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Btcusdanalysis

BTC IMF Tracking, Liquidation Frenzy, and Market PredictionsBitcoin's recent price action has been a rollercoaster, marked by significant gains, dramatic liquidations, and a confluence of macroeconomic factors that are shaping its trajectory. From the International Monetary Fund (IMF) officially tracking Bitcoin in cross-border finance to speculative predictions of a potential $87,000 surge, the cryptocurrency remains a focal point of intense market scrutiny. One of the most noteworthy developments is the IMF's increasing recognition of Bitcoin's role in global finance. While the IMF previously issued warnings to El Salvador regarding its Bitcoin adoption, its decision to now track Bitcoin in cross-border financial flows signals a tacit acknowledgment of the cryptocurrency's growing significance. This shift reflects a broader trend of institutions grappling with the reality of digital assets, forcing them to incorporate these assets into their analytical frameworks. Simultaneously, the Bitcoin market has witnessed a surge towards the $87,000 mark, triggering a wave of short liquidations. This phenomenon occurs when traders who have bet against Bitcoin's price are forced to close their positions at a loss as the price rises. The sheer magnitude of these liquidations, exceeding $110 million in a short period, underscores the volatility and the inherent risks associated with leveraged trading in the cryptocurrency market. The total market liquidations surpassing $200,000 in 24 hours only highlights the dramatic price swings and the vulnerability of short positions. Adding to the complexity of the market dynamics is the emergence of another CME gap in the $84,000–$85,000 range. Historically, these gaps, which represent discrepancies between trading prices on the Chicago Mercantile Exchange (CME) and other exchanges, tend to be filled, suggesting a potential pullback in Bitcoin's price. This pattern creates a sense of uncertainty, with traders weighing the potential for further gains against the possibility of a corrective downturn. Furthermore, the surge in Bitcoin open future bets on Binance, with an increase of $600 million, indicates heightened price volatility. Open interest, which measures the total number of outstanding futures contracts, often correlates with price movements. A rise in open interest alongside a price increase typically confirms an uptrend, but it also signals the potential for sharp price swings as more capital enters the market. Market analysts are divided on Bitcoin's future trajectory. Some predict a "brutal bleed lower," while others foresee a break towards new all-time highs in the second quarter. The critical level to watch is $93,000. If Bitcoin can reclaim this level as support, it would significantly reduce the risk of a fresh collapse. However, until this threshold is breached, the market remains vulnerable to downward pressure. On a more positive note, the S&P 500's reclamation of its 200-day moving average provides a potential tailwind for Bitcoin. This technical breakout in equities, coupled with similar signals in the cryptocurrency market, could indicate renewed bullish momentum. The correlation between traditional financial markets and Bitcoin has become increasingly apparent, with positive developments in equities often translating to positive sentiment in the crypto space. Adding another layer to the narrative is the potential softening of the stance on reciprocal tariffs by Donald Trump. Some analysts see this development as a potential catalyst for a Bitcoin bottom. Any relaxation of trade tensions could boost investor confidence and create a more favorable environment for risk assets, including cryptocurrencies. Finally, the concept of tokenized US gold reserves, as proposed by NYDIG, presents an intriguing long-term prospect for Bitcoin. While gold and Bitcoin are fundamentally different assets, the tokenization of gold on a blockchain could enhance the overall legitimacy and infrastructure of digital assets. This increased institutional acceptance could indirectly benefit Bitcoin by further integrating blockchain technology into mainstream finance. In conclusion, Bitcoin's current market landscape is characterized by a blend of institutional recognition, intense trading activity, and speculative predictions. The IMF's tracking of Bitcoin in cross-border finance underscores its growing relevance, while the liquidation frenzy and CME gap highlight the inherent volatility of the cryptocurrency market. The interplay of macroeconomic factors, technical indicators, and speculative sentiment will continue to shape Bitcoin's trajectory, making it a fascinating asset to watch in the coming months.
BITSTAMP:BTCUSD
by bryandowningqln
1
Asymmetrical Triangle (Neutral) or AB=CD (Bullish) for BTC?BINANCE:BTCUSDT has formed bullish divergence on Daily TF and continues its upward momentum. BTC has also formed two trading patterns: 1. Asymmentrical Triangle: This neutral pattern can break out in either direction 2. Bullish AB=CD: This continuation pattern on the weekly tf coupled with bullish divergence on daily tf indicates imminent continuation of the bullish trend. Buy stop order on break of LH could be a good trading idea!
