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Bitcoinprice

Will Bitcoin Take Off?Bitcoin's price has been moving sideways for the last 114 days after reaching a new ATH. Now, the price has dropped below the previous ATH. In the early stage of the bull run, Bitcoin's price moved sideways for 210 days before making a significant bullish move. This time, we can expect a similar pattern, with the price likely continuing to move sideways for the next 1-2 months. We can expect a bullish move in the middle or end of the third quarter of 2024. Regards hexa
Long
by HexaTrades
BTC/USDT: Preparing for Wave 5 in the Elliott Wave Cycle on 1H CThe BTC/USDT pair on the 1H timeframe shows a classic Elliott Wave cycle, with Wave 4 appearing to have been completed and Wave 5 potentially about to start. Technical Analysis: Elliott Wave: According to Elliott Wave Theory, after Wave 4 (a corrective wave) completes, the market often enters Wave 5, which is usually the final bullish wave before a larger correction. RSI: The RSI is currently below 50 and is recovering from the oversold zone, indicating potential for an upward move, aligning with the anticipated Wave 5. Bollinger Bands: The price is near the lower band of the Bollinger Bands, suggesting a potential rebound towards the middle or upper band in the short term. Trading Plan: Entry: Wait for a confirmed breakout above the peak of Wave 4 with increased trading volume to confirm the uptrend. Take Profit (TP): The target for Wave 5 is expected in the 72,000 - 75,000 USDT range, based on Elliott Wave structure and previous resistance levels. Stop Loss: Place it below the bottom of Wave 4, around 66,800 USDT, to minimize risk. Note: Trading based on Elliott Waves can be highly rewarding, but there is also potential for misinterpretation, especially if Wave 4 extends into a more complex corrective structure. Closely monitor indicators and volume for confirmation of the move.
Long
by cashback-ventures
1
Bitcoin Futures Hit $40.5B—Big Move Coming? #BTCBitcoin is primed for a big breakout as open interest in BTC futures just hit an all-time high of $40.5 billion! This shows that the smart money is piling in, and volatility is about to spike. 📊 Key Trends to Watch: Institutional Interest Growing: CME leads the futures market with 30.7% of total open interest, followed by Binance. Institutions are making their moves, and you should too. 💼 Support at $69,000: BTC tested the $69K resistance but couldn't break through. Will it take a 2nd attempt? Many analysts say $70K+ is in play once this level cracks. On-Chain Signals: Bitcoin supply on exchanges is at a 5-year low, signaling fewer sellers and potential upward pressure. 🛑 Key Catalysts Ahead: U.S. Election Optimism 🗳️ —Markets love clarity, and any positive news could give Bitcoin the push it needs. ETF Momentum 📈 —Spot BTC ETFs are seeing major inflows, hinting at increased demand from institutional investors. Potential Scenarios: 🚀 Break above $70K: We could see a rapid run toward $75K. 📉 If rejected, strong support sits around $63K, so this could be a good pullback opportunity. What are your next moves? Follow closely, because volatility is knocking! 📉📈
COINBASE:BTCUSDLong
by bitcoinsentinel
1
Bitcoin (BTCUSD): dip was bought, but no green light yetFollowing up on our previous update, the market found support at the anticipated level, resulting in a double dip, and subsequently rebounded. From a technical perspective, we remain within the confines of the long-term bullish flag pattern. A break above the 70k level would confirm the end of this pattern and potentially trigger a new leg up. Meanwhile, near-term support is expected to be found around the 66k level, IF we get there. To be continued..
BINANCE:BTCUSD
by MCFractalStudies
New bitcoin pattern on 1WUsually on Monday we publish analytics with a local perspective, but this time we have not enough information for a full-quality forecast. Nevertheless, this week is notable for the fact that a new EXP pattern has formed on INDEX:BTCUSD on the weekly timeframe. It is notable that we have an earlier pattern from May 21👇 And the new pattern is essentially the "big brother" of the smaller pattern and gives us more distant target levels (as is often the case with higher-level patterns, most likely not all of them will be reached). The fact that the formation of this model occurred through the touch of the trend line increases the probability of a test of $73,757 and $77,723 (but only increases, the level of uncertainty is still high).
