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Btcusdanalysis

Back to the Roots: BitcoinAs predicted in the previous analysis, Bitcoin was rejected at **$100k** and is now approaching a cycle low. 📉 📊 Current Analysis: ❌ We’re not at the bottom yet, and it’s not time to buy. 🔵 The 1-day indicator (dark blue line) is currently at **68** and looks poised to reverse to the downside, signaling a potential cycle break. ⏳ Even if this doesn’t happen, the 1-day cycle will need approximately a week to return to the **20 range**, marking Bitcoin’s 60-day cycle low. 📍 The low could form anywhere between **$85k and $91k**. 💡 Remember: **Cycles don’t predict prices; they provide timing bands for tops and bottoms.** 🔮 Next Cycle Outlook: ⚠️ The upcoming 60-day Bitcoin cycle doesn’t look promising: 1️⃣ The **1-week indicator** spent a significant amount of time above **80** and is now trending downward. 2️⃣ This cycle reflects the general trend for the next 1-2 months and currently leans **bearish**. 3️⃣ We may need more time before the market reverses to the upside. ✨ Despite this, there are intriguing opportunities in the market right now. More details are available in the **Premium group**. ✅ Stay safe, trust the cycles, and build your wealth.💪 Let me know if you’d like further tweaks! 🚀
BITSTAMP:BTCUSDLong
by TheStrategyMaster
Bitcoin at a Crossroads: Testing Key TrendlinesBitcoin’s current price action places it at a decisive technical level, where historical and recent trendlines converge. This area holds significant implications for the future direction of the market. 🔍 Key Observations from the Chart The Two Trendlines in Focus Old Trendline: This line, originating from the previous bull market, acts as a critical long-term support. Its historical significance makes it a widely-watched level for market participants. Young Trendline: This trendline represents the momentum of the latest bullish recovery. A break here could signal a potential shift in sentiment. Liquidity Cluster Around $92,500 A clear liquidity zone lies just below the current price. Such zones often attract price action as market makers seek to clear stop-losses or gather liquidity before determining the next move. Imbalance Zones Below Imbalances between $85,000 and $70,500 are visible on the chart. These areas represent inefficiencies in price action that could serve as potential targets if support levels fail. 🎯 Levels to Monitor Support Levels: Young Trendline (~$93,800): The first line of defense for bulls. Old Trendline (~$93,800): A breach here would signal a deeper retracement. Liquidity and Imbalance Targets: Liquidity Zone: $93,000-$92,000. Imbalance Zone 1: $85,000–$81,600. Imbalance Zone 2: $74,400–$70,600. Resistance Levels: If BTC bounces, watch for reactions near $98,000 and $100,000 as short-term resistance. 🤔 What Could Happen Next? Scenario 1: Support Holds If the trendlines hold, BTC could see a recovery toward $98,000 or higher, maintaining its bullish structure. Scenario 2: Break Below Support A loss of the young and old trendlines may lead to a retest of the liquidity zone at $92,500. If this level fails, the imbalance zones below become the next logical targets. Volatility Ahead With price so close to these key levels, whale activity and stop-hunting wicks are likely. Traders should prepare for possible fakeouts before the true direction becomes clear. ⚡ Key Takeaway Bitcoin’s position near these converging trendlines makes this a crucial moment. Whether the supports hold or price dips to fill lower imbalances, the upcoming moves will provide important clues about market sentiment heading into the new year. Patience and risk management are essential in this environment. Stay neutral, observe the price reaction to these levels, and let the market reveal its hand.
