🤩🤩🤩 $BTC Price Rebounds: What’s Next for #bitcoin ?

Bitcoin Price Recovery Gains Momentum at $97,876, Eyes $100K Resistance

- Bitcoin has initiated a recovery wave, currently trading at $97,876, with potential for further gains if it clears the $100,000 resistance zone.

Key Highlights:

1. Bitcoin is trading above the $97,000 level and the 100-hourly Simple Moving Average (SMA).

2. A key bearish trend line was broken near $95,000 on the BTC/USD hourly chart (data from Kraken).

3. The price could continue rising if it holds above the $96,000 support zone.

Bitcoin’s Price Action:

- Bitcoin found support near $92,500 before starting its recovery, breaking above the $94,500 and $95,000 resistance levels.

- The breakout above a bearish trend line near $95,000 pushed the price past $97,000, approaching the $100,000 barrier. BTC is now consolidating near $97,876, maintaining strength above the 100-hourly SMA.

Upside Targets:

- Immediate resistance is at $99,000, with a key hurdle at $99,500. A decisive move above this level could send BTC toward $100,000. A close above $100,000 might pave the way for further gains, with targets at $102,500 and potentially $104,000.

Downside Risks:

- Failure to surpass $99,000 could trigger a pullback. Initial support lies at $96,000, with stronger support near $95,000, corresponding to the 50% Fibonacci retracement level. A break below $95,000 could push the price toward $93,200 or even $92,500.

Technical Indicators:

- Hourly MACD: Gaining bullish momentum.

- Hourly RSI: Above 50, indicating positive sentiment.

Support Levels:

- Major Supports: $96,000 and $95,000.

Resistance Levels:

- Major Resistances: $99,000 and $100,000.

With Bitcoin currently at $97,876, a move above the $99,500 resistance could set the stage for testing the $100,000 level and beyond.

#CryptoTrends #BinanceSquareBTC #bitcoinbullrun2024

This has been the best-performied September for #bitcoin☀️

$BTC rose almost 9% in September and October is historically the best month for Bitcoin. Will we finally see the start of a new #bullrun?

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A few more dips then up only 🚀

BTC$BTC is waiting for its biggest bull 😉
#Bitcoin #bitcoinbullrun2024

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Are you guys ready for that?
#bitcoinbullrun2024

This week saw a major development in the Bitcoin world: BlackRock's iShares Spot Bitcoin ETF made a significant move by adding 36,580 Bitcoins to its holdings, representing about almost 3 months worth of mining output. Additionally, the SEC granted approval for options trading on this ETF, allowing investors new ways to hedge or manage exposure to Bitcoin's price movements. This could lead to increased liquidity and institutional involvement in the Bitcoin market, with Monday poised to bring notable market action.
$BTC
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BULLRUN ON THE WAY🚀🚀🚀

Historic #BullRunAhead will there soon

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How to win in this #bitcoinbullrun2024    ?

Always buy once $BTC dips 18-20%

Ah, sounds like you're diving deep into the patterns of Bitcoin! 📈 It's fascinating how history often repeats itself in the world of crypto. So, you're predicting a stable loop within the range of 62,000 to 73,000, luring in others before a bearish dive? That's quite the strategic observation! 🐻 Let's see if the crypto gods follow your script this time around. 🤔💰 #bitcoinbullrun2024

🚀🚀🚀 #CryptoAnalyst Says #bitcoin☀️ Is Headed For $260,000 But This Must Happen First

Analyst Predicts Bitcoin's Surge to $263,000

- A prominent crypto analyst, 'Trader Tardigrade', has forecasted that Bitcoin ($BTC ) could reach an unprecedented $263,000 by the end of 2024, contingent on specific market conditions.

Bitcoin's Technical Patterns and Potential Rally

- Trader Tardigrade highlighted Bitcoin's formation of the "Cup with Handle" chart pattern, a bullish indicator suggesting a possible rally. For this surge to $263,000, Bitcoin must break above the $68,000 level, the handle part of the pattern.

- In another analysis, the analyst noted Bitcoin's price has reached the upper resistance of a descending channel pattern, with the potential for an easier breakthrough due to weaker resistance compared to the lower support. A brief consolidation period is expected before the next breakout, with predictions of the bull run continuing until late 2025.

Key Support Level

- Currently trading at $67,129, Bitcoin has seen a slight 3.11% decrease in the last 24 hours. Analyst Ali Martinez identified $66,000 as a crucial support level, suggesting that maintaining above this price could set the stage for new all-time highs.

