Bitcoin’s Big Move: Can It Hit $126K or Drop to $70K?Good morning, trading family!
Bitcoin (BTC) is at a key point right now. If it breaks above $107K, there’s a good chance we’ll see it climb to $117K, and if it keeps going, $118–$119K could be next. From there, it could push all the way to $126K.
But here’s the flip side—if we hit one of those levels, I’m expecting a correction. That could bring BTC back down to $80–$86K. If that doesn’t hold, we might even see it drop to $70K.
If this helped, I’d love to hear your thoughts! Feel free to like, comment, or share. Let’s trade smarter and live better!
Kris/Mindbloome Exchange
Trade What You See
Bitcoinprediction
BTCUSDT Trade LogBTCUSDT – 4H Kijun Retest
Price Action & Analysis: BTC is currently hovering around the 4H Kijun level, which has acted as reliable support. We expect a continuation of the bullish momentum going into the weekend, anticipating a clean drive up as buyers step in.
Trade Idea (Long):
– Entry: Buy now at market.
– Risk: 1% of account.
– Reward: Target a 1:3 RRR (place stop-loss just below the 4H Kijun or last swing low).
– Watch out for any macro news that may trigger unexpected volatility. If price fails to hold above the Kijun, manage or exit the trade.
Bitcoin correction inevitableTime to Chart the King!
If you've checked my recent ideas, you'll find onefrom 11 December 2022 titled "Run it Back Turbo." Check it out!
Press the play button to see how I've pinpointed the perfect bottom!
Now, let's dive into why I've decided to close my trade:
Wave Count: I've marked the 5 waves we've seen so far.
Wave Comparison: Using the Date & Price Range tool, I've compared the size of wave 3 to wave 5. Wave 5 typically matches or exceeds wave 3, and you can see the King has done just that. How much more do you need to satisfy your greed?
ABC Correction: We're expecting an ABC correction where:
A Wave: Should hit the 0.382 Fibonacci level drawn from the bottom of the count to the current wave 5 peak.
B Wave: Logically, this would reach the 0.236 Fibonacci level.
C Wave: Expected to extend to the 0.618 Fibonacci level.
Fibonacci Retracement for Wave 5: If you draw a Fibonacci retracement just for the 5th wave, you'll see:
The A wave should touch the 0.618 level of this measurement.
The B wave goes to the 0.382
The C wave, as usual, should retrace fully to the 1.000 Fib level, where it began.
CME Gap: Check out the 1-day chart below to see there's still a CME gap to fill on the way down.
Monthly Close: We're nearing the first monthly close of Q1. Take a look at the RSI; there's a clear bearish divergence forming.
Liquidity Clusters: The liquidity clusters below look enticing and are prime for grabs, essential for further upward movements. Remember, this market thrives on the ping-pong effect with short stop hunts and liquidation hunts, followed by the same to the longs, rinse and repeat.
Here you see a freshly pulled LiqMap from The Kingfisher platform currently the only one I know of which can show you these clusters. As you can see we have a ton of liquidity to tap into before we can resume this bullrun!
Conclusion:
The King Needs to Reset!
No reason to be upset. Everyone needs a rest after such a run. We will resume our journey soon enough, reaching those higher targets sooner or later. See the bright side: we can sell now, load up at cheaper prices, and potentially make even bigger profits.
Follow me for updates to this idea and follow me on X for even more insights!
Bitcoin Distribution PhaseThe safety trade appears to be unraveling, with Bitcoin showing clear signs of topping out as it moves through a distribution phase. Chart analysis supports this, and the narrative among Bitcoiners has shifted following President Trump’s emphasis on supporting all digital assets and U.S. companies, rather than positioning BTC as a strategic reserve.
This marks a pivotal shift in market sentiment. Many had hoped for Bitcoin to play a central role, but the focus on a broader digital asset ecosystem has left some investors disappointed. While this may take time to fully digest, I believe this narrative, combined with technical indicators flashing bearish signals, sets the stage for a rotation out of BTC and into altcoins.
Altcoin momentum could gain further traction as investors seek opportunities in projects aligned with a more diversified digital future. As we continue monitoring price action, this could be the catalyst the market has been building toward.
JUST IN: Bitcoin at $107,000Bitcoin, the flagship cryptocurrency, recently broke past the significant $107,000 psychological resistance level before retracing to $106,000. Despite this pullback, several technical and fundamental indicators suggest a bullish trajectory for the digital asset in the near term.
Technical Analysis
A key technical indicator supporting the bullish outlook is the imminent formation of a golden cross pattern on Bitcoin’s chart. This occurs when the 50-day moving average (MA) crosses above the 200-day MA, a classic signal of bullish momentum and a potential sustained uptrend.
