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BTCUSD trade ideas

Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec13, 2024Technical Analysis and Outlook: Bitcoin's repeated pullback in this week's trading session by upholding firmly at the Mean Sup 96000 price level within the completion of the Inner Coin Rally 103600 is now noted. Recent analyses indicate that the cryptocurrency will likely retest the completed Inner Coin Rally 103600 by navigating the weak Mean Resistance 102300. This movement is anticipated to revitalize its upward trajectory toward the projected Outer #1 Coin Rally 110000 and beyond. Furthermore, a potential decline to the Mean Support 97000 would prepare the market for the subsequent phase of a bullish trend.
BITSTAMP:BTCUSD
by TradeSelecter
1
"BTCUSD Short-Term Outlook: Bearish Reversal Towards $99,000"The future prediction for BTCUSD suggests a potential bearish reversal following recent price action near key resistance levels. After reaching the $102,800 zone, Bitcoin faces strong selling pressure, indicating a weakening upward momentum. A potential double-top pattern has formed, signalling a reversal, especially if the price fails to break above this resistance. Additionally, the ascending trendline acting as support may soon give way, leading to accelerated downward movement. If this scenario plays out, BTCUSD could test lower support levels around $99,000, where significant buying interest may emerge. Traders should watch for a breakdown confirmation below the trendline and monitor volume for increased selling pressure. However, a false breakout above $103,200 could invalidate this bearish outlook, making stop-loss management crucial. Overall, BTCUSD's short-term trend suggests a correction is likely, with a target of $99,000 before any possible rebound or continuation of the broader bullish trend .
COINBASE:BTCUSDShort
by PK97
Nobody appreciates it !!!As I mentioned in my previous analysis, Bitcoin managed to break through the triangle pattern and experienced significant growth. Now, the price is forming a bullish pennant pattern, which could lead to further growth after the pennant breaks. Previous Analysis Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
1
BTC up to $250K - Remarkably Accurate Projection 2022/25Initial projection from December 12, 2022, ➡️ ​⬅️ When the price was at $17K, aimed to predict the bottom of the cycle, but primarily to predict Bitcoin's next all-time high and its timing. This projection has been spot on​!!! The two-year forecast has proven to be exceptionally and remarkably accurate, demonstrating high credibility. The analysis employed a multifaceted approach, including these key factors: - Projected symmetrical parallel channel for price forecasting - Volume Price Range (VPR) for identifying Points of Interest (POIs) - Price range (PR) tool, to project the peak from the hypothetical bottom - Measurement of days between halving events and peaks - Measurement of days between peaks - The symmetrical parallel channel , ( Green and Red lines ) derived from previous highs and lows, linking them enabled the projection of a clear symmetrical parallel channel into the future, this channel has proven to be highly predictive of price movements, whenever the price reached the channel's boundaries, it consistently signaled reversals or marked the cyclical highs and lows. As shown by the three green arrows, the price consistently reversed direction upon reaching the lower boundary of the channel. The orange arrow points to the most recent bottom, the initial analysis predicted that the bottom would be reached only in January 2023, with a price somewhere between $10K and $1​2K, which did not materialize, in fact, the bottom was reached in December 2022​ a month early, with the price hitting a low of $15K, a slight deviation from the projection." - Volume Price Range (VPR) ( Combined yellow and blue bar projection )​ was employed to identify Points of Interest (POIs) by connecting reversal bottoms to peaks, then red rectangles were projected on the chart to align with these bottoms, indicating potential reversal zones for BTC. Both projections (Red Rectangles ) accurately predicted a reversal in this zone, whatever in the recent bearish cycle, the exact reversal point was slightly higher than anticipated VPR indicators remain a valuable tool for forecasting future price movements and identifying key areas of interest, and have proven to be reliable tools for identifying potential reversal ​zones. - Price range (PR) tool ( Parallel channel with a white upward projection arrow ), was applied to projected from the December 2022 bottom until it intersected with the upper band ​( Red line ) of the symmetrical channel, a level that historically coincided with cycle peaks. - Measurement of days between halving events and peaks: 2nd Halving on July 2016 to Peak December 2017 +/- 500 days 3rd Halving on May 2020 to Peak November 2021 +/- 500 days 4th Halving on April 2024 to Peak October 2025 +/- 500 days ➡️ Projection ⬅️ The measurement of days between halving events and peaks for the 2nd and 3rd cycles was approximately 500 days, based on the results of the two previous cycles, we observe a potential temporal pattern and correlation between halving events and price peaks. This correlation is reinforced by our projection, we forecast the peak of the 4th cycle to be around October 2025, occurring roughly 500 days after the halving (16-17 Months ). Measurement of days between peaks we started by measuring from the December 2017 peak to the November 2021 peak and found that it took 47 months (approximately 1430 days) to reach a new peak, with a price increase of 250% We then measured the duration from the latest BTC peak in November 2021 to October 2025 which was the month that coincided with our projection of a new peak. Remarkably, we discovered that this period was identical to the previous cycle at exactly 47 months. Intrigued and Astonished, we decided to copy and paste the measurements ( Blue Rectangle ) from the previous cycle and were stunned, the range was exactly the same 47 months and approximately 130 days. And when we thought nothing could surprise us more, to our further amazement, the price increase was a striking 250% the same as before. This uncanny correlation is truly astonishing. What a heel, what is this? CONCLUSION The remarkable accuracy of the December 12, 2022 projection underscores the robustness and reliability of the multifaceted