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Btcusdtanalysis

Bitcoin Price Analysis Bitcoin surged above the $44,700 resistance on January 2, but this breakthrough turned out to be a price trap as it sharply declined on January 3. Buyers stepped in as prices dipped to the 50-day simple moving average ($40,938), indicating strong bullish defense around the $40,000 mark. The exponential 20-day moving average traded sideways ($42,855), and the Relative Strength Index (RSI) near neutral suggested restrained price action ahead, within a potential range between $40,000 and $45,879. A sharp drop below the $40,000 support might signal short-term bearish surrender, possibly pushing the BTC/USDT pair towards the next major support at $37,980. Buyers could regain control by pushing the price above $45,879. Subsequently, the pair could aim for $50,000. The recent price fluctuations indicate a tug-of-war between buyers and sellers, emphasizing critical support and resistance levels that will dictate the next market move. Breaking through resistance or succumbing to lower support thresholds will be pivotal in determining short-term market sentiment.
BITSTAMP:BTCUSD
by Larissa-Trader
🗺️Bitcoin Roadmap🗺️⏰(4-hour time frame)⏰📈Today I want to show you all the Resistance/Support lines and areas that we should consider for Bitcoin analysis and trading . 💡Bitcoin with the announcement of the spot Bitcoin ETF application file by the Swiss company Pando is 3 weeks after this company's request by the SEC , and the listing of ARK 21Shares spot ETF in DTCC broker started to rise from the 🟢 Support zone($40,900_$40,200) 🟢 to the 🔴 Resistance zone($43,500_$42,800) 🔴. 💡Bitcoin is currently in a sensitive area , so that it seems to have succeeded in breaking the 🔴 Resistance zone($43,500_$42,800) 🔴. On the other hand, there are Resistance lines and 🟡 Price Reversal Zones (PRZs) 🟡above the current price of Bitcoin. 🧐So now that Bitcoin is in a sensitive area, we should use other technical analysis tools such as Elliott Wave Theory . 🌊According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the correction structure of Double Three Correction(WXY) . In such a way that the main wave W and Y have a Zigzag(ABC/5-3-5) correction structure, so it can be said that the correction structure is Double Zigzag Correction(WXY) , which is a special type of Double Three Correction. 💡Another thing to keep in mind is that I expect the DXY index to go up and have a negative effect on Bitcoin due to the correlation(-0.60) between Bitcoin and the DXY index . On the other hand, it is very likely that in the coming week, the Gold chart will also have a downward trend (Gold has a Correlation of 0.51 with Bitcoin at the moment), so Gold can also have a negative effect on Bitcoin. 💡Also, we can see Strong Regular Divergence(RD-) between two Consecutive Peaks . 🔔As a result, I expect Bitcoin to Fall to at least the Support line(1) in the coming days 🚦Since Volume Trading is usually low on Saturdays and Sundays , perhaps the decline of Bitcoin will be a little delayed . 📚Regarding the possibility that the spot Bitcoin ETF will be approved around January 10 , I can say that I think the market is currently full of news about this issue and we saw its effect on the chart weeks ago, so I think Bitcoin can still be corrected until it really is. Let confirmation spot Bitcoin ETF come so we can see another exciting movement in the crypto market. ❗️⚠️Note⚠️❗️: If BTC can touch $44,800, Bullish Scenario will be active == Next 🎯Target🎯 ==🟡 Price Reversal Zones (PRZ(1)) 🟡. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
59
Bitcoin Surpasses $45,000 Mark Amidst Altcoin MilestoneBitcoin surged over 6% in the first week of the new year, hitting $45,000 in 2024. This milestone holds significance for altcoins as it marks their highest level in 21 months. The last time BTC reached this level was in April 2022, during a bearish market peak that halted its ascent at $18,200. Despite the recovery, Bitcoin hasn't breached the $45,259 resistance. This level played a pivotal role as support and resistance in February, March, and April 2022 and continues to act as a barrier. Although BTC briefly surpassed it during trading hours, it retracted and closed below. The Relative Strength Index (RSI) remains significantly higher than the neutral line in the bullish zone, indicating cryptocurrency's continued momentum. This aligns with the anticipated approval of BTC ETF funds expected to launch in the coming week, likely acting as a catalyst.
