Support Resistance #BTCSTARBURST Will the digital gold explode or will it fail to break through. Is 65k the next target. Hopefully there can be some catalyst to kick this into over drive. by Jonnycatx0
BITCION ATH 2025! how banks & whales View bitcoin!How Banks View Bitcoin Skepticism and Regulation: Many traditional banks have been skeptical of Bitcoin due to its association with volatility, speculative trading, and potential use in illegal activities. Regulatory concerns are a major factor, as banks operate under strict regulatory frameworks. Bitcoin's decentralized nature can pose challenges for compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations. Adoption and Integration: Despite initial skepticism, some banks have started to integrate Bitcoin and other cryptocurrencies into their services. This includes offering custodial services, facilitating crypto transactions, and even trading desks for cryptocurrencies. Examples include JPMorgan Chase, which has created its own digital coin (JPM Coin) and provides banking services to cryptocurrency exchanges. Blockchain Technology: Banks are also interested in the underlying blockchain technology that powers Bitcoin. Blockchain can improve transparency, reduce fraud, and enhance the efficiency of financial transactions. Many banks are exploring or implementing blockchain solutions for cross-border payments, trade finance, and digital identity verification. How Whales View Bitcoin Store of Value: Large investors, or "whales," often view Bitcoin as a store of value, similar to digital gold. They invest in Bitcoin as a hedge against inflation and currency devaluation. Bitcoin’s limited supply (capped at 21 million coins) contributes to this perception, making it an attractive asset for preserving wealth. Speculation and Investment: Whales are typically sophisticated investors who may engage in speculative trading to capitalize on Bitcoin's price volatility. They use advanced trading strategies, such as leverage, options, and futures, to maximize their returns on Bitcoin investments. Market Influence: Due to the large volumes of Bitcoin they hold, whales can significantly influence the market. Their buy and sell decisions can lead to substantial price movements. Whales often engage in over-the-counter (OTC) trading to minimize the impact on market prices and maintain confidentiality. Diversification: Many institutional investors include Bitcoin in their portfolios to diversify their investments. Bitcoin is considered an uncorrelated asset, meaning its price movements do not closely follow those of traditional financial markets.Longby RizzardFx0
Bitcoin is at a cross roads right now - Whats bext ?This Monthly Bitcoin chart shows how we could be with in the realms of reality to expect further push high. We have not reached the upper trendline yet. Noy even begun the journey to the next real ATH. BUT...................... PA ( Yellow line) has been in a large ascending channel since Dec 2013. It has touched the upper trendline 4 times and the lower 3 times. This makes these lines Valid. ( on the Weekly, the lower trend line has been touched Multiple times....) So, We should all be Bullish right ? There are plenty of reasons to remain bullish but there are also many reasons why a high level of caution is now required. The reasons being - > 1) Since Oct 2009, PA has been held down by a diminishing curve ( Orange arc on main image). PA Broke out of that Curve in Sep 2020 but there could be a legacy yet to be discovered, that Keeps PA down to a level . 2) The Gaps between the Horizontal dashed lines off the ATH's have also been diminishing. 8000% - 800% - 300% - ? 3) in Jun 2019, PA reached up to the previous ATH line and was rejected. PA is currently around a similar point. 4) MACD is up high and falling Bearish Though this can range as it did in 2021 5) The SOPR is spiking again as Mt Gox BTC is released and many are taking their huge profits. This could lead to PA Dropping and given the amount of Leveraged Shorts , a Cascade could result unless all the BTC sold is snapped up again in a short time period. The SOPR usualy Tops around the Times of ATH and TOPs On a more Bullish note - The Mayer Multiple is reaching down to its MA and it could bounce off this. The MVRV and Z Score are very close and rising though this is not something to be seen as positive just yet. So far, PA seems to be holding up but for me, It is a tightrope right now. Longer Term, I am still Bullish and I can see 100K before Year end but right now, things can change.................by Orriginal0
$Bitcoin still holding! Bitcoin on 4hr TF looks like its in consolidation between $69 & 67k but still in an uptrend as shown with yellow line under the price action. I remain Bullish as long as CRYPTOCAP:BTC stays above that yellow line, if it breaks below the line then i will flip my thesis to short term bearish and wait for further price action for a directional confirmation. Our struggle has been staying above $71k, once we break above 71k & hold a Weekly candle we will see that strong push to $80k or higher 🧐Longby Trade_Wolf0
Omega Candle Soon10 000 Candle will happen only above $74 000. Or it will happen around the end of bull run. Be patient, enjoy the run.Longby GreatMinds1
BTC/USD Elliott Wave AnalysisDetails: Prices have been developing in Double Zigzag (WXY) (Minor Degree) (Red Color) in Wave 2 and then increasing to Wave 3 (Impulse Wave) (Intermediate Degree)by tadchai0
BTC/USD Elliott Wave AnalysisDetails: Prices have been developing in Double Zigzag (WXY) (Minor Degree) (Red Color) in Wave 2 and then increasing to Wave 3 (Impulse Wave) (Intermediate Degree)by tadchai0
BTCUSD Expect movement #BUTCUSD The price is currently located at the support zone and mostly it will be fallen below to retest 61,236$ level. But from 61,236$ the pair makes a bullish pattern. However The analysis shows the overall up trend. According to the last crypto currency event, it can be possible.by chamitha451
Have some tea? Or coffee? LONGI think this could be ABC correction and also handle of previously shared cup and handle. leading us with 144 and 80 as levels but be aware that 64k is the buy zone for this long.Longby valtermedeiros1
BITCOIN Long From Support! Buy! Hello,Traders! BITCOIN went down to Retest the horizontal Support of 66,5k$ But its a strong key level So we will be expecting A local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals111
