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100,000$ per coin - BTC heading to 4th HalvingBITSTAMP:BTCUSD BINANCE:BTCUSD CME:BTC1! COINBASE:BTCUSD What’s Bitcoin? Bitcoin is a decentralized digital currency that operates on a network of computers, eliminating the need for intermediaries or central authorities. It was introduced in 2009 by an anonymous individual or group known as Satoshi Nakamoto, who outlined the concept in a white paper describing a peer-to-peer electronic cash system. Since then, Bitcoin has emerged as the leading and most valuable cryptocurrency globally, with a market capitalization exceeding $580 billion as of October 2023. A notable characteristic of Bitcoin is its limited supply of 21 million coins, a threshold estimated to be reached around the year 2140. The creation of new bitcoins is regulated through a process called mining, which involves solving complex mathematical problems using specialized hardware and software. Miners compete to discover valid solutions that meet a specific difficulty level, adjusted approximately every two weeks to maintain an average block time of 10 minutes. The miner who successfully finds a valid solution for each block is rewarded with freshly minted bitcoins and transaction fees. As of October 2023, the Bitcoin network has witnessed the mining of 813,378 blocks, with a current reward of 6.25 bitcoins per block. Key Insights on Bitcoin's Price: Recently, the mining of the 19.5 millionth bitcoin increased the circulating supply to 93% of the total. Additionally, a logarithmic regression analysis known as the rainbow chart illustrates the historical path of Bitcoin's price movement. This cyclic behaviour can be attributed to several factors: Bitcoin tends to exhibit an overall bullish trend due to its limited supply and the halving of coins entering circulation approximately every four years. Historically, the Bitcoin halving has been a significant catalyst for price movements as it influences the supply-demand balance. The halving reduces the rate of new bitcoins being introduced into circulation while demand typically remains steady or grows over time. This creates a supply shock that often drives the price upward, particularly before and after the halving event. Each halving period encompasses the mining of 210,000 blocks and exhibits distinct phases. The bullish phase spans from the first block to the 70,000th block, followed by a bearish phase from the 70,001st block to the 140,000th block, and finally a sideways phase from the 140,001st block to the 210,000th block. As previously mentioned, the halving diminishes the inflation rate of bitcoin and preserves its scarcity. Bitcoin holds great influence over the entire cryptocurrency market due to its dominant market capitalization. This dominance follows a cyclical pattern, with the market share falling below 40% during bearish phases (after mining more than 140,000 blocks) and rising to around 70% during bullish phases. During each era (between two halving periods), Bitcoin experiences an average drawdown of 80%. Current Analysis: We are currently in the third halving era, which commenced on May 11th, 2020, specifically within the equilibrium phase. The intersection of the mining of the 210,000th block and the lows of the logarithmic regression suggests a value of $30,000 USD per bitcoin. The next Bitcoin halving is expected to take place in April 2024, at block number 840,000. This event will reduce the block reward from 6.25 bitcoins to 3.125 bitcoins, consequently lowering the annual inflation rate from approximately 1.8% to 0.9%. As a halving typically ushers in a bullish phase, it is predicted that the price of bitcoin will surpass $100,000.00 during this era. Technical Analysis Using the MVRV Indicator: One of the tools that can help investors and traders assess the value and potential of bitcoin is the MVRV ratio, which stands for market value to realized value. The MVRV ratio compares the current market capitalization of bitcoin (the total value of all coins at their current price) with its realized capitalization (the total value of all coins at their last moved price). The MVRV ratio can indicate whether bitcoin is overvalued or undervalued relative to its historical average cost basis. The MVRV ratio can also be used to identify periods of extreme market sentiment, such as euphoria or panic. When the MVRV ratio is very high (above 4), it means that bitcoin is trading far above its realized value, implying that most holders are sitting on large unrealized profits and may be tempted to sell. This can signal a market top or a bubble territory. When the MVRV ratio is very low (below 1), it means that bitcoin is trading far below its realized value, implying that most holders are sitting on large unrealized losses and may be reluctant to sell. This can signal a market bottom or a buying opportunity. As of October 2023, the MVRV ratio of bitcoin is about 2.110, which is slightly above its long-term average of 2. This suggests that bitcoin is fairly