Bitcoin: Don't be blind to the world (Trump inauguration)Regular readers will know that we avoid fundamental analysis In these reports - we stick to the price.
But that doesn’t mean being blind to the world around us.
On Monday January 20, Donald Trump will be inaugurated as US President.
I’m sure many of you have your political views about Trump - but just keep those away from your trade ideas!
The crypto market - and Bitcoin especially - has been on a huge rally since Trump spoke at a Bitcoin conference in favour of cryptocurrencies last year.
There’s a chance President Trump could mention Bitcoin in his inaugural speech but even if he doesn’t, the prospect of favourable regulation is broadly positive for Bitcoin - or if we’re more honest - the idea of better regulation could be enough justification to keep the crypto bull run going for now.
Bitcoin
On the weekly chart, we can see Bitcoin (BTC/USD) has been trading sideways around the $100,000 level - with roughly $90,000 as support.
But bigger picture it’s a huge uptrend and we want to trade in line with the trend (as always)
Importantly - it just closed the week back over the critical $100K mark - and it did so with a bullish engulfing candlestick that engulfed the previous 3 weeks.
As a reminder - where the week closed is more important than the high or low of the week - and a weekly close is more significant than a daily close. You can think of the closing price as the price that everybody agreed was the right price for that period.
The final missing piece to the bullish breakout is a weekly close at a new record high.
On the daily chart we are watching the broken trendline as well as the $100k level as support that needs to hold if the breakout is going to happen soon.
But while the price trendline is not especially reliable with only two ‘touches’ or swing points the broken RSI trendline is much more significant and shows a big pickup in momentum that will be needed if the price is to break out.
If the breakout does happen, the first barrier that needs to break is $110,000 but after that $120k then even $130k could come quite quickly given Trump’s inauguration this week.
But - as always - that’s just how my team and I are seeing things, what do you think?
Share your ideas with us - OR - send us a request!
Send us an email or message us on social media.
cheers!
Jasper
Btcusdanalysis
Next target for Bitcoin BTC price is $110k but there is a nuanceCRYPTOCAP:BTC price has reached $90000 - this is something incredible, considering that just 8 years ago we were trading #BTCUSD for $900) X100 is easy money if you save it)
And the coolest thing is that this is just the beginning)
However, no one on our planet has yet canceled the effect of gravity so everything that takes off will be attracted to the ground
OKX:BTCUSDT price needs a correction, at least to $77-78k. And even more so, this correction is needed for altcoins, so that the “fresh” capital that entered the cryptocurrency market through #Bitcoin CRYPTOCAP:ETH CRYPTOCAP:SOL CRYPTOCAP:DOGE CRYPTOCAP:TON can flow into low-cap #Altcoins
It may hurt a little at first, but it will be pleasant later
Use the correction period to monitor altcoins very closely to determine which ones are being redeemed, where there is strength and support, and the greatest chance of further growth
Or follow us, we regularly give tips;)
BITCOINUSD TECHANICALL ANALYSIS FOR H1 (READ CAOTION)hello trader's. what do you think about bitcoinusd
current price: 105000
Today BitcoinUSD Just Touch The Last High Area 105700 We See Some Retestmint in BitcoinUSD it can be good Retest in BitcoinUSD Now we Have H1 Channel Pattern So bitcoinusd going to toching Resistance zone 106500 then bitcoinusd Fall Down side to Support 101500 then expected 97500
support 95500.94500
resistance zone. 10580o . 107000
please like comment and follow
BTC Dominance AnalysisWe are currently observing a key resistance zone (labeled as "A") between 59% and 60% dominance. The price action shows a potential rejection from this area, suggesting that BTC dominance might struggle to break above this level in the short term.
If the rejection occurs as expected, we could see a downward move towards the highlighted support zone (labeled as "B") around 54.5% - 55%. This zone represents a significant area of buyer interest and could lead to a reversal or stabilization.
Key Levels:
Resistance (Zone A): 59% - 60%
Support (Zone B): 54.5% - 55%
Projection:
If rejection from Zone A occurs, a bearish movement towards Zone B is likely.
A potential bounce from Zone B could lead to a recovery in BTC dominance.
How Bitcoin’s Recent Golden Cross Could Impact Your Crypto Bitcoin has been performing strongly on the charts since hitting a low of GETTEX:89K a week ago. The cryptocurrency’s value has risen to over $105,000 at the time of writing, marking an increase of over 11% in just a week. The recent gains have sparked optimism within the crypto community, with some speculating about a potential short-term rally.
