BTC at 77K! Correction or Another Pump Incoming?GM crypto bro's! Today, the fear & greed index holds steady at 75, still in Greed status. Stoch RSI remains in the overbought zone.
BTC's peak is at 77K, yet it hasn't visited our expected correction range of 73K-70K. Overall, today's outlook mirrors yesterday's, with correction and pump potentials intact.
The market is still riding high on greed—stay safe, avoid FOMO, and manage your risks wisely. That’s it for today’s crypto update. I’m Akki, one chart at a time. Have a nice day & stay SAFU!
Bitcoin-btcusd
Bitcoin - The Beginning Of The Next Phase!Bitcoin ( BITSTAMP:BTCUSD ) is finally breaking all resistance:
Click chart above to see the detailed analysis👆🏻
Patience once again paid off after Bitcoin has been retesting the previous all time high for about 250 days, not really being able to create a sustainable breakout. But now, after all this waiting, things are happening pretty quickly and Bitcoin is on its way to the magical $100.000 level.
Levels to watch: $70.000, $100.000, $300.000
Keep your long term vision,
Philip (BasicTrading)
"BTCUSDT Aiming for 82,000 USDT ResistanceCurrently, BTCUSDT is trading within a very solid long-term price channel. With the current price fluctuating around 75,672 USDT and showing minimal change compared to yesterday, the bullish momentum remains strong.
It is anticipated that BTCUSDT could soon progress toward the potential resistance level of around 82,000 USDT at the upper boundary of the price channel.
BTC Eyeing a Correction? Watch These Key Levels!GM crypto bro's! Today, the fear & greed index is at 75 in Greed status. Stoch RSI is now entering the overbought area.
Market outlook remains consistent with yesterday's analysis. Current BTC action hints at a high probability of correction in the 73K-70K range, while the potential pump target stays in the 79K-80K zone.
The market is still driven by greed—stay safe, avoid FOMO, and manage your risks as always. That's it for today’s crypto update. I’m Akki, one chart at a time. Have a nice day & stay SAFU!
BITCOIN Will Keep Growing! Buy!
Hello,Traders!
BITCOIN keeps growing
And we are seeing a
Strong bullish breakout
Of the key level around 74k$
Which reinforces our bullish
Bias and we will be expecting
A further move up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
BTC BULL CASE 07/11/2024📉 BTC/USDT Update 📉
The current 5-wave upward pattern appears to be complete, and the presence of bearish divergences on the 15-minute, 1-hour, and 4-hour timeframes indicates a likely downward correction. Additionally, the declining volume supports this outlook, suggesting potential weakness in the upward momentum.
🔸 Confirmation Level:
A break below $75,600 would confirm the start of a corrective move.
🔸 Target Zones:
Initial Support: $72,000 - $71,700
Deeper Support: 0.61-0.7 Fibonacci levels, around $70,800 - $69,800
If BTC holds these levels, a rebound could take the price toward $82,000 - $85,000, indicating the continuation of the bullish trend. However, a break below $66,000 would mark a bearish shift, opening the door to potential targets in the $44,000 - $37,000 range.
Disclaimer:
⚠️ This is not financial advice! All information provided is for educational purposes only. Always conduct your own research before making any investment decisions. Trading carries a high risk and may result in the loss of capital
Bitcoin - Fractals and PerspectivesThe willingness to learn, however, changes everything.
Active traders treat market analysis with an open attitude and they are interested in learning how to analyze the market structure. They combine concepts such as trends, patterns, and support and resistance to actively improve their analysis and trading skills. These traders are real manual traders.
This article is intended for those in the latter group, the learners and active traders. We will explain how you can understand the market with more clarity.
The Market is Fractal of Nature
Does the market move erratically? Or is there an order behind the chaos?
According to the Chaos Theory, the apparent randomness of chaotic complex systems depend on their initial conditions. The concept is not that complicated as it seems: basically the ‘chaotic’ behavior is really not as chaotic as it seems.
Simply said, there are underlying patterns that repeat in a similar way on all scales. This phenomenon can be seen in both natural systems, like weather and climate, and artificial elements like road traffic and economics.
And yes, this includes the financial markets in general. The market is Fractal in nature, which means that similar price patterns repeat on all time frames.
So I started researching fractals a few years ago. Many fractals have worked out, in some cases partially worked out, the study is a process of learning and growth.
I want to share it with you today.
Why it works I have already said in previous posts - because all the same asset managers all the same algorithms all the same emotions and all the same actions people make in this or that situation. The nature of human behavior cannot be deceived. that's why fractals repeat themselves.
I have selected all the structures of reversal and further perspectives of charts
The main indicators :
1. this is the formation of the bottom
2. Holding levels
3. Formation of a horizontal strong level and its breakdown
That's all bitcoin has done in the last year.
