2024

Solana

Bitcoin

Standard

Vortex

<div class="finbold">
 <p class="paragraph">After weeks of appearing to consolidate, Bitcoin (BTC) aims to establish its price above the crucial resistance level of $70,000.</p>
 <p class="paragraph">Indeed, if the crypto manages to sustain the current bullish momentum, the market anticipates that it will rally to a new record high, possibly above $100,000.</p>
 <p class="paragraph">Consequently, crypto trading expert <em>TradingShot </em>noted in a <em>TradingView </em>post on May 23 that Bitcoin is forecasted to enter a new rally phase following a period of <a rel="noopener noreferrer nofollow" title="consolidation" href="https://thebittimes.com/tag/consolidation.html">consolidation</a> post-<a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a>. This development aligns with historical patterns in previous Bitcoin cycles, signaling a potential surge towards $150,000.&nbsp;</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    3 cryptocurrencies to avoid trading this week <span class="self-center text-xs text-slate-500">11 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    2 cryptocurrencies to reach $10 billion market cap in the first half of 2024 <span class="self-center text-xs text-slate-500">18 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Sell-off alert: Ripple-related account moves over 50 million XRP to exchanges <span class="self-center text-xs text-slate-500">19 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    We asked ChatGPT-4o what will be SOL price if a Solana ETF is approved: Here’s what is said <span class="self-center text-xs text-slate-500">21 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">For instance<em>, TradingShot</em> noted the consistent occurrence of a two-month <a rel="noopener noreferrer nofollow" title="consolidation" href="https://thebittimes.com/tag/consolidation.html">consolidation</a> phase before and after the <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> event, a pattern observed in past Bitcoin cycles. This <a rel="noopener noreferrer nofollow" title="consolidation" href="https://thebittimes.com/tag/consolidation.html">consolidation</a> phase typically precedes a significant rally in Bitcoin’s price.</p>
 <figure class="wp-block-image aligncenter size-large"><img decoding="async" width="1024" height="571" src="https://cdn.thebittimes.com/images/2024/05/25/bb64104275d7ee7f750f11e4bf8e58b5.webp" alt="" class="wp-image-178338" srcset="https://cdn.thebittimes.com/images/2024/05/25/bb64104275d7ee7f750f11e4bf8e58b5.webp 1024w, https://cdn.thebittimes.com/images/2024/05/25/bb64104275d7ee7f750f11e4bf8e58b5.webp 300w, https://cdn.thebittimes.com/images/2024/05/25/bb64104275d7ee7f750f11e4bf8e58b5.webp 768w, https://cdn.thebittimes.com/images/2024/05/25/bb64104275d7ee7f750f11e4bf8e58b5.webp 1113w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>Bitcoin price analysis chart. Source: TradingView/TradingShot</em>
  </figcaption>
 </figure>
 <p class="paragraph">Moreover, the expert also reviewed the impact of technical indicators such as the Mayer Multiple Band (MMB) and the Bollinger Bands Width (BBW). <em>TradingShot </em>suggested that trading above the MMB of 1 Standard Deviation (SD) indicates a bullish trend, particularly after the BBW bottoms out.&nbsp; A surge has historically followed this pattern in Bitcoin’s price towards the MMB 3SD level.&nbsp;</p>
 <h2 class="wp-block-heading" id="h-bitcoin-s-next-price-target-nbsp">Bitcoin’s next price target&nbsp;</h2>
 <p class="paragraph">The Vortex Indicator (VI) and the Commodity Channel Index (CCI) in the two-month time frame also highlight the symmetry in Bitcoin’s cycles. <em>TradingShot’s</em> analysis indicated that VI tops coincide with CCI’s first higher low after a bottom, suggesting a predictable pattern in Bitcoin’s price movements.</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“As a result, we can expect the price to top by the week of March 17 2025 the earliest. &lt;…&gt; The most important part perhaps is that after each consolidation after the BBW bottom. Bitcoin’s immediate target was the MMB 3SD, which is the orange trend-line. That is currently at $125k but by the time the rally reaches it, it could be closer to $150k,” the analyst said.&nbsp;</p>
