BTCUSDT.. where is today resistance? holds or not??#BTCUSDT... profit taking is done in yesterday as we can see a straight drop from near top and now question is that it was profit taking or trend reverse?
so we have 98000 as immediate resistance area and one of the most important area for today and for next move.
only buy above that level otherwise at all.
good luck
trade wisely
Btcusdtrade
Bitcoin: The Path to $125K or Beyond?BINANCE:BTCUSDT after yesterday’s flash crash price is currently consolidating around $95,000-$98,000. The market’s bullish sentiment is fueled by factors such as record-low exchange reserves, growing demand from Bitcoin spot ETFs, and increased accumulation by long-term holders. These dynamics have significantly tightened supply, positioning Bitcoin for another potential rally.
Looking ahead, again breaking the $100,000 psychological level could pave the way toward targets of $110,000 and $125,000. Analysts highlight the influence of regulatory developments, particularly in the U.S., and the increasing adoption of Bitcoin by institutions as critical catalysts for its growth. Conversely, a dip below $94,000 could signal a bearish phase with support at $90,000.
The long-term outlook remains optimistic, with experts forecasting Bitcoin’s price to reach between $150,000 and $250,000 within the next year, driven by its finite supply and enhanced institutional backing. As Bitcoin’s trajectory unfolds, monitoring BITSTAMP:BTCUSD ETF inflows and macroeconomic trends will be essential to capitalize on its upward momentum.
As per technical analysis, COINBASE:BTCUSD Bitcoin has formed an ascending support line alongside a higher-high structure. This bullish pattern strongly indicates further upward momentum in the coming weeks.
In our previous Bitcoin analysis, we set a bold target of $100,000 when the price was around $60,000, despite widespread skepticism in the market. True to our prediction, Bitcoin achieved and surpassed this milestone, completing all our projected targets. Stay tuned and follow us for more accurate updates and insights into the cryptocurrency market.
BINANCE:BTCUSDT Currently trading at $97500
Buy level: Above $97,000
Stop loss: Below $90,000
Target : $125,000
Max Leverage 3x
Always keep Stop loss
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Bitcoin is showing weakness in bullish momentumBitcoin is showing weakness in bullish momentum, with a confirmed bearish divergence in the RSI on the Daily, 12H and 8H timeframes. The bulls will need to defend the 98,600 level to maintain bullish momentum. If the bulls are able to defend the 98,600 level, we could see a price movement up to 110,000 to 112,200. In order for this to happen, the RSI will have to hold the 50 level as support and then break the bearish divergence trendline that is currently in play on the 8H TF.
However, if the bulls lose that level, the bears could take over and send the price down to 87,500 level and potentially down to 72,000.
#BTCUSDT: As advised in our last chart, price has hit 80K, 100K?Dear Traders,
As we had explained our previous analysis, that price is likely to reverse from 66k, now since price has crossed 77k region and its on the verge to hit 80k. We can expect a strong price movement now. The momentum has not shifted now after months and months of wait for bitcoin to hit the record high of 100k. Good luck.
#BTCUSDT: On The Way $80,000, Stay Alert! BINANCE:BTCUSDT
Bitcoin in currently accumulating which is a strong sign for traders who is looking for a swing entry on BTC, we expect price to drop and reverse from our buying zone. This idea is in making which means it can take time to develop and so execution of the trade can become difficult. Good luck.
BTC Trade Idea: Reversal Zone Market Context:
Bitcoin is approaching an uncharted territory between 101970 and 110200, where no historical resistance exists due to the all-time high level. This zone is psychologically significant and likely to attract profit-taking from early buyers and aggressive short-sellers, making it a prime area for potential reversals or consolidation.
Trade Setup:
Entry Strategy:
Short Position: Wait for signs of exhaustion, such as:
Large wicks on higher timeframes (e.g., 4H or daily).
Bearish candlestick patterns (e.g., shooting star, bearish engulfing).
Momentum indicators showing bearish divergence (e.g., RSI or MACD).
Enter a short position near the upper bound of 110200, with partial entries near 101970 if signs of weakness appear earlier.
Stop-Loss:
For shorts: Place stop-loss above 111500, beyond potential fake-outs.
