BTC Parallel Channel in Daily ChartOn the BTCUSD daily chart, we can observe that Bitcoin's price has been oscillating within a well-defined parallel channel. The upper trend line acts as resistance, while the lower trend line serves as support. This channel has been respected multiple times, making it a reliable indicator for future price movements.
Key Observations :
Resistance and Support :
The upper trend line has consistently acted as a resistance level, limiting the upward movement of BTC.
The lower trend line has provided strong support, preventing significant downward breakouts.
Price Action:
The price has touched the upper trend line many times, indicating a strong resistance level.
Similarly, the lower trend line has been tested few times, confirming its role as a robust support level.
Potential Breakout :
A breakout above the upper trend line could signal a bullish trend continuation, leading to higher price levels.
Conversely, a breakdown below the lower trend line might indicate a bearish trend reversal, resulting in lower price levels.
Technical Indicators:
To complement the parallel channel analysis, I have included the following technical indicators:
50-Day Moving Average (50 DMA): Provides a smoothed trend direction.
200-Day Moving Average (200 DMA): Indicates long-term trend direction and potential reversal points.
RSI (Relative Strength Index): Indicates overbought or oversold conditions.
Conclusion:
The parallel channel on the BTC daily chart provides valuable insights into potential price movements. Traders should watch for a breakout above the upper trend line for a bullish signal or a breakdown below the lower trend line for a bearish signal. Additionally, keeping an eye on the included technical indicators can help confirm these signals and enhance trading decisions.
Disclaimer : The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
Btcupdate
Bitcoin Weekly Outlook
BTC is pushing towards key Fibonacci levels, with targets at:
🔹 $129K (61.8% extension)
🔹 $234K (100% extension)
Support remains strong at $81.5K, with resistance around $97.7K. Eyes on a potential breakout to higher levels! 🚀
#Bitcoin #CryptoAnalysis #Trading"
---
Short Analysis Report:
Key Levels:
Support: $81,499 (current strong support zone).
Resistance: $97,698 (near-term barrier for further gains).
Fibonacci Insights:
61.8% extension targets $129,195, aligning with bullish momentum.
100% and 123.6% extensions ($234K–$339K) signal long-term potential if the breakout sustains.
Trend: BTC remains in a bullish channel, with the current structure indicating potential for upward continuation. Short-term corrections may occur but should respect key support levels.
This setup suggests a promising 2025 outlook if momentum persists!
#BTC/USDT Urgent update.#BTC holding steady at support. Will it be a genuine breakout with a retest or just another fake move?
Patience is key, we're waiting for the next few candle closes to confirm the trend.
With no significant resistance here, the market's at a critical point if you zoom out to the HTF.
Stay sharp. I'm holding onto my altcoin positions for now.
IMHO, There's still a high possibility fir BTC to hit $114k.
Invalidation will be a close below $90.2k
DYOR, NFA
#PEACE
Analyzing Bitcoin's Bullish Trajectory: Is $110,000 Achievable? Bitcoin's Bullish Trajectory: A Path to $110,000?
Bitcoin, the world's largest cryptocurrency, has recently shown signs of renewed strength, with 30-day trader profits returning to a "healthy" range. This resurgence of bullish sentiment has reignited speculation about Bitcoin's potential to reach the coveted $110,000 milestone.
The Return of Profitable Trading
After a period of market volatility and declining profitability, Bitcoin traders have once again begun to experience positive returns over a 30-day period. This shift in market dynamics indicates a growing number of traders are capitalizing on the cryptocurrency's upward momentum.
Key Factors Driving Bitcoin's Bullish Run
Several factors are contributing to Bitcoin's bullish trajectory:
1. Institutional Adoption:
o Increased Institutional Interest: A growing number of institutional investors, such as hedge funds and corporations, are allocating a portion of their portfolios to Bitcoin. This institutional interest provides significant support to the cryptocurrency's price.
o Regulatory Clarity: As regulatory frameworks for cryptocurrencies continue to evolve, institutional investors are gaining more confidence in the asset class.
2. Network Upgrades and Scaling Solutions:
o Layer-2 Solutions: The development and implementation of layer-2 scaling solutions, such as the Lightning Network, have the potential to significantly enhance Bitcoin's scalability and transaction throughput.
o Network Upgrades: Regular network upgrades and protocol improvements aim to optimize Bitcoin's performance and security.
