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Bitcoinprediction

BITCOIN Final update !!! We're about to BOOM!!!According to bigger picture, we're still in bull market, 5th of macro and ending 4th of micro elliott wave. Good news is, that we're about to get back into bullish mega green candles soon!! BTC's major CME gap has been filled and this was also the region where FVG is also available and also corrective pattern (double three) Y ends in this region in combining with expanded flat's C. we may most probably by will of GOD almighty will see green days in coming weeks. Targets of wave 5 are up to 120-130K region.
Long
by CryptoNether
Bitcoin Breaks Key Support: Is $72K the Next Target?Bitcoin has officially broken below the $91,000 support level, a key structural low that previously acted as a strong base for price action. This breakdown is significant, as it signals a shift in market sentiment and opens the door for a potential retest of lower price levels. The first major area of interest now lies in the green Fair Value Gap (FVG) at the $80,000 level. This region represents an imbalance that has yet to be fully filled, making it a likely point of support where buyers could step in. However, the strength of this level will be critical to monitor if bulls fail to defend it, we could see an even deeper correction. 🚨 Why Is $72K an Important Level? If Bitcoin fails to hold above the $80,000 FVG, the next major target would be the red Fair Value Gap around $72,000, which also aligns with the golden pocket retracement zone (between the 0.618-0.65 Fibonacci levels). This area is a strong draw on liquidity, meaning that large players in the market could be targeting this level to accumulate Bitcoin at a discount. Historically, golden pocket regions often act as high-probability reversal zones, but if sentiment remains weak, we could even see a deeper correction towards lower Fibonacci retracement levels, such as the 0.786 zone at around $64,000. 🔥 Key Factors Driving Bitcoin’s Recent Drop Several major events and macroeconomic factors are currently weighing on Bitcoin’s price action: 📉 Loss of Trump-Driven Crypto Euphoria Bitcoin and the broader crypto market initially surged on speculation that Donald Trump’s return to the political spotlight would lead to favorable regulations for the industry. However, recent developments have dampened this optimism. Policy details remain unclear, and investors are beginning to question whether the market got ahead of itself. 🔓 Major Crypto Security Concerns A recent record-breaking $1.5 billion hack on crypto exchange Bybit has raised security fears across the industry. This has led to increased outflows from centralized exchanges as investors rush to secure their assets, adding sell pressure to the market. ⚖️ Regulatory Uncertainty & SEC Scrutiny The SEC has formed a new task force focused on digital assets, signaling more regulatory oversight in the near future. While some see this as a step toward legitimizing crypto, others fear it could bring stricter enforcement actions, particularly against DeFi platforms and stablecoins. 📊 Declining On-Chain Metrics & Miner Sell-offs On-chain data suggests that miners have been selling Bitcoin at an increased rate, likely to cover operational costs as mining difficulty continues to rise. This has added additional downward pressure on price. 🔍 Key Levels to Watch Moving Forward ✅ $80,000 (Green FVG) → First major support zone ✅ $72,000 (Red FVG & Golden Pocket) → Strong liquidity draw if $80K fails 🚨 Below $72,000 → Potential retracement toward the 64K-65K region 📢 Final Thoughts: What’s Next for Bitcoin? Bitcoin is at a critical inflection point whether we hold $80K or drop toward $72K will determine the next major trend. The current breakdown suggests more downside in the short term, but these lower levels could offer an excellent buying opportunity for long-term investors. With upcoming regulatory decisions, macroeconomic uncertainty, and potential geopolitical factors, traders should remain cautious and watch key support levels closely. 👉 Are you buying the dip, or do you think Bitcoin has further to fall? Let me know your thoughts in the comments! 🚀📉
KRAKEN:BTCUSDShort
by TehThomas
6
