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🚨 READ THIS: Why $BTC Might Hit $174K–$462K!
Bitcoin just closed its highest-ever three-day candle at $72,724, igniting talk of a major bull cycle. A historically reliable BTC indicator hints at an unprecedented peak between $174,000 and $462,000 within the next 24 months. Past price tops have often aligned with the 1.618 to 2.272 Fibonacci retracement levels, and under this setup, potential cycle highs are projected at $173K (1.618 Fib) and $458K (2.272 Fib).
Historical Trends & Fibonacci Precision Bitcoin's past cycle tops (2013, 2018, and 2021) consistently aligned near these Fib levels, albeit with diminishing returns. The 2021 peak at $69,800 even fell just under the 1.618 Fib, indicating a trend of decreasing cycle gains.
Key Price Levels Ahead BTC breaking out of its seven-month consolidation signals potential new all-time highs. But the critical mark for bulls to watch is $86,200, according to Bitcoin researcher Axel Adler Jr. This level previously triggered profit-taking and temporary peaks. Surpassing it with strong momentum could set off an exponential rally akin to 2021’s price discovery phase.
The Bull’s Fate: $86,200 Decision Point Adler notes that crossing $86,200 might confirm the start of a meteoric climb. Without surpassing it, BTC could stall within a high-risk zone where short-term holders historically cash out.
Will BTC follow historical Fib trends, or is a new pattern emerging? All eyes on $86K for signs of the next leg up.
Stay tuned with @Professor Mende - Bonuz Ecosystem Founder as Bitcoin flirts with groundbreaking highs and tests the strength of this bullish cycle!
#Bitcoin #BTC #BitcoinPrice #PricePrediction #CryptoMarketNews
Bitcoin just closed its highest-ever three-day candle at $72,724, igniting talk of a major bull cycle. A historically reliable BTC indicator hints at an unprecedented peak between $174,000 and $462,000 within the next 24 months. Past price tops have often aligned with the 1.618 to 2.272 Fibonacci retracement levels, and under this setup, potential cycle highs are projected at $173K (1.618 Fib) and $458K (2.272 Fib).
Historical Trends & Fibonacci Precision Bitcoin's past cycle tops (2013, 2018, and 2021) consistently aligned near these Fib levels, albeit with diminishing returns. The 2021 peak at $69,800 even fell just under the 1.618 Fib, indicating a trend of decreasing cycle gains.
Key Price Levels Ahead BTC breaking out of its seven-month consolidation signals potential new all-time highs. But the critical mark for bulls to watch is $86,200, according to Bitcoin researcher Axel Adler Jr. This level previously triggered profit-taking and temporary peaks. Surpassing it with strong momentum could set off an exponential rally akin to 2021’s price discovery phase.
The Bull’s Fate: $86,200 Decision Point Adler notes that crossing $86,200 might confirm the start of a meteoric climb. Without surpassing it, BTC could stall within a high-risk zone where short-term holders historically cash out.
Will BTC follow historical Fib trends, or is a new pattern emerging? All eyes on $86K for signs of the next leg up.
Stay tuned with @Professor Mende - Bonuz Ecosystem Founder as Bitcoin flirts with groundbreaking highs and tests the strength of this bullish cycle!
#Bitcoin #BTC #BitcoinPrice #PricePrediction #CryptoMarketNews
🔥 Bitcoin BREAKS RESISTANCE & Wipes Out Bears!
The massive sell walls between $65K and $71K that held Bitcoin back for weeks? Gone! Bitcoin has smashed through $68K to $70K, obliterating those resistance levels and liquidating short traders in the process.
Short Traders in Panic Mode The bears were trapped—massive liquidations swept through as BTC surged, sending traders who bet against the market running for cover with empty pockets. The longstanding wall of sell orders at these key price points has now been cleared, leaving the path open for Bitcoin to continue its climb.
Why It Matters With these barriers gone, bulls now control the momentum. The market liquidations are fueling even more buying pressure, and this breakout is shaking off the last resistance holding BTC back. $85K+ could be the next target if Bitcoin maintains this pace.
Bull Run Just Getting Started? Bears have retreated, and Bitcoin’s dominance is surging again. The market looks primed for a continued rally, with bullish sentiment growing by the minute.
The big question: Can Bitcoin keep this momentum going?
Stay tuned—the next leg up might be explosive! Stay updated with @Professor Mende - Bonuz Ecosystem Founder
#CryptoMarketNews #BitcoinPrice #Bullorbear #Bullrun #Bullish $BTC
The massive sell walls between $65K and $71K that held Bitcoin back for weeks? Gone! Bitcoin has smashed through $68K to $70K, obliterating those resistance levels and liquidating short traders in the process.
Short Traders in Panic Mode The bears were trapped—massive liquidations swept through as BTC surged, sending traders who bet against the market running for cover with empty pockets. The longstanding wall of sell orders at these key price points has now been cleared, leaving the path open for Bitcoin to continue its climb.
Why It Matters With these barriers gone, bulls now control the momentum. The market liquidations are fueling even more buying pressure, and this breakout is shaking off the last resistance holding BTC back. $85K+ could be the next target if Bitcoin maintains this pace.
Bull Run Just Getting Started? Bears have retreated, and Bitcoin’s dominance is surging again. The market looks primed for a continued rally, with bullish sentiment growing by the minute.
The big question: Can Bitcoin keep this momentum going?
Stay tuned—the next leg up might be explosive! Stay updated with @Professor Mende - Bonuz Ecosystem Founder
#CryptoMarketNews #BitcoinPrice #Bullorbear #Bullrun #Bullish $BTC
🚀 Bitcoin Hits $72,000: New BREAKOUT?