3. Global Economic Uncertainty:
o Inflationary Pressures: Rising inflation rates and economic uncertainty have led investors to seek alternative assets, including Bitcoin, as a hedge against inflation.
o Geopolitical Tensions: Geopolitical tensions and global conflicts can also drive demand for Bitcoin as a decentralized and borderless asset.
4. Positive Market Sentiment:
o Bullish Sentiment: A prevailing bullish sentiment among traders and investors has contributed to Bitcoin's price surge.
o FOMO (Fear of Missing Out): As Bitcoin's price continues to rise, FOMO can drive further buying pressure and accelerate the upward trend.
The Path to $110,000
While $110,000 may seem like a lofty target, several factors could propel Bitcoin to this milestone:
• Sustained Institutional Adoption: Continued institutional investment and increased mainstream acceptance can drive significant price appreciation.
• Successful Network Upgrades: Successful implementation of network upgrades and scaling solutions can enhance Bitcoin's utility and attract more users.
• Favorable Regulatory Environment: A supportive regulatory environment can foster innovation and encourage further investment in the cryptocurrency industry.
• Strong Fundamental Factors: A robust economy, low interest rates, and geopolitical tensions can all contribute to Bitcoin's appeal as a safe-haven asset.
Conclusion
Bitcoin's recent price surge and the return of profitable trading activity have reignited optimism among investors. While the $110,000 milestone is not guaranteed, the confluence of favorable factors suggests that Bitcoin has the potential to reach new heights. However, it is crucial to approach cryptocurrency investments with caution, conduct thorough research, and diversify one's portfolio.
#BTC - Bitcoin to $100K - What's Next? Major milestone for #BTC hitting $100K
After a short correction we saw a break to the long awaited $100K
Why I believe a sweep below is in the forming for the nex 5-10 days:
The highest liquidity was above 100K, it got swept
Price retraced to 60%, then extended to the current zone with forming a HTF FVG
Given the liquidity now is way low, it needs to extend a bit more to the 1.382 - 1.618, which is a deviation, form some liquidity then trick everyone that we'll continue to 110-115k
Plenty of retail will now go long on it given it passed the psychological barrier - will attract even more late longs
the #TOTAL market cap is already extended and the funding rates are heating up quite fast
Be on the lookout, take some profits if possible and prepare for the next leg up in around a week!
The Moment of Truth – New ATH Incoming?The time has come for Bitcoin to challenge and potentially break through its key resistance level. Market sentiment, combined with technical strength, suggests that a new all-time high (ATH) might be closer than we think.
Why BTC Could Break Resistance:
Global Momentum: Increasing institutional interest and macroeconomic factors are supporting a bullish outlook.
Volume and Buyer Strength: Recent trading activity shows strong buyer interest near critical levels, hinting at sustained demand.
ETH’s Time to Shine:
Meanwhile, ETH is poised for a resurgence. After a period of underperformance, ETH is no longer being "crushed" by market pressures. With significant developments in its ecosystem and renewed interest, it’s time for Ethereum to perform better and reclaim its standing in the market.
What to Watch For:
BTC breaking resistance with conviction could signal the start of a broader market rally.
ETH following suit could lead to an impressive recovery and potentially outperform BTC in the near term.
The markets are at a tipping point—let’s see how this plays out!
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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Altseason is Here - Follow Triangle BreakoutLong positions are piling up on Bitcoin (BTC) after each other.
I think that investors follow the consolidation to buy more.
Know that symmetrical triangles can break on either side.
Enabling you to follow the breakout, I made this chart.
This chart shows a symmetrical triangle tracing Bitcoin price action.
High as investors' risk appetite is, any drawback is potentially considered an opportunity.
I estimate that large-cap altcoins will do even better.
So, it might be a good idea to follow up on Ethereum.
$BTC Update - Given resistance areas coming in effect spot on!CRYPTOCAP:BTC #Bitcoin #bitcoin100k
Given resistance at $103,093 came in effect just as expected, gave this resistance area and more first time on Nov 12th (x.com). Beautiful break at $97,780 and support test before climb towards $100K on 4H and 1D Both! Latest ATH at $104,000 at the time of writing this post. More resistance area predictions given in the quote. Watch Given S/R, $99,361 current key support here as CRYPTOCAP:BTC discovers new support and resistance areas.
CRYPTOCAP:XRP NYSE:TEL UPCOM:FTM LSE:ONE CRYPTOCAP:DOGE and Most ALTs looking good!
BITCOIN HITS $104K, Target $114-115k!🎉BITCOIN HITS $104K 🎉
Year 2018: “Bitcoin is going to $100k!” – It dumped after reaching $19,878.
