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Btctrend

#BTC/USDT #BTC Bitcoin is trading in an upward trend to the 37000 $ level. After the price broke the 27,800 $ level, which is a strong resistance level. Once it was breached, the price went up after the bearish flag breached the major one. We expect the price to rebound to test the 27,800 $ level to 31,000 $ again and proceed sideways at those levels until the beginning of 2024. It is expected to break the 37,000 $ level, heading to the 68,000 $ levels, in the period from April 2024 to June 2024. All of this is supported by significant momentum on Bitcoin. A lot of positive news in the coming period I hope the analysis helped you.
Long
by CryptoAnalystSignal
Bitcoin: "Gold on Steroids" with Institutional InfluxBitcoin has frequently been compared to Gold over the years. Initially deemed a "safe haven" similar to Gold, analysts are currently evaluating these two investments to determine if Bitcoin meets the criteria as "Gold on steroids." Relative returns are adjusted for the risk of Bitcoin compared to Gold. Over the past 5 years, up to November, Bitcoin's Sharpe Ratio has competed favorably when compared to Gold and other proven asset classes in the market. The Sharpe Ratio is defined as the difference between the return of an investment and the risk-free rate divided by the standard deviation of the investment. Simply put, the Sharpe Ratio adjusts performance for risk beyond what investors would bear for a specific asset. Jurrien Timmer, Global Macro Economic Director at Fidelity, notes that Bitcoin's correlation with the S&P 500 (+40%) is higher than that of Gold (+14%) over a 5-year period. However, the correlation between BTC and the US stock market has decreased over the years and is lower than most asset classes. Over the past 12 months, the correlation between BTC and the S&P 500 has decreased from 40% to 25%. Timmer argues that Bitcoin is more volatile than most other assets, but the volatility impacts both ways, and BTC investments have their own risk-reward characteristics, as seen in the past decade. According to a CoinShares report, institutional investors continue to pour money into Bitcoin funds, with a weekly inflow of $132.8 million as of December 4th. At the time of writing, the price of Bitcoin is $44,162 on Binance.
BITSTAMP:BTCUSD
by Gwen_Humuna
Global overview $BTCSo far, I like the current exit from the $25,000-$30,000 zone. But I have a couple of comments that Bitcoin won't be 100k for. Looking to adopt a spot BTC ETF means that all investors will have the opportunity to invest in this asset class and it will be a good time for a big player to sell to these investors. I assume that the price may exceed 69 thousand, or not. Now he's starting to feel a little Fomo about BTC eth and other coins that have jumped up a lot. And I have a bad feeling about the next 2024 and 2025. Before that, 2021-2022 was a year of distribution and we are not as far as it seems...
Short
by MyTechNAz
BTC/USDT ScenariosWe are considering two possible scenarios for the development of the situation with BTC. At the end of October, following a significant impulsive rise of BTC from $29,614 to $35,300 , there was an increase of more than 18%. In the following month, an ascending trading channel was observed, which was successfully broken after testing the upper boundary at $39,670. As a result of the breakout, the asset reached a price level of $44,436 , marking an increase of more than 11%. The first scenario focuses on the current overbought condition of the BTC price, which suggests the potential for a correction. There is a possibility of a downward corrective movement until reaching the upper boundary of the trading channel, located around $40,600, with a subsequent potential reversal. If the price remains stable at this level, there is consideration for opening a long position on BTC. In the second scenario, a significant price decrease towards the level of the highest volume POC at $37,100 is anticipated. From this level, a price reversal might occur, followed by a continuation of the upward movement. If the price remains stable at this level and there are signals for a reversal, we are also considering the possibility of buying BTC.
by Rick_SimpleSwap
Bitcoin Price Could Drop to $42,000Bitcoin price faces potential decline Bitcoin is currently trading at $43,241 after failing to surpass the $44,500 level, leading to minor adjustments. While broader market prospects suggest an upward trend at the time of writing, the short-term picture leans slightly towards a downward trajectory. This is evidenced by the Moving Average Convergence Divergence (MACD) indicator. The diminishing green bars indicate a weakening upward trend, implying vulnerability to a Bitcoin price drop. However, BTC is likely to drop back to $42,000 or even $40,000 if the previously established support levels are breached. This is a short-term scenario, pending a stronger-than-expected NFP report. Yet, if the report is weaker or broader market signals turn bullish, a recovery from the $42,000 level becomes plausible. This would propel an upward movement, pushing Bitcoin prices beyond $44,500 and negating the bearish outlook.