According to Burak Kesmeci from CryptoQuant, Bitcoin’s 1-7 day UTXO average has crossed above the 7-30 day UTXO average. This crossover signifies that the average cost basis for Bitcoin acquired over the past week is rising, despite recent price hikes. This positive signal indicates that the ongoing price upswing is backed by fresh capital inflows.
#SMC Short idea for #BTC Bitcoin is getting close to a crucial liquidity zone where short traders' stop-losses are probably going to be activated. An entry here might draw a lot of stop-loss orders, which is something that Bitcoin frequently looks for. With a risk-reward ratio of 1:4 or higher, this setup presents a compelling chance for a short trade.
DXY - OVERBOUGHT = Risk On in Near Term = GainsThe DXY RSI levels are approaching overbought territory. Don't need to over think this one. I'm looking for a mean reversion.
On average, it appears a DXY pull back is +/-12%. $102-$98 is the level I'm watching for the short/medium term for the DXY. I imagine it strengthens again in the future, but it's offside at the current moment.
Stonks, BTC, & Crypto are looking prime for a risk on environment & substantial gains - for at least the short to medium term - if the DXY sells off.
Either way, it's looking like the DXY will need to mean revert in the near term.
BULLISH.
BTC BITCOIN- check out btc next target must read captionBTC/USD is displaying strong potential for an upward breakout, supported by market momentum and bullish sentiment. Patience is key—hold your trade as the price gears up for a significant move to the upside. The trend is setting up for a favorable run, so stay focused and confident in your position.
"Bitcoin 2025 Peak Projection: Bullish Momentum Towards $110K Based on the chart:
1. **Major Uptrend from 2017-2025**: The long-term trendline shows consistent upward momentum, connecting key lows from 2017, 2021, and beyond. Bitcoin remains in a bullish macro structure.
2. **Key Fibonacci Levels**:
- The **1.382 Fib extension (94,770)** served as a critical resistance but was broken and now acts as support.
- The **1.618 Fib extension (109,690)** represents the next potential resistance, aligning with the projected 2025 peak.
3. **2021 Peak and 2022 Bottom**: The chart emphasizes Bitcoin's cyclical behavior, with the 2021 peak followed by a sharp 80% correction to the 2022 bottom. This highlights the possibility of a significant pullback after a new peak.
4. **Current Price Action**:
- A breakout from a consolidation channel has fueled the bullish rally.
- Bitcoin is approaching the **trendline resistance and 1.618 Fib level**, indicating a possible exhaustion zone near **110,000**.
5. **Projection for 2025**:
- A potential peak around **110,000** is expected, followed by a correction. The downside targets might include a return to the **94,770 level** or the long-term trendline for support.
### Strategy:
- **Short-term bullish bias** as Bitcoin trends toward 109,690.
- **Prepare for a reversal** around 110,000, targeting key retracement levels like 94,770 for support.
- Watch for patterns or confirmations near resistance before initiating any sell trades. CAPITALCOM:BTCUSD
Price & Market overview current of BTCKey Insights from the Data:
1. Price & Market Overview
BTC Price: Trading between $102,900 and $103,000, down ~1.1% from recent highs ($104k+).
Market Sentiment:
Fear & Greed Index at 77 (+2.67%), reflecting a strong "Greed" sentiment.
Bitcoin Dominance at 57.04% (+1.15%), indicating BTC's growing market share.
Macro Environment:
Gold Futures: Down -0.48% ($2701.55), showing minor weakness.
USD Index (DXY): +0.35% (109.200), a mild headwind for risk assets like BTC.
2. On-Chain Metrics
Exchange BTC Balances:
~1.81M BTC on exchanges, slightly down (-0.06%), indicating ongoing outflows.
BTC Spot Inflows/Outflows:
Recent net outflows totaling ~$221M over 4–6 hours suggest reduced selling pressure.
Implication: Fewer BTC on exchanges reduces immediate sell pressure but doesn't guarantee price increases if sentiment weakens.
3. Derivatives Overview
Open Interest (OI): $147.74B (+1.41%), showing new positions are being opened.
Funding Rates:
Binance BTC/USDT: ~0.0100% (mildly positive, bullish tilt).
OKX BTC/USDT: ~0.0114% (similar trend).
