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Bitcoin Important data bullrunBitcoin is showing signs of an impending bull run as critical data points align in favor of upward momentum. Institutional interest continues to grow, evidenced by increasing investments and positive sentiment from large-scale investors. On-chain metrics reveal a significant decline in the supply of Bitcoin on exchanges, suggesting that holders are preparing for long-term gains rather than short-term trades. Furthermore, network activity, including rising transaction volumes and active addresses, indicates growing adoption and user engagement. As these trends converge, Bitcoin's market dynamics point toward the potential for a strong and sustained rally in the near future.
OANDA:XAUUSDLong
by TradeAdvisory
BTC/USDT 4-Hour Chart Analysis Ascending Channel Formation !! The chart shows a distinct ascending channel, with BTC adhering to the upper resistance and lower support trendlines. The 21 EMA (yellow line) serves as a significant support level, with the price demonstrating signs of respecting it. The lower boundary of the ascending channel is closely aligned with the current price level, adding another layer of support. BTC has pulled back to the channel's lower support zone (~$95,700) after struggling to maintain a higher breakout attempt. The green arrow projection indicates a potential bullish reversal. Although volume data isn't displayed here, a rebound from this level generally requires increased buying activity to sustain a bullish momentum. Immediate Support: ~$94,000 (channel support and psychological level). Resistance Zone: ~$98,500–$100,000 (channel top and round-number resistance). A successful bounce from the support zone could drive BTC towards $98,500 and possibly retest the $100,000 resistance. A drop below the ascending channel and $94,000 could lead to further declines, targeting the $92,000–$90,000 zones. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
Long
by CryptoSanders9563
BTCUSD Bullrun: Is the Momentum Reaching Its Limit?BTCUSD's bullish rally has driven significant price appreciation, positively influencing the broader altcoin market. However, a closer look at the daily timeframe reveals critical resistance levels that may define the trend's next phase. Since 2020, BTCUSD has traded within a well-defined ascending channel. At present, the price is testing the upper boundary of this channel, a key resistance level. A decisive breakout and sustained move above this resistance could signal the continuation of the bullrun, potentially unlocking further upside. Conversely, if the resistance holds firm, the likelihood of a corrective move increases, with the next significant support level projected around $49.87K, aligning with key Fibonacci retracement levels. Traders should closely monitor price action, volume dynamics, and candlestick confirmations for further clarity. Maintaining disciplined risk management is essential as BTCUSD navigates this critical inflection point in its broader bullish structure.
BITSTAMP:BTCUSDShort
by AzrulAzir
Total Market Cap 2 and Total 3 + USDT.D Market WarningsIn this video, I briefly review the USDT.T bear market signals I covered in a recent video below. But also noticing that Total 2, Total 3 and also the OTHERS are either hitting or very close to hitting their all time highs from the prior market cycle in 2021, which was the start of the Bear. I do think we see more profit taking Monday afternoon into Tuesday through Thursday which is projected Dec 5th market cycle low from a cycles perspective. Notice how the alts have been flying the last few days, and this weekend -- setting us up for major profit taking tomorrow and to fool all the new crypt tourists into buying the highs. Protection capital here IMO and wait to buy back lower. Let me know your thoughts, and please like the video if you found value. - Brett PS> My other Bear Market indicator fired today when I went out for Italian at my favorite local restuarant (sneaking in right at closing time as usual b/c I work 14 hour days)... and the bus-boy saw my Bitcoin hat -- and starting giving me crypto tips! This is like the 'Taxi Cab' indicator of 1999, when the cabbie started giving me stock recommendations ... I had a feeling the top was in!
CRYPTOCAP:USDT.DShort
by BrettFogle
1
Orange Breaks, We Fly. Blue Falls, We Dive. The chart highlights two critical regions, each playing a pivotal role in determining the next trend direction for IBIT Bitcoin shares: Orange Box - Key Resistance Zone The orange box represents a crucial resistance area. For the rally to sustain momentum and push higher, this region must be decisively broken and secured. A close above this level, coupled with strong volume, would indicate the bulls are in control, signaling a potential continuation of the upward trend. Blue Box - Key Support Zone The blue box acts as a significant support level. Should the price fall below this zone, it would suggest weakness in the market. A confirmed breakdown, followed by a retest of the orange box from below, provides an opportunity to take a short position, as this would signal the onset of a downtrend. Conclusion: These zones are pivotal for the current market structure. Traders should closely monitor price action around these levels to identify whether the market leans towards bullish continuation or bearish reversal.
