BTC Clearly Bull Run Bitcoin continues to make higher highs. Let’s see how long it’ll take us to get us to 125K
BTCUSD.P trade ideas
2024-12-16 - priceactiontds - daily update - bitcoinGood Evening and I hope you are well.
comment: Clear channel upwards and we will likely hit 110k over the next days. The channel is wide enough to trade in both directions. Once market breaks below the closes bull trend line and the 4h 20ema, a short is the much bitter trade from a r:r perspective.
current market cycle: Still a bull trend as long as above 94000.
key levels: 94000 - 110.000
bull case: Bulls got another strong move up that began last Tuesday. It’s pointing to my measured move target 110k and I highly doubt bulls can get it much above that. But I also have a tendency to underestimate these bubbles. We can clearly see two legs up already and a third could get us there.
Invalidation is below 94000.
bear case: Bears see the broad bull channel and selling new highs was profitable over the past 4 weeks. They see the next bull wedge which can break down over the next 2-3 days and they hope for another deep pullback to 98k or lower.
Invalidation is above 110.000.
short term: Bulls are in control but I have no interest in buying this. Once the bull wedge breaks down and we trade below the 4h 20ema, I will think about shorts for 98k-100k.
medium-long term - Update from 2024-12-15: Will write a new outlook for 2025 over the weekend.
current swing trade : Nope
trade of the day: Shorting above 101k continues to be profitable.
New update Bitcoin Bitcoin hit a record high of $106,533, fueled by speculation about a U.S. bitcoin reserve. It has surged over 50% since November 5, with a market cap surpassing $3.8 trillion and a 136% rise in 2024.
Bitcoin reached a record high above $107,000. MicroStrategy purchased 15,350 BTC, now holding 439,000 BTC valued over $46 billion. Riot acquired 667 BTC, raising its total to 17,149 BTC.
Bitcoin reached $106,500, now at $104,500, with a market cap of $2.07 trillion, accounting for 54% of the market. Analysts aim for $130,000, highlighting the need for support above $100,000
Bitcoin to $143kWhen we apply a fib extension to the Bitcoin monthly chart we can see a possible target of $143k marked by the 1.618 level.
Everyone wants to know when the pullback is coming but after a solid breakout and parabolic performance in November, we can easily see this run continuing in to next year.
Best of luck to all and happy holidays 2024.
Update Bitcoin!Bitcoin hit a record high of $106,533, fueled by speculation about a U.S. bitcoin reserve. It has surged over 50% since November 5, with a market cap surpassing $3.8 trillion and a 136% rise in 2024.
Bitcoin reached a record high above $107,000. MicroStrategy purchased 15,350 BTC, now holding 439,000 BTC valued over $46 billion. Riot acquired 667 BTC, raising its total to 17,149 BTC.
Bitcoin reached $106,500, now at $104,500, with a market cap of $2.07 trillion, accounting for 54% of the market. Analysts aim for $130,000, highlighting the need for support above $100,000
Q1: BTC to 125K Historically January is a Bullish month in the Markets. If no funny business around Jan20 I can definitely see it get at or over 125K in the #1stQTR
#XOW
#XFRofWealth
Bitcoin’s Bullish Breakout: Targeting $86K with $100K in SightCrypto Market Surge: Bullish Targets for Bitcoin Set at $86K and $100K
The crypto market is showing extraordinary strength, and Bitcoin has already crossed $80,000, setting the stage for even higher targets. With Donald Trump’s win reigniting optimism, crypto-friendly policies may soon follow, which could offer a supportive backdrop for the next phase of this bull run. Momentum is building, and analysts are now eyeing $86,000 as the first target, with an ambitious $100,000 target within reach if market conditions remain favorable.
Strong buying interest and institutional adoption have helped solidify Bitcoin’s position, with several indicators pointing to sustained demand. Should Bitcoin break the $86K resistance, it’s likely that the path toward $100K could come quickly as FOMO (fear of missing out) intensifies, bringing new capital into the market. We’re entering a potentially historic period in crypto—one that may redefine asset valuations and open new opportunities.
BTC?USDStill looking for longs ATM but I think this could be the turn around point that set the bigger retracement into action what do you guys think?
Might go down to $83300BTCUSD closed below its tenkan sen yesterday, so I think it could go down to the kijun sen at $83300.
