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BTCUSD Perpetual Contract

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Bitcoin Near $100K: Consolidation or Correction?Hello Intrepid Traders, We have here the 1 Hour Chart of BTC/USD pair on Coinbase. Analysis of Bitcoin 1-Hour Chart 1. Support and Resistance Levels Support Levels: $93,000 - $94,000: This level aligns with a previous consolidation zone and the 200 EMA (red). It's a significant support level where the price has previously bounced. $96,000: This is a near-term support zone where the price consolidated before the recent breakout. Resistance Levels: $100,000: A key psychological resistance level that the price briefly touched before pulling back. Breaking above this level would likely attract further buying momentum. $108,000: The next likely resistance zone if $100,000 is broken, based on the height of the previous breakout. 2. RSI (Relative Strength Index) Current RSI: The RSI has fallen sharply below 50, suggesting bearish momentum in the short term. This indicates a cooling off after the recent rally. Overbought and Oversold Conditions: The RSI was previously in overbought territory above 70 during the rally to $100,000. If the RSI approaches the oversold region near 30, it could signal a potential reversal or bounce from support. 3. Price Action Consolidation: The price formed a symmetrical triangle before breaking out strongly upward. The recent pullback suggests a potential retest of the breakout zone (around $96,000). Consolidation between $96,000 and $100,000 is possible before a clear direction is established. Retracement: The price is retracing after the sharp move upward. It is currently near the 50 EMA (green), which could act as short-term support. If this retracement deepens, the next target would be the 200 EMA (red) at around $94,000. 4. EMA Analysis The 50 EMA (green) is above the 200 EMA (red), confirming a bullish trend on the 1-hour chart. A pullback to the 50 EMA or 200 EMA could provide potential buying opportunities if the price rebounds. Possibilities Bullish Scenario: If the price holds above the 50 EMA (green) and consolidates around $96,000, a bounce back toward $100,000 is likely. A breakout above $100,000 with strong volume could target the next resistance at $108,000. Confirmation of a bullish move would include the RSI moving back above 50. Bearish Scenario: If the price breaks below the 50 EMA, it could test the $93,000 - $94,000 support zone near the 200 EMA (red). A break below $93,000 would signal further downside, with the next support likely around $90,000. Disclaimer: This analysis is for educational purposes only and should not be considered financial or investment advice. Trading cryptocurrencies involves significant risk. Always conduct your research or consult a professional advisor before making trading decisions. Final Thoughts The Bitcoin 1-hour chart is at a critical juncture, with the price consolidating after a strong rally toward the key psychological resistance of $100,000. The symmetrical triangle breakout suggests bullish potential, but the current retracement and falling RSI indicate short-term weakness. Key Levels to Watch: Support: $96,000 (short-term), $93,000 (major support with the 200 EMA). Resistance: $100,000 (psychological) and $108,000 (measured breakout target). What to Look For: If the price holds above the 50 EMA and RSI moves back above 50, it could indicate renewed bullish momentum, potentially leading to another breakout attempt. A break below $93,000, however, would signal a deeper correction and a possible trend shift. Trading Strategy: For Bulls: Look for confirmation of support at $96,000 or $93,000 before entering. Watch for a breakout above $100,000 to ride the next leg up. For Bears: Wait for a clear breakdown below $93,000 with RSI staying below 50 to target lower support levels like $90,000. This is a time for patience and disciplined observation. Both scenarios—continued bullish breakout or deeper retracement—are plausible, so managing risk and waiting for confirmation are essential for any trade decision. Leave your questions and comments below. More power to all your trades! Intrepid Trader
COINBASE:BTCUSD
by RSibayan
