Bitcoin Macro TP 2 Target: $132.5kTwo simple reasons why Bitcoin's secondary macro target from two different patterns lines up with roughly 132.5k.
Could we go higher? Sure, but this is a good measured macro target for this cycle.
An old W or double bottom pattern which successfully targeted 62.8k as a macro TP 1 during the last cycle's top, points to a macro TP 2 of 132.5k.
A parallel channel formed between last cycle top and the lows that followed it, targeted a more local TP 1 around 75-80k, which we've reached and since exceeded, and its TP 2 is also 132.5k.
BVOL7D trade ideas
BTCUSD towards 115k and lowerBased on RSI divergence and supportlines. Supportline below RSI. Channel for the impulse. Supportline for the finalization of wave 5. Top in start January.
BTC BETWEEN 40K - 35K REGION MIDDLE 2027Bitcoin will get trough 100k maybe 103k and initiate a pullback to 80k to 70k region preparing to make an new high between 115k and 125k region and then start the dump(bear market) in the last half of 2025, according to big divergences in the monthly and weekly timeframe to finally reach his new low at 40k to 35k region in the middle of 2027.
Strong buy on BitcoinThe price has seen the main break even and made a beautiful pin bar. It works as a strong buy signal. The stop loss is behind the shadow. The last target is the all-time high. As Bitcoin moves, every other coin moves in the same direction, too, so you can have long positions on other assets according to your personal strategy and entry point.
Bitcoin long/short ratioAn oldie but a goodie. Concatenate into a Fibonacci channel, and watch it dance in the fibs. Bitcoin dominance (BTC.D) is breaking out and there’s a gap to over 90%, so bitcoin might really pump here and test into the hundreds of thousands of US dollars. The long short ratio looks primed for a fresh high.
Weekly Cup and Handle Targeting 124kJust noticed this, no drawing here - TradingView's built-in cup and handle indicator is drawing a bullish cup/handle on the weekly Bitcoin chart, targeting 124k approx.
Neckline is around 67k, which should be our next target if Bitcoin can hold a local support level between 60-62.5k and not lose 56.5k on the weekly.
Here's what that looks like on the linear chart, chart above is log:
Good luck!
Bitcoin Mining Profitability: What’s the Break-Even? Hey Miners With the current mining conditions, many miners are facing profitability challenges. Here’s a quick breakdown of where Bitcoin’s price needs to be for mining to break even:
Current Mining Profitability: 0.0439 USD/Day per 1 THash/s
Power Cost per Day: $12.05
Current Earnings: $4.83 per day (leading to a $7.22 loss per day at the current BTC price)
Break-Even BTC Price:
To cover power costs and break even, Bitcoin needs to trade at approximately $64,870. At this price point, mining becomes profitable, meaning your daily earnings would equal or exceed your power costs.
As the mining landscape evolves, understanding these thresholds is crucial for staying ahead in the game. Keep an eye on these key metrics to navigate the ever-changing profitability of Bitcoin mining!
BITSTAMP:BTCUSD
$BTC descending broadening wedgeBitcoin is clearly on a descending broadening wedge pattern. This is a bullish pattern with target at 100-105k. This would also be the 5th and final wave of this bullish momentum that started at 15k. It will be aggressive and quick. I don't believe that this 5th wave will be that short, so my price target is 200k to mark the end of this bull market. Let me know your thoughts in the comments.
Bitcoin is going to crash hard towards $5k or even lower Bitcoin made a double top at All Time High with a divergence. That means upwards momentum is exhausted.
Now price is seems to be going lower in an Eliott Wave impulse with waves (1), (2) already done.
MA200 W1 which is the most important support since Bitcoin inception is near, and breakdown through this level means huge panic.
Bitcoin is going to crash hard towards $5k or even lower Bitcoin made a double top at All Time High with a divergence. That means upwards momentum is exhausted.
Now price is seems to be going lower in an Eliott Wave impulse with waves (1), (2) already done.
MA200 W1 which is the most important support since Bitcoin inception is near, and breakdown through this level means huge panic.
Bitcoin adjusted to market cycleI think something like this make sense? We are at a 1st leg or wave of impulse, that is led by early adapters. 2nd leg up would be BTC outperforming SPX. 3rd wave would be a market chop w/ still some opportunities. 1st wave -> buy when it's cheap (bellow 70k crowd). Then comes rally to 120-150k. Before it becomes too expensive. 2nd and 3rd wave are led by ppl missing on a bandwagon, good returns. No crystal ball, see what happens:)
> Driver is the rate cuts and money at money market funds.
You can also see how divergence in BTC/SPX graph was the market top for btc.
BTC 'Schedule' update w/ CNHCurrently in C-D on consolidation pattern and holding the 618.
Looking for a b/o sometime late September, based on 618-786 of the consolidation pattern.
-Massive CNH has a tgt of over 100k.
-Consolidation flag has a tgt of 92k
-TL from previous HH's has confluence with the CNH tgt.
A "fakeout" wick back to 59k is plausible to pick up liquidity.
Bitcoin over the next couple of weeks - reaccumulation Price is in a reaccumulation period in wave 4 of wave (5). It seems to be a huge expanding flat pattern which is not done yet. Expect some swift moves to the up and down once last panic leg is done a huge move on a very high momentum towards $100k will ensue.
BTC CONSOLIDATIONBTC looking for its next big up, i dont think itll hangout here long so pack your bags alts are headed to the moon while were headed to 73k. Wondering if itll go retest 64k first but i think its very unlikely right now... i guess we'll see over the next few hours. Super bullish on this one. First target 73k next target 96k for ATH and final top for this cycle... we shall wait and see