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BTCUSD Perpetual Contract

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BTCUSD.P trade ideas

Daily Analysis of Bitcoin – Issue 231The analyst believes that the price of { BTCUSD } will decrease in the next 24 hours. This prediction is based on quantitative analysis of the price trend. Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
BINANCE:BTCUSDShort
by MoonriseTA
BITCOIN updateThis chart is a **BTCUSD (Bitcoin to US Dollar)** analysis on the **30-minute timeframe** --- ### 1. **Key Levels and Zones** - **Resistance Zone (Blue):** - This area is marked between **102,572** and **103,591**. - BTCUSD has previously attempted to break through this zone multiple times but has been rejected, as shown by the highlighted circles at the top. - If Bitcoin breaks above this level and closes above 103,000, it could signal a potential **bullish breakout** toward new highs. - **Support Zone (Green):** - Key support is located between **98,956** and **99,318**. - BTCUSD has previously rebounded from this support level, as indicated by the blue circles near the bottom. - This zone aligns with the ascending trendline, which suggests **higher lows** and ongoing bullish momentum. - **Demand Zone (Red):** - The red zone between **96,215** and **96,450** acts as a **strong support area**. - If BTCUSD fails to hold the green zone, price might retrace toward this area, making it a key demand zone for buyers. - **Low-Level Support (Yellow):** - A final support near **94,229**. - This level is likely to act as the last line of defense for bulls in case of a sharp downturn. --- ### 2. **Trendlines** - **Ascending Trendline:** - A diagonal trendline starting from the lows in the red zone (around December 10) continues to support BTCUSD's bullish trajectory. - This trendline has been tested multiple times and continues to provide upward momentum. - **Projected Path:** - A black arrow indicates the anticipated market movement. - A possible scenario is BTCUSD testing the blue resistance zone again. If rejected, it may bounce off the ascending trendline before attempting another breakout. - A **successful breakout** above **103,591** could initiate a continuation of the bullish trend. --- ### 3. **Market Structure** - BTCUSD is currently in an **uptrend**, forming a series of **higher highs** and **higher lows**. - Price action suggests consolidation near the **resistance zone** as buyers and sellers battle for control. --- ### 4. **Scenarios to Watch** 1. **Bullish Breakout:** - If BTCUSD breaks above **103,591** with strong volume, it could trigger a continuation rally. - Traders may look for a retest of the resistance zone (now turned support) to confirm the breakout. 2. **Bearish Rejection:** - A rejection from the **102,572 - 103,591** area could push BTCUSD back toward the **green support zone** around **99,318**. - Failure to hold this level may lead to further downside toward the **red demand zone** (96,215 - 96,450). 3. **Trendline Retest:** - The ascending trendline is a key level for bullish momentum. - A successful bounce off this trendline would confirm buyers are still in control. --- ### 5. **Summary and Recommendations** - **Current Sentiment:** Slightly bullish as BTCUSD maintains higher lows and respects the ascending trendline. - **Key Resistance:** **102,572 - 103,591** (blue zone). - **Key Support:** **98,956 - 99,318** (green zone). - **Bullish Trigger:** Breakout above **103,591**. - **Bearish Trigger:** Break below **98,956**, leading to **96,215**. Traders should monitor volume and price action near the blue resistance zone and ascending trendline for further confirmation.
