BTC GOING TO 193000$!!!"These days, everyone’s saying Bitcoin might drop to 74k or even 70k. But I’m here to tell you, whales and big institutions like MicroStrategy, with all their strategies (like the RTM model I showed you), are going to push Bitcoin up to $113k first. It’ll take a small dip there, then rise again to around $117k, followed by another pullback. This cycle will keep going until we hit $193k, and then we’ll see a nice correction.
I really hope my analysis helps, even if it’s not 100% spot on! Don’t lose hope – fiat money is heading for destruction, and only the big cryptocurrencies will survive. Stay positive, take care of yourselves, and remember: health is wealth!"
Btcprediction
DAY 4 - Daily BTC UpdateContinuing my 7 Days of CRYPTOCAP:BTC - Day 4
There are a couple of different moves for BTC, as follows:
🎁 1st Pattern: Christmas Present on the Way!
This pattern hints at a potential holiday rally—Bitcoin might be wrapping up a bullish gift for us just in time for Christmas. Keep an eye on the levels forming as the market prepares for a festive push!
(Must hold the low)
🌱 2nd Pattern: Kicking Off the New Year Green!
Should pattern 1 break down - The New Year could start on a bullish note! This pattern shows Bitcoin gearing up for a strong January, potentially setting the tone for 2025. Stay tuned—this could be the start of something exciting!
📊 Fear & Greed Index:
Dipped to 55, cooling off and setting the stage for the next big move. Historically, this range signals a prime setup for a bull market. Sentiment is resetting, and the crypto crowd is getting ready to charge.
When you step away and think you have a moment to celebrate, Bitcoin may have other plans.
Keep a close watch on these setups—volatility loves the holiday season. 🚀🚀🚀
Extrapolating previous cycle price action to predict the futureUsing the Indicator: 4-Year Cycles
Cycle Analysis:
Cycle 1 to Cycle 2 Changes:
ATH increased from $1,160 to $19,676 (16.96x increase)
Gain percentage dropped from 52,287.39% to 12,804.2%
Loss percentage slightly improved from 86.9% to 83.11%
Cycle 2 to Cycle 3 Changes:
ATH increased from $19,676 to $68,979 (3.51x increase)
Gain percentage dramatically dropped from 12,804.2% to 1,976.94%
Loss percentage improved from 83.11% to 75.93%
Projection for Cycle 4:
Based on the observed pattern of diminishing returns and the logarithmic nature of Bitcoin's growth:
Projected ATH: $242,000 to $275,000
(Calculated by applying the observed ATH increase factors)
Projected Gain: Approximately 800-1200%
(Continuing the trend of diminishing percentage gains)
Projected Loss: Around 70-75%
(Following the gradual improvement in loss mitigation)
Each cycle shows a pattern of:
Reduced percentage gains
Slightly improved loss recovery
Continued exponential growth in absolute ATH price
ATH Calculation:
Cycle 1 to Cycle 2 growth multiplier: $1,160 → $19,676 = 16.96x
Cycle 2 to Cycle 3 growth multiplier: $19,676 → $68,979 = 3.51x
Observed Growth Multiplier Trend:
Cycle 1 to 2: 16.96x
Cycle 2 to 3: 3.51x
Projection Approach:
Lower Bound Calculation:
Previous ATH: $68,979
Multiplier: 3.51 (conservative)
Lower target: $68,979 × 3.51 = $242,000
Upper Bound Calculation:
Previous ATH: $68,979
Multiplier: 4.0 (slightly more optimistic)
Upper target: $68,979 × 4.0 = $275,91
Gain Percentage Calculation:
Cycle 1: 52,287.39%
Cycle 2: 12,804.2%
Cycle 3: 1,976.94%
Observed Decline Pattern:
Cycle 1 to 2: ~75% reduction in gain percentage
Cycle 2 to 3: ~84% reduction in gain percentage
Projected Gain Range:
Lower bound: 600-800%
Upper bound: 1000-1200%
Loss Percentage Trend:
Cycle 1: 86.9%
Cycle 2: 83.11%
Cycle 3: 75.93%
Projected Loss: 70-75% (continuing the gradual improvement)
Methodology Notes:
Used geometric progression with decreasing multipliers
Considered logarithmic growth pattern
Accounted for diminishing returns observed in previous cycles
Disclaimer:
Ultimately, these projections are mathematical extrapolations based on historical data and should not be considered definitive predictions. Cryptocurrency markets are highly volatile and unpredictable. This projection is based on historical patterns and should not be considered financial advice. Always conduct your own research and consult financial professionals before making investment decisions.
