BTC Long term analysisBitcoin Weekly Analysis: Ascending Channel in Play
Bitcoin (BTC) is currently trading within a well-defined ascending parallel channel on the weekly time frame, indicating a strong bullish trend. Here's the breakdown of the setup:
📈 Channel Boundaries:
BTC price is respecting the channel's upper resistance and lower support (yellow lines).
The midline (blue dashed line) acts as dynamic support/resistance, guiding the price action within the channel.
💡 Current Scenario:
The price is trending toward the upper boundary, showing bullish momentum.
A potential retracement back to the midline is expected after touching the resistance, as illustrated by the green path.
🚀 Bullish Case:
A breakout above the upper boundary could signal accelerated bullish momentum.
BTC might continue rallying beyond the channel if volume supports the breakout.
⚠️ Bearish Case:
A breakdown below the lower boundary could signal a trend reversal, leading to bearish pressure.
🔍 Key Levels to Watch:
Upper Channel Resistance: Critical zone for a breakout.
Midline Support: Retesting this level could offer a buy opportunity in case of a pullback.
Lower Channel Support: Watch for potential trend invalidation below this level.
📊 Conclusion:
The ascending channel suggests BTC remains in a strong uptrend on the weekly time frame. Staying within the channel keeps the bullish structure intact, offering opportunities for both breakout and retracement traders.
Do you agree with this setup? Share your thoughts or ideas in the comments! 👍
Btc-bitcoin
Bitcoin (BTC/USDT) –1 H Timeframe AnalysisBitcoin (BTC/USDT) is currently testing a blue trendline resistance. If the price successfully breaks out of this trendline with confirmation (e.g., strong volume or bullish candlestick patterns), it could signal a continuation of the uptrend.
The Target
After the breakout, the next target aligns with the red zone, which serves as a key resistance area and potential profit-taking level.
DAY 5 - Daily BTC Update Merry Christmas!Yesterday's Update
🎄 Merry Christmas, TradingView Fam! 🎄
The BTC bulls are delivering a gift this holiday season 🎁! After a strong bounce, Bitcoin is eyeing $100K today, setting the stage for a spectacular Christmas Day rally.
Here’s the roadmap:
🎯 First Pivot: $100,800
🎯 Second Pivot: $105,720
Breaking through these levels will set BTC on Pathway 1, as outlined yesterday, and reinforce the bullish momentum. 🚀 (Although not breaking the first pivot could see Pathway 2)
Santa seems to have packed his bag with a Bitcoin rocket this year! 🌕
Wishing you all a magical Christmas!💫
See you all tomorrow! <3
Bitcoin Short - Final Squeeze?Negative ETF Inflows and positive ETF Outflows. We go after data right? I'm bearish until ETF data prooves otherwise. Which level will be the final one? I'm deciding on speed and time above 100k. For now target is 104-105.5. If we hover around several days at 100k without hitting any, I'm more into the 103 lvl.
Bitcoin Roadmap==>>Short-termBitcoin ( BINANCE:BTCUSDT ) is moving near the Support zone ($95,000-$90,870) and 50_SMA(Daily) , also Bitcoin managed to break the Descending Channel . Although the main Ascending Channel has been broken in the above time frame , I still expect the pullback to the main ascending channel to continue.
Regarding Elliott wave theory , Bitcoin seems to be completing microwave Y of the main wave 4 .
I expect Bitcoin to rise to at least the 🎯Targets🎯 I have specified on the chart .
⚠️Note: If Bitcoin breaks below the Support zone($95,000-$93,500), there is a high probability that Bitcoin will go below $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.
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Bitcoin’s December Outlook: Consolidation or Trend Reversal?Bitcoin Bull Market: Is It Over? A Closer Look at December's Impact
Bitcoin (BTC) has demonstrated resilience in December, with a modest decline of less than 2.5% as traders anticipate the crucial monthly and yearly candle close.
BTC Price Performance in December
Despite being approximately $15,000 below its recent all-time highs, BTC/USD has only depreciated by 2.4% compared to its December opening. This positions Bitcoin as a strong performer in 2024, with the broader bull market narrative remaining intact upon a long-term perspective. Analysts project a potential 145% price increase for Bitcoin from this year's levels.
Key Insights for the Week
The coming week holds significant importance for Bitcoin's trajectory. A weekly candle close below $92,800 could signal the start of a bearish trend, potentially driving prices toward $79,580 and $71,400 in January. Conversely, if Bitcoin stabilizes above $92,800, it is likely to trade within the range of $92,800 to $103,760.
For a renewed bullish outlook, a daily candle close above $103,560 is critical, as it would pave the way for upward movements toward $127,510 and $149,100.
Key Levels to Watch
Pivot Line: $92,800
Support Levels: $79,580, $71,400, $64,920
Resistance Levels: $103,757, $127,511, $149,100
Trend Outlook
Consolidation: Between $92,800 and $103,760
Bearish Trend: Below $92,800
Bullish Momentum: Above $103,560
LPTUSDT Ecpecting 30%+ Gain LPTUSDT, currently trading at $18. Analysts predict a target price of $26, indicating a potential gain of over 30%. This forecast is based on the coin's price movement, which is following a support and resistance pattern. Specifically, the price is bouncing off the support level, suggesting a potential upward trend. Investors may consider buying LPTUSDT at its current price, with the goal of selling at the target price to realize the predicted gain. To manage risk, a stop-loss order can be set below the support level. Overall, the investment strategy for LPTUSDT carries a medium to high level of risk.