Bitcoin's price has skyrocketed by 5.7%, breaking past $72,000 for the first time since June 2024. So, what's driving this latest surge in BTC's value?
In just the last two days, Bitcoin ETFs saw net inflows of $479.4 million, with BlackRock leading the charge, adding over $300 million in BTC. This institutional push has reignited bullish momentum, pushing Bitcoin firmly above the $70K threshold. According to CryptoQuant, average daily inflows into Bitcoin ETFs have hit $257 million over the last 30 days, signaling ongoing robust demand.
Bitcoin ETFs in the U.S. have now reached a record-breaking $66 billion in holdings, surpassing their previous August highs. The strong institutional interest, confirmed by Capriole Fund’s Charles Edwards, is helping propel Bitcoin to new heights. CEO of CryptoQuant, Ki-Young Ju, highlighted that whale wallets (holding 1,000+ BTC) have absorbed more BTC than ETFs, showcasing big-money confidence in Bitcoin's long-term prospects.
Adding to the rally, Bitcoin’s open interest (OI) surged by $2 billion in just 48 hours, setting a new all-time high of $22.77 billion. The explosion of leverage in the derivatives market is driving volatility, with $150 million in liquidations pushing BTC above $71,800. Analysts like Andre Dragosch from Bitwise noted this is the largest short squeeze since April 2024, adding fuel to Bitcoin's bullish momentum.
While everyone is celebrating, legendary trader Peter Brandt warns that Bitcoin needs to close above $76,000 for a true breakout. BTC is facing significant resistance around $71,500, but if it successfully closes above this level, we could be looking at even higher targets in the near future.
Will $BTC hit $76k or maybe even more? Drop your opinion in the comments!
Follow @Professor Mende - Bonuz Ecosystem Founder for more!
#Bitcoin #BTC #BitcoinPrice #PriceAnalysis #BitcoinNews $PEPE $SHIB
Bitcoin's price has skyrocketed by 5.7%, breaking past $72,000 for the first time since June 2024. So, what's driving this latest surge in BTC's value?
In just the last two days, Bitcoin ETFs saw net inflows of $479.4 million, with BlackRock leading the charge, adding over $300 million in BTC. This institutional push has reignited bullish momentum, pushing Bitcoin firmly above the $70K threshold. According to CryptoQuant, average daily inflows into Bitcoin ETFs have hit $257 million over the last 30 days, signaling ongoing robust demand.
Bitcoin ETFs in the U.S. have now reached a record-breaking $66 billion in holdings, surpassing their previous August highs. The strong institutional interest, confirmed by Capriole Fund’s Charles Edwards, is helping propel Bitcoin to new heights. CEO of CryptoQuant, Ki-Young Ju, highlighted that whale wallets (holding 1,000+ BTC) have absorbed more BTC than ETFs, showcasing big-money confidence in Bitcoin's long-term prospects.
Adding to the rally, Bitcoin’s open interest (OI) surged by $2 billion in just 48 hours, setting a new all-time high of $22.77 billion. The explosion of leverage in the derivatives market is driving volatility, with $150 million in liquidations pushing BTC above $71,800. Analysts like Andre Dragosch from Bitwise noted this is the largest short squeeze since April 2024, adding fuel to Bitcoin's bullish momentum.
While everyone is celebrating, legendary trader Peter Brandt warns that Bitcoin needs to close above $76,000 for a true breakout. BTC is facing significant resistance around $71,500, but if it successfully closes above this level, we could be looking at even higher targets in the near future.
Will $BTC hit $76k or maybe even more? Drop your opinion in the comments!
Follow @Professor Mende - Bonuz Ecosystem Founder for more!
#Bitcoin #BTC #BitcoinPrice #PriceAnalysis #BitcoinNews $PEPE $SHIB
🚀 IS BITCOIN HEADED TO $100,000? 🚀
Tether (USDT) FUD has an uncanny knack for marking Bitcoin's bottoms, and the numbers don’t lie. Every time USDT controversy hits the market, Bitcoin follows up with massive gains:
- January 2019: After USDT FUD, BTC rallied an insane +268%
- December 2020: Bitcoin skyrocketed +255% after more USDT panic
- June 2023: USDT rumors? BTC surged +200%
- Now, we’re in October 2024 and facing another wave of Tether fear, uncertainty, and doubt...
Could we be looking at another explosive Bitcoin pump?
History says YES 💥, but what’s your call? Will BTC smash through to $100K next? Let the countdown begin! ⏳
Follow @Professor Mende - Bonuz Ecosystem Founder to stay updated on the matter!
#FUD #USDT #BitcoinPrice #Bitcoin #BTC $BTC
Tether (USDT) FUD has an uncanny knack for marking Bitcoin's bottoms, and the numbers don’t lie. Every time USDT controversy hits the market, Bitcoin follows up with massive gains:
- January 2019: After USDT FUD, BTC rallied an insane +268%
- December 2020: Bitcoin skyrocketed +255% after more USDT panic
- June 2023: USDT rumors? BTC surged +200%
- Now, we’re in October 2024 and facing another wave of Tether fear, uncertainty, and doubt...
Could we be looking at another explosive Bitcoin pump?
History says YES 💥, but what’s your call? Will BTC smash through to $100K next? Let the countdown begin! ⏳
Follow @Professor Mende - Bonuz Ecosystem Founder to stay updated on the matter!
