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Btcusdanalysis

Bitcoin will reach at $221,0001. Overview of the Chart Asset: Bitcoin (BTC) / USD Timeframe: Daily (D) Platform: TradingView Date Range: Approximately mid-2023 to March 11, 2025 Current Price (as of Mar 11, 2025): $76,697.39 (shown in the top right corner) 2. Price Movement Historical Trend: From mid-2023 to late 2024, Bitcoin shows a steady uptrend with some corrections. The price rises from around $25,000–$30,000 to a peak near $100,000 by late 2024. Recent Action: After hitting a high around $100,000 in late 2024, the price corrects downward, dropping to around $75,000–$80,000 by early 2025. The current price as of March 11, 2025, is $76,697.39, indicating a slight recovery or stabilization after the correction. 3. Technical Patterns Ascending Triangle Formation: The chart shows an ascending triangle pattern from mid-2024 to late 2024. This pattern is characterized by: A flat resistance line around $95,000–$100,000 (the horizontal line where the price struggles to break through multiple times). An ascending support line (sloping upward), indicating higher lows as buyers step in at progressively higher prices. Breakout: In late 2024, the price breaks above the resistance of the ascending triangle, reaching a high near $100,000. This breakout is typically a bullish signal, often leading to a continuation of the uptrend. Target Calculation: The target for an ascending triangle breakout is often calculated by measuring the height of the triangle (from the base to the resistance) and projecting it upward from the breakout point. The height of the triangle appears to be roughly $30,000 (from the base around $65,000 to the resistance at $95,000). Adding this to the breakout point of $95,000 gives a target of approximately $125,000. However, the price only reached around $100,000 before correcting, suggesting the breakout may not have fully played out or was interrupted by market conditions. Trendline Upward Trendline: A long-term upward trendline (drawn in orange) connects the higher lows from mid-2023 onward. This trendline has acted as support during the uptrend. Current Position: As of March 11, 2025, the price is testing this trendline around the $75,000–$80,000 level. This is a critical area to watch, as a bounce from this trendline would confirm continued bullish momentum, while a break below could signal a deeper correction. 4. Support and Resistance Levels Support: The long-term trendline around $75,000–$80,000 is a key support level. If this trendline fails, the next significant support could be around the base of the ascending triangle, near $65,000. Resistance: The previous all-time high around $95,000–$100,000 is now a resistance zone. The price struggled to break above this level multiple times before the breakout and may face selling pressure if it approaches this zone again. 5. Price Action Analysis Post-Breakout Correction: After breaking out of the ascending triangle, Bitcoin hit a high near $100,000 but failed to sustain the momentum, leading to a correction. This is not uncommon after a breakout, as markets often pull back to retest previous resistance (now support) or other key levels like the trendline. Current Position: The price is at a critical juncture as of March 11, 2025. It’s testing the long-term trendline support around $76,000. The fact that it’s holding above this level (at $76,697.39) is a positive sign for bulls, but confirmation of a bounce with strong volume would be needed to signal a resumption of the uptrend.
BINANCE:BTCUSDLong
by sohaibfx
9
Bitcoin BTC - Bottom Or The Bear Market? [READ CAREFULLY!]Hello, Skyrexians! Let's update our BINANCE:BTCUSDT idea. Last time we told you that this is the bottom when price was at $80k previous time. Yesterday we posted a mind at $78k that "Don't panic, this is the bottom". Today we have the update on this crypto to give you the thoughts what can really happen next. Let's take a look at the daily timeframe. We have shown you already the 5 Elliott wave cycle with two red dots on our Bullish/Bearish Reversal Bar Indicator . After that correction has been started. Now it looks like that price has finished the ABC zigzag and ready for the reversal. VERY IMPORTANT: price shall form the bullish bar and green dot on indicator on the daily close. We are still in danger, but if it will happen, it's going to be the strong long signal inside the Fibonacci 0.5-0.61 zone. After that the next impulse is going to happen. P.S. On 4h and lower time frames picture is beautiful! Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Long
by Skyrexio
8
BTC Upward WedgeWedge patterna usually require 5 touch points to confirm the pattern. Which, officially, Bitcoin has done. This upward wedge means revearsal for a bear market, while a downward wedge means reversal for a bull market. We are still inside this wedge which means even though this pattern is hypothetically confirmed on BTC, we could either see a rally up through the wedge until it finally breaks, or we may even break now into the end of March if BTC continues sideways. This pattern overall suggests that we are likely to see an early top for BTC if the pattern confirms in the next few weeks, otherwise there's still room for a late 2025 top for BTC even with the upward bearish wedge in play.
