Bitcoin BTC Trending to $65,000Bitcoin BTC is on the move. BTC is trending to $65,000. Keep and eye on MSTR, COIN, MARA, IBIT, GBTC, WULF, HOOD, etc...
BEARUSD trade ideas
FinalThe next stage has begun.
No comments. Just silence and patience is all that is needed.
When we finish, there will be comments again.
Don't fight the market!
$BTC God Candle HYPER BULLThe Hyper case for BTC
As the world watches in surprise NASDAQ:MSTR consumes all of the CRYPTOCAP:BTC leveraging never ending fiat printing and cheap debt which forces all of the big institutions to pay attention.
All publicly traded companies begin to realize that they must do the same to protect of the impending doom of hyperbitcoinization as their treasuries goto zero against CRYPTOCAP:BTC
130trillion moves into bitcoin.
NASDAQ:MSTR = becomes #1 stock in the world. ( currently #380 and advancing rapidly )
Bitcoin God Candle as $MSTR consumes $BTCAs the world watches in surprise NASDAQ:MSTR consumes all of the CRYPTOCAP:BTC leveraging never ending fiat printing and cheap debt which forces all of the big institutions to pay attention.
All publicly traded companies begin to realize that they must do the same to protect of the impending doom of hyperbitcoinization as their treasuries goto zero against CRYPTOCAP:BTC
$130trillion moves into bitcoin.
NASDAQ:MSTR = becomes #1 stock in the world. ( currently #380 and advancing rapidly )
Bitcoin Rallies to Key Resistance at $71,500Bitcoin (BTC/USD) Price Report – October 29, 2024
Current Price: 71,368.91 USD
Daily High: 71,500.00 USD
Daily Low: 65,149.51 USD
Volume: 120.82 (moderate activity)
Price Movements
Bitcoin is currently trading near 71,368.91 USD, approaching the daily high of 71,500 USD after a substantial rally. This marks a significant recovery from earlier lows around 65,149.51 USD, reflecting a strong bullish trend over the past few sessions.
Key Levels
Resistance:
71,500 USD: The current daily high and a critical resistance level, marking the highest point in recent trading activity. Bitcoin is testing this area, and breaking through could signify continued upward momentum.
Support:
67,500 USD - 68,500 USD: This zone has shown to be a strong support during previous dips, where buyers re-entered, creating a potential floor if the price retraces.
65,149.51 USD: The daily low and key support level from earlier in the week. This area is essential to monitor if Bitcoin experiences a significant pullback.
Trend Analysis
October 24-25 Decline: The chart shows a notable drop in Bitcoin's price, falling to 65,149.51 USD, its lowest level in the last week. This decline marked a significant retracement before a sharp reversal.
Recovery and Rally: Since the October 24 low, Bitcoin has been on a strong recovery, breaking multiple resistance levels. The price began its steep upward trend around October 28, with clear signs of bullish momentum as it surged past 67,500 USD, eventually reaching today's high at 71,500 USD.
Outlook
Bullish Bias: If Bitcoin can break and sustain above 71,500 USD, the bullish trend may continue, with the potential to target the 72,000 USD and 73,000 USD levels. A break above 72,000 USD could lead to increased buying pressure and drive prices higher in the short term.
Bearish Bias: Failure to break and hold above 71,500 USD could result in a pullback. In this scenario, 68,500 USD could act as the first significant support, followed by 67,500 USD and, in a more substantial correction, the 65,149.51 USD level might be retested.
Conclusion
Bitcoin is displaying strong bullish momentum, currently testing resistance near 71,500 USD. A break above this level could lead to further upside, while failure to break resistance may result in consolidation or a slight correction towards the lower support areas. Traders should watch the 71,500 USD level closely for indications of a breakout or reversal.
Disclaimer: This report is based on current market data and is intended for informational purposes only. Always perform additional analysis or seek expert advice before making trading decisions.
Bitcoin is Dead.. Don't Chase It Please..This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
BTCUSD UPDATEAfter my last BTC market analysis and price projection, BTC is moving exactly how i analysed it. Now lets see if it will get to the 100k mark in the coming months
$BTC heading towards $100k radar!#Bitcoin HTF is also in a very strong position. At the same time, the presence of a strong buyer zone at the level where the Elliot 5th wave begins is a sign that parabolic movements are inevitable.
BITCOIN 70K!?? Hi everyone!
I hope the CAPITALCOM:SILVER exit was not too early!
BTC might go beyond 70k this time, i kinda hope as well. Not fully clear right now.
Bitcoin In New Bull MarketBitcoin has FINALLY broken above $70,000, making a higher high for the first time since the all time high in March. This has been the level to watch for months.
Anything can happen in markets, but from a technical perspective the bearish arguments are dead, alongside the bearish market structure of lower highs and lower lows.
We also have a golden cross between the 50 and 200 MAs, as discussed a few days ago.