INDEX:BTCUSD
by TSFC
1
Bitcoin Q4 Surge Incoming? As institutional giants rally around Bitcoin, with MicroStrategy now holding $15 billion in BTC, analysts are predicting a potential move toward $85,000-$100,000 by the end of the year. Historical data shows Q4 is typically bullish for BTC, and this trend could continue with increasing institutional adoption and upcoming ETF approvals. 📈 📊 Key Levels to Watch: Support: $62,000 Resistance: $71,000+ Don’t forget about the influence of macroeconomic events like central bank policies, which could further boost the rally! 🌍 Join the discussion: Will Bitcoin break its all-time highs this year? Or is this just the calm before a storm? 🔔 Upcoming Events: October 24th: Key US retail sales report October 31st: Fed interest rate decision
COINBASE:BTCUSDLong
by bitcoinsentinel
Is Bitcoin's Breakout from Accumulation Channel a Sign of FurtheBitcoin, the world's largest cryptocurrency, has recently surged past the $68,000 mark, setting a new local high and confirming its bullish uptrend. This significant breakout has ignited excitement among analysts and investors, who are closely monitoring the cryptocurrency's next moves. As Bitcoin continues its ascent, many are speculating about the potential for further gains and the factors driving this momentum. One of the key factors contributing to Bitcoin's recent price surge is its breakout from a long-term accumulation channel. This technical pattern, which has persisted for over seven months, indicates a period of consolidation and accumulation before a potential price increase. By breaking out of this channel, Bitcoin has signaled a shift in market sentiment and a renewed bullish momentum. Analysts and experts are closely examining various indicators to gauge the strength of Bitcoin's uptrend and identify potential resistance levels. The Relative Strength Index (RSI), a momentum oscillator, is currently hovering near overbought levels, suggesting that a short-term pullback may be necessary to consolidate gains before further upward movement. However, the overall trend remains bullish, and a break above the previous all-time high of $69,000 could signal a more extended rally. In addition to technical analysis, fundamental factors are also playing a role in Bitcoin's price appreciation. The growing adoption of cryptocurrencies by institutional investors and corporations is driving demand for Bitcoin as a store of value and a hedge against inflation. Moreover, the increasing use of Bitcoin for payments and remittances is contributing to its mainstream acceptance. However, it is essential to approach the current Bitcoin rally with caution. The cryptocurrency market is highly volatile, and prices can experience significant fluctuations. While the long-term outlook for Bitcoin remains positive, short-term corrections are a common occurrence. Investors should be prepared for potential pullbacks and have a well-defined risk management strategy in place. As Bitcoin continues its upward trajectory, several key factors will likely influence its future price movement. The regulatory landscape, particularly in the United States, will play a crucial role. Favorable regulatory developments could further fuel Bitcoin's adoption and price appreciation. Additionally, the macroeconomic environment, including interest rates and inflation, will also impact investor sentiment towards risk assets like Bitcoin. Furthermore, the competition from other cryptocurrencies cannot be overlooked. While Bitcoin currently dominates the market, the emergence of new and innovative projects could potentially challenge its position. The development of scalable blockchain solutions and the introduction of new use cases for cryptocurrencies could impact Bitcoin's market share. In conclusion, Bitcoin's recent breakout from a long-term accumulation channel has ignited excitement and speculation about its potential for further gains. While the overall trend remains bullish, investors should approach the current rally with caution and be mindful of potential risks. By carefully considering technical analysis, fundamental factors, and the competitive landscape, investors can make informed decisions about their Bitcoin investments.
CME:BTC1!Long
by bryandowningqln
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 18, 2024Technical Analysis and Outlook: The Bitcoin ''Interim Rebound'' rammed through our Mean Res 66300 and Inner Coin Rally 67000 and rested at our Mean Res 68500 in this week's trading session, and it is currently poised to hit Inner Coin Rally 69300. A breach of this critical price level will catalyze a movement towards the all-time prices marked as Key Res 73200 and the completed Main Inner Coin Rally 73300. However, on the downside, the interim bearish sentiment may lead to a decline in the coin's price value to the Mean Support level of 66800 and possibly the Mean Support of 65300. Only then will the primary recovery and advancement into the subsequent phase of the bullish movement be realized.
BITSTAMP:BTCUSD
by TradeSelecter
BTC Bitcoin UpdateIf you haven`t bought BTC before the rally: nor sold the top: Now Bitcoin could be positioned for a rally toward $69,000 as U.S. major stock indices hit record levels. Historically, Bitcoin has shown a strong correlation with broader market sentiment, particularly during periods of risk-on trading. With investor confidence growing in the stock market, crypto assets like Bitcoin may also experience increased buying interest. Institutional investment could play a key role in pushing Bitcoin to new heights, especially with the favorable macro environment as GDP - in line with expectations today - and the recent 50bps rate cut.
Long
by TopgOptions