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BTCUSD trade ideas

Bitcoin's Path to $253,953 in 2025 – A Technical PerspectiveIdea Description: In this analysis, I aim to present why I believe Bitcoin (BTC) could reach $253,953 in 2025. This price target is derived from a combination of historical trends and advanced technical analysis. 1️⃣ Key Resistance: The Historical Trendline The trendline formed by the peaks of 2017 and 2021 acts as a robust resistance level. Historically, these trendlines have played a pivotal role in determining Bitcoin's price action during bull cycles. 2️⃣ Convergence with SpiderLines The SpiderLines, established in 2019, perfectly align with the aforementioned trendline, creating a critical confluence zone. This dual-layered resistance suggests that $253,953 will be a significant psychological and technical barrier. 3️⃣ Supporting Market Cycles Analyzing past cycles, we see that Bitcoin often revisits key trendlines in subsequent bull runs. The historical context suggests that 2025 will align with the next cycle peak, reinforcing this price prediction. This idea highlights the importance of respecting historical levels and recognizing key confluences in market analysis. What are your thoughts on this projection? Could BTC challenge this resistance and push higher? Let’s discuss!
BITFINEX:BTCUSDLong
by SetKryptoBalans
BTC's Beautiful Daily CandleBitcoin's daily chart provides a fascinating look at price action, highlighted by yesterday's epic candle. The candle is a classic dragonfly doji, characterized by a long lower wick and a green close near the high of the day, signifying a strong rejection of lower prices and a battle won by the bulls. This candle formed after testing the key support zone around $88,800-$90,600 and indicates heavy buyer interest in this area. We need to see follow through and a green candle today. The price action today, however solid, is showing hesitation, with Bitcoin facing rejection at the 50-day moving average (now at $97,300). This level has been a key dynamic resistance since it was lost earlier in January, and regaining it would be a critical step for bullish momentum to build. The RSI has started to curl upward but remains neutral, leaving room for further movement in either direction. Yesterday's volume surge was impressive, showing that market participants are actively defending the support zone, but today's volume so far is lighter, which could indicate caution or consolidation before the next move. From an alternative perspective, the potential head-and-shoulders pattern still looms, with the neckline around $91,300. For now, the strong support and bullish candle suggest a temporary reprieve, but Bitcoin will need a clean break above the 50 MA and $99,860 resistance to invalidate bearish structures and open the path toward $106,099. Keeping an eye on RSI divergences or volume spikes at these levels could provide clues for the next move. For now, my fake out below the neckline theory is playing out.
COINBASE:BTCUSD
by ScottMelker
BTC Bollinger BandsThe Bitcoin daily chart with Bollinger Bands reveals important insights about current market behavior and potential future moves. Yesterday's dragonfly doji, combined with the lower Bollinger Band acting as support, suggests a strong rejection of lower prices. The long lower wick indicates heavy buying interest, aligning with the zone near $88,800–$90,600, which has been a key demand area. Bitcoin's price is currently pushing back toward the middle Bollinger Band, which aligns closely with the 20-day moving average at approximately $95,582. This level is often considered a pivot point between bullish and bearish trends. A clean close above this middle band could signal strength and potentially open the door for a retest of the upper band, currently near $100,160. On the other hand, rejection at the middle band would imply consolidation or further downside, with the lower band near $91,003 likely to act as support again. The bands themselves have started to widen slightly, which could indicate increased volatility in the coming days. However, the volume remains relatively light compared to prior strong directional moves, suggesting indecision in the market. The Bollinger Bands also highlight that Bitcoin is not yet in an overbought or oversold condition on the daily timeframe, leaving room for further price exploration. A breakout from the bands, either up or down, would be a strong signal to watch for in terms of directionality. For now, the focus remains on reclaiming the middle band and watching how price interacts with key moving averages and support/resistance levels.
COINBASE:BTCUSD
by ScottMelker
$BTC Bitcoin at critical point... Head and shoulder Pattern!CRYPTOCAP:BTC Bitcoin is at a critical point Current price: 91000 Bitcoin has retraced over 16% from an all time high of 108k, Price action is currently forming a head and shoulder pattern which is usually a bearish pattern! #btc needs to remain supported around 90.5k to continue its uptrend to all time highs at 119k If MARKETSCOM:BITCOIN price action loses support at 90.5k then expect prices to retest supports at 85k and then 80k. Definitely a critical point to watch! What do you think?
