Bitcoin (BTC/USDT) – Potential Bullish BreakoutCurrent Market Overview:
Price: $83,295
24h Change: -1.24% (-$1,043.43)
Exchange: Binance (2-Day Timeframe)
Technical Breakdown:
Support Levels:
38.2% Fibonacci Retracement: ~$77,262 – This level has acted as a significant support area.
Trendline Support: Bitcoin is currently bouncing off a key ascending trendline that has been respected since mid-2023.
Major Fibonacci Support: Lower retracement levels at $67,346 (50%), $57,430 (61.8%), and $50,539 (70%) indicate potential deeper corrections if the trendline breaks.
Resistance Levels:
Key Resistance at $106,183 - $109,588: A breakout above this zone could trigger a rally toward new all-time highs.
Psychological Level at $100,000: A critical milestone for BTC that could act as temporary resistance.
Bullish Scenario:
If Bitcoin maintains support above the 38.2% Fibonacci retracement and trendline, a potential breakout above $109,588 could push prices toward $130,000.
The upward projection aligns with historical price action and Fibonacci extensions.
Bearish Scenario:
A break below $77,262 could lead to further downside, with possible retracements to $67,346 (50%) or lower levels like $50,539 (70%).
The long-term trendline breakdown would be a major bearish signal.
Conclusion & Strategy:
Short-Term: Look for confirmation of support at $77,262 before entering long positions.
Mid-Term: If BTC breaks $109,588 with volume confirmation, a bullish rally toward $130,000 is likely.
Risk Management: A drop below $77,000 could invalidate the bullish setup, prompting caution.
🚀 Bullish Outlook Above $109,588 | ⚠️ Caution Below $77,000
Btcsignals
Bullish Quasimodo in Play – Bitcoin’s Next Target: $84,500?Bitcoin ( BINANCE:BTCUSDT ) attacked the Resistance zone($84,130_$81,500) again as I expected yesterday . Has Bitcoin given up or is it gathering momentum to attack the resistance zone again? What do you think?
Bitcoin is moving near Yearly Pivot Point and Cumulative Long Liquidation Leverage($80,537_$78,390) .
From Elliott Wave theory , Bitcoin appears to be completing an Expanding Flat(ABC/5-3-5) corrective wave .
According to the Price Action , Bitcoin appears to be completing the Bullish Quasimodo Pattern .
Educational Note : The Bullish Quasimodo Pattern is a reversal pattern that signals a potential uptrend after a downtrend. It forms when the price creates a lower low followed by a higher high and a higher low, confirming a shift in market structure.
I expect Bitcoin will NOT leave the CME Gap($86,400_$84,650) unfilled and will rise to at least $84,500 .
What do you think, will Bitcoin leave this CME Gap($86,400_$84,650)?
Note: If Bitcoin falls below $78,800, we should expect further declines.
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 a 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.
Bitcoin Tests Resistance: Will the CME Gap Get Filled?Bitcoin ( BINANCE:BTCUSDT ) continued its downward trend as I expected in the previous post , but over the past 12 hours , Bitcoin has started to increase from Potential Reversal Zone(PRZ) . The question is whether this upward trend will continue in the past few hours or not !?
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JOLTS Job Openings & Its Potential Impact on Bitcoin
The JOLTS Job Openings report will be released today, March 11 . It provides key insights into the U.S. labor market . This data can influence the Federal Reserve’s monetary policy stance , impacting risk assets like Bitcoin.
Potential Impact on Bitcoin :
Higher-than-expected job openings : Signals labor market strength, increasing the likelihood of Fed tightening → Bearish for Bitcoin
Lower-than-expected job openings : Suggests labor market weakness, increasing the odds of rate cuts → Bullish for Bitcoin
Historical Influence :
In previous months, JOLTS data has triggered volatility across financial markets, including crypto. For instance, a sharp decline in job openings last year led to a weaker dollar and Bitcoin rally. Conversely, stronger-than-expected job numbers have reinforced hawkish Fed expectations, pressuring Bitcoin.
I believe there's a higher probability that the JOLTS report will come in weaker than expected, which could lead to a short-term rally in Bitcoin and gold. However, if the report is stronger than anticipated, we might see temporary selling pressure in the market. What is your idea!?
Today's positive news was " Trump Plans Order to End Crypto Banking Restrictions ". In general, Trump's statements no longer affect the crypto market as much as before. Do you agree with me?