analytical approach employed. Multiple coinciding patterns and consistent correlations have converged to validate the forecast, enhancing its credibility significantly. Symmetrical Parallel Channel: The use of green and red lines to establish a symmetrical parallel channel accurately anticipated price reversals at the channel boundaries. The consistent directional changes upon reaching these boundaries highlight the channel’s effectiveness in signaling cyclical highs and lows. Volume Price Range (VPR): [ By identifying Points of Interest (POIs) through the combination of yellow and blue bars, the VPR method successfully pinpointed reversal zones. The alignment of red rectangles with these zones accurately forecasted price reversals, reinforcing the tool’s reliability in predicting key market movements. Price Range (PR) Tool: The projection of the peak from the hypothetical bottom using the PR tool intersected precisely with the upper band of the symmetrical channel. This intersection historically aligns with cycle peaks, further validating the projection model. Halving Events and Peak Correlation: The consistent interval of approximately 500 days between halving events and subsequent peaks across multiple cycles reveals a strong temporal pattern. Projecting this correlation forward suggests a peak around October 2025, maintaining the established 16-17 month post-halving window. Measurement of Days Between Peaks: The identical duration of 47 months (approximately 1430 days) between consecutive peaks, along with a consistent 250% price increase, showcases a compelling cyclical pattern. The replication of these measurements in the current cycle with precise alignment adds to the projection’s accuracy. The convergence of these diverse analytical methods​ each independently demonstrating high predictive accuracy​ creates a compelling case for the projection’s validity. The alignment of historical patterns, consistent temporal correlations, and the successful anticipation of recent market movements collectively inspire strong confidence in the forecast. Projection: Given the synchronized alignment of these multiple indicators and patterns, it is highly plausible that Bitcoin (BTC) will reach approximately $250K by October 2025. This projection not only aligns with historical trends but also exemplifies the power of comprehensive, multifaceted analysis in accurately forecasting cryptocurrency market movements.
BITSTAMP:BTCUSDLong
by The_One_Trader_
Breaking: Riot Platforms' $500M BTC Buy Sparks Rally to $101KIn a landmark move, Bitcoin mining giant Riot Platforms has catalyzed a fresh surge in Bitcoin’s price by purchasing over $500 million worth of CRYPTOCAP:BTC within two days. This acquisition underscores the growing trend of institutional Bitcoin adoption, as more firms strategically bolster their reserves to capitalize on the cryptocurrency’s potential. Riot’s Bold Bet on Bitcoin Between December 10 and 12, Riot Platforms acquired 5,117 BTC at an average price of $99,669 per coin. This significant purchase was funded through the proceeds of a $525 million convertible bond offering. With this addition, Riot’s total Bitcoin holdings have soared to 16,728 BTC, valued at approximately $1.68 billion at current market prices. This purchase aligns with Riot’s broader strategy to lead the institutional charge into Bitcoin accumulation, a move reminiscent of MicroStrategy’s long-term commitment to $BTC. Riot’s CEO, Jason Les, emphasized that this initiative bolsters their position as a key player in the Bitcoin ecosystem while highlighting its strategic importance in managing long-term value. Wall Street’s Quiet Bitcoin Race Riot Platforms isn’t alone in this institutional push. MARA Holdings recently invested $1.1 billion to acquire 11,774 BTC, while Australia’s AMP Pension Fund allocated $27 million to Bitcoin as part of its diversified portfolio strategy. These moves signal a subtle competition among institutions to secure Bitcoin, further solidifying its position as a hedge and a valuable reserve asset. Even at the state level, Bitcoin is gaining traction. In Texas, a proposed bill to establish a Bitcoin reserve could pave the way for government-backed cryptocurrency holdings, potentially reshaping fiscal strategies in the U.S. Technical Analysis At the time of writing, CRYPTOCAP:BTC is trading at $101,000, up 1.49% over the past 24 hours. The technical indicators suggest room for further growth: - Relative Strength Index (RSI): At 58, the RSI indicates a balanced market, with CRYPTOCAP:BTC neither overbought nor oversold, signaling potential for further upward movement. - Moving Averages: Bitcoin is trading above key moving averages, reinforcing its bullish momentum. - Support Levels: In the event of a correction, the 65% Fibonacci retracement level provides a critical support zone, offering stability for further consolidation. Fundamental Impact This aggressive Bitcoin acquisition by Riot and other firms reflects a paradigm shift in institutional attitudes toward Bitcoin. Riot’s purchase highlights confidence in Bitcoin’s long-term value and its ability to serve as a hedge against economic uncertainties. As more firms follow suit, Bitcoin’s status as a mainstream financial asset continues to strengthen. With the $101,000 milestone reclaimed, the question remains: can Bitcoin maintain its momentum and push toward new highs? Conclusion Riot Platforms’ latest acquisition not only reinforces Bitcoin’s narrative as “digital gold” but also showcases the rising institutional interest that underpins its price trajectory. With technical indicators favoring further gains and institutional players driving demand, CRYPTOCAP:BTC is poised for an exciting phase in its journey to redefine the financial landscape. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your research before making investment decisions.
COINBASE:BTCUSDLong
by DEXWireNews
107K is next upside target, looking at 98-98.5K for entryMorning folks, So, BTC stands in upside channel, and we have no big patterns by far. Meantime, on 4H chart as potential ones, we could suggest the butterfly, right? While on 1H chart we have DRPO "Sell" (in red circle) and a kind of H&S shape. It is just a shape, but who said that market can't keep it harmony? Thus, 98-98.5 seems interesting level, if you would like to go long. For short position we see nothing interesting on higher time frames, thus, only DRPO "Sell" here and with minimal target around 98.5K
COINBASE:BTCUSD
by Sive-Morten