Continue to believe in BTCI. Technical Analysis
(1) Support and Resistance Levels
BTC has a strong support at $80,000. It’s withstood selling pressure multiple times. When the price dropped to $82,000, it rebounded, validating this support. $85,000 and $87,000 act as resistance levels. Failed attempts to break through these thresholds show strong selling above these price points.
(2) Moving Average System
While BTC short - term moving averages are down due to price drops, long - term ones stay upward. This means the long - term uptrend isn’t disrupted. A golden cross may form when short - term averages recover and cross long - term ones, supporting upward movement.
(3) Technical Indicators
RSI shows BTC is in oversold zone, hinting at excessive selling. Market recovery may trigger a price rebound. Although MACD gives a bearish signal, the bearish momentum is weakening, indicating a possible reversal.
💎💎💎 BTC 💎💎💎
🎁 Buy@80500 - 81000
🎁 TP 83000 84000 85000
The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed,Follow the link below to get my daily strategy updates
1-BTCUSD
Bitcoin short term.I follow 5 wave movements in most of my analysis because it gives a good idea about the direction of the movement.
* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose all your money.
89542.51 or higher, the key is whether the price can be maintain
Hello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day today.
-------------------------------------
The April TradingView competition is sponsored by PEPPERSTONE.
Accordingly, we will look at the coins (tokens) and items that can be traded in the competition.
Today, we will talk about the BTCUSD chart for the first time.
-
(BTCUSD 1D chart)
If the price is maintained above the M-Signal indicator on the 1M chart, it can be interpreted that it is in an upward trend in the medium to long term.
Currently, it is showing a short-term uptrend as it rises above the M-Signal indicator on the 1D chart, but it is highly likely that it will continue to rise only if it rises above the M-Signal indicator on the 1W chart.
Therefore, the key is whether it can maintain the price by rising to around 89542.51.
-
We need to see if the OBV is maintained above the middle line and can break through the upper line.
Since the StochRSI indicator is currently in the overbought zone, if there is no increase in trading volume, it is likely to eventually show a downtrend.
If it shows a downtrend, it is expected that it will eventually meet the M-Signal indicator on the 1M chart and determine the trend again.
At this time, we need to check whether there is support near 73589.43.
-
The competition starts on April 1.
As I mentioned in the Binance BTCUSDT chart description, the next volatility period is expected to be around April 5 (April 4-6).
Therefore, we need to check whether the price is maintained above the M-Signal indicator on the 1D chart or above the M-Signal indicator on the 1W chart and decide the position.
In other words, I think it is good to decide the position depending on whether there is support near the original section marked on the 30m chart.
-
It is expected that the key point of this competition will be whether the trading volume can increase and whether the price can be maintained by rising above 89542.51.
-
Thank you for reading to the end.
I hope you have a successful trade.
--------------------------------------------------
- This is an explanation of the big picture.
I used TradingView's INDEX chart to check the entire section of BTC.
I rewrote the previous chart to update it by touching the Fibonacci ratio range of 1.902 (101875.70) ~ 2 (106275.10).
(Previous BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
-
(Current BTCUSD 12M chart)
Based on the currently written Fibonacci ratio, it is displayed up to 3.618 (178910.15).
Fibonacci ratio 0.618 (44234.54) is not expected to fall again.
(BTCUSDT 12M chart)
Looking at the BTCUSDT chart, I think it is around 42283.58.
-
I will explain it again with the BTCUSD chart.
The Fibonacci ratio ranges marked in the light green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges.
In other words, it seems likely to act as a volume profile range.
Therefore, in order to break through this section upward, I think the point to watch is whether it can rise with support near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28).
Therefore, the maximum rising section in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) section.
To do that, we need to look at whether it can rise with support near 2.618 (134018.28).
If it falls after the bull market in 2025, we don't know how far it will fall, but considering the previous decline, we expect it to fall by about -60% to -70%.
So, if the decline starts near the Fibonacci ratio 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54).
I will explain more details when the downtrend starts.
------------------------------------------------------
BTC LONG TP:84,000 31-03-2025Bitcoin is currently presenting a promising bullish formation around the 84,000 mark on both the 1-hour and 2-hour timeframes. This suggests a strong upward momentum developing in the short term. Furthermore, over the next 3 days, we are observing a super bullish setup that indicates the potential for prices to reach between 90,000 and 95,000 by April.