#FUD #USDT #BitcoinPrice #Bitcoin #BTC $BTC
4 Reasons Why BITCOIN is Trading Below $70k
Bitcoin has been rallying, yet it faces some major resistance on the path to $70,000. Here are four factors that could either pave the way forward—or hold BTC back:
1. Global Uncertainty & Investor Caution:
While Bitcoin’s position among top global assets like Tesla and Walmart should attract investors, traditional assets still offer stability and yield a steady 4.7% in fixed income. Many investors remain cautious, especially amid economic uncertainties, preferring to hold off on significant BTC positions.
2. US Election’s Influence on Crypto Regulation:
The 2024 US presidential election could shape Bitcoin’s future. Kamala Harris has signaled a pro-regulation stance that prioritizes consumer protection, potentially curbing BTC's appeal. In contrast, former President Trump favors integrating digital assets into traditional finance. If he wins, it could boost BTC’s credibility, driving adoption.
3. Mining Profitability Pressures:
Bitcoin miners face tough times with the mining hashrate index dropping near-record lows, creating profitability challenges. This has triggered worries that miners, who hold about 1.8 million BTC (worth roughly $122.4 billion), may sell to maintain operations. Miner sell pressure remains a significant factor to watch, as large sell-offs could weigh on BTC price.
4. Spot ETF Demand vs. Exchange Reserves:
The potential for a BTC supply crunch due to rising spot ETF interest sounds promising, but exchange deposits still hold significant reserves, estimated between 1.9 and 3 million BTC. Even with high ETF accumulation, these reserves present a risk of sell-offs when BTC nears target prices.
For Bitcoin to confidently break through $70K, a mix of lower interest rates, better mining conditions, and sustained ETF demand is essential to encourage traders to enter with force.
Follow @Professor Mende - Bonuz Ecosystem Founder to stay updated!
#Bitcoin #BTC #CryptoMarketNews #BitcoinPrice #PriceAnalysis $BTC
Bitcoin has been rallying, yet it faces some major resistance on the path to $70,000. Here are four factors that could either pave the way forward—or hold BTC back:
1. Global Uncertainty & Investor Caution:
While Bitcoin’s position among top global assets like Tesla and Walmart should attract investors, traditional assets still offer stability and yield a steady 4.7% in fixed income. Many investors remain cautious, especially amid economic uncertainties, preferring to hold off on significant BTC positions.
2. US Election’s Influence on Crypto Regulation:
The 2024 US presidential election could shape Bitcoin’s future. Kamala Harris has signaled a pro-regulation stance that prioritizes consumer protection, potentially curbing BTC's appeal. In contrast, former President Trump favors integrating digital assets into traditional finance. If he wins, it could boost BTC’s credibility, driving adoption.
3. Mining Profitability Pressures:
Bitcoin miners face tough times with the mining hashrate index dropping near-record lows, creating profitability challenges. This has triggered worries that miners, who hold about 1.8 million BTC (worth roughly $122.4 billion), may sell to maintain operations. Miner sell pressure remains a significant factor to watch, as large sell-offs could weigh on BTC price.
4. Spot ETF Demand vs. Exchange Reserves:
The potential for a BTC supply crunch due to rising spot ETF interest sounds promising, but exchange deposits still hold significant reserves, estimated between 1.9 and 3 million BTC. Even with high ETF accumulation, these reserves present a risk of sell-offs when BTC nears target prices.
For Bitcoin to confidently break through $70K, a mix of lower interest rates, better mining conditions, and sustained ETF demand is essential to encourage traders to enter with force.
Follow @Professor Mende - Bonuz Ecosystem Founder to stay updated!
#Bitcoin #BTC #CryptoMarketNews #BitcoinPrice #PriceAnalysis $BTC
Bitcoin ETF Approval in the U.S.
A Major Milestone for Cryptocurrency
The approval of the first Bitcoin Exchange-Traded Fund (ETF) in the United States was a groundbreaking event that captured the attention of investors worldwide. For years, the crypto community had eagerly anticipated a Bitcoin ETF, seeing it as a bridge between traditional finance and the world of digital assets. In October 2021, ProShares launched the first U.S.-approved Bitcoin ETF, marking a new chapter in Bitcoin’s journey toward mainstream acceptance.
What is a Bitcoin ETF?
An ETF, or Exchange-Traded Fund, is an investment product that tracks the price of an underlying asset or group of assets. In the case of a Bitcoin ETF, the fund is designed to track the price of Bitcoin, allowing investors to gain exposure to Bitcoin’s performance without needing to buy, store, or secure the cryptocurrency directly. This investment vehicle is especially appealing to those who want exposure to Bitcoin but are hesitant about the complexities of managing it directly.
Why the Bitcoin ETF Matters?
The approval of a Bitcoin ETF is significant for several reasons:
1. Broader Access for Investors: An ETF provides an easier way for traditional investors, such as those in retirement accounts or institutional portfolios, to include Bitcoin as part of their investment strategy. With a Bitcoin ETF, they can add exposure to the asset within the familiar structure of a stock market.
2. Enhanced Legitimacy: The approval of a Bitcoin ETF by U.S. regulators signals increased acceptance of Bitcoin as a legitimate asset. It reflects a growing recognition of the asset’s role in modern finance and might encourage further regulatory clarity around cryptocurrency.
3. Increased Institutional Investment: The launch of a Bitcoin ETF offers a safer and regulated channel for institutions to invest in Bitcoin, potentially driving significant inflows of capital. Increased institutional interest often brings greater stability and price resilience to an asset.
4. Boost to Market Sentiment: The news of Bitcoin ETF approval was seen as a strong indicator of crypto’s maturation, which buoyed market sentiment and reinforced Bitcoin’s status as a pioneering asset. Many view this development as a gateway to more ETFs in the future, potentially covering other cryptocurrencies and blockchain-based assets.
The ProShares Bitcoin ETF: How It Works?
