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Btcusdanalysis

Bitcoin Yet To Recover Amidst February DipBitcoin ( CRYPTOCAP:BTC ) has yet to fully recover from its early February drop. The leading cryptocurrency remains colloquial, trading between $92,000 support and $102,200 resistance. This price variations posits a key contrast between digital and physical gold—while an ounce of gold trades at a relatively modest $3,000, Bitcoin fluctuates within a $10,000 price disparity. BTC’s future direction remains uncertain. If buyers gain strength and push the price above $100,000, Bitcoin could test new highs in the $102,200–$105,500 range, potentially extending its upward trend. However, a deeper correction could trigger a retest of the $93,000 support level, which would likely lead to a new local low within the $89,200–$92,000 range. Presently Up 1.02% with a moderate RSI of 44.90 a moderation largely attributed to Michael Saylor's 7,633 purchase of Bitcoin worth $742 million today. While the fear and greed index still remains at 35 this hints at a potential pull back might be inevitable.
BINANCE:BTCUSDLong
by DEXWireNews
Bitcoin Weekly & Daily 50 & 100 SMA shows HUGE Support The chart above has the 50 SMA ( RED ) and the 100 SMA ( BLUE ) Note how the 50 has acted as support on a Weekly chart More than anything, Note how it was used at the end of the 2 previous ranges of BTC this cycle. Projected 50 SMA points towards Contact with Pa in June, providing PA ranges as is now. The Daily chart is a little different. On this chart, see how it is the Blue 100SMa that provides support and it maybe worth noting what happened as the 50 crossed Under the 100 previously. The Crossover that is likely to happen later this wek is about the same time After Range start as previously. what does htis mean ? In mu opinion, it is highly likely we will follow previous and return to the 91K area It is there we need to remain and not drop lower, for to long. Time Will tell us but we need a plan for ALL situations. Trade safely and be safe yourself
by Orriginal
Bitcoin is hunting for liquidity, What's next?📊 After attempting to break $100K, Bitcoin faced another rejection. What’s happening now? The SMA shows that Bitcoin is still in a short-term downtrend, struggling to gain momentum. Right now, it’s hovering around $96,400 – $96,500, trying to stabilize. The key support to watch is $94,400 – $94,600—if it holds, we could see a bounce. If not, things might get shaky. On the upside, Bitcoin needs to break $100K first before making a real move toward $103K and beyond. For now, all eyes are on the $94K support. Will BINANCE:BTCUSDT hold or dip lower? What do you think?
by MonoCoinSignal
4
Bitcoin Range complete opposite of previous - Bullish Caution Since January 2023, Bitcoin has risen to its current Value in 2 steps distinct and we sit on the 3rd step now. But this Step is so VERY different and the potential Fragility exists The chart explains this clearly. The First step was in April 2023 and saw PA descend till June and remain in range till around October that year and saw a total retrace of around -20%. Lower Range Support was Horizontal and we were just above the 0.618 Fib extension The 2nd began in March 2024, PA initially descended till May and then bounced back, remaining in range till October and saw a total retrace of around -25.6%. Lower Range Support was descending and the 1.618 Fib Extension was just below and was tested directly in the week of 5th August Both began in Q2 ( approx) and ended in Q4 and both had an approx retrace of around -23% Both were Very similar in date range, start and end. And Both were above the 618 Fib extension. This time we have entered the "Step" in December ( Q4 ) and the under laying Support is Ascending. More than that, the line of resistance is the 2.618 Fib extension. And this has led to a tricky situation really. For a Start, we are in a tight pennant. The line of Resistance above is close We do not have the time to Range and that pennant Apex is in late April. PA tends to react BEFORE we hit the APEX of triangles The Ascending support has origins in 2017 and is the same line that PA used to Bounce higher in 2021 to reach the ATH in Nov. It is strong and we do not want to loose this. But PA is Very OverBought and needs to cool off. When PA bounced of this line of Support in 2021, MACD was back down to Neutral. We are currently up high. We need to repeat what we saw in previous "Steps" and let MACD cool off. It has begun on the weekly, but only Just turned Bearish So what can we do ? What seems to be happening is that PA is managing to remain in this triangle with an ascending support and a Very tight price range. We just saw this morning that PA has once again managed to bounce off this line after a sudden drop last night. Bulls Caught it on the line and we rise again But what I have noticed is also how the Bitcoin Transaction count has lowered in the same period and maybe This is how we are managing to remain in this pattern ? Less Transactions leads to less Volatility and so we keep a more stable Price range ? Data from CRYPTOQUANT as TV does not do this metric ( wish they would ) Step 1 30 April 2023 ( Step 1 ) Transaction count was around 569K at start of that step to a Low of 445K on June 30 in Mid range Step 2 From Feb Q1 2024, ( just beofre Step 2) we saw a continually rising transaction count that led to a peak of 671K on 22nd April. The Range has already begun by this point. 541K was the range low in August Step 3, Current situation As BTC PA rose Higher, we had transaction at nearly 850K but as we approached the range high we are currently in, Transaction count dropped dramatically, to 412K on Dec 16. to a Low around 398K in Mid December. On Feb 9th ( yesterday ), we are back down to 385K Is it this Low and currently descending Transaction count that is helping to keep PA in the Tight Range ? Low Traffic will lead to less volatility but it maybe a fine line before Price Drops due to seemingly Lack on interest in the asset ? Either way, We are in a Tight Triangle, currently with a Range height of around 10K This is like a Balloon Full of Air, Getting SQUEEZED Something has to go Pop at some point. Technically, this has to be Lower and this could be pointing towards a TOP for now. Maybe we are about to repeat the 2021 pattern of ATH early in the year, retrace and go for a New ATH in Q4 For me, this seems very possible - Unless PA breaks over that 2.618 Fib line. We are under considerable and mounting pressure from the ascending Line of support Maybe that line of support is strong enough to push us through ? But be under NO illusion. Bitcoin Pa is under Huge strain right now but with strong corporate hands holding it steady, maybe...... Stay Tuned for The continuing Story of BITCOIN rise to greatness
