BTC - Long-term Bear SentimentAs we all know that price always moves in zigzags in the markets. Price now has to take out the 68 430 high then progress to my 68 600 region. Once price is there we can then expect a fall.
Remember, PATIENCE IS KEY!!
Bitcoinprice
Likely heading to 60-days cycle low We’re currently on day 43 of the 60-day cycle 📅, which means it’s typically not a great time to jump into the market (based on past data) ⚠️.
The 1-day Cycle indicator is sitting at 85 📊, and while the 1-week cycle (red line) is still growing, we’re due for a reversal soon 🔄.
We’ll likely drop into the 60-day cycle low shortly ⏬.
Is Bitcoin's Breakout from Accumulation Channel a Sign of FurtheBitcoin, the world's largest cryptocurrency, has recently surged past the $68,000 mark, setting a new local high and confirming its bullish uptrend. This significant breakout has ignited excitement among analysts and investors, who are closely monitoring the cryptocurrency's next moves. As Bitcoin continues its ascent, many are speculating about the potential for further gains and the factors driving this momentum.
One of the key factors contributing to Bitcoin's recent price surge is its breakout from a long-term accumulation channel. This technical pattern, which has persisted for over seven months, indicates a period of consolidation and accumulation before a potential price increase. By breaking out of this channel, Bitcoin has signaled a shift in market sentiment and a renewed bullish momentum.
Analysts and experts are closely examining various indicators to gauge the strength of Bitcoin's uptrend and identify potential resistance levels. The Relative Strength Index (RSI), a momentum oscillator, is currently hovering near overbought levels, suggesting that a short-term pullback may be necessary to consolidate gains before further upward movement. However, the overall trend remains bullish, and a break above the previous all-time high of $69,000 could signal a more extended rally.
In addition to technical analysis, fundamental factors are also playing a role in Bitcoin's price appreciation. The growing adoption of cryptocurrencies by institutional investors and corporations is driving demand for Bitcoin as a store of value and a hedge against inflation. Moreover, the increasing use of Bitcoin for payments and remittances is contributing to its mainstream acceptance.
However, it is essential to approach the current Bitcoin rally with caution. The cryptocurrency market is highly volatile, and prices can experience significant fluctuations. While the long-term outlook for Bitcoin remains positive, short-term corrections are a common occurrence. Investors should be prepared for potential pullbacks and have a well-defined risk management strategy in place.
As Bitcoin continues its upward trajectory, several key factors will likely influence its future price movement. The regulatory landscape, particularly in the United States, will play a crucial role. Favorable regulatory developments could further fuel Bitcoin's adoption and price appreciation. Additionally, the macroeconomic environment, including interest rates and inflation, will also impact investor sentiment towards risk assets like Bitcoin.
Furthermore, the competition from other cryptocurrencies cannot be overlooked. While Bitcoin currently dominates the market, the emergence of new and innovative projects could potentially challenge its position. The development of scalable blockchain solutions and the introduction of new use cases for cryptocurrencies could impact Bitcoin's market share.
In conclusion, Bitcoin's recent breakout from a long-term accumulation channel has ignited excitement and speculation about its potential for further gains. While the overall trend remains bullish, investors should approach the current rally with caution and be mindful of potential risks. By carefully considering technical analysis, fundamental factors, and the competitive landscape, investors can make informed decisions about their Bitcoin investments.
BTC ANALYSIS After taken liquidity of buyside and shift market structure and retest breaker we will see an expansion to taken liquidity sell side
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 18, 2024Technical Analysis and Outlook:
The Bitcoin ''Interim Rebound'' rammed through our Mean Res 66300 and Inner Coin Rally 67000 and rested at our Mean Res 68500 in this week's trading session, and it is currently poised to hit Inner Coin Rally 69300. A breach of this critical price level will catalyze a movement towards the all-time prices marked as Key Res 73200 and the completed Main Inner Coin Rally 73300. However, on the downside, the interim bearish sentiment may lead to a decline in the coin's price value to the Mean Support level of 66800 and possibly the Mean Support of 65300. Only then will the primary recovery and advancement into the subsequent phase of the bullish movement be realized.
BTC two risky signalshello guys!
i think btc broke the trendline and we can rely on a short position until the blue area!
and the blue area is a potential area to get a long position I believe!
both of these positions are risky! manage your risk, please!
short if you dear! _ BTC BearsHad this line draw up for a few weeks.. Let's see what happens from here.
Short if you dear.
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.
I AM NOT FEELING GOOD ABOUT THIS!On the daily timeframe, BTC is showing signs of rejection. If this rejection plays out, be prepared to see BTC drop to $62k, where the 100 EMA provides support. The RSI indicates weak momentum and will likely reach the oversold zone.
The only way we could see a positive move is if BTC breaks out and closes above $68k on the daily chart, which could then target the all-time high range. Until then, a bearish scenario is likely.
Please make sure to do your own research and analysis before making any decisions.
Trade safely.
BTC/USDT Reentry: Filling the Large Sell Orders Around 70KAfter being spiked out in the previous BTC setup, I decided to reenter the trade, and so far, the market is moving in our favor. An important observation is the presence of large sell orders around the 70K level, which suggests the price might first need to revisit this area before we see any major continuation. It’s unlikely for BTC to make a deep retrace to 50K before filling these orders.