Long
by Tempo_Trades
Bitcoin Price Analysis – Bullish Setup with Caution AheadThe short-term trend is bullish, as we observe: - Price movement is above the short- and medium-term moving averages. - The price is forming higher highs and higher lows. - Support levels are steadily rising along the moving averages. However, there is a noticeable loss of momentum in recent hours, which could signal a potential short-term correction or profit-taking phase. Bullish Indicators Moving Averages: - The 10 EMA, 20 EMA, and 30 EMA are all indicating a Buy signal. - The 200 EMA also reflects a Buy signal. - This indicates that the price is trading above key averages, supporting the continuation of the bullish trend. ADX = 29.49 (Buy): The strength of the current trend is still significant (above 25), which reinforces the continuation of the bullish movement. MACD (Buy): The MACD has shown a positive crossover, which supports the bullish signal and continued upward momentum. Bearish Indicators Momentum = Sell (Value: 4,249.13): There is a noticeable slowdown in momentum, which may indicate the early stages of a correction or temporary weakness. Some Long-Term Averages = Sell: The 50, 100, and 200 Simple Moving Averages are showing sell signals, suggesting the longer-term trend has not yet fully transitioned into a bullish phase. These may also act as resistance if the price continues to rise. Stochastic RSI Fast = 90.56 (Overbought): This indicator is in the overbought zone, pointing to a potential near-term pullback. RSI = 53.34 (Neutral to Overbought): Not yet in the overbought territory, but gradually approaching it, which should be watched closely. 2025 Performance Lagging: The latest chart shows that 2025 performance is currently at -6.46%, compared to a strong +111% in 2024. This discrepancy suggests a phase of ongoing profit-taking or broader consolidation. Outlook Short-Term (Hours to Days): There is a potential for further upside with key resistance levels at 88,500, 89,000, and 90,000. The nearest support levels are at 87,500 and 86,800. However, caution is advised due to signs of short-term exhaustion in indicators like Stochastic RSI and Momentum. Medium-Term (Weeks): As long as the price holds above the 86,000–86,500 range, the uptrend is likely to continue. A breakout above 90,000 would be a strong bullish signal that could drive the market to new highs. Recommendation - For Short-Term Traders: Take advantage of the current move but remain cautious of sudden corrections. Watch for potential buy zones near 87,000 and 86,500. Use a tight stop-loss strategy if these support levels are broken. - For Medium/Long-Term Investors: Indicators show that the uptrend is starting to stabilize. Consider partial entry now while closely monitoring the 90,000 level. Avoid going all-in at current levels and keep capital aside to buy dips if the market corrects.
COINBASE:BTCUSD
by bbitar
JUST IN: Bitcoin Reclaims $88K, Eyes $100K Breakout!The Price of Bitcoin shocked sceptics surging nearly 4% today, reclaiming the FWB:88K pivot- now setting its coast for $100k breakout amidst a bullish symmetrical triangle Pattern. On the daily time frame, CRYPTOCAP:BTC has formed 2 bullish candlesticks, should a third identical candlestick evolve, it will lead to a breakout of the ceiling of the symmetrical triangle formed- placing CRYPTOCAP:BTC in the $90,000 - $96,000 range. A break above this pivots would cement the the move to $100k and beyond. Similarly, should the asset faced selling pressure into making it dip below the $81k range, a selling spree could emerged. Bitcoin Price Live Data The live Bitcoin price today is $88,452.78 USD with a 24-hour trading volume of $29,835,452,540 USD. Bitcoin is up 3.95% in the last 24 hours, with a live market cap of $1,755,025,651,822 USD. It has a circulating supply of 19,841,384 BTC coins and a max. supply of 21,000,000 BTC coins.
