Bitcoin’s December Outlook: Consolidation or Trend Reversal?Bitcoin Bull Market: Is It Over? A Closer Look at December's Impact
Bitcoin (BTC) has demonstrated resilience in December, with a modest decline of less than 2.5% as traders anticipate the crucial monthly and yearly candle close.
BTC Price Performance in December
Despite being approximately $15,000 below its recent all-time highs, BTC/USD has only depreciated by 2.4% compared to its December opening. This positions Bitcoin as a strong performer in 2024, with the broader bull market narrative remaining intact upon a long-term perspective. Analysts project a potential 145% price increase for Bitcoin from this year's levels.
Key Insights for the Week
The coming week holds significant importance for Bitcoin's trajectory. A weekly candle close below $92,800 could signal the start of a bearish trend, potentially driving prices toward $79,580 and $71,400 in January. Conversely, if Bitcoin stabilizes above $92,800, it is likely to trade within the range of $92,800 to $103,760.
For a renewed bullish outlook, a daily candle close above $103,560 is critical, as it would pave the way for upward movements toward $127,510 and $149,100.
Key Levels to Watch
Pivot Line: $92,800
Support Levels: $79,580, $71,400, $64,920
Resistance Levels: $103,757, $127,511, $149,100
Trend Outlook
Consolidation: Between $92,800 and $103,760
Bearish Trend: Below $92,800
Bullish Momentum: Above $103,560
Bitcoinprice
Why I’m Bullish on BTC Right NowShort-Term BTC Analysis
After a recent correction, Bitcoin seems primed for a short-term uptrend. Here’s why:
Technical Signals Point to a Rebound:
• Volume Surge: November 11 saw a 3x volume spike at key price levels, suggesting strong buyer interest.
• Bollinger Bands: The bottom band is providing support, signaling oversold conditions.
• 50 MA: The 50-day moving average is also acting as a support level, adding to bullish momentum.
• 10% Decline Factored In: BTC already corrected by 10%, clearing some of the overbought conditions.
Trend Analysis:
• The overall trend remains bullish.
• A key support line has been tested successfully, while a resistance line has flipped to support after being tested twice—classic bullish behavior.
With strong fundamentals and technical signals aligning, Bitcoin looks ready to move upward in the near term.
Stay tuned for updates and insights!
Don’t forget to like, share, and follow for more crypto market analysis. Let’s make the most of these opportunities together!
IBIT | Be PatientThe market is declining rapidly, and Bitcoin remains highly volatile, making it dangerous to take risks in the current environment. I have marked the HTF (High Time Frame) demand zones as critical areas to monitor.
Trades should be based on the reactions observed in these demand zones on lower timeframes. This approach helps minimize risk while identifying potential entry points with stronger confirmation.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
Bitcoin in 2024: Key Trends, Recent Developments, and Future OutBitcoin in 2024: Key Trends, Recent Developments, and Future Outlook
H ello,
Bitcoin, the world’s first and most prominent cryptocurrency, continues to dominate the digital asset landscape in 2024. Amid a rapidly changing environment shaped by regulatory updates, technological advancements, and shifting market dynamics, Bitcoin remains at the forefront for investors, institutions, and blockchain enthusiasts. Here, we explore the key trends, recent developments, and risks influencing Bitcoin’s journey.
Market Trends and Sentiment
Bitcoin’s performance in 2024 has been marked by volatility and resilience. Following a period of price consolidation in 2023, renewed interest in Bitcoin has surged this year, fueled by macroeconomic factors like inflation concerns, geopolitical tensions, and increasing institutional adoption. This renewed focus propelled Bitcoin to a new all-time high of over $103,000 in December 2024, reflecting both strong demand and fluctuating investor sentiment.