The 50% zone between the tenkan sen and the kijun sen could be a first target = ($94596 - $83299)/2 + $83299 = $88947
BTC/USD: Are We Heading for $115K, or Could a Big Correction?Good afternoon, trading family,
Bitcoin is at a critical point right now, and the next few moves could define its direction for weeks to come. Let’s break down what we’re seeing:
Upside Potential:
$107,818: This is the key level to watch. If Bitcoin breaks above it, we could see momentum push us towards $115K.
$115K-$117K: This is the big target for bulls—reaching this zone would confirm a strong breakout.
Downside Risks:
$102,794: A drop below this level could signal the start of a deeper pullback.
$80K: This would be the first major support if we lose $102,794.
$50K: While less likely, it’s still possible if selling pressure accelerates.
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Trade What You See
Bitcoin's Bullish Run and Record HighBitcoin's meteoric rise has captivated the world, with its price surging to record highs and traders setting their sights on even more ambitious targets. As the cryptocurrency market experiences a bullish "Santa Claus Rally," Bitcoin traders are now targeting a staggering $120,000 price level.
Bitcoin's Bullish Run and Record High
Bitcoin's recent rally has been fueled by a confluence of factors, including increased institutional adoption, growing global interest, and favorable macroeconomic conditions. The cryptocurrency has consistently broken new price records, surpassing the $100,000 mark and even reaching heights above $106,000.
However, the market's optimism has been tempered by concerns about the potential impact of a "hawkish rate cut" by the Federal Reserve. While a rate cut is generally considered bullish for risk assets like Bitcoin, a hawkish tone from the Fed could dampen sentiment and lead to a price correction.
The Fed's Impact on Bitcoin
The Federal Reserve's monetary policy decisions have a significant influence on the cryptocurrency market. A rate cut can stimulate economic growth and increase liquidity, which can benefit Bitcoin and other digital assets. However, if the Fed signals a less accommodative stance or hints at future rate hikes, it could lead to a sell-off in the market.
Bitcoin's price has historically been correlated with traditional financial markets, and the Fed's actions can have a ripple effect on the cryptocurrency's value. Therefore, traders are closely monitoring the Fed's announcements and any potential shifts in its monetary policy.
Bitcoin's Potential as a Reserve Asset
Another factor that could increase Bitcoin's price is its increasing adoption as a reserve asset by institutions and governments. Several countries have expressed interest in incorporating Bitcoin into their national reserves, recognizing its potential as a store of value and a hedge against inflation.
If major economies start accumulating Bitcoin as a reserve asset, it could significantly increase demand for the cryptocurrency and drive its price to new highs. This development could further solidify Bitcoin's position as a digital gold and a valuable asset for investors.
The Road to $120,000
While the $120,000 price target may seem ambitious, it is not entirely out of reach. If the bullish momentum continues, supported by strong institutional adoption, favorable macroeconomic conditions, and potential positive developments in the regulatory landscape, Bitcoin could very well surpass this milestone.
However, it is important to approach the cryptocurrency market with caution and to be aware of the inherent risks involved. Bitcoin is a highly volatile asset, and its price can fluctuate significantly in a short period. Traders should conduct thorough research, diversify their portfolios, and consider consulting with financial advisors before making investment decisions.
In conclusion, Bitcoin's recent rally has been impressive, and the cryptocurrency's potential for further growth remains significant. While the Fed's monetary policy decisions and broader macroeconomic conditions will continue to influence the market, the increasing adoption of Bitcoin as a reserve asset and the growing interest from institutional investors could drive its price to new heights. As Bitcoin traders set their sights on the $120,000 target, it is crucial to maintain a balanced perspective and to be prepared for both upside and downside risks.
On the road to 120k & 150k & BeyondI've had some bullish sentiments about Bitcoin, but this prediction is probably going to be spot on. I think Bitcoin will reach ~$240k as the traditional market cycle end. I'm even predicting that for the first time ever, we never have a bear market with 80% losses, but if we did, the date to cash out or swap to USDT is going to be late 2025. We've never had a bear market (the beginning of the new cycle) with a Bitcoin or Ethereum or all other Digital Assets as ETFs; so we realistically have no predictive power on the outcomes of the beginning of the new cycle. These projects and technology have been virtually green-lighted by the President Elect, Donald Trump. Fascinating times we live in.