BINANCE:BTCUSDLong
by DEXWireNews
the price of BTC has gone upIn the recent analysis of the cryptocurrency market, I have continuously been optimistic about the price trend of BTC. Since the last analysis, the price of BTC has steadily climbed from around 84,000 to the current 85000, further verifying the previous upward expectations. 🎁 Buy@83500 - 84000 🎁 TP 86000 - 87000 The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
BINANCE:BTCUSDLong
by BenGray9
$BTC FINALLY BULL RALLY ON CHART NOW & 2nd TAKE PROFIT DONEJUST IN NEWS : BTC Bear Market To Last 90 Days, Analyst Predicts, as Trade War Fears and Whale Activity Impact Prices Bitcoin has entered a bear market, with its price dropping over 20% from its all-time high. Market analyst Timothy Peterson expects the downturn to last 90 days, arguing that this decline is weaker than most past bear markets. He noted that out of the 10 previous downturns, only four—2018, 2021, 2022, and 2024—have been worse in terms of duration. Peterson does not see BTC sinking far below $50,000 but says a slide in the next 30 days could be followed by a 20-40% rally after April 15. He believes this could trigger renewed buying interest and push Bitcoin higher. Investor sentiment has been affected by global trade war concerns following tariffs imposed by U.S. President Donald Trump and retaliatory measures from multiple trading partners. The uncertainty has led to a decline in speculative investments. The Glassnode Hot Supply metric, which tracks BTC held for a week or less, has fallen from 5.9% in November 2024 to 2.3% by March 20, signaling reduced short-term trading activity. A CryptoQuant report also suggests that most retail investors are already in the market, countering expectations that a surge of new traders would drive prices up. Ether has also struggled, losing over 51% in three months since peaking above $4,100 on December 16, 2024. Analysts say ETH must reclaim the $2,200 range to gain upward momentum. “If price can generate a strong enough reaction here, then #ETH will be able to reclaim the $2,196-$3,900 Macro Range (black),” wrote crypto analyst Rekt Capital in a March 19 X post. Despite positive regulatory developments, such as the U.S. Securities and Exchange Commission dropping its lawsuit against Ripple, ETH has yet to see significant gains. Market uncertainty remains high, with some analysts expecting economic pressures to last until at least April 2025. Despite short-term volatility, long-term projections remain optimistic. VanEck has predicted a $6,000 cycle top for ETH and a $180,000 peak for BTC in 2025. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
Long
by SUBROOFFICIAL
BTC encountered strong resistance 89000I made an analysis this morning. I said that if the price of Bitcoin breaks through the resistance level of 87,000, it's very likely to rise all the way to 88,000 in one go, and then it will encounter the resistance level at 89,000. Look, my analysis has been verified now. It has been proven that the resistance level at 89,000 is indeed effective. At present, it's not advisable to engage in short - selling. Instead, one can consider taking long positions again at the support level. 💎💎💎 BTC 💎💎💎 🎁 Buy@85000 - 86000 🎁 TP 88000 - 89000 The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
BINANCE:BTCUSDLong
by BenGray9
BTC (20250324) market analysis and operationTechnical analysis of BTC on March 24: Today, the large-cycle daily level closed with a small positive line yesterday. The K-line pattern is still a single negative and a single positive. The price stands on the MA30 daily average line. The attached indicator is running in a golden cross, but the fast and slow lines are still below the zero axis. According to the current trend, when the current fast and slow lines touch the zero axis horizontal line, the time consumption space is almost the same, and the second large downward trend will come, so we have to wait in terms of time and trend; the short-cycle hourly chart continues the rebound trend of yesterday today. It is currently in the European session time, and the price begins to be under pressure. In addition, the probability of shock on Monday is relatively high, so the US market will first retreat in the evening. Therefore, today's BTC short-term contract trading strategy: sell at the current price of 87,500 area, stop loss at 88,000 area, and target the 86,500-86,000 area;
Short
by BraveTigercat
