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Bitcoin Inches Closer to Breaking Point: What’s Next?Bitcoin Faces a Decisive Moment: Will It Break Through? Bitcoin is trading at 96,829.3, marking a 10.7% drop from its all-time high of 108,421.6, achieved just 29 days ago. Market indicators paint a mixed picture: RSI14 at 60.2 signals an approach to overbought territory, while MFI remains steady at 54.8, hinting at moderate market momentum. Adding to the tension, a VSA Sell Pattern 2 has emerged, suggesting a potential short-term pullback. The critical levels to watch are 94,568 as support and 100,606 as resistance—key points that could determine the direction of Bitcoin’s next major move. Will the bulls regain control and push Bitcoin beyond its resistance, or will the bears drive a correction toward the lower support levels? The stakes are high, and today could set the stage for weeks to come. Are you ready to navigate this pivotal moment? Bitcoin Pattern Roadmap: Key Moves and What They Mean Understanding Bitcoin’s recent price movements through the lens of patterns provides traders with valuable insights into the market's rhythm. Below is a detailed roadmap based on the sequential analysis of VSA and volume-based patterns. Only the patterns that correctly confirmed their trigger points and main directions are included to give you a focused view of the market’s true behavior. January 13, 2025 – VSA Sell Pattern 2 : This sell pattern emerged with a main direction of downward pressure, starting from an open of 97,150.0 and closing at 96,655.5. The next price action confirmed the bearish sentiment as the market continued to dip, validating this signal. January 13, 2025 – Increased Buy Volumes : Just hours later, buy volumes spiked, signaling potential recovery. The open at 91,080.9 led to a close of 91,784.8, and this bullish momentum carried through the following session, reinforcing confidence in this pattern’s accuracy. January 13, 2025 – Sell Volumes Takeover : Although the main direction suggested bullish activity, this pattern didn’t fully validate, as subsequent candles demonstrated indecision. This indicates it might have been a false signal. January 12, 2025 – VSA Buy Pattern 1 : This key pattern predicted upward momentum with an open at 93,862.8 and a close at 93,973.9. Its main direction played out as expected, with prices climbing steadily in subsequent bars, cementing its effectiveness. January 11, 2025 – VSA Buy Pattern 3 : Marking another bullish signal, this pattern triggered upward movement from 94,024.2 to 94,323.5. The continuation of this trend confirmed it as a reliable forecast for the short term. What Does This Mean for Traders? Each pattern, when validated by subsequent price action, adds to the roadmap of Bitcoin’s trajectory. The market’s consistent respect for key support and resistance levels underscores the reliability of technical patterns. Use this roadmap to position yourself strategically, keeping an eye on similar setups to anticipate the next big move. Are you ready to align with the market’s flow? Technical & Price Action Analysis: Key Support and Resistance Levels When it comes to Bitcoin, traders know the game revolves around critical support and resistance zones. These levels act as battle lines between bulls and bears, determining the market’s next big move. Let’s break them down: Support Levels: 94,568 – A short-term safety net; losing this could bring the price closer to bearish territory. Resistance Levels: 100,606 – The immediate hurdle for bulls; cracking this will likely spark another rally. 106,064.7 – A critical zone, closely tied to Bitcoin’s previous highs. Powerful Support Levels: 76,701.7 – A major fallback point for long-term bulls; losing this would signal deeper corrections. 67,838.7 – A heavy-duty level that has historically held strong. 60,295.6 – The last line of defense before bears fully take over. Powerful Resistance Levels: 47,122.4 – A significant cap that has consistently rejected upward momentum in prior moves. 28,696.9 – The line in the sand for lower-range movements. What Happens If Levels Break? In trading, it’s all about respecting the levels. If these supports don’t hold, you can bet they’ll flip to resistance zones, making it harder for bulls to reclaim lost ground. Conversely, breaking through resistance means these levels often become strong floors, giving momentum traders something solid to lean on. Always keep an eye on these key points—they’re your roadmap to understanding where the action will heat up next. Concept of Rays: Precision Trading with Dynamic Levels The "Rays from the Beginning of Movement" concept revolutionizes technical analysis by leveraging Fibonacci-based rays that dynamically adapt to market conditions. Unlike traditional methods, these rays