Bitcoin at Resistance: Expanding Triangle Hold=>Last Chance!!!Bitcoin ( BINANCE:BTCUSDT ) is moving in the Resistance zone($104,700-$101,920) , near the upper lines (resistance role) of the Expanding Triangle Pattern , Monthly Resistance(1) , and Time Reversal Zone(TRZ) .
In terms of Classic Technical Analysis , Bitcoin seems to be moving in an Expanding Triangle Pattern during the last 30 days . If the upper line is validly broken, this pattern will be failed.
According to the theory of Elliott waves , it seems that Bitcoin can move in an Expanding Flat(ABC/3-3-5) in the 4-hour time frame . Bitcoin is currently completing microwave 5 of the main wave C . If Bitcoin touches $107,000 , the possibility of this corrective pattern being failed is very high.
I expect Bitcoin to drop to at least $100,000 .
Note: If Bitcoin goes below $107,000, we can expect BTC to make a new All-time High(ATH).
Note: There is also the possibility of Bulltrap formation.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 4-hour 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.
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Btc-bitcoin
TRUMP'S INAUGURATION → $120.000 NEXTAs illustrated, I'm trying to visualize the possible outcome for the next couple of days.
Anything could happen, but the more "obvious" sentiment is bullish to "very" bullish.
The targets of $110,000 - $120,000 are very realistic within just a few hours into Trump's inauguration.
Now, one must expect anything during the most volatile conditions, and a possible liquidation near ATH or even at new ATH MIGHT occur.
WHY? ... Honestly... it's just one of those " too good to be true " type of things that I just simply can't ignore the probabilities that are involved in this game. It's not a crazy theory about liquidity nor am I trying to go against what we all expect and desire for BTC (which is to continue breaking ATH and beyond)..
I'm simply being realistic about the different scenarios during my projected outcome.
Hopefully, we get a MASSIVE BULLISH Daily bullish candle; right? (did I say bullish?)... but... hey... it's 2025.
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GOOD LUCK!
Breaking: Bitcoin Crosses $104,000 , Defying Market ExpectationsBitcoin ( CRYPTOCAP:BTC ) has achieved a significant milestone, breaking through the psychological resistance level of $100,000 and trading as high as $104,000. This 4.27% surge has positioned BTC as the focal point of global financial discussions. However, with the Relative Strength Index (RSI) indicating overbought conditions, traders are left questioning whether the rally can sustain its momentum or if a correction is imminent.
Technical Analysis:
BTC’s move above the $100,000 resistance level highlights its bullish momentum. However, traders should remain cautious, as overbought signals from the RSI suggest the possibility of a near-term correction. Immediate support lies at the 38.2% Fibonacci retracement level, a critical technical zone that could act as a buffer against potential selling pressure.
Should CRYPTOCAP:BTC break below this support, the price may dip toward the one-month low of $90,000. Such a move could trigger a massive sell-off, further intensifying bearish sentiment. Conversely, maintaining the current momentum above $100,000 could pave the way for BTC to explore new all-time highs, fueled by increased institutional and retail interest.
Miners Bolster BTC Reserves
Recent data underscores the pivotal role of U.S.-based cryptocurrency miners in Bitcoin’s growth trajectory. As of December 2024, miners have doubled their BTC reserves to nearly 100,000 coins, raising over $3.7 billion since November to bolster their holdings.
Top players such as Marathon Digital Holdings (40,435 BTC), Riot Platforms (16,728 BTC), and CleanSpark (10,097 BTC) lead the charge. Their "HODL" strategy—holding rather than selling mined Bitcoin—has not only strengthened their balance sheets but also amplified investor confidence. This is reflected in rising stock valuations for these firms, showcasing the synergy between strategic asset accumulation and market sentiment.
Key Drivers Behind Miner Resilience
1. Market Conditions: Lower Bitcoin prices in early 2024 allowed miners to acquire BTC at discounted rates.
2. Technological Advancements: The adoption of efficient mining equipment and energy optimization strategies enabled miners to enhance profitability.
3. Price Recovery: The late 2024 Bitcoin rally increased the value of miners’ reserves, positioning them advantageously in the current market landscape.
