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Bitcoinprediction

Bitcoin BTC price sets the mood of the crypto marketThe Oc Uptober fest did not go well on the crypto market - sadness, pain, and the red color reigned supreme. But is it really that bad, let's find out. OKX:BTCUSDT price has dropped to $60k and the middle of the channel, where the price has been consolidating for more than 7 months. And although we have set $57k per CRYPTOCAP:BTC as a critical level for ourselves, but maybe we don't need to go there anymore ?) It's better to use 1-2 large green daily candles up to GETTEX:64K per #Bitcoin. Unfortunately, we don't control the market) 🟢 BTC.D - 58.17% 🟢 USDT.D - 5.82%. Both indices are slowing down their growth and trying to turn down, which may be a fresh breath of air for altcoins, but it will probably not be enough for everyone) 🔴 The Fear and Greed Index is 37 (a couple of days ago it was 61), there is already fear, but not yet critical, which is where global reversals usually come from. 🍿 We are waiting for Chinese liquidity to enter the cryptocurrency market, just a little more patience. By the way, LSE:CFX with “Chinese roots” has held up quite well in recent days, it is worth keeping an eye on. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
Bitcoin / USD May Rise to 64,370 - 65,100 (READ DESCRIPTION)Bitcoin / USD May Rise to 64,370 - 65,100 Pivot Point: 61,760 – This level acts as the key pivot for price action. Trading above it signals bullish momentum, while breaking below may indicate downside risk. Primary Strategy (Our Preference): Entry Point: As long as 61,760 is support, expect the price to rise toward 64,370 and potentially 65,100. Alternative Scenario: Entry Point: If the price breaks below 61,760, consider short positions for potential downside. Target Levels: 60,550: This serves as the initial downside target. 59,820: Further bearish momentum could push Bitcoin toward this lower support level. Technical Outlook: RSI Indicator: The Relative Strength Index (RSI) is above 50, indicating bullish sentiment and supporting further upside. MACD Indicator: The MACD is positive and above its signal line, confirming the potential for further gains. Moving Averages: Bitcoin is trading above both its 20-period and 50-period moving averages (respectively at 62,441 and 62,143), signaling ongoing short-term strength. Comment: The RSI and MACD both indicate a bullish configuration. As long as the price remains above the 61,760 pivot point, further upside toward 64,370 and 65,100 is expected.
MARKETSCOM:BITCOIN
by CharivapaAlgo
BITCOIN after the FOBO ! ( FAKEOUT BREAKOUT) BITCOIN, after the FAKEOUT BREAKOUT, has re-entered the bearish channel that we’ve been monitoring for several months. This was a false breakout, which left many of us hopeful for a bullish market, but it turned out to be the opposite! But no worries, we must wait. The important thing here is that, within the bear market we saw last week, the price bounced off a very important and key zone that we’ve been tracking for several months. This purple zone is what I call my inefficiency zone, which I also consider one of the strongest areas where Bitcoin has previously made strong impulses. The only thing we should consider here is that Bitcoin will likely try to break the channel again. We can’t do anything until the price is on the other side of the channel. It’s that simple! Don’t try to enter right now because the price could pull back. Always pay attention to the immediate structure being presented and WAIT! We already have confirmation that the price has bounced within our inefficiency zone. Now, we just wait for the breakout, so patience is key! That’s my advice for this week. Best regards, and thank you for supporting my analysis.
COINBASE:BTCUSDLong
by RocketMike111
BTCUSD Reverses from Major Resistance, Downtrend ExpectedBTCUSD has been trading in a well-established downtrend channel over the past few weeks. Recently, it hit a major resistance level and is now showing signs of a reversal to the downside. Key Resistance Break: The price action indicates that BTCUSD is failing to break through the resistance level, signaling a potential continuation of the downtrend in the upcoming sessions. Potential Target: Looking ahead to next week, we anticipate that BTCUSD may resume its downward trajectory and could potentially touch the 55,000 mark if the bearish momentum continues. RSI Momentum Shift: Multiple RSI lines have shifted downward, confirming the weakening momentum and supporting the likelihood of further downside movement. Conclusion: Traders should watch for confirmation of the downtrend as BTCUSD moves further from resistance. The technical indicators, particularly RSI, suggest that the market remains bearish in the near term. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk, and you should conduct your own research or consult with a licensed financial advisor before making any investment decisions.