BITSTAMP:BTCUSD
by AdmamTrade
BTCUSD: US dollar strengthens as US bond yields rise pending relInvestors are bracing for a busy week ahead of key economic data, including European inflation data and U.S. employment and non-farm payrolls. These numbers will go a long way in shaping the Federal Reserve and European Central Bank's expectations for monetary policy decisions. Details of the Fed's discussions are expected to be revealed on Wednesday when the minutes of the December Federal Open Market Committee meeting are released. According to the CME FedWatch tool, market sentiment reflects an 82% chance that the Fed will start cutting interest rates in March, with more than 150 basis points of easing expected by the end of the year. Traders are also keeping an eye on volatile oil prices due to concerns about potential supply disruptions in the Middle East following recent attacks on container ships in the Red Sea. In the crypto market, Bitcoin has risen 3.25% since the beginning of the year, reaching its highest level since April 2022, on expectations that the U.S. Securities and Exchange Commission will soon approve Bitcoin spot fund trading. did.
BINANCE:BTCUSDLong
by Chart_MasterPro
Bitcoin's Surge and Jim Cramer's Impact on Market Sentiment Bitcoin (BTC) is on an upward trend, surpassing the weekly supply zone midpoint, signaling a possible continuation. However, recent remarks by CNBC's Jim Cramer added confusion. The market anticipates SEC approval, hinted by a Reuters report between January 2nd and 3rd. This, coupled with FOMO and speculative trading, boosted BTC by 7% on January 7th, breaking the $43,860 USD mark. The breach signifies a potential sustained uptrend, with resistance levels between $40,387 USD and $46,999 USD. The surge led to the liquidation of bearish positions worth $44.43 million USD, challenging the bearish outlook against the growing bullish sentiment.
BITSTAMP:BTCUSD
by Larissa-Trader
1
"Bitcoin Holds Strong Above $42,000 in 2024"As of now, Bitcoin trades at $42,376 on Binance, maintaining its position above $42,000 into 2024 despite signals of price dips in on-chain data. Recent data shows profit-taking by BTC traders from October to December 31, alongside a surge in BTC supply on exchanges by year-end. Despite mounting selling pressures, Bitcoin remains steady above $42,000 as of January 1. Anticipation around BTC ETF approval near the January 10 deadline continues, with Bitcoin providing consistent monthly gains of nearly 10% for holders amidst various market indicators.
BITSTAMP:BTCUSD
by AdmamTrade
Bitcoin Analysis✈️(Three Rising Valleys Pattern)✈️✅Bitcoin reacted well to 🟡 Price Reversal Zone(PRZ) 🟡, as I had expected in the previous post . 🔨Currently, Bitcoin has managed to break the Resistance lines and is completing a pullback to these lines. 🏃‍♂️Also, Bitcoin seems to be moving in an ascending channel , and inside this ascending channel , the Three Rising Valleys Pattern can be seen well. 🔔I expect Bitcoin to start rising from the bottom of the ascending channel and continue to rise at least until the upper resistance line or the upper line of the ascending channel . ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
15
Bitcoin is Ready to Go 🚀UP🚀Again🚀Bitcoin started to rise near the 🟡 Price Reversal Zone(PRZ) 🟡. 🌊In terms of Elliott waves , a Zigzag(ABC/5-3-5) Correction in the 🟡 Price Reversal Zone(PRZ) 🟡 appears to have been completed . 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect Bitcoin to go UP to at least the 🎯 First Target 🎯 I marked on the chart after breaking the Resistance lines . ❗️⚠️Note⚠️❗️: If Bitcoin can break the 🟡 Price Reversal Zone(PRZ) 🟡, the scenario will change. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
38
Bitcoin's Consolidation Raises Investor CautionBitcoin's steady climb since early November peaked on December 4th, breaking through the weekly supply zone from $40,387 to $46,999. The pivotal point at $43,860 signals the need for a breakthrough to sustain the upward trend. However, technical indicators suggest a possible opportunity for investors to wait for a dip before buying, anticipating a 2024 price surge driven by ETF enthusiasm. Despite Bitcoin being overbought, the Relative Strength Index (RSI) remains weak, hinting at a potential corrective phase. If RSI breaches 70, confirming overselling, Bitcoin's support from the upward trendline could weaken. A downside move might push Bitcoin below the $40,387 support level, potentially testing $37,800 in more severe scenarios. Bitcoin's consolidation reflects investor caution, pondering entry points amid signs of a temporary retreat before a potential future surge linked to ETF speculation in 2024
BITSTAMP:BTCUSD
by AdmamTrade
3
BTC/USD Forecast: Cautiously Positive ConsolidationBitcoin's price gains support from evolving central bank policies globally, particularly the US hinting at looser monetary policies in 2024. Short-term price dips may present buying opportunities. Potential support lies around $40,000, with $38,000 as an additional level in case of a substantial downturn. Resistance is projected at $45,000, targeting $47,500 next, a historically influential level for Bitcoin. Recent Bitcoin fluctuations signal uncertainty despite factors like potential ETFs and policy changes influencing market sentiment. Traders closely watch key levels for the next moves in this volatile market.