COINBASE:BTCUSD
by Lsabbott
Bitcoin Uptrend Continuation AnalysisQuick analysis of BTCUSD downside targets. Remains to be seen whether the near-term Bitcoin lows will hold, but if they don't, a "bear trap" setup could be in play. There's a daily demand zone (77075-74305) wedged between the 50% and 61.8% Fibonacci retracements. The bear trap will be dependent on momentum, but watch this area if we get a flush below 78180. If bullish divergences form, bulls could look to trap bears and buy within said range. That said, keep the focus on longer-term charts. Larger timeframe buy zones are ~70K. Should the weekly RSI take a dive < 40, look for reversal signals on smaller timeframes before getting long. The high of the corrective segment denoting ideal buys is 73808 and the anchor low securing the long-term uptrend is 49351. Entries within that range, which is wide, are viable. Also multiple support/resistance "flip zones" in play circa the abovementioned levels. Bitcoin found some support ~50% Fib retrace, anchored VWAP, and sub-daily demand. It could hold here (trying to put in a intraday higher low as I type this), but I'm hoping it trades lower before higher. Godspeed! JHart
BINANCE:BTCUSDLong
by JHartCharts
BTC/usdtFirst, the decline reaches the 66,865 range, then the 87,000 range to fill the CME gap, and then the decline continues until the liquidity accumulation at the price of 45,000. From this price, we are accompanied by an upward wave of excitement to the 133,000 range, which is the target of the cup and holder pattern that was formed in the past. The final visit to the middle of the channel and the discount that Bitcoin will give us for the last time, and flight and flight and flight...
by ehsungholami7
1
BTCUSD latest important newsThe U.S. government recently announced that it will not sell nearly 200,000 Bitcoins obtained from the Silk Road case. Instead, these holdings will be included in the strategic reserve. The decision eased concerns about a potential large-scale sell-off that could add further pressure to the market. Meanwhile, large investors, often referred to as “whales,” continue to accumulate Bitcoin despite the market’s continued volatility. Some market observers believe this may be a sign of confidence in the asset’s long-term potential. However, the continued volatility shows that uncertainty remains a key factor in the current crypto landscape. COINBASE:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT BYBIT:BTCUSDT.P
CRYPTO:BTCUSDShort
by Cryptocurrency_analystBaker
Dollar Decline Fuels Bitcoin Bull Case, Macro Signal CautionThe intricate relationship between the U.S. dollar and Bitcoin continues to be a focal point of analysis within the cryptocurrency market. While a weakening dollar can indeed bolster Bitcoin's bull case, a confluence of other metrics necessitates a cautious outlook. The dynamic interplay between these factors creates a complex and volatile environment for Bitcoin. The Dollar's Decline and Bitcoin's Ascent: • A weakening U.S. dollar often strengthens the appeal of alternative assets, including Bitcoin. This is because Bitcoin, perceived by some as a hedge against inflation and the devaluation of fiat currencies, becomes relatively more attractive when the dollar's purchasing power diminishes. • This inverse correlation stems from Bitcoin's nature as a decentralized, limited-supply asset, contrasting with the potentially inflationary nature of fiat currencies.1 When investors lose confidence in the dollar, they may turn to Bitcoin as a store of value. "High-Stakes Game of Chicken" with Central Banks: • The phrase "Bitcoin playing a high-stakes game of chicken" with central banks aptly captures the ongoing tension between decentralized cryptocurrencies and traditional financial institutions. • Central banks wield significant influence over monetary policy, and their decisions can have a profound impact on the value of fiat currencies and, consequently, on the cryptocurrency market.2 • The potential for regulatory crackdowns or the