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Btcusdanalysis

#BTC/USDT Urgent Update. If you like money, Read This!Welcome to this quick update, everyone! Bitcoin (BTC) is currently trading at around $98,400 at the time of writing. BTC is making a **bearish retest of the 21EMA** on the daily chart, which is a crucial indicator for identifying short-term trends. This is particularly significant for traders involved in futures and options within the crypto market. - Break above the 21EMA is bullish. - BTC is also retesting the previously broken pennant pattern to the downside. If you're feeling FOMO (fear of missing out), it's better to wait until BTC reclaims the Blue EMA and trades back inside the channel/pennant. If these two levels are recovered, we could anticipate a new all-time high (ATH). However, until that happens, exercise caution. Trading volume is exceptionally low across exchanges, and it's worth noting that during holiday seasons, market makers often exploit these conditions to manipulate prices, leaving retail traders at a disadvantage. While you're free to make your own decisions, my advice is to trade with confirmations. This approach provides an edge and makes holding positions more comfortable while effectively managing risk. If you found this analysis and chart helpful, please hit the like button to show your support and feel free to share your views in the comments section. Thank you! #PEACE
by Cryptorphic
1
BTCUSDT - Bearish sign?daily chart displays a ascending broading wedge pattern can notice obviously how price action going when touches the lower side of the pattern You'll notice a full absorption of the candle, with only a wick touching the lower part of the pattern. It's important to understand that the ascending wedge pattern is inherently bearish, often signaling a downward move. However, Bitcoin rarely gives you a clear short signal like this—it will likely liquidate all short positions first. What’s expected is a strong upward move in the coming days, followed by a drop. Bitcoin’s target for this correction is 85k.
Short
by ceciliones
1
Bitcoin | How to Master Ranges ?In our latest analysis ( BTCUSDT.P: Liquidation of Highly Leveraged Longs ) about ranges we had concluded that high leveraged longs would be liquidated, this was due to the belief of the indicators (cdv, volume footprint, etc.) that there were buyers. However, the lack of buyers in the current picture is a big problem, the data currently says so, but the data is not stable, it can change, you can follow this from volume footprints, cumulative delta volume, liquidation heatmaps. If you do not know how to use these, you can visit my profile, you can contact me, I explain how I use all these tools completely free of charge. My opinion today is that the price will sell nicely from the red line and the decline will deepen, and everyone who follows me knows that I have been repeating this opinion since $103,000. 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. If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT.P: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas 🐢 TURBOUSDT: Buy Zones and Buyer Presence 🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results 🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB 📌 USUALUSDT: Buyers Are Active + %70 Profit in Total 🌟 FORTHUSDT: Sniper Entry +%26 Reaction 🐳 QKCUSDT: Sniper Entry +%57 Reaction I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
Long
by XU99
BTC GOING UP OR DOWN? 74 OR 124?"Sometimes a person doesn't know whether to laugh or cry about their situation and the future events. Being optimistic is good, and pessimism is full of trouble... In this analysis, on the weekly time frame, Bitcoin is on a trendline, but the MACD and Ichimoku indicators suggest a decline, and the candles are still holding strong on the trendline. Although everything seems uncertain and strange, we must wait... Nevertheless, I am still confident and interested in Bitcoin being bullish, but if a bit more Bitcoin is sold, it will definitely drop. If it is not sold, the catastrophe will be avoided, negative divergence and oversold conditions will occur, and the upward movement will begin. The data still shows that Bitcoin is being accumulated... The UAE, companies like MicroStrategy, El Salvador, and other countries and financial institutions are accumulating, but small retail investors are selling. So, we wait for the next developments. Target: $74,000 or $124,000."
by khosrooparviz
2
BTC is approaching the 99,000 resistance zone,BITSTAMP:BTCUSD BTC is approaching the 99,000 resistance zone, where selling pressure could emerge. If this level holds, the downside target remains at 86,000, which aligns with a significant support level. Keep an eye on price action and momentum indicators for confirmation before entering a position. Entry Position: - **Sell Entry:** Around 98,900–99,100 (to account for potential resistance zone fluctuations). Stop Loss: - **Stop Loss:** 99,600 (above the resistance zone to manage risk). Target: - **Take Profit:** 86,000 (key support zone). Risk-Reward Ratio: - Ensure the risk-to-reward ratio is at least 1:2 to maintain a favorable trading setup. Adjust your position size accordingly. Keep monitoring for bearish confirmation signals (e.g., rejection wicks, bearish divergence, or a breakdown of intraday support).
