Future President Donald Trump’s proposals to establish strategic reserves in bitcoin and introduce cryptocurrency-friendly regulations could be game-changing for the market. Such measures are likely to attract new market participants, driving demand and increasing bitcoin’s value. Media and Market Sentiment Positive media coverage, endorsements from influential figures, and expert analyses play a crucial role in shaping market sentiment. Media narratives have a substantial impact on perception and can amplify investor interest, fueling price increases. Technological Improvements Advancements in blockchain technology and updates to the bitcoin network are improving its efficiency, security, and scalability. These innovations make bitcoin more appealing as an investment asset, contributing to its rising value. Macroeconomic Factors Global economic uncertainty, inflation, and the weakening of traditional fiat currencies are pushing investors toward alternative assets. Often referred to as “digital gold,” bitcoin is increasingly viewed as a hedge against currency devaluation and a reliable store of value. The 2024 Halving This year, bitcoin underwent another halving – the process that reduces the reward for mining new blocks by half. This reduction in new supply, coupled with sustained or growing demand, has historically led to price increases, and the current cycle appears to be following a similar trajectory. Infrastructure Growth and ETFs The cryptocurrency market’s infrastructure is rapidly evolving, making bitcoin more accessible than ever. The growth of exchanges, cryptocurrency wallets, and inflows into bitcoin-based ETFs are driving demand and strengthening the market. Seasonality and an Unstoppable Trend Seasonality is also working in bitcoin’s favor. Historically, the final months of the year often see strong performance in the cryptocurrency market. The current upward trend seems difficult to halt, and breaking through the $100,000 level appears to be only a matter of time. Conclusion Bitcoin remains one of the most dynamic assets on the market, drawing interest from institutional and retail investors alike. The combination of fundamental, technological, and macroeconomic factors suggests that the rally toward $100,000 could not only materialize but also set the stage for further gains. Will bitcoin surpass this symbolic threshold, or are there still hurdles ahead? Share your thoughts in the comments.
Long
by InvestMate
1
FVG Rejection: Bitcoin Sell Opportunity at 96,500!📍 FVG Resistance: 96,500 Price has reached the Fair Value Gap (FVG) at 96,500, which could act as a resistance level. 📉 Reversal Patterns: If patterns like Double Top or Bearish Engulfing form at this level, the sell signal is confirmed. 🎯 Sell Targets: First target: 90,000 Second target: 87,000 🔴 Stop Loss: Above 99,800 ✅ Conclusion: If price rejects at 96,500 and reversal patterns form, enter the sell trade.
Short
by arzdigitalistha
3
BTC still in downtrend We are seeing a bit of a Wycoff "Spring" but we are still in the downtrend. Here on the 1 hour chart, my previous prediciton is playing out (thought I was second guessing it six days ago) BTC Should fall to the 90K demand soon in the coming 2 or 3 days. Probably some stupid press release from the US Gov, will trigger it. If you liked this post, please hit the rocket button and follow me. Happy Thanksgiving... and don't forget to renew your Tradeview subscription during their Blackfriday sale... they only do it once a year for just a few days!
