Bitcoins newer all time highOn the 4-hour timeframe, Bitcoin appears to be within a distinct channel. This week, it experienced a decline, reaching the 65654 support level at the channel's bottom before rebounding. Currently, it has bounced off the 67562 support and is heading upwards. If it breaks above 69005, it could revisit all-time highs.
Back on March 3rd, Bitcoin formed a flag pattern before reaching its previous all-time highs.
Considering the length of the candlestick pole to the flag pattern, I anticipate Bitcoin may reach 75000 before a downturn, potentially returning to the support trend line around 54670.
Bitcoinlong
COIN - Reckoning Incoming?COIN has been on an epic run. What goes up must come down as they say... but Bitcoin is at 73k tho bro. Just think of all the people who bought when it was at ~$50. A lot of institutional investment decided they were not going to miss out crypto this cycle and anticipated the run up. They are definitely going to take profits now that they are up almost 400% and they are also going to make sure to take advantage of the recent upsurge in retail interest and start selling into the momentum.
QNTUSDT - BUY OPPORTUNITYHOLDING QNT to swing area and beyond - This coin is one of my top favs - If you want to understand its project - I highly advise you read its whitepaper.
I believe this coin can MC to 100B and beyond as cryptos take off, Web3 becomes more advanced and in play, Future will be tokenised with blockchain! Your IDs, Photos, anything digital you own etc
If you understand blockchain, you will understand what I mean. You can't dupe a FAKE photo, clone it etc from its original makers as blockchain will help protect its authenticity, originality and ownership. This has nothing to do with Quant, just in general my own opinion and view on the future of Blockchain in our daily life.
Trade Safe Habibis - The future is Blockchain!
DXY Setup To Fall Further As Bitcoin Rally's Past New HighsWith the recent Bitcoin rally avove new highs and currently over $72k, the DXY is also showing further weakness on this chart.
This signals the BTC rally will continue and I believe straight to $80 if not $100k before the halving.
See my other sudies on 'The Path to $100k - $155k Bitcoin' for reasons why this is in play.
Bitcoin - Triangle BreakoutHello Traders, welcome to today's analysis of Bitcoin.
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Explanation of my video analysis:
After the quite expected break and retest on Bitcoin in December of 2022, Bitcoin started the next bullrun with a move of +350%. Furthermore Bitcoin is about to break out of a long term ascending triangle formation which could lead to seven-figure price targets. But first I am waiting for a retest of the level mentioned in the analysis to then add to my long positions.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Bitcoin Inflow Volumes Poised for Surge? RSI Hints at Upswing## Bitcoin Poised for Surge? RSI Hints at Upswing
Technical indicators on TradingView suggest Bitcoin may be primed for a rise in price. The Relative Strength Index (RSI) on the 2-hour timeframe, which measures price momentum based on 14-minute intervals and volume, currently sits at 48. This value indicates that Bitcoin is neither overbought nor oversold, potentially signaling a healthy position for further upward movement.
While a reading of 48 on the RSI is positive, it's important to consider this data point alongside other technical indicators and market conditions. Combining RSI analysis with other factors can provide a more comprehensive picture of Bitcoin's potential price trajectory.
Analysts are cautiously optimistic about Bitcoin's future, with some predicting a surge towards $88,000. However, the cryptocurrency market remains volatile, and unforeseen events can significantly impact prices. It's crucial to conduct thorough research and implement sound risk management strategies before making any investment decisions.
Bitcoin Inflow Volumes Poised for Surge? RSI Hints at Upswing ## Bitcoin Poised for Surge? RSI Hints at Upswing
Technical indicators on TradingView suggest Bitcoin may be primed for a rise in price. The Relative Strength Index (RSI) on the 2-hour timeframe, which measures price momentum based on 14-minute intervals and volume, currently sits at 48. This value indicates that Bitcoin is neither overbought nor oversold, potentially signaling a healthy position for further upward movement.
While a reading of 48 on the RSI is positive, it's important to consider this data point alongside other technical indicators and market conditions. Combining RSI analysis with other factors can provide a more comprehensive picture of Bitcoin's potential price trajectory.
Analysts are cautiously optimistic about Bitcoin's future, with some predicting a surge towards $88,000. However, the cryptocurrency market remains volatile, and unforeseen events can significantly impact prices. It's crucial to conduct thorough research and implement sound risk management strategies before making any investment decisions.
#btclong
BITCOIN - Expected Rally - How far will this run?Bitcoin has various fundamental tailwinds driving price including the two notable ones, ETF flows and halving expected H2.
Looking at the two previous breaks above an all time high (ATH) we can expect a period of 6+ months of price increases if a break is sustained above $70k with prices expected to at least double.
Target price for Bitcoin: $150k. Profits to be scaled down from September to complete unwinding by December 2024.
BTC MACRO Perspective - LONG Way to go📉Hi Traders, Investors and Speculators of Charts📈
It's been a while since I've done a macro update on BTC since the previous update.
I love the logarithmic view of BTC. It gives a clearer indication of price increases alongside growth. Although inflation and value factors aren't physically calculated into the price, seeing the upwards curve makes more sense from a "holistic view" that would include things such as growth and inflation.
A logarithmic chart view displays price changes as a percentage of the previous price. This means that equal vertical distances on the chart represent equal percentage changes, regardless of the absolute price level.
This is in contrast to a regular chart view, which displays price changes on an arithmetic scale. This means that equal vertical distances on the chart represent equal absolute price changes.
With help of great technical indicators, we can use the logarithmic chart as a sort of "roadmap".
