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2017 vs 2014 wonder what happens? I'm ruling 2021 out. As we enter the final stages of the bull cycle. Bitcoin has followed a mix of 2014 / 2017 pre and at halving. 2021 is not aggressive enough to hold the adoption LOG pattern so I will could it out following that path. If we get mutual funds + retirement funds adopting Bitcoin a 2014 scenario is looking interesting. Potentially a double rally? Until we pass the $100,000 mark and get a look at the speed of the rising price we won't know what path. Possibly a mix between 2017 and 2014. 2021 was a cycle effected both by fast rate cuts + pandemic funding + insane leverage. We don't have leverage today like that + we could have the possible rate cuts + QE / YCC in full effect within months. Especially after what has happen to the Japanese YEN. Time to enter the final stage that will be followed by a very lengthy bear / slowed growth cycle.
INDEX:BTCUSDLong
by FederalXBT
#BTC/USDT Next support $52k!#Bitcoin is trading at a decisive point. If this support level breaks, we could drop all the way down to $52k. The trend has shifted bearish, but don't forget that Bitcoin is known for making deviations. Historically, May tends to be a negative month for BTC in terms of returns, and we're already seeing the effects within the first two days. Let's see how this week unfolds. Keep a close watch on the trendline support. DYOR, NFA Do hit the like button if you like these updates. Thank you #PEACE
BINANCE:BTCUSD
by Cryptorphic
Bitcoin's Parabolic Surge: Sometimes It's Right In Front Of You. Bitcoin news at the bottom's don't change. Bitcoin news at the top's don't change. Bitcoin news at the middle does not change. 2017 people started to make plans for the 2018 bull market. 2020 people started to make plans for the 2021 bull market. 2024 people have started to make plans for the 2025 bull market. So we can learn from human psychology that majority act after the fact not before and not during. This is how I find near bottoms and near tops in all markets using News articles. Right now I'm still firm on my Bitcoin projection that could top out past $1,000,000 in 2024. Although wherever we end up by Jan 2025 will be the red zone to get defensive regardless of the price. If history rhymes 2025-2028 will be a very boring sideways market for Bitcoin after a sharp correction. Use this allocation time wisely as if its correct we have less than 300 days of the main action following 1,100 days of "regret"
COINBASE:BTCUSDLong
by FederalXBT
Bitcoin Rebound as War Fears Subside, Bullish Technicals EnsueBitcoin, the world's leading cryptocurrency, has embarked on a significant rally in recent weeks, defying predictions of a prolonged slump triggered by the Russia-Ukraine conflict. As war fears recede, investors appear to be regaining confidence in the digital asset, propelling its price upwards. Several factors are contributing to Bitcoin's resurgence: • Waning War Threat: The initial market panic triggered by the outbreak of the war has subsided somewhat. While the conflict remains a concern, hopes for a potential diplomatic resolution have bolstered investor sentiment. This has led to a broader risk-on environment, benefiting Bitcoin alongside other asset classes. • Technical Breakout: From a technical analysis perspective, Bitcoin appears to be breaking out of a bullish continuation pattern known as a bull flag. This pattern typically indicates a period of consolidation following a strong price increase, followed by another leg up. The recent price action suggests a potential breakout from this pattern, which could fuel further gains. • New Support Level: The recent price dip found support around $66,000, establishing a potentially new floor for Bitcoin. This level of support indicates increased buying pressure at that price point, which could prevent further significant declines. • Limited Downside Risk: Analysts point out that compared to its all-time high of over $69,000, Bitcoin's current price represents a relatively limited downside risk. This, coupled with the potential for further upside based on technical indicators, makes Bitcoin an attractive proposition for some investors. Is the Rally Sustainable? While the current momentum is positive, questions remain about the sustainability of Bitcoin's rally: • Macroeconomic Uncertainty: The broader macroeconomic environment remains uncertain. Rising inflation and potential interest rate hikes by the US Federal Reserve could dampen investor enthusiasm for riskier assets like Bitcoin. • Regulatory Scrutiny: Regulatory scrutiny surrounding cryptocurrencies continues to be a concern. Increased government oversight could potentially stifle innovation and adoption, impacting Bitcoin's long-term prospects. • Volatility Remains: The cryptocurrency market is inherently volatile. Despite the recent rally, Bitcoin's price could experience significant fluctuations in the future. Investors should be prepared for this volatility and maintain a risk-tolerant investment strategy. Looking Ahead The future trajectory of Bitcoin remains to be seen. While the recent breakout from the bull flag pattern suggests potential for further gains, several factors could impact its price movement. Investors should closely monitor geopolitical developments, macroeconomic data releases, and regulatory pronouncements related to cryptocurrencies. Despite the uncertainties, Bitcoin's recent rally demonstrates its potential as a volatile yet potentially high-reward asset class. As the cryptocurrency market matures and gains wider acceptance, Bitcoin's long-term prospects remain intriguing. However, careful consideration of the associated risks is essential before investing in this volatile digital asset.
BITSTAMP:BTCUSDLong
by bryandowningqln
Happy Halving Onwards to 10 Trillion Market Cap - 731 Cycle 3.125 from 6.25. We did not get the anticipated pre run I thought we would get. Although the start of the bull market from 20k - 64k has been good enough to accept. We are now entering the final stages of the 731 cycle that can push Bitcoin to a price of 500k-2M USD The halving drops at the perfect time where we have little days left to complete the 731 Cycle. Bitcoin has now at todays date 223.77b Cumulative Spot Bitcoin ETF Volume Spot ETF Total AUM $54.24B / Raw value of Bitcoins 847,500 From January 12, 2024, to April 20, 2024, an average of approximately 8,561 bitcoins were bought per day over the span of 99 days. Before today the normal was 900 issued Bitcoin per day, after the next weeks this is now 450 Bitcoin per day. Bitcoin: Balance on Exchanges (Total) - All Exchanges 2,322,533 Minus Spot ETF and funds 1,272,533 Bitcoin left (not including how many aren't for sale we can't calculate this" If the spot ETF continues buying Bitcoin at the current rate of 450 bitcoins per day, it would take approximately 2,828 days for most of the 1,272,533 bitcoins currently left on exchanges to be bought up. At this rate if you do the math if the AUM starts to accelerate past 100B in the next months the Bitcoin price has to be over $100,000 to support this demand. So what AUM level does $1,000,000 become reality? 2.07 Trillion. Possibly before as again I'm counting all of the supply on exchanges that "could be sold" lets say half of this is HODL and never to be sold? well you half the amount. 1.035 Trillion. As of 2023 US has 21 Trillion USD in M2, Eurozone 16 Trillion USD, China 35 Trillion USD combined today this is over 100 Trillion when you consider the base money. The Global bond market (not calculated) in the M2? USD 150 trillion FACE value as of 2022. Derivatives on top of Bitcoin? forget it too much to compute. Right in the cycle where people are calling for "a near term top" "the steam has left the engine" "the ETF's have slowed down". Full steam ahead and shatter realities.
INDEX:BTCUSDLong
by FederalXBT
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