The ProShares Bitcoin ETF, known as the Bitcoin Strategy ETF (ticker: BITO), does not directly hold Bitcoin. Instead, it tracks Bitcoin futures contracts traded on the Chicago Mercantile Exchange (CME). This structure aligns with regulatory preferences, as it avoids direct exposure to Bitcoin itself, reducing some risks associated with holding actual cryptocurrency assets. However, it also means the ETF may not exactly match Bitcoin’s spot price performance.
The Path Ahead for Bitcoin and ETFs
The approval of the Bitcoin ETF in the U.S. is likely just the beginning. Many in the crypto community are optimistic that a Bitcoin spot ETF, which directly holds Bitcoin rather than futures contracts, could be approved in the future. Additionally, other digital assets, like Ethereum, may also see ETF products developed, opening new opportunities for investors.
For now, the launch of the ProShares Bitcoin ETF has set a precedent and brought Bitcoin further into the mainstream financial world. As institutional interest grows and more investors seek ways to participate in the crypto market, Bitcoin ETFs represent a significant step toward integrating cryptocurrencies with traditional finance.
What’s Next?
With Bitcoin ETFs now trading in the U.S., other nations may follow suit, expanding options for investors globally. Furthermore, as regulatory frameworks evolve, the potential for ETFs based on other digital assets could further deepen crypto's reach into traditional markets.
The Bitcoin ETF approval has set a foundation for future developments in the space, providing more options for both retail and institutional investors. The question now is not whether Bitcoin will stay relevant but how quickly digital assets will continue to reshape global finance.
What are your thoughts on the impact of Bitcoin ETFs? Do you think they’ll bring in more institutional investors, or will they have limited influence on the crypto market? Let’s discuss below!
#BitcoinETF #CryptoNews #Bitcoin #Blockchain #CryptoInvesting #Finance #BTC #BitcoinPrice #ETFApproval #Investing #DigitalAssets #CryptoMarket #USRegulation #ProShares #InstitutionalInvestment $BTC
$USDC
$ETH
The approval of the first Bitcoin Exchange-Traded Fund (ETF) in the United States was a groundbreaking event that captured the attention of investors worldwide. For years, the crypto community had eagerly anticipated a Bitcoin ETF, seeing it as a bridge between traditional finance and the world of digital assets. In October 2021, ProShares launched the first U.S.-approved Bitcoin ETF, marking a new chapter in Bitcoin’s journey toward mainstream acceptance.
What is a Bitcoin ETF?
An ETF, or Exchange-Traded Fund, is an investment product that tracks the price of an underlying asset or group of assets. In the case of a Bitcoin ETF, the fund is designed to track the price of Bitcoin, allowing investors to gain exposure to Bitcoin’s performance without needing to buy, store, or secure the cryptocurrency directly. This investment vehicle is especially appealing to those who want exposure to Bitcoin but are hesitant about the complexities of managing it directly.
Why the Bitcoin ETF Matters?
The approval of a Bitcoin ETF is significant for several reasons:
1. Broader Access for Investors: An ETF provides an easier way for traditional investors, such as those in retirement accounts or institutional portfolios, to include Bitcoin as part of their investment strategy. With a Bitcoin ETF, they can add exposure to the asset within the familiar structure of a stock market.
2. Enhanced Legitimacy: The approval of a Bitcoin ETF by U.S. regulators signals increased acceptance of Bitcoin as a legitimate asset. It reflects a growing recognition of the asset’s role in modern finance and might encourage further regulatory clarity around cryptocurrency.
3. Increased Institutional Investment: The launch of a Bitcoin ETF offers a safer and regulated channel for institutions to invest in Bitcoin, potentially driving significant inflows of capital. Increased institutional interest often brings greater stability and price resilience to an asset.
4. Boost to Market Sentiment: The news of Bitcoin ETF approval was seen as a strong indicator of crypto’s maturation, which buoyed market sentiment and reinforced Bitcoin’s status as a pioneering asset. Many view this development as a gateway to more ETFs in the future, potentially covering other cryptocurrencies and blockchain-based assets.
The ProShares Bitcoin ETF: How It Works?
The ProShares Bitcoin ETF, known as the Bitcoin Strategy ETF (ticker: BITO), does not directly hold Bitcoin. Instead, it tracks Bitcoin futures contracts traded on the Chicago Mercantile Exchange (CME). This structure aligns with regulatory preferences, as it avoids direct exposure to Bitcoin itself, reducing some risks associated with holding actual cryptocurrency assets. However, it also means the ETF may not exactly match Bitcoin’s spot price performance.
The Path Ahead for Bitcoin and ETFs
The approval of the Bitcoin ETF in the U.S. is likely just the beginning. Many in the crypto community are optimistic that a Bitcoin spot ETF, which directly holds Bitcoin rather than futures contracts, could be approved in the future. Additionally, other digital assets, like Ethereum, may also see ETF products developed, opening new opportunities for investors.
For now, the launch of the ProShares Bitcoin ETF has set a precedent and brought Bitcoin further into the mainstream financial world. As institutional interest grows and more investors seek ways to participate in the crypto market, Bitcoin ETFs represent a significant step toward integrating cryptocurrencies with traditional finance.
What’s Next?
With Bitcoin ETFs now trading in the U.S., other nations may follow suit, expanding options for investors globally. Furthermore, as regulatory frameworks evolve, the potential for ETFs based on other digital assets could further deepen crypto's reach into traditional markets.
The Bitcoin ETF approval has set a foundation for future developments in the space, providing more options for both retail and institutional investors. The question now is not whether Bitcoin will stay relevant but how quickly digital assets will continue to reshape global finance.