are drawn from the origin of a movement pattern, allowing traders to anticipate price reactions with unmatched precision. Let’s dive into how this works and explore two trading scenarios for Bitcoin using data from the latest analysis. Core Concept: Trading with Rays Price interactions with rays signal high-probability zones for either reversals or continuations. These interactions, combined with moving averages and VSA patterns, create a powerful framework for identifying entry and exit points. The first movement usually extends from one ray to the next, offering defined profit targets at each level. Two Scenarios for Trading Rays Optimistic Scenario: Bitcoin breaks through resistance at 100,606 (MA50 intersection) after interacting with an ascending ray. This move could target the next ray and establish: First target: 106,064.7 (Resistance Level). Second target: A retest of the 108,421.6 all-time high. If momentum sustains, price may form a new trend, requiring recalibration of rays to extend future targets. Pessimistic Scenario: Bitcoin fails to hold support at 94,568 and interacts with a descending ray, initiating a deeper correction. Likely targets: First target: 76,701.7 (Powerful Support Level). Second target: 67,838.7, marking a significant bearish continuation zone. In this case, descending rays will guide the market lower, adjusting with each corrective phase. Trade Opportunities Based on Rays Long Trade : Enter at 94,568 support after confirming interaction with an ascending ray and bullish VSA pattern. First target: 100,606; Second target: 106,064.7. Short Trade : Enter below 94,568 after interaction with a descending ray and bearish VSA confirmation. First target: 76,701.7; Second target: 67,838.7. Breakout Long : Position after a confirmed breakout above 100,606, targeting 106,064.7 as the next ray intersection. Reversal Short : Look for rejection at 106,064.7 and enter a short trade, targeting a return to 100,606. Key Insights for Traders The power of rays lies in their adaptability. Whether in bullish or bearish conditions, rays dynamically update to reflect new patterns. Traders can confidently position themselves after price interaction with these rays, knowing that the movement will likely extend to the next ray. Each target is clearly defined, providing a structured path for managing risk and reward. Combine these strategies with the VSA patterns visible on your charts to sharpen your execution and stay ahead of the market. Are you ready to trade with precision? What’s Next? Let’s Talk and Trade Together If you’ve got questions or want to dive deeper into this analysis, drop them in the comments below—I’m always happy to discuss and share insights. Don’t forget to give this post a Boost and save it to revisit later. Watching how the price respects the rays and levels is one of the best ways to truly understand trading and refine your strategy. My proprietary indicator draws all the rays and levels automatically, but it’s available only privately. If you’re interested in using it, just send me a message—I’ll walk you through how it works. And yes, the same approach applies to any asset, not just Bitcoin. If there’s a particular market you’d like analyzed, let me know! Some analyses I can share openly, while others can be done privately, tailored to your needs. Finally, if you’re curious about how price moves along these rays or want me to chart a specific asset for you, make sure to Boost this idea and share your request in the comments. I’ll do my best to cover as many as possible. Follow me here on TradingView to stay updated—this is where I share my ideas and insights regularly. Let’s trade smarter, together!
Long
by brandlabelden
SPY Mid week analysis 1/14/25SPY - Monthly reversal is now being negated as we moved back above the monthly 2-2d trigger at Prev Month Low. We are also now failed 2D coming back through previous week range. The daily went 2-2 rev, but closed failed 2u as we made higher highs, but closed red near mid range of the day. The question for tomorrow is do we continue pushing back through last weeks range to expand the BF created by the 3 from last week, or do we take the failed 2u - 2D reversal, reconfirm the Monthly reversal down as well as the weekly 3-2D. We have a 3-1 setup on the 4HR as well as an inside bar 60 which is what I will be watching going into open tomorrow assuming no gap up or down. Should be an exciting rest of the week as we look to see if bears can reclaim control on the W and M, or if Bulls are setting up for a recovery back to ATH. Levels to watch: Current 60 inside bar High and Low, Current 4HR bar high and low, Prev month low, 585.96 for upside which is the 2-2U rev target we did not get to today, but may compound 2Us tomorrow to get to if the bull scenario is playing out.
