Can Bitcoin reach 100k?Hello, Traders!
Bitcoin price keeps reaching new all-time highs following the recent U.S. election. BTC recently surged past its previous ATH and quickly touched the 80k level. Now, many traders are wondering - how much higher can Bitcoin go before we see a correction?
Based on current trends, Bitcoin can potentially reach the 84k-86k range before taking a breather. However, this will largely depend on external factors, such as Bitcoin-ETF activity, political statements, and overall market sentiment.
At the moment, market sentiment remains extremely bullish, which suggests that Bitcoin upward trend may continue for some time. However, if a correction does happen, the 74k support level will likely play a key role in determining whether the uptrend continues or not.
On the other hand, BTC price might just keep pumping up to 100k before correction happens.
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Cryptocurrency
JASMY (JASMY) "True Path"Since creating my indicator months ago I have never seen any crypto project pass direcrtly through the two dotted blue lines until now with Jasmy today. I referred to the center of the two lines as the black hole of which has too much energy for any crxyptocurrency including Bitcoin and Ethereum to ever cross directly through the center. Quite interesting.
US government scared traders, but investors aren't afraidHello,
The US government moved 10K #bitcoin worth $963 million to Coinbase, which can fuel bearish pressure, but the market seems strong. I copied a relevant tweet into the chart. When Bitcoin inflow to exchanges goes up, the price usually goes down. It happened now. That's why the last five 4-hour candles print a bearish pattern. However, the market, according to the MACD, is still in a bullish trend. According to the Fear and Greed index, investors aren't afraid and most likely will exploit the bearish candle pattern to buy more in the bullish trend as the long position on the chart shows. The government's selling pressure will meet with investors' buying appetite. However, as long as the market remains this greedy, I don't see Bitcoin making new ATH. $99.8k might stay as a local top in the near future. So, in the upcoming week, I expect consolidation to unfold between the two white levels, $94.5k and $98.7k, in a price range marked by the white arrow, enabling large-cap altcoins to outperform Bitcoin according to the Large Caps phase of the Crypto Money Flow Cycle. The session volume profile further contributes to the idea of consolidation because there's much trading going on between the two white levels. The high volume above $94.5k is attractive to both buyers and sellers. That's why I believe the consolidation will unfold in this price zone.
Regards,
Ely
127K is the next oneMorning folks,
So, today is not too many things to comment - our 102K target is done perfectly, as well as entry process setup.
Now we need to give some time to the market and see what the reaction will follow on this level. Reasons for reaction exist - monthly and weekly Overbought, strong and important 100K target. So at this point I wouldn't hurry up with the new long position.
Based on monthly chart next all time target is 127K. It doesn't mean that BTC will go to it immediately, but this is just the next one to consider, when you plan to invest or buy BTC for long-term some day later:
BITCOIN Where were you when it broke $100000 ??It is officially history! Bitcoin (BTCUSD) finally broke the ultimate (until the next one!) psychological level of $100000. A price tag that was discussed as myth/ desire/ utopia not so many years ago. Perhaps the level that will go down in history as the future global currency's transition from its retail to the institutional phase (thanks Blackrock!) and on its way towards an eventual mass adoption (Amazon, X, Netflix and others are you listening?).
Well this post isn't an analysis. It's a festive one, a well deserved round of victory for HODLers who ignored for so many year the pessimists, the negative ones, the "Bitcoin is a scam", "Bitcoin is a fraud", "Bitcoin is going to zero" ones and kept holding. And those who will keep holding until perhaps $1000000? Who knows? Who can now deny it??
Well, lets have it. In the future you are going to hear the following a lot.
"Where were you daddy/ mommy/ grandpa/ grandma, when Bitcoin broke $100000?"
Indeed, and it will be a valid question. This will be bigger than the classics of why didn't you buy Amazon, Google etc in the late 90s/ early 00s. Or Gold in the early 1900s (yes great grandpa, that's for you!).