Conclusion

Bitcoin's potential rally to $263,000 is being closely monitored by market observers. These predictions highlight the dynamic nature of the cryptocurrency market and its potential for substantial gains.

Source - newsbtc.com

#CryptoTrends2024 #BinanceSquareTrends #bitcoinbullrun2024

🚀🚀🚀 #bitcoinprice Regains $68K: Can Bulls Push to $70K Next?

Bitcoin has extended its gains beyond the $68,000 resistance level, with bullish momentum targeting $70,000.

Bitcoin Price Overview

- Current Position: Bitcoin is trading above $66,500 and the 100-hour Simple Moving Average, indicating strong bullish momentum.

- Support Level: A bullish trend line is forming with support at $66,500 on the hourly BTC/USD chart (data from Kraken).

- Recent Action: The price surged past $66,500, peaking at $68,531. It is now consolidating near the 23.6% Fib retracement level of the move from $65,857 to $68,531.

Key Price Levels

- Resistance: Bitcoin may face resistance around $68,500. A breakthrough above $68,800 could lead to further gains, with next key resistance levels at $69,500 and $70,000. A move above $70,000 might push the price towards $72,000.

- Support: If Bitcoin fails to exceed $68,500, it could see a downward correction. Immediate support is at $67,600, followed by $67,200 and $66,500. Further declines could lead to testing the $65,500 support level.

Technical Indicators

- Hourly MACD: Gaining bullish momentum.

- Hourly RSI: Above the 50 level.

Summary

Bitcoin's price remains strong above $66,500, with the potential for additional gains if resistance levels are breached. However, failure to move above $68,500 could lead to a decline, with key support levels marking critical points for potential reversals.

Source - newsbtc.com

#CryptoTrends2024 #BinanceSquareBTC #bitcoinbullrun2024 $BTC

🚨 BREAKING: Bitcoin's Bull Run Ahead of US Elections! 📈

Standard Chartered predicts #Bitcoin could hit $100,000 before the US elections! 💰💸

Geoffrey Kendrick, head of Standard Chartered Bank's forex and digital assets research, sees $BTC soaring to new heights as the political landscape heats up. 🚀🌙

With the US presidential race in full swing, will Bitcoin ride the wave of uncertainty to new all-time highs? 🗳️📊

The #crypto world is buzzing with anticipation! 🔥🔐

#bitcoinbullrun2024 #USCrypto

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Bitcoin Bull Run Ahead? 🚀 Key Levels to Watch

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#BTC☀ #bitcoin☀️

Despite Bitcoin's recent decline, crypto influencer Michael Saylor remains bullish on holding the asset. Analysts speculate that a potential interest rate cut by the Federal Reserve, driven by U.S. employment data, could lead to a surge in risk assets like Bitcoin. On the technical side, Bitcoin has retested the bottom of its bearish channel, creating a potential setup for a rally.

A double bottom pattern and triple divergence hint at growth, with key targets set at $57,877.90, $66,755.85, and $74,537.70. The rally could begin from the current channel bottom or near the $49,000 - $50,096.10 support zone. A breakout above $57,877.90 would confirm the continuation of the uptrend, while a stop-loss at $49,000 signals a shift back to bearish territory. Key downside targets in that scenario are $41,218.20
and $34,494.20.

𝗔𝗿𝗲 𝘄𝗲 𝘀𝘁𝗶𝗹𝗹 𝗶𝗻 𝗮 𝗯𝘂𝗹𝗹 𝗿𝘂𝗻?

👉 In the last 30 days, #Bitcoin permanent holders and ETFs have accumulated a staggering 404,448 BTC.

👉 Meanwhile, only 13,500 BTC were mined in the same period.

This means the accumulation by these key players is **30 times** more than the new BTC supply coming into the market. But why does this matter?

𝗧𝗵𝗲 𝗪𝗵𝗮𝗹𝗲𝘀' 𝗣𝗹𝗮𝘆𝗯𝗼𝗼𝗸
In an uptrend, large holders (aka whales) accumulate assets, driving demand and pushing prices higher. When the market turns down, these same players start distributing or selling their holdings.

𝗧𝗵𝗲 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆
Such significant accumulation by permanent holders and ETFs could be a sign that we are still in a bullish phase. These big players are positioning themselves for potential gains, which often signals confidence in the market's upward momentum.

So, are we still in a bull run? The actions of these whales certainly suggest so! 🐋🚀

#CryptoMarkets #BTC☀ #bitcoinbullrun2024