Bitcoin Tests Key Support: Eyes on $103KBitcoin is technically bullish in the 4-Hour chart. However, it gave up bullish move from the last days and is now testing the key support zone near $103,033.
1. A pullback to retest the $103,032 with a dip below it, followed by a strong rebound above this level will push Bitcoin price towards $108,550 (dashed green projection).
2. A decisive move towards $108,550 and breakout with confidence could pave the way for further upward momentum towards $113,692(solid green projection).
3. If Bitcoin fails to hold above $103,032 and breaks below this level without a swift recovery, it could indicate a loss of bullish strength and Bitcoin chart will turn to neutral. This may trigger increased bearish activity, leading to sideways movement or a potential decline toward the $99,108 support level (red projections).
Bitcoinanalysis
Bitcoin Roadmap==>>Short-termWith the start of the new week and the good news that came during the weekend , Bitcoin ( BINANCE:BTCUSDT ) began to pump again and successfully created a new All-Time High(ATH) .
Bitcoin has already managed to break the Resistance zone($104,280-$103,340) .
According to Elliott's wave theory , Bitcoin seems to be completed wave 4 ; we should wait for Bitcoin to rise again . The structure of wave 4 is of the Double Three Correction type(WXY) . Bitcoin is currently completing wave 5 .
Also, USDT.D% ( CRYPTOCAP:USDT.D ) managed to break the Support lines and the Support zone(4.00%-3.90%) ( on the chart it is currently the Resistance zone ) and we have to wait for another attack on the Next Support zone(3.82%-3.77%) . A drop in USDT.D% can make Bitcoin rise .👇
I expect Bitcoin to start rising again after the completion of microwave 4 of wave 5 . Bitcoin's Targets can be :
🎯 $107,320 - $106,967 🎯
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Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
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Next BTCUSD buy ZoneI am going to assume that the US dollar is increasing in value until we get to the debt ceiling decision. I am expecting a move up to and perhaps beyond the $103-$104 area.
If this happens I have to assume that the BTCUSD will come tumbling down into my next buy zone. If we don't take out the next weekly level, this will be a great buying opportunity. But some sort of confirmation will be needed.
Bitcoin Analysis ==>>Ready for Correction!!!Bitcoin ( BINANCE:BTCUSDT ) is moving in the Resistance zone($102,280-$101,000) . (We saw the fake break ).
According to the theory of Elliott waves , it seems that Bitcoin has succeeded in completing 5 impulsive waves , and we should wait for corrective waves .
Signs of the completion of the main wave 5 in the one-hour time frame:
1-BTC broke the Uptrend lines .
2- Shooting Star Candlestick Pattern formation
3- Regular Divergence(RD-) between Consecutive Peaks.
I expect Bitcoin to fall to at least the Support zone($99,600-$98,000) in the coming hours .
⚠️Note: If Bitcoin goes above $102,540, we should expect a new All-Time High(ATH).⚠️
⚠️Note: If the Support zone($99,600-$98,000) is broken, we should wait for Bitcoin to fall at least to $96,500.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
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Bitcoin will make the New ATH!?Bitcoin ( BINANCE:BTCUSDT ) is moving near the Support zone($99,600-$98,000) and has managed to break the Resistance lines .
Regarding Elliott wave theory , Bitcoin completed a corrective wave as I expected .
I expect Bitcoin to rise to at least Resistance zone($102,280-$101,000) and if the Resistance zone breaks , we can hope for a new All-Time High(ATH) soon .
⚠️Note: if BTC goes below the Support zone($99,600-$98,000), we can expect more dumps. ⚠️
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
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Bitcoin Analysis==>>FallingBitcoin ( BINANCE:BTCUSDT ) is breaking the Support zone($99,600-$98,620) and the lower line of the Descending channel .
According to the theory of Elliott waves , Bitcoin was able to complete Double Three Correction(WXY) .
I expect Bitcoin to fal l at least as far as the width of the descending channel(broken) .
⚠️Note: We can expect more pumps if Bitcoin goes over $99,900. ⚠️
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
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Do not forget to put Stop loss for your positions (For every position you want to open).
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BIT scours a new highsAfter the prices slightly down searching for a support, it gained a good momentum from the bullish channel bottom board to rise again scouring a new high at 103.620.
The Main direction for the medium and long periods remains bullish and it may scour new highs around 106.880 area, But that relay on the stability of the channel's bottom line.
As if the price was able to break through that line it may search for more supports then
NOTHING !!There's not much left until $100K and we will see $125K in the new year.
Give me some energy !!