So let's wrap it up and this is a call for all of you to answer it and make a fun discussion in the comments section below:
" WHAT WERE YOU DOING WHEN BITCOIN BROKE $100k??? "
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Could our next Bitcoin rally take us to $100,000?This is more of an experimental scenario, however there is always a probability this could happen. I just won't be too optimistic at this point since we are bearish at the moment and are still making New structure lows and Lower highs, however if we go to $2,800 and start showing signs of reversal it might be time to buy more for the long-term. This scenario calls for our bottom at $2,870; and our wave 3 top (if extended wave 3) would be $85,254 (4.236%, then a wave 4 should take us to the normal 38.2% at $49,800 followed by a wave 5 to either 1.0% ($72,399), 161.8% ($84,522) or 261.8% ($104,140).
Shaded parts of the emerald are based on Gann fann (Predicted $20,000 top - 45° from start of bull-run)
I will post a non-drawn on chart in the comments for anyone who dislikes the drawing.
Thanks.
Last Chance: $RUNE Poised for Parabolic Move Beyond ATHsThis could be the last chance to enter before CRYPTOCAP:RUNE begins its parabolic move, or at least starts expanding, leaving everyone behind.
The new weekly trend is about to confirm, and it’s at a pivotal area. If it breaks above $7, this will trigger an even bigger upside. I believe CRYPTOCAP:RUNE is on track to break beyond its all-time highs and could potentially reach the second target near $75. It may seem ambitious, but the chart is signaling a strong move ahead. BINANCE:RUNEUSDT
Buying as close as possible to $6.60 for this setup.
Previous entries are posted here
TradeCityPro | FETUSDT Progress Toward a New All-Time High👋 Welcome to the TradeCityPro channel!
Let's analyze one of the top AI-focused crypto projects, Fetch.AI (FET), and identify opportunities for both spot buying and futures trading.
🌍 Market Overview
Before diving into FETUSDT, it’s essential to check Bitcoin’s behavior. Bitcoin continues to range, a trend that might persist for a few more days.
However, with the dominance of altcoins on the rise, attention remains on them. Bitcoin’s eventual breach of $100K could temporarily restore its dominance.
🕒 Weekly Time Frame
FET is one of the most bullish altcoins, having risen without revisiting its 2023 lows, largely due to the AI hype.
After rebounding from the $0.056 support, it surged to $3.104, followed by a significant correction to $0.745. This zone was an ideal Potential Reversal Zone (PRZ) as it aligned with the trendline and Fibonacci levels.
FET has bounced off the 0.382 Fibonacci level, and breaking above $3.104 could lead to targets of $4.868, $7.849, and $13.828 (calculated using Fibonacci extension).
Last week’s candle closed above the $1.613 resistance, signaling bullish momentum. You could consider buying with a stop loss at $1.094. For those holding from lower levels, it might be wise to secure initial capital and some profits.
As long as FET remains above its trendline, the outlook remains bullish.
📊 Daily Time Frame
FET is entering a significant resistance box between $1.99 and $2.54—potentially the final stronghold for sellers.
After breaking this zone, the path becomes clearer for higher targets, but expect temporary resistance or price fluctuations within this range. A breakout above $2.637 could provide another buying opportunity.
🕒 4-Hour Time Frame
FET is currently breaking out of the $1.957 resistance, aiming for the $2.637 target.
📈 Long Position Trigger
place a stop-buy above the current candle and set a secure stop loss around $1.739 to avoid being stopped out during minor pullbacks. This ensures you stay positioned for the longer-term uptrend.
📉 Short Position Trigger
avoid trading against the trend in a bull market. Focus on resting and preparing for the next upward wave.
💡 BTC Pair Insight
Against Bitcoin, FET has also shown strength, avoiding drops below the 0.00001390 support.
After breaking 0.00002574, this pair could witness significant bullish moves, making it a good time to hold onto FET.
🛠️ Summary & Strategy
Spot Buyers: Watch for pullbacks within the resistance box and aim for targets using Fibonacci extensions.
Futures Traders: Prioritize long positions aligned with the bullish trend and avoid counter-trend shorts.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
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! ❤️
AR Long Spot Trade (Resistance Consolidation Opportunity)Market Context:
AR has moved into a critical resistance zone, where price consolidation could occur before the next upward leg. This presents an opportunity to position for potential breakout gains.
Trade Details:
Entry Zone: Ladder between $23.00 and $27.00.
