btcusdtIn this video, I am gonna explain my analysis of Bitcoin price it isn't a financial call for you just my idea if you are risking your money so you will be the responsible right well i wish you best of luck always
BTCUSDT.5L trade ideas
BTCUSDT: Critical Breakout or Breakdown Levels AheadBullish Perspective:
If Bitcoin breaks above the key resistance at $98,085, it may continue its upward movement. A clean breakout and retest of this level could provide a good entry point for long positions, targeting the $103,421 and $108,213 resistance levels. Monitor the RSI for signs of bullish momentum, as a move above 50 could confirm strength.
Bearish Perspective:
If Bitcoin fails to hold the $93,724 support and breaks below $92,628, it could signal further downside. Short positions may be considered with targets near $88,000 and potentially $81,307. Watch for increased selling volume and RSI dipping below 40 for confirmation of bearish momentum.
Bitcoin Must Correct Around 60K Before Any More GrowthIt seems to me like Bitcoin is overdue for a correction, probably to 58K - 65K levels. It seems pretty hard to imagine that it will go much higher until this correction takes place. Stoch RSI looks very heavy on the weekly. It will be interesting to see if alts tank as well, or if this will signal the beginning of alt season. Let's wait and find out.
Crypto Dashboard, set to 5s f/ fast mkts w/ life on lineTHERE ARE NO “TREND LINES” IN CRYPTO, ONLY HORIZONTAL LINES AT 1000 POINT INCREMENTS.
Observe the behavior of both buyers and sellers at 5s-1w magnification to both understand and enter BTC long stop-hunt reversals as well as shorting ETH to-zero with-precise-limit-entries just before the cusps of those 1000-to-0 point 4-second flas crashes.
Multiple purpose .
With Major Liquidity Swept and RSI reset Bitcoin is now going UPIn the last few days, after achieving a new all-time high of $108,000, Bitcoin has experienced a massive dump, liquidating many retail traders using leverage. This market downturn was caused by several factors. First, Bitcoin was severely overbought and overdue for a correction. Second, Jerome Powell added to the market uncertainty by making strong anti-Bitcoin statements, dashing hopes of the U.S. adding BTC to its Federal Reserve reserves.
As a result, the market saw a steep fall, with major altcoins such as SOL and DOGE dropping over 30%.
The Main Question: What’s Next?
Bitcoin is unlikely to go up from here in the immediate term. Instead, it may be better to position for a short targeting the $90-91K range. The market might remain bearish over the Christmas holidays, giving “holiday discount” vibes. It’s not a good idea to buy Bitcoin with leverage at this moment. Waiting until next Monday to reevaluate might be a safer option.
Technical Analysis:
As highlighted, Bitcoin has broken out of an ascending channel and dropped significantly. One of the key technical reasons for this is the overbought RSI. Major resistance is currently around $99.7K , while key support lies between $89.5K and $87.5K . A break below these levels could indicate a strong move in either direction.
The most liquidity is around $92.2K , where Bitcoin is likely to gravitate before making an upward move. Additionally, RSI has hit a support level, which increases the possibility of a bounce from here.
Outlook:
After the holidays and once Bitcoin sweeps the lower liquidity levels, we could see an excellent buying opportunity . There is potential for BTC to reach $118K by the end of January . Moreover, Donald Trump’s inauguration could act as a catalyst to drive Bitcoin’s price higher once again.
Btcusdt29dec24One of the last trades of the year.
Ive identified two points of interest that would potentially be the internal liquidity needed for the market to redistribute pushing price lower
BTC Bitcoin 24hr potterboxBTC Bitcoin 24hr potterbox. Bitcoin is staying inside the parameters of the box. Its on its way back up according to the box. The floor is 94,154.34 ish. Cost basis or the 50 percent line is $100,062.87. If bitcoin reaches the cost basis line it could possibly break thru but there is a lot of volume right around the $97,426.76 mark keeping it down, Consolidating is a term we could use. its getting ready to go to the upside in my opinion over the next couple of weeks to probly a month out. We shall see.
BTC Overall: Consolidation still, endingAs indicated last time, price went below the obvious Range. It didn't quite hit my entry level unfortunately. Overall, while BTC seems somewhat in a precarious place by the look at it, I still maintain we are in consolidation phase, and any drop below the consolidation area will be somewhat quick to recover. This is predicated on the assumption we're still in a bull market, which seems likely given all the evidence.
It seems a slow and halting move up is the most likely outcome from here, just seeing how downside momentum has stalled, RSI indicators have reset somewhat.
I don't think the up move will be immediate. Think it will take more time and be 2 steps forward one back. Market overheated again needs to finish cooling off for the next leg up.
BTC is going downBTC has completed 5 waves and at the end is shaping a Head and Shoulder pattern. If it breaks the neck, it will go down.
