Bitcoin
Long
Updated

Bitcoin/USD - Key Levels to Watch in the Current Market

We’re all familiar with Bitcoin’s four-year cycle, and many are drawing parallels between the 2025 cycle and the previous cycles of 2017 and 2021. Analysts are focusing on common factors like the anticipated bull run and the significant price surges that Bitcoin and altcoins experienced during those years.

But here’s a crucial question to consider:

What if the bull run doesn’t materialize in 2025, and instead, this cycle extends until mid-2026?

As seasoned traders know, the most successful market participants are those who think like market makers.

Does it really make sense that everyone is expecting a massive rally in 2025, and it simply unfolds exactly as predicted?

Probably not.
2025 could very well be a year marked by intense price volatility, des

As we analyze the Bitcoin/USD chart on the 1-hour timeframe from BITSTAMP, several key levels emerge that traders should keep an eye on. The current price is hovering around 99,436 USD, showing a slight decline of 0.25% from the previous close.

Key Levels:
Resistance: The immediate resistance levels are at 100,638 USD and 101,000 USD. A break above these levels could signal a potential upward movement.
Support: The current support level is at 99,436 USD, with further support seen around 98,000 USD. A drop below these levels might indicate a bearish trend.

Key Points
Current Price $99280
Resistance. $1,02,500
Support Level $98,000
Our Target $1,03,300


Market Sentiment:
The market is currently showing some volatility, with the price fluctuating between 99,675 USD (high) and 99,436 USD (low). Traders should be cautious and monitor these levels closely for potential breakout or breakdown scenarios.

Strategy:
Buy Zone:
Consider entering a long position if the price breaks above 100,638 USD with strong volume, targeting the next resistance levels.
Sell Zone: A break below 98,000 USD Could be an opportunity to enter a short position, with potential targets at lower support levels.

Conclusion:
Bitcoin's price action is currently testing key support and resistance levels. Traders should stay vigilant and use these levels to guide their trading decisions. Always remember to manage risk and use stop-loss orders to protect your portfolio.
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