Short
by TheCoinCowboy
Is ~Bitcoin about to repeat the 2021 Double Top pattern ?If you have been following my posts, you will know that I am a firm believer that we are following the 2013 - 2017 ATH Fractal. Only problem is, The 2017 Top was NOT a Double Top. But if we look at the fractal closely, we can see how this could happen and I will do this in another post shortly. For now, there are other pointers to suggest we maybe about to repeat that sequence from 2021. Lets start with this chart I am using the 2nd ATH in 2021 as THE ATH for a number of reasons, as explained in other posts, But also because it simply WAS the highest ATH that year and was approx the same number of days between ATH as the 2013 - 2017 cycle. That same day count takes us to September 2025, a projected ATH date range from a number of alternative charts. If we assume we see a March 2025 High, the same number of days between the 2021 ATH's, applied to March 2025, also takes us to September 2025. Some are saying we will see an ATH in December 2024 and that day count puts us in Mid summer and, to be honest, I do not see this now, given how overheated PA is. But anything can happen in Bitcoin. This date range on the rising Trend line off ATH's, also takes us to the Expected price range of 100K - 130K ----for now........ ** Note - Assumptions in trading are NOT recommended but we are just projecting here..NOT applying trades to that assumption. Next we have the NUPL ( Net unrealised Profit Loss ) The Vertical dashed lines are the ATH dates. And while the 2021 March ATH shows us a higher NUPL, this is where most profit taking was, as most assumed ( see above ) The real ATH was later and as most has already taken profit, people were trapped by Nov, but this is a different story.. What I want you to see is that we have not reached the upper line of Euphoria, that we are now in. There could be more to come... The TOP seems to be Signalled when PA Preaches this upper line, even if a ATH can be reached after, as in late 2021 Next, we have SOPR - (Spent Output Profit Ratio) Simply put, when people SELL and take profit Again, vertical dashed lines are previsou ATH in 2017 and 2021 First thing to notice here is how Profit taking happens BEFORE the ATH usually. See how the graph Drops to the ATH line. Also not the Red Diamonds above..they are Warning of Bearish intent. While we have seen a spike in selling recently, we are reciveing BULLISH intent warnings ( green diamond bottom of chart ). This appeared After that Red diamond above and so is a more recent signal. The spike in selling in early 2023 was people taking quick profit after 2 years oif Bearish moves. BUT it must be noted that the way this profit taking has constantly changed makes it VERY hard to read accurtaly as a method of judgement. There is no real pattern Which brings us to the final indicator. The ADX and DI - The Trend Strength and Price direction I find this fascinating. VERY IMPORTANT to remember that ADX ( Yellow ) does NOT show Trend Direction It only shows trend Strength and you can see that we have just begun turning around from a Drop in trend Strength. This Drop began in early 2024, around March, when we began months of ranging. The recent push higher seems to be reflected in ADX rising also, showing an increasing Trend strength. BUT will it last ? You can see from the chart, we are on a line of resistance now...We need to break through that. The Orange line is the DI + and the Red is DI - and not surprisingly show Price direction. This, combined with the ADX gives us ideas of true trend strength and ability. For now. DI+ has turned to Drop and reflects the action recently But the DI - has yet to turn higher to meet it, indicating a possibility that Real Negative orice action may not occur just yet. But we need to watch this closely. So, in summery, for me, We are Still getting ready to move higher, we may well range for a while before hand and a December ATH, while possible, is not the best thing to hope for. The final ATH of the cycle could be in September or around there, after an early Sopring push to a new high And it is important to understand, things can change very quickly in Bitcoin and we need to be ready ALWAYS so I am offering ideas only.. Stay safe and may your God, Gods, Godess or Godesses forever Keep your socks Dry
INDEX:BTCUSD
by Orriginal
Bitcoin $100K on November 24th 2024?Welcome back folks, I hope you enjoyed the crypto and stocks winter and bagged up on those beautiful opportunities I gave end of 2022. What way we've come from since that, sitting here with Bitcoin at almost $100K! Just because it's a historic moment, I wanted to share this scenario for $100K in November - but only if Bitcoin stay above the GETTEX:89K low! Where we see a sideways weekend, trapping traders in the range, break it to the downside and smash it to the upside midweek. Would be a classis Wednesday press release during the US session to advertise 1 BTC = 100K. If not, then we're looking at this for december but wil get a bit more correction / chop first. Anyways, we made from down at $16K here and we can be happy nevertheless :) Enjoy your weekend.