valued and not in a danger zone. The MVRV ratio has been trending up since November 9th 2022, when it reached a low of 0.75, indicating a recovery in the market sentiment and the lowest price of the 3rd Halving era. As we are far from the overbought level of 4, this suggests that there is still room for further growth in the price of bitcoin. (These illustrations are just for educational purposes and are not financial advices). Sources: 1. trustwallet.com 2. ieeexplore.ieee.org 3. nber.org 4. buybitcoinworldwide.com 5. bitinfocharts.com 6. nerdwallet.com 7. investopedia.com 8. buybitcoinworldwide.com 9. kitco.com 10. coinwarz.com 11. datawallet.com 12. blockchain.com 13. lookintobitcoin.com 14. bing.com 15. bitcoinmagazine.com 16. stopsaving.com 17. decentrader.com 18. trustwallet.com 19. bitinfocharts.com 20. nber.org 21. buybitcoinworldwide.com 22. cryptonews.com 23. finbold.com 24. inferse.com 25. buybitcoinworldwide.com 26. blockchain.com
BITSTAMP:BTCUSDLong
by Theperfectionist
3
JASMY/USDT Price Analysis: Potential Cup and Handle BreakoutKey Highlights: Cup and Handle Formation: The pink curve represents the "cup" part of the pattern, showing a rounded bottom structure. This formation is typically considered a strong signal for a continuation of an upward trend. Fibonacci Levels: The red, green, and white horizontal lines represent significant support and resistance levels. These lines resemble Fibonacci retracement levels and indicate where the price might encounter resistance or find support. Flag/Channel Pattern: The blue highlighted narrow channel illustrates a consolidation phase, suggesting preparation for a breakout to the upside. Target Levels: The blue arrow on the chart indicates an expectation for the price to rise to the 0.09026 level first and potentially continue to the 0.36202 level in a strong bullish move. The price is currently trading at 0.05321 and seems to have broken through a previous resistance level. If the price manages to overcome the resistance levels at 0.04258 and 0.09026, this could signal the continuation of the bullish trend. However, if the price loses the support levels at 0.02585 or 0.01726, there is a risk of entering a bearish trend. From a trading strategy perspective, it may be worth considering positions above resistance levels or entries near support levels while managing risk effectively.
Long
by alemicihan
Alikze »» JASMY | Demand at the bottom of the ascending channel🔍 Technical analysis: Demand at the bottom of the ascending channel - In the analysis presented in the previous post , in the daily time frame, after the inability to target the ceiling of the ascending channel, an alternative scenario was realized, which continued until the correction Liquidity Area. - It is currently moving in a long-term ascending channel on the daily time frame. - After meeting with the bottom of the channel and the Liquidity Area, demand has been encountered. - At the moment, it is faced with selling pressure by exiting the triangle density in meeting with the specified resistance. 💎 According to the momentum, this reversal can be a pullback to a broken structure. 💎 Therefore, by maintaining the range of 0.01830, it can continue its growth until the next supply zone after breaking the resistance zone. ⚠️In addition, if it penetrates below the Liquidity Area, the bullish scenario is invalidated and the correction can continue.⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:JASMYUSDT
Long
by alikze
3
LDO SWING LONG IDEA - A Life-changing opportunityNarratives: 1) LDO is the strongest ETH-BETA with a massive $35B TVL. We haven't seen an ETH bull run yet, but when it happens, LDO will likely benefit the most. 2) Market Cap = FDV , meaning all tokens are already in circulation, eliminating future unlock-related sell pressure. 3) Undervalued : LDO boasts $35B TVL and a $1.8B market cap, while AAVE has 20B$ TVL and a $3.5B market cap. 4) SEC Administration Change : The current administration has delayed ETH staking approvals for ETFs. A new SEC administration may greenlight this, channeling billions of ETH ETF funds into LDO, the largest ETH liquid staking protocol. This could bring a significant influx of assets to its chain. Technical Analysis: The price ran the Autumn 2022 EQLs (equal lows)—which I consider "max pain"—but failed to close below, showing resilience. After that, the price reversed upward, breaking the bearish trendline responsible for the bearish trend since January 2024. Following a successful retest of the trendline, we saw strong momentum. I’ll be targeting 2024 Highs at $4 initially, with a long-term view toward ATH at $7.22. Invalidation: This is a 3x leverage swing trade or a spot trade, and I plan to carry it until spring 2025. I’m already in the trade. My invalidation level is a daily close below $0.91. Yes, it’s a wider stop-loss, but as I mentioned, this isn’t just a trade; it’s more of a mid-term investment. I’ll be looking to close the position around May 2025 or earlier if we reach levels close to the previous ATH.
