Bitcoin and altcoin overview (February 18-19)Yesterday, Bitcoin tested the key buyer zone at $94,000–$93,000 (volume anomalies) and has already shown an initial reaction.
At the moment, buyers appear stronger. When testing $95,000 from the other side, the buyer absorbed a strong selling bar. If the price consolidates above $96,000, it will confirm their intentions.
On a global scale, a full reversal setup has not yet formed. For a more conservative approach, it’s better to wait for clearer buyer aggression and join longs on a retest.
Sell Zone:
$107,000–$109,000 (volume anomalies).
Buy Zones:
Around $95,000 (absorption of selling pressure).
$89,000–$86,300 (accumulated volumes).
Interesting Altcoins:
For SUSDT , we expect a continuation of the long setup. Looking to go long upon testing the $0.60–$0.58 and $0.555–$0.54 zones, provided there is a strong reaction from buyers.
BTCUSDT
BTC - It fell to 93.2k!To mention!! I was bearish and i am bearish till 91.2k but since stances change overtime so my analysis.
As said earlier, it fell to 93.3K and the next plan is something to understand is here,
Now coming to the point of explanation! Understand, There was a reason behind me saying it would come to 93.2k and the thing left is now 91.1k and journey to 100.1k. How? Look at the orange line, Its a 200SMA hench line and it surely will defend it and vPoC will attract that
TL:DR - From this point, market is going to range a bit to fall first to 94,456 (which shall be done first to trap buyers to go up). 96,746 shall be the first target for you to acheive.
BTC Massive SetupConsolidation for months between 91k and 106k
- Classic Wyckoff setup as an accumulation/distribution
- Price targets of: 121.878 (122k is the popular target) to the upside with 75,827 on the down
- Saylor today put out news to be raising another $2 billion to buy BTC. Either he is going to be able to hold the floor or get washed out
- Trade can be taken with confirmation of breakout on either side pretty easily as momentum will be so strong that being on the wrong side will most likely be an immediate stop out
Bitcoin Accurate AnalysisSome traders buy Bitcoin and burn down their fortune, while others use Bitcoin as a cash machine to easily achieve stable profits. Why is the gap so big? Why is the gap so big? Which type do you belong to? Currently, Bitcoin is at $95,000 and the pressure line is at $97,000. Through data analysis and basic factor analysis, David recommends that you adopt short selling
sell: 95000
SL: 96000
TP: 94000
BITSTAMP:BTCUSD COINBASE:BTCUSD
Bitcoin's Inverse Cup and Handle – Bearish Breakdown Ahead?As I expected in the previous post , Bitcoin ( BINANCE:BTCUSDT ) at least dropped to the Support zone($96,150-$94,700) .
If we look at the Bitcoin chart in the 15-minute time frame , we will see that Bitcoin is completing the Inverse Cup and Handle Pattern ( Handle of this pattern is being completed).
As I said in the previous post, $96,700 is important for Bitcoin. Bitcoin is currently moving below this level , which could mean that the Inverse Cup and Handle Pattern can work for Bitcoin.
Educational tip : The Inverse Cup and Handle Pattern is a bearish reversal pattern that forms after a downtrend. It resembles a cup shape followed by a small consolidation (handle) before a breakdown. A breakdown below the handle confirms the pattern, signaling a potential downward move.
The price increase in the last two or three candlesticks (in a 1-hour time frame ) was NOT accompanied by a large volume , and this can strengthen the theory of completing the handle of the Inverse Cup and Handle Pattern .
I expect Bitcoin to attack the Support lines and Heavy Support zone($93,300-$90,500) AFTER breaking the Neckline of the Inverse Cup and Handle Pattern .
Note: If Bitcoin succeeds in breaking the Resistance line and stabilizes above $96,700, we can hope to break the Descending Channel, And the CME Gap($97,845-$97,110) will also be filled.
Do you think the Inverse Cup and Handle Pattern will work?