When will Bitcoin Reach ATH of Cycle 2025Something to REALLY think about
Where will BTC Turn longterm BEARISH after the 2025 TOP
This chart shows you Long Term resistance lines, lower bold from 2013 and acts as the Border line, the gateway to ATH. Once crossed and Held...Off we go
Upper bold Trendliner in Newer from 2017 ATH and has rejecting PA off ATH everytime since
Once in channel, it is only UP
Local Resistance keeping PA down till at least March and so a Spring ATH is possible but PA is overbought right now and would take longer to cool off....Ranging as we did from March 2024 is a possibility, leading to the late 2025 ATH OR we do Two ATH, as we did in 2021
We also have the Day counts, from PA cycle LOW to HIGH and an average of the past shows us that March time is a possible ATH zone. There is confluence in many charts that also point to this time period. But, again, we have other charts that point towards later in the year for that
There is no way of knowing how this will play out except to understand the "Field" is changing with a much more accepting Crypto world - Anything can happen now.
ENJOY THE RIDE
BTC Bounce from $58,000: Heading Towards ?I've been closely tracking Bitcoin's price action, and my latest analysis suggests that we may be witnessing a significant bounce from the $58,000 level, a strong support zone. After a recent dip, BTC is currently trading at $65,655, and based on key technical indicators, I expect it to rally toward $74,000 with a couple weeks.
however It's only a matter of price breaking above the 67000k resistance level as shown on chart. So this is a key level to watch
Key factors driving this prediction:
Support at $58,000:
This level has historically acted as a strong floor for Bitcoin, with previous bounces leading to upward moves to retest 63k +- 1000points resistance range.
Volume and Momentum:
Increasing trading volume and momentum indicators are pointing to a potential upward continuation.
Moving Averages:
BTC is currently holding above key moving averages, reinforcing the possibility of bullish momentum.
Market Sentiment:
With recent developments in the fundamental space, sentiment is leaning bullish, adding further conviction to the potential for this move.
If this analysis plays out, we could see BTC pushing through resistance levels and reaching $74,000 in a couple weeks time frame ideally. Keep an eye on these key levels as the price action unfolds.
MCG
BTC Forecast 17-Sep-24Bitcoin Support & Resistance- 17-Sep-24
Further to my post last week 09-Sep-24 & on 03-Sep-24,
BTC: 61000
The supports are working fine as proposed on 03-Sep-24 at 52650-52750 ( Previous Feb 24 high) and Fib Support 51750, further downside 44736 ( Fib support) to watch out.
Supports provided with clear mark up in the chart.
Currently BTC broke the SMA 50 and near 61000. The SMA 200 is at 61400 level and also Fib retracement 0.618 is scheduled at 61400 as shown in chart.
If this resistance is crossed decisively, high likely BTC will inch towards the all time high 73750 levels.
Bitcoin: Long-term analysis & major levels to watch - PART 2So where to now for BTC? In my previous post I explained that BTC had hit a major Primeval Fib (2207 level fib), which had thrown it sideways for a couple of months. While it is entirely possible that BTC could fall back again (e.g. to US$58k support zone) or even further, I think this is relatively unlikely. The chart is bullish in my opinion and I think the white fib in this chart is a reasonable target at ~$82k.
I would expect some sideways action to follow that, with possibly a drop to the 2207 Primeval Fib at ~US$70.5k. But even if this is the result, that doesn't exclude the possibility of a proper push up to US$84k, which is marked by another old Fib (see previous post).
I hate looking far into the future as charts ALWAYS develop different to what we expect, but my "cross-fingers & closed-eyes Ultimate Best Case" scenario for 2024 is to see price action hit the next Primeval Fib (the 3571 level fib) at US$114k. If that happens consider stepping out for a while!
I think a short to medium term bullish scenario (3 month timeframe) is supported by the BTC.D chart - which charts BTC market dominance (first chart below). This chart shows BTC dominance levelling off, which makes me think ALT coins are going to outperform. As we know, this typically happens towards the end of a BTC push to the upside. The second chart below shows the same pattern to the end of 2021, followed by a big drop in dominance over 2022, when ALT coins pumped.
And that brings me to my second point for this post. Do NOT discount the real possibility that quality ALT coins will increase in dominance (and count in ICP!) over the next three months and hopefully the remainder of 2024! Happy trading!
BTC/CRYPTO PRICE MOVEMENTS PREDICTIONThe cycle is cycle... the price is price... But 100k for BTC is psychological barier for a lot of people. The crowd is always wrong! So, please don't fall in the upcoming traps game! Don't be hurry, don't be too much greede! Things will happen if you just be careful!
BTC 1D Showing major red flagsHey how's everyone doing? It's been a while but I'm going to keep this explanation brief as the chart is self explanatory.
This is one of the strongest indications I look for when trying to predict price drops.
The way the MACD and RSI look together right now shows very strong potential for a sharp drop.
Keep in mind that this is the daily timeframe so it the move may not necessarily play out overnight but it is possible. Even though it is the weekend, I do feel its one of those rare weekends where we can possible see price movement.
I do think there's some potential for a move higher in the short term as I've indicated here on the 4H timeframe.
