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Bitcoin (Cryptocurrency)

#BTC #BTCUSD #BTCUSDT #Bitcoin #Analysis #DUMP #MarkDown #Eddy#BTC #BTCUSD #BTCUSDT #Bitcoin #Analysis #DUMP #MarkDown #Eddy It was my mistake to give a big short analysis of Bitcoin before the distribution structure was formed. Currently, by combining the analytical styles of Dow Theory & Wyckoff Theory with the combination of the classical price action technical analysis, RTM & ICT, we are witnessing confirmation of the market decline, while the majority have a bullish view of the market, having fallen into the trap of the market maker. Look for a heavy Bitcoin sell position from the marked premium area, don't forget to get confirmation based on your style and manage risk and capital. My Bitcoin Big Short Setup Targets :
by Eddy_Trade_
12
Bitcoin's Bullish Momentum Continues!Hey traders, here's an exciting update on Bitcoin! In our last analysis, we discussed how BTC was testing the critical $93,800–$94,200 level, and guess what? Bulls have delivered!" 📈 "As you can see in the updated chart, Bitcoin has surged past the $94,000 zone and is now approaching the Bullish Week level at $95,772. This shows strong buyer momentum as BTC continues to hold above key support zones." 💪 Key Observations: 1️⃣ Support Retest Held Strong: Bitcoin successfully held the $93,800–$94,200 range, flipping it into a firm support base. 2️⃣ New Resistance Tested: BTC is now battling with the $95,772 Bullish Week level. Clearing this level could open the door to the next key target at $96,600+, aligning with the swing highs above. ⚡ What’s Next? "If BTC can close above $95,800, the path toward $96,600 and potentially $98,000 becomes a real possibility. However, watch for any pullbacks to retest the $94,000 zone, which should act as strong support if the bullish trend holds." 🛠️ "For now, bulls are in full control, and the momentum is clearly favoring upside action. Let us know in the comments where you think Bitcoin is heading next!" 🎥 "Don't forget to like, subscribe, and hit the notification bell for more Bitcoin trading updates!" #Bitcoin #BTC #Crypto #Bullish
by peteramner
Bitcoin's 2024 Halving to 2025 Peak: Will BTC Reach $294K?📌Historical Observations - 2012 Halving → 2013 Top: Duration: ~1 year. Price increase: ~8,600% (from ~$12 to ~$1,150). - 2016 Halving → 2017 Top: Duration: ~1.5 years. Price increase: ~2,900% (from ~$650 to ~$19,500). - 2020 Halving → 2021 Top: Duration: ~1.5 years. Price increase: ~900% (from ~$8,600 to ~$69,000). - 2024 Halving → Projected 2025 Top: Halving price: ~$64,000. 📌Identified Patterns - Time from Halving to Peak: Peaks occur around 1.33 to 1.5 years after the halving. - Diminishing Returns: Growth rates decrease with each cycle: 2012 to 2016: ~66% reduction in returns. 2016 to 2020: ~69% reduction in returns. Expected reduction for 2024 cycle: ~60-70%. 📌Projection for the 2024 Cycle Duration to Peak: Add 1.33 to 1.5 years to the halving date (April 2024). Projected top: June to October 2025. Price Growth: Assuming diminishing returns, we estimate 300% to 360% price growth from the halving price. Next Top Price=Halving Price×(1+Growth Rate) 300% growth: $64,000 × 4 = $256,000. 360% growth: $64,000 × 4.6 = $294,400. 📌Final Projection Next Bitcoin Peak Price: Estimated between $256,000 and $294,400. Timing: Likely between June and October 2025. Here’s to a successful and prosperous trading year ahead! 🎉 You’ve got this! Let’s make 2025 your best trading year yet. ~ Rich
BITSTAMP:BTCUSDLong
by TheSignalyst
25
BTC ShortThe chart reveals a classic distribution pattern in the Bitcoin market, marked by a significant peak followed by a consolidation phase. Distribution occurs after a strong uptrend, and as the price stalls and starts to move lower, it signals a potential reversal. Our target is set at the 50% retracement level of the upmove, located around $78,682. This level represents a key support area and is a typical target for a corrective pullback after a distribution phase. Price has shown weakness at the recent highs, and as we move forward, we anticipate further downside toward this target zone which would offer a nice buying opportunity in discount for further upside.