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour 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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BTC/USDT 1D Chart Reviev/Are we approaching a new upward moveme?Hello everyone, let's look at the 1D BTC to USDT chart, in this situation we can see how the price is locally below the downtrend line and currently following the downtrend we are approaching the main uptrend line which is a strong support for the price.
Let's start by defining the targets for the near future that the price has to face:
T1 = 98948USD
T2 = 101357USD
Т3 = 103727USD
Т4 = 107100USD
Now let's move on to the stop-loss in case the market continues to fall:
Currently we can see how the price is holding in a strong support zone from the level of $94450 to the level of $92683, however if we exit this zone below it it is worth considering a stoploss at these levels.
SL1 = 89791USD
SL2 = 85213USD
It is worth paying attention to the RSI indicator where we can see a break of the support line, which gives a strong reaction, and we can see how we are approaching the lower limit of the range, and what is more, we can see that currently we are lower on the indicator, but the price remains at a similar level or even slightly higher, which can positively affect the potential price rebound, giving a greater increase.
Bitcoin's Current PlaybookBollinger Bands Squeeze:
- Price is compressing near the basis ($97,100) with narrowing bands (volatility = 809 ATR).
- A breakout above $98,331 or breakdown below $95,869 could trigger a strong directional move.
Momentum Indicators:
- RSI (48.66): Neutral, but RSI-based MA (53.57) hints at slight bullish divergence forming.
- MACD: Bearish crossover (MACD < Signal line), but histogram (-18) shows weakening downward momentum.
Volume & Trend Strength:
- Low ADX (14.52) confirms weak trend – consolidation phase.
- Volume is muted (391), typical before a volatility spike.
Scenarios to Watch:
🔵 Bull Case:
- A 4H close above $98,331 (Upper BB) targets $100,000+, especially with rising volume.
- MACD reversal + RSI breaking above 55 would confirm bullish momentum.
🔴 Bear Case:
- Breakdown below $95,869 (Lower BB) opens path to $94,500 (Zoomed-in chart support) and possibly $92,100.
- Watch for MACD histogram deepening into negative territory.
Strategic Takeaway:
- Aggressive Traders: Scalp the range between $95,869 – $98,331.
- Conservative Traders: Wait for a confirmed breakout with volume surge.
- Risk Note: Always pair entries with stops (e.g., 1.5x ATR = ~1,200 points).
DOGE at Make-or-Break LevelsTechnical Analysis & Patterns
1. Descending Channel:
- DOGE is trapped in a downtrend with lower highs and lows. A break above $0.30 could reverse this pattern.
2. Death Cross Risk:
- The 50-day EMA is nearing a bearish crossover with the 200-day EMA, signaling potential prolonged weakness.
3. Oversold Indicators:
- RSI (28.57) and Stochastic (%K = 6.48) suggest DOGE is oversold, raising hopes for a bounce.
4. Fibonacci Targets:
- Long-term bullish scenarios project $4.10, $10.04, and even $36.32 if DOGE breaks its decade-long ascending channel.
Whale Activity & Market Sentiment
- 560M DOGE Accumulated: Whales are buying aggressively despite recent sell-offs, signaling confidence in a rebound.
- MVRV Ratio (-15.5%): DOGE is in the "opportunity zone," historically a reversal point.
- Fear & Greed Index: Neutral (51), reflecting cautious optimism.
Bullish vs. Bearish Situations
✅ Bullish Factors:
- Whale accumulation and exchange outflows ( GETTEX:13M ) hint at reduced selling pressure.
- Oversold RSI/Stochastic readings suggest a technical bounce.
- Elon Musk’s influence (e.g., integration into projects) remains a wildcard.
❌ Bearish Risks:
- Death Cross formation could trigger panic selling.
- Failure to hold $0.144 support may lead to a drop toward $0.12.
- High volatility (16.12% monthly) amplifies downside risks.
