Btcusdanalysis
BTC: Quick Play Zone—Stay Sharp, Take Profits Fast!BTC: Quick Play Zone—Stay Sharp, Take Profits Fast! ⚡
I’ve spotted a blue box on BTC that I really like. However, let me be clear—this is a low-timeframe zone, so don’t expect a massive reaction.
📍 Key Strategy:
First Opportunity, First Profit: The moment you see a move in your favor, lock in those gains.
Protect Your Capital: Move your stop-loss to entry as soon as possible—safety first!
Why This Zone?
Even on lower timeframes, well-defined zones like this one can provide excellent short-term trades. It’s all about timing and discipline.
How I Approach This Trade:
When price reaches the blue box:
Drop to lower timeframes. (5m/15m)
Look for upward market structure breaks.
Use CDV, VWAP, and volume footprint for confirmation before entry.
💡 Insider Tip: Want to learn how to identify these zones and trade like a pro? I teach the use of CDV, liquidity heatmaps, volume profiles, and volume footprints—check my profile or DM me for a crash course.
👉 If you’re ready to seize these short-term opportunities, boost, comment, and follow! Let’s make the most of every move! 🚀
Let me tell you, folks, this is amazing. Nobody does analysis like I do. Believe me. If this helps you, don't forget to boost and comment! It’s a big deal, motivates me to share even more winning insights with you. Tremendous insights.
Let me tell you, this is something special. These insights, these setups—they’re not just good; they’re game-changers. I've spent years refining my approach, and the results speak for themselves. People are always asking, "How do you spot these opportunities?" It’s simple: experience, clarity, and a focus on high-probability moves.
Want to know how I use heatmaps, cumulative volume delta, and volume footprint techniques to find demand zones with precision? I’m happy to share—just send me a message. No cost, no catch. I believe in helping people make smarter decisions.
Here are some of my recent analyses. Each one highlights key opportunities:
🎯 ZENUSDT.P: Patience & Profitability | %230 Reaction from the Sniper Entry
🐶 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
📊 BTC.D: Retest of Key Area Highly Likely
This list? It’s just a small piece of what I’ve been working on. There’s so much more. Go check my profile, see the results for yourself. My goal is simple: provide value and help you win. If you’ve got questions, I’ve got answers. Let’s get to work!
Can this be it?BINANCE:BTCUSDT
BTC is in a broadening wedge.
which means it shall range in it for now!
Price has 2 positive bullish signals from MACD
1-a Bullish divergence
2-a bullish cross on MACD and Signal line!
this can be a great bullish point for Bitcoin
maybe next time we see Bitcoin at 114K!
⚠️ Disclaimer:
This is not financial advice. Always manage your risks and trade responsibly.
👉 Follow me for daily updates,
💬 Comment and like to share your thoughts,
📌 And check the link in my bio for even more resources!
Let’s navigate the markets together—join the journey today! 💹✨
BTC TO $92,525Currently BTC is in a range sideways cycle and consolidating around the 90-95k mark. BTC is still looking more bearish on higher time frames despite the pull backs and pumps on smaller time frames.
On the weekly this pump we have just had just seems to be a larger pull back but i would expect this to respect the fib levels and reject. This presents this short term short opportunity.
In at the rejection at $98,500 with a downside target of around $92,525 which is the next major key level.
BITCOIN- this month decide everything This month is shaping up to be a crucial turning point for Bitcoin as the market braces for decisive movements that could set the tone for the entire year. Analysts are closely watching key indicators and price levels, which will determine whether Bitcoin sustains its upward momentum or faces a significant reversal. With economic data, regulatory developments, and market sentiment all converging, January could define the trajectory of the cryptocurrency's performance in the near term.
Happy New Year 2025 BTC Heading to 120K? We extend our warmest wishes for a prosperous and successful New Year 2025. May this year bring you abundant happiness and trading achievements.