introduction of central bank digital currencies (CBDCs) poses a considerable risk to Bitcoin's long-term prospects. • Conversely, if central banks where to greatly devalue their currencies, it would greatly boost the Bitcoin bull case. Concerning Metrics and Cautious Outlook: • Despite the potential benefits of a weakening dollar, other metrics warrant a cautious outlook. • Market volatility remains a significant concern. Bitcoin's price fluctuations can be extreme, making it a risky investment for those with low risk tolerance. • Regulatory uncertainty continues to cast a shadow over the cryptocurrency market. Governments worldwide are grappling with the challenge of regulating cryptocurrencies, and any adverse regulatory developments could trigger a sharp sell-off. • Also, the overall global economic climate, with the potential for recessions, and geopolitical instability, add layers of uncertainty to the market. • Investor sentiment is also a huge factor. While there are times of great excitement, and "Fear of missing out"(FOMO), there are also times of great fear, that can cause large sell offs. Key Considerations: • Macroeconomic Factors: The broader economic environment, including inflation, interest rates, and economic growth, plays a crucial role in shaping Bitcoin's price trajectory. • Regulatory Landscape: The evolving regulatory landscape remains a key factor that could greatly effect Bitcoin's price. • Investor Sentiment: The psychological factors that drive investor behavior, such as fear and greed, can have a significant impact on Bitcoin's price. • Technological Developments: Advancements in blockchain technology and the adoption of cryptocurrencies by mainstream institutions could provide a boost to Bitcoin's long-term prospects. In essence, while the weakening U.S. dollar may provide a favorable tailwind for Bitcoin, investors must remain vigilant and consider the multitude of other factors that could influence its price. The "high-stakes game of chicken" with central banks underscores the inherent uncertainty of the cryptocurrency market, and a cautious outlook is warranted.
BITSTAMP:BTCUSD
by bryandowningqln
BTCUSDT TRADING POINT UPDATE >READ THE CHAPTIANSMC Trading Signals Update 🗾🗺️ crypto Traders SMC-Trading Point update you on New technical analysis setup for crypto BTC USDT. ) crypto Traders BTC USD ) list time post signals 🚀 Hit sucksfully My target point ) Now update on New analysis setup. BTC USDT still drop 💧. Trend 📉. Technical patterns FVG) 85k. Back down trand target point 78k. Key Resistance level 85k Key Support level 81k- 78k Mr SMC Trading point Pales support boost 🚀 analysis follow)
COINBASE:BTCUSDShort
by SMC-Trading-Point
Bitcoin's November Low: Recession Fears, and Volatility Bitcoin's recent slump, dipping below $80,000 to levels not seen since November, has sent ripples through the cryptocurrency market. This downturn, fueled by heightened recession fears and a complex interplay of macroeconomic factors, has triggered a wave of analysis and speculation. While some experts predict further corrections, others point to potential catalysts for a resurgence. Amidst this uncertainty, South Korea's ambitious push for a Bitcoin reserve and the burgeoning $BTCBULL presale add intriguing layers to the narrative. The primary driver behind Bitcoin's decline is the growing apprehension of a global economic recession. Persistent inflation, rising interest rates, and geopolitical tensions have created a climate of uncertainty, prompting investors to seek refuge in traditional safe-haven assets. This risk-off sentiment has weighed heavily on Bitcoin, a notoriously volatile asset class. Adding to the complexity of the situation is the ongoing tension between Bitcoin and central banks. As one expert noted, Bitcoin is "playing chicken with central banks" as the dollar experiences fluctuations. This dynamic underscores the fundamental debate surrounding Bitcoin's role as a potential hedge against traditional financial systems. The recent volatility surge following