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Bitcoin100k

Volume Spread Analysis (VSA) reflects increasing selling!🚨 Bitcoin Market Update 🚨 Bitcoin recently hit an All-Time High (ATH) but is now experiencing a downward correction. Multiple technical indicators suggest continued bearish momentum: 📉 Volume Spread Analysis (VSA) reflects increasing selling pressure. 📊 A bearish engulfing pattern confirms the market is trending lower. 📕 The synthetic order book reveals a heavy concentration of sell orders. 📈 The 50 & 100 SMA are acting as strong resistance levels, keeping price action suppressed below them. 🔍 Key Watch Level: If BTC breaks above the 50 SMA, we could see a potential pump. However, as of now, all confirmations point toward a bearish continuation. 💡 DYOR – Do Your Own Research 🛑 Not Financial Advice
Short
by Peter_Wade
1
Bitcoin Hits $108K A 2024 Milestone and What’s Next?Bitcoin had an impressive rally, reaching $100,000, a milestone I never imagined we'd see in 2024. But not only did we hit $100,000, we soared all the way up to $108,392.28! It truly made my day, and I'm sure many others feel the same. We've all been holding for years, and I've been in cryptocurrency since 2009-2010. To witness Bitcoin hit 100k is nothing short of a miracle, and it's reflected in the charts. I want to wish everyone a Happy New Year! It's been a fantastic 2024, and this is my final chart of the year. Right now, we're looking at Bitcoin forming a head and shoulders pattern. It's a bit sloppy, but it could work. The left shoulder, head, and right shoulder are clear, and if the price breaks below the neckline, we could see a drop all the way down to $73,607.06. I hope the TradingView monitors will promote this post and not delete it. What goes up must eventually come down, and it looks like Bitcoin is heading that way. We might return to where we started, possibly all the way down to the rally from November 5th. Let's hope it doesn't go that low and instead halts at the point of interest around $83,000. Wishing you all a wonderful and safe New Year! Thanks to the TradingView monitors for keeping most of my posts up this year only one got deleted. See you all next year! 2025 #BitcoinMilestone #NewYearCrypto
GEMINI:BTCUSD
by CryptocurrencyWatchGroup
2
what is next ? 100K and above ?Hello , as you can see in the weekly frame the price still in a bullish trend , BUT is the price really going to 100k or the price on the maximum top now ? the price failed to cross 74k in weekly frame candle , to be sure that is a correction the price should not be under 50k in weekly frame if it does we are going back to 40k and under to reach 100k and above the price should cross the 74k in the weekly frame candle according the the chart we still under 70k and no high liquidity. the price still in correction for now , the decision is yours :)
BINANCE:BTCUSD
by ahmed_do
Bitcoin Seizes $100,000. What's Your Prediction for Next Move?And there you have it — a comet in the night sky, Bitcoin BTCUSD finally shattered the landmark $100,000 figure . Prices of the original cryptocurrency are up 50% since Election Day on November 5 and traders have one man to thank. Do you think he doesn’t know it? “CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!” Donald Trump erupted on his social-media platform, Truth Social. As crypto circles around the world celebrated the mind-blowing milestone (that’s a market cap of more than $2 trillion in a $3.5 trillion market ), the volatile crypto couldn’t get any rest. Bitcoin prices seesawed back under $100,000 early Friday with traders experiencing the token’s wild swings and notorious stomach-churning volatility. In wild seesaw motions, the OG crypto yesterday peaked at an all-time high of $103,700 a piece before sliding more than 6% to close the session at a 1.6% daily loss at $96,900 a pop. In other words, crypto traders still need that convincing close above six figures. Donald Trump might just have the answer. The President-elect is keeping busy by forming an A-team of crypto advocates to lead the efforts at the White House. Earlier this week, Trump selected former SEC commissioner Paul Atkins to replace current SEC Chair Gary Gensler. This is one of the key drivers to yesterday’s rally in the broad crypto markets . Because Atkins isn’t just a crypto-friendly former regulator. He’s been advising crypto companies since 2017 and he’s the co-chair of Token Alliance, a subsidiary of Digital Chamber, which was spun up to promote digital assets. Atkins has been consulting crypto