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Btcforecast

Elementary Bitcoin in its entirety for beginnersUnlike all kinds of cryptocurrencies, the issue of Bitcoin is limited by the condition of a regular reduction in the size of the mining reward. Naturally, the American dollar will always be issued without any special restrictions. This allows you to make a basic calculation: “infinity” divided by “21 million” = “infinity”. That is, theoretically, in the infinite future, Bitcoin can cost as much as you like; based on general data, you can already calculate the nearest maximum target of $120k at the end of 2025. Of course people won't spend all their dollars on Bitcoin because they have other needs to survive. People will buy and sell Bitcoin to achieve their budget goals. Therefore, the price will not rise every day. Looking at the figure, you can see three symbolic exponents (blue at the bottom, red at the top and orange in the middle) the struggle between buyers and sellers unfolds. But this is not a fact that the price will reach them, since the real exponential median is extended into eternity, or at least for the next hundred years until all Bitcoin is mined. The most likely upward trend will fluctuate around a straight white line. I think the price will charge below this line and shoot exponentially much higher again and again as mankind's speculative sentiment never runs out. Therefore, in the near future, since the price has not reached its nearest maximum immediately, a break is needed to recharge. Anything can happen at once, but most likely it will drop below the previously mentioned orange exponential and below the white straight line to collect at least part of the liquidity between $28k-33k and reverse fast back to its nearest target at $120k. I believe this downward and upward movement will occur before the end of 2025. However, from my own experience, I can note that my scenarios are implemented much faster because we are not given time, we create it ourselves. Therefore, just stay in touch and watch the unfold of events vertically if you are not in a hurry. =] I still provide brief comments as the story progresses from that “Watchlist, details and news” section in the upper right corner of the screen on the stationary monitor. Best wishes.
BITSTAMP:BTCUSDEducation
by tradephenomena
Magnetic Fields (Part 2)At the architecture faculty, I was taught that if it looks ugly in a project, then it won’t work. So this is another clear example of how events can unfold in the future. Given the exponential trend, we can assume that without the current stop Bitcoin price would have already reached $150k. But since this hasn't happened yet, the start of the swift rise period is clearly moving to the second half of 2025. Looking at this optimistic scenario, we can see that the resistance and support exponents each have their own magnetism and the price always made sharp falls after reaching the highs and a smooth rise untill excitement begins. So this time, it is quite likely, and ideally necessary, for the price to fall below the (orange) median expected in this case. I understand that the trends of the desired and the actual may differ and therefore I try to be objective. However, one way or another, the clarity of the picture speaks for itself. A related idea (part 1) has a less optimistic outlook.
BITSTAMP:BTCUSDShort
by tradephenomena
BITCOIN will deceive sellers and rise to $73,000!Yesterday's inactivity of sellers in the $64500 range gave a chance for a local wave of growth for bitcoin and the entire cryptocurrency market. ⚡️ In our previous idea , we wrote about the failure rate of the $64500 range: 💥 On the 12-hour timeframe, sellers failed to break through the 64500 range for 5 candles. And growth after such a failure should be aggressive. On the 4hr timeframe, yesterday's weakness of the sellers was well worked out: The BTC price failed to gain a foothold below the 64800 mark , and the local growth of bitcoin continued. ⚡️ The USDT dominance indicator broke the trend line down: If the USDT dominance does not rise above 4.9% today, we expect a drop to 4.6%. This is the most modest target at the moment. The BTC dominance chart has yet to break through the 55% mark. There is a feeling that the BTC dominance nightmare is not over, despite the clear signals of a drop on the daily timeframe: 💎 Therefore, today we expect such feats from customers: ✅Not to lose control of 65100 ✅To develop the trend line from June 7 upwards and test the 67300 mark For now, the main scenario is growth to 70000 and the recovery of altcoins. 💎If you are interested in the forecast of other cryptocurrencies , write their names in the comments!
