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Bitcoin targets 70K! - #BTC AnalysisBitcoin and risk assets have been looking great lately. I believe the upward momentum will continue in the upcoming weeks. The golden bull run is coming for crypto, in my opinion. Current state: I believe we tested diagonal resistance and were rejected there (possibly taking profits from those who bought at the bottom). I would expect a retracement to the 'Long Zone' marked on the chart. The retracement may potentially take a bit longer and might create a range for a couple of days. However, after the retracement, I do expect to see 70K being smashed rapidly.
Long
by UA_CAPITAL
Bitcoin Parabolic Bull Run with the Latest 200-Day MA CrossAfter a brief dip below the $60,000 mark on October 10, Bitcoin (BTC) has regained momentum, inching closer to its all-time high (ATH) of $73,700, reached in March of this year. This price recovery follows considerable volatility experienced by the largest cryptocurrency on the market throughout the year, with significant price swings, including sharp falls of almost 20% on 5 August and 6 September. The 200-Day Moving Average (MA) A key indicator to watch for Bitcoin is the 200-Day Moving Average (MA). This technical analysis tool represents the average closing price of Bitcoin over the past 200 days. When the price of Bitcoin crosses above this long-term moving average, it often signals a bullish trend reversal. Historical Significance Interestingly, the last three times Bitcoin's price crossed above the 200-Day MA, it triggered a "parabolic bull run." This refers to a period of rapid and sustained price increases, characterized by a parabolic curve on the price chart. The first instance occurred in 2016, when Bitcoin's price surged from around $400 to over $20,000 within a year. The second instance took place in 2019, with the price climbing from roughly $3,000 to nearly $14,000 in a similar timeframe. Most recently, in 2021, Bitcoin's price soared from approximately $29,000 to its ATH of $73,700. Current Outlook Given the historical significance of the 200-Day MA crossings and the recent price recovery, many analysts are closely watching Bitcoin's price action in anticipation of a potential breakout. If Bitcoin successfully breaks above its ATH, it could signal the start of a new parabolic bull run, potentially leading to even higher price targets. However, it's important to note that the cryptocurrency market remains highly volatile, and past performance is not indicative of future results. Several factors could impact Bitcoin's price trajectory, including regulatory developments, macroeconomic conditions, and investor sentiment. Key Considerations As investors evaluate the potential for a Bitcoin breakout, they should consider the following factors: • Regulatory Environment: The regulatory landscape for cryptocurrencies varies across different jurisdictions. Favorable regulatory developments can boost investor confidence and drive price appreciation, while unfavorable regulations can create headwinds. • Macroeconomic Factors: Global economic conditions, such as interest rates, inflation, and geopolitical events, can influence the overall market sentiment and impact the demand for risk assets like Bitcoin. • Investor Sentiment: The prevailing sentiment among investors towards Bitcoin plays a crucial role in determining its price direction. Positive sentiment can fuel buying pressure, while negative sentiment can lead to selling pressure. • Technical Analysis: Technical indicators, such as moving averages, relative strength index (RSI), and support and resistance levels, can provide valuable insights into Bitcoin's price trends and potential future movements. Conclusion Bitcoin's price action is approaching a critical juncture, with the potential to break above its all-time high. The historical significance of the 200-Day MA crossings and the recent price recovery have fueled speculation about a new parabolic bull run. However, investors should remain cautious and conduct thorough research before making any investment decisions. The cryptocurrency market is subject to significant volatility, and it's essential to consider the various factors that could impact Bitcoin's price trajectory.
BITSTAMP:BTCUSD
by bryandowningqln
Bitcoin: Breakout and MA Crossover Signal Bullish MomentumBitcoin increased over 5% in 24 hours, triggering two bullish indicators: Descending Channel Breakout: BTC broke out of the channel, signaling a potential trend reversal. This breakout suggests that the previous downward trend might be ending, paving the way for upward movement. 200 MA Crossover: The price has crossed above the 200-day moving average, a key indicator of bullish momentum. This crossover often attracts more buyers, reinforcing the positive sentiment in the market. Is BTC heading toward the $73,000 resistance?
BITSTAMP:BTCUSDLong
by HenriqueCentieiro
2
WYCKOFF - A BITCOIN MOVE!I've been implementing this macro pattern in my trading activity even before 2023 started, due to the Tritch Matrix, a cycle theory of investment proposed by George Tritch. The theory suggests that it's time to purchase assets at the beginning of a new cycle, which is predicted to peak in 2026. With this understanding, investing in Bitcoin seemed to be the optimal strategy considering its past performance trend. Currently, we can observe the perfect unfolding of this pattern and can identify our existing position. Moreover, it's important to be aware of the recent manipulation tactics often employed by the media to affect markets, particularly retail, nudging them into providing liquidity, also referred to as 'Dumb money.' Don't get caught out - have a plan and stick to it!