What are your thoughts on the impact of Bitcoin ETFs? Do you think they’ll bring in more institutional investors, or will they have limited influence on the crypto market? Let’s discuss below!
#BitcoinETF #CryptoNews #Bitcoin #Blockchain #CryptoInvesting #Finance #BTC #BitcoinPrice #ETFApproval #Investing #DigitalAssets #CryptoMarket #USRegulation #ProShares #InstitutionalInvestment $BTC
$USDC
$ETH
🚨 Is Bitcoin About to CRASH Again? Indicators Suggest Caution
Bitcoin's struggle to break the $70,000 barrier may signal an upcoming price correction. After reaching a 12-week high of $69,487 on Oct. 21, Bitcoin has already seen a 3.7% dip in just three days, and multiple on-chain and technical indicators are hinting at the possibility of a deeper pullback.
Profit-Taking Fears
With 92.4% of Bitcoin holders now in profit, the risk of profit-taking has increased. Historically, when a majority of holders are in the green, markets tend to overheat, leading to sell-offs. If BTC’s price stays above $55,000, over 90% of investors will still be in profit. This could potentially lead to further downward pressure as investors lock in gains.
Open Interest Hits Record Highs
Bitcoin’s open interest (OI), which tracks the number of active futures contracts, recently set an all-time high, exceeding $40 billion on Oct. 21. High OI often indicates increased leverage in the market, raising the risk of volatility. A similar spike in OI preceded Bitcoin’s 20% drop in August, suggesting that BTC may be poised for another sharp correction.
Retrace from Overbought Conditions
Bitcoin’s Relative Strength Index (RSI) reached overbought levels of 70 on Oct. 20, triggering a pullback to $66,000. This pattern echoes past market tops in 2021 and 2019, where similar RSI readings led to significant price corrections.
Fear & Greed: Signaling Caution
The Crypto Fear & Greed Index sits at 72, reflecting "greed" in the market. This high level of sentiment often precedes market downturns. The last time the index reached these levels in March, Bitcoin fell from its all-time high to $56,500.
The Bottom Line
While Bitcoin's rally has excited bulls, caution is warranted. The combination of high OI, overbought conditions, and profit-taking signals could lead to a price retracement similar to previous market cycles.
Stay updated with @Professor Mende - Bonuz Ecosystem Founder !
#BitcoinPrice #CryptoMarketNews #Bitcoin #BTC #PriceAnalysis $BTC
Bitcoin's struggle to break the $70,000 barrier may signal an upcoming price correction. After reaching a 12-week high of $69,487 on Oct. 21, Bitcoin has already seen a 3.7% dip in just three days, and multiple on-chain and technical indicators are hinting at the possibility of a deeper pullback.
Profit-Taking Fears
With 92.4% of Bitcoin holders now in profit, the risk of profit-taking has increased. Historically, when a majority of holders are in the green, markets tend to overheat, leading to sell-offs. If BTC’s price stays above $55,000, over 90% of investors will still be in profit. This could potentially lead to further downward pressure as investors lock in gains.
Open Interest Hits Record Highs
Bitcoin’s open interest (OI), which tracks the number of active futures contracts, recently set an all-time high, exceeding $40 billion on Oct. 21. High OI often indicates increased leverage in the market, raising the risk of volatility. A similar spike in OI preceded Bitcoin’s 20% drop in August, suggesting that BTC may be poised for another sharp correction.
Retrace from Overbought Conditions
Bitcoin’s Relative Strength Index (RSI) reached overbought levels of 70 on Oct. 20, triggering a pullback to $66,000. This pattern echoes past market tops in 2021 and 2019, where similar RSI readings led to significant price corrections.
Fear & Greed: Signaling Caution
The Crypto Fear & Greed Index sits at 72, reflecting "greed" in the market. This high level of sentiment often precedes market downturns. The last time the index reached these levels in March, Bitcoin fell from its all-time high to $56,500.
The Bottom Line
While Bitcoin's rally has excited bulls, caution is warranted. The combination of high OI, overbought conditions, and profit-taking signals could lead to a price retracement similar to previous market cycles.
Stay updated with @Professor Mende - Bonuz Ecosystem Founder !
#BitcoinPrice #CryptoMarketNews #Bitcoin #BTC #PriceAnalysis $BTC
🚀 Bitcoin to $92K with Trump's Win? 🚀
Bitwise's Jeff Park suggests a Trump victory could skyrocket #Bitcoin to $92,000, citing speculative market math akin to merger arbitrage. The crypto community buzzes with predictions, envisioning a crypto boom if Trump clinches the presidency. 🗳️💰
#CryptoMarkets #TrumpEffect #BitcoinPrice #Write2Earn
Bitwise's Jeff Park suggests a Trump victory could skyrocket #Bitcoin to $92,000, citing speculative market math akin to merger arbitrage. The crypto community buzzes with predictions, envisioning a crypto boom if Trump clinches the presidency. 🗳️💰
#CryptoMarkets #TrumpEffect #BitcoinPrice #Write2Earn
🕵️♂️🔍Clues to Satoshi Nakamoto's Identity 🧐
🤔
Adding to the excitement, new emails have surfaced, providing "staggering" clues to the true identity of Bitcoin's elusive creator, Satoshi Nakamoto. This revelation has sparked speculation and curiosity within the crypto community.
#CryptoMarket
#Cryptocurrency #IndustryUpdate #BitcoinPrice #Write2Earn
🤔
Adding to the excitement, new emails have surfaced, providing "staggering" clues to the true identity of Bitcoin's elusive creator, Satoshi Nakamoto. This revelation has sparked speculation and curiosity within the crypto community.
