Bitcoin is Showing a New Trend!!!Hey Traders, in today's trading session we are monitoring BTC/USDT for a selling opportunity around 95k, Bitcoin is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 95k support and resistance area.
Trade safe, Joe.
Bitcoin (Cryptocurrency)
Bitcoin can bounce from support line of channel to 98500 pointsHello traders, I want share with you my opinion about Bitcoin. Looking at this chart, we can observe how the price of Bitcoin has been in recent price action. The asset had been confidently moving inside an upward channel, building structure through higher highs and higher lows. Each upward impulse was supported by pullbacks to the support line, showing continued buyer pressure. The latest breakout above the support area confirmed a bullish continuation, and the price entered the seller zone, where it faced resistance. Despite multiple attempts to break through, the price repeatedly turned around, forming a tight triangle pattern within the upper boundary of the channel. Currently, the price has broken down from the triangle, but it still holds above the channel's lower line. Given that the channel remains intact and there's no strong breakdown of the structure, I expect the price to rebound from the lower boundary and continue climbing toward my TP 1 at 98500, which aligns with the resistance line of the channel. Please share this idea with your friends and click Boost 🚀
BTCUSD INTRADAY sideways consolidationThe BTC/USD pair maintains a bullish overall sentiment, underpinned by a sustained upward trend. However, recent intraday price action suggests a phase of sideways consolidation, indicating a potential buildup before the next directional move.
Key Levels:
Support: 90,880 (primary), followed by 88,800 and 87,070
Resistance: 98,940, with extended targets at 101,030 and 101,100
A corrective dip toward the key support zone at 90,880 could offer a bullish rebound opportunity. A successful bounce from this level would reinforce the uptrend and pave the way for a test of the 98,940 resistance. A breakout above this level may open the door to further gains toward 101,030 and 101,100 over the longer term.
Conversely, a decisive break and daily close below 90,880 would invalidate the bullish setup, potentially triggering a deeper pullback toward the 88,800 and 87,070 support levels.
Conclusion:
While the broader trend remains bullish, BTC/USD is currently consolidating. Traders should watch the 90,880 support closely—its defence may confirm trend continuation, while a breakdown could signal a short-term bearish reversal.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
HelenP. I Bitcoin may continue to grow inside upward channelHi folks today I'm prepared for you Bitcoin analytics. After bouncing from the lower boundary of the ascending channel and reacting strongly from the support zone near 92000, the price continues to respect the bullish structure. This level, which also aligns with the dynamic trend line, has acted as a powerful area of interest for buyers. Every touch to the trend line has resulted in a reversal to the upside, and this time may be no different. Previously, we saw a clear upward impulse that formed the base of the current trend channel. Then the market entered a consolidation with smaller pullbacks and held the 93000 zone with confidence. The recent retracement toward the trend line and support area is forming a higher low, which confirms buyer strength and sets the stage for another bullish leg. Given the strong support zone, the presence of an upward channel, and the steady bullish structure, I expect BTC to resume its upward move. My current goal is 99000 points. All elements signal bullish continuation. If you like my analytics you may support me with your like/comment ❤️
BTC Range Bound | Breakout Imminent ?👀 Welcome to my Trading View Analysis and Trading Channel Here , we share the latest market analysis, trading signals, and key insights together .
Ready for smarter trades ? ⭐️
⚡️Today , we're going to analyze the BTC( BitCoin) coin together on the daily timeframe and find triggers for our positions .
