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Bitcoin (BTC) is “Entering the First Bull Phase,” Top Analyst Says
Riding on the current outlook of broader market, Bitcoin (BTC) is displaying signs it is entering its next bull phase, top analyst says
Top market analyst Michael van de Poppe is optimistic about the state of the crypto market with Bitcoin (BTC) showing strength as it displays a sequence that reflects a repeat of its historic rally.
The gain accrued by the premier coin has been mind-blowing Year-to-Date (YTD). With Bitcoin trading at just about $15,000 by this time last year, its current price of $37,001.74, a 124% surge YTD spells one key factor, that it is finally entering the first phase of the next bull cycle.
Highlighting Current Bitcoin (BTC) Positioning
Drawing on a chart shared by the top analyst, Bitcoin (BTC) price moves in a repeated sequence marked by 1 year in which the coin experiences intense bearish pressure, then another year of intense accumulation, followed by a year defined by a bull phase and the last cycle culminating in a mania that can eventually send prices going parabolic.
Per the chart shared above, Bitcoin is currently entering the 1 year of the bull phase as marked by the purple box. Many analysts agree that the time is right for Bitcoin as we have seen a consistent accumulation over the past year with the likes of MicroStrategy doubling down on its Bitcoin strategy.
The analyst is optimistic that with the likelihood of Bitcoin spot ETF approval by the SEC as well as the upcoming halving event, the market might truly be plunged into the mania phase that will see Bitcoin retest its All-Time High (ATH) in the coming months.
Besides Michael van de Poppe, several industry experts have also predicted a massive price target for Bitcoin ahead of Bitcoin ETF and the once-in-4-year halving event.
Riding on the current outlook of broader market, Bitcoin (BTC) is displaying signs it is entering its next bull phase, top analyst says
Top market analyst Michael van de Poppe is optimistic about the state of the crypto market with Bitcoin (BTC) showing strength as it displays a sequence that reflects a repeat of its historic rally.
The gain accrued by the premier coin has been mind-blowing Year-to-Date (YTD). With Bitcoin trading at just about $15,000 by this time last year, its current price of $37,001.74, a 124% surge YTD spells one key factor, that it is finally entering the first phase of the next bull cycle.
Highlighting Current Bitcoin (BTC) Positioning
Drawing on a chart shared by the top analyst, Bitcoin (BTC) price moves in a repeated sequence marked by 1 year in which the coin experiences intense bearish pressure, then another year of intense accumulation, followed by a year defined by a bull phase and the last cycle culminating in a mania that can eventually send prices going parabolic.
Per the chart shared above, Bitcoin is currently entering the 1 year of the bull phase as marked by the purple box. Many analysts agree that the time is right for Bitcoin as we have seen a consistent accumulation over the past year with the likes of MicroStrategy doubling down on its Bitcoin strategy.
The analyst is optimistic that with the likelihood of Bitcoin spot ETF approval by the SEC as well as the upcoming halving event, the market might truly be plunged into the mania phase that will see Bitcoin retest its All-Time High (ATH) in the coming months.
Besides Michael van de Poppe, several industry experts have also predicted a massive price target for Bitcoin ahead of Bitcoin ETF and the once-in-4-year halving event.
#BNB/USDT
Signal Type: (LONG)
Leverage: Cross 75X
Entry Range: 245.41
Take profit Targets:
1)249.09
2)251.55
3)254.0
4)257.68
5)260.13
6)263.82
Stoploss:
5-10%
Signal Type: (LONG)
Leverage: Cross 75X
Entry Range: 245.41
Take profit Targets:
1)249.09
2)251.55
3)254.0
4)257.68
5)260.13
6)263.82
Stoploss:
5-10%
Binance will list OEX (Open Exchange Token) in the Innovation Zone and open trading for OEX/USDT and OEX/BUSD trading pairs at 2023-11-08 07:00 (UTC).
OEX is the native token of the OEX cryptocurrency exchange. OEX holders will enjoy a variety of benefits, including:
Reduced trading fees
Access to exclusive features and services
Voting rights on governance proposals
OEX is a relatively new token, and its price has been volatile. However, it has the potential to be a successful project, and Binance listing is a positive development for the token.
Here are some additional details about the Binance OEX listing:
OEX will be available for trading on Binance's spot and margin trading platforms.
OEX will also be available for staking on Binance Earn.
Binance will hold a OEX trading competition with a total prize pool of $100,000 in OEX tokens.
