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Well, Well Well, Can Bitcoin Sustain Its New All-Time High?It's been a while, TradingView. I've really stepped away from markets for the most part to focus on other things. It's been quite refreshing. This won't be long. I'm popping in to share a couple of quick observations. For one, Bitcoin has managed to break out to a new significant ATH, so far a little under 30% above the previous high around $73k. My speculation has long been that Bitcoin is unlikely to SUSTAIN a significant new all-time high above the previous bull-market high near $70k. This is close to being invalidated. Full invalidation would require Bitcoin to just keep going, and $100k is the next clear hurdle. Right now, it's encountering some resistance, just 5% from that major target. Keep in mind, Bitcoin, is not really outperforming major stock indexes (yet). It's simply caught up after a period of underperformance. The recent upswing in price seems to have been catalyzed by Trump's second election to office in the U.S. Interesting, considering he used to look down on cryptocurrencies and suddenly flip-flopped during his recent run for office. This seems to be a bit of an emotional and speculative reaction from investors. Buyers expect further price appreciation with increased adoption and decreased available supply. "Adoption" simply means buying and holding these days, not using it as a currency. This is clear when looking at this graph: studio.glassnode.com Bitcoin active addresses continue to stagnate. People are just buying and holding, and it is often the same entities doing so. The ETFs skew this data as well, since these coins are held in concentrated addresses, even though many more people may be holding "Bitcoin" through an ETF. That brings me to something else: Options. Now traders can exercise options on Bitcoin ETF's. This is dangerous, and I think should be treated with some caution. This can increase the amount of price manipulation, as if it wasn't already manipulated. As for me, I closed my shorts at a loss around $63.8k. I saw that Bitcoin was unlikely to drop further, and instead break out of its flag formation to the upside. This ended up being the safer move. Now, I've slowly begun scaling back into a short. I've added at GETTEX:89K , $93k, and now $94.8k. The chart is demonstrating some divergences. The Ultimate Oscillator is actually declining as price goes up. Today's "breakout" is so far on meager volume, but my guess is that this increases should price continue towards $100k this week. In the above chart, confirmation of a local top might be the breakdown of my orange trendline. If price stalls here, it can fall all the way down to the breakout point (the long broadening wedge) It can also simply fall as shallow as $82-83k and then resume its climb. Long term, I'm not a fan of this asset as it represents something dystopian and sinister to me these days. I acknowledge it doesn't represent this to everyone. Regardless of your position on Bitcoin, I wish you luck! This is not meant as financial advice and for speculation only! -Victor Cobra
COINBASE:BTCUSDShort
by VictorCobra
4
BITCOIN new ATH ( 98500$ )Hello and greetings to all the crypto enthusiasts, ✌ In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for Bitcoin, 📚💡 The current chart doesn't reveal any new support level, which is somewhat unusual in this market. To address this, I've employed Fibonacci retracement levels and trendlines to help identify key support zones that might be pivotal in the coming days. Given the recent uptick in trading volume and the influx of new market participants, it seems highly likely that Bitcoin will experience a price increase of at least 10% in the near term. 📚🎇 This potential rise appears to be driven by a combination of strong buying interest and a generally positive market sentiment surrounding the cryptocurrency. However, while the outlook is bullish, it's crucial to remain cautious and stay alert to the possibility of range-bound candles. 📚✨ These candles could indicate a period of consolidation or short-term price fluctuations before any significant upward movement takes place. Staying vigilant and closely monitoring these patterns will help in anticipating the next major price action. 📚💡 🧨 Our team's main opinion is The chart doesn’t show a new support level, so I’ve used Fibonacci retracement and trendlines to identify key support zones. With increased trading volume and positive sentiment, Bitcoin is likely to rise by at least 10%, though short-term consolidation may occur before the next big move.🧨 Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
