Btcprice
Will BTC Dominance Break Through 68% ?Things are about to heat up with BTC’s price action, potentially reaching new heights, while altcoins may remain in the lows for now. I’d enjoy riding BTC’s momentum with the expectation of an eventual altcoin season. Historically, as BTC climbs higher, altcoins tend to follow—but in crypto trading, nothing is guaranteed.
For now, I’m patiently observing and letting the market action unfold. These ideas serve as an open-source trading journal with two notes: if you follow my advice and it works out, I’m happy for you; if it doesn’t, and there are drawdowns, that’s just the nature of trading. Stay cautious and enjoy the journey!
BTC - 4H fall for nowWhen it comes to market sentiment, a popular saying is, “When everyone is on the same side, it’s time to go the other way.” This concept aligns with the contrarian trading strategy, where savvy traders often position themselves in the opposite direction of the majority. Currently, with widespread excitement and optimism about a potential BTC bull run, it’s possible that we’re setting up for a correction rather than a sustained rally.
Historically, markets tend to pull back when optimism reaches a peak. For example, in 2017, as BINANCE:BTCUSD neared $20,000, the market sentiment was overwhelmingly bullish, yet that’s when BTC took a sharp downturn. Similarly, in early 2021, when Bitcoin was approaching $64,000 with much hype around institutional buying, we saw a significant correction that shook many investors.
In this context, the chart here shows MARKETSCOM:BITCOIN touching a strong resistance zone around the $76,000 level. With sentiment bullish and many expecting a breakout, BINANCE:BTCUSDT may likely trap some of this optimism and head lower first to “clear out” the overly crowded long positions. This potential pullback could lead to a more sustainable rally later after the excess sentiment has cooled.
BTC Shark to 5-0 PatternBitcoin is currently in a weekly Shark pattern, suggesting a potential pullback to complete the 5-0 pattern. We could see a move towards the T1 zone at $45,703 - $43,000.
5-0 Pattern: This pattern often follows the Shark pattern and indicates the completion of a corrective move after the initial reversal. The 5-0 pattern has a distinct structure, starting from the end of the Shark pattern and typically leading to a trend continuation after a brief consolidation or retracement.
The last wick to $49,000 was swiftly bought up, indicating the low might already be in. However, with the SPX nearing equal highs and possible volatility around Jackson Hole, a retest of lower levels remains possible.
RSI is trending just below the 50 zone on Daily and Weekly, suggesting a decision point is approaching. A move above 50 on the weekly would indicate the low is in, setting us up for upper targets at $70,315 / $76,197. If RSI rejects at 50, expect new lows.
Key Levels:
$49,000: A retest of this zone and a break above $63,139 will confirm the low is in.
A break below $49,000 will aim for the T1 Target at $45,793.
Buy Zone/Support Range: $45,703 - $43,000
$42,233 TD Support
The next few days will be critical. If we hold above $49,000, we may avoid a deeper correction.
There will be more bull season? #Bitcoin 3M chart#Bitcoin 3M chart;
Bitcoin chart in its simplest and broadest form. 3 months.
What do you see?
Let me make my own interpretation first, then share your thoughts.
In 2022, it went to the IMB region, took its support and made its current peak.
The breakout was MSS because it closed above it while doing so. This is an uptrend signal.
And again it visited the IMB zone for support.
This candle is a June candle, so the next candle opening will be in October.
I hope this is clear enough for those who say there will be no more bulls.
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The price is above the 50 EMA
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Has Bitcoin Found its Footing at $61,970?The recent dip in Bitcoin has sent shivers down the spines of traders, with many wondering if Bitcoin has finally hit rock bottom. One key price point has emerged as a potential beacon of hope: $61,970 . Historically, this level has acted as a springboard for Bitcoin, leading to rebounds in February, March, and April. But will this time be different?
Technical analysts are scrutinizing the charts, searching for clues about Bitcoin's next move. The $61,970 mark has served as crucial support on multiple occasions, preventing steeper selloffs. However, some crypto analysts caution that a decisive break below this level could trigger a further pullback, potentially reaching $59,800 – another historical support zone.
If both $61,970 and $59,800 fail to hold, deeper corrections could be in sight, with $55,000 and even $51,600 emerging as potential landing spots.
On the flip side, if the bulls can defend the $61,970 territory, a bullish reversal could be on the horizon. Daily charts suggest an immediate climb towards $65,300 , with resistance possibly kicking in around $70,000 .
Only time will tell whether Bitcoin will once again find support at $61,970. Bitcoin whales are closely watching price action and technical indicators for signs of a breakout or breakdown.
BTC/CRYPTO PRICE MOVEMENTS PREDICTIONThe cycle is cycle... the price is price... But 100k for BTC is psychological barier for a lot of people. The crowd is always wrong! So, please don't fall in the upcoming traps game! Don't be hurry, don't be too much greede! Things will happen if you just be careful!
Moon Phases and BTC/CRYPTO correlation (nov 2022 /dec 2024)Charts shows us the people collective psychology and emotions. We all know that the Moon and her phases reflecting on people psychology, directly or indirectly, more or less. Then, let's combine the Charts and Moon phases to see what we will find and how this can help us to be a better traders. Enjoy!
BTC - Fortnightly Outlook - 01/04 to 12/04The bulls won! They pushed prices above their historic highs, and ETFs also performed remarkably well, backed by securities houses. A beautiful victory! But now, who will be the next opponent?