Take Profit Targets:
First target: $40.00 - $45.00
Second target: $70.00 - $80.00
Stop Loss: Set a deeper stop loss just below $20.00.
This trade anticipates consolidation within the resistance area, with a setup aimed at capturing substantial upside momentum.
LINK according to EliotMarket at this moment is showing the perfect story of the Elliot wave wave.. After the outbreak of liquidity on June 13, 2023, the link moved impulsively to its 5 waves.
Now we see that the correction took place at 0.61 Fibonacci, which I see as an ABC correction. The only thing I'd like to see at this point is fill the wick on the daily chart or at least half
Keep in mind that this is a large market cap and it will take time to realize this. The invalidation of this analysis is a return to the $8 range.
Tell me what you think about this analysis and whether you are buying now link?
How Far Can Giants Like BTC Fall?? Possibly to $75K-$65KBefore BITSTAMP:BTCUSD can continue to make more All Time Highs, Structure must be created to sustain Higher Prices by testing Previous Levels!
These levels consist of a Potential 20 - 30% decline or roughly GETTEX:29K - $21K drop in Price, impossible?? Two Reasons why it may not be:
1) South Korea's temporary Declaration of Martial Law seen Bitcoin Price take a 33% drop to FWB:65K before recovering to $95K. At times of tension or uncertainty, Bitcoin can still be affected regardless of how Bullish it may be!
2) After the November 2021 All Time Highs of $69K stood the goal mark for Price to beat, it took a 77% or $53K drop in Price in just a year.
Now seeing as how Bitcoin formed a Bull Flag @ $73,835 after surpassing the November 2021 Highs and then Broke Bullish after the Trump Administration Presidential win, bias on Bitcoin remains overall Bullish and I believe Price just needs to make a slight Retracement to a Previous Level to find more Support, and that Support ultimately will be Businesses, Corporations and Countries Buying BITSTAMP:BTCUSD at Lower Prices!
The RSI Divergence from Price's Highs and the waning of Bullish Volume suggests that Bulls are losing power and supports the idea of a Price Decline.
*Be on the look out for Price to Pullback to Retest the Previous High of $73,835!
*Fibonacci Retracement from Low @ $49,050 to High @ $99,860 lands our Previous Highs and Closes right around very favorable retracement levels as Potential Pullback levels as well!
TradeCityPro | TRX : An Intense and Unexpected Pump👋 Welcome to TradeCity Pro!
In today’s analysis, I’ll review TRX, which recently experienced a sharp and unexpected pump. Many traders in various communities seem to have succumbed to FOMO following yesterday’s surge. This analysis will focus on managing profits and navigating a coin that has already pumped significantly.
📅 Weekly Timeframe: Sharp Rally
In the weekly timeframe, there’s a well-established, long-term trendline that has repeatedly supported the price. I’ve often emphasized that if you’re holding TRX, it’s worth holding as long as the price stays above this trendline.
📊 The trading volume has consistently increased during the price’s rise from $0.0493 to $0.1446. After hitting this resistance, the market consolidated between $0.1084 and $0.1446 for a while.
🚀 Once the critical resistance at $0.1446 was broken, TRX achieved a new all-time high. After surpassing $0.1675, the price saw a massive pump. The RSI climbed past 80.97 and now stands at an extraordinary 91.72, indicating extremely overbought conditions. At such high RSI levels, I typically wait for a correction before making any moves.
✅ Profit-Taking Strategy
For those who have been holding TRX, consider taking some profits now. With the RSI at such elevated levels and the price nearing the 1.272 Fibonacci level, the likelihood of a correction is significant. I personally take profits at this stage and recommend you do the same. However, do not sell all your holdings, as there’s always the potential for further upward movement.
📈 If the rally continues, the next target would be the 1.618 Fibonacci level, often considered a critical resistance. Nevertheless, taking profits now is wise, especially since many holders are likely over 100% in profit, providing an excellent opportunity to withdraw your initial investment.
🛒 Advice for New Investors
If you don’t already hold TRX, do not buy at this stage. This is not an optimal entry point. Current long-term holders are likely to be taking profits, so it wouldn’t be prudent to buy while they are exiting. Patience is key; wait for a correction or a better setup before considering an entry.
