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BTC - Will this retest hold ? BINANCE:BTCUSDT (4H CHART) Technical Analysis Update BTC is currently trading at $63394 and price has retested after breaking out from the channel. If this retest holds then we can expect the price to continue in bullish direction. We are confident the price will hold and bounce back successfully after the retest and this gives us a good opportunity for a long trade. Entry level: $ 62600-66400 Stop Loss Level: $ 60900 TakeProfit 1: $ 65500 TakeProfit 2: $67700 TakeProfit 3: $69700 TakeProfit 4: $72800 Max Leverage: 5x Position Size: 1% of capital Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
1
Happy Halving Onwards to 10 Trillion Market Cap - 731 Cycle 3.125 from 6.25. We did not get the anticipated pre run I thought we would get. Although the start of the bull market from 20k - 64k has been good enough to accept. We are now entering the final stages of the 731 cycle that can push Bitcoin to a price of 500k-2M USD The halving drops at the perfect time where we have little days left to complete the 731 Cycle. Bitcoin has now at todays date 223.77b Cumulative Spot Bitcoin ETF Volume Spot ETF Total AUM $54.24B / Raw value of Bitcoins 847,500 From January 12, 2024, to April 20, 2024, an average of approximately 8,561 bitcoins were bought per day over the span of 99 days. Before today the normal was 900 issued Bitcoin per day, after the next weeks this is now 450 Bitcoin per day. Bitcoin: Balance on Exchanges (Total) - All Exchanges 2,322,533 Minus Spot ETF and funds 1,272,533 Bitcoin left (not including how many aren't for sale we can't calculate this" If the spot ETF continues buying Bitcoin at the current rate of 450 bitcoins per day, it would take approximately 2,828 days for most of the 1,272,533 bitcoins currently left on exchanges to be bought up. At this rate if you do the math if the AUM starts to accelerate past 100B in the next months the Bitcoin price has to be over $100,000 to support this demand. So what AUM level does $1,000,000 become reality? 2.07 Trillion. Possibly before as again I'm counting all of the supply on exchanges that "could be sold" lets say half of this is HODL and never to be sold? well you half the amount. 1.035 Trillion. As of 2023 US has 21 Trillion USD in M2, Eurozone 16 Trillion USD, China 35 Trillion USD combined today this is over 100 Trillion when you consider the base money. The Global bond market (not calculated) in the M2? USD 150 trillion FACE value as of 2022. Derivatives on top of Bitcoin? forget it too much to compute. Right in the cycle where people are calling for "a near term top" "the steam has left the engine" "the ETF's have slowed down". Full steam ahead and shatter realities.
INDEX:BTCUSDLong
by FederalXBT
5
BTC - A look at 12H chart - Possible bounce back#BTC/USDT #Analysis Description --------------------------------------------------------------- + BTC is presently retracing from the resistance line and moving towards the next support level around 66-67K. + It's reasonable to anticipate a price rebound once it reaches the support level. Such a rebound could provide substantial momentum for breaking out from the resistance line. + We'll consider initiating a long trade once the resistance breakout is confirmed. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 73000 Stop Loss: 64000 ------------------------------ Target 1: 77000 Target 2: 79000 Target 3: 82000 Target 4: 86000 ------------------------------ Timeframe: 12H Capital Risk: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
Will BTC Support hold ? 50K or 80k #BTC/USDT #Analysis Description --------------------------------------------------------------- + BTC has experienced a significant correction from the 70k range. + Currently, the price is within its well-tested support range around 60K-63K. This support range has been tested three times, with each instance resulting in a successful rebound to its local high. + I anticipate a similar scenario unfolding this time. We can expect the price to consolidate within the current support range for a few days before potentially returning to the 70K range. This movement might coincide with the upcoming halving. + Overall, my outlook on the crypto market is bullish, and I expect BTC's price to rebound following the halving. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