Community & Meme Appeal
Dogecoin’s loyal community and meme-driven narrative continue to fuel its relevance. Analysts highlight its potential to rally during bull markets, similar to 2021’s 15,000% surge. However, skeptics argue its lack of utility and unlimited supply cap long-term gains.
Key Takeaways
1. Make-or-Break Zone: DOGE’s price hinges on $0.144–$0.16 support. A bounce here could ignite a 25–50% rally.
2. Whale Watch: Large holders’ actions will dictate short-term momentum.
3. Elon Factor: Any endorsement or integration news could trigger volatility.
4. Technical Caution: Death Cross or breakdown below $0.12 would invalidate bullish setups.
There are unexpected profits after BTCUSD dropped sharply.Many people work hard to save money and manage their finances, but their assets continue to shrink. In fact, you have not mastered the correct asset allocation method. For example, the current price of Bitcoin is 94738, so should you short or go long now? How do you make a decision?
David believes that the current support point of Bitcoin is 94100. Combining technical indicators and basic factors, David believes that Bitcoin will bottom out and rebound.
BUY:94738
TP:9600
TP:9700
SL:94100
COINBASE:BTCUSD BITSTAMP:BTCUSD BITSTAMP:BTCUSD
BITCOIN analysis in 2H TFGiven the bearish structure, lower highs (H) and lower lows (L), and the formation of a resistance line, we can expect the price to move downward toward the demand zone.
The price may react to the demand zone.
A 4-hour candle closing above the invalidation level will invalidate this analysis.
invalidation level: 100284$
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
Bitcoin Priced in Gold Macro Resistance Rejection CorrectionBTCGOLD monthly line chart, which uses monthly close data.
Obvious long term resistance line and clear major topping pattern on the most recent maximum showing connection with the last market cycle top (both of them.)
What does it mean? It means there's useful information in the BTCGOLD chart that isn't priced in. It also means the most recent correction is a rejection at major resistance, which could indicate further downside risk.
5 Key Coins: Is There Life After Bitcoin’s Correction?On the image, we can see that from December 2024 to the current moment (February 2025), the price of BYBIT:BTCUSDT.P has decreased from about 107,673 to 96,150 dollars. In other words, roughly speaking, this is about a 10–11% correction. For Bitcoin, given its historical volatility, this is a fairly acceptable movement.
🔥 What’s important to consider with such a price change:
If we look at the chart from October 2024 (or even earlier), we can understand whether there was a prolonged rise before this (which could have required a correction), or if we are seeing a deeper downward movement.
🔥 Support and Resistance Levels
On the provided screenshot, it is noticeable that the current price is slightly below the key volume level (POC). If the price settles below it, this can become an additional signal for a continued decline.
However, if BYBIT:BTCUSDT.P returns to the POC level and breaks it from below, it is often considered a sign of a possible reversal or at least a short-term bullish rebound.
🔥 Volume Profile Indicators
POC (Point of Control) around 100,000–101,000 dollars indicates that the largest trading volumes for the entire visible period are concentrated there.
This is a level around which the price may “hover,” since historically there is a large number of trades, meaning strong interests from both buyers and sellers.
🎯 Key idea: For most of the altcoins presented in the review, the further movement depends on whether BYBIT:BTCUSDT.P holds above the nearest support and whether it can overcome the nearest resistance (the POC zone on the chart).
Below is a structured analysis of five selected coins ( BYBIT:ADAUSDT.P , BYBIT:SOLUSDT.P , BYBIT:XRPUSDT.P , BYBIT:BNBUSDT.P , BYBIT:ETHUSDT.P ) taking into account the current behavior of #Bitcoin, since it often sets the tone for the entire market.
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📉 Cardano BYBIT:ADAUSDT.P
➡️ POC on the chart: 0.9684 USD (above the current price).
➡️ Chart structure: BYBIT:ADAUSDT.P recently tested the support level around 0.80–0.88 USD.