Long
by MadWhale
28
Eth/Btc 3W - Let's take a wide angle to see better$Eth/Btc 3W; Looking at the Ethereum/Bitcoin chart from a much broader perspective, we can say that the downtrend is still dominant and strong. We can see how the IMB and FVG levels are working properly. If the decline continues down to the +OB level at $0.02934, if the Double Buttom formation support here is insufficient, the decline may continue until the Discount Zone. There are strong support zones at this level, so in the worst case, it will be inevitable to return from this region. Why is the Eth/Btc pair important for us? This pair shows the value of Ethereum against Bitcoin. This shows that the market perception is still heavily weighted towards Bitcoin as a safe haven. As is well known, the appreciation of Ethereum against Bitcoin usually marks the beginning of the altcoin season. #eth #ethereum CRYPTOCAP:BTC #Btc #Bitcoin
by ugurtash
Is Bitcoin's Bullish Breakout a Catalyst for a 90% Rally? Bitcoin, the world's largest cryptocurrency, has been making significant strides in recent months, with several key metrics signaling a potential for a substantial price surge. Analysts and traders are closely watching these developments, which could propel BTC to new all-time highs. Key Metrics Pointing to a Bullish Future A confluence of technical indicators and market sentiment suggests that Bitcoin is poised for a significant upward move. Here are some of the key factors driving the optimism: 1. Classic BTC Price Chart Metrics: o Golden Cross: A bullish crossover of the 50-day and 200-day moving averages, often seen as a strong buy signal. o Relative Strength Index (RSI): A momentum oscillator that indicates whether an asset is overbought or oversold. A reading above 70 suggests overbought conditions, while a reading below 30 indicates oversold conditions.1 o Moving Average Convergence Divergence (MACD): A trend-following momentum indicator that shows the relationship between two moving averages.2 A bullish crossover of the MACD line above the signal line is often interpreted as a buy signal. 2. Bitcoin ETF Options Launch: The launch of Bitcoin ETF options has generated significant interest and liquidity in the market. This development could attract institutional investors, who may view Bitcoin as a viable asset class for diversification and portfolio growth. 3. Strong Market Sentiment: Traders and analysts are increasingly bullish on Bitcoin's long-term prospects. Many believe that the cryptocurrency has the potential to reach $100,000 or even higher in the coming years. Potential for a 90% Rally Given the strong fundamental and technical factors, some analysts are predicting a 90% rally in Bitcoin's price. Such a move would take the cryptocurrency to unprecedented heights, surpassing its previous all-time high. However, it's important to note that the cryptocurrency market is highly volatile, and price predictions should be taken with a grain of salt. The Road Ahead While the future of Bitcoin is uncertain, the recent bullish signals suggest that the cryptocurrency could be on the cusp of a major bull run. However, it's essential to approach investing in cryptocurrencies with caution and to conduct thorough research before making any investment decisions.3 Disclaimer: This article is for informational purposes only and4 should not be construed as financial advice. It's crucial to consult with a qualified financial advisor before making any investment decisions. Additional Considerations As the cryptocurrency market continues to evolve, it's important to consider the following factors: • Regulatory Landscape: Government regulations can significantly impact the price and adoption of cryptocurrencies. • Market Manipulation: The cryptocurrency market is susceptible to manipulation by large investors and whales. • Technological Advancements: Technological advancements, such as layer-2 solutions and improved scalability, can positively impact Bitcoin's performance. • Economic Factors: Global economic conditions, such as inflation and interest rates, can influence the demand for Bitcoin. By staying informed and understanding the risks involved, investors can navigate the volatile cryptocurrency market and potentially reap significant rewards.
