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Ripple Receives Approval for StablecoinMarket Update - December 13, 2024 Amazon shareholders urge the company to allocate 5% of its reserves to bitcoin:  The proposal highlights bitcoin’s outperformance against traditional assets and echoes similar moves by companies like MicroStrategy and Tesla. Crypto liquidations hit $1.5 billion Monday as bitcoin dipped below $95K:  But the world’s largest cryptocurrency rallied past $101,000 on Wednesday after positive inflation data set the stage for a rate cut next week. Ripple's RLUSD stablecoin secures approval from New York’s financial regulator:  The launch will now proceed with exchange and market-maker partnerships already in place. Hong Kong accelerates crypto licensing as global competition heats up:  Plans include streamlined approvals for crypto trading platforms and new regulation for stablecoins. The Cardano Foundation's X account was hacked, leading to fake announcements about a token and an SEC lawsuit:  The breach triggered significant trading activity and community confusion before being addressed by the Foundation. 🫱 Read more here ➕ Topic of the Week: IPOs, ICOs, and STOs – What’s the Difference?
GEMINI:BTCUSD
by Gemini
BTCUSD SELLBitcoin (BTC) ends the working week hovering around $98,000 after a very volatile Thursday when it surpassed the $100K milestone and underwent a sharp correction. Strong institutional demand, whale accumulation, and the choice of a pro-crypto figure to lead the US Securities and Exchange Commission (SEC) fueled the rally this weekHowever, traders should be cautious about a possible correction ahead as on-chain data shows holders booking profits at the top. Moreover, any moves from Mt.Gox funds and US government transfers could add to the selling pressureBitcoin surged past the $100K milestone on Thursday, reaching a peak of $104,088 before experiencing a sharp drop to $90,500. It ultimately recovered to close above $96,900. As of Friday, it is trading slightly above $98,000
CRYPTO:BTCUSDShort
by KingForex078
1
My expectations for BTCI think everything is clear in the picture; Two equal movement sizes and its intersection with the trend line is the next price target before a deep correction (probably!) My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help. I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
BITSTAMP:BTCUSDLong
by ali_kasma
$BTC 4Hr Analyzing the CRYPTOCAP:BTC coin chart on the 4-hour timeframe: - **Symmetrical Triangle**: A well-structured symmetrical triangle is visible, with equal angles on both sides, indicating potential for an imminent breakout. The price is currently below the upper resistance line, suggesting a possible upward movement soon. A target around $113k has been discussed based on the pole of this pattern. - **Bullish Divergence**: There have been instances of bullish divergence with RSI on the 4-hour chart, particularly noted in May and July 2024, where the RSI was not confirming the price lows, suggesting underlying strength. - **Bearish Divergence**: Conversely, bearish divergences have also been observed, especially when the RSI was overbought, indicating potential short-term pullbacks or corrections. This was notably seen in November 2024, signaling a possible reset before further upward moves. - **Resistance and Support Levels**: - **Resistance**: Key resistance levels were noted around the psychological barrier of $100,000, with movements above this level suggesting strong bullish momentum. - **Support**: The price has found support at various levels, with significant attention being paid to where the 50 EMA and other moving averages lie, particularly after the price drops. - **Trendline Analysis**: The 4-hour chart often shows Bitcoin testing its trendlines, both as support and resistance. A bullish move is often confirmed when the price breaks and holds above these trendlines. - **Volume and Market Sentiment**: There's been discussion about distribution and HODL-ing behavior, with the Long/Short-Term Holder Supply Ratio dropping, suggesting less long-term holding and potentially more active trading or distribution. - **Price Targets**: Based on various analyses, especially around breakout scenarios from patterns like the symmetrical triangle, targets have been suggested around $113k, with some posts on X indicating this could be reached quickly in a lower timeframe setting. - **Current Sentiment**: The sentiment from X posts shows a mix of optimism for continued upward trends with cautions for potential corrections. The recent activity around $100,000 has sparked discussions on whether Bitcoin will continue its bullish run or face a significant correction. In summary, the 4-hour chart for CRYPTOCAP:BTC shows a battle between bullish and bearish forces, with technical patterns like symmetrical triangles indicating potential for significant price moves. The emphasis on divergences, especially with RSI, gives clues on momentum, while the community on X watches for breakouts from key levels to confirm trend directions. Always consider that crypto markets can be influenced by broader market sentiment, macroeconomic news, and regulatory changes, which can alter technical predictions.