These developments offer an exciting opportunity for traders looking to capitalize on the upward trend. Be sure to follow me closely as we navigate these market movements together and continue to generate profits!
Bitcoin (BTC/USD) 1-Hour Chart Analysis – Professional BreakdownThis BTC/USD 1-hour chart showcases a falling wedge breakout, indicating a potential bullish reversal after a downtrend. The analysis suggests that Bitcoin could move toward its next resistance target of $87,550, offering a profitable long setup for traders. Let's analyze the chart in detail.
1️⃣ Market Context: Understanding the Trend
📉 Previous Downtrend
Before the wedge formation, Bitcoin was in a strong downtrend after reaching a resistance level near $87,000–$88,000.
Sellers took control, creating lower highs and lower lows, forming a descending wedge pattern.
The price declined sharply, reflecting profit-taking, increased supply, and weak demand.
📊 Current Market Setup
Bitcoin found strong support around $81,412, a level where buyers have stepped in multiple times.
The price action compressed into a falling wedge, a classic bullish reversal pattern, indicating that bearish momentum was weakening.
The breakout from the wedge suggests that bulls are regaining control, signaling a potential uptrend.
2️⃣ Key Technical Levels & Market Structure
🔹 Resistance Level ($87,000–$88,000)
This zone has acted as a strong supply area where Bitcoin previously struggled to break through.
If Bitcoin approaches this level again, a break and retest scenario would be ideal for further continuation.
🔹 Support Level ($81,412)
This area has provided multiple bounces, confirming it as a demand zone where buyers are actively defending.
A break below this support would invalidate the bullish setup and could lead to a downward move.
📍 Breakout Confirmation
The falling wedge breakout is confirmed by bullish price action and strong buying pressure.
Bitcoin is now forming higher lows, indicating a potential trend reversal.
3️⃣ Technical Chart Pattern: The Falling Wedge
📌 What is a Falling Wedge?
A falling wedge is a bullish pattern that forms when price consolidates between two converging downward-sloping trendlines before breaking out upward.
✅ Characteristics of a Falling Wedge in This Chart
Series of lower highs and lower lows, forming a contracting price range.
Decreasing bearish momentum, seen by smaller candles near the support zone.
Bullish breakout with strong momentum, signaling a reversal.
💡 Implication:
A breakout from a falling wedge often leads to a strong upward move, especially if volume supports the breakout.
4️⃣ Trading Setup & Strategy
📍 Entry Strategy
A confirmed breakout above the wedge with a strong bullish candle.
A pullback and retest of the breakout level can provide a high-probability entry point.
🎯 Target Levels
Primary Target: $87,550 (Projected based on wedge height).
Extended Target: Above $88,000 if momentum continues.
🛑 Stop-Loss Placement
Below the support zone at $81,412 to minimize risk.
If Bitcoin falls below this level, it invalidates the bullish setup.
5️⃣ Risk & Considerations
⚠️ Potential Risks to Watch
Fake Breakouts: If BTC fails to hold above the breakout level, it could result in a bull trap, causing a price reversal.
Market Volatility: Crypto markets are highly volatile, and external factors (such as macroeconomic news or regulatory updates) could impact price movements.
Resistance Pressure: The $87,000–$88,000 zone could act as a strong resistance, leading to possible consolidation before a decisive move.
✅ Risk Management Tips:
Keep a tight stop-loss below key support.
Adjust position size based on volatility.
Wait for confirmation before entering trades to avoid false breakouts.
6️⃣ Conclusion: Bullish Bias but Caution Advised
📈 Bitcoin is showing signs of a potential uptrend after breaking out from the falling wedge pattern. However, traders should watch for a confirmation of strength before entering long positions.
Key Points to Watch:
BTC needs to hold above $83,500 to sustain bullish momentum.
A strong candle close above $85,000 will further confirm bullish control.
The $87,550–$88,000 resistance zone will be a crucial test for the next move.
🚀 Bullish outlook remains valid unless BTC drops below $81,412.