The bullish outlook is largely driven by institutional adoption. Major financial institutions have expanded their Bitcoin offerings, including exchange-traded funds (ETFs), custody solutions, and Bitcoin-backed loans. The U.S. Securities and Exchange Commission (SEC)’s approval of several spot Bitcoin ETFs earlier this month has been a game-changer, attracting traditional investors and enhancing Bitcoin’s accessibility. Conversely, bearish sentiment arises from persistent regulatory uncertainties, particularly in the United States, where stricter scrutiny of exchanges continues to cast a shadow over the market.
Regulatory Landscape
Regulation remains a pivotal yet contentious aspect of Bitcoin's growth. In 2024, several countries introduced comprehensive cryptocurrency frameworks, offering much-needed clarity for the industry. For instance, the European Union’s implementation of the Markets in Crypto-Assets (MiCA) regulation has set a benchmark for crypto governance within the bloc, increasing investor confidence.
Meanwhile, emerging markets such as India and Brazil have embraced Bitcoin as a tool for financial inclusion, fostering widespread adoption. However, not all regulatory developments have been favorable. The U.S. SEC’s cautious approach has delayed approvals for certain cryptocurrency innovations while increasing oversight on exchanges. This dichotomy between proactive and restrictive regulatory environments will continue to shape Bitcoin’s adoption and growth.
Technological Advancements
Bitcoin's technological foundations have seen notable progress in 2024, reinforcing its utility and appeal. The Lightning Network, a second-layer solution designed to enable faster and cheaper transactions, has gained significant traction. This technology enhances Bitcoin’s potential to function not only as a store of value but also as an efficient medium of exchange.
Sustainability has also become a focal point in Bitcoin mining. Renewable energy now powers a significant portion of mining operations, addressing previous criticisms about Bitcoin’s environmental impact. These advancements reflect a broader industry shift toward greener practices, appealing to environmentally conscious investors.
Adoption Trends
Bitcoin’s integration into both institutional and retail financial systems continues to deepen. Institutional adoption has reached unprecedented levels, with leading asset managers incorporating Bitcoin into their portfolios and major banks offering Bitcoin-related services. Retail adoption has also grown, with more merchants and platforms accepting Bitcoin as a payment method.
The rise of Bitcoin-backed financial products, including derivatives and tokenized assets, highlights its maturation as a financial instrument. Bitcoin’s increasing prominence in traditional finance signals its evolution from a niche digital asset to a key player in the global economy.
Recent Developments Influencing Bitcoin’s Price
Spot Bitcoin ETFs: U.S. approval of spot Bitcoin ETFs in December 2024 was a watershed moment, enabling easier access for traditional investors and driving Bitcoin’s price to new highs.
Regulatory Clarity in Europe: The EU’s MiCA regulations have bolstered confidence among European investors and institutions, fostering a secure environment for Bitcoin operations.
Emerging Market Adoption: Nations like Brazil and India have integrated Bitcoin into their financial systems, viewing it as a means of promoting financial inclusion.
Geopolitical Instability: Tensions in global markets have reinforced Bitcoin’s role as “digital gold,” attracting investors during times of uncertainty.
Sustainability Efforts: Renewable energy adoption in mining has improved Bitcoin’s environmental profile, drawing in environmentally conscious stakeholders.
Risks and Challenges
Despite its progress, Bitcoin faces significant challenges. Regulatory uncertainty in jurisdictions with restrictive policies remains a key risk. The SEC’s ongoing scrutiny in the U.S. underscores the hurdles Bitcoin must overcome in certain markets. Market volatility continues to deter risk-averse investors, while competition from other cryptocurrencies and blockchain platforms could dilute Bitcoin’s dominance.
Security remains another area of concern. While Bitcoin’s blockchain itself is highly secure, vulnerabilities in exchanges and wallets expose users to hacks and fraud. Education on best practices and enhanced security measures will be critical to maintaining trust within the ecosystem.
Looking Ahead
The future of Bitcoin in 2024 and beyond will depend on its ability to address these challenges while capitalizing on its opportunities. Key developments to watch include further regulatory evolution, ongoing advances in scalability and energy efficiency, and the continued integration of Bitcoin into traditional finance.