Bitcoin Power Law (Completely Wrong) Start of the bull cycle a new model comes out from "experts" who haven't been here for long. Power Law Model promoting a top of $230,000 is exactly at the point where my research shows retail will capitulate / sell trying to find a top that fuels a rebuy mania. There is no "Power Law" in Bitcoin, the slowed "diminishing returns" is due to the fact BTC has had cycles not plugged into the entire economy. Only retail could enter the markets previously with venture capital at the most (this is barely any capital). An asset that has most likely 10,000,000 coins lost a 21,000,000 cap, a realised market cap of under 300B *when you adjust the lost / HODL amount*. Now a 50+ trillion bond market leaking due to inflation + a 70+ trillion US equity market. The Spot ETF inflows are mainly from smaller funds and light retail, larger institutions balances are being approved to allocate as I post this. Power Law? you don't start it when the history of Bitcoin is based on a P2P market, you start the Law when its now plugged into the global economy since 2024. Where you "start" the power law matters
BITFINEX:BTCUSD
by FederalXBT
1
Bitcoin | BTC - Short Trade#BTC/USDT #Analysis Description --------------------------------------------------------------- + BTC is about to breakout from it's support zone, this breakout will push the price of the bitcoin further down. + This will be a good opportunity for us to enter a short trade and make some profits. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price:66857 Stop Loss: 68812 ------------------------------ Target 1: 65650 Target 2: 64839 Target 3: 63505 ------------------------------ Timeframe: 4H Capital Risk: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Short
by VectorAlgo
Bitcoin - Pending BreakoutBitcoin is presently trading around its previous resistance level and has already surpassed its previous all-time high. This consolidation around the resistance zone is crucial for Bitcoin to gather enough energy to break out from the resistance. Once the price breaks out, I expect it to easily reach $75,000, then retrace back to support (the previous resistance of $70,000), and then bounce back again. Overall, Bitcoin is appearing bullish. While there is a chance of Bitcoin being rejected from the resistance, the likelihood of that happening is very slim. Stay tuned for more updates. Best Regards, VectorAlgo
Long
by VectorAlgo
3
Can Btc reach the full target of this simple bullflag?Amazing price action lately for bitcoin as it is now breaking up from a bullflag with a full measured move target from the flag of $64808. We can also see that if the current candle closes similar to the shape its in now that we would have a 3 green soldier candlestick pattern on our hands which most often s signals a bullish continuation. Of course there can always be exceptions to the bullish continuation but those are always a low probability. Let’s see if we can reach this full breakout target of this recent bull flag before any significant pullback takes hold. If we do we may just surpass the first top of the last bull run and be very close to nearing the current all time high *not financial advice*
BITMEX:XBT
by DrDovetail
#BTC/USDT 3D (Binance Futures) Ascending channel on resistanceBitcoin is facing historical supply zone and RSI about to enter overbought territory. Local top seems near and price may retrace down to 50MA, mid-term. ⚡️⚡️ #BTC/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Short) Leverage: Isolated (5.0X) Amount: 5.5% Current Price: 51926.9 Entry Targets: 1) 52197.8 Take-Profit Targets: 1) 40814.3 Stop Targets: 1) 57903.8 Published By: @Zblaba CRYPTOCAP:BTC BINANCE:BTCUSDT.P #Bitcoin #PoW #P2P bitcoin.org Risk/Reward= 1:2.0 Expected Profit= +109.0% Possible Loss= -54.7% Estimated Gaintime= 2-4 months
Short
by TradingOn
$140,000 Halvening Avg Price The Trend Line Has Been Held. In the previous cycles 2013, 2017, 2020 we saw the same major consolidating trend trend line that continues on for longer than people expect (it gets boring). The RSI (LTF) confirms this development enters a parabolic phase once the 70 RSI level is tested. (Not you should only trust these indicators on a very long time frame). Diminishing returns is not relevant here as we can see the 2017 cycle virtually almost replicated the same movement. So we draw all the cycles and it gives us a middle range of around $350,000. This next move will be the fasted and volatile one of this cycle the entire reason this works is people get (bored) during this phase then they don't have months to react you have weeks and days. The environment where the FRED cannot raise interest rate. There is still 10s of trillions floating around the market from QE / BTFP. Institutions relentlessly keep allocating to the Bitcoin ETFs. We are weeks away from the public traded supply dropping under 1,000,000. (lowest in Bitcoins history"" Not counting the first start up years" I hold my positions we see a minimum 8x before the year ends. Unless a global black swan event occurs, nothing will derail this. Watching the reactions at $20,000 when I was promoting the fact we would be near $50,000 within months really gave me a reality check on how little people understand this asset.
