Bitcoin Faces Resistance for the 7th Time—Breakout or Rejection?Bitcoin ( BINANCE:BTCUSDT ) is attacking the Resistance zone($107,300-$105,400) for the seventh time ; even in one of these attacks , it created a Bull Trap .
During the last two to three days , Bitcoin has formed an Ascending Channel(Black) and another Ascending Channel(Purple) in the 15-minute time frame .
According to the theory of Elliott waves , Bitcoin seems to be completing microwave 5 of the main wave 5 , and we can expect corrective waves at least up to the upper line of the descending channel(broken) .
I don't expect Bitcoin to succeed in breaking the Resistance zone($107,300-$105,400) in the seventh attack , although there is positive news around the crypto market , but I think we need a stronger stimulus to break this resistance zone (real news) .
Cumulative Short Liquidation Leverage: $108,218-$106,476
Cumulative Long Liquidation Leverage: $104,460-$103,911
Note: The negative point is that the upper line of the descending channel was not broken with a large volume, so we hope for the break of the Resistance zone($107,300-$105,400).
Note: If the lower line of the ascending channel(Black) is broken, we can expect further decline and filling of the CME Gap($101,525-$100,375).
Note: If Bitcoin goes over $108223, we can expect more pumps and maybe a new ATH.
Can Bitcoin break the Resistance zone($107,300-$105,400) and create a new All-Time High(ATH)!? Please share your ideas in the comments.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 15-minute time frame.
Be sure to follow the updated ideas.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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BTCUSDT
SHIBA update#SHIBA can make another down wave because it made a triangle with 5 waves
there is a down wave before the triangle which is wave A
the whole triangle is wave B
now we are waiting for wave C
its the last correction before making new highs
check out our last analysis on shiba in higher time frames
TradeCityPro | Bitcoin: Dominating Crypto's Throne👋 Welcome to TradeCityPro!
Today's analysis is on Bitcoin, the undisputed king of cryptocurrency, leading with the highest market cap and dominance.
📅 Weekly Timeframe
We're witnessing a robust upward trend that began from a low of $15,922. After breaking through the consolidation range between $25,000 and $30,600, Bitcoin embarked on an impressive rally up to $70,831, setting a new all-time high (ATH) beyond the previous peak at $69,000.
🔍 Following the peak at $70,831, Bitcoin entered a roughly 250-day reaccumulation box ranging between $54,972 and $70,831. The $54,972 area was critical as it also aligned with the 0.236 Fibonacci level.
🧩 After 250 days, Bitcoin finally secured a position above $70,831, initiating the third leg of its ascent, reaching up to the 0.618 Fibonacci extension level around $106,000. Currently, the price has been ranging for several weeks, establishing a reliable base around $92,000, more noticeable in shorter timeframes.
🚀 I believe Bitcoin’s final bullish leg has not yet concluded, and we could soon see a breakout above $106,000, aiming for targets like $126,000 and $158,000, corresponding to the 0.786 and 1.0 Fibonacci extension levels. These targets seem logical for Bitcoin, but there's an even more ambitious dynamic target to consider.
✅ If Bitcoin surpasses these levels without significant resistance from Fibonacci levels, we could derive an upper target from the RSI. The 88.88 resistance in the RSI has historically capped Bitcoin’s peaks twice.
💥 However, RSI alone does not offer a precise price target as it heavily depends on momentum, but it suggests a potentially unreachable goal, which we should consider to keep our bases covered.
📊 Market volume currently favors the bullish trend, diminishing during corrections and rising with the trend, indicating a convergence of volume and direction. However, an increase in sell volume could signal a potential trend reversal, given Bitcoin's substantial rise.
📉 If a downturn initiates, Bitcoin has robust support at $70,000—the previous ATH—and other critical Fibonacci areas like $55,000, $47,000, and $37,000 that could act as barriers against sharp declines. Additional supports at $30,000, $25,000, and $15,900 could prevent deep falls during severe corrections.
✨ A break below 44.14 in the RSI could be critical as it has defined Bitcoin’s lows several times, indicating significant momentum shifts.
📅 Daily Timeframe
In the daily view, Bitcoin's recent trajectory is clearer. Breaking through the resistance at $72,981 with substantial volume, it ascended to $106,436.
🔼 Currently, after reaching this resistance, volume has decreased, and a price box has formed between $92,355 and $106,436. Given the strong upward momentum observed in the weekly timeframe, breaking the $106,436 resistance could propel Bitcoin towards the targets discussed earlier.
