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Bitcoin Looking for more upsideAfter revisiting a daily bullish order block with a liquidity sweep, Bitcoin demonstrated a strong upward reaction, forming a bullish breaker and a potential daily fair value gap (FVG). However, Bitcoin has not yet closed above the midpoint of the FVG. For me, it’s crucial to wait for a close at least above that level, or ideally above the shaded area. Such a move would present a solid opportunity to target the all-time high and the 113K level as a low-hanging fruit.
Long
by playmakerJR
3
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Jan 17, 2025Technical Analysis and Outlook: Bitcoin has reached our significant Key Resistance level of 106000 during the current week's trading session. This development signals a retest of the completed Outer Coin Dip of the 108000 cryptocurrency before the expansion of the continued upward movement. Nevertheless, an interim decline may likely occur, leading down to the Mean Support level of 100000, with a potential further extension to the Mean Support level of 95000 before any resurgence in the bull market occurrence.
BITSTAMP:BTCUSD
by TradeSelecter
Shiro Neko: A Cat with a $10B Potential Shiro is an incredible opportunity with the potential to exceed 2000x! I’ve been closely following the recent dip, which was a great correction to shake out the weak hands. With this reset, new entries in the coming weeks are expected to be massive. Don’t miss the chance to buy at the bottom, as this might be the last time Shiro Neko is available at this price. In the future, the project could surpass a $10 billion market cap! Shiro is truly a hidden meme gem, still under the radar for most. Everyone knows their ideal entry point, but take advantage of the dip and enjoy being part of the most adorable cat on the internet. Big things are on the horizon! 🐱🚀🐾 CRYPTO:SHIROUSD
Long
by SophiaAnderson
1
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 $104,000 signifies both the resilience of the crypto market and the strategic maneuvers of key industry players. However, the overbought RSI, coupled with potential resistance at higher levels, necessitates vigilance among traders and investors. While the long-term outlook for Bitcoin remains bullish, near-term corrections could provide strategic entry points for those seeking to capitalize on its upward trajectory. As miners continue to accumulate reserves and innovate, their role in shaping Bitcoin’s future will be pivotal in navigating the challenges of an evolving crypto ecosystem.
COINBASE:BTCUSDLong
by DEXWireNews
Bitcoin 240000$ This Bitcoin (BTC/USD) chart uses the Fibonacci extension tool to project possible future price levels. The key observations are: 1. Current Price and Breakout: BTC is trading at $105,019, having surged significantly beyond previous resistance levels. 2. Fibonacci Levels: The price has surpassed the 0.618 Fibonacci extension level at $99,745, a crucial bullish signal. 3. Next Targets: The next Fibonacci extensions are at: $151,950 (1.618 level) $204,154 (2.618 level) $236,416 (3.618 level), nearing $240,000
BITSTAMP:BTCUSDLong
by CrypticMovement
Bitcoin Testing Key Levels: Potential Breakout or Consolidation hello guys! The chart shows a clear formation of a Head and Shoulders (H&S) pattern at the upper price levels, with the head around $101,000 and the left and right shoulders near $100,000. This is a key reversal pattern signaling a potential downside if the neckline at approximately $97,000 breaks. On the broader structure, there is an upward wedge pattern forming, with Bitcoin facing strong resistance at $103,000-$105,000 (upper boundary). This range aligns with a second right shoulder observed previously, indicating a critical decision point for the asset. __________________________ The chart highlights two scenarios: Bullish Continuation: A break above $101,000 and confirmation past $103,000 would likely drive the price to test higher levels, potentially towards $105,000 and beyond. Bearish Reversal: If Bitcoin loses the neckline support ($97,000), it could test lower support levels near $93,800 and potentially $91,000-$92,000.
Long
by melikatrader94
15
Bitcoin's Path to $253,953 in 2025 – A Technical PerspectiveIdea Description: In this analysis, I aim to present why I believe Bitcoin (BTC) could reach $253,953 in 2025. This price target is derived from a combination of historical trends and advanced technical analysis. 1️⃣ Key Resistance: The Historical Trendline The trendline formed by the peaks of 2017 and 2021 acts as a robust resistance level. Historically, these trendlines have played a pivotal role in determining Bitcoin's price action during bull cycles. 2️⃣ Convergence with SpiderLines The SpiderLines, established in 2019, perfectly align with the aforementioned trendline, creating a critical confluence zone. This dual-layered resistance suggests that $253,953 will be a significant psychological and technical barrier. 3️⃣ Supporting Market Cycles Analyzing past cycles, we see that Bitcoin often revisits key trendlines in subsequent bull runs. The historical context suggests that 2025 will align with the next cycle peak, reinforcing this price prediction. This idea highlights the importance of respecting historical levels and recognizing key confluences in market analysis. What are your thoughts on this projection? Could BTC challenge this resistance and push higher? Let’s discuss!
