MAJOR SUPPORT AND RESISTANCE OF BTC BASED ON ORDER BLOCKSCurrent Price Action
Bitcoin is trading around $93,041, showing a consolidation pattern after recent price volatility.
The price action suggests Bitcoin is in a critical zone where traders are watching for directional clues.
Support Levels
$92,000 (Immediate Support):
This level has served as intraday support in recent trading sessions.
High trading volumes were observed near this level, suggesting strong buyer interest.
$90,000 (Psychological Support):
Round numbers like $90,000 act as psychological barriers.
Historically, Bitcoin has respected such levels during both upward and downward movements.
$88,500 (Technical Support):
This level aligns with previous consolidation zones and Fibonacci retracement levels (e.g., the 38.2% retracement from the recent rally).
$85,000 (Major Support Zone):
Represents a deeper correction level but remains a critical support based on long-term moving averages (e.g., the 50-day EMA).
Resistance Levels
$94,500 (Immediate Resistance):
Current trading activity shows selling pressure near this level.
Historically, it aligns with a minor peak from earlier price actions.
$96,000 (Strong Technical Resistance):
Close to the upper boundary of recent trading channels.
Converges with key Fibonacci levels (e.g., 61.8% retracement from the last major drop).
$98,000 - $100,000 (Major Resistance):
$100,000 is a significant psychological level for traders.
Breaking this level would signal a strong bullish trend, likely leading to new all-time highs.
Above $100,000:
If Bitcoin crosses $100,000, potential resistance zones could emerge at $105,000 and $110,000 based on historical extensions and trader sentiment.
Other Key Indicators
Moving Averages:
Bitcoin is trading above the 20-day moving average (~$91,500), which is a bullish signal.
The 50-day and 200-day moving averages (~$88,000 and $80,000, respectively) are major support zones.
Relative Strength Index (RSI):
RSI is near 60, indicating neutral-to-bullish momentum. A move above 70 could signal overbought conditions.
Volume Profile:
High trading volume around $92,000–$93,000 suggests significant activity, marking this as a key price region.
Summary
Supports: $92,000 → $90,000 → $88,500 → $85,000.
Resistances: $94,500 → $96,000 → $100,000.
Traders should watch for breakouts or breakdowns at these levels to determine the next price trend.
1-BTCUSD
A bit of Hopium - FTX payouts tomorrow. What's next for the mark8 months to the assumed end of the cycle.
ETFs and everything else are already priced in. However, incoming money flows are not yet factored into the price of the cryptocurrency market. This creates a unique opportunity for those who can anticipate where liquidity will flow next.
I think you all have noticed that capital/liquidity from Bitcoin is not moving into altcoins — at least not yet. Bitcoin remains the "safe haven" for institutional investors, while altcoins remain underappreciated. But if ETFs for altcoins are approved, it will be a very different situation. The floodgates could open, and we might see unprecedented inflows into projects like Ethereum, Cardano, and even meme coins like Dogecoin.
FTX payouts are on February 18 — that's tomorrow.
This event is critical. Many creditors have been waiting for years to recover their funds. With Ethereum staking ETFs potentially approved in the second quarter, this could coincide with the next FTX payouts, creating a perfect storm of liquidity entering the market.
Let’s remember the 2020 FTX debt buybacks at $0.3 per dollar, then $0.4, and the last one I heard was at $0.8 per dollar. Someone had a lot of confidence that payouts would be made. And where do you think the $10–15 billion of capital will go? Most likely to altcoins, because Samuel Bankman-Fried was the king of altcoins.
There is an assumption that if something triggers the printing press or quantitative easing, but nobody believes in that now.
Central banks are tightening monetary policy, and inflation is slowly coming under control. However, the crypto market operates differently. It thrives on speculation, innovation, and adoption. All of the top altcoins will be priced significantly higher as new narratives emerge.
The challenge is to hold our portfolios! Volatility is inevitable, but patience will pay off.
If there is a correction in early March, here are the projects with potential ETFs:
ETH staking
LTC
ADA
DOGE
XLM
XRP
HBAR
This is in case there is a drop in March. Corrections are healthy for the market, allowing new buyers to enter at lower prices.
Spring can turn positive very quickly.
The best scenario is a green close of the February candle — momentum on Bitcoin. If BTC holds above key support levels, we could see a bullish Q2.
In the second half of March, we need to get in what we didn’t manage to get in the market, in case there is no drop in early March. Timing is crucial, but so is preparation.
Additional Catalysts to Watch For:
There are many catalysts that I don’t write about, but they could happen:
Introduction of Basic Income
Unexpected ETF bids: Regulatory approvals often come faster than expected.
Countries building reserves of BTC or other altcoins : Nations like El Salvador have already started adopting Bitcoin. Others may follow suit, especially as geopolitical tensions rise.
It’s going to be a super positive year. Stay positive.
