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Bitcoinprediction

Bitcoin: How to Forecast the End of a Trend.The advance from Dec 2018 seems to be tracing an impulse pattern. Wave 1 is an impulse, wave 2 is a zigzag which neatly predicts flat wave 4 by guideline of alternation. The fifth wave appears to be tracing an impulse as well; an extension. It's probable that two minute degrees have reached completion at this stage and the market appears to be tracing out the third wave. So how do you forecast the target for wave 5? One way is to use an Elliott wave channel. Connect the end of wave 2 and 4. Draw a parallel line along the top of wave 3 to project wave 5 target. It is quite common for wave 5 to end upon reaching the upper boundary line of the channel In some cases, when wave 3 is uncommonly strong, almost vertical. Draw a parallel line using the top of wave 1 instead of wave 3. From experience, it's quite advantageous to draw the two upper boundary lines.
INDEX:BTCUSDEducation
by Aquanet_Market_Forecast
BTCUSD 1H Long Trade - 1:3 RRRRRR: 1:3 SL: 67400.00 TP: 72900.00 In this trading strategy, I present a compelling opportunity for a long position on the BTCUSD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim to achieve a favorable risk-to-reward ratio of 1:3. Indicators: EMA200: The EMA200 serves as a critical indicator of the long-term trend direction. MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend. Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
COINBASE:BTCUSDLong
by panjikadar
1
#Bitcoin Daily Update!BTC/USDT Technical Analysis! 🔹 Current Price: $68,390 🔹 Strong Support: $62,433 🔹 Resistance: $73,000 BTC closed with a red daily candle at $68398 and is still trading sideways. It recently broke out of a symmetrical triangle, indicating potential upward momentum. This sideways PA is the reason why Alst are breathing green. Watch for a break above $73,000 for further gains towards $81,000. If it falls below $66,400, it may retest $62,433 level. dyor, nfa #Crypto CRYPTOCAP:BTC #bitcoinalpha Please hit the like button to support. Thank you #PEACE
Long
by Cryptorphic
1
Spotting Bitcoin Bargains: Key Price Levels for Savvy InvestorsThe ever-volatile world of Bitcoin can be daunting for investors, especially when it comes to pinpointing the right moment to buy. The $66,000 Threshold: A Potential Re-Test and Buying Zone If the price dips below the $66000 level, it could trigger a further decline, potentially reaching the lower range of its recent consolidation period. This scenario, however, presents a prime opportunity for investors to accumulate Bitcoin at a potentially discounted price. Beyond $66,000: $61,000 as Another Possible Entry Point Analysts state Bitcoin could slide further, potentially reaching $61,000. This price point could represent another significant entry point for investors seeking to add Bitcoin to their portfolios. By closely monitoring these price levels, particularly the potential support zones around $66,000 and $61,000, investors can potentially capitalize on market dips and acquire Bitcoin at a potentially lower cost. However, it's crucial to remember that these are just potential entry points, and the market can be unpredictable. Dollar-Cost Averaging (DCA): A Sensible Strategy for Volatile Markets While strategic buying based on price zones can be tempting, analysts advocates for a strategy called Dollar-Cost Averaging (DCA) during volatile periods. DCA involves investing a fixed amount of money into Bitcoin at regular intervals, regardless of the current price. This approach aims to average out the cost per Bitcoin over time, mitigating the risk of buying at a peak. DCA is a prudent strategy, especially for those new to the cryptocurrency market or those who prefer a less hands-on approach. It removes the emotional element from investing and encourages a disciplined, long-term perspective. Beyond Price Points: Additional Considerations for Bitcoin Investors While price levels are a significant factor, they shouldn't be the sole consideration when buying Bitcoin. Investors should also consider the following: • Overall market trends: Analyze the broader market sentiment and identify any potential bullish or bearish signals. • Technical analysis: Utilize technical indicators to gain insights into potential support and resistance levels. • Fundamental analysis: Evaluate the underlying factors driving the value of Bitcoin, such as adoption rate, regulations, and upcoming developments. • Risk tolerance: Be honest about your risk tolerance and invest only what you can afford to lose. The Final Word: Strategic Buying and a Long-Term Vision Strategic buying based on price zones can be a valuable tool for investors seeking to maximize their returns on Bitcoin. However, it's crucial to combine this approach with a well-rounded investment strategy that considers market trends, technical analysis, and fundamental factors. Additionally, adopting a Dollar-Cost Averaging strategy can be a sensible way to navigate volatility and build a Bitcoin position over time. Remember, Bitcoin is a highly volatile asset, and there's no guaranteed path to success. By combining strategic buying with a long-term vision and a well-defined risk management plan, investors can potentially increase their chances of profiting in the dynamic world of Bitcoin.
