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Bitcoinprediction

Bitcoin Weekly MACD Cross: Bullish Momentum BuildingBTCUSDT technical analysis update. In the weekly Bitcoin chart above, we can see that the price has been consolidating after a strong bullish rally. The key point to note here is the potential MACD crossover, which could signify a shift in momentum. The blue MACD line is approaching the red signal line from below, indicating that a bullish crossover might be imminent. This could suggest that the bearish phase is weakening and that Bitcoin is preparing for an upward move. The histogram has been decreasing in negative territory, which typically points to diminishing bearish momentum. A shift to positive values could confirm a trend reversal. The price is currently trading near key resistance levels, and if the MACD crossover happens, we could expect Bitcoin to break through these resistance zones, possibly leading to a significant upward move. Wee should closely monitor the MACD for confirmation of the crossover on the weekly chart, as this signal has historically been a strong indicator for trend reversals in Bitcoin. If the crossover happens, it could lead to a sustained bullish move. Regards Hexa
CRYPTO:BTCUSDLong
by HexaTrades
Bitcoin technical analysis + trade plan by BFTechnical Analysis for Bitcoin (BTC/USDT) by Blaž Fabjan Overview of Current Market Structure: Descending Trading Channel: The Bitcoin price is currently trading within a descending channel, marked by parallel lines of resistance and support. The price has respected both boundaries and continues to oscillate between them. Support: The current support level within the descending channel is approximately 60,000 USDT, as shown by the lower green line. Resistance: The resistance level is around 61,758 USDT, as indicated by the upper green line. Potential Breakout: A potential breakout to the upside is indicated by the analysis. If the price breaks through the resistance zone, we may see a rally towards the 64,591 USDT mark, which is a key resistance level in the broader time frame. Indicators Analysis: RSI (Relative Strength Index, 14 periods): The RSI is currently around 39.25, which indicates that the market is in a slightly oversold condition. This suggests a potential buying opportunity if momentum shifts to the upside. Stochastic Oscillator (14, 3, 1): The stochastic oscillator shows a value of 27.09, signaling that the market is near the oversold region. A bullish crossover between the %K and %D lines could trigger an upward move. VMC Cipher B Indicator (Divergences): The VMC Cipher B Divergences are currently showing bearish momentum, but the price appears to be bouncing off a significant support level. We are awaiting confirmation for a reversal. HMA Histogram (40, 44): The HMA Histogram shows a value of 91.97 in the short term, indicating that bearish momentum is starting to slow, and a potential bullish reversal could occur soon. Key Levels to Watch: Immediate Support: The key support level lies around 60,000 USDT. If the price drops below this level, further bearish movement towards 58,000 USDT could be expected. Immediate Resistance: Resistance stands at 61,758 USDT, the upper boundary of the descending channel. A breakout above this level could trigger a bullish rally. Key Target Level: The next major target on a breakout would be the 64,591 USDT resistance, where the price is likely to face significant selling pressure. Trading Plan: Bullish Scenario: Entry Point: Look for a breakout above the 61,758 USDT resistance level. Confirm the breakout with increasing volume and price closing above the channel. First Target: 64,591 USDT, which is a major resistance zone in the upper range. Stop Loss: Place the stop loss slightly below the support level of 60,000 USDT to manage downside risk. Second Target (Aggressive): If bullish momentum continues, a potential extension towards 65,500 USDT is possible, aligning with previous highs. Bearish Scenario: Entry Point: If the price fails to break above the 61,758 USDT resistance level and starts rejecting at this point, consider a short position with a breakdown below the 60,000 USDT support. First Target: A drop towards 58,000 USDT could be expected if bearish momentum accelerates. Stop Loss: Set the stop loss above 62,000 USDT, just outside the resistance of the descending channel to account for volatility. Neutral Scenario (Sideways Trading): If the price consolidates between 60,000 and 61,758 USDT, wait for a clearer breakout or breakdown before entering any trades. The current channel suggests potential opportunities, but patience for confirmation is key. Risk Management: Position Size: Use proper risk management by not risking more than 1-2% of your capital on any trade. Risk-Reward Ratio: Maintain a favorable risk-reward ratio of at least 1:2 or higher to ensure the profitability of your trades.