📊✨ Bitcoin 4H Technical Analysis & Weekly Outlook – May 6, 2025
🔸 BTC is currently trading within a consolidation range between $97,325 and $93,780, indicating a potential accumulation zone before the next major move. 🌀
🔍 Key Technical Levels:
📈 Resistance: Break above $97,325 could trigger a long entry, suggesting bullish continuation. 🚀
📉 Support: Drop below $93,780 may activate a short setup, signaling bearish pressure. ⚠️
📐 Indicators Breakdown:
🔹 EMA 100 & 200: Positioned below price, supporting the bullish bias. 🟢
🔹 EMA 50: Currently sitting above the 4H candle, posing short-term resistance. 🔴
📉 Volume: Noticeable decline, showing market indecision – a common pre-breakout signal. 📊
📌 Key Pivot: A candle close above $94,021 would validate it as strong support. 🧱
📰 Positive Market Developments:
🏦 Morgan Stanley plans to offer spot BTC trading via E*Trade – institutional adoption accelerating. 📈
🏢 Strategy (MicroStrategy) signals further Bitcoin accumulation – corporate trust remains strong. 💼
💰 Over $1.8B flowed into U.S. BTC ETFs last week – investor appetite is growing rapidly. 🧲
📈 Analysts forecast BTC reaching $120K–$200K by end of 2025 – fueled by macro trends & halving cycle. 🌕
💡 Final Takeaway:
🔐 Bitcoin continues to prove itself as a valuable long-term asset, backed by rising institutional interest, robust on-chain fundamentals, and strong technical signals. 🌟
📊 Triggers for both long and short positions are clearly marked on the chart – stay sharp and manage risk! 🎯
I love you all so much . 👀
don't forget about capital management and risk management .
Be careful with your positions . 🥇
BTCETH parabolic run pointing towards 100:1Historically, during bull markets, Ethereum frequently surpassed Bitcoin at various moments.
However, this time around, that trend has not materialised, leading to a decline in investor confidence.
With capital exiting the ETH market, sentiment has soured, and critical indicators are revealing significant losses.
Unless a robust bullish turnaround occurs, Ethereum's struggle may persist, as the market currently favors Bitcoin as the more secure option.
However once this parabola breaks, we could see a strong snap back reaction in favour of the more riskier #ALTS, #DEFI and #MEMES as #ETH is still the home for stablecoin issuance and still the most trusted secure smart contract blockchain available.
TradeCityPro | Bitcoin Daily Analysis #83👋 Welcome to TradeCity Pro!
Let’s dive into the Bitcoin analysis and key crypto indices. As usual, I want to review the triggers for the New York futures session.
🔍 Today, I’ll provide the analysis in the 4-hour timeframe, since not much has changed on the 1-hour chart compared to yesterday, and it's better to take a slightly longer-term look at the chart.
⏳ 4-Hour Timeframe
As you can see in the 4-hour chart, we have an upward leg that started from the 84,000 zone and extended to 97,108. Currently, it's ranging between 93,626 and 95,370.
✔️ The main market top lies at 97,108, but the price has formed a range slightly lower, with 93,626 acting as support.
⚡️ There's a strong divergence visible in the RSI — while Bitcoin has formed three consecutive higher highs, RSI has printed lower highs. This divergence was activated when RSI broke below 50, and the price corrected to 93,626.
📊 In my opinion, the market has now digested the divergence, but the impact it had was a correction down to this level. If 93,626 breaks, deeper corrections could follow.
✨ The 93,626 zone overlaps with the 0.236 Fibonacci retracement and forms a PRZ. If this level breaks, we can open a short position. I open this kind of trade in lower timeframes as a scalp and take quick profits, since it’s counter-trend.
🔽 The maximum short-term target I expect for this trade is the 91,945 area. It's possible that the price corrects further or even reverses trend, but it's not logical in my strategy to hold these kinds of trades longer.
🔑 The key supports ahead are 91,945 (which overlaps with 0.382 Fibonacci), and further down are the 0.5 and 0.618 Fibonacci levels.
📈 For a long position, breaking 95,370 is currently the best trigger. You can also enter on a break of 97,139, but there's strong resistance at 98,828 that could halt the upward move.
🔼 If the price corrects and reaches 91,945, you can consider a long entry based on the price’s reaction to the supports I mentioned.
👑 BTC.D Analysis
Let’s move on to Bitcoin dominance. On the 4-hour chart, there’s an ascending channel where price is moving, with multiple touches. Right now, it’s testing resistance at 64.91.
☘️ If this level breaks, dominance could move up to the top of the channel. There’s also a very important static resistance at 65.59. If price reaches this area, we need to watch its reaction.
📅 Total2 Analysis
Now onto Total2. Similar to Bitcoin, it had a bullish leg, but corrected more deeply — down to the 0.382 Fibonacci retracement, and now it’s at the 1.01T support.
⭐ If this zone breaks, the next supports are at the 0.5 and 0.618 Fibonacci levels. There’s also a strong support at 980B, and the major bottom is at 932B.