⚡️ Noticeable divergence in the RSI, although it doesn't necessarily indicate a weakening trend since there are no signs of divergence in candlestick patterns or volume, suggests a reset in momentum is likely.
💫 A fall below 41.12 in the RSI might trigger a bearish momentum, with $92,355 being a crucial support. If this level breaks, the next supports will be between $84,000 and $89,000, aligning with Fibonacci levels of 0.5 and 0.382. Beyond this, we might see a significant downturn towards $72,981, aligned with the 0.786 Fibonacci level.
⏳ 4-Hour Timeframe
In the 4-hour chart, we find Bitcoin in a smaller range between $101,360 and $106,436, near a strong supply zone.
📈 For long positions, the only current trigger is breaking $106,436. For a safer entry, wait for the upper range to break before entering.
🔽 For shorts, the $101,360 level acts as an appealing trigger, having previously demonstrated significant support. Potential short targets are at $95,239 and $91,757.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Bitcoin can make correction to support line and then rebound upHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some time ago rebounded from the support level, which coincided with the buyer zone and started to grow to the resistance level. When BTC almost reached the 106K level, it turned around and made a small correction, after which it rose to the seller zone in a short time. Then the price dropped to the buyer zone, after which made a strong impulse up to new ATH (109K points) and started to trades inside the triangle. In this pattern, the price at once made a correction movement to support line of the triangle and then repeated impulse up to the seller zone. After this movement, BTC made a correction to the support line of the triangle again and then backed up to the seller zone in a short time and even rose to the resistance line of the triangle pattern. Next, the price started to decline and later fell to the support level, exiting from the triangle pattern and also then broke the 100K level and fell below. But then BTC started to grow near the support line and soon broke the 100K level one more time and continued to move up next. Recently it made correction and then continued to grow, so, in my opinion, Bitcoin can correct to support line again. After this, I expect that the price will continue to move up the resistance level. That's why I set my TP at 105K points. Please share this idea with your friends and click Boost 🚀
BTC will have a Minor Top at 124k. Gameplan!In this follow-up video, I’m reviewing my Bitcoin $124K upside thesis and how price action has been unfolding currently exactly as expected! 🎯
📊 Key Highlights:
✅ BTC is on track toward the $124K target 📈
✅ Price followed the predicted path perfectly
✅ What happens after $124K? Looking for a bearish reversal 🔄
Watch the full breakdown and let me know your thoughts in the comments! 👇
Do you agree with the thesis?
MNT/USDT Trading Plan – February 2025Current Market Overview:
Price: $1.19
Resistance: $1.32
Support: $1.10
Indicators:
RSI: 53.74 (Neutral, with room for upside)
EMA (8): $1.14 (Bullish crossover)
Volume: Increasing, indicating accumulation
Trade Setup:
📈 Entry: $1.20 - $1.25 (Breakout confirmation above key resistance)
📊 Take Profit Targets:
TP1: $2.00 (+65%)
TP2: $3.00 (+150%)
🔻 Stop Loss: $1.08 (Close below support to minimize risk)
Technical Justification:
Bullish Pennant Pattern: Breakout expected if volume increases
Trend Confirmation: Above $1.32 = strong rally potential
Momentum Shift: RSI above 53 suggests growing buying pressure
Recent News & Fundamentals:
Massive Growth: November 2024 rally saw +74% gains in 5 days
Investor Confidence: Active addresses & network growth at 3-month highs
Market Sentiment: Bitcoin's rally fuels altcoin interest
Risk Management:
Position size 1-3% of portfolio
Adjust stop-loss dynamically as price moves toward targets
🚀 Conclusion:
With a breakout above $1.32, MNT has strong potential for a sustained bullish move. Investors should monitor volume and confirm breakout before entering. This setup offers a high-reward opportunity with a favorable risk-to-reward ratio.
📌 Stay updated & adjust accordingly.
TRUMP Long - Did You Give Up Yet? Good!Basically we're in the classic time range where bottom might likely occur since longs experience complete emotional damage. Let some room for your stoploss. We're at the end of the range and have at least a 70% up potential. This is an excellent risk / reward trade idea.