BITSTAMP:BTCUSDShort
by Sudhir-Sirohi
(BTC) October predictions - BEAR & BULLHello Tradingview community! As always: If these patterns I'm showcasing doesn't work as predicted.. then please don't come crying to me (ty) -> NFA DYOR Alright.. the chart explains itself as you can see We got 2 scenarios/targets for October: Bull targets-> 66k-70k Bear targets-> 52k-46k I do find it more likely to go up than down.. Why? Well Q4 in a bull market is usually heavy green and especially towards a presidential election Anyway, Keep in mind this is only an idea/prediction that could easily be wrong in many ways. I will update this post in the future! BOOST if you like it and follow for more NFA DYOR <<<<-----
by RandomTAdude
1
Bitcoin's local perspective 30.09.24The nearest movement on BTC is now being described by the AMEXP model on the hourly timeframe, where we have two key target zones for the price: at least $62,027-$61,718 and if the impulse will be strong, it will be $59,893-$59,447. After reaching these zones, we can expect a rebound to at least ~$64,000 and as a variant of scenario - an attempt to update the high, but frankly, it is too early to talk about it. In the specified range of $62,027-$59,447 we will try to find a long with the aim to catch at least a rebound. Let's specify that the position will probably be a small size, as there are high risks of not stopping in the mentioned area.
INDEX:BTCUSD
by TSFC
Uptober Delayed?One often-shared myth among crypto traders is that of 'Uptober'. After a slow summer, markets tend to pick up in October. This is somewhat based on historical data. October is the third-best best performing month for crypto assets after November and April going all the way back to 2012. Expectations for this current October are set high after the long-awaited Federal Reserve rate cuts finally materialized. And indeed, Bitcoin's price had started slowly climbing from early September onwards. The scene was set for an acceleration during 'Uptober'. But as we know, reality rarely follows a trader's playbook. Escalating conflict in the Middle East has started to push up the price of crude oil. This throws additional uncertainty over what could be a worsening economic outlook, just ahead of a crucial American election. The number of unknowns is rising, and Bitcoin's price action continues to prove that it is still far from being seen as a 'risk-off' asset comparable to gold. As Bitcoin's price predictably retreated, Gold rallied. The BTC-Gold flippening is clearly a long way off. However, it is not all doom and gloom. Bitcoin recorded both a higher low in early September compared to the previous August low and a higher high compared to one month ago. Also, the impact of rate cuts is only slowly starting to impact markets. The rate cuts will certainly benefit Decentralized Finance (DeFi) protocols who will once again be able to compete with their higher yields against now lower-yielding, but far more secure Government bonds. The mood in markets has slightly shifted away from the misery that many participants felt earlier in the summer. The launch of the much-anticipated Eigenlayer token has so far played out better than some had expected. A slow renaissance of DeFi tokens is starting to register. And even a hippo-themed Memecoin rallied to $300m market cap in 2 days before retracing. Bullish traders continue to test the waters. Earlier in the year, the bulls had exhausted their buying power when the market rally fizzled out. Now it might be the bears who have nothing left to sell. Maybe not all hope is lost for an Uptober rally after all.
by Coinrule
BITCOIN ONCE MORE ON THE RISE!!Hello and welcome back friends i have some exciting cooks for the next crypto PUSH of 2025. Bitcoin is looking great despite the world events which is nothing more than a reason to set up bitcoin for its spring to the upside. After a war there's always profits once it resolves. Indicator (1). Donald T. Speculation if he wins it will push crypto, he is pushing a crypto narrative and wants to make the USA a BTC/Crypto Hub. Indicator (2). Banks are having innovation coming in 1-2 years through company SWIFT for adaptation of Digital Currency. Indicator (3). XRP just received greenlight for adaptation as one of DUBAI's currencies. Check your own facts so that you can correlate to this post as ive done my research to. Its just funny, as well as interesting to notice how the chart TELLS US where the market will go, and then the world events make it happen. Absolutely amazing to have conviction through these markets at these very moments we are in a bearish dip for BETTER BUYS. This baby will continue to pump thorugh 2025. Now..... For the Analaysis haha. As we can see from the chart BTC seems to have a strong floor here at the 60,000 Price range. i have it marked up by a green textile box that price has a great level of support and resistance if you notice to the left. Currently sitting on the 0.236 of our Fibbs from a swing low to swing high out look, and as the jingle goes from low to high we're looking for buys at key levels of the fibb. If she decides to dump a little further for reasons of war & fear, but as stated earlier thats actually a good thing for a higher push in economies. Black swan events despite being unfortunate bring prosperity in goods overtime. This level would be the 0.382 or price at 51,500 of BTC. this will be another VERY strong floor for BTC to quickly recover from notice the wick Monday 5 Aug. We're in for some Bullish runs team Lots of love keep yourselves well and DCA through this crypto market build your portfolios and HODL for 2025.
