1. Support & Resistance Levels
Resistance Zone (~87,000 - 88,000): BTC recently rejected from this zone, showing selling pressure.
Current Price (~83,522): Trading near a key level, with recent bearish momentum.
Support Levels:
82,450: A short-term support zone where price may react.
78,764: A major support level if the price continues downward.
2. Market Structure & Trend
BTC saw a strong bullish rally up to 87,000 before a sharp decline.
A lower high formation indicates possible trend reversal.
Price currently consolidating between 84,713 and 82,450.
A break below 82,450 could trigger a bearish move toward 78,764.
3. Candlestick Pattern & Price Action
Large bearish candle from 87,000 suggests strong selling pressure.
Price formed a bearish rejection wick, confirming resistance.
Expect a pullback toward 84,500 before further downside.
4. Potential Scenarios
Bearish Scenario: Rejection from 84,500 → Break below 82,450 → Drop towards 78,764.
Bullish Scenario: If BTC reclaims 84,500, it could retest 87,000.
Resistance Zone (~87,000 - 88,000): BTC recently rejected from this zone, showing selling pressure.
Current Price (~83,522): Trading near a key level, with recent bearish momentum.
Support Levels:
82,450: A short-term support zone where price may react.
78,764: A major support level if the price continues downward.
2. Market Structure & Trend
BTC saw a strong bullish rally up to 87,000 before a sharp decline.
A lower high formation indicates possible trend reversal.
Price currently consolidating between 84,713 and 82,450.
A break below 82,450 could trigger a bearish move toward 78,764.
3. Candlestick Pattern & Price Action
Large bearish candle from 87,000 suggests strong selling pressure.
Price formed a bearish rejection wick, confirming resistance.
Expect a pullback toward 84,500 before further downside.
4. Potential Scenarios
Bearish Scenario: Rejection from 84,500 → Break below 82,450 → Drop towards 78,764.
Bullish Scenario: If BTC reclaims 84,500, it could retest 87,000.
Trade active
Fundamental Analysis1. Macroeconomic Factors
US Interest Rate Policy: Recent statements from the Federal Reserve suggest possible rate cuts later in 2025. Lower interest rates could lead to increased liquidity in crypto.
Stock Market Correlation: Bitcoin often correlates with the NASDAQ and S&P 500. If traditional markets remain stable, BTC may see support.
2. Bitcoin-Specific Fundamentals
BTC ETF Demand: The approval of Bitcoin ETFs has increased institutional buying. However, inflows have slowed in recent weeks, affecting price momentum.
Halving Cycle (April 2024 Impact): Historically, Bitcoin tends to rally post-halving. The long-term outlook remains bullish despite short-term corrections.
On-Chain Data: Exchange reserves are decreasing, suggesting accumulation. However, whale selling in the past week has led to a correction.
3. News & Sentiment
Regulatory Developments: Any negative crypto regulations (e.g., US SEC policies) could impact short-term sentiment.
Geopolitical Uncertainty: Events like the Russia-Ukraine war and Middle East tensions can increase market volatility.
Conclusion
Short-Term Bias: Bearish below 84,500, with a possible drop to 78,764.
Long-Term Bias: Bullish post-halving, assuming no major negative news.
Key Levels to Watch: 82,450 (support), 84,500 (resistance).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.