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Bitcoin MVRV - A Key Indicator to WatchThis indicator measures the ratio of Bitcoin's market capitalization to the average purchasing cost of each address holding the asset. In short; it provides insight into the profitability of the average investor. A higher ratio suggests that the current market value of the asset significantly exceeds the average purchase cost, indicating that most holders are in profit. Conversely, a lower ratio may suggest that many holders are at a loss. Historically, high values between 3.5 and 5 have coincided with peaks in the markets. The current value is 2.56. This indicates that although CRYPTOCAP:BTC is approaching a heated territory, it's not yet at peak levels. One important trend to observe is that the MVRV peak has declined in every major Bitcoin cycle. It is reasonable to expect this trend to continue, and key levels to watch would be in the 3 to 3.4 range.
BLong
by IntoTheBlock
Bitcoin Continuation to $60k this MarchBitcoin ETF flows have continued to exceed recent expectations. On average it would seem we have been seeing about $500M in new money come in every day. If this continues, which I expect it will, price will continue toward the previous Bitcoin ATH around $70k very soon. In short term however, I think price will hit the $60k area by or in March. This is the measured move of a large bullish megaphone pattern, that just successfully completed a retest of the upper boundary at $50k. Happy trading!
INDEX:BTCUSDLong
by HaydenOtto
Bitcoin available scenarios 💹 © Alt-Season®🎉For me , there are two scenarios ahead of Bitcoin 1️⃣ The price will reach a new ATH and start falling from a level that only the market maker knows (Diamond) , which after the new ATH, we should look for signs of falling in lower time frames. 2️⃣ The price should be rejected from this QM level (the level in which it is located), which is necessary for Bitcoin to be sidelined for at least a month or two to clear the market maker's purchases. 📌 Fail Analysis: price goes to higher levels ( more than three-month candle ATR) without any consolidation 🥂 Still enjoy the alt season at this level
Short
by forexvid
Last chance to buy. Last week was very eventful for BTCUSD. Breaking out of the two week long consolidation, the price surged, increasing by around 20%. However, after reaching a local high on Thursday, the price began consolidating recent gains and is adjusting to the $60,000 mark. The positive for bulls is that this consolidation is forming a symmetrical triangle, which we know typically indicates a continuation pattern. In conclusion, in my view, any dips should be considered opportunities for buying, and only if the price drops below 59K in terms of daily closing would this scenario be put on hold.
BITSTAMP:BTCUSDLong
by samstoobad
1
Bitcoin $30000 (Forget to publish this a few days ago however, this is not investment advice. I am just sharing my opinion. The long-term scenario is bullish. I will update once it reaches the expected target.) The recent approval of spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) is indeed a significant development in the cryptocurrency market, marking a milestone for crypto adoption. This decision, which came after more than 10 years of anticipation and several rejected proposals, has been met with a mix of reactions from the crypto industry. On one hand, it has been celebrated as a historic moment that could lead to a substantial influx of capital into Bitcoin, with estimates predicting upwards of $100 billion flowing into Bitcoin ETFs in the U.S. this year alone. The approval is seen as a nod towards the increasing market size and institutional interest in Bitcoin, with the market cap nearing $1 trillion and institutional giants like BlackRock joining the ETF race. On the other hand, there's a discussion within the crypto community about the immediate impact of this approval on Bitcoin's price. Some analysts and industry observers are contemplating a "sell the news" event, where the price might experience short-term sell-offs as the ETF news might already be priced in. This sentiment is based on the theory that traders often capitalize on market movements by trading on rumors and tend to sell once the actual news is released, potentially at a profit. However, the price of Bitcoin before and after the approval has remained largely unchanged, suggesting that significant movements had already been anticipated by the market. The overall market sentiment seems to be that while the approval is a positive step for the legitimacy and accessibility of Bitcoin, it may not necessarily result in an immediate dramatic price surge. This is partly because such significant events are often anticipated by the market, and their impact is reflected in prices before the actual event occurs. However, experts also note that the long-term implications of the ETF approval could still be bullish for Bitcoin, drawing parallels to the introduction of gold ETFs and their subsequent impact on gold prices. The introduction of these ETFs has also highlighted the importance of collaboration within the industry to ensure robust safeguards against fraud and market manipulation, which is crucial for the continued growth and maturation of the crypto market. In the context of the trading chart and the broader market dynamics, the negative momentum and declining volume in the face of such a significant event could suggest that larger market players may be waiting for more favorable entry points. This could be part of a broader strategy to accumulate at lower prices, which is a common practice among investors with substantial capital at their disposal. However, it's important to remain cautious and consider that the market can be influenced by many factors, and the actions of large investors are just one piece of the puzzle.
BITFINEX:BTCUSDShort
by UnknownUnicorn762819
BITCOIN SHATTERED Bull Market Doors! What NEXT??Welcome back! Let me know your thoughts in the comments! ** BTCUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
BITSTAMP:BTCUSDLong
by BKTradingAcademy
BITCOIN BEFORE THE HALVING My logarithmic to daily 4hr charts is here! we might see 57-58k as I predicted my previous post, this valid once price keep pushing upto 55000 level zone. If this is a distributions we might not see 55000 level, see the arrow . But for my view price might test that 57-58000 level before incoming month of march. Im expecting a month of upside before the halving and I will be updating this idea once this complete. The second arrow is Small distribution after those upthrust moves of price at 53000 level. The other arrow is for the higher context of distributing its price on higher supply at 57-58000 level. this moves might goes a higher EUphoria level same on the 64-69000 last time. so becareful alway buy low and stack harder! Follow for more!
CME:BTC1!Long
by D1GITALTRADES