Hashtags for TradingView Idea
#Bitcoin #BTCUSD #CryptoTrading #TechnicalAnalysis #FallingWedge #CryptoSignals #TradeSetup #TradingStrategy
BITCOIN - Long Idea Trade Update - Let's Talk About It...In this video, I break down the current trade setup and explain how every wave fits into a larger, predictable structure. If you don’t understand where we are within that structure, you won’t be able to take advantage of the waves ahead.
Now is the perfect time to learn AriasWave, and I’m offering it for free when you sign up with Phemex—visit my website for details. Understanding these patterns is crucial because it will benefit you in the long run. It doesn’t matter which crypto exchange you use if you keep losing money. The goal is to trade independently without relying on anyone else.
Right now, we’re on the verge of massive gains, so get ready to see it unfold. You can either capitalize on these opportunities or simply watch the moves happen—it's your choice. Don't miss out on learning how these markets work and making the most of them!
Bitcoin Monthly Candle close colour patterns since 2011We got the expected RED March close but it was a close thing.
but, this creates better Odds for a continued push to ATH.
We have had only 3 occasions when we had a Green Jan, Red Feb, Red March ( arrows)
2 of those went on to an ATH the following Year !
The other one was entering a Bear Market.
Of the previous 7 RED March Closes, 5 were followed by a Green April
And of those 5, 4 were followed by consecutive Green candles closes for the following Months.
As you can see, April, May and June do have more GREEN closes than Red on average but May and June is near 50/50
It could be said that March Candle close was a "Spinning Top", showing in-balance / indecision in the market. This is possibly driven by Macro events.
We had a similar situation in 2012 and April was Green, as were the following months.
We had 2 other occasions with small Red candle bodies in March, both were Hammer Candles, one inverted, that led to a red April, the other was not and let to a green April.
The March close we just had, had a Long Upper Wick. To me, this shows the BEARS had the upper hand, keeping driving down.
And thats OK, PA needed to reset but we now need a GREEN April
Statistically, April should close Green - We currently have a Score of 8 Green to 5 Red month closes for April.
April seems to have opened GREEN and I hope to see it close that colour though we do need Caution
Because of the Colour sequence over recent months, there are not many comparisons to use.
Alpine showing a week level signal
BINANCE:ALPINEUSDT showing a strong weekly level signal. Don't know the reason why, but enjoy and see if it happens.
Basic information:
Alpine F1 Team a chance to engage with the racing brand. Binance promises that the token will "revolutionize the fan experience" by allowing fans to:
Participate in team voting polls
Hunt digital collectibles and purchase NFTs
Enjoy gamification features tied to fan rewards or great experiences
COINBASE:BTCUSD For long-term level, BTC will also reach a higher level, so be patient and do not use any emergency money to buy a long-term style coin.
Bearish Trend Meets Bullish Momentum: Is BTC Ready for a Rebound📉 Bitcoin is currently in a strong bearish trend on higher timeframes, but 📈 the 1-hour timeframe shows a break of structure and bullish momentum. This suggests a potential short-term pullback into the previous range, aligning with the 50% Fibonacci retracement level. 🔄 Additionally, there’s a bearish imbalance above that could be rebalanced. While this presents a possible buy opportunity, ⚠️ it’s a high-risk setup due to the overall bearish trend. Always trade with caution! 🚨
Disclaimer
⚠️ This is not financial advice. Trading involves significant risk, and you should only trade with funds you can afford to lose. Always do your own research and consult a professional if needed. 💡
Bitcoin will reach $180,000 this yearBitcoin’s trajectory is unstoppable—analysts are calling for a climb to $180,000, fueled by institutional adoption, limited supply, and global economic uncertainty. With halving cycles tightening the squeeze and mainstream acceptance soaring, BTC isn’t just a store of value—it’s the financial revolution we’ve been waiting for. Buckle up, the bull run’s coming.
Gold (XAU/USD) Bullish Breakout – Next Targets in SightThis chart of XAU/USD on the 2-hour timeframe shows a strong bullish trend, characterized by break-of-structure (BOS) confirmations and accumulation phases. The price previously found support in an order block, leading to a breakout above key resistance levels. The market has continued to ma ke higher highs, with multiple accumulations fueling the uptrend.