Long
by elfabiiani
1
Bitcoin falling to 59K??? Short-term prediction!!Hey guys! Many interesting things happening at the market right now, and here are my thoughts about BTC. So in quick we have a red cross on 4H, so seems like we at least can see BTC around 59K, cause also this is important Fib 0,618 level. The volumes are still descending, plus the green line was broke, which means that we have a convergence with volume. For me, for sure we gonna touch 59K zone and after we will see. What's your thoughts?
Short
by SheTradesHub
Bitcoin's local perspective 07.10.24Now, INDEX:BTCUSD has formed an ascending pattern AMEXP (yellow)👇 that describes a correction within the previous descending pattern AMEXP (red)👇 If now the price can break through the $64,076-$64,236 zone, we may see a continuation of growth with targets at $64,738 and $64,955, followed by a correction to the range around the $62,368 level. After that, we will have to watch the reaction to this zone and the trend line in more detail, as there is a possibility to go to $66,000, and there is a possibility to renew the swing low and say hello to $57,834 - so the area around the $62,368 level will be an important place for decision making.
INDEX:BTCUSD
by TSFC
Cardano: Crash Ahead? Prepare for a Potential 20%+ Downside!Hey Realistic Traders, let’s dive into the analysis of BINANCE:ADAUSDT On the daily chart, Cardano continues to struggle below the critical EMA200, signaling a persistent bearish bias. Even more telling, the price has repeatedly respected the bearish trendline, underscoring the strength of this downtrend. To make matters worse, we've seen a breakout from two major bearish formations: the Rising Wedge and the Ascending Broadening Wedge. Both patterns point to a continuation of the downward spiral. Adding fuel to the fire, the MACD has made a clear bearish crossover, confirming that the bears are firmly in control. Based on these signals, we anticipate a sharp drop toward the first target at 0.2753. After that, a brief pullback could bring prices back into the green zone before heading even lower to the second target at 0.2384. This technical outlook remains valid as long as the price stays above the support area at 0.4158. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Cardano. Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Short
by financialfreedomgoals101
3
BTC Bullish Above $65.5K, Bearish Below $60K | Weekly to 4-HourHey everyone, it’s Mindbloome Trader here! Let’s dive into Bitcoin’s charts, from the weekly to the 4-hour timeframe. If BTC breaks above $65,570, we’re in for a bullish run. But if we dip below $60K, things could turn bearish fast. Keep these levels on your radar and, as always, trade what you see. Let’s get it! Key Levels: Bullish above $65,570 (Target higher moves) Bearish below $60,000 (Watch for downside pressure) Mindbloome Trader Trade what you see
MARKETSCOM:BITCOIN
by Mindbloome-Trading
BITCOIN: October Key Levels BreakdownBitcoin Technical Analysis: Key Levels Breakdown In this analysis, we see a scenario where Bitcoin might move down first to clear specific liquidity levels, which could generate the necessary buying power to fuel a larger upward movement later. Below, I've clearly defined both the liquidity zones and the support/resistance levels, each serving different but crucial roles in the upcoming price action. Liquidity Levels: These liquidity levels are important as they indicate areas where significant orders are likely resting. When the price moves into these zones, it can trigger a lot of buying or selling activity, leading to increased volatility and potential trend reversals. Essentially, liquidity grabs help gather the buying power necessary for the next major move. $64,500 - $64,000: A key upper liquidity zone. Breaking above this area would likely trigger significant buy orders, pushing the price strongly upwards. $62,500 - $62,000: This zone is likely to be an area of liquidity grab before a potential move up. Traders might see strong activity here as it collects both stop-loss orders and new market orders. $60,000 - $59,500: A deeper liquidity level where substantial buy orders might be triggered. This area could play an important role in