Challenges on the Horizon
Despite their impressive growth, U.S.-based miners face mounting challenges. Rising global hash rates, driven by increased competition from international miners, are squeezing profit margins. Furthermore, the upcoming Bitcoin halving in April 2024—which will reduce mining rewards by 50%—poses an additional hurdle. Miners will need to innovate, optimize operations, and explore diversified revenue streams to remain competitive.
Market Sentiment and Macroeconomic Factors
Bitcoin’s latest surge also aligns with macroeconomic developments. The cryptocurrency has gained 7.85% in the past week, fueled by speculation around the upcoming inauguration of Donald Trump on January 20. Market participants anticipate favorable regulatory policies under the new administration, further boosting confidence in digital assets.
Outlook
At a market cap exceeding $2 trillion, Bitcoin’s ascent to $104,000 signifies both the resilience of the crypto market and the strategic maneuvers of key industry players. However, the overbought RSI, coupled with potential resistance at higher levels, necessitates vigilance among traders and investors.
While the long-term outlook for Bitcoin remains bullish, near-term corrections could provide strategic entry points for those seeking to capitalize on its upward trajectory. As miners continue to accumulate reserves and innovate, their role in shaping Bitcoin’s future will be pivotal in navigating the challenges of an evolving crypto ecosystem.
BITCOIN PREDICTION - BTC GAME PLANI’d like to share my plan for BTC with you guys.
We’ve recently broken the bullish trendline that had been supporting the price for a while and maintaining the uptrend. This break occurred with strong momentum, which I consider a bearish signal.
However, there’s still a larger bullish daily trendline just below us. I expect a strong momentum push up from that level, so the current situation isn’t a major concern for me.
Here’s my outlook:
I anticipate a run on the equal lows just below the current price. This move should provide enough energy for the price to push up and retest the recently broken trendline.
That retest is likely to confirm the continuation of the bearish trend. If we fail to break above the trendline with momentum, I expect the price to fall below the December 5th wick and then get rejected.
This phase may create a ranging environment, potentially building momentum for altcoins.
Eventually, I anticipate testing the daily HTF bullish trendline, which should provide a strong rejection and begin the journey to new all-time highs.
This is my game plan based on my experience, and I’ll be monitoring the price closely to adapt if needed.
Key Notes:
I expect early January to bring strong bullish momentum across all crypto markets. For now, we’re in a choppy zone.
If BTC breaks back above the trendline we just lost, I’d expect the price to reach $99,500 and likely face rejection there.
Breaking above $100K would strongly signal a bullish trend. I’ll then watch closely for any rejection at the marked blue line and purple zone on the chart.
This is how I’m approaching the market. Manage your risk accordingly!
Bitcoin Pushes Higher: Is $104K the Next Stop?Bitcoin ( BINANCE:BTCUSDT ) moved as I expected in the previous post and even made the correction .
Bitcoin is breaking the Resistance zone($100,000-$98,080) , and I expect this zone to be broken soon, and then Bitcoin is ready to attack the Next Resistance zone($104,200-$101,320) .
Regarding Elliott wave theory , Bitcoin seems to be completing the main wave 5 in the 1-hour time frame .
I expect Bitcoin to rise to at least the Resistance zone($104,200-$101,320) .
Note: If Bitcoin goes below $96,320, we can expect more fall.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour 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.
BTC - Welcome to Phase 2Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
1️⃣In the previous cycle, BTC broke above its red range during the first parabolic impulse.
2️⃣It then consolidated within a range for a few days before beginning the second impulse.
💡 Can you spot a pattern here?
"History doesn’t repeat itself, but it often rhymes."
~ Mark Twain
2️⃣If we follow the previous cycle and history follows a similar rhythm, we may currently be setting up for phase 2.
📈Confirmation would come from a breakout above the blue range.
📚Always follow your trading plan regarding entry, risk management, and trade management.
And Remember: All Strategies Are Good; If Managed Properly!
~Richard Nasr
From Bear Trap to Breakout: Bitcoin RoadmapBitcoin ( BINANCE:BTCUSDT ) started to rise again( with a high momentum )
yesterday after failing to break the Heavy Support zone($93,400-$90,000) ( Bear Trap formation).
Educational Tip: Its quick return after exiting the Heavy Support zone($93,400-$90,000) with high volume was one of the signs of a bear trap.