#OEX #crypto #Rich
OEX is the native token of the OEX cryptocurrency exchange. OEX holders will enjoy a variety of benefits, including:
Reduced trading fees
Access to exclusive features and services
Voting rights on governance proposals
OEX is a relatively new token, and its price has been volatile. However, it has the potential to be a successful project, and Binance listing is a positive development for the token.
Here are some additional details about the Binance OEX listing:
OEX will be available for trading on Binance's spot and margin trading platforms.
OEX will also be available for staking on Binance Earn.
Binance will hold a OEX trading competition with a total prize pool of $100,000 in OEX tokens.
#OEX #crypto #Rich
#SUSHI/USDT
Entry Targets :
1) 1.25
2) 1.35
Leverage : 20X [ Cross ]
Take-Profit Targets:
1) 1.20
2) 1.15
3) 1.08
4) 1.00
5) 0.85
6) 0.65
Stoploss : 1.40
Entry Targets :
1) 1.25
2) 1.35
Leverage : 20X [ Cross ]
Take-Profit Targets:
1) 1.20
2) 1.15
3) 1.08
4) 1.00
5) 0.85
6) 0.65
Stoploss : 1.40
#UNI/USDT
Signal Type: (SHORT)
Leverage: Cross 50X
Entry Range: 4.607
Take profit Targets:
1)4.54
2)4.49
3)4.45
4)4.38
5)4.33
6)4.26
Stoploss:
5-10%
Signal Type: (SHORT)
Leverage: Cross 50X
Entry Range: 4.607
Take profit Targets:
1)4.54
2)4.49
3)4.45
4)4.38
5)4.33
6)4.26
Stoploss:
5-10%
#SXP/USDT
Signal Type: Regular (Long)
Exchange : Binance Futures
Leverage: Cross(8X)
Entry Targets :
𝟭) 0.3186
𝟮) 0.3070
Take Profit Targets
𝟭) 0.3230
𝟮) 0.3288
𝟯) 0.3348
𝟰) 0.3400
𝟱) 0.3470
Stop Loss:
𝟭) 0.2930
Signal Type: Regular (Long)
Exchange : Binance Futures
Leverage: Cross(8X)
Entry Targets :
𝟭) 0.3186
𝟮) 0.3070
Take Profit Targets
𝟭) 0.3230
𝟮) 0.3288
𝟯) 0.3348
𝟰) 0.3400
𝟱) 0.3470
Stop Loss:
𝟭) 0.2930
#ETH/USDT
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (SHORT)
Leverage: Cross (15.0X)
Amount: 5.0%
Entry Targets:
1) 1834
2) 1850
Take-Profit Targets:
1) 1790
2) 1740
3) 1700
Stop Targets:
1) 1885
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (SHORT)
Leverage: Cross (15.0X)
Amount: 5.0%
Entry Targets:
1) 1834
2) 1850
Take-Profit Targets:
1) 1790
2) 1740
3) 1700
Stop Targets:
1) 1885
#APE/USDT LONG (BUY)
Leverage : Cross20X
Entry : 1.338 - 1.30
Take Profit:
1) 1.38
2) 1.42
3) 1.46
Stoploss : 1.274
Leverage : Cross20X
Entry : 1.338 - 1.30
Take Profit:
1) 1.38
2) 1.42
3) 1.46
Stoploss : 1.274
📊BTC's correlation with equities dropped below zero for the first time since July, indicating a sharp divergence with traditional markets
🌹 #BTC/USDT
🔴 SHORT
✅ Entry: 34500-34900
❌ Stoploss: 35300
🎯 Targets : 34200, 33900, 33600, 33200, 32800
🔰 Leverage : Cross 125x
1% to 2% margin only
🔴 SHORT
✅ Entry: 34500-34900
❌ Stoploss: 35300
🎯 Targets : 34200, 33900, 33600, 33200, 32800
🔰 Leverage : Cross 125x
1% to 2% margin only
🌹 #MTL/USDT
🔴 SHORT
✅ Entry: 1.55
❌ Stoploss: 1.63
🎯 Targets : 1.53, 1.50, 1.47, 1.43, 1.40
🔰 Leverage : Cross 25x
1% to 2% margin only
🔴 SHORT
✅ Entry: 1.55
❌ Stoploss: 1.63
🎯 Targets : 1.53, 1.50, 1.47, 1.43, 1.40
🔰 Leverage : Cross 25x
1% to 2% margin only
BREAKING: The ticker for Invesco and Galaxy's spot Bitcoin ETF, $BTCO, has been added to the DTCC website.
