I want to highlight both, EMA55 and the 0.5 Fib. retracement level for the August 2024 - January 2025 bullish wave. These two levels have been tested and so far hold as support.
Good Thursday my fellow Cryptocurrency trader, how are you feeling today?
Things are good and everything is good. Bitcoin is back above 80K.
Bitcoin first pierced below 80K in early February, a long lower shadow on a candle with a high close. The close happened at 94.
Then again Bitcoin moved below 80K in the 10-March session but closed at 82K.
Last week Bitcoin closed below 80K. I mentioned that this is indeed a major development but market conditions do not change, we continue bullish. Last week, the first time ever below 80K, this week back above 80K. The week is not yet over so this signal is not confirmed.
The 0.5 Fib. retracement support level stands at $78,000. Any trading below 80,000 is a super strong buy opportunity. The market gave us a second chance and we took it with confidence and force.
EMA55 sits at $76,195 and was challenged for the first time since September 2024. It was challenged this same week and it holds. Bitcoin right now is safe and strong on the weekly timeframe.
Bitcoin is safe.
Lower is the least likely scenario.
Impossible for Bitcoin to hit 40K. Please ignore these people because they don't have a clue about Crypto and how the market works or behaves. Anybody calling for 40K must be ignored because this is either an attempt at some bad joke or indeed, complete insanity.
From the ~$74,000 March 2024 market high, after 5 months of distribution Bitcoin crashed and bottom at 49K. After reaching $110,000, only 3 months of distribution, a crash cannot lead to 40K. We still have all previous ATH as support and of course, we are going up. Let's not waste anymore time on something that doesn't make any sense at all but I still wanted to mention this to avoid and remove any confusion. Some people are just evil.
Let's consider the worst case, bearish scenario. If Bitcoin were to continue lower, it would find support in the blue zone on the chart. That is between 0.786 and 0.618 Fib. retracement. This is also the same range in which Bitcoin consolidated for months in 2024. So, in the worst case scenario, Bitcoin has strong support between $62,000 and $71,000; the truth is Bitcoin is going up.
Why we need not worry about this scenario?
Look at the volume on the chart.
A lower low and the lowest price in years and trading volume is really low. Both sessions producing the lowest prices, 10-March and 7-April closed green. This means that buyers were ready and waiting. If bears start selling, the bulls are happy to buy everything quick.
Since the downside is not our concern, we can focus on the future, higher prices which is what will happen next and long-term. Bitcoin is going up for a long while, until late 2025 minimum. It can extend and go into early 2026, we will know soon.
Now that we have a new low we can project more accurate and new targets. These can be seen on the chart and below:
1) $96,377 (Very easy)
2) $131,777 (Easy)
3) $145,300 - $167,177 (Strong)
4) $202,577 (Potential ATH)
5) $237,977 (Strong bull market)
With a strong market, which is standard for Crypto, Bitcoin can easily hit $167,000. Just a little more and we have $202,577. For this level market conditions should be really good. If things are great, Bitcoin can move and grow beyond 200K. Here we have 238,000 based on the most recent and accurate numbers.
Everything is pointing up.
We have long-term higher highs and higher lows.
The recent correction is very small compared to the past, but still reached beyond 30%. A 30% correction in a bull market is a strong correction, do not expect lower prices, we are going up next.
Bitcoin cannot go down 50% nor 60%, too much interest, too many people ready to buy, way too many people are aware. Bitcoin is solid and ready now, soon to trade beyond 100K.
The proof is in the chart.
Not only Bitcoin but also the stock market will grow.
The correction is over!
This is good.
Thanks a lot for your continued support.
Technical analysis made simple.
Consider hitting follow if you enjoy the content.
Leave a comment to show your support.
Namaste.
Good Thursday my fellow Cryptocurrency trader, how are you feeling today?
Things are good and everything is good. Bitcoin is back above 80K.
Bitcoin first pierced below 80K in early February, a long lower shadow on a candle with a high close. The close happened at 94.
Then again Bitcoin moved below 80K in the 10-March session but closed at 82K.
Last week Bitcoin closed below 80K. I mentioned that this is indeed a major development but market conditions do not change, we continue bullish. Last week, the first time ever below 80K, this week back above 80K. The week is not yet over so this signal is not confirmed.
The 0.5 Fib. retracement support level stands at $78,000. Any trading below 80,000 is a super strong buy opportunity. The market gave us a second chance and we took it with confidence and force.
EMA55 sits at $76,195 and was challenged for the first time since September 2024. It was challenged this same week and it holds. Bitcoin right now is safe and strong on the weekly timeframe.
Bitcoin is safe.
Lower is the least likely scenario.