Currently, gold is trading around 3,143 and appears to be targeting the 3,160–3,180 zone. A potential pullback or consolidation may occur before the next leg higher. The bullish momentum remains intact unless a strong reversal signal appears.
TP1: 3,160 (short-term target)
TP2: 3,180 (next resistance zone)
TP3: 3,200+ (if momentum continues)
Watch for a possible pullback before continuation, but as long as the structure holds, the trend remains bullish.
Bullish bounce?The Bitcoin (BTC/USD) has bounced of the pivot which acts as a pullback support and could rise to the 1st resistance that aligns with the 61.8% Fibonacci retracement.
Pivot: 81,264.56
1st Support: 78,172.96
1st Resistance: 86,012.36
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Next Volatility Period: Around April 5 (April 4-6)
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
(BTCUSDT 1M chart)
A new candle has been created as a new month begins.
The StochRSI indicator has fallen below the midpoint, and OBV has been hunting since around October 1, 2024.
As I mentioned before, the StochRSI indicator must fall to the oversold zone and then rise to create a peak in order to draw a trend line between the lows.
Therefore, the point to watch next month is whether the StochRSI indicator can enter the oversold zone.
The key is whether the price can be maintained above 73499.86.
-
(1D chart)
If the current StochRSI indicator creates a peak in the oversold zone, that is, if it closes up, the uptrend line (2) will be completed.
If that happens, we should see whether it can maintain the price by rising above the Fibonacci ratio 2.24 (83646.12) around April 5th.
If not, it is highly likely that it will eventually fall again.
In the explanation of the 1M chart, I said that the StochRSI indicator should enter the oversold zone.
You may think that the price should fall because of this, but you should not necessarily think that the price will fall because the StochRSI indicator may show a downward trend even if the price rises.
In such an ambiguous situation, rather than predicting whether it will rise or fall, you should check whether the current price position is supported or falling and think about whether to respond.
As I said earlier, you should respond depending on whether there is support near the M-Signal indicator on the 1D chart where the arrow is pointing.
This time, you should check in which direction it deviates from the Fibonacci ratio range of 2 (80999.68) ~ 2.24 (83646.12) and think about a response plan.
This movement is expected to appear after the next volatility period, April 4-6.
-
Thank you for reading to the end.
I wish you successful trading.
--------------------------------------------------
- This is an explanation of the big picture.
To check the entire range of BTC, I used TradingView's INDEX chart.
I rewrote the previous chart to update it by touching the Fibonacci ratio range of 1.902 (101875.70) ~ 2 (106275.10).
(Previous BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
-
(Current BTCUSD 12M chart)
Based on the currently written Fibonacci ratio, it is displayed up to 3.618 (178910.15).
It is expected that it will not fall again below the Fibonacci ratio of 0.618 (44234.54).
(BTCUSDT 12M chart)
Based on the BTCUSDT chart, I think it is around 42283.58.
-
I will explain it again with the BTCUSD chart.
The Fibonacci ratio ranges marked in the green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges.
In other words, it seems likely that they will act as volume profile ranges.
Therefore, in order to break through these ranges upward, I think the point of interest is whether they can be supported and rise near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28).
Therefore, the maximum rising range in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) range.
In order to do that, we need to see if it is supported and rises near 2.618 (134018.28).
If it falls after the bull market in 2025, we don't know how far it will fall, but based on the previous decline, we expect it to fall by about -60% to -70%.
Therefore, if it starts to fall near the Fibonacci ratio of 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54).
I will explain more details when the bear market starts.
------------------------------------------------------
SPY/QQQ Plan Your Trade EOD Update : Rejecting The BreakdownDoes this big rejection bar mean the selling trend is over?
I doubt it.
In my opinion and experience, big rejection bars like this reflect a critical price level where the markets will attempt to REVISIT in the near future.
Normally, when we get a big rejection bar, like today, we are testing a critical support/resistance level in price and you can see the difference between the SPY, DIA and QQQ charts.
The QQQ price data is already below the critical support level and barely trying to get back above the rejection level. Whereas the SPY and DIA are still above the rejection lows.
I see this as a technology driven breakdown and because of the continued CAPTIAL SHIFT, we may move into a broader WAVE-C breakdown of this current trend.
