BTC's Accumulation Phase: Identifying Cycles and Support ZonesH ello,
BTC has been in accumulation since spring this year. The white dotted lines show the accumulation curves. There are multiple cycles, each with a pump and a dump arm. The cycles might be different in size, but they share the green bottom support zone where large investors prefer to buy.
Bitcoin has a bullish cross signal from the MACD indicator at the bottom. However, the current price is far above EMA 20/50/100/200. Thus, a dip might manifest to correct the price per the EMAs. There's a high probability that players will buy the dip, though and the bull run can continue.
I wouldn't buy now because of the potential dip and because the price's at the falling trendline resistance. I aim for long positions, but I'd wait for a correction first and closely monitor how the price reacts around the falling resistance.
Regards,
Ely
BTC-D
Bitcoin: Is the Psychological Barrier of $100,000 Within Reach?Bitcoin: Is the Psychological Barrier of $100,000 Within Reach?
Bitcoin continues its impressive rally toward the psychological barrier of $100,000, driven by both fundamental and psychological factors. The rise in its value is supported by growing adoption, institutional investments, positive market sentiment, and key developments within the cryptocurrency ecosystem.
Adoption and Acceptance
Bitcoin’s growing acceptance by businesses, financial institutions, and individual users is increasing its utility and value. As more entities begin to accept bitcoin as a form of payment, demand naturally rises, solidifying its position as a viable medium of exchange.
Institutional Investments
One of the primary drivers of bitcoin’s growth is the involvement of large institutional investors such as hedge funds, investment firms, and corporations. Their entry into the market significantly boosts liquidity and builds confidence in the cryptocurrency, attracting smaller retail investors in the process.
Planned Regulatory Changes and Strategic Reserves
Future President Donald Trump’s proposals to establish strategic reserves in bitcoin and introduce cryptocurrency-friendly regulations could be game-changing for the market. Such measures are likely to attract new market participants, driving demand and increasing bitcoin’s value.
Media and Market Sentiment
Positive media coverage, endorsements from influential figures, and expert analyses play a crucial role in shaping market sentiment. Media narratives have a substantial impact on perception and can amplify investor interest, fueling price increases.
Technological Improvements
Advancements in blockchain technology and updates to the bitcoin network are improving its efficiency, security, and scalability. These innovations make bitcoin more appealing as an investment asset, contributing to its rising value.
Macroeconomic Factors
Global economic uncertainty, inflation, and the weakening of traditional fiat currencies are pushing investors toward alternative assets. Often referred to as “digital gold,” bitcoin is increasingly viewed as a hedge against currency devaluation and a reliable store of value.
The 2024 Halving
This year, bitcoin underwent another halving – the process that reduces the reward for mining new blocks by half. This reduction in new supply, coupled with sustained or growing demand, has historically led to price increases, and the current cycle appears to be following a similar trajectory.
Infrastructure Growth and ETFs
The cryptocurrency market’s infrastructure is rapidly evolving, making bitcoin more accessible than ever. The growth of exchanges, cryptocurrency wallets, and inflows into bitcoin-based ETFs are driving demand and strengthening the market.
Seasonality and an Unstoppable Trend
Seasonality is also working in bitcoin’s favor. Historically, the final months of the year often see strong performance in the cryptocurrency market. The current upward trend seems difficult to halt, and breaking through the $100,000 level appears to be only a matter of time.
Conclusion
Bitcoin remains one of the most dynamic assets on the market, drawing interest from institutional and retail investors alike. The combination of fundamental, technological, and macroeconomic factors suggests that the rally toward $100,000 could not only materialize but also set the stage for further gains.
Will bitcoin surpass this symbolic threshold, or are there still hurdles ahead? Share your thoughts in the comments.
Is it time for alts?When secondary trendline us briken it is nice to see change of structure. Last time (red lines) it failed. This time we are close to break new secondary trendline. I can se two tops to overcome (yellow horizontal). I don't like this one higher because alts can run really hard really fast. So this one feel late to the party. I will use the lower one to change a bit of BTC into high/medium caps.
the midwit perspectiveThe +4std and the -2std iq crowd are currently shaking hands in agreement that the cycle is right translated and will top in Nov-Dec 2025.
These people are most probably correct, however...
