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Crypto Bull Run: Unveiling the First StageAfter a year-long bear market, cryptocurrency prices enter a consolidation phase at the bottom, lasting approximately 500-700 days. If the price breaks through this consolidation resistance, it could experience a bullish move of 100%-300%, This pattern occurs once every four years in the crypto market. Currently, most cryptocurrency prices are breaking out of their consolidation phases and experiencing 100%-300% moves. This marks the first stage of the crypto bull run. I will share the example charts below. Regards Hexa
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4
ETH Next Target: $5,000ETH technical analysis update ETH's price touched the trend support line on the weekly chart and has bounced 20% from it. The price also touched the April resistance level at $2,150, which is now acting as strong support. Price dropped below 30 RSI in day chart, this could indicate the bottom for ETH. The 100 and 200 EMA act as agood support for ETH in weekly chart. We can expect a significant bullish move from the current level, with the potential to reach a new all-time high in the coming months. Regards Hexa
Long
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Bitcoin is Ready to Take Off!Bitcoin technical analysis update Yesterday CRYPTOCAP:BTC price touched the broadening wedge support line and the previous major support zone at the $50K level. currently, the price is bouncing from this major support and moving towards the broadening wedge resistance. We can expect a gradual bullish continuation from the current level. We could see a strong bullish move once the price breaks the broadening wedge resistance, potentially reaching $100K. Swing and positional traders can enter a long trade in BTC with a stop loss set at $49,000. Regards hexa
Long
by HexaTrades
5
ETHUSDT Bullish Move Expected from Major Support LevelsETHUSDT Technical analysis update ETH is trading at a key support trendline, where it has been consolidating for the past 90 days. The 100-day and 200-day EMAs are acting as strong support levels on the weekly chart, further reinforcing this area as a significant foundation for price stability. Additionally, a previous resistance level has now turned into a strong support, strengthening the likelihood of an upward move. Given these indicators, a bullish move could be anticipated from the current levels if buying pressure increases.
Long
by HexaTrades
4
Bitcoin Cycle Repeat? 1 Year Bull Run Above ATH Ahead!In the chart above, we’re comparing Bitcoin’s current cycle with its previous cycle. Bear Run (1 Year): The previous cycle started with a significant bear market that lasted exactly 1 year, characterized by a sharp drop in price from the peak. Recovery Phase (2 Years): Following the bear run, Bitcoin spent 2 years in a recovery and consolidation phase, gradually building a support base and regaining momentum. Bull Run Above ATH (1 Year): After consolidation, Bitcoin entered a 1-year bull run that pushed it above the previous all-time high (ATH), setting new records. Current Bitcoin Cycle: The current cycle appears to be mirroring the previous one closely: We’ve had a 1-year bear run, which aligns with the pattern seen in the previous cycle. This was followed by 2 years of recovery, with the price consolidating and gradually strengthening. If the pattern continues, we could be entering 1 year of a bull run above the previous ATH, starting now or very soon. Based on this repeating cycle pattern, the current setup suggests that we might have 1 year of a strong bull market ahead, potentially pushing Bitcoin above its previous all-time high by late 2025. Regards Hexa
CRYPTO:BTCUSDLong
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1 Year of Bitcoin Bull Run Remaining? In the chart above, we’re analyzing Bitcoin’s historical cycles to see if the current cycle follows a similar pattern. Bear Run (1 Year): In each of the last three cycles, Bitcoin experienced a bear market lasting exactly 1 year from the all-time high (ATH). This phase saw a significant drop in price as the market corrected. Bull Run from Bottom (1,064 Days): In the last two cycles, once the bottom was established, Bitcoin entered a consistent bull market that lasted approximately 1,064 days. During this period, the price gradually climbed, eventually reaching new highs. Current Bitcoin Cycle: So far, the current cycle appears to be following the same pattern as previous cycles. We’ve already experienced a 1-year bear market after reaching the previous all-time high (ATH). Currently, we have completed 2 years of a bull run from the bottom, aligning with the 1,064-day bull run observed in past cycles. Based on this historical pattern, we may have 1 year of bull run remaining, which could potentially push Bitcoin to new highs by late 2025. If this trend continues, it suggests a strong opportunity for growth over the next year, mirroring the end phase of past cycles. BINANCE:BTCUSDT BITSTAMP:BTCUSD CRYPTOCAP:BTC Regards Hexa
BITSTAMP:BTCUSD
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When to Book Profits in Bitcoin?Bitcoin technical analysis update Historically, when Bitcoin's monthly RSI reaches overbought levels, the price tends to drop. In 2013, the RSI peaked at 97, in 2017 it reached 95, and in 2021, it topped at 92.5, forming a higher low divergence on the monthly chart. This time, if the RSI reaches the 90 level, it could signal another peak for Bitcoin. When the RSI reaches the 89-90 range on the monthly chart, it’s typically a good time to start booking profits. Currently, the RSI is at 63, suggesting there is still room for a price increase in the coming months. Regards Hexa
CRYPTO:BTCUSD
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4
BTCUSD: Bullish Flag Breakout AheadBTCUSDT technical analysis update At the bottom, Bitcoin formed a falling wedge pattern over 240 days. After breaking out, the price surged by 75%. Following this rise, BTC entered a 220-day consolidation phase, forming a rectangular continuation pattern, which led to a 133% increase after its breakout. Currently, BTC has been forming a flag pattern for the last 220 days, and in the next 10-20 days, we could see a breakout, potentially signaling another strong bullish move. Regards Hexa
CRYPTO:BTCUSDLong
by HexaTrades
2
ETH Price Holds Steady at Key Support LevelETHUSDT Technical analysis update ETH price has been trading within a triangle pattern for the past 85 days, with multiple touches on both the resistance and support lines. A breakout is likely soon. If the price breaks above the resistance line, a strong bullish move could follow. However, if it breaks below the support, the price may drop to the $1,800 - $2,000 range. ETH price has formed a triangle pattern at a strong 2-year support line. In weekly charts 100 and 200 EMA acts as a strong support for ETH. Currently, the ETH price is trading at a strong support level, indicated by multiple technical indicators. We can expect a bounce from this level after a few days of consolidation Regards Hexa
Long
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FTMUSDT: Bearish Head and Shoulders PatternFTMUSDT Technical analsysis update BINANCE:FTMUSDT has formed a bearish head and shoulders pattern on the daily chart, with price moving the support level below. If a breakdown is confirmed on the daily chart, we could expect a potential drop of 20%-60% in FTM. Additionally, the price has fallen below the 100 EMA, adding further confirmation of a bearish trend. Short level: Above $0.58 Stop loss : $0.675 Target 1 : $0.530 Target 2 : $0.420 Target 3: $0.260
Short
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2
BTC: Potential Bullish Opportunity After RetestBTCUSDT (Day Chart) Technical Analysis update Recently, BTC price broke through the broadening wedge resistance line and reached the peak resistance level of the wedge. However, the price was rejected at this peak and is now retesting the broadening wedge resistance, which may now act as support. After some consolidation around this level, we could anticipate a strong bullish move, making this an attractive buying opportunity for BTC.
Long
by HexaTrades
1