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Bitcoin in the Zone: Major Levels to Watch! Bitcoin’s riding the edge with some serious levels coming up. On the downside, we’ve got key supports at $66,969, $66,054, and $65,000. If $65,000 breaks, a slide to $60,000 is very possible. On the upside, we’re eyeing $69,249 first, and if we break through, we could be aiming for $73,500 and beyond!" Breakdown of Key Levels Current Support Levels First Support: $66,969 This level is Bitcoin’s first line of support. As long as it holds, BTC could stay in a good position to push higher. Second Support: $66,054 If we drop below $66,969, the next stop to watch is $66,054. Losing this level could signal a stronger downside move. Major Support at $65,000 $65,000 is the critical level to keep an eye on. If Bitcoin slips below this, we’re likely looking at a bearish move, with $60,000 as the next realistic target. Upside Targets First Target: $69,249 On the upside, if BTC holds support and gains some momentum, $69,249 is our next target. We might see some resistance here, so it’s a spot to watch for a possible pullback. Second Target: $73,500 If Bitcoin breaks $69,249 with strength, then $73,500 is the next big level in play. Breaking through this could mean BTC is primed for an even bigger push higher. Higher Target: Beyond $73,500 If we reach and hold above $73,500, the path is open for BTC to go for new highs. We could see buyers step in even stronger, and BTC might be setting up for its next major move up. Trading Tip Stay flexible here! BTC’s got some clear levels to watch. If we hold support, we could be heading for a strong upside. But if we lose $65,000, the drop to $60,000 becomes a real possibility. Keep these levels in mind, and let the market show you where it wants to go. if you like this analysis like , follow and boost our posts Mindbloome Trading / Kris Mindbloome Exchange
MARKETSCOM:BITCOIN
by Mindbloome-Trading
$BTC UPDATE: breakthrough confirmation, finally!CRYPTOCAP:BTC has finally broken out of its descending wedge channel! I’ve seen people claim otherwise, but they’re wrong! Both the daily and hourly charts confirm the breakout, and CRYPTOCAP:BTC is now sitting above the descending trendline, using it as support. What’s next? The most likely scenario is a correction to around $65.5k before a push to $71k. A new rising wedge pattern has formed, and we’re currently at the top, which is acting as resistance. The MACD is also hitting a top resistance level, and the RSI is at 63, signaling it's overbought and needs to reset. There’s also an RSI bearish divergence on the daily timeframe that needs to play out. All these factors point to a small pullback, reintegration into the rising channel at $65.5k, followed by a breakout and consolidation around $70k. However, another scenario could unfold. With Trump almost certain to win the election, investors may already be positioning for a pump. This could cause an anomaly, pushing CRYPTOCAP:BTC directly to $71k without consolidation, driven by FOMO. In this case, we’d see a pump to $71k and then consolidation between FWB:65K and $71k until the MACD and RSI reset lower. Let’s see how it plays out—Sunday afternoon should set the tone for the week ahead.
by CryptoNikkoid
10
BTC Potential Plan !BTC / USDT Summary : BTC finally made its first HH and HL after 6 months being in bearish pattern What next ? Correction started and i still think we will get strong bullish wave but first we have high chance to take liquidity at 59.2k or even 57k because there are much liquidity there and also won’t invalidate our pattern (HH and HL) After that a full bullish wave is expected to 73k as first target Invalidation of bullish plan : lose 52k daily Do u agree ? Let me know in comments section below 👇
Long
by Babenski
15
BTC broke out of rising wedge pattern! BTC broke out of rising wedge pattern ; In this technical analysis, Fibonacci retracements of price and time were used to compare the strength of buyers and sellers. As we can see, after an impulsive wave where BTC's price increased to 73,600 over 182 days, it corrected by only 50% over the next 182 days. This means that the market has given sellers as much time as it did buyers, but their strength was half of that of the buyers over the same period. With this description, we can expect the end of the corrective wave and the start of a new impulsive wave, but before that, the previous high of 73,600 must be broken to confidently enter a long trade. Also, the 70,000 level is an important area for BTC; if BTC can hold this area, the likelihood of its rise will increase significantly. This analysis will be updated in the coming days.
by habib75rajabi
Bitcoin remains in bullish territory - my next tradesLet’s break down the current cycle indicators and what they mean for BTC: 1. 1-Day Cycle Indicator (Blue Line) - This tracks Bitcoin’s short-term trend (1 week) and ranges from 20 (oversold) to 80 (overbought). It’s currently at 29, hinting at a potential bullish reversal for the week ahead. This could indicate an upswing in the short term if momentum follows through. 2. 3-Day Cycle Indicator (Violet Line) - Great at forecasting the trend for the next 12–18 days, especially in a sideways market (like the last 6 months). With the indicator nearing 80, there’s room for some upside in this cycle, suggesting that BTC could see positive movement next week. 3. 1-Week Cycle Indicator (Red Line) - Provides a broader view, indicating longer-term trend reversals (1–2 months). It’s currently at 93, placing it in overbought territory, which signals a potential for a larger trend reversal as we look further out. This could suggest a corrective phase may be on the horizon. Summary: While short- and medium-term indicators suggest near-term gains, the high 1-week cycle reading hints that a longer-term pullback could follow soon.
BITSTAMP:BTCUSDLong
by TheStrategyMaster
BTC/USDT.P Trade setupSwing Trade: if today's daily candle closes confirming the lower high, I would be interested to get into a swing short as we are likely retracing further down for a lower low retest some of the previous broke out areas. However, if in 7 hours and today's candle closes bullish and continues the the trend upwards, then this idea would be invalidated. I would not get into this trade until the this daily candle closes. It is Friday, and price action can get crazy (as you can see for the past few hours lol), trade safely.
Short
by Nate36989
BTC/USDT.P Market AnalysisHey guys, happy Friday. The analysis today will be an interesting one as we close out the week. Although recent price action has been relatively bullish, we have only closed above the most recent swing high trend line. That means the buyer dominance isn't as strong or will need more liquidity to push through the next level (yellow circle). Until we have a break out of that level, I think we might see more swing actions especially on Fridays. We are currently getting a local rejection off the bearish OB that was created a few days ago when we initially reached this most recent swing high, depends on which direction it breaks, you might want to place your trades accordingly. I think we have hit a local high for now and I would be more bullish if we can have a daily candle close above the trend line zone, I would add to my longs then. Until that happens, I'm going to hedge in a short, take some profits on my previous long setups and speculate. **Fridays are usually volatile especially during NY sessions, trade safely** @Nate Alert
by Nate36989
Bitcoin Weekly to Four Analysis: Everything To Know Good morning Trading family So I created this video to figure out where we are currently at in Bitcoin in price but as well what levels can Bitcoin reach currently and what happens if Bitcoin reverses with the Bears I try to go into full depth to give you some levels to look for to help you mark out good entry or short positions if you are shorting Bitcoin If you like this video or found it helpful : like, comment, follow, boost I appreciate it all Mindbloome Trading / Kris Trade What You See
MARKETSCOM:BITCOINLong
by Mindbloome-Trading