CRYPTO:LDOUSDLong
by UA_CAPITAL
Be Ready For A 20%+ Pullback On BitcoinTraders, With the 100k psychological resistance almost hit today and just above that our 1.618 Fib Retracement from previous high in 2021 to its low during the bear market, I think it is time we consider some pullback from Bitcoin. I sometimes like to take a look a MSTR to see what it's doing as it often drops clues as to what Bitcoin will do next. Today MSTR dropped nearly 22%. That's interesting because the level of pullback that I have been discussing for Bitcoin is to that 76k price level, around 22%. I may actually even pull the trigger and short BTC at 100k and then DCA in another load at 102k but I am not sure we'll even get there before we start to pull back. ✌️ Stew
INDEX:BTCUSDShort
by stewdamus
2
Another amzing signal, captured 7000+ points in totalYesterday was an amazing day and trend captured from the bottom and sentiment remained throughout the night and had amazing and awesome captures of points.. it was either bullish or sidways.. and in chart you can see both.. green was bullish sentiment for buy and no color / charting color was sideways market. till now market is sideways and no signal has been generated so far on 15 min time frame.. this is the real power of my sentiment cycle indicator (PAID)
Long
by TradeTechanalysis
1MBABYDOGE/ USDT : Gearing up for breakout above trendline resis1MBABYDOGE/USDT: Gearing Up for a Breakout Above Trendline Resistance 1MBABYDOGE/USDT is showing signs of a potential explosive move 📈 as it approaches a critical trendline resistance zone 📊. The price has been consolidating in a tight range, setting the stage for a possible breakout 💥. If confirmed, this could lead to a strong bullish trend 🚀. Keep a close watch 👀 on this pair and wait for confirmation before making any moves. Key insights: 1. Trendline resistance: 1MBABYDOGE/USDT is nearing a key trendline that has previously acted as a barrier. Breaking above this level could signal the start of a significant upward rally. 2. Volume surge: Monitor for a substantial increase in trading volume during the breakout to confirm strong buyer momentum 🔥. 3. Bullish indicators: Momentum indicators such as RSI and MACD are currently showing positive signals ⚡, adding strength to the bullish breakout case. Steps to confirm the breakout: Wait for a clear 4H or daily candle closing above the trendline 📍. Look for a noticeable spike in volume during the breakout to confirm buying pressure 📊. A retest of the broken resistance as a new support zone will add further confidence to the move ✅. Be cautious of false breakouts, such as wicks or sharp reversals above the trendline ⚠️. Potential targets (post-breakout): Risk management strategies: Use stop-loss orders to protect your capital 🔒. Ensure your position size aligns with your risk tolerance and overall trading strategy 🎯. This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research (DYOR) 🔍 before making investment decisions. Stay tuned for updates as we monitor this exciting opportunity!
BINANCE:1MBABYDOGEUSDTLong
by Crypto-By-Ghazi
BTC weekly data is shifting. MASSIVE UPSIDE is waiting now! BUY!BTC has corrected healthily to -20% from its peak after reaching its parabolic ATH highs of 73k. Now the mother of all of coins is showing some strength again. Weekly data metrics is shifting now and buyers are back again, positioning aggressively for the next RUN-UP to ATH and beyond. From our weekly chart diagram above, you can observe that the black bear cells has faded and the white dot (longs) has literally escaped the shorts prison cell (black cell). This signal has never missed since the 15k BTC season. The batting average of this one playing out again is very very high. This week is the best time to SEED. Get them all planted now. BTC is already up by 10% after that quick bounce from the strong major order support at 57k area. Signs of what's coming next after this week. Spotted at 60k area. TAYOR.
Long
by JSAL
10
BITCOIN TO 14K?!!!!!!I am anticipating Bitcoin to rise to an ATH of $144,500 following a major breakout from the recent consolidation within a bullish pennant pattern. On several occasions, it has attempted to reach $100,000 but remained constrained within the pennant boundaries. However, with a clear breakout now evident, I expect a lengthy move to $144,500, corresponding to a 61.8% Fibonacci extension of the November 4 ($66,700) to November 22 ($99,500) impulse. In the chart, you can see a clear breakout, and I anticipate a fast rally once the $100,000 level is breached, followed by a potential retest before continuing higher.
CAPITALCOM:BTCUSDLong
by TimakaFx