BTCUSDT TRADING POINT UPDATE > READ THE CHAPTIAN Buddy'S dear friend 👋
SMC Trading Signals Update 🗾🗺️ crypto Traders SMC-Trading Point update you on New technical analysis setup for crypto BTC USDT trade BTC USD take breakout of bearish trand channel 💥 🚀 I see it holding up trand bullish trade 109k I'm expecting a successfully breakout one said that entry Short or bull 🐂 trand
Key Resistance level 106602 + 107124 + 109649
Key Support level 103838 - 100231
Mr SMC Trading point
Pales support boost 🚀 analysis follow)
Bitcoin Targeting $110,000: Major Profit Opportunities Await.Hello and greetings to all the crypto enthusiasts, ✌
In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for Bitcoin , 📚🎇
The price is currently moving within a parallel channel, showing stable trends. With market volume increasing and the political changes following Trump’s presidency, we expect a boost in trading activity, which could push prices higher. As the market adapts to these shifts, we predict the price will break out upwards soon, likely generating strong momentum and a minimum 11% gain. The combination of rising volume and political influences points to a positive outlook. Traders should be ready for a potential rally, as these factors are set to drive the price up. We’re optimistic about short-term gains due to these dynamics.
🧨 Our team's main opinion is: 🧨
The price is stabilizing in a channel, but with rising market volume and political shifts from Trump’s election, we expect a breakout and at least 11% gains. Traders should prepare for a potential rally as these factors drive prices up.
Give me some energy !!
✨We invest countless hours researching opportunities and crafting valuable ideas. Your support means the world to us! If you have any questions, feel free to drop them in the comment box.
Cheers, Mad Whale. 🐋
Bitcoin Domination to Last LongerThe price of the main currency's domination charts familiar pattern of sideways consolidation.
The dominance might stay in the range between 55% and 62%.
The blue zigzag illustrates potential scenario of consolidation.
The final drop to retest 55% level could be scaring but this will be just
a final leg down before uptrend resumes to target 65-68%.
BTC/USDT CHART UPDATE !!The chart focuses on the BTC/USDT price action and highlights key technical levels.
The chart shows Bitcoin breaking above the descending trendline, indicating a potential shift in momentum from bearish to bullish.
A successful retest of the trendline could confirm this breakout.
The green area below (around $92,500-$95,000) represents a strong support area where buyers will likely step in.
Immediate resistance is around $107,500-$110,000, which could hinder further upside.
The 21-day MA (black) and 50-day MA (red) are plotted.
Price trading above both moving averages indicates bullish momentum.
The 21-day MA appears to be providing short-term support.
Bitcoin is forming higher highs and higher lows, consistent with an uptrend.
A close above the recent high could signal continued upward momentum.
A breakout above $107,500 could lead to further gains toward the $112,500-$115,000 region.
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
106K Showdown: Can BTC Send?Bull
Breaking levels—momentum needs to keep rolling.
If this is the send, eyes on the usual markers.
106K is still the big bad bulls need to break.
Clear that, and we start looking for idealized moves.
Let’s see if they’ve got the juice.
Here is the ideal path if it can break above.
BTC | EXCITING PATTERN | Bullish Pattern in the DailyBTC has formed an interesting pattern in the daily timeframe.
The W-Bottom pattern is a bullish pattern that shows up on the daily timeframe usually when the price is about to go higher. This can be considered as a bullish pattern or even a fractal, if we look at previous price action with the same pattern.
This is likely the impulse that leads to a new BTC ATH as well as a new ETH and SOL all time high, which we are still waiting for:
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BINANCE:BTCUSDT
Bitcoin Price Analysis: Uptrend Within Ascending Channelhello guys!
Bitcoin is currently trading within an ascending channel, showing strong bullish momentum. Price recently bounced off the midline support and is now heading towards the upper boundary.
The expected scenario is a continuation of this trend, with Bitcoin pushing toward the resistance zone near 106,400. A break above this level could signal further upside movement.
Crystal Clear Path Bitcoinin the end BTC was recognized by some fairly large and trusted institutions (accumulation began) and finally recognized by some countries. BTC limited supply is probably what is still a deep question for me. because time will prove. but the asset that is created as if it is pure and has no owner interest (has disappeared) there is only BTC not other cryptocurrencies. like XRP and others. I can give an example of Brad Garling, the owner of XRP, never buys XRP, instead he often sells his XRP at certain prices. BTC is a very good asset candidate and may be difficult to replace and its value I believe can penetrate 20billion USD and even more depending on the increasingly adaptive financial markets, institutions and individuals. the bad thing is that many are said to be black transactions using BTC, but I think that will disappear in time because the BTC wallet can be tracked who the owner is. this is my initial research that started believing in BTC after 2 months of studying it. and I have also bought 26.64xxxxxxxxxx BTC as my initial investment with an average of 105500USD.
