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BTCUSD BUY ANALYSIS Hello Traders and investor 👋 what do you think about Btcusd comment your opinion Current price " 96,000 Btcusd is working above it's support zone And from this position retracement is possible. i think it's an ideal position for bulls to enter. Currently market's target is to cross the 100000 range then it's target Will be 1020000 today, Key points; Resistance area: 98600, 101000 Demand zone: 100000, 104,0000 Note: First target: 100,000 Second target:104,000 Kindly support and comment.and follow thanks, 👍
BITSTAMP:BTCUSDLong
by Roberthook
A Deja Vu Moment? 31% Correction to Previous ATH $73KThere’s something about the charts that’s been bugging me lately—definitely leaning toward a bearish bias. As much as I want to be bullish and for Alt Season to kick off, my focus on Bitcoin is mainly to gauge the pulse of the Altcoin market. But there’s something on the weekly charts that’s hard to ignore. The Stochastic RSI has turned bearish, signaling a downward bias for Bitcoin’s immediate direction. This could play out as an overall correction that might take another week to play out. Adding to this, back in November, Bitcoin’s price rejected off the 0.618 Fibonacci level on Bitcoin Dominance. This level marked the peak for Bitcoin dominance in the 2021 bull run. At that time, the stochastic RSI was overbought with a bearish crossover and dominance rejected off the 0.618 Fib level, leading to a 31% correction over two weeks before the market quickly rebounded. Fast forward to today, we’re at a very similar juncture. Stochastic RSI is overbought and we have rejected off bitcoin dominances 0.618 fib level - Will we see a 31% Correction? Well! If we were to see a 31% correction from the previous ATH, it aligns almost perfectly with the 0.618 Fib level—hard not to see this as more than just a coincidence. On top of that, I suspect we’re currently in a Wave 4 correction. However, a pullback to the 0.236 Fib level feels almost too straightforward to me—perhaps too easy. What do you think? Would love to hear your thoughts!
BINANCE:BTCUSDShort
by heywippa
Bitcoin’s Influence on Cryptocurrencies! ### **1. Bitcoin as Market Driver** Bitcoin, as the benchmark cryptocurrency, sets the tone for the crypto market: - **Bullish Bitcoin**: Boosts demand for altcoins. - **Bearish Bitcoin**: Triggers sell-offs across the market. ### **2. Key Observations** - **Bitcoin (BTCUSD)**: Consolidating in a triangle, indicating a potential breakout or breakdown that could influence the market. - **PEPE**: Highly volatile, likely to amplify Bitcoin’s movements. - **Bitcoin Cash (BCHUSD)**: Correlated with Bitcoin due to its historical link, mirroring its trends. ### **3. Why It Matters** Bitcoin drives liquidity, market sentiment, and altcoin performance. A breakout impacts the entire market, making it essential to track Bitcoin’s price action for broader crypto trends. 🚀📊 **Why This Chart is Important** Bitcoin's price movements dictate market sentiment and liquidity flows, influencing altcoins like PEPE and Bitcoin Cash. **Conclusion** A Bitcoin breakout could drive altcoin rallies, while a breakdown might trigger market-wide sell-offs, making it critical to monitor closely.
CRYPTO:BCHUSDLong
by Xeeshan79
XRP in positive consolidationXRP is consolidating as it tests key support levels. I created a bullish wedge at the beginning of December, and XRP broke above and below the wedge. On December 18, XRP broke below the upward trendline, signaling a price correction or a consolidation period that might drag out longer than expected. The On Balance Volume (OBV) shows that XRP faces high buying pressure, signaling positive sentiment to push XRP to resistance levels. The Chaikin Money Flow (CMF) shows that XRP spiked in buying pressure today at 0.43 (OBV) above the zero line, locking in positions that will keep XRP in the fight to consolidate around a price average of $2.42.I posted a Fib Retracement to indicate a buying zone if XRP breaks below support levels. Fundamental analysis - In this idea, I'm looking at a more volume-based analysis for XRP because its exposure has been rocketing lately, bringing in new partnerships, institutions, and retail. The market has been bearish lately with its recent nose dive, but XRP looks to be handling it well. Resistance - $2.90 Support - $1.70 Chart - 12hr What will I be doing? Dollar-cost average. Fear and Greed Index (CoinMarketCap) - Neutral 59
BITSTAMP:XRPUSDLong
by LOWCO_487
Bitcoin is gathering a lot of liquidity.Given the general expectations for the growth of the price of Bitcoin and cryptocurrencies, my prediction is for the rapid growth of the price of Bitcoin and a sudden break of the resistance areas up to 102 thousand. Of course, if it is unable to raise the required liquidity in these areas, it is likely that the decline to lower areas will continue until late December. If you are trading long-term and have been lagging the market so far, the current area is suitable for a step entry in most cryptocurrencies, you can take a buy step. Please keep in mind that this is a personal analysis and opinion. Your trading risk is solely your own.
Long
by Alireza_yarian
BTC 3 possible Scenarios Btc has rallied down to touch support which is @ 92,000 it’s a very strong area which is holding price quite good. The way btc rallied down makes traders panic but it’s the way btc move. I’ve been trading btc since 2021 and have seen these type of situation several times there’s nothing to be panic about. And please try to zoom out chart and trade on daily or 4hr tf. BTC respects support and resistance levels of htf. Trade 1: if BTC holds support @ 92,000 on daily timeframe than Long with target @ 99,000. Trade 2 : if BTC breaks resistance @ 100,000 than Long with target @ 105,000. Trade 3 : if BTC breaks Support @ 92,000 than it will go down to touch support @ 75,000. It’s holiday season so avoid trading.
by Ats9