AMEX:SPY
by Alanger17
BTC Daily Bullish Pennant FormationThis is the daily chart for BTC/USD. BTC appears to be trading inside a triangle after a large bullish impulse. Price is currently trying to regain the 50 simple moving average (yellow line). If BTC breaks the 50 day simple moving average, I expect the price to break out of the pennant forming and test higher highs. RSI is nuetral at 52 at time time of publishing. Price action has maintained candle closes on the daily above 92k. Target for the next leg up is the 1.618 extension from the most recent High to swing low. This would put the PA around 120k. NFA, do your own DD. Thanks for viewing the idea.
BITSTAMP:BTCUSDLong
by BallsOfSteel32
BTCUSD: This is a consolidation and we've seen it before.Bitcoin is neutral on its 1D technical outlook (RSI = 51.151, MACD = -617.400, ADX = 24.376) as it hasn't escaped the right range it's been trading in since late December. The 1W MACD has converged but hasn't made the Cross yet and as long as it doesn't, based on the time cycles, this is most likely a short consolidation that has happened almost exactly during the same time both in January 2024 and 2023. When the 1W MACD made the Bearish Cross, we had the long consolidation phases. By next week we should see this consolidation break to the upside. Our target is the same with the early 2024 breakout, a +195% rise from the bottom (TP = 150,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
1
BTC | FRACTAL | Fractal that leads to new ETH ATHBitcoin has been trading stable around 95K, a good indication that the bull run still has some more cards to play for altcoins. Ethereum, Doge and SOL for example have not yet made new all time high's, indicating that the bullish cycle is far from over. There's a saying that leads something like "it's not over until someone sings" - well, in this case, the bullish cycle is not over until Ethereum makes a new ATH. ___________________ BINANCE:BTCUSDT
Long
by CryptoCheck-
1
BTC continuation range The current price of Bitcoin is $96,669, which is in the middle of the large range of sideways consolidation, and the range of fluctuations is $92,500 - $99,500. After multiple attempts to break through the upper resistance, the price fell back to the range, showing a temporary balance of long and short forces. From the high of $108,318 to the low of $92,458, it can be seen that the key pullback resistance levels are concentrated around $98,516 and $100,388. The current price is hovering around $96,200, which provides strong support for the price in the short term. If this support can be maintained, the price may have the momentum to further test the upper resistance. The bottom area of ​​the double bottom pattern in 4H is around $92,500, and the neckline of the double bottom structure is at $97,735. The price of Bitcoin has failed to effectively break through the neckline after multiple tests, but the price has recently returned to this level. If the price can continue to stabilize above this level, it will strengthen the bullish signal of the double bottom pattern, and the target price may be $99,500 or even higher. Range trading and possible breakthrough Bitcoin is currently suppressed by two important resistance levels: 1. $98,700: previous high point. 2. $99,500: strong resistance at the upper edge of the range. If the price breaks through $99,500, it will open up further upside space, and the target may be $100,388. The support below is concentrated in the $96,201 and $95,500 areas, and the loss will bring downward pressure. Future Outlook and Strategy In the current volatile pattern, short-term traders can focus on $97,735 as an important long-short watershed. If the price stabilizes, a bullish strategy can be adopted, with the target pointing to the $98,500 - $99,500 range. If the price falls back, we need to pay attention to the support strength of $95,500. If it falls below this level, we need to be alert to the risk of further decline to $92,500. This analysis combines Fibonacci levels, range fluctuations and patterns, and is suitable for long-short strategy adjustments and medium- and short-term layouts.