COINBASE:BTCUSDLong
by One1D_Trader
1
BTC 110k Bitcoin (BTC/USD) is showing strong bullish momentum as it consolidates near its all-time high. Multiple technical signals point toward the possibility of a continued uptrend, with key bullish indicators aligning to support this view. Evidence for a Bullish Continuation Breakout from Consolidation: Bitcoin recently broke out of a symmetrical triangle pattern, a classic continuation formation. This breakout signals the resumption of the prior bullish trend and opens the door for further upward movement. Golden Cross: The 50-day moving average has crossed above the 200-day moving average, forming a golden cross. This is a widely recognized bullish signal, indicating the potential for sustained upside momentum. MACD Support: The MACD line remains above the zero line and has recently shown a bullish crossover, reinforcing the case for increasing buying pressure. This suggests that momentum is shifting in favor of the bulls, with no signs of immediate weakness. Strong Volume: The breakout has been accompanied by above-average volume, a critical confirmation that buyers are stepping in with conviction. This reduces the risk of a false breakout. Potential Upside Targets Short-Term Target: $110,000: The next psychological and resistance level for BTC lies around $110,000. If the bullish momentum sustains, this level could be reached in the short term. Medium-Term Target: $120,000: A continuation of the breakout could lead BTC to test the $120,000 level, a key zone where profit-taking might occur. Risk Management Support Levels to Watch: Immediate Support: $100,000 (psychological support and SMA). Critical Support: $92,000 (previous breakout level). Holding above these levels is essential for the bullish narrative to remain valid. Stop-Loss: Traders should consider placing a stop-loss just below the $100,000 level to protect against potential pullbacks. Trailing Stop: As the price rises, using a trailing stop-loss can help lock in profits while allowing room for upside potential. Conclusion Bitcoin appears poised for a bullish continuation as it consolidates near its all-time highs. With a breakout from consolidation, a golden cross, a bullish MACD, and strong volume, the evidence heavily favors the bulls. Traders should watch for a sustained move above $104,000 to confirm the next leg higher, targeting $110,000 and beyond.
BITSTAMP:BTCUSDLong
by Abdihalim1
BTC - ChatGPT Analysis!Want to see something cool? I entered the above chart into ChatGPT with no further information. My lines are drawn, so it clearly identified those as key levels in its analysis, but I did not offer anything else. Here’s a technical analysis of the Bitcoin (BTC/USD) daily chart provided: Key Observations: All-Time High Retest Zone: The price has broken above significant resistance near $100,000, which was a key psychological level. This breakout signals strong bullish momentum. Bitcoin is currently consolidating just above this zone, suggesting a potential retest of support at $99,860. Trend Confirmation: Bitcoin is in a strong uptrend, as indicated by the series of higher highs and higher lows. Both the 50-day SMA (blue) and the 200-day SMA (red) are sloping upwards, confirming bullish momentum. The price is well above both moving averages, indicating strong support and an extended bullish structure. Volume Analysis: Volume increased significantly during the initial breakout above $100,000, validating the move. Recent volume levels during consolidation are slightly lower, which is typical during a pause after a breakout. Support and Resistance Levels: Immediate Support: The key level to watch is $99,860, where prior resistance is now expected to act as support. Major Support: The next critical support lies near $73,835, the previous breakout level. Resistance: While Bitcoin is trading in uncharted territory, potential resistance could form near psychological levels such as $105,000 and $110,000. Momentum Indicators: Momentum remains strong, with no immediate signs of bearish divergence. The absence of a pullback after such a significant rally indicates sustained buying pressure. Potential Scenarios: Bullish Continuation: A daily close above $100,000, followed by a retest and successful hold of this level, could lead to further upside. Potential targets include $105,000 and $110,000 in the near term. Consolidation: Bitcoin may consolidate between $99,860 and $102,000, allowing the market to absorb gains before the next move higher. This would allow the moving averages to catch up and provide additional support. Bearish Reversal: A failure to hold $99,860 could trigger a retracement toward the 50-day SMA (~$85,000) or even the major support level near $73,835. Strategy Recommendations: For Bullish Traders: Look for confirmation of a breakout above $102,000 for long entries, targeting $105,000 and beyond. Use $99,860 as a stop-loss level to manage downside risk (I disgree with this, I would put it lower below support, not on support!) For Bearish Traders: Consider short positions if Bitcoin closes below $99,860 with increasing volume, targeting the 50-day SMA or $73,835 for a pullback. Neutral Traders: Monitor the consolidation near $100,000. A breakout or breakdown will provide better clarity on the next major move. Conclusion: Bitcoin’s daily chart shows strong bullish momentum, with the price breaking above the key $100,000 level. As long as $99,860 holds as support, the uptrend remains intact, with potential for further upside to psychological levels like $105,000 and $110,000. However, a failure to maintain this level could lead to a retracement, offering opportunities for both bulls and bears depending on the direction of the next move. Not bad, ChatGPT, not bad. Not exactly my analysis, but cool to see.
