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BTCUSDT trade ideas

BTCUSDT Trading Strategy for BTCUSDT: BTCUSDT continues to show notable stability, maintaining a high price above $66,000 this Thursday. In the short term, BTCUSDT is trending sideways, with significant resistance levels identified at $67,500 and $68,700. Clear support levels are marked, and the 34 and 89 EMA lines are displaying a strong upward trajectory in the near future. As long as the crucial support level of $60,000 remains intact, the bullish camp is prepared to maintain its advantage during this phase.
Long
by RKarina
BTC Bitcoin Sell-Off and COIN Coinbase potential HackIf you haven`t bought BTC before the rally: Then you need to know that today Coinbase's trading engine experienced a disruption during ETF trading hours, causing a significant impact on individuals actively trading Bitcoin on the platform and leading to a substantial drop in its price. The aftermath of the incident saw the price recovery after ETFs purchased actual Bitcoin for the next trading day (T+1). However, questions arose regarding the cause of the price decline. While Coinbase's outage played a role, suspicions arose about other exchanges possibly exerting considerable selling pressure. The speculation was whether Coinbase was the main stabilizing force and if there were other irregularities in play. Concerns escalated, leading to speculation about a potential Hack on Coinbase. Users reported missing assets, and both phone and chat support were inaccessible during a critical market moment. The situation highlighted the vulnerability of relying on centralized exchanges, emphasizing the importance of having control over one's private keys to ensure ownership and security of crypto assets. The overall consequence was a market downturn, signaling a potential local top. My Price Target for Bitcoin is $51K.
Short
by TopgOptions
1
Bitcoin Analysis: Path to Resistance Breakdowns Across Multiple Bitcoin Analysis: Path to Resistance Breakdowns Across Multiple Timeframes Abstract: Bitcoin (BTC) continues its price journey, displaying resilience as it approaches key resistance levels on various timeframes. This analysis revisits BTC's recent movements, highlighting its confirmation of support and subsequent challenges at critical resistance points. Insights are provided for potential scenarios upon breaching these resistance levels. Introduction: BTC's recent price dynamics have attracted significant attention among traders and investors. Building upon previous analysis, this report examines BTC's current state, emphasizing the confirmation of support and the potential scenarios upon approaching and surpassing notable resistance levels. Analysis: 4-Hour Timeframe: BTC successfully confirmed support around $59,980 and has shown a bullish trajectory towards the $59,980 resistance level. A break above this resistance could signify further upward momentum, potentially setting the stage for challenging higher resistance barriers. Daily Timeframe: Upon breaching the $59,980 resistance, BTC faces a significant hurdle at $63,398 on the daily timeframe. This level has historically acted as a formidable resistance, often leading to price retracements or consolidations. Traders should closely monitor BTC's price action for signs of strength or weakness around this critical level. Weekly Timeframe: On a broader scale, BTC encounters a substantial resistance zone around $65,632 on the weekly timeframe. This level represents a culmination of long-term trends and market sentiments, making it a pivotal point for BTC's price trajectory. A successful breakout above this resistance could signal a bullish trend continuation, while failure to do so might invite prolonged consolidation or corrective moves. Conclusion: Bitcoin's price analysis reveals an intriguing setup across multiple timeframes, with emphasis on key support and resistance levels. Traders should remain vigilant as BTC approaches critical resistance barriers at $59,980, $63,398, and $65,632. Breakouts above these levels could pave the way for further upside potential, whereas failure to breach them might lead to consolidation or retracement. As always, risk management and strategic decision-making are paramount in navigating the dynamic cryptocurrency markets.
by nawaab001
Bitcoin, 225000 USDT , March and May 2024Long article about Bitcoin (This is not investment advice, just a trend analysis article to evaluate the market) Bitcoin is taking the first steps of wave 3 on frame D of the Elliott wave. In February, the price target is estimated to reach over 61,000 to 64,000 USD. Let's predict Bitcoin's price targets for the next 3 months: 1. Currently in the H4 frame, Bitcoin has grown at the 100% Fibonacci level, reaching $61,000. The price target in this area could reach the 127.2% Fib, estimated at $64,000 or lower. In this area you can consider selling a part. No fomo to jump ship 2. March may have a correction of 50%, estimated to decrease to the area of ​​49,000 - 53,000 USD. This wave zone could be even higher because the fomo wave is too strong in Bitcoin's growth area. The bottom of 49400 is very difficult to break and can be considered an extremely strong pump area for Bitcoin to reach a new peak. 3. Also in March, or at the latest in April, we predict that Bitcoin can reach a new peak with the Fibonacci level growing due to the wave extending 3 times, touching 2 new fibonacci levels at the $100,000 mark and then reaching the all-time high at $220,000. I repeat, $220,000, $225,000 to be exact. You may consider this prediction crazy, but we measure it purely by technical factors, Fibonacci and corresponding growth milestones. We predict that in the first half of this year, in March or April Bitcoin will peak at $225,000 and then turn down, at least below $200,000. Let's follow the next developments of Bitcoin, we hope you will enjoy this analysis and consider it as a guide to participate in the trading market. Again: This is not investment advice, just a trend analysis so you can have a more comprehensive view of the current market. All analysis is subjective, based on analysis and evaluation using technical factors and measurements. Thank you!