I see the SPY already completing a Wave-A and Wave-B. If this breakdown plays out like I expect, we'll see a bigger breakdown in price targeting $525-535, then possibly reaching $495-505 as the immediate ultimate low.
If you follow my research, there is a much lower level near $465-475 that is still a likely downward target level, but we'll have to see how price reacts over the next 2+ days before we can determine if that level is still a valid target.
Watch for more support near recent lows tomorrow, then a potential breakdown in the SPY/QQQ/DIA.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
BTC - 1H Clean Liquidity Hunt & Bearish Continuation BINANCE:BTCUSDT - 1H Update
Bitcoin remains in a bearish trend on the 4H and daily timeframes. After hunting the liquidity above the resistance zone, price began to drop exactly from our shared short entry at 83,700—and it's now on the move toward deeper targets.
🔹 Key Insights:
BTC grabbed liquidity just above resistance before reversing.
Price is now likely heading toward the liquidation zone below the support, aligning with the broader downtrend.
This setup offered a perfect short opportunity from $83,700, with clearly defined targets and risk.
🎯 Last Target: 80,200
💡 Congrats to all who followed our signal! The move is unfolding as expected.
📊 Stay locked in for the next big setups—follow for precise, real-time trade ideas! 🔔
BTCUSD: Bollinger squeeze paving the way for $160k.Bitcoin remains marginally neutral on its 1W technical outlook (RSI = 46.017, MACD = 2013.300, ADX = 45.410) and started last week a Bollinger Bands squeeze process. This squeeze has been present inside the 2.5 year Channel Up every time after it bottomed. Only July-August 2024 made a slightly lower low because the squeeze process turned out to be longer. Even in the event, what follows all Bollinger squeezes is an expansion rally, especially after a 1W STOCH RSI Bullish Cross and the pattern shows that by this September, we can reach $160,000.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
BTC is expected to hit 85000-86000 again, or even higherBTC has once again built a strong double bottom structural support in the 82000-81000 zone. BTC is likely to continue to rise. Once it breaks through the short-term resistance area near 83600, BTC may usher in a wave of accelerated rise and has the potential to continue to the 85000-86000 zone.
So we can still go long on BTC in the 82500-81500 zone. In addition, once BTC rises as expected, it is likely to grab the market share of gold, so it may also accelerate the decline of gold to a certain extent. This is a point we must be careful about next.
The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
ITS TIME , FINAL WAVE FOR BITCOIN HAS BEGAN The final wave for Bitcoin has officially started; 200k by September 2025 is the call. So far, since October 2024, we have been getting every macro move correct. Going to avoid repeating a lot of content from the previous two TAs; check it out below.
The lower high on the RSI called the momentum shift on this one; it was clear.
December 17th, 2024, calling for a pullback down to 82k for wave 4 to complete; it hit 77k, pretty close.
So last time, I was wrestling with two different dates for a cycle top; the first one was May 2025, and the second was September 2025.
It is clear to me now that mid to late September 2025, Bitcoin will peak at around 200k. It could go slightly higher, but the 185-200k region has a higher outcome.
So, I've been using this small-time Fib, and last time when we hit the 0.618, it was the breakout week for Bitcoin from the long range. We're here again; this week is the big pivot and start of wave 5.
The hash ribbon has confirmed a buy signal, and more importantly, it flashed buy in my Time Fibonacci week. Amazing. If you've been with me for years, you already know that this is the best signal for Bitcoin there is. It is so damn good; this gives so much more weight to my thesis.
Stars seem to align again. They constantly try to shake you out; this is the game. Who is going to fade the hash ribbon buy? It's been the easiest play time and time again.
Seriously, though, for just a moment—are you really going to fade the hash ribbon? :)
Bitcoin's Rocky Quarter: Tariffs, Whales, and Volatility Loom
Bitcoin's first quarter of 2025 has concluded with a whimper, marking its worst Q1 performance since the tumultuous bear market of 2018.1 While gold has surged to record highs, fueled by geopolitical tensions and US trade tariffs, Bitcoin has struggled to maintain momentum, leaving traders bracing for potential further volatility. This week’s preview reveals a confluence of factors that could significantly impact Bitcoin's price trajectory.