Bitcoin’s journey from a niche digital asset to a globally recognized financial instrument underscores its resilience and adaptability. As decentralized finance and digital currencies continue to evolve, Bitcoin remains at the forefront, shaping the future of the cryptocurrency landscape.
Regards,
Ely
DAY 4 - Daily BTC UpdateContinuing my 7 Days of CRYPTOCAP:BTC - Day 4
There are a couple of different moves for BTC, as follows:
🎁 1st Pattern: Christmas Present on the Way!
This pattern hints at a potential holiday rally—Bitcoin might be wrapping up a bullish gift for us just in time for Christmas. Keep an eye on the levels forming as the market prepares for a festive push!
(Must hold the low)
🌱 2nd Pattern: Kicking Off the New Year Green!
Should pattern 1 break down - The New Year could start on a bullish note! This pattern shows Bitcoin gearing up for a strong January, potentially setting the tone for 2025. Stay tuned—this could be the start of something exciting!
📊 Fear & Greed Index:
Dipped to 55, cooling off and setting the stage for the next big move. Historically, this range signals a prime setup for a bull market. Sentiment is resetting, and the crypto crowd is getting ready to charge.
When you step away and think you have a moment to celebrate, Bitcoin may have other plans.
Keep a close watch on these setups—volatility loves the holiday season. 🚀🚀🚀
Bitcoin Alpha ReportMonday Alpha Report
2024 12 23
Bitcoin
Following a heart-gripping correction to ~$92,000 Bitcoin rallied slightly to re-test our ascending level of support, taking several forms from the diagonal trendline on the Daily Timeframe, to the 200 SMA on the 4H Timeframe.
Bitcoin now finds itself back at ~$93,000 after failing to sustain above $95,000 - a level I have continually highlighted as critical to maintaining this currently rally. The longer Bitcoin sustains underneath $95,000 - more downside risk emerges.
My current worst-case scenario is a retracement to $75,000 - $80,000. However, currently there are no fundamentals that fully support this. This worst-case target is based on the prevailing CME Futures Gap, the previous consolidation level sustained throughout the ‘Summer Doldrums’, and the projected vicinity of the Daily 200 SMA.
Keep in mind, that Bitcoin often performs very strongly into Christmas, so it is still possible we get our ‘Santa Rally’. If that occurs, the critical level to watch will be $100,000 - $104,000. That would be the projected ‘Lower High’ target if Bitcoin is to rally into the end of the year yet still maintain it’s trajectory for a longer-term correction.
I remain optimistic that we can still reach the price target of $120,000 by Trump’s inauguration - however there is a time to be bold and a time to prepare and manage downside risk - unfortunately this is the later.
In addition, Michael Saylor’s comments have failed to bring enthusiasm to the markets this morning. Recent reports suggest that MSTR plans to pause Bitcoin purchases in January due to a ‘self-imposed blackout period’. This pause is expected to last through January, resuming after the company’s earnings call in early February 2025.
Therefore, applying a timeline to our scenarios, if Bitcoin fails to rally into Trump’s inauguration, and we did indeed just experience a local top, I expect sluggish if not downward price action through the beginning of the year with the rally to resume in February-March. That will give time for two critical catalysts to occur: MSTR’s renewed buying, and a chance for the Fed to pivot to a more dovish tone and ramp up or provide more clarity on rate cuts - the catalyst which I believe is primarily responsible for Bitcoin’s current rally.
In summary, traders should be prepared to act tactically upon trading signals, with optimism, however be prepared for a several month slump. This last part should be viewed with great optimism however, because a correction now for several months almost guarantees a right-handed cycle that will extend deep into 2025 for cryptocurrency.
In short: we might be experiencing a local top, but we are most certainly not experiencing a cycle top.