BITSTAMP:BTCUSDLong
by bryandowningqln
2
Mt.Gox Moves $7B BTC for Repayment Plans, Sparking BTC PlungeMt. Gox, the defunct Bitcoin exchange, has transferred over 107,000 CRYPTOCAP:BTC worth around $7 billion to an unknown address in thirteen transactions, possibly as part of a plan to repay creditors by October 31, 2024. The market reacted bearishly to these movements, with Bitcoin ( CRYPTOCAP:BTC ) dropping by 1.7% to as low as $67,680 after reaching a high of over $70,000 on Monday. The first movement of assets from Mt. Gox's cold wallets in over five years and is likely a part of a plan to distribute the assets back to creditors before October 31, 2024. CryptoQuant head of research Julio Moreno said all coins have been transferred to a new address “1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6.” Alex Thorn, head of research at Galaxy, said most of the transferred bitcoin ( CRYPTOCAP:BTC ) would be held by creditors, instead of being sold on the open market. Technically, Bitcoin ( CRYPTOCAP:BTC ) is in a consolidation zone as buyers are reacting to Mt. Gox repayments plans to the once defunct BTC Exchange. The Relative Strength Index (RSI) of 55.68 signifies CRYPTOCAP:BTC is poised for trend reversal in the long term.
BINANCE:BTCUSDLong
by DEXWireNews
BTC to break its ATH On June 12? The price of Bitcoin dropped 1.1 percent to $67,828 over the past 24 hours. Its price is now 8 percent below the all-time high reached in March, Trading View’s Bitcoin chart shows. Bitcoin is likely to break its all-time high if the upcoming May US inflation figures come in below April’s 3.4 percent, 10xResearch forecasts. “As the next CPI data release is scheduled for June 12, we expect that Bitcoin ETF inflows will likely remain strong(er) for the next two weeks. This should help lift Bitcoin to new all-time highs,” according to the crypto research firm’s daily note. Investors will have another inflation-related figure to trade on Friday, when the US personal consumption expenditures (PCE) index for May is released. The PCE index is expected to remain unchanged at 2.8 percent compared to April. According to ATTMO, both Bitcoin and Ether will profit from a bullish sun, indicating upside potential in the next 24 hours and the week ahead. Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
BITCOIN '' 4 November 2024''When Bitcoin was first introduced by the pseudonymous Satoshi Nakamoto in 2008, it generated a wide range of reactions and predictions from various sectors, including technology enthusiasts, economists, and financial experts. Here are some of the early predictions and opinions about Bitcoin: 1. **Skepticism and Dismissal**: - Many mainstream financial experts and economists were highly skeptical of Bitcoin. They saw it as a speculative bubble, similar to previous economic bubbles. For instance, economist Nouriel Roubini famously dismissed Bitcoin, predicting its eventual collapse. - Warren Buffett, a renowned investor, called Bitcoin "rat poison squared" and cautioned investors to stay away from it. 2. **Enthusiasm from Technologists**: - Among technologists and early adopters, there was significant enthusiasm. They saw Bitcoin as a revolutionary technology with the potential to disrupt the traditional financial system. The decentralized nature of Bitcoin and the underlying blockchain technology were particularly praised. - Hal Finney, a noted cryptographer, was one of the earliest supporters and received the first Bitcoin transaction from Satoshi Nakamoto. 