COINBASE:BTCUSDLong
by TraderE9
Bitcoin - Fakeout? MUST WATCH !!A recent surge in the price of BTC is sparking hope for that final impulse wave UP I've been talking about. However, there's a catch - one KEY thing will need to happen in order to convince me this is not just a fakeout, aimed at liquidating shorts. The previous BTC update was focused on two scenarios, with the GREEN showing a possibility of realizing: Reclaiming the moving averages in the daily is a good sign - but again, we've been falling under-and-over for the last few weeks, unable to stay above the 200d MA for longer than a few days: ___________________________ BINANCE:BTCUSDT
by CryptoCheck-
13
Bitcoin rally at risk?The Bitcoin rally has been facing trouble of late as it’s been struggling to move above $66k. However, the last 24 hours showed better signs. As per CoinMarketCap, the coin’s price increased by more than 1.5%. At press time, Bitcoin was trading at $63,896.05. The latest price hike has pushed 48.9 million BTC addresses in profit, which accounted for 91% of the total number of BTC addresses. But BTC’s troubles are not over yet, as there were chances of the Bitcoin rally ending. Ali, a popular crypto analyst, posted a tweet revealing an interesting development. As per the tweet, BTC’s price was moving inside a channel. The bad news was that the coin had already faced rejection three times when it approached the resistance of the pattern. Therefore, it indicated that this recently gained bullish momentum might not last. So, AMBCrypto planned to dig deeper. As per Glassnode’s data, a metric suggested a halt to the Bitcoin rally. We found that the king coin’s NVT ratio increased. Whenever the metric rises, it indicates that an asset is overvalued, hinting at a price correction. The coin's long/short ratio also dropped. This meant that there were more short positions in the market than long positions. A rise in the number of short positions can be interpreted as a bearish signal. However, not everything was in the bears’ favor. For example, BTC’s exchange reserve was dropping, according to CryptoQuant. A decline in this metric means that buying pressure was rising, which often results in price hikes. On the chart, the technical indicators looked pretty bearish. BTC’s MACD displayed a bearish advantage in the market. Additionally, the coin’s Chaikin Money Flow (CMF) also registered a downtick, hinting at a price drop. If that happens, then the Bitcoin rally might end and the coin could drop to $60k again. Nonetheless, in case of a continued price rise, BTC might test its resistance at $65.4k again.
Short
by paul_endeo
Bitcoin Bear Trap: A Historical Pattern Suggests a Rally Ahead!BTCUSDT technical analysis update. The Puell Multiple is a metric that compares the daily issuance of Bitcoin (in USD) to the 365-day moving average of that same issuance. When the Puell Multiple is low, it often indicates that Bitcoin is undervalued, signaling a potential accumulation phase or a bear trap. Conversely, a high Puell Multiple suggests overvaluation, often preceding market corrections. Currently, the Puell Multiple shows that Bitcoin is trading at levels consistent with previous bear traps in its market history. This pattern has appeared in the last three cycles of Bitcoin, where price action initially suggested bearish momentum before reversing sharply into a bullish trend. In the previous cycles, the Puell Multiple signaled bear traps, allowing traders to identify key accumulation points. Following these signals, Bitcoin experienced significant bullish rallies, highlighting the indicator's reliability. With the current Puell Multiple levels indicating a bear trap, we could be on the brink of a bullish rally in the coming days. Regards Hexa
Long
by HexaTrades
I'm light years away from everyone this was said September 30th On September 30th I posted that the last panic sale for bitcoin was a healthy pull-back and that it's just a panic sale People trolled me for that because they aren't traders they are gamblers And I've posted multiple time after that(check my profile) borderline begging people to buy Bitcoin for easy profit at least 5% now we are at more than 7% in 3 days Now is your chance buy as much as you can and follow to get the perfect exit point
Long
by thebitcoin_trader
2