Trends:
5M: Bearish
30M: Bearish
1H: Bearish
4H: Bearish
Key Levels:
Point of Control: $95,373
VWAP: $94,568
Value Area Low: $92,143 - $93,798
Value Area High: $95,804 - $96,991
Resistance: $99,500
Support: $86,900
Strategy:
Price is currently trading in the Value Area Low for the day, after experiencing a sell-off and a rejection from $94,000. Traders can position for a potential double-bottom, and target today’s Value Area High in the short-term and optimistically a Christmas rally into $100,000 - $104,000.
Focus on managing down-side risk however, as prices below $92,000 will likely trigger another wave of sell-offs as liquidations are forced and fear is in the air.
Bitcoin (BTC): What’s Next After This Correction?Good morning, trading family!
Bitcoin ( CRYPTOCAP:BTC ) is in a correction, and here’s what could happen next:
Option 1: BTC corrects to the $84K range and then makes a move to $11K+.
Option 2: We drop further into the $74K zone, then push higher.
Option 3: A deeper drop to the $60-$55K zone, followed by a recovery.
These are the levels I’m watching. Let’s stay focused and be ready for the next big move!
Wellness Challenge:
I challenge you to try one of the wellness tips that I added to my videos that I did today ! It could be drinking more water, eating better, or taking short breaks. Pick one and stick with it for a week—let me know how it works for you!
Comment, like, follow, or send me a message if you want more details or want to share how your challenge is going!
Kris/Mindbloome Exchange
Trade What You See
BTC/USD "Bitcoin" Crypto Market Heist Plan on Bearish Side🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the BTC/USD "Bitcoin" Crypto market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📉 : You can enter a short trade at any point,
however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest high level.
Goal 🎯: 90,000
Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
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bitcoin act!I think Bitcoin will fall to the support level of 71510 and reach its critical range. The support line of 71510 is very important. If it is broken, the price of Bitcoin will easily fall to 51000. If it does not, the price will rise again from this support line. In my opinion, it is suitable to take a short position to 71510 right now.
Bitcoin Price Target
If Bitcoin loses the 90K region there will be a measured move to 73-76k area. I get this from the high to the support area which places BTC at 73k area. This aligns with several Altcoins that have measured moves back to pre-election. This makes total sense to me that the market will revert to pre-election for a major fake-out.
"In markets, gravity always wins."📉 Bitcoin Analysis (BTC/USD) 📉
Bitcoin's meteoric 100% rise since September screams overextension. The euphoria may be fading, and a correction looks imminent.
🔻 Key Levels to Watch:
$73,800: The first major support—breaking this could accelerate the drop.
$65,600: A likely target if bears take full control.
The chart suggests BTC is overdue for a pullback. Corrections after such rallies aren’t just likely—they’re inevitable. Bulls, buckle up. Bears, this might be your moment.
"In markets, gravity always wins."
BTC/USDT: Breaking Free from a Descending Broadening WedgePattern Breakdown:
Descending Broadening Wedge:
Characterized by lower highs (LH) and lower lows (LL), this pattern reflects increasing volatility and a potential exhaustion of selling pressure.
Historically, these patterns often resolve to the upside as buyers reclaim control.
--------------------------------------
Current Structure:
BTC has bounced from the lower boundary of the wedge, showing signs of a bullish reversal.
The price action aligns well with the theoretical breakout strategy depicted in the diagram, highlighting a high-probability long setup.
--------------------------------------
Key Levels to Watch:
Immediate Resistance: The upper boundary of the wedge around $98,000 serves as the first hurdle.
Breakout Target: A successful breakout above $98,000 could push BTC toward the highlighted supply zone at $101,200-$102,000.
Support Levels: Critical support rests near $93,500, where bulls need to maintain control to preserve the bullish outlook.
--------------------------------------
Momentum Indicators:
Volume: A noticeable decline during the wedge's formation suggests consolidation, often preceding a strong breakout.
Relative Strength Index (RSI): The RSI is turning upward from oversold levels, signaling increasing buying pressure.