Regarding Bitcoin (BTC), the price has consistently respected the $94,000 level, repeatedly reversing from this area, indicating strong bullish market sentiment. We anticipate bullish momentum propelling the price to a new all-time high in the coming weeks.
Our initial price target is $110,000, with a subsequent target of $120,000. We wish you the best of luck.
Bitcoin's Balancing Act: Navigating Selling Pressure and BullishBitcoin, the world's leading cryptocurrency, currently finds itself at a critical juncture, navigating a complex interplay of selling pressure from long-term holders and several bullish indicators suggesting a potential resurgence. This article delves into the key factors influencing Bitcoin's price, including long-term holder behavior, exchange inflows and miner outflows, hashrate dynamics, and the influence of Bitcoin whales, to assess its potential to reclaim the coveted $100,000 mark.
Critical Support and Long-Term Holder Selling Pressure
Bitcoin is currently facing critical support levels, meaning that its price is approaching a point where a significant drop could trigger further selling and potentially lead to a more substantial correction. One of the primary factors contributing to this pressure is the selling activity of long-term Bitcoin holders. These holders, who have typically held their Bitcoin for extended periods, are beginning to distribute their holdings, adding to the selling pressure in the market. This behavior can be attributed to various factors, including profit-taking after previous price surges, concerns about macroeconomic conditions, or a shift in investment strategies. Monitoring the behavior of long-term holders is crucial for understanding the overall market sentiment and potential future price movements.
Exchange Inflow and Miner Outflow Dynamics
Analyzing Bitcoin exchange inflows and miner outflows provides valuable insights into market dynamics. A drop in exchange inflows suggests reduced selling pressure, as fewer Bitcoins are being deposited onto exchanges for trading.1 Conversely, a decrease in miner outflows indicates that miners are holding onto their Bitcoin rather than selling it immediately, further reducing selling pressure. The recent drop in both exchange inflows and miner outflows is a positive sign, suggesting that selling pressure is easing and potentially paving the way for a price recovery. The expectation is that this reduced selling pressure, combined with other bullish factors, could contribute to Bitcoin reclaiming the $100,000 level.
Bitcoin Hashrate Reaching New All-Time Highs
The Bitcoin hashrate, a measure of the computational power used to mine Bitcoin, has recently reached new all-time highs.2 This is a significant indicator of the network's strength and security. A higher hashrate makes the Bitcoin network more resistant to attacks and demonstrates the continued commitment of miners to the ecosystem. While a high hashrate doesn't directly translate to immediate price increases, it reflects the long-term health and stability of the Bitcoin network, which can indirectly contribute to positive market sentiment and attract new investors. This robust network infrastructure provides a strong foundation for future price appreciation and supports the possibility of Bitcoin reaching $100,000.
The Influence of Bitcoin Whales
Bitcoin whales, entities holding substantial amounts of Bitcoin, exert significant influence on market dynamics.3 Recent data suggests that Bitcoin whales control a significant portion of exchange volume, highlighting their ability to impact price movements. Analyzing their selling patterns is crucial for understanding potential market shifts. If whales begin accumulating Bitcoin, it could signal a bullish trend, while continued selling could exacerbate downward pressure. Understanding whale behavior is essential for navigating the complexities of the Bitcoin market and anticipating potential price swings. The observation that whales control 94.5% of exchange volume underscores their influence and the importance of monitoring their activity for future market predictions.
Can Bitcoin Reclaim $100,000?
The question on everyone's mind is whether Bitcoin can reclaim the $100,000 mark. While the selling pressure from long-term holders presents a challenge, several bullish factors offer hope for a price recovery. The drop in exchange inflows and miner outflows suggests reduced selling pressure, while the record-high hashrate demonstrates the strength and security of the Bitcoin network. The behavior of Bitcoin whales will also play a crucial role in determining future price movements.