re-establishing bullish momentum if the price drops. $57,300 - $57,000: The lowest liquidity zone highlighted. If the price dips this far, it could indicate an opportunity for long-term accumulation, and we could see a substantial bounce back up from here. Support/Resistance Levels: These levels represent important areas derived from Fibonacci retracement values and high volume notes, which are often used to identify potential turning points. They serve as natural areas of support during a correction or resistance during an uptrend. $63,600 - $63,000: This area is currently acting as a resistance level. Breaking above could confirm further bullish momentum. $62,250 - $61,900: A potential support zone. This level might see price stabilization or a bounce if Bitcoin retraces here. $61,200 - $60,800: A critical support area near the daily trendline. Holding this level could provide a bullish setup for a further move up. $59,300 - $58,900: Another significant support area, which may serve as a reversal point if the price drops lower. $58,000 - $57,500: A foundational support level. It coincides with the lowest Fibonacci levels, indicating a strong potential bounce if the price finds support here. Summary: In this analysis, we expect Bitcoin to dip to collect liquidity from some of the identified zones before making a strong push upwards. Liquidity zones are crucial for creating buying power, while the support and resistance levels help identify areas where prices could stabilize or reverse. Watching how Bitcoin reacts at these levels can offer great insight into the market’s next moves, and provide potential trade opportunities. The key takeaway is that after clearing liquidity, a strong bullish move is likely.
Long
by Davy_h
Bitcoin BTC price sets the mood of the crypto marketThe Oc Uptober fest did not go well on the crypto market - sadness, pain, and the red color reigned supreme. But is it really that bad, let's find out. OKX:BTCUSDT price has dropped to $60k and the middle of the channel, where the price has been consolidating for more than 7 months. And although we have set $57k per CRYPTOCAP:BTC as a critical level for ourselves, but maybe we don't need to go there anymore ?) It's better to use 1-2 large green daily candles up to GETTEX:64K per #Bitcoin. Unfortunately, we don't control the market) 🟢 BTC.D - 58.17% 🟢 USDT.D - 5.82%. Both indices are slowing down their growth and trying to turn down, which may be a fresh breath of air for altcoins, but it will probably not be enough for everyone) 🔴 The Fear and Greed Index is 37 (a couple of days ago it was 61), there is already fear, but not yet critical, which is where global reversals usually come from. 🍿 We are waiting for Chinese liquidity to enter the cryptocurrency market, just a little more patience. By the way, LSE:CFX with “Chinese roots” has held up quite well in recent days, it is worth keeping an eye on. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
Bitcoin / USD May Rise to 64,370 - 65,100 (READ DESCRIPTION)Bitcoin / USD May Rise to 64,370 - 65,100 Pivot Point: 61,760 – This level acts as the key pivot for price action. Trading above it signals bullish momentum, while breaking below may indicate downside risk. Primary Strategy (Our Preference): Entry Point: As long as 61,760 is support, expect the price to rise toward 64,370 and potentially 65,100. Alternative Scenario: Entry Point: If the price breaks below 61,760, consider short positions for potential downside. Target Levels: 60,550: This serves as the initial downside target. 59,820: Further bearish momentum could push Bitcoin toward this lower support level. Technical Outlook: RSI Indicator: The Relative Strength Index (RSI) is above 50, indicating bullish sentiment and supporting further upside. MACD Indicator: The MACD is positive and above its signal line, confirming the potential for further gains. Moving Averages: Bitcoin is trading above both its 20-period and 50-period moving averages (respectively at 62,441 and 62,143), signaling ongoing short-term strength. Comment: The RSI and MACD both indicate a bullish configuration. As long as the price remains above the 61,760 pivot point, further upside toward 64,370 and 65,100 is expected.