Here's the +1std iq (midwit) take:
last top to bottom was left translated by over a year
117 months from Dec 2017 top to Mar 2020 bottom
52 months from Nov 2021 top to Nov 2022 bottom
last bottom to top was left translated by 35 weeks
122 months from Aug 2015 bottom to Dec 2017 top
87 months from the Mar 2020 bottom to the Nov 2021 cycle top
If we were to see the same type of left translation of 35-60 months after the Nov 2022 bottom, we would have seen the top already between Jul 2024 and Dec 2024 meaning either:
December 2024 could still be the December of dreams
or
$99.9k was the left translated top in Nov 2024 and we're about to enter the downtrend part of the cycle..
..OR..
it's right translated and is going to top next Nov.
p.s. just to validate my credentials here as a midwit, I meant to use the btcusd coinbase chart but accidentally used bitfinex and didn't want to redraw all the lines.
Happy Thanksgiving
ETH breakout, short term pullback, long term runThere was more than 6 months of pullback for ETH but there was a clear descending resistance for the last 6 months, every time ETH hit it, it pulled back. We had a double tap and failure to penetrate in October and early November and then 24.Nov we broke through resistance and started to run. This still seems to be early on in the run. We have seen days where ETH outperformed BTC and in fact we are trying to break down the support for BTC Dominance. You can see its clear trend up and how we are testing that support line now. If it breaks down we will likely see ETH run and the stage may be set for a flippening.
I think more likely is that support holds and BTC dominance will start to rise again around this point.
BTC Dominance:
There are many reasons BTC dominance will run but one that is common is that BTC pulls back and the rest of the market pulls back a lot harder. If BTC loses 5% a lot of alts will lose 20% often. Another way BTC dominance runs is if it breaks out and runs for big gains, already having a near a $2T marketcap now, a 5% run would add $100B of market cap for BTC.
BTC tried to break out and it rejected, there is a possiblity that we could trace this all the way back to $68-$70k here depending on the speed of descent. Also though, BTC has been strong and bullish, there is very much a chance that we consolidate and build up here and break out, so this line is really significant, its probably the difference on whether BTC dominance runs because of BTC pulling back or running hard.
BTC Chart:
ETH on the other hand, looks like it has broken out of recent multi-month resistance and seems to just be getting started, but this channel it has assumed is already showing us were we should see support and resistance as it continues to run. This looks like its early on in the breakout really but does look likely that we will pull back more here. If you see this price break top of channel, expect another run and if it breaks bottom of channel, be prepared for a noticeable pullback. In the meantime, as long as it is assuming the channel, it is ascending and bullish.
Keep an eye on BTC, we know if its not happy, generally the whole market suffers. Its hard to find profits on other assets while BTC is dumping so even if you are not trading BTC, you should be watching it.
Bitcoin can little correct and then start to grow to 100KHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some days ago entered to upward channel, where it at once fell to the support line and then continued to grow. In a short time, BTC reached the 66800 support level, which coincided with the buyer zone and broke it, after which some time traded near and later rebounded to the resistance line of the channel. Then price made a correction to the support level and then made an impulse, exiting from the upward channel. Next, BTC continued to grow inside the upward pennant, where it rebounded from the support line and rose to the current support level, which coincided with the support area. Bitcoin some time traded inside the support area and later broke it, after which rose to the resistance line and then turned around. Price declined to support line of this pattern, which coincided with the 91500 current support level. But a not long time ago, it started to grow, so, now I think that BTC can little correct, to support level, and then start to grow to 100K. Please share this idea with your friends and click Boost 🚀
ADA Long Spot Trade (Support Zone Retest)Market Context:
ADA has retraced to a major support zone, presenting a solid opportunity for a long position. The current levels align with historical price action, suggesting a favorable risk-to-reward ratio.
Trade Details:
Entry Zone:
Primary: $0.89 - $0.96
Secondary: $0.70 - $0.79
Take Profit Targets:
Target 1: $1.05 - $1.16
Target 2: $1.50 - $1.60
Stop Loss:
Level: Just below $0.60
Rationale:
Support Zone: ADA is consolidating at a robust support area, where price action suggests potential for a reversal.
Risk Management: A stop loss just below $0.60 ensures protection against downside risks while allowing room for market fluctuations.
