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Btcusdanalysis

BTC Daily Bullish Pennant FormationThis is the daily chart for BTC/USD. BTC appears to be trading inside a triangle after a large bullish impulse. Price is currently trying to regain the 50 simple moving average (yellow line). If BTC breaks the 50 day simple moving average, I expect the price to break out of the pennant forming and test higher highs. RSI is nuetral at 52 at time time of publishing. Price action has maintained candle closes on the daily above 92k. Target for the next leg up is the 1.618 extension from the most recent High to swing low. This would put the PA around 120k. NFA, do your own DD. Thanks for viewing the idea.
BITSTAMP:BTCUSDLong
by BallsOfSteel32
BTC | FRACTAL | Fractal that leads to new ETH ATHBitcoin has been trading stable around 95K, a good indication that the bull run still has some more cards to play for altcoins. Ethereum, Doge and SOL for example have not yet made new all time high's, indicating that the bullish cycle is far from over. There's a saying that leads something like "it's not over until someone sings" - well, in this case, the bullish cycle is not over until Ethereum makes a new ATH. ___________________ BINANCE:BTCUSDT
Long
by CryptoCheck-
1
BTC WEEKLY ANALYSISCurrent Price: Bitcoin is trading at $96,358.05, with a recent high of $97,385.27 and low of $89,397.96 for the week. Key Levels: The Key Level is indicated near $100,000, which represents a major resistance area where Bitcoin may struggle to break through. The Stop Loss zone is marked around the $90,000 level, where traders might exit positions if the price falls below this support. Moving Averages: The 50 EMA (Exponential Moving Average) is at $70,822.15, serving as a longer-term support level. The 20 EMA is at $85,075.03, indicating a medium-term support area that has been tested recently. Analysis: The chart suggests that Bitcoin has been consolidating between the $90,000 and $100,000 levels. The current price is above both the 20 EMA and 50 EMA, which is generally a bullish signal. Traders may consider the $100,000 level as a potential target or resistance and $90,000 as a key stop-loss level to manage downside risk. Outlook: The trend is still up, but the price is consolidating, suggesting that traders are waiting for a breakout either above $100,000 or a move below $90,000 before making major decisions.
BINANCE:BTCUSDLong
by rknunda
BITCOIN Uptrend Continuation. 177k Target. Wave analysis.Yesterday BTC completed A-B-C (circled) expanding flat correction pattern. After reaching 89k target a strong buy impulse occurred. I expect BTC to surge to 177-172k (primary) and 130k (conservative) targets this year. Targets are based on fibo extension of previous BTC waves (1st and 3rd) an sub waves of the recent wave (1st and 3rd). Invest with care! BTC is highly speculative asset. In 2018 I predicted BTC crash. After publication its price declined on 73%.
COINBASE:BTCUSDLong
by OleksandrSnitko
1
Bitcoin (BTCUSDT) 2500% Done @ 10X Leverage!Bitcoin MASSIVE LONG Trade Caught! The move from $27,200 to $96,100 represents an approximately 250% gain. At 10x leverage I took, this is a clear 2500% massive gain! This large rally indicates strong bullish momentum caught using the Risological Options Trading Indicator , with consistently higher highs and higher lows on the daily chart. Use caution if momentum slows—prolonged consolidation or reversal signals might appear around such a major milestone. Despite short-term pullbacks, BTC’s overall trend remains firmly bullish on the daily timeframe. The uptrend is supported by strong demand and increasing volume, often associated with sustained rallies.
Long
by ProfitsNinja
Bitcoin Market Update•Bitcoin recently experienced a liquidity grab to the downside, touching a key support level. At this stage, it’s important to wait for confirmation of a bounce through bullish candlestick patterns, RSI divergence, or increased volume. •A break above local resistance or a successful retest of the support level would signal a potential reversal, providing an opportunity to enter the market with appropriate risk management, such as placing a stop-loss below the recent swing low and targeting prior resistance zones or Fibonacci levels.
by Eliebf13
Resistance Broken? BTC Aims for $96K!Falling Trendline Breakout Bitcoin has broken above a descending trendline resistance, indicating a potential shift in momentum from bearish to bullish. Entry Zone The recommended buy zone is $91,500 to $90,500. Price is currently within this range, making it an ideal area for a long entry. Stop Loss A tight stop-loss at $89,500 helps minimize downside risk if the breakout fails. Targets Target 1: $92,000 Target 2: $93,000 Target 3: $94,000 Target 4: $95,000 Target 5: $96,000 Risk Management Stop-loss placement is critical to avoid potential losses, with a strong downside risk below $89,500. Recommendation Watch for a sustained close above the breakout level and monitor volume confirmation for continued upside momentum. This trade aligns well with a bullish reversal structure and offers multiple profit-taking levels.