Bitcoin Dropped Below $80k: Will This Nightmare Will Be Stopped?Hello, Skyrexians! Despite the extreme fear tonight BITSTAMP:BTCUSD continues going down and finally broke $80k. Investors are panic selling right now and don't know what to do. But we pointed out earlier that the most impulsive part of bull run ahead and current dump is just the correction. Let's take a look at the weekly time frame. Here we can see that the potentially strongest reversal signal has been broken. We are talking about divergence with AO. That is the reason why we marked that waves 1 and 2 like you see on the chart. According to this counting we can see that wave's 3 targets are at the $140k and $190k. At the same time we wanna tell you that the strong resistance is located at 1 Fibonacci level at $110k and we have seen it already. Current dump is wave 2 inside wave 3. It has the target between 0.5 and 0.61. The first one has been already reached. We expect reversal from here. Moreover Fractal Trend Detector is showing us bull run support with the green zone and now we see its retest. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
BITSTAMP:BTCUSDLong
by Skyrexio
Keep it simple - set and forget !!1. Accumulate when prices are between 78,000 and 85,000. 2. Sell a portion when prices hit 120,000 to 130,000 - probably this cycle top. 3. Start accumulating again when prices drop to 57,000 to 67,000 for the next cycle. 4. Set price alerts and let it go – don’t worry about checking constantly! This way, you can stick to the plan without stressing over every price change. There’s no such thing as getting rich overnight for the average person. Achieving great things takes time and effort. Success is a journey, not a shortcut!!! NFA
BITSTAMP:BTCUSD
by Crypto7addict
1
BITCOIN trading plan 25/2/20251. Bitcoin (BTC) is currently showing signs of a potential sell opportunity, with a target set at $82,000. 2. Traders should closely monitor market trends and resistance levels before executing any sell orders. 3. If Bitcoin approaches the $82,000 mark, it may face profit-taking pressure, leading to a price correction. 4. Technical indicators, such as RSI and moving averages, can provide additional confirmation for the sell strategy. 5. Market sentiment and external factors, including regulatory updates and macroeconomic trends, should also be considered. 6. A disciplined approach with proper risk management will help traders maximize profits while minimizing potential losses. 7. It is crucial to set stop-loss levels to protect against unexpected market reversals. 8. Historical patterns suggest that after reaching new highs, Bitcoin often experiences temporary pullbacks. 9. Traders should stay informed about institutional activities, as large sell-offs by major holders can impact price movements. 10. While Bitcoin remains a strong long-term asset, short-term traders can capitalize on volatility by strategically selling at key resistance levels.
BITSTAMP:BTCUSDShort
by XAUUSD-Trade-ideas
6
Bitcoin Upward WavesSince the previous Bitcoin Impulse wave analysis got very long, here the subsequent analyses for Bitcoin Upward waves will be presented. Anyway, continuing from the last analysis; the correction started when Bitcoin touched the major channel's upper line and the horizontal resistance area (The chart of previous analysis is provided for reference in blow). There are two possible areas for the current Bitcoin't correction wave. The first is the purple triangle, and the second is the orange one. The only difference between these two areas is that if the Bitcoin reaches the orange triangle, the major ascending channel will be invalidated, since Bitcoin has breached the channel's bottom. Let's see what happens.
BITSTAMP:BTCUSD
by SaeedSalehinia
4
It's Time for Bitcoin's Future Trend!As I mentioned in my post yesterday, there was a possibility of the price dropping to the 0.5 Fibonacci zone, from which I expected active buying followed by a trend reversal for Bitcoin and the entire crypto market. The price of Bitcoin has dropped to the 0.5 Fibonacci level, and this was enough to trigger a reaction. We’ve already seen a +2,000 price bounce, and there may still be some volatility with price movements up and down, but a drop below 82k is unlikely. I’m waiting for the daily candle to close, after which I will consider my strategy for opening a position.
Long
by GarateTradeCrypto
BTC UPThe price of Bitcoin has dropped to $84,676.29, reflecting a 4.52% decline. The chart highlights a sharp downward trend followed by potential recovery, indicated by two upward arrows. Key levels marked include a resistance zone around $89,460 and a higher potential target near $94,000. The volume bars at the bottom show trading activity, while the right panel lists other market assets and their percentage changes. A news alert at the bottom mentions Bitcoin falling below $84K for the first time in three months. The analysis suggests a possible bounce back towards resistance levels, but market conditions remain volatile.
