Get started

Bitcoinprice

Bitcoin(BTC/USD) Daily Chart Analysis For Week of Feb 28, 2025Technical Analysis and Outlook: At the beginning of the week, Bitcoin was observed trading at a lower level, close to the Mean Support level of 95700. It could not reach our predetermined Mean Resistance level marked at 98300, which can be attributed to a substantial decline that occurred, resulting in the completion of our Outer Coin Dip between 89000 and 78700. Following this decline, Bitcoin experienced a robust rebound to the Mean Resistance level of 86200. This upward trend indicates the potential for higher prices as it will target Mean Resistance levels at 89200 and 92600, respectively. However, a retest of the Key Support level at 79000 must occur before further upward movement may take place.
BITSTAMP:BTCUSD
by TradeSelecter
1
Bitcoin BTC Is Ready To Take Off!Hello, Skyrexians! Yesterday we pointed out that 0.5 Fibonacci has been reached at $80k and this dump will not continue. Today we have a great bounce above $85 and the great chart to be sure that our previous scenario is right. Let's take a look at the daily time frame. As usual we have the 5 Elliott wave cycle which has been started at GETTEX:49K and finished at $110k. Then the current correction has been started. Yesterday this ABC zigzag has reached the 0.5 Fibonacci retracement and bounced back. The great thing is the green dot on the Bullish/Bearish Reversal Bar Indicator inside the target zone. This gives us 90% probability that price has found the bottom and ready for the next huge wave to the upside. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Long
by Skyrexio
Bitcoin Timeframe 1h Clear Bullish Broadening Wedge Target 89kI see the BTC Pattern in the 1h timeframe where there is the potential to form a descending broadening wedge pattern where the main target for the increase if the breakout is valid is at a price of $ 89k. Of course we need to see another correction as confirmation if BTC does form this descending broadening wedge pattern. For the closest confirmation as the bitcoin retest area is at a price of $ 82k. Then if bitcoin can bounce off that price and can breakout above the trendline broadening wedge make bullish trend will continue to $ 96k. But if bitcoin dumps so that it makes a New Lower Low I think the red line $ 77k. is very likely to be visited because it is the lowest line area of ​​the descending broadening wedge pattern.
Long
by Jaya_Bahari
Trump and Zelenskyy Clash | I Predicted BTC crash week ago As I mentioned a week ago, Bitcoin (BTC) was poised for a correction, and we’ve now seen this play out over the past few days. On the 1D timeframe, Bitcoin tested its Fair Value Gap (FVG) and reversed from that zone. Today’s closing candle showed some bullish pressure, indicating a potential reversal toward the 90,000 – 92,000 range. The FVG was tested cleanly, and the reversal was strong. What’s Next? Donald Trump and Zelenskyy Clash While the market showed a healthy reversal from the FVG, recent news of a clash between Donald Trump and Zelenskyy at the White House has introduced uncertainty. Trump’s statement that “President Zelenskyy is not ready for peace” has created a negative sentiment in the market. If tensions escalate further, this could lead to a bearish impact on the market, as geopolitical instability often weighs on risk assets like Bitcoin. Expected BTC Zones Given the current situation, here are two possible scenarios: Scenario 1: Bearish Impact from Geopolitical News If the clash between Trump and Zelenskyy escalates and fear spreads in the market, Bitcoin could drop to the 73,500–76,000 zone in the coming days. Scenario 2: Recovery Continues If the news has a limited impact and the market stabilizes, Bitcoin could continue its reversal from the FVG and gradually move back toward the $92,000 zone. Key Takeaways: Trade with Caution: Given the current geopolitical developments, it’s crucial to trade carefully and use stop losses to protect against sudden market moves. Monitor News: Keep an eye on further developments between Trump and Zelenskyy, as they could significantly influence market sentiment. Note My goal is to simplify the chart and help you understand the price action clearly. I avoid overloading the chart with unnecessary indicators or creating confusion. My analysis focuses on keeping the chart clean and straightforward. Thank you!
Short
by The_Chartist30
Bitcoin Finds Strong Support – Is a Reversal on the Horizon?hello guys Bitcoin recently completed a crown pattern, a bearish reversal formation that signaled a downward move. As expected, BTC followed the pattern structure and reached its target. Currently, the price has touched two critical technical levels: ✔ The balance line – A key horizontal support zone ✔ The ascending trendline – Acting as dynamic support from previous lows This confluence of support suggests that BTC might be at a potential reversal zone. However, while the conditions seem favorable for an upward movement, we need additional confirmation. Possible bullish signals to watch for include: A strong bullish candlestick pattern (e.g., engulfing, pin bar) Increased buying volume A break above the nearest resistance level If BTC maintains this support, we could see a recovery towards $90K+ levels in the short term. Otherwise, a breakdown below the trendline may trigger further downside.
by melikatrader94
2
Short-Term Bitcoin Balances at 2024 Lows: A Cooldown SignalThis chart tracks the total Bitcoin balance held by short-term holders, a key barometer for speculative interest. Recently, these balances have declined to their lowest levels since October 2024 and remain on a downward trajectory. This drop mirrors the broader pullback in Bitcoin’s price, and this combination historically signaled cooldown phases in the market, as shown in the red box. While such phases often involve short-term weakness, they also help reset market conditions and can pave the way for healthier, more sustainable price growth.
