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BTC what if ..? BTC / USDT Current BTC price action is reminding me of what happened in 2017 cycle in which price made a breakout then returned below previous ATH for few days before massive bullrun at that time I see price will make some range below 69k then breakout higher Why i say that : The PA is similar to 2017 - the high funding cooled off - fear/greed index dropped a bit - major altcoins are setting on their weekly support This is the highest potential scenario for me right now .. Things can change fast but until now i dont see that.. DYOR
by Babenski
12
Cryptolean Bitcoin BTC Update Bitcoin found a support at $64,360 and is having a bullish pullback, however IMHO, it is temporary. Below $69,654, BTC will be under bearish pressure. A sustained price action below $69,654 will push BTC price to re-test $64,360 and, possibly, lower to the key daily support at $59,920. Bitcoin has to move bullish and break through $73,423 for another bullish extension towards $78,223-$82,353. Intraday Chart Bitcoin is testing the bottom of the intraday range zone at $67,227 and below it is a bearish territory. A bullish rejection of $67,227 will push price to $70,692, however the move will be slow and choppy. A bearish break-out of $67,227 will lead to a re-test of $65,364 and lower to $61.562-$63,143, the key intraday support. Like once read! Thank you.
by Trade-Lean
Bitcoins newer all time highOn the 4-hour timeframe, Bitcoin appears to be within a distinct channel. This week, it experienced a decline, reaching the 65654 support level at the channel's bottom before rebounding. Currently, it has bounced off the 67562 support and is heading upwards. If it breaks above 69005, it could revisit all-time highs. Back on March 3rd, Bitcoin formed a flag pattern before reaching its previous all-time highs. Considering the length of the candlestick pole to the flag pattern, I anticipate Bitcoin may reach 75000 before a downturn, potentially returning to the support trend line around 54670.
BITSTAMP:BTCUSDLong
by samstoobad
Will Bitcoin Continue Its Pullback?Bitcoin (BTC) has experienced a remarkable surge since the speculation surrounding a potential Federal Reserve interest rate cut emerged. Recently, BTC hit an all-time high, reflecting the fervor in the market. However, it's essential to note that assets witnessing substantial increases often require a pullback or correction. Analyzing the daily timeframe from March 4th to March 13th, 2024, reveals indications of a bearish divergence pattern, suggesting an impending pullback. This anticipation materialized on March 14th and 15th, 2024, with BTC dropping from its all-time high of 73794 to 68166 at the time of writing, marking a decline of over 7% in just two days. Assessment of Fed Rate Cut Possibility: Despite the potential for a Federal Reserve rate cut should inflation continue to decline, the likelihood remains slim. Data from the Fed Watch Tools indicate a 99.0% probability of the Fed maintaining an unchanged interest rate during the March FOMC meeting. This prediction also aligns with the fact that the Fed's emphasis on reducing the Core PCE Price Index to its target of 2% year-on-year, while it currently stands at 2.8%. Technical Analysis and Implications: In addition to the factors mentioned, a technical analysis reveals that Bitcoin's prolonged rally since early February is poised for a significant pullback. The stochastic indicator clearly shows a lower high while the price sets a higher high, indicating a weakening trend. The observed bearish divergence in the daily timeframe signals a potential reversal in the upward momentum. This corrective movement aligns with market dynamics and the absence of strong indications for a Fed rate cut. Therefore, traders and investors in the BTC market should exercise caution and anticipate increased volatility as the asset undergoes a corrective phase. Conclusion: The recent surge in Bitcoin's value amidst speculation surrounding a potential Federal Reserve rate cut has been remarkable. However, technical analysis suggests a high likelihood of a substantial pullback, as evidenced by the observed bearish divergence pattern and the weakening trend indicated by the stochastic indicator. Given the low probability of a rate cut by the Federal Reserve in the upcoming meeting, market participants should brace themselves for increased volatility and potential corrections in the Bitcoin market.