The logarithmic trendline indicator (log trend channel) shows possible support and resistance zones. The logarithmic moving averages show possible support zones, and help identify if the price is generally trading bearish (under) or bullish (over).
First immediate support according to the logarithmic moving averages is around 51K:
Another interesting way you can use technical indicator in the MACRO timeframe, is by using the RSI such as this:
Here's another look at it from the MONTHLY logarithmic chart:
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CryptoCheck
#Bitcoin_hodle_signal Bitcoin always loves forming head and shoulders pattern in the bottom to make anew HI after breaking out the neck line
now , you can set up your entry and your stop lose necessary because i am still seeing a correction to 25000 >>>24000 zone
so please be committed with your stop lose
BTC Power Law Centerline is BrokenWelp. This might be it before the final run-up. Based on the past history of bitcoin, if we draw a line through the center of a power law function, if the price is above the ATH and it breaks that center line it typically signals the final rally towards the top of the power law band. Everyone is hoping for 2025, me included, but based on past history, we have around 100-150 days left in the current cycle (June - Aug from the looks of things). Unless we can get some sort of mass pullback to replicate June 2019. The length of the current bear market just doesn't show that in the cards.
One more thing to add, the price of that centerline crossover also corresponds to the bear market lows.
Keep calm and carry on
THE GREATEST TRADE OF THIS DECADE! BITCOIN TO 1M! Greetings!
This is my long-term analysis of bitcoin based on the logarithmic chart.
I notice that there are price patterns that are repeating.
1.March 2013- September 2013
1.January 2015-September 2015.
2. November 2013-August 2015.
2. January 2021-August 2023.
3. April 2020-November 2020.
3. January 2023-August 2023.
I bet bitcoin would do the same pattern from September 2015 to December 2017, in the next few months. If so, we could see bitcoin at 1 million dollars by December 2025.
Buy SPOT TRADING and HODL until up December 2025.
I will be updating this idea.
We're early...
JB.-
Bitcoin Surges Towards $100,000 as All-Time High LoomsIn a bullish run that seems unstoppable, Bitcoin (BTCUSDT) is currently trading at a staggering $72,000. This places the world's most popular cryptocurrency on the cusp of a breakout from its previous all-time high of $69,000.
Most Crypto analysts are now setting their sights on the next resistance level, which sits between $83,000 and $85,000. If Bitcoin can breach this barrier, some experts believe a surge towards $100,000 could be imminent.
This latest surge comes amid a period of renewed optimism for the cryptocurrency market. Increased institutional adoption, Bitcoin ETF approvals, and growing mainstream interest are being cited as key factors driving the current rally.
However, Crypto analysts caution that a period of volatility could follow a potential breakout. Investors are advised to exercise caution and conduct thorough research before making any investment decisions.
#BTCUSDT Long#BTCUSDT
We have the cup model configured perfectly.
The cup hand was formed and the breakout to the upside occurred
We have upward momentum and there are target areas that can act as a resistance area as well as a rebound point if we fail to break through it.
We have the 49,000 level as an initial target and resistance area at the same time
If we succeed in breaching it, we have a target for the previous peak, level 68,000.
In the event of a rebound from the 49,000 level, it is expected to touch the rising trend
You must pay attention to the retracement areas to benefit from the best retracements.
As well as exploiting the penetration of those levels
BTC 200 EMA 3D indicatorIt is the first time since May 6, 2022 (314 days) that BTC can potentially intersect with the 200EMA 3D.
On the other hand, it would be the first time since April 29, 2020 (1054 days) that it would reach this indicator level in an upward trend.
At that time, BTC was at $7,900. Since then, BTC has grown 760% over 561 days and suffered a 76% correction over 493 days.
Does it mean something? I believe that if you have been involved in such a market for all this time and have persevered, you have undoubtedly learned to have an effective approach and, above all, to be an active supporter of it.
What's your opinion?
Ragards.
Update on the Path to $100K and $150K BitcoinHere's an updated 'Path to $100k - $150k Bitcoin' study.
We've already seen the power of the ETF money flowing into these markets, which seems unstoppable with Blackrock and Fidelity now with over $16B in AUM.
We're also now seeing heavy corporate accumulation by the likes of MSTR which just upsized it's convertible debt offering to $700M from $600M to buy more Bitcoin.
But as I've been speculating lately that other corporate accumulation has already begun, and would soon be 'revealed' at quarterly earnings reports and 10K filings...
A wallet address associated with Tesla has started showing new accumulation of BTC.
According to news sources: "Data from Arkham Intelligence reveals Tesla's apparent accumulation of Bitcoin, with holdings now at 11,509 BTC, up from 9,720 BTC. This surge, amounting to 1,789 BTC (approximately $120.4 million), suggests a renewed interest in the cryptocurrency."
And they're likely not the only ones.
It's a game of musical chairs, and not everyone will have a seat when the music stops.
How high will this push Bitcion and the rest of the crypto markets?
As you can see from this study analyzing the past cycle's fibonacci projectsions which correctly called the market cycle top exactly, and also by overlaying the last cycle's price action pattern, stretched out slightly to account for the pre-halving tempo of this market...
We can clearly see $100k Bitcoin as the likely next point of resistance, and after potentially re-testing the current $70k new high, bitcoin could easily push higher to $155K this year.
Similarly, the chart suggests that at a full 3.618 Fibonacci extention like the last cycle, puts Bitcoin at a $210K high this cycle, likely in 2025.
What ar your thoughts?