Liquidations:
24h Liquidations: $484.49M (+45.89%), reflecting increased volatility.
Long/Short Ratios:
Binance Traders: 1.64 (net-long), but sentiment is weakening.
OKX Accounts: 0.66 (net-short), showing mixed market views across platforms.
4. Technical Indicators
Price Action:
BTC corrected from $104.6k to ~$102.3k and struggles to reclaim $103.5k.
Moving Averages:
1h 50 MA ($103.6k): BTC below this level; bearish pressure persists.
1h 200 MA ($101.8k): Key support if downward pressure intensifies.
Momentum Oscillators:
MACD: Strongly negative histogram (-333), indicating bearish momentum.
RSI: ~48–50, teetering around neutral, with potential bearish confirmation below 45.
Volatility Indicators:
Bollinger Bands: Price in the lower half, signaling a slight downward bias.
5. Likely Scenarios (Next 12–24 Hours)
Bearish Continuation (~40% Probability):
BTC fails to reclaim $103.5k, falling toward $101.8k–$102k (200 MA).
Potential for further downside to $100k if selling accelerates.
Neutral Range (~35% Probability):
BTC consolidates between $102k and $103.5k with subdued volume.
Bullish Recovery (~25% Probability):
Buyers push BTC above $103.5k, potentially retesting $104.5k–$105k.
6. Confidence Level
Moderately Bearish (~55%) due to:
Negative MACD, struggles to break above short-term MAs, and rising liquidation volumes.
Macro bullish factors (high greed index, long-term outflows) provide a supportive backdrop, but immediate technical signals remain weak.
Final Recommendations
Monitor $103.5k for potential recovery or rejection.
Watch for high-volume breaks below $101.8k, which could trigger further downside.
Stay cautious of sudden volatility spikes due to increased liquidations and mixed sentiment across derivatives platforms.
BTCUSDT, Current Situation, January 18, 2025Based on the latest data, the current closing price of BTCUSDT is 102,681 USDT. The "Cup and Handle" formation is clearly observable on the weekly chart, and its confirmation is likely to be accompanied by an increase in trading volume.
The expected target range is between 120,000 and 130,000 USDT, assuming historical market trends continue.
Further price increases for BTCUSD are likely if the "Cup and Handle" formation plays out as expected. The coming weeks will be critical in determining whether the trend continues.
Key Factors to Monitor:
Weekly Closing Prices
Monitor closing prices below 102,000 USDT, as these could indicate weakness. A break below 100,000 USDT could accelerate the decline.
For upward momentum, breaking above the 108,500–110,000 USDT range is critical. Once surpassed, further growth toward the 120,000–130,000 USDT range can be anticipated.
Volume Trends
Strong volume increases during upward price movements are a positive confirmation of the formation.
Weak volume during price increases may signal uncertainty.
Monitor volume declines during significant price drops, as this could indicate a slowing down of the bearish momentum.
Emergence of Additional Patterns on the Chart
Head and Shoulders Pattern: This may signal a bearish trend if levels below the neckline break.
Double Bottom or Double Top: A double bottom may indicate the start of an uptrend, whereas a double top could reverse the trend.
Broadening Wedge: If a broadening wedge forms, monitor the direction of the breakout, as it will determine whether the trend continues or reverses.
Flags and Wedges: These patterns often suggest trend continuation. Volume confirmation following the pattern is crucial.
Disclaimer
This analysis is not to be considered as investment or trading advice. Monitoring the factors outlined above can contribute to making more informed trading decisions.
BTC Targeting 125-130K : Elliott Wave AnalysisIn the coming months, Bitcoin is likely to reach its next targets—or at least form one more higher peak. Here’s how it might play out:
Orange Count (Wave 4 Correction):
According to the orange wave count, Bitcoin is in a larger Wave 4 correction of the impulse that began at 49K. This suggests another high is on the way for Wave 5.
Recent Price Action (Higher High Above 102.8K):
After closing daily above 102.8K, the wick at 89K should be seriously considered a potential Wave 4 bottom. This implies we could now be in the fifth and final impulse wave heading up to a new high. Two main scenarios could unfold:
Scenario A (Regular Impulse):
If this is a standard impulse, we’ll see a Wave 2 retracement next—typically between the 0.5 and 0.786 Fibonacci levels of the initial move. That puts a possible Wave 2 target between 97K and 92.5K. From there, Wave 3 would likely accelerate toward 125K. This is shown by the red wave in the chart.