Short
by SerenityEquity
5
Technical Analysis: Bitcoin (BTC) – Regular Bearish DivergenceTechnical Analysis: Bitcoin (BTC) – Regular Bearish Divergence Hello! T he recent technical analysis for Bitcoin (BTC) highlights the presence of a regular bearish divergence between the price and the Relative Strength Index (RSI) indicator. This divergence, marked by the yellow lines on the chart, signals a potential reversal in the short-term trend and suggests a bearish outlook for the coming days or weeks. Understanding the Divergence A regular bearish divergence occurs when the price of an asset forms higher highs, while the RSI forms lower highs. This indicates weakening momentum, even as the price reaches new peaks. The yellow lines on the TradingView chart clearly illustrate this pattern for Bitcoin. Price Action: Bitcoin has recorded higher highs on the price chart. RSI Behavior: The RSI indicator, however, has failed to mirror this pattern, instead forming lower highs. This discrepancy points to diminishing bullish momentum and the likelihood of an upcoming price correction. Short-Term Bearish Implications Given the regular bearish divergence, Bitcoin’s price is expected to experience a pullback in the short term. Traders should be cautious, as this divergence often precedes a period of downward movement. Key support levels, such as $93,000 and $92,000, should be monitored closely to assess the depth of the correction. Long-Term Bullish Outlook While the short-term trend leans bearish, the long-term perspective for Bitcoin remains bullish. Several macroeconomic factors, including increasing institutional adoption, favorable regulatory developments, and a growing use case for cryptocurrencies, continue to support the long-term upward trajectory of BTC. This macroeconomic backdrop suggests that any short-term price corrections could present buying opportunities for long-term investors. Key Takeaways The yellow lines on the TradingView chart highlight a regular bearish divergence between Bitcoin’s price and the RSI indicator. This divergence signals a likely short-term bearish trend, with a potential price correction on the horizon. Long-term trends remain bullish, supported by macroeconomic factors and Bitcoin’s robust fundamentals. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions. Regards, Ely
BITSTAMP:BTCUSDShort
by Elysian_Mind
HEAD AND SHOULDERS: NOT JUST A SHAMPOO Alright, traders, buckle up. 🚀 What you’re looking at isn’t just a chart—it’s a warning shot. 💥 📉 Head and Shoulders? Classic textbook stuff. But don’t get comfortable. That neckline at 68,285 isn’t just a pretty yellow line—it’s the price’s last line of defense before it nosedives into the abyss. 🕳️ Let’s connect the dots: Momentum? Fading faster than New Year’s resolutions. 🗓️ (👀 at that RSI—she’s screaming bearish.) Buyers? They’re running out of steam, and it’s not looking pretty for the bulls. 🐂💨 But here’s the kicker: 🎯 When (not if) that line breaks, the price could freefall faster than your hopes in a Monday morning meeting. 💸📉 So, what’s your play? 🤔 Sit there, fingers crossed 🤞, hoping the neckline holds? Or take action, position yourself, and ride the wave down like the shark 🦈 you are? Your choice. But remember—trading isn’t about hoping; it’s about acting. 💪 Let’s see who’s ready to capitalize and who’s stuck waiting on miracles. 👀 💬 Feel free to screenshot this when the price hits new lows and say you were here first.