BITSTAMP:BTCUSDLong
by bryandowningqln
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)
BITSTAMP:BTCUSDLong
by basictradingtv
20
Are Spot Bitcoin ETFs New Top Investment Choice for Investors? A Six-Week Streak of Strong Investor Demand Spot Bitcoin exchange-traded funds (ETFs) have continued their impressive performance, attracting substantial inflows over the past six weeks. The latest week saw an influx of $1.7 billion, further solidifying the growing institutional interest in Bitcoin. This consistent inflow has propelled the total net assets of spot Bitcoin ETFs to a staggering $95.4 billion, representing 5.27% of Bitcoin's current $1.8 trillion market capitalization. Decoupling from Traditional Markets A notable trend has emerged in recent times: Bitcoin's correlation with traditional assets like U.S. equities and Ether has weakened. This decoupling suggests that Bitcoin is increasingly viewed as an independent asset class, driven by its own unique fundamentals and market dynamics. As a result, Bitcoin's price action has become less reliant on broader market trends, allowing it to exhibit its own volatility and momentum. Crypto Market Reaches New All-Time High The cryptocurrency market as a whole has reached a new all-time high of $3.025 trillion, fueled by the continued adoption of Bitcoin and other digital assets. While Bitcoin has consolidated around the $92,000 level, the broader market has seen significant gains, with many altcoins experiencing substantial price increases. Factors Driving Bitcoin ETF Inflows Several factors are contributing to the strong demand for Bitcoin ETFs: 1. Institutional Adoption: A growing number of institutional investors, including hedge funds, pension funds, and corporations, are allocating a portion of their portfolios to Bitcoin. ETFs provide a convenient and regulated way for these institutions to gain exposure to Bitcoin. 2. Regulatory Clarity: Increasing regulatory clarity in major jurisdictions has boosted investor confidence. As governments and regulators around the world develop frameworks for cryptocurrencies, it has paved the way for institutional adoption. 3. Safe Haven Asset: Bitcoin is often viewed as a safe-haven asset, particularly during times of economic uncertainty or geopolitical tensions. Its limited supply and decentralized nature make it an attractive investment option for many investors. 4. Technological Advancements: Ongoing advancements in blockchain technology, such as scalability solutions and smart contract capabilities, are enhancing Bitcoin's utility and potential applications. The Future of Bitcoin ETFs The continued success of Bitcoin ETFs is likely to have a significant impact on the broader cryptocurrency market. As more ETFs launch and attract investment, it could further legitimize Bitcoin and other cryptocurrencies. Additionally, it could lead to increased price volatility and potentially higher valuations. However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors should conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
BITSTAMP:BTCUSDLong
by bryandowningqln
Hey Trading Fam! BTC at a Key Level – Big Moves Coming?Hey trading family, let’s keep this chill and easy to follow. Bitcoin’s sitting at a key spot right now, $91,700. This is where things could get interesting, and we’ve got a few scenarios to watch: Does $91,700 hold? If it does, we might see BTC slide back down into the $86K-$80K range. Do we break higher? A push past $91,700 could take us to a solid $94K take profit zone. What about $99K? If the bulls really show up, BTC could climb even higher, but a correction could follow soon after. This is where the game gets exciting. What’s your plan if we hold, or if we break? Let’s trade smart and stay ready. Like, comment, and share this post to help the community grow! Got questions or insights? Send me a DM – I’d love to hear from you. Mindbloome Trading // Kris Trade What You See.
MARKETSCOM:BITCOINLong
by Mindbloome-Trading
BTC sell???📊 Analysis by AhmadArz: 🔍 Entry: Breakout Confirmation: $90,700 A breakout from the symmetrical triangle indicates strong momentum, suggesting a downward trend. 🛑 Stop Loss: Level: $92,563 Place your stop loss above the breakout point to minimize risk. 🎯 Take Profit: 1️⃣ TP1: $88,959 (First support zone) 2️⃣ TP2: $86,250 (Key demand level) 3️⃣ TP3: $83,505 (Strong historical support) 🧠 Analysis Overview: The symmetrical triangle pattern on the 1-hour BTCUSDT chart is a classic continuation pattern. With a confirmed breakout, this setup presents a great risk-to-reward ratio. 📉 Additional Notes: Increased volume during the breakout adds validity to this move. Monitor RSI for signs of overbought/oversold conditions. Price action near $88,959 will determine if the trend strengthens or consolidates. 🔗 "Stay ahead of the crypto market with AhmadArz! 💡 Join us on TradingView for expert insights backed by five years of market expertise." 🚀 Boost this idea and💬 share your feedback below!
Short
by ahmadarz
2
BTC Top for this cycleI recognized a sort of "pattern" for the ROI of BTC, taking the Halving as a starting point and the cycle top as the end. The ROI seems to be reduced by a factor of 0.22-0.27. For this reason I took the ROI of last cycle, starting from the Halving, and reduced it down to 25%. When I apply it to this cycle, it comes out that the top should be at around 169k. To be honest, I will sell earlier than that just to reinvest the earnings into something else (Alts if it is Alt Season). Nonetheless, I believe the top is realistic given the circumstances with new institutions coming in and the adoption of BTC and other Cryptocurrencies for institutional portfolios.