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Now let's take a look at the Bitcoin chart on the 1-hour timeframe and use technical analysis tools .
Bitcoin is moving in the Resistance zone($84,130_$81,500) and near the 200_SMA(Daily) .
According to Elliott Wave theory , Bitcoin has completed five down waves , and we should wait for the next up waves . One of the signs of the end of wave 5 is the presence of a Regular Divergence (RD+) between two consecutive valleys .
According to the above explanation , I expect Bitcoin to re-attack the Resistance zone($84,130_$81,500) after a downward correction and attempt to fill the CME Gap($86,400_$84,200) .
Note: If Bitcoin can move above $87,200, we can expect the start of an uptrend.
Note: We should expect a bigger drop if Bitcoin falls below $72,000.
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 a 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.
Bitcoin / TetherUSHello dear traders,
Here’s the latest update on the Bitcoin chart along with potential reversal points and zones. If there are any changes this week, I will update the chart again and present it to you.
Market Status
Currently, we are in a daily descending channel, and the low point is below our expectations.
Key Points for Analysis
Exit Points for Trades or Short Positions (4-Hour):
Resistance: 86,897.25
Daily Liquidity: 102,500.01
Ideal Time to Sell with Confirmation: 105,250
These resistance points provide us with the best selling opportunities, but it's essential to pay attention to the necessary confirmations. A candlestick pattern is one of the best confirmations to consider.
Order Flow (4-Hour): 71,632.95 and 66,835
This temporary buying zone can offer a good profit opportunity during this downturn and is suitable for short-term buying.
Daily Support: 69,388.62
If we receive confirmation, this level will serve as a strong support.
This analysis has been drawn up simply and clearly for your convenience, dear followers.
Wishing you all success!
Fereydoon Bahrami
A retail trader in the Wall Street Trading Center (Forex)
Risk Disclosure:
Trading in the cryptocurrency market is risky due to high price volatility. This analysis is solely my personal opinion and should not be considered financial advice. Please do your own research. You are responsible for any profits or losses resulting from this analysis.
Powell’s Speech & Bitcoin’s Decline: Is More Downside Ahead? Today, Fed Chair Jerome Powell is set to speak, and traders should brace for potential market volatility! Given the recent economic data , his tone is likely to be balanced but leaning hawkish .
Why a More Hawkish Powell?
1- Strong Job Market :
Unemployment Rate : 4.1% (Still low)
Non-Farm Payrolls (NFP) : 151K (Decent, but lower than before)
Average Hourly Earnings : 0.3% (Steady wage growth)
This suggests that the labor market remains resilient, which might discourage the Fed from cutting rates too soon.
2- Inflation Still a Concern :
Wage growth and inflationary pressures persist, which means Powell may emphasize keeping rates steady longer to combat inflation.
3- Markets Are Too Optimistic on Rate Cuts :
Investors are heavily betting on rate cuts in 2024, but Powell may push back against these expectations to prevent excessive risk-taking.
Powell will likely maintain a cautious yet hawkish stance to manage expectations. Big price swings are expected across forex, crypto, and commodities—so stay alert! (Of course, this is just a personal analysis).
In addition to Donald Trump , Signs Executive Order to Create Bitcoin Strategic Reserve
Of course, today, we didn't see any strange movement in Bitcoin, and probably, the proverb " buy the rumor, sell the news " was fulfilled.
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Now let's take a look at the Bitcoin chart on the 1-hour time frame and also take help from technical analysis tools .
Bitcoin ( BINANCE:BTCUSDT ) is in a Heavy Resistance zone($93,300_$89,250) and has started to decline from Potential Reversal Zone(PRZ) .
From a Classic Technical Analysis , Bitcoin appears to move in a Symmetrical Triangle .
According to Elliott Wave theory , Bitcoin has completed the Double Three Correction(WXY) , and we should wait for the next bearish wave .
I expect Bitcoin to attack 200_SMA(Daily) again after breaking the lower line of the Symmetrical Triangle .
Note: Bitcoin is likely to pump more if the symmetrical triangle's upper line breaks.
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 a 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.
Bitcoin’s Roller Coaster Ride: More Volatility Until March 7?Bitcoin ( BINANCE:BTCUSDT ) has been acting like a Roller Coaster in the last few days, and one of the main reasons for the high momentum movements is Donald Trump's speech . Generally, this market behavior detriments investors and trades. Such movements may continue until March 7 ( Let us recall that Donald Trump will meet with industry representatives at the “first crypto summit” at the White House on March 7 ).
