BTCUSD up Bitcoin (BTC) experienced a 7% correction earlier in the week, dropping to $90,791 on Tuesday before recovering to $97,000 by Friday. On-chain data suggests a modest rebound in institutional demand, with holders buying the dip. A recent report indicates BTC remains undervalued, projecting a potential rally toward $146K. Additional optimism stems from Morocco’s legalization of cryptocurrencies and major players like MicroStrategy and Marathon Digital increasing their BTC holdings.Bitcoin failed to reach the $100K milestone last week and started this week with a decline. It experienced a 7% pullback to a low of $90,791 on Tuesday before recovering slightly to close above $95,500 on Wednesday and hovering around $97,000 at the time of writing on Friday.This week, institutional demand offers a clear perspective on Bitcoin’s pullback and recovery. According to Coinglass Bitcoin Spot Exchange Traded Funds (ETF) data, the week started with two consecutive days of outflows, totaling $558.1 million by Tuesday, followed by a modest recovery in demand through Thursday. If this inflow trend continues or accelerates, it could bolster the ongoing Bitcoin price recovery.
Btcusdtanalysis
BTCUSDT / TRADING UNDER SUPPLY ZONE AND ATH / 4H BTCUSDT / 4H TIME FRAME
HELLO TRADERS
Current Trend , Prices are under downward pressure, trading below a defined supply zone (97,923–99,531) , A supply zone indicates a range where selling interest is high, causing resistance to upward price movement.
If prices remain below the supply zone and stabilize , A decline toward a demand zone (92,402–90,794) is expected , A break below the demand zone, confirmed by a 4-hour (4H) candle closing beneath it, suggests further decline toward a lower range price of 88,698.
If the supply zone is breached, particularly with a break above the all-time high (ATH) price of 99,600 , Prices are expected to rise toward a new historical zone between 100,800 and 104,000.
BTCUSD down Bitcoin (BTC) reached a new all-time high of $99,419, just inches away from the $100K milestone and has rallied over 9% so far this week. This bullish momentum was supported by the rising Bitcoin spot Exchange Traded Funds (ETF), which accounted for over $2.8 billion inflow until Thursday. BlackRock and Grayscale’s recent launch of the Bitcoin ETF options also fueled the rally this week. Moreover, the Global Head of Digital Assets Research at Standard Chartered told FXStreet that he expects Bitcoin to reach $125K by the end of this year and $200K by the end of 2025.
BTC Last Dance Before Starting the Correction PhaseBINANCE:BTCUSDT
COINBASE:BTCUSD
BTC can now reach 100K. Because there were many short positions near 100K after BTC reached this level, there is nothing to hold back BTC, so the price trend can stay bullish until it reaches the specified area. After that, there is a possibility of a price correction phase, and after all...
ALT SEASON
Also, don't forget to check out my previous idea on BTC; all targets were achieved.
BTCUSD signalsInterested in weekly BTC/USD forecast? Our experts make weekly updates forecasting the next possible moves of the bitcoin-dollar pair. Here you can find the most recent forecast by our market experts:Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.
When will Bitcoin Reach ATH of Cycle 2025Something to REALLY think about
Where will BTC Turn longterm BEARISH after the 2025 TOP
This chart shows you Long Term resistance lines, lower bold from 2013 and acts as the Border line, the gateway to ATH. Once crossed and Held...Off we go
Upper bold Trendliner in Newer from 2017 ATH and has rejecting PA off ATH everytime since
Once in channel, it is only UP
Local Resistance keeping PA down till at least March and so a Spring ATH is possible but PA is overbought right now and would take longer to cool off....Ranging as we did from March 2024 is a possibility, leading to the late 2025 ATH OR we do Two ATH, as we did in 2021
We also have the Day counts, from PA cycle LOW to HIGH and an average of the past shows us that March time is a possible ATH zone. There is confluence in many charts that also point to this time period. But, again, we have other charts that point towards later in the year for that
There is no way of knowing how this will play out except to understand the "Field" is changing with a much more accepting Crypto world - Anything can happen now.
ENJOY THE RIDE
BITCOIN Coilled Up for the Another ATHBINANCE:BTCUSDT is moving sideways, leading to narrowing down price movement.
The market already broke above the trendline, which is essentially a triangle pattern.
Tomorrow the price may reach the ATH because Bitcoin often tends to form sudden moves on Sundays.
This is what I am using to gauge when the real TOP is inIt is the weirdest thing but one day, there I was, playing with Monthly charts, I noticed a line where JANUARY was and so I drew it
And this is what I Got. Every time PA goes over, we are at the "TOP" - We even remained over that line for a year in 2021 but I do not consider that first ATH the real one. It was caused by more publicity and FOMO than ever before.