BTC enters the parabolic stage of the bullmarketPredicting the tops and bottoms of Bitcoin - in a macro sense - is not that easy. But some indicators can give us a clue or kind of sense of caution warning when to exit or enter the market.
One of them is the "MVRV Z" indicator. It is a chart indicator that uses blockchain analysis to identify periods where BTC is extremely over or undervalued relative to its "fair value".
Historically it has been very effective in identifying periods where market value is moving unusually high above realised value. It also shows when market value is far below realised value, highlighted by the green lines. Buying Bitcoin during these periods has historically produced outsized returns.
This chart indicator is generally useful for predicting Bitcoin price at the extremes of market conditions. It is able to forecast where price may need to pull back when the score enters the upper red hot periods and also when price may rally after spending time in the lower green band.
Historically it has picked major Bitcoin price highs to within 2 weeks.
So far BTC has done a great job holding in the middle value band. It's in the stage of taking the next leap breaking out of it to the upside completing the bullmarket, also referring to past historical breakouts which happenend in similar fashion after a long lasting bearmarket.
BITCOIN In Coming Days!As I mentioned in previous analyses, Bitcoin finally broke the wedge and the price turned bearish. However, now if the price can break the 0.618 Fibonacci line, it can rise up to 107k dollars.
previous analyses
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BTC ( Bitcoin ) will first need a correctionBitcoin will first need a correction and then continue its upward trajectory.
Given the current situation, it should correct to the highlighted area to evacuate sellers and bring in new buyers.
This support area is quite strong and has the intersection of two strong technical supports.
After that, it will either grow rapidly or, after a little bit of suffering and attracting liquidity from new buyers, it will start to grow incrementally.
If you have followed my ideas, you will see that they always point to the desired point and have a correct prediction trend.
Bitcoin - Bitcoin went below $100,000!Bitcoin is below the EMA50 and EMA200 in the four-hour time frame and is trading in its ascending channel. Capital withdrawals from Bitcoin ETFs or risk OFF sentiment in the US stock market will pave the way for Bitcoin to decline. Bitcoin sell positions can be looked for in supply zones.
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important.
Following hawkish remarks from Federal Reserve Chair Jerome Powell, Bitcoin (BTC) plummeted from its peak of $108,135 on December 17 to below $95,000. Powell’s comments, which signaled the Fed’s ongoing battle against inflation, triggered a sharp selloff in the cryptocurrency market. He indicated that only two interest rate cuts might occur in 2025, as opposed to the four cuts previously anticipated.
Additionally, the Federal Reserve revised its 2025 inflation forecast from 2.1% to 2.5%. Even the 2026 forecast stands at 2.1%, exceeding the central bank’s 2% target. This suggests that inflation could persist for another two years, compelling the Fed to keep interest rates elevated for longer than initially projected.
Bitcoin ETFs, after experiencing 15 consecutive days of capital inflows, saw an unprecedented $680 million outflow on Thursday. This trend continued into Friday, with an additional $270 million withdrawn. Cryptocurrency investors, reacting to the Fed’s decision to slow monetary easing next year, moved substantial capital out of the market.
In the United States, Bitcoin ETFs have surpassed gold ETFs in assets under management (AUM). Despite gold ETFs’ 20-year history, Bitcoin ETFs now manage $129.3 billion, compared to $128.9 billion for gold ETFs.
MicroStrategy, a company renowned for its massive Bitcoin holdings, successfully entered the Nasdaq index. With 439,000 Bitcoins valued at $42.64 billion, the company controls approximately 2% of the total Bitcoin supply. This milestone highlights MicroStrategy’s strong position in the Bitcoin market and has boosted its stock price (MSTR) to $364.20. The company’s innovative strategy of leveraging Bitcoin as a growth asset showcases a unique approach in the financial world.
Bitcoin’s volatility has steadily decreased in recent years. By October 2024, its monthly volatility had dropped to 11%, lower than that of high-profile tech stocks like Tesla (24%), AMD (16%), and Nvidia (12%).
Arthur Hayes, the former CEO of BitMEX, recently shared his outlook on the cryptocurrency market. He predicted a “horrific collapse” around the inauguration of U.S. President-elect Donald Trump on January 20, 2025.
Hayes wrote, “The market believes Trump and his team can deliver immediate economic and political miracles,” but pointed to a gap between investor expectations and the “absence of quick, viable policy solutions.”
Hayes forecasted that implementing changes to cryptocurrency policies would likely take far longer than the market anticipates. He added, “The market will soon realize that Trump, at best, has only a year to execute any policy changes in or around January 20. This realization will trigger a massive selloff in cryptocurrencies and other Trump-related trades.”