MARKETSCOM:BITCOIN
by CharivapaAlgo
BITCOIN after the FOBO ! ( FAKEOUT BREAKOUT) BITCOIN, after the FAKEOUT BREAKOUT, has re-entered the bearish channel that we’ve been monitoring for several months. This was a false breakout, which left many of us hopeful for a bullish market, but it turned out to be the opposite! But no worries, we must wait. The important thing here is that, within the bear market we saw last week, the price bounced off a very important and key zone that we’ve been tracking for several months. This purple zone is what I call my inefficiency zone, which I also consider one of the strongest areas where Bitcoin has previously made strong impulses. The only thing we should consider here is that Bitcoin will likely try to break the channel again. We can’t do anything until the price is on the other side of the channel. It’s that simple! Don’t try to enter right now because the price could pull back. Always pay attention to the immediate structure being presented and WAIT! We already have confirmation that the price has bounced within our inefficiency zone. Now, we just wait for the breakout, so patience is key! That’s my advice for this week. Best regards, and thank you for supporting my analysis.
COINBASE:BTCUSDLong
by RocketMike111
BTCUSD Reverses from Major Resistance, Downtrend ExpectedBTCUSD has been trading in a well-established downtrend channel over the past few weeks. Recently, it hit a major resistance level and is now showing signs of a reversal to the downside. Key Resistance Break: The price action indicates that BTCUSD is failing to break through the resistance level, signaling a potential continuation of the downtrend in the upcoming sessions. Potential Target: Looking ahead to next week, we anticipate that BTCUSD may resume its downward trajectory and could potentially touch the 55,000 mark if the bearish momentum continues. RSI Momentum Shift: Multiple RSI lines have shifted downward, confirming the weakening momentum and supporting the likelihood of further downside movement. Conclusion: Traders should watch for confirmation of the downtrend as BTCUSD moves further from resistance. The technical indicators, particularly RSI, suggest that the market remains bearish in the near term. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk, and you should conduct your own research or consult with a licensed financial advisor before making any investment decisions.
BITSTAMP:BTCUSDShort
by Sudhir-Sirohi
(BTC) October predictions - BEAR & BULLHello Tradingview community! As always: If these patterns I'm showcasing doesn't work as predicted.. then please don't come crying to me (ty) -> NFA DYOR Alright.. the chart explains itself as you can see We got 2 scenarios/targets for October: Bull targets-> 66k-70k Bear targets-> 52k-46k I do find it more likely to go up than down.. Why? Well Q4 in a bull market is usually heavy green and especially towards a presidential election Anyway, Keep in mind this is only an idea/prediction that could easily be wrong in many ways. I will update this post in the future! BOOST if you like it and follow for more NFA DYOR <<<<-----
by RandomTAdude
1
Bitcoin's local perspective 30.09.24The nearest movement on BTC is now being described by the AMEXP model on the hourly timeframe, where we have two key target zones for the price: at least $62,027-$61,718 and if the impulse will be strong, it will be $59,893-$59,447. After reaching these zones, we can expect a rebound to at least ~$64,000 and as a variant of scenario - an attempt to update the high, but frankly, it is too early to talk about it. In the specified range of $62,027-$59,447 we will try to find a long with the aim to catch at least a rebound. Let's specify that the position will probably be a small size, as there are high risks of not stopping in the mentioned area.
INDEX:BTCUSD
by TSFC
Uptober Delayed?One often-shared myth among crypto traders is that of 'Uptober'. After a slow summer, markets tend to pick up in October. This is somewhat based on historical data. October is the third-best best performing month for crypto assets after November and April going all the way back to 2012. Expectations for this current October are set high after the long-awaited Federal Reserve rate cuts finally materialized. And indeed, Bitcoin's price had started slowly climbing from early September onwards. The scene was set for an acceleration during 'Uptober'. But as we know, reality rarely follows a trader's playbook. Escalating conflict in the Middle East has started to push up the price of crude oil. This throws additional uncertainty over what could be a worsening economic outlook, just ahead of a crucial American election. The number of unknowns is rising, and Bitcoin's price action continues to prove that it is still far from being seen as a 'risk-off' asset comparable to gold. As Bitcoin's price predictably retreated, Gold rallied. The BTC-Gold flippening is clearly a long way off. However, it is not all doom and gloom. Bitcoin recorded both a higher low in early September compared to the previous August low and a higher high compared to one month ago. Also, the impact of rate cuts is only slowly starting to impact markets. The rate cuts will certainly benefit Decentralized Finance (DeFi) protocols who will once again be able to compete with their higher yields against now lower-yielding, but far more secure Government bonds. The mood in markets has slightly shifted away from the misery that many participants felt earlier in the summer. The launch of the much-anticipated Eigenlayer token has so far played out better than some had expected. A slow renaissance of DeFi tokens is starting to register. And even a hippo-themed Memecoin rallied to $300m market cap in 2 days before retracing. Bullish traders continue to test the waters. Earlier in the year, the bulls had exhausted their buying power when the market rally fizzled out. Now it might be the bears who have nothing left to sell. Maybe not all hope is lost for an Uptober rally after all.