companies on how to work with the Securities and Exchange Commission, avoid penalties and lawsuits. And now he might be taking the top job at America’s financial watchdog. It doesn’t end there. A new pick today promises even more growth for the crypto industry in the US. Trump has tapped venture investor and podcast host David Sacks to be the “White House AI & Crypto Czar.” In a post on his social media, Trump wrote that “David will focus on making America the clear global leader in both areas.” “He will safeguard Free Speech online, and steer us away from Big Tech bias and censorship.” Sacks was a major Trump supporter earlier this year. He invited Trump to join him and his podcast peers and fellow investors Chamath Palihapitiya, Jason Calacanis, and David Friedberg for a talk on his All-In podcast , which Trump has called the “top podcast in Tech.” With the stars seemingly aligning for the crypto industry heading into 2025, many digital asset proponents are now calling for $100,000 to be the bottom. A new, loftier goal is now in sight by end of year: $125,000. In 2025, the forecasters among us project Bitcoin prices of about $250,000 , or a 150% increase from current levels. 📡 What’s your forecast? Do you think we’ll see prices top $125,000 still this year? And $250,000 next year? Share your thoughts below!
BITSTAMP:BTCUSD
by TradingView
63
Bitcoin $100K on November 24th 2024?Welcome back folks, I hope you enjoyed the crypto and stocks winter and bagged up on those beautiful opportunities I gave end of 2022. What way we've come from since that, sitting here with Bitcoin at almost $100K! Just because it's a historic moment, I wanted to share this scenario for $100K in November - but only if Bitcoin stay above the GETTEX:89K low! Where we see a sideways weekend, trapping traders in the range, break it to the downside and smash it to the upside midweek. Would be a classis Wednesday press release during the US session to advertise 1 BTC = 100K. If not, then we're looking at this for december but wil get a bit more correction / chop first. Anyways, we made from down at $16K here and we can be happy nevertheless :) Enjoy your weekend.
COINBASE:BTCUSD
by cryptobullethbtcxlm
🔍 Bitcoin Halving 2024: Unraveling the Next Big Rally🔥CRYPTO:BTCUSD BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. With only 17 days left until the monumental #Halving2024 event ⏳, the anticipation within the crypto community is palpable. Bitcoin ( CRYPTOCAP:BTC ), the trailblazer of cryptocurrencies, is already trading above its All-Time High (ATH), signaling a market that is ripe with optimism. But the real spectacle? It's just on the horizon. 65K is my ideal support for further corrections. Follow me for more insights ... 🚀🌕 📈 What to Expect? Historically, Bitcoin undergoes a halving event every four years, a process that cuts the mining reward in half. This deflationary mechanism reduces the new supply of Bitcoin, potentially leading to an uptick in price as demand continues to rise against a limited supply. The aftermath of past halvings has witnessed substantial rallies, and the question now is, not if, but how high will CRYPTOCAP:BTC soar post-Halving2024? 🔑 Key Insights: Our analysis delves deep into the historical data, comparing pre and post-halving market behavior. The patterns observed suggest a 'wild mode' activation for Bitcoin, often kickstarting a major bull run. But what makes this halving event different? With CRYPTOCAP:BTC already above its ATH, the stage is set for unprecedented growth. 💹 🧐 The Break Point: The Halving Event is often regarded as a Break Point for Bitcoin, a transformative phase that catapults it into a new valuation territory. Our projections, rooted in sophisticated economic models and historical trend analysis, point towards a bullish explosion that could redefine market expectations. 🌐 📊 Strategy for Investors: The countdown to the halving is a critical period for investors. Being early in accumulating CRYPTOCAP:BTC and altcoins could position you advantageously for the impending rally. Our advice? Don't wait for the market to move post-halving. The opportunity is now. Accumulate, diversify, and prepare for the ride of a lifetime. 📈 💥Be Part of the Revolution: #Bitcoin's halving is not just an event; it's a testament to the resilience and revolutionary nature of cryptocurrencies. Join us as we navigate through these exciting times, armed with data-driven insights and a community of passionate investors. Whether you're a seasoned trader or new to the crypto space, now is the time to be part of something extraordinary. Let's embrace the future, together. 🚀🌕 #Halving2024 | #BTC | #CryptoRally