by SetKryptoBalans
BTC wait for pullback , not worth buying above 90k ...1. after previous high of 69000, we seen sharp down side from there btc recovered and formed a pattern 2. cup and handle or rounding bottom, after current breakout i found some interesting key points after a impulse move the short term target is calculated based on the handle and which was approx 50 % on the other hand the current breakout already has scored 55% from this neck line breakout 3. volume and fair price - if we consider 4nov weekly candle as breakout candle from that low to recent high, i projected the FIXED VOLUME PROFILE and found that 84280 and 82350 and second 79000 and 77350 can be the support zone or fvg or mean reversion zone which is also getting another confirmation with my 50dema in this scenario going back to basic if we have a sharp up side we cant expect the price to go vertically and market being dynamic 11-15% correction can be healthy pullback and good price to accumulate btc
Long
by Jimmy_Rebello
Analysis of the BTC Chart (Dec 27, 2024)Key Observations: Support Holding Firm: Price bounced off the Bear Day level (~$94,700) with a strong reaction, showing that buyers are defending this zone. This could indicate that the downside momentum is fading. Resistance Tests: BTC tested the Bull Day zone (~$96,800) but faced rejection, indicating resistance. However, price is consolidating just below this level, signaling a possible breakout attempt. Volume and Activity: The recent consolidation shows reduced volatility, which often precedes a significant breakout. Volume patterns could provide additional confirmation. Bullish Indications: The Bullish Week support (~$97,200) remains intact and could act as the next target if BTC breaks through $96,800 convincingly. Higher lows are forming near $95,600-$96,000, indicating a bullish structure if maintained. Bearish Risks: Failure to reclaim and hold above the Bull Day zone ($96,800-$97,200) could result in a retracement to test the Close Week support ($95,200) again. A loss of this support level would negate the bullish setup and signal more downside. Is a Large Move to the Upside Likely? BTC is setting up for a potential upside move, but confirmation is needed: Bullish confirmation: A breakout above $96,800-$97,200 with strong volume would likely trigger a move towards $98,400 and possibly higher. Bearish invalidation: A breakdown below $95,200 could trigger further downside to the Bear Day zone (~$94,800). Key Levels to Watch: Upside targets: $96,800, $97,200, and $98,400 (Bullish Swing level). Downside risk levels: $95,600, $95,200, and $94,800. Conclusion: The market structure is leaning towards a bullish breakout if BTC can clear the nearby resistance zones. However, keep an eye on volume and lower supports for invalidation of the setup.
by peteramner
Bitcoin/USDT AnalysisCurrent Price: The chart shows Bitcoin trading at approximately $95,660, with recent downward momentum (-2.11%). Support Zone: Around $91,800 - $93,500 (gray highlighted region), providing a strong base where price could potentially reverse or consolidate. Resistance Levels: $98,200 - $99,000: The first resistance level to watch if the price bounces upward. $101,000 - $102,000: A secondary resistance zone. $104,000 - $105,000: A higher resistance zone that aligns with previous peaks. Potential Scenarios: Bullish Scenario: If Bitcoin holds above the support zone ($91,800 - $93,500), a rebound toward $98,200 and potentially $101,000 is likely. A breakout above $101,000 could pave the way to test the $104,000 - $105,000 range. Bearish Scenario: A breakdown below $91,800 might signal further declines toward $90,000 or lower levels. Trend Analysis: The short-term trend appears bearish; however, the support zone may serve as a strong reversal point for a potential upward move.
Long
by melikatrader94
10
Bitcoin's collapse is imminent Bitcoin's collapse is imminent Over the past 24 hours, the price swept the shelf of liquidity at 99467, after which right now we are seeing a downward reaction. The market capitalization is 3.39 trillion and the dominance index is 59.06%. The fear and greed index is 79 (Extreme Greed). If we consider BTC from the point of view of structure - the price forms a local descending context. I expect further decline in BTC, at least to the removal of the shelf at 92278, I also do not exclude the deviation from the bottom of the current sidewall, and this is below 90218, up to the test of the first reference area in the form of 1D IMB 85159 - 81534. I did not take short positions, I will consider long positions when forming a set-up. 🚀 Trade with the professionals of THS - Wave Theory! 🔹 All trades are based on wave analysis. 🔹 Fixed stop loss and take profit for risk management. 🔹 100% automation: copy trades through CopyFX service. 🔹 Reliability and transparency: the results are confirmed by the market. 📈 Don't miss the chance to earn steadily! 👉 Connect to CopyFX with THS and start copying profitable trades right now! 💡 Details on our channel and in the app!
INDEX:BTCUSDShort
by Trade_Hive_Signals
BTCUSDBuyers repeatedly tried to push the price above $100,000. The local maximum is $99,450. The nearest key support zone comes in between $95,900 and $96,600. While the price is moving above this zone, the primary scenario is continued growth. The intermediate growth target is $102,000 - $102,757. Further, we can assume based on the price reaction. Below $94,300, this analysis is not current. ✍️It is important to note that the above post is general information and cannot be taken as specific investment advice. All investments involve high risk, especially in the volatile cryptocurrency markets. A thorough market analysis and consideration of one's own risk tolerance is essential when making any investment decision!