Long
by RonPeter_Trading
Is the Distribution Phase Coming to an End?Hey there, traders! 🖐🏼 Let’s talk about distribution—a critical phase in the market cycle that often signals a potential reversal from an uptrend to a downtrend. If You’ve been following Bitcoin’s price action since late 2024, You’ve probably noticed some classic signs of distribution. Let’s dive into what’s happening and how it might shape the market’s next big move! What is Distribution? Distribution is a phase where large players (whales, institutions) gradually offload their holdings to retail traders at higher prices. It typically occurs after a strong uptrend, as the market begins to lose upward momentum. Here’s how distribution looks on the chart: Sideways Movement: The price trades in a range after a strong rally. Lower Highs: Each attempt to break higher fails, forming a descending resistance line. Deccreasing Volume: Buyers lose steam, and trading activity starts to decline. False Breakouts: The price temporarily breaks above resistance but quickly reverses, trapping late buyers. Each upward move has been accompanied by lower volumes, suggesting a lack of buyer conviction. What Comes Next? If Bitcoin breaks below $90K with strong volume, we could see a sharp move lower, potentially targeting the $84K–$86K range. This would confirm the start of the markdown phase, where prices decline as sellers dominate the market. Bitcoin is at a pivotal moment. Whether the price breaks down into a markdown phase or rebounds into a new uptrend depends on how it behaves around these key levels. As always, patience is key! Remember to manage Your risk and trade responsibly! What do You think? Are we nearing the end of the distribution phase, or is Bitcoin gearing up for a bounce? Let me know in the comments! Happy trading! Your Kateryna💋
BITFINEX:BTCUSDShort
by RocketBomb
Bitcoin Analysis==>>Descending Scallop Pattern!!!As I expected in the previous post , Bitcoin( BINANCE:BTCUSDT ) again attacked the Heavy Support zone($93,400-$90,000) . Bitcoin is trying to break the Heavy Support zone($93,400-$90,000) . What do you think? Can Bitcoin finally break the Heavy Support zone($93,400-$90,000) or not!? According to the theory of Elliott waves , Bitcoin seems to be in the next five downward waves after completing the corrective pattern , and these five waves can break the Heavy Support zone($93,400-$90,000) . From the point of view of Classic Technical Analysis , it seems that Bitcoin is forming a Descending Scallop Pattern to break the Heavy Support zone($93,400-$90,000) , which can cause the break of this heavy zone . Looking at the chart of USTD.D% ( CRYPTOCAP:USDT.D ), we can see the Inverse Head and Shoulders Pattern that can cause USTD.D% to increase , which in turn causes Bitcoin and other tokens to decrease . I expect Bitcoin to soon break the Heavy Support zone($93,400-$90,000) given the above description, and Bitcoin will fall to the Targets I have specified on my chart. My medium-term view of Bitcoin on the chart I shared with you on January 7, 2025. 👇 ⚠️Note: If Bitcoin goes above $94,500, we can expect more Pumps.⚠️. ⚠️Note: There is a possibility that Bitcoin will drop sharply and make a long shadow.⚠️. 🙏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.
Short
by pejman_zwin
61
HelenP. I Bitcoin can make small move up and then drop to $90KHi folks today I'm prepared for you Bitcoin analytics. Some time ago, the price declined to the resistance 1, which coincided with the support zone, and then at once rebounded and started to grow. BTC in a short time rose to a 2nd resistance level, which coincided with the resistance zone, and then made at once small correction. After this movement, BTC turned around, quickly broke the 97300 level, and even rose slightly higher than the resistance zone. Price so long trades near this area and later made impulse up to trend line. When it reached this line, BTC turned around and started to decline inside the pennant pattern. In this pattern, Bitcoin soon broke the 97300 resistance level, made a retest, and continued to decline to resistance 1. After the price reached the 93200 level, it broke it and fell to low points of the pennant (91185) after which it turned around and quickly rebounded up, breaking the 1st resistance level one more time. Next, the price some time traded near this level and then reached the trend line, after which it dropped back. Recently, the price broke the 93200 level one more time, thereby exiting from the pennant and now I expect that BTCUSDT will make a small movement up and then continue to decline. For this case, I set my goal at 90000 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
8
BITCOIN - LIGHTS OUT ! - The road to $14,000. Bitcoin was just dealt the most bearish chart pattern there is in my book : The upside flash. Huge move higher that has HFT written all over it, followed by a huge move downward, all in the span of a few hours. The FLASH. I have severely down graded BTC. We still bounce at $25,000 area, but we'll give it all back on the grinding road to $14,000. There are a few rescue moments that can occur in between, and I will map those out as I go. Sorry guys, better to know now that later right?
