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
Bitcoinprice
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.
Bitcoin appears to be stalling at the Fibonacci level.The anticipated Santa rally did not materialize, highlighting weakness in the community. The much-discussed $100k level now seems unattainable as we close out 2024. However, the focus has shifted to maintaining BTC at GETTEX:92K —a level that appear particularly strong.
This GETTEX:92K level has acted as resistance four times in the past and is now serving as support for the fourth time. Interestingly, the 38.2% Fibonacci retracement level aligns with this zone, adding to its significance.
The Bollinger Bands indicate an extreme situation, with prices moving beyond the range of the past 20 candles.
In just two weeks, BTC is down almost 14% from its all-time high (ATH).
In my view, this situation is far from resolved, and 2025 may begin with even weaker dynamics. Why? Financial market fundamentals are deteriorating, the festive period is over, and the next two months are historically the most challenging and inactive.
Crypto Market Update - December 30 2024Monday Alpha Report
2024 12 30
The Head & Shoulders meme has arrived, with all the major crypto outlets & content creators parading the concept of Bitcoin’s imminent decline to $80,000.
In last week’s reports, I advised a cautious approach and talked about several risk factors appearing in the market. As I expect volatility to pick up this week, it’s essential to be aware of the current downside risk as well as the longer-term upside potential.
While I initially had a more dismissive attitude over the Fed’s hawkishness during our most recent FOMC meeting, as price has continued to be impacted, I doubled down on my analysis. I highlighted how Bitcoin’s significant rallies throughout 2024 were in large part due to a dovish stance from the Fed and clear guidance on current and future rate cuts.
During Powell’s speech two weeks ago, that dovishness evaporated as he pivoted from the assurance of rate cuts to almost the opposite, with the market now pricing in potential RATE HIKES in 2025. This was the catalyst for the current decline in price, bringing Bitcoin back within it’s historical trend of tracking Global Monetary Supply (which has been contracting).
While the majority of the market feels that we are on the brink of an imminent continuation of the Bull Market, as I pointed out not only in last week’s reports but during last week’s live streams, we don’t see the strength we have seen throughout September and November until optimistically end of January, but more realistically end of March or May.
This is because the Fed can’t be seen as so quickly flip-flopping on the issue of inflation, which should not even be their primary concern; unemployment should be, but I digress.
Therefore, my current baseline case is that Bitcoin enters a period of consolidation similar to what we saw from April through October, ranging consolidation making lower lows.
Now, on the topic of alt season, I have yet to reach a conclusive stance on this. As I said in my last report, the market seems committed to the idea of it kicking off Q1 of 2025. Now, even though I believe Bitcoin is unlikely to return to its bullish stride until Q1/Q2 of 2025, there is a historical precedent for altseason popping off without the need for Bitcoin to be rising in price: the 2018 altseason.
At that time, Bitcoin peaked and had already corrected by nearly 30% before alts began to go parabolic. With most alts down significantly, this scenario is unlikely but not impossible. However, at this time, I am not betting heavily on it. Therefore, it is safest for traders to focus on their high-conviction plays and take advantage of the next few months to rebalance their portfolio, set aside fresh capital for investment on further dips, and hold long-term plays.
In the short term, there will be lots of plays for us to anticipate and take advantage of, the primary one right now being AI Agents. I have been doing a deep dive into the ecosystem and market mechanics of the AI Agent sector, spending far too much time on cookie.fun for example, than I would care to admit.
This is the most promising, albeit high-risk, sector to focus on right now for immediate gain and trade opportunities. I recommend adopting a simple trend-following, moving average crossover strategy (30 over 50 EMA) on the 1 to 4-hour timeframe for a simple strategy, as this has backtested to be wildly successful on these assets.
I will post recommendations and trade setups as the New Year progresses.
Market Opportunities:
SPORE - I posted about the Spore opportunity on Thursday. It went up 70% following my post. Has pulled back from LSE:80M MC to $48.5M. Keep your eyes on this one; it might run again, or the party might be over for a while. Momentum is about to fire long on the 4H.
YNE - yesnoerror, sub FWB:30M MC. It’s a ‘DeSci’ AI Agent powered by OpenAI’s o1 model. Its job is to analyze scientific papers for mathematical errors. Followed by most of my smart money accounts on X.