Incredible Super Guppy Signals BTC Crazy Price ActionCrazy price action continues today on the heels of Softbank $100B AI investment in the United States to show confidence in American President Trump economy success.
The incredible growth indicated on Super Guppy is a chart technique which gains insight on the strength and dimensions of the price movement. When things are going strong in a pump like we are seeing today, this indicator is very beautiful to witness. The world is reacting strongly in favor of American economic recovery and 2025 growth fueled by the AI technology boom. Japan clearly sees this and wants to support the action, provide jobs, and encourage innovation. We can see how Bitcoin reacts and how traders can use the continuing positive opportunity in BINANCE:BTCUSDT and other tokens.
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Remember Habibi, the desert tests your will, not your strength.
Bitcoin Hits New All-Time High of $107k — Is $150K Next? Bitcoin ( CRYPTOCAP:BTC ) has once again shattered expectations, climbing to a record-breaking $107,000. This milestone follows a 3.68% surge over the weekend, with bullish sentiment fueled by a surprising announcement from President-elect Donald Trump.
Bitcoin Price Today
Bitcoin’s recent rally can be attributed to President-elect Donald Trump’s pledge to establish the U.S. as the global center for Bitcoin and cryptocurrency innovation. During a CNBC interview on Sunday, Trump unveiled plans for a U.S. Bitcoin reserve, emphasizing the need for the country to lead in digital assets. This announcement sparked a surge in buying activity, propelling Bitcoin to its new all-time high of $106,727.
The market’s reaction underscores the growing influence of policy decisions on crypto prices. Trump’s pro-Bitcoin stance has injected optimism into the market, with investors viewing it as a step toward broader institutional adoption and regulatory clarity.
Technical Analysis
From a technical perspective, Bitcoin is currently trading at $106,893, slightly off its daily high of $107,080. The recent breakout above the psychological $100,000 level signals strong bullish momentum. Key technical indicators suggest further upside potential:
1. Relative Strength Index (RSI): While the RSI stands at 71, indicating overbought conditions, historical patterns show that Bitcoin can remain overbought during strong uptrends.
2. Support Levels: In the event of a local correction, support ranges are identified at $97,500–$99,500 and $94,100. These levels could provide buying opportunities for traders looking to enter the market.
3. Resistance Levels: Bitcoin faces minimal resistance in uncharted territory. The next significant psychological level is $110,000, followed by the ambitious $150,000 target predicted by analysts.
Market Dynamics
Bitcoin’s 24-hour trading volume stands at $110.4 billion, with Binance leading the charge. The exchange’s perpetual and spot trading volumes contribute significantly to Bitcoin’s liquidity. This robust trading activity underscores the market’s resilience and readiness to absorb high volumes.
Outlook: Can Bitcoin Reach $150,000?
The path to $150,000 hinges on several factors:
1. Macroeconomic Environment: Continued pro-crypto policies from global leaders could drive institutional inflows and bolster market confidence.
2. Technical Breakouts: A sustained move above $110,000 would validate the bullish continuation pattern and set the stage for a run toward $150,000.
3. Market Sentiment: Despite overbought conditions, Bitcoin’s historical performance during Q4 and Q1 suggests strong potential for further gains.
However, traders should remain cautious. The RSI’s overbought reading and the potential for profit-taking at key levels could trigger short-term corrections. Risk management is crucial, as the market navigates these uncharted waters.
Conclusion
Bitcoin’s new all-time high of $107,000 marks a significant milestone, driven by both fundamental and technical factors. President-elect Trump’s pro-Bitcoin stance has ignited fresh optimism, while technical indicators and on-chain metrics point to continued bullish momentum.
With $150,000 as the next ambitious target, the crypto market is buzzing with excitement. Will Bitcoin continue its ascent, or will a correction provide a breather before the next leg up? Only time will tell, but for now, the flagship cryptocurrency is firmly in the spotlight.
BTC/USD Bull Run Continuation
My analysis is pretty simple. Using moving averages, volatility, and momentum indicators, I predict a sizeable move to the upside on a daily time frame. price action has consolidated around the yellow 21 EMA and is now officially bouncing off of the 5 EMA. The last time this happened was last month in the beginning of November after we broke the all time highs within the 70K range. Momentum itself has also shifted to the upside along with volatility rising. That's pretty much it. Have a great holiday season everyone.
