BTC is still consolidating & hovering around 100 KBTC is still consolidating & hovering around 100 K. It is sideways finding cues in news for breakout in either direction probably downwards.
BEARUSD trade ideas
BTC update I see this market going to 89k staying there for a little then pump around the 20th of Jan so it can be breaking into all time highs. Sell to Buy.
Bitcoin at a Crossroads: Will It Rebound or Dive Deeper?Hello Intrepid Traders,
Here is my analysis of the current 1-Day Bitcoin Chart
Descending Resistance Trendline on RSI:
The RSI still shows a clear descending resistance line. This reflects weakening momentum during each rally.
If the RSI breaks above this trendline, it would be a leading indicator of a potential bullish breakout in price.
Price Levels:
The price is hovering near the first green support zone (~$93,000). This area aligns with horizontal support and could see short-term buying interest.
If this zone is broken, the price could fall to the lower green zone (~$77,000-$80,000), where strong historical support lies.
EMA Levels:
The green EMA (50-day) is just below the current price and acts as dynamic support. Losing this EMA would confirm bearish momentum and increase the likelihood of further downside.
The red EMA (200-day) near the lower support zone (~$80,000) offers long-term dynamic support.
Bullish Scenario:
A breakout above the descending resistance on RSI and the descending price trendline would indicate a reversal of the current downtrend.
The immediate resistance for such a breakout would be around $100,000.
Bearish Scenario:
A confirmed breakdown below $93,000 could trigger a move to the $77,000-$80,000 zone.
The lack of RSI recovery and a continued downtrend would suggest prolonged selling pressure.
Momentum:
RSI is near neutral but leaning bearish. Without a breakout, momentum remains weak, increasing the risk of further declines.
Bitcoin is at a pivotal point. If the descending resistance trendline on RSI is broken, a bullish move to retest $100,000 is possible. However, failure to hold the $93,000 support and a continued RSI rejection may lead to a deeper correction toward $77,000-$80,000.
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BTC UPDATE Observations:
Trendlines and Channels:
Price is trading within a descending wedge or falling channel, shown by the green lines. This pattern is generally considered bullish, with a potential breakout to the upside.
A previous rising channel (black lines) was broken to the downside, indicating the current bearish correction phase.
Key Levels:
The $85,000 level is marked as an invalidation level, meaning a close below this would further confirm bearish momentum.
$98,584 is marked as a key resistance level, which could act as the first upside target in case of a bullish breakout.
Below, the $68,341-$68,417 zone aligns with a potential demand/FVG (Fair Value Gap) area, serving as a major support level.
Indicators:
RSI (Relative Strength Index):
The RSI is in a neutral range but recently bounced from a lower level, signaling potential for a short-term rebound.
No significant divergence is visible at this point.
Support and Resistance:
Immediate support lies near the lower green trendline, around $92,000.(Crucial Area)
Resistance aligns with the upper green trendline and the $98,000-$100,000 zone.
Potential Scenarios:
Bullish Case:
A breakout above the upper green trendline could signal a move toward $98,584, followed by psychological resistance at $100,000.
If the $100,000 level is reclaimed, the next major target could be $112,000 or the upper black trendline.
Bearish Case:
A breakdown below $85,000 invalidates the bullish structure, potentially targeting the $68,417-$68,341 zone as the next significant support.
Further downside could see BTC retesting $54,000, though this is less likely unless a broader bearish sentiment takes over.
Targets:
Upside:
$98,584 (short-term resistance)
$100,000 (psychological barrier)
$112,000 (higher resistance from previous swing highs)
Downside:
$85,000 (invalidation level)
$68,341-$68,417 (major demand zone)
$54,000 (long-term support)
Recommendation:
Monitor price action near the green trendlines for a breakout or breakdown confirmation.
Look for volume and candlestick patterns to confirm the next directional move.
Use RSI and additional indicators (e.g., moving averages) to validate entry/exit points.
BTC Price DirectionI see a pullback of BTC possibly coming later in January. I'm not seeing motivated buyers as the volume and momentum have slowed. However, looking at the trend line and 100 day SMA there will probably be support at around $89-$90K.