BITFINEX:BTCUSDLong
by SetKryptoBalans
Is Bitcoin Heading for $5M? An Analysis Using Fibonacci ChannelsThe report covers Bitcoin's price movements from its inception in 2012 to January 2025. By employing a logarithmic scale, percentage-based changes over time are emphasized, making it easier to identify growth trends and long-term movements. Fibonacci Channel The Fibonacci channel serves as the primary tool for identifying potential support and resistance levels. The parallel lines of the channel are spaced according to Fibonacci ratios and applied to price action to predict future movements. The report highlights that the current price ($101,419) is approaching the upper range of the channel. Price Targets The analysis proposes three speculative price targets for Bitcoin based on the Fibonacci channel: Conservative Target: $271,117 Moderate Target: $1,357,044 Aggressive Target: $5,045,505 These levels are plotted at the upper bounds of the Fibonacci channel, reflecting potential resistance zones in the long-term trajectory of Bitcoin. Bullish Long-Term Perspective The upward slope of the Fibonacci channel confirms the long-term bullish trend of Bitcoin. The fact that Bitcoin has maintained its position within this channel for over a decade strengthens its technical validity. The proximity of the current price to the channel's upper bound suggests potential volatility in the near term, with possibilities of either a breakout or a correction. Price Target Feasibility While the speculative targets indicate optimism, their exponential nature should be viewed with caution: Conservative Target: Plausible within a long-term context if Bitcoin's adoption and market dynamics sustain growth. Moderate and Aggressive Targets: These levels assume substantial market capitalization expansion, requiring significant adoption, institutional interest, and macroeconomic conditions conducive to growth. Critical Considerations Technical vs. Fundamental Factors The analysis is purely technical, overlooking fundamental elements such as: Adoption rates (e.g., Lightning Network growth, institutional investment). Regulatory developments (e.g., government interventions, taxation policies). Macroeconomic factors (e.g., interest rates, economic stability). These factors could significantly influence Bitcoin's trajectory. Volatility and Risk Bitcoin's notorious volatility makes long-term projections uncertain. Historical data reveals frequent deviations from expected patterns, meaning Fibonacci-based targets might not materialize as anticipated. Logarithmic Scale and Weekly Timeframe The logarithmic scale provides a useful perspective for long-term percentage changes but may obscure short-term fluctuations. The weekly timeframe reinforces a macro view, but short-term traders may find limited actionable insights. Conclusion The report presents a compelling long-term bullish case for Bitcoin, using the Fibonacci channel to project speculative price targets. While the technical analysis is insightful, reliance solely on Fibonacci levels is risky in a highly volatile market like cryptocurrency. Investors should supplement this analysis with fundamental insights and remain cautious of speculative targets. This analysis underscores Bitcoin's potential for growth but also highlights the need for diversified strategies and vigilance in navigating the dynamic crypto market. Disclaimer: This is not a financial advisor. This analysis is purely for informational purposes and should not be considered as investment advice. Trading involves risk, and you should consult with a financial professional before making any decisions.
BITSTAMP:BTCUSDLong
by SigmaSignals
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.
