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Bitcoin Maxis: Your Delusion Is About to Get Liquidated!Oh look, Bitcoin maxis are back at it again—screaming "NEW ALL-TIME HIGH SOON! 🚀" while conveniently ignoring every single warning sign flashing like a Christmas tree on fire. 🔥🎄 Shall we take a quick reality check? Let's talk about that chart—the one showing a huge bearish divergence on the RSI . Yeah, that thing maxis pretend doesn't exist because, apparently, TA is for "normies." Price is pushing up, but momentum? Looking about as exhausted as a degenerate who just YOLO'd their life savings into a dog coin. This is not a bullish sign. Last time we saw this pattern? Oh right—November 2021, right before Bitcoin went from $69K to $15K in record time. But hey, I’m sure "this time is different," right? 😂 Then there’s the rising wedge , which is basically a giant neon sign saying, "Hey, we’re about to dump!" But maxis, bless their little diamond hands, will call it "accumulation" while their portfolios get sliced like a Thanksgiving turkey. 🍗 Now, let’s talk targets. 20K? Very possible. 15K? Wouldn’t be shocking. The big green arrows in the chart? Yeah, they’re not pointing up. But don’t worry, you’ll still hear "BUY THE DIP!" echoing through the wreckage as another cycle of hopium plays out in real time. At the end of the day, Bitcoin maxis don’t need technical analysis—they need therapy. Because no matter how many times the market smacks them in the face, they’ll still be here, shouting " Number go up !" while ignoring every single warning sign. 😆 Tick. Tock. The market doesn’t care about your laser eyes. 🕰️
BITSTAMP:BTCUSDShort
by RoadToAMillionClub
2
Bitcoin Plummets: ETF Exodus, Liquidations, and Global Jitters Bitcoin's recent plunge below the $90,000 threshold, a level unseen since November 2024, has sent ripples of concern through the cryptocurrency market. This sharp correction is attributed to a confluence of factors, including persistent ETF outflows, a surge in leveraged liquidations, and mounting geopolitical tensions, creating a volatile environment that has shaken investor confidence. The most immediate catalyst for Bitcoin's decline has been the sustained outflows from US-listed Bitcoin ETFs. These exchange-traded funds, which had previously fueled Bitcoin's ascent by providing institutional investors with easy access to the cryptocurrency, have recently witnessed a reversal in sentiment. Investors, possibly reacting to broader market anxieties and profit-taking, have begun withdrawing funds, putting downward pressure on Bitcoin's price. This outflow signals a shift in institutional appetite, raising questions about the sustainability of the previous bullish momentum. Adding fuel to the fire, the crypto market has experienced a significant wave of liquidations. Over $1.3 billion in leveraged positions were wiped out as Bitcoin's price plummeted. These liquidations, which occur when traders using borrowed funds are unable to meet margin requirements, exacerbate price volatility by triggering cascading sell orders. The sheer volume of liquidations underscores the high degree of leverage prevalent in the crypto market, highlighting the inherent risks associated with such trading strategies. Furthermore, macroeconomic uncertainties are contributing to the risk-off sentiment permeating financial markets. The recent strengthening of the Japanese yen, often seen as a safe-haven asset, reflects investor concerns about global economic stability. Similarly, the dip in Nasdaq futures suggests a broader aversion to risk in traditional equity markets, which often spills over into the crypto space. The re-emergence of US-China trade tensions adds another layer of uncertainty, as any escalation could have far-reaching economic consequences, impacting investor sentiment and asset valuations. The technical outlook for Bitcoin remains precarious. Analysts are closely monitoring the $85,000 support level, which, if breached, could trigger a further sell-off. The potential for over $1 billion in long liquidations below this level suggests that a significant drop is possible. Some analysts are even warning of a potential free fall to $81,000 if the $85,000 support fails to hold, indicating a severe test of market resilience. Moreover, a more dire prediction posits that Bitcoin could potentially drop below $70,000, erasing gains made since the US election. This scenario, while alarming, highlights the vulnerability of Bitcoin to macroeconomic factors and investor sentiment. The prospect of a significant correction raises concerns about the stability of the crypto market and its ability to withstand external shocks. The current market conditions serve as a stark reminder of the inherent volatility of cryptocurrencies. While Bitcoin has demonstrated remarkable resilience in the past, its price remains susceptible to a wide