BINANCE:BTCUSD.PLong
by wolfchemist
1
Strong Dollar Puts Bitcoin at Risk: 5 Things to Watch This Week The cryptocurrency market is bracing for a potentially volatile week as the US dollar reaches its highest point since the 2022 bear market. This surge in the dollar's strength has historically presented challenges for Bitcoin, and traders are closely monitoring several key factors that could influence BTC's price in the coming days. 1. The Dollar's Dominance The US dollar's resurgence is a critical factor for Bitcoin traders to consider. A strong dollar often exerts downward pressure on Bitcoin's price.2 This inverse relationship stems from Bitcoin's pricing in US dollars; when the dollar is strong, it takes fewer dollars to buy the same amount of Bitcoin, thus lowering the price. 2. Bitcoin's Price Risks Bitcoin's price has struggled to break free from the shackles of the bear market, and the strengthening dollar adds another layer of complexity. Traders are wary of potential downside risks, especially if the dollar continues its upward trajectory. The psychological barrier of $100k remains a key level to watch; a break below this could trigger further sell-offs. 3. Correlation with Traditional Markets Bitcoin's correlation with traditional markets, particularly the S&P 500, has been a recurring theme. As the dollar strengthens, it can also impact traditional markets, leading to a risk-off sentiment. This could further weigh on Bitcoin's price, as investors may seek safer assets like cash or bonds. 4. On-Chain Metrics While on-chain metrics provide valuable insights into Bitcoin's network activity, they may not offer immediate relief from the dollar's influence. Metrics such as exchange reserves, miner activity, and long-term holder behavior can indicate underlying strength or weakness in the Bitcoin market.3 However, these factors may take time to play out and may not immediately counteract the effects of a strong dollar. Conclusion The confluence of a strengthening US dollar and Bitcoin's existing price risks creates a challenging environment for traders. While the long-term outlook for Bitcoin remains positive, the short-term picture is clouded by uncertainty. Traders should exercise caution and closely monitor the factors outlined above to navigate the potential volatility in the Bitcoin market this week.
BITSTAMP:BTCUSD
by bryandowningqln
Bitcoin Euphoria: Correction Ahead?BamBooChain 🎋⛓️ Good morning, friends! Let's discuss the current market situation. After reaching a new all-time high of around $108,000, Bitcoin is showing signs of a potential correction. Technically, we're in an interesting situation: the market has reached the extreme euphoria zone I mentioned earlier. RSI and MACD indicators are showing signs of divergence, which often precedes corrective movements. Key points: Trading volumes are decreasing while price is rising, creating potential divergence Funding remains relatively neutral, indicating balanced positions Long-term holders aren't taking significant profits yet Possible scenarios: Consolidation in the $100,000-108,000 range Correction to $88,000-92,000 levels (this would be a healthy 20% correction) Regarding altcoins - they're showing relative weakness, and Bitcoin dominance is increasing. This is a typical pattern before a possible correction. Recommendation: maintain protective stop orders and be prepared for a possible correction. However, the global trend remains bullish, and such a correction could become a good entry point for new positions. Stay tuned for updates! 🎋⛓️
Short
by BamBooChain
1
Bitcoin's Double Bottom Reversal1.Double Bottom Formation Bitcoin has formed a double bottom pattern, signaling a potential bullish reversal. The second bottom was created around $89,200, which acts as a strong support level. 2.Neckline Resistance at $91,200 The neckline of the double bottom pattern is at $91,200. A daily close above $91,200 is crucial to confirm the breakout and initiate an upward move. 3.Bullish Scenario If the price successfully breaks and closes above the neckline, a long position can be considered. The breakout could lead to a potential price target of higher resistance zones, depending on momentum. 4.Risk Management: If the price fails to sustain above $91,200, a retest of lower support ($89,200) could occur. 5. Key Levels to Watch Support: $89,200 Resistance : $91,200 (neckline) Bitcoin is showing signs of a bullish reversal from the double bottom pattern. Keep a close eye on the neckline breakout for confirmation before entering long positions.
BINANCE:BTCUSD.PLong
by wolfchemist
What’s Next for BTC: $99K or $84K?Good Morning, Trading Family! What’s Next for BTC: $99K or $84K? Here’s the game plan: if BTC corrects up to $93K, $94K, or $96K, it could then pull back down to the $84K marker. But if BTC breaks $96K, we could see it climb to $99K. This Sunday, I’m hosting a webinar on how emotions can hurt your trading and how to take control of your mindset for better results. Send me a message or check out my profile for details. If this added value to your trading, like, comment, and share it with someone who needs it. Kris/Mindbloome Exchange Trade What You See
KRAKEN:BTCUSD
by Mindbloome-Trading
Bitcoin CME Futures Analysis: Key Support and Resistance LevelsIn this analysis, I delve into the current price action of Bitcoin CME Futures, highlighting critical resistance and support zones based on the recent market structure. The insights provided aim to assist traders in understanding potential market movements and identifying key areas of interest. Resistance Zone: The chart shows a clear rejection from the highlighted resistance zone (purple box) around the $108,000-$112,000 price level. This zone has proven to be a strong ceiling, where sellers have taken control and pushed the price downward. The rejection confirms that this level is significant and should be monitored closely for future price movements. Support Zone: On the downside, we observe a critical support level around the $80,655-$77,965 range (yellow box). This zone is derived from a confluence of historical price reactions and psychological round numbers. If the price reaches this level, we might see strong buying interest, which could act as a reversal point. Market Structure Currently, the market appears to be in a corrective phase, with lower highs forming after the rejection from the resistance zone. A potential move towards the identified support zone could serve as a critical test for buyers. If the price breaks below this level, it may signal a deeper correction or trend reversal.
CME:BTC1!Short
by Tradeaione