BTC Today's analysisLast week, BTC was in a sideways oscillation around $84,000. The competition between bulls and bears was intense, and the market was filled with strong wait - and - see sentiment, constantly waiting for a clear direction. Yesterday, the price rose to $85,000, and today it reached the $87,000 resistance point analyzed previously. Currently, the resistance at $87,000 is significant. A large number of sell orders have gathered, putting great pressure on the price and causing frequent fluctuations. There are two reasons for this resistance. First, investors who bought at high levels earlier are selling here to stop losses or lock in profits, increasing the selling pressure. Second, investors generally expect strong resistance at this price level, so they either sell or wait and see, exacerbating the resistance. If BTC breaks through the $87,000 mark, there is a high chance of a new upward trend in the short term. Technically, the breakthrough will attract trend - followers to enter the market and push up the price. In terms of market sentiment, it can boost confidence and trigger chasing buying. Based on the current momentum and historical experience, the price may quickly rise to the range of $88,000 - $89,000. If it fails to break through, the price may retrace to the range of $85,000 - $86,000 to seek support and start a new consolidation to accumulate upward momentum. Therefore, it is crucial to closely monitor the breakthrough of the $87,000 resistance point in the following days, as it is of great significance for investment decisions. 💎💎💎 BTC 💎💎💎 🎁 Buy@85000 - 86000 🎁 TP 88000 - 89000 The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
BINANCE:BTCUSDLong
by BenGray9
Market overview WHAT HAPPENED? Last week, bitcoin tested the key zone of $85,000-$88,000 (volume zone). After receiving the seller's reaction, we formed a local structure that questioned the global decline. In the daily analysis on TradingView on Friday, a support zone of $84,800-$83,500 (pushing volumes) was noted. After the test, we received a reaction and confirmed the buyers' intentions to move the quote to higher levels. WHAT WILL HAPPEN: OR NOT? At the moment, longs are a priority. The confirmation of this scenario will be overcoming the $87,500 level. The target for the movement is the $95,000 mark, and there is no significant resistance before it. Despite the fact that we’re in an uptrend, there are no volume zones of the buyer up to the minimum mark of $76,000. Therefore, with strong market activity of the seller at the current level, it’s possible to resume the decline to the lows. Sell Zones: $95,000–$96,700 (accumulated volumes) $97,500–$98,400 (pushing volumes) $107,000–$109,000 (volume anomalies) Buy Zones: $77,000–$73,000 (volume anomalies, pushing volumes) IMPORTANT DATES About the macroeconomic news this week: • Monday, March 24, 13:45 (UTC) — publication of the index of business activity in the manufacturing sector and the index of business activity in the US services sector for March; • Tuesday, March 25, 14:00 (UTC) — publication of the U.S. consumer confidence index for March and data on new home sales in the United States for February; • Wednesday, March 26, 7:00 (UTC) — publication of the UK consumer price index compared to February 2024; Wednesday, March 26, 10:00 (UTC) — publication of the UK spring budget forecast; • Thursday, March 27, 12:30 (UTC) — publication of US GDP for the 4th quarter of 2024, as well as the number of initial applications for US unemployment benefits; • Friday, March 28, 7:00 (UTC) — publication of UK GDP for the 4th quarter of 2024; • Friday, March 28, 12:30 (UTC) — publication of the basic price index of US personal consumption expenditures for February, as well as in comparison with February 2023. *This post is not a financial recommendation. Make decisions based on your own experience. #analytics
by Crypto_robotics
Bitcoin (BTC/USD) 4H Analysis: Bullish Breakout or Pullback?🔍 Key Observations: 🔹 📈 Trendline Breakout: The descending trendline (white) has been broken, signaling a potential uptrend. 🔹 📍 Support & Resistance Zones: 🟢 Strong Support (~$80,349 - $82,000): 📉 If price drops, this zone could act as a bounce area. 🛑 Stop-loss is placed below. 🟡 Resistance (~$86,000 - $88,000): 🔄 Currently testing this level—either a breakout or a rejection could follow. 🔵 Next Target (~$94,000): 🚀 If Bitcoin pushes above resistance, this could be the next stop. 📊 Possible Price Action Scenarios: ✅ Bullish Path: 🟢 Breaks Above $86,000 → Targets $94,000 🚀 🔄 Small retest of support before continuing up 📈 ❌ Bearish Path: ❌ Rejected at $86,000 → Pullback to $82,000 🔽 📉 If support fails, price may drop further 🎯 Conclusion: 🔥 Bullish Bias: 🟢 A breakout above $86,000 increases the chance of hitting $94,000+. ⚠️ Watch for retests! 🔄 A pullback before an upward move is possible. 🚀 Final Thought: If BTC **