Bitcoin Final Leg Up By End Of 2024Looks like Bitcoin has a final leg up to close out 2024 before a correction in 2025. Bottom of trendline and channel seems important. Squeeze is tight.Longby TAnotepad0
2024-05-29 - a daily price action after hour update - bitcoinGood Evening and I hope you are well. bitcoin comment: Let’s make this simple. Bullish above big red line around 70600 and uber bearish below 65000 and . Neutral in between. Not rocket science. But how good was my two legged correction from two days ago? Hope you made some. current market cycle: Trading Range key levels: 56000 - 74000 bull case: Bulls still dreaming of 100k while market is grinding lower. Below 65000 is 64000 next and if that small bull trend line does not hold, 60000 next. On the daily chart you could make an argument for a bigger two legged correction but bulls would need a really strong rally above 70000 again for that to be the case. Daily 20ema is right at 67000 and above that, bulls are still in control. I expect some more sideways movement between big red and big orange line. Invalidation is below 65000. bear case: Bears doing a decent job of rejecting everything above 70000 but they fail to push the market to lower lows. So naturally we are forming triangles and are in breakout mode over the next days. R:R here at 67300 is on the bull side, don’t get bearish at the lows in trading ranges. Invalidation is above 70600. short term: Sideways to up - should probably hit 70000 again unless bears make lower lows and we test 65000 next. But betting on the bear breakout below the wedge is low probability. medium-long term: down to 40000 (could take 3-6 months). Could also drop to 20000 again but let’s make 40000 first and see how many want to buy there. —unchanged trade of the day: Spike and channel bear day from before EU session. Tricky to trade because it had only one good spike and then just overlapping bars. Second best trade was the short bar 14 at the 1h 20ema.by priceactiontds0
all you need to knowSpeaks for itself. No need for boring talk about waves, fibs, wyckoff etc. This single signal works always. Good luck.by 204f527996864c37bf99691291ae25Updated 0
BTCUSD Channel on the 4HDespite the recent push upwards, we are still very much in a downward channel. Just look how perfectly the prices align to it and how quickly a break to the downside was bought up. I dont see we are out of the woods yet in the long term unless this channel gets broken to the upside and price stays clear of reentering. I myself would try to enter longs on the bottom line and scale in the further we go up, take some profit before the upper line ..wait and see. The same goes for short plays - go short around the upper line, scale in and take some profit before hitting the lower line. This is the 4H so these are long term trades. Good hunting. by MaPaCUpdated 112
BTC is losing a lot of strength BTC in the short term I think BTC will make a retest of the 63k to then start gaining some momentum to the upside around 69-73k, I think it will reject at around 73k but anything could happen, this is the market after all, I would like to see BTC breaking above, but we are yet to see how it will behave when it start reaching those levels, we will see when we get there (if we get there) Rejecting below 73k will prep BTC for a visit to the 50s, my ultimate target will be around 51k But that's too far out in the future, first we have to see what BTC does this coming month. The reason for this is the market is exhausted and most people is pulling their profits out instead of going long, by GoldHatTraderUpdated 2
BTC broke down structureOk so the market broke down structure, (that's never a good sign) however its trying really hard to turn around but its still undecided yet, There are 2 outcomes and it will all depend on what BTC do at 62.8k (63k) If the price line fails to go above 62.8k and hold then that would mean a rejection of the uptrend and a change of character to the downside and a continuation of the Elliot wave 2 towards 3 on a descending channel. On the bullish side which its what I am expecting going above 63k and holding prices will push BTC towards the 75-85k rangeby GoldHatTraderUpdated 2
Astrology for Men: BTCUSD 2024/05/29Conditions: Ichomoku MA cross over with fast moving average falling below slow moving average. Price entering the cloud means it will like fall to the bottom of the cloud LRSI signaling sell by re-entering the lower zone as opposed to oscillating up to the higher zone. Expecting price to fall and rebound between 65k to 66.4k.Shortby fjvannini110
Expired BTC.USD Weekly outlook. 5th WK MAY 2024Expired BTC.USD Weekly outlook. 5th WK MAY 2024 > BULLISH 📈 CORRECT Closed Price: 68,547 Target Price: 70,547 | Strike Price: 70,576 MAY27 24' Upper Range: 77,087 Lower Range: 64,008Longby putIQ1
The expected Bitcoin (#BTC) price movements: The expected Bitcoin (BTC) price movements: The price did not break the previous top. The price is currently going down with two expected movements: Movement 1: The price will correct to the first zone but will not cross the resistance area at 66,500. Movement 2: The price will drop down to correction level 2. After these movements, the price is expected to go up again, reaching the expected level of 115,000. Shortby Tdawly_Official0
check the trend It is expected that the price will change the trend in the green resistance range and we will witness the continuation of the correction process. If the price stabilizes above the resistance range, it will be possible to continue the upward trendby STPFOREX0
Bitcoin faces resistance: A battle for All-Time HighsCurrently, Bitcoin is facing several resistances prior to its attempt to reach all-time highs (ATH). A correction has started from the first resistance level, which could lead its price down to $63,000. It won’t be easy to break through its ATH because there’s a significant amount of money waiting at those resistance levels, ready to exit. Therefore, Bitcoin needs a catalyst to provide the strength to surpass these resistances and enter into a bull run.by CryptoCoBitUpdated 0
BTC (Y24.P2.Video1).Planning tradesHi traders, Here are my thoughts for the next potential setups and hence levels of interest to trade. Still macro bullish. Please give me a like and share, Regards, S.SariLong04:07by ssari0