I hope you do your research first before making an investment decision.
I hope many long-term investors will get their rewards in due time someday.
BTC/USD Analysis (4H Chart) BITSTAMP:BTCUSD **BTC/USD Analysis (4H Chart)**
- **Current Price:** ~$105,331
- **Major Resistance Zone:** Around **107,500 - 110,000**
- **Major Support Zone:** Around **97,500 - 98,000**
- **Key Pattern:** A possible **cup & handle formation** is forming, suggesting bullish momentum.
**Bullish Scenario:**
- BTC is approaching a key resistance zone. If price **breaks above 107,500 with strong volume**, it could push toward **112,300**.
- A successful retest of the resistance as support would confirm the breakout.
**Bearish Scenario:**
- If BTC fails to break resistance, it may retrace back to the **ascending trendline (~102,000-103,000)** or even the **major support zone (97,500-98,000)** for a potential bounce.
**Conclusion:**
- BTC is at a **critical breakout zone**.
- **Break & retest above 107,500 → bullish continuation toward 112,300+.**
- **Rejection → Possible pullback to trendline or support zone.**
Bitcoin could rise againBitcoin Price Analysis: Navigating the Market's Fluctuations
As of today, Bitcoin's price has shown a mix of volatility and resilience. Over the past few weeks, it has been trading within a range, testing both support and resistance levels that reflect market sentiment and external factors such as global economic conditions and investor behavior.
At the moment, Bitcoin is hovering around , maintaining its position as the leading cryptocurrency in market capitalization. While the overall trend seems to be consolidating, Bitcoin has displayed remarkable resilience in the face of potential market corrections. The digital asset continues to attract attention, both from institutional investors and retail traders, who see Bitcoin as a hedge against inflation and a store of value in times of economic uncertainty.
Key support levels are being watched closely by traders, with many viewing the $ mark as a crucial point for potential rebound or further declines. Conversely, the next resistance level sits around $ , which could determine if the current consolidation phase is followed by an upward breakout or a shift in market dynamics.
Technically, the Relative Strength Index (RSI) is hovering near neutral territory, indicating a balance between buying and selling pressure. The Moving Averages suggest that Bitcoin is at a critical juncture, with short-term fluctuations creating uncertainty. However, its long-term trajectory remains positive, with fundamental factors like growing adoption and institutional interest continuing to bolster Bitcoin’s value proposition.
While the market is still in a state of flux, Bitcoin has proven time and again its ability to recover from downward movements and rise to new highs. The current price levels offer both opportunities and risks, and for anyone looking to invest, a cautious yet optimistic approach is recommended.
In summary, Bitcoin’s current price presents an interesting crossroads for the market. With bullish long-term prospects and short-term uncertainties, it's a dynamic environment for traders and investors alike.
CRYPTOCAP:BTC BYBIT:BTCUSDT.P BINANCE:BTCUSD
BTCUSD Support Bounce: Targeting 120,000 ResistanceBTCUSD is currently trading at 105,300, with a target price of 120,000. The price is bouncing from a key support level, indicating strong buying interest. Support and resistance levels play a crucial role in technical analysis, helping traders identify potential entry and exit points. A successful bounce from support suggests bullish momentum, increasing the likelihood of an upward move. If the price sustains above this level, buyers may push it toward the resistance at 120,000. A breakout above this resistance could further accelerate the rally. However, if BTC fails to hold the support, a retest or pullback could occur. Risk management is essential, with stop-loss levels placed below support to minimize potential losses. Fundamental factors, such as market sentiment and institutional activity, could influence price movement. Monitoring volume and confirmation signals will help validate the trade setup.
CHFJPY Symmetrical Triangle Pattern AnalysisCHFJPY is currently trading at 170.100, with a target price set at 165.000. The trade setup suggests a potential gain of over 500 pips if the price reaches the target. A symmetrical triangle pattern has been identified on the chart, a common technical pattern indicating consolidation before a breakout. In this case, the breakout has already occurred to the downside, signaling a bearish trend. Traders often expect strong momentum after a confirmed breakout, reinforcing the probability of price decline. The target of 165.000 is likely based on measured move calculations from the triangle pattern. Risk management strategies, such as stop-loss placement, are crucial to mitigate potential reversals. Fundamental factors like central bank policies or economic events could influence the trade’s outcome. If selling pressure continues, the price may reach the target faster than anticipated. Monitoring key support and resistance levels will help assess trade validity.