📉 For a short position, breaking 1.01T is suitable. For a long position, a bullish reaction from this same area is a good trigger. The main long trigger is the break of 1.05T.
📅 USDT.D Analysis
Let’s move to Tether dominance. This indicator has reached a major top at 5.19. If this level breaks, it can move upward.
👀 If it breaks, the next resistance is 5.37. This move would coincide with a market correction or drop.
📊 To confirm a bearish Tether dominance (bullish market), rejection from 5.19 is a good trigger. The main trigger is still the break of 4.99.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
BTCUSD Possible Move May 6th 2025🔻 BTC/USD – SHORT SIGNAL & ANALYSIS
📉 Signal:
Sell BTC/USD below 94,000 after a confirmed break and retest of the ascending trendline.
Target: 93,000 liquidity zone
Stop Loss: Above 94,400 (or structure high after retest)
Risk/Reward: Approx. 1:2+
📊 Analysis:
Price has been in a descending channel, followed by a corrective structure forming higher lows.
Currently testing a rising trendline, suggesting weakening bullish momentum.
Clean liquidity pool rests around 93,000, likely to be targeted if structure breaks.
Expected flow:
Break below 94,000 trendline
Retest the trendline as resistance
Continuation to 93,000 demand/imbalance area
🧠 Trade Idea Summary:
This setup aligns with bearish market structure and liquidity concepts. A breakdown from the trendline would confirm bearish intent, with 93,000 as the next logical draw on price.
BITCOIN Climbing the Fibonacci Staircase..Bitcoin (BTCUSD) has come into the Fed Rate Decision week stronger that ever, having staged an impressive rebound from the early-April Low. The consolidation of the last few days is of course a market reaction in anticipation of the big interest rate news.
Regardless of that, the Channel Up that is the underlying pattern from the start of this Bull Cycle has been filling on an impressive symmetrical scale all .382 Fibonacci extensions one by one. The most recent has been the 4.382 and naturally the next in line is the 5.382 Fibonacci extension.
Since the last one (4.382) was almost hit before the price pull-back, it would be more fitting to assume the next peak slightly below the 5.382 Fib ext as well as $170000.
This may very well be the final High i.e. the Cycle's Top before the next Bear Cycle begins, depending on the time it hits it.
Do you think that would be the case? Feel free to let us know in the comments section below!
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btc . may . w1 . waiting for lower pricesThe squeeze of shorts saw MayOpen pump through the resistance zones finally.
Friday 2pm, gave us the ladder entry to SHORT an SFP just before the weekend.
short . entry . 97368 . tp1 taken . ride the trend
Monday showed no volatility, no trades taken.
Too low to SHORT, too soon to LONG. I'd rather:
SHORT higher - add to position size.
cmVAL . pw0.5 . pwVwap
entry . 95347
tp1 . 90216 . +5.3%
tp2 . 88600 ish . +7%
LONG intraday
cwLow around 2pm and ride this for an intraday LONG into entry SHORT
entry . 93454
tp1 . 95347 . +2%
KASPER - THE GHOAST OF KASPA (TA + TRADE PLAN) BY BLAŽ FABJANTechnical Analysis for KASPER (KASPER/USDT) by Blaž Fabjan
Trend Analysis:
The chart indicates a rising wedge pattern on the horizon, a bearish reversal signal, which suggests a potential downward price movement after the completion of the pattern.
The price is currently in a consolidation phase, with a series of lower highs and higher lows within the wedge structure.
Support and Resistance Levels:
Resistance: The price has approached a resistance zone around the Wick High level, which indicates selling pressure in this area. A breakout above this resistance level could lead to a continuation of the upward trend.
Support: The Strong Low zone is acting as the lower support for the current price action, with buyers attempting to defend this level.
Indicators:
RSI (Relative Strength Index): Currently at 82.43, which is in the overbought territory, indicating that the asset may be overextended and susceptible to a pullback or correction.
MFI (Money Flow Index): The current MFI reading suggests an inflow of capital into the asset, indicating that the buying pressure is strong. However, if the price hits the overbought region, it could signal a reversal.
Stochastic: The stochastic oscillator is at 96.19, indicating that the price is in an overbought condition and might be due for a pullback or consolidation in the short term.
VMC Cipher B Divergences: The indicator is showing bullish divergence at the recent lows, suggesting that buying pressure could continue, but it needs to be validated by a breakout above resistance.