Scenarios:
🚀 Bullish (if BYBIT:BTCUSDT.P recovers): a possible rise to the 0.95–1.00 USD zone.
If this zone is broken and the price consolidates above 1.00 USD, further growth up to 1.10–1.20 USD can be expected.
🚀 Bearish (if BYBIT:BTCUSDT.P continues to fall): a retest of 0.80–0.85 USD and, if broken, a deeper correction down to 0.70–0.75 USD.
⚡ Trading idea:
For those considering purchases, it makes sense to wait either for confirmation of a reversal in BYBIT:BTCUSDT.P or for a breakout/consolidation above 0.95–1.00 USD.
Alternatively , place limit orders around 0.80–0.85 USD, provided that BYBIT:BTCUSDT.P does not go into an even deeper correction.
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📉 Solana BYBIT:SOLUSDT.P
POC on the chart: 190.53 USD (approximately coincides with the current level).
Chart structure: After falling from 280 USD, BYBIT:SOLUSDT.P dropped to the key 18–19 USD zone. Here lies the volume level (POC), which can act as a “magnet”—the price often “moves” around the POC, and if it falls below it, the POC becomes strong resistance.
Scenarios:
🚀 Bullish: with BYBIT:BTCUSDT.P rising and BYBIT:SOLUSDT.P confidently holding above 19–20 USD, a return to 22–23 USD is possible. A breakout above 23–25 USD would be a signal for further recovery (26–28 USD and beyond).
🚀 Bearish: if BYBIT:BTCUSDT.P continues to fall, BYBIT:SOLUSDT.P could drop below 18 USD and test the 15–16 USD zone, where buyers previously showed interest.
⚡ Trading idea:
Watch the behavior in the 18–20 USD zone. A breakout upward and consolidation amid a rising BYBIT:BTCUSDT.P may provide a quick target of 22–23 USD.
In a bearish scenario, it makes sense to see how the price reacts at 15–16 USD—a possible buyback zone for medium-term positions.
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📉 XRP BYBIT:XRPUSDT.P
POC: ~0.54–0.55 USD (above the current price).
Chart structure: BYBIT:XRPUSDT.P is in a fairly wide range: resistance at 0.45–0.50 USD and support around 0.35 USD. The volumes, judging by the profile, are concentrated above current quotes, which may indicate the need for an additional impulse for growth.
Scenarios:
🚀 Bullish: with positive market movement and BYBIT:BTCUSDT.P , BYBIT:XRPUSDT.P may test 0.45–0.50 USD. If it manages to consolidate above 0.50 USD, the path to 0.55–0.60 USD opens up.
🚀 Bearish: if the correction of BYBIT:BTCUSDT.P continues, BYBIT:XRPUSDT.P may drop back to 0.35 USD, and in case of a strong market sell-off—even to around 0.30 USD.
⚡ Trading idea:
For long-term positions, many focus on the resolution of legal issues (SEC vs Ripple), so the fundamental background plays a role.
Technically, the 0.35 USD zone is of interest for purchases, as well as a breakout of 0.45–0.50 USD for aggressive trading in anticipation of a faster rise.
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📉 Binance Coin BYBIT:BNBUSDT.P
POC: ~710 USD (noticeably above the current price).
Chart structure: BYBIT:BNBUSDT.P is generally supported by the Binance ecosystem, but it also declines with the global market downturn. The chart shows several horizontal levels in the 600–650 USD range that can act as trading zones.
Scenarios:
🚀 Bullish: if the market recovers, BNB can quickly return to 650–670 USD. A breakout and consolidation above 700 USD opens the way to 730 USD and beyond.
🚀 Bearish: if BYBIT:BTCUSDT.P falls, a pullback to around 580–600 USD is possible. In the case of a strong sell-off—an even deeper move toward 550 USD.
⚡ Trading idea:
BYBIT:BNBUSDT.P often shows relative “resilience” due to its high demand on the Binance exchange (trading pairs, staking, Launchpad, etc.).
