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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. --------------------------------------------------------------------------- Disclaimer The information provided herein is for educational and informational purposes only and should not be construed as financial or investment advice. Cryptocurrency trading involves significant risk and may result in substantial or complete loss of your investment. Past performance is not indicative of future results. Before engaging in trading or investing in cryptocurrencies, you should carefully evaluate your financial objectives, experience, and risk tolerance. It is strongly advised to consult with a qualified financial advisor or professional before making any investment decisions. The content provided does not constitute a recommendation, endorsement, or solicitation to buy, sell, or hold any cryptocurrency or related financial instruments. Market conditions can be highly volatile, and prices can fluctuate dramatically due to factors such as market sentiment, regulatory developments, or unforeseen events. You are solely responsible for your trading or investment decisions, and you assume full risk for any financial losses incurred. We are not liable for any direct or indirect damages arising from your use of this information or participation in cryptocurrency trading activities. By accessing or using this information, you acknowledge and accept this disclaimer in its entirety. --------------------------------------------------------------------------- Leave your question and or comments, I'd love to hear from you. More power to all your trades, my friends! Intrepid Trader
COINBASE:BTCUSDShort
by RSibayan
A Continuation of a Previous Idea to a New ForecastI extended the two green lines from this chart I predict, overall, that this year is a bullish one. The yellow is what I expect from a moderate, somewhat subdued run, the blue is what I expect from a utterly rabid one. Last week of October feels good for locking in profits. The target price range is approximately $450,000 to $1,250,000, which is stupid vast. Iust gauge how things are in early July and again early-mid September to qualify the level of rabidity.
BITSTAMP:BTCUSDLong
by Trilldebeest
2
BTC Market Panic — The Best Time for HoldersWe are currently at this level, and what's happening in the market is truly astonishing. Especially the wave of panic and fear in crypto communities. Today, I spent an hour reading chats, and everywhere it’s the same: tears, chaos, and uncertainty. 💬 Why is this good? For experienced holders, panic is an opportunity. It’s the time when weak players (paper hands) leave the market, and those who are here to earn stay for the next big wave of growth. 📉 What would be ideal? It would be great if BTC dropped below $80,000 to eliminate margin players and maximize fear. After that, the price could rise quickly and sharply, but only with those who are ready for a true bull run. 📊 History Look at how the market started in 2021. It looks cyclical, and there’s some obvious pattern for those analyzing long-term fractals. People are always looking for conspiracies or playing short timeframes, but because of this, they often earn nothing in the long term. Target: 170k 🔮 What’s next? I can’t guarantee the history will repeat exactly. But if you want to check if it does, open this post at the end of the year.
BITFINEX:BTCUSDLong
by CHOWTRADE
ATH Elliotwave idea - The end of the cicleMy Elliott Wave Count and its Implications for the End of this Cycle This is my bullish scenario where the highs were not breached and the last 5th wave was not truncated. It's important to acknowledge that this 5th wave, the 'Trump pump,' was significantly extended and impulsive compared to wave 1, the beginning of the cycle. Typically, the 5th wave exhibits characteristics similar to the 1st wave. However, in this cycle, the 5th wave more closely resembles the impulsive and extended nature of wave 3. In this scenario, we can anticipate that this 5th wave, the last major wave, might have been extended, as illustrated in this idea. However, it's crucial to remember that a significant downtrend could ensue if we lose the 85k level. A retracement from that level might necessitate a re-evaluation of the Elliott Wave count.