Potential Upside: The targets align with prior resistance levels and psychological barriers, providing a clear roadmap for profit-taking.
BTC Bullish pain scenarioI've been finding BTC has been following more traditional movements with the higher volumes currently being traded.
Would like to see something where we have a sustained amount of sideways accumulation allowing some more money to flow into altcoins causing mini cycles in sectors.
Would also then expect stops to be wiped out on both sides before BTC continues its move.
Hoping we make it to the 115k-120k region before cooling off.
Lets see whats to come...
BTC/USDT 4H Chart AnalysisBitcoin remains within an ascending channel, respecting both the upper and lower trendlines.
The price is currently hovering near the channel's midline, indicating indecision.
Support: $94,500 (ascending trendline and psychological level).
Resistance: $96,800 (recent local high).
The 21 MA (yellow line) provides dynamic support, but the price action shows some weakness in holding above it.
Declining volumes indicate low conviction in recent price activity.
Momentum appears to be neutral, awaiting a catalyst for direction.
A breakout above $96,800 could push BTC towards $100,000.
A breakdown below $94,500 could lead to a retest of $92,000 (lower trendline).
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
Bitcoin Price Action Analysis Key Levels & Pullback ExpectationBitcoin is currently trading at $95,452, having come very close to the $100,000 level as of November 21. As Bitcoin approaches this major milestone, it’s important to identify key support and resistance zones based on historical price action and technical analysis. Let’s break down the key levels to watch:
$90,642 Resistance:
As Bitcoin nears the $100,000 mark, $90,642 serves as an important resistance level. This zone falls within the $90,000-$95,000 range, which has historically seen significant price action. It’s common for Bitcoin to face consolidation or profit-taking near these levels, and whether Bitcoin can push past this resistance will be crucial in determining the next phase of price movement.
$87,000 and $85,000 Support Levels:
If Bitcoin faces a pullback after nearing $100,000, the $87,000 and $85,000 levels could act as potential support zones. These levels are based on the price action observed when Bitcoin approached similar areas in the past. While these specific levels haven’t been exact support points in prior cycles, they align with key price ranges where Bitcoin has experienced notable fluctuations. In a correction scenario, Bitcoin could consolidate at these levels before resuming its upward momentum.
$82,500-$80,000 Area of Interest:
The $82,500-$80,000 range represents a zone of interest in case of further downside movement. Historically, Bitcoin has seen price action around the $80,000 area, which could act as minor support during a pullback. This zone aligns with psychological levels and could be a point where traders look to accumulate before the next potential move higher.
$68,000-$66,000 Pullback Zone:
Major rallies often experience retracements and the $68,000-$66,000 range is a likely target if Bitcoin faces significant resistance near $100,000. This range corresponds to the 38.2% to 50% Fibonacci retracement levels, which are historically strong support zones. A correction into this area would allow for healthy consolidation before a potential continuation of the bullish trend.
Conclusion :
With Bitcoin testing the $95,452 mark, key resistance levels are near $90,642 and $95,000. If Bitcoin experiences a pullback, watch for support around $87,000-$85,000, with further potential for a deeper correction into the $82,500-$80,000 range. A more substantial pullback could target the $68,000-$66,000 zone. These levels will be crucial to understanding the next potential moves for Bitcoin.
This analysis helps identify key levels to watch as Bitcoin approaches these critical price points. Keep an eye on these levels as the price action unfolds!
USDT dominance on the 4-hour timeframe.The price is trading within a clearly defined descending channel.
The current movement indicates rejection near the upper trendline, which suggests continued bearish momentum.
The 50-period EMA (red line) acts as a dynamic resistance.
The recent retest and failure to close above it confirms the bearish bias.
The chart suggests a move towards the channel's lower trendline, around 3.85%- 3.90%, as the next support area.
The lack of breakout volume indicates continued selling pressure.
If USDT dominance breaks below 3.90%, it could signal strength in crypto assets, with altcoins seeing a rise.
A breakout above the 50 EMA and upper channel trendline could reverse the trend.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
$BTC 1 Hour again Update Possible ATH what if 99k was shoulder??Imagine that (I’m don’t make predictions for you to use on the market and it’s not advisable) the market we see on CRYPTOCAP:BTC and the 99.8k pump was just the shoulder of this bigger picture?