BITSTAMP:BTCUSDShort
by RoadToAMillionClub
166
HelenP. I Bitcoin can break support level and fall to 88KHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price rebounded from the trend line and rose to the support level, which coincided with the support zone. Then price some time traded below the support level and later finally broke it. After this, BTC rose a little and then made a correction to the support zone, after which it turned around and started to grow to a resistance level. When the price reached the resistance level, which coincided with the resistance zone, it made a correction movement to the support zone, after which at once turned around and started to grow back. Later BTC reached the resistance level and broke it, after which grew to 108400 points and then dropped to the support level, breaking the resistance level. Then BTC some time traded near support level and then rebounded and tried to grow. But recently it fell back to this level, which coincided with the trend line, and continues to trades close. For this reason, I expect that BTCUSDt will make a small movement up. After this, the price turns around and starts to fall, breaking the trend line with the support level, after which make retest, or not and continue to fall. Therefore I set my goal at 88000 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
3
NOTHING !!After breaking the descending wedge, the price fell to the support line. As you can see, the price has now formed an ascending wedge, which is promising. The price could rise to FWB:98K or more than after breaking this wedge, but considering the Christmas holidays, this might take a bit longer. 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.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
Long
by CobraVanguard
12
Bitcoin’s Year-End Surge: Bulls Take ControlBitcoin is looking incredibly bullish as it closes the year with strong momentum. The chart shows a textbook breakout pattern with plenty of room for upside. Let’s break it down: 1. Breakout Above Key Resistance BTC has smashed through the critical resistance zone around $93,000–$94,000, as shown by the large volume profile on the left side of the chart. This area was previously a heavy consolidation zone, meaning a lot of buyers and sellers were active there. Breaking above this level on strong volume signals a shift in market sentiment, with bulls firmly in control. 2. Bullish Retest in Progress After the breakout, Bitcoin is now retesting the $93,800–$94,200 level. This is a key area to watch because flipping it into support confirms the breakout. If BTC holds this zone and bounces, it sets the stage for the next leg higher. This kind of retest is a hallmark of strong bullish trends. 3. Clear Upside Targets The chart shows multiple key levels above the current price: $94,800 (Daily Close Level): The first resistance zone, which BTC is already eyeing. $95,400–$96,000 (Swing High Levels): Once BTC clears $95,000, these levels are natural magnets for price action. The stacked targets suggest there’s plenty of room for Bitcoin to climb higher as long as it maintains momentum. 4. Momentum is Building The colorful ribbon around price shows a strong upward trend, with clear bullish momentum. Combined with the surge in volume during the breakout, this indicates buyers are stepping in with conviction. A sustained move above $94,000 will likely attract even more traders and institutions. 5. Strong Weekly and Daily Closes Closing the day or week above critical levels like $93,800 and $94,200 would solidify Bitcoin’s bullish case. These closes are key for confirming trends and giving confidence to market participants. What’s Next? If BTC holds the retest zone around $93,800–$94,200, we could see a rally toward $95,000+ very soon. The next major resistance is around $96,000, and breaking that level could open the door for a run toward $97,000–$98,000. Final Thoughts: Bitcoin’s breakout above a major resistance zone, combined with strong volume and a bullish retest, paints a highly favorable picture for the bulls. Keep an eye on the $93,800–$94,200 zone—if it holds, BTC could soar higher as it closes the year with a bang.
by peteramner
"Don’t Delude Yourself": Elon Musk's Harsh Advice For TeslaBulls"Don’t delude yourself into thinking something’s working when it’s not, or you’re gonna get fixated on a bad solution." This stark warning from Elon Musk serves as a poignant reminder not just for his ventures but for investors and enthusiasts following Tesla. The allure of Tesla’s innovative spirit and its groundbreaking promises in self-driving technology and robotics has captured imaginations and driven its stock to impressive highs. However, a critical examination suggests that the company’s current trajectory might not be as promising as the stock prices suggest. Firstly, Tesla's ambitious Full Self-Driving (FSD) capability continues to be a work in progress, much like the early days of a start-up experimenting in uncharted territories—not the polished product one might expect from a company valued as highly as Tesla. Despite years of development, Tesla remains significantly behind industry leaders like Waymo in terms of true autonomous driving technologies. Waymo, with its laser-focused approach on autonomy and years of extensive testing and data, has clearly established a substantial lead. Betting on Tesla catching up soon is more a gamble than a sound investment strategy. Moreover, there is a significant cultural and political aspect to consider. The idea that conservative segments of the