CRYPTO:BTCUSDLong
by CrazyS
2
UPTOBER: Bitcoin’s Pump and Higher Low FormationSince May, Bitcoin has been trapped in a bearish price structure, characterized by lower highs and lower lows . Every attempt to break out was met with resistance, pushing the price lower. However, after the August lower low , Bitcoin began a reversal , producing two consecutive higher highs and higher lows . This shift is crucial because it indicates a bullish price structure, meaning the market is finally beginning to move upward again. While a small reset in Bitcoin’s price from $66K to $60K was expected and I stand here to say, I was wrong and I apologize to fail giving you the other side of the apple for being bearish during my live stream and other documents and shot calls, the retracement was largely influenced by external factors, specifically the geopolitical tensions in Israel. Even though the pullback occurred earlier than anticipated, the market structure remains bullish, and we could soon see Bitcoin break through the $68K resistance level. As the chart shows, Bitcoin has created a solid foundation for this next leg of the rally.
Long
by osodatsismoso
Shark's 2022 updated timelineTheShark had the luxury of some time this week to chart, chart and chart some more. I have pivoted some in my timelines and want to be very clear in telling you what the charts are telling me. In 2022 Bitcoin will continue its Ascending Triangle pattern and reach 140k by the end of April. Please send me your comments of disbelief I simply don't care. This is going to happen. I don't care what any you tube person or twitter trader says this is happening. I want it documented that Shark said so. This also lines up with my personal theory on the Equity market sell-off beginning in May of 2022. I will be selling my BTC holding towards the end of April and all markets will implode at this point. We will see a 65-80% correction on all of Crypto beginning in May of 2022. We got the break on the falling wedge we were hoping for. Enjoy your Holiday. Patience.. our time is coming. BRONSON-TheSHARK
COINBASE:BTCUSDLong
by Bronson-TheShark
3
Bitcoin Update 05/08/21: Support above $51k Key, Next Stop $57k Bitcoin has been in a steady accumulation range between $46k-$51k for the past 23 days. From this key level we can expect continued bullish momentum towards the upside to the next key level of resistance at $57k. Currently Bitcoin is 25% from its ATH price @ $64k. If we can have a clear break of this resistance and hold above $51k flipping it into support we can expect a bullish run towards the $57k resistance, this move might be met with some heavy resistance above this key level as $58k-$60k is a key psychological barrier for Bitcoin. The next few months are critical for BTC as bullish momentum could see the 127.20 fib target at $74k. Please see previous analysis below :) Happy Trading! $50K incoming again for the weekend 🚀, if we can break resistance and hold above $51k flipping it into support we can expect a bullish run towards $57k resistance. The next few months are critical for BTC as bullish momentum could see the 127.20 fib target at $74k. Please see previous analysis below :) Happy Trading! Bitcoin Update 21/08/21: Road to $74k is clear, but first Bitcoin has to break above $51,068 and flip this into support for the next leg up to the 78.60% Fibonacci level at $57,125. If Bitcoin can flip the 61.80% fibonacci level into support we could see bitcoin approaching the $60K region looking to push for a new ATH . The 61.80% fibonacci level is a key resistance level and a level where we previously saw large amount of whale accumulation in the previous run before the May crash. In another possible scenario we could see Bitcoin retracing and consolidating in the short term but when we look on the lower time frame 4H, the swing call script has just triggered a strong buy signal showing continued bullish momentum for Bitcoin . It is official the Bitcoin Bulls are back!! Please see previous analysis below. Happy Trading :) Bitcoin Update 14/08/21: Update: Currently 4% Gain from this Short-term Swing Opportunity, stops just below $43,812, TP @ $51,068 at the 61.80% Fibs, additional TP at the 78.60% @ $57,125 (19% Gain from current price level). Please see previous analysis below. Happy Trading :) The Bitcoin Bulls are Back! After setting a new ATH @ $64,841 in April, Bitcoin experienced its the first major sell (some may say