A Disappointing First Quarter
The initial months of 2025 were anticipated to be a period of growth for Bitcoin, particularly with the anticipation surrounding the halving event. However, the cryptocurrency failed to deliver on these expectations. Instead, it experienced a period of stagnation and even decline, contrasting sharply with the robust performance of traditional safe-haven assets like gold.
Several factors contributed to this underwhelming performance. The escalating trade tensions, particularly the US tariffs, have injected uncertainty into global markets, diverting capital towards established safe-haven assets.
Tariffs and Trade Tensions: A Persistent Headwind
The US imposition of trade tariffs has emerged as a significant headwind for Bitcoin. These tariffs, designed to protect domestic industries, have disrupted global trade flows and created a climate of economic uncertainty.2 Investors, wary of potential market disruptions, have sought refuge in traditional safe-haven assets like gold, which has historically outperformed during periods of economic instability.
The impact of these tariffs extends beyond immediate market reactions. They signal a potential shift towards protectionist policies, which could have long-term implications for global trade and investment flows. Bitcoin, often touted as a decentralized and borderless asset, is particularly vulnerable to disruptions in global trade and capital flows.
Whale Activity and Market Manipulation
Adding to the complexity of the market is the activity of large Bitcoin holders, often referred to as "whales."3 These entities, possessing significant amounts of Bitcoin, can exert considerable influence on market prices through large buy or sell orders. Recent observations suggest increased whale activity, potentially contributing to the volatility and price fluctuations.
Concerns about market manipulation have also resurfaced. The decentralized nature of Bitcoin, while a core strength, also presents challenges in terms of regulation and oversight. This lack of centralized control can create opportunities for manipulation, leading to price swings that are not necessarily reflective of fundamental market dynamics.
Bitcoin Bears Tighten Grip: Where’s the Next Support?
The recent price action indicates that Bitcoin bears are tightening their grip. The failure to sustain upward momentum has emboldened sellers, leading to a downward trend. Traders are now closely monitoring key support levels, anticipating potential further declines.
Identifying these support levels is crucial for understanding the potential trajectory of Bitcoin's price. Technical analysis, using tools like Fibonacci retracement levels and moving averages, can help traders identify potential areas of support where buying pressure may emerge. However, the volatile nature of Bitcoin makes it challenging to predict these levels with certainty.
Gold vs. Bitcoin: A Comparative Analysis
The stark contrast between gold's recent performance and Bitcoin's struggles has reignited the debate about their respective roles as safe-haven assets. Gold, with its long history and established reputation, has benefited from the current climate of uncertainty.
However, Bitcoin proponents argue that its decentralized nature and limited supply make it a superior store of value in the long term. The comparison between the two assets highlights the evolving nature of safe-haven assets and the growing acceptance of digital currencies. The quote "Gold has taken 26 years to 10X. Bitcoin has taken 4 years to 10X" shows the potential for rapid growth, but also its volatility.
Looking Ahead: Volatility and Uncertainty
The coming week promises to be a period of significant volatility for Bitcoin. Traders should brace for potential price swings, driven by a combination of factors, including:
• Continued Trade Tensions: The ongoing trade disputes and potential for further tariffs are likely to continue to impact market sentiment.
• Whale Activity: Large buy or sell orders from whales could trigger significant price fluctuations.
• Regulatory Developments: Any regulatory announcements or policy changes could have a substantial impact on Bitcoin's price.
• Macroeconomic Factors: Inflation data, interest rate decisions, and other macroeconomic indicators will continue to influence investor behavior.
•
In conclusion, Bitcoin's disappointing first quarter has set the stage for a period of heightened volatility. The confluence of trade tensions, whale activity, and market manipulation creates a challenging environment for traders. While the long-term potential of Bitcoin remains a subject of debate, the immediate future is marked by uncertainty and the need for caution.
BITCOIN - Long Trade Idea - We have Wave 3 Confirmation...We have had confirmation of Wave 3 In Progress.
I will be initially looking to target the .786 retracement back to the highs.
Check out the related videos down below for the full coverage of this trade.
Stay tuned for more updates.
Target $102,886
Stop: $81,274