Just like gold, is Bitcoin (BTC) fulfilling its role as a protective reserve? Given recent news, it appears so. Everyone is rushing into cryptocurrency, just like they rush into gold when things in the world seem to go off the rails. Curious, isn't it?
Let's analyze the graph:
Long term: There are no signs of a change in direction in the long term. The uptrend remains firm and strong, pointing towards new highs. Impressive, isn't it?
The SETUP used does not indicate a weakening of this trend. Therefore, we do not expect abrupt corrections (or disasters) at the moment, unless something unexpected happens (lol) and the market decides to treat BTC as a punching bag (regulation, government interference, etc.). See the image below, with all SETUP targets achieved, including forming the “Golden Triple of SETUP”. Incredible strength!
Mid-term: The dispute between bulls and bears continues. Sometimes bulls thrust their horns upwards, while other times bears lunge downwards.
The corrective channel outlined previously is being respected, and there are signs that we may have an H&S (Head and Shoulders) pattern. Interesting, isn't it?
An important warning: The bears appear to have set a trap for the bulls. The loss of the 66.5K range makes room for corrections up to 42K. For this to happen, prices just need to start working below 70K, especially if this week's candle closes below that level. See the image below.
Short term:I leave a beautiful image below for you to contemplate. Graphical analysis is really fascinating, isn't it?
Do your analysis and good business! Be aware.
If you buy, use Stop Loss.
See also other graphical analyses. 📈🚀
Bitcoin under attack from TRADFI again#Bitcoin Daily
An Old chart and as you can see, I am keeping the Arrows to lower levels there as we still are in that area where this could happen.
Currently, we in that range that is likley to continue, despite the USA latest attempt to undermine the Crypto economy with charges against KuCoin for "Money laundering and not filing against US citizens"
We had a small pull back but I doubt it will come to Much and certainly not Drop us out of Range.
HOWEVER - Daily MACD is still above neutral and falling Bearish and Weekly is approaching overbought.
Anything can happen right now.
Be Cautious..the TradFi army is waking up as they are realising the dangers their economy are in.
The KuCoin stunt maybe just the first salvo
$173k/$450k MACRO #BTC 2025IF, BTC follows 4 year patterns...
$173k (1.618FIB) is the target.
~~ BTC should close ABOVE the 1.618FIB for a potential Blow Off Top.
~~ $450k - 85% retrace = $70k bottom. *$450k Prediction Chart Below
~~ $15k Bottom: Macro Wave 4 - FIB: 0.50 Retrace
WAVE 5 Rally Notes: (PRE 2024 Halvening)
- $27.3k
- $32.6k (0.5FIB)
- $38.8k
- $44k (0.702FIB)
- $49.6k ( FOMO/Here comes retail money)
- $55.3k (0.854FIB)
- $21k (0.236FIB-RETEST)
- Back test on 200MA before Halvening
There has not been a decent retrace for BTC and lets hope this puppy cooks to the 0.854FIB $55k BTC.
- MASS FEAR in MSM. (Bullish!)
Emotion:
I want to sell... but $15k WAVE 4 BOTTOM IS IN!
($14k, $10k, $7k BTC Bottom Narratives are NULL.)
This is my FINAL Projected Macro Outlook for BTC.
Good luck all holders.
BTC Price Target: $48kHow high could this COINBASE:BTCUSD pump go? FWB:48K is a solid level to exit.
There was a local low at FWB:48K in March of 2022.
The Fib retracement level .618 between the ATH of SWB:69K and cycle low of $16k is at FWB:48K
Many traders are talking about exiting at this level, which will bring selling pressure
I can understand HODLing through the ups and downs, but if you're long with leverage, 48k seems like a great place to exit a trade.
I know I just made a price prediction for $136k for Bitcoin, but I think a temporary retrace is likely. Especially if the ETF is announced, and many traders exit to take profits.
"Buy the rumor, sell the news." We are in the rumor stage, people.
BTCUSDT- **4-Hour Chart Analysis**
- RSI is significantly oversold at 11.35, which usually suggests a price reversal might be imminent.
- The MACD line is under the signal line with a significant negative value, suggesting strong selling pressure.
- Prices are lower than the lower Bollinger band indicating that it is oversold.
- The immediate supports are at 28742, 28158, and 27529. If the price breaches these levels, further downward movement could be expected.
- The resistances are at 30494, 31500, and 32560. An upward price movement can be expected if these levels are breached.
- **1-Day Chart Analysis**
- The RSI of 7 shows extreme oversold conditions, which could hint at an upcoming price correction.
- The MACD is also significantly negative, again suggesting strong bearish momentum.
- Prices are trading below the lower Bollinger band, which generally indicates oversold conditions.
- Supports are set at 28143, 26924, and 25156, while resistances are at 29946, 30981, and 32976.
- **7-Day Chart Analysis**
- The RSI is 62.89, indicating that the asset is neither overbought nor oversold.
- The MACD is positive, suggesting bullish momentum in the long term.
- The price is trading within the Bollinger Bands, suggesting normal trading conditions.
- Supports are set at 28671, 24796, and 21393, while resistances are at 37721, 47700, and 51608.
Overall, short-term indicators suggest extreme oversold conditions and potential for a price rebound, whereas the long-term view is more bullish.