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Bitcoin's Cycle Shift: From Bearish to BullishSince November 2021, Bitcoin has undergone a transformative cycle shift, transitioning from a bearish to a bullish trajectory. After over two years of descent and trading within a persistent downtrend, Bitcoin now finds itself navigating a distinctly bullish channel. The current analysis suggests an upcoming retest of the upward trendline, followed by a potential ascent towards the $60,000 mark. The Cycle Transition: Bear to Bull Shift: Bitcoin's historical downtrend, prevalent since November 2021, has given way to a bullish cycle. This shift marks a pivotal moment, signaling a change in market sentiment and the emergence of a more favorable trading environment. Navigating the Ascending Channel: Bitcoin is currently trading within a well-defined ascending channel, setting the stage for optimistic price action. The boundaries of this channel provide a framework for interpreting market dynamics and forecasting potential movements. Anticipating a Retest and Rally: Upcoming Retest: As part of the bullish cycle, a retest of the upward trendline is on the horizon. This retracement is a common occurrence in upward-trending markets, serving as a confirmation and validation of the newfound bullish sentiment. Targeting $60,000: Following the anticipated retest, the trajectory points towards a substantial rally, with a target set at $60,000. This level holds significance as both a psychological barrier and a potential pivot point for further market developments. Technical Analysis Insights: Confirmation Indicators: Technical indicators such as moving averages, relative strength index (RSI), and volume analysis can serve as confirmation tools for the bullish momentum. A convergence of positive signals from these indicators enhances the reliability of the forecast. Market Sentiment: Monitoring market sentiment through social media, forums, and news can provide additional insights into the broader perception of Bitcoin's price trajectory. A positive sentiment backdrop can act as a reinforcing factor for the anticipated rally. Conclusion: $60,000 in Sight Bitcoin's journey from a prolonged bearish cycle to a robust bullish trend is a compelling narrative for crypto enthusiasts. As the market prepares for an imminent retest of the upward trendline, the $60,000 target stands as a beacon of optimism. Stay tuned for the exciting developments as Bitcoin charts its course in the evolving crypto landscape. 📉 Bear to Bull Transition | 📈 Ascending Channel Dynamics | 🎯 Target: $60,000 💬 Share your insights on Bitcoin's current cycle shift and your predictions for its journey to $60,000! 🚀🌐
Long
by Yaroslav_Krasko
15
Bitcoin's next cycle top REVEALEDAs you can see from the chart, if you measure how many days before a halving, did the cycle low occur. For ex, in November 2012's halving, ~373 days before btc found a cycle low, projected into the future, ~373 days after the halving, a cycle top is in. Same thing with 2016's halving. Cycle low ~540 days before the halving, projected into the future ~540 days after the halving, we have a cycle top ($20k). Yet again, with 2020's halving, btc found a low around 513 days before the halving, projected into the future, it took 513 days for a cycle top to be in. Now in 2024's halving. Btc found a cycle low ~525 days before the 2024 halving ($15k)..Projected into the future ~525 days after the halving we should get a cycle top in Sept 2025. Will history repeat itself yet again?Check back with this chart in 2025 :) Good luck
BNC:BLXLong
by innerstanding
BTC in 2024 and 2025. New ATHLet's play to see the future. It's just a game, but it rhymes with previous #BTC cycles. From the beginning of 2024 until the moment of the halving, as in previous cycles, I think we could suffer a #BTC correction of between 20% and 30% at most. Then a not very aggressive journey will begin where we will move away from the average of 200 weekly periods until we surpass the new ATH of #BTC. At that moment, #BTC may lateralize for a few days or even make a correction of 15% or 20% and head quickly to a new ATH and maximum of this cycle. I think the new ATH could leave it around $150,000.