#CryptoMarket
#Cryptocurrency #IndustryUpdate #BitcoinPrice #Write2Earn
📈 BTC rebounds to $44,000; on Binance USDT market, it's trading at $44,017.67. #BitcoinPrice 📊🚀
💬 Michaël van de Poppe, a cryptocurrency analyst with approximately 670,000 followers on X (formerly Twitter), anticipates a potential short-term high for Bitcoin. He speculates it could reach $48,000 to $50,000 if the upward momentum persists, but it may drop to $35,000 to $38,000 if a decline occurs. 📈📉 #CryptoAnalysis #BitcoinPrice
This is crazy. But I have to calm down. I feel the fomo kicking so damn hard at #Bitcoin ,but Market Situation did not change. Even if Order Books are empty. Spot vs. Derivats is only 7% of traded Volume. There is almost 10x more Long positions to be liquidated then shorts.
#BitcoinPrice has to cool down, otherwise derrivate market will shrink over time.
Dont chase the price, run a DCA Strategy and buy additional every 10%+ correction.
#Woosah #StillEarly
#BitcoinPrice has to cool down, otherwise derrivate market will shrink over time.
Dont chase the price, run a DCA Strategy and buy additional every 10%+ correction.
#Woosah #StillEarly
🚨 #BreakingNews: BTC retreats below $34,000. According to Binance USDT market, BTC is currently trading at $33,992.31. 📉💱 #BitcoinPrice #CryptoMarket 📊📣
#write2earn #BitcoinPrice Breaks Records: Charting the Path to New Highs #BitcoinPrediction
After fluctuating around its previous all-time high, #bitcoin has surged past $69,000, skyrocketing to over $71,000. With Bitcoin now in uncharted territory, the question on everyone's mind is: where will the price go next?
All eyes are once again fixated on Bitcoin, the reigning champion of cryptocurrencies, as it embarks on this unprecedented journey, leaving us to ponder just how high this rocket can soar.
Crucial Weekly Close for Bitcoin ($BTC )
Bitcoin has marked a significant milestone with a daily and weekly close above the previous all-time high of $69,000, with a slight dip to $67,000 confirming the upward momentum. It appears that the path is now clear for Bitcoin to continue its ascent.
Bold Bitcoin Price Predictions
When it comes to forecasting Bitcoin's trajectory in this phase of price discovery, the fibonacci extension tool emerges as a reliable ally. By anchoring from the top of the previous all-time high at $69,000 to the bottom of the bear market at $15,500, the fibonacci extensions reveal intriguing possibilities.
The fibonacci extension levels paint an exciting picture. The first level, at 1.618, suggests a target just shy of $102,000, a seemingly conservative estimate considering Bitcoin's past performance in bull markets.
The subsequent levels offer even more optimistic projections, with the 2.618 level at $155,000, the 3.618 level at $208,000, and for the thrill-seekers, the 4.618 extension level hints at a staggering $241,000.
While these figures are derived from mathematical calculations and not certainties, the historical alignment of Bitcoin's price movements with fibonacci levels lends credibility to their consideration alongside other indicators.
Anticipating Further Price Surge
Zooming in on short-term price movements, it's evident that $69,000 now acts as a support level, with the price demonstrating robust upward momentum. However, a retest of this level for confirmation remains a possibility.
After fluctuating around its previous all-time high, #bitcoin has surged past $69,000, skyrocketing to over $71,000. With Bitcoin now in uncharted territory, the question on everyone's mind is: where will the price go next?
All eyes are once again fixated on Bitcoin, the reigning champion of cryptocurrencies, as it embarks on this unprecedented journey, leaving us to ponder just how high this rocket can soar.
Crucial Weekly Close for Bitcoin ($BTC )
Bitcoin has marked a significant milestone with a daily and weekly close above the previous all-time high of $69,000, with a slight dip to $67,000 confirming the upward momentum. It appears that the path is now clear for Bitcoin to continue its ascent.
Bold Bitcoin Price Predictions
When it comes to forecasting Bitcoin's trajectory in this phase of price discovery, the fibonacci extension tool emerges as a reliable ally. By anchoring from the top of the previous all-time high at $69,000 to the bottom of the bear market at $15,500, the fibonacci extensions reveal intriguing possibilities.
The fibonacci extension levels paint an exciting picture. The first level, at 1.618, suggests a target just shy of $102,000, a seemingly conservative estimate considering Bitcoin's past performance in bull markets.
The subsequent levels offer even more optimistic projections, with the 2.618 level at $155,000, the 3.618 level at $208,000, and for the thrill-seekers, the 4.618 extension level hints at a staggering $241,000.
While these figures are derived from mathematical calculations and not certainties, the historical alignment of Bitcoin's price movements with fibonacci levels lends credibility to their consideration alongside other indicators.
Anticipating Further Price Surge
Zooming in on short-term price movements, it's evident that $69,000 now acts as a support level, with the price demonstrating robust upward momentum. However, a retest of this level for confirmation remains a possibility.
Unlocking the Mystery: Peter Brandt Hints at Bitcoin's Next Move! 📈🔍
Renowned trader Peter Brandt has cast a revealing spotlight on Bitcoin's price trajectory, unveiling a captivating pattern that could spell a major move for the cryptocurrency. 🌟💰
Decoding the Pattern: From Humps to Pumps!
Brandt's astute analysis dissects Bitcoin's market journey into three distinct phases: Hump-Slump, Bump-Rump, and Pump-Dump. Each phase unveils a chapter in Bitcoin's cyclical tale of price movements, with the current cycle poised for its climactic 'pump-dump' finale. 🎢🚀
**A Time of Intrigue: Unveiling Bitcoin's Next Act!**
As Bitcoin navigates choppy waters of volatility, Brandt's revelation adds an extra layer of anticipation to its unfolding narrative. Coupled with the looming Bitcoin halving event, which historically impacts Bitcoin's price, the stage is set for a potential game-changing move. 🎭💡
The Price of Speculation: Halving Priced In or Unleashing Hidden Potential?