Long
by P_S_trade
46
BTC – Weekly Perspective – 02/06 to 09/06On the first day of June, the SETUP used indicates a corrective bearish pivot on the long-term chart. Will we have a correction later on, so that the cryptocurrency finally breaks free and reaches new peaks? When we analyze the impressive rise that the cryptocurrency has had in the last 16 months and trace just one Fibonacci retracement, we will see that the 50% region is around 44.6K. In my opinion, a correction as soon as possible is completely healthy, as nothing goes up forever in a straight line without there being a correction at some point in the future. Coming to the daily chart, we have prices on the verge of forming a corrective pivot, with enough strength to reach 44.5K, if prices do not remain above 69.6K. The most interesting thing is to see that we have a confluence between the values ​​provided by the Fibonacci retracement of the rise, in which 50% of this correction is at 44.6K, with the corrective pivot found on the daily chart, whose final destination has the potential to reach 44 .5K, as shown in the images above. Can I trust what my eyes have just seen? To know for sure, unfortunately, I will have to live day by day. Do your analysis and good business. Be aware, if you buy, use stop loss. See other graphical analyzes below.
INDEX:BTCUSD
by MacD_Bollinger
The first TP will be around 58,987, and the second TP is 64250.An interesting development is unfolding on the fifteen-minute timeframe in Bitcoin, indicating readiness for selling and shorting. Due to two candles forming around the $60,000 mark within a fifteen-and-a-half-hour timeframe, along with the formation of a head and shoulders pattern, if the price can break the trend line in the lower timeframe, we can expect the confirmation of the forming head and shoulders pattern and a slight price drop slightly below the Fibonacci 1.618 level at $58,987. However, the intriguing aspect is that since $58,987 is the last candle in the lower timeframe, and there's a candle at $64,250 in the half-hour and one-hour timeframe, there's a high probability that after reaching $58,987, the price drop will quickly reverse and move upwards, hitting the second TP at $64,250, before experiencing another price drop below $58,987.
by khosrooparviz
4
Crazy analysis and forecast for bitcoin Bitcoin Chart in my expectation: - The pattern of cup and handle: The cup and handle pattern is a bullish continuation pattern often seen in price charts. It consists of a rounded bottom (the cup) followed by a smaller consolidation period (the handle) before a breakout to the upside. The target for the cup and handle pattern is typically measured by adding the depth of the cup to the breakout point of the handle. the 1st round target is 135000 satoshi the 2nd round target for the main coup is 265000 satoshi - Magenta color 5 waves: it shows that the prices are moving in 5 wave elliott waves. Elliott Wave Theory is a method of technical analysis that attempts to predict future price movements by identifying repeating patterns in market data. According to this theory, markets move in waves, both upward and downward, in a series of five waves. These waves are further categorized into motive waves (1, 3, and 5) and corrective waves (2 and 4). The final target for the wave is 135000 satoshi and it matching the 1st round of the main shape formed coup and handle targets for the handle part. - Blue color 3 Correction waves ABC: The ABC correction pattern is a fundamental aspect of Elliott Wave Theory and can be found in various time frames and across different financial markets. Traders often use these corrective waves to anticipate potential entry points or to confirm the overall direction of the market trend. 1- Wave A: This is the first wave in the correction sequence and represents the initial move against the trend. In an uptrend, Wave A is a downward move, while in a downtrend, it's an upward move. 2- Wave B: Following Wave A, there is a partial retracement, labeled as Wave B. Wave B typically retraces a portion of the preceding Wave A but does not surpass its starting point. 3- Wave C: Wave C is the final wave in the correction sequence and typically represents the strongest move against the trend. In an uptrend, Wave C is a downward move, often extending beyond the starting point of Wave A. In a downtrend, Wave C is an upward move, again potentially exceeding the starting point of Wave A. - Main trend in yellow will be the final correction of the blue wave - Red color 3 Correction waves ABC: the prices will drop down for the correction area between 27000 to 32000 satoshi and it is the start for the end of this wave by final lvls in between 218000 to 265000 satoshi. the final red wave target is matching the 2nd round target for the main cup and handle shape 265000. this will take years to achieve and i am writing this analysis on 5-5-2024. Thanks for reading and remember these words if we will achieve them best regards
BNC:BLXLong
by Tdawly_Official
2