This could be exactly what the bulls are waiting on but maybe it’s not also. What do you think??
Please add some comments that are constructive so we can all work together to make more gains!
$BTC possible flip upward to new ATH? 1 hourSo I’m not an amazing trader and I don’t make your trades this isn’t advice as I am my own finacial adviser and that is how anyone trading should be so you can’t use this as a future prediction as I do not predict the future. Not finacial advice.
Please add any useful comments so we can grow and make money trading on the crypto markets!
BITCOIN Happy Thanksgiving with history on Bulls' side!!Happy Thanksgiving to everyone! As every year, we pay our tribute on this day with a historic run of Bitcoin (BTCUSD) on Thanksgiving days! Last year (see chart below) we made a $80000 call for today and we couldn't be happier that the market surpassed that:
This year we bring you a (much) simpler fact and that's the number of bearish signals on that day. Bitcoin has lived through 14 Thanksgiving days (excluding of course today) and only 3 have resulted in immediate bearish activity (2021, 2014 and 2013). Even the November 23 2017 Thanksgiving that was near the Cycle top, gave another 3 years of +150% gains before peaking.
You can see the previous Thanksgivings by scrolling left through the chart but it is obvious that due to BTC's cyclical behavior, the vast majority of Thanksgiving is an excellent time to invest. And today is no different as we still have almost another full year of Bull Cycle ahead of us (even more so its most aggressive part!).
Whatever trading actions you decide to make today, we wish you a blessed Thanksgiving!
So do you think this is a buy opportunity as history suggests? Feel free to let us know in the comments section below!
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$BTC $BITCOIN TO DROP BELOW $80,000 ON TURKEY DAY GOBBLE GOBBLEI am of the opinion that Bitcoin is overbought and the crypto whales will bring us down to the level shown on chart. IF that level breaks, then I predict a possible final move to 56,000 with an instantaneous flash correction up 15% following arriving us at a consolidated price of about 72,000...
Next BTC TargetsPrior to each major bull run, Bitcoin consolidated within triangle patterns, as seen in 2016–2017 and 2019–2020. These patterns signal periods of accumulation before explosive moves upward.
Currently, the chart shows another breakout from a consolidation zone in 2023–2024, resembling the pre-halving behavior of earlier cycles.
Historically, Bitcoin's price increases 10x to 20x from its bear market lows following halving events:
2016: From ~$500 to ~$20k (40x).
2020: From ~$3.5k to ~$69k (20x).
If Bitcoin follows a similar trajectory from its 2022 low of ~$16k, reaching $180k to $280k represents a 10x to 15x increase, which is consistent with prior cycles.
The chart illustrates how historical patterns, halving events, and technical formations contribute to Bitcoin’s potential to reach $180k as a minimum and $280k as a maximum in the next bull cycle. These targets are plausible within the cyclical behavior and long-term growth trend of Bitcoin.
Bitcoin stall continues but will we see another push at 100K?Hi, Trading View community. Thanks for reviewing today's update. We have also examined Bitcoin.
It's been a while since our last broker update, but we could not ignore the amazing gains that crypto has been seeing lately.
Today, we examined Bitcoin's lead-up and break-out and a few scenarios based on off-price hitting different levels. Another factor we have looked at is a new record touch and whether that could lead to heavier selling, as we saw back in the COVID rally.
What do you think? Will we see 100K before Christmas? Or do we need a deeper pullback/correction before we see a rally break into the 100K area?
Good trading from Eightcap
Crypto Stonks Are Booming! Top Crypto Stocks to Watch NowFrom Memecoins to Mega Stocks
While crypto traders have been focused on finding the next big memecoins like Doge , crypto-related stocks have also been performing well this year. In today’s analysis, we’ll dive into some crypto related stocks you might want to keep an eye on
1. Coinbase ( NASDAQ:COIN )
First on our list is Coinbase, the top US crypto exchange with a market cap of $48 billion. Since its IPO in April 2021, Coinbase has gained a reputation as a trusted exchange known for its regulatory compliance.
Besides its exchange services, Coinbase offers a self custody wallet popular among the crypto community, with over 10 million downloads. In February 2023, Coinbase launched its own layer 2 blockchain, Base , which has since recorded over $1 billion in total value locked and averages daily transaction volumes of over $400 million.