manipulated) off in this Bull Run Cycle (-50% from the top). We have been closely watching the BTC chart for a strong trend reversal signal. From the ATH @ $64,841, Bitcoin formed a triple bottom in the $28-30k region, the last bottom experienced on the 21st July is confirmed as our bottom here. The Swing Call Script gave further confirmation of the strong trend reversal as a Buy signal was triggered on the 4H Chart on the 22 July and further on the 6th August showing strong signs of bullish momentum back into the market. From here we expect BTC to retest the current ATH @ $64k which is a 40% Gain from the current price @ $45k. Further to this, we can expect some heavy resistance between the 61.80% - 78.60% fibonacci level. A clear break past the 78.60% fibonacci level see BTC setting a new ATH at the 127.20% fibonacci level. Please see previous analysis below. Happy Trading :) BTC finally testing the 200 SMA and is showing strong signs of bullish momentum as we see the BTC Bulls coming back into the market 🚀. After 4 failed attempts of trying to break above the key resistance @ $38,595 BTC has finally broken above this key price level. Since the crash BTC found its Bottom tanking down -51% on the 19th May to $28,787 from $57,777 and had previous retraced from the ATH price @ $64,841 to $46,814 (-27%). BTC has been in a whale accumulation zone for the past 27 days from 19th May to 15th June. Our Swing Call Script triggered a strong buy signal for #BTC LONG when the 13 EMA crossed up above the 50 SMA on the 10th June; BTC has since increased over 10% in just over 5 days. From the current price level we have longs positioned and the current TP 1 is at the 127.20% Fibonacci level @ $74,647 (85% gain from current price level) and TP 2 at the 161.80% Fibonacci level @ $87,122 (116% from current price level). Note the price targets are for long term swings, we may be in this accumulation phase a little longer. Happy Trading :). See previous analysis below. Bitcoin Update 02/04/21 Next Target @ $66,953 13% Gain New ATH in April I've loved charting BTC last Month, analysis has been quite spot on just waiting on our new ATH now @$66,953 13% Gain from current price level. #Bitcoin has found key support around $58k price level. It looks like the Bitcoin Bulls are back in the market. Worst case scenario from here in the short-term could see the price test the 50SMA, and breaking below this level would see another test of the 200SMA before the anticipated move to the upside and our target of $66.953 at the 127.20% Fibonacci level. See previous analysis below. Happy trading :) Update 29/03/21 Bitcoin next Target @ $66,953 21% Gain Nice bounce from the whale accumulation zone at the 78.60% Fibonacci Level. Looks like the BTC Bulls are back in the market. See previous analysis below. BTC Monthly Outlook Update (23/03/2021) Approaching Whale Accumulation Zone at the 78.60% Fibonacci level @ $52,371. Interesting next few days from here as a bounce from the 200 SMA at the whale accumulation zone could finally see us break through the key resistance at the current ATH level from 14/03/21 @ $61,690. April is set to be a very interesting and pivotal month for the cryptocurrency space. See previous analysis and monthly outlook below. Happy Trading :) #whaleaccumulationzone Update 21/03/21: Yesterday the Bulls failed to push the price higher and we had a small retracement down from $59.5k to $55.6 where we found some support of the current price level (-7%). From here the worst case scenario would find us in a key whale accumulation zone @ 78.60% Fibonacci level $52,371. However this scenario is unlikely to play out and as expected from the previous outlook before, we expect the Bulls to come back in the market, pushing as further to higher highs as we have been consolidating around this key price range between $54.5K to the current ATH @ $61.8k. If we fail to break past the previous ATH , the bearish scenario may see a test of the 200 SMA around the 78.60% Fibonacci level, otherwise the Bullish scenario is still in play. Note that from this current trend from 28th January we have only tested the 200 SMA once and a bounce from this level may signal a much stronger bullish move towards our price target $77,335 @ the 161.80% Fibonacci extension and further $107,340 @ the 261.80% Fibonacci level. So far great performance this month from £BTC as March is usually quite a bearish month looking back at the past. April looks ready for us to really fly, testing the 161.80% Fibonacci extension , but note this may not be a straight