Donald Trump's comments on a Bitcoin reserve and the options expiry further exemplifies this tense relationship. Despite the bearish sentiment, there are glimmers of optimism. South Korea's ambitious plan to establish a Bitcoin reserve has captured the attention of the crypto community. This move, if realized, could signal a significant shift in the adoption of Bitcoin by institutional players and governments. The implications are far-reaching, potentially bolstering Bitcoin's legitimacy as a store of value and a strategic asset. The $BTCBULL presale, emerging amidst this volatile landscape, presents an interesting case study. In a market characterized by uncertainty, presales offer investors the opportunity to gain early access to potentially high-growth projects. However, they also carry inherent risks, and their success depends on a multitude of factors, including market conditions, project fundamentals, and community support. The $BTCBULL presale’s ability to attract investors during this period of market downturn will be a good indicator of overall market sentiment. Should it succeed, it may indicate that despite the general bearishness, there is still strong interest in projects that are perceived to be innovative, or to offer a unique value proposition. The current trading range of $78,000 to $82,000 reflects the market's indecision. Bullish momentum has clearly faded, leaving traders grappling with the implications of shifting macroeconomic conditions. The volatility witnessed in recent days underscores the need for caution and strategic decision-making. Furthermore, the impact of regulatory developments cannot be ignored. Governments worldwide are grappling with the challenge of regulating cryptocurrencies, and any significant regulatory changes could have a profound impact on Bitcoin's price and adoption. The ongoing debate surrounding stablecoins, DeFi, and central bank digital currencies (CBDCs) adds another layer of complexity to the market. In conclusion, Bitcoin's recent fall to November lows is a reflection of the broader economic uncertainties and the inherent volatility of the cryptocurrency market. While recession fears and bearish predictions dominate the headlines, South Korea's ambitious Bitcoin reserve plan and the $BTCBULL presale offer glimpses of potential future growth. Investors must navigate this complex landscape with caution, carefully considering the interplay of macroeconomic factors, regulatory developments, and market sentiment. The current volatility serves as a reminder of the need for thorough research and a long-term perspective. Whether Bitcoin retests lower support levels or stages a comeback remains to be seen, but one thing is certain: the cryptocurrency market will continue to be a dynamic and unpredictable space.
BITSTAMP:BTCUSD
by bryandowningqln
Crypto Markets See $3.8 Billion Outflow, What Does It Mean?Ethereum, Solana, and Toncoin were hit with multi-million outflows; but Bitcoin took the biggest hit with $2.59 billion in funding. For the third week in a row, digital asset investment products have seen investors siphon off funds. This past week alone marked a historic $2.9 billion outflow, raising the cumulative figure to $3.8 billion in three weeks. According to the latest edition of the Digital Asset Fund Flows Weekly Report, Bitcoin was hit the hardest by negative sentiment, suffering $2.59 billion in outflows last week, while short coin products attracted $2.3 million in inflows. Ethereum also faced heavy losses and received a record $300 million in outflows. Toncoin was not immune, with investors siphoning off $22.6 million. Meanwhile, multi-asset products experienced $7.9 million in outflows, while Solana and Cardano saw outflows of $7.4 million and $1.2 million, respectively. Even blockchain stocks fell, losing $25.3 million. Sui, on the other hand, saw inflows of $15.5 million, followed by XRP, which received $5 million, while Litecoin added $1 million in inflows. Over the past week, outflows were broad, with the United States leading with $2.87 billion, followed by Switzerland with $73 million and Canada with $16.9 million. Sweden also recorded $14.5 million in outflows, while Brazil and Hong Kong saw $2.6 million and $2.5 million, respectively. In contrast, Germany trended with $55.3 million in inflows as investors bought into the trend. Australia also recorded a modest inflow of $1 million. BITSTAMP:BTCUSD COINBASE:BTCUSD BYBIT:BTCUSDT.P BINANCE:BTCUSDT CRYPTO:ETHUSD