market, often characterized stereotypically as rednecks and Republicans, will suddenly pivot and embrace Tesla en masse is far-fetched. Market penetration into these demographics involves more than just offering a compelling product; it requires aligning with broader lifestyle choices and values, areas where Tesla has not traditionally held sway. The optimism surrounding Tesla's AI robot, Optimus, also requires tempering. In its current form, Optimus is not poised to revolutionize the industry. Competitors are already showcasing more advanced and practical applications of robotics that overshadow Tesla’s attempts. The robot’s performance has not been encouraging, and banking on it to become a market leader is optimistic at best. Considering these elements, Tesla's vision of dominating the robotaxi market appears overly ambitious. The technological lag, combined with regulatory hurdles and public skepticism, adds layers of uncertainty to this goal. With predictions like a less than 25% chance of Tesla launching its Cybercab before 2030, the company's future in this arena seems precarious. Given these factors, it's an opportune moment for savvy investors to reflect on the wisdom of Bill Gates, who is reportedly shorting Tesla stock. The disparity between Tesla’s market valuation and its actual progress in critical areas suggests that the stock might be poised for a significant correction. Investors might do well to consider whether Tesla, at its current valuation, truly reflects its intrinsic worth or if it is, as Musk warns, a fixation on a "bad solution." While Tesla undoubtedly continues to innovate and push boundaries in many areas, the pragmatic approach would be to prepare for a potential downturn in its stock value, possibly back to around $200. This would more accurately reflect the company's current state in the competitive landscape and its technological advancements, or lack thereof. As always, the key to successful investing is to see through the hype and base decisions on solid, realistic assessments of technology and market trends.
NASDAQ:TSLAShort
by UnitedFreedomJapan
1
Bitcoin (BTC/USDT) - End of 2024 - Daily Price ConsolidationBitcoin (BTC/USDT) price is currently in a short-term downtrend and consolidation pattern (end of December 2024). Bitcoin price needs to hold above $92,000 to $90,000 to avoid a daily bearish head-and-shoulders resistance price pattern. Support Levels to the downside currently are: $92000, $90000, $87610, $85000, $81000, $76000. Resistance levels to the upside currently are: $96500, $100000, $105000, $108000, $110000, $120000. Daily and Weekly price consolidation is ongoing, and Bitcoin is seeking to establish the next higher-low support price. Note: breaking news, corporate news, government law changes, stock market correlations, and crypto events can affect and override technical chart patterns. Date: 12/30/2024 pm
by NoFomoCharts
About BTC Analysis and Averaging Down... Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (USDT 1D chart) I think USDT provides funds that support the coin market. Therefore, it has a big impact on the coin market. If this USDT gap continues to decline, I think the coin market is likely to turn into a downtrend. I think the gap decline of USDT or USDC is a sign that funds are flowing out of the coin market. (USDC 1D chart) I think that the current continuous inflow of funds into USDC is preventing the coin market from turning into a downtrend. However, I think that the impact of USDC on the coin market will be short-term because it has a lower impact than USDT. USDC cannot form a USDC market on exchanges around the world, so it cannot help but have a lower impact than USDT. Therefore, when USDT maintains a gap downtrend, if USDC also shows a gap downtrend, the coin market is expected to show a large decline. ---------------------------------------- (BTCUSDT 1W chart) As a new candle is created, the HA-High indicator on the 1W chart will be created at the 94742.35 point. Accordingly, the support around 94742.35 is an important issue. If it falls without support, 1st: 87.8K-89K 2nd: 79.9K-80K You should check the support around the 1st and 2nd above. However, since the M-Signal indicator on the 1W chart is rising around 83.6K, it is important to check whether there is support when the M-Signal indicator on the 1W chart is touched. - (1D chart) After passing the volatility period around December 27, it eventually reached the lower part of the sideways section. Therefore, even if it continues to fall further, the key is whether it can touch the 92K-93.5K area and rise above 94742.35. The next volatility period is expected to be around January 10, 2025. ------------------------------------------- When the average purchase price falls below the average purchase price, it is best to cut your loss at the cut-off point. However, from a mid- to long-term investment perspective, there are cases where you cannot cut your loss unconditionally just because the price falls, and you may have missed the time to respond. In this case, you should eventually purchase more to lower the average purchase price and sell when it rebounds. This is called averaging down. The basic principle of averaging down is that you must purchase more than the current purchase principal. (Usually in the stock market, you purchase more than the number of shares you currently own.) Since decimal trading is possible in the coin market, there is an advantage of being able to purchase the purchase principal amount rather than the number of coins (tokens) you