range of factors, including ETF flows, leveraged trading, and global economic conditions. Investors must remain vigilant and exercise caution in navigating this turbulent landscape. The recent downturn underscores the importance of risk management in cryptocurrency trading. Leveraged positions, while offering the potential for amplified gains, also carry the risk of substantial losses. The high degree of leverage prevalent in the market can exacerbate price swings, leading to rapid liquidations and further downward pressure. Furthermore, the growing correlation between traditional financial markets and the crypto space highlights the need for investors to consider broader macroeconomic factors. Changes in interest rates, inflation, and geopolitical tensions can all impact investor sentiment and asset valuations. In conclusion, Bitcoin's recent tumble below $90,000 reflects a confluence of factors, including ETF outflows, leveraged liquidations, and global economic uncertainties. The market remains highly volatile, and further price swings are possible. Investors should exercise caution and prioritize risk management in navigating this challenging environment. The ability of Bitcoin to recover from this downturn will depend on a variety of factors, including the resumption of ETF inflows, a reduction in leveraged trading, and a stabilization of global economic conditions. The coming weeks will be critical in determining whether Bitcoin can regain its footing or succumb to further downward pressure.
BITSTAMP:BTCUSD
by bryandowningqln
Important Bitcoin levels. The game of expectations.Today, it is important for Bitcoin to close below 88,000. There is a high probability that today the price will drop to the 0.5 Fibonacci level, thereby partially closing the gap on the daily chart, and the RSI will consolidate below 30 even with a closing price below 88,000. All these factors combined will be sufficient to trigger strong accumulation with a breakdown of the structure, leading to a new all-time high within the next 2-3 weeks. However, the market doesn’t always play out perfectly. There remains a possibility of a prolonged scenario. In this case, from the current price block (88k - 86k), the price may form a local bounce with a full ABC cycle in the coming days and test the key resistance level (106,200). After that, the price will likely return to the 0.5 Fibonacci level and possibly retest this important level. A similar scenario occurred last year during a similar phase of prolonged correction, where the price eventually reached the 0.5 Fibonacci level, though not immediately.
Long
by GarateTradeCrypto
What's next can we expect from Bitcoin???Bitcoin after making All-time-high is being trading in a long range. According to range trading rule, btc is currently trading under the range low. Now, if we see range low reclaim, then we can see btc making new ATH (green line). If btc doesn't holds it's support, then we may probably see btc tapping into it's fvg and from there we can expect great reversal (blue line). bad case scenario if btc dumps below 80K (major CME gap region) (yellow line).
Long
by CryptoNether
Bitcoin 4H Chart Analysis & PredictionKey Observations: 1. Price Action: - The price is trading near $91,575, following a significant sell-off with large red candles. - There is a small bounce after tapping into a green demand zone, suggesting potential short-term support. 2. Support & Resistance: - Strong Resistance: - $93,927 - $94,675 - $95,109 (cluster zone) - $96,118 - $96,756 (major resistance) - Support Levels: - The current green zone around $91,000 - If broken, next support appears closer to $89,000-$88,000. 3. Liquidation Levels (Circles on the Chart): - The large orange and blue circles represent high liquidation points. The orange circles above signal potential resistance as trapped longs may sell into rallies. - The blue circles below suggest liquidity that could attract further downside moves. 4. RSI (Relative Strength Index): - RSI sits around 24.5, in deep oversold territory, suggesting a potential bounce or consolidation. - However, RSI can remain oversold during strong downtrends. 5. Momentum Indicators: - Market Cipher B-like signals: - Green dots at the bottom, indicating potential bottom formation or relief bounce. - The momentum waves are still pointing downward but could flatten if buyers step in. - Bearish Divergence: Still visible in previous moves, so bulls need confirmation before a trend reversal. 