Historically, golden cross patterns have often preceded major price rallies in Bitcoin. For instance:
- In 2020, the formation of a golden cross preceded Bitcoin’s surge from $10,000 to its then all-time high of $64,000.
Currently, Bitcoin’s Relative Strength Index (RSI) sits at 58, which is within neutral territory but trending upward. This indicates that there is room for further bullish momentum without the asset being overbought.
Market Performance
As of this writing, Bitcoin is up 2% on the day, trading at $106,000. The price action suggests strong buying interest at the current levels, even as the market absorbs profit-taking near the $107,000 mark. Key support levels to watch include $104,500, while resistance remains at $107,000 and beyond.
Beyond technical signals, several fundamental factors are bolstering Bitcoin’s bullish outlook:
1. Institutional Interest: Recent data highlights a surge in institutional inflows into Bitcoin-focused investment products. This renewed interest comes amid increasing macroeconomic uncertainty and Bitcoin’s reputation as digital gold.
2. Supply Dynamics: Bitcoin’s halving event, expected in mid-2025, is already influencing market sentiment. Historically, halvings have significantly reduced the rate of new Bitcoin entering circulation, often leading to price increases as demand outpaces supply.
3. Global Adoption: Countries and corporations continue to embrace Bitcoin as a legitimate asset. Recent announcements of Bitcoin integration into payment systems and growing adoption as a store of value further validate its utility and potential.
Conclusion
With the golden cross pattern on the verge of confirmation, Bitcoin’s technical setup suggests that a strong bullish run could be imminent. Coupled with favorable fundamentals, including increasing institutional participation and global adoption, Bitcoin appears well-positioned to continue its upward momentum.
Traders and investors should keep an eye on the $107,000 resistance level, as a decisive break above it could pave the way for Bitcoin to target $110,000 and beyond. However, as always, caution is advised, as market volatility remains a key characteristic of the cryptocurrency space.
BTC, long or short? It could go either wayTriangle pattern on the Daily. Clearer on the 4hr. A bit choppy on the 1hr, 45 and 15min as would be expected. Pretty much respects 0.236 and 0.785, and more recently 0.5 and 0.618 Fib levels. I’m expecting an early morning breakout to the upside at the start of the week with $109k in sight. Chances are, if enough retail think it’s breaking out to the upside, price will probably flush out shorts with a strong wick up then liquidate longs on the way to $97,2k region. On the back of Trump signing crypto related executive orders, it might be assumed bullish news for the of N.Y open, but this is as much psychology as it is TA and FA. Keep your stops tight or sit this one out?
Bitcoin $BTCBitcoin has been propped up for today 1.23.2025 in hopes of the POTUS Donald Trump to sign an Executive Order surrounding cryptocurrency.
If we do not get an EO signed today, we will push towards resting Liquidity around $100,000.
On the other hand, if we do get a crypto EO. We will blow the cap off, and create another all time high.
Be ready for a volatile market.
BTC with a double top formation.BTC with a double top formation.
Are we in for a long sell ride?
Has the imminent midterm sell started?
Are we breaking the $100K zone towards $90K this time?
Trump swearing was the catalyst we waited for to fire this asset to the moon lately.
Let's see what plays out.
Trade with care.
Bitcoin targets for correctionBitcoin after 222 days range hit 27 zone. Now I would like to see correction BINANCE:BTCUSDT.P
Possible Targets and explanation idea
➡️Over 200 days in a range! We move impulse sideways Impulse.
➡️Its a daily timeframe only local zones. Main zones 48-52K by end of year or April May 2024 still relevant
➡️Now we are in a market stage when Bears and Bulls will loose the money
➡️Consensus about "we can't move higher" will be soon from both camp
➡️in a range we got deviation at the top of range and deviation at the bottom
➡️Impulse up, sideways and last impulse to 27 zone work almost in 99% cases like a clock)
➡️Healthy correction will be to 0.23 zone and good correction block for futures marked with SL.
➡️On MP indicator you could see how whales fix main % of position on D tf, then RSI div on daily and continuation of fixations.
➡️ Waiting on D blue zone of money inflow. I think its can took just a week or so before continuation of main trend
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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• Look at my ideas about interesting altcoins in the related section down below ↓
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Bitcoin yearly divergency BITSTAMP:BTCUSD
Take a look on this historical Bitcoin chart.
Based on my 2 indicators Accumulation and Distribution we can see huge yearly divergency. Step by step whales distribute coins which they got in a first 5 years. From 2015 till now we see pure divergency. I think we will see new ATH around 89000-130000 and reject one more time at the main line on ADZ indicator.
Based on Direction indicator (lowest) we touch the same level where BTC was in 2015. Of course we will not repeat % pump because Bitcoin is to heavy now. But model can be similar with uptrend move.
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
---
• Look at my ideas about interesting altcoins in the related section down below ↓
• For more ideas please hit "Like" and "Follow"!