own. In that case, the average purchase price will fall more than you think. Therefore, in the coin market, having cash is very important. If you have spare funds (cash), you can cut losses between 50% and 100% of the purchase principal when the price falls below the cut-off point, or you can respond without cutting losses at all. If you do not have spare funds (cash), you should cut losses near the cut-off point. At this time, it is important to secure cash by selling more than 50% of the purchase principal. - If you can manage your investment ratio as explained above, the next important thing is when to make additional purchases. If you bought when the price fell by -10% as I mentioned in the previous "Example of how to trade without being able to analyze charts" idea, then when the price falls by -10% again, it is the time to make additional purchases. Instead, you should purchase additional stocks that you bought according to your own standards when the price rebounds, lower the average purchase price, and then sell them when the price rebounds. In other words, the additional funds purchased must be sold when the price rebounds. Otherwise, when it falls below the average purchase price again, the funds for the next additional purchase will increase significantly, so you will end up giving up without doing anything. The important thing here is to know how much the original purchase principal was before you start averaging down. The reason is that when you purchase additionally and then rebound and sell the amount of the additional funds purchased, the number of coins (tokens) remaining may change. If you purchase additionally and the price rebounds, but it does not rise above the average purchase price and shows signs of falling, it is considered a loss from the overall trading perspective. However, since you sell the amount of the additional purchase when the price rebounds, it is likely to be a profit when looking at the average purchase price of the additional purchase. In other words, the coins (tokens) for that profit will remain. Therefore, if you do not know the original purchase principal, you may end up investing excessive funds the next time you purchase additional funds. Excessive investment of funds can eventually be applied due to psychological anxiety and pressure, which can cause you to make inappropriate transactions. I will publish how to select the timing of additional purchases when I have the next opportunity. However, you should select it by looking at the movements of the StochRSI, BW, DOM auxiliary indicators added to this chart and the M-Signal indicators on the 1D, 1W, and 1M charts. At this time, if there are support and resistance points drawn on the 1M, 1W, and 1D charts, you can trade based on whether there is support or not. Since the MS-Signal indicator on this chart is the standard for trend reversal, you can use it. However, it is recommended to proceed with additional purchases based on the 1D chart. - Thank you for reading to the end. I hope you have a successful transaction. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire section of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
1
ETH/BTC Long-Term Bullish Scenario 2025-2035 TAThe Mother of #ALTS Show is here to provide comprehensive insights on how we plan to navigate and capitalize on the current cycle of #ALTSeason. This season is crucial for traders and investors focusing on Ethereum and other altcoins. Current Market Phase: The crypto market is presently in the Disbelief Phase. This phase is typically observed in the market cycle following a downturn, where sentiment remains cautious and investors are skeptical about any potential recovery. This phase is particularly evident in Ethereum and several altcoins, where prices have reached significant lows. Market Strategy: Our strategy revolves around identifying and seizing opportunities at these low levels. History has shown that during the Disbelief Phase, those who invest wisely often reap substantial rewards during the subsequent phases. As the market begins to recover, we anticipate a sharp increase in the value of altcoins, leading to regret for those who did not invest when prices were at their lowest. Target for #ETH/BTC Pair: Our primary target for the #ETH/BTC pair is to reach around 0.5 BTC per Ethereum. This target is based on historical data and technical analysis trends, indicating a robust potential for growth as the market transitions out of the Disbelief Phase. Future Market Outlook: Post this recovery, we predict a new crypto winter, a period characterized by stagnation or decline in crypto prices. This crypto winter is expected to last until approximately 2033-2035. This extended period will likely lead to a consolidation phase where market participants recalibrate their strategies, setting the stage for the next cycle. Technical Analysis Perspective: Our main scenario for this #altseason is closely aligned with the #Ethereum Technical Analysis (TA). By closely following TA patterns and leveraging historical data, we anticipate a market trend that mirrors past cycles, providing a framework for making informed decisions. In summary, this cycle of #ALTSeason presents a significant opportunity for those who are prepared to act strategically during the Disbelief Phase. By setting ambitious targets and preparing for the long-term market outlook, investors can position themselves for success in the ever-evolving crypto landscape. Please don’t waste your time; the time to act is now, ahead of the anticipated market shifts.