Year 2021: “Bitcoin is going to hit $100k!” – It dumped from $69,880.
Year 2024 (Dec 5th): Bitcoin has finally hit $104k.
We did it, folks! We won! 🙌
The patience and perseverance of this community is truly extraordinary.
Remember when we said governments would adopt Bitcoin one day? It’s happening now.
$100k was once a Crypto trader’s dream; now it’s a reality.
If you've been grinding through this for years, you're a real champion. Learn from your mistakes and never let anyone bring you down. You are amazing, believe in yourself. Money follows those who stay resilient.
For me, it took two full cycles to make life-changing wealth. The skills and lessons learned along the way are priceless.
If you're still struggling, don’t worry, stay with me this cycle.
Looking at the chart, $114k seems like a reasonable target before any potential corrections if you analyze the structure. Although no one can predict for sure.
Congratulations again! 🎉
If you’re reading this, you’ve made it. Please share it and like it if it resonates with you.
Thank you.
#PEACE
WELCOME TO 100K BTCUSD.Welcome to 100K BTCUSD!
You’ve just witnessed an incredible milestone in this market.
A beautifully executed trade that delivered results: TP HIT with an impressive +4800 points.
Risk-reward ratio stands strong at 3R—proving the power of patience and strategy.
Here’s to more winning trades and historic moments in the world of Bitcoin!
BTC LONG TP:101000 2HR 02-12-2024Looking to take a long position at 101,000, with entry points between 94,000 and 95,000. A stop loss is recommended at 93,000. This analysis is based on a 2-hour timeframe and will be invalidated in 40 hours if it doesn’t play out. Remember, the entries and stop loss are merely suggestions, so feel free to adjust them to fit your trading strategy. Stay focused! #Bitcoin #Trading
BITCOIN -important data about bullrun (2024 - 2025)Weekly chart displays a parbolic curve pattern and as shown we already started at the base4
-let me tell u more about the parabolic curve..
parabolic curve consist of 4 bases... price going sideway at every base then make double in short period
base 1: 24k - 44k within (84 days)
base 2: 38k - 69k within ( 49 days)
base 3: 58k - 99k within (42days)
-so i expect price go sideway from this point consolidated a base 4 then btc will pumped hard in short period (maximum 60 days)
-if u look at BTC.Dominance u will see a pretty monthly/weekly close below the multi years rising wedge pattern , 0.618 fib this is prime close ...when u applied the previous data about BTC and the Dominance data u will know that we will start an extremly bullish ALTSEASON
-My advice is to detect ur target from now and never sell too early if u gain a profit
-for explain it more i will give u an example:(AVAX)
-in 2021 AVAX pumped hard about 15X within 126days just about 4months ... do u think who bought AVAX sold it with X15 profit?
-absoultly no 99.99% didn't do that , but there is who sell AVAX with loss even when it pumped 15X and others sold at profit of 50% or 100%... imagine the feeling who buy AVAX at the dip and sold it with 50% or 100% profit.. he will wish he had been paralyzed during those 126days to get the great profit
-Therefore, .. contentment is important, but this does not make you sell too early
-Be patient with your coins in the bullrun and you will find that you have earned good profits and set reasonable targets... This is the most difficult challenge
-Because this matter of contentment does not work ...because despite all these heights that you see, you have not seen the crazy jumps yet
This is a promise from me and remember this well ..Once you see crazy jumps, you will not be able to control yourself, greed and FOMO will kill you if you do not have goals from now and a clear plan drawn up.
Best regards Ceciliones🎯
#BTC - Amazing Long Setup Is #Bitcoin ready to break the legendary 100k mark that everyone is awaiting? Check out the analysis below!
HTF Bias:
Price broke the previous daily rejection block / supply zone / structural high,
marked with a purple rectangle, which now means it should hold as a demand
zone for later pullback
From the swing low to high, if we trace a fibonacci retracement, we see that price perfectly rejected from the **Golden Zone - 0.618 - 0.768 **(in this case it barely hit 0.618)
It bounced back to mitigate supply zone left behind, leaving behind the same
flip zone (supply turning to demand zone), reversed and now it just sweeped the
most recent liquidity, showing clear rejection signs, forming a huge wick
LTF Bias:
Now that the HFT is aligned with LTF, all that matters is where we entry the trade
Given we already sweeped the most obvious liquidity, this is how I would place my trade
Stop loss below the most recent sweep, Take Profit at the 1.236 mark on the Fibonacci Extension tool
What are your thoughts on this chart? Do you have any #Bitcoin in your wallet?
