Breaking: Bitcoin Crosses $104,000 , Defying Market ExpectationsBitcoin ( CRYPTOCAP:BTC ) has achieved a significant milestone, breaking through the psychological resistance level of $100,000 and trading as high as $104,000. This 4.27% surge has positioned BTC as the focal point of global financial discussions. However, with the Relative Strength Index (RSI) indicating overbought conditions, traders are left questioning whether the rally can sustain its momentum or if a correction is imminent.
Technical Analysis:
BTC’s move above the $100,000 resistance level highlights its bullish momentum. However, traders should remain cautious, as overbought signals from the RSI suggest the possibility of a near-term correction. Immediate support lies at the 38.2% Fibonacci retracement level, a critical technical zone that could act as a buffer against potential selling pressure.
Should CRYPTOCAP:BTC break below this support, the price may dip toward the one-month low of $90,000. Such a move could trigger a massive sell-off, further intensifying bearish sentiment. Conversely, maintaining the current momentum above $100,000 could pave the way for BTC to explore new all-time highs, fueled by increased institutional and retail interest.
Miners Bolster BTC Reserves
Recent data underscores the pivotal role of U.S.-based cryptocurrency miners in Bitcoin’s growth trajectory. As of December 2024, miners have doubled their BTC reserves to nearly 100,000 coins, raising over $3.7 billion since November to bolster their holdings.
Top players such as Marathon Digital Holdings (40,435 BTC), Riot Platforms (16,728 BTC), and CleanSpark (10,097 BTC) lead the charge. Their "HODL" strategy—holding rather than selling mined Bitcoin—has not only strengthened their balance sheets but also amplified investor confidence. This is reflected in rising stock valuations for these firms, showcasing the synergy between strategic asset accumulation and market sentiment.
Key Drivers Behind Miner Resilience
1. Market Conditions: Lower Bitcoin prices in early 2024 allowed miners to acquire BTC at discounted rates.
2. Technological Advancements: The adoption of efficient mining equipment and energy optimization strategies enabled miners to enhance profitability.
3. Price Recovery: The late 2024 Bitcoin rally increased the value of miners’ reserves, positioning them advantageously in the current market landscape.
Challenges on the Horizon
Despite their impressive growth, U.S.-based miners face mounting challenges. Rising global hash rates, driven by increased competition from international miners, are squeezing profit margins. Furthermore, the upcoming Bitcoin halving in April 2024—which will reduce mining rewards by 50%—poses an additional hurdle. Miners will need to innovate, optimize operations, and explore diversified revenue streams to remain competitive.
Market Sentiment and Macroeconomic Factors
Bitcoin’s latest surge also aligns with macroeconomic developments. The cryptocurrency has gained 7.85% in the past week, fueled by speculation around the upcoming inauguration of Donald Trump on January 20. Market participants anticipate favorable regulatory policies under the new administration, further boosting confidence in digital assets.
Outlook
At a market cap exceeding $2 trillion, Bitcoin’s ascent to $104,000 signifies both the resilience of the crypto market and the strategic maneuvers of key industry players. However, the overbought RSI, coupled with potential resistance at higher levels, necessitates vigilance among traders and investors.
While the long-term outlook for Bitcoin remains bullish, near-term corrections could provide strategic entry points for those seeking to capitalize on its upward trajectory. As miners continue to accumulate reserves and innovate, their role in shaping Bitcoin’s future will be pivotal in navigating the challenges of an evolving crypto ecosystem.
Bitcoinprediction
GOLD is ready to fly againXAUUSD Gold is showing strong signs of preparing to take off again! After consolidating and building momentum, the precious metal is positioning itself for another powerful move upward. As the market aligns, this could be the perfect time to watch for golden opportunities. Are you ready to ride the wave of gold's next flight?"
BITCOIN UPDATES FOR ENTRIESWere still on a Bullrun, but we might see an clear of LONGS here!. if the premiums clear. wait for pullback.
This idea would manipulates the LONGS. or the price could go back to 78k? before we go higher.
This is only my view for now. I'm still bullish on MARKETSCOM:BITCOIN , this is not a financial advice, do your own research base on the sentiments right now.
The long-term still on 128k? probably yes, but at what timeframe.
follow for more. I will be posting daily updates on other pairs.
Come and check this out.
Daily reminder you need to rest on weekends. the market is just making liquidity.
Lock in boys.
keep stackingsss satttssss.. I believe on this coin. As we can see the US markets especially the ETFS, could drive the price high before our eyes.
Bitcoin/USDT - next levels of resistance----------------------------------------------
Prediction Summary:
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I think the chart mainly explains itself
Buying @ 94.3K. I consider anything below 100K a good profit, just as before in my last idea. But Bitcoin is eyeing 120K. Selling is a no go for me.