Coinbase has also played a part in advancing spot Bitcoin ETF approvals, forming a surveillance-sharing agreement with the Chicago Board Options Exchange in July 2023. Additionally, Coinbase partnered with **Stripe** in June to boost the global adoption of USDC. This partnership enables crypto payouts and a fiat-to-crypto onramp, making it easier for users to buy crypto with credit cards and Apple Pay through Coinbase Wallet. Coin is up over 350% since our first signal
2. MicroStrategy ( NASDAQ:MSTR )
Next up is MicroStrategy, with a market cap of $26 billion. Known for its business analytics software, cloud services, and AI-powered analytics, MicroStrategy is more famous for its Bitcoin holdings, driven by the advocacy of Executive Chairman Michael Saylor.
Under Saylor's leadership, MicroStrategy became the first public company to adopt Bitcoin as a strategic investment in August 2020, citing its potential as a store of value. The company accumulated over 121,000 BTC by late 2021 and continued adding to its holdings, despite price volatility and leverage risks. As of 2024, MicroStrategy’s Bitcoin holdings have reached 226,500 BTC, and the company’s stock hit new all time highs, demonstrating its strong correlation with Bitcoin's performance. Mstr is 100% up since our first signal
3. Block ( NYSE:SQ )
Formerly known as Square, Block is a fintech company founded by Jack Dorsey and Jim McKelvey, with a market cap of $38 billion. Starting with small-business payment solutions like Square POS, Block launched **Cash App** in 2013 to provide a user-friendly platform for consumers, competing with services like PayPal and Venmo.
Cash App generates revenue through transaction fees, subscription payments, and Bitcoin sales. It even supports the Lightning Network for quick Bitcoin transactions. Beyond payments, Block owns a majority stake in Tidal, a music streaming service, showing its diverse portfolio.
4. Robinhood ( NASDAQ:HOOD )
Lastly, we have Robinhood, with a market cap of over $15 billion. Founded in 2013 by Stanford graduates Vladimir Tenev and Baiju Bhatt, Robinhood became known for its free, user-friendly trading app, which gained significant popularity during the COVID19 pandemic
Robinhood found itself in the spotlight during the 2021 GameStop and WallStreetBets saga, where it faced backlash for restricting trades on memestocks like $GME. This led to a lawsuit and a $70 million penalty from FINRA for misleading customers and service outages. Despite this, Robinhood continues to grow, boasting 23.9 million funded accounts and nearly $130 billion in assets under custody as of May 2024.
Robinhood has made some notable moves recently, including acquiring Pluto Capital, which provides AI-driven investment advice, and securing a deal to acquire crypto exchange Bitstamp.
Wrap up
If you’re wondering about Bitcoin mining stocks, don’t worry we had a separate analysis just for that. Crypto Bull market just started and be ready for more analysis
which stock or crypto coins you are bullish now and why?
Too many patterns to suggestMorning folks,
Surprisingly, but BTC has not come to 102K target directly. Despite a lot of panic headlines in media about 8+% drop - nothing awful has happened. Very small retracement and inside week.
In some way 102K target will be reached, no doubts. But right now it is impossible to say in what particular way this will happen. As there are too many patterns that we could suggest. Here, on the chart we already have three of them. On daily chart it might be another two.
Keeping it simple, the concern is about how BTC will go higher - either right now or after deeper retracement.
Since today a Holiday and we will have a weekend soon, we think it would be better do not hurry up and postpone everything until Monday. There might be some clarity.
Repeating Pattern on 4h Chart?Possible repeating pattern to the leg up from 65 to 98k. Yellow arrow shows where we are in the same setup that is highlighted by the orange rectangle.
If this is true, we'd see something like a drop from here to mid-to-low 80k range before finding enough buyers for the push above 100k.
Long-term long, short-term short.
Reminder that there is a daily CME gap yet unfilled below this area however, around 78 to 80.7k:
BTC (4H): Breakdown and RetestBTC took a recent upside move but could not break previous High (formation of LH).
Price is making LH, LL after making ATH recently
Price was moving in Ascending Parallel channel and shows breakdown & retest. Target price is specified on the chart to get benefit from another buying opportunity.