Technically, 600 USD is an interesting key support level. For a short-term long, a breakout and consolidation above 650–670 USD is needed.
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📉 Ethereum BYBIT:ETHUSDT.P
POC: around 3,100 USD (above current levels).
Chart structure: BYBIT:ETHUSDT.P is in the 2,400–2,700 USD range. For a bullish scenario, it is important to get back above 2,800 USD, which would open the potential to 3,000–3,100 USD.
Scenarios:
🚀 Bullish: if BYBIT:BTCUSDT.P grows and the news background is positive (network development, DeFi, Layer2), BYBIT:ETHUSDT.P can quickly recover to 2,800–3,000 USD.
🚀 Bearish: if BYBIT:BTCUSDT.P moves negatively—correction to 2,400 USD, and in the case of a strong sell-off—a test of 2,200 USD.
⚡ Trading idea:
BYBIT:ETHUSDT.P is closely tied to the fundamentals of the DeFi and Layer2 ecosystem, so in addition to BYBIT:BTCUSDT.P dynamics, it is important to monitor network updates and overall market sentiment.
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📢 Correlation with BYBIT:BTCUSDT.P : All of the mentioned altcoins ( BYBIT:ADAUSDT.P , BYBIT:SOLUSDT.P , BYBIT:XRPUSDT.P , BYBIT:BNBUSDT.P , BYBIT:ETHUSDT.P ) continue to closely correlate with Bitcoin’s movement. If BYBIT:BTCUSDT.P manages to hold current support and break above the nearest resistance, there is a high likelihood that the alts will bounce in unison.
📢 Volume levels: All the coins have their POC above current prices, which often means that for a confident rise, the price needs to move back above the “point of control” in the volume profile. While the price remains below the POC, there is a risk of further stagnation or decline.
📢 Support zones:
📉 BYBIT:ADAUSDT.P 0.80–0.85 USD
📉 BYBIT:SOLUSDT.P 15–16 USD
📉 BYBIT:XRPUSDT.P 0.35 USD
📉 BYBIT:BNBUSDT.P 600 USD (then 580–550 USD)
📉 BYBIT:ETHUSDT.P 2,400 USD (then 2,200 USD)
📢 Points of interest for long positions:
Breakout and consolidation above the POC or key horizontal resistances.
Testing support zones (if there are reversal signals).
📢 Risk management:
Due to high volatility, it is important to set stop-losses and consider the possibility of false breakouts. If BYBIT:BTCUSDT.P experiences a stronger decline, it is not advisable to try to “ride out” a strong downtrend in altcoins without a clear plan.
📢 In the short term, the market is in a waiting mode—monitoring whether BYBIT:BTCUSDT.P can recover and hold above the nearest resistances.
In the medium term, fundamentals (project development, legal news for BYBIT:XRPUSDT.P , updates for BYBIT:ETHUSDT.P , etc.) will play a decisive role, but without positive movement from BYBIT:BTCUSDT.P , strong growth in alts usually does not occur.
Use these levels and scenarios as guidelines for your own strategy, complementing them with fundamental analysis and news.
Good luck, friends. Follow our forecasts, leave comments, let’s stay in touch!
BTCUSDT CHART UPDATE !!The BTC/USDT chart on the 4H timeframe shows a symmetrical triangle pattern, with price action near the top. Bitcoin is currently testing the lower trendline, a key support level. A breakdown below this level could lead to a decline towards the green demand zone of around $92,000. On the other hand, if BTC manages to hold the support and bounce back, it could attempt another test of the upper resistance trendline.
A decisive breakout in either direction will confirm the next trend. Keep an eye on increased volume to validate any breakout moves.
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
Comprehensive analysis of BitcoinAt present, the 50-day and 200-day moving averages of Bitcoin form a "golden cross", which usually indicates a medium- to long-term bullish trend.
