Bitcoin Bull Run Ahead? 🚀 Key Levels to Watch

#BitcoinBulls #bitcoinbullrun2024 #BitcoinBullRally2024
#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.

#BTC/USDT ANALYSIS

BTC is holding above the horizontal and the key ascending trendline support. The price is inside the Ichimoku cloud, which is a sign of indecision in the market.

A break above the Ichimoku cloud would be the bullish confirmation, while a sustained breakdown of the trendline would be a sign of correction in the market.

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Shared just 30 Mints befor we witnessed 40K Dump.

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🚀 Bitcoin (BTC) Creates History with a Groundbreaking Bullish Pattern! 🌟

In a monumental move, Bitcoin (BTC) has achieved an unprecedented milestone, forming a "golden cross" on its weekly chart for the first time in history! 📈 This bullish pattern, identified when the short-term moving average surpasses the long-term moving average, is a significant indicator of potential positive momentum.

📊 Breaking News: Bitcoin Forms Golden Cross! 🚨

Witnessing this historic event, the 50-week moving average (MA) has crossed above the 200-week MA on the Bitcoin weekly chart. The cryptocurrency community is buzzing with excitement as this golden cross typically signals a sustained upward trend in the market. 📈✨

🔍 Important Insight: The Golden Cross Dynamics

While the golden cross is traditionally viewed as a positive sign, it's crucial to note that it can sometimes act as a lagging indicator. In other words, by the time the cross occurs, the market may have already factored in the bullish sentiment, confirming an existing trend rather than predicting a new one.

💡 Market Dynamics: Bitcoin Price Movement and External Factors

Despite this historic formation, Bitcoin's price has experienced a temporary stumble, shedding $1,000 (2.3%) in just 7 hours. On-chain data analytics from Lookonchain attributes this downturn to significant selling pressure related to a large-scale transaction involving F2Pool's deposit of 1,000 BTC to Binance.

📆 Looking Ahead: Anticipation of a Market Catalyst

As the market navigates these fluctuations, all eyes are on a potential game-changer for Bitcoin bulls—the approval of spot Bitcoin ETFs. Finance reporter Katie Greifeld hints at an imminent decision by the SEC, with ETF issuers submitting their S-1s. If approved, spot Bitcoin ETFs could start trading almost immediately, injecting new momentum into the market and sustaining the bullish trend.

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🚀 Bitcoin Price Outlook: Will BTC Touch $100,000 in 2024? 🌐💰

Excitement is building as Bitcoin's price surged over 3% in the last seven days, reaching near the $44,000 mark. Investors are now contemplating the possibility of the king coin hitting new highs in 2024. Could BTC really touch $100,000? Let's explore the factors at play.

📈 Bitcoin ETFs: Catalyst for New Highs?

The anticipation around Bitcoin ETFs is creating a buzz in the market. Analysts, including the creator of the Stock-to-Flow (S2F) model, PlanB, are optimistic. PlanB predicts Bitcoin surpassing $100,000 in 2024, with an even more ambitious target of $532,000 by 2025. This projection aligns with the ongoing discussions and hopes surrounding the approval of ETFs.

🗓️ 2024: A Year to Remember for Bitcoin?

The bullish trend in Bitcoin's price last week is setting the stage for a potentially remarkable year. Currently trading at $43,912.86 with a market capitalization exceeding $860 billion, Bitcoin is capturing the attention of investors worldwide.

📢 Analyst Insights: BTC's Short-Term Potential

Crypto analysts like Crypto Tony are closely monitoring the situation. Tony shares his anticipation of BTC reaching $50,000 if ETFs receive approval. His strategy involves holding long positions while Bitcoin remains above $41,000, with plans to take profits in the $47,000 - $50,000 range.

🔍 Bollinger Bands Tightening: Positive Signs for Investors

Captain Faibik, a notable analyst, brings good news for investors in the short term. He highlights BTC's Bollinger Bands tightening in the daily timeframe chart, indicating potential upward movement in the coming days.

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bitcoin update:

As you all know that bitcoin has broken its resistance and is currently trading above 45k.

When the price of BTC is above 44500 then the possibility of going till 48K is very high.

But then the price breakdown happened and the 4 hours candle closed below 44500 and it was enough to touch 40k 41k.

If BTC goes below 40K, it may even touch 38K.

My opinion: I feel that 48K can touch, but the market is capable of 40k or 38k, I did not feel like that before hitting 48K.

#BTC!💰 #BitcoinPrice2024 #BitcoinETFs! #BitcoinBullRally2024 #BitcoinPriceDrop

My Target $BTC Bull Price $100000 #BTC #BitcoinBullRally2024 #IchimokuCharts #IchimokuStrategy

Note : Please help me guys still I'm learning analysis. I want your advice please type your comment ❤️

Spot bitcoin-ETF candidates have filed updated S-1 filings
BlackRock, Ark Invest/21Shares, VanEck, WisdomTree, Invesco, Fidelity and Valkyrie have filed updated Form S-1 filings with the SEC.
In the document, some companies also set commissions that had not been reported before:
- BlackRock: 0.3%;
- VanEck: 0.25%;
- WisdomTree: 0.5%.
Ark/21Shares reduced its commission from 0.8% to 0.25%.