He also predicted that a “steep decline” would occur around Trump’s inauguration day, followed by a “crack-up boom phase” in late 2025. This phase, typically seen after financial crises, is characterized by rapid price increases, high inflation, and financial instability.
Bitcoin Mid TermFirst Impression:
The BTC/USD pair appears to have dropped below the $95,000 level and is under selling pressure. Strong support levels are evident in lower regions. The price is retracing toward levels that previously acted as support during bullish moves.
Volume Analysis:
No notable increase in volume is observed on the chart. This could indicate that the current downward move is a low-volume correction or that the market is indecisive. However, if volume increases, the likelihood of the downtrend continuing may rise.
Price Action:
The price is trading around $94,000, showing downward movement. Below, key support levels are visible near $90,700, $88,000, and $85,000. These levels have historically been areas where strong buyers stepped in, making them potential zones for price reactions.
Positive Scenario:
If the price holds at $94,000 and starts a recovery move, it could climb back above $95,000. In this case, $97,500 would be the first target. Sustained movement above this level could push the price back toward the psychological resistance at $100,000.
Negative Scenario:
If the price drops below $94,000, a decline toward $90,700 becomes more likely. A break below this support level could lead to further declines to $88,000 and then $85,000. This scenario would indicate continued selling pressure.
High Probability:
Given current market conditions, it is highly probable that the price consolidates between $90,700 and $94,000 for some time. The balance of buyers and sellers in this zone will determine the direction of the next trend.
Overall:
The BTC/USD pair is trading near a critical support zone. The $94,000 level should be closely monitored; a drop below this level could drive the price toward lower supports. For upward recoveries, $95,000 and $97,500 are the first resistance levels to watch. Strategies should be adjusted based on volume and price action.
$BTC - Crucial Level We got a nice absorption into 92k, price rebounded with bullish flows in equities this brought back the passive buyer behind price.
So far, we're holding 96k during the weekend, however, weekly close will be a tell-tell as we need to get above m_rvwap
We're now rejecting at 98.5k and if we can't get above our m_rvwap , higher chance we'll slow bleed until 88k to 86k.
98.5k is a crucial level to reclaim in the short term, else, will consider this as bearish retest.
Has BITCOIN reached its maximum and is a bear market coming?To make a prediction about Bitcoin’s next rally based on historical patterns, we should first examine the overall trends and how these increases and decreases have evolved in percentage terms.
Data observations:
337,000% increase -> 93% decrease
Massive increase, followed by a steep correction.
61,000% increase -> 86% decrease
Significant increase, but smaller than the first, and the decline was still close in percentage terms.
11,000% increase -> 84% decrease
Smaller increase, the decline remains large, but slightly milder.
2,000% increase -> 77% decrease
Significantly smaller increase compared to previous cycles, and the decline continued to moderate.
Observing a descending pattern:
The increases seem to be getting smaller and smaller with each cycle, and the decreases also tend to be less severe. This shows diminishing returns on increases and a reduction in market volatility.
Estimate for the next increase:
Given this pattern, the next percentage increase could be significantly smaller than the last one (2,000%). If we apply a progressive reduction coefficient, as was the case in previous cycles, the increase could be around:
~300%-500%.
This would mean a maximum increase of 5x from the low of the last cycle, and currently we have an increase of over 600%, that is, 6x. Is this ATH in this bull market?
To estimate the duration of the next Bitcoin uptrend, we can analyze how the duration of these uptrend cycles has evolved over time:
Historical data:
240 days
730 days
850 days
1050 days
Notes:
The increase in duration between cycles is not uniform, but follows a general trend of extending duration.
The duration increase intervals were:
From 240 -> 730: +490 days
From 730 -> 850: +120 days
From 850 -> 1050: +200 days
Analysis:
The duration extension appears to be accelerating moderately, with an irregular but generally increasing trend.
If this pattern continues, the next cycle could add between 200 and 300 days to the previous duration (1050 days).
Estimate:
The duration of the next cycle could be:
~1250-1350 days.
This estimate corresponds to a natural extension of Bitcoin cycles, reflecting wider adoption and lower volatility as the market becomes more mature.
Bitcoin's Bullish Cycle📊 Bitcoin is currently in a bullish cycle on the 4H timeframe.
🔑 The key resistance area is around $99K-$100K, with a potential next target at $107K, while strong supports are identified at $94K and $92K.
✅ A pullback to the Point of Interest (POI) is expected, after which, if buyers demonstrate sufficient volume, Bitcoin could initiate another upward leg toward $102K-$107K.
⚠️ Trading carries risk; ensure proper research and risk management.
Bitcoin is Ready to Pump Again==>>Short-termBitcoin ( BINANCE:BTCUSDT ) moved as I expected yesterday.
Bitcoin is moving near the Ascending Channel's lower line , Support lines , and Potential Reversal Zone(PRZ) .
According to Elliott's wave theory , Bitcoin seems to be completing wave 5 .
I expect Bitcoin to rise again from the Potential Reversal Zone(PRZ) and Support zone($95,000-$93,500) .
⚠️Note: If Bitcoin breaks below the Support zone($95,000-$93,500), there is a high probability that Bitcoin will go below $90,000.⚠️
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 15-minute 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.