David's suggestion to buy long is reasonable. If you like the following profits, you can buy
Buy: 95600
TP: 95700
TP: 95800
SL: 95555
If you agree with my analysis, please continue to pay attention. I will share my views for free later - (David)
If you don't know which time to trade and want to avoid risks, you can continue to pay attention BITSTAMP:BTCUSD COINBASE:BTCUSD
THEUSDT 100%-130% Gains Potential Ahead!THEUSDT is currently experiencing a strong bounce from a key support level, signaling a potential bullish reversal. This support level has acted as a significant floor for the price, and the bounce suggests that buying pressure is starting to build. The price action indicates that investors are increasingly confident in this level holding, and with good volume behind the move, the chances of the price continuing to rise are high. Traders are targeting gains in the range of 100% to 130%+, as the price moves toward the next resistance levels. This bounce from support has captured the attention of both retail and institutional investors alike, contributing to a surge in interest around this crypto pair.
The good volume accompanying this bounce is a crucial indicator of the move’s strength. In technical analysis, volume plays a key role in confirming price moves, and with the increased trading activity, it’s clear that the market is reacting positively to the support level holding. If the price continues to hold above this support zone, it sets the stage for a potential rally, as the market shifts from a period of consolidation to a more bullish trend. The projected 100% to 130%+ gain is highly achievable if this momentum continues and resistance levels are successfully breached.
Investor interest in THEUSDT is growing, with many seeing the bounce from support as an indication of the start of a new upward trend. As the price breaks through resistance levels, it could trigger further buying activity, pushing the price higher. The solid technical setup, combined with increasing volume and a positive market sentiment, creates an attractive opportunity for traders looking for high-reward setups. The growing interest in this project adds fuel to the fire, increasing the likelihood that THEUSDT will continue to gain in value.
Traders should stay vigilant and monitor the price action closely, paying attention to key levels of support and resistance. If THEUSDT can maintain its position above the support level and push through resistance, it could lead to a substantial price increase, delivering the expected gains. With the current technical indicators and strong market interest, THEUSDT is shaping up to be one of the more promising crypto pairs to watch for significant returns.
NZDJPY Bearish Flag: Retest Complete, Targeting 82.60NZDJPY is currently trading at 86.60, with a target price of 82.60, indicating a potential downward movement of 300+ pips. The pair is forming a bearish flag pattern, which typically follows a strong downtrend and is followed by a period of consolidation. This pattern suggests that after the breakout and a successful retest of the lower trendline, the price could continue its decline toward the 82.60 target.
Technically, a bearish flag is often seen as a continuation pattern, signaling that the downtrend is likely to resume after the consolidation phase. The successful retest of the breakout point confirms the market’s readiness to move lower. In this case, if NZDJPY breaks below the support level, it could accelerate the move toward the 82.60 target.
Fundamentally, the New Zealand dollar has been under pressure due to a weaker global risk appetite and softer economic data. In contrast, the Japanese yen benefits from its status as a safe-haven currency, particularly during times of market uncertainty. These fundamental factors may continue to support a bearish move for NZDJPY, especially if global market sentiment remains cautious.
In summary, the bearish flag pattern on NZDJPY suggests further downside potential, with a target of 82.60. Traders should watch for confirmation of the bearish continuation after the retest of the breakout level, as well as monitor global risk sentiment and economic data from both New Zealand and Japan.