What's next?
Statistics I found only one fractal after which we update the bottom.
No rolling growth 4 fractals
And most of them are 20-40 sideways and up.
All fractals are below.
These are all the fractals I want to share with you.
Best Regards EXCAVO
Bitcoin Approaches Important Support Zone, Waiting for New BreakBitcoin is currently trading around $69,962 after a slight correction and touching the support zone between $68,102 and $68,976. This price zone has proven to be a strong support zone in the short term. The 4-hour chart shows that the price is in a consolidation and accumulation phase after the previous strong rally, with the 34 EMA and 89 EMA acting as dynamic support levels.
If the price holds the support zone and does not break below, Bitcoin could continue to fluctuate and form a short-term bottom pattern in this area before retesting the resistance level at $70,182. If this level is broken, a further uptrend could emerge with a target towards the $72,718 zone.
However, in a negative scenario, if the price breaks below the current support zone, BTC could face further downward pressure towards lower support levels. Investors need to closely monitor fluctuations and macro news that affect the market.
BTCUSD price analysis: Prospects of intact price increaseBTCUSD is currently trading around 67,957, continuing the recent decline. Despite the pressure on Bitcoin, the long -term prospect is still positive, because it continues to move in the parallel channel.
Looking at the technical indicators, we see that BTC has maintained its position on EMA 34 and EMA 89, signaling the potential for reversing. It is expected that, after checking the lower boundaries of this main canal and the ema, the price increases may continue. This can cause Bitcoin to aim for higher goals, capable of reaching new high levels over 73,000.
What do you think about this view? Do you believe that Bitcoin has enough power to maintain its position in the price increase or is there a stronger risk of decline?
BTC Hits 76K! Next Stop: 80K or Correction?GM crypto bro's! Fear & greed index now at 77 in Extreme Greed, and stoch RSI is shifting from oversold to overbought.
BTC finally reached our previous target of 76K! So, what’s next? Typically, after a solid pump, a correction follows, with potential dips to 73K-70K. If the momentum continues, we could see BTC eyeing the 79K-80K range.
Market’s hot with extreme greed, so stay safe and avoid FOMO—manage risk as always. That’s it for today’s update. I’m Akki, one chart at a time. Have a nice day & stay SAFU!
BTCUSD Can it repeat Nikkei's 80s mania phase?This is of course a highly speculative but fun chart between Bitcoin / BTCUSD and Nikkei.
As you can see Bitcoin has been following Nikkei's post 1950 parabolic curve up to the point that it tested the 1month MA50 and rebounded aggressively to cross above the curve.
That was Nikkei's 80s Mania Phase that inflated the economic Bubble that burst emphatically and caused hyperinflation, not allowing Japan to recover up to this date.
Bitcoin is based on that comparison on a similar pre-breakout situation.
If it does break above the parabolic curve, which will mean a new narrative for Bitcoin with industry wide adoption and commerce use, we should be seeing (again based on this Nikkei comparison) an extension to the 10 Fibonacci level.
Previous chart:
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BTC Diamond Ser ?- While bears see bearish pennants, I see diamonds in the rough.
- I remain bullish, not due to the price, but for the sake of humanity.
- This isn’t an analysis, just a light-hearted joke, so please don’t roast me too hard! 🙏.
- Remember, diamonds are forever.
- Hodl!
Happy Tr4Ding!
Bitcoin Breaks or Fakes? Eyeing the $79K Target!🚀💥 Bitcoin Breaks or Fakes? Eyeing the $79K Target! 💡💰
Hey everyone, it's been a while! If you've missed my voice, let's dive right back into it and see what Bitcoin has been cooking up. The BTC price has been flirting with the $66,320 level, hitting it for the sixth time now, as seen on the descending channel. Historically, the third and sixth attempts have shown the highest chances of a breakout, so is this the moment we’ve been waiting for?
If Bitcoin does break out this time, we could be looking at a potential rise to $79,000. While there are some mild resistances around $69K, $70K, and $71K, the major target remains $79K.
The exchange reserve data shows a significant drop, indicating fewer people are moving Bitcoin to exchanges to sell—an encouraging sign that could be pointing toward a potential rally to new highs.
Zooming into the 15-minute chart, we’ve seen two rejections after hitting resistance. However, the third attempt, if successful, could trigger the next leg up. On the downside, we have solid support at $65,322 that has been tested, and buyers seem ready to jump back in below the $60K mark.
I’m bullish on Bitcoin and keeping an eye on this breakout. If it happens today, we could be well on our way to $79,000.
Let me know your thoughts in the comments below! I’ll keep you posted on the latest developments.