So please pay more attention to Capital Management these days .
It seems that Bitcoin's Main Support is 200_SMA(Daily) , which failed to break yesterday and started to increase again. Now, Bitcoin has succeeded in breaking the Resistance zone($87,100-$85,800) .
According to Elliott wave theory , Bitcoin seems to be completing a Zigzag Correction(ABC/5-3-5) .
I expect Bitcoin to once again attack the Heavy Resistance zone($93,300_$89,250) and rise to at least the Potential Reversal Zone(PRZ) .
Do you think Bitcoin is still Correcting or ready for another major up move?
Note: If Bitcoin falls below $85,000, the possibility of Bitcoin increasing again will decrease.
Note: If Bitcoin can break the Heavy Resistance zone($93,300_$89,250) and the Resistance lines, we can even hope for a new All-Time High(ATH).
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 a 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.
Why I shorted BTC?In last weekend’s crypto analyses, I mentioned that many altcoins were in a support zone, with a strong chance of a reversal from that level.
Shortly after I published my analyses, the announcement regarding the federal crypto reserve was released, triggering a massive pump.
However, this surge was short-lived, and prices quickly retraced back to their initial levels. For me, this is not a good sign—when major positive news fails to sustain gains, it often signals weakness in the market.
Now, regarding Bitcoin: although its price remains above the announcement level, it has struggled to hold gains above the 91K support level and continues to break below it.
I don’t believe prices are dropping just to set up a massive bull run for everyone to buy in—this looks like a bearish signal to me.
As a result, I have shorted BTC and expect a decline to 75K. That said, with my stop-loss placed above the initial pump’s high, I’m currently running a 1:3 risk-reward ratio, which—regardless of the outcome—is ideal in my book.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $92,786 resistance approaching, $91,375 support currently in effect, $86,305 key support from here, possible sign of reversal on 1D with RSI and MACD confirmation, can retake $94,148 support this week if no further manipulation changes it's course. Current Weekly and Previous one both looking bullish showcasing strength of the Bulls, expect resistance at $94,148-$95,878, next key support range at $80,582-$78,034.
Bitcoin & Trump Effect: A Short-Term Pump or Sustainable Rally?Bitcoin ( CRYPTO:BTCUSD ) started to rise as I expected in the previous post , but Donald Trump helped double the momentum of Bitcoin yesterday. But the question here is whether the correction of Bitcoin is over or if this is an increase in the chance of exit.
Bitcoin is trying to break the Heavy Resistance zone($93,300_$89,250) .
According to the theory of Elliott waves , it seems that Bitcoin has succeeded in completing wave 4 and we should wait for wave 5 .
Note : Due to the high momentum of wave 3, it is possible that wave 5 is a truncated wave.
I expect Bitcoin to rise to at least $95,000 in the coming hours. The next target of Bitcoin can be Resistance lines and 100_SMA(Daily) .
What do you think about Bitcoin movement? Time to escape or wait for a new All-Time High(ATH) to be created?
Note: If Bitcoin goes below $89,000, we can expect Bitcoin to decline and the big CME Gap($91,610-$84,830) to be filled.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
B e sure to follow the updated ideas.
Do not forget to put a 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.
Bitcoin Roadmap: Breaking the Broadening Wedge – A Buy Signal?After the tariffs that Donald Trump approved for the European Union and China , Bitcoin ( BINANCE:BTCUSDT ) received a shock with each approval. Otherwise, Bitcoin should have returned to the upward trend, at least in the short term.
Bitcoin seems to have failed to break 200_SMA(Daily) , and most of the time the invalid break is accompanied by the opposite movement of that break with high momentum. Also, Bitcoin seems to have broken the Resistance zone($83,530_$82,250) and is pulling back to this zone .
In terms of Classic Technical Analysis , it seems that Bitcoin has succeeded in completing the Descending Broadening Wedge Pattern .
According to the theory of Elliott waves , Bitcoin seems to have completed five downward waves and we should expect Bitcoin to rise .
Also, we can see the Regular Divergence(RD+) between Consecutive Valleys .
I expect Bitcoin to rise AFTER breaking the upper line of the Descending Broadening Wedge Pattern up to the targets I specified on the chart.
Do you think Bitcoin correction is over?
Note: If Bitcoin goes below the 200_SMA(Daily), expect more dumps.
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 a 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.