INDEX:BTCUSDLong
by Camilo0524
BITCOIN ON ITS WAY TO A NEW ALL TIME HIGH! TA + TRADE PLANTechnical Analysis of Bitcoin (BTC/USDT) Price Action: The chart shows an ascending triangle pattern, which is typically a bullish continuation pattern. It suggests that Bitcoin is likely preparing for an upward breakout. The price has been respecting the support trendline (ascending) while testing the resistance level at around $91,700. There is strong upward momentum, confirmed by the price movement toward the resistance, with higher lows indicating growing buyer interest. Indicators: VMC Cipher B Divergences: The indicator shows a bullish divergence (green color), which often suggests that the price is likely to break above resistance, supported by buying momentum. RSI (Relative Strength Index): RSI is currently at 61.77, which is in the neutral zone (neither overbought nor oversold). This suggests that Bitcoin still has room for upward movement before becoming overbought. Stochastic Oscillator: The Stochastic is at 88.21, indicating a potential overbought condition, suggesting that while there may be an upward push, a pullback could follow soon if the price rises too quickly. HMA (Hull Moving Average): The HMA histograms show bullish momentum (green area), which indicates strong upward trends, though the shift to red on lower timeframes suggests caution for short-term corrections. Money Flow Index (MFI): MFI is showing a value of 51, indicating balanced buying and selling pressure. This suggests that while the market has potential for an upward move, it is still neutral in terms of volume and money flow. Volume Analysis: The volume profile shows a buildup of buying activity with the price consolidating near the resistance zone. Volume is steadily increasing, which is usually a positive sign for a breakout. There is lower volume in the consolidation area, which could indicate a breakout is imminent. Trading Plan Entry Strategy: Buy Position: If Bitcoin breaks above the resistance level at $92,212 with high volume, consider entering a long position. This breakout could push the price toward the next resistance at $95,000 or higher. Watch for confirmation with volume spikes and RSI maintaining below 70 to avoid entering when the market is overly extended. Target Price (Take Profit): The next immediate resistance levels to target are $95,000 and $102,500. Set partial take profit orders around these levels. A more aggressive target would be $105,000 (based on the breakout projection). Stop Loss: Place a stop loss below the support trendline or around $85,000 to mitigate risks in case of a false breakout or price reversal. For more conservative risk management, a tighter stop loss around $87,500 could be used if the breakout is confirmed with strong volume. Risk Management: Use proper risk management, aiming to risk no more than 1-2% of your portfolio on each trade. Watch for volatility and unexpected moves, especially considering the high stochastic reading, which might indicate a short-term overbought condition. Alternative Scenario (If Breakout Fails): If the price fails to break above resistance and falls back into the consolidation zone, consider a short position only if the price breaches the support line. Watch for bearish divergence in the indicators (such as RSI or MFI) for confirmation of a potential downtrend. This plan provides a clear strategy for trading Bitcoin, balancing potential profits with careful risk management. Stay alert for market updates, and adjust your strategy accordingly if significant changes occur.
Long
by elfabiiani
1
Bitcoin: Projecting the 5th and Final Phase of the Bull Market ### **Introduction** This report provides an in-depth analysis of the historical and projected market behavior of Bitcoin, focusing on cyclical market patterns and emphasizing both bull and bear phases. By dissecting previous cycles, this study aims to shed light on potential market movements, offering a roadmap for the 5th and final phase of the current bull market cycle, as per my expectations. ### **Historical Overview & Cycle Breakdown** Historically, Bitcoin has exhibited well-defined market cycles consisting of accumulation, rapid growth, corrections, and subsequent recoveries. Each cycle presents unique behaviors influenced by macroeconomic factors, adoption rates, technological developments, and regulatory impacts. **Key Phases Highlighted:** 1. **Accumulation Phase:** This phase, often occurring during market lows, signifies periods of relatively low activity where investors accumulate Bitcoin at lower prices. It is marked by low volatility and slow upward movement. 2. **Expansion (Bull Run) Phase:** Characterized by significant price growth, this phase attracts a surge of new investors and increased trading volume. Historically, it has ended with a parabolic price surge, as seen in prior cycles. 