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Phemex Analysis #34: BTC Rise Pass $90k, is $100k Coming Next?Today, Bitcoin has embarked on a remarkable journey, soaring past the $90,000 mark. This audacious climb has ignited speculation about its next destination: the coveted $100,000 milestone. As the digital asset continues its upward trajectory, several scenarios may unfold in the days to come. 1. A Bullish Future: A successful breach of the $100,000 resistance level could unleash a wave of bullish momentum, propelling Bitcoin to even greater heights. Strong buying pressure and positive market sentiment, coupled with favorable macroeconomic conditions and increased institutional adoption, could further solidify Bitcoin's position as a valuable asset. 2. A Temporary Pause: However, it's possible that Bitcoin may encounter resistance at the $100,000 level, leading to a period of consolidation or even a temporary pullback. Profit-taking by investors who have realized significant gains could contribute to a short-term decline. For those looking to accumulate more Bitcoin, support levels like $80,000 or $75,600 could present buying opportunities. 3. A Bearish Turn: In a more bearish scenario, Bitcoin could face strong resistance at the $100,000 level, resulting in a price rejection. Negative news, such as unfavorable regulatory developments or macroeconomic headwinds, could exacerbate the downward pressure. Additionally, a 1D RSI divergence could signal a potential price correction towards the $80,000 or $75,600 support levels. Conclusion: The current market sentiment is overwhelmingly bullish, with many anticipating Bitcoin to reach $100,000. While this potential exists, it's crucial to approach the market with caution and implement sound risk management strategies. At Phemex, we advise traders to conduct thorough research and prioritize long-term gains over short-term profits. Tips: Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like multiple watchlists, basket orders, and real-time adjustments to strategy orders. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
Secrets of the 350-Daily Moving Average(350-DMA)🔮Hi, everyone👋. Today I want to tell you the secrets of 350-Daily Moving Average(350-DMA) in the monthly time frame. By reading this post, you might find an approximate target for Bitcoin before the 2024 Halving. First of all, I suggest you read the following two posts, and maybe our strategy puzzles will be completed before the 2024 Halving.🧩 ------------------------------------------------------------------------------------------------------------------------------------------------------------------ 🔮 Secrets of the 350-Daily Moving Average(350-DMA): Between two consecutive Halvings, Bitcoin must go below 350-Daily Moving Average(350-DMA) once. The duration of Bitcoin under the 350-Daily Moving Average(350-DMA) is between 335-396 days (the movement between the two Halvings of 2022 and 2024 is very similar to the movement between the two Halvings of 2012 and 2016). After the monthly candle closes above the 350-Daily Moving Average(350-DMA), Bitcoin has never gone below 350-DMA again before the next Halving. After the monthly candle closes above the 350-Daily Moving Average(350-DMA), Bitcoin starts its growth for a new All Time High(ATH). Due to the similarity of the recent movement of Bitcoin to the movement of Bitcoin between the two Halvings of 2012 and 2016, if we use the Bar Pattern tool, Bitcoin can have a price of about $ 50,000 before the Halving of 2024 . 🎉 In the coming days, I will try to share other secrets with you, and maybe our puzzle will be completed soon. ------------------------------------------------------------------------------------------------------------------------------------------------------------------ Bitcoin Analyze ( BTCUSD ), Monthly time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BITSTAMP:BTCUSD
by pejman_zwin
6
MicroStrategy Purchases 27,200 BTC Worth Over $2Bln, $BTC up 2%In a bold move signaling confidence in Bitcoin’s future, MicroStrategy has acquired an additional 27,200 CRYPTOCAP:BTC , worth over $2 billion, bringing their total Bitcoin holdings to an impressive 279,420 BTC. This acquisition further solidifies MicroStrategy’s position as one of the largest corporate holders of Bitcoin, placing them ahead of many major institutions in the digital asset space. As Bitcoin continues to break new highs, the company is not only seeing massive unrealized profits but also positioning itself as a key player in the ongoing adoption of Bitcoin. MicroStrategy’s Bitcoin Strategy: More Than Just an Investment MicroStrategy’s co-founder, Michael Saylor, has long been a proponent of Bitcoin ( CRYPTOCAP:BTC ), often emphasizing the digital asset’s potential as a hedge against inflation and a store of value. With their latest purchase, MicroStrategy has made it clear that their bullish stance on Bitcoin remains unwavering. At an average purchase price of $42,692 per CRYPTOCAP:BTC , MicroStrategy's total Bitcoin investment has now exceeded $11.9 billion. With Bitcoin trading at new all-time highs, the company is currently sitting on an unrealized profit of over $10 billion. Saylor’s announcement not only highlights MicroStrategy’s commitment