 </blockquote>
 <p class="paragraph">It’s worth noting that Bitcoin has exhibited bullish sentiments in the short term, with the crypto hitting the $71,000 mark on May 21. The rally coincided with a significant surge in spot buying and spot Bitcoin exchange-traded fund (ETF) purchasing.</p>
 <p class="paragraph">As things stand, the market seems to be on edge regarding the implications of the current price movement. Some believe the recent bull run has peaked, while others suggest that a new bull run consistent with the Bitcoin post-<a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> price movement has begun.&nbsp;</p>
 <h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin price analysis</h2>
 <p class="paragraph">By press time, Bitcoin was trading at $69,103 with daily gains of almost 2.5%. On the weekly chart, BTC is up 2.67%.</p>
 <figure class="wp-block-image aligncenter size-full"><img decoding="async" width="675" height="550" src="https://cdn.thebittimes.com/images/2024/05/25/5a08325783aa60eb1a1ac23939e67c64.webp" alt="" class="wp-image-178339" srcset="https://cdn.thebittimes.com/images/2024/05/25/5a08325783aa60eb1a1ac23939e67c64.webp 675w, https://cdn.thebittimes.com/images/2024/05/25/5a08325783aa60eb1a1ac23939e67c64.webp 300w" sizes="(max-width: 675px) 100vw, 675px">
  <figcaption class="wp-element-caption"><em>Bitcoin seven-day price chart. Source: Finbold</em>
  </figcaption>
 </figure>
 <p class="paragraph">Elsewhere, Bitcoin’s technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> is dominated by bullish sentiments. According to data retrieved from <em>TradingView,</em> a summary of Bitcoin’s one-day gauges indicates a ‘buy’ at 15, while moving averages are at ‘strong buy’ at 14. Oscillators, on the other hand, are ‘neutral’ at 9.</p>
 <figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="203" src="https://cdn.thebittimes.com/images/2024/05/25/d12fe906c85d881fb409f146a319fcc0.webp" alt="" class="wp-image-178340" srcset="https://cdn.thebittimes.com/images/2024/05/25/d12fe906c85d881fb409f146a319fcc0.webp 1024w, https://cdn.thebittimes.com/images/2024/05/25/d12fe906c85d881fb409f146a319fcc0.webp 300w, https://cdn.thebittimes.com/images/2024/05/25/d12fe906c85d881fb409f146a319fcc0.webp 768w, https://cdn.thebittimes.com/images/2024/05/25/d12fe906c85d881fb409f146a319fcc0.webp 1536w, https://cdn.thebittimes.com/images/2024/05/25/d12fe906c85d881fb409f146a319fcc0.webp 1595w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>Bitcoin technical analysis chart. Source: TradingView</em>
  </figcaption>
 </figure>
 <p class="paragraph">Overall, most of the market anticipates that Bitcoin will sustain its current momentum, but a continuation of the rally significantly hinges on breaching the $70,000 resistance zone.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em>&nbsp;The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-attack-mode-btc-set-for-150k-after-post-halving-consolidation-tbt89752.html">https://thebittimes.com/bitcoin-attack-mode-btc-set-for-150k-after-post-halving-consolidation-tbt89752.html</a></p>

Bitcoin attack mode: BTC set for $150k after post-halving consolidation

目錄

TheBitTimes

在 2024年5月25日發表的其他文章

Ethereum’s Pectra Upgrade: Stakes Raised for Validators, Smart Contracts Get Smarter

TON Foundation and Tether To Simplify Crypto Payment: XRP and RECQ Price Forecast

OKX Retreats from Hong Kong as Crypto Regulations Tighten

Breaking: Terra Luna Classic Set For v3.0.1 Upgrade, LUNC Price Rally In June

AI Meme Crypto Segment Valuation Adds 100% in One Week

MoonBag on Coinbase: SHIB and FLOKI Face a New Powerful Challenger Setting Goals to Soar Above Them

訂閱免費電子報，每天收取加密貨幣最新動態！