Scenario B (Ending Diagonal):
Wave 5 often appears as an ending diagonal, which can look like a rising wedge or an expanding broadening wedge. If this pattern takes hold, the next high may not exceed 120K by much.
Bearish Alternative:
There is still a bearish possibility as long as we remain below the previous high. In this case, the recent upward move could be part of a larger flat correction, which would push Bitcoin lower again before eventually reaching a new high. This more negative outcome would be confirmed if prices fall below 92K (the 0.786 retracement of the move up from 89K).
What comes up must go down!
Looking at the bigger timeframes (4H) btc has been rejected on a major resistance level. This could potentially bring us back down ton the green support zone. But I am safing it and taking profits at the yellow downwardsloping line.
Looking at the 15min it looks like we are making lower highs and soon to be lower lows.
Looking at the 5min we get reminded of that we could still back test the resistance zone but we are currently most likely to break down since we are in a steep downtrend.
Looking at the 1min timeframe I can see the higher lows at the micro trend but keep in mind that we are on the beginning of a downtrend on the bigger picture. I think the stop loss is perfectly executed above the previous lower high and I will now look forward to make the trade risk free! I think that btc easily could go down 4% based on price action.
Cyclical Bitcoin Analysis: Why Is 135K Significant?When Bitcoin prices above 135K, we’ll witness the bull rally gaining momentum. Why?
From a cyclical perspective, combining on-chain and technical data, I’m confident we are not yet at the peak of this bull rally. At least, if all this data isn’t going to become irrelevant, I’m certain of it. I believe that once Bitcoin surpasses 135K, the bull rally will accelerate, leading to a parabolic rise.
In the chart, you can also see the MVRV Z-score (below), providing additional evidence that we are far from the peak.
BTC USDTBitcoin's bullish momentum has strengthened as if it successfully broke above the Green resistance zone, which lies between $9,305.30 and $9,900.43, along with a descending trendline. This resistance zone represents the range high. To sustain this bullish trend and pave the way for new highs, Bitcoin needs to flip this zone into a strong support level. This transition would confirm buyer dominance and potentially signal the continuation of the upward trajectory.
Bitcoin (BTC/USD) forming a potential triple topThe chart shows Bitcoin (BTC/USD) forming a potential **triple top** pattern at the key resistance zone of around 102,600. This is a bearish reversal structure, signaling potential downside if confirmed. Here's the short analysis:
1. **Key Observations**:
- **Triple Top Formation**: Indicates strong resistance at the 102,600 zone.
- **Bearish Structure**: Price previously rejected from this zone twice, leading to a significant decline.
- **Break of Structure (BOS)** and **Change of Character (ChoCh)** labels hint at bearish momentum after failed attempts to break resistance.
2. **Next Steps**:
- **Wait for Confirmation**: The chart suggests waiting for bearish confirmation, such as a strong rejection or a BOS to the downside, before entering a sell position.
- **Target Levels**: Downside targets could be the next significant support levels, likely around 100,000 and 96,000, as indicated by the arrow.
3. **Risk Management**:
- If price breaks above the resistance (invalidating the pattern), bullish momentum could continue, so stop-loss placement is essential above the resistance zone.
BITSTAMP:BTCUSD
BTC long trade setup using ICC conceptsBTC is showing buyers presence by pushing price back to the resistance.
If buying volume rises on the resistance, we can zoom into low timeframes to find a bullish structure.
If price breaks above that bullish structure, we can expect the price to reach the last high, 108k, our target. It's weekend so it's low volume, RSI is overbought, I expect price to chill around 100k-103k. We just wait patiently for the price to tell us what it wants to do, could be a 1:3 or 1:4 trade.
"BTCUSD Technical Analysis: Based on the provided chart:
- **Support Zone**: BTC is currently near a support area around 92,000. This level might act as a bounce zone for a potential bullish move.
- **Targets**:
- If the price bounces, potential resistance levels are marked at 98,000, 102,000, and 108,000.
- These levels can act as profit-taking zones for long positions.
- **Stop-Loss Zone**: A stop-loss seems to be placed below the 90,291 level, indicating a critical invalidation zone for the bullish outlook.
- **Strategy**: A confirmation of a bounce or reversal from the support zone could justify entering a buy position targeting higher levels. Without confirmation, there is a risk of price breaking lower.