One Love,
The FXPROFESSOR 💙
Where Can Bitcoin Go? Part 3 (Chart)This is the video as well:
📈🌐 Where Can Bitcoin Go? Part 3: Revisiting the Big Chart and Preparing for the Next Breakout 🚀💡
Hey everyone! FX Professor here, and it’s time to revisit what I call my 'Big Chart' as we continue our exploration into Bitcoin’s future price movements.
Back in March 2023, Bitcoin was trading below $25,000, and today, we’re looking at how the landscape has shifted and what we can expect moving forward.
In this post, we’re sticking purely to technical analysis—focusing on Bitcoin’s halving cycles, my 3 major key trend lines, and the overall technical structure that has proven reliable over the years.
Key Insights:
Halving Cycles & All-Time Highs:
Historically, all-time highs have followed 548 to 565 days after a halving event. Could we see similar patterns play out in 2025?
Trend Line Mastery:
My Big Chart tracks three critical trend lines that have been instrumental in identifying breakout and support zones. These levels continue to offer crucial guidance.
February 2024 Breakout:
Earlier this year, we had a major breakout in February, leading to a test of the $73,000 level. After some consolidation, what comes next?
What to Watch Next:
We’ve seen Bitcoin break out above major resistance levels after finding strong support around $58,800. This support is part of an ascending trend, meaning it will rise as the price continues upward.
As we could be approaching the $100,000 zone, the question is:
Will we hit all-time highs (peaks) earlier than usual? (pattern says end of 2025).
With a strong possibility of achieving this 400 to 450 days after the halving, we could see this sooner than expected (550 days historical pattern)
Major Levels:
Support:
Currently, the key support level is at $58,800, but as the price trends upward, this level is ascending and will be rising as time goes by.
Resistance:
The next major resistance is at $105,800. A break above this could propel Bitcoin to new all-time highs. This will be the third attempt (the green 3, if you know you know!)
The journey continues! Follow along as we track Bitcoin’s path toward new highs. Drop your comments below, and let me know what you think!
One Love,
The FXPROFESSOR 💙
Part 1:https://www.tradingview.com/chart/BTCUSDT/yifcqKZB-Where-can-Bitcoin-Go/
Part 2:
and remember:
Give me some energy !!!Finally, Bitcoin managed to go above the cup and handle resistance in the weekly timeframe, but it hasn't fully broken it yet. We need to wait for the weekly candle to close above this resistance. If that happens, we can anticipate the biggest rally in Bitcoin's history. That's it!!!
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Trump is another name for #bitcoin's parabolic movements!🟢#Trump’s influence, especially in 2016, created a huge shift in the political arena, and this increased people’s interest in alternative financial systems like #Bitcoin.
🟢2016 was a time when Bitcoin started to be noticed by the wider public.
🟢Now, with Trump’s return, there will be a similar wave of excitement in CRYPTOCAP:BTC and the crypto markets.
🟢Interest in assets like #BTC will increase, especially when there is a lack of trust in traditional economic systems or a search for alternative solutions.
BTC Poised for a Breakout: Will Bulls or Bears Take Control?hello guys.
let's analyze BTC
Ascending Channel: BTC is trending within an upward channel, with a broken resistance line acting as support, indicating a bullish trend.
Scenarios Outlined:
Scenario 1 (Bullish): BTC could continue its upward movement, aiming for $74,000 and potentially $76,000 if momentum holds. This scenario suggests a strong rally after breaking through resistance levels.
Scenario 2 (Pullback): BTC may pull back to retest the $66,000–$67,000 range, which would be a healthy correction within the trend. This level could provide a solid support base before the next upward move.
Key Support and Resistance Zones:
Support Zone: Around $66,000, where Scenario 2 will likely play out if a correction occurs.
Resistance Zone: Between $74,000 and $76,000, a potential target for a bullish continuation.
In summary, BTC is currently at a decision point. A breakout above the $74,000–$76,000 zone could lead to a sustained rally, while a retest of the $66,000 support could provide a better entry for bulls. Watch closely for price action at these levels!
BTC Surges to 71K! Will 76K Be the Next Target?GM crypto bro's! Fear & greed index remains at 70 (greed zone), with stoch RSI signaling potential relief from oversold conditions.
Our previous outlook pointed to a dip around 64K-63K, but BTC took a turn, correcting only to 66K and now pumping to 71K. On the H4, a small correction around 70K may be on the horizon, with the pump target still set at 76K.
Crypto is dynamic, probability is a probability—stay safe, manage risk, avoid FOMO. That’s it for today’s update. I’m Akki, one chart at a time. Have a nice day & stay SAFU.
Bitcoin is volatile#bitcoin #btc is trying to break the falling channel just before the elections results. CRYPTOCAP:BTC price has tested 4H ichimoku span resistance zone and for now just declined there. Further declinations will weaken the structure. Very volatile few days we' ll see. Avoid high leverage positions and take care for your funds. Just a friendly reminder.