Contract Address: 7D1iYWfhw2cr9yBZBFE6nZaaSUvXHqG5FizFFEZwpump
Chain: Solana
X: x.com
Macro:
Stablecoin Dominance
So far has been unable to successfully break above 6.00%, however our shorter-term moving averages are creeping up, signifying a potential breakout. While we remain underneath the Daily 200 SMA, this metric is in a bearish trend but it is still showing early warning signs of trend reversal.
Stablecoin + Bitcoin Dominance:
So far, following my original game plan to a T. Dead-cat bounced to re-test the breakdown zone, and is currently trending back down below the 200 SMA. If this trend continues, it will be the strongest evidence of altseason coming as the market predicted.
Altcoin Performance Relative to Bitcoin:
Following the expected bounce from the 200 SMA + Time Transformation Buy Signal, this metric mirrors stablecoin dominance: tight consolidation. So far, this is promising as we have not seen an immediate rejection as altcoins tentatively hold on to their outperformance of Bitcoin in the short term.
Bitcoin
Trends:
5M: Bullish
30M: Bearish
1H: Bearish
4H: Bearish
D: Bullish
Key Levels:
POC: $95,347
VWAP: $93,035
Value Area High: $94,700 - $95,171
Value Area Low: $90,899 - $91,946
Resistance: POC
Support: $92,000
Strategy:
Bitcoin is putting in a nice reaction following its brief dip below $92,000 - however, we’re far from out of the woods. 30M is coming up upon resistance, and price has been faked out several times. Price above $95,000 starts to get a bit more hopeful; however, I see a position here. Unless the last four hours of gains are completely given back, this is a promising Daily Doji candle at support, which has lead bounces on the three previous situations in which it occurred.
I can’t underscore enough, however, that Bitcoin is on the cusp of losing its bullish daily trend and is bearish on all other time frames less the 5 minute. The only other chance would be a bounce off the 10 Weekly EMA, which we just experienced on today’s dip.
Regardless, Bitcoin either takes advantage of this short-term momentum and makes a test of $96,000 - or we give back our gains quickly and break support, opening up the $80-$85,000 territory for us. The former is more likely.
BTC Target Price & Supports after 12/30/2024 structure break.BTC has broken its current market structure and is now seeking new support. I’ve identified three key support zones and a potential target price to monitor for the future. I plan to execute three trades, each with a 2% risk allocation. The exit strategy will be determined later, but for now, the target price serves as the anticipated level for evaluation.
Bitcoin Post-Halving Shockwave: Why 2025 Could Still See a Mega Now that the much-anticipated 2024 halving is in the rearview, the big question is: Will Bitcoin continue its explosive post-halving trend? My long-term chart analysis suggests that BTC remains on track for a powerful rally—if certain key support zones hold and historical patterns play out. Here’s what I’m seeing:
Post-Halving Volatility
We’ve already witnessed a surge in volatility around the 2024 halving date (which occurred earlier this year). Historically, halvings have often propelled multi-month bull markets, though they don’t always ignite immediately. Keep an eye on the next few quarters for signs of a prolonged uptrend.
Mature Ascending Channel Since 2017
The broad rising channel (outlined on the chart) has been a reliable guidepost. Multiple touchpoints along its upper and lower boundaries highlight how BTC has respected this structure for years. As long as price remains within this channel, the long-term bullish bias stays intact.
Critical Support Zones (S1, S2, S3)
I’ve identified major horizontal levels where strong buying pressure has historically emerged. If the market corrects from current levels, these supports could offer prime “buy the dip” opportunities—or serve as warnings if they fail to hold.
2025 Outlook
If previous cycles are any indication, we may see a continued grind upwards heading into 2025. Bitcoin’s supply dynamics, combined with growing institutional interest, support the potential for a high-volatility, high-upside environment. However, it’s essential to stay flexible and keep tabs on macro factors.
Bottom Line: The halving has come and gone, but its after-effects may just be warming up. Whether you’re bullish or bearish, always back your technical analysis with robust risk management. What are your thoughts on Bitcoin’s post-halving trajectory? Let me know in the comments below!
Warning: Bitcoin Could Trigger an Economic Collapse This opinion might not be popular—especially here on Tradingview—but it’s worth discussing. Blind faith in Bitcoin can be dangerous, and today I want to shed light on the risks it entails. This post isn’t about creating fear but rather about encouraging critical thinking and risk assessment.