COINBASE:BTCUSD
by cryptobullethbtcxlm
115 000 BTCUSD End of Year 2024 Price Target🔸All previous setups made money, feel free to recap below via links. All target already acquired as well. 🔸Currently minor pullback in progress, however BTC bulls are not done yet and end of year price target is 115 000 usd on the possible tech overshoot once we clear resistance at 100 000 usd. 🔸key s/r zones: 87/89 000 usd, 81/83 000 usd, 83/85 000 usd is the best zone for the bulls to reload for a ride to 115 000 usd in December. 🔸Recommended strategy bulls: wait for the pullback to complete in the recommended zone. BUY/HOLD. TP 115 000 USD in December. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BITSTAMP:BTCUSDLong
by ProjectSyndicate
10
Need to check support near 92600.19 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) Since the next volatility period is around December 3, the point to watch is whether the price can be maintained near the box range of the HA-High indicator (92600.19-98871.80) until then. - The HA-High indicator was created at the 96372.40 point, forming a box range (92600.19-98871.80). This box section is not currently formed by a wave but by a single candle, so there is a possibility that it will expand the box section while moving sideways around this section. Therefore, we need to check whether there is support near the bottom of the box, 92600.19. If we see resistance, the key is whether we can touch the MS-Signal (M-Signal on the 1D chart) indicator and rise. If not, and it falls below the MS-Signal indicator, that is, if it falls below 87.8K, there is a possibility that it will fall to around 79.9K-80.9K, so we need to think about a response plan for this. - Since the StochRSI indicator is showing signs of entering the oversold section, we need to check the position when it rises in the oversold section and switches to a state where StochRSI > StochRSI EMA. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, I expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
CRV/usdt buying idea hi everyone im msnp ok today we have CRV i think he has good potential for mid term like 6 month to get above 1$ we hit ATL and bonus up and before any major pullback we saw 0.36 now we are in a correction but when bull trend start? i think we have to test 50% of W pivot ( 0.27 -0.26 ) and we have a expending triangle but the important thing is BTC how he is acting in this period of time i think we are in a good phase TARGET 1 : 0.50 % target 2 : 0.85% target 3 : 1.5 %
Long
by imMsnP
7
BTCUSD is heading to Critical OB at 87,800$MMSM identified and we're almost certain BTCUSD [ BITSTAMP:BTCUSD ] will hit 87,800$ this week. If we respect the first OB we should pass 100K. If we fail to displace (fast move) after reaching the OB, we could see it go lower to the next OB. Respecting the OB: Means we displace after reaching the OB. If we are bullish We don't want, No Chart Timeframe (in this case 90m) candles closing below the OB's lower level (yellow thin line). If we are bearish We don't want, No Chart Timeframe (in this case 90m) candles closing above the swing high that formed after reaching the OB. Here is more info about CISD: When an order block is invalidated, it signals a Change in the State of Delivery. For example: -In an uptrend, a bullish order block acts as support. If price breaks below it, the uptrend may be over, signaling a potential downtrend. -In a downtrend, a bearish order block acts as resistance. If price breaks above it, the downtrend may be ending, signaling a potential uptrend. Smart money tip: Liquidity Hunt, CISD often occur after liquidity sweeps . Watch for stop hunts (price wicks above/below recent highs or lows) before the shift. _____ tags: COINBASE:BTCUSD INDEX:BTCUSD CRYPTO:BTCUSD CME:BTC1!
BITSTAMP:BTCUSDShort
by TradeConfirmed
1
BTC did not break the $100,000 barrier!Hello everyone, I invite you to review the chart of BTC in pair to USDT taking into account the terval of one day. As we can see, the price was moving in the downward trend channel marked in blue, from which we got a dynamic upward exit, and the increase itself was similar to the height of the channel from which it emerged. However, here we can see that the historical moment of breaking through $100,000 turned out to be too great a psychological barrier at which we could observe the beginning of the recovery movement. using the Fin Retracement tool, we can determine the levels to which the price can probably return and here, first of all, the support level at the price of $89,500 is visible, then the level of $83,800 is visible, but if the price goes lower, we can see a drop to a strong support zone from the level $74,400 to $68,000, which would result in a decline of approximately 27%. It is worth emphasizing that such corrections of 20-30% happen during a bull market.
by cryptodailyuk
BTC did not break the $100,000 barrier!Hello everyone, I invite you to review the chart of BTC in pair to USDT taking into account the terval of one day. As we can see, the price was moving in the downward trend channel marked in blue, from which we got a dynamic upward exit, and the increase itself was similar to the height of the channel from which it emerged. However, here we can see that the historical moment of breaking through $100,000 turned out to be too great a psychological barrier at which we could observe the beginning of the recovery movement. using the Fin Retracement tool, we can determine the levels to which the price can probably return and here, first of all, the support level at the price of $89,500 is visible, then the level of $83,800 is visible, but if the price goes lower, we can see a drop to a strong support zone from the level $74,400 to $68,000, which would result in a decline of approximately 27%. It is worth emphasizing that such corrections of 20-30% happen during a bull market.
by cryptodailyuk
Bitcoin and historical peaksAfter reaching the first target and correctly breaking this range, after correcting the time and price to the specified range, and from the beginning of the new year, the new movement of Bitcoin will start and will have a target of 150 thousand dollars. Reaching this number is subject to a strong failure of the $100,000 range, which was tested once but did not reach it. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you?
by Hamiratrading