BITSTAMP:BTCUSDLong
by IJackPips
The Bitcoin Dilemma: To Go Long or Not to Go Long?Let me share my observations on Bitcoin, starting with the obvious. On the 4-hour chart, any trader with more than a week of experience can see that Bitcoin is moving in a widening descending channel. To put it simply, the price action is forming a "trail" that fits perfectly within this channel. Over the past few days, prices have been "testing" the $60,500-$60,000 level, which suggests a potential move lower, aligning with the direction of the descending channel. Ok, fine. Meanwhile, on the CME and other major crypto exchanges, options with strike prices of $80,000 and $100,000 are being traded a lot with an expiration date in December 2024. That's a far cry from the current price, and it's anyone's guess what the future holds. Will we see a "tothemoon" or a multi-month bottom? Personally, I'm "sitting on the fence" and won't be going long until I see some confirmation on the chart.
COINBASE:BTCUSD
by ClashChartsTeam
Will BTC Reach $54k Again!Hello traders, Here's an update on BTC in 8-hour timeframe. After reaching a high of $66.5k, BTC saw a 10% rejection. Currently, it is trading below the 100 EMA, and unless BTC breaks and closes above the 100 EMA, the bearish trend will likely continue. It will be interesting to see whether BTC makes a comeback or rejects further down to $54k. The RSI is nearing the oversold zone, which could signal a rebound, but let’s remain cautious. As seen in the chart, the RSI was previously near the oversold zone, leading to a rebound, but it eventually dropped by 14%. The only way this drop will be invalidated is if BTC breaks above the 100 EMA. Let’s hope for the best and stay cautious. Not financial advice.
by Dexter_The_Trader
BTC Wyckoff accumulation Schematic 2 - Moving as planned!BTC Update: So since my analysis on BTC, price has delivered beautifully and exactly as anticipated from the forecast, having took the internal highs at FWB:65K and into HTF supply from the prior weekly bearish leg and we had the bearish reaction from this area. Price has pushed back into the daily range with a lovely bearish reaction, further fuelled by the FUD news, timed pretty much perfectly to the bearish momentum and downturn in the market as we sit in this accumulation range. However im not worried regarding the news as i see it as FUD in line with my wyckoff understanding. In line with my USDT.D update also posted recently⁠, im still seeing a little downside risk in BTC and im expecting it to continue bearish and push down deeper into the levels marked up between GETTEX:59K - $52K. This level is the discount of the accumulation range and the HTF weekly range and aligns with the weekly demand range, 3D demand range and daily demand range, alongside resting SSL to target at $57,500 in this area, making a prime reversal level and key level imo. As im viewing this as a reaccumulation range, following wyckoff schematic 2 as shown, im looking at price to form a last point of support in this area and a bullish reversal to form and expand out of it as shown. This is my main idea and thesis so far as we continue to range here after the capitulation event. Now my idea could get invalidated at a later time but right now its aligning pretty perfectly alongside what im seeing on USDT.D in its distribution range and price doesn't have to take the lows again on BTC so don't be fooled into thinking it does as right now its not suggesting this and im not looking for it. Patience is needed here as we need more price action to form to work with, but overall its looking great, i aint worried and my focus remains on the range. As a result, i expect alts to continue to bleed and underperform, especially as BTC.D continues to push up into HTF supply and ETH is looking rather weak here with potential to take its lows again, which could end up being SMT divergence between ETH and BTC as it forms its bottom here over the coming weeks. With Q4 just starting, im looking for the next expansion phase in the market to begin within this quarter, alongside the US elections next month which is typically a bullish event in the market! Its all aligning in my opinion for a bullish Q4 and Q1 of 2025, we just need to have patience here and not get shaken out in this range. In addition to this China has started quantitive easing and their market has went on a massive bullish run the last week, with the US also easing up on interest rates cutting them by half a point, leaving investors able to acquire debt at a cheaper rate which typically fuels further bullish momentum in the market, as the M2 money supply increases too which i will delve into in another post. Essentially as global money supply increases, money markets tend to also increase and ill break down this relationship in some other charts to show you just how correlated this is as its very interesting stuff. The technicals are aligning with the macros and i think its shaping up to be a great Q4 and Q1 of 2025! Dont be fooled by the first bearish tones to Q4, think of the monthly candle in terms of the PO3 Power of three formation, we have started the new monthly candle, forming the downside wick before the true expansion to the upside begins!