NASDAQ:IBIT
by XU99
Bitcoin: The Crypto Rally Isn’t Over—Are You Ready for the Next Bitcoin: The Crypto Rally Isn’t Over—Are You Ready for the Next Leg? Bitcoin has been leading the charge in the recent crypto rally, showing strength and resilience across key levels. While some traders might expect a pause or a pullback, I don’t think the bullish momentum is done just yet. I believe there’s at least one more leg up in this rally, and I’m preparing to capitalize on the move. Here’s the breakdown: Momentum in the Crypto Market Bitcoin has been riding a wave of optimism, driven by institutional interest, improving sentiment, and favorable macro conditions. The broader crypto space seems to be in a risk-on mode, supporting further upside potential. Bullish Continuation Likely The recent rally has broken key resistance levels, signaling strength in the trend. While short-term consolidation or small pullbacks may occur, the overall trajectory remains upward. Trade Idea Looking for Longs: My bias remains bullish, and I’m ready for the next move higher. I’m focusing on dips into support zones or breakouts above resistance for potential entry points. Risk Awareness: While the rally looks strong, volatility in crypto markets can strike unexpectedly. Managing risk remains crucial.
BITSTAMP:BTCUSDLong
by UpstreamTraders
Is Bitcoin's Liquidity Index a Reliable Indicator for PredictingBitcoin (BTC) has been making significant strides in recent times, and a new analysis suggests that the cryptocurrency could reach a local top of $102,000 by January 2025. This prediction is based on the behavior of Bitcoin's liquidity index, a metric that measures the ease with which Bitcoin can be bought or sold. The Significance of Bitcoin's Liquidity Index The liquidity index is a crucial indicator of market sentiment and potential price movements. A higher liquidity index suggests increased investor interest and a stronger demand for Bitcoin. Conversely, a lower liquidity index may signal waning interest and potential price declines. Historical Correlation Between Liquidity Index and Bitcoin Price Historical data reveals a strong correlation between Bitcoin's liquidity index and its price. In the past, periods of high liquidity have often preceded significant price rallies, while periods of low liquidity have coincided with price corrections. The 2025 Prediction Based on the current trend of the liquidity index, analysts predict that Bitcoin could reach a local top of $102,000 by January 2025. This projection is supported by the historical correlation between the index and Bitcoin's price. However, it's important to note that this prediction is based on the assumption that the historical correlation between the liquidity index and Bitcoin's price will continue to hold. While this assumption is reasonable, it's not guaranteed. Several factors could influence Bitcoin's price trajectory, including macroeconomic conditions, regulatory developments, and geopolitical events. Potential Correction After the Peak Following the projected $102,000 peak, Bitcoin may undergo a correction to around $70,000. This potential correction could be driven by profit-taking, overbought conditions, or a shift in market sentiment. Factors Influencing Bitcoin's Price Several factors could impact Bitcoin's price in the coming months and years: 1. Macroeconomic Conditions: Global economic conditions, such as inflation rates, interest rates, and GDP growth, can significantly influence Bitcoin's price. 2. Regulatory Environment: Regulatory clarity and favorable policies can boost investor confidence and drive Bitcoin's adoption. 3. Institutional Adoption: Increased adoption of Bitcoin by institutional investors, such as hedge funds and pension funds, can provide significant price support. 4. Network Upgrades: Technological advancements and network upgrades can enhance Bitcoin's scalability and efficiency, attracting more users and investors. 5. Market Sentiment: Investor sentiment, including fear, greed, and speculation, can play a significant role in short-term price fluctuations. Conclusion While the liquidity index suggests a potential $102,000 peak for Bitcoin by January 2025, it's essential to approach this prediction with caution. The cryptocurrency market is highly volatile, and unforeseen events can significantly impact Bitcoin's price. Investors should conduct thorough research and consider consulting with financial advisors before making any investment decisions. It's also crucial to diversify one's investment portfolio and manage risk effectively. As Bitcoin continues to evolve and mature, its long-term potential remains significant. However, investors should be prepared for both upside and downside volatility in the short term.