Long
by CryptoPtoTA
Bitcoin Retested A Major Support To The Dollar!Greetings Traders, I hope you all had a Merry Christmas and are bracing yourself for a massively bullish new year full of health and wealth along the way. Today, we have seen Bitcoin retest our major support (previously resistance). Remember, this trendline was drawn from the wick high of April 2021 to the wick high of November 2021. I then extended this line infinitely to the right. This gave me my end of year target for 2024 a year and a half in advance. It has proven to be significant in the previous weeks as we bumped our heads up against it as resistance. Now, it has proven to be support. Should we break to the downside of this trendline, the drop would be pretty big and I would re-analyze and update at that point. For now, our trendline is holding price above 92k and we have bounced nicely. You all should have this line drawn on your Bitcoin chart. I don't care what any other analyst states (I really don't know any others that have spotted this TL), this line is critical! Watch it closely. ✌️ Stew
INDEX:BTCUSDLong
by stewdamus
1
MicroStrategy Buys the Dip Amidst $BTC Crash to $92KThe cryptocurrency market witnessed another headline-grabbing move by MicroStrategy as the firm added 2,138 BTC to its holdings for $209 million. While Bitcoin’s price experiences a significant dip, this acquisition reflects a continued belief in its long-term potential. Let’s dive into the technical and fundamental aspects of Bitcoin’s current state. MicroStrategy’s Strategic Buy On Monday, MicroStrategy announced its latest Bitcoin purchase, acquiring 2,138 BTC at an average price of $97,837. This marks yet another chapter in the company’s aggressive Bitcoin accumulation strategy. However, critics like Peter Schiff were quick to note that these purchases are involving less capital, and the acquisition price consistently overshoots the market rate. Despite such criticism, MicroStrategy’s move underscores institutional confidence in Bitcoin’s long-term trajectory. The company’s continued investment is seen as a vote of confidence amidst bearish market sentiment, reinforcing Bitcoin’s role as a digital store of value. Technical Analysis Bitcoin’s price action is currently confined within a horizontal channel, with support at $92,200–$94,200 and resistance at $98,700–$101,000. As of now, CRYPTOCAP:BTC is testing the lower boundary of this channel. A decisive move in either direction could dictate the asset’s next major trend. Bullish Scenario Should buyers step in with strength, Bitcoin could rebound and retest the $98,700–$101,000 resistance zone. A breakout above this level may act as a catalyst for further gains, potentially marking the start of a sustained uptrend. Historically, Bitcoin has shown a tendency to gain momentum after the New Year’s pause, making January 8, 2024, a key date to watch for heightened volatility and potential upside movement. Bearish Scenario Conversely, a breakdown below the $92,200 support could trigger a retest of the $90,800 level. A more severe downturn might lead to Bitcoin revisiting its major support at $85,000. This psychological level will play a pivotal role in determining whether BTC can stage a trend reversal or face further downside as sellers shake out weak hands. Market Sentiment and Outlook The broader market sentiment remains cautious as Bitcoin’s price consolidates within its current range. MicroStrategy’s recent purchase has injected some optimism, but the market awaits stronger signals of a directional move. Traders are closely monitoring the $101,000 resistance level, which could act as a springboard for greater gains if breached. Conclusion Bitcoin’s price is at a critical juncture, with key support and resistance levels in focus. MicroStrategy’s continued investment highlights institutional confidence, while technical indicators suggest potential for both recovery and further downside. As the market navigates this pivotal phase, all eyes are on Bitcoin’s next move, which could shape its trajectory for the months ahead.