BITSTAMP:BTCUSDLong
by Markitos32
What’s ahead for the dollar?As the year draws to a close, it's an opportune time to evaluate the potential trajectory of the dollar going forward. From a broader perspective, we anticipate a regime shift for the dollar in 2024, potentially marking significant turning points for the major dollar pairs. Notably, since the 1990s, each instance when real rates crossed the 1% threshold, the dollar experienced an average sustained fall of approximately 18% over around 340 days. The combination of aggressive hikes and lower inflation has now pushed real rates clearly above the 1% mark, but the dollar’s reaction thus far has been rather muted when considering the past 3 reactions. This observation aligns with our cyclical analysis of the dollar. Historically, the dollar index has demonstrated a recurring cycle of approximately 3.5 years, often bottoming out at the end of most cycles. Furthermore, the dollar index has recently dipped below the crucial 103 resistance level, a significant benchmark since the 1990s. In light of a potential weaker dollar in 2024, we're exploring various strategic positions. At present, the NZDUSD pair, in particular, stands out due to its compelling technical setup and policy divergence. Currently both the AUDUSD and NZDUSD are testing their 3-year resistance levels. Given the current inflation and interest rate scenarios, we find the NZDUSD pair more appealing. New Zealand's inflation rate remains relatively high compared to the US, while their policy rates are almost identical. Moreover, the Reserve Bank of New Zealand (RBNZ) maintained its hawkish stance in the last Monetary Policy Committee meeting, whereas the Federal Reserve has begun hinting at possible rate cuts in 2024. Such divergence in policy should favor the NZDUSD pair as rate differentials shift towards the NZD. Hence, considering the weaker outlook for the Dollar in 2024, combined with the technical setup in the NZDUSD's price action and the emerging policy divergence, we lean bullish on the NZDUSD. To express this view, we can go long the CME New Zealand Dollar Futures at the current price level of 0.6247, take profit at 0.6800 and stop at 0.6050. Each 0.00005-point move is 5 USD. With that, we wrap up our last piece for 2023. We wish everyone a Merry Christmas and a Happy New Year! The charts above were generated using CME’s Real-Time data available on TradingView. Inspirante Trading Solutions is subscribed to both TradingView Premium and CME Real-time Market Data which allows us to identify trading set-ups in real-time and express our market opinions. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description. Reference: www.cmegroup.com
CME:6N1!Long
by inspirante
Bitcoin New Bullish Cycle IncomingHey, its Dalin. When we look at stocks during the internet bubble crash of 2003 they appear to make the same structure as many cryptos today. Bitcoin is just one example of this. We see the same pattern with Uniswap and many others. We can utilize this cycle and position ourselves properly for the next wave. A new cycle could send it to un-imaginable prices. Lets make sure we take advantage of this opportunity! - Dalin Anderson
BINANCE:BTCUSDLong
by High_Altitude_Investing
1
BTC 2.0 PREDECTION From $0,10 TO NEW ATH $1.59 - 2023Thank you for taking the time to review our update. It's essential to emphasize that the following information is not intended as trading advice, The max supply same as BTC 21M and the TA trends will make this coin able to break . BTC 2.0 demonstrating significant changes in trading volume, representing a new cryptocurrency with inherent high-risk However, if BTC 2.0 manages to sustain a value of $0.08 or higher, there is the potential for upward momentum and a potential break on low time frame. We expect that BTC 2.0 is able to gain from the target $0,10 to $1.59 in 2023 Our low time frame with the first TARGET $0,20 and main update. #Nottradingadvice #For day traders take always profits when market increase
Long
by SatochiTrader
1
BTC - Comparing Previous Cycles ♠️Hello TradingView Family / Fellow Traders, 📊 Monthly Chart: If history repeats itself, as seen in previous cycles, BTC is currently breaking out of the correction phase, and the impulse phase has already begun. 📊 Weekly Chart: Consistent with past cycles, it is evident that BTC tends to retest the red zone before preparing for a parabolic upward movement. Therefore, be prepared for a potential bearish correction before the bulls regain control in the medium term. This bullish scenario remains valid as long as the red zone (30,000) holds, signifying no weekly candle close below this zone. What are your thoughts? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
45