Current Price: $95,721
Prediction: ๐ +27% move expected, target $125,000
Analysis & Market Structure:
๐ Uptrend Holding in Ascending Channel โ Bitcoin is still within a strong bullish channel, with multiple higher highs and higher lows, confirming bullish momentum.
๐ Major Resistance Ahead ($100K - $105K Zone) โ
๐ธ Bitcoin needs to break above $100K psychologically, which is a key level for a push toward $125K.
๐ธ If BTC breaks $100K with strong volume, we could see a parabolic move towards $125K in the next phase.
๐ Key Supports to Watch:
๐น $94K -
92K (Previous Lows & Demand Zone) โ This area must hold for the bullish momentum to continue.
๐น
88K - $85K โ If Bitcoin drops below 92K, a deeper correction is likely before another attempt higher.
๐ Indicators:
โ๏ธ Strong buying pressure above $94K.
โ๏ธ RSI & Volume show momentum still favors bulls, but we need a breakout confirmation above $100K.
โ๏ธ Bullish wicks suggest accumulation on dips, further supporting an upside move.
Prediction & Strategy:
๐ Bullish Scenario (Most Likely):
Target: $125K โ A break above $100K - $105K resistance could trigger a 27% rally to $125K.
Bitcoin remains bullish as long as it stays inside the ascending channel.
๐ Bearish Scenario (Less Likely but Possible):
If BTC drops below92K, it could retest $85K - 88K before the next move up.
A break below $85K would invalidate the immediate bullish momentum.
Final Thoughts & Altcoin Strategy:
๐ Bitcoin remains extremely bullish, and a +27% move is highly possible if it holds above $92K.
๐ธ Targeting altcoins makes sense since BTC dominance could slow down after breaking $100K.
๐ธ Avoid XRP & TRUMP โ These coins have already pumped, and focus should be on new breakout altcoins.
๐ Overall Bias: Bullish โ
๐ฏ Short-Term Target: $100K - $105K
๐ฏ Mid-Term Target: $125K ๐
Prediction: ๐ +27% move expected, target $125,000
Analysis & Market Structure:
๐ Uptrend Holding in Ascending Channel โ Bitcoin is still within a strong bullish channel, with multiple higher highs and higher lows, confirming bullish momentum.
๐ Major Resistance Ahead ($100K - $105K Zone) โ
๐ธ Bitcoin needs to break above $100K psychologically, which is a key level for a push toward $125K.
๐ธ If BTC breaks $100K with strong volume, we could see a parabolic move towards $125K in the next phase.
๐ Key Supports to Watch:
๐น $94K -
92K (Previous Lows & Demand Zone) โ This area must hold for the bullish momentum to continue.๐น
88K - $85K โ If Bitcoin drops below 92K, a deeper correction is likely before another attempt higher.๐ Indicators:
โ๏ธ Strong buying pressure above $94K.
โ๏ธ RSI & Volume show momentum still favors bulls, but we need a breakout confirmation above $100K.
โ๏ธ Bullish wicks suggest accumulation on dips, further supporting an upside move.
Prediction & Strategy:
๐ Bullish Scenario (Most Likely):
Target: $125K โ A break above $100K - $105K resistance could trigger a 27% rally to $125K.
Bitcoin remains bullish as long as it stays inside the ascending channel.
๐ Bearish Scenario (Less Likely but Possible):
If BTC drops below
92K, it could retest $85K - 88K before the next move up.A break below $85K would invalidate the immediate bullish momentum.
Final Thoughts & Altcoin Strategy:
๐ Bitcoin remains extremely bullish, and a +27% move is highly possible if it holds above $92K.
๐ธ Targeting altcoins makes sense since BTC dominance could slow down after breaking $100K.
๐ธ Avoid XRP & TRUMP โ These coins have already pumped, and focus should be on new breakout altcoins.
๐ Overall Bias: Bullish โ
๐ฏ Short-Term Target: $100K - $105K
๐ฏ Mid-Term Target: $125K ๐
Dhanda The Great
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.
Dhanda The Great
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.