COINBASE:BTCUSD
by Ifiok-2sydes
On the way to 85.5KMorning folks, So, both our entries worked fine - as on the top of the right arm as on recent pullback to 96k area. Now there are two moments that you have to know. First is, the risk factor. It comes from weekly bullish grabber pattern , suggesting upside jump above 108K top. But the problem with it is unclear reasons for this jump. Because fundamental picture for now doesn't support any upside action on BTC. First is, dollar and yields are going higher. Second and what is even more important - the new debt ceil act is not taken yet. We have only temporal act on postponing of this decision. It means that until it will be taken, the US Treasury has to save. And they do - spending cash from their Fed deposit. It means that liquidity for some time will remain narrow, which is bad for BTC and Stock market performance. Since both our entries are safe already and protected with breakeven stops, we could relax a bit and keep our eyes on 85.5K downside H&S target. If you still would like to go short- you should understand the risk that you take, because your stop now will be above 96K area. And with potential weekly bullish pattern on the back. Those who have an opposite view on situation and want to buy instead - the weekly pattern is the great one that you could try to use. If price will drop under 91K area, it will mean the failure of this idea.
COINBASE:BTCUSDShort
by Sive-Morten
The cyclic nature of Bitcoin's price Hello, dear friends! Much has been said about Bitcoin cycles, and you've seen many charts, including mine! But today, I'll summarize everything that has been said before: briefly and clearly!So... What Defines the Bitcoin Market Cycle? The Bitcoin market cycle signifies the repetitive trend of price movements within the Bitcoin market, marked by alternating phases of appreciation and depreciation. These fluctuations stem from the perceptions and actions of market participants, involving buying and selling, and are influenced by various factors including market sentiment, regulatory shifts, technological advancements, and broader economic conditions. Historically, Bitcoin has adhered to a four-year cycle closely tied to Bitcoin halving events, occurring roughly every four years. A halving event entails a 50% reduction in the Bitcoin reward miners receive for validating transactions; consequently, the rate of Bitcoin supply growth slows down. This often triggers a significant price surge, assuming the demand for Bitcoin either remains constant or increases post-halving. The upcoming halving is slated for April 2024, where the block reward will decrease to 3.125 bitcoins. The chart below illustrates the cyclic nature of Bitcoin's price and its historical patterns. What Constitutes the Phases of the Bitcoin Market Cycle? Phase 1 – Accumulation This phase emerges when prices are low, yet there are early indications of growth. It's a period where buyers accumulate Bitcoin at lower prices, representing a pinnacle of financial opportunity. Typically, bearish sentiment prevails in the market, resulting in low trading volumes and prices fluctuating within a narrow range, often near the bottom. Phase 2 – Continuation (growth) During this phase, the price continues its ascent towards the all-time high. Historically, a halving event occurs here, coinciding with diminishing exchange reserves as buyers stockpile supply in anticipation of surging prices and new record highs. Phase 3 – Parabolic (bubble) As the price surpasses the previous all-time high, it begins to rise exponentially, leading to a new all-time high that significantly exceeds the previous peak. This phase is marked by extreme volatility, with rapid price spikes followed by substantial corrections. Sell volume increases as some investors lock in profits, while others continue buying, believing the bull market has further potential. Consequently, price volatility diminishes as buying and selling volumes begin to balance, amid a backdrop of overconfidence. Many investors may perceive the Fear & Greed Index as signaling Extreme Greed during this phase. Phase 4 – Correction (crash) Following the euphoria of the Parabolic phase, the market undergoes a major downward correction. Previous bear market periods have witnessed approximately 80% drawdowns from the peak, with negative price movements lasting for roughly a year. For instance, the most recent downturn saw Bitcoin's price plummet from an all-time high of $69,000 (November 2021) to $15,476 (November 2022). What maximum price of Bitcoin do you expect this or next year? I hope You found it interesting. If yes, boost this post 🚀 so others can see it too, and subscribe to stay connected. Always sincerely yours, Kateryna💙💛
BITSTAMP:BTCUSDLong
by RocketBomb
8
BTC | FRACTAL | Multi Month to Higher High?BTC has been full of surprises - but I'm not complaining. Initially, I was following a strict Elliot Wave Theory pattern, which played out extremely well - until the price shot out above the target. I then re-adjusted the target to just under or just over 100k, which hit shortly after. The most interesting part though, is actually Ethereum. The fact that ETH has not yet made a new ATH after the dramatic BTC high, likely tells us the bull cycle is far form over. I've been making a few updates on ETH and Altseason, and how you use the BTC.D chart, the BTC chart and the TOTAL# together to get a clear indication of where we are at in the cycle. I've done MANY updates using this chart, because it is such a powerful combo to use. The fact remains - we have not yet seen a new ETH ath. This raises flags (and in the best possible way) indicating that the bullish cycle is not yet over. _____________________________________ BYBIT:BTCUSDT COINBASE:ETHUSD
COINBASE:BTCUSDLong
by CryptoCheck-
1