Bitcoin news is mostly good. If Microstrategy buys another gargantuan amount of Bitcoin, I will gladly FOMO in/above the Ichimoku cloud. The volume seems to be picking up again too. I would stay away from Tron backed assets, even for DEX trading.
The part about acorns is a WO insider joke. Maybe.
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Technical Analysis:
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> Inside/above Ichi. cloud - Bullish
> Fib. resistance tested 3x since Jan. 1st - Bullish
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Fundamental Analysis:
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> Coinbase Launches Bitcoin-Backed Loans - bullish development for the Bitcoin economy
> Latest US inflation data shows decrease in the core CPI for the first time since July - Bullish
> Hong Kong courts use blockchain to serve legal notices - Tron proves itself less decentralized than Bitcoin. I would not recommend trading Tron-pegged Bitcoin assets
Tools used:
Fibonacci Retracement
Open PnL
Ichimoku Cloud
Volume
This is not investment advice or financial advice. These are my own subjective thoughts on Bitcoin/altcoin price actions.
sources:
coinmarketcap.com
coinmarketcap.com
cryptonewsland.com
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Thanks for reading!
Context for yellow lines: www.tradingview.com
From Bear Trap to Breakout: Bitcoin RoadmapBitcoin ( BINANCE:BTCUSDT ) started to rise again( with a high momentum )
yesterday after failing to break the Heavy Support zone($93,400-$90,000) ( Bear Trap formation).
Educational Tip: Its quick return after exiting the Heavy Support zone($93,400-$90,000) with high volume was one of the signs of a bear trap.
Regarding Elliott wave theory , it seems Bitcoin successfully completed a Zigzag Correction(ABC/5-3-5) yesterday and is currently completing the next five impulsive waves . Likely, Bitcoin is still in correction waves .
I expect Bitcoin to start correcting from the Resistance zone($100,000-$98,080) , 50_SMA(Daily) , and Monthly Pivot Point and start to rise again from the Potential Reversal Zone(PRZ) and attack the Resistance zone($100,000-$98,080) .
⚠️Note: If Bitcoin breaks the Heavy Support zone($93,400-$90,000), we should expect a fall with high momentum (it is unlikely that another Bear Trap will be created).
⚠️Note: If Bitcoin goes below the Potential Reversal Zone(PRZ) , there is a high possibility that Bitcoin will break the Heavy Support zone($93,400-$90,000).
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
8 Tips to Optimize Your Tradingview for Clarity & PerformanceIn this video I share 8 ways to optimize your Tradingview for improve your performance.
Most people focus on strategy, but that is only a piece of successful trading. What I would argue is even more important....is your ability to execute.
Better execution is a result of - repetition, clarity, understanding
The things in this video will help you with clarity.
People make the comparison to trading and gambling all the time, for good reason.
But let me ask you this...
Have you ever taken a moment to look at your tradingview workspace and see how it's like walking through a virtual casino?
Think about it...
You have thousands of assets to choose from (machines & tables)
You have people with their ideas and chatter (forums, ideas, chats)
You also have sounds and stimulation everywhere (notifications, alarms)
This is not bad! But it's something to be mindful of as you design your work environment for execution.
We want to improve clarity, and simplicity. We want to eliminate as much noise as possible to improve your ability to focus on the task at hand, which is to execute your strategy.
Here are 8 tips to improve your performance:
(yes some of these are generic but they make a huge difference)
Turn off the Gain%, Change, Vol, and Last on your asset sidebar
On the same side bar, drag the news section down to the bottom so it's not visible anymore
Change the color of your candles to soft more soothing colors ( google search calming colors )
Turn off notifications so you don't get hit with other trader's ideas while you're trading
Use anchor text notes to put your plan for each asset right on the chart so you don't deviate
Remove news event from the bottom of your charts, reduces clutter (personal preference)
Create templates for each step in your analysis process
I realize now that there were only 7 not 8, but I recorded the video so it's too late to go back now lol.
I hope this helps you on your journey!
I'd love to know what helps you with clarity, and getting in flow state while you trade.
👇 Share in the comments below
-Gio
BTC Bulls Charge Toward $102K: Breakout with Momentum!
Breakout confirmed: The price has broken out of the equilibrium zone with strong bullish momentum.
Current price: $99,655.
Key levels:
Support: $94K (POL - Point of Liquidity).
Resistance: $102K (premium zone).
Recent reclaim: GETTEX:97K FGH (Fair Value Gap High).
Institutional activity: The bounce from the $91K discount zone indicates strong buying pressure, likely from institutional players.
