BTC moving uptrend based on Renko Pivots My pink lines and yellow and blue dash are renko based candle pivot and we have moved above 50% renko which mean we will complete the nexy 50%, we will move this to these to these price tonight. For once you are not in the dark where the price will be.
- 68756 - 55 % Renko Body
- 68868
- 69036
- 69195
- 69401
- 69625
- 69756
- 70008 - 100% Renko Complete
Bitcoinprediction
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BITCOIN TARGETS 70000$ - BTC BULLISH MOMENTUM IS RISINGBitcoin recently broke and closed above the massive diagonal trendline that had been driving the weekly bearish trend since March 2024. This weekly breakout and close above the trendline gives me strong confidence that a bullish weekly momentum has begun.
After the breakout, Bitcoin retraced into the weekly demand zone and showed a strong rejection.
During this retracement, it also ran the daily swing liquidity and attempted to close below for six consecutive days. However, buyers defended the daily swing level strongly. This indicates that Bitcoin is likely aiming higher, with the first target set at $70,000.
Other targets can be seen on the chart as well, and I’ll be watching these levels, ultimately aiming for an all-time high.
I’m feeling quite bullish about the crypto market at the moment.
Will the US Elections Cause Bitcoin's Price to Fluctuate?
Bitcoin, the world's largest cryptocurrency, has experienced a recent price dip amidst rising geopolitical tensions and investor uncertainty. The cryptocurrency market is bracing for potential volatility as the United States gears up for its upcoming presidential elections.
Recent Price Dip and Market Sentiment
The recent decline in Bitcoin's price can be attributed to several factors. Firstly, the ongoing geopolitical tensions, particularly between the US and China, have created uncertainty in global markets. Secondly, concerns about a potential global economic slowdown have also contributed to the bearish sentiment.
However, despite the recent price dip, many analysts remain bullish on Bitcoin's long-term prospects. They believe that the cryptocurrency's underlying technology, blockchain, has the potential to revolutionize various industries. Moreover, Bitcoin's limited supply and decentralized nature make it an attractive investment for those seeking to hedge against inflation and economic instability.
US Elections and Market Impact
The upcoming US presidential elections are expected to significantly impact the cryptocurrency market. A change in administration could lead to shifts in regulatory policies, which could, in turn, affect the price of Bitcoin and other cryptocurrencies.
Historically, the cryptocurrency market has exhibited heightened volatility during election years. Investors are advised to closely monitor political developments and their potential impact on the market.
Diversification Strategy for Navigating Market Uncertainty
To mitigate the risks associated with market volatility, analysts suggest diversifying investments across various asset classes. This includes Bitcoin, gold, commodities, and tech stocks.
• Bitcoin: As a decentralized and digital asset, Bitcoin offers potential for long-term growth and diversification benefits.
• Gold: Traditionally considered a safe-haven asset, gold can provide stability during times of economic uncertainty.
• Commodities: Investing in commodities like oil, natural gas, and agricultural products can help hedge against inflation and economic fluctuations.
• Tech Stocks: The technology sector has been a major driver of market growth in recent years. Investing in tech stocks can provide exposure to innovative companies and potential high returns.
By diversifying their portfolios, investors can reduce their exposure to specific risks and increase their chances of achieving long-term financial goals.
Technical Analysis: Short-Term Outlook
From a technical analysis perspective, Bitcoin's recent price action suggests a potential period of consolidation. The cryptocurrency is currently trading below key resistance levels, and a break above these levels could signal a bullish trend. However, if Bitcoin fails to break above these resistance levels, it may experience further downside.
Conclusion
While the recent price dip and upcoming US elections have created uncertainty in the cryptocurrency market, Bitcoin's long-term potential remains strong. By adopting a diversified investment strategy and staying informed about market developments, investors can navigate the volatile market and capitalize on potential opportunities.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Please consult with a qualified financial advisor before making any investment decisions.
Bitcoin Bears Strike! Key Short Entry with Multiple Targets Set!BITCOIN (BTCUSDT) 15m Timeframe Technical Analysis:
In the 15-minute timeframe, Bitcoin (BTCUSDT) has offered a short trade entry at $67,607.9, following a breakdown below the Risological dotted trendline. This signals a potential downside, with multiple targets charted below for this trade.