BITSTAMP:BTCUSD
by marshyyy
#BITCOIN is fine, Don't panic!Bitcoin continues to trade within a descending channel, with the current weekly candle showing a 7.17% drop, rejecting near the $65,000 resistance level. The price has entered a Weekly Fair Value Gap (FVG) between $60,000 and $62,500, where we might see some buying support. (FVG sare levels of liquidity gaps which the MMs eventually take before continuing the uptrend) Explained more in my previous BTC/USDT Chart However, a break below the invalidation level at $57,466.09 could lead to further downside towards the channel support. Bulls need to HOLD the FVG to initiate a bullish breakout. Invalidation Level: An invalidation point is marked around $57,466.09. If the price breaks below this level, the bullish scenario becomes invalid, and further downside action is likely to follow. There's also 200 MA support around the $59.8k level. This is an important level to keep an eye on! I think we will see a relief soon! NOTE:- Stop panicking! When the market pumps, everyone wants a dip, but when the dip comes, fear takes over. This is often a sign you're taking on more risk than you can afford. Stay calm and focus on Altcoins, which often bounce hard after corrections. While Crypto Twitter was expecting a green October, the market makers threw in a surprise to start the month. Expect a few days of downtrend and consolidation, followed by daily green candles. That’s my view, not financial advice! Let me know your thoughts in the comment section and do hit the like button sp it reaches more souls who need to read this! Thank you #PEACE
BINANCE:BTCUSDLong
by Cryptorphic
9
BTCUSD I 1 hr double bottom formation and long opportunityWelcome 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
BITSTAMP:BTCUSDLong
by BKTradingAcademy
12
Bitcoin Market Outlook Elliot Wave Theory (W40/2024) // AlgoFyre🔶 Short-Term Outlook (Next Few Weeks to Months) - Bullish Scenario 🟢 In the bullish case, Bitcoin is currently in the third wave of an Elliot Wave structure, which typically signals a strong upward movement. Over the next few weeks, this wave could drive Bitcoin’s price to targets between $120k and $140k, based on Fibonacci extensions. 🟢 For this scenario to play out, Bitcoin needs to break through key resistance levels and trendlines. If it does, we could see a significant and rapid rally toward the projected price targets. 🟢 In this scenario, even if Bitcoin encounters minor pullbacks or consolidations, the overall momentum would remain upward. Any brief corrections would likely be seen as opportunities for further upward moves, with Bitcoin maintaining its bullish structure. 🔶 Short-Term Outlook (Next Few Weeks to Months) - Bearish Scenario 🔴 In the bearish scenario, Bitcoin could fail to break the critical resistance levels and trendlines. If Bitcoin shows weakness or rejects off these key areas, we may see a period of consolidation or a pullback instead of a rally. 🔴 In this case, Bitcoin could begin to test lower support levels, which might result in a short-term correction. If the support holds, Bitcoin could continue to range-bound between key levels, but if it breaks down, the price could head lower before finding new support. 🔴 A short-term correction could see Bitcoin retest previous lows or critical support areas. While this wouldn’t necessarily lead to a long-term bearish trend, it would delay the upward movement for the coming weeks. 🔶 Key Takeaway In the bullish scenario, Bitcoin could rally to $120k to $140k over the next few weeks to months if it breaks key resistance levels. In the bearish scenario, failure to break resistance could lead to a consolidation or short-term pullback as the price tests lower support levels before making any significant upward moves. The next few weeks will be crucial in determining whether Bitcoin follows through on its bullish momentum or takes a step back.
COINBASE:BTCUSD
by AlgoFyre