--------------------------------------
Trade Setup:
Entry: Watch for a confirmed breakout above $98,000.
Targets: The first target lies at $101,200, with the potential for further upside toward $105,000 if momentum sustains.
Stop Loss: A break below $93,500 invalidates the bullish scenario.
Bitcoin BTC Has Almost Finished Correction: Huge Gains Ahead!Hello, Skyrexians!
We hope you made a right decision when received the warning sign by our Bullish/Bearish Reversal Bar Indicator from our previous Bitcoin analysis . Now we see that this correction is happening right now and there is some space to go down more but not that much as you may be think.
Let's take a look at the daily BINANCE:BTCUSDT chart. We can see that our indicator has printed the red dot at the top of the wave 3. After that this dump has been started. This is wave 4 and it has the clear target between 0.38 and 0.5 Fibonacci levels. Therefore we can conclude that max target which price can reach before the reversal is 84k, but it's more likely the reversal will happen earlier, at $89k.
When correction will be finished we can expect the wave 5 with the optimistic targets between $120k and $140k. Here is nothing change from the last analysis. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView .
Best regards,
Skyrexio Team
___________________________________________________________
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Bitcoin's Next Move will Reach $104,500Looking at the CRYPTOCAP:BTC 4-hour time frame, if the RSI bounces from the oversold region and forms a bullish divergence, there’s a higher likelihood of a retest of the $104,500 area before price revisits the major support zone between $90,000 and $85,000.
In the second scenario, if a new all-time high (ATH) is broken, the trend will likely continue upward. However, it's unlikely that this will occur without first testing the $90,000 to $85,000 support zone.
Doge, Bitcoin and the Monthly LMACD Let me start by explaning what you are seeing here, at the top is Bitcoin , bellow doge and the bottom is the LMACD on the monthly time frame for Bitcoin. As I have stated in multiple occasions bull markets typically last for about 26 bars or 793 days(green histograms of the LMACD). Once those 793 days ends you see the LMACD crossing bearish and starting the transition to the bear market. Using this pattern I came to the conclusion that this bull market should be running till Sep2025. Now if you look closely the 2017 cycle top arrived 4 bars(months) before the the end of the bull market, 2021 cycle top around 5 bars and maybe 2025 cycle top would be 6 bars before Sep. This might suggest topping in March2025 for BITCOIN and exactly 1 bar after this the DOGE top in April2025.
Bitcoin Breakdown, Pi Cycle Top Projections, and USDT.D UpdateIn this video I break down what I'm seeing with Bitcoin and the possibility for an even deeper correction into the Green Buy-Block zones.
I also revsit my Fibonacci projections for this cycle, with initial targets of up to $150k and ulitmately a $200k high target based on the 3.618 Fib retracement projection.
There's confluence with these targets using the measured moves from the recent Bull Flag breakout as well.
The BIG question is, where do we go from here?
Here we check out the Pi Cycle Top indicator, and I make some potential projections...
And propose the idea of a dual-cycle top, like we saw in 2013.
It makes sense, that we see a Jan / February pump to new highs, followed by a recessionary bust in Q2 (March) into the summer and potentially into Q3.
But then rally strongly up from there in Q4 as Oct, November and December are typically very bullish in a 4 year cycle. Either way, I think $200k is the cycle top, if we can get there.
The USDT.D study has also been updated, to show 'sticky' support here on the lower trendline, allowing BTC to push higher again above $100k and even rally higher per above. But then we'll likely see a reversion to the mean, with the USDT.D and Total Market Cap / Bitcoin prices.
Check out the video, and share some love with a Like, Comment, and Share.
Best to luck to everyone!
