As mention in X post on Feb25, BTC chart turn into bearish and same price reflection we saw in chart.
〽️Bearish MACD cross over happen 4 weeks ago damage BTC price and we saw fall till $78256.
As BTC chart al ready give near 27% correction till last week we can see a slow momentum in chart for next 4-6 weeks.
⚠️Weekly RSI also testing Bull market support 44.50. We can expect a bounce from here but breakdown below this area will send BTC is long term bearish cycle.
⚓️Support: $77,000 , $73,000 and $69,000
💡Resistance: $95,000 and $110,000
🟢Bullish Note:💰💰💰
- Global M2 supply increasing
- we are in 2025
- BTC took 30% correction which part of bull market
- Gold Price Near ATH and BTC follow it
- Bitcoin is now part of US Reserve treasury
🔴Bearish Note:
- BTC weekly chart not give sign of recovery
- US Index drop 10% and still not sign of recovery
- Trump Tariffs create lot of uncertainty in market
- This trade war can be long and hurt global economy and market towards recession
⏰Events:
- US CPI : March 12
- FOMC : March 19
📃Conclusion & Possible Scenarios:
🟢Bullish Case: If BTC holds above $70,000-$75,000, it could consolidate and retest all-time highs near $110,000.
🔴Bearish Case: A breakdown below $70,000 could push BTC towards $50,000-$55,000, aligning with previous cycle corrections.
🟡Neutral: Consolidation between $70,000 - $90,000 before another breakout.
🚨FOLLOW FOR QUALITY CONTENT AND AVOID THE NOISE
〽️Bearish MACD cross over happen 4 weeks ago damage BTC price and we saw fall till $78256.
As BTC chart al ready give near 27% correction till last week we can see a slow momentum in chart for next 4-6 weeks.
⚠️Weekly RSI also testing Bull market support 44.50. We can expect a bounce from here but breakdown below this area will send BTC is long term bearish cycle.
⚓️Support: $77,000 , $73,000 and $69,000
💡Resistance: $95,000 and $110,000
🟢Bullish Note:💰💰💰
- Global M2 supply increasing
- we are in 2025
- BTC took 30% correction which part of bull market
- Gold Price Near ATH and BTC follow it
- Bitcoin is now part of US Reserve treasury
🔴Bearish Note:
- BTC weekly chart not give sign of recovery
- US Index drop 10% and still not sign of recovery
- Trump Tariffs create lot of uncertainty in market
- This trade war can be long and hurt global economy and market towards recession
⏰Events:
- US CPI : March 12
- FOMC : March 19
📃Conclusion & Possible Scenarios:
🟢Bullish Case: If BTC holds above $70,000-$75,000, it could consolidate and retest all-time highs near $110,000.
🔴Bearish Case: A breakdown below $70,000 could push BTC towards $50,000-$55,000, aligning with previous cycle corrections.
🟡Neutral: Consolidation between $70,000 - $90,000 before another breakout.
🚨FOLLOW FOR QUALITY CONTENT AND AVOID THE NOISE
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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.