BITSTAMP:BTCUSD
by Jameshead007
‘Cagey’ Rebound on BTC/USD?Since BTC/USD (Bitcoin versus the US dollar) rebounded from the 200-day simple moving average (SMA) earlier this month at US$78,111, speculative bullish interest has been uninspiring. Further Downside As far as I can see, the major crypto pairing demonstrates scope to continue exploring south until it reaches support from US$68,926 on the monthly timeframe (I also noted this in previous analysis), which (somewhat) helps explain why technical demand from the 200-day SMA could be lacking. Another technical observation supporting the lacklustre bullish showing is the Relative Strength Index (RSI), recently exiting overbought territory and fast approaching the neckline of a double-top pattern on the monthly chart, extended from the low of 60.44. A break beyond this line highlights the RSI’s 50.00 centreline threshold as a possible downside target. Adding to this, the RSI on the daily chart may have rebounded from oversold territory (forming a possible double-bottom), but remains south of 50.00 and is shaking hands with resistance around 45.46. Monthly/Daily Support Area Warrants Attention While I am not saying that a move to the upside won’t be seen, the path of least resistance appears to be to the downside, at least targeting space below the 200-day SMA at daily support from US$73,575. So, for me, the playbook here will be watching for possible fading opportunities at the underside of the daily range between US$108,396 and US$91,591 (which happens to converge closely with the 50-day SMA at US$93,608 and trendline resistance, extended from the all-time high of US$109.580). Alternatively, we could see price sell-off at current levels and aim for the noted daily support. It is this level, coupled with monthly support mentioned above at US$68,926, that I expect to see bulls attempt to make a show. Written by FP Markets Market Analyst Aaron Hill
FPMARKETS:BTCUSDShort
by FPMarkets
Bitcoin (BTCUSD) Falling Wedge Breakout – Bullish Setup! 📌 Overview of the Chart Setup This daily Bitcoin (BTC/USD) chart presents a technical breakout from a falling wedge pattern, a well-known bullish reversal signal. The price has been forming lower highs and lower lows over the past months, consolidating within a tightening structure. However, the current price action suggests an early breakout attempt, which could lead to significant upside movement in the coming weeks. Let’s break down the key levels, technical insights, and trading opportunities visible in this chart. 📉 Chart Pattern: Falling Wedge (Bullish Reversal) 🔹 What is a Falling Wedge? A falling wedge is a bullish continuation or reversal pattern characterized by converging downward-sloping trendlines. It typically signals a loss of bearish momentum, leading to a breakout to the upside. 🔹 Key Observations in the Chart The price has been moving inside the falling wedge structure, with clear lower highs and lower lows. The support level around $75,000-$80,000 has been repeatedly tested, forming a strong demand zone. A trendline breakout has occurred, suggesting that bulls are regaining control over the price action. Volume is expected to increase upon a confirmed breakout, reinforcing the bullish momentum. 📊 Important Technical Levels 1️⃣ Support & Resistance Zones 📌 Support Level: The $75,000-$80,000 zone has acted as a strong base, preventing further downside. Buyers have stepped in multiple times here. 📌 Resistance Level: The $95,000-$100,000 range represents a historical resistance where price has struggled to break through. 2️⃣ Trendline Breakout The chart clearly shows a breakout above the falling wedge’s upper boundary, indicating a potential trend reversal from bearish to bullish. If this breakout holds, Bitcoin could see strong buying pressure pushing it toward its next major resistance level. 📈 Trading Strategy & Setup 🔹 Entry Confirmation To enter a long position, traders should wait for: ✅ A daily close above the wedge resistance (confirmed breakout). ✅ A successful retest of the breakout zone, which strengthens the bullish case. A breakout retest is ideal because it provides a lower-risk entry point, ensuring the breakout is legitimate rather than a false move. 🔹 Target Price Projection Using the height of the falling wedge as a projection, the potential price target is set at $118,000. This level aligns with a 35%+ upside from the breakout zone. Bitcoin must clear the $95,000-$100,000 resistance before reaching the final target. 🔹 Stop Loss Placement A stop loss is positioned at $59,896, slightly below the previous major support zone. This ensures that if the breakout fails, losses are minimized while still allowing price fluctuations within expected volatility. 