BITSTAMP:BTCUSDLong
by amerjaradat
3
Are we in for a 27% Correction?Recognition of Previous Mistake (Rising Wedge vs. Ascending Channel) Recent price action has revealed a shift in the structure. In my previous technical analysis I identified as a rising wedge. Upon breaking out of the rising wedge and further review, it now appears that Bitcoin is trading within an ascending channel. This structural adjustment suggests that while the market remains in a bullish trajectory overall, there are signs of weakening momentum, warranting a bearish outlook in the near future. **Read In full to get historical validations to validate my theory** Key Factors Supporting a Bearish Bias Bearish Divergence on Weekly Time Frame On the higher time frame, bearish divergence is evident, as price continues to make higher highs while key momentum indicators, such as the RSI, make lower highs. This divergence suggests that the current uptrend is losing strength, increasing the likelihood of a reversal. Bearish Divergence on Daily Time Frame A similar pattern is observed on the daily time frame, providing further evidence of weakening momentum. Combining divergences on both time frames strengthens the bearish case, as it highlights misalignment between price action and underlying market strength. Loss of Momentum Within an Ascending Channel Price is currently constrained within an ascending channel. While this structure supports the continuation of the uptrend in the short term, it often signals a gradual loss of momentum, especially when combined with other bearish signals. Breakout scenarios typically favor the downside in such cases, aligning with the broader bearish outlook. Stochastic RSI Analysis Weekly Time Frame: The stochastic RSI is in the overbought region, and a bearish crossover (K-line crossing below the D-line) has occurred. This signal further strengthens the probability of a reversal or significant correction from current levels. Overbought conditions on higher time frames are particularly significant as they indicate market exhaustion. Daily Time Frame: The stochastic RSI has not yet reached overbought levels, suggesting that the price has some room to move higher in the short term before a bearish reversal materializes. This indicates that patience is warranted before entering a short trade. Historical Validation Historical analysis of similar scenarios (March and July) reinforces the reliability of the current bearish setup: In both instances, price was constrained within an ascending channel. Bearish divergences were present on both weekly and daily time frames. The stochastic RSI aligned with bearish crossovers on the weekly and daily charts, signaling strong entry points for downside trades. Current Market Outlook Based on the above analysis, the bearish bias is supported by the following: Loss of momentum within the ascending channel. Bearish divergence on both weekly and daily time frames. Overbought stochastic RSI on the weekly chart, with a pending overbought signal on the daily. While the bearish setup appears robust, caution is advised as the daily stochastic RSI suggests that Bitcoin could see additional upside in the short term before the anticipated correction takes place. My Trading Plan Wait for Confirmation: Monitor the daily stochastic RSI and wait for it to reach the overbought region, followed by a bearish crossover (K-line crossing below the D-line). This will serve as an ideal signal to enter a short trade. Key Levels to Watch: Channel Resistance: Watch for price rejection near the upper boundary of the ascending channel, which would reinforce bearish momentum. Channel Support: A confirmed breakdown below the lower boundary of the ascending channel would act as a trigger for a bearish continuation.
BINANCE:BTCUSDShort
by heywippa
2024-12-16 - priceactiontds - daily update - bitcoinGood Evening and I hope you are well. comment: Clear channel upwards and we will likely hit 110k over the next days. The channel is wide enough to trade in both directions. Once market breaks below the closes bull trend line and the 4h 20ema, a short is the much bitter trade from a r:r perspective. current market cycle: Still a bull trend as long as above 94000. key levels: 94000 - 110.000 bull case: Bulls got another strong move up that began last Tuesday. It’s pointing to my measured move target 110k and I highly doubt bulls can get it much above that. But I also have a tendency to underestimate these bubbles. We can clearly see two legs up already and a third could get us there. Invalidation is below 94000. bear case: Bears see the broad bull channel and selling new highs was profitable over the past 4 weeks. They see the next bull wedge which can break down over the next 2-3 days and they hope for another deep pullback to 98k or lower. Invalidation is above 110.000. short term: Bulls are in control but I have no interest in buying this. Once the bull wedge breaks down and we trade below the 4h 20ema, I will think about shorts for 98k-100k. medium-long term - Update from 2024-12-15: Will write a new outlook for 2025 over the weekend. current swing trade : Nope trade of the day: Shorting above 101k continues to be profitable.