CRYPTO:BTCUSDShort
by Cryptocurrency_analystBaker
BTC/USD Daily Chart Analysis! Detailed AnalysisCurrent Market Overview: Bitcoin (BTC/USD) is currently trading around $85,963, showing a decline of -0.92% on the daily timeframe. The price action indicates the formation of a potential double top pattern, suggesting a possible trend reversal. Key Technical Observations: 1. Double Top Formation (Bearish Reversal Pattern) Top 1 & Top 2 indicate a classic double top pattern, signaling potential weakness in bullish momentum. The price failed to break above resistance, confirming selling pressure at higher levels. A confirmed breakdown from this pattern could lead to a significant decline towards key support levels. 2. Breakdown of Ascending Trendline The chart shows an ascending trendline, which has now been broken. This break signals a shift in market structure, favoring a potential bearish trend. After breaking the trendline, BTC/USD may attempt a retest before continuing lower. 3. Support Levels & Take Profit (TP) Targets TP1: $68,296 – This level acts as the first major support and potential take-profit zone for short sellers. TP2: $49,433 – A stronger support zone aligning with a previous accumulation area. If BTC breaks below TP1, TP2 becomes the next key level to watch. Potential Price Scenarios: 🔴 Bearish Scenario (Primary Outlook) BTC/USD retests the broken trendline or recent highs before continuing downward. Price drops towards TP1 ($68,296), where a temporary bounce may occur. If the selling momentum continues, BTC could fall further towards TP2 ($49,433), a major historical support level. 🔵 Bullish Scenario (Less Likely Alternative) If BTC holds above $85,000 and breaks above the double top resistance, the bullish trend may continue. A strong push above $90,000 could invalidate the bearish outlook, leading to new all-time highs. Trading Plan & Strategy: ✅ For Short Entries: Look for a retest of the broken trendline or rejection at $90,000 resistance before entering. Target TP1 ($68,296) as the first take-profit level. If price continues dropping, hold for TP2 ($49,433). ❌ For Long Entries (Risky): Only consider longs if BTC reclaims the $90,000+ level with strong volume. Set stop-losses below $85,000 to manage risk. Final Thoughts: Bitcoin shows bearish signs with a double-top formation and a trendline breakdown. While a short-term bounce may occur, the overall outlook suggests a move towards $68,000 and potentially $49,000. Traders should wait for confirmation before entering trades. 📉🚨
BITSTAMP:BTCUSDShort
by GoldMasterTrades
13
El Salvador Increases Bitcoin Reserves Despite IMF RestrictionsDespite IMF restrictions, El Salvador Bitcoin Investment continues to grow and expand, demonstrating President Nayib Bukele’s current strong commitment to cryptocurrency policy. At the time of writing, the Central American country has managed to increase its Bitcoin holdings to 6,111.18 BTC, worth approximately $504 million in current markets, while also engaging in complex relationships with various major international financial institutions. El Salvador’s government has persisted and even accelerated its Bitcoin accumulation strategy despite an agreement with the International Monetary Fund, which has significantly restricted its cryptocurrency activities. The December 2022 deal, which was established after lengthy negotiations, involves a $1.4 billion loan as part of a broader financial package of more than $3.5 billion. ] At the time of writing, El Salvador Bitcoin Investment has catalyzed and spearheaded an increase from 6,072 BTC in February to 6,111.18 BTC in March 2025. This strategic acquisition, such as it is, demonstrates the government’s unwavering resolve to maintain and optimize its cryptocurrency policy despite external pressure from various major financial institutions as well as a number of key regulators that have implemented several restrictions in the current market environment. BITSTAMP:BTCUSD COINBASE:BTCUSD BYBIT:BTCUSDT.P BINANCE:BTCUSDT