Trade setup:
Entry: Current level ($99,655) or on a slight pullback.
Target: $102K (premium zone).
Stop loss: Below $96K to protect against downside risks.
Risk-to-reward: This setup offers a favorable reward ratio if the target is achieved.
Confidence level: 8/10, suggesting a strong likelihood of bullish continuation.
Bitcoin Dominance Is About Give a New Life To Altcoins!Hello, Skyrexians!
We have already mentioned the importance of different crypto assets dominance analysis. Today we are goin to update the main one CRYPTOCAP:BTC.D . Last month it makes us nervous with the potential intention to set the new high. Current formation looks like a triangle - trend continuation pattern and it scares many traders. Is this nightmare is going to be true, or altseason is coming?
Let's take a look at weekly time frame. Now we use the combination of our hand made indicators: Bullish/Bearish Reversal Bar Indicator and Fractal Trend Detector . Trend detector started printing the red candles, the bearish trend late in 2023, but those time this tendency shift failed. This time we have seen two red dot on other indicator and after that trend change. In our opinion this is much stronger confirmation that altseason is really coming.
You probably already know that predicted earlier the dominance drop to 27%, but today we are talking about short term forecast, 0.61 Fibonacci level below 50% is the target for February.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
BTC UPDATE 1HR CHARTBitcoin finds itself at a critical juncture where a breakout from the current levels could ignite a significant rally, fueling optimism among investors and paving the way for substantial upward momentum. On the other hand, if the cryptocurrency fails to maintain its support at this key threshold, it could face increased selling pressure, potentially leading to a steep and extended downward correction in the market.
BTCUSDT Trade LogBTCUSDT – 4H/1D Kijun Breakout
Price Action: We’ve seen a triple tap on the Daily Kijun that marked strong resistance. The breakout and daily close above on January 6th, 2025 confirms a bullish signal. Now, price is hovering around the 4H/D Kijun confluence, creating a favorable area to watch for a retest and potential bounce.
Trade Idea (Long):
– Enter on retest of the 4H/D Kijun if we see supportive wicks or bullish confirmation.
– Risk: 1% of account.
– Reward: 1:2 RRR target (take profit near key swing high or FVG fill).
Macro News Watch: This is a big macro news week. Stay alert for unexpected volatility that could invalidate the setup. If price closes back below the Kijun levels, be prepared to manage or exit the trade accordingly.
Bitcoin (BTCUSDT) 2500% Done @ 10X Leverage!Bitcoin MASSIVE LONG Trade Caught!
The move from $27,200 to $96,100 represents an approximately 250% gain. At 10x leverage I took, this is a clear 2500% massive gain!
This large rally indicates strong bullish momentum caught using the Risological Options Trading Indicator , with consistently higher highs and higher lows on the daily chart.
Use caution if momentum slows—prolonged consolidation or reversal signals might appear around such a major milestone.
Despite short-term pullbacks, BTC’s overall trend remains firmly bullish on the daily timeframe. The uptrend is supported by strong demand and increasing volume, often associated with sustained rallies.
BITCOIN IS BREAKING DOWN right now "Bitcoin has broken through a critical support level, signaling a significant shift in market sentiment as bearish pressure intensifies. This breakdown could trigger a deeper correction, with traders closely monitoring lower support zones for potential stabilization. The failure to hold this key level may accelerate selling momentum, raising concerns over the possibility of further downside and testing the resilience of bullish participants in the market."
Daily Market Review and Analysis for BTC: January 13, 2025BTC (2h)
The price scenario from my review of January 8, 2025 was implemented. As expected, the #BTC price after several days of manipulation in the sideways channel ($91,160 - $95,800) eventually removed the sellers' liquidity at $90,500 and approached the next liquidity pool at $88,722. Thus, the almost 5% drop in price was also worked out.
Now, regarding the further price movement:
– #Bitcoin will most likely strive for the level of $96,258. This is the nearest point of interest (POI).
– Further, if the price consolidates at this level, it is possible to move up to the middle of the 4-hour gap ($ 99,443) and then roll back down to remove liquidity at the level of $ 88,722. In other words, we are now entering the phase of another manipulation of the tops, the end result of which will be another fall in the price.
An alternative to the above is a continuation of the downward movement with a highly probable withdrawal of liquidity to the $85,000 mark.
An important point - despite the fact that globally we are in a bull market, we should not forget that the price is currently undergoing a correction. Thus, the fundamental level at the bottom in the middle of the weekly gap ($ 85,000) after breaking through the level of $ 88,722 should also not be ignored.
I will confirm that in order to reach the next historical maximum (ATH), Bitcoin will need to clear the sellers' liquidity pool levels at $ 88,722 and $ 85,000 in the medium term.