While analysts debate the extent of the halving's impact on Bitcoin's price, traders and investors remain on high alert for signs of the next market shift. With Bitcoin showing signs of recovery, the plot thickens as the saga of Bitcoin's price evolution unfolds. 📉📈
As the curtain rises on the next chapter of Bitcoin's journey, the eyes of the crypto world remain fixed on the unfolding drama, eager to witness the next twist in this captivating tale. 🌐🔮 #BitcoinPrice #MarketMystery 🚀💼#MarketSentimentToday $BTC
Renowned trader Peter Brandt has cast a revealing spotlight on Bitcoin's price trajectory, unveiling a captivating pattern that could spell a major move for the cryptocurrency. 🌟💰
Decoding the Pattern: From Humps to Pumps!
Brandt's astute analysis dissects Bitcoin's market journey into three distinct phases: Hump-Slump, Bump-Rump, and Pump-Dump. Each phase unveils a chapter in Bitcoin's cyclical tale of price movements, with the current cycle poised for its climactic 'pump-dump' finale. 🎢🚀
**A Time of Intrigue: Unveiling Bitcoin's Next Act!**
As Bitcoin navigates choppy waters of volatility, Brandt's revelation adds an extra layer of anticipation to its unfolding narrative. Coupled with the looming Bitcoin halving event, which historically impacts Bitcoin's price, the stage is set for a potential game-changing move. 🎭💡
The Price of Speculation: Halving Priced In or Unleashing Hidden Potential?
While analysts debate the extent of the halving's impact on Bitcoin's price, traders and investors remain on high alert for signs of the next market shift. With Bitcoin showing signs of recovery, the plot thickens as the saga of Bitcoin's price evolution unfolds. 📉📈
As the curtain rises on the next chapter of Bitcoin's journey, the eyes of the crypto world remain fixed on the unfolding drama, eager to witness the next twist in this captivating tale. 🌐🔮 #BitcoinPrice #MarketMystery 🚀💼#MarketSentimentToday $BTC
#Write2earn #Bitcoin 's Price Analysis: Navigating Key Support Levels and Market Sentiment #BitcoinMarketAnalysis #BitcoinPrice
After a prolonged period of sideways movement, Bitcoin entered a downtrend, testing a key support area around $60K. However, there are hopes for a resurgence in buying activity, potentially leading to a rebound.
Technical Analysis:
Daily Chart:
A thorough examination of the daily chart reveals an extended sideways phase within the critical price range of $60K to $72K. Recent price action has seen a decline toward the lower end of this range. Bitcoin now sits at a crucial support zone between the 0.5 ($62,181) and 0.618 ($59,444) Fibonacci retracement levels, aligned with the important 100-day moving average at $59K. This support area holds significance and could spark a bullish reversal in the short term. However, a sudden breach below this level could trigger a long squeeze event, leading to a significant downward movement.
4-Hour Chart:
Analyzing the 4-hour chart reveals increased selling pressure after Bitcoin failed to reclaim the upper boundary of a descending wedge. This resulted in a noticeable downtrend toward the lower trendline of the wedge, around $60K. Upon reaching this critical level, selling pressure met demand, leading to a minor consolidation phase. However, sellers are still determined to breach the lower boundary of the wedge. If buyers regain control and find support around this level, a bullish rebound toward the previous major swing high of $68K could occur. Nonetheless, $60K remains a key reference point for Bitcoin, with price action around it likely shaping the cryptocurrency’s near-term direction.
On-chain Analysis:
Bitcoin is still in a prolonged consolidation phase, nearing the $60K mark. In this context, examining sentiment analysis within the futures market provides insights into its potential trajectory. Recent corrective retracements have led to a significant decline in funding rates, approaching levels near zero.
After a prolonged period of sideways movement, Bitcoin entered a downtrend, testing a key support area around $60K. However, there are hopes for a resurgence in buying activity, potentially leading to a rebound.
Technical Analysis:
Daily Chart:
A thorough examination of the daily chart reveals an extended sideways phase within the critical price range of $60K to $72K. Recent price action has seen a decline toward the lower end of this range. Bitcoin now sits at a crucial support zone between the 0.5 ($62,181) and 0.618 ($59,444) Fibonacci retracement levels, aligned with the important 100-day moving average at $59K. This support area holds significance and could spark a bullish reversal in the short term. However, a sudden breach below this level could trigger a long squeeze event, leading to a significant downward movement.
4-Hour Chart:
Analyzing the 4-hour chart reveals increased selling pressure after Bitcoin failed to reclaim the upper boundary of a descending wedge. This resulted in a noticeable downtrend toward the lower trendline of the wedge, around $60K. Upon reaching this critical level, selling pressure met demand, leading to a minor consolidation phase. However, sellers are still determined to breach the lower boundary of the wedge. If buyers regain control and find support around this level, a bullish rebound toward the previous major swing high of $68K could occur. Nonetheless, $60K remains a key reference point for Bitcoin, with price action around it likely shaping the cryptocurrency’s near-term direction.
On-chain Analysis:
Bitcoin is still in a prolonged consolidation phase, nearing the $60K mark. In this context, examining sentiment analysis within the futures market provides insights into its potential trajectory. Recent corrective retracements have led to a significant decline in funding rates, approaching levels near zero.