to Bitcoin but also demonstrates the company’s strategic approach to accumulating Bitcoin, especially during market downturns or periods of consolidation. But it's not just about the numbers. MicroStrategy’s commitment to Bitcoin is a reflection of a larger trend among institutional investors. The company’s purchase of Bitcoin continues to position it as the fifth-largest Bitcoin holder globally, behind only Satoshi Nakamoto, Binance, BlackRock, and Grayscale. What sets MicroStrategy apart, however, is its position as the top Bitcoin holder among publicly traded companies, owning a significant 1.2% of Bitcoin’s total circulating supply. Bitcoin’s Technical Outlook: Poised for Growth As of the time of writing, CRYPTOCAP:BTC has risen 1.56%, marking a continuation of the bullish trend that has dominated the market in recent weeks. While Bitcoin is already trading at elevated levels, the technical indicators suggest that the digital asset’s rally may be far from over. One of the most notable patterns on the CRYPTOCAP:BTC price chart is the falling wedge formation. A falling wedge is typically seen as a bullish continuation pattern, indicating that despite recent price declines, the asset is setting up for a significant upward move. The RSI is currently at 78, signaling that Bitcoin is in overbought territory, yet this doesn’t necessarily mean a price reversal is imminent. In fact, the overbought condition could be a reflection of the strength and momentum behind Bitcoin’s bullish movement, with room for further growth. Additionally, Bitcoin has formed a golden cross pattern, where the 50-day moving average crosses above the 200-day moving average. This is widely considered a highly bullish signal, historically associated with major price rallies. With these key technical indicators in play, CRYPTOCAP:BTC looks poised to break past the $90,000 level, a price target that seems increasingly achievable given the current market conditions. Global Economic Shifts and Bitcoin’s Growing Role What’s perhaps most significant about Bitcoin’s current trajectory is how its role is evolving on the global stage. As more institutions and corporate players like MicroStrategy continue to accumulate Bitcoin ( CRYPTOCAP:BTC ), it’s clear that Bitcoin is no longer seen solely as a speculative asset but as a legitimate store of value and a hedge against economic uncertainty. The increasing adoption of Bitcoin ( CRYPTOCAP:BTC ) by both institutional and retail investors has already begun to shift perceptions of the digital asset. The current economic climate, characterized by rising inflation, volatile fiat currencies, and increasing geopolitical tensions, has created a perfect storm for Bitcoin’s rise. As traditional markets struggle with inflationary pressures, Bitcoin's limited supply and decentralized nature are becoming more attractive to investors seeking a stable and predictable asset. MicroStrategy’s latest acquisition comes at a time when Bitcoin is nearing new all-time highs, and the company’s strategic positioning in the market reinforces the broader trend of institutional confidence in Bitcoin. As one of the largest corporate Bitcoin holders, MicroStrategy continues to lead the charge, and its actions signal to other institutions that now may be the time to accumulate Bitcoin. What’s Next for Bitcoin and MicroStrategy? With Bitcoin showing signs of further bullish movement, many are wondering just how high CRYPTOCAP:BTC can go in this current market cycle. With the support of key technical patterns, such as the falling wedge and golden cross, and MicroStrategy's unwavering belief in Bitcoin’s long-term potential, the stage is set for CRYPTOCAP:BTC to reach new heights in the coming months. The path ahead may still be volatile, but the overall trend remains overwhelmingly bullish. As the world becomes more familiar with Bitcoin ( CRYPTOCAP:BTC ) and its potential, both the institutional and retail sectors are likely to continue increasing their exposure to the digital asset. The combination of strong institutional support, favorable technical indicators, and Bitcoin’s role as a global store of value suggests that CRYPTOCAP:BTC could be on the verge of breaking through the $90,000 barrier—and possibly even higher. For investors, traders, and institutions, MicroStrategy’s latest acquisition is a signal of what’s to come: Bitcoin is not just a speculative investment but a powerful asset in today’s global economy. With a growing number of institutional players following in MicroStrategy’s footsteps, the future of Bitcoin has never looked brighter. Conclusion MicroStrategy’s latest purchase of 27,200 BTC underscores the company’s continued belief in the long-term potential of Bitcoin. With the company now holding nearly 280,000 BTC and seeing significant unrealized profits, it’s clear that their Bitcoin strategy is paying off. As CRYPTOCAP:BTC continues to rise, MicroStrategy’s position as the largest publicly traded corporate holder of Bitcoin sets a precedent for other companies to follow suit. With Bitcoin's technical indicators suggesting further growth, CRYPTOCAP:BTC is primed for a bullish rally, and MicroStrategy’s strategic move could mark just the beginning of a broader institutional shift toward Bitcoin.