3. **Correction and Bear Market Phase:** The market retraces following the explosive growth, leading to a prolonged downturn or 'crypto winter.' This phase often involves a return to support levels established in previous cycles, accompanied by investor uncertainty. **Annotated Analysis:** The attached chart illustrates these phases through visual annotations, showing multiple cycles and their respective movements. Each major bull and bear phase has been marked, alongside critical resistance and support levels that have influenced market sentiment over the years. ### **Current Bull Market Context** **Expected 5th and Final Phase:** The current bull market cycle appears to be entering its 5th and final phase, as marked on the chart. Key indicators leading to this projection include: - **Momentum Analysis:** Recent price movements suggest a steady upward trajectory indicative of a final parabolic surge before an anticipated correction. - **Resistance Levels and Trendlines:** The yellow horizontal lines represent critical resistance levels that Bitcoin must break to maintain its bullish momentum. Historical analysis suggests that each cycle typically ends near these zones, followed by corrections. - **Macro Indicators and On-Chain Data:** The green arrows highlight potential momentum shifts, emphasizing buyer activity and renewed confidence in the market. ### **Projections for the Final Phase** Based on historical data and current market behavior, my analysis projects that the 5th phase will see a peak price surge, potentially reaching a new all-time high. However, this growth phase is expected to be followed by a significant correction, bringing Bitcoin prices back to key support levels outlined on the chart. **Factors to Monitor:** 1. **Market Sentiment and News Events:** External factors, including macroeconomic news, regulatory announcements, and institutional participation, can heavily influence price movements. 2. **Adoption Trends:** Growing adoption and use cases for Bitcoin and blockchain technology could further propel the market upward during this phase. 3. **On-Chain Metrics:** Metrics such as transaction volumes, wallet distributions, and miner activity should be monitored closely for shifts in market behavior. ### **Concluding Remarks** This analysis aims to offer a comprehensive overview of market behavior, assisting community members in making informed decisions. While historical trends offer a glimpse into potential future movements, market conditions remain volatile. Therefore, cautious and strategic investment decisions are recommended as we enter this pivotal stage in Bitcoin's cycle. --- **Disclaimer:** This report is intended for informational purposes only and should not be taken as financial advice. Cryptocurrency investments carry risk, and individuals should conduct their own research and consult with professional advisors before making investment decisions.
BITSTAMP:BTCUSDLong
by Yassine_Houd
3
Bitcoin (BTC/USD): Post-4th Halving– Is the Rally Just starting? 📊 Bitcoin's Price Action and Policy Impact (November 18, 2024): Bitcoin is trading at $89,862 USD, reaching new all-time highs following the 4th halving in April 2024. A wave of bullish developments, including U.S. policies under President Donald Trump, is reshaping the market narrative. Here’s how Bitcoin’s post-halving patterns and strategic initiatives are driving its meteoric rise. 1️⃣ U.S. Strategic Bitcoin Reserve: A Game-Changer? The U.S. Senate, led by Senator Cynthia Lummis, is advancing the BITCOIN Act, proposing the creation of a strategic Bitcoin reserve: Objective: Securely store 1 million BTC in decentralized vaults over the next five years. Funding Mechanism: Revalue assets such as gold certificates to purchase Bitcoin. Impact: Analysts believe this initiative could significantly strengthen the U.S.'s financial position and solidify Bitcoin’s role in the global economy. David Bailey, CEO of BTC Inc., has called the proposal the "most transformational policy on Trump’s agenda," highlighting its potential to reshape global finance. 2️⃣ Post-Halving Historical Patterns Historically, Bitcoin halvings have been pivotal in driving exponential growth. Here's a look at prior cycles: 1️⃣ 1st Halving (2012): Post-halving rally: +9,295%. Peak price established Bitcoin’s first bull market. 2️⃣ 2nd Halving (2016): Post-halving rally: +3,061%. Institutional interest began to take shape as Bitcoin gained recognition as a store of value. 3️⃣ 3rd Halving (2020): Post-halving rally: +693%, peaking at ~$69,000 in 2021. The rise was driven by institutional adoption, DeFi growth, and macroeconomic uncertainty. 4️⃣ 4th Halving (April 2024): Bitcoin is currently trading at $89,862 USD, with analysts predicting a rally of +600% or more, potentially pushing Bitcoin to $600,000 - $700,000 USD by late 2025. 3️⃣ Current Market Drivers Federal Reserve Policy: Monetary easing is enhancing Bitcoin’s appeal as a hedge against inflation. $35 Trillion U.S. Debt Concerns: With fears of economic instability, Bitcoin is emerging as a "safe-haven" asset. Institutional Adoption: ETFs, corporate treasuries, and retail investors are fueling demand. 4️⃣ Bitcoin Price Outlook Resistance Levels: $100,000 (psychological barrier), $250,000. Potential Peak: Historical patterns suggest a peak between $500,000 and $700,000 USD in late 2025. Correction Risk: After reaching the peak, Bitcoin could see an 80%+ correction, consistent with prior cycles. Key Events to Watch ✅ BITCOIN Act Progress: The U.S. Senate’s discussions could accelerate Bitcoin adoption globally. ✅ U.S. Elections Impact: Historically, political transitions influence market sentiment and Bitcoin’s trajectory. ✅ Global Adoption: Developments in other major economies, like China and Europe, could further boost Bitcoin’s price action. 💬 Do You Believe Bitcoin Can Hit $600,000 - $700,000? With policy support, post-halving dynamics, and institutional demand aligning, is Bitcoin poised for another historic rally?
