"A Strong Setup for Bitcoin's Surge to $110K NEXTBitcoin is trading around $96,000, with strong indicators pointing toward a potential surge to $110K. The cryptocurrency’s recent price action has captivated market watchers, as it consolidates within a narrow range below the $110,000 threshold.
Analysts view this consolidation phase, between $95,000 and $98,000, as a necessary breather following a major rally. It provides the market with time to stabilize before its next potential breakout.
**Consolidation or the calm before the storm?**
On the daily chart, Bitcoin’s reduced volatility highlights market indecision. Yet, technical indicators suggest a bullish undercurrent. The moving averages reveal a golden cross pattern, with the 50-day moving average staying well above the 200-day average—a strong signal of sustained bullish momentum.
With the stage set for a decisive move, Bitcoin’s next steps could determine its trajectory toward the $110K mark.
LINK ON BIO FOR ALL INFO
Btcup
BTC accumulation in distribution phaseBTC is trading in channel from couple of months that is forcing BTC to trade between consolidation phase between a ranging channel that is acting as support and resistance. Further price movement is forming bullish flag pattern and also cup and handle price formation on longer term charts that suggest channel support is likely to act as support and bounce towards 58000 - 63000 - 67000 - 69000 is likely.
BTC/USDTIn the BTC/USD daily chart, the inverse Head and Shoulders continuation signal continued pushing the price higher, where the most recent price trades above the 67310.50 static support.
As the dynamic 100-day SMA and 20-day EMA remain below the current, we may expect the buying pressure to extend towards the 80000.00 psychological line.
For the third day in a row, the total capitalization of cryptocurrencies has remained stable at approximately $2.6 trillion. Bitcoin has yet to surpass $70,000, which has dampened market enthusiasm. Bitcoin has experienced a 0.3% decline over the previous twenty-four hours, whereas Ethereum has gained 0.6%.
BTC GROWTH AFTER NOVEMBER ?Bitcoin is about to complete an accumulation pattern on the 1-day timeframe, with 2 days left until the monthly candlestick closes.
Also, this analysis was done after the closing of the weekly candle above the price of $34,500, which shows that Bitcoin has shown a good growth in the last month, which can be a sign of preparation for growth at the beginning of November.
Also, the recent events and tensions, including the conflicts between Israel and Hamas, Iran and the United States, have not been able to have a systematic negative impact on the market, which indicates the high level of stability of Bitcoin.
We are getting closer to the approval days of ETF funds and we understand the demand pressure!!!
If the growth continues, we will encounter in the areas of 45,000 to 48,000 dollars.
BTC UAV Spotted !!!While most traders and investors of the digital currency market decided to sell due to the possible decline in the future, there are signs of the end of the decline, which may change the structure of the market from bearish to bullish, and most likely after the speech. Pavel or sooner to see growth.
While on September 2, the news of the approval of ETF funds by the SEC will be published, and the debate of the US presidential candidates, which includes 5 Bitcoin fans, including DeSantis and Kennedy Jr., can be seen as signs of an increase leading to a structural change. The current market predicts an upward trend.
While the price is fluctuating upwards in the $26,000 range, it is hoped that Bitcoin will be able to push itself above the $27,200 area by the close of the weekly candle in 4 days and the monthly candle in 9 days, so that we can witness its growth to be higher points.
BTC - Pullback , ready for long long position !? #BTCit looks like we 're seeing a pullback BINANCE:BTCUSD .
everything is clearly visible in the chart
MAX Leverage = 5 - 10 (above 5 is a greedy decision!!!)
Max Loss (with leverage 5 ) = ~20%
Max Profit (with leverage 5 ) = 35 - 65%
|--| 70% sell in first target and 30% for next target |--|
always DYOR , Buy and sell with full knowledge of financial markets.
Maybe This Way , Lets See that ...
Bitcoin Filled the 28K Gap, Whats Its Next Move? Flood Or Moon ?Bitcoin/3H doing a parallel upward channel
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We filled the gap from 27.2 to 28.5 and we are holding AT the top of the gap. showing more Bull control than Bear.
This could break to the upside and goes all the way to ~31.7 Or (~292400)
It could also hold it here untill NY market open then dump it to ~26.8 if that doesnt hold then ~25.2 and if that does not hold ~24.4
Liquidation cluster is empty to the upside but downside in total is 300M around 20K , 140M around ~25K
Thanks for watching
Can Bitcoin Fill The 28K Gap ?Signs are there!Bitcoin reaching the origin of the 30K slowly while having a gap from 27500 to 28400 to fill. Bitcoin can fill this before crashing but its another 17% up move. or this could be a jebait and the crash will happen today after a small retracement to the upside to liq all the high leverage shorters
BTC consolidating and holding the support (symmetrical triangle) could wick up before it wicks down
Some Crypto Banks Collapsed in the past days thus people cant convert their USDT to USD , what they do instead ? They buy BTC.