BITSTAMP:BTCUSD
by fardycurry
Bitcoin/USD 29/11/23Take a seat... This here is the months chart, each candle equates to a month of price action. Last month as you can see finished very positive and so this month was likely to also follow trend. The weekly time frame shows that as of the last two weeks traders/investors of #BTC have been taking profit, but the buying pressure is still there as we can see pullbacks to 35k... Now we have a minor resistance to break... breaking there has the potential to push price up. Now a break of this minor resistance (38k) has the potential for price to climb to 50k (where we watch how price reacts) or we have a possible 50-60% discount (30-31k) to get in and climb to 50k. Worse case for #Bitcoin as of now we fail to break 38k and catastrophically drop. This is where that 12-10k price predictions comes in... Take the risk and prosper!!! | Nothing Here Is Financial Advice But Be Inspired|🌟🚀 🌟
COINBASE:BTCUSDShort
by DENCHMON
2
$Btc #Bitcoin Earliest Top theory This is a total break of all trends and history as well as makes excuses for the double top. However, are these communities not for sharing ideas and helping one another think outside the box vs just being an echo chamber of common ideas? So here it is, the possibility that we began seeing a MUCH faster peak and finish to the cycle once getting into these BIG evaluations and numbers per BTC. BUT that it was missed and faked via the double top and all the extra $ printing etc. This is NOT my take it or leave it feeling, this is NOT me trying to create FUD and or seem like an idiot who knows nothing which I'm sure many will say, lol. BUT it is something to get people thinking. So love it or HATE it, I'm here to take the RISK sharing it.
by rarebreed29
BTC is capable to hit 100k more than u thinkBTC / USDT I think BTC started a new bull wave and The 100k is very logic target at end of cycle ,Heres why : 100k price is equal to 1.618 level of last big wave which is golden resistance level (Usually one of most important resistances in Bullruns ) Also BTC halving is after 2 months only … which is a very bullish historical moment and BTC always make a new ATH after this event another bullish sign we still above 20W EMA (like 2021 bullrun) 20W EMA was always a sign of strength during bullruns in high time frames so all basics say we are strong bullish But there are an obstacles which are: First obstacle: area around 58k (tough resistance) bulls must break this level and make an stability above it in order to continue Second obstacle: ATH level but according to BTC history… BTC never made double top before so i dont see it as much of important as first one The journey wont be easy, strong corrections and flash crashs will happen in between as the price dont move in one direction as usual :)
Long
by Babenski
27
Update on the Path to $100K and $150K BitcoinHere's an updated 'Path to $100k - $150k Bitcoin' study. We've already seen the power of the ETF money flowing into these markets, which seems unstoppable with Blackrock and Fidelity now with over $16B in AUM. We're also now seeing heavy corporate accumulation by the likes of MSTR which just upsized it's convertible debt offering to $700M from $600M to buy more Bitcoin. But as I've been speculating lately that other corporate accumulation has already begun, and would soon be 'revealed' at quarterly earnings reports and 10K filings... A wallet address associated with Tesla has started showing new accumulation of BTC. According to news sources: "Data from Arkham Intelligence reveals Tesla's apparent accumulation of Bitcoin, with holdings now at 11,509 BTC, up from 9,720 BTC. This surge, amounting to 1,789 BTC (approximately $120.4 million), suggests a renewed interest in the cryptocurrency." And they're likely not the only ones. It's a game of musical chairs, and not everyone will have a seat when the music stops. How high will this push Bitcion and the rest of the crypto markets? As you can see from this study analyzing the past cycle's fibonacci projectsions which correctly called the market cycle top exactly, and also by overlaying the last cycle's price action pattern, stretched out slightly to account for the pre-halving tempo of this market... We can clearly see $100k Bitcoin as the likely next point of resistance, and after potentially re-testing the current $70k new high, bitcoin could easily push higher to $155K this year. Similarly, the chart suggests that at a full 3.618 Fibonacci extention like the last cycle, puts Bitcoin at a $210K high this cycle, likely in 2025. What ar your thoughts?
COINBASE:BTCUSD
by BrettFogle