Softbank $100B AI Investment Promise Heard Worldwide COINBASE:BTCUSD is going bananas today, shortly after Softbank CEO announced $100B AI investment in the United States on stage with American President.
The howling wolf chart pattern shows the excitement exploding as confidence in American economy future success is skyrocketing worldwide.
Good things in store for BINANCE:BTCUSDT beautiful oasis in the world. Have a great day trading the pump.
Remember Habibi, the desert tests your will, not your strength.
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NEXT TARGET = 120K
I think we have beaten the 100k... the BTC is reacting nicely and impulsively from a contested zone. I'm letting my trade run and am constantly taking partials.
BTC top 5W LimitThe Top 5w value can be demined by reversed fib based ratio measure of third primary wave to the bottom of 4th. if to measure very precisely, it shows 134 thousands USD.
#bitcoin
BTC/USD Performance Review: December 16, 2024.BTC/USD Performance Review: December 16, 2024
Market Overview
Bitcoin (BTC) has had a dynamic day, reaching a new all-time high of $106,648 in the early Asian session. However, it has since corrected to around $104,773. The main driver behind today's price action is the anticipation of the US Federal Reserve's decision on interest rates, expected on Wednesday.
Key Events and Influences
New All-Time High: BTC reached a new all-time high of $106,648 early today. This surge was driven by strong institutional demand and positive market sentiment.
Federal Reserve Anticipation: The market is closely watching the Federal Reserve's upcoming decision on interest rates. A potential rate cut is seen as positive for risk assets like Bitcoin.
Institutional Inflows: Bitcoin Spot ETFs recorded a net inflow of $2.17 billion last week, indicating strong institutional interest.
Technical Indicators: Early signs of bearish divergence in the Relative Strength Index (RSI) and Awesome Oscillator (AO) suggest weakening bullish momentum.
Price Movements
Opening Price: BTC started the day at $105,000.
High: Reached a high of $106,648 early in the Asian session.
Low: Corrected to a low of $104,773 later in the day.
Current Price: Trading around $104,773 at the time of writing.
Technical Analysis
Moving Averages: BTC is trading above its 50-day EMA but below its 200-day EMA, suggesting a potential bullish trend if it can reclaim the 200-day EMA.
RSI: Currently at 68, approaching overbought territory. A break above 70 would typically generate a sell signal.
MACD: The MACD line recently crossed above the signal line, indicating bullish momentum.
Bollinger Bands: The price touched the lower Bollinger Band and is now moving upwards, indicating a possible reversal.
Volume: OBV is rising, suggesting strong buying interest.
Market Sentiment
Fear and Greed Index: Currently reads 83, indicating "extreme greed" among traders.
Analyst Predictions: Analysts remain bullish on BTC, with some setting a target of $110,000.
Conclusion
Bitcoin has had a volatile day, reaching a new all-time high before correcting slightly. The market is closely watching the Federal Reserve's upcoming decision on interest rates, which could significantly impact BTC's price. Despite the correction, the overall sentiment remains bullish, supported by strong institutional inflows and positive technical indicators..
Target ranges for $BTC BitcoinMacro trend analysis for Bitcoin. We are just breaching the prior trend line and it looks like this could be clear air to the macro top trend line. My high-end estimate is $300k with a settled estimate of between $150k-$225. Too early to tell but 2025 will be a wild year. As we get more data, I'll update. As of right now, I'm max long and still accumulating on reasonable pull backs.
BITCOIN and the MATH The chart posted is Bitcoin with ALL my MATH since 2016 I am now long PUTS in Bitcoin Best of trades WAVETIMER !!!
BTC Cycles & TA: 12/16/24 Two Important Dates coming upWe are approaching the end of this Bull and now the cycles, charts, and indicators are signaling the top is either here or we are in the final topping stages. Watch entire video to see what the charts are saying. This is one of my longest videos, but I think you will appreciate all the information it has.
Bitcoin fixing to see what scarcity means...possibly first real Hope you been buying and hodling your korn! No charts can explain. No top called here. Its goes up now...one day will go down. Resist if you must.