3. **Libertarian Support**: - Bitcoin garnered considerable support from libertarians and those advocating for financial privacy and freedom. They viewed Bitcoin as a tool to circumvent government control and provide individuals with greater financial autonomy. 4. **Media Coverage**: - Early media coverage was a mix of curiosity and skepticism. Some articles highlighted the potential of Bitcoin to change the world, while others focused on its association with illicit activities due to its pseudonymous nature. 5. **Comparison to Gold**: - Some early proponents referred to Bitcoin as "digital gold," emphasizing its potential as a store of value. This comparison was made due to Bitcoin's limited supply (21 million coins) and its potential to act as a hedge against inflation and economic instability. 6. **Volatility Concerns**: - Many critics pointed to Bitcoin's extreme volatility as a major drawback, arguing that it would prevent Bitcoin from being used as a stable medium of exchange or store of value. Here are a few notable early quotes and predictions: - **Satoshi Nakamoto (2008)**: "I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party." - **Hal Finney (2009)**: "Thinking about how to reduce CO2 emissions from a widespread Bitcoin implementation." - **Paul Krugman (2013)**: "Bitcoin is evil" - reflecting his strong skepticism and belief that Bitcoin would not succeed. Despite the mixed predictions and opinions, Bitcoin has grown significantly since its inception, influencing financial markets, inspiring numerous other cryptocurrencies, and sparking widespread interest in blockchain technology.
BITSTAMP:BTCUSDLong
by TrojanBible
1
HOLDING LIKE A PRO BTCBitcoin is holdin the price above a strong daily trendline, and this is extremely bullish. In my previous weekly setup, we longed BTC around $65.000, and i think we will go up more. The black rectangle i drawed is the last step to break before the new ATH, and i think we can see a retest of it probably next week. I am not sure we will break it so fast, we will probably range in the $71.000-67.000 area for a while before another leg up. Till $65.000 hold, we are safe
Long
by SaliJournal
Bitcoin price analysis | 27.05A detailed analysis of the daily chart shows that the $72K-$74K price range has acted as a formidable resistance for bitcoin, halting several upward attempts in recent months. This range is characterized by a high level of supply, resulting in substantial selling pressure and making it a challenging barrier for BTC buyers to overcome. Bitcoin buyers have been attempting to break through this significant resistance area for several weeks. A sudden breach above this critical juncture could trigger a notable upward movement due to a significant short-squeeze event, potentially leading to a new all-time high. On the other hand, this pivotal juncture could also act as a barrier, leading to a period of sideways consolidation and minor retracements. In this scenario, the 100-day moving average at $64.7K will serve as a crucial support level in the mid-term.
