$BTC The point of this chart is not to look at future peaks, although we will touch upon it. The point is to take a dive into the indicator called the BTC log regression {Rainbow Dark} that is based on the Fibonacci sequence and the possible transition to the lower band from the top band.
Bitcoins entire history has been on the upper band of this log and in the recent crash of this year it has broken below. It did break this upper band support once before it the covid crash of 2020 marked with the orange circle. Price action broke through but as we can see it quickly recovered and held as support into the eventual bull run. This sequence of events seems to have left us a couple of clues, being the first time there was a substantial breach of the bottom and the bull run not hitting the top. I think yes, it could telling us that Bitcoin is now transitioning {reset} to the lower part of the band and it's most likely could be the new trending range. To confirm this theory we need two touches, one on top and one on the bottom.
In my opinion the only questions that remains is which line will be touched first and what will be the path. I do believe the top of this lower band could be the top of Bitcoins next bull run and the bottom of could be the bear market, of course only time will tell. I do not believe we ever go to top of the band ever again and could possible be the new resistance point for future bull market tops.
Just purely on looking at this lower band and assuming that we have a new bull market that tops in March of 2025, price point is showing a possible of just over 200k top.
My speculation is bitcoin moves towards the top first and then touch the lower part of the band later next year at relatively the same price point as now which would mark a double bottom that ultimately sparks the new bull run. There is only one thing for sure, Bitcoin will surprise everyone.
Keys to look at is the stochastic RSI. this will show which way momentum is going.
This is not financial advice and should not be taken as such. it's an observation Leave comments below
What is Lista DAO? Lista DAO functions as a open-source liquidity protocol for earning yields on collateralized Crypto assets (BNB, ETH, Stablecoins, and other cryptocurrencies) and borrowing of our decentralized stablecoin, lisUSD, also known as a "Destablecoin". It uses and expands the proven MakerDAO model for a decentralized, unbiased, collateral-backed destablecoin. The protocol consists of a dual token model (lisUSD and LISTA) and a set of mechanisms that support instant conversions, asset collateralization, borrowing, yield farming, etc. We are native to the BNB Chain ecosystem and have plans to expand to multiple chains in the near future. The protocol is built by DeFi and smart contract experts with the aim to position the world-class revolutionary lisUSD Destablecoin as the most widely used one, by leveraging Proof-of-Stake (PoS) rewards and yield-bearing assets.
Destablecoin is a new type of asset class within the crypto space that seeks to label a more accurate term in the current stablecoin landscape. The prefix “de-” stands for decentralized - it does not signify price volatility the way assets such as BTC experience. Destablecoins utilize decentralized, liquid-staked, crypto assets only as collateral and do not aim to achieve absolute price stability with fiat-based currencies such as USD. While destablecoins are not fully volatile assets, they will allow for some price fluctuations as regular fiat currencies would experience with varying reference rates and interest rate parities defined by the open market. Lista DAO allows users to: Collateralise BNB. Borrow lisUSD Farm lisUSD Repay the loan (lisUSD + borrowing interest) Withdraw collateral Claim rewards in LISTA for borrowing lisUSD (coming soon) Participate in protocol governance, using LISTA tokens (coming soon)
Hope you guys achieve great success! Happy Trading!
What is Lista DAO? Lista DAO functions as a open-source liquidity protocol for earning yields on collateralized Crypto assets (BNB, ETH, Stablecoins, and other cryptocurrencies) and borrowing of our decentralized stablecoin, lisUSD, also known as a "Destablecoin". It uses and expands the proven MakerDAO model for a decentralized, unbiased, collateral-backed destablecoin. The protocol consists of a dual token model (lisUSD and LISTA) and a set of mechanisms that support instant conversions, asset collateralization, borrowing, yield farming, etc. We are native to the BNB Chain ecosystem and have plans to expand to multiple chains in the near future. The protocol is built by DeFi and smart contract experts with the aim to position the world-class revolutionary lisUSD Destablecoin as the most widely used one, by leveraging Proof-of-Stake (PoS) rewards and yield-bearing assets.
Destablecoin is a new type of asset class within the crypto space that seeks to label a more accurate term in the current stablecoin landscape. The prefix “de-” stands for decentralized - it does not signify price volatility the way assets such as BTC experience. Destablecoins utilize decentralized, liquid-staked, crypto assets only as collateral and do not aim to achieve absolute price stability with fiat-based currencies such as USD. While destablecoins are not fully volatile assets, they will allow for some price fluctuations as regular fiat currencies would experience with varying reference rates and interest rate parities defined by the open market. Lista DAO allows users to: Collateralise BNB. Borrow lisUSD Farm lisUSD Repay the loan (lisUSD + borrowing interest) Withdraw collateral Claim rewards in LISTA for borrowing lisUSD (coming soon) Participate in protocol governance, using LISTA tokens (coming soon)
Hope you guys achieve great success! Happy Trading!
The point of this chart is not to look at future peaks, although we will touch upon it. The point is to take a dive into the indicator called the BTC log regression {Rainbow Dark} that is based on the Fibonacci sequence and the possible transition to the lower band from the top band.
Bitcoins entire history has been on the upper band of this log and in the recent crash of this year it has broken below. It did break this upper band support once before it the covid crash of 2020 marked with the orange circle. Price action broke through but as we can see it quickly recovered and held as support into the eventual bull run. This sequence of events seems to have left us a couple of clues, being the first time there was a substantial breach of the bottom and the bull run not hitting the top. I think yes, it could telling us that Bitcoin is now transitioning {reset} to the lower part of the band and it's most likely could be the new trending range. To confirm this theory we need two touches, one on top and one on the bottom.