Long
by Seedian
Bitcoin (BTC) technical and fundamental analysis📈 Technical analysis BTC/USDT Bitcoin price has reached all targets from our previous review and set a new local high at $57,400. The driving force behind this growth impulse was the record inflow of funds into spot Bitcoin ETFs. Additionally, fundamental factors such as the upcoming halving and the rise of the US stock market in anticipation of the Fed's move to lower the key interest rate also contributed to this. Thus, the BTC price has consolidated above the key level of $50,000 and broken above the resistance trendline. Currently, we anticipate a local correction and trading within the 4-hour Imbalance zone to fill in the gaps at horizontal levels of trading volumes. In this zone, a retest of the dynamic support line EMA 50 4H should occur, which will determine the direction of further price movement. If the price consolidates above it, we expect a test of the $60,000 level. However, considering that the RSI indicator is in extreme overbought territory, there is a high probability of further correction continuation and a retest of the psychological level of $50,000. The next correction targets could be the mirror level of $48,000 and the trendline at the $44,000 level, which are within the range of 0.61 - 0.78 Fibonacci levels, respectively. 📉 Bitcoin market global analysis On a global scale, the price of BTC has reached exactly the 0.78 Fibonacci correction level from the entire decline since 2021. If it manages to consolidate above it, it would indicate that it's not just a correction anymore, but Bitcoin's price has transitioned to a full-fledged pre-halving bull rally. However, historically, Bitcoin has experienced a correction before each halving. RSI indicator readings are again in the strong overbought zone, and the fear and greed index is in the extreme greed zone. Considering that we haven't had any serious correction since October 2023, all conditions are now forming for its onset. If Bitcoin can maintain its growth momentum until the halving, then after it, we can expect a global correction of all growth since 2023. The halving itself could be a signal to sell, based on the cryptocurrency reaching a local peak, similar to what happened following the approval of spot Bitcoin ETFs in the US in January 2024. In this case, we would expect a correction in the range of 0.5-0.68 Fibonacci levels and a retest of the 200-week moving average. Also, in this area lies the Imbalance 1W zone of 34,000-31,000, where it is necessary to fill gaps at horizontal levels of trading volumes. 💠 Analysis of liquidity zones The Fear and Greed Index is in the extreme greed zone at 79. The total market capitalization of the cryptocurrency market has increased to 2,087 billion dollars, and the Bitcoin dominance index has risen to 53.65. According to the analysis of the accumulation of large order blocks in exchange order books, demand and supply zones are located at the following levels: 🟢 Demand Zone: 30000 - 40000 🔴 Supply Zone: 60000 - 68000 Levels for long positions: 50,000 - Retest of the key psychological level 48,000 - Significant support block 44,000-45,000 - Potential retest zone of the trendline Levels for short positions: 60,000 - Test of key psychological resistance level 62,000 - 64,000: Major resistance block 68,000 - 70,000: Test of Bitcoin's historical maximum 📊 Fundamental analysis The current rise in the price of Bitcoin has been supported by the deadline for settlements on BTC futures contracts. Additionally, there are several fundamental reasons: Increase in the inflow of funds into cryptocurrency funds: Trading volume of spot Bitcoin ETFs hit a record $2.4 billion. Nine new spot Bitcoin ETFs set a new record for total daily volume. Bullish rally ahead of the Bitcoin halving, which is 50 days away. Rise in the US stock market, driven by expectations of the Fed's transition to lowering the key interest rate. This also sparks interest from large investors in digital assets. The S&P500 index of the largest US companies has again hit its historical maximum, while the DXY dollar index continues its local correction. 🌐 Upcoming Events in the Global Economy The following dates are expected to bring increased volatility in both the stock and cryptocurrency markets: ➤ 28.02, 16:30 - US GDP data. ➤ 8.03, 16:30 - Data on the unemployment rate in the USA. ➤ 12.03, 16:30 - Consumer inflation index in the USA (CPI). ➤ 20.03, 21:00 - New decision on the Fed interest rate. 📈 Results of signals from our AI trading indicator: Our trading AI Indicator, as always in advance, predicted the current price action and gave the most profitable entry points into long positions with minimal risk. Thanks to the latest updates, maximum take profit levels have already been taken, and the price movement according to the latest signals on the spot was: BTC +10.80% ETH +10.34% LTC +10.15% In addition, I would like to share the forecast of the latest Bitcoin price action by our AI, which not only indicates the direction, but also builds the trajectory of further price movement:
by TradeINEX