Long
by paul_endeo
#Bitcoin could hit $156,000 by May 27 2025! Here's Why!!BTC is trading at %68500 as we speak. These green boxes represent the price action after #BTC halvings. We've never seen a red year after a halving. Bitcoin halvings are significant events, here are the percentages of Bitcoin's price increase one year after each halving event to date: 1. First Halving (November 28, 2012) - Price at Halving: ~$12.35 - Price 1 Year Later: ~$1,037 - Percentage Increase: ~8,296% 2. Second Halving (July 9, 2016) - Price at Halving: ~$650 - Price 1 Year Later: ~$2,520 - Percentage Increase: ~288% 3. Third Halving (May 11, 2020) - Price at Halving: ~$8,800 - Price 1 Year Later: ~$56,000 - Percentage Increase: ~536% 4. Fourth Halving (April 19, 2024) - Price at Halving:~ $65,415 - Expected Price (1 Year Later): $115,000 - $156,000 - Percentage Increase:~ 127% at $156,000! This return is decent as compared to the previous rallies. Looking at the bigger picture is crucial if you want to see significant changes in your portfolio. If you like this content, consider bookmarking it and sharing your views in the comment section. Thank you! #Bitcoin
CRYPTO:BTCUSDLong
by Cryptorphic
10
BITCOIN MAP MAY 2024 ( ### The Time Traveler's Bitcoin Bet In 2013, a user on the BitcoinTalk forum named "Luke Magnotta" posted a thread titled "I am a time-traveler from the future here to beg you to stop what you are doing." According to the post, Magnotta claimed to be from the year 2025 and described a dystopian future caused by the widespread adoption of Bitcoin. He detailed how Bitcoin had become the dominant currency, leading to severe wealth inequality. The rich controlled most of the Bitcoins, and the rest of the world lived in poverty. The post included predictions about Bitcoin's future price and warned readers about the consequences of continuing to support Bitcoin. While the story was clearly fictional and intended as satire, it captured the imaginations of many in the Bitcoin community. Some took it as a playful, creative warning about the potential risks of Bitcoin, while others saw it as an amusing piece of speculative fiction. The time traveler's post is often cited in discussions about the long-term impact of Bitcoin and serves as a humorous reminder of the imaginative and diverse perspectives within the cryptocurrency community.
COINBASE:BTCUSDLong
by TrojanBible
Bitcoin ETFs Ends The Week With 15K Bitcoin Inflow$BTC/USD experienced a positive week, up +1.9% as of London's close on Friday. The price movement on the weekly timeframe has been working between the limits of a potential bullish flag pattern since forming the all-time high of $73,845 in March. The Spot Bitcoin ETFs recorded an inflow of over 15,000 CRYPTOCAP:BTC over the past week, which scooped up more than a month's worth of new CRYPTOCAP:BTC mined and could lead to a supply shock if the robust flows continue. U.S. Spot Bitcoin ETFs snapped up more than 15,400 CRYPTOCAP:BTC last week. Michael Saylor highlighted the robust flows as the global ETF reserve neared 1 Nakamoto. This week's inflows bought Bitcoin worth more than new BTC mined over a month. The Spot Bitcoin ETF market witnessed significant investor activity over the past week, marked by consistent net inflows and notable performances from major ETFs. These ETFs clocked over 15,000 CRYPTOCAP:BTC in inflows, which significantly outpaces a month's worth of new BTC mined. The week started strong with U.S. Spot Bitcoin ETFs registering inflows of over $241 million on Monday, May 20. Grayscale's ETF GBTC saw an influx of $9.35 million despite the resignation of CEO Michael Sonnenshein, marking the fifth consecutive day of net inflows for GBTC. ARKB, managed by Ark Invest and 21Shares, attracted $68.28 million, while BlackRock's IBIT saw inflows of $66.35 million. Bitcoin ETFs maintained their positive trajectory with net inflows of $154 million on Wednesday, extending the streak to eight consecutive days. BlackRock's IBIT continued to attract significant investment with $91.95 million in inflows, while Fidelity's FBTC also performed well, registering $74.57 million in inflows. However, Grayscale's GBTC faced an outflow of $16.09 million. Michael Saylor commended the robust performance of these ETFs and the global BTC ETF market, stating that Bitcoin held by 28 Spot ETFs is approaching 1 Nakamoto, suggesting that we could soon witness 1 million BTC locked into these investment products. However, technical indicators like the Relative Strength Index (RSI) which sits at 57.45 puts CRYPTOCAP:BTC in a position of a bullish reversal as the asset is trading at $68,436.89. If the asset reaches the $75k pivot, a new All-time High of $80k is inevitable.