COINBASE:BTCUSD
by ScottMelker
BITCOIN (BTC) SHORT TERM TARGET AND LONG TERM TARGET It looks like you're planning to sell Bitcoin (BTC) around 103,500 with target price levels of 97,000 and 102,000. Here's a breakdown of your trade plan: Sell Position Details Sell Entry Price: 103,500 Target 1: 102,000 (short-term target) Target 2: 97,000 (longer-term target) Risk Management Set a stop-loss to manage risks effectively. For example, if BTC rises significantly above 103,500 (e.g., 104,500 or 105,000), you may consider exiting to avoid further losses. Market Analysis Tips Check for support and resistance levels near your targets. Keep an eye on market trends, news, and technical indicators (RSI, MACD) to validate price movements. CAPITALCOM:BTCUSD
CAPITALCOM:BTCUSDShort
by TRADE_CENTER_1
BITCOIN BullishA technical analysis of **BTC/USD (Bitcoin vs. US Dollar)** on a **30-minute timeframe** using key technical tools such as **support/resistance levels**, **trendlines**, and visual annotations for price movements. --- ### 1. **Key Levels Highlighted** - **Blue Zone (Resistance Area around $102,300 - $102,570):** - Price has been rejected multiple times from this area, signaling a **strong supply zone** where sellers dominate. - Two prior rejections are marked with **yellow circles**, showing historical resistance. - **Green Zone (Support Area around $98,956 - $99,318):** - This is a **key support zone** where the price bounced upward multiple times, highlighted by **blue circles**. - A failure to hold this support may push the price lower to test further downside levels. - **Red Zone (Next Key Support around $94,700 - $96,215):** - Below the green zone lies this **critical demand zone**, where buyers may step in. A breakdown of this area would indicate **bearish continuation**. - **Yellow Zone (Support Base near $93,720 - $94,229):** - This is the **lowest demand area** observed on this chart. It serves as a **last line of defense** before further downside. --- ### 2. **Trendlines** - **Yellow Uptrend Line:** - The price is respecting this **ascending trendline**, suggesting an ongoing short-term uptrend. - A clear break below this line could indicate a shift to a bearish trend. - **Red Downtrend Line:** - This short-term downtrend (descending resistance) intersects with the yellow trendline. - A breakout to the upside would indicate bullish momentum. - **Black Trendline (Major Long-Term Support):** - This lower black line shows a **long-term uptrend**, acting as significant support in case of a larger correction. --- ### 3. **Potential Scenarios** - **Bullish Scenario:** - Price retraces to the yellow uptrend line and bounces, breaking through the blue resistance zone (~$102,570). - This breakout could lead to further upside continuation. - **Bearish Scenario:** - If price breaks the yellow uptrend line and fails to hold above the green support zone (~$98,956), it may drop to test the red zone (~$95,800). - Continued selling pressure could push the price to the yellow zone (~$94,229). --- ### 4. **Market Behavior and Price Structure** - The repeated **rejections** from the blue resistance zone indicate strong selling pressure. - However, the **higher lows** formed along the yellow trendline show buying support, signaling a potential **triangle pattern** forming. - The breakout direction from this consolidation will likely determine the next significant move. --- ### 5. **Key Points to Watch** - **Break and Retest:** - Watch for price action near the blue resistance or green support zones for a breakout or reversal signal. - **Volume Confirmation:** - A breakout with increasing volume would confirm a strong move. - **Trendline Interaction:** - Monitor the yellow ascending trendline. A breakdown below it would suggest weakness. --- In summary: - **Bullish bias** exists above the yellow uptrend line. - **Bearish risk** increases below the green zone. - Key breakout above **$102,570** or breakdown below **$98,956** will signal the next direction.
BITSTAMP:BTCUSDLong
by amerjaradat
107K is next upside target, looking at 98-98.5K for entryMorning folks, So, BTC stands in upside channel, and we have no big patterns by far. Meantime, on 4H chart as potential ones, we could suggest the butterfly, right? While on 1H chart we have DRPO "Sell" (in red circle) and a kind of H&S shape. It is just a shape, but who said that market can't keep it harmony? Thus, 98-98.5 seems interesting level, if you would like to go long. For short position we see nothing interesting on higher time frames, thus, only DRPO "Sell" here and with minimal target around 98.5K
COINBASE:BTCUSD
by Sive-Morten