Bitcoin Eyeing a Breakout After Consolidation!BTC is forming a potential bullish setup after a period of tight consolidation within a falling wedge. Price is attempting to reclaim structure above key resistance, with the wedge breakout suggesting momentum could shift upward. If volume supports the move, bulls may regain control, making this zone critical for confirmation.
BTCUSD trade ideas
Bitcoin (BTC/USD) Trade Setup & Analysis🔹 Trend Analysis:
📉 The chart shows a downtrend followed by a reversal attempt.
📈 The price bounced off a support zone and is moving upwards.
🔹 Indicators:
📊 The 9-period DEMA (83,805.38) is slightly above the current price, acting as a resistance level.
🔹 Trade Setup:
🟢 Entry Zone: Around 82,943 (Current Price)
🔴 Stop-Loss: 81,183.22 ❌ (Below support level)
🎯 Target Point: 85,563.52 ✅ (Upper resistance level)
🔵 Strategy: The trade anticipates a price dip before
BITCOIN Will Go Lower! Sell!
Take a look at our analysis for BITCOIN.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 84,393.94.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 81,267.75 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Bitcoin (BTC): Another Buying Push Been Suppressed By Sellers!Weekends were pretty bloody and so is Monday. We are seeing a strong dominance of sellers where one last push of the month has been suppressed by sellers with strong dominance.
Price is again below both EMAs and we think this might be the start of the movement toward our major target zone!
Swallow Team
Bullish Breakout from Falling Wedge | Upside Potential Ahead!Market Overview:
The Bitcoin (BTC/USD) 4-hour chart is displaying a Falling Wedge pattern, a well-known bullish reversal structure. This indicates that the downtrend is weakening, and a potential breakout could lead to a strong upside move.
🔹 Key Technical Analysis
1️⃣ Falling Wedge Formation & Breakout
Bitcoin has been trading inside a falling wedge, marked by lower highs and lower lows, signaling a contraction in volatility.
A breakout above the upper trendline of the wedge is forming, suggesting a bullish reversal and the start of an uptrend.
Falling wedges typically lead to a rally equal to the height of the pattern, giving a measured move target of $114,334.
2️⃣ Price Action & Confirmation Levels
A clean breakout above $87,000 would confirm bullish momentum.
If price successfully retests the wedge’s upper boundary and holds support, further bullish continuation is expected.
The psychological level of $100,000 could act as an interim resistance before the final target is reached.
3️⃣ Upside Target & Resistance Zones
The measured move suggests a potential rally towards $114,334, aligning with previous resistance zones.
This target represents a 30.55% gain from the breakout level.
Traders should watch for pullbacks and retests as part of the breakout confirmation.
📈 Trading Plan - Long Setup
🔹 Entry: Look for a confirmed breakout above $87,000, or a retest of support.
🔹 Stop Loss: Below $84,000, protecting against false breakouts.
🔹 Take Profit: $100,000 - $114,334 (previous resistance & measured move target).
🔹 Risk-Reward Ratio: Strong bullish setup with favorable upside potential.
🛑 Risk Factors to Consider
⚠️ A failed breakout and a drop below $83,000 would invalidate the bullish setup.
⚠️ External factors such as macroeconomic events, regulatory news, and BTC ETF developments could influence volatility.
Final Thought
The breakout from the falling wedge signals a potential bullish continuation for Bitcoin, with targets set around $114,334. Traders should watch for confirmation above $87,000 and manage risk accordingly.
Is this the perfect time to buy Bitcoin? Hello,
While the significant market correction since January 2025 has left many feeling fearful, we believe this presents a perfect opportunity for those with a long-term investment horizon. The recent pullback in asset prices, particularly in the cryptocurrency space and equities, has created an attractive entry point for seasoned investors.
President Trump's ongoing commitment to positioning the United States as the global capital for cryptocurrency, with Bitcoin as a key component of the nation's reserves, reinforces the enduring fundamental strength of this digital asset. Despite the short-term volatility, Bitcoin's long-term prospects remain robust, supported by this high-level governmental endorsement .