🔹 Risk-to-Reward Ratio Entry around breakout level (~$87,000) Target: $118,000 (35% upside) Stop Loss: $59,896 (~30% downside) Risk-to-reward ratio: ~1:3, making this an attractive trade setup. 📢 Market Psychology & Sentiment Why This Pattern Matters? A falling wedge represents seller exhaustion. Over time, the bearish pressure weakens, leading to a bullish breakout. If Bitcoin can maintain this breakout, momentum traders and institutional investors may step in, accelerating the rally. Breaking above the resistance at $95K-$100K would confirm bullish dominance, potentially leading to new all-time highs. Potential Risks ❌ Fake Breakout: If Bitcoin fails to hold above the wedge resistance, we may see a pullback to support before another breakout attempt. ❌ Macro Factors: External factors like regulatory news, interest rate decisions, and market-wide sentiment could impact price action. ❌ Bitcoin Dominance: If altcoins start rallying, some capital may rotate out of Bitcoin, slowing the upside move. 🚀 Final Thoughts: A High-Probability Bullish Setup ✅ The falling wedge breakout suggests a strong bullish shift, with a 35%+ potential upside. ✅ A confirmed breakout above $95K-$100K will act as a final confirmation before the next leg up. ✅ Risk is managed with a stop loss at $59,896, ensuring downside protection. 🔹 Best trading approach? Wait for confirmation, manage risk, and let the trend develop. Would you like additional insights on entry techniques, volume confirmation, or potential invalidation points? 😊
BITSTAMP:BTCUSDLong
by GoldMasterTrades
BTC Today's analysisDuring the recent continuous and close tracking of the cryptocurrency market dynamics, I have always maintained an optimistic view on the price trend of BTC. As it turns out, this prediction has been strongly validated by the market. Since the last market analysis, the price of BTC has shown a strong upward momentum, steadily climbing from an initial price of around 84,000 to the current remarkable 85,200. 💎💎💎 BTC 💎💎💎 🎁 Buy@83500 - 84000 🎁 TP 86000 - 87000 The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
BINANCE:BTCUSDLong
by BenGray9
Bitcoin at a Critical Juncture – Breakout or Breakdown? 📉 BTC is at a key decision point! After pulling back from recent highs, it's now consolidating within a range, sitting right in the middle of the previous price swing. I'm keeping a close eye on this zone—if price breaks out, a high-probability trade opportunity could emerge. 🎯 In this video, we dive deep into price action and market structure, breaking down a potential trade setup—if the market aligns with our strategy. 🚨 Trade smart, manage risk—this isn’t financial advice! 🚀🔥
by fxtraderanthony
7
BTCUSD BUY NEXT MOVE 1. Bearish Reversal Scenario: Alternative Outlook: Instead of continuing upward to the next target, Bitcoin may fail to breach the resistance and reverse downward due to a potential "bull trap." Trigger: A rejection at or near the double-top resistance around $88,000 could initiate a sell-off toward the trendline support near $85,000 or lower. Bearish Volume Confirmation: If there is a significant bearish divergence on indicators like RSI or MACD, it could confirm the weakening bullish momentum. 2. Range-Bound Consolidation: Alternative Setup: BTC might get stuck in a sideways consolidation range between $85,000 (support) and $88,000 (resistance), reflecting indecision in the market. Trigger: This could be driven by mixed macro signals (like interest rate policies, crypto market sentiment) and lack of volume to push the price strongly in either direction. 3. False Breakout (Bull Trap): Alternative Bearish Scenario: If BTC spikes slightly above the double-top resistance (around $88,000) but fails to hold the breakout level, it could trap late buyers and drop quickly. Trigger: A false breakout pattern often occurs with low volume on the breakout attempt followed by a sharp reversal. Potential Drop Target: BTC may then fall toward $83,000 or even retest $82,000 as deeper support
BITSTAMP:BTCUSDLong
by mrsamfx81
A Good Example of How Market Makers Manipulate BTC Price- As liquidation areas are visited, price drops back down, retraces back up just to fill the price imbalance before continuing to for a new low. - The latest price action is similar to the previous, and there is a very good likelihood that the Bitcoin price will create another major new low - Also take note of the fake out in the ascending channel to trap traders into placing long positions. The fake out was also able to trigger stop losses from short positions. Let me know what you guys think and comment below.