Reaching $100,000 will require a combination of factors, including a decrease in selling pressure, renewed buying interest from both retail and institutional investors, and positive developments in the broader cryptocurrency market. If these conditions are met, Bitcoin has the potential to overcome current challenges and reach new heights.
Conclusion
Bitcoin is currently navigating a delicate balance between selling pressure and bullish indicators. While long-term holder selling and critical support levels present challenges, the drop in exchange inflows and miner outflows, coupled with the record-high hashrate, offer positive signals. The influence of Bitcoin whales adds another layer of complexity to the market dynamics.
Whether Bitcoin can reclaim $100,000 remains to be seen, but the interplay of these factors will ultimately determine its future price trajectory. Careful monitoring of these key indicators is essential for understanding the evolving landscape of the Bitcoin market and making informed investment decisions.
GOLD- Levels for Monday 6th- Friday 11th JanuaryHope this benefits you guys. This is not typical S&R or S&D. These levels are based on volume profile and really powerful. NOTE, don't treat these levels as buy and sell points. You will still need to have context behind your trade and use these levels as a reference point. one of the strategy I use is, volume profile along with cumulative delta and footprint. Look for shift in value, delta divergence etc. and when price reaches one of those levels, use footprint for entry. Bottom line is, you have to have context behind your trade. Without context, you are hunting in the dark. Have fun and enjoy
Inverted Head & Shoulders, possible correction to 78k !While the news are fundamentally good and BTC is poised for higher highs, especially with Trump taking power, there is a fear about chartist analysis until then. Indeed, we can see an inverted head-and-shoulders pattern ending on a daily basis, which could cause BTC to correct to around 78k in the short term. However, if this scenario does not materialize, we could see a btc looking for 120k quite quickly.
BTC on high timeframe
"Hello traders,
Regarding BTC on the high timeframe, my recent analysis successfully reached the target zone with price signals indicating a potential rise. I anticipate the price to reach $104,000 after completing its pullback to the mentioned point.
Based on your strategy for holding or trading BTC, consider taking action to reduce risk."
How to outperform Microstrategy in 2025🚀 Michael Saylor vs. Smarter Bitcoin Buying
Michael Saylor has driven waves of excitement with his massive Bitcoin purchases. While it’s fascinating that a software company like NASDAQ:MSTR is using Bitcoin to boost its stock price, that’s not our focus today.
saylortracker.com
Our goal: Outperform Saylor and make better Bitcoin purchases.
📊 Current Market Outlook
📉 60-Day Cycle Low:
Bitcoin appears to be at a 60-day cycle low—a fantastic buying opportunity!
However, don’t hold past the 3-day cycle high.
🔮 What the Cycles Are Telling Us
- 2-Week Cycle: Recently reversed to the downside, signaling potential for further declines.
- 1-Week Cycle: Still declining and likely needs another month to reset.
- 60-Day Cycle: Historically bearish before completing a 24-week cycle.
💡 Key Takeaways
1️⃣ Bitcoin may need a breather before its next big move.
2️⃣ The bull market is intact, with a price range of $130–150K still achievable.
3️⃣ This is unlikely to happen in the first two months of 2025.
⏳ Patience Pays Off
I know you’re eager for gains, and soon enough, your altcoins will have their moment to shine**. 🌟
You’ll be sending screenshots of your portfolio to your friends again, trust me. 😉
📅 Most Probable Scenario
Bitcoin tends to move in 24-week cycles. On the weekly timeframe, we may see further bearish action before a reset, providing even better buying opportunities.
Patience is key—trade smarter, not harder!
This is not financial advice. Always do your own research! 📖
SIMPLE CHANNEL AND SINEWAVE ANALYSIS PREDICTS BITCOIN TOPS DATESSo simple, this is a little tongue in cheek - but refute it - why not? it accurately anchors historically bitcoin tops and associated dates and with this historical alignment - projects future tops and associated dates - It also includes optimum inter-cycle buy zones (anything under zero) and with 4 equidistant channels shows areas of significant price action.