BITSTAMP:BTCUSDLong
by bryandowningqln
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 29, 2024Technical Analysis and Outlook: Bitcoin has significantly declined below our Mean Support level of 94400. Nevertheless, the momentum of the bull market has been a pivotal factor, allowing Bitcoin to rebound robustly and heading to retest the established Outer Coin Rally target 99500. Current analysis indicates that the cryptocurrency is poised to surpass the 99500 threshold, consequently reigniting its upward trajectory towards the forthcoming Outer Coin Rally target at 110000. The pullback to Mean Support 95600 and possibly to 91800 is strategically positioning the market for the next phase of the bullish trend.
BITSTAMP:BTCUSD
by TradeSelecter
5 REASONS TO STAY IN THE CRYPTO MARKETThe end of September aka rektember historically the worst performing month of the year is in sight, and October is fast approaching. 1/ October aka ‘Uptober’ or better to say "Moontober" is historically one of the best performing months of the year and in the past two bull run years October’s have all been green – third time’s a charm? FYI last year we pumped 29% and so many of us ordered Countach 2/ It ain’t just October – Q4 historically yields the highest returns of the year Excited for Uptober? Just wait till we hit No Loss November baaaby! 3/ M2 projections vs. CRYPTOCAP:BTC looking bullish M2 tracks the global supply of money. The more money is in the system, the more of it can flow into crypto. Here’s Bloomberg’s 10week projection of M2 supply (black) overlaid with CRYPTOCAP:BTC ’s current performance (red) 4/ The bull market historically takes off at this point See that white line? That’s the current cycle as you see The crypto market seems to be following historical bull market trends closely. We've experienced a stronger than usual rally ahead of the halving, largely driven by expectations around spot Bitcoin ETFs. However, the post-halving rally has been weaker, bringing the market back in line with typical patterns seen in previous cycles. Potential for Growth: If past cycles are any indication, the market is expected to gain momentum from this point onward. Historically, after a weaker post-halving phase, a significant upward surge is needed to complete the cycle. Cycle Length Considerations: There is evidence suggesting that each crypto cycle is lengthening in terms of duration. This trend may reflect increasing institutional involvement, as longer cycles often point to a more mature and stable market 5/ Rate cuts are here! The Federal Reserve has cut interest rates by 50 basis points in their first rate cut since March 2020.This is now the most unexpected Fed decision since 2009. And lowered rates allow more money to flow into markets over time. and after btc pump we will have sweet alt party so buckle up and be ready for printing money
Long
by moonypto
BTC analysis of historic Fibonacci levelsI'm sure this analysis is just one of thousands looking at BTC! It is a point of contention to call the top of a bull run, but what I though I would do is point out a few levels which are points of confluence when you use Fib's from the last bull run and the current bull run to analyse price movement. I've used the initial breakout and retest levels (In the green box) as the starting point of the Fib levels from the 2020-2021 and 2023-2024 bull runs. As we can see at present BTC price is at Fib 1.618 (99k) using the Fib over the 2020-2021 bull run. Highlighted in the red box. The next Fib area of confluence is 120k On a momentum note- BTC is at a point where the percentage growth of its second leg up is 103% compared to 277% in the first leg, BTC is showing signs of slowing momentum similar to the 2021 bull run 321% 1st leg vs 125% 2nd leg. We may see a slightly higher high around 105K but to me BTC price movement is showing similar signs of topping out to the 2021-2022 bull run. Does anyone have a technical case for BTC continuing higher? I know on the fundamental side with Trump being elected that there is a bullish case because of the huge pressure that the Crypto space has been under the last 4 years of Democrat Biden Harris party. With deregulation the industry should prosper.
COINBASE:BTCUSD
by Neilsh
BOBA/USDT 100% POSSIBLITY BREAKBOBS/USDT Analysis: Potential Break Ahead BOBA iTHE new omisego. A good coin takes small steps and holds levels. The BOBA/USDT pair is showing an intriguing setup, which a new break zone could confirm. We will closely monitor the market for any signs of confirmation regarding this coin's movement. If this coin manages to rise from the current zone, it could initiate a new upward cycle. The most promising scenario is a 100% increase which can go with time. However, it’s important to note that this may take time, as there are no guarantees in the crypto market. Additionally, much will depend on further data confirmations. If BOBA achieves a break soon the price could potentially target the $0.45 –$0.62 range. This coin has many levels as open space which can have a break to old levels. Don't expect fast results, the market is going on its way.
Long
by SatochiTrader
3