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Bitcoin will go DOWN by H&S Pattern!!!Bitcoin ( BINANCE:BTCUSDT )started to rise after every positive news over the past days, but then started to fall again . Did you see the negative news that did not come !?
Bitcoin is moving in the Support zone($95,600-$93,200) and Descending channel .
The rise and fall of Bitcoin over the past 5-6 days has managed to form an Head and Shoulders Pattern . (in terms of Classical Technical Analysis ).
Since BTC.D% ( CRYPTOCAP:BTC.D ) started to fall from the Heavy Resistance zone(63.30%-57.10%) and after breaking the lower line of the ascending channel , we can confirm that Bitcoin's dominance on the crypto market can end for a while. If the cryptocurrency market wants to have a correction , Bitcoin can experience a further correction. If the crypto market wants to experience an increase again, we can say that we have entered the Altseason .👇
I expect Bitcoin to fill the CME Gap($93,835-$93,720) AFTER breaking the Head and Shoulders Pattern's Neckline and Support zone($95,600-$93,200) and then decline to at least the H&S pattern's target(around $91,000) .
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
⚠️Note: If Bitcoin goes above $96,800, we can expect Bitcoin to rise again to the resistance lines.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
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Do not forget to put Stop loss for your positions (For every position you want to open).
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Bitcoin- Very risky sell, or wait to buy at 85kLast week, Bitcoin came tantalizingly close to the significant milestone of $100,000 but fell just shy of breaching it. After this near miss, the cryptocurrency experienced a minor correction. Yesterday, Bitcoin tested the $100,000 level once again, only to retreat once more, indicating a persistent struggle to decisively break through this psychological barrier.
Like many traders, I am anticipating a more substantial correction in the near term. One potential strategy could involve selling around the $97,000 level, assuming Bitcoin retraces upward before a deeper pullback.
However, this is undeniably a high-risk trade for two reasons.
First, selling at this level goes against the prevailing bullish trend.
Second, with so many market participants eyeing a correction, there’s a risk that the anticipated move might not play out as expected.
A safer and potentially more rewarding approach could be to wait for a more pronounced correction, targeting a buy around the $85,000 level.
This strategy would align with expectations of a continuation of the broader upward trend, with Bitcoin eventually breaking past $100,000.
If the correction materializes, this level might offer a solid entry point to capitalize on the next leg of the rally.
Will Bitcoin's price reach 245K?The time frame of this analysis is 2W. the chart you see is a complete data chart for Bitcoin. We have a valid price channel for Bitcoin, where the channel's midline and the resistance drawn from previous highs (red line) point to the 245K - 250K range. As you know, we had previously set a target of 169K for Bitcoin in the medium to long term, starting from much lower prices.
Experience has shown that, in logarithmic charts, price channels are valid for medium- to long-term trends.
Additionally, a significant resistance level (green line) in the 77K to 78K range has been broken, suggesting that the current price floor is within this range. If a drop occurs, a retest of this broken resistance is likely. Furthermore, there is a CME gap around 77K, and if this gap is filled, the bullish sentiment in the market will likely be reactivated.
Given Trump's four years of presidency and his support for crypto, this emerging market has the potential to reach substantial market caps.
Profit-making, even in a highly bullish market, still requires patience, diligence, and risk management.
Bitcoin will Go Down Again!?Yesterday's data, including GDP , Core PCE , and Unemployment Claims , indicate persistent inflationary pressures and a relatively strong U.S. labor market. This could increase the likelihood of continued hawkish monetary policy from the Federal Reserve , typically strengthening the dollar and putting downward pressure on risk assets like Bitcoin( BINANCE:BTCUSDT ) .
Conversely, if markets interpret these figures as nearing the end of the Fed's rate hike cycle , it could be a bullish signal for Bitcoin .
Bitcoin has managed to break the Ascending Channel in the last two days. (as I expected in the previous post ).
Currently, Bitcoin is moving in the Resistance zone($97,642-$97,180) and near the lower line of the ascending channel and Important Resistance line . Yesterday's upward movement can be considered a pullback to the ascending channel (broken). One of the signs of the completion of a pullback can be the Shooting Star Candlestick Pattern ( You can see this pattern in the 4-hour time frame ).
According to the theory of Elliott waves, Bitcoin seems to be completing a corrective wave , a Zigzag corrective(ABC) wave structure.
Also, considering that USDT.D%( CRYPTOCAP:USDT.D ) will again follow an upward trend and BTC.D%( CRYPTOCAP:BTC.D ) will follow a downward trend , Bitcoin may be corrected again. Maybe the conditions( In terms of Correction ) of Altcoins will be better than Bitcoin.