by Coinrule
BITCOIN ONCE MORE ON THE RISE!!Hello and welcome back friends i have some exciting cooks for the next crypto PUSH of 2025. Bitcoin is looking great despite the world events which is nothing more than a reason to set up bitcoin for its spring to the upside. After a war there's always profits once it resolves. Indicator (1). Donald T. Speculation if he wins it will push crypto, he is pushing a crypto narrative and wants to make the USA a BTC/Crypto Hub. Indicator (2). Banks are having innovation coming in 1-2 years through company SWIFT for adaptation of Digital Currency. Indicator (3). XRP just received greenlight for adaptation as one of DUBAI's currencies. Check your own facts so that you can correlate to this post as ive done my research to. Its just funny, as well as interesting to notice how the chart TELLS US where the market will go, and then the world events make it happen. Absolutely amazing to have conviction through these markets at these very moments we are in a bearish dip for BETTER BUYS. This baby will continue to pump thorugh 2025. Now..... For the Analaysis haha. As we can see from the chart BTC seems to have a strong floor here at the 60,000 Price range. i have it marked up by a green textile box that price has a great level of support and resistance if you notice to the left. Currently sitting on the 0.236 of our Fibbs from a swing low to swing high out look, and as the jingle goes from low to high we're looking for buys at key levels of the fibb. If she decides to dump a little further for reasons of war & fear, but as stated earlier thats actually a good thing for a higher push in economies. Black swan events despite being unfortunate bring prosperity in goods overtime. This level would be the 0.382 or price at 51,500 of BTC. this will be another VERY strong floor for BTC to quickly recover from notice the wick Monday 5 Aug. We're in for some Bullish runs team Lots of love keep yourselves well and DCA through this crypto market build your portfolios and HODL for 2025.
BITSTAMP:BTCUSDLong
by IJackPips
The Bitcoin Dilemma: To Go Long or Not to Go Long?Let me share my observations on Bitcoin, starting with the obvious. On the 4-hour chart, any trader with more than a week of experience can see that Bitcoin is moving in a widening descending channel. To put it simply, the price action is forming a "trail" that fits perfectly within this channel. Over the past few days, prices have been "testing" the $60,500-$60,000 level, which suggests a potential move lower, aligning with the direction of the descending channel. Ok, fine. Meanwhile, on the CME and other major crypto exchanges, options with strike prices of $80,000 and $100,000 are being traded a lot with an expiration date in December 2024. That's a far cry from the current price, and it's anyone's guess what the future holds. Will we see a "tothemoon" or a multi-month bottom? Personally, I'm "sitting on the fence" and won't be going long until I see some confirmation on the chart.
COINBASE:BTCUSD
by ClashChartsTeam
Will BTC Reach $54k Again!Hello traders, Here's an update on BTC in 8-hour timeframe. After reaching a high of $66.5k, BTC saw a 10% rejection. Currently, it is trading below the 100 EMA, and unless BTC breaks and closes above the 100 EMA, the bearish trend will likely continue. It will be interesting to see whether BTC makes a comeback or rejects further down to $54k. The RSI is nearing the oversold zone, which could signal a rebound, but let’s remain cautious. As seen in the chart, the RSI was previously near the oversold zone, leading to a rebound, but it eventually dropped by 14%. The only way this drop will be invalidated is if BTC breaks above the 100 EMA. Let’s hope for the best and stay cautious. Not financial advice.
by Dexter_The_Trader