the Bitcoin Market Cap could be another indicator of when the bull run of 2024 will start.
Lets see what we get here in price action as btc tops out locally and looks for support
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The market cap of Bitcoin is at the ceiling and in 2024 will fall to near the previous floor @JalilRafiefard December 22, 2023
The market needs CAP to BO 44K Expecting Bitcoin consolidation or healthy pullback Needs smart or fresh money for the market to start trending again coins that did not make 52WH by now are the losers other that did will be good runners in the new cycle.
Btc market cap priced in btc with an over lay of btc and bsv (priced in u.s dollars)
BTC/USM2 money supply chart is typically more accurate to identify key price action than BTC/USD - 1st monthly candle to flip Supertrend line green on Monthly timeframe. Also punching through Ichimoku cloud…will history repeat and Bitcoin goes sideways for the next year ? Or will ETF continue price action straight up? Maybe 2024 will gift us a black swan to scoop...
Continuing from my previous post I still see numerous scenarios below the peak Bearish possibilities outweigh the positive ones. Nevertheless, there's a failure zone if the summit isn't breached, as seen. As a trader, leave emotions aside. I still hold 50% of my portfolio in the market. The chart below, a similar pattern in the past.
Currently this indicator is suggesting a local high for bitcoin as such divergences were displayed Around the TOP and BOTTOM of the previous cycle.
mc bitcoin after etf BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD
BTC is at currently at the top of a bear channel which formed after a high displacement move to the downside. It is also at a bearish Order block. Sample trade I took with a high R:R. I take trades the second they conform with my idea and do not wait for any confirmation because I would rather take a small risk and high reward trade then wait for confirmation and...
As you can see here we have formed a **triple** bottom on the BTC/USD pair using the Renko candlesticks. I would say if we continue to test this bottom and not break, we could be in for a bullish recovery for BTC. Tread carefully, but I personally see a bottom picking going on more than anything, the thought side of me thinks this is short, but the facts are...
It's been a pleasure exploring such a unique financial asset class. Nevertheless, we are moving into a political & economic direction in which crypto cannot coexist with the financial system and have any value in the long term. There are many reasons for this outlook. Join my channel for more: Telegram: @DeltaS7
M1 has caused problems for us BROTHERS. The current market divided by M1 resembles the gold market during a bear market, but it is happening three times faster due to the digital age. Based on this model, BTC may reach 35,000$ in 2023, undergo consolidation until the halving, and then drop to 8,000$ before beginning a new macrocycle. It is important to note that...
using some past time analisys trying to predict some future targets. however past performances don’t indicate the future ones
Darvas Buy Sell Signals - applied to Bitcoin Chart
First Halving: Market cap at halving: 146 million Market cap during run-up: $18.75 billion Run-up: 20 billion (approx.) Second Halving: Market cap at halving: $9.375 billion Market cap during run-up: $300 billion Run-up: $290.625 billion (approx., 15 times larger than the first halving) Third Halving (hypothetical): Market cap at halving: 150...