In particular, there is an even more gloomy scenario for Bitcoin based on candlestick analysis. I'll write about this in tomorrow's review.
What’s Next for BTC: $99K or $84K?Good Morning, Trading Family!
What’s Next for BTC: $99K or $84K?
Here’s the game plan: if BTC corrects up to $93K, $94K, or $96K, it could then pull back down to the $84K marker. But if BTC breaks $96K, we could see it climb to $99K.
This Sunday, I’m hosting a webinar on how emotions can hurt your trading and how to take control of your mindset for better results.
Send me a message or check out my profile for details. If this added value to your trading, like, comment, and share it with someone who needs it.
Kris/Mindbloome Exchange
Trade What You See
$92K is key support for BTCGETTEX:92K is key support for BTC
If BTC breaks off the GETTEX:92K with significant dollars, we may see this asset go downhill for a while. It rallied down towards that zone today but quickly spiked up again.
While traders are optimistic about this asset following President-Elect Donald J Trump, we should all be careful with this baby.
Let's keep trading with risk management
$BTC Bitcoin at critical point... Head and shoulder Pattern!CRYPTOCAP:BTC Bitcoin is at a critical point
Current price: 91000
Bitcoin has retraced over 16% from an all time high of 108k, Price action is currently forming a head and shoulder pattern which is usually a bearish pattern!
#btc needs to remain supported around 90.5k to continue its uptrend to all time highs at 119k
If MARKETSCOM:BITCOIN price action loses support at 90.5k then expect prices to retest supports at 85k and then 80k.
Definitely a critical point to watch! What do you think?
BTC, A GUIDE TO TREND UP OR REd capBitcoin's parabolic trends are a double-edged sword, showcasing its potential for rapid growth but also highlighting its inherent volatility. Understanding these movements is crucial for investors, as steep upward trajectories often lead to sharp corrections. Analyzing market behavior, sentiment, and historical patterns can help navigate the highs and lows while maintaining a long-term perspective.
BTC next draw on Liquidity I'm anticipating to LONG BTC based on my bias due to the previous week been bullish and this current week didn't close below the weekly level 93563.35 , it rejected it nicely.
On the daily TF price couldn't get past the daily zone 92620.71 too and we have a break to the upside on H4
I was anticipating to buy from the H4 poi 91902.65 but it's not certain that price is coming back to my poi due to the fact that it already filled the Imbalance before it. Rather I'll be buying from 93720.05 . Till it gets to 99346.28
Please help boost this post if you find it insightful
Bitcoins Next Move will be HUGE!The markets have pulled back to pre-election areas, will Bitcoin meet the same fate?!
CRYPTOCAP:BTC - Bitcoin
- Bearish Expanding Triangle
- Red H5 Indicator
- Volume shelf with Volume GAP
- Right at the bottom of the box: Either a huge bounce or a huge breakdown
Not financial advice
BTCUSDT Analysis: Preparing for a Critical Zone TestThe 4-hour chart of BTCUSDT reveals a textbook retest of key levels following a sharp breakdown from the resistance near $105,268 . This move is consistent with a broader bearish structure that began forming after rejection at $108,366 . The current trajectory suggests Bitcoin may continue its downward momentum toward a high-probability liquidity zone between $85,883 and $89,510 . Here's why this area deserves close attention:
Technical Breakdown:
1. Descending Trendline Rejection:
The price recently respected the long-term yellow descending trendline, emphasizing the strength of sellers around $102,934.
2. Support Zones:
Immediate support at $96,920 has seen a weak bounce, increasing the likelihood of deeper retracements.
A stronger accumulation zone lies between $85,883 and $89,510 (highlighted in orange), which aligns with historical demand zones and Fibonacci retracement levels.
3. Bearish Momentum:
The rapid fall post-breakout indicates strong bearish momentum, confirmed by increasing sell volumes on key levels. Any short-term pullback toward $96,436 or $98,000 could serve as an opportunity to position for further declines.
4. Indicators and Risk Management:
Divergence signals suggest momentum exhaustion, and traders should anticipate potential short-term volatility. Use tight stop-loss placements and avoid overleveraging. For this setup, a stop-loss above $98,920 is recommended to limit risk.
Trade Plan:
Short Opportunity:
If BTC retraces to $96,436 or $98,000, consider entering short positions with targets in the $89,510–$85,883 range. Stay vigilant and be prepared to pivot based on price action near critical levels.
***
Final Note:
Remember, no strategy is foolproof. Always consider market risks, manage positions carefully, and align trades with your broader portfolio strategy. Let the price action guide your decisions.