#Bitcoin $BTCUSD The Wedge dilemma.CRYPTO:BTCUSD Key Levels:
1. 109k
2. 150k
3. 85k
4. 75k
CRYPTO:BTCUSD is currently trying to break a historical, old and respectful channel's upper wedge. Technically speaking, this wedge is a very significant level where it has been tested 5 times so far "illustrated on the chart". The last 2 attempts have shown that the wedge is still valid.
Scenario A:
Euphoria and institutions buying pressure will keep the price trading close enough to the wedge until it breaks out where it unlocks a new uncharted zone extended to the next psychological mark 150k.
Scenario B:
Price falls back to the nearest visible and massive demand zone around the 75k mark.
I lean on a correction to the closest demand zone around the 75k mark.
Corrections:
It is worth noting that every time the price tests this wedge it causes a significant correction. "Check the illustrated table on the chart".
Conclusion:
Closing above 116k unlocks an uncharted zone to 150k
Trading below the historical wedge will lead eventually to a retest of the 75k price level.
#BTC #BITCOIN #CRYPTO #ANALYSIS #AHMEDMESBAH #SUPPLYANDDEMAND #BLOCKCHAIN #ETHEREUM
Critical Metals Corp Unveils $500M Bitcoin Reserve InitiativeIn a ground-breaking move, Critical Metals Corp (Nasdaq: CRML), a leader in mining development, has announced its bold decision to adopt Bitcoin (BTC) as a primary asset in its treasury management strategy. This initiative, aimed at acquiring up to $500 million worth of Bitcoin, marks a pivotal moment for cryptocurrency adoption in the corporate world, particularly within the critical minerals sector.
Strategic Shift to Bitcoin
Critical Metals Corp, known for its work in critical minerals and next-generation technologies through its Tanbreez Greenland Rare Earth Mine and Wolfsberg Lithium Project, has approved a comprehensive Bitcoin treasury strategy. The initiative is supported by a $500 million convertible note financing plan led by JBA Asset Management. The first tranche of $100 million is secured, with subsequent tranches totaling $400 million subject to specific conditions.
The notes will be convertible into common stock at $6.00 per share, with warrants convertible at $7.00. This innovative financial strategy not only diversifies the company’s asset portfolio but also positions it as the first Nasdaq-listed critical minerals company to integrate Bitcoin into its treasury.
Tony Sage, Executive Chairman and CEO, emphasized the dual benefits of this strategy: “Incorporating a Bitcoin allocation to our treasury management strategy is an innovative approach that we believe will strengthen our balance sheet and create long-term shareholder value.” Sage also highlighted Bitcoin’s potential as a hedge against inflation and currency debasement, aligning with broader governmental initiatives to adopt Bitcoin.
Bitcoin’s Role in Critical Metals’ Vision
The move comes at a time when Bitcoin’s role as a store of value and inflation hedge is gaining traction globally. Critical Metals’ strategy not only secures its financial position but also strengthens its alignment with western government initiatives, including recent advocacy for a national Bitcoin stockpile by President Trump. By adopting Bitcoin, the company enhances its appeal as a reliable partner in secure supply chains for critical minerals.
The company plans to execute its Bitcoin acquisition strategy based on market dynamics and cash flow requirements, maintaining flexibility to adapt to evolving circumstances.
Technical Analysis of Bitcoin
As of the time of writing, Bitcoin is trading at $104,000, down 1.83% from its recent all-time high (ATH). Despite the slight retracement, Bitcoin’s Relative Strength Index (RSI) stands at 51, indicating a neutral stance with potential for further movement.
Key technical levels to watch include:
- Support: $101,000, aligning with the 38.2% Fibonacci retracement level.
- Resistance: A breakout above the one-month high of $115,000 could propel Bitcoin to $150,000 if bullish factors persist.
This retracement offers a consolidation period, often viewed as healthy for sustained upward momentum. Should Bitcoin hold above the $101,000 support, it could attract new buyers, fueling another rally. Conversely, a failure to hold this level may lead to a dip, testing lower support zones.
The Broader Impact
Critical Metals’ decision to integrate Bitcoin into its treasury highlights the growing institutional acceptance of cryptocurrency. By aligning its financial strategy with Bitcoin, the company not only protects against inflation but also positions itself as a pioneer in blending traditional industries with cutting-edge financial assets.
This move, coupled with Bitcoin’s recent price performance, underscores the increasing role of digital assets in global finance. With institutions like MicroStrategy and Critical Metals leading the charge, Bitcoin’s journey to mainstream adoption continues to accelerate.