Long
by E-TradePSH
2
Bitcoin (BTC/USDT) Analysis. BTC appears to be trading within an ascending channel. The chart shows a bullish medium-term structure. The price is currently testing the lower trendline support within the channel. A crucial support area is marked between $94,000 – $92,000 (green area). This is a crucial level for a bounce. Any break below this support could invalidate the channel and lead to further upward pressure. Resistance lies around $100,000 – $102,000 (orange area), which has been tested multiple times. A breakout above this level could spark a bullish push towards the upper trendline of the channel or new highs. For updates on other coins or personalized insights, feel free to reach out via DM. @Peter_CSAdmin
Long
by CryptoSanders9563
The Impact of KULR's Investment & Israel's Bitcoin Mutual FundsThe cryptocurrency market, particularly Bitcoin ( CRYPTOCAP:BTC ), has seen significant movements recently, influenced by both institutional buying and regulatory developments. Two key events stand out: KULR Technology Group's substantial investment in Bitcoin and the upcoming launch of Bitcoin mutual funds in Israel. Technical Analysis: Bitcoin experienced a notable "spiral movement," reaching a peak of $99,000 before a sharp 4% dip, settling at around $95,481.85. This volatility can be attributed to immediate market reactions to news like KULR's purchase of 217.18 BTC for about $21 million. The Relative Strength Index (RSI) at 44 indicates a potentially weak growth pattern, suggesting that Bitcoin might be overbought in the short term, prompting traders to be cautious. The 24-hour trading volume of over $46 billion points to significant interest, yet the downward trend in price despite high volume might signal profit-taking or a shift in market sentiment. This could be interpreted as a consolidation period following a rapid ascent, with investors possibly waiting for more clarity or another catalyst. The current trend for Bitcoin appears weak, as observed from the RSI and the market's reaction to new institutional investments. This might suggest a period of stabilization or correction is on the horizon before the next potential bull run. Institutional Adoption KULR Technology's decision to allocate up to 90% of its surplus cash into Bitcoin, following in the footsteps of giants like MicroStrategy, underscores a growing trend of corporate treasuries diversifying into cryptocurrencies. This move not only legitimizes Bitcoin as an asset class but also potentially influences its price through increased demand. Regulatory Developments in Israel The introduction of six Bitcoin mutual funds in Israel, set to launch on December 31, 2024, is a pivotal moment for crypto investments in the region. This development aligns with global trends where regulatory clarity often leads to increased institutional investment. The funds, managed by well-known firms, will offer investors a regulated, less volatile way to gain exposure to Bitcoin, potentially driving further adoption and demand. The U.S. SEC's approval of spot Bitcoin ETFs earlier in the year has set a precedent, showing that with regulatory support, Bitcoin can attract significant institutional capital. Israel's move might follow this path, enhancing the perception of Bitcoin as a legitimate investment asset, not just a speculative one. Economic Implications By allowing transactions in shekels, these funds bridge the gap between traditional and digital finance, making Bitcoin more accessible to the average investor. This could lead to broader economic implications, including increased liquidity for Bitcoin and possibly influencing the digital shekel's development. Conclusion: The combination of KULR's bold investment strategy and Israel's innovative approach to Bitcoin through mutual funds paints a picture of a maturing market. Technically, Bitcoin might be facing short-term headwinds, but fundamentally, these developments suggest a robust future. Investors should watch for how these factors play out in terms of price stability, regulatory responses, and further institutional involvement. The narrative around Bitcoin continues to evolve from a digital currency to a recognized financial instrument in both corporate and national strategies.
COINBASE:BTCUSDLong
by DEXWireNews
Let's talk about CME📈In most cases, BTC is likely to move upward and fill the green CME gap section. This could lead to significant movements in altcoins, potentially triggering the next phase of the bull run and the start of an alt season. 📉However, in the worst-case scenario, if BTC breaks the critical $90K support zone, we could expect a continuous downturn, possibly filling the red CME gap. If this second scenario unfolds, altcoins are likely to experience substantial losses, and the first stage of the alt season may be missed. 📌In the first scenario, if the alt season starts BTC will continuously try to breaks the $90K super support zone. Setting stop losses becomes very important at this stage.