Other charts show how that March ATH was earlier than the average of other ATH's. But that is all for another Time....for now, you can see how I have added some days to where PA reemrged from the trend line and went to ATH in November 2021, a more traditional Season for ATH's
THAT day count matches the other day counts much better.
The other thing that backs this up is that, if we kept the original day count, PA is VERY LATE rising up to the trend line to break above.
SO, I am going with a MAY 2025 break out. The Added days lead to this.
And given that, once over, it is only a matter of 2 or 3 months MAX to the ATH. that points towards a late summer ATH
Now, I have charts that suggest SEPTEMBER to DECEMBER 2025 so I am not going to say that these date are EXACT but it does point towards the 2nd half of 2025 for the final ATH
Obviously, this s subject to so much influence and, for me, this time IS a title different but a lot more structured that the rush to aTH in 2021
So, We shall see but stay safe Guys and Gals.....Lets enjoy the ride
#BTC/USD NEXT TARGET $135K but $69k Imminent!When Bitcoin broke below $60,854, everyone started calling for $48,000. At that time, I posted an update titled "Bitcoin is Fine, Don’t Panic!" on October 3rd, explaining that the drop was just filling the Fair Value Gap (FVG) and Bitcoin was heading toward $95,000. You can check the update here:
Again, on November 6th, when Bitcoin was trading at $70,504.60, I predicted a target of $95,000 after the U.S. elections. I even mentioned that the move would be quick, assuming Trump won the election. While I got trolled for this prediction, the update was based on a thorough analysis of market reactions during the last three U.S. elections. You can check that update here:
I honestly don’t understand what’s wrong with some people. The more they troll, the more conviction I gain in my charts. These aren’t random guesses—they are calculated speculations based on charts, events, market psychology, and fractals. Ironically, many of those who mocked me in the comments ended up buying Bitcoin at much higher prices.
This is not how crypto works. You need to keep things simple. That’s the biggest lesson I’ve learned in my 8-year journey in this space.
To keep it simple, Bitcoin’s current setup is not bearish. While some are calling for corrections, the technical indicators suggest otherwise.
1. Stochastic RSI:
The Stochastic RSI, a reliable indicator for timing local tops and bottoms with around 80% accuracy, is currently at 73. Historically, Bitcoin's local tops occur when the Stochastic RSI reaches 87 to 93. This indicates there is still room for upside before the market becomes overbought.
2. 21-Week Moving Average (MA):
Bitcoin is currently trading above the 21-week MA, which has historically acted as strong support in previous bull markets. This further supports the bullish trend.
3. Price Action:
Bitcoin will likely target $100,000 soon, potentially moving slightly higher. After this milestone, it may revisit $69,000, the previous all-time high, as a retest before moving toward $135,000.
Conclusion:
Combining a non-overbought Stochastic RSI and support from the 21-week MA suggests Bitcoin still has significant upside potential. During any pullbacks, keep an eye on $69,000 as key support and possibly the last opportunity to buy BTC and Alcoins.
Let me know what you think in the comment section and please hit that like button.
Thank you.
Here is why we may see 1Million per BTC this time next yearI have been posting about this 2013 to 2017 ATH Fractal for about 2 years now and it is Still following on very Nicely.
PA fell below in 2022 due to the pressure from the {Pressure on Crypto from the USA and the following Collapse of LUNA and then FTX
But PA caught back on in Jan 2023 and we have pretty well been on the fractal since then.
There are a number of other supporting points that back this all up, including the Similar Monthly Candle close colours from previous years
We have only ever seen a RED August followed by a GREEN Sep and October on 3 previous occasions. 2015 & 2016 and then again in 2023 and just now , in 2024 makes the 4th.
To me, this backs up the idea that PA is following the 2013 - 2017 Fractal.
2015 August -30% Sep +18% Oct +41%
2016 August -26% Sep +14% Oct +24%
2023 August -16% Sep +14% Oct +37%
2024 August -23% Sep +30% Oct +30%
It has to be said, this years Growth does outshine the previous years mentioned due to ETF and sustained positivitey.
If we zoom in to see the PA from Nov 2021 to now, we can see in more detail how this has worked out.
AND, if this continues as it has since Nov 2021, we could be seeing a near $1Million BTC by around Nov 2025
Hang on, this could get VERY interesting
Bitcoin Macro Targets - 2025 peak is 110kThis is a look at the bitcoin weekly chart. The macro structure is very clear. We are already close to the top but with the support crypto is getting from government and wall street I think we can expect it to stay up in this area for another wave as shown on the chart. I am hoping for a massive Alt season in the first half of 2025 as BTC moves sideways after hitting 110k.
What do you think is going to happen? Do these targets look reasonable?
