BTC/USDT : 200 day MA is key support to a massive $160,000 jump.
Hello Traders,
A compelling pattern is forming for
BTC .
Considering how BTC interacted with the 50 day MA from November 2023 to March 2024, with BTC retesting at $40,000 in January and then surging to $73,000 in March, if history repeats, the 2025 bull run could potentially send BTC to $160,000 within three months.
Technically, BTC broke through the 50-day MA resistance from above and from $48,000 it declined by 20% towards the 100-day MA trendline to have rest at $38,000. From the 100-day MA trendline, BTC then rallied by 90% all the way up to $73,000.
If this historical move were to repeat, BTC would likely encounter the 100-day MA trendline to fall 20% at $85,000 before another 90% surge towards $160,000 🚀🚀🚀.
Play safe, #DisciplineWithStopLoss before you invest and keep close eyes on 50 & 100 day MA trendlines 🤞
#ChartPatterns
#SwingTrading
#BTCUSD
#PatienceIsKey
#RektProofTrade
#ProtectYourCapital
A compelling pattern is forming for
BTC .Considering how BTC interacted with the 50 day MA from November 2023 to March 2024, with BTC retesting at $40,000 in January and then surging to $73,000 in March, if history repeats, the 2025 bull run could potentially send BTC to $160,000 within three months.
Technically, BTC broke through the 50-day MA resistance from above and from $48,000 it declined by 20% towards the 100-day MA trendline to have rest at $38,000. From the 100-day MA trendline, BTC then rallied by 90% all the way up to $73,000.
If this historical move were to repeat, BTC would likely encounter the 100-day MA trendline to fall 20% at $85,000 before another 90% surge towards $160,000 🚀🚀🚀.
Play safe, #DisciplineWithStopLoss before you invest and keep close eyes on 50 & 100 day MA trendlines 🤞
#ChartPatterns
#SwingTrading
#BTCUSD
#PatienceIsKey
#RektProofTrade
#ProtectYourCapital
Trade active
Short Update:
Looking closing at 8 hour (8H) time framing, BTC has tested 200 (8H) MA six times for breakout but failed to close above 200 (8H) MA, and 7th wick was able to rest above 10 (8H) MA.
Currently, RSI, Stoch RSI and MACD shows bullish signs for further movement, In this case, if 8th or later candle closes above 200 (8H) MA then BTC then it will make easy path for BTC to fly toward $97500
Image:
Note
My interval color codes:
Red : 10 MA
Green: 50 MA
Blue: 100 MA
Yellow: 200 MA
Note
Bullish Case 1: BTC takes dip towards primary liquidity range with LH by daily candle and close above 10 day MA.
Historically Proven Case 2: Whales decides to shake leverage traders and BTC gets a smooth BULISH jump to 120k with green candles only, ultimately reaching to 160k on a long run.
LESS LIKLEY Case 3: situation, but who knows ??? News of BTC network congestion, Mass BTC ETF sold outs, US Economy Crash, Genocide or Pandemic can send BTC at 71K which is monthly support range
Trade closed: target reached
Folks, BTC just got recover from very close to 100 day MA trendline, (Just 1% away from hitting 100 day MA trendline, which shows very strong buying pressure near 100 day MA trendline)
After a roller coaster ride, a much anticipated milestone of 105K reached !!!
Based on my previous prediction, BTC chose primary liquidity range and moved upward as I mentioned in Case 1 path.
As projected in the below image, BTC is forming a bullish triangle and BTC has hit upper resistance at 105K and I just close my trade here @ 105K and booked profit. Now here are my two 'LESS LIKLEY but MOST PROBABLY' path for BTC.
1. Green Projection: BTC could retrace to as low as 95k before 20th January (Oath day, you know !)to kiss 50 day MA trendline before a new high.
2. Yellow Projection: BTC will break out the triangle and then retest 50 day MA before a new high.
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