KRAKEN:BTCUSDShort
by Urbanmove
3
SOLUSD overview and market outlook expecting BOUNCE🔸Hello traders, today let's review 12hour price chart for SOLUSD . pullback/correction in progress with limited upside currently, however expecting a bounce next week. 🔸Trading right now at 185 usd, strong bullish liquidity located near OBs 150/155 usd. bulls will likely take over once we trigged the liquidity order blocks below market. 🔸Recommended strategy: BUY LOW near liquidity OBs 150/155 usd, TP bulls is fresh overhead liquidity at 200/210 USD. expecting decent bounce in this market. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
CRYPTO:SOLUSDLong
by ProjectSyndicate
28
BTC/USDT 4-hour chart !!The BTC/USDT 4-hour chart highlights key technical levels and potential market movements: Bitcoin has rebounded strongly from the green horizontal demand zone near $92,000-$94,000, indicating that buyers are coming to defend this crucial level. A descending trendline continues to act as resistance around the $98,000-$100,000 range. A breakout above this line will signal a shift in momentum towards the bulls. The recent surge indicates renewed buying interest, and if Bitcoin maintains this upward momentum, it could challenge the descending trendline in the near term. A breakout above this resistance could open the door for further gains, potentially targeting the $102,000-$105,000 range. Moving Averages: The 21-period moving average is currently at $94,105 and could act as a dynamic support level if the price pulls back. A clean break above the descending trendline could start a strong upward rally, with higher price targets in sight. If Bitcoin fails to move above the trendline and reverses, retesting the green demand zone becomes possible. A breakdown below this zone could trigger further upward pressure. Traders should keep an eye out for a decisive breakout or rejection at the trendline to confirm the market’s next direction. Let me know if you’d like further assistance or adjustments! DYOR. NFA
Long
by CryptoSanders9563
$BTC.D: this is how they are cancelling any attempt at altseaonsSomeone is canceling the altseasons. Every time the altcoin market starts to gain momentum, a sudden CRYPTOCAP:BTC correction halts its progress. Altcoins are inherently riskier assets, and when fear enters the market, investors sell alts first. Now that ETF providers hold significant amounts of CRYPTOCAP:BTC and CRYPTOCAP:ETH , they appear to be manipulating the market to maximize their Bitcoin profits. By triggering strategic crashes in CRYPTOCAP:BTC and CRYPTOCAP:ETH , they effectively prevent an altseason from taking off. Each crash leads to massive corrections in altcoins. Today’s events are a smoking gun. The correlation with CRYPTOCAP:BTC allows ETF providers to instill fear and drive altcoin holders to sell, favoring Bitcoin. Yesterday, all altcoins looked poised for a breakout. The MACD signaled a daily crossover, indicating sustained growth for the next two months. I even posted that CRYPTOCAP:ETH was likely to hit $3800 within a week—*unless* CRYPTOCAP:BTC crashed. Guess what happened? CRYPTOCAP:ETH dropped 10% today—entirely due to manipulation. There’s absolutely no reason for CRYPTOCAP:ETH to decline, except for psychological manipulation tied to its correlation with $BTC. If altcoin holders don’t realize they’re being played by Bitcoin’s puppet masters, altcoins will continue to lose their appeal. Investors hate losing money, right? ETF providers aim to redirect the crypto market’s wealth into their “new baby”—Bitcoin. The result? - BTC.D’s drop was reversed, driven by fear, as more altcoin investors panic-sell. - USD.D increased as liquidated investors exited the market. Where will that money go? Some will inevitably flow back into CRYPTOCAP:BTC because: - Bitcoin has limited downside. - Bitcoin is strong. - Bitcoin is proven technology. - Bitcoin isn’t a scam. - Bitcoin is the most recognized and trusted crypto asset. This marketing strategy is working. It’s been more than four years since we’ve seen a proper altseason.
CRYPTOCAP:BTC.D
by CryptoNikkoid
12
LDO - discount!⚡️While the main mass is shaking, LDO looks very confident at a strong level of $1.5. For this project, this is a very good discount, with a short-range potential of $3. The price has been in the range from $1 to $4 for a long time, so I would leave some of the money for a purchase at a price of about $1. 🟢 Key support at $1.5 🔴 Might drop to $1 if BTC stays bearish Yes, the capitalization is large, but this is the flagship project on the Ethereum blockchain⚡️
Long
by Real_CryptoRoy
2