This is not financial advice and I'm not a registered broker, just looking at my personal trades and sharing what I see on the charts. Do your own research.
BTCUSDBTCUSD I see possible area of reversal ,am hoping to see buys at two levels 93269 and 91115.also am seeing sells at 98002 which is below the 200 SMA and also a strong demand area at 102702.
Left translated daily cycle to reset weekly cycleTargeting November futures gap.
Will flip bullish if reclaim and cross of 9/21D MA.
Buying Bitcoin With the bearish push on Bitcoin, price had hit a key liquidity/support level I've been eyeing on the Daily chart, around $53,550. Price then printed a bullish engulfing candle, which triggered my buy signal.
This is where more capital was invested with this market sell off. If price continue to make lower lows, I'll continue with this method on waiting for a bullish engulfing candle pattern to begin DCA as we push down.
You don't want to catch falling knives, wait for the knife to hit the ground, then pick it up by it's handle.
Happy Investing!
$BTC/USD We'll need some Bulls to step up here...I'm seeing this Green Daily candle push it's way up and out of the "Demand Zone", while running into some expected resistance from a recent downtrend line (Red), a couple High Volume Shelves, and some Fib levels that coincided with recent price action & short-term reversals (Within the Red Circle or Elipse, and Horizontal shaded Rectangle slightly above)...
What do you think... Will we follow the Blue Arrow to the upside? Or does it need some more "Timeout" at these levels, or perhaps down towards $80's...?
Weakening BTC Support. High chance to break it and go lower.Price has reached support at 91K and bounced off it 5 times now, which means that Support is WEAK now. If it goes back to 91K there is a high chance we go down to ~87K (0.5 FIB level). Let's see.
12h BTC, ST relief rally, but watching for key EMA200 RetestShort-Term Bullishness driven by the 12h Stochastic Indicator
The Stoch crossover below 20 indicates short-term bullish momentum is building. This typically suggests a relief rally or bounce.
Price could rally toward $95–96k, with potential extensions to $99k (the supply zone) if the momentum sustains.
12H 200 EMA and Yearly Open Retest:
The 200 EMA aligns with the lower purple zone, making this level a critical support.
A retest of the 12H 200 EMA would provide stronger bullish confirmation for a sustained move higher.
Targets and Scenarios:
First Target Zone:
Rally to $95–96k to test local resistance and liquidity above the current wedge.
Second Target Zone (Supply Zone):
Further continuation could push the price to $99k, where significant resistance and supply lie.
Daily Stochastic for Confirmation:
While the 12H Stoch suggests short-term bullishness, waiting for a daily Stoch crossover below 20 provides a safer confirmation for taking intra day longs. This would align with broader bullish signals and reduce the risk of a fakeout.
Strategic View:
For Bulls : Look for price not to lose the yearly open ($93k) and when it's the case, bid the retest of the 12H 200 EMA ($87.4k) for an entry, targeting the supply zone near $99k.
For Bears : Watch for a failure to reclaim the yearly open after the EMA retest, which could lead to further downside.
This setup hinges on the Stoch momentum and reclaiming key levels for validation.
Bitcoin Quant ModelFlipsOur Biyond Vanguard 2.0 model has flipped to slightly bearish on the weekly time frame for the first time since October.
Biyond's colour-coded quant mode Vanguard 2.0 differs slightly from 1.0 version on our website as it tracks real-time closes rather than confirmed weekly closes on the 1.0 version.
An Orange close this Sunday will likely mean we break the range bound conditions we've seen between $92,000 to $95,000 and head south to a minimum of $87,000.
USDT Dominance Falls, BTC Rises: What It Means for TradersThe chart highlights the inverse relationship between BTC/USDT and USDT.D (Tether Dominance). When USDT.D drops, capital flows out of stablecoins into Bitcoin, driving BTC’s price higher.
Conversely, a rise in USDT.D signals increased caution, often leading to BTC price declines. This correlation helps traders gauge market sentiment and identify potential trend shifts.
Possible scenario about BTC in a short termAs you can there is a possibility that the same scheme occured dec 31th will repeat with a critical moment and possible rejection around 100k.
Let's see...
