BTC Market Cap Weekly Chart; Deviation and Trend Analysis Colored zones show ranges in $ of BTC's Market Cap since 2017
Lows and highs marked; Dotted vertical lines to give aprox dates
Trend lines all starting from 2017 Low
Price deviations shown as dashed arcs
Will be watching to see if BTC can maintain a $500B MC moving forward in 2023
Trade ideas
Bitcoin steady marketcrap takeoverBitcoin steady uptrend toward the $600B-650B range which is acting as a magnet as per confluence with several technical levels.
Trendlines provide a simple yet powerful way to visualise the health of the trend and it's invalidation structure.
Now. Treat these as guidelines not statements of truth. Treat everything as uncertainties and manage risk accordingly.
Make sure to check on my videos where I generally give my personal broader view on Bitcoin price chart along other interesting data points.
I call this the 3 Amigos!When the 3 amigos shows up in the chart. It is time to pay attention. The chart will not lie to you like a humanoid. Men and Women lie. The charts tell me the facts. Do your own research as this is not investment advice. Just a cool way to see when I love to buy the three amigos. 😋
Short term view of BTC [ support showing in the past few days ]Recent BTC volumes shows a number of time a huge volumes are created at the low price, which is an indication of some big players supporting the price around this range .
However, there are some buyers came in around $23,883 area which is enough for the big players to distribute some BTC at the range . This is why it causes a fall in price after that. If there are enough buyers within $23,000 range, then the rebound will not happen. Because big players don't need to mark the price higher to attract more buyers for distribution.
If rebound happens
Based on our approach, the rebound might not be sustainable due to the previous price fall shows sign of controlled price fall / selling to avoid market panic . In our view, the big players might still hold some BTC in hand & wants to distribute more. A small price up will happen & retrace right after.
Disclaimer : The volume data BTC analysis in 5 mins chart is from source that have collective volumes from different exchanges or market maker that they could access to and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
btccornfirmation first!!!!cornfirmation first!!!!cornfirmation first!!!!cornfirmation first!!!!cornfirmation first!!!!cornfirmation first!!!!cornfirmation first!!!!cornfirmation first!!!!cornfirmation first!!!!cornfirmation first!!!!cornfirmation first!!!!cornfirmation first!!!!cornfirmation first!!!!cornfirmation first!!!!
Crazy Theory Bitcoin Market Cap Calculation (Based on 2018-2021)In 2018, the bottom of BTC was about 3340 USD, with a market cap of 59.542 billion.
By 2019, BTC had reached 10,000 USD, with a market cap of 191.025 billion , a difference of 131.483 billion.
2022 The bottom seemed to be 16767 USD, with a market cap of 318.999 billion , the same difference of 131.483 billion , for a total of 450.482 billion - same highest we got 24,000$ so far On January 29, 2023. Crazy, huh?
Now back to 2018, from the last higher of 10,000 USD, the market cap was 191.025 billion , minus 118.342 billion into the second bottom, which seemed to be about 5700 USD, for a difference of 72.683 billion .
So, in 2023, the last higher was 450.482 billion minus the difference of 2018, which was 72.683 billion, for a total of 377.799 billion , which seems to be almost 20,000 USD. Is that the second bottom before reaching new levels?
Next predictions: from 2018 to 2021, the market cap was 59K to 1.159 trillion , minus 118.342 billion , for a total of 1.040 trillion . Adding 377.799 billion to 1.040 trillion gives us a total of 1.417 trillion.
Using the formula Price = Market Cap / Circulating Supply, the price prediction from 20,000 USD is 73,042.76. That's a 270% increase from 20K to 73K - compare this to the 2000% increase from 3000 USD (in 2018).
My guess is that BTC will reach 73K in 2024, then go back for a correction before targeting 150,000 USD at the end of 2025 or Q1 2026 - that's an 800% increase from 15K.
Good Luck.
Death Cross Dump incoming? This symmetry says it willWeekly Death cross will likely happen in next few weeks, wat will it do?
If it does play out bearish like it mostly does on the daily chart, i would not be surprised tot test the 230B mark.
Mirroring previous uptrend tot this downtrend would also be beautiful to see, isn't it?
Where is Crypto heading?Spread graphs assist precision in determining key resistance & support levels. Current economic conditions aren't promising for such volatile/unregulated assets. It is critical to point out the heavy sells over the last year matched the timing of the Russo-Ukrainian war, the rise in the cost of living, the natural end of the bull cycle* and etc. At times of stable quietness (placidity), we should expect financial assets to return towards their equilibrium valuations.
The 2 blue downward-sloping channels have the same gradient and similar attributes. For both the anticipated bull run began after breaking out of the middle (grey, semi-lines) line. Moreover, due to the magnitude of last year's sales, the current strength of the breakout is instinctive.
The top pane represents the correlation coefficient between cryptocurrencies and safe heavens. Their natural negative correlation implies that at peaks of the indicator large momentum in one direction is expected. RSI (pane below) may assist to speculate which direction the short-term/long-term trend is going.
The arrow path is based on BTC's historic breakout from 2019 (1st downward-sloping blue channel)
Thanks again
BTC Dominance going up! Hopefully we reverse back down!I'm an ALTCOIN holder so I'm biased towards an ALT season.
Unfortunately, it does look like the BTC dominance will be breaking out of that downtrend starting early 2021.
How high could it go?
Yes, usually BTC goes up first, follow by ETH, Big caps and then smaller alts.
Let's see if it happens like that again.
this could be the bottombtc have bounce of 3 support at the perfect area to join confluence
1) btc held the 16300 horizontal support that was in the area of the 2017 all time high
2) it has also hit the trendline that started from around 30k to 15k
3) btc macro trenline was a major support that started from 2017 to 2022 and if u look at my chart analysis i have marked the area where btc has bounce and it has bounce at the best place possible right in between all 3 support line.
4)also my tdi indicator has broken its trendline and shows bullish divergence also strong volumn indicating to buy
do take into account the dxy is coming near to a major support i believe more important than the previous support.






