CRYPTO:BTCUSD
by IntoTheBlock
Bitcoin Has Dropped $20K in a Single Week! Where’s the Bottom?Hey followers, Crazy times, huh? I was just looking at the Bitcoin chart, and I don’t see any other week in history with a $20K retracement, absolutely wild. I haven’t done much BTC analysis lately, but the last time I did, I warned: “Money on your screen won’t feed your family—turn it into real gains.” Well, here we are. Once again, two simple criteria have proven their ability to predict profit-taking areas and potential corrections: 📌 Channel projection 📌 Equal waves Now, with this massive sell-off, it’s time to hunt for strong support zones. Percent-wise, the weekly drop might not be extreme, but in raw dollar terms, it should be the biggest in BTC’s history. So, where could this madness stop? For me, the 48K–$66K range is where things get interesting. Somewhere inside this zone, I expect a reaction, and I’ll be looking for possible reversal setups. Let’s break down the key reasons why this area is a potential landing spot: 🔹 1. Previous yearly highs acting as support In 2021, Bitcoin saw two major sell-offs in the $60K–$70K range. Then, in early 2024, the same zone acted as a strong resistance before BTC finally broke through. When a zone like this is left untested, it often pulls the price back like a magnet for a retest, a classic case of liquidity seeking validation. That’s why this area forms the foundation of my support box. 🔹 2. Short-term trendline alignment This trendline, drawn from wick touches, is valid because the third touch happens higher than the peak between the first and second touches, comes to retest the trendline from higher high levels (HH). Even though it’s short-term, it perfectly aligns with the horizontal support zone, adding extra confluence. 🔹 3. 50% retracement from the all-time high From my past crypto analysis, BTC loves its 50% retracements from all-time highs—like clockwork. And guess what? This level perfectly overlaps with the marked support zone, reinforcing its strength. 🔹 4. The psychological $50K level Round numbers play a big role in trading, humans love them. Back in August 2024, $50K acted as a key level. I even mentioned on a local radio station earlier that year that buying the dip around here could be a smart move… and, well, lucky me, it worked out. :) So once again, this simple but effective criterion strengthens the case for this area. Putting all these criteria together: Summary: The more confluences in a single price zone, the stronger it is. Sure, we could add some fake trendlines or EMAs, but for me, price action and human psychology tell the real story. Think of it like tracking footprints in the snow, BTC leaves clues, and it’s our job to follow them. - For long-term believers, this zone could be a solid place to accumulate more BTC. - For those looking to enter Bitcoin for the first time, this is the area to watch. What do you think? Are we heading lower, or... 🚀If you like the analysis, hit the boost as well🚀 Cheers, Vaido --------------------------- 📢 Want more in-depth technical analysis? I post similar insights on my Substack channel, where I break down technically strong stocks worldwide by saving you time and helping grow your portfolio. I do the technical analysis, so you don’t have to! 🔗 Find the link in my BIO (under the Website icon) , or if you're using mobile just scroll down to my signature to choose your preferred language. See you there!
COINBASE:BTCUSDLong
by VaidoVeek
1
Bitcoin (BTC/USD) Technical Analysis & Trading PlanBitcoin (BTC/USD) Technical Analysis & Trading Plan – February 28, 2025 Market Overview The Bitcoin (BTC/USD) price is currently trading at $79,770, showing a -0.74% decline in the latest 4-hour candlestick. The chart illustrates a falling wedge trading pattern, which is considered a bullish reversal signal. The price is approaching the lower boundary of the wedge, signaling a potential breakout to the upside. Technical Indicators & Key Observations Falling Wedge Pattern: The price has been making lower highs and lower lows within a falling wedge formation (red and green trendlines). A breakout above the upper boundary of the wedge could trigger a strong bullish rally. Support and Resistance Levels: Immediate support: $76,665 Major support: $67,679 Key resistance levels: $88,671 $91,271 $95,497 $108,329 (Major long-term resistance) Momentum Indicators: RSI (Relative Strength Index): 22.26 (oversold), indicating potential upward momentum. Stochastic Oscillator: 16.14, also in the oversold region, confirming a possible reversal. Money Flow Index (MFI): Showing weak inflow, but a reversal at these levels could indicate increasing buying pressure. Cipher_B Divergences: Potential bullish divergence forming, adding confluence to the breakout scenario. Professional Trading Plan Entry Strategy Aggressive Entry: If Bitcoin closes a 4-hour candle above the wedge's upper trendline (~$80,500), an early entry can be considered. Conservative Entry: Wait for confirmation above the $82,000 level with strong volume before entering a long position. Profit Targets First Target: $88,671 (previous local high) Second Target: $91,271 (psychological level) Third Target: $95,497 (strong resistance) Ultimate Target: $108,329 (major long-term resistance) Stop-Loss Strategy For aggressive traders: Below $76,500 (recent low) For conservative traders: Below $74,000 to reduce risk exposure Risk Management Risk-to-reward ratio: 1:3 or higher (entry should be calculated to maintain proper risk-reward) Position Sizing: Allocate 2-5% of capital to this trade, considering volatility. Conclusion Bitcoin is currently trading at a critical support level within a falling wedge. The RSI, Stochastic, and MFI indicators suggest oversold conditions, indicating a potential bullish breakout. Traders should watch for a confirmed breakout above the wedge with strong volume before entering a position. Targets remain between $88,000 and $108,000, with well-defined stop-loss levels to minimize risk. 💡 Recommendation: Monitor price action closely, especially in the next few 4-hour candles. If BTC breaks above the wedge, prepare for a bullish move towards resistance levels.
