Last week Bitcoin and the whole crypto market dumped like crazy, but on Sunday at the start of March, the crypto market was resurrected from the abyss! After Trump's post, the crypto market pumped in a very short period of time. But let's take a look at the technicals.
The price dropped below the rectangular range but then pumped back into the range. What does it tell us? Usually, what we want to see is a breakdown of the range, retest, and continuation to the downside. In this case, the price failed to retest the range and instead went back to the range, which is a sign of strength. Currently, we want to look for a good price to buy BTC for the final stage of the bull cycle. I expect this bullish cycle to end in Q3 2025, around September.
The price of Bitcoin is inside this huge ascending parallel channel on the daily chart, and as long as this channel holds, we have to be bullish. Let's take a look also at the weekly timeframe. What we can see here is a bullish hammer with an extremely long wick (reversal candle). The price also got rejected from the 20-weekly moving average.
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
The price dropped below the rectangular range but then pumped back into the range. What does it tell us? Usually, what we want to see is a breakdown of the range, retest, and continuation to the downside. In this case, the price failed to retest the range and instead went back to the range, which is a sign of strength. Currently, we want to look for a good price to buy BTC for the final stage of the bull cycle. I expect this bullish cycle to end in Q3 2025, around September.
The price of Bitcoin is inside this huge ascending parallel channel on the daily chart, and as long as this channel holds, we have to be bullish. Let's take a look also at the weekly timeframe. What we can see here is a bullish hammer with an extremely long wick (reversal candle). The price also got rejected from the 20-weekly moving average.
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Trade active
As I said in the article - "Currently, we want to look for a good price to buy BTC for the final stage of the bull cycle." The price dropped to 83,000 USDT, which is a great price to buy! I recommend buying right now and preparing for the 2025 bull market.Trade closed manually
A lot of people think that we will go to 70k, I don't think so! Yes, we will go there, but in 2026, bear market. First, Bitcoin should hit at least 125,000 USDT. A crash to 50k or 60k will follow.
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💡Join my VIP group (signals, my trades)
xanrox.org/premium
✅Buy and trade crypto here:
crypto.com/exch/xanrox
✅Trade futures with 0.00% fees + no KYC:
promote.mexc.com/a/ylYMCwor
xanrox.org/premium
✅Buy and trade crypto here:
crypto.com/exch/xanrox
✅Trade futures with 0.00% fees + no KYC:
promote.mexc.com/a/ylYMCwor
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.