Since its peak in January, Bitcoin has experienced a correction exceeding 25%, bringing it to levels that we view as an ideal accumulation zone. Our technical analysis further confirms this perspective, as the cryptocurrency approaches a critical upward trendline, suggesting that buyers may soon step in to drive a resurgence. Additionally, the MACD indicator is on the cusp of a bullish zero crossover, providing additional confirmation of an impending rebound.
For patient, forward-thinking investors, we strongly recommend initiating or increasing Bitcoin positions at these current prices. By adopting a disciplined, long-term approach and weathering the near-term fluctuations, you can position yourself to capitalize on the substantial upside potential as Bitcoin's trajectory aligns with the supportive stance of the U.S. government.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Déjà Vu, BTC's Historical Pattern EncoreIt is possible the pattern that shaped in late 2020 and 2021 might repeat again.
Everything just looks like the previous main high which is selected with the red square in the left of chart.
There is no guarantee even if it happens - movement and ratios of movement can be different.
Déjà vu on the charts isn't by chance.
Big Capitulation Pattern and Bull Trap Would Make Sense Now.We now have a lot of match up in how the BTC and SPX moves have formed with both of them showing properties of what could be a choppy wave 4.
This would predict we see a period of panic selling (likely driven by news) and then we enter into the ABC correction.
Now ... by the book, if a bigger bear move is happening the high should now be in. If there's to be a big bull trap it'll be an ABC to the 76 retracement and then there'll be a sharp second down leg - surpassing the first.
By the way things actually are, we have to be wary of the butterfly bull trap. This would look and act identical to a 76 reversal up to a certain point and then it would make a hyper parabolic spike - which would briefly trade at new highs before setting up a big rug-pull event.
I explained in a previous post 70K was a critical make or break area. Upon further swing development I still think that's broadly correct but a false breakout could go as far as 65K.
If we get a sharp period of capitulation here I'll be very careful with my shorts. Trailing stops aggressively.
And likely be very bullish around 65K. So long as I can get reasonable stop entries (breaking of this area could mean an out and out waterfall - would not be a fun knife catch if you tried to hold it).
I kinda have a feeling the worst for the BTC drop might be directly ahead of us, but that is also likely the low for the foreseeable future.
Contingent on there being the sharp drop (ideally with news to explain it) and me seeing things I like in the 65K zone I can see me being extremely bullish on this in the coming month.
(BTC) bitcoin "the case for bitcoin"Where is bitcoin going to be during this 2025 year. The image shows a blank canvas. The drawing untold, unknown for now? Where will the price move and how long will it take to move through the pattern, bearish? bullish? neutral? fire? ice? greener pastures? The graph showing what is being seen tends to see a rise in price once the price moves past the crossing of the blue lines but the purple and pink dotted lines are facing down with no indication that the price is moving neutrally in a recovery effort.
Bitcoin Wave Analysis – 3 April 2025
- Bitcoin reversed from resistance level 87785.00
- Likely to fall to support level 78650.00
Bitcoin cryptocurrency recently reversed down from the resistance level 87785.00 (which stopped wave A at the end of March), intersecting with the daily down channel from January and the upper daily Bollinger Band.
The downward reversal from the resistance level 87785.00 will form the daily Japanese candlesticks reversal pattern Evening Star – if the price closes today near the current levels.
Bitcoin cryptocurrency can be expected to fall to the next support level 78650.00 (which has been reversing the price from February).
BITCOIN RISKY LONG|
✅BITCOIN fell down sharply
But a strong support level was hit at 81,200$
Thus as a rebound is already happening
A move up towards the target of 82,800$ shall follow
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
HolderStat | BTC daily digestBitcoin price today ~ FWB:83K (-5% 24h). BTC futures open interest down ~7%, funding +0.006% 📉
Wider market 🌐: Altcoins fell too (ETH -6%, SOL -12%). Sentiment is split – some shout #BuyTheDip, others urge caution.
📰 CoinDesk: Tariff news spooked crypto markets, fueling BTC’s drop. Meanwhile, whales (big holders) bought this dip 🐳 – a bullish sign.