What are your targets?
Follow for more daily ideas!
BTC AT IMPPORTANT LEVELBitcoin is at a pivotal juncture, testing an important price level that could define its next move. A breakout above this zone could signal renewed bullish momentum, attracting fresh interest from traders and investors. On the other hand, rejection here might lead to consolidation or a pullback, highlighting the importance of this level in shaping BTC's short-term trend. All eyes are on the charts as the market awaits the next big move..
BITCOIN UPDATE: MUST READ!!!I may get a lot of criticism for this, but before you write a hate comment, please read the update carefully.
November has been a great month for BTC, with a solid 48% gain, pushing it to a new all-time high. This growth has also benefited altcoins.
Currently, BTC is facing rejection, and if it undergoes a correction, we are likely to see levels around FWB:73K –$74k by February 2025. The RSI is already in the overbought zone and is displaying a bearish divergence pattern.
The only way BTC can avoid this rejection is by breaking above its new all-time high. I plan to follow this pattern unless BTC successfully breaks above its all-time high.
That’s all for now. I hope this helps you make better decisions.
As always, conduct your own research and analysis before investing.
Thank you!
BTC LONG TP:100k 1 HR 30-11-2024Bitcoin is aiming for 100k on a 1-hour timeframe, with a focus on establishing a long position in the 96,500 to 95,000 range. It's recommended to set a stop loss at 94,000. Please note that the entry points and stop loss are merely suggestions, so feel free to adapt them to your own trading strategy. This analysis will be invalidated if the expected movement doesn't occur within the next 30 hours. Stay sharp and trade wisely! #Bitcoin #Trading
Is Bitcoin's Liquidity Index a Reliable Indicator for PredictingBitcoin (BTC) has been making significant strides in recent times, and a new analysis suggests that the cryptocurrency could reach a local top of $102,000 by January 2025. This prediction is based on the behavior of Bitcoin's liquidity index, a metric that measures the ease with which Bitcoin can be bought or sold.
The Significance of Bitcoin's Liquidity Index
The liquidity index is a crucial indicator of market sentiment and potential price movements. A higher liquidity index suggests increased investor interest and a stronger demand for Bitcoin. Conversely, a lower liquidity index may signal waning interest and potential price declines.
Historical Correlation Between Liquidity Index and Bitcoin Price
Historical data reveals a strong correlation between Bitcoin's liquidity index and its price. In the past, periods of high liquidity have often preceded significant price rallies, while periods of low liquidity have coincided with price corrections.
The 2025 Prediction
Based on the current trend of the liquidity index, analysts predict that Bitcoin could reach a local top of $102,000 by January 2025. This projection is supported by the historical correlation between the index and Bitcoin's price.
However, it's important to note that this prediction is based on the assumption that the historical correlation between the liquidity index and Bitcoin's price will continue to hold. While this assumption is reasonable, it's not guaranteed. Several factors could influence Bitcoin's price trajectory, including macroeconomic conditions, regulatory developments, and geopolitical events.
Potential Correction After the Peak
Following the projected $102,000 peak, Bitcoin may undergo a correction to around $70,000. This potential correction could be driven by profit-taking, overbought conditions, or a shift in market sentiment.
Factors Influencing Bitcoin's Price
Several factors could impact Bitcoin's price in the coming months and years:
1. Macroeconomic Conditions: Global economic conditions, such as inflation rates, interest rates, and GDP growth, can significantly influence Bitcoin's price.
2. Regulatory Environment: Regulatory clarity and favorable policies can boost investor confidence and drive Bitcoin's adoption.
3. Institutional Adoption: Increased adoption of Bitcoin by institutional investors, such as hedge funds and pension funds, can provide significant price support.
4. Network Upgrades: Technological advancements and network upgrades can enhance Bitcoin's scalability and efficiency, attracting more users and investors.
5. Market Sentiment: Investor sentiment, including fear, greed, and speculation, can play a significant role in short-term price fluctuations.
Conclusion
While the liquidity index suggests a potential $102,000 peak for Bitcoin by January 2025, it's essential to approach this prediction with caution. The cryptocurrency market is highly volatile, and unforeseen events can significantly impact Bitcoin's price.
Investors should conduct thorough research and consider consulting with financial advisors before making any investment decisions. It's also crucial to diversify one's investment portfolio and manage risk effectively.
As Bitcoin continues to evolve and mature, its long-term potential remains significant. However, investors should be prepared for both upside and downside volatility in the short term.