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Potential Bitcoin Price Movement Based on Previous Cycles
Greetings crypto community! I wanted to share an interesting observation about potential bitcoin price movement based on fractals from past market cycles.
👉 In 2019, BTC was 42% below its previous all-time high (ATH). Currently, in 2024, it is 41% below the 2021 ATH.
👉 In 2019, BTC dumped 73% from the 0.786 Fibonacci retracement level. It is currently trading at the 0.786 level.
👉 In 2020, BTC was 73% down 322 days before the 3rd halving. Currently, it is 100% up 322 days before the upcoming 4th halving.
👉 There are similar price "boxes" between 2019 and 2024 - $13k-$14k back then versus $50k-$52k now, and $4k-$5k versus $21k-$23k.
If these fractals play out similarly, we could potentially see BTC in the $22k-$25k range soon.
As always, please do your research before investing.
🚨$SKL / USDT : 1D
• The price is currently in an uptrend, forming higher highs (HHs) and higher lows (HLs). After a strong bullish move, the price retraced and found support at the 50 EMA.
• Additionally, the price has also broken out of the trendline, which has triggered an entry for a long position. It would be wise to aim for the previous swing high as a potential target.
Buy : $0.0829
TP : $0.1042
SL : $0.0702
Michael Seiler’s MicroStrategy
#Bitcoin investments currently have $3.5 billion in unrealized profits
BTC open interest in USD terms crossed $11bn for the first time since December 2021 — link
Читать полностью…📍Big Bitcoin Update (Continuous)
🔹Bitcoin surged above $45,500 resistance, marking a significant price increase.
🔹Overcoming hurdles at $46,000 and $47,200, BTC entered a positive zone.
🔹Bulls strengthened, pushing the price beyond $48,000 resistance to $48,800.
🔹A new multi-week high formed at approximately $48,775 during this upward movement.
🔹Bulls aim for $49,250, with potential for further gains if this level is breached.
🔹A clear move above $49,250 resistance may propel the price towards $49,800.
Stay Tuned For more Info!!✅
Bitcoin could reach $112K this year driven by ETF inflows, worst-case $55K: CryptoQuant CEO
Читать полностью…The top 5 new spot Bitcoin ETFs now own a combined 195,862 $BTC worth over $9.3 BILLION
This is already more than the 190,000 $BTC Microstrategy holds.
🚨$VET / USDT : 1D
• The price is currently in an uptrend above the 200ema. The recent breakout and retest of the trendline suggest that the price is expected to continue its trend and test its previous swing high.
• With a target of a 25% return from the current level, it is recommended to place a stop loss below the current swing low to manage risk.
Buy : $0.0300
TP : $0.0380
SL : $0.0247
📢The new spot Bitcoin ETFs hold more $BTC than saylor‘s $MSTR
🟠The 9 new ETFs purchased 216,309 Bitcoin (worth $10.3 Billion) in just 20 days
🔗Source: Click here
📍$BTC UPDATE
Bitcoin is BULLISH, no doubts there. At the moment the price is consolidating above the previous highs — $47,150 zone.
I hope this is NOT a double top, for now it doesn't looks like it. From now the target is quite obvious — $49,000 - $50,000 zone (peak of previous highs and psychologically important level).
I have told you many times already that this bull cycle will develop much faster than you expect. Don't miss it out.
MicroStrategy's #Bitcoin Holdings Surge 50%, Valued at $9 Billion!
Читать полностью…🚨$DIA / USDT : 1D
• The price is currently trading in an uptrend, forming higher highs (HHs) and higher lows (HLs). It's also finding support over the trendline and the 50-day exponential moving average (EMA).
• Given these factors, it is likely that the price will continue its upward trend and potentially test its previous swing high.
• To manage risk, consider placing a stop loss below the previous swing low and aim for a 40% return from the current level.
Buy : $0.439
TP : $0.612
SL : $0.326
🚨$IRIS / USD : 1H
•Based on the uptrend with higher highs (HHs) and higher lows (HLs), along with the price finding support over the trendline and 200EMA, it is evident that the price has recently retraced to the trendline and subsequently bounced back from it.