BINANCE:BTCUSDLong
by DEXWireNews
BITCOIN 325000$ giant cup and handle ALL trading ideas have entry point + stop loss + take profit + Risk level. hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below. Disclaimer
Long
by bullstraders7
Bitcoin Price Hits $69,000Bitcoin ( CRYPTOCAP:BTC ) price surged 10% to over $69,000 this week, sparked by various factors and increasing the odds of it breaking to $75,000. This week was marked by major crypto events such as the US House passing FIT21 for crypto regulation, the anti-CBDC bill banning the Federal Reserve from issuing CBDC, spot Ether ETFs approval, and spot Bitcoin ETF buying after outflows in earlier weeks. The crypto market sentiment has increased to 76 (extreme greed) from 70 (greed), but headwinds still persist for Bitcoin price to hit a new all-time high. Short-term, macroeconomic events such as US PCE inflation data and crypto market expiry on May 31 are primary obstacles to the ongoing Bitcoin price rally. Bitcoin ( CRYPTOCAP:BTC ) holds firm above key support level at $66K after the cooling US CPI inflation triggered a breakout in CRYPTOCAP:BTC price in mid-May. A 2-month trendline breakout this week also sparks trades for long positions. Over 65,687 BTC options of a notional value of $4.54 billion are set to expire, with a put-call ratio of 0.57. The max pain point is $65,000, indicating high odds of Bitcoin selloff after days of low trading volumes. Implied volatility (IV) witnessing significant declines across all major terms, which means volatile price movements can likely cause a pullback in BTC price. Crypto analysts are bullish on CRYPTOCAP:BTC price to hit at least $100K this year, with rate cuts by the US Fed and other central banks being the major reasons behind it. Analyst Caleb Franzen said that Bitcoin has unquestionably formed a new base, making higher lows for three weeks. Whale addresses have been the main accumulators, leading to $1.4 billion worth of CRYPTOCAP:BTC in their balances. CRYPTOCAP:BTC price jumped 1% in the past 24 hours, with the price currently trading near $69,000. The 24-hour low and high are $68,343 and $69,579, respectively. Trading volume has decreased by 50% in the last 24 hours, indicating a decline in interest among traders. Traders expect low trading volumes in the coming days due to holidays and other factors.
BINANCE:BTCUSDLong
by DEXWireNews
BTCUSD Money Heist Plan in Bullish DirectionMy Dear Robbers / Traders, This is our master plan to Heist BTCUSD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous level market Will be overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
BITSTAMP:BTCUSDLong
by Thief_Trader
Anticipating BreakthroughsBitcoin, after a period of correction, has reached its daily support level and is showing signs of forming initial support nuclei. It is expected that after a period of sideways movement in this range, Bitcoin will move towards the 69,900 resistance level. If it successfully breaks this resistance, the new target of 75,400 will be within reach. The priority is to maintain the daily support and aim for an upward reversal, thus paying attention to the key support at 67,300 and the current resistance at 69,900 is essential.
by MonoCoinSignal
BTC bullish patterns are printed BTC / USDT We can see BTC is finally starting to print bullish patterns 1st Pattern : Bull Flag This is strong bullish pattern and will be activated once we breakout the upper purple resistance line 2nd Pattern : Inverse H & S This potential pattern is still under formation If this pattern plays out ..,then BTC could revisit 65k-62k to form the second shoulder before next wild pump &breakout My view is bullish priority for BTC but the question is which scenario will playout ? are we going to make breakout directly or visit the lower levels first Best of wishes
Long
by Babenski
15
#BTC/USDT Latest Update.#Bitcoin: I've said it many times, don't get distracted by short-term price action. The price is likely to hit the $100k mark this bull run. Don't give up when opportunities arise! I'm still holding my longs on LSE:ONDO , NYSE:FET , CRYPTOCAP:DOGE , CRYPTOCAP:RNDR and $INJ. CRYPTOCAP:DYDX Stop loss hit, considering a re-entry. I will also accumulate long in $NEAR. I'll be out for the day, but if anything important comes up, I'll post from my phone. Catch you soon. Cheers! Do hit the like button if you want me to post more Altcoin Trade Setups. #PEACE
by Cryptorphic
2