$BTC to 30K, 60K or 120K?Let’s not make it complicated. Bitcoin is still bullish overall, BUT it has to reclaim the 100K support for bullish confirmation, In that case 130K would be the target. Or, it fails to break the 100K resistance in another try and there will be the correction phase and the price can go down to 60-65K and if 60K is lost, even to 30K. A correction is going to happen both ways. you have to patient it can take months to happen. the price will surely fall at least to the 60K support for long term bull runs and new HHs.
BTC LOOKS BULLISH FOR A DAY Hi Guys
I can see buyers interest in the market , Btc looks Bullish probably for a day ...
Lets See what happens
Best of Luck
Analysis on BITCOIN (BTCUSDT): should not fall below 90kHI All
bitcoin now is entering the sideway phase after big rally.
So, now the level to look out for is 90000, if one day it close below this level.
I would like to suggest tp or selling or selling some first, it would likely to the next
trend line that i draw (second one).
I wish it dropped to 70k :P
Best regards
Not an investment advice
btcusdt bearishBitcoin broke the bear wedge it had done before. With this breakout, it created an inverted flag formation. After the breakout of this channel, the first target will be the 85k region.
btc - December 2023 fractalThe fractal of December 2023 and the situation on the chart now, in my opinion, are very similar.
On the third chart, I displayed the moving EMA-25 on a 3-Day TF, there you can see that the price falsely broke through it in December 2023 and then began to grow by 80%
Where btc going? Short trade ideaI like this happening right now, the Btc dominance is currently conquering, alts are stable.
BTC in the consolidation areaBitcoin is currently in a consolidation phase, and it may remain in this range for the next couple of weeks. After the consolidation, if Bitcoin can maintain a price above $86k, the upward movement will likely continue. Due to Bitcoin's high dominance in the market, altcoins are likely to follow a similar trend to Bitcoin's. However, if Bitcoin's dominance falls below 55%, a sudden rally in altcoins could begin. CRYPTOCAP:BTC.D BINANCE:BTCUSDT
Bitcoin's current outlook is bullishIn the cryptocurrency market, fundamental factors such as Federal Reserve policies, the growth of the US dollar index, and the amount of liquidity in the market have a direct impact on Bitcoin's movement. A strengthening US dollar can increase selling pressure on Bitcoin.
But if there are signs of a halt to tightening policies or a growth in cryptocurrency adoption, the likelihood of Bitcoin rising increases, especially if institutional demand for Bitcoin increases.
Technically, on the one-hour timeframe, Bitcoin is approaching a strong support range between $92,520 and $93,668. This range could trigger a price reversal, but if it is broken, further declines are expected.
On the upside, key resistances lie at $96,732 (0.5 Fibonacci level) and $99,964. A break above these levels could trigger a new uptrend for Bitcoin.
The Ichimoku Cloud indicates current weakness in the trend, as the price is below the Cloud and the ALLIGATOR lines are also in a bearish mode. However, the price's proximity to the support zone increases the likelihood of a reversal.
#BTC complex consolidation phase📊#BTC complex consolidation phase📊
🧠From a structural point of view, the 4-hour bullish structure still exists and is within the support zone, and the rebound seems reasonable. However, from a graphical point of view, a bear flag seems to have formed here, and there is a possibility of further correction.
➡️Since there is a contradiction, you need to wait patiently for the contradiction to be broken before participating in new transactions. The trading volume is lower on weekends, and the market seems very calm. A proper rest may be a good choice.
Let's see👀
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BITGET:BTCUSDT.P
Price Targets for BTCCup handle from prev cycle compared to this cycles cup and handle. As you can see the cup depth ends up as the height of the peak and the term from confirmed breakout to peak ends up being the measurement of the handle. If that's true for this cycle then we have a peak target within July. But the momentum of peaks may be resistive to that. So here I have three targets that take place within the triangle.
Price targets for btcCup handle from prev cycle compared to this cycles cup and handle. As you can see the cup depth ends up as the height of the peak and the term from confirmed breakout to peak ends up being the measurement of the handle. If that’s true for this cycle then we have a peak target within July. But the momentum of peaks may be resistive to that. So here I have three targets that take place within the triangle.
Can Bitcoin (BTC) reach a new ATH at USD118K?
If you look at the chart, BTC has made a similar rally in January 2021 and January 2024, and if you take into account the height of the cup, the price that BTC can reach may be USD118k!
However, BTC is already at the end of the Bullish Trend if you see that the price has fallen and reached EMA50 (green line). Could it be Bearish? or will the price drop for a while and make an increase to the New ATH at 118K?
BTC LIKE A WHALE trading using our orthodox strategy will see price try to buy 94k based on the ascending trendline and a possible stop at the descending daily trendline .
a breakout of that demand floor will come to the next zone of buy for potential trigger