For longs (breakout play): Place stop-loss below 109500, assuming the breakout level holds as support.
Adjust position size based on volatility within the zone.
Additional Notes:
Volume Confirmation: Monitor trading volume—high volume near resistance could signal a breakout, while declining volume might confirm a reversal.
Macro Events: Watch for macroeconomic news or crypto-specific developments that could drive speculative momentum in this region.
This setup assumes high volatility and requires active monitoring for precise entries and exits.
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.
#BTCUSDT: Bitcoin to 100k is not far now! Get ready In our previous chart, we identified a potential swing buy planning area at 60k, where we anticipated a price reversal. The price subsequently reversed and is currently at 68k. Examining the price behavior in this pattern, we observe a Wyckoff strategic pattern on the two-day timeframe. The pattern has been completed, and the price is currently in a distribution phase. Potential targets include an all-time high, with 80k as the next target, followed by 90k and a final target of 100k. While this may seem optimistic, we base our actions on observed price behavior, which currently indicates the potential for a significant move. We appreciate your feedback and encourage you to follow for more insights.
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.
BTCUSDT Loong!Bitcoin has been ranging for the past few days, ever since it hit its ALH at 99300. There was a slight pullback and a liquidation point, where the short sellers were lured and got liquidated.
I anticipate that the price is now bullish, after retesting that lower trendline. Entry point at 98000, target at 100800 and SL at 96700
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.
Look on Bitcoin's price position comparing to 2019 and 2020Dear analysts and traders,
sharing for your attention my observations on BINANCE:BTCUSDT current price position through global channel by comparing the price to 2019 and 2020, when the price buyer's activity both stopped in the middle range of the global channel.
#1 is 2019, #2 is 2020.
So, 2024 comparing to one of above possibilities, where are we now, are we at #1 or #2 possibility?
If we are at #1, we shall see about 20-30% price down and further, if #2 then 10-20% price down.
Taking into consideration current: 1) world political situation, and reflecting on 2019 with 2020 situations, in 2024 the world economy is more different from previous years, 2) RSI both on weekly and monthly timeframes, it looks close to 2020 price movement.
And in the end we say, The Almighty God knows best.
#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 $69,000 as key support and possibly the last opportunity to buy BTC and Alcoins.
Let me know what you think in the comment section and please hit that like button.
Thank you.
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$BTCUSDT Bouncing from Demand Zone – Eyes on $75KBINANCE:BTCUSDT Bouncing from Demand Zone – Eyes on $75K with Strong ETF Inflows!!
After a significant uptrend, CRYPTOCAP:BTC experienced a healthy correction, finding support at a key demand zone. The current bounce from this level, marked by a bullish candle, signals a potential shift towards upward momentum. Volume is steadily increasing, which further strengthens the case for a continued move higher.
Additionally, there’s a notable rise in MARKETSCOM:BITCOIN ETF inflows, adding more fuel to the current rally. This confluence of bullish factors sets the stage for BTC to reach new highs, with $75,000 being the next major target on the horizon. Traders should watch for sustained volume and momentum as key indicators of this breakout.
Bitcoin (BTCUSDT) - 4H Timeframe - Massive Target Achieved!The Bitcoin (BTCUSDT) 4-hour chart reveals a successful long trade setup, with all pre-determined targets reached. Here's a breakdown of the key technical elements that guided this trade:
Entry Point: Positioned at $61,732.3, the trade setup aimed to capitalize on a bullish momentum, as indicated by strong support above the Risological dotted trend line.
Stop Loss: Strategically set at $60,316.2 to limit downside exposure while providing room for price fluctuation.
Target Points:
TP1: $63,482.7
TP2: $66,315.0
TP3: $69,147.4
TP4: $70,897.7 (final target successfully hit, confirming strong upward momentum
)
Volume Analysis: The trading volume stands at 56.92K, with an average of 120.91K over the past 30 days, indicating a slightly below-average activity level, yet sufficient to support the trend.
Bitcoin's successful breach through each target highlights robust bullish sentiment. Monitoring future price action will be crucial to gauge the sustainability of this trend, especially considering potential resistance levels post-TP4.