As a supporter of cryptocurrency and Bitcoin myself, I’ve observed a troubling trend: people are rushing to buy Bitcoin at any price, ignoring a crucial possibility—it might be the largest financial pyramid ever created, with the potential to collapse the global financial system. Here’s why:
Key Risks Associated with Bitcoin
1. Software Vulnerabilities
Bitcoin relies on software developed by the Bitcoin Foundation. This software is not infallible and could contain bugs or even be exploited maliciously. While these wouldn’t compromise the blockchain itself, they could lead to massive theft of funds, triggering a price crash and eroding public trust.
2. Quantum Computing Risks
Current cryptographic security is robust, but computational power is advancing rapidly. Quantum computers pose a theoretical threat to Bitcoin’s encryption. While developers are preparing for this, transitioning to quantum-resistant technology is far from guaranteed to be seamless.
3. Lack of Real-World Use Cases
Bitcoin is often compared to gold, serving as a store of value rather than a functional currency or technological tool. Unlike gold, which has practical applications across industries, Bitcoin’s value hinges entirely on preservation and speculation. Is that enough to sustain its growth?
4. Potential Financial System Collapse
Bitcoin is now deeply intertwined with traditional finance. ETFs like BlackRock’s funnel massive amounts of investor money into Bitcoin. As long as new funds flow in, prices soar. But BlackRock doesn’t care about Bitcoin’s fate—it simply follows the money. If outflows begin, BlackRock will sell, accelerating a price crash. A 90%+ drop could trigger a financial system-wide crisis, impacting everyday people’s savings and investments.
5. Market Manipulation
The crypto market operates in a “Wild West” environment with limited transparency. Institutional and retail investors control 56% of Bitcoin, and Satoshi Nakamoto’s wallet alone holds 5.2% of all BTC. These entities can manipulate prices, short the market, and crash prices for profit without facing any repercussions. In traditional finance, this would lead to prosecution. In crypto? They remain untouchable.
Reality Check: No Risk-Free Investments
There’s no such thing as a risk-free asset or flawless technology. Bitcoin’s allure is built on a dream, but that dream must be scrutinized. Stay alert and cautious.
As for me? Despite these risks, I’ve invested in Bitcoin and held it for a long time. Will I continue? Time will tell. I believe Bitcoin has only two potential outcomes: MIL:1M + or $0. Let’s hope the risks I’ve outlined are nothing more than the ramblings of someone writing at 9 AM. Good luck to all of us!
Yours sincerely,
Mister iM
UP "Please provide a meaningful and detailed description of your prediction..." Says Tradingview
Up. It go up. Why? Idono the same as you do or do not know. It's the simple things I think that makes dollars sound like soundness of mind. While lil Timmy has been working hard to get a few bucks to buy his favorite dog coin he heard about at lunch yesterday in middle school.
Asking a fool like me what to buy with his allowance. Who isn't looking for a return nowadays I guess even at 11 we need to make 1000x gainz because "10 years!?" "That's forever!" he and any other like minded person may say to me. I think all they heard was the "10 Year" Part...😋
Ya know? One things for sure we are all counting dollars when this or whatever thing you think will make you money moves up or down. Hummmmmm Maybe there's something to that whole I need a dollar thought?🤑
I bet it would be carzy to see the Yield on the 10 year US GOV Bonds run up to 16%.
What kind of future are we all living in when that happens??? Asking for this 11 year old thats asking me what the next best coin is from here....
YOLO Moonboyz 🌛 If you feel so inclined to do so.
🚽👄 Toilet Mouth: "Why do all your post say Short!?" or a bunch of "BUT, BUT, BUT"
⭐Not my job to tell you to buy or sell entries matter to most I only care about my exits.
⭐Let each person determine their cost to acquire and choice to play or not.
No Advice to give just thoughts that I can't shake after the last 8 years in the world of "CRYPTO"
Things 🤷♂️ #Fixed IDK!
🙏FOR JUST A HEALTHLY PULLBACK!
""KEEP CALM AND MANAGE THY RISK & BALANCE your Senses!""
I am The CoinSLayer 👨💻😈
You have been warned by The Coin SLayer!