That is why btc pumped. will it go higher ? it might but at the end if you cannot convert ur crypto asset to fiat whats it good for ?
Thank you for all the support,commend,like,boost,follow
Bitcoin Trends and Predictions
Federal Reserve Chairman Powell's language about raising interest rates released during the semi-annual congressional hearing resulted in a sharp increase in the value of the US dollar, causing non-US currencies to plummet, and causing the Bitcoin price to potentially test the 20,000 level again.
In terms of news, the cryptocurrency market is still affected by the chain reaction caused by the collapse of FTX.
Firstly, multiple cryptocurrency companies have encountered financial problems, all of which are related to FTX assets, which have caused significant damage to Bitcoin and investor confidence. The recent news that a cryptocurrency bank, which has received much attention, has postponed the release of its financial report is putting pressure on market sentiment. It is expected that other related companies will also surface, and the impact of the FTX bankruptcy case will not dissipate in the short term.
Secondly, the cryptocurrency platform Binance has received special attention from regulatory agencies. As a "giant" in the cryptocurrency field, Binance still controls a considerable share of the market. The bankruptcy of FTX has prompted investors to pay more attention to Binance's financial situation, hoping for greater transparency, while regulatory agencies continue to question Binance's finances and operations and impose restrictions to prevent it from suffering the same fate as FTX. The development of the Binance platform plays a crucial role in the stability and recovery of the cryptocurrency market.
Finally, the US Securities and Exchange Commission (SEC) is pushing for cryptocurrency regulatory legislation and urging global regulatory agencies to establish a regulatory framework. In the short term, regulatory trends are unfavorable to the cryptocurrency market, but in the long term, there is a need for a regulatory system to safeguard the recovery and development of the cryptocurrency industry.
The market continues to track news in the cryptocurrency field, but the price movements of tokens such as Bitcoin are mainly influenced by the performance of the US dollar.
Over the past month, US inflation has risen significantly, and expectations for the Fed to extend the time to raise interest rates have increased. However, investors are frustrated by the lack of official guidance. This week's Powell congressional hearing and February non-farm payroll data have become the focus of attention.
Fed Chairman Powell participated in the semi-annual congressional hearing overnight and stated that "the terminal interest rate will be higher than previously expected, and the pace of rate hikes will still be accelerated if necessary," causing turmoil in the market. Investors may have expected a tough attitude from him, but they didn't expect his attitude to be so direct. The US dollar surged, and US and non-US varieties suffered heavy losses.
This testimony will point the direction of the financial market for the next 2-3 weeks. To some extent, the importance of February non-farm payroll data and the March FOMC meeting has been weakened. The data and meeting will become a detailed annotation of Powell's hearing. The direction of the US dollar has been clarified in stages, and Bitcoin prices are facing the risk of further decline after being blocked.
Bitcoin as a whole maintains a low consolidation range, with a key pressure level of 25,000, which has been blocked twice, confirming the strong resistance of this line. After the price was blocked, it entered a shock consolidation and tested the support level of 21,300 below, but it has not been able to complete the upward breakthrough, indicating the potential for downward prices.
With the US dollar showing strong upward momentum, Bitcoin may test the 21,300 level again, and once it falls below this line, it will open up space to fall to 20,000 and enter a downward trend. If it fails to hold 20,000, it may return to weak consolidation and still face the risk of falling below 17,000 in the future. Bitcoin must effectively break through the pressure of 25,000 to continue to rebound and test the range of 28,000-30,000.
Bitcoin Try to regain 23.7 On WeekendBitcoin legdown around 5% and bounced back from the yellow support line which it touched before ( on the first dump)
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Usually a Friday dump into weekend does not tell me a real move , meaning this could be retraced and even go higher but if it loses 22K more downside is way more possible than up side.
The liquidation around 24K is now 5M and high leverage is around 2M around 22.8
Detailed explanation on video
Also if you want to talk about trades leave a comment
Thanks for watching
Major cycle bottom is behind - Final confirmation So we got it finally! After today 10W Valid Trend Line break - we are 100% sure that
the major bottom of 40W and all shorter cycles (20W, 10W, 5W, 20D, 10D) is the past
We will be watching closely next week, shortly should we get first estimation for some new target.
Good luck!
bitcoin expected path for the upcoming weeks- follow me for morehey, i am merna, a middle-eastern analyst, follow me for more ideas and quotes on twitter! luv ya ❤️
S = support
S2 = 2nd support
R = resistance
AH = all-time high
Accumulation = where most of the big players bought bitcoin, when price approaches these levels they will defend their positions hard
LINK/USDhey Guys
check this chart
link explode is near...
link is dumped 74% so it need to explode, indicators telling this
(targets on the chart)
just buying spot and waiting about 1 or 2 month for min. 120%
also i will take future position with long
low leverage and should take cross...
don't miss like my last trade - avax/usd
wish u luck