Volume:
The volume is gradually increasing, which is a positive sign for the continuation of the trend. However, volume spikes during a breakout are crucial to confirm the trend's strength.
Trading Plan for KASPER (KASPER/USDT)
Key Entry Levels:
Breakout Entry: If the price breaks above the resistance zone near 0.00001000, consider entering a long position. Set the take profit target at around 0.00001500 (strong bullish continuation level) for a potential 50% price increase.
Reversal Entry: If the price fails to break the resistance and starts falling towards the Strong Low support level near 0.00000500, consider entering a short position. A move below the Strong Low could signal a reversal of the current uptrend.
Stop-Loss and Risk Management:
Long Position Stop-Loss: Set a stop-loss just below the Strong Low (around 0.00000450) to protect from a sudden price drop. The stop should be tight as this asset is volatile.
Short Position Stop-Loss: If entering a short position, place the stop-loss above the resistance level at 0.00001050 to minimize losses in case of a breakout.
Target Levels:
Short-Term Target (Bullish): If the breakout occurs, consider targeting a price of 0.00001500 based on the rising wedge pattern's projected price target.
Short-Term Target (Bearish): If the asset fails to hold above the support zone and breaks lower, target the 0.00000350 level as the next potential support area.
Trading Psychology:
Patience: This is a volatile asset, and it's important to wait for clear confirmation of a breakout or breakdown before entering the trade.
Risk-Reward Ratio: Aim for a 1:3 risk-reward ratio, which ensures you are risking less compared to the potential reward on each trade.
Monitor Indicators: Regularly monitor the RSI, Stochastic, and MFI for overbought or oversold signals. Additionally, follow volume patterns closely to gauge market momentum.
Exit Strategy:
Exit the position once price targets are reached or if indicators show signs of an exhaustion or trend reversal (e.g., RSI turning downward from overbought levels, stochastic crossing down).
Given the current chart formation and technical indicators, KASPER could be poised for a breakout to the upside, but there is a high risk of a correction given the overbought conditions.
Caution is recommended: monitor price action closely and adjust your strategy accordingly to avoid entering too early in a rising wedge or an overbought market.
KASPY COULD BE THE NEXT BIG THING (TA+TRADE PLAN)Technical Analysis of KASPY (KASPY/USD) BY BLAŽ FABJAN
1. Price Action & Trend Structure:
Falling Wedge (Red Zone): The chart shows a classic falling wedge pattern, a bullish reversal formation. This indicates that the downtrend has slowed down, and a breakout could be imminent.
Descending Triangle (Top Right Zone): This descending triangle formation suggests consolidation near resistance. If KASPY breaks out above the horizontal line of the triangle, a move towards higher targets can be expected.
2. Key Support and Resistance Levels:
Bottom 1 (Green Box): A significant support zone that previously bounced the price upwards. This zone should hold if the price tests it again.
Bottom 2 (Green Box): Another crucial support level showing a potential buying area. This could act as a safety net in case the market dips.
Resistance Levels (Red and Blue Targets): The upper red zone represents significant resistance, where the price might face selling pressure. The chart shows targets aligned with these resistance zones.
3. Technical Indicators:
VMC Clipser (B Divergences): The indicator shows mixed signals with a divergence in the upward movement, suggesting potential reversal or continuation. The positive divergence is noted with green arrows indicating buying opportunities.
RSI (Relative Strength Index): RSI is at 50.97, indicating neutral market conditions. It is not overbought or oversold, which suggests that there is room for price action in either direction.
Money Flow Index (MFI): The MFI value is 54.13, which confirms that there is moderate buying interest. MFI values above 50 suggest positive money flow, supporting potential upside movement.
Stochastic Oscillator: The stochastic oscillator shows a level of 21.93, indicating an oversold condition. This could signal an upward bounce as the market may be ready to reverse.
4. Market Sentiment & Time to Bounce:
The chart annotation “Time to Bounce” suggests a potential upward price movement after consolidating within the rectangle and descending triangle formation. The market sentiment appears to favor a bullish breakout.
Trading Plan
Entry Points:
Primary Entry: If KASPY breaks above the upper boundary of the descending triangle, targeting the breakout point at around 0.0000020 (upper resistance zone), this could be the ideal entry point for a bullish trade.