Long
by cryptoking2345
Bitcoin Crash Predicted! Our Call Was Spot On! We warned on January 23rd when Bitcoin was at 109K that a correction was coming, and we identified the first support at 81K … Now, our prediction is playing out perfectly! 🎯 👀 Were you paying attention, or did you ignore the signal? 💰 Congrats to those who followed the advice and avoided massive losses! 😱 Will you keep ignoring key insights, or will you stay ahead of the market next time? ⬇️ Comment "Following" if you want more exclusive market insights! 📉 Fear should not stop you from making the right move at the right time! #Bitcoin #Crypto #Trading #BTC #MarketAnalysis #Investing #CryptoTrading
INDEX:BTCUSDShort
by stocksfox
Key Insights about #Bitcoin $BTCThe M2 line remains flat, suggesting no new liquidity entering the market. Without additional liquidity, the demand for risk assets like Bitcoin tends to stay muted. This limits the chances of a strong bullish reversal unless there's a shift in macroeconomic conditions. Bitcoin is currently trading at $86,716, near the critical $86,000 support zone. If this level fails, the next major support lies around $85,000. The RSI at 27 still signals oversold conditions, but given the lack of liquidity expansion (as shown by the flat M2), a bounce may be limited unless external factors increase risk appetite. Momentum indicators show persistent bearish pressure, with no significant divergence suggesting a strong recovery. Prediction Scenarios for Tomorrow: Bearish Scenario (Most Likely - 70% Probability)The flat M2 suggests continued liquidity constraints, favoring bearish sentiment. If $86,000 support breaks, Bitcoin could test $85,000, with a possible wick lower depending on selling momentum. Strong selling pressure could push it toward $83,000 if no short-term bounce occurs. Neutral Scenario (20% Probability)Bitcoin holds $86,000 and trades sideways between $86,000–$88,909, reflecting a lack of directional conviction in the absence of M2 expansion. This range-bound action would signal that traders are waiting for macroeconomic catalysts or increased liquidity flows. Bullish Scenario (10% Probability)A surprise uptick in M2 would increase market liquidity, potentially triggering a short squeeze. In this case, Bitcoin could bounce toward the $88,909–$91,130 resistance zone. However, without sustained liquidity growth, any rally would likely face strong rejection at these levels. Conclusion: Given the flat M2, Bitcoin is expected to remain under bearish pressure, with the most probable outcome being a retest of the $86,000 support and a potential decline toward $85,000 if this level fails. A short-term bounce is possible, but unless the Global Money Supply M2 shows signs of growth, any upward movement will likely be capped by strong resistance. Traders should monitor M2 movements closely, as any expansion could swiftly shift sentiment from bearish to bullish.
by bitfate
1
On the 8-hour timeframe, BitcoinOn the 8-hour timeframe, Bitcoin is currently trading at $87,777, following a continued downtrend. The price is approaching a key support level at $87,558, and if this level fails, the next significant support could be lower around $85,000. The RSI is at 24.6, indicating oversold conditions, which might suggest a potential short-term bounce. However, the RSI has remained in the lower region for a while, showing sustained bearish momentum. Momentum indicators show early signs of possible bullish interest, including green dots on the momentum wave, but these signals lack confirmation without stronger price action. Key resistance levels are located between $90,463 and $93,321. The price would need to break above $90,463 to initiate a meaningful recovery attempt. However, given the bearish structure and strong overhead resistance, any bullish move is likely to face rejection unless supported by high trading volume. The presence of bearish signals above the current price suggests that sellers are still in control. Without significant buying momentum, Bitcoin may continue to drift lower. If the price holds above $87,558 and the RSI begins to climb above 30, a short-term recovery toward $90,463 could occur. On the other hand, failure to hold the current support level could lead to a further decline toward the $85,000 region. Overall, the outlook remains bearish, with a chance for a short-term bounce if support holds. Traders should monitor RSI movement and trading volume for signs of a potential reversal.
by bitfate
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 and altcoin overview (February 26-27)Yesterday, Bitcoin did not follow the main scenario and completely filled the volume zone of $89,000–$86,300 (accumulated volumes). A large number of volume anomalies were released, and many market sell orders were absorbed by limit orders, but there is still no strong market buyer. To decide on buying or selling, it is worth waiting for a full consolidation above/below this zone and then making a decision upon its retest. A proper reversal will take significantly more time, so for now, it is still too early to buy Bitcoin. Sell Zones: $107,000–$109,000 (volume anomalies). $97,500-$98,400 (aggressive selling volumes). $95,000-$96,700 (accumulated volumes). $91,300-$92,600 (accumulated volumes). Buy Zones: $89,000–$86,300 (accumulated volumes). $77,000-$73,000 (volume anomalies, aggressive buying volumes). Interesting Altcoins Looking at two coins after a trend break to the long side: For AVAAI , we are considering a long from the volume zone of $0.053-$0.049 if a reaction occurs. For VINE , a long from the zone of $0.0325-$0.0314 is also considered if a reaction occurs.
by Crypto_robotics
Bitcoin’s Symmetrical Triangle Breakdown – How Low Can It Go?Bitcoin ( CRYPTO:BTCUSD ) started to fall, as I expected in the previous post ; the question here is whether the fall continues or not . Today, I want to analyze Bitcoin for you in the 15-minute time frame . Bitcoin was able to break the Support zone($93,300-$90,500) and important Support line . Bitcoin also seems to have formed a Symmetrical Triangle Pattern and was able to break the lower line of the triangle. Educational Tip : The Symmetrical Triangle is a continuation pattern where the price consolidates into a narrowing range with lower highs and higher lows. It indicates indecision, with a breakout in either direction confirming the next trend. I expect Bitcoin to drop to the targets that I specified in my chart. Note: If Bitcoin goes above $95,850, we can expect more pumps. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 15-minute 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.