Bitcoin can exit from triangle and then rise to 101K pointsHello traders, I want share with you my opinion about Bitcoin. Not long ago, the price reached a support level aligned with the buyer zone. It consolidated there for a while before climbing into a pennant formation. Inside the pennant, the price broke through the 95200 level and continued its rise toward the resistance level, which overlapped with the seller zone, eventually breaking through this area as well. Following that, the price advanced to the resistance line of the pennant but soon reversed direction, sharply dropping to the support line. It broke through this support, signaling an exit from the pennant pattern and surpassing the 104700 resistance level. After a minor decline, the price rebounded quickly, reaching the seller zone once more, before turning lower and forming a triangle pattern. Bitcoin slid down to the triangle's support line, then reversed and bounced upward, breaking the support level again in the process. This led to further declines, with the price eventually hitting the buyer zone. From there, it rebounded back toward the triangle’s resistance line. Currently, the price is trading close to this resistance line. In my view, Bitcoin can drop back to the support line before rebounding higher, potentially climbing to 101K points and breaking out of the triangle formation. Please share this idea with your friends and click Boost 🚀
HelenP. I Bitcoin can grow to trend line, exiting from rangeHi folks today I'm prepared for you Bitcoin analytics. Recently, the price reached a support level that coincided with the support zone, followed by a correction. After this, BTC made a strong upward move to the resistance level, which also aligned with the resistance zone, breaking the support level and eventually surpassing the 102000 mark. The price then corrected back to this level, before rising to the trend line and hitting a new all-time high of 109300 points, after which it began to decline. For a while, the price traded near the 102000 level and even broke it briefly, falling below, but soon reversed and rose back to the trend line. Afterward, the price dropped to the support zone, breaking through the resistance level, and then quickly rebounded, triggering a false breakout of the 95300 level. Since then, the price has been trading within a consolidation range, and it continues to do so up to this day. I expect that BTCUSDT will decline to the support level before starting to rise again toward the trend line, slightly breaking out of the range. Therefore, my goal is set at 100800 points, which aligns with this trend line. If you like my analytics you may support me with your like/comment ❤️
Comprehensive analysis of Bitcoin (exclusive)Bitcoin is currently in a critical consolidation period. Both technical and fundamental factors point to the approaching change. The short-term trend needs to focus on the choice after the volatility rebounds. If it breaks through $109,000, it will accelerate the rise. If it falls below $91,000, it will cause a correction. However, David believes that the 50-day and 200-day moving averages form a "golden cross", which usually indicates a medium- to long-term bullish trend. In the long run, the price of Bitcoin may continue to rise.
If you agree with my analysis, please keep paying attention. I will share my views for free later-(David). BITSTAMP:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD
Bitcoin and altcoin overview (February 18-19)The Bitcoin scenario hasn't changed since yesterday—we are still expecting a test of key support zones, from which a full-fledged upward movement is likely to develop.
Primary target for growth: $102,000.
Sell zone:
$107,000–$109,000 (volume anomalies).
Buy zones:
Around $95,000 (strong buyer reaction, volume anomalies).
$94,000–$93,000 (volume anomalies).
$89,000–$86,300 (accumulated volumes).
Interesting Altcoins
For WIF , the trend has shifted to long on the 4H timeframe. We are waiting for a test of the $0.57 and $0.55 levels, and if there is a false breakout with a strong buyer reaction, we expect an upward movement.
Bitcoin Price Prediction: Will BTC Drop to 93K Before Moving HigBitcoin is currently trading around $95,304, showing signs of consolidation after its recent bullish momentum. Based on the current market structure, there is a possibility that BTC may drop to $93,000 before making a move towards the highlighted supply zone.
📉 Potential Move to $93,000?
Looking at the price action, Bitcoin appears to be forming a retracement pattern. If the bearish pressure continues, we could see BTC testing the $93K support level, which may act as a liquidity grab before a reversal.
📌 Key Supply Zone to Watch
The highlighted zone between $105,624 - $111,075 is a crucial resistance area. If Bitcoin reaches this level, it could face strong selling pressure, making it an ideal area for short opportunities.
💡 Trading Plan:
If BTC drops to $93K, it could be a liquidity grab before a move higher.
Watch the $105K - $111K area for potential sell setups.
A rejection from this zone could lead to a new bearish wave.
🚀 What do you think? Will BTC hit $93K before heading toward this supply zone? Let me know your thoughts in the comments! 🔥