📊 The rate of 1 BTC every October 31 from 2011 to 2023:
2012: ~$11,20
2013: ~$195
2013: ~$204
2014: ~$337
2015: ~$312
2016: ~$699
2017: ~$6 369
2018: ~$6 332
2019: ~$9 172
2020: ~$13 537
2021: ~$61 837
2022: ~$20 624
2023: ~$34 494
What are your forecasts for the Bitcoin exchange rate on October 31, 2024? 👇
2012: ~$11,20
2013: ~$195
2013: ~$204
2014: ~$337
2015: ~$312
2016: ~$699
2017: ~$6 369
2018: ~$6 332
2019: ~$9 172
2020: ~$13 537
2021: ~$61 837
2022: ~$20 624
2023: ~$34 494
What are your forecasts for the Bitcoin exchange rate on October 31, 2024? 👇
FLM/USDT LONG (BUY)
Leverage : Cross20X
Entry : 0.0825 - 0.0810
Take Profit:
1) 0.0845
2) 0.0865
3) 0.0885
Stoploss : 0.0800
Leverage : Cross20X
Entry : 0.0825 - 0.0810
Take Profit:
1) 0.0845
2) 0.0865
3) 0.0885
Stoploss : 0.0800
Binance, Bittrex, ByBit Spot, Huobi.pro, KuCoin, OKX
#SOL/USDT Take-Profit target 3 ✅
Profit: 50.8602% 📈
Period: 2 Months 4 Days 15 Hours 37 Minutes ⏰
#SOL/USDT Take-Profit target 3 ✅
Profit: 50.8602% 📈
Period: 2 Months 4 Days 15 Hours 37 Minutes ⏰
💻 Will cryptocurrency be integrated into GTA 6?
Rumors have appeared on Twitter that the game Grand Theft Auto 6 (GTA 6) can be implemented cryptocurrency as a payment method and reward.
What do you think? Is it possible to integrate crypto into GTA?
Rumors have appeared on Twitter that the game Grand Theft Auto 6 (GTA 6) can be implemented cryptocurrency as a payment method and reward.
What do you think? Is it possible to integrate crypto into GTA?
#BTC Main 30.10.2023 📊
BTC: $ 34,400
ETH: $ 1,800
BITCOIN DOMINANCE 53.86%
TOTAL MARKET CAP $ 1.24T
Crypto Fear & Greed Index: 68
📊First of all, BTC keeps above the broken weekly level, so the priority remains bullish. The main condition for the continuation of the upward movement remains a breakthrough with a gain above $ 35,000.
From below, there is daily support in the area of $ 33.070, from which an upward setup can be built. A correction to $32,000 will be tolerable, but a decline below may break the upward structure.
Have a good trading day🤝
BTC: $ 34,400
ETH: $ 1,800
BITCOIN DOMINANCE 53.86%
TOTAL MARKET CAP $ 1.24T
Crypto Fear & Greed Index: 68
📊First of all, BTC keeps above the broken weekly level, so the priority remains bullish. The main condition for the continuation of the upward movement remains a breakthrough with a gain above $ 35,000.
From below, there is daily support in the area of $ 33.070, from which an upward setup can be built. A correction to $32,000 will be tolerable, but a decline below may break the upward structure.
Have a good trading day🤝
🪙Roundhill has applied to launch a bitcoin-ETF that will write options
Bloomberg analyst Eric Balchunas reported that investment firm Roundhill has applied to launch a new bitcoin ETF called the Bitcoin Covered Call ETF.
The fund will hold a futures ETF and then write call and put options to generate income.
Bloomberg analyst Eric Balchunas reported that investment firm Roundhill has applied to launch a new bitcoin ETF called the Bitcoin Covered Call ETF.
The fund will hold a futures ETF and then write call and put options to generate income.
🪙 #BTC/USDT
BTC is currently following the symmetrical triangle pattern on the hourly timeframe. It is trading within the Ichimoku cloud, indicating indecisiveness.
The 100-day MA acts as a resistance point. A final breakout of the triangle will confirm a bullish trend, while a sustained break will signal a bearish move.
BTC is currently following the symmetrical triangle pattern on the hourly timeframe. It is trading within the Ichimoku cloud, indicating indecisiveness.
The 100-day MA acts as a resistance point. A final breakout of the triangle will confirm a bullish trend, while a sustained break will signal a bearish move.