6. Money Flow Index (MFI): - Negative flow continues, showing capital leaving the market, adding bearish pressure. Scenarios & Predictions: ⚡ Scenario 1: Relief Bounce (Bullish Short-Term) - If the $91,000 support holds and RSI recovers from oversold, we could see: - Target 1: $93,927 - Target 2: $94,675 - $95,109 (key decision zone) - A break above $95,109 with volume could push towards $96,756. However, rejection is likely given heavy liquidity above. ⚡ Scenario 2: Breakdown (Bearish Continuation) - If $91,000 fails, expect a sharp decline toward: - Target 1: $89,000 - Target 2: $88,000 - Momentum and money flow indicators still favor this scenario unless buying volume spikes soon. Overall Bias: - Short-term neutral-to-bearish, with potential for a relief bounce. - Watch for volume confirmation and RSI divergence on lower timeframes before entering long positions. 🕵️Key Levels to Watch: - $91,000: Immediate support. - $93,927 - $95,109: Short-term resistance cluster. - $89,000 - $88,000: Next downside target if the current support breaks. ⚡ Final Note: The market is showing exhaustion signs but needs confirmation for a reversal. If Bitcoin doesn’t hold the current level, the liquidity below could drive another sell-off. Always manage risk carefully—especially with heavy liquidity zones nearby.
by bitfate
Bitcoin's Volatility Lull: Is a Major Breakout Imminent?Bitcoin, the undisputed king of cryptocurrencies, finds itself in a peculiar state of limbo. While the broader financial world buzzes with geopolitical uncertainty and economic shifts, BTC's price action has settled into a remarkably narrow range, leading to a significant drop in implied volatility. This period of relative calm, however, is juxtaposed with significant undercurrents: a major exchange hack, strategic accumulation by corporate giants, and the ever-present debate over Bitcoin's next major price movement. One of the most notable observations is the near-record low implied volatility. Implied volatility, a measure of the market's expectation of future price swings, has dwindled, suggesting traders are anticipating less dramatic price fluctuations. This quietude is unusual for Bitcoin, a notoriously volatile asset. Traditionally, such suppressed volatility often precedes a significant breakout, either upward or downward. The current stasis could be a coiled spring, ready to unleash a surge of price action when the right catalyst emerges. Adding another layer of complexity is Bitcoin's rangebound trading. Despite the recent Bybit hack, which raised concerns about exchange security and potential market instability, Bitcoin has remained remarkably resilient within its established trading corridor. This resilience, however, has also bred a sense of unease among traders and analysts. The lack of a decisive break in either direction has left many wondering whether this consolidation is a period of accumulation or a sign of waning momentum. The Bybit hack, while disruptive, appears to have had a limited impact on Bitcoin's overall price trajectory. This suggests that the market may be becoming more adept at absorbing such shocks, a sign of its growing maturity. Nevertheless, the incident serves as a stark reminder of the inherent risks associated with centralized exchanges and the importance of robust security measures. Amidst this backdrop of low volatility and rangebound trading, the pronouncements of prominent traders and corporate players are adding fuel to the fire. A crucial narrative revolves around the $106,000 price level. According to some analysts, this threshold represents a critical juncture for Bitcoin. A successful reclaim of this level would, they argue, signal the beginning of a new phase of price discovery, potentially leading to substantial gains. However, the path to $105,000 + is far from certain. Counterarguments suggest that a significant dip to $80,000 remains a distinct possibility. This perspective highlights the inherent uncertainty of the cryptocurrency market, where technical analysis and fundamental factors can often provide conflicting signals. The potential for a sharp correction underscores the importance of risk management and the need for traders to remain vigilant. On the bullish side, MicroStrategy's Michael Saylor continues to make waves with his unwavering commitment to Bitcoin. The company's "21/21" plan, which involves ongoing Bitcoin accumulation, is progressing steadily following a recent $2 billion convertible note offering. Saylor's bullish stance and his company's strategic acquisitions have become a significant market force, providing a powerful vote of confidence in Bitcoin's long-term potential. MicroStrategy's approach is not merely speculative; it is a calculated bet on Bitcoin's role as a store of value and a hedge against inflation. This strategy has resonated with other institutional investors, contributing to the growing acceptance of Bitcoin as a legitimate asset class. The company's continued accumulation efforts are likely to exert upward pressure on Bitcoin's price, particularly if demand from other sources increases. The confluence of these factors – low implied volatility, rangebound trading, the $105,000+ debate, and MicroStrategy's aggressive accumulation – creates a fascinating and potentially explosive