Key Levels:
Entry: $67,607.9
Stop Loss (SL): $68,227.5
Trailing Stop: $67,676
Target 1 (TP1): $66,842 (First target)
Target 2 (TP2): $65,602.6
Target 3 (TP3): $64,363.3
Target 4 (TP4): $63,597.4
Observations:
The price broke below the Risological dotted trendline, indicating bearish momentum.
Trailing stop at $67,676 is in place to secure profits as the price moves lower.
Bitcoin is poised for further downside, with multiple targets set. The strong rejection below the Risological dotted trendline supports the short bias, and traders should watch for price action around the targets for potential exits or extensions of the trade.
Bitcoin Weekly to Four Analysis: Everything To Know Good morning Trading family
So I created this video to figure out where we are currently at in Bitcoin in price but as well what levels can Bitcoin reach currently and what happens if Bitcoin reverses with the Bears
I try to go into full depth to give you some levels to look for to help you mark out good entry or short positions if you are shorting Bitcoin
If you like this video or found it helpful : like, comment, follow, boost I appreciate it all
Mindbloome Trading / Kris
Trade What You See
Bitcoin Surge Continues! TP 3 Hit, Eyeing TP 4 Next!BITCOIN (BTCUSDT) 4H time frame Technical Analysis:
Bitcoin (BTCUSDT) on the 4-hour timeframe shows a solid long trade with momentum intact. Price action has followed the upward curve supported by the Risological dotted trendline, providing a strong bullish foundation for the current rally.
Key Levels:
Entry: 61,732.3
Stop Loss (SL): 60,316.2
Target 1 (TP1): 63,482.7 ✅ (Hit!)
Target 2 (TP2): 66,315.0 ✅ (Hit!)
Target 3 (TP3): 69,147.4 ✅ (Hit!)
Target 4 (TP4): 70,897.7
Observations :
Bitcoin has already smashed through TP3, riding the wave of bullish momentum.
The Risological dotted trendline is acting as strong support, indicating that TP4 is highly within reach.
With TP3 completed, Bitcoin continues its bullish momentum. Keep an eye on the final resistance at TP4, as the price is showing no signs of slowing down!
BTCUSD I Forecast and trading plan Welcome back! Let me know your thoughts in the comments!
** BTCUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Bitcoin Forecast 23-Oct-24Bitcoin increased as expected after decisive break above 65400 as specified in my previous report . The Resistance 1 provided around 68500 worked very well and trading down.
21 SMA at 64600 and 64370 (0.618 Fib Retracement)
Further down the 61300 acts crucial support (0.5 Fib Retracement).
Can buy at these support level if bouncing back strongly for target of 73700.
BTC Analysis: Waiting on the Next Move – $67,226 Bounce or Back Alright fam, here’s the scoop – BTC could pop up to $67,226 from here, but if not, we might dip back to $66K for a quick reset before heading higher. If things get dicey, we could slip to GETTEX:64K – and worst case, it drops even lower.
If you like the update, drop a comment or follow so I can keep bringing you more analysis on the markets you love!
Mindbloome Trading
Trade What You See
New bitcoin pattern on 1WUsually on Monday we publish analytics with a local perspective, but this time we have not enough information for a full-quality forecast.
Nevertheless, this week is notable for the fact that a new EXP pattern has formed on INDEX:BTCUSD on the weekly timeframe.
It is notable that we have an earlier pattern from May 21👇
And the new pattern is essentially the "big brother" of the smaller pattern and gives us more distant target levels (as is often the case with higher-level patterns, most likely not all of them will be reached).
The fact that the formation of this model occurred through the touch of the trend line increases the probability of a test of $73,757 and $77,723 (but only increases, the level of uncertainty is still high).
Bitcoin Q4 Surge Incoming? As institutional giants rally around Bitcoin, with MicroStrategy now holding $15 billion in BTC, analysts are predicting a potential move toward $85,000-$100,000 by the end of the year. Historical data shows Q4 is typically bullish for BTC, and this trend could continue with increasing institutional adoption and upcoming ETF approvals. 📈
📊 Key Levels to Watch:
Support: $62,000
Resistance: $71,000+
Don’t forget about the influence of macroeconomic events like central bank policies, which could further boost the rally! 🌍
Join the discussion: Will Bitcoin break its all-time highs this year? Or is this just the calm before a storm?