The future is very clear, but for some reason, a lot of people are losing faith.
Prices go up — I’m sure of this scenario. Prices go down — I’m sure of this scenario. There’s no point in making a fuss when you know what’s ahead. I don’t know why people lose faith in their beliefs in the moment.
In a market like this, when it’s suddenly not obvious, it’s because you’re competing with a completely different category of players. Believing in your beliefs will be an advantage in this market, especially for people who are not big capital.
Stay strong and focused.
Best regards EXCAVO
Monthly chart Bitcoin, playing out just as expectedIn this analysis, we’ll explore how big news events and market behavior affect Bitcoin's price, focusing on political changes.
Impact of Big News Events:
- When significant news hits, like a change in government, it can drive markets in a certain direction. For example, when Trump won the election, it created a surge of energy that pushed Bitcoin’s price up.
- This shows how big events and public sentiment can cause major shifts in cryptocurrency prices.
Technical Analysis and Market Behavior:
- Technical analysis looks at how traders' emotions and predictions shape market movements. For instance, traders often use the Fibonacci sequence to make trading decisions.
Current Market Situation:
- The chart shows we are experiencing a sell-off, which is a temporary drop in price. This drop is part of a normal correction that we expect to bounce back up from the trend line.
- We’re in the second wave of this new trendline. Elliot wave theory means you can generally expect 5 waves before a major reversal.
The next upward move is expected after all the selling has settled, especially in the long green candle area. (Imbalance to be filled)
Expected Market Behavior:
- In cryptocurrency trading, it’s common to see prices dip below trend lines before bouncing back up strongly.
- We can expect Bitcoin to dip further below the trendline before bouncing back up with more force, like a trampoline. This is 100% necessary to absorb the liquidity of market makers, retail investors, and institutional long positions to rally the digital asset to new heights 😎
That being said, Never trade more than you can afford to lose. DYOR, and keep in mind black swan events can happen like a major war to shift the trend line a different direction
BTC/USDT Chart Update !! BTC/USDT price movement over some time from mid-2020 to early 2025.
Price Action: Prices have experienced significant fluctuations, forming a series of peaks and troughs. The recent price has been around 84,618 USDT.
Resistance Level: The highlighted area around 96,500 USDT indicates a potential resistance level that the price may struggle to break.
Technical Pattern: The chart suggests a “cup and handle” formation, indicating a potential bullish trend if the price breaks through the resistance.
Recent Decline: The current decline of around 12.09% suggests a correction or retracement may be in store after the recent rally.
It would be prudent to monitor market news and technical indicators for the latest updates to anticipate future price movements.
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
75k is INEVITABLE.I published my idea on BINANCE:BTCUSDT how it is forming Double Top pattern and indicators are making divergences in late January. Since BTC hit our first take profit point we might expect little bit of pullbacks and see if it is gonna react to 91k area, but Volume is not looking good that means we might see red candles all the way to 75k area. 75k area was major resistance zone which would work as support this time.
Bitcoin trending down amid Trump's policy uncertainty
Investors withdrew over 30.7k BTC, lowering the bitcoin Balance on Exchanges to about 2.725 mln BTC, indicating lower market liquidity. ETF investors continue redeeming for the seventh consecutive day, with a two-day outflow totaling over 1300 mln USD. Reduced liquidity could trigger a sudden price rebound if selling pressure on ETF eases.
BTCUSD broke below 86500 and formed a lower low. The price is below both EMAs, indicating the persistent bearish momentum. If BTCUSD breaks above 86500, the price may retest the following resistance at 91100. Conversely, a retracement before resuming its downtrend to the support at 73200 may prompt a return to the resistance at 86500.
Intraday Setup: BTC/USD Supply Zone & Target Area🔹Bitcoin (BTC/USD) 30-Minute Chart Analysis
-▪️ Supply Zone Identified: Price has reacted to a resistance area around 88,752, where sellers previously took control.
-▪️ Bearish Structure: The market remains in a downtrend, with price rejecting the supply zone.
- ▪️Projected Movement: A possible retest of the supply zone before further downside towards the target area near 85,314.
-▪️ Key Levels:
- Resistance: 88,752 (Supply Zone)
- Support/Target: 85,314
▪️Conclusion:
Bitcoin is likely to remain bearish, with short opportunities near the supply zone and a potential move towards lower support levels.
😊Don't Forget To Hit The Like Button & Share Your Thoughts In Comments.
BITCOIN hit the MA200 (1d)! Massive Support, strong rebound veryBTCUSD is trading inside a Channel Down pattern, which almost hit today the MA200 (1d).
The last time Bitcoin traded on this level was October 14th 2024.
Technically, this is not just a short term Channel Down bottom buy signal but also a long term buy opportunity for the remainder of the Bull Cycle.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 99000 (+22.48% rise like the previous bullish wave).