dynamic. The low volatility could be a temporary lull before a significant price movement, while the rangebound trading indicates a period of indecision that will eventually resolve itself. The $105,000+ level represents a critical test for Bitcoin. A successful breach of this threshold could trigger a wave of buying, propelling the price to new highs. Conversely, a failure to reclaim this level could lead to a significant correction, potentially validating the bearish predictions of a dip to $80,000. In the meantime, MicroStrategy's continued accumulation provides a strong foundation of support for Bitcoin's price. The company's strategic approach and its commitment to long-term holding suggest that it is not swayed by short-term price fluctuations. In conclusion, Bitcoin's current state is a complex interplay of conflicting signals. The low implied volatility and rangebound trading create an atmosphere of uncertainty, while the $105,000+ debate and MicroStrategy's accumulation provide clear points of focus. The cryptocurrency market is poised for a potential breakout, and the direction of that breakout will likely be determined by the interplay of these factors. Whether Bitcoin will reclaim $105,000+ or dip to $80,000 remains to be seen, but one thing is certain: the next chapter in Bitcoin's story is about to unfold.
BITSTAMP:BTCUSD
by bryandowningqln
Bitcoin's 2025 is bullish AFLet's talk crystal clear here; Bitcoin is in a massive uptrend, yes now is stucked/accumulating below the $100k mark, but overall is bullish AF. In this chart I present you my Elliott Wave Count of Bitcoins bullish cycle that started from Dec. 2022 and is still on going. Breakdown: We're in a 1-2-3-4-5 (we're here) bullish count. Inside this last 5th wave, which you can clearly count 5 subwaves, we're on the verge of breaking this $100k accumulative period, aka. in a corrective ABCDE of the 4th wave. Once this breaks up, Bitcoin should FLY. COT readings are also great and supporting this idea behind technicals. In the current accumulation, Fund managers went from being bearish to now being more bullish, pointing to a bullish divergence. However, I'd like to see Retailers more bearish, why? Because they always wrong, and currently they are still a bit bullish to me from what I read in the COT report. This is why I believe we still going to see this corrective phase for a little longer, finally completing the ABCDE formation, and then RISE. Conclusion, Bitcoin price is stuck for some time till' it breaks up and rockets to unknown price. Trade safe! A.FX99
COINBASE:BTCUSDLong
by AlbertFX99
Can Bitcoin Survive the Inflation Storm?Bitcoin, the world's most prominent cryptocurrency, has experienced a turbulent period, recently dipping below the $95,000 mark.1 This price correction comes amidst growing concerns about rising inflation in the United States, as reflected in the latest Consumer Price Index (CPI) data. The CPI, a key indicator of inflation, surpassed market expectations, reigniting fears of persistent price pressures and their potential impact on risk assets like Bitcoin.2 Inflation's Shadow Over Bitcoin The unexpectedly high CPI reading has sent ripples through financial markets, with investors becoming increasingly wary of the Federal Reserve's response to inflation. The Fed's primary tool for combating inflation is raising interest rates, a move that can make borrowing more expensive and potentially slow down economic growth. This prospect often leads investors to reduce their exposure to riskier assets, including cryptocurrencies like Bitcoin. The connection between inflation and Bitcoin is complex. While some argue that Bitcoin can serve as a hedge against inflation due to its limited supply, others believe that it is still too volatile to be considered a safe haven asset. The recent price drop suggests that market sentiment is currently leaning towards the latter view, with investors reacting to the inflation news by selling off their Bitcoin holdings. Market Dynamics and Technical Levels Bitcoin's price movements are influenced by a multitude of factors, including macroeconomic trends, regulatory developments, and market sentiment. In addition to inflation concerns, the recent price drop could also be attributed to normal market corrections, profit-taking by traders, and technical factors. Analyzing Bitcoin's price chart reveals key support and resistance levels that traders are closely monitoring. The $95,000 level appears to be a crucial support zone, and a sustained break below this level could lead to further price declines. On the upside, the $101,000 mark is a significant resistance level, and a decisive move above this level could signal a potential recovery for Bitcoin. The Fed's Dilemma and Potential Scenarios The latest CPI data presents a challenge for the Federal Reserve, which is tasked with balancing the goals of