COINBASE:BTCUSD
by Orriginal
BTCUSD - M15 Short-Term Downside - Timing Today's USD NewsAnalysis of overall situation: We had a strong push up (to the left) We're now in a retracement phase. Usually there are 3 pushes down before the retracement is done. We're on that 3rd push phase. I'm looking to Buy overall, so this is a short-term scalp in line with the retracement. (The Buy scenario is the orange SnDR zone lower) H4 candles still showing weakness, indicating the retracement isn't done yet. Also, the spike from the previous M15 low happened at the new day, which hints it's not the real low. Waiting for the market to first take liquidity off the high of today, ideally enter into the gap (blue zone) then create strong Bearish candles. Entry will be on any M5/M15 retracement - after a break of structure. Also eventually breaking the current upward trendline. Targeting the M15 low Timing for this entry is after the USD News at NY Session. If market hits the invalidation level marked, then this idea is discarded.
CRYPTO:BTCUSDShort
by The_Peaceful_Trader
BTC/USDT 1H: Bearish Structure – Targeting Lower Levels?BTC/USDT 1H: Analysis 🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates! Currect Market structure: Price: $96,034, breaking below recent range support, signaling a short-term bearish trend. RSI: Showing potential hidden bearish divergence at 40.85. Smart Money Concepts: Indicating a distribution phase with lower highs. Trade Setup: Position: Short Entry Zone: $96,800 - $97,000 (premium zone). Targets: T1: $95,500 T2: $94,200 Stop Loss: Above $97,600 (recent high). Risk Score: 7/10 Reasoning: The risk-to-reward is favorable, but the price could still show some choppy action before confirming further downside. Market Maker Analysis: Accumulation: Seen around the $94,000 - $93,000 zone. Current Phase: Distribution phase suggests more downside is likely after the current consolidation. Price Action: Expect choppy movement between $95,500 and $97,000. Key Levels: Resistance: $97,000, $98,500 Support: $95,500, $94,000 Fair Value Gap: $95,800 - $96,200 Recommendation: Position: Short positions are favorable after a rejection at resistance levels. Confirmation: Wait for rejection at the $97,000 level before entering the short. Action: Structure suggests downside after the current consolidation phase, so prepare for more bearish momentum. Confidence Level: 7.5/10 – D istribution phase visible, but waiting for confirmation at resistance. 🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!
Short
by Cryptokijker
Why Bull Market Is Not Over For Bitcoin BTC?Hello, Skyrexians! Recently we have see the drop on BINANCE:BTCUSDT to $91k. We can't understand why it caused so much fear and negative in crypto communities. This is still next to ATH but fear and greed index dropped into the fear territory. This is great sign for bull run continuation and now we will explain you this statement with the technical analysis. Let's take a look at the weekly time frame. Before December we had a great probability that anticipated growth from $50k to $100k could be the final wave 5 of the bear market, but price action has broken the potential Awesome Oscillator's bearish divergence. It gives us the confidence that this move was just the wave 1 in wave 3. It means that the most impulsive growth ahead. The minimal target is 1.61 Fibonacci at $140k, maximal at $200k. We believe more in $200k, but watch out our updates because targets can be recalculated. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Long
by Skyrexio
The 100K Club: Market Moves Exchange Cold Wallet moveme In the volatile world of cryptocurrency, understanding market movements can be a daunting task. However, a growing number of traders are turning to unconventional indicators to gain an edge. One such approach involves analyzing the movements of the so-called "100K Club" — large exchange cold wallet addresses that hold substantial amounts of Bitcoin. These wallets not only represent significant market players but also act as a barometer for broader market sentiment. Unveiling the 100K Club Indicator Our newly developed indicator focuses on tracking major exchange cold wallet movements. By plotting simple labels whenever large movements of Bitcoin are detected from cold wallet exchange storage, it reveals critical market dynamics that are often invisible to the average trader. The indicator highlights accumulation and distribution phases, market tops and bottoms, and key levels for swing trading on weekly and monthly timeframes. Market Tops and Bottoms: A Clear Pattern Historical data suggests that the movements of the 100K Club wallets align closely with market tops and bottoms. When these wallets begin to offload significant amounts of Bitcoin, it often precedes a market top. Conversely, heavy accumulation by these wallets frequently signals a market bottom. This correlation provides traders with a reliable tool to anticipate major price swings. Accumulation and Distribution Levels The indicator also sheds light on major accumulation and distribution levels. Accumulation phases are characterized by steady inflows into exchange cold wallets, indicating that large players are positioning themselves for a price increase. Distribution phases, marked by substantial outflows, suggest that these players are cashing out, anticipating a market downturn. Swing Trading with Confidence For swing traders, understanding these wallet movements can be transformative. The indicator’s ability to define key levels on weekly and monthly charts allows traders to identify optimal entry and exit points. By aligning their strategies with the actions of major market players, traders can enhance their decision-making process and improve their risk management. Liquidation Candle Sweeps: A Hidden Signal An interesting phenomenon observed with these large wallet movements is the occurrence of liquidation candle sweeps above or below the major movement key levels. These sweeps often suggest a retail stop hunt before a reversal in market direction. Recognizing these patterns can provide traders with additional confirmation of potential reversals, making the indicator even more powerful for strategic trading.