Impossible for Bitcoin to hit 40K. Please ignore these people because they don't have a clue about Crypto and how the market works or behaves. Anybody calling for 40K must be ignored because this is either an attempt at some bad joke or indeed, complete insanity.
From the ~$74,000 March 2024 market high, after 5 months of distribution Bitcoin crashed and bottom at 49K. After reaching $110,000, only 3 months of distribution, a crash cannot lead to 40K. We still have all previous ATH as support and of course, we are going up. Let's not waste anymore time on something that doesn't make any sense at all but I still wanted to mention this to avoid and remove any confusion. Some people are just evil.
Let's consider the worst case, bearish scenario. If Bitcoin were to continue lower, it would find support in the blue zone on the chart. That is between 0.786 and 0.618 Fib. retracement. This is also the same range in which Bitcoin consolidated for months in 2024. So, in the worst case scenario, Bitcoin has strong support between $62,000 and $71,000; the truth is Bitcoin is going up.
Why we need not worry about this scenario?
Look at the volume on the chart.
A lower low and the lowest price in years and trading volume is really low. Both sessions producing the lowest prices, 10-March and 7-April closed green. This means that buyers were ready and waiting. If bears start selling, the bulls are happy to buy everything quick.
Since the downside is not our concern, we can focus on the future, higher prices which is what will happen next and long-term. Bitcoin is going up for a long while, until late 2025 minimum. It can extend and go into early 2026, we will know soon.
Now that we have a new low we can project more accurate and new targets. These can be seen on the chart and below:
1) $96,377 (Very easy)
2) $131,777 (Easy)
3) $145,300 - $167,177 (Strong)
4) $202,577 (Potential ATH)
5) $237,977 (Strong bull market)
With a strong market, which is standard for Crypto, Bitcoin can easily hit $167,000. Just a little more and we have $202,577. For this level market conditions should be really good. If things are great, Bitcoin can move and grow beyond 200K. Here we have 238,000 based on the most recent and accurate numbers.
Everything is pointing up.
We have long-term higher highs and higher lows.
The recent correction is very small compared to the past, but still reached beyond 30%. A 30% correction in a bull market is a strong correction, do not expect lower prices, we are going up next.
Bitcoin cannot go down 50% nor 60%, too much interest, too many people ready to buy, way too many people are aware. Bitcoin is solid and ready now, soon to trade beyond 100K.
The proof is in the chart.
Not only Bitcoin but also the stock market will grow.
The correction is over!
This is good.
Thanks a lot for your continued support.
Technical analysis made simple.
Consider hitting follow if you enjoy the content.
Leave a comment to show your support.
Namaste.
Trade active
When Bitcoin ends the next bull market, which starts in April-May 2025, the price should be around $180,000 or $250,000. When the bear market comes, the main low should happen first around $110-$120,000 followed by a little lower. Worst possible scenario will be a test of a range between $80,000 and $90,000. That's in 2026 or beyond. No, $40,000 is not possible.I saw some headlines in the news saying that some unknown expert was sure that Bitcoin was about to move to 40K. Bitcoin cannot hit 40K now and it cannot hit it in the future, because this is a price level that can never be touched again. It is a thing of the past. It is like saying that soon Bitcoin will trade at 20K or 10K. It is impossible, we are moving toward 100K.
Namaste.
Trade closed: target reached
This is the last chance truly to get Bitcoin below 90K. Once Bitcoin moves above $100,000, it will never trade back below $80,000 again. Right now, even as prices grow, timing is great and price also. You should get in now focusing on the long-term. The Altcoins are also great.When Bitcoin hits 100K, everything will be green but this will only be the start, we are going toward 200K. The All-Time High in late 2025 can be something great. Join the market now, it is still not too late. Just a few weeks into the future, excitement will be high, people will be rushing to buy. Better buy when prices are low and hold. You will be happy with the results.
Namaste.
Note
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Note
The fact that Bitcoin's price remains super strong and stable is a strong bullish signal. The action is happening not above 80K but 83.5K; no reversals, no rejections and no retracements.If the up-move was fake, we would see a drop immediately after it shows up. Instead, Bitcoin's price remains high and strong. The Altcoins are trading at bottom prices, from the bottom we grow. We are going up. Crypto is going up. Bitcoin is going up.
Go LONG now. The time is now.
Good luck & thank you for your continued support.
Namaste.
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🚨 Long-term Financial Success Available
» Make The Right Choice
» Join NOW!
👉 lamatrades.com (Since 2017)
🥇 9999% Results
t.me/masteranandatrades/5935
t.me/anandatrades/971
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» Make The Right Choice
» Join NOW!
👉 lamatrades.com (Since 2017)
🥇 9999% Results
t.me/masteranandatrades/5935
t.me/anandatrades/971
🏆 FREE Trade-Numbers
anandatrades.com
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.