controlling inflation and maintaining economic growth. While the higher-than-expected inflation reading might suggest the need for more aggressive interest rate hikes, the Fed also needs to be mindful of the potential impact on economic activity. Despite calls for lower interest rates, the Fed is widely expected to continue its path of gradual rate increases in the coming months. The central bank has repeatedly emphasized its commitment to bringing inflation under control, and a strong labor market provides further support for its policy stance. Looking ahead, several scenarios could play out for Bitcoin. If inflation remains elevated, the Fed might need to take more aggressive action, potentially leading to further price declines for Bitcoin. On the other hand, if inflation starts to subside, the Fed could adopt a more dovish stance, which could provide some relief for Bitcoin and other risk assets. Bitcoin's Long-Term Outlook Despite the recent price volatility, the long-term outlook for Bitcoin remains positive for many market participants. The cryptocurrency's underlying technology, blockchain, continues to attract interest from various industries, and the adoption of Bitcoin by institutional investors is steadily increasing.3 Furthermore, some argue that Bitcoin's decentralized nature and limited supply make it an attractive alternative to traditional currencies, especially in times of economic uncertainty. While Bitcoin's price can be volatile in the short term, its long-term potential continues to draw investors seeking exposure to the digital asset space. Navigating the Uncertainty The current market environment is characterized by uncertainty, with inflation concerns and macroeconomic factors weighing on investor sentiment. Bitcoin, like other risk assets, is susceptible to these broader market trends. However, it is essential to remember that Bitcoin is a nascent asset class, and its price volatility is to be expected. Investors considering Bitcoin should carefully assess their risk tolerance and conduct thorough research before making any investment decisions. While Bitcoin's long-term potential remains intriguing, it is crucial to be aware of the inherent risks associated with investing in cryptocurrencies.
BITSTAMP:BTCUSD
by bryandowningqln
BTC getting ready to revisit +$100k?It's playing out slightly quicker than anticipated but it's going in the expected direction, minus the fakeout and chop. On the 45m tf I am looking for one more lower low to touch or break the falling wedge's support. There could be another fake break out and it could be a big one to trigger shorts before liquidating them with the reversal. I think a 104,000 target is still in play, for now. I thought it would be on Friday - it still might. I do not think this is the start of a rally to 1,000,000. There is a high risk of liquidation for those taking long positions thinking 150,000 is imminent. There is always a risk the market doesn't do what I think is going to happen and 69,000 is closer than I realised.
CRYPTO:BTCUSDLong
by ZorosonD
BITCOIN CRASH BEST TRADE IDEA🔻 BTC/USDT Short Setup - 30M Analysis 🔻 Bitcoin has rejected a key resistance zone around $97,400-$97,550, showing signs of a bearish move. Price has failed to break above this supply area, and now a potential sell-off towards the sell-side liquidity range is in play. 🔹 Entry: Around $97,400 (Retest of resistance) 🔹 Stop Loss: $97,550 (Above supply zone) 🔹 Target: $94,725-$94,711 (Liquidity sweep level) 📉 Analysis Breakdown: ✅ Price is reacting to a well-defined supply zone. ✅ Bearish momentum increasing after liquidity grab. ✅ Confluence with 50 EMA rejecting price. ✅ High probability of price reaching liquidity range. Watching this trade closely—let me know your thoughts! 📊🔥 #Bitcoin #BTCUSDT #CryptoTrading #PriceAction #TradingView #CryptoSignals 🚀
Short
by naumanfx_
4
Weekend is coming - another liquidation coming? BTC strongly bounced Monday and formed a daily candle with a massive bottom wick.  It is a bullish candle but that itself doesn't confirm the bull trend is going to start.  It was definitely the buy the dip moment for spot buyers and hodlers. However, if people are trading, the obvious stop of Stop/Loss is just below that wick on the Monday candle.  Subsequent daily candles failed to close above 100K.   All daily momentum indicators are entering the bear zone. Now the price is steadily moving down. Weekend is coming.  I can see another perfect setup for the long liquidation event.    I hope I am wrong. I think the next few weeks are critical for the BTC bull.  Weekly MACD is touching but hasn't crossed yet, so I will continue to observe the price action. If MACD lines clearly cross to the downside and stochastic has entered the bear zone. I would consider opening a short position.  I will use a daily chart to identify an entry. It has been a very challenging market.