BITSTAMP:BTCUSDShort
by TRADE_CENTER_1
BTCUSDT, D1 chart, Swing Trade Short Setup👋Hello Traders, Our 🖥️ AI system detected that there is an D1 timeframe ICT Short setup in BTCUSDT for Swing trade. Technically it is clearly that a double top formation and a LG at second top. Our idea: BTCUSDT is going to the extension target to the demand zone marked on the chart. May be a possibility back to the FVG before further down. So we only waiting for Short setup for swing trade and day trade in the coming 2 weeks. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Short
by ICT_Trader_SB
Trading plan for Bitcoin price for Christmas & New Year holidays🎄 Christmas and New Year's holidays are coming up, and we congratulate you on that!) We survived, even earned a little, so thank you for that) Currently, the CRYPTOCAP:BTC price has been stopped on "the verge of a foul", but the holidays will lead to a decrease in business activity and an increase in “manipulative volatility.” So, to follow the behavior of the OKX:BTCUSDT price, subscribe to this idea! A big temptation is to “break the stops” of #Bitcoin, which are hiding below $85k, and an even bigger temptation is to close the GAP on the CME BTC chart in the range of $77-78k. And there are several other options for the development of events by combining the BTC.D and USDT.D indices, but I'm too lazy to write about it yet) ⁉️ But if you are interested in us writing “voluminous reflections”, like at the end of 2022 before the start of super growth with plans for 2023-25, which are working out very well👇 then we need inspiration from you in the form of reactions and comments here and maybe a miracle will happen, the main thing is to believe in it!)
by P_S_trade
4
Bitcoin (BTC): What’s Next After This Correction?Good morning, trading family! Bitcoin ( CRYPTOCAP:BTC ) is in a correction, and here’s what could happen next: Option 1: BTC corrects to the $84K range and then makes a move to $11K+. Option 2: We drop further into the $74K zone, then push higher. Option 3: A deeper drop to the $60-$55K zone, followed by a recovery. These are the levels I’m watching. Let’s stay focused and be ready for the next big move! Wellness Challenge: I challenge you to try one of the wellness tips that I added to my videos that I did today ! It could be drinking more water, eating better, or taking short breaks. Pick one and stick with it for a week—let me know how it works for you! Comment, like, follow, or send me a message if you want more details or want to share how your challenge is going! Kris/Mindbloome Exchange Trade What You See
KRAKEN:BTCUSDShort
by Mindbloome-Trading
4
IBIT | Be PatientThe market is declining rapidly, and Bitcoin remains highly volatile, making it dangerous to take risks in the current environment. I have marked the HTF (High Time Frame) demand zones as critical areas to monitor. Trades should be based on the reactions observed in these demand zones on lower timeframes. This approach helps minimize risk while identifying potential entry points with stronger confirmation. 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. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT.P: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas 🐢 TURBOUSDT: Buy Zones and Buyer Presence 🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results 🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB 📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
NASDAQ:IBITLong
by XU99
BTCUSD It's time to dump what you have while it's still profitabWhat to do and where to run to? Friends, don't forget to click like 🚀 under the idea, it's important. Divergence in trading is a multidirectional movement of the price chart and indicator. On the chart, the price of an asset moves in one direction, while the technical indicator that follows it moves in the opposite direction. Divergence warns that the current price trend may weaken and in some cases may lead to a change in price direction. In this case, we observe a double bearish divergence on the 1D timeframe. This is a powerful correction signal. All traders see it, which will logically lead to fixing positions or opening shorts. What will happen next? Two main scenarios now: 1. Sellers are active and as a consequence - local correction and sideways from current values. 2. Sellers are active, but the market maker is pushing prices higher and removing sellers' stops. This will lead to a triple divergence and will further strengthen the selling. As a result - a powerful correction and trading at the lower levels. At the moment, both scenarios have equal priority and the decision will be determined by the balance of power in the moment. The scales of the market maker may tip to either side. 🚀 Trade with the professionals of THS - Wave Theory! 🔹 All trades are based on wave analysis. 🔹 Fixed stop loss and take profit for risk management. 🔹 100% automation: copy trades through CopyFX service. 🔹 Reliability and transparency: the results are confirmed by the market. 📈 Don't miss the chance to earn steadily! 👉 Connect to CopyFX with THS and start copying profitable trades right now! 💡 Details on our channel and in the app!