forward push but all the fundamentals are pointing towards the $70K as our next significant area of interest for the Bulls, currently a 16% gain from the current price level would see BTC reach $66,953 127.20% Fib extension. See previous analysis from 1st March 2021 below. Happy Trading :) $BTC #HODL *Update 20/03/21 #BTC Monthly Outlook Update from 1st March 2021; 13 EMA crossing up 50 SMA showing strong bullish sentiment as we are about to enter the last week of the month, expect the bulls to come back and to push the price higher. Currently the 127.20% Fibonacci Target ($66,953) has not been tested yet, but we expect some big movement in price over the next few days and further going into the last week of the month (Yes, it has been March Madness), 13% Gain from the current price level @ $59,390 to $66,953 127.20% Fib extension. Our next target after this is $77,335 @ the 161.80% Fibonacci extension . From our analysis at the beginning of the month It looks like scenario 2 has been in play, see below previous analysis from 2nd March 2021. In addition to previous price analysis, the Cryptocurrency 'Super Cycle' is in play as we are just at the brink of global adoption. 2017/18 was the hype era, we cannot continue to set targets based on the price movements during the cycle mainly fuelled by hyper and euphoria, it is now 4 years later and real development has been happening behind the scenes, a lot of people cannot quite comprehend the growth and the different cycle that we are now in as Moore's Law of exponential growth can only give us a hint at the growth that is about to be experienced over the next 4 year cycle. An increased influx of capital injection into this now trillion dollar market will only continue, as Defi takes its hold on current Global financial infrastructure, and yes history repeats itself, We call this the 'Roaring 20s' just like before at the end of WW1, the pandemic has only accelerated the current adoption rate of blockchain technology. As some are already aware, the best time to grow a million dollar portfolio was from 2009 to 2019 just after the housing market crash. The second best time in our lifetime is Now! from 2021 to 2029 after the pandemic market crash. We are still very much Bullish for BTC to reach our EOY Target of $356,000, See below key fundamentals which support our bullish sentiment. *(March 02, 2021 Update) BTC is currently consolidating at 61.80 Fibonacci Level. BTC outlook for the month ahead is still very much bullish . Although the sellers have been in control of the market since soaring to a new ATH on 21/02/21, BTC took a sharp retracement as expected at these new level of resistance as well as a new ATHof$58,792 on the Gemini Exchange. As from historic highs we see a lot of profit taking occurring after 3 weeks of setting new constant highs from the previous low of the last push wave which saw BTC setting a high of $42K and then sharply retracing down to $28,787 where we found the previous resistance and also the beginning of the last phase which saw one of the greatest run of Bitcoin in history, reaching the current ATH of $58,792. With the current push phase now over we find ourselves asking how low can we go from here and when do we expect to break past a new ATH . This outlook is based on 2 possible scenarios which could both play out. We have seen the 50% Fibonacci retracement level respected on the last 2 Push phases which both set new ATHs, the first being $42K and latter, the recent high of $58K. As we have seen a strong retracement over the past 7 days back down to the 50% Fibonacci, it may be time for the BTC Bulls to regain control of the market as the current fundamentals point to the 50%-38.2% Fibonacci level of key resistance as well as a point of accumulation for the BTC whales, more importantly the $39,000 mark when looking left at the previous key resistance before the parabolic move to the $58k ATH . With this in mind, from the current levels we could see the price of BTC sink further before the much expected move which could see BTC testing the previous High of $58k and further pushing to the 127.20% Fibonacci extension level setting a new ATH @ $66,953. Scenario 2 would see the current push towards the ATH continue but may face some resistance, and further consolidation expected around $46k-$49k as they are the key Whale Supports towards the upside, so a further retracement could be in play, possibly testing the 50% Fibonacci level, as well as the 50 SMA , with a bounce confirming an explosive move to the upside which