Bitcoin’s Candlestick Pattern- Reversal Signal Confirmed?As I expected in the previous post , Bitcoin ( BINANCE:BTCUSDT ) started to fall with the help of a Symmetrical Triangle Pattern .
Bitcoin is moving near Support lines and the important Potential Reversal Zone(PRZ) .
According to the theory of Elliott waves , Bitcoin seems to have successfully completed its 5 downward impulse waves . One of the signs of the completion of the main wave 5 is the Regular Divergence (RD+) between two consecutive valleys .
Another sign of Bitcoin's reverse can be the Hammer Candlestick Pattern .
Let's take some risks today and swim against the current, but please follow capital management and follow your strategy .
I expect Bitcoin to rise to at least the Heavy Support zone($93,300-$90,500)(broken) after breaking the Resistance zone($88,200-$87,450) .
Do you think Bitcoin can rise to at least $90,000 again?
Note: If Bitcoin goes below $84,500, we can expect more dumps .
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.
Bitcoin’s Symmetrical Triangle Breakdown – How Low Can It Go?Bitcoin ( CRYPTO:BTCUSD ) started to fall, as I expected in the previous post ; the question here is whether the fall continues or not .
Today, I want to analyze Bitcoin for you in the 15-minute time frame .
Bitcoin was able to break the Support zone($93,300-$90,500) and important Support line .
Bitcoin also seems to have formed a Symmetrical Triangle Pattern and was able to break the lower line of the triangle.
Educational Tip : The Symmetrical Triangle is a continuation pattern where the price consolidates into a narrowing range with lower highs and higher lows. It indicates indecision, with a breakout in either direction confirming the next trend.
I expect Bitcoin to drop to the targets that I specified in my chart.
Note: If Bitcoin goes above $95,850, we can expect more pumps.
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.
Bitcoin Breaks Uptrend line– Is a Crash Coming?As I expected in the previous post , Bitcoin ( CRYPTO:BTCUSD ) started to rise and reached the upper areas of the Resistance zone($100,520-$97,260) .
Bitcoin is moving in the Resistance zone($100,520-$97,260) and has managed to break the Uptrend line .
According to Elliott's wave theory , Bitcoin seems to have finally completed the main wave C .
I expect Bitcoin to attack the Heavy Support zone($93,300-$90,500) and Support lines once again, this is likely to be a heavy drop .
Note: If Bitcoin breaks the Resistance zone($100,520-$97,260), we expect more Pumps.
Do you think Bitcoin can break the Heavy Support zone($93,300-$90,500) or not?
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.
Bitcoin’s Bullish Patterns_Ready for a Breakout!?As I expected in the previous post , Bitcoin( BINANCE:BTCUSDT ) approached the Heavy Support zone($93,300-$90,500) and Support lines but quickly started to rise.
Bitcoin is moving in the Support zone($96,150-$94,700) . And in this increase of Bitcoin in the last few hours, we can see the Morning Star Candlestick Pattern well in the 2-hour time frame .
Educational tip : The Morning Star is a bullish reversal candlestick pattern that forms after a downtrend, consisting of three candles: a large bearish candle, a small indecisive candle, and a strong bullish candle. It signals a potential trend reversal and growing buying momentum.
In terms of Classic Technical Analysis , it seems that Bitcoin has succeeded in forming the Descending Broadening Wedge Pattern , which can be a sign of Bitcoin's increase .
According to the theory of Elliott waves , it seems that the entire corrective waves inside the descending channel were all in the form of a Zigzag Correction(ABC/5-3-5) so that it seems that Bitcoin finally completed the main wave C in the previous hours. If Bitcoin breaks the upper line of the wedge pattern, we can confirm the end of the main wave C .
I expect Bitcoin to be able to touch the Targets I specified on the chart AFTER breaking the upper line of the Descending Channel .
Note: If Bitcoin goes below $94,400, we expect more dumps.
Do you think Bitcoin can finally break out of this Descending Channel? Pump or Dump?
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 2-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.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Back above $95,878 support, $97,780 resistance in effect, previous 1D closed with bullish engulfing, time to see if current daily can follow thru. RSI and MACD on 1D looks good with potential to test $99,361, with weekend approaching current weekly also looks pretty good, Current support at $95,878, continue watching given s/r.
Bitcoin's Inverse Cup and Handle – Bearish Breakdown Ahead?As I expected in the previous post , Bitcoin ( BINANCE:BTCUSDT ) at least dropped to the Support zone($96,150-$94,700) .