CRYPTO:BTCUSDShort
by Trade_Hive_Signals
BTC/USD Weekly Chart Analysis: Potential Price Scenarios in 2025Overview: Bitcoin has displayed remarkable strength in the past few months, approaching critical levels in its long-term ascending channel. The current price action reflects bullish momentum, but there are key levels to watch for potential corrections or continuations. Here’s my detailed analysis based on this weekly chart. Key Observations: Ascending Channel: BTC is trading near the upper boundary of a well-established ascending channel, which has historically acted as resistance. If this boundary is broken with strong volume, the next potential target lies around $116,000. Structure Levels: A Weak High at $102,000 indicates the possibility of a short-term pullback before testing the resistance zone. Break of Structure (BOS) and Change of Character (CHoCH) signals confirm bullish dominance, but corrections are part of healthy price action. Moving Averages: The 50-week and 100-week moving averages continue to slope upward, with price trading well above these levels, signaling a strong bullish trend. Any retracement could find support at the 50-week MA or the mid-range of the channel. Support and Resistance Zones: Resistance: $102,000–$116,000. Support: $76,000 (Golden Pocket) and $64,000. Indicators: RSI is currently overbought at 75, indicating the potential for a cooling-off phase. MACD shows bullish momentum but hints at overextension as the histogram peaks. Projected Scenario: Scenario 1: BTC tests the Weak High at $102,000, faces rejection, and consolidates near the mid-range before attempting to break higher. Scenario 2: BTC breaks out of the ascending channel, initiating a parabolic move toward $116,000. Potential Risks: A failure to hold support at $76,000 could lead to a deeper correction, testing key structural levels like $64,000 and $42,000. Macro factors such as interest rate decisions or global economic uncertainties could heavily impact sentiment. Conclusion: Bitcoin is in a strong bull market phase, but caution is warranted near the upper boundary of the channel. Traders should monitor key levels and volume for confirmation of breakout or rejection. A pullback to the mid-range could provide an excellent buying opportunity for long-term holders. Would love to hear your thoughts—do you expect a breakout or a correction? Let me know in the comments below! Disclaimer: This analysis is for educational purposes only and not financial advice. Always do your own research before making trading decisions.
INDEX:BTCUSDLong
by rukshan2102
Bitcoin's Rally Loses Steam: A Reversal Pattern Takes Shape● Bitcoin reached a record high of approximately $108,390, driven by strong bullish momentum. ● However, the rally was short-lived as intense selling pressure kicked in, triggering a rapid decline to $92,500 and erasing some of the recent gains. ● The frequent price fluctuations are likely to form a Head & Shoulder pattern, a bearish pattern that indicates a potential trend reversal and further downside. ● A sharp decline is expected if Bitcoin breaches below $91,500.
COINBASE:BTCUSDShort
by NaranjCapital
BTC GOING TO 193000$!!!"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!"
by khosrooparviz
BTC Trading Thesis SummaryObjective: Action: Open Long Position Current Price: $97,600.00 Take Profit (TP): $100,000.00 Stop Loss (SL): $96,500.00 Exit Point: $98,000.00 Confidence Level: 75% Correlation with BTC: Neutral (0.00) Trade Strategy: Entry Point: Initiate a long position at $97,600.00, anticipating upward movement based on current market conditions. Take Profit ($100,000.00): Targets a significant resistance level, representing strong bullish momentum. Stop Loss ($96,500.00): Positioned to limit potential losses if the price declines. Exit Point ($98,000.00): Aiming for partial profit-taking or reassessment of the position to secure gains. Technical Analysis: Moving Averages: Upward-trending 50-day and 200-day moving averages indicate sustained bullish momentum. Relative Strength Index (RSI): Approaching overbought levels, signaling strong buying interest but cautioning against potential short-term pullbacks. Volume Analysis: Increasing trading volumes on upward movements support the bullish trend and the 75% confidence level. Risk Management: Risk-Reward Ratio: Approximately 2.18:1, favoring potential gains over potential losses. Position Sizing: Limit risk to a small percentage of the portfolio (e.g., 2%) to ensure manageable exposure. Diversification: Maintain a diversified portfolio to mitigate overall risk. Fundamental Catalysts: Institutional Adoption: Growing interest and investment from institutional players enhance BTC’s legitimacy and demand. Regulatory Developments: Favorable regulations can boost investor confidence, while adverse changes may pose challenges. Technological Upgrades: Enhancements to the Bitcoin network, such as scalability and security improvements, support long-term value. Macroeconomic Factors: Economic conditions and monetary policies influence BTC’s appeal as a hedge and alternative investment. Potential Risks: Market Volatility: High volatility may trigger stop losses or limit profit potential. Regulatory Changes: Unfavorable regulations could negatively impact BTC’s price and adoption. Technological Challenges: Network issues or security vulnerabilities could affect investor confidence. Competitive Landscape: Emergence of new cryptocurrencies or advancements by competitors may threaten BTC’s dominance. Conclusion: Bitcoin presents a promising trading opportunity with a strategy to open a long position at $97,600.00, aiming to take profit at $100,000.00 and limit losses with a stop loss at $96,500.00. With a confidence level of 75%, supported by positive technical indicators and fundamental catalysts, this approach balances potential rewards with effective risk management. Continuous monitoring of market conditions and adjusting the strategy as needed will be essential to capitalize on BTC’s potential upward movement.