could see BTC easily smash past the 127.20% Fib extension level setting new fresh Highs between $67,000-$78,400+ by mid to late March. Use the buy zone indicated to map out your position as a possible 52% gain is achievable from the Buy zone. Stochastics showing an extremely oversold market condition. Happy Trading :) * Key Supporting Fundamentals for BTC: Strong Interest of Institutional Players A survey of institutional investors and wealth managers who already engage with bitcoin reveals that 85 per cent plan to increase their investment in the cryptocurrency over the next two years. The survey, which was commissioned by Nickel Digital Asset Management (Nickel), a regulated investment manager connecting traditional finance with the digital assets market, also reveals that between now and 2023, 72 per cent expect professional investors in general to invest in bitcoin for the first time or increase their exposure. Current Economic Instability The policy of the US Federal Reserve and the economic instability that has arisen as a result of the unprecedented emission of new dollars may further play a role in the growth of Bitcoin price...10% of the $380 billion stimulus money could be going directly into cryptocurrencies and Bitcoin . Digital Gold Crypto currencies certainly look as if they’re here to stay. It makes a lot of sense to have them in an increasingly digitised world. While bitcoin has a strong tendency to polarise opinion, it has now gained acceptance among some of the world’s largest financial institutions and payments companies. MasterCard, for instance, has said it will begin supporting crypto currencies on its network later this year. PayPal already allows eligible users to buy, sell and hold bitcoin in the US and expects to roll out its service in other territories soon. The Case For Global Adoption and New Reserve Currency Cryptocurrencies promise to help solve problems that are particularly acute in emerging markets (EM). Their governments are often centralized but relatively unreliable, which destabilizes currencies, opens the door to profiteering middlemen, and erodes public trust. Blockchain, the technology behind Bitcoin’s decentralized network, promises to cut out the grasping hands of governments and middlemen, and speed up transactions with more transparency and lower fees. It is offering what many EM customers are desperate for. The Development and Extensions of Blockchain Technology Due to the nature of blockchain technology’s ability to benefit all parties involved in different business operations. Since it was introduced in 2009 through the application of Bitcoin , blockchain technology continues to attract not just the financial institutions of the world, but also other fields and industries in insurance , law, entertainment and the Internet of Things ( IOT ) applications. Several scholars and advocates have also strongly suggested the use of the technology in voting systems globally, medical records and vehicle registrations by the state to further increase efficiency, simultaneously eradicating fraud in many areas. This technology does not only aim to improve conventional business operations but can also empower the greater society out of poverty as 1.7 billion adults in the world remain unbanked. The widespread adoption of a cryptocurrency like bitcoin running on the blockchain would mean that anyone with access to the internet can send and receive value from point A to B without the need of a third party. Although many Banks were very hesitant and in fact spread fear in the markets due to cryptocurrencies being linked to nefarious activities on the dark web. A recent study by Goldman Sachs suggested that the adoption of blockchain technology in facilitating seamless cross border transactions without the worry of fraudulent transactions could save up to $6 billion a year; as the new models currently being developed by the bank would mean inefficient payment and accounting networks would be eradicated.
GEMINI:BTCUSDLong
by CryptocurrencyMagnet
2
BTC ROAD TO $300K by 2022.#BTC Golden Cross 🚀 (Road to $300k) Golden Cross is crossover of the 200-day average by the 50-day average. A golden cross suggests a long-term bull market going forward, In 2020 Bitcoin printed golden cross on daily chart as result within 1 year bitcoin reached $64k from $8k that's 800% of growth. If bitcoin manage to print golden crossover again and hold above it then Bitcoin will reach $300k from $40k level by end of 2022. A short term target would be $100k by end of 2021 or march 2022.
