BITCOIN (BTC/USD) BASED ON 1H-TIME FRAME ANALYSIS,
Based on the chart you provided, here's the current analysis:
1. **Current Price Action**:
- BTC is trading near 97,800, within a rising channel.
- There are visible higher highs (HH) and higher lows (HL), confirming the bullish momentum in the short term.
2. **Resistance Zone**:
- The key resistance is marked at 99,000 (blue zone), where BTC previously reversed. This is a strong area to watch for potential selling pressure.
3. **Support Levels**:
- Immediate support lies near 97,000 (orange zone).
- A deeper support zone is visible around 95,500 to 96,000, which aligns with previous demand and bullish order blocks.
4. **Potential Scenarios**:
- If the price continues its upward trend, a test of the 99,000 resistance zone seems likely.
- Rejection from 99,000 could signal a retracement back to the 97,000 or even the 96,000 level for support retests.
- Breaking and closing above 99,000 might open the door for BTC to target higher levels, possibly 100,000 or beyond.
5. **Market Structure**:
- The chart shows a recent break of structure (BoS) to the upside, indicating bullish strength.
- However, keep an eye on any potential change of character (ChoCh) near the resistance zones, which might suggest a reversal or slowdown.
My Suggestion:
- **For Bulls**: Look for buying opportunities on pullbacks near the 97,000 or 96,000 support zones with a target near 99,000.
- **For Bears**: Wait for confirmation of rejection near the 99,000 resistance zone before considering a sell, targeting the lower support zones (97,000 or 96,000).
Btclong
Bitcoin (BTC): Rise up to $135,000 or drop to $80,000-$90,000The current market situation is uncertain. The market often moves contrary to public sentiment. Currently, most expect a correction. ETF inflow/outflow data indicates significant outflows from December 19, 2024, to January 2, 2025, which is evident in the BTC chart. On January 3, 2025, there was an inflow of $905M.
In a bearish scenario, panic could dominate the market, making it difficult for BTC whales to sustain distribution above $100,000. However, if a bullish scenario unfolds, the $91,000–$108,000 zone could act as a strong support level after a price increase to $135,000 or the 161.8% Fibonacci level. This bullish scenario would become even more significant if the growth aligns with major international events at the end of January, February, or March. 👀
1. Bullish Scenario:
The price breaks through the current resistance levels, targeting up to $136,000 or the 161.8% Fibonacci level.
2. Bearish Scenario:
A correction to the $80,000–$90,000 range or the 38.2-61.8% Fibonacci levels, with a potential test of the $88,000 support level aligned with the 800 EMA.
👇
About Me:
I maintain a personal trading journal. I don't possess extrasensory abilities or insider information.
Disclaimer:
Trading involves risk—always do your own research and seek professional advice. We are not responsible for any financial losses. #DYOR
Share your thoughts in the comments below 👇
Bitcoin Needs to Break 99k Now - or Else!Bitcoin www.tradingview.com is locked in a showdown at FWB:98K , staring down the $99K resistance that slapped it back last Friday. This isn't just any resistance—it’s the boss fight of the current rally. A double bottom at GETTEX:97K had traders calling it a breakout signal, fueled by Golden Candle alerts (shoutout to our "The Golden Candle" Indicator). The rally from GETTEX:92K last week had everyone partying, but our trusty Bagholder Detector shows some serious profit-taking vibes as bagholders pile up around 98-99k zone.
On the technical side, the 4-hour RSI is hovering just below overbought territory, while the MACD signals waning bullish momentum. To keep the rocket fuel burning, Bitcoin needs to smash through $99K like a bull in a china shop, or risk descending into consolidation limbo. With institutional buying ramping up and rumors of new crypto ETF approvals swirling, the stage is set—the party either goes to $108K or I'm going to throw a wet noodle at the wall and see if that will stick at least.
Bitcoin Update !The price previously moved within an ascending channel but broke downwards.
After the breakdown, BTC consolidated in a falling wedge pattern and is now breaking upwards.
The red line (possibly the 50 MA) and the black line (possibly the 20 MA) indicate a bearish crossover during the breakdown.
The price is now attempting to rise above both moving averages.
It appears that BTC has successfully broken out of the wedge pattern.
A retest of the breakout level around $94,000-$95,000 may occur before further upside.
The hand-drawn curve suggests a bullish scenario, targeting levels around $110,000-$112,000 in the medium term.
Before the uptrend resumes, there could be a pullback or correction around the $102,000-$104,000 area.
Key Levels:
Support: $94,000, $92,000
Resistance: $100,000, $104,000, $112,000
The breakout from the falling wedge is a bullish signal, and if BTC stays above the moving averages and key support levels, a move toward $110,000 is possible. However, keep an eye on a potential retest of $94,000 for confirmation.
Let me know if you’d like further assistance or adjustments!
DYOR. NFA
BTC/USDT Chart Analysis
BTC/USDT consolidates within a symmetrical triangle, indicating a potential breakout.
This pattern often translates into a significant price movement, either upwards or downwards.
As highlighted in the chart, if BTC breaks out to the upside, the price projection is approximately 15.77%.