Long
by titankarma
Bitcoin in 2024: Key Trends, Recent Developments, and Future OutBitcoin in 2024: Key Trends, Recent Developments, and Future Outlook H ello, Bitcoin, the world’s first and most prominent cryptocurrency, continues to dominate the digital asset landscape in 2024. Amid a rapidly changing environment shaped by regulatory updates, technological advancements, and shifting market dynamics, Bitcoin remains at the forefront for investors, institutions, and blockchain enthusiasts. Here, we explore the key trends, recent developments, and risks influencing Bitcoin’s journey. Market Trends and Sentiment Bitcoin’s performance in 2024 has been marked by volatility and resilience. Following a period of price consolidation in 2023, renewed interest in Bitcoin has surged this year, fueled by macroeconomic factors like inflation concerns, geopolitical tensions, and increasing institutional adoption. This renewed focus propelled Bitcoin to a new all-time high of over $103,000 in December 2024, reflecting both strong demand and fluctuating investor sentiment. The bullish outlook is largely driven by institutional adoption. Major financial institutions have expanded their Bitcoin offerings, including exchange-traded funds (ETFs), custody solutions, and Bitcoin-backed loans. The U.S. Securities and Exchange Commission (SEC)’s approval of several spot Bitcoin ETFs earlier this month has been a game-changer, attracting traditional investors and enhancing Bitcoin’s accessibility. Conversely, bearish sentiment arises from persistent regulatory uncertainties, particularly in the United States, where stricter scrutiny of exchanges continues to cast a shadow over the market. Regulatory Landscape Regulation remains a pivotal yet contentious aspect of Bitcoin's growth. In 2024, several countries introduced comprehensive cryptocurrency frameworks, offering much-needed clarity for the industry. For instance, the European Union’s implementation of the Markets in Crypto-Assets (MiCA) regulation has set a benchmark for crypto governance within the bloc, increasing investor confidence. Meanwhile, emerging markets such as India and Brazil have embraced Bitcoin as a tool for financial inclusion, fostering widespread adoption. However, not all regulatory developments have been favorable. The U.S. SEC’s cautious approach has delayed approvals for certain cryptocurrency innovations while increasing oversight on exchanges. This dichotomy between proactive and restrictive regulatory environments will continue to shape Bitcoin’s adoption and growth. Technological Advancements Bitcoin's technological foundations have seen notable progress in 2024, reinforcing its utility and appeal. The Lightning Network, a second-layer solution designed to enable faster and cheaper transactions, has gained significant traction. This technology enhances Bitcoin’s potential to function not only as a store of value but also as an efficient medium of exchange. Sustainability has also become a focal point in Bitcoin mining. Renewable energy now powers a significant portion of mining operations, addressing previous criticisms about Bitcoin’s environmental impact. These advancements reflect a broader industry shift toward greener practices, appealing to environmentally conscious investors. Adoption Trends Bitcoin’s integration into both institutional and retail financial systems continues to deepen. Institutional adoption has reached unprecedented levels, with leading asset managers incorporating Bitcoin into their portfolios and major banks offering Bitcoin-related services. Retail adoption has also grown, with more merchants and platforms accepting Bitcoin as a payment method. The rise of Bitcoin-backed financial products, including derivatives and tokenized assets, highlights its maturation as a financial instrument. Bitcoin’s increasing prominence in traditional finance signals its evolution from a niche digital asset to a key player in the global economy. Recent Developments Influencing Bitcoin’s Price Spot Bitcoin ETFs: U.S. approval of spot Bitcoin ETFs in December 2024 was a watershed moment, enabling easier access for traditional investors and driving Bitcoin’s price to new highs. Regulatory Clarity in Europe: The EU’s MiCA regulations have bolstered confidence among European investors and institutions, fostering a secure environment for Bitcoin operations. Emerging Market Adoption: Nations like Brazil and India have integrated Bitcoin into their financial systems, viewing it as a means of promoting financial inclusion. Geopolitical Instability: Tensions in global markets have reinforced Bitcoin’s role as “digital gold,” attracting investors during times of uncertainty. Sustainability Efforts: Renewable energy adoption in mining has improved Bitcoin’s environmental profile, drawing in environmentally conscious stakeholders. Risks and Challenges Despite its progress, Bitcoin