I expect Bitcoin to start falling again after the pullback completes , and the first target is the CME Gap($93,835-$93,720) , and then attack the Support zone($90,000-$88,700) again.
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
⚠️Note: If Bitcoin goes above Resistance zone($97,642-$97,180), we can expect it to touch $100,000.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTCUSDElliott wave analysis of BTCUSD.
Played nicely so far - both up and down. I Suspect that there are few more gyrations before we move in to $129-133k for a termination.
The pattern is starting to look full, the remaining squiggles should see us to the high's mentioned above.
I expect the drop to be quite sharp and fast.
𝙄𝙩'𝙨 𝙖𝙣 𝙞𝙣𝙝𝙚𝙧𝙚𝙣𝙩 𝙢𝙖𝙧𝙠𝙚𝙩 𝙗𝙚𝙝𝙖𝙫𝙞𝙤𝙧 !!Bitcoin has completed its 5TH upward wave, and now it's time for a price correction down to around 95k. The price can correct itself and then continue its growth.
every uptrend has to be corrected, that's the nature of the market.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Bitcoin Correction Started!?Bitcoin ( BINANCE:BTCUSDT ) started pumping again today with the help of the following two News :
1-Chinese Court Declares Bitcoin and Crypto Ownership Legal.
2-Trump Plans White House Crypto Advisor Role.
These days, Bitcoin is more influenced by the news than before.
Bitcoin managed to break the Important resistance lines with the help of the above news .
Since Bitcoin does NOT have a previous price history at current prices , its analysis is associated with challenges, but I will try to analyze it for you with technical analysis tools and other parameters .
Bitcoin reacted well to the new Potential Reversal Zone(PRZ) .But Bitcoin could not touch the magic number of $100,000 ; one of the reasons for not touching this number is many sell orders that were exactly on the number of $100,000.
According to the Elliott wave theory , Bitcoin has entered five new impulsive waves after breaking the important resistance lines. It completed the main wave 5 .
It seems that we can wait for Bitcoin correction waves .
In terms of Classic Technical Analysi s, Bitcoin seems to be completing the Bump phase and entering the Run phase of the Bump-and-Run Top Pattern .👇
It also seems that USDT.D% ( CRYPTOCAP:USDT.D ) will have an upward trend , which can cause Bitcoin correction .
I expect Bitcoin to attack the lower line of the ascending channel after approaching the Resistance zone($97,642-$97,180) .
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
⚠️ Note: If Bitcoin goes above $98,700, we can expect it to touch $100,000. ⚠️
⚠️ Note: Bitcoin can start to rise again from the lower line of the ascending channel. ⚠️
⚠️ Note: We should expect a deeper correction if Bitcoin goes below the Support zone($95,600-$92,000) and breaks the lower line of the ascending channel ⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
The last bullish chance of BITCOIN in short-term !!The price is currently in an symmetrical triangle, which means that if the triangle breaks on either side, the price can move in that direction. So, wait for the breakout.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BTC 100k is not enough- Believe it or not.
- There's nothing at 100k.
- the trend would not be respected.
- i was here when BTC broke 10k$ for the first time.
- At that time, most traders called for a top and scared.
- BTC didn't care and went straight up to 20k$..
- i see only 3 Scenarios.
1 : Orange : BTC retrace soon, then it will delay time, then ATH will be 220-240k.
2 : Green : BTC goes to 150k, retrace to 161.8, and make a second Top around 220-240k.
3 : Red : BTC go straight to 150k$ then dip and struggle. ( i doubt on that way ).
- As always, this only my humble prediction and opinion.
- Everything can happens with FA. ( war, crises, stop internet.)
- More it will take time, more up BTC will go.
Stay S4fe
Happy Tr4Ding !
BTC The State NowHere’s a quick market update with a timeline and trend analysis :
- As always, it’s as simple as checking the colors and trends in the graphic.
- We’re currently in a phase of solid consolidation.
- The bull run hasn’t started yet, but in time, BTC is expected to go parabolic, as it usually does.
- The current cycle is taking longer to play out.
- The differences between 2020 and 2024 corrections are clear. Back in 2020, BTC was still maturing, not widely accepted, and impacted by the Covid crisis.
- In 2023, BTC has gained more recognition with ETFs, attracted wealthy investors, and is evolving into a true store of value.
- For these reasons, TheKing may be retracing, but it’s doing so with power and resilience.
- Everyone wants a piece of the cake, which is why Bitcoin's price remains elevated.
Just HODL and you'll be rewarded in the long run.
Happy Tr4Ding