Conclusion
Critical Metals Corp’s $500 million Bitcoin reserve initiative is a testament to the evolving financial landscape, where digital assets are becoming integral to corporate strategies. As Bitcoin hovers near its ATH, the strategic timing of this announcement adds to the growing confidence in cryptocurrency’s future. With a disciplined approach and robust financial backing, Critical Metals is not only reshaping its treasury management but also setting a precedent for others in the industry.
BTC IS GOING TO ALL TIME HIGH LADIES AND GENTLEMEN ! BTC ended up in a complex WXY correction. Initially what may have seemed like a FLAT ended up being WXY. No matter how much the MM plays with the market and no matter what news hits the screen, algos always run their course guys.
We are in the early formation of wave 3, which will make history. True we may retrace a bit more to tap the lower levels but this will sling shot BTC to the ATH ! Remember the deeper the retracement of wave 2, the higher will be wave 3, a slingshot - - get it ;). Mega hidden bullish divergence on the weekly also playing out well.
Invalidation of this idea is at the low of Wave Y. WorD of advice guys, avoid over leverage and practice risk management fells. DCA is the name of the game. When Bitcoin hits ATH, all ALTS will pop like fireworks hence DCA and Spot Buy is the name of the game, especially for all the young bucks and inspiring traders out there.
Disclaimer: Not financial advice.
BTC/USDT Analysis: Bitcoin Riding the Waves of Optimism As we dive into this BTC/USDT chart, it’s clear that Bitcoin is not just a cryptocurrency—it’s an art form. The chart showcases a detailed Elliott Wave analysis, complete with corrective W-X-Y patterns and impulsive waves screaming, “I’m going places!” Let’s break it down step by step.
The Elliott Wave Breakdown
Bitcoin has been playing out its Elliott Wave structure with the precision of a virtuoso pianist. Here’s what we’re looking at:
1. Wave (1) to Wave (5): A Symphony of Higher Highs.
2. Wave (1) was the opening act, starting the bullish rally.
3. Wave (2) provided a dramatic correction, retracing as deep as a poet’s feelings on a rainy
day.
4. Wave (3) emerged as the headliner, the longest and strongest wave, with Bitcoin shouting,
“Catch me if you can!”
5. Wave (4), our consolidation buddy, is taking a breather, making sure BTC doesn’t exhaust
itself before the final sprint.
6. Wave (5) looks ready to take the stage and hit the projected target of $128,647.56. The bulls
seem to be prepping their rockets for this one.
2. The W-X-Y Correction
Before the current rally, BTC went through a complex W-X-Y correction. Think of it as Bitcoin saying, “Let me stretch a bit before the next marathon.” This correction has set the stage for the bullish impulses we’re seeing now.
Indicators: The Whispering Bulls
1. Williams %R and Stoch RSI: Hidden Bullish Divergences
Both indicators are practically screaming “hidden bullish divergences” like fans at a rock concert. These signals suggest that the bulls are working behind the scenes, setting the stage for the next big move.
2. RSI: Staying Strong
The RSI remains comfortably above 50, signaling that the bullish momentum is intact. It’s like Bitcoin is cruising down the highway, windows down, music blasting, and no signs of slowing.
The Price Target: To $128,000 and Beyond!
Bitcoin has been known to defy expectations. While $128K might feel like aiming for the moon, let’s not forget—this is Bitcoin, and the moon is just the first stop.
Key Levels to Watch
1. Support Zones
The $80,000 level is a key psychological support. If Bitcoin revisits this area, it could serve as a launchpad for the next leg up.
2. Resistance Levels
The $100,000 mark will likely be a battle zone. Expect bears to put up a fight here, but with the momentum we’re seeing, the bulls might just plow through.
In Conclusion: Strap In, Bulls
Bitcoin is looking bullish on all fronts. The Elliott Wave structure, hidden bullish divergences, and strong RSI readings all point to higher prices in the near future. However, as always, remember that markets love surprises, and it’s always good to keep your risk in check.
For now, though, it looks like Bitcoin is preparing for a grand finale. Let’s hope the bulls keep the momentum going because $128,647 is calling, and Bitcoin seems eager to answer. 🚀
Disclaimer: NOT FINANCIAL ADVISE!
Skyrexio | Bitcoin BTC Has Cancelled The Bear Market!Hello, Skyrexians!
Last month BINANCE:BTCUSDT has clearly broken $100k. Most of people think that it's too late now to buy Bitcoin because price is too high, but our analysis tells us that it was only one half of the potential bull run.
Let's take a look at the monthly time frame. We can see the new Elliott Wave structure. Earlier we had a chance that this bull run could be the wave 5, but recently the Awesome Oscillator broke the previous high. The potential bearish divergence has been broken as well. Moreover, Fractal Trend Detector shows that this bull run is strong and no single sign of weakness now.
This is large wave 3 which has the target at least at $125k, but most likely it will hit $190k in 2025.
Best regards,
Skyrexio Team
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