Short
by pejman_zwin
34
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
Turning BTC into Revenue: MicroStrategy's Innovative ApproacMicroStrategy's Wild Ride: Navigating Bitcoin's Volatility with a "Yield" Strategy MicroStrategy (MSTR), the enterprise software company that famously pivoted to a Bitcoin acquisition strategy, has seen its stock price plummet by roughly 16% year-to-date. This downturn mirrors the broader volatility experienced by Bitcoin, which has faced significant headwinds amidst rising interest rates and macroeconomic uncertainty. However, despite the short-term turbulence, a significant portion of stock analysts remain bullish on MicroStrategy's long-term outlook, primarily due to the company's innovative "Bitcoin yield" strategy. MicroStrategy's bold decision to adopt Bitcoin as its primary treasury reserve asset, spearheaded by former CEO Michael Saylor, has inextricably linked its fortunes to the cryptocurrency's performance. When Bitcoin surges, MSTR typically follows suit, and conversely, downturns in the crypto market exert downward pressure on the stock. This direct correlation has made MSTR a high-beta play on Bitcoin, offering investors amplified exposure to the digital asset's price fluctuations, both positive and negative. The recent decline in MSTR's stock price can be attributed to several factors. Firstly, the Federal Reserve's aggressive interest rate hikes to combat inflation have dampened investor appetite for riskier assets, including cryptocurrencies. This has led to a significant sell-off in the crypto market, dragging down Bitcoin's price and, consequently, MSTR's valuation. Secondly, concerns about regulatory scrutiny in the cryptocurrency space have added to the market's unease. Increased regulatory oversight and potential crackdowns on crypto exchanges and projects can create uncertainty and dampen investor confidence. Lastly, general market sentiment towards growth stocks and technology companies has been bearish, further contributing to MSTR's decline. As a company closely associated with the tech sector and the volatile cryptocurrency market, MicroStrategy has been particularly vulnerable to these broader market trends. Despite these challenges, the bullish sentiment from stock analysts stems from MicroStrategy's unique approach to generating "Bitcoin yield." This strategy involves utilizing the company's substantial Bitcoin holdings to secure loans and generate revenue through various financial instruments. One key component of this strategy is the use of Bitcoin-backed loans. MicroStrategy has successfully leveraged its Bitcoin holdings to obtain loans at favorable interest rates, effectively monetizing its digital assets without selling them. This allows the company to generate cash flow while maintaining its long-term Bitcoin position. Furthermore, MicroStrategy is exploring other avenues to generate Bitcoin yield, such as participating in staking and lending platforms. These activities allow the company to earn interest or rewards on its Bitcoin holdings, further enhancing its revenue streams. Analysts argue that this "Bitcoin yield" strategy provides MicroStrategy with a sustainable business model, even during periods of Bitcoin price volatility. By generating revenue from its Bitcoin holdings, the company can mitigate the impact of price fluctuations and maintain its financial stability. Moreover, the company's continued accumulation of Bitcoin, even during price downturns, demonstrates its long-term commitment to the cryptocurrency. This unwavering belief in Bitcoin's future potential is seen by many analysts as a strong signal of confidence. However, the "Bitcoin yield" strategy is not without its risks. The crypto lending market is still relatively nascent and subject to regulatory uncertainties. Counterparty risk and the potential for loan defaults are also factors that could impact MicroStrategy's financial performance. Another element that is important to consider is the level of debt Microstrategy has taken on. The company has funded its Bitcoin purchases through debt offerings, and while the "Bitcoin yield" strategy is designed to cover the interest payments, a prolonged bear market could put pressure on the company's balance sheet. The success of MicroStrategy's strategy hinges on the long-term appreciation of Bitcoin. If Bitcoin's price continues to rise, the company's Bitcoin holdings will increase in value, and its "Bitcoin yield" strategy will become even more profitable. However, if Bitcoin's price stagnates or declines, the company's financial performance could be negatively impacted. In conclusion, MicroStrategy's stock price has experienced significant volatility in line with Bitcoin's performance. While the recent downturn has raised concerns, stock analysts remain optimistic about the company's long-term prospects, citing its innovative "Bitcoin yield" strategy. This strategy, which involves leveraging Bitcoin holdings to generate revenue, provides MicroStrategy with a unique business model that could potentially mitigate the impact of Bitcoin's volatility. However, investors should be aware of the risks associated with this strategy, including regulatory uncertainties, counterparty risk, and the potential for loan defaults. The success of MicroStrategy's strategy ultimately depends on the long-term trajectory of Bitcoin's price. As the cryptocurrency market continues to evolve, MicroStrategy's ability to adapt and navigate these challenges will be crucial to its future success.