BINANCE:BTCUSD
by Data_Driven_Trading
BTC Long, bear trap doneDaily level the last fews days not being able to break belove 95.500-95.000 level. Looking at the btc liquidity heatmap, there is not really much liquidity left below, loads of liquidity left above 109.000. Aiming for this huge RR trade, small stoploss. Would be my best trade ever if this succeeds. Also lots of positive bitcoin news the last few days. Im bullish. I was also waiting and waiting for 60k 80k levels, but i don't really think it will drop that far anymore, perhaps in the case of a massive world event.
BITSTAMP:BTCUSDLong
by ProdemoNL
what is happening to BTC right now ?! 🐺 "Hello, KIUCOIN family . I hope you're doing well. 🐺 In this analysis, I've decided to explain what's likely to happen to the BTC price in the immediate short term and the long term. Be sure to stay tuned with me until the end, as it's going to be mind-blowing." 🤯 "First of all, let's examine the monthly chart. In my opinion, this is one of the best timeframes, especially for this analysis, because it reveals extraordinary price targets. Let's dive into it : As you can see on the monthly chart , BTC is between two uptrend curves that have acted as support and resistance since 2015 . These curves are fairly strong, justifying their classification as strong support and resistance lines on the monthly timeframe. As you may already know, the higher the timeframe we examine, the more accurate results we can achieve. Therefore, the patterns on the monthly timeframe are much more accurate than those formed on the daily or even the weekly timeframe. In this case, we have a clear and perfect bullish flag pattern . This is a bullish pattern, and its main target, which aligns with our resistance line, is around $165,000. 🔥🐺🚀 So let's reveals more details for you dear 🐺KIUCOIN🐺 family : In the chart above, on the weekly timeframe, we have a clear AB=CD pattern . This is a well-known pattern in harmonic trading and, in my opinion, is quite accurate. Seven out of ten times, these patterns reach their targets, making them a valuable tool for traders . So I think there is another secret reason for us to pay attention to it : BTC.D As you can see in the chart above, BTC.D is currently within a symmetrical triangle, which could also be considered an ascending triangle in this case. It appears to be on the verge of breaking out. In my opinion, if BTC.D breaks through this resistance level, it could be incredibly beneficial for the BTC price , potentially leading to a significant rally up to $165,000. However, this could also be challenging for altcoins and ETH . While they might also experience pumps alongside BTC, these pumps are likely to be less substantial. After such a BTC-led rally, we could expect a massive altcoin and ETH season. So, stay tuned with me until that time, as we could potentially make life-changing money together during this market cycle. Now finally it's time to take look at the lower time frame : As you can see on the daily timeframe , if BTC breaks through the orange resistance line , we could consider entering a long position with a target of the previous all-time high. You could also take some profits at a predetermined level and set your stop at the entry point to protect your initial investment. The remaining position could then potentially continue to generate profits, leading to a higher target of $165,000. I hope you enjoy this idea dear KIUCOIN family , also always remember : 🐺 Discipline is rarely enjoyable , But almost always profitable 🐺
INDEX:BTCUSDLong
by Kiu_Coin
Bitcoin at a Crossroads: How to prepare for the Next Big Move👀 👉 Bitcoin (BTC) has been consolidating within a defined range over the past few days, exhibiting sideways price action. The key question now is: where does it go from here? In this video, I delve into critical elements of technical analysis, including market structure and price action, to outline potential scenarios. I’ll map out a strategic approach for both a breakout above the range high and a breakdown below the range low. Please note, this is not financial advice.
by fxtraderanthony