BITSTAMP:BTCUSDLong
by jjkateam
Ethereum's Fading Dominance: A 2023 Trend That Could ContinueEthereum's relative strength against Bitcoin has been waning throughout 2023, and technical analysis suggests this trend may persist. A Breakdown in the Making Ethereum (ETH) has been showing signs of weakness relative to Bitcoin (BTC) throughout 2023. This trend and a recent technical breakdown suggest that ETH/BTC could continue its downward trajectory. Key Technical Indicators 1. Relative Strength Index (RSI): The RSI for ETH/BTC has been declining, indicating a loss of momentum in Ethereum's price action relative to Bitcoin. 2. Moving Averages: The 50-day and 200-day moving averages for ETH/BTC have crossed over, forming a bearish "death cross" pattern. This pattern often signals a potential downtrend. 3. Support Levels: ETH/BTC has struggled to hold onto key support levels, suggesting that selling pressure is increasing. Why is Ethereum Losing Ground to Bitcoin? Several factors may be contributing to Ethereum's relative weakness: 1. Network Congestion and High Fees: Ethereum's network has been plagued by congestion and high transaction fees, particularly during periods of peak demand. This has led to a decline in user experience and network adoption. 2. The Rise of Layer-2 Solutions: While Layer-2 solutions like Arbitrum and Optimism have helped alleviate some of the congestion issues, they have also fragmented the Ethereum ecosystem. 3. Competition from Other Smart Contract Platforms: Other smart contract platforms, such as Solana and Cardano, have been gaining traction and challenging Ethereum's dominance. 4. Bitcoin's Growing Institutional Adoption: Bitcoin has been increasingly adopted by institutional investors, who view it as a store of value and a hedge against inflation. This increased demand for Bitcoin could be driving capital away from Ethereum. The Potential Impact of the Merge The Merge, a significant upgrade to the Ethereum network, was expected to improve network efficiency and reduce energy consumption. However, the impact of the Merge on Ethereum's price performance has been mixed. While the Merge may have long-term benefits for the Ethereum ecosystem, it has not been enough to reverse the short-term trend of ETH's underperformance relative to Bitcoin. Conclusion Ethereum's relative weakness against Bitcoin is a concerning trend for ETH holders. The technical indicators suggest that ETH/BTC could continue to decline in the coming months. While the Merge was a significant milestone for Ethereum, it may not be enough to offset the challenges facing the network. Investors should closely monitor the price action of ETH/BTC and be prepared for further downside. Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Please conduct your own research or consult with a financial advisor before making any investment decisions.
Short
by bryandowningqln
BTC Bitcoin Potential Retracement Soon If you haven`t bought BTC before the recent rally: Now you need to know that Bitcoin’s meteoric rise to an all-time high of $93,434 has reignited excitement in the crypto markets. However, as the euphoria peaks, warning signs suggest that the king of cryptocurrencies might be due for a pullback. Currently trading at a Relative Strength Index (RSI) level of over 86—a threshold signaling overbought conditions—Bitcoin appears overstretched in the short term. Historically, RSI readings above 70 often precede market corrections as buying momentum wanes and profit-taking sets in. While Bitcoin’s long-term fundamentals remain strong, its price trajectory has repeatedly shown susceptibility to sharp reversals after rapid ascents. A retracement to $80,000—a key psychological and technical support level—could provide a healthier foundation for Bitcoin’s next leg upward. Traders and investors should remain cautious, especially as Bitcoin consolidates at overheated levels. A correction to $80K might not signal the end of the bull run but rather a necessary recalibration before the next rally.
Short
by TopgOptions