CRYPTO:BTCUSD
by priceactiontds
1
New update Bitcoin Bitcoin hit a record high of $106,533, fueled by speculation about a U.S. bitcoin reserve. It has surged over 50% since November 5, with a market cap surpassing $3.8 trillion and a 136% rise in 2024. Bitcoin reached a record high above $107,000. MicroStrategy purchased 15,350 BTC, now holding 439,000 BTC valued over $46 billion. Riot acquired 667 BTC, raising its total to 17,149 BTC. Bitcoin reached $106,500, now at $104,500, with a market cap of $2.07 trillion, accounting for 54% of the market. Analysts aim for $130,000, highlighting the need for support above $100,000
BITSTAMP:BTCUSD
by Chartino
1
Elliott Wave Analysis & Future Market Cap PredictionsThis detailed analysis leverages Elliott Wave Theory to project Bitcoin's future price movements and market capitalization milestones. Explore: * Predicted bull market peaks and realistic market cap targets. * Anticipated pullback levels and key support zones for future corrections. * How Bitcoin's price aligns with Elliott Wave structures and Fibonacci retracement levels. * This post offers a comprehensive outlook to help traders and investors navigate Bitcoin's next major cycles with confidence. Follow for updates and stay ahead of the curve! 🚀
CRYPTO:BTCUSDLong
by Pythin
Bitcoin Hits New All-Time High of $107k — Is $150K Next? Bitcoin ( CRYPTOCAP:BTC ) has once again shattered expectations, climbing to a record-breaking $107,000. This milestone follows a 3.68% surge over the weekend, with bullish sentiment fueled by a surprising announcement from President-elect Donald Trump. Bitcoin Price Today Bitcoin’s recent rally can be attributed to President-elect Donald Trump’s pledge to establish the U.S. as the global center for Bitcoin and cryptocurrency innovation. During a CNBC interview on Sunday, Trump unveiled plans for a U.S. Bitcoin reserve, emphasizing the need for the country to lead in digital assets. This announcement sparked a surge in buying activity, propelling Bitcoin to its new all-time high of $106,727. The market’s reaction underscores the growing influence of policy decisions on crypto prices. Trump’s pro-Bitcoin stance has injected optimism into the market, with investors viewing it as a step toward broader institutional adoption and regulatory clarity. Technical Analysis From a technical perspective, Bitcoin is currently trading at $106,893, slightly off its daily high of $107,080. The recent breakout above the psychological $100,000 level signals strong bullish momentum. Key technical indicators suggest further upside potential: 1. Relative Strength Index (RSI): While the RSI stands at 71, indicating overbought conditions, historical patterns show that Bitcoin can remain overbought during strong uptrends. 2. Support Levels: In the event of a local correction, support ranges are identified at $97,500–$99,500 and $94,100. These levels could provide buying opportunities for traders looking to enter the market. 3. Resistance Levels: Bitcoin faces minimal resistance in uncharted territory. The next significant psychological level is $110,000, followed by the ambitious $150,000 target predicted by analysts. Market Dynamics Bitcoin’s 24-hour trading volume stands at $110.4 billion, with Binance leading the charge. The exchange’s perpetual and spot trading volumes contribute significantly to Bitcoin’s liquidity. This robust trading activity underscores the market’s resilience and readiness to absorb high volumes. Outlook: Can Bitcoin Reach $150,000? The path to $150,000 hinges on several factors: 1. Macroeconomic Environment: Continued pro-crypto policies from global leaders could drive institutional inflows and bolster market confidence. 2. Technical Breakouts: A sustained move above $110,000 would validate the bullish continuation pattern and set the stage for a run toward $150,000. 3. Market Sentiment: Despite overbought conditions, Bitcoin’s historical performance during Q4 and Q1 suggests strong potential for further gains. However, traders should remain cautious. The RSI’s overbought reading and the potential for profit-taking at key levels could trigger short-term corrections. Risk management is crucial, as the market navigates these uncharted waters. Conclusion Bitcoin’s new all-time high of $107,000 marks a significant milestone, driven by both fundamental and technical factors. President-elect Trump’s pro-Bitcoin stance has ignited fresh optimism, while technical indicators and on-chain metrics point to continued bullish momentum. With $150,000 as the next ambitious target, the crypto market is buzzing with excitement. Will Bitcoin continue its ascent, or will a correction provide a breather before the next leg up? Only time will tell, but for now, the flagship cryptocurrency is firmly in the spotlight.