COINBASE:BTCUSD
by EbonyFalcon
Bitcoin's Price Outlook: Support Levels, ETF Surge, and EmergingBitcoin's Price Outlook: Support Levels, ETF Surge, and Emerging Threats Bitcoin, the world's leading cryptocurrency, finds itself at a critical juncture. While recent data reveals a surge in U.S. spot Bitcoin ETF inflows and identifies a key support level, looming challenges related to liquidity, government policy, and weakening momentum suggest a potential struggle in the near future. The next 30 days could prove to be a game-changer, determining whether Bitcoin can consolidate its gains or faces a significant downturn. Key Support Level Identified Technical analysis suggests a crucial support level for Bitcoin at $96,000. This figure coincides with the realized price for short-term Bitcoin holders, a metric that often acts as a reliable support or resistance level. Should Bitcoin fall below this threshold, it could trigger further sell-offs and potentially lead to a deeper correction. Conversely, if the price can hold above this level, it may signal renewed strength and pave the way for a potential rebound. U.S. Spot Bitcoin ETF Inflows Surge Despite the uncertainty surrounding Bitcoin's price action, U.S. spot Bitcoin ETFs have witnessed a remarkable surge in inflows. Year-over-year, these inflows have increased by a staggering 175%, with total net inflows exceeding $40.6 billion. This substantial investment from institutional and retail investors underscores the growing acceptance of Bitcoin as a legitimate asset class and suggests a strong underlying demand. The continued accumulation of Bitcoin by these investment vehicles could provide a buffer against potential price drops and contribute to long-term price appreciation. The Next 30 Days: A Potential Turning Point The next 30 days are crucial for Bitcoin. Several factors could influence its price trajectory, making this period a potential turning point for the market. These factors include: • Liquidity Conditions: Bitcoin's price is heavily influenced by the availability of fiat currency. Concerns are rising as critical sources of fiat liquidity begin to tighten. This tightening could make it more difficult for investors to purchase Bitcoin, potentially putting downward pressure on the price. • Government Policy: The U.S. presidential administration's approach to Bitcoin remains a significant factor. The slow progress in creating a strategic Bitcoin reserve raises questions about the government's long-term vision for the cryptocurrency. Clarity on regulatory frameworks and government adoption could significantly impact investor confidence and market sentiment. • Technical Momentum: Bitcoin's upward momentum appears to be weakening. Technical charts suggest a potential loss of steam, with indicators pointing towards a possible correction. Traders will be closely monitoring these technical signals to gauge the direction of the market. Risks to Watch Out For Bitcoin faces several risks that could hinder its progress and potentially lead to a significant price correction. These include: • Loss of the $96,000-$110,000 Range: Failure to hold above the $90,600 support level could lead to a retest of the broader $96,000-$110,000 range. A sustained break below this range could signal a more significant downturn. • Tightening Liquidity: As mentioned earlier, the tightening of fiat liquidity poses a major threat to Bitcoin's price. Reduced access to fiat currency could limit buying power and lead to increased volatility. • Uncertainty in Government Policy: The lack of clarity regarding government regulation and adoption of Bitcoin creates uncertainty in the market. Negative regulatory developments or a lack of clear guidance could dampen investor enthusiasm. Balancing Act Bitcoin's current situation is a delicate balancing act. While the surge in ETF inflows and the identification of a key support level offer some positive signs, the looming risks related to liquidity, government policy, and weakening momentum cannot be ignored. The next 30 days will be crucial in determining whether Bitcoin can navigate these challenges and continue its upward trajectory. Conclusion Bitcoin's price outlook remains uncertain. While the substantial inflows into U.S. spot Bitcoin ETFs and the presence of a key support level offer some encouragement, the cryptocurrency faces significant headwinds. Tightening liquidity, the slow progress in establishing a national Bitcoin reserve, and weakening technical momentum are all cause for concern. The next month will be critical in determining whether Bitcoin can maintain its footing or if it is poised for a correction. Investors should proceed cautiously, closely monitoring market developments and preparing for potential volatility. The long-term potential of Bitcoin remains a topic of much debate, but the short-term future hinges on how it navigates these immediate challenges.