The measured move aligns with historical price action and the triangle's width.
Support Level: Near $93,000
The breakout of the triangle will determine the next directional trend.
Keep an eye on increased trading volume to confirm the validity of the breakout.
If the breakout is bullish: The potential target is $108,000
Let me know if you’d like further assistance or adjustments!
DYOR. NFA
Bitcoin (BTC/USDT) AnalysisBitcoin is trading within a well-defined ascending channel, indicating a bullish trend in the medium term. The price is near the lower trendline support, suggesting a potential bounce. Support Zone: $92,000 – $94,000 (green area) This zone has provided strong support during successive pullbacks. Resistance Zone: $100,000 – $102,000 Bitcoin has struggled to break this level, which is a major resistance. If BTC maintains the current support and breaks the $100,000 resistance, the next target could be the upper channel boundary around $110,000 or above. A breakdown below $92,000 could invalidate the ascending channel, with a potential decline to $88,000 or lower.
Let me know if you’d like further assistance or adjustments!
DYOR. NFA
BTC Gaining StrengthOn the 4hr timeframe BTC shows increasing momentum with price making higher lows, and RSI making higher lows - both an indication of gaining momentum.
On the daily timeframe BTC shows hidden bullish divergence as price is making higher lows, while RSI shows lower lows.
Both timeframes point towards an indication that we could be at bottom already.
Get ready for a new year rally!
Bitcoin (BTC/USDT) Analysis. BTC appears to be trading within an ascending channel. The chart shows a bullish medium-term structure.
The price is currently testing the lower trendline support within the channel.
A crucial support area is marked between $94,000 – $92,000 (green area). This is a crucial level for a bounce.
Any break below this support could invalidate the channel and lead to further upward pressure.
Resistance lies around $100,000 – $102,000 (orange area), which has been tested multiple times.
A breakout above this level could spark a bullish push towards the upper trendline of the channel or new highs.
For updates on other coins or personalized insights, feel free to reach out via DM.
@Peter_CSAdmin
Bitcoin Breakout Alert : Ascending Wedge Strategy Explained!Hi Traders !, I bring you an exciting analysis of Bitcoin on the 1-hour timeframe. We’re looking at a potential breakout from an ascending wedge, which could give us an excellent opportunity to go long. 🚀
The VIP Scalping Oscillator is showing positive momentum with green, as indicated by the green bars.
The RSI is around 60, signaling strength in the trend.
Trade Values:
Entry Price: 99,032.95 USDT
Take Profit (TP): 102,314.81 USDT
Stop Loss (SL): 95,866.63 USDT
Risk/Reward Ratio (R:R): This trade offers a favorable ratio, allowing me to seek a strong return while keeping the risk under control with a well-placed Stop Loss.
⚠️Disclaimer:
This video is for educational and informational purposes only and does not constitute financial advice. Trading and investing in cryptocurrencies involve significant risk and may not be suitable for all investors. Always conduct your own research and consult with a licensed financial advisor before making any trading or investment decisions. Trade responsibly!
BTC GOING TO 193000$!!!"These days, everyone’s saying Bitcoin might drop to 74k or even 70k. But I’m here to tell you, whales and big institutions like MicroStrategy, with all their strategies (like the RTM model I showed you), are going to push Bitcoin up to $113k first. It’ll take a small dip there, then rise again to around $117k, followed by another pullback. This cycle will keep going until we hit $193k, and then we’ll see a nice correction.
I really hope my analysis helps, even if it’s not 100% spot on! Don’t lose hope – fiat money is heading for destruction, and only the big cryptocurrencies will survive. Stay positive, take care of yourselves, and remember: health is wealth!"
Interpretation of 50 MA (Moving Average) on Chart
The 50-day moving average (MA) (red line in the chart) is a widely used indicator that helps identify the trend direction and acts as a dynamic support or resistance level. Here is how it applies to the current chart:
Current Overview:
Support Role:
The 50 MA is closely aligned with the green support area, reinforcing this level as a strong dynamic support.
The price has historically respected the 50 MA as support, evidenced by previous bounces near this level.
The upward slope of the 50 MA indicates that Bitcoin is still in a bullish trend on higher timeframes.
The bullish structure remains intact as long as the price stays above the 50 MA.
The convergence of the 50 MA with the green horizontal support area (~$92,500–$95,000) adds significant strength, making it a key level to monitor for a potential bounce.
Bullish Case:
If the price is above 50 MA, it could act as a launching pad for the next upward move.
A bounce off this level could target the $102,500 or $110,000 levels.
Bearish Case:
A breakdown below the 50 MA and the green support area could signal a trend reversal or a deeper correction.
The next support after this would be at $85,000–$90,000 or the lower range around $77,500.
Key Points:
The 50 MA is a crucial support level at the moment. Traders should closely monitor price action near this level. A strong bounce could confirm a bullish continuation, while a breakdown could indicate increased selling pressure.
Let me know if you would like further clarification or additional analysis!
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your research and consult a financial advisor before making investment decisions.
For updates on other coins or personalized insights, feel free to reach out via DM.
