The highly anticipated first crypto summit under Donald Trump’s influence has concluded, leaving the market largely disappointed. As expected, the U.S. government will not allocate funds from its known budget to buy more Bitcoin to increase its holdings. However, they have also confirmed they will not sell their existing Bitcoin holdings. This neutral stance neither adds bullish momentum nor signals a massive sell-off, leaving market participants with mixed emotions.
The overall sentiment remains bearish as speculative hype fades, and Bitcoin struggles under inflated price levels. Many traders expected a more favorable regulatory outlook or direct government involvement, but these hopes were crushed. This lack of a bullish catalyst aligns with our previous predictions of a downtrend, which has played out according to our algorithmic projections.
Downtrend Confirmation and Support Levels
Bitcoin’s price action has followed our forecasted downtrend, hitting the first major target levels:
Entry Point: $93,700
Take Profit 1 (TP1): $85,205 ✅ (Hit)
Take Profit 2 (TP2): $76,710 (Next Target)
Take Profit 3 (TP3): $68,210 (Final Downside Target)
These levels also serve as key support zones based on historical price action and algorithmic calculations.
What’s Next? Our Predictions
Price to Drop Towards $76K: Given the bearish momentum, Bitcoin is expected to decline further, testing the $76,000 support level.
Short-Term Retest of $80K: After reaching $76K, a short-term retracement to $80K is likely, acting as a psychological resistance.
Final Leg Down to $70K: The broader trend remains bearish, and Bitcoin is still overvalued. After a minor bounce, the price is projected to continue its descent toward $70,000.
This corrective movement aligns with the exhaustion of market hype. As we always say: traders profit by buying low and selling high, not by chasing hype.
Indicator Analysis: Bearish Bias Remains Strong
Wave Trend and Multi-Timeframe Analysis:
1D and 1W Timeframes: Both are showing a bearish trend since mid-January 2025, confirming the downward momentum.
4H and 1H Charts: Some mixed signals appear, suggesting minor pullbacks, but the overall structure remains bearish.
15M Timeframe: Small bullish corrections are visible, aligning with the expected $80K retest before further downside.
Smart Money Concepts (SMC) and Donchian Cloud:
Break of Structure (BOS): Multiple BOS confirmations indicate a continuation of the downtrend.
Order Blocks: No strong bullish order blocks suggest significant institutional buy interest yet.
Donchian Baseline (50/200): Price remains below the 50-period Donchian baseline, confirming a bearish bias.
Final Thoughts: The Trend Remains Bearish
Bitcoin’s failure to maintain bullish momentum post-Trump’s summit confirms that speculation alone is not enough to sustain prices at high levels. The market has now transitioned into a correction phase, which aligns with our broader forecast that Bitcoin’s price remains inflated.
Our roadmap remains clear:
Short-Term Target: $76K
Minor Recovery: $80K Retest
Final Downside Target: $70K
Traders should remain cautious and avoid falling for temporary hype. The real opportunity lies in disciplined trading—buying low, selling high, and managing risk effectively. Stay patient, follow the data, and let the market unfold as expected.
This is not a investment advice , we say only what we see in the charts. Good luck guys
The overall sentiment remains bearish as speculative hype fades, and Bitcoin struggles under inflated price levels. Many traders expected a more favorable regulatory outlook or direct government involvement, but these hopes were crushed. This lack of a bullish catalyst aligns with our previous predictions of a downtrend, which has played out according to our algorithmic projections.
- Technical Analysis: Bitcoin’s Price Movement and Future Expectations
Downtrend Confirmation and Support Levels
Bitcoin’s price action has followed our forecasted downtrend, hitting the first major target levels:
Entry Point: $93,700
Take Profit 1 (TP1): $85,205 ✅ (Hit)
Take Profit 2 (TP2): $76,710 (Next Target)
Take Profit 3 (TP3): $68,210 (Final Downside Target)
These levels also serve as key support zones based on historical price action and algorithmic calculations.
What’s Next? Our Predictions
Price to Drop Towards $76K: Given the bearish momentum, Bitcoin is expected to decline further, testing the $76,000 support level.
Short-Term Retest of $80K: After reaching $76K, a short-term retracement to $80K is likely, acting as a psychological resistance.
Final Leg Down to $70K: The broader trend remains bearish, and Bitcoin is still overvalued. After a minor bounce, the price is projected to continue its descent toward $70,000.
This corrective movement aligns with the exhaustion of market hype. As we always say: traders profit by buying low and selling high, not by chasing hype.
Indicator Analysis: Bearish Bias Remains Strong
Wave Trend and Multi-Timeframe Analysis:
1D and 1W Timeframes: Both are showing a bearish trend since mid-January 2025, confirming the downward momentum.
4H and 1H Charts: Some mixed signals appear, suggesting minor pullbacks, but the overall structure remains bearish.
15M Timeframe: Small bullish corrections are visible, aligning with the expected $80K retest before further downside.
Smart Money Concepts (SMC) and Donchian Cloud:
Break of Structure (BOS): Multiple BOS confirmations indicate a continuation of the downtrend.
Order Blocks: No strong bullish order blocks suggest significant institutional buy interest yet.
Donchian Baseline (50/200): Price remains below the 50-period Donchian baseline, confirming a bearish bias.
Final Thoughts: The Trend Remains Bearish
Bitcoin’s failure to maintain bullish momentum post-Trump’s summit confirms that speculation alone is not enough to sustain prices at high levels. The market has now transitioned into a correction phase, which aligns with our broader forecast that Bitcoin’s price remains inflated.
Our roadmap remains clear:
Short-Term Target: $76K
Minor Recovery: $80K Retest
Final Downside Target: $70K
Traders should remain cautious and avoid falling for temporary hype. The real opportunity lies in disciplined trading—buying low, selling high, and managing risk effectively. Stay patient, follow the data, and let the market unfold as expected.
This is not a investment advice , we say only what we see in the charts. Good luck guys
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.