INDEX:BTCUSDLong
by FederalXBT
1
Bitcoin ended the uptrend and now we are going to new bottomIn this comprehensive analysis, we delve into Bitcoin's current market trajectory, highlighting a potential end to its recent uptrend. Based on the Elliott Wave Theory, we are currently observing a pivotal transition that could redefine Bitcoin's market value in the near term. Our analysis suggests that Bitcoin, currently hovering around the $42,000 - $43,000 range, is on the brink of a significant downturn. We anticipate a sharp decline to levels below $10,000, potentially reaching as low as $6,000. More dramatically, this descent might not halt until Bitcoin hits a staggering low of around $1,000. This price point is projected to be the foundational bottom, setting the stage for an unprecedented bullish wave. This expected downturn is classified as Wave 2 in the context of the Elliott Wave Principle. This phase is crucial as it typically precedes a strong bullish momentum. Our projections indicate that following this dramatic decrease, Bitcoin could enter a rapid and robust Wave 3, soaring to new heights between $130,000 and $150,000. This surge is not just a recovery but a monumental leap, potentially setting new records in the cryptocurrency market. It's important to note that while this analysis is rooted in well-established financial theories and current market trends, investors should approach with caution. The cryptocurrency market is known for its volatility and unpredictability. As such, this analysis should be considered as one of many possible scenarios, and investors should conduct thorough research and consider a variety of factors before making investment decisions. Stay tuned for updates and further insights as we continue to monitor Bitcoin's intriguing market journey.
BITSTAMP:BTCUSDShort
by BREAK-impossible
3
2024 top down analysis for bitcoinzones above zones below. we have just tagged my main bitcoin target at the gp pullback, 3M orderblock and value area high of the ath consolidation. i have several deep zones below and i think we may see a pullback as deep as 25k, if there is overshoot then we could tag the lower ones sub 20k again but it would require significant economical factors to get there. there is every chance we do not lose 30k and bounce above that first however the strongest confluence of support is lower. the halvening is a typically bullish event in crypto so the drive (similar to the etf narrative) could hold prices higher. if we keep above 40k then there is every chance we go for the higher box and reaction dependent maybe an ath, ie "up only, forever" thoughts for a pullback is that there is plenty of liquidity to swipe below + a cooking market with retail hype due to news
by TBTS
Sec will reject all etf bitcoin today.Today marks a critical point for Bitcoin, as the ETF is set to announce their decision on the Bitcoin ETF. There's a strong likelihood that the ETF will be rejected, a decision that could trigger a substantial market reaction. We're potentially looking at a significant price dump, where Bitcoin could plummet to the $3,000 to $1,000 range, and it might even go below $1,000. This drastic decrease, however, presents a unique opportunity. For investors and traders looking to capitalize on market movements, this zone is poised to be an exceptionally lucrative buy zone. The potential for recovery and a surge to new highs is substantial, making it an ideal time for strategic investment decisions. Keep a close eye on market trends and be ready to act as this scenario unfolds. Remember, market dynamics are unpredictable, and it's crucial to approach with caution and do thorough research before making any investment decisions. Stay updated and prepared for a significant shift in the Bitcoin market landscape.
BITSTAMP:BTCUSD
by BREAK-impossible