CME:BTC1!Long
by C-Squad
HolderStat | BTC pullback from resistance📉 BTC price fell by 2.6% overnight to $95,840, confirming expectations of a pullback from the key resistance level. At the same time, trading volumes grew by 14%. 📊 Funding rates remain low and open interest in futures rose 0.9% overnight - signs that players are preparing for the next move. Notably, one tracked wallet made a selloff at $98,031, which could indicate profit taking by a major player. 💡 The market is showing signs of localized weakness, but the dynamics of volumes and open interest hint at a possible accumulation of positions. Watch for further support levels and activity of large purses for entry points. _____________________ 📊 Want more useful analytics? Like and subscribe to stay up to date with the most relevant trading ideas! Always DYOR! 🔬
BITSTAMP:BTCUSD
by HolderStat
1
BTCUSDT Analysis: Breaking Key Levels on Dec 26, 2024Context and Analysis: Today’s Bitcoin price action saw a significant drop after consolidating near critical levels overnight. Here's a breakdown of key observations: Initial Consolidation: Price hovered within the Bear Day resistance zone around $98,400-$98,600 for several hours. This area was tested multiple times, reflecting significant selling pressure. Breakdown Confirmation: Early in the session, BTC broke below the Day support level at $97,800, triggering high-volume selling momentum. The decline was swift, heading towards the Bullish Weekly support zone ($97,200) but offering little relief. Current State: Price is now testing the Day-ATR low ($95,200), a critical intraday level. This aligns with broader market sentiment showing weakness and a potential continuation of the bearish move. Volume Profile Insight: The Point of Control (POC) near $98,400 acted as a ceiling, further solidifying the bearish outlook when the price was rejected at this level. Outlook: Bulls need to reclaim the $96,400 swing close level to stabilize and attempt a recovery. Failure to hold above the current ATR low could open the door to further downside exploration. Takeaway: Bitcoin is experiencing heavy selling pressure today, losing critical support zones one by one. Traders should monitor the $96,400 level for signs of reversal or a continuation of the bearish momentum.
by peteramner
Bitcoin"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
COINBASE:BTCUSDLong
by Golden_candle
Bitcoin BTC Is Preparing Last Drop To $89k Before The Rally!Merry Christmas, Skyrexians! Today BINANCE:BTCUSDT started moving again and this move is downward. That's why it causes a lot of emotions. But we warned you in our last analysis that Bitcoin will reach GETTEX:89K at least before the bull run continuation. Today we will take a look in details how this dump can be finished soon. Let's take a look at the 1 hour timeframe. When Bitcoin has recently reached the top our new Multilayer Acceleration/Deceleration Strategy closed all long trades and the dump was without any actions. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView . After that we have seen the wave A which consists of 5 waves. The next bounce was the wave B zigzag shaped. Today price dropped suddenly and hard, this is the sign that wave C is already in progress. Soon we will see the final target at $89k. From there we can expect the bullish continuation above $120k. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Long
by Skyrexio
The continuation of the upward bull run of Bitcoin💠 The nature of the market has always been such that every uptrend at the beginning of an upward trend requires a short correction, and this is not far-fetched for Bitcoin. ⭕️ Everything is self-explanatory on the chart and no further explanation is needed. Dear friends, the numbers given in the chart are drawn according to analytical and trading experience. So far, all my analyses have had a very low error rate, and I hope that this analysis will again achieve its goals without mistakes. ▫️The buying suggestions are the blue and purple lines, which I recommend buying as DCA. If you have two targets, you can see that there is no reason why the second target must be seen. It is possible that a sharp decline will begin near or in the middle of these two targets. Therefore, be sure to take your profits from the first target. Support us by liking the analysis ❤️
by DarkAnalyzer
1
BTCUSDT - Bearish sign?daily chart displays a ascending broading wedge pattern can notice obviously how price action going when touches the lower side of the pattern You'll notice a full absorption of the candle, with only a wick touching the lower part of the pattern. It's important to understand that the ascending wedge pattern is inherently bearish, often signaling a downward move. However, Bitcoin rarely gives you a clear short signal like this—it will likely liquidate all short positions first. What’s expected is a strong upward move in the coming days, followed by a drop. Bitcoin’s target for this correction is 85k.
Short
by ceciliones
1