BITSTAMP:BTCUSDLong
by CoinSignals
Bitcoin 100k, Bullish Jan 2020 FractalHey, here I want to share with you bullish January 2020 Bitcoin fractal: 1) At first we have a Strong pump . 2) Then we have Fast correction (almost like a bart move wiping out all the gains) 3) Then there's a Thick and strong green candle engulfing all the dump. 4) Then we have Scam wicks into resistance line which eventually got broken with a strong move to the upside . You can enter long on breakout of the upper triangle line. Long isn't valid once lower triangle line is broken to the downside (short can be opened). Hit the LIKE button and subscribe for more!
Long
by hello_hello
1
BTC's Path To 100k... Follow Me Bitcoin! I'll Take You There.Welcome everyone, My name is Schyler with NewWave Traders. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves by mastering a proven Elliott Wave trading system that will allow you to trade on your time and live the life you deserve. Hit the follow & like button if you'd like to make it a reality. In this chart I pose a valid count that could take us to 100k, however, there are certain things that need to happen and invalidations that can't be broke. There is only so much time for this to develop before the symmetry of the waves gets distroyed, the 2 biggest things I'll be expecting from this count is a necessary extended wave, either (and most likely) expected in the 3rd macro wave with an extended 5th wave to give us a strong, well defined 3rd wave. The origination of this move had a slow and very corrective looking climb to it, with an extremely shallow wave 2 that can still give an argument to a bearish outlook, however we'll stick with the trend while until it ends. Due to rule of alteration, and the expectation of an extended 5th wave, we can expect the 4th macro wave to have a steep and fast retracement. The retracement of the "soon to be" 4th wave from this outlook will be the determining invalidation of it at about 12.5k. With an ideal 4th wave retracement taking us to about 14.5k/16k before a projected blast off in an extended 5th wave, which would target roughly 59k/60k. After that a 4th wave brings us down to maybe 40k, and then we do another 100% 5th wave, typical of the 2017 bull run after 25-30% pullbacks which then takes us to 100k ISH. What are your thoughts of Bitcoin reaching 100k? Do you think this is still a corrective move or have we started the ultimate bull run to mimic good ole 2017 days? Let me know in the comments below and don't forget to follow so you can learn how to create a full time income and live life on your terms. To Your Success Schyler NewWave Traders
KRAKEN:BTCUSDLong
by NewWave_Traders
8
Bitcoin Can reach above 18000$ before next halving - LONGWe are just a few months away from next bitcoin halving, which has been a bullish catalyst for Bitcoin in the past. The Crypto community is looking positive about halving, and everyone is expecting a bull run. Let's dig in how bitcoin performed few months last having and using past data points we will try to predict the upcoming price action for bitcoin. The last halving took place in July'16. Bitcoin consolidated in a range 350-460$ for 5 months before it broke out from this range in May'16 - Just two months before halving. Bitcoin recorded 120% Gain from the bottom. What to expect from Bitcoin before the next halving? Consolidation is what Bitcoin needs right, the more it consolidates there will be a greater chance to start a bull run before going into halving. The next halving is scheduled to take place on May 20- which is 7 months away. I am expecting Bitcoin to consolidate in range (7500-8500$) for a few more weeks, the longer the consolidation - great chance of a breakout. Bitcoin recorded over 200% gain after coming out from the last consolidation which happened in the first quarter of the year. Bitcoin can reach 18000$ only IF - Price consolidates in 7500-8500$ range for a few more weeks/months. - Price should not lose 7200$ Level, which is also a 21MA on Monthly timeframe.
BITSTAMP:BTCUSDLong
by HiteshMalviya
BITCOIN in a wedge up. Soon $1000 p/day?BITCOIN in a wedge up. Soon $1000 p .day? Bitcoin is following this wedge so nicely. If we break above the recent top we can see another nice parabolic pump. Maybe up to 17k This price can accumulate with $1000 pday again. All ALTS are bleeding now because of the BTC dominance. ALTS are getting chances soon but first Bitcoin needs to reach a higer price. If we fell out this wedge we can see a retest of te gap around 8500?!. Share your idea please! Please also dont forget to follow me and like this post if u agree. Goodluck my bulltraders. #BTC100k
BITMEX:BTCUSD.PLong
by Mikki0416