BITSTAMP:BTCUSD
by Gwen_Humuna
Bitcoin & Logical correction and refueling for the next climb...RSI has reached the overbought zone. The news is favorable. Strong fundamentals and favorable technicals can lead to magnificent climbs. Unless the events behind the scenes want to pull Bitcoin down again. In any case, according to the chart, there is a possibility of a logical correction up to the prices of around $31,000 and $32,000. Maybe a little lower than $30,000 and then move to $42,000. In my opinion, this modification is beneficial for the next moves.
by Farid-110
BTC/USDT BinanceBTC/USDT Binance 4H Hollow Candlesticks As the bull run continues, a parallel bullish channel has formed. If the price break out this channel, a new TA is needed. A Rising Wedge has also been formed, where the rule says that is generally a bearish signal as it indicates a possible reversal during an uptrend. Rising wedge patterns indicate the likelihood of falling prices after a breakout through the lower trend line. The Support and Resistance areas are also clearly visible. The Support point is quite strong and is based on the Golden ratio extension of the Fibonacci Retracement . Through a previous repeated movement that has been resized ( Bar Pattern ), we can assume a future movement of the #BTC price. Market Cap: $1.43T +0.89% 24h Vol: $54.15B +34.84% Dominance: BTC: 51.5% ETH: 17.5% Good Luck #CryptoHellas Team
by CryptoHellas
1
BTC - Bullish or Bearish? Greetings Everyone, We have been looking at BTC's emerging pattern since it jumped passed $35K. What it has been looking like for the majority of the time is a wedge patter with flat top trendline and ascending bottom trendline which is a bullish pattern i.e., probabilities favoring breaking out instead of breaking down. This pattern will end around December 18. The past couple of up moves however broke above the flat top trendline before falling back into the wedge pattern. While it will have to be confirmed as the time passes, if a definitive break out does not happen in the next couple up moves, it may contribute towards a ascending top trendline (red line on top) which creates a rising wedge pattern that is bearish i.e., probabilities of the break down will increase. If formed, this pattern will end around new year's eve (Dec 31). As I mentioned, this still have to play out in the next days and weeks but the break out or break down can happen any time between now and the dates of pattern completion. While we hope for the breakout, be aware of the changes in the pattern so that you can minimize your risk as soon as a pattern confirms. Note: This is not financial advise and shall only be used for educational and/or entertainment purpose.
by figuring_out_the_dream
2
Bitcoin Price Poised to Return to $45,000 LevelThe cryptocurrency analyst behind the handle X @rektcapital has evaluated the Bitcoin price trend and predicts that BTC could return to the $45,000 level before the fourth halving event, expected to occur in April 2024. The analyst notes repetitive trends in the past three cycles and anticipates a pullback to the $42,000 level after BTC reaches $45,000. The analyst has identified the $40,000 to $42,000 range as the most crucial for Bitcoin, marking it as the peak in the ongoing cycle. The analyst believes $36,300 is a medium resistance level, and BTC may find support in the $31,000 to $32,500 range. The current Bitcoin price is $41,725 on Binance at the time of writing. BTC has surged 10% in the past week, bringing nearly 4% daily gains for holders.
BITSTAMP:BTCUSD
by Gwen_Humuna
Bitcoin Eyes Upside MoveBitcoin (BTC) has breached the resistance level of $38,008, though not decisively, trading at $38,139 at the time of writing. There is still potential to extend towards the higher range at $38,414 or, in the case of a strong uptrend, reach $40,000. The Relative Strength Index (RSI) is moving upwards and is about to cross above the signal line (yellow band). Historically, each time this crossover occurs, BTC reacts with a bold upward move, interpreting this intersection as a buying signal. Similarly, the Awesome Oscillator (AO) indicator continues to hold in the positive territory, indicating that the bulls still maintain control despite strong downward price pressure. On the other hand, increasing selling pressure could push the price of Bitcoin down below the support level of $38,008 or, worse, test the support at $35,487. In a more severe scenario, a downturn could cause BTC to lose the confluence support between the horizontal line and the 50-day Simple Moving Average (SMA) at $33,912. Breaking and closing below this level would invalidate the bullish outlook, setting the stage for further downside towards the psychological level of $30,000.
BITSTAMP:BTCUSD
by Gwen_Humuna
3
Bitcoin Surge Amid Stablecoin ShiftsBitcoin's price surged to a local high of $38,400 on November 24, before retracing to $37,300 at the beginning of Monday. According to Santiment data, the late October to early November price increase of this asset was driven by an increasing supply of stablecoins on exchanges. A similar outcome is expected as stablecoin dominance continues to decline. The rising mining difficulty contributes to network security, making it more challenging to launch attacks on the Bitcoin network. Adjusting the difficulty, along with halving events, ensures that the influx of new BTC into the market will gradually slow down over time. Therefore, the recent spike in mining difficulty is a significant milestone for the Bitcoin network. BTC's rise to $35,000 may be triggered by the increasing reserves of Tether (USDT) and USD Coin (USDC) on cryptocurrency exchanges. According to Santiment's data, from August 19 to October 16, 3.54% of the entire USDT supply and 0.72% of the USDC supply were transferred to cryptocurrency exchanges. Subsequent to these movements was a sudden surge in BTC prices. Santiment analysts believe that the return of USDT and USDC to exchanges, following a recovery period, will fuel Bitcoin's second bullish wave in 2023.
BITSTAMP:BTCUSD
by Gwen_Humuna