BitcoinShort
Bitcoin Bull Market: End of the Run or Power Accumulation?
Bitcoin Bull Market: Over or Just a Strategic Pause?
- Trend Overview:
- The market is currently following a primary ascending channel, suggesting an overall bullish trend with periodic retracements.
- The price has recently experienced a bullish breakout, followed by a brief consolidation within a bearish channel. - Resistance & Support:
- The chart highlights key resistance levels: $109,356 (ATH Jan 2025) and $103,757 (recent resistance).
- Support is noted around $79,579, with additional support at $71,400 and the demand zone near $49,736. - Key Price Action:
- A bearish area confirmation is marked, suggesting the price could drop sharply if the daily candle closes below $92,800. The anticipated drop could target the next support levels at 79K and 71K.
- The range between $64,938 and $49,736 indicates a previous consolidation period, which could act as support if the price moves lower. - Outlook:
- If the price holds above the support levels (particularly the $92,800 level), it could potentially continue moving toward the resistance zone. However, if the market breaks below the support lines, further downside to the $71,400 and $64,938 levels is likely.
- If the weekly candle closes above $104,570, it would signal a strong bullish trend, potentially leading Bitcoin toward the $127,000 level. This breakout above the resistance could indicate further upside momentum, pushing the price to test higher targets and possibly reaching a new all-time high.
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~6 analyses per day. With a clear entry point
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SM World and Economy News 24/7
Urgent News ⚡️:
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Disclaimer
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my free signals channel telegram
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.