The information created is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
BTCUSD: Looking for Shorting OpportunitiesBTCUSD has recently experienced a significant rise. Just like gold, after a large increase, a correction is inevitable. Today, I captured some profits from the pullback. Going forward, during the market fluctuations, pay attention to the previous highs or the resistance zone after breaking the highs. If your account allows, you can consider shorting, but be sure to manage the risk carefully.
BITCOIN📊 #BTCUSDT
⏱ TIME: 1D
📝According to the pinned analysis at the bottom of the page (previous post), Bitcoin is currently completing its fifth wave, with its first expected resistance range around $93,000 to $95,000.
If this range is lost, the next resistance level is between $111,000 and $115,000.
If a divergence appears with the RSI indicator at these resistance levels, it could be a signal to enter a sell position.
If the price gets rejected from the specified levels, I will announce the targets and update the analysis.
If you want me to analyze another currency, comment its name. Thank you❤️
Bitcoin give us new chance to reaccumulateHello my dear friends I'm calling you friends because only real traders market fans would be here in this wonderful platform. Thanks to Tradingview team .
my though was happened in recent mount almost exact the same as I guess but in 70k zone something little bit different happened and that was fast rejection trough only 1H time frame.
I succeed to only sell 10% of my position in 69900 exactly.
now we are looking for buying more bitcoin and adjust the buying average price because we want to be in profit as soon as the price making GREEN candles.
from 57000-51000 this zone might be as same as 20000/26000 zone of the last year.
Bitcoin Bullish Q4 Ahead? Historically, when Bitcoin ends September in the green, Q4 tends to see strong bullish momentum. In years like 2015, 2016, and 2023, Bitcoin posted significant gains in October through December following positive Septembers. This pattern suggests that Bitcoin could be poised for another rally in Q4 2024 if history repeats, making it a favorable time for potential price surges.
Bitcoin Roadmap==>>Correction SignsBitcoin ( BINANCE:BTCUSDT )is moving near the Upper line of the Ascending Channel and Potential Reversal Zone(PRZ) , which acts as a Resistance line .
According to the Elliott wave theory , Bitcoin has completed main wave 5 with the help of Ending Diagonal , and we should wait for Corrective Waves .
Note ( Education ): The Ending Diagonal is the Rising Wedge Pattern in terms of Classic Technical Analysis .
Also, Regular Divergence(RD-) between Consecutive Peaks in MACD and RSI and Volume Indicators .
Note : Since trading volume is usually low on Saturdays and Sundays , we can expect the main corrective movement to happen at the beginning of the next week .
I expect Bitcoin to have a corrective trend in the coming week , considering that there are attractive volumes for liquidating long positions at lower prices , as well as the technical analysis that I talked about above. Of course, from November 13 to November 15, important indexes will be released from the USA(Core CPI m/m, CPI m/m, CPI y/y, Core PPI m/m, PPI m/m, Unemployment Claims, Core Retail Sales m/m, Retail Sales m/m) , which can impact Bitcoin's main trend .
⚠️Note: We can expect more pumps if Bitcoin breaks the Potential Reversal Zone(PRZ) ⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
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Is bitcoin priming for 6 digit prices? This bullrun came out of nowhere and also did not give us the deep correction that we've come to expect from the previous bull/bear cycles. In fact, bitcoin managed to correct and accumulate inside the indicated range for an extended period, which is quite a feat considering the price per unit. This brings me to the conclusion that the correction is possibly over and bitcoin is ready to test ATH again. Also since the previous bear cycle was extended for a longer period (than what we know from history), it doesn't make sense to start another bear cycle right now. This reduces the probability for lower prices. What's even more strange and adds weight to the theory is that, it looks like (based on certain indicators) the next bull run has already begun!!
BUT!!
Bitcoin's strange MO is to always paint a green future ahead, just before dumping real hard. So take this one with a grain of salt.
Confirmation to look for:
The weekend is bullish and closes as indicated on the chart.
Trade will activate on confirmation!
Disclaimer: These are not trading signals. Trade at your own risk!
BTCUSDT Bullish Wedge Pattern!BINANCE:BTCUSDT has formed a falling wedge pattern on the 1-hour chart, with strong support at the bottom of the wedge around $67,000. The price has already broken out of the pattern and is now retesting the wedge resistance. Additionally, BTC has crossed above the 100 EMA on the 1-hour chart, indicating potential bullish momentum. We can expect a strong upward move from the current level.
Regards
hexa
BTCUSD WEEKLY UPDATE hi all
"Last week, BTC/USD failed to break through the resistance level of 71195 and faced rejection. So, this week, I am observing the price action to see if there is still potential for the market to decline."
**My trading strategy is not intended to be a signal. It’s a process of learning about market structure and sharpening my trading skills, as well as for my trade journal.**