ICMARKETS:BTCUSDShort
by QuantumTraderPro
BTC/USD Trading Analysis – Double Bottom & Rising Wedge BreakoutThis BTC/USD 4-hour chart showcases a potential bullish breakout setup based on technical patterns, key support and resistance levels, and price action analysis. The chart suggests a trend reversal following a downtrend, with signs of bullish momentum building up. Let's break down the full technical analysis, covering the chart structure, key levels, price patterns, and trading strategy. 1. Market Structure & Identified Patterns A. Double Bottom Reversal – Strong Bullish Signal A double bottom pattern has formed, which is a bullish reversal signal that indicates the end of a downtrend. This pattern consists of two significant low points (Bottom 1 and Bottom 2) near the $80,000 - $81,000 support zone. The pattern confirms strong buying interest at this level, preventing further price drops. A breakout above the resistance level would confirm the pattern’s validity, signaling a move toward higher targets. B. Rising Wedge Formation – Potential Bullish Breakout The price action is consolidating in a rising wedge, forming higher highs and higher lows within a narrowing range. A rising wedge often suggests a potential breakout. Since this wedge forms after a double bottom, the breakout is expected to be bullish, rather than a bearish breakdown. If the price breaks above the wedge’s upper trendline, it will confirm a strong upward momentum. 2. Key Support & Resistance Levels Support Levels: Major Support Zone (80,000 – 81,000): This level has been tested twice, confirming buyer strength. It serves as the foundation for the double bottom pattern. Stop Loss Level (72,921): If the price drops below this level, it would invalidate the bullish setup. This level is strategically placed to manage risk and protect against potential downturns. Resistance Levels: First Resistance Zone (95,000 – 100,000): This is a critical level, as the price has faced multiple rejections here. A breakout above this zone would confirm a strong bullish trend continuation. Take Profit Targets: TP1 (108,481): The first take-profit target aligns with previous highs and is a logical point for partial profit booking. TP2 (114,372): This is the second profit target, calculated based on Fibonacci extensions and historical price movements. 3. Trading Strategy & Execution Plan A. Entry Strategy To execute a successful trade, we need to wait for confirmation of the breakout. Ideal Entry: After a strong breakout above 95,000 – 100,000, indicating bullish momentum. Confirmation Factors: Increased trading volume → Signals strong buying interest. Candle close above resistance → Confirms breakout. Retest of broken resistance as support → Strengthens bullish continuation. B. Risk Management Stop Loss Placement: Below 72,921, ensuring limited downside risk. Risk-to-Reward Ratio: The trade setup aims for a 1:3 or better risk-to-reward ratio. C. Potential Scenarios ✅ Bullish Breakout: If BTC breaks and holds above 95,000 – 100,000, we can expect a rally toward 108,481 (TP1) and 114,372 (TP2). ❌ Bearish Rejection: If BTC fails to break resistance, it could retest 80,000 or drop lower, invalidating the bullish setup. 4. Final Thoughts – What to Expect? This BTC/USD 4-hour chart analysis provides a high-probability bullish trade setup, supported by: ✅ Double Bottom Formation → Strong Reversal Signal ✅ Rising Wedge Breakout Potential → Momentum Building ✅ Key Resistance Breakout Levels Identified 📌 Conclusion: If Bitcoin breaks above 95,000 – 100,000, expect a major bullish move toward 108,481 and beyond. However, if resistance holds, we might see a retest of lower support levels. Risk management is essential for a successful trade execution. 🚀
BITSTAMP:BTCUSDLong
by GoldMasterTrades
1
$BTC to the MoonFor BTC, we are still sticking to our "to the moon" analysis 🚀 hehehe. We remain in a trade with the following parameters: Entry: 81,758 Stop Loss: 79,901 Target: 109,390 This is our trade operation, but we have also increased our hold position at this entry point, aiming for the very long term. Currently, our average price is 42,350. What reinforces our analysis? By analyzing the daily and H4 time frames, we can observe: ✅ Bullish continuation purges ✅ SMT (Smart Money Theory) confirming the movement ✅ A shift in the state of price delivery With that in mind, I remain bullish, and may the moon be just the first target! Let's go, BTC! 🚀
BITSTAMP:BTCUSDLong
by Pilucax