PHEMEX:BTCUSD.PI
by jccp_eu
$BTCUSD - what's next for BITCOIN CRYPTOCAP:BTC looks like it has entered into an accumulation phase and could be close to making a move upward. While it does look like it is forming a head and shoulders pattern, the neckline support area of $91-90K has been holding strong while MACD and RSI are leveling off. At the same time, the OBV and accumulation distribution are making higher lows, showing signs of accumulation. Breaking above $100K could see further upside to the $120K area, while breaking below $90K could lead to a breakdown to the $85K area. I am currently leaning bullish as long as the oscillators continue to hold up. NASDAQ:IBIT
COINBASE:BTCUSD
by PaperBozz
1
Grabbing liquidity at 87,000 and heading up – target: +102,700The correction we are observing now is typical for this time of year (late December – early January). At the end of the year, institutional investors close positions to report profits to their investors (if they have any, of course), and many traders take winter holidays during the pre-New Year period. Market activity (which doesn’t necessarily mean growth) usually starts picking up from the second week of January. 🌡️ So, no panic, no sudden moves! Instead, while everyone else is selling in a rush, we look for entry points to reap the rewards later. 🚀 Now, what about Bitcoin? First of all, we see that the price has approached the key support level of $91,000 and slightly bounced back. In fact, we have already entered the area of unrealized long liquidity, which ends at the $87,000 mark. It’s logical to expect this liquidity to be absorbed, as Bitcoin needs fuel for further growth. We might dip slightly lower – down to 85,000. If we don’t rebound from this level, the drop could be sharp and significant – the next major liquidity zone is below $70,000. Therefore, entering with a stop-loss is mandatory! 🚫 Here’s the entry point: 🔹 BTCUSDT - Long 📥Entry price: $87,000 – $90,000 🎯Target: $102,700 🛑Stop-loss: $84,450 Happy trading, everyone! 💰
BINANCE:BTCUSDLong
by AdamZaitov
BTC 1H Setup This setup expects the price to move according to my previous 4H analysis, and we are rising up on the right shoulder of a bearish H+S on the way to ~98k. Pink lines define the buy zone uptrend. There should be final accumulation/consolidation around 95.2 as the next bullish move after that is going to be trying to punch thru 96k into the bear accumulation territory. Watch carefully to ensure theres no funny business when 96K comes around and also if price action is congruent to the rising wedge implied in the chart drawings(until $95200). Buy between the pink lines and anticipate closing at any of the fib levels above 97k. So far my entries within the buy zone did alright with 30x leverage with tight stops well inside the zone.
BITSTAMP:BTCUSDLong
by sadture
1
key horizontal support and resistance zoneResistance Level: The upper boundary around 96,000 USD has acted as a cap for upward movement, as evidenced by multiple price rejections. Support Zone: The lower boundary around 94,000 USD provides a solid floor, with price consolidating above it after a sharp drop. Recent price action indicates sideways consolidation within this zone. The blue arrow reflects a potential bullish breakout scenario, where BTC could test the 96,000 USD resistance again if buying momentum builds. Traders may monitor for: Breakout above 96,000 for a continuation toward higher levels. A breakdown below 94,000 as a bearish signal for further downside. Volume confirmation and candlestick patterns around these levels will be crucial for decision-making. You can adjust this depending on your personal trading insights!
BINANCE:BTCUSDLong
by EhsanFibo
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Jan 10, 2025Technical Analysis and Outlook: Bitcoin has surpassed our crucial Mean Resistance of 99500 in this week's trading session by plunging sharply back to a critical Mean Support of 91800. This decline suggests that a significant interim pullback may be underway, potentially bringing the cryptocurrency to the Outer Coin Dip 83400 before any resurgence in the bull market occurs. However, an interim strong upside move to Mean Res 97300 might be in the works.
BITSTAMP:BTCUSD
by TradeSelecter
BTCUSD Head & Shoulder ExplainationI saw on X, majority of technical traders are looking to short bitcoin because of this apparent "head & shoulder" structure. Now, let me share with you all some knowledge for free. Most traders are naïve to the fact that the H&S structure was already completed at 91315. Yes, the price may crash from here to 60K and lower but it could also rally to 120k. I advice technical traders not to base their short ideas on this already complete H&S structure. Allow the market to give a clear signal before executing, as of now, there is no clear direction. XAUUSD price is looking to rally towards 2720 next week, therefore I believe bitcoin will follow.
BITSTAMP:BTCUSDEducation
by Technical_AnalystZAR