P.S. Now witha bag!
P.S.S. well two or Ten
Bitcoin Head and Shoulders confirmed
Bitcoin Head and Shoulders confirmed, with a slight adjustment, that it targets approximately 81k, including my prediction of potential developments.
$88,770 will act as support since that was the RSI high using the 14 period and will receive a positive reaction, bouncing off the head and shoulders trend-line, then failing, and ultimately reaching the target of 81k. I believe we will test the November 5th election candle, which serves as a macro swing at the 68k range.
#Bitcoin $BTCUSD [2 Marks 75-73k & 115k]CRYPTO:BTCUSD is anticipated to test the 75k : 73k zone where a huge demand is located whereoff it is anticipated to retest ATHs and probably break to 115k.
Closest demand is located at the breakout zone.
#Bitcoin #BTC #COIN #CRYPTOCURRENCY #CRYPTO #BITCOINPRICE #BTCANALYSIS #AHMEDMESBAH
Bitcoin Roadmap=>Short-term!!!As I expected, Bitcoin ( BINANCE:BTCUSDT ) once again attacked the 50_SMA(Daily) but failed to defeat it .
Bitcoin is currently moving near Heavy Support zone($95,000-$90,870) , Support zone($96,620-$95,520) and Potential Reversal Zone(PRZ) .
According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the main wave 4 . To confirm the end of the main wave 4 , we need to confirm the break of the 50_SMA(Daily) .
It also seems that Bitcoin in microwaves should experience an upward movement in the coming hours.
I expect Bitcoin to at least rise to the Targets I have specified in the chart.
⚠️Note: If Bitcoin goes below the 50_SMA(Daily), we can expect a break of the Heavy Support zone($95,000-$90,870).⚠️
⚠️Note: In general, the analysis is short-term, and holding a long position for targets above the Resistance zone($100,000-$98,130) is a little risky.⚠️
🙏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.
2025 BITCOIN PRICE PREDICTIONBased on the current market, all the fundamentals and technicals considered i think BTC could hit $150,000 in 2025 on the next bull run, but first we need a large pull back to complete the fib's retracement levels.
On the monthly time frame the candle formations have started to clearly show signs of deceleration and liquidation as the market slows down, we also have a high test / reversal candle which does indicate the market could be starting to reverse which would make sense after a large pump like the one we saw to $100k, the market needs to offer relief and pull back.
On the weekly we have again signs of deceleration and a few recent candles that signal bearish momentum is incoming. All of this coupled with a large liquidation percentage as BTC famously hit $100k does clearly indicate a move on bigger time frames to the down side.
My target for the downside move / pull back is around the $71,000 level, this is due to this being the next major support level and it also aligns nicely with the 61.80% fib retracement level which adds some correlation to the strategy.
If we get this large pull back / dump to $71,000 i would expect BTC to reject the support / fib level, this area will attract a lot of attention from buyers / traders and will likely see aa large influx of liquidity to support a rejection and pump to the upside, this is likely the price area w would see BTC change it's trend from bearish to bullish.
The fib generates a potential target of $150,000 on this move which also aligns very nicely with a psychological level, a lot of traders will target / take profit at the $150k mark purely because it is a nice round number, similar to $100k.
Remember ALT's move in correlation to BTC, so if this move does play out it will also give us plenty of massive opportunities to get in on some good ALT's like SOL, ETH etc and catch the ride as they'll also pump with BTC, so if BTC creates new ATH's at $150k then so will the majority of the ALT coins.
BTC Needs to Test $80kThe key levels are marked on the chart to identify potential support and resistance zones. The price seems to be hovering around the 0.382 retracement level (~92,695), with a potential move downward. The price has broken below the cloud, which could be interpreted as bearish.
The downward trend is targeting the region around the 0.786 retracement level. This area could act as a potential support zone.
BTCUSD BITCOIN BTC/USD is presenting an ideal opportunity for a sell position if you're targeting a broader downtrend. Alternatively, traders can capitalize on the current market fluctuations with scalping strategies to secure quick, short-term gains. Always prioritize risk management and stay vigilant with your trading plan.
ADA/USD on high timeframe
"Regarding ADA, as anticipated in the previous analysis, the price broke through the $0.75 zone and experienced a sharp rejection. I foresee the price reaching a new higher high at $1.50. However, if the price closes below $0.70 on the high timeframe, this analysis may prove to be incorrect.