CRYPTO:BTCUSD
by Cryptocurrency_analystBaker
Bitcoin crash to $80K is normal, not the start of a major declinData confirms that the latest Bitcoin crash may be the result of a natural correction, rather than the start of a major downtrend. Bitcoin has once again fallen below $80,000 for the second time this year, sparking investor panic. As fear spreads, many are questioning whether this drop marks the end of the Bitcoin bull run or if it is just a natural correction in the ongoing uptrend. The decline in peak losses shows Bitcoin in a natural correction; in recent analysis, even though Bitcoin has revisited the $80K range, the extent of realized losses is still significantly lower than previous corrections. While CRYPTOCAP:BTC has revisited the $8.0K range, peak losses are still significantly lower than the late February to early March correction. Total peak losses: February 25: $933M February 26: $897M February 28: $933M BITSTAMP:BTCUSD BINANCE:BTCUSDT COINBASE:BTCUSD BYBIT:BTCUSDT.P
CRYPTO:BTCUSDShort
by Cryptocurrency_analystBaker
Bitcoin (BTC/USDT) Analysis: Bullish Reversal from Key Support ZBitcoin (BTC/USDT) Price Analysis – 1H Chart Key Observations: Bullish Reversal Setup: The price is currently in a key demand zone (red support area). A potential double-bottom formation is forming, suggesting a possible bullish reversal. Support & Resistance Zones: Support: $80,680 - $82,500 (Marked in red) Resistance: $90,000 - $92,000 (Marked in red) Potential Move: The chart suggests a buy setup, with a target towards $88,800+. The expected move aligns with a retracement to the previous resistance zone. Confirmation Needed: A break above $84,000 could confirm the uptrend. If BTC falls below $80,680, the bullish scenario is invalidated. Conclusion: Bias: Bullish reversal expected if support holds. Entry Zone: $80,680 - $82,500 Target: $88,800 - $90,000 Invalidation: Below $80,680
Long
by KingProTrader
1
btc long idea due to fvga strategic long position on Bitcoin (BTC) at $78,000, following a Fair Value Gap (FVG) that forms at $76,000. This gap suggests a potential price inefficiency, which you believe could trigger a bullish move in BTC’s price. The setup implies that the price will fill the gap and push higher. To manage risk, you’ve set a stop loss at $75,000, providing a clear level for potential exit in case the market moves against your position. Your target for this trade is $96,000, where you expect significant resistance or a strong price movement to materialize. Overall, the trade offers a solid risk-reward setup with the expectation of capturing gains as Bitcoin rallies from the FVG level.
BINANCE:BTCUSDLong
by MOAZAM1133
BITCOIN NEOWAVE ANALYSISBitcoin appears to be forming an ABC correction pattern, with wave B completing precisely at the 1.38 Fibonacci extension of wave A. Since waves A and B have taken roughly equal time to form, wave C is expected to be longer and more drawn-out. It seems likely that wave C could extend until around 2028, though an earlier completion by 2025 remains possible. Wave C targets two key levels, each with its own probability: The higher-probability target is the 0.618 Fibonacci retracement of wave B, around $33,000. Alternatively, wave C could match the length of wave A, pointing to around $28,000. Both scenarios indicate a significant correction before Bitcoin resumes its upward trend. It's important to note that the price could potentially break the ATH one more time before reversing downward. This scenario might resemble the pattern observed at the end of wave G, where a final upward surge preceded a significant decline.