Technical Analysis:
• BTC has shown signs of retracing into a key Fibonacci zone while still respecting the bullish structure.
• The FibCloud indicator confirms that price is holding above key support levels, and we may see a continuation if momentum maintains.
• The volume is increasing, particularly around the 70K zone, showing that buyers and sellers are locking in this range for potential price action.
Risk Management:
• Given the volatility of BTC and the presence of large orders, I’m keeping a close watch on the 70K level.
• Stops have been placed below the key Fib levels to minimize potential losses if the price reverses sharply.
• If the price hits this level without major bullish pressure, I may look to exit or adjust my position.
While our bias remains valid, spikes like the one that triggered our previous stop loss are typical in such markets. The goal here is not to label this trade as good or bad but to demonstrate that staying calm and managing risk is crucial. The market’s conditions constantly shift, and how we adapt to these changes defines our trading success.
Both sides can make money in this game—the key is how we handle it. Don’t forget to trust yourself and adjust according to the market’s signals. How are you handling your trade setups this week?
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Mt. Gox Delays Repayment Deadline, Bitcoin RalliesMarket Update - October 18, 2024
Mt. Gox has delayed its bitcoin repayment deadline by a year: This delay is viewed as a greenshoot for bitcoin prices, with traders arguing it reduces selling pressure on the broader market. The price of bitcoin was just short of $67,000 by Thursday afternoon.
US spot bitcoin ETFs saw notable net inflows of more than $555 million on Monday, the highest since June: Spot ether ETFs also saw $17 million in inflows, continuing positive momentum for both investment vehicles.
Coinbase is pursuing partial summary judgment to obtain SEC documents about crypto regulation: The regulator has previously delayed in responding to a Freedom of Information request made by the exchange over the same issue.
US spot bitcoin ETFs saw $18.66 million in net outflows on Tuesday, led by Fidelity’s FBTC, which recorded $48.82 million in withdrawals: BlackRock’s IBIT was the only ETF to see inflows, with $39.57 million entering the fund.
Monochrome will introduce Australia's first spot ETH ETF on Tuesday, following on from the launch of its spot Bitcoin ETF in August: Notably, the Monochrome ether ETF will allow both cash and in-kind redemptions, which could garner interest from institutional investors.
🌶️ Topic of the Week: Chiliz (CHZ): Bringing Blockchain and Crypto to Sports Fandom
👉 Read more here
BTC TreysBTC to 33k for various reasons.
1. Since the beginning of Bitcoin, historical data shows BTC does yearly ATH and ATL's. What's interesting the pattern; every year since 2011 we have seen a correction of 60%-80% retracement from the ATH (followed by exponential gains) with the exception of 2024 which we have only seen a 20% retracement. 60-80% retracement for 2024 should put us at (BTC) 15k-30k.
2. Supreme Court grants US Government permission to sell (auction) 69k worth of BTC from Silk Road Case after legal win. Even if they do not sell, this will create a panic and fear and cause others to short therefore helping the price reach our target.
3. Monthly timeframe:
we can see ineverted head and shoulder pattern at the bottom between 2022 and 2024 never retested. This is the key to our target as it is slightly above the 60% retracement from last ATH.
BTC falling is also supported by the rejection/resistance on the Monthly supply zone which never broke and actually held pretty well.
Pattern wise I can see a double top pretty much formed, closing above neckline and retesting the high (bull trap) so in my books this is ready for a sell.
Candle wise we had a bearish engulfing followed by the retest of the high I just spoke about. However price failed to close above; still bearish.
4. Weekly timeframe:
Pattern - clear bearish pattern anyway you want to look at it; triple top, head and shoulder or double top.
Candle - beautiful price action, same as monthly with a bearish engulfing and retest of the high eventually closing under the neckline of bearish engulfing pattern.
SPOILER:
Bitcoin BTC price movement by the end of October The CRYPTOCAP:BTC price is at the final stage of a six-month correctional consolidation.
In the next few days, the correction of the OKX:BTCUSDT price to $61000 may become the lowest point where most shorts will need to be closed, as well as the point for a set of longs, as they say “to a full cutlet”
And if everything goes well, then by the end of October, there is a good chance to see the price of #Bitcoin at $68300-69700
And what about altcoins, you ask? They should also be fine, at least BTC.D and USDT.D hint at this.
Write in the comments an altcoin that interests you, and we will analyze it and publish it here
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
#Bitcoin $BTC Logarithmic Regression InversionMy timing was off on my original idea, but this seems to be playing mostly according to plan!
Original Idea:
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
Q4 2024 is the start of $BTC Mega Bull Season!#Bitcoin major corrections are behind us.
#BTC we are at the beginning of the mega bull phase and the movements will get tougher with 2025 Q1!
BTC Testing $68K Resistance: Breakout or Pullback?Current Situation
The Bitcoin price is testing the current resistance around $68,000 after a significant upward movement. The price is holding above all the key moving averages (EMA21, EMA50, and EMA200), signaling strength in the market. However, momentum indicators like the Stochastic RSI are showing oversold conditions, which could mean a pullback or consolidation is coming.