🔔 Upcoming Events:
October 24th: Key US retail sales report
October 31st: Fed interest rate decision
History is being made and people don't seem to care In the past week we've seen CRYPTOCAP:BTC amazing performance defying all the odds ( not mine obviously) and recovering what seemed to be a historical crash
Now we are seeing history being made Bitcoin will certainly make a new higher high surpassing the 74k level
It's just a matter of time, and it will be explosive (huge candles)
BTC Bitcoin UpdateIf you haven`t bought BTC before the rally:
nor sold the top:
Now Bitcoin could be positioned for a rally toward $69,000 as U.S. major stock indices hit record levels.
Historically, Bitcoin has shown a strong correlation with broader market sentiment, particularly during periods of risk-on trading.
With investor confidence growing in the stock market, crypto assets like Bitcoin may also experience increased buying interest.
Institutional investment could play a key role in pushing Bitcoin to new heights, especially with the favorable macro environment as GDP - in line with expectations today - and the recent 50bps rate cut.
BTC Long PushStrong buy trend as we can see, and a continuation pattern confirmed as price breaks out and retested before creating another break of structure to the upside. We are currently looking at another retest hopefully the buyers will take charge by the coming week and ride long to the monthly resistance at 71,269.16. Until then, Fingers crossed...
Bitcoin on the Brink – Bounce from 65,700 or Slip to 63,400?Alright, crew, Bitcoin is hanging right above 65,700, and it’s crunch time. If the bulls show up, we could ride this wave toward 67,800. If not, we might slip down to 63,400 for the next setup.
Key Levels:
Support: 65,700 – Bulls need to hold strong here.
Target: 67,800 – A break higher takes us back in the green.
Lower Zone: 63,400 – If the floor drops, this could be the next landing spot.
It’s all about momentum now—do the bulls have the energy to hold the line, or are we getting pulled down? Keep your eyes on those lower time frames to catch the next move.
What do you think—are we bouncing or slipping? Drop your thoughts, follow, and share if this chart gave you some clarity.
Mindbloome Trader
Trade what you see
BITCOIN - the road map !We will explain the market situation and what is happening in the currencies in this post
And why you should not sell even at 80k or 120k
This is the most important post I will write and share with you. I will return to it in the future to prove to you the truth of what I am saying.
As you know, 67-71k have accumulated very heavily and all the bears have gathered there and formed massive supply areas
Therefore, market makers are emptying this area and absorbing the existing supply, so you see the currencies falling or not moving because the whales are withdrawing liquidity from the currencies and directing it to buy Bitcoin
Also, professional traders and smart money will not enter at resistances and supply areas. They are waiting for a breakout of 73k and confirmation to move
Therefore, you see this great stagnation in the market and on all alternative currencies
Of course, there is something called floating supply, meaning that Bitcoin will rise to 80-90-100 thousand, and there are still bears selling strongly.
After breaking 100 thousand, selling will stop, bears will surrender, and Bitcoin's Dominance will stop rising completely. It is expected to stop at 60-61%.
After that, we will see levels of 130k -140k, and a correction of approximately 20-28% will occur for Bitcoin, but not for currencies, because a violent collapse will begin to acquire Bitcoin's dominance and transfer liquidity from Bitcoin to currencies. After that, Bitcoin will begin to rebound and currencies will begin to explode.
It is normal to see every week double and double and explosions everywhere, and currencies within a few months will hit 10x-20x-30x-50x-100x for each currency and its performance and strength. Here we are in the end of the bull market and at the end of the ALT season.
And you must know intuitively that this is what happens now is positive behavior.
Because we know that explosions don't happen in currencies, madness, FOMO, and memes explosions except when Bitcoin is close to achieving a peak and we all saw the March peak...
in march peak Currencies in some sectors such as AI and memes rose from 3x to 50x so Imagine the if new ATH IN BTC then
BEST regards Ceciliones🎯
Bitcoin Breakout or Pullback Zone Before Heading Higher? In this video we examine the current Bitcoin chart at resistance.
Most likely, we retrace here for a bit and then push higher into the next resistance zone of around $70k and possibly to retest the previous ATH zone @72k - 74k.
Lots of sell pressure at the previous ATH which can also be seen on the Total Market Cap, using our Order Block Detector.
Not much happening now and until we can find the money flow and volume to push up.
Many people likely waiting for the election on Nov 5th, which coincides with the market cycle low according to our Market Cycle models (based on Hurst's research).
Let me know your thoughts below, and please like the video.
- Brett