CRYPTO:BTCUSDLong
by elfabiiani
1
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
Bitcoin (BTCUSD) Analysis: Critical Decision Zone Market Structure & Trend The price is currently trading within a parallel descending channel. It recently tested the parallel channel support, which has been respected in the past (marked with green circles). A temporary bounce has occurred, but the structure remains bearish until a breakout confirms a shift in momentum. Key Levels to Watch Support Zone : Around $83,000 - $85,000, where price reacted strongly. Resistance Zone : Around $89,000 - $91,000 (highlighted in purple), a key rejection area. Major Downside Target: If price fails to hold above support, it could drop towards $75,000 - $78,000. Possible Scenarios ✅ Bullish Scenario If BTC breaks above the purple resistance zone and reclaims the mid-channel trendline, we could see a move towards $95,000 - $100,000. A strong breakout with volume confirmation will validate this bullish reversal. ❌ Bearish Scenario If BTC faces rejection at the resistance zone and fails to hold above the parallel channel support, a further drop towards $78,000 - $75,000 is likely. Confirmation of bearish momentum would come with a lower low formation. Conclusion Bitcoin is at a critical decision point. Breakout above $91K = bullish continuation. Rejection & break below FWB:83K = deeper correction ahead. Traders should wait for confirmation before entering trades. Disclaimer : This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk, and you should conduct your own research before making any investment decisions. Trade responsibly.
INDEX:BTCUSD
by HAAADY
BTC – History Doesn’t Repeat, but It Sure RhymesBINANCE:BTCUSD Revisiting past market structures, it’s striking how Bitcoin’s price action in early 2025 resembles the patterns seen in early 2024. The comparison between the two charts suggests a clear fractal—an almost identical deviation above the range highs, followed by a liquidation event under the range lows before a reversal. In early 2024, Bitcoin’s price deviated above the established range, trapping breakout traders before swiftly rejecting and flushing out liquidity below the range lows. That deviation marked the absolute bottom before a strong recovery, as the market left behind those who were waiting for even lower prices. www.tradingview.com Now, in early 2025, we're witnessing an eerily similar setup: 🔹 A deviation above resistance that lured in late longs, followed by a sharp drop below support. 🔹 A liquidity flush below the range lows, where overleveraged longs are shaken out. 🔹 Sentiment has shifted bearish again, with traders now expecting $70-75K just as they anticipated $35-31K last year. While I won’t completely rule out lower prices, I find it unlikely that Bitcoin will drop as deep as many expect. The fractal suggests that we may already be near the bottom, setting up for a reversal. This is why I’ve been scaling out of my protective shorts and accumulating spot positions. As always, patience is key—market reversals happen when the majority least expect them. Keep an eye on confluences, stay sharp, and don’t get left behind.
BINANCE:BTCUSD
by truepersonal
1
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
Alt-season is near?BINANCE:BTCUSDT continues to decline, but despite the significant drop, there is no panic in the market. Most altcoins are already near local lows, which may play in favor of the upcoming altcoin season. However, high market volatility makes it difficult to make effective trading decisions: shorting is risky, and longing overvalued projects is inappropriate. A double top may form on the bitcoin-dominance chart ( CRYPTOCAP:BTC.D ), which in the past has already led to a shift of capital into altcoins. So far, this scenario remains unconfirmed (a descending pattern should form), but if it materializes, the market may enter an active phase of altcoin growth. It is important to remember that even if bitcoin dominance reverses, overbought altcoins may continue to decline, so we will continue to hold the accumulated hedge shorts. Liquidity is more likely to flow into undervalued assets that have not yet undergone an active growth phase. In this context, special attention should be paid to coins with long accumulation, as coins from our investment portfolio, so that perhaps at the final formation of the downward pattern we will add the investment part up to 50% to those clients who connected to us after Q2 2024. The situation remains dynamic and it is important to wait for confirmations before making decisions. However, the long-awaited alt season, which Influencers have been talking about all year and we have been skeptical that it hasn't started yet, may indeed be on the doorstep and finally starting soon.
CRYPTOCAP:BTC.DShort
by TSFC
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
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