Things are looking great.
The bull is back.
Oct.22-Oct.28(BTC)Weekly market recapThe recent initiation of a new round of interest rate cuts by major Western central banks, coupled with China's extensive monetary and fiscal stimulus, may serve as key catalysts for the recent surge in Bitcoin (BTC) prices.
Additionally, the continued significant net inflow into BTC exchange-traded products (ETPs) indicates a persistent influx of traditional capital into the cryptocurrency market, reflecting confidence and optimism among investors.
As the U.S. elections approach, the high-profile campaign of Republican candidate Donald Trump, who is supportive of cryptocurrencies, has bolstered market confidence in his potential victory, with the probability of his success soaring to 66.3%. This factor may also play a role, although caution is warranted regarding the risk of a market correction following the election.
Last week, BTC fluctuated near resistance levels and broke through to $71,000 during the early and late hours in the U.S. market yesterday. The WTA indicator shows the emergence of blue bars representing whale activity, suggesting that macroeconomic shifts are beginning to attract substantial capital. The purple wave area on the ME indicator is widening, indicating a strengthening bullish sentiment.
In summary, we believe BTC may continue to rise this week. We have adjusted the resistance level to $72,000 and the support level to $65,000.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
October 28 Bitcoin Bybit chart analysis
Hello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
Here is the Bitcoin 30-minute chart.
There is no separate Nasdaq indicator announcement today.
There are Nasdaq variables, and I was very worried because the short-term pattern was broken.
*Red finger one-way long position strategy.
1. 68,242.5 dollars long position entry point / cut-off price when the green support line is broken
2. 69,812 dollars long position 1st target -> good 2nd target
The purple finger section at the top is
important because it can be connected to an upward trend.
When operating a short position, operate at a cut-off price when the orange resistance line is broken
and if this section is broken, it is a vertical rise.
Purple finger 69K short -> red finger 68.2K long strategy
Is this the minimum wave for it?
Up to this point, I ask that you simply use my analysis for reference and use only.
I hope that you operate safely with principle trading and stop loss prices.
Thank you.
BTCUSDTLast squiggly took the slow road by the looks of things but same result nonetheless
next squiggly im guessing we simply consolidate these levels whilst certain ecos play catchup somewhat noteably eth tbh
That being said i wouldnt rule out some chaos november wick due to mt gox and the us election is usually when the crypto market pumps to distract most of america(usa) just long enough to distribute on them again... so it goes
BTC Tricks & Treats: Will We See 100K? Will Bitcoin hit the ghostly 100K milestone? This chart playfully shows the journey, with BTC carving out its path like a Halloween pumpkin, aiming for the top with some holiday spirit.
Happy Halloween to all HODLers! 🎃👻
Bitcoin view BTCAs per the chart analysis BTC could hit 73k in coming days. As it is breaking out of a consolidation channel. Let's see how it goes 🤞
Hope for the best.
#btc #btcusd #elliottwave short sell setup 29Oct Wave A/2This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
BITCOIN BULLISH 1-2/1-2/1-2 leading to 100K+?!Based on the current distribution pattern of the shorter timeframes, I think we are going to be putting more slightly more weight to the very bullish, impulsive idea (1-2/1-2/1-2) for this week, based on the current data given.
This is because the correction depth required followed by the larger diagonal is losing strength. Of course, we will flip flop back and forth until one of them is achieved, but right now, the only depth of correction achieved is from the immediate pivotal Fib levels.
I is finnishing!In my opinion, one bearish leg seems necessary to complete the final leg of the diametric as the I for bigger symmetrical. so be careful until next week!
Bitcoin two wicks probably will sent to new ATHpersonal idea: Bitcoin daily time frame technical behavior is extremely buliish in my opinion and moving technically and logically towards new ATH. we see two nice wicks against 65500 and based on the fib retracment I think target may be around 80-89k. Good 🙂 luck 👍
$BTC Update - BULLISH!CRYPTOCAP:BTC #BTC Testing $71,304, Looking bullish on 1D view, Previous weekly closed with a bullish pin bar following bullish engulfing on 1W, weekly view also looks good and ready for upside, support at $70,463 is to be tested yet, $69,296 key support here. $71,981 support required to test $73,344-$73,965. Watch given S/R
BTCUSD may hit a new all-time highOn the daily chart, BTCUSD has broken through the $70,000 mark, and the short-term bullish trend is dominant. Currently, you can pay attention to the support near 69,500. If it falls back and stabilizes, you can consider continuing to buy. The upper resistance is around 73,800. A breakthrough will open up upside space.
BTCUSD - Key Bullish Signal?20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Your interest motivates me.
How I see it:
Daily candle body closed above key confluence area.
Will demand/support hold for strong bullish continuation to new ATH's?
Thank you for your time reading, boosting or following my analysis.
I deeply appreciate it.