BINANCE:BTCUSDLong
by DEXWireNews
1
Fartcoin/Usdt BITGET:FARTCOINUSDT ### FartCoin Current Price Structure - **Current Price:** The price of FartCoin is currently **0.8353**. This is a key price level that could determine whether the coin moves upwards or downwards in the near future. It's crucial to observe whether the price holds here or if it moves significantly. ### Resistance Levels Resistance levels are price points where the coin is expected to face selling pressure, which could prevent the price from going higher. These levels act like "ceilings" in the market, and traders watch them closely because if the price reaches one of these levels, it could struggle to break through without a significant increase in buying volume. For FartCoin, the resistance levels are: - **0.100**: This is a very low resistance level, meaning FartCoin may face a bit of resistance here, but it’s likely part of a short-term price structure. - **1.124**: If the price reaches here, expect more significant resistance. The market may start to slow down or reverse, so watch closely for any signs of price rejection. - **1.33**: This is another key resistance level. If the price reaches 1.33, it would signal strong resistance, and the coin may have difficulty moving higher unless there’s a surge in buying interest. ### Support Levels Support levels are where the price tends to find buying interest. When the price reaches a support level, traders might buy, which can push the price higher. If the price falls below a support level, it might indicate further downside potential. For FartCoin, the support levels are: - **0.7000**: If the price drops to 0.7000, this could be a level where buying pressure may increase, potentially helping the price bounce back up. - **0.5000**: If the price continues to fall and reaches 0.5000, it is considered a stronger support level. This could be a point where investors see an opportunity to buy, potentially leading to a rebound in price. ### What to Watch For - **Price Holding at 0.8353:** If the price holds around this level (0.8353), it could potentially test the resistance levels, especially if there is enough buying interest. This would suggest a bullish outlook where the price might continue to climb toward those resistance levels of 1.124 and 1.33. - **Price Dropping Below 0.7000:** If the price doesn't hold above 0.8353 and drops below 0.7000, it could be a sign that FartCoin is moving into a bearish phase. In this case, the next major support level would be around 0.5000, and traders would watch for signs of stabilization or reversal there. Disclaimer : Not Financial Advice
by Wolftrader1337
30/12/24 Weekly outlookLast weeks high: $99,988.07 Last weeks low: $92,529.54 Midpoint: $96,258.81 As the year comes to an end, we have a split week with new years day landing on Wednesday. The yearly candle starts @ $42,300, blasted past the previous ATH @ $69,000 and is now $90,000-100,000 a huge climb in the second straight green year for Bitcoin, all eyes on the yearly close! Historically the yearly close can be fairly uneventful as some portfolio rebalancing & tax implications are taken into account in some countries around the world, so for BTC to close around the current price would be very positive. Going into 2025, history suggests that the 3rd year of a Bullrun is the final year and so part of planning for 2025 will include some sort of exit strategy. Now I do believe that crypto is here to stay long term and this year has proven that with mainstream ETFs, government acceptance and in some case embrace, also businesses adding BTC to their balance sheet and more and companies accepting crypto as payment. All extremely positive for the space cementing cryptos mass adoption. For this week if we do see any move of note I believe it will be later in the week once the bigger players return to work, but I'm also conscious of January 20th when the presidential inauguration takes place. After that date there really shouldn't be too much holding back the continuation of the Bullrun.
by ProR35
Bitcoin can exit from pennant and then start to grow to 103KHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price started to trades inside the pennant, where it rebounded from the support line and rose almost to the support level, which coincided with the buyer zone. In the pennant pattern, BTC started to grow inside the upward channel, where it broke the 92600 level and then rose to the channel's resistance line, after which made a correction. Next, the price continued to grow and later rose to the resistance level, which coincided with the seller zone and then made a correction movement to the buyer zone. After this, the price continued to move up inside the channel, where it soon reached the 103000 resistance level and broke it. Next, BTC reached the channel's resistance line, which coincided with the resistance line of the pennant, and made a strong impulse down to the support line of the pennant, exiting from the channel and breaking the resistance level. After this movement, the price turned around and started to grow near the support line of the pennant and now I think that BTC can exit from the pennant and fall to the support level. Then it will turn around and start to grow to a 103000 resistance level, which is my TP. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
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