#ETFApprovalDreams #ETFApproval2024 #BitcoinBullRally2024 #BTCETFSPOT

Someone just bought 1.1$billion worth of #bitcoin at 70k
It all the nation runningto buy bitcoins?
Are yiu ready for #BitcoinBullRally2024 before halving ?

🚀 Bitcoin Rockets Past $47,000 on ETF Excitement! 🌐💹

🎉 Breaking News: Bitcoin Achieves Milestone Amid ETF Anticipation!

Bitcoin (BTC) has soared to new heights, breaking the $47,000 barrier for the first time since April 2022. The catalyst behind this remarkable surge? The crypto community's growing excitement over the imminent decision on the approval of a spot-based Bitcoin exchange-traded fund (ETF) in the United States. 🚀📈

1. The Catalyst: Spot-Based Bitcoin ETFs 🚀

This surge aligns with the anticipation surrounding the regulatory decision on the first spot-based Bitcoin ETFs in the U.S., expected to be unveiled this week. Market observers are optimistic about approval, anticipating a substantial broadening of Bitcoin's investor base and attracting significant capital inflows. Major players like BlackRock, Fidelity, and Grayscale are signaling readiness for this revolutionary investment vehicle.

2. Potential Market Impact 📊

Joel Kruger, a market strategist at LMAX Group, predicts a potential 10-15% rally in Bitcoin's price if the SEC grants approval, fueled by sidelined capital entering the market. Conversely, in the absence of approval, a correction may occur, with strong support anticipated above the $30,000 level.

3. Bitcoin's Current Market Status 📈

Current Price: $46,880.6624h Change: +$3,571.08 (+8.25%)24h High: $47,248.9924h Low: $43,291.5924h Volume (BTC): 75,905.5024h Volume (USDT): $3,463,602,988.10RSI: 66.62
This impressive performance underscores the influence of regulatory developments and investor sentiment in the cryptocurrency market. As the crypto community eagerly awaits the SEC's decision, Bitcoin stands at a critical juncture, with the potential for further growth or correction depending on the outcome.

🌐 Stay Tuned for Updates: The Blockopedia- Your Source for Crypto Insights! 🚀📰

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#BitcoinBullRally2024 $BTC

How Do Bitcoin Ordinals Work?

The Ordinals protocol is a system for numbering satoshis, giving each satoshi a serial number and tracking them across transactions. Simply put, ordinals allow users to make individual satoshis unique by attaching extra data to them. This process is known as “inscription.”

A satoshi – named after Bitcoin's pseudonymous creator Satoshi Nakamoto – is the smallest denomination of bitcoin (BTC). A single BTC can be divided into 100,000,000 satoshis, meaning each satoshi is worth 0.00000001 BTC.

Satoshis are numbered based on the order in which they were mined and transferred. The numbering scheme relies on the order satoshis are mined, while the transfer scheme relies on the order of transaction inputs and outputs. Hence the name “ordinals.” The first satoshi in the first block has the ordinal number 0, and the second has the ordinal number 1, and so on. According to ordinal theory, these ordinal numbers act as stable identifiers for the data attached to sats.

While traditional NFTs are similar to ordinals in some ways, there are a few key differences. NFTs have typically been made using smart contracts on blockchains such as Ethereum, Solana, and the BNB Chain, and sometimes, the assets they represent are hosted elsewhere.

Conversely, ordinals are inscribed directly onto individual satoshis, which are then included in blocks on the Bitcoin blockchain. Ordinals reside fully on the blockchain and do not require a sidechain or separate token. In this sense, ordinal inscriptions inherit the simplicity, immutability, security, and durability of Bitcoin itself.
$BTC
$ORDI
#BitcoinETF💰💰💰
#BitcoinBullRally2024

$BTC Cycle Repetitive 🚀🚀🚀Bull run is coming after #BTC halving .

Historically, these Bitcoin halvings have occurred approximately every four years.

The Bitcoin halving has previously impacted the price of the cryptoasset, and so crypto investors usually monitor the four-year cycle closely to try and maximise their returns.

The next Bitcoin halving is expected to take place in April 2024, and so it is important to gain a better understanding of the four-year cycle that bitcoin has experienced since its creation.

However, this reward is cut in half once 210,000 new blocks have been created, hence the name given to the event. Historically, these Bitcoin halvings have occurred approximately every four years.

The Bitcoin halving has previously impacted the price of the cryptoasset, and so crypto investors usually monitor the four-year cycle closely to try and maximise their returns.