🔍 Analysis: Traders remain cautious, but whale dip-buying shows big players bullish. Expect crypto bulls 🐂 and bears 🐻 to battle it out for now.
_____________________
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Bitcoin will have a breakthrough in the channel!Hello, traders
Bitcoin's wave ((4)) has successfully completed a W-X-Y corrective formation. If Bitcoin manages to decisively break above the key resistance level of 88,826, it could trigger a powerful impulsive rally, potentially driving prices toward the next major targets at 95,250 - 99,508 - 109,176.
Additionally, the parallel channel's lower trendline is offering substantial support, preventing further downside movement. A strong breakout above this channel could significantly enhance bullish momentum, increasing the probability of Bitcoin reaching new all-time highs.
BTC SHORT TP:79,700 02-03-2025Bitcoin is currently displaying a bearish pattern on the 1-hour timeframe, suggesting a continuation of the downward momentum. The projected take profit (TP) for this setup is targeting the 79,500 - 80,000 price zone.
The analysis is based on the lower 1-hour timeframe, which means that if the expected move does not materialize within the next 13 to 19 hours, the trade setup will be considered invalid.
In this case, you could consider opening a short position now and potentially averaging down your entry as the trade progresses. This is a strategy I often employ to maximize profits.
Make sure to follow me closely, as I will keep you updated on the developments and help you generate substantial green profits together.
The market is shaking. But what is Bitcoin doing?Despite today's market turmoil, the crypto world remains somewhat calm with some minor drops across the major cryptocurrencies. At the time of analysis, CRYPTO:BTCUSD is moving slightly lower, but as if it is a regular day for it.
Let's dig in!
MARKETSCOM:BITCOIN
Let us know what you think in the comments below.
Thank you.
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BTC at a Crossroads: Breakdown or Fakeout to 84K?BTC Is At a Pivotal Level — Here's What I'm Watching
We're hovering around 81,300. If that breaks, I’m watching for a move down to 79K. If selling pressure continues, 74K is next. And if that fails, 64K is on the table.
But here’s the flip side — we could dip to around 81,200, hold, and squeeze up to 84K before the real drop begins. This is where traps happen. I’m staying cautious and letting price lead the way.
Kris/Mindbloome Exchange
Trade Smarter Live Better
PSA x2 - Be Patient! Long term buying opportunities will come!Just not yet in my humble opinion. Don't play the "but we've dropped so much already we need to go up again before dropping more" card. That is the easiest way to lose your pants.
Yes, the market might rebound a bit before a further leg lower - that's just how the market and supply and demand works - but don't start buying up every equity that's down 10-20% just because you feel like it's dropped so much. Same thing goes for crypto of course - we have MORE ROOM to the downside! Plenty of it!
Happy Trading :)
Bitcoin- Short term recovery?As you know, I am bearish on Bitcoin in the long term. However, in the short term, the cryptocurrency could see a recovery.
Yesterday, the price tested the 81,000 support zone once again and rebounded from that level. Now, Bitcoin is pushing against the 83,500 resistance, and I believe a breakout is likely.
If that happens, we could see further gains, with 86,500 as the next key target for the bulls.
In conclusion, I’m bullish on BTC in the coming days and will be looking to buy dips.
86K for another short sellMorning folks,
So, not occasionally we said in previous 2-3 updates that BTC action doesn't look bullish and we suggest a new nosedive. Now we have bearish engulfing pattern on weekly chart . And consider these two Fib levels for another short entry attempt. Of course, 86K would be just perfect, but it could start earlier. One of the possible shapes we consider a downside butterfly.
In general, re-test of 70-73K area on average fits to our long-term view.
In a case if 86K will be broken, it could mean that market is tending to 93.5K target, based on daily AB=CD pattern . But we consider this scenario as less probable due on overall BTC heavy performance in a recent few weeks.
Thus, for now, if you want to make a scalp long trade, you could try, but better to set initial target not higher than 86K.
Our major scenario is bearish and we consider 84K and 86K Fib levels for accumulation of a bearish position, unless something extraordinary will happen.
Profit to everybody, Peace.