In my opinion the only questions that remains is which line will be touched first and what will be the path. I do believe the top of this lower band could be the top of Bitcoins next bull run and the bottom of could be the bear market, of course only time will tell. I do not believe we ever go to top of the band ever again and could possible be the new resistance point for future bull market tops.
Just purely on looking at this lower band and assuming that we have a new bull market that tops in March of 2025, price point is showing a possible of just over 200k top.
My speculation is bitcoin moves towards the top first and then touch the lower part of the band later next year at relatively the same price point as now which would mark a double bottom that ultimately sparks the new bull run. There is only one thing for sure, Bitcoin will surprise everyone.
Keys to look at is the stochastic RSI. this will show which way momentum is going.
This is not financial advice and should not be taken as such. it's an observation Leave comments below
The point of this chart is not to look at future peaks, although we will touch upon it. The point is to take a dive into the indicator called the BTC log regression {Rainbow Dark} that is based on the Fibonacci sequence and the possible transition to the lower band from the top band.
Bitcoins entire history has been on the upper band of this log and in the recent crash of this year it has broken below. It did break this upper band support once before it the covid crash of 2020 marked with the orange circle. Price action broke through but as we can see it quickly recovered and held as support into the eventual bull run. This sequence of events seems to have left us a couple of clues, being the first time there was a substantial breach of the bottom and the bull run not hitting the top. I think yes, it could telling us that Bitcoin is now transitioning {reset} to the lower part of the band and it's most likely could be the new trending range. To confirm this theory we need two touches, one on top and one on the bottom.
In my opinion the only questions that remains is which line will be touched first and what will be the path. I do believe the top of this lower band could be the top of Bitcoins next bull run and the bottom of could be the bear market, of course only time will tell. I do not believe we ever go to top of the band ever again and could possible be the new resistance point for future bull market tops.
Just purely on looking at this lower band and assuming that we have a new bull market that tops in March of 2025, price point is showing a possible of just over 200k top.
My speculation is bitcoin moves towards the top first and then touch the lower part of the band later next year at relatively the same price point as now which would mark a double bottom that ultimately sparks the new bull run. There is only one thing for sure, Bitcoin will surprise everyone.
Keys to look at is the stochastic RSI. this will show which way momentum is going.
This is not financial advice and should not be taken as such. it's an observation Leave comments below
Last cycle dogecoin didn’t begin its parabolic move up until it broke out from the parallel channel on weekly chart. After that we all know what happened.
#AirdropGuide Yesterday ZRO has proven the power of the community i think this coin can go till 10 $ and up great way to start a trading bot on futures bot with low the 1.5 and high 8.5 $ 60 grids and let it work on a long term ... Have a nice day to everybody see you soon again .
A little drawdown after #ETFvsBTC ethereum etf news .. I hope Bitcoin can continue the way for higher altitudes... what do you think comment down below ..
$BTC # Influencing Factors Several factors influence Bitcoin's price, including institutional adoption, regulatory news, technological advancements, and macroeconomic indicators. For instance, announcements from major financial institutions about Bitcoin adoption or changes in government regulations can lead to swift price fluctuations. Understanding these factors is crucial for making informed trading decisions.
## Trading Strategies
### Long-term vs Short-term Traders can employ various strategies based on their risk tolerance and investment horizon. Long-term investors, or "HODLers," believe in Bitcoin’s potential for future appreciation and hold their investments through market cycles. On the other hand, short-term traders might take advantage of market volatility by engaging in day trading, swing trading, or arbitrage to profit from price differences across exchanges.
### Risk Management Effective risk management is essential in the volatile world of cryptocurrency trading. Traders should use tools like stop-loss orders, which automatically sell assets when prices fall below a certain threshold, to mitigate potential losses. Diversifying investments across multiple cryptocurrencies can also reduce risk exposure associated with any single asset.
## Conclusion
Bitcoin remains a cornerstone of the cryptocurrency market, with significant implications for financial systems worldwide. Its historical significance, substantial market capitalization, and influence on crypto market trends highlight its importance. By understanding Bitcoin's role and employing informed trading strategies, traders can navigate the dynamic crypto landscape more effectively.
Traders are encouraged to stay updated with market trends, employ sound risk management practices, and continuously educate themselves about the evolving crypto market to make informed decisions.
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# Understanding Bitcoin and Its Role in the Crypto Market
## Introduction
Bitcoin, the pioneering cryptocurrency, has established itself as a significant player in the digital financial world. As the first decentralized currency, it introduced the revolutionary blockchain technology that underpins most cryptocurrencies today. This article aims to explore Bitcoin’s relevance in the crypto market, analyze current market trends, and discuss effective trading strategies for both new and experienced traders.
## Importance of Bitcoin in the Crypto Market
### Historical Significance Bitcoin's creation in 2009 by the pseudonymous Satoshi Nakamoto marked the beginning of a new era in digital finance. As the first successful application of blockchain technology, Bitcoin paved the way for thousands of alternative cryptocurrencies, collectively known as altcoins. Its decentralized nature and scarcity—only 21 million Bitcoins will ever be mined—give it an inherent value that sets it apart from traditional fiat currencies.
### Market Capitalization Bitcoin’s market capitalization has consistently dominated the crypto market, often comprising over 40% of the total market value. This dominance underscores its importance as a store of value and a medium of exchange within the crypto ecosystem. Investors often view Bitcoin as "digital gold," attributing to it a safe-haven status, especially during periods of economic uncertainty.
## Current Market Trends
### Recent Price Movements In recent years, Bitcoin has experienced significant price volatility, driven by factors such as market speculation, macroeconomic trends, and regulatory developments. Notable price surges and drops have highlighted its speculative nature, making it a focal point for traders looking to capitalize on short-term movements.
#EarnFreeCrypto2024 #pizzaday What u buying today ? what is your market plans today? You fear the market or u feel brave for the next move lets talk anout it ..