BINANCE:BTCUSDLong
by DEXWireNews
BTC/USD Bull Run Continuation My analysis is pretty simple. Using moving averages, volatility, and momentum indicators, I predict a sizeable move to the upside on a daily time frame. price action has consolidated around the yellow 21 EMA and is now officially bouncing off of the 5 EMA. The last time this happened was last month in the beginning of November after we broke the all time highs within the 70K range. Momentum itself has also shifted to the upside along with volatility rising. That's pretty much it. Have a great holiday season everyone.
COINBASE:BTCUSDLong
by kuzonthereaper
1
Softbank $100B AI Investment Promise Heard Worldwide COINBASE:BTCUSD is going bananas today, shortly after Softbank CEO announced $100B AI investment in the United States on stage with American President. The howling wolf chart pattern shows the excitement exploding as confidence in American economy future success is skyrocketing worldwide. Good things in store for BINANCE:BTCUSDT beautiful oasis in the world. Have a great day trading the pump. Remember Habibi, the desert tests your will, not your strength. www.livemint.com www.youtube.com
COINBASE:BTCUSDLong
by LawrenceOfCoinrabia
1
BTC top at 105 to 108k?I'm always looking for signs of a change in trend direction. A good indicator has always been; 1. A series of higher highs in the price-action, with 2. A corresponding series of lower highs on the RSI (for major trend changes or corrections I use the daily time-frame), 3. Ideally, three lower highs on RSI (sometimes you only get two), with the final RSI high FAILING to get above the 70 level of RSI (red circle). To me this signals - at a minimum - a correction is inbound. So, I would look for other indicators to determine if I think if it is a correction or a trend-change i.e. bear market. There is a plausible Elliot Wave count. Without getting too technical, I see the 105 to 108k as the end of the trend. Could be wrong, could be right. If I am right I should get a medal for accuracy. Happy trading.
BINANCE:BTCUSD
by flyinkiwi10
2
BTC/USD Performance Review: December 16, 2024.BTC/USD Performance Review: December 16, 2024 Market Overview Bitcoin (BTC) has had a dynamic day, reaching a new all-time high of $106,648 in the early Asian session. However, it has since corrected to around $104,773. The main driver behind today's price action is the anticipation of the US Federal Reserve's decision on interest rates, expected on Wednesday. Key Events and Influences New All-Time High: BTC reached a new all-time high of $106,648 early today. This surge was driven by strong institutional demand and positive market sentiment. Federal Reserve Anticipation: The market is closely watching the Federal Reserve's upcoming decision on interest rates. A potential rate cut is seen as positive for risk assets like Bitcoin. Institutional Inflows: Bitcoin Spot ETFs recorded a net inflow of $2.17 billion last week, indicating strong institutional interest. Technical Indicators: Early signs of bearish divergence in the Relative Strength Index (RSI) and Awesome Oscillator (AO) suggest weakening bullish momentum. Price Movements Opening Price: BTC started the day at $105,000. High: Reached a high of $106,648 early in the Asian session. Low: Corrected to a low of $104,773 later in the day. Current Price: Trading around $104,773 at the time of writing. Technical Analysis Moving Averages: BTC is trading above its 50-day EMA but below its 200-day EMA, suggesting a potential bullish trend if it can reclaim the 200-day EMA. RSI: Currently at 68, approaching overbought territory. A break above 70 would typically generate a sell signal. MACD: The MACD line recently crossed above the signal line, indicating bullish momentum. Bollinger Bands: The price touched the lower Bollinger Band and is now moving upwards, indicating a possible reversal. Volume: OBV is rising, suggesting strong buying interest. Market Sentiment Fear and Greed Index: Currently reads 83, indicating "extreme greed" among traders. Analyst Predictions: Analysts remain bullish on BTC, with some setting a target of $110,000. Conclusion Bitcoin has had a volatile day, reaching a new all-time high before correcting slightly. The market is closely watching the Federal Reserve's upcoming decision on interest rates, which could significantly impact BTC's price. Despite the correction, the overall sentiment remains bullish, supported by strong institutional inflows and positive technical indicators..
FX:BTCUSDLong
by OakleyJM