Tips:
1. The RSI (1d) is massively oversold, dipping below 30.00 for the first time since the August 5th 2024 bottom. This is a massive long term buy signal.
Please like, follow and comment!!
SPY/QQQ Plan Your Trade Afternoon Update For 2-26-25Please take a moment to watch this video, in which I share my techniques and highlight what I believe will be the next setup phase for the SPY/QQQ, Gold, Silver, and Bitcoin.
It looks like the selling pressure is nearly over, and I think the shift to a moderate recovery rally could set up over the next 24-48 hours.
It could be a good setup for skilled traders.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Bitcoin back to $75,000 from here?Seems like that guy Michael Saylor, the CEO of Strategy just wasted hundreds of millions of dollars by buying $1.99 billion worth of Bitcoin at an average price of $97,514 per bitcoin, right before the drop down below $80k to probable $75k area.
Rushing to buy at highs like that instead of being smart about it and loading much more at the dips is hard to understand.
Up or DownAs we can see in the chart, on December 24th, Bitcoin's price reached its climax, moving cleanly without further structures to follow. Since then, the price has formed micro-structures and is now attempting to create a much larger one that would allow it to advance—a megaphone pattern (D).
If this megaphone were completed with an upward move today, it could catapult the price above $149K. With each passing day, the potential price target increases. However, to form the full megaphone, a base had to be established, which is what we are seeing now. On December 24th, a structure was formed that facilitates a return to the $107K level and also helps determine the price range where the megaphone's base (C) could be finalized, between $86K and $77.6K.
Today, a bull flag (B) has formed within a falling wedge (A), and the price movements align with this pattern, which aims to return to the apex before continuing the upward move. However, even if the price surges due to the bull flag breakout, I believe it might retrace again to continue building the base of the megaphone, which is quite broad.
BTC Weekly Analysis (1W)First and foremost, keep in mind that this is a weekly analysis, and along the way, Bitcoin may experience upward bounces from daily or hourly support levels.
From the point where we placed the green arrow on the chart, Bitcoin started forming a diametric pattern, and with the recent drop, the bullish scenario has strengthened, canceling Bitcoin’s previous triangle formation.
The price has now entered wave F. The green zone is where wave F could potentially complete.
June is the month when this corrective wave (wave F) is expected to end.
Wave G is a bullish wave, and its target could be the red zone.
A weekly candle close below the invalidation level will invalidate this outlook and analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BTC UPThe price of Bitcoin has dropped to $84,676.29, reflecting a 4.52% decline. The chart highlights a sharp downward trend followed by potential recovery, indicated by two upward arrows.
Key levels marked include a resistance zone around $89,460 and a higher potential target near $94,000. The volume bars at the bottom show trading activity, while the right panel lists other market assets and their percentage changes. A news alert at the bottom mentions Bitcoin falling below $84K for the first time in three months.
The analysis suggests a possible bounce back towards resistance levels, but market conditions remain volatile.
Bitcoin "Crash" 2025Bitcoin started a more significant correction recently, which is scaring many people, and there is already a lot of talk about the beginning of the Bear market.
In my view, the upward trend is still intact, and this could very well be a healthy correction to prepare for a more significant rise in the coming months.
We have an important support level at $75K which has confluence with the 3D SMMA which has already proven to be strong in the past, I think there will be some reaction and that could very well be the end of this correction, but as long as the price manages to stay above $70K I will remain bullish and looking for Longs.
It is important to note that the Fear and Greed indicator is at 21, with Bitcoin at $84K.
Bitcoin - Med-Term OutlookThe current BINANCE:BTCUSDT chart is forming an EXP model (turquoise), indicating a potential correction before the next phase of active growth.
Main Scenario
The most likely development suggests a price retracement to the $80,845 – $77,890 range (purple zone), corresponding to unclosed gaps on CME. This range is positioned above the 100% level of the model ($75,949), making it an optimal area for the completion of the correction before the continuation of the upward movement.
Two possible correction paths:
1️⃣ Decline from current levels – BTC gradually breaks local support, tests the 4th point of the model (~$91,341), and then moves towards the CME Gap area.
2️⃣ ATH breakout ($109,354) before a decline – A short-term rally is possible before a deep correction into the $80,000 – $77,000 range.
After testing this zone, a reversal movement may form, with targets at the 1st point of the model ($109,354) and beyond. Final confirmation of the uptrend will depend on further market dynamics.
Once this cycle is completed, a transition to the altcoin growth phase can be expected.
Secondary Scenario
Under favorable conditions, BTC may avoid a correction into the CME Gap zone and continue its upward movement without retesting support levels. However, in the current market structure, this scenario remains less probable.
Alternative Scenario
In the event of an extended correction, BTC could break the 100% model level ($75,949) and test the 200% level ($63,226).
Such a development may occur due to external market shocks, leading to mass liquidations of margin positions. However, even in this case, a rapid price recovery is expected.