DYOR, NFA
@Peter_CSAdmin
BTC/USDT Analysis. Bitcoin is trading within an ascending channel but showing signs of weakness near $95,660. Here's the breakdown:
$90,000–$92,500 remains critical for a potential bounce. A retest of this area could form a double bottom pattern.
$97,500 (minor resistance) and $105,000 (upper channel boundary) are the key targets for any bullish continuation.
A breakdown below $90,000 could lead BTC toward $85,000 or even $77,500 (major demand zone).
Watch for price action near $90,000 for a possible reversal or continuation to lower levels. Volume and momentum indicators will be crucial to confirm the next move.
DYOR, NFA
@Peter_CSAdmin
BTC/USDT Analysis:Bitcoin (BTC/USDT) Analysis:
The green box marks a crucial support level between $90,000 and $92,500.
Historically, this area has acted as a strong demand zone where buyers have stepped in to increase prices.
The price has broken below the mid-boundary of the ascending channel and is currently trading near the lower boundary.
A retest of the green box is possible if the bearish momentum persists.
The green moving average (possibly 200 EMA or similar) is slightly above the current price. This suggests that the price is losing upward momentum and the moving average could act as resistance on any bounce.
The red arrow on the chart indicates a possible move downwards towards the green support zone.
DYOR, NFA
@Peter_CSAdmin
BTC/USDT ! HOUR DESCENDING BROADENING WEDGE LONG TARGET 105KIn this idea I have a clean descending broadening wedge that is about to take off to 105k. Target is clearly marked and should hit that no problem. If you agree throw me a like and follow me for more setups that keep you in the money. Much love - ND
BTC/USDT AnalysisBitcoin has broken down from the rising wedge pattern and retested the breakdown zone, encountering strong resistance from both the Ichimoku Cloud and the 200MA.
Key Resistance: The upper green zone is around $98,000–$99,000.
Support Zone: The horizontal black box around $92,000–$94,000 serves as immediate support.
A failure to hold above this support zone could continue the downtrend, potentially targeting the larger beige demand zone near $78,000–$80,000.
Conversely, if BTC reclaims the green resistance zone, it could invalidate the bearish outlook and push higher.
Overall, the bias remains bearish unless BTC reclaims key resistance levels.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your research and consult a financial advisor before making investment decisions.
For updates on other coins or personalized insights, feel free to reach out via DM.
DYOR, NFA
@Peter_CSAdmin
BTC Price Predictions for ATHBTC price is bouncing off of strong support at around the 96,600 range, and is likely to bounce back above 100k. It could take a while to consolidate and accumulate a while before heading up further. My prediction is price likely to approach all time highs around the first week of January.
BTC/USDT 4-hour chart analysis. BTC/USDT trades within an ascending parallel channel, respecting the upper and lower trendlines.
Current price: $99,789.68, retracing back towards a crucial support area.
The highlighted green area is around $98,000-$100,000, which acts as the channel’s demand zone and mid-range level.
200 MA (green line): Located near $97,830, providing dynamic support.
Immediate resistance near the upper channel trendline (~$110,000).
Psychological resistance at $105,000, a crucial round-number level.
If BTC maintains the $98,000-$100,000 support area, it is set to bounce towards:
Short-term target: $105,000.
Mid-term target: $110,000, aligned with the upper channel boundary.
If BTC breaks below $98,000, further declines to test $95,000 (lower trend line) are possible.
A breakdown below the channel will invalidate the bullish trend.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your research and consult a financial advisor before making investment decisions.
For updates on other coins or personalized insights, feel free to reach out via DM.
@Peter_CSAdmin
BTC/USDT Weekly Chart Analysis. BTC/USDT Weekly Chart Analysis.
A classic bullish reversal pattern has played out successfully.
The structures of the left, head, and right shoulder are perfectly aligned, confirming the breakout above the neckline.
BTC has broken its previous all-time high resistance, pushing above the $100,000 level with strong momentum.
The current sharp rally suggests overextension; a pullback could occur.
Trendlines and Resistance Areas:
BTC has crossed a long-term upward trendline and broken above the resistance area (highlighted in beige).
The breakout signals a shift in price discovery with a possible consolidation or retest.
The 21 EMA (black line) remains well below the current price, confirming bullish strength.
If the momentum sustains, BTC could rise to $120,000-$130,000 in the coming weeks.
The previous resistance area ($80,000-$85,000) could be retested.
This would allow for consolidation before the next leg up.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your research and consult a financial advisor before making investment decisions.
For updates on other coins or personalized insights, feel free to reach out via DM.
@Peter_CSAdmin
BTCUSDT 4h-8h long updatelast BTC idea was a succes check it out for reference. we managed to find good support on the SND after some bloody absorption which made me take a nice and easy 2rr trade. it might not seem much to some of you but this is how real trading goes. actual analysis, actual trading rules, actual entry criteria and a good amount of backtest data to back it up. this is what makes a profitable trader. I tried to look for a re-entry on the second SND touch but it didnt match my entry criteria so i sat on my hands.
I'll be looking for new trades now since another big MB was formed which needs to be mitigated ofcourse.