As long as BTC is below the 0.786 level on the chart (70K) there is strong potential for a 15%+ move to the downside IMO. I'd look for potential support in the lower 50K area (54K +/- 2K)
Another possibility to look out for is a quick sharp drop that plays out very fast (within a day) creating a quick wick / bullish hammer candle which would be a strong bullish indicator on the daily chart for upside continuation. The point is the possibility for the move down before upside continuation is very high.
As I've mentioned, Invalidation point would be a move above 70K. That's all for now. Take care & Trade safe.
BTC 4 time frame shows a good Bullish DivergenceAgain, the BTC 4 time frame shows a good Bullish Divergence, and if the above trendline breaks with good volume and the price trades above 63049.9$ and closes the candlestick, the price can break above the 64, 66, and 70k mark. Be patient until the RSI rises above the 50 level.
BINANCE:BTCUSDT.P
$1M - BTC MACRO Long OverviewIMO,
Were in a mid cycle elliot wave 3 correction and about to complete:
- a knock on GREEN 4.236FIB (non log scale) Elliot Wave 3 simutaenously hitting the 2015 GREY 3.618 FIB (log scale).
2028 correction to $70k for EW 4,correction.
2031-2032 MIL:1M BTC, touching the 2015 GREY 4.236FIB (log scale).
BUY MORE BITCOIN IN THIS RANGE NEW ATH IS COMING!!!HELLO TRADERS
As i can see BTC is going to make a new ATH in this session before halving a massive volume and greed will create a new ATH in bitcoins Friends it's still cheap peoples who was noy buying from 17K now greedy for bitcoin BLACK ROCK and other ETF,s are converting their assets in BITCOIN buy more and join the train before its will too late BTC is ready to trade in 6 DIGIT sooner than expected.... there are many other things can move more higher price of BTC
Greed is exceeding around the world
Its just an trade idea share you thoughts with us
STAY TUNED for more updates
BITCION RETACE TIME NOW !!! LETS SELL SOMEHELLO TRADERS
As you can see BTC HIT ALL OUR GIIVEN TP IN PREVIOUS ANALSYSIS AN BOOST FROM 42k TO 57K DONE NOW EW HAVE TO WAIT and LOOKING for a retracement to a broken resistance which is a strong support now ahead at 60k there is A WEEKLY BASED STRONG RESISTENCE if markets tested otherwise 57k is also a level let's see what markets brings if you have any perditions or idea share with us in comment it help- many other traders
stay tuned for more updates
BUY MORE BITCOIN !!!HELLO TRADERS
BTCUSD is trading above the 50K$ which is sign just the continuation of the new bull run in the Crypto World Technology is going to change the World Ecosystem we are buying #BTC from since it was break 22K$ Zone and looking for new higher high in this year Friends this week FOMC meeting can create volatility in the markets so always try to get lower low entry for a new bull run its just starting BTC will hit 60k$ incoming days Friends its just an trade idea share your thoughts with we appreciate Ur love and support
STAY TUNED
for more updates
Bitcoin Halving's Impact AnalysisBitcoin Halving Cycles Performance (Pre/Post 1 year performance)
Halving's Pre/Post year Performance:
1. 26th Nov 2012 - Pre 416% / Post 7715%
2. 9th July 2016 - Pre 110% / Post 283% (The full move including after the 24 month period was c.955%)
3. 11th May 2020 - Pre 76% / Post 423%
4. 27th April 2024 - Pre 50% / Post 200%
Pre Summary (from H2) - 110% - 76% - 50% prediction (reducing by c.25% each halving).
Post Summary (from H2) - 955% - 423% - 200% prediction (reduces by c. 50% each halving)
You can see the pattern in the reduced returns in each halving. The pre halving returns typically reduce by 25% a halving and the post halving returns reduce by 100% per halving. We ignore the first having as it was exponential introductory growth of the asset.
Important Dates are 27th April 2024 (halving date). Good place to skim or wait for a pullback). Also the date of 25th April 2025. This is a softer date, a take profit early date potentially, most cycles have ended in Q4 of the given year thus some chips should be left on the table post April 2025 depending on the continued performance up to that point.
Always a pleasure, I hope its been insightful
Puka
BTC Forecast BTC is having a good move but it is at a crucial resistance level now. IF BTC can break the 45K - 46800 zone then it will be unstoppable but if it is rejected from this zone then we will have 02 possible scenarios.
1- BTC will go down and take support of the 38000 - 37600 zone and will come back to break the resistance level of 45000 - 46800 and if succeeds then 51800 - 52800 will be the next level.
2 - If BTC is not able to hold 38000 - 37600 then it will go down up to 31800 -30800 and then the next move can be predicted.
Bitcoin Continues Consolidating With Maybe A Wick UpBitcoin trying reach the highs as its at 37.5 right now and its consolidating, we could see a higher wick or a pullback and then a wick to upside.Explained in details
Thanks for watching