Bitcoin is entering dangerous territoryBitcoin just hit 80 on the 1W (Weekly) cycle and is gearing up for one final push before a 1-1.5 month bearish phase. If reading that sentence made your face go pale, and you're pretending to follow along but don’t fully understand the market right now – this edition is for you. Making money in crypto isn’t rocket science if you follow cycles. Buy near cycle lows, sell near cycle highs (the hard part). The challenge is identifying those lows and highs. If this plays out in the current cycle, Bitcoin’s price movement would look something like this: The truth is, predicting the height of the next cycle is never simple. We’re currently on Day 36 of the 60-day cycle, and we’re still below the mid-cycle high. Typically, this signals a bearish cycle, so we shouldn’t expect new highs until the next cycle low in early November (which means don’t rush to buy now!). Alternatively, there’s a higher probability we’re in a left-translated daily cycle and on the verge of a downside reversal. A left-translated cycle would look like this: I know, I know, you don’t like hearing that there are two potential scenarios without a clear short-term trend. But that’s exactly when you need to stay out of the market. That’s exactly when you protect your capital and avoid jumping into trades just because you "feel" like it. Now, take a look at what my 1D, 3D, and 1W Cycle indicators are showing: My cycle indicators are telling the same story – patience! The 1D Indicator just reversed and looks like it’s targeting the 80s, suggesting a short-term uptrend. Meanwhile, the 3D Indicator just dipped below 20, which is intriguing. The 1W Cycle Indicator is pushing above 80, signaling danger ahead – Bitcoin is nearing its 1W cycle top, but we could still see one final push upwards. I’ve even added a Wavetrend Oscillator, which complements my Cycle theory well. It’s currently at 0 – a neutral zone. When will I be ready to re-enter the market? I’ll wait until the 1D Indicator drops back to the 20s. By then, the 3D Indicator should be heading up, offering a great opportunity to catch the next pump. For now, stay safe, protect your capital in cold storage (or a Web3 wallet), and avoid overtrading!
BITSTAMP:BTCUSDLong
by TheStrategyMaster
BTCUSD Shortas Israel and Iran War is on heads so due to undone Retaliatory decision of I-S-R-A-E-L BTC is stuck in a range but technically i am seeing a drop in the price of BTCUSD as BTC can fall to its daily Support level On Weekly to Daily its in Bullish but in H4 to H1 it seems to be Bearish so i am bearish on current moment if Geopolitical tension overcomes to increases we can any unexpected move on the pair but still we are Bearish over the pair to its Daily support level
Short
by Wakeel_Saab
Gold and BTC correlationWe can compare many charts trying to find what we want to see! That's why I don't like patterns and correlations between assets! As we can see in the example of SPX and Bitcoin, sometimes they correlate and sometimes they go in completely different directions! We can't compare the world in 2008 and the world in 2024, there were so many geopolitical, political, natural, medical events and many other things that change the world every year! That's why I'm for analyzing the current situation in the world! I'm more than sure that in 2034 people will try to find some patterns comparing 2034 with 2024 and they will find what they are looking for! Whoever wants to see bearish patterns will find a hundred confirmations for the coming fall, whoever is waiting for growth will find a hundred confirmations for growth! And they will all look logical! For comparison Gold and Bitcoin monthly charts! 2 times in the entire history of Bitcoin, when gold set its historical maximum and began to correct in 2011, Bitcoin needed 19 months to form a new historical maximum, rising from 4.30 to 1177 The second time this happened in August 2020, gold set a new maximum and went into correction, Bitcoin needed 8 months from August 2020 to set a new historical maximum from 10600 to 64800! Therefore, if you need to find positive in the market, you will find it, if you sit outside the market and wait for a correction and the price is cheaper, you will find negative! But it is better to just be in the moment Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
BNC:BLX
by Crypto4light
1
Bitcoin(BTC) Near Key Resistance- Breakout or Pullback Ahead ??Bitcoin is approaching a critical resistance level at $65,420. 🚀 If BTC breaks through, we could see a push toward the next major target at $70,037. However, if it gets rejected, we might head back down to the support zones near $60,258 or even lower toward $57,315. 📉 Both bulls and bears should stay on high alert—this is a pivotal moment for BTC! Whether you’re looking for a breakout or preparing for a pullback, this chart is loaded with opportunities. Get ready to make your move! 💥 Trade what you see MB Trader
BITSTAMP:BTCUSD
by Mindbloome-Trading
BtcUsdt H4 technical analysisEntry Criteria: Price Action: Buy if price breaks above $63,100 and confirms the break of the trendline (confirm with strong bullish momentum or high volume). Sell if price rejects $63,100 level and fails to break the trendline (sign of bearish reversal or resistance). Target Levels: Buy Target: First Target: $65,430 Sell Target: First Target: $60,105 This setup involves using key levels and trendline confirmation for entry, ensuring you have well-defined risk management with stop-loss levels to protect your position. Adjust your targets and stop-loss levels based on your risk tolerance and market volatility.
by Yforex123