🎯 Key Support and Resistance Levels
Resistance Zone: $100,000 is identified as a key resistance level.
Support Zone: The $83,500–$86,000 range is a strong support area where the price recently showed a reaction.
Additional Critical Levels: If the support fails, $76,000 and $72,000 could serve as potential re-entry points.
📊 Ichimoku Indicator & Technical Signals
The price is currently inside the Ichimoku cloud, indicating a highly volatile and uncertain zone.
If the price stabilizes above the cloud, further upward movement is possible.
However, failure to hold above the cloud increases the likelihood of a deeper correction toward support levels.
📈 RSI (HARSI) Analysis
The indicator has recently been in the overbought zone and is undergoing a correction.
This correction may lead to a slight pullback, providing a re-entry opportunity.
⚡ Market Structure & Overall Trend
Bitcoin has failed to break its previous high but has been forming higher lows.
Recent candlestick formations indicate increasing selling pressure, suggesting a possible price decline.
Observing higher timeframes is crucial to confirm a continued bearish trend.
🔄 Bitcoin Dominance (BTC.D) Analysis
BTC dominance is fluctuating between 60% and 61%.
It remains above the Ichimoku cloud but has shifted from a strong bullish trend to a neutral state.
A decline in dominance could favor altcoins, while a breakout above 63% might push the market back toward Bitcoin.
📉 Bearish Scenario & Potential Targets
If selling pressure continues and the $86,000 support is broken, a decline toward $76,000 or even $72,000 is likely.
The presence of a liquidity node within the Ichimoku cloud suggests the market may move toward filling that zone.
The $62,000 level has also been identified as a key liquidity area on lower timeframes (4H), which could become a future target.
📈 Bullish Scenario & Trading Opportunities
If the price stabilizes above $92,000, the next targets will be $97,000 and then $100,000.
A strong reaction in the $83,500–$86,000 range could present a potential buy opportunity.
💡 Proposed Strategy
1️⃣ If strong bearish candles form with high volume, consider short positions targeting $76,000 and $72,000.
2️⃣ If a bullish reaction is observed near $83,500–$86,000, look for a buying opportunity.
3️⃣ Stay updated on fundamental news, as new liquidity inflows could shift the trend.
📌 Final Conclusion
Bitcoin is currently at a critical juncture. If it fails to break key resistance levels, a deeper correction may follow. However, if liquidity enters the market and price stabilizes above key zones, a renewed uptrend is possible. The final decision depends on how the price reacts at these crucial levels. Always practice proper risk management and set stop-losses accordingly. 🚀
Resistance Zone: $100,000 is identified as a key resistance level.
Support Zone: The $83,500–$86,000 range is a strong support area where the price recently showed a reaction.
Additional Critical Levels: If the support fails, $76,000 and $72,000 could serve as potential re-entry points.
📊 Ichimoku Indicator & Technical Signals
The price is currently inside the Ichimoku cloud, indicating a highly volatile and uncertain zone.
If the price stabilizes above the cloud, further upward movement is possible.
However, failure to hold above the cloud increases the likelihood of a deeper correction toward support levels.
📈 RSI (HARSI) Analysis
The indicator has recently been in the overbought zone and is undergoing a correction.
This correction may lead to a slight pullback, providing a re-entry opportunity.
⚡ Market Structure & Overall Trend
Bitcoin has failed to break its previous high but has been forming higher lows.
Recent candlestick formations indicate increasing selling pressure, suggesting a possible price decline.
Observing higher timeframes is crucial to confirm a continued bearish trend.
🔄 Bitcoin Dominance (BTC.D) Analysis
BTC dominance is fluctuating between 60% and 61%.
It remains above the Ichimoku cloud but has shifted from a strong bullish trend to a neutral state.
A decline in dominance could favor altcoins, while a breakout above 63% might push the market back toward Bitcoin.
📉 Bearish Scenario & Potential Targets
If selling pressure continues and the $86,000 support is broken, a decline toward $76,000 or even $72,000 is likely.
The presence of a liquidity node within the Ichimoku cloud suggests the market may move toward filling that zone.
The $62,000 level has also been identified as a key liquidity area on lower timeframes (4H), which could become a future target.
📈 Bullish Scenario & Trading Opportunities
If the price stabilizes above $92,000, the next targets will be $97,000 and then $100,000.
A strong reaction in the $83,500–$86,000 range could present a potential buy opportunity.
💡 Proposed Strategy
1️⃣ If strong bearish candles form with high volume, consider short positions targeting $76,000 and $72,000.
2️⃣ If a bullish reaction is observed near $83,500–$86,000, look for a buying opportunity.
3️⃣ Stay updated on fundamental news, as new liquidity inflows could shift the trend.
📌 Final Conclusion
Bitcoin is currently at a critical juncture. If it fails to break key resistance levels, a deeper correction may follow. However, if liquidity enters the market and price stabilizes above key zones, a renewed uptrend is possible. The final decision depends on how the price reacts at these crucial levels. Always practice proper risk management and set stop-losses accordingly. 🚀
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.
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.