Scenario 1: Bullish Continuation
- If BTC manages to break above the $68,000 resistance, the next target would be the resistance zone at $69,400-$70,000.
- A successful breakout could push the price higher, leading to a continuation of the bullish trend, with more potential gains.
Scenario 2: Pullback to Support
- If the price fails to break above $68,000 and shows signs of exhaustion, we may see a retracement to retest the support around $66,500 or further down to $64,700 (EMA200).
- This pullback would still be within the uptrend as long as BTC holds above the moving averages, particularly EMA200.
Conclusion:
It’s a critical moment for BTC, and both scenarios are possible depending on whether it can break through the $68,000 resistance. Keep an eye on the next few movements to determine if a breakout or retracement will occur.
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
2025 is going to be a historic year for Bitcoin and crypto4 year cycle:
The Bitcoin Halving year coincides with US Election Years
Best time to buy Altcoins:
Q4 of 2012, Q4 of 2016, Q4 of 2020, Q4 of 2024, Q4 of 2028, Q4 of 2034
Best time to sell altcoins:
2013, 2017, 2021, 2025, 2029, 2035
Best time to buy the Bitcoin historic lows:
1st of January 2015, 2019, 2023, 2027, 2031, 2037
Bitcoin Dominance BTC.D Pushing Higher Toward 60% LevelFinally some strong moves in money flow into Bitcoin.
We can see the Bitcoin Dominance BTC.D Pushing Higher Toward 60% Level.
This is a strong signal that money is flowing into Bitcoin, likely from BTC ETF's.
The biggest thing holding it back in my opinion is the DXY has been pushing higher also, but is at a resistance level, and will likely drop from here.
So we're likely close to a rally in Bitcoin, but I think we'll see a few days of retracement 1st.
Nice looking upward trajectory on BTC.D here.
Is Bitcoin's Golden Cross Signaling Parabolic Moves Ahead?Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Investing in cryptocurrencies is highly volatile and speculative, and it is essential to conduct thorough research before making any investment decisions.
Bitcoin (BTC), the pioneering cryptocurrency, has exhibited a remarkable surge in recent days, forming a bullish technical pattern known as a golden cross. This development has fueled optimism among analysts, who are predicting parabolic price movements shortly.
Bitcoin's price has consistently climbed over the past three days, reaching its highest point since July 29th. This robust uptrend has propelled the cryptocurrency to retest the psychologically significant level of $68,000, marking a substantial increase of nearly 40% from its August low.
The Golden Cross: A Bullish Signal
The formation of a golden cross occurs when a short-term moving average (SMA) crosses above a long-term SMA. This technical pattern is widely regarded as a bullish signal, suggesting that the underlying asset is experiencing a reversal from a downtrend to an uptrend.
In Bitcoin's case, the golden cross was formed when the 50-day SMA crossed above the 200-day SMA. This indicates that the cryptocurrency's short-term momentum has turned positive, potentially signaling a sustained uptrend.
Analysts Forecast Parabolic Moves
Encouraged by the golden cross and Bitcoin's recent price performance, analysts are expressing bullish sentiment and predicting parabolic price movements. Parabolic moves refer to rapid and exponential price increases, often characterized by a steep upward curve.
Several factors are contributing to this optimistic outlook:
• Institutional Adoption: The growing interest and adoption of Bitcoin by institutional investors, such as corporations and hedge funds, are seen as a significant catalyst for price appreciation.
• Macroeconomic Factors: The ongoing uncertainty surrounding global economic conditions and inflationary pressures is driving investors towards safe-haven assets like Bitcoin.
• Technical Indicators: In addition to the golden cross, other technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are also signaling bullish momentum.
Breaking Above the Falling Wedge
Bitcoin's price action has also been supported by a breakout above a descending falling wedge pattern on the daily chart. This technical formation suggests that a bullish reversal is underway, further bolstering the case for higher prices.
However, it's important to note that while Bitcoin has reached a new high, it has yet to close a daily candle above the resistance level of the falling wedge. A successful close above this level would confirm the breakout and increase the likelihood of further upward movement.
Conclusion
The formation of a golden cross and the breakout above a falling wedge pattern have ignited bullish sentiment surrounding Bitcoin. Analysts are predicting parabolic price movements as institutional adoption, macroeconomic factors, and technical indicators all point towards a sustained uptrend.
While the cryptocurrency's future remains uncertain, the current technical landscape suggests that Bitcoin is well-positioned for a significant price increase. However, it's crucial to approach investing in cryptocurrencies with caution and be aware of the inherent risks involved.
Bitcoin could go parabolic very soon!Hello Tradingview community!
As always: If this pattern I'm showcasing doesn't work as predicted..
then please don't come crying to me (ty) -> NFA DYOR
I got 2 scenarios that's considered BULLISH clearly..
Yellow line: Breakout now and retest the channel for higher prices later on
White line: Have some corrective price action now and breakout a bit later
Always a chance none of these scenarios works.. But we shall see!
BOOST and follow for more charts
NFA DYOR <----