📝 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! ❤️
NWC IS A HIDDEN GEM!!!Hello Fellow traders and investors,
Today I have an altcoin that I believe will be one of the best performers in this bull run. I want to say this is not financial advice., but the evidence is overwhelming for me at least. I do believe it will be a lot more clear and decisive later this year.
Lets look at the chart, it's on the five day.
1 down trend has been broken
2 double bottom on the Gaussian channel
3 increased volume on rallies
4 Bullish divergence on many indicators.
Indicators from top to bottom
The RSI (relative strength) is showing a fairly strong bullish divergence
The MFI (money flow) is also showing bullish divergence is in a wedge pattern. This only on the 5 day, every other time frame has a higher high.
The WT Cross (lazy bear) also showing the moves have more and more strength behind them.
These factors show me that the bottom is likely in
and downside risk is fairly minimal
Why do I think it's going to do so well though?
1 There is evidence on other time frames (monthly) of heavy accumulation which I will touch upon on another chart. This says that NWC although had very strong price decline it's very likely just a corrective phase and will continue to new highs in due time. It also shows a lot of belief in coin by long term investors.
2 The platform, It has a functioning that works great. A lot of coins can't say that.
3 Staking, 70 % of the coins are staked on the network and it pays out at 25% potential.
I will add, that because of these the long term potential is very good, beyond just this bull run. Also, do your own research. Download the platform and use it. Take advantage of the staking.
Kind regards
WeAreSat0shi
BEAM Flashing a Signal—Is the Gaming Sector Ready to Surge?Weekly just fired a bullish signal on $BEAMX, and I’ve been waiting for this, especially since the meta/gaming sector has been lagging lately. There’s a valid setup, and I’m looking to enter closer to 0.017 and 0.016.
This week should provide a solid entry opportunity, with next week potentially setting up as an expansion candle or at least a higher high to add relevance to this move.
My target is 0.03 by December. It just needs to push above 0.020, and that will set the stage!
MinaMina protocol is said to be the world’s lightest blockchain; its size remains only 22 KB! Regardless of how many transactions are performed on the network.
Anyway, MINA chart is interesting-like its size-there are three lines closing toward each other that shows compression. We have to wait and see if this compression can result in an upward movement or not. Let's see what happens.
Compound (COMP)Compound is an interest distribution and DeFi lending protocol in which users stake their tokens in pools and borrowers can take a secured loan from any Compound pool. Anyway, compound has been in a downtrend for a while. Looking at the chart it seems price has made double bottom and also a triangle pattern is formed. Recently, compound popularity increased, and as a result, its price value, as well as volume, increased too. Now, we have to wait and see if the price can break this triangular pattern or not, for continuation.
BITCOIN repeating the November 2023 Channel and targets $140kBitcoin (BTCUSD) has been trading within a Channel Up in the past three weeks, basically for the majority of the month of November, following the U.S. elections. It may been struggling currently to break above the $100000 psychological barrier but historical patterns are in favor of a break-out as the very same Channel Up was formed exactly 1 year ago and paved the way for the March 14 2024 High.
** August 2023 vs August 2024 **
As you can see basically, BTC's whole sequence since the August 05 2024 Low is very similar to the one that started again a year before that in August 2023. The similarities are uncanny. Both fractals started with an August decline below the 1D MA200 (orange trend-line), bottoming inside a Cup pattern that initiated an Accumulation Process. At the same time, the 1D RSI was waving a Bullish Divergence as it has been rising on Higher Lows.
** Golden Cross to November Channel Up **
A 1D Golden Cross was formed right when the November Channel Up patterns emerged. By that time, the price was already on the 2.0 Fibonacci extension of the August decline. At the moment we are on the stage past a 1D MACD Death Cross, which led to a December bullish break-out to a new High.
** Next step = $140k **
A mere test of the 3.0 Fibonacci extension, would translate to a $140k price tag on Bitcoin. Based on the striking similarities and extremely high degree of symmetry with the pattern a year ago, it may become a reality as early as February 2025.
But what do you think? Is symmetry with last year about to kick in and force a bullish break-out to 140k? Feel free to let us know in the comments section below!
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