• Given these indications, it is highly likely that the price will continue its upward trend and test the previous swing high. To consider a long position, it would be prudent to wait for the price to break above the $0.029 level.
Buy : $0.029
TP : $0.032
SL : $0.028
🚨$ADA / USD : 1H
• The price is trading in an uptrend above the 200EMA. After the breakout of the resistance zone, the price has been consistently trading above it.
• This indicates a strong likelihood for the trend to continue and for the price to rise higher. It would be advisable to aim for a +10% return from the current level, with a stop loss placed below the support zone.
Buy : $0.554
TP : $0.613
SL : $0.518
🚨🚨Looks like President Biden unintentionally made himself a #Bitcoin ambassador with his new post!😆
🇺🇸 The US Govt also holds 𝟏𝟗𝟎,𝟎𝟎𝟎 #Bitcoin .
Do you think it's #crypto-related❓
Yes 👍 No👎
🚨$TRB / USD : 1H
• The price is currently in an uptrend, forming higher highs and higher lows. After a bullish move, the price is consolidating sideways over a support zone.
• It is likely that the price will continue its uptrend and form a new high. To manage risk, it would be prudent to place a stop loss below the support zone.
Buy : $119.85
TP : $127.17
SL : $115.74
79.26% of Bitcoin hasn't changed hands in the last 6 Month's.
These are the people who all are strongly bullish on #bitcoin.
Glad to see such numbers!
#Bitcoin set to make the highest weekly close since December, 2021 🙌
Читать полностью…🚨$FTM / USDT : 1D
• The price is currently in an uptrend, making new highs and finding support over the 200ema. The recent bounce from the 200ema, accompanied by a breakout of the trendline.
• The price is likely to continue its upward trajectory. It is anticipated that the price will test its previous swing high. With a target of a 40% return from the current level.
Buy : $0.398
TP : $0.563
SL : $0.322
🚨$ALGO / USDT : 1D
• The price is trading in an uptrend, forming higher highs (HHs) and higher lows (HLs), while finding support over the 200 EMA.
• Additionally, there has been a recent breakout of the trendline. It is likely that the price will continue its upward trend and test its previous swing high.
Buy : $0.1727
TP : $0.2369
SL : $0.1442
🚨$LTO / USDT : 1D
• The price is in an uptrend, forming higher highs (HHs) and higher lows (HLs), while finding support over the 200 EMA.
• Currently, the price is in a consolidation phase, undergoing a correction. It is anticipated that price will bounce back from the zone and it will continue its upward trend and test its previous swing high.
Buy : $0.0818
TP : $0.0974
SL : $0.0729
🚨 Leverage Traders Beware: $400M Bitcoin Longs at Risk Below $46,697
Traders going long on #Bitcoin with 50-100x leverage, think twice!
If BTC drops under $46,690, that's $400M positions getting liquidated. 😂
Sure, high leverage can mean big gains, but it often ends in rekt wallets.
Consider lower leverage to ride out the volatility! ✌️
Note: Never open high-leverage positions guys if you want to survive in the upcoming bull Market.
🚨$SUSHI / USDT : 1D
• The price is currently in an uptrend and trading above the 200-day exponential moving average (EMA). It's encouraging to see that the price is consolidating sideways over a support zone.
• This suggests that the price is likely to continue its bullish trend and potentially test its previous swing high. To set a target, you can aim for approximately 25% returns from the current level.
Buy : $1.135
TP : $1.439
SL : $0.930
🚨$WING / USDT : 1D
• The price is currently trading in an uptrend, forming higher highs (HHs) and higher lows (HLs). It is encouraging to see that the price is bouncing back from the previous support zone, while the slope of the 200-day exponential moving average (EMA) is upward.
• This suggests that the price is likely to continue its upward trend and potentially test its previous swing high. Stoploss will be placed below support zone .
Buy : $8.37
TP : $10.96
SL : $7.03
BlackRock and Fidelity #Bitcoin ETFs are the most successful ETF launches in 30 years with more than $3b in assets each.😱
Читать полностью…