Secondary Entry (Bounce Play): If the price approaches the support areas (Bottom 1 or Bottom 2), consider entering long positions as the price bounces upward off these zones. The oversold conditions in the stochastic oscillator provide confidence for a potential bounce.
Target Levels:
Target 1: Around the upper red zone resistance (0.0000020), which has already been marked as a target in the chart.
Target 2: The second resistance zone at 0.0000025, aligning with the overall market conditions.
Long-term Target: A breakout could send the price higher to 0.0000035 (or higher), depending on the strength of the breakout.
Stop Loss & Risk Management:
Stop Loss: Place stop loss orders below the support level (around 0.0000015) to minimize losses if the price fails to hold at support. A tighter stop loss could be placed just below the bottom of the falling wedge.
Risk-to-Reward Ratio: Aim for at least a 3:1 risk-to-reward ratio for this trade, ensuring that the potential profit justifies the risk taken.
The KASPY chart shows a favorable setup for a potential bullish move, with a falling wedge pattern and a descending triangle indicating a possible breakout. Key indicators support this outlook, with neutral RSI and a favorable stochastic reading. The trading plan includes strategic entry points, realistic target levels, and prudent risk management.
BTC - Golden Pocket test & what comes next?Bitcoin (BTC) has been steadily recovering from its January correction, entering a promising uptrend that has now brought it to a crucial technical juncture: the Golden Pocket Fibonacci zone, which lies between the 61.8% and 65% retracement levels. This area is widely watched by traders, as it often serves as a springboard for either significant reversals or continuation of the trend.
4H timeframe
On the 4H timeframe, BTC recently formed an ascending triangle, a classic bullish continuation pattern. The price managed to break above the triangle’s resistance, but it failed to hold above this level, closing back below the breakout zone. This lack of follow-through signals weakness and suggests that a short-term pullback could be imminent.
Daily timeframe
Turning to the daily chart, the situation becomes even clearer. After reaching the Golden Pocket, BTC printed a bearish engulfing candlestick, a strong reversal signal. The subsequent price action saw BTC break below both the 4H support and a daily FVG, further strengthening the case for a deeper correction or trend reversal. If this downward momentum continues, the next major support zone is likely between $89,000 and $91,000. This area marks an imbalance created during the previous rally and is a natural target for buyers to step in.
However, the bullish scenario is not entirely off the table. If BTC can reclaim and hold above the Golden Pocket, it would signal a resumption of the uptrend, with the next key target being the psychologically significant $100,000 level. For now, though, the technical structure suggests that a retracement toward the $89–91k zone is more likely before any attempt at new highs.
Conclusion
In summary, Bitcoin’s recent test of the Golden Pocket Fibonacci zone has resulted in a short-term rejection. The immediate outlook is cautious, with a likely retracement toward $89–91k. Traders should watch closely for confirmation signals in both price action and volume before making new commitments. A successful hold above the Golden Pocket would open the door for a rally toward $100,000, but for now, patience and careful observation are advised.
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Will risk-on sentiment continue to fuel Bitcoin's rally?
President Trump stated that he is open to reducing tariffs on China and that negotiations with key partner countries are progressing smoothly. However, he also revealed via social media that he has ordered a 100% tariff on certain foreign-produced films, signaling that tariff risks remain.
The ISM Services PMI for April came in at 51.6. New orders rose to 52.3, marking the highest level this year, while prices paid continued to climb for a fifth consecutive month, reaching the highest level since January 2023.
BTCUSD is consolidating between the two EMAs after breaking below the lower boundary of the ascending channel. The price is awaiting a fresh trigger to resume its uptrend. If BTCUSD falls below the EMA78, the price may decline further toward the support at 91000. Conversely, if BTCUSD re-enters the ascending channel, the price could gain upward momentum toward the resistance at 98500.
Starknet - Incoming Reversal?Starknet has been on a consistent downtrend. Its about time we finish this wave structure where we will see an impulse finish of Wave c.
Looking for the 5th wave to finish to sweep the low. However, the pullback seems very deep in that micro structure so its also likely we don't get that sweep. As long as we close below that wick from the green box and we can consider 5th wave to be done.