INDEX:BTCUSD
by thekidtrader11
Bitcoin will make a Breakout Chart Analysis: 1. Timeframe and Price Context Timeframe: 4-hour chart (each candlestick represents 4 hours of trading). Price Levels: The current price is $92,812.72, with a slight decrease of 0.23% as of the latest data point. The price range on the chart spans from approximately $80,000 to $108,255 (the recent peak). Trend Overview: Late 2024: Bitcoin experienced a strong uptrend, peaking near $108,255. Early 2025: The price has corrected downward, forming a descending triangle pattern, with the current level at $92,812.72. 2. Key Patterns and Annotations Descending Triangle: The chart features a descending triangle pattern, a common consolidation pattern that can signal either a continuation of a downtrend or a reversal. Upper Resistance: A horizontal resistance line around $108,255 (the recent peak where the price failed to sustain higher levels). Lower Support: A descending trendline (sloping downward) that the price has been testing, currently near $92,000-$93,000. The price is nearing the apex of the triangle, suggesting an imminent breakout (upward or downward). Accumulation Zone: The chart labels an "Accumulation Zone" near the $80,000-$85,000 range, indicating a potential area where large players (e.g., whales) may have been buying during the correction. The current price ($92,812.72) is above this zone, suggesting a bounce or stabilization after reaching this support. Breakout Prediction: An upward arrow with a Bitcoin symbol points toward $120,000 or higher, indicating a potential bullish breakout targeting a new all-time high. 3. Support and Resistance Levels Support: The $92,000-$93,000 level is acting as immediate support, aligning with the lower boundary of the descending triangle. The $80,000-$85,000 accumulation zone is a stronger support level, likely a key area of buying interest during the correction. If this support fails, the next level could be around $75,000 (a psychological and historical support). Resistance: The $108,255 level is a major resistance, marking the recent high. The next significant resistance could be around $120,000 (as suggested by the arrow), a psychological level and a potential new all-time high. 4. Volume and Momentum (Not Visible but Inferred) Volume bars are not clearly visible, but typical behavior suggests: Volume likely peaked during the rally to $108,255 and decreased during the correction as selling pressure eased. A breakout would require a volume spike to confirm, especially if the price breaks above the descending trendline (around $100,000-$105,000). Momentum indicators (e.g., RSI or MACD) could indicate if Bitcoin is oversold or showing bullish divergence, supporting a reversal. 5. Potential Scenarios Bullish Breakout: If Bitcoin breaks above the descending trendline (around $100,000-$105,000) with strong volume, it could confirm the breakout. The target of $120,000 (a ~29% move from $92,812.72) is plausible, especially if whale accumulation in the $80,000-$85,000 zone drives momentum. This aligns with the upward arrow and suggests a resumption of the prior uptrend. Bearish Breakdown: If the price fails to hold the $92,000-$93,000 support and breaks below, it could signal a bearish continuation. The next support at $80,000-$85,000 would be tested, potentially leading to further downside toward $75,000. Consolidation: If the price remains within the triangle (between $92,000 and the descending trendline), it might continue to consolidate until a catalyst (e.g., market news, volume surge) triggers a move. 6. Market Context Whale Activity: The accumulation zone at $80,000-$85,000 supports your earlier narrative of whales accumulating during corrections to set up a breakout. This could indicate strategic buying by large players. Market Sentiment: As the leading cryptocurrency, Bitcoin’s price heavily influences altcoins like Ethereum and UNISWAP (from your previous charts). A bullish breakout in BTC could trigger similar moves in the broader market. Timing: The chart’s position near the triangle’s apex suggests a breakout could occur within days to a week on a 4-hour timeframe, depending on market conditions.
BINANCE:BTCUSDLong
by sohaibfx
BTC/USDT Technical Analysis – Bearish Outlookhello guys. Market Structure & Pattern Bitcoin is forming a descending wedge, with lower highs indicating weakening bullish momentum. The price is testing the ascending trendline support, which, if broken, could lead to further downside. Anticipated Move A short-term bounce may occur, but a rejection from resistance is expected. BTC is likely to break below support, leading to a move toward the $80,000 - $81,000 demand zone. Key Levels to Watch Resistance: $89,200 – $90,000 (Potential rejection area) Support: $85,000 (trendline), then $80,000 - $81,000 (target zone ) Confirmation & Invalidations A confirmed break below the trendline supports the bearish outlook. Bullish invalidation: A strong breakout above $89,200 - $90,000 could shift momentum back to the upside. --------------------------------- Conclusion The current structure suggests a bearish breakdown, with a target of $80,000 - $81,000 unless resistance is broken. Monitoring price action at key levels is crucial for confirmation. 🚨
Short
by melikatrader94
20