BITSTAMP:BTCUSD
by Larissa-Trader
Bitcoin Analysis(🦀Bearish Deep Crab Harmonic Pattern🦀)🏃‍♂️Bitcoin is moving in the 🔴 Resistance zone($43,500_$42,800) 🔴 and near the Resistance line and inside the Ascending Channel . 🌊According to the theory of Elliott waves , Bitcoin seems to be completing a Zigzag(ABC/5-3-5) correction in the ascending channel so that wave A has an Expanding Leading Diagonal . 💡Also, Bitcoin has managed to form a 🦀 Bearish Deep Crab Harmonic Pattern 🦀. 🔔I expect Bitcoin to start falling after breaking the lower line of the ascending channel . ❗️⚠️Note⚠️❗️: If Bitcoin breaks the Resistance line, the scenario will change. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
32
"Bitcoin in 2024: Unveiling Trends and Market Dynamics"As a part of Messari's 2024 Cryptocurrency Thesis, the platform highlights the growth and impact of BRC-20, Ordinals, and Inscriptions. These new transaction forms, along with Tem and Runes, have surged this year, flooding the Bitcoin mempool and causing a notable spike in transaction fees. According to the thesis, engravings alone accounted for approximately 21% of total transaction fees in 2023, based on data available as of December 10. Bitcoin's price remains relatively stagnant over the past month, currently trading at $42,598. At this juncture, BTC shows no clear signs of upward or downward movement, likely to sustain consolidation within the range of $42,069 to $44,006. If Bitcoin manages to breach the resistance at the upper end of the range, a bullish breakout could occur, pushing BTC beyond $45,000. However, should BTC fall below the support level of $42,000, a correction might lead it down to $40,000, testing the 100-day Exponential Moving Average (EMA) at $42,000. The market outlook for Bitcoin in 2024 is influenced not only by existing factors but also by emerging trends and transaction methods, as detailed in Messari's comprehensive thesis on the cryptocurrency landscape. Investors are keenly watching for potential breakthroughs and developments that could shape the trajectory of Bitcoin in the coming year.
BITSTAMP:BTCUSD
by Larissa-Trader
BTCUSD H4 / POTENTIAL RISE UNTIL 48K 📈✅Hello Traders! This is my idea for BTCUSD H4. At the moment, BTC remains in consolidation, and soon I expect a rise until the price of 44.000 which is a strong resistance level. As a target, I see the price of 48k. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
BITSTAMP:BTCUSDLong
by GoodTradeST
BTCUSDT ready for breakout to the upsideThe price has been trading inside and below the resistance for long. A few time, it managed to even go beyond the resistance zone, however, it did not manage to close above this resistance on 4h or 1D time frame. And this all price movement seems to be a consolidation before the upward move. Therefore, I think the breakout is near. A long is favorable from this area. The target should be the weekly resistance zone which is sitting around 46300-48100.
Long
by angela_altair
Bitcoin Surpasses 50 Million Addresses, Reaches All-Time HighBitcoin continues its robust upward trend, recently reaching a significant milestone by exceeding 50 million unconfirmed addresses. This achievement reflects increasing user adoption and widespread acknowledgment of cryptocurrency as a legitimate asset. With an average holding of approximately $16,000 per user, the implications for future price performance are substantial. The recent all-time high underscores strong confidence among investors and users, signifying a maturing market transitioning from speculative trading to broader acceptance and usage. The impressive bullish trajectory in the price chart, marked by higher lows and a growing number of addresses, indicates a solid foundation for future growth. Bitcoin's ability to maintain strong support adds to its resilience and appeal as a store of value. As each user represents an average organization with the potential to multiply, the overall value of the network may continue to grow exponentially, solidifying Bitcoin's position as a leading cryptocurrency. The increase in addresses with non-zero balances is not just a numerical milestone but evidence of trust and value placed in Bitcoin by millions worldwide. This expanding user base serves as a powerful driver for sustained and stable price performance, hinting at a promising future for Bitcoin's price potential.
BITSTAMP:BTCUSD
by AdmamTrade