COINBASE:BTCUSDLong
by DEXWireNews
Bitcoin Situation - BullishYesterdays fake breakdown is the final sign before a real bullish run in our view. Bitcoin seemed to break below our 60k zone support before springing right back above and closing within the zone, after the close we looked for 4h continuation which we got and entered at the average shown. If you're out of the market and want to enter we'd recommend a dca approach on the lower timeframes down the fib retracement levels. We expect a small pullback from here before continuing up, even if it's just to 62ish. This is an opportunity that doesn't come very often in our view and could well be the start to ATH. The stoploss is set and should we break below we would look to the next support at 57.5k and then the 886 pcz of a bullish bat at 54k, but really we are not looking to break below the current support.
COINBASE:BTCUSDLong
by SynergyTradingSetups
Bitcoin on the Weekly Timeframe#Bitcoin Elliott Waves analysis does not specify the target but rather indicates the path. This means that as long as the price is reaching new highs, we can continue following the price’s upward movement until we label 5 smaller waves. At that point, caution and profit-taking should begin. Based on the Fibonacci extension from wave 1 with the bottom of wave 4, the target range is between approximately $99,000 and $150,000. However, an extension could occur, making wave 5 the longest, and the price could reach up to $240,000, which serves as resistance. We cannot confirm anything definitively until observing price movement during the rise.
INDEX:BTCUSDLong
by MohamedSewid
1
Bitcoin: Bullish Continuation Within Ascending Channelhello guys. The BTC/USDT 4-hour chart indicates a strong bullish trend, with Bitcoin trading within an established ascending channel. The price has been respecting both the upper and lower trendlines, creating potential upward scenarios. Here’s an in-depth technical analysis: Ascending Channel: Bitcoin is steadily moving within an ascending channel, with higher highs and higher lows. This suggests a continuation of bullish momentum unless there is a decisive breakdown. Potential Scenarios: Scenario 1: The price could continue rising within the channel, reaching the next resistance levels around $76,000 and potentially $79,978.02, as shown on the chart. Scenario 2: A pullback to the channel's midline or lower support could occur before the next leg up, providing potential entry points for buyers. Fibonacci Levels: The price has respected key Fibonacci retracement levels, indicating areas of interest for potential support and resistance. Key Levels: Support: Around $72,000, which aligns with the mid-channel zone. Resistance: Immediate resistance around $76,000, with an extended target near $79,978.02.
Long
by melikatrader94
4
#Bitcoin Big Bull Market Roadmap toward $200000#Bitcoin Big Bull Market Roadmap 🚀 CRYPTOCAP:BTC is hitting new highs every day, and I honestly believe this rally could be huge! We might see Bitcoin reach $150k-$200k for its all-time high. 🔹 Once we hit those levels, expect the usual cycle — a bear market. After this bull run, we could see prices dip to around $60k-$80k ( Which will be Bottom of NExt Bull Run ), where the current resistance will become strong support. 🔹 Right now, we're in a Bull Market, so expect a lot of positive news to come your way. But remember, don’t get too swept up in the excitement! If you’re sitting on big profits, make sure to take some off the table. 🔹 A lot of influencers will talk about big dreams, but stay grounded, focus on your strategy, and book profits when altcoins pump hard. You don’t want to be stuck holding 4 years if the market turns.
BITFINEX:BTCUSDLong
by CryptoPatel
8
Bitcoin Roadmap==>>Correction SignsBitcoin ( BINANCE:BTCUSDT )is moving near the Upper line of the Ascending Channel and Potential Reversal Zone(PRZ) , which acts as a Resistance line . According to the Elliott wave theory , Bitcoin has completed main wave 5 with the help of Ending Diagonal , and we should wait for Corrective Waves . Note ( Education ): The Ending Diagonal is the Rising Wedge Pattern in terms of Classic Technical Analysis . Also, Regular Divergence(RD-) between Consecutive Peaks in MACD and RSI and Volume Indicators . Note : Since trading volume is usually low on Saturdays and Sundays , we can expect the main corrective movement to happen at the beginning of the next week . I expect Bitcoin to have a corrective trend in the coming week , considering that there are attractive volumes for liquidating long positions at lower prices , as well as the technical analysis that I talked about above. Of course, from November 13 to November 15, important indexes will be released from the USA(Core CPI m/m, CPI m/m, CPI y/y, Core PPI m/m, PPI m/m, Unemployment Claims, Core Retail Sales m/m, Retail Sales m/m) , which can impact Bitcoin's main trend . ⚠️Note: We can expect more pumps if Bitcoin breaks the Potential Reversal Zone(PRZ) ⚠️ Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
56