Bitcoin Ultra-Bullish Now! Ignore Short-Term Noise, Focus!Very important right now to stay focused and true to your commitment of holding Bitcoin (Crypto-Altcoins) long-term. It is very important because a major rise is in the making and letting go of your position now can be detrimental to your success.
Did you notice, Bitcoin has not produced three consecutive days red since the 7-April market bottom and low. Very interesting. When Bitcoin was coming down, it produced many three days red sessions, now that we are bullish—bullish now not once. This is a strong revealing signal.
Bitcoin will continue growing and as it grows the Altcoins will follow. Marketwide bullish action is happening now today all across.
Feeling any doubt, any worries?
Don't worry. No need to doubt, Bitcoin is going up and has been going up now for an entire month. What more can you ask for?
Bitcoin has been rising since 7-April the same for the Altcoins. The Altcoins closed four weeks green Bitcoin is the same. That is a strong recovery if you ask me but asking, knowing you, it is enough for you to rest easy and be prepared to hold long-term, why? Because the market is set to grow in proportions not seen before. With interest rates going lower this will definitely support the 2025 bull market that we've been waiting for and the recovery and low that is already confirmed.
» Bitcoin trading above $90,000 is ultra-bullish.
» Bitcoin trading below $95,000 is a very, very strong buy. You can even buy with leverage because lower prices are hard as whales are watching, waiting and buying everything that anybody wants to sell. With whale-buying working as support, the low is already in, when the buying is over liquidity hunt will happen up, toward resistance.
Billions of short traders will be liquidated once again but that is their choice, they are remaining clueless to all the signals the market offers and shares. Trading easy above 90K, several weeks closing green, the Altcoins market producing strong gains and even when there is a retrace many stay green. Classic—classic bull market dynamics. Are you with me?
Just a friendly reminder. Focus on what we know will happen next. Bitcoin closed two days red is that a big deal? Enough to shake you out? No! You are ready to hold, you are ready to grow I am ready for the 2025 bull market.
It is happening now.
Thank you for reading.
Namaste.
BTCUSD: 1H Death Cross might be dangerous but expect $100k if inBitcoin remains bullish on its 1D technical outlook (RSI = 61.614, MACD = 2557.800, ADX = 37.923) despite the correction since Friday's high. This is because the underlying pattern is a Bullish Megaphone which just bottomed. On the other hand, the 1H timeframe just formed a Death Cross. If this is invalidated and the price remains inside the Bullish Megaphone (also see that the 1H RSI is on a Bullish Divergence), we can see $100k on the next leg up (1.5 Fib extension like the 2 HH before). If the Bullish Megaphone breaks, testing the 1D MA200 at least, is veyr likely.
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ALERT: ALT SEASON INCOMING? 🚨 ALERT: ALT SEASON INCOMING? 🚨
Take a close look at the BTC/ETH chart — we’re seeing early signs of a major rotation out of Bitcoin and into Ethereum and altcoins. Historically, when the BTC/ETH ratio starts to fall, it's a clear signal that capital is flowing into altcoins, marking the beginning of alt season.
🔍 The ratio is showing bearish divergence and approaching a key support zone. If this level breaks, ETH is likely to outperform BTC significantly — and we all know what follows: altcoins explode.
📉 BTC dominance is stalling, ETH gaining strength, and altcoins are waking up. The market is shifting. Don't get caught late.
🚀 Get ready. The alt season might just be starting now.
#AltSeason #Crypto #BTC #ETH #TradingView #CryptoTrends
BTC | WHY Bitcoin is BULLISH | 2021 Fractal5 reasons why I say BTC is on it's way to a new ATH (All Time High) :
✅1️⃣ Support zone reclaimed
BTC has successfully reclaimed the support zone ABOVE the neckline resistance, a topic that I've been discussing over the past two weeks. If you'll recall, I pointed out either 70k or 90k. We have our answer:
✅2️⃣ Trendlines
Trendlines are BULLISH as BTC continues to make highger lows, a key indication of bullish sentiment even when a pullback is present:
✅3️⃣ Moving Averages
BTC has reclaimed ALL moving averages in the daily, a bullish indication:
✅4️⃣ Trend Based Indicators
A bullish flash in the weekly is a strong sign:
✅5️⃣ Fractal
It's possible that BTC plays out similarly to the previous ATH fractal from 2021:
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BINANCE:BTCUSDT