BTCUSD most read caption BTC/USD is presenting an ideal opportunity for a sell position if you're targeting a broader downtrend. Alternatively, traders can capitalize on the current market fluctuations with scalping strategies to secure quick, short-term gains. Always prioritize risk management and stay vigilant with your trading plan.
DECRYPTING THE TETHER FUD: Emergency Update!DECRYPTING THE TETHER FUD: WHAT IT MEANS AND HOW TO STAY PREPARED
##What’s Happening with Tether? A Simple Breakdown
Tether (USDT), the most popular stablecoin, is facing challenges in Europe due to new rules called Markets in Crypto-Assets (MiCA). These rules, starting December 30, 2024, require stablecoin issuers like Tether to follow strict guidelines, including getting an e-money license. If Tether doesn’t comply, it could be removed from European exchanges.
## Why Does This Matter?
- Less Liquidity: Tether is a major player in crypto trading. Losing it in Europe could make trading harder and more expensive.
- Market Panic: Big news like this can make investors nervous, possibly leading to a drop in prices across the market.
## What is Tether Saying?
Tether’s CEO, Paolo Ardoino, says this is all part of a “FUD campaign” (Fear, Uncertainty, and Doubt). He insists that Tether is working on meeting the rules and staying transparent.
## What Should You Do?
1. Spread Your Risk: Don’t rely only on Tether. Try using other stablecoins like USDC or DAI.
2. Stay Informed: Keep an eye on updates about Tether’s progress with the new rules.
3. Plan Ahead: Check which exchanges and trading pairs you can use if Tether faces restrictions.
---
The Bottom Line
Tether’s situation is serious, but there’s no need to panic. By diversifying and staying alert, you can protect yourself while the crypto market adapts to these changes.
Though these kinds of Tether fuds are generally considered to be the catalyst of altseasons, this could be the best time to be prepared.
If you have any serious questions, my comments are open, I will read you.
If you found this helpful, please hit that like button and share your views in the comments.
Thank you
#PEACE
BTC pullback before inauguration?Merryy Christmas guys and upcoming New Year!
Seems like we gonna meet New Year w BTC lower than100k...
Looks a bit scary, but here is in short what we have:
1) Daily MA cross. Which is bearish sign
2) Divergence between raising BTC channel and volumes
3) If the price will follow the red line move, it will form double top pattern 🥲
My expectations: I think we could correct to Fib zone around 0,236 (87k zone) and after we should check. But anyway seems like correction should happen before to continue growing and this we most likely gonna see after inauguration.
What you think guys? Help me dispel this scary picture 😅
BTC shows a 6% potential in the last 3 days of 2024.It seems we are back to the initial thesis, which is great since we already profited from the previous trade entry. Now, it feels like we’re seeing the same situation unfold again. Key indicators such as the Bollinger Bands, the 50-day moving average, the volume spikes from November 13th, sufficient corrections, and the support lines are all aligning similarly.
On a fundamental note, I’d like to add the following: with just three days left until the end of 2024, there’s the “Santa Rally” phenomenon, along with the prevailing sentiment in crypto communities that it would be exciting to close the year with BTC reaching $100k. Such a milestone could act as a psychological boost, potentially fueling a strong movement for the entirety of 2025.
The $100k level is also a significant psychological barrier. Taking all this into account, I believe this is a good opportunity to enter a position with the potential for short-term profit—up to 6%—over the next few days.
However, we need to take into account the 80% correlation with the S&P 500, which is currently at its peak levels. That said, hedge funds and institutional investors are closing deals to meet their KPIs, which could provide additional support.
Hopefully, this will sustain the overall positive vibe for the last 3 days of the year.
Yours sincerely,
Mister iM
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec27, 2024Technical Analysis and Outlook:
During this week's trading session, Bitcoin exhibited fluctuations within the newly defined Mean Resistance of 99500 and Mean Support of 91800. The analysis suggests a high probability that the cryptocurrency will experience a decline to the Inner Coin Dip 88500 prior to initiating a significant rebound. This rebound is expected to facilitate the re-establishment of its bullish trend. It is essential to consider that a rebound bull movement may indeed occur from the Mean Support 91800.