NASDAQ:MSTR
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
Bitcoin Analysis and Possible predictionsBitcoin is currently trading around $88,857 after breaking below the previous support zone of $91,130. This sharp drop indicates strong bearish momentum, with the price now sitting just above the next significant support level at $88,909. A breakdown below this could open the path toward deeper corrections, possibly around $85,000 or lower. The RSI is trending downward, currently near 30, signaling that the market is close to oversold territory. However, being near oversold doesn't guarantee a reversal; the price can continue to drop if bearish momentum remains strong. If RSI bounces above 30, it might indicate a short-term relief rally. Momentum indicators are still showing negative pressure, with the money flow index remaining low, suggesting continuous capital outflow from the market. The momentum waves in the lower section of the chart continue trending downward, and there are no clear bullish divergences that would suggest an imminent reversal. Key resistance levels are now $91,130, $94,245, and $96,069. Any short-term bullish movement would likely face rejection at these levels without significant volume support. On the bearish side, a close below $88,909 would confirm further downside potential. If Bitcoin holds the current level and RSI recovers, there is a possibility of a short-term bounce to $91,130. However, given the strong bearish sentiment, the more probable scenario is a continuation of the downtrend toward lower support zones. Traders should watch for confirmation of a reversal before considering long positions, as the market remains in a fragile state with bearish momentum dominating.
by bitfate
$BTC Current Decline Analysis - 2/25/2025Update... 2/25/2025 As projected, Wave (e) has technically been completed. Does this mean the correction is over? The answer is no, for the following reasons: If the rebound holds, we can say the current 5-wave decline structure is complete. However, there's a possibility that the structure could evolve into a 7-wave formation. In this case, we need to watch for Wave (f), which could conclude at the $93,200 level (f = 61.8% a) or the $96,67x level (f=a). Let's see how it plays out! Cheers! CRYPTOCAP:BTC #BTCUSD #Bitcoin #BTC
BITFINEX:BTCUSD
by photomax
Bitcoin - Will We See a New Pump or a Major Dump?Bitcoin is currently sitting at a crucial support level, and what happens next could determine the next big move. The price has been ranging between two key zones, with strong resistance above and a major support area below. Right now, BTC is testing the lower boundary of the range (green zone), which has acted as strong support in the past. However, if this level fails to hold, we could see a significant drop, potentially filling the open imbalance in the $80K region. 🔹 Key Levels & Market Scenarios 🔹 🔸 Crucial Support at the Bottom of the Range This area is a make or break level for Bitcoin. If buyers step in and defend it, we could see a reversal back toward resistance. But if this level gives way, it opens the door for a much larger sell-off toward $80K, where an imbalance remains unfilled. 🔸 Point of Control (POC) The red line represents the Point of Control (POC), the level with the highest traded volume in this range. A break and retest of this level would be a bullish confirmation, signaling that buyers are gaining control. In this scenario, we could see Bitcoin push toward the upper resistance (green zone above $99K-$100K). 🔸 Bearish Bias for Now While there is a chance for a bounce from support, the overall market structure leans bearish. Price has failed to sustain higher highs, and with repeated tests of support, a breakdown becomes more likely. 📌 Trading Plan & Potential Scenarios ✅ Bullish Scenario: Price holds above support, bounces, and reclaims the POC (red line). A break and retest of the POC would confirm bullish momentum, leading to a push towards $99K-$100K resistance. ❌ Bearish Scenario (More Likely for Now): If support fails to hold, Bitcoin could see a sharp sell-off toward the $80K imbalance. A rejection from the POC without a breakout would reinforce the bearish trend, making lower prices more likely. Here are those imbalances at 80k range: 🚨 Final Thoughts – Will Bitcoin Hold or Break? 🚨 Bitcoin is at a critical decision point. If buyers step in here, we could see a push back towards resistance. However, if this key support breaks, we might be looking at a much deeper correction toward $80K. For now, the bearish case seems stronger unless we see a solid reclaim of the POC (red line). Traders should stay cautious and wait for clear confirmations! __________________________________________ Thanks for your support! If you found this idea helpful or learned something new, drop a like 👍 and leave a comment—I’d love to hear your thoughts! 🚀 Make sure to follow me for more price action insights, free indicators, and trading strategies. Let’s grow and trade smarter together! 📈✨
by TehThomas
2