Regarding Elliott wave theory , it seems Bitcoin successfully completed a Zigzag Correction(ABC/5-3-5) yesterday and is currently completing the next five impulsive waves . Likely, Bitcoin is still in correction waves .
I expect Bitcoin to start correcting from the Resistance zone($100,000-$98,080) , 50_SMA(Daily) , and Monthly Pivot Point and start to rise again from the Potential Reversal Zone(PRZ) and attack the Resistance zone($100,000-$98,080) .
⚠️Note: If Bitcoin breaks the Heavy Support zone($93,400-$90,000), we should expect a fall with high momentum (it is unlikely that another Bear Trap will be created).
⚠️Note: If Bitcoin goes below the Potential Reversal Zone(PRZ) , there is a high possibility that Bitcoin will break the Heavy Support zone($93,400-$90,000).
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 1-hour 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.
BTC could dump again if USDT.D chart does same thing againThe last time I posted this was when USDT Dominance chart touched the green trendline on the chart and bounced off the red trendline on the RSI.
Will this happen again causing another flash dump or will the bullish scenario I posted in last analysis (see below chart link) come to fruition?
As you can see the blue trendline on chart at 91790usd is major support.
The RSI pink trendline on left chart shows it is at resistance right now.
What just happened was a failed attempt to close a possible head and shoulders pattern, trapping shorts under the support causing this short squeeze in play right now. The question is whether the pump will continue or will it go back down. The USDT.D chart will tell us.
Hit the like idea rocket button if you like the idea and analysis.
another IHS on BTC.D? Chop chop more?We have successfully completed an IHS on a lower time frame (see my other chart)
Now we seem to have the beginnings of what could be another IHS on a higher time-frame?
Another scary pump of Bitcoin dominance incoming?
Interesting, let's see
(the chart is inverted)
BTCUSD: Descending Broadening Wedge Pattern and $100K TargetThe Descending Broadening Wedge pattern has unique characteristics compared to the Falling Wedge or Flag patterns. While the Falling Wedge and Flag patterns feature converging lines that taper to a point, the Descending Broadening Wedge widens from left to right, indicating increasing market volatility over time. This pattern forms when the price moves within an expanding range, creating a downward-sloping resistance line and a support line that also declines at a steeper angle.
I have identified an intriguing Descending Broadening Wedge pattern on BTCUSD. The chart clearly depicts this pattern through a series of lower highs, depicted by blue arrows, and lower lows, depicted by black arrows. The price tends to rebound between the support and resistance lines, with these rebounds depicted by orange arrows.
To confirm a bullish move, it is crucial to wait for a price breakout above the resistance line of this pattern. A breakout from this resistance will signal a momentum shift and could serve as a strong indicator of a price surge, depicted by the green arrow, with the target for this price surge being the psychological level around $100,000.
HBAR on the Edge: Key Levels You Can't Miss!HBAR has been range-bound for over 40 days, trading between $0.3922 and $0.2341, following a rejection from the golden pocket zone. Let’s dive into the key resistance and support zones to identify potential trade setups.
Support Zone Analysis
Taking the entire bullish run from November, we observe the 0.5 Fibonacci Retracement at $0.2169, which aligns perfectly with the anchored VWAP from the November lows, providing a strong support confluence. Adding to this, the negative Fibonacci extension of the current downside wave places the -0.666 Fibonacci level at $0.21778, further reinforcing this zone.
Additionally, the lows around this area contain significant liquidity, likely targeting long-leverage positions, which increases the conviction for this support zone. The monthly level at $0.2217 also aligns with this area, making $0.217-$0.222 a highly reliable support zone for potential trade setups.
Resistance Zone Analysis
HBAR has recently broken below the yearly open level at $0.269, which now acts as a resistance.
For those who missed the previous short entry, price action near $0.269 presents another opportunity for a short trade if price rises to this level, confirming its resistance.
Chart Pattern & Volume Analysis
The structure shows an inverted cup and handle pattern. Volume has been in steady decline throughout this trading range, indicating a pause in bullish momentum.
Trade Setups
Short Trade
Entry: Around $0.269 (yearly open and key resistance zone)
Stop-Loss: Above $0.285
Target: Support zone at $0.217-$0.222
Long Trade
Entry: Around $0.217-$0.222
Stop-Loss: Below $0.210.
Target: Retest of the previous lows at $0.235
R:R: 2:1, making it a decent trade.