If we look at the Bitcoin chart in the 15-minute time frame , we will see that Bitcoin is completing the Inverse Cup and Handle Pattern ( Handle of this pattern is being completed).
As I said in the previous post, $96,700 is important for Bitcoin. Bitcoin is currently moving below this level , which could mean that the Inverse Cup and Handle Pattern can work for Bitcoin.
Educational tip : The Inverse Cup and Handle Pattern is a bearish reversal pattern that forms after a downtrend. It resembles a cup shape followed by a small consolidation (handle) before a breakdown. A breakdown below the handle confirms the pattern, signaling a potential downward move.
The price increase in the last two or three candlesticks (in a 1-hour time frame ) was NOT accompanied by a large volume , and this can strengthen the theory of completing the handle of the Inverse Cup and Handle Pattern .
I expect Bitcoin to attack the Support lines and Heavy Support zone($93,300-$90,500) AFTER breaking the Neckline of the Inverse Cup and Handle Pattern .
Note: If Bitcoin succeeds in breaking the Resistance line and stabilizes above $96,700, we can hope to break the Descending Channel, And the CME Gap($97,845-$97,110) will also be filled.
Do you think the Inverse Cup and Handle Pattern will work?
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.
Bitcoin Stuck in a Range—Breakout or Breakdown Next?Bitcoin ( BINANCE:BTCUSDT ) started to rise as I expected in the previous post but once again failed to break the 50_SMA(Daily) . In general, Bitcoin has been moving in a range for more than 10 days , making it difficult for Bitcoin traders .
Bitcoin is moving in the Resistance zone($100,520-$97,200) and created a Fake Break for the Resistance line .
Meanwhile, it seems that Bitcoin has succeeded in forming a descending channel , and the falling wedge pattern has failed for me (in the previous post).
Another point is that during the last 10 days , the most Bitcoin trades were around $96,700 , which number can play an important role in determining the direction of Bitcoin and can be an important support and resistance level for us .
Regarding the Elliott wave theory , Bitcoin seems to have completed the Double Three Correction(WXY) . An hour ago, Bitcoin managed to complete the microwave C from the main wave Y. It can be one of the signs of the completion of microwave C , which is a fake break .
I expect Bitcoin to attack the Support zone($96,150-$94,700) again AFTER breaking the $96,700 level , and this time, it has a higher chance of breaking this zone, and if this zone breaks, we should wait for Bitcoin to decline to the Support line .
Note: If Bitcoin can touch $99,000, we should expect Bitcoin to rise further and possibly break the Resistance zone($100,520-$97,200).
Note: Generally, the trading volume is low on Saturdays and Sundays, and the chance that Bitcoin will go out of the range in the next two days is low, although it is not unlikely.
When do you think Bitcoin will leave this range (upward or downward)?
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.
BTC at a Crossroad, Is the Drop to $91K Closer Than You Think ?A few days ago, we accurately predicted the market movement before anyone else. The price rebounded from the trendline, fell to the resistance level that aligned with the resistance zone, and eventually broke through it.
Following this breakout, the price continued to decline, even breaking through the support level before quickly reversing. After the reversal, the price surged sharply to the resistance zone but soon began to fall again, breaking through the 100,500 resistance level in the process.
Later, Bitcoin dropped to the support level, which coincided with the support zone, and made an attempt to rise. However, it failed and pulled back to the 94,800 support level, where it traded for some time before bouncing back to the trendline.
Recently, the price turned around and resumed its downtrend.
Currently, I anticipate Bitcoin will rise to the trendline and then eventually fall below the support level. For this scenario, my target is set at 91,000, which lies below the support zone.
For more free strategies and trade updates, feel free to message me!
BTC 100K StruggleWe've already seen this happen last year. BTC has been bullish since it's existence but there's always been drops after being overbought. I also wonder how Quantum Computing will affect BTC's existence. Any thoughts on that?
Weekly Candles look like it wants to test 85k
MACD crossover
Ichimoku Cloud acting like a magnet
BTC H4 Liquidity Valid Area! Read ChartHello Traders!
BTC is trading in triangle and also respecting to support area, in H4 there is liquidity to my marked level, BTC CRYPTOCAP:BTC definitely would sweep it. but first need rectangle breakout confirmation.
Support: 92600-91700
Resistance: 107000
Liquidity: 104450
Like my idea if you like it