BTCUSD - Weekly chart updates and anticipated movementsSince everyone is aware of Bitcoin's previous movements in 2017 and 2021, everyone is assuming that it will now be worth 280K. However, Bitcoin is currently in a rally or range between 100,000 and 110,000, and this rally will continue until 2026, after which there will be a nice pullback to 73,000–74,000.
This move makes sense because BTC does not even touch these levels again after breaking the cup and handle pattern, thus it should give this level again in order to continue the trend.
I'm leaving for the time being because we should always be cautious since this rally has the potential to be a good dump.
We all know that once a higher high is broken, a retracement is necessary to continue the trend. This was not the case for all stocks worldwide following the US elections.
Btctrades
Bitcoin - Weekly updated chart and expected movesAs we all know about bitcoin past moves in 2017 and 2021 every thinking about same move according to that move bitcoin would be 280K now but bitcoin is doing rally/Range between 100,000-110,000 this rally continue till 2026, then we see a good move of retracement till 73,000-74,000.
This move is logical understandable because after breaking of cup and handle pattern BTC does not even touch these levels again so for continuation of trend BTC should give this level once again.
I am out for now because this rally can give a good dump so we should be careful about this every time.
As we all know that once a higher high breaks than for continuation of trend a retracement is compulsory this for all kind of stocks in the world which we did not seen after USA elections.
BTC/USDT Possible Long Trade Idea+Analysis SMC Hey folks,
Bitcoin price entered an institutional ranging (consolidation) phase right after the $10k dump. My game-plan is as follows:
Assuming the demand area will hold and buyers will get tempted to buy at the demand price, then I expect BTC to reach 57,200 mark and that's where I'm setting my first profit target. If the price manages to break above the 52.2k mark I expect BTC to reach 58,800 mark, and that's where I'm setting my second profit target. Of course, this is all according to my personal analysis and my own beliefs.
Don't forget like my idea if you agree with me, and feel free to ask any questions in the comments section. I already have a personal trade open in BTC let's see how it goes.
Good Luck,
Yours Truly,
FXWabz