BITSTAMP:BTCUSD
by bryandowningqln
2
BTC/USDT at a Make or Break Moment Analysis Bitcoin is currently forming an inverse cup and handle pattern on the hourly timeframe, signaling potential bearish continuation. The price is testing the neckline support around 96,480 USDT, and a confirmed breakdown below this level could trigger further downside momentum. However, the most critical support level to watch is 92,000 USDTit is essential for Bitcoin to hold this level to maintain any bullish momentum. If BTC closes below 92K, we can expect further declines, possibly towards 88,500–89,000 USDT or even lower. On the upside, 97,500 USDT remains a key resistance, and only a sustained recovery above this level would invalidate the bearish structure. For now, all eyes are on the 92K support zone, as losing this level could lead to a deeper correction in the market.
BINANCE:BTCUSD.P
by wolfchemist
Bitcoin Price Surges Despite US-China Trade TensionsBitcoin, the world's largest cryptocurrency, has seen a surge in price in recent weeks, despite ongoing trade tensions between the US and China. Bitcoin's price has risen by over 20% in the last few months, and some analysts believe that it could reach a new all-time high in the near future. There are a number of factors that are driving Bitcoin's price growth. One factor is the increasing adoption of Bitcoin by institutional investors. In recent months, a number of major companies, such as Tesla and MicroStrategy, have announced that they have purchased Bitcoin as part of their treasury reserves.2 This has helped to legitimize Bitcoin as an investment asset and has attracted more institutional investors to the market. Another factor that is driving Bitcoin's price growth is the increasing use of Bitcoin as a means of payment. In recent months, a number of major companies, such as PayPal and Visa, have announced that they will allow their customers to use Bitcoin to make payments.3 This has made it easier for people to use Bitcoin in their everyday lives and has helped to increase demand for the cryptocurrency. Despite the ongoing trade tensions between the US and China, Bitcoin has continued to perform well. This suggests that Bitcoin is becoming increasingly decoupled from traditional financial markets. This is likely due to the fact that Bitcoin is a decentralized currency that is not controlled by any central bank or government. As a result, Bitcoin is not as susceptible to the same economic and political risks as traditional currencies. However, it is important to note that the price of Bitcoin is still volatile and can fluctuate significantly in a short period of time. As a result, investors should be aware of the risks involved in investing in Bitcoin. Other factors driving Bitcoin's price In addition to the factors mentioned above, there are a number of other factors that are driving Bitcoin's price growth. These factors include: • The increasing scarcity of Bitcoin. There will only ever be 21 million Bitcoins in existence. This scarcity is one of the reasons why Bitcoin is seen as a store of value. • The increasing adoption of Bitcoin by developing countries. In many developing countries, Bitcoin is seen as a more stable and reliable currency than the local currency. This is driving demand for Bitcoin in these countries. • Overall, there are a number of factors that are driving Bitcoin's price growth. These factors suggest that Bitcoin could continue to perform well in the future. However, investors should be aware of the risks involved in investing in Bitcoin.
BITSTAMP:BTCUSD
by bryandowningqln