#Write2earn
Bitcoin's Bull Flag Breakout: Real Rally or Another Fakeout?
#Bitcoin #BitcoinAnalysis #BitcoinPrice #bitcoin☀️ $BTC
Bitcoin has broken out of its bull flag pattern as of Wednesday, but the price of $BTC hasn't skyrocketed just yet. Is this a brief consolidation before a significant upward move, or could it be another fakeout?
Not Cut and Dried Yet
The start of this week has been promising for Bitcoin, with the price rising over 5%. This surge pushed BTC through the top of its long-standing bull flag on its fourth attempt, where it has stayed above as of Thursday.
However, it's not a done deal. For a more reliable upward trend, we need to see a daily close above the bull flag's top, ideally followed by two or three more daily closes. Furthermore, Bitcoin needs to convert the resistance at $71,300 into support before it can challenge the all-time high at $73,700.
A Tug of War for the Rest of the Week?
It seems likely that Bitcoin could succeed this time. Although the stochastic RSI indicator on shorter time frames shows momentum moving downward, significant buying pressure from Spot Bitcoin ETFs is counteracting this. If this tug of war continues through the week, it may allow the 4-hour and 8-hour RSIs to reset.
Retest of Support?
In the short term, Bitcoin's price might dip back into the bull flag, potentially bringing it down to the $69,000 support level, which aligns with the upward trend line.
Even if BTC retests this support, strong buying from Spot Bitcoin ETFs is expected to continue. Once the price is confirmed above the bull flag and resistance, we could see the next bull market surge.
Bitcoin's Bull Flag Breakout: Real Rally or Another Fakeout?
#Bitcoin #BitcoinAnalysis #BitcoinPrice #bitcoin☀️ $BTC
Bitcoin has broken out of its bull flag pattern as of Wednesday, but the price of $BTC hasn't skyrocketed just yet. Is this a brief consolidation before a significant upward move, or could it be another fakeout?
Not Cut and Dried Yet
The start of this week has been promising for Bitcoin, with the price rising over 5%. This surge pushed BTC through the top of its long-standing bull flag on its fourth attempt, where it has stayed above as of Thursday.
However, it's not a done deal. For a more reliable upward trend, we need to see a daily close above the bull flag's top, ideally followed by two or three more daily closes. Furthermore, Bitcoin needs to convert the resistance at $71,300 into support before it can challenge the all-time high at $73,700.
A Tug of War for the Rest of the Week?
It seems likely that Bitcoin could succeed this time. Although the stochastic RSI indicator on shorter time frames shows momentum moving downward, significant buying pressure from Spot Bitcoin ETFs is counteracting this. If this tug of war continues through the week, it may allow the 4-hour and 8-hour RSIs to reset.
Retest of Support?
In the short term, Bitcoin's price might dip back into the bull flag, potentially bringing it down to the $69,000 support level, which aligns with the upward trend line.
Even if BTC retests this support, strong buying from Spot Bitcoin ETFs is expected to continue. Once the price is confirmed above the bull flag and resistance, we could see the next bull market surge.
BTC has made a recovery, now trading at approximately $35,008.16. 📈🚀 #BTC #BitcoinPrice
Ethereum and Altcoins Follow Suit:
Not to be left behind, Ethereum and a myriad of altcoins are also experiencing significant gains. The combined market capitalization of Ethereum, XRP, and other cryptocurrencies has exceeded $2 trillion, showcasing the widespread adoption and confidence in these digital assets.
#Finance #Investing #BitcoinPrice #EconomicUncertainty #Write2Earn
Not to be left behind, Ethereum and a myriad of altcoins are also experiencing significant gains. The combined market capitalization of Ethereum, XRP, and other cryptocurrencies has exceeded $2 trillion, showcasing the widespread adoption and confidence in these digital assets.
#Finance #Investing #BitcoinPrice #EconomicUncertainty #Write2Earn
Bitcoin halving, a significant event in the cryptocurrency world, is the process by which the rewards given to Bitcoin miners for processing transactions are halved. This event occurs approximately every four years, reducing the rate at which new Bitcoins are created. The most recent halving took place in May 2020, reducing the reward from 12.5 to 6.25 Bitcoins per block.
Bitcoin halving is important for several reasons. Firstly, it helps control the supply of Bitcoin, ensuring that it remains a deflationary asset. This scarcity is one of the factors driving its value. Secondly, the halving event has historically been associated with an increase in the price of Bitcoin. This is due to the reduced supply and increased demand as investors anticipate future price increases.
In conclusion, Bitcoin halving is a crucial event in the cryptocurrency world, impacting the supply, demand, and value of Bitcoin. Investors and enthusiasts closely monitor these events for their potential effects on the market.
#HotTrends #Bitcoin #Cryptocurrency #HalvingEvent #DigitalCurrency #Blockchain #BitcoinMiners #BitcoinSupply #BitcoinValue #BitcoinHalving #CryptoHalving #BitcoinPrice
Bitcoin halving is important for several reasons. Firstly, it helps control the supply of Bitcoin, ensuring that it remains a deflationary asset. This scarcity is one of the factors driving its value. Secondly, the halving event has historically been associated with an increase in the price of Bitcoin. This is due to the reduced supply and increased demand as investors anticipate future price increases.
In conclusion, Bitcoin halving is a crucial event in the cryptocurrency world, impacting the supply, demand, and value of Bitcoin. Investors and enthusiasts closely monitor these events for their potential effects on the market.
#HotTrends #Bitcoin #Cryptocurrency #HalvingEvent #DigitalCurrency #Blockchain #BitcoinMiners #BitcoinSupply #BitcoinValue #BitcoinHalving #CryptoHalving #BitcoinPrice