Bitcoin Seizes $100,000. What's Your Prediction for Next Move?And there you have it — a comet in the night sky, Bitcoin BTCUSD finally shattered the landmark $100,000 figure . Prices of the original cryptocurrency are up 50% since Election Day on November 5 and traders have one man to thank. Do you think he doesn’t know it? “CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!” Donald Trump erupted on his social-media platform, Truth Social. As crypto circles around the world celebrated the mind-blowing milestone (that’s a market cap of more than $2 trillion in a $3.5 trillion market ), the volatile crypto couldn’t get any rest. Bitcoin prices seesawed back under $100,000 early Friday with traders experiencing the token’s wild swings and notorious stomach-churning volatility. In wild seesaw motions, the OG crypto yesterday peaked at an all-time high of $103,700 a piece before sliding more than 6% to close the session at a 1.6% daily loss at $96,900 a pop. In other words, crypto traders still need that convincing close above six figures. Donald Trump might just have the answer. The President-elect is keeping busy by forming an A-team of crypto advocates to lead the efforts at the White House. Earlier this week, Trump selected former SEC commissioner Paul Atkins to replace current SEC Chair Gary Gensler. This is one of the key drivers to yesterday’s rally in the broad crypto markets . Because Atkins isn’t just a crypto-friendly former regulator. He’s been advising crypto companies since 2017 and he’s the co-chair of Token Alliance, a subsidiary of Digital Chamber, which was spun up to promote digital assets. Atkins has been consulting crypto companies on how to work with the Securities and Exchange Commission, avoid penalties and lawsuits. And now he might be taking the top job at America’s financial watchdog. It doesn’t end there. A new pick today promises even more growth for the crypto industry in the US. Trump has tapped venture investor and podcast host David Sacks to be the “White House AI & Crypto Czar.” In a post on his social media, Trump wrote that “David will focus on making America the clear global leader in both areas.” “He will safeguard Free Speech online, and steer us away from Big Tech bias and censorship.” Sacks was a major Trump supporter earlier this year. He invited Trump to join him and his podcast peers and fellow investors Chamath Palihapitiya, Jason Calacanis, and David Friedberg for a talk on his All-In podcast , which Trump has called the “top podcast in Tech.” With the stars seemingly aligning for the crypto industry heading into 2025, many digital asset proponents are now calling for $100,000 to be the bottom. A new, loftier goal is now in sight by end of year: $125,000. In 2025, the forecasters among us project Bitcoin prices of about $250,000 , or a 150% increase from current levels. 📡 What’s your forecast? Do you think we’ll see prices top $125,000 still this year? And $250,000 next year? Share your thoughts below!
BITSTAMP:BTCUSD
by TradingView
63
Bitcoin - Time to buy again!Bitcoin has completed its third upward wave and is now finishing its fourth corrective wave. Therefore, it can be concluded that after completing the fourth wave and forming a flag pattern, it may reach $104,000 or $107,000 in the fifth upward wave. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
December 5 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. This is a 30-minute Bitcoin chart. The analysis is late, so the Nasdaq index is released and the US market is open. I was worried a lot because I might miss the entry point. I'll keep it simple. *Red finger movement path Long position strategy 1. $102,665 long position entry section / When the green support line is broken or when section 2 is touched, stop loss 2. ToP section at the top $106,338.5 1st target -> Good 2nd target If the strategy is successful, section 1 at the top is a long position re-entry autonomous section. The movement is sideways within the orange and green convergence sections of sections 1 and 2. Today, the Bollinger Band 15-minute chart did not touch the support line even once, so I operated it as aggressively and safely as possible. Since the 1-hour chart MACD dead cross is in progress, It seems advantageous to operate after the imprint is completed, And today, if you just maintain the sky blue support line, there shouldn't be any problems. Up to this point, I ask that you simply use my analysis for reference and use, And I hope that you operate safely with principle trading and stop loss prices. Thank you for your hard work until late at night. Thank you.
BYBIT:BTCUSD.PLong
by BitCoinGuide
Bitcoin, be greedy when others fearful, Short Term Target:105KI was very lucky that I closed my long position last night at 99000 before last night "needle" drop. Be greedy when others fearful, last night was just cleared some 100x contract in exchange and some weak holders out, THIS IS A NORMAL ADJUSTMENT in Bull market! It also gave us a very clear cut loss position at 91500, if price above 91500, we can hold it for short term and even mid term trading. Go back to the graph, it will break the triangle very soon, measuring target is 105,000, short term.
BINANCE:BTCUSDLong
by hkpaulchan