BITSTAMP:BTCUSDLong
by D1GITALTRADES
Bitcoin - Weekly Forecast - Technical Analysis & Trading IdeasMidterm forecast: 73777.00 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: A trough is formed in daily chart at 88963.75 on 01/13/2025, so more gains to resistance(s) 102643.85, 108293.92, 110000.00 and more heights is expected. Take Profits: 99607.07 102643.85 108293.92 110000.00 115000.00 118110.67 120000.00 125000.00 130000.00 134142.91 Total Profit: 5567500 point (55%) Closed trade(s): 506200 point Profit Open trade(s): 5061300 point Profit Trade Setup: We opened 11 BUY trades @ 94545.07 based on 'Hammer' entry method at 2025-01-13. Closed Profit: TP1 @ 99607.07 touched at 2025-01-15 with 506200 point Profit. (5%) Open Profit: Profit for one BUY trade is 99606.37(current price) - 94545.07(open price) = 506130 point (5%) 10 trade(s) still open, therefore total profit for open trade(s) is 506130 (5%) x 10 = 5061300 point (50%)
BINANCE:BTCUSDLong
by ForecastCity
25
Complete analysis of Bitcoinhello friends We came with Bitcoin analysis. After a strong rising wave, we entered the channel phase and entered the correction phase with a falling pattern at the ceiling. Now we have identified for you the first identified support that we expect to reach there. If the support range is maintained, we will go for a new ceiling, but if the range is validly broken, we should expect a deeper correction than the 85 range. *Trade safely with us*
by TheHunters_Company
What could trigger such a sharp price move?Hello, my dear followers!💋 I hope You're all doing well and You had an amazing weekend!🫶 But now, let’s get back to our favorite topic: BITCOIN.😉 When can we expect a strong price movement? Such a move would present a huge opportunity for all of us!🙌🏻 What have I drawn on the chart, You ask? Let’s break it down! The chart I’m showing you is a 2-hour timeframe. Since December 17, 2024, Bitcoin has been moving in a downtrend, which means that as long as the price remains within the triangle I’ve outlined, the medium-term trend is bearish. From the first sharp drop to the second sharp drop, there are 245 candles. Based on this, we can roughly estimate that the next significant price movement might occur within the same range of time—around the area marked by the yellow circle on the chart! What could trigger such a sharp price move? The inauguration of the new U.S. President and their first days in office could be the catalyst. Following the inauguration, the market may react strongly to any statements or executive orders. What will it be? Nobody knows, but I believe it’s going to be intense! What Did Trump Promise Regarding Cryptocurrency? Before the elections, Trump’s stance on cryptocurrency was a hot topic. He previously expressed skepticism about Bitcoin and other cryptocurrencies, stating that he preferred a strong U.S. dollar as the global reserve currency. However, during his campaign, he hinted at introducing stricter regulations for the crypto market to ensure transparency and prevent illegal activities. At the same time, Trump also acknowledged the potential of blockchain technology for improving financial systems. If he follows through with his promises, we might see a combination of increased regulation and blockchain adoption initiatives, which could create significant volatility in the crypto market. What do You think?🧐 Drop Your thoughts in the comments below! Thanks for Your attention💋 Sincerely Yours, Kateryna🩷
BINANCE:BTCUSD
by RocketBomb
40
BTC could dump again if USDT.D chart does same thing againThe last time I posted this was when USDT Dominance chart touched the green trendline on the chart and bounced off the red trendline on the RSI. Will this happen again causing another flash dump or will the bullish scenario I posted in last analysis (see below chart link) come to fruition? As you can see the blue trendline on chart at 91790usd is major support. The RSI pink trendline on left chart shows it is at resistance right now. What just happened was a failed attempt to close a possible head and shoulders pattern, trapping shorts under the support causing this short squeeze in play right now. The question is whether the pump will continue or will it go back down. The USDT.D chart will tell us. Hit the like idea rocket button if you like the idea and analysis.
CRYPTOCAP:USDT.D
by Pro_Trader_HTBB
1
Bitcoin and 1000 scenarios!In the first scenario, if Bitcoin reaches the inflection point in the middle of the channel and does not go lower, it will go up. In the second scenario, if it goes lower, it will reach the bottom of the channel. In the third scenario, if the bottom of the channel breaks, it will go to a higher bottom. But in the fourth scenario, if it breaks the top of the channel, it will go up. In the fifth scenario, it will not go anywhere and will move in place. In the sixth scenario, it will move in all directions at the same time. :|
by EhsanHz07
1
How NOT to miss the upcoming BULL marketInvesting in the third year of a cycle is always challenging. One day, cryptocurrencies pump suddenly without proper consolidation; the next, they dump and give off bear market vibes. 🐻📉 New narratives, like AI agents, emerge—and no one knows how long they'll last. 🤖⏳ In other words, there are more unknown variables than known ones, leaving the average investor confused, throwing money into the market without truly enriching themselves. 💸 Bitcoin needs one full 60-day consolidation cycle to continue its uptrend. This cycle will allow the 1-week and 2-week Cycle indicators to move downward and reverse, paving the way for a healthy continuation upward. 🚀📈 Let’s take a look at the most likely scenario for Bitcoin: While the price might rise temporarily, we need to form a weekly cycle bottom—and it doesn’t look like that has happened yet. 🕰️🌊 If Bitcoin starts pumping from here and surpasses its all-time high next week, we can confirm a new cycle has begun. However, the most probable scenario involves some consolidation, shaking out weak participants before resuming the uptrend. 💪🏼💥
Long
by TheStrategyMaster
1