- Brett
Bitcoin Crucial Support LevelBitcoin is still showing strong Support around the: GETTEX:92K zone area. Multiple times this area has been retested. Until we break bellow, I’m still optimistic🚀
Bulls have still managed to prevent the bears pushing price action further to the downside 👀😬
Remember this was just a correction, not a crash 💥 🙌🏻
Bitcoin Fed Can’t Hold Bitcoin, No Plans Yet To Change Law, Powell Says
Jerome Powell says the Fed isn't allowed to own Bitcoin.
He also says the bank cannot create a stockpile of digital assets.
The market immediately reacted to Powell's statement, sending Bitcoin's price down by 5.7%.Bitcoin Decline Continues: Are Bulls Losing Control?
Bitcoin price extended losses and traded below the $100,000 zone.
BTC is struggling and might continue to move down toward the $92,000 support zone.
Bitcoin started a fresh decline from the $102,000 resistance zone.
There is a key bearish trend line forming with resistance at $98,500.
Glassnode's Week on Chain report revealed the similarities between the current Bitcoin uptrend and previous cycles amid changing market conditions. Meanwhile, long-term investors began distributing their tokens at the $100K level, culminating in a new all-time high of $2.1 billion in realized profitsAccording to blockchain analytics firm Glassnode's weekly report, Bitcoin's current price performance has a striking resemblance with the 2015-2018 and 2018-2021 cycles despite the changing dynamics in its market structure.
Like previous cycles, the selling pressure that accompanies sustained price increases has remained but at a much lower pace. The deepest drawdown in this cycle occurred on August 5, 2024, when prices dropped 32% below their peak
Bitcoin | Low Timeframe TradeIf the market breaks below the red line, I will place an order at 98.464$ as shown in the figure. This is a low timeframe trade and please do not take too much risk on it. I usually do my analysis in the high timeframe and take most of my risk there.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
Bitcoin: How to Trade the Ranges Like a ProWe are in a relative range.
The reactions from the 0.5 levels are proof of this.
In a similar analysis, I had previously made one of the best trades that could be made in BTC.
The manipulations of this range at the 0.25 and -1.25 levels are not very regular.
Also, the movements it makes are far from creating symmetry, so we cannot compare this analysis to the previous one.
How to trade here? First of all, we are not in any serious demand area and it would not be wise to assume that there is any serious resistance range.
So what will we do? We will try to find entries from the upper and lower parts of this range. My short analysis on the upper part is available here.
The initiative at the bottom can be the Range Low and the green line.
So can the price continue down without giving a short opportunity? Of course it can, in this case our stop loss order will be triggered. I don't like to take high risk in such non-serious demand areas. However, I don't want to neglect a point that can give 1 to 3-4 in the lower area of the range. If my long order comes, I will take a large part of my profit on the upper part of the range, pull my stop to the entry and open the short trade.
Don't hesitate to carry two trades in two directions, especially if the price seems to form a range. And when the price starts to go voluminously below or above the range, definitely let your stop order be executed and stop your loss.
If you think this helps you, please don't forget to boost and comment on this. These motivate me to share with you.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec20, 2024Technical Analysis and Outlook:
Bitcoin's spectacular pullback to Mean Sup 91800 is noted. We anticipate a rebound to the upside, targeting the key Resistance level of 106000. Nevertheless, it is essential to acknowledge that a retest of the Mean Support level 91800 remains a plausible scenario.
Bitcoin & Macro Analysis fo 2025From previous analysis, BTC on target and Hit Fibonacci Extension 1.272 at $108.000
And rejected from this area
For now, BTC need pullback before continuing rally
You can see pullback area at :
- Fibonacci Retracement 0.236
- Fibonacci Retracement 0.386
- Fibonacci Retracement 0.5
Be cautious with your decisions, especially for 2025 , as the Dec 2024 Summary of Economic Projections release has impacted the market. Macro economic conditions are solid, but the Fed's decision left the market disappointed.
After release Summary of Economic Projections Dec 18 FOMC, market was disappointed since The Fed's forecast cut rates only 2x or maybe just 1x (3.9) instead of 4x as SEP projected in September (3.4).