It's not a financial advice, only my thoughts please be carefull
BTC isn't bulllish?BTC can drop toward the87k area for its 4th wave correction. The 2nd wave had a flat correction and the 4th is having a perfect complex correction. WXY channeling and 1-3-2 channeling also show support around the 87k area, and it may sharply drop toward that area with the candle above. After breaking 91.5k, it can sharply decline toward the 4th wave target.
Wizards Only Fools 2Well well well from my previous post it still continues!!!
I may have and may not have the answer to all your not enough shmeckles!
How many shmeckles will BTC drop?!?!
My fellow wizards what sorcery is this!?!?
Spot Bitcoin ETFs in the US Acquired Nearly 4x the Amount Mined Market Update - January 10, 2025
Takeaways
Spot bitcoin ETFs in the US acquired 51,500 bitcoin in December, nearly quadruple the 13,850 BTC mined: Spot bitcoin ETF-driven demand could create a supply shock that would drive prices higher in the coming months. But the price of bitcoin pulled back below $93,000 this week after reports the US government might sell $6.5 billion worth of bitcoin seized from Silk Road.
Backpack Exchange has reportedly acquired FTX EU after regulatory approval: The exchange, founded by ex-FTX and Alameda staff, would be the managing entity for FTX EU bankruptcy claims. But the FTX bankruptcy estate released a statement claiming Backpack has no control over redistributing the funds, adding that the press release announcing the sale went out without approval.
Terraform Labs founder Do Kwon has pleaded not guilty to fraud charges in US court following extradition: Prosecutors allege he misled investors about terraUSD's stability. Kwon's case is expected to go trial in January 2026.
Metaplanet is aiming to quintuple its bitcoin holdings to 10,000 BTC by leveraging capital markets: The Tokyo-listed firm already holds 1,761.98 bitcoin, currently worth close to $180 million. The move continues a recent trend of corporate and investment entities stockpiling bitcoin as a reserve asset.
Spot Bitcoin ETFs Accumulate nearly four times December’s Mined BTC Amid Supply Squeeze
Spot bitcoin ETFs in the US acquired 51,500 bitcoin in December 2024, dwarfing the 13,850 produced by miners during the same period. This ETF-driven demand reportedly represented 272% of the monthly supply. Bitcoin's price peaked at an all-time high of $108,135 on December 17, driven by surging spot market activity.
A January 6 report also highlighted bitcoin exchange balances hitting record lows, with researchers predicting a potentially imminent supply shock. On Friday last week, spot bitcoin ETFs added over $900 million in inflows. But the price of bitcoin has subsequently pulled back this week, dropping below $93,000 on Thursday as the market weighed the veracity of a report that the US government was poised to sell some $6.5 billion in bitcoin originally seized from Silk Road.
In mining, MARA Holdings led December’s production with 9,457 bitcoin. Riot produced 516 bitcoin and Cleanspark came in third with 668 bitcoin mined. Other contributors included Bitfarms (211 BTC) and Terawulf (158 BTC). With total US bitcoin ETF holdings now nearing $110 billion, some analysts have projected bitcoin to see more significant gains throughout the year.
Dogecoin (DOGE): The Birth of the Original Memecoin
Dogecoin (DOGE) started out as a parody of cryptocurrencies and, in particular, the proliferation of altcoins. Its founders have publicly stated that DOGE was a joke, and the currency hasn’t received a significant technical update since 2015. Despite these facts, market forces have kept the cryptocurrency alive. According to the founders, it was never about the value of DOGE, but rather about giving people an accessible introduction to the world of cryptocurrency through a face many already knew from an internet meme — Doge. The founders sought to overcome Bitcoin’s and other cryptocurrencies’ barriers to entry — for example, news of hacks and scams, as well as technological complexities. To that end, they created a fun and friendly cryptocurrency to welcome newcomers to the crypto space.
Read more!
Onward and Upward,
Team Gemini
This Does Not Look GoodObviously a completed head and shoulders pattern is bearish with a break below $92,000. We shall see.
monke trader - mad skillThis is a description, there are many descriptions out there but this one is mine and unique
Restesting ~93.7Clear divergence on 15 min rsi with last one within zone, so expecting a short correction
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