Stages of the Bitcoin halving cycle

Previous Bitcoin halving cycles have led to significant price increases, and so investors typically pay attention to bitcoin and other cryptoassets in the run-up to the event.

Following the setting of a new all-time high, bitcoin usually experiences a wider market selloff and considerable fall in price, which is often called a “crypto bear market.”

Bitcoin halving dates history

The Bitcoin halving takes place approximately every four years, once the appropriate number of blocks have been created.

The dates of previous Bitcoin halving events are as follows:

November 28th, 2012

July 9th, 2016

May 11th, 2020

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🚀 Bitcoin's Remarkable Comeback in 2023 Surpasses Gold and S&P 500! 💹✨

In a year marked by challenges, Bitcoin (BTC) emerged as the star performer, showcasing an impressive 144% increase and outshining traditional assets and indices. 🌟 The resilient recovery added a staggering $530 billion to Bitcoin's market cap, marking a remarkable turnaround from the 2022 downturn influenced by tighter monetary policies and industry challenges.

📈 Key Highlights of Bitcoin's Phenomenal Year:

🔗 Market Capitalization Boost: The latest surge propelled Bitcoin's market cap, demonstrating strength after a 65% decline in 2022.

💲 Price Surge: Bitcoin's price soared by $25,506 in 2023, reaching $42,208, a substantial recovery from the lows of the previous year.

🌐 Outperformance: Bitcoin's 2023 performance was not just a recovery story but a tale of outperformance compared to major asset classes. It left gold, with a 14% increase, and the S&P 500, with a 25% rise, in the dust.

📉 Historical Consistency: Despite challenges in 2022, Bitcoin has historically outperformed gold and the S&P 500 since its 2009 inception, underlining its resilience and potential as a leading digital asset.

💡 2024 Outlook: Anticipating New Highs for Bitcoin!
Looking ahead, Bitcoin's strong trajectory continues into 2024, fueled by key factors:

📅 Spot Bitcoin ETF Approval: The expected approval of the first set of spot Bitcoin ETFs in the U.S. by Jan. 10 could usher in institutional investors, with giants like Blackrock and Fidelity expressing interest.

⛓️ Supply Halving: April 2024 brings a significant development—the Bitcoin network's supply halving, reducing BTC issuance and enhancing the cryptocurrency's scarcity.

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"Anticipation is building for the 2024 bull run in the crypto sphere! 📈✨ Brace for the impact as this surge promises to reshape the #crypto landscape. Are we on the brink of a transformative era? 🚀 Let's navigate this exciting journey together! #BTC #BullRun2024 #ETH #BitcoinETFs! #BitcoinPrice2024 #BitcoinBullRally2024

🚀🚀🤑🤑🚀🚀
Daily $BTC
can't help but notice the similarity between today's retest and the retest at $49K
if it plays out similarly, we could see $75K+ tomorrow!
#TrendingTopic: #BitcoinBullRally2024

🚀 Bitcoin Rockets Past $45K: New Year, New Highs! 📈💫

Bitcoin enthusiasts, rejoice! As we usher in 2024, Bitcoin has smashed through the $45,000 mark for the first time since April 2022, signaling a powerful start to the new year. 🎉 Let's delve into the key factors propelling Bitcoin's surge and what lies ahead in the crypto landscape.

1. Bitcoin's Resurgence: A New Era Unfolds

Bitcoin's resurgence above $45,000 is making headlines, marking a remarkable 156% surge in 2023, the best performance since 2020. Investors are keeping a keen eye on the potential approval of exchange-traded spot bitcoin funds (ETFs), anticipating a positive turn of events.

2. Analyst Insights: Navigating the Road Ahead

Matteo Greco, an analyst at Fineqia International, anticipates a retracement post-ETF approval, suggesting a temporary dip in price levels before another upward trajectory. The approval of a spot bitcoin ETF is seen as a game-changer, potentially opening doors to new investor cohorts and enhancing market liquidity.

💡 Greco's Perspective: "ETF approval could improve market
liquidity, attracting new investors to the crypto space."

3. Market Dynamics: Factors Influencing the Crypto Resurgence

Confidence is building as central banks consider lowering interest rates, contributing to the recovery of the crypto market from challenges faced in 2022. Markus Thielen, founder of 10x Research, highlights the potential positive impact of this year's presidential election on crypto markets, a trend observed in previous election years.

🌐 Thielen's Insight: "Presidential elections have historically influenced crypto markets positively."

4. ETF Approval Anticipation: Industry Expectations and Skepticism

🔍 JPMorgan's Perspective: "Existing funds may shift to ETFs, but new capital influx remains uncertain."

🌟 What Lies Ahead? Stay Informed with The Blockopedia! 📰

#BitcoinPrice2024 #BitcoinETFs! #BitcoinBullRally2024 #Cryptocurrency #crypto2024