faces significant challenges. Regulatory uncertainty in jurisdictions with restrictive policies remains a key risk. The SEC’s ongoing scrutiny in the U.S. underscores the hurdles Bitcoin must overcome in certain markets. Market volatility continues to deter risk-averse investors, while competition from other cryptocurrencies and blockchain platforms could dilute Bitcoin’s dominance. Security remains another area of concern. While Bitcoin’s blockchain itself is highly secure, vulnerabilities in exchanges and wallets expose users to hacks and fraud. Education on best practices and enhanced security measures will be critical to maintaining trust within the ecosystem. Looking Ahead The future of Bitcoin in 2024 and beyond will depend on its ability to address these challenges while capitalizing on its opportunities. Key developments to watch include further regulatory evolution, ongoing advances in scalability and energy efficiency, and the continued integration of Bitcoin into traditional finance. Bitcoin’s journey from a niche digital asset to a globally recognized financial instrument underscores its resilience and adaptability. As decentralized finance and digital currencies continue to evolve, Bitcoin remains at the forefront, shaping the future of the cryptocurrency landscape. Regards, Ely
BITSTAMP:BTCUSD
by Elysian_Mind
Bitcoin Mid TermFirst Impression: The BTC/USD pair appears to have dropped below the $95,000 level and is under selling pressure. Strong support levels are evident in lower regions. The price is retracing toward levels that previously acted as support during bullish moves. Volume Analysis: No notable increase in volume is observed on the chart. This could indicate that the current downward move is a low-volume correction or that the market is indecisive. However, if volume increases, the likelihood of the downtrend continuing may rise. Price Action: The price is trading around $94,000, showing downward movement. Below, key support levels are visible near $90,700, $88,000, and $85,000. These levels have historically been areas where strong buyers stepped in, making them potential zones for price reactions. Positive Scenario: If the price holds at $94,000 and starts a recovery move, it could climb back above $95,000. In this case, $97,500 would be the first target. Sustained movement above this level could push the price back toward the psychological resistance at $100,000. Negative Scenario: If the price drops below $94,000, a decline toward $90,700 becomes more likely. A break below this support level could lead to further declines to $88,000 and then $85,000. This scenario would indicate continued selling pressure. High Probability: Given current market conditions, it is highly probable that the price consolidates between $90,700 and $94,000 for some time. The balance of buyers and sellers in this zone will determine the direction of the next trend. Overall: The BTC/USD pair is trading near a critical support zone. The $94,000 level should be closely monitored; a drop below this level could drive the price toward lower supports. For upward recoveries, $95,000 and $97,500 are the first resistance levels to watch. Strategies should be adjusted based on volume and price action.
BITSTAMP:BTCUSD
by CryptoSignalAPP
"In markets, gravity always wins."📉 Bitcoin Analysis (BTC/USD) 📉 Bitcoin's meteoric 100% rise since September screams overextension. The euphoria may be fading, and a correction looks imminent. 🔻 Key Levels to Watch: $73,800: The first major support—breaking this could accelerate the drop. $65,600: A likely target if bears take full control. The chart suggests BTC is overdue for a pullback. Corrections after such rallies aren’t just likely—they’re inevitable. Bulls, buckle up. Bears, this might be your moment. "In markets, gravity always wins."
CRYPTO:BTCUSDShort
by Charts_M7M
Bitcoin BTC Has Almost Finished Correction: Huge Gains Ahead!Hello, Skyrexians! We hope you made a right decision when received the warning sign by our Bullish/Bearish Reversal Bar Indicator from our previous Bitcoin analysis . Now we see that this correction is happening right now and there is some space to go down more but not that much as you may be think. Let's take a look at the daily BINANCE:BTCUSDT chart. We can see that our indicator has printed the red dot at the top of the wave 3. After that this dump has been started. This is wave 4 and it has the clear target between 0.38 and 0.5 Fibonacci levels. Therefore we can conclude that max target which price can reach before the reversal is 84k, but it's more likely the reversal will happen earlier, at $89k. When correction will be finished we can expect the wave 5 with the optimistic targets between $120k and $140k. Here is nothing change from the last analysis. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView . Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
by Skyrexio