$BTC analysisKey Levels:
Upper Order Block (OB): This area is located exactly between 0.382 and 0.5 Fibonacci retracement levels and serves as a critical resistance zone where sellers are likely to enter.
Descending Trendline: This trendline intersects with the order block, further reinforcing its role as dynamic resistance.
Lower Order Block (OB+): Found near the 0.236 Fibonacci level, it acts as a strong support zone.
Bearish Scenario:
Triggers for a Downward Move:
Price reacts to the order block between 0.382 and 0.5 Fibonacci levels.
The descending trendline coincides with the resistance area, intensifying selling pressure.
Steps of a Potential Decline:
Step 1: Price faces rejection at the resistance area (OB).
Step 2: The initial support around 97,944 (0.382) will be tested.
Step 3: If this level breaks, the price may drop further towards 95,482 (0.236 Fibonacci) and the lower order block.
Final Step: Continued selling pressure could lead to a deeper decline toward the 91,500 support zone.
Updated Key Levels:
Upper Order Block (OB): Located between 0.382 and 0.5 Fibonacci (97,944 - 99,934).
Lower Order Block (OB+): Positioned near 0.236 Fibonacci (95,482).
Conclusion:
The area between 0.382 and 0.5 Fibonacci retracement is a critical zone for sellers. If the price fails to break this resistance, there is a strong likelihood of a decline toward lower support levels.
Breakout Probability: If strong bullish volume and momentum push through the upper order block, the bearish scenario will be invalidated.
BTC/USD: Break Out or Pull Back?The BTC/USD chart shows a critical technical setup, with the price testing a descending trendline near the 200-period Moving Average (MA). This convergence indicates a pivotal moment for market direction. A breakout above the trendline and MA could signal bullish momentum, while rejection might lead to a pullback toward support levels. #btcusd #cryptocurrency
Ice/UsdtOKX:ICEUSDT
**Ice Coin Overview**
- **Market Cap**: $39.5M 📊
This represents the total market value of all Ice Coin in circulation. It’s a key indicator of the asset's size in the crypto market.
- **24h Volume**: $10M 💵
This is the total trading volume in the last 24 hours. A higher volume usually indicates increased interest and activity in the coin, which could lead to price changes.
- **Fully Diluted Valuation (FDV)**: $126.32M 💎
FDV represents the total value of the coin if all tokens were in circulation. It gives a sense of the potential market value based on the total supply.
- **Total Supply**: 2.115B (2.115 billion coins)
This is the maximum number of Ice Coin that will ever exist. The current circulating supply may be smaller, but this is the cap for the coin's supply.
- **Current Price**: $0.005967 💰
This is the current trading price of the Ice Coin in the market. At this price, the coin is relatively low, and small price changes could have a larger percentage impact.
---
### **Resistance and Support Levels Explained**
- **Resistance**: $0.00600 📈
Resistance levels are price points where selling pressure is strong enough to halt the price from going higher. For Ice Coin, **$0.00600** is the immediate resistance level. If the price breaks and holds above this point, it could indicate continued bullish momentum (price moving up).
- **Next Resistance Levels**:
- **$0.0069534** 🚀
- **$0.00700** 🚀
These are the next levels where price could face resistance after breaking the $0.00600 mark. If the price successfully reaches and holds these levels, it indicates strong upward momentum. Traders will likely be watching these points to see if Ice Coin can break through and continue growing.
---
- **Support**: $0.05643 ⚖️ & $0.05500 ⚖️
Support levels are price points where buying pressure is expected to be strong enough to prevent the price from falling lower. If Ice Coin doesn't manage to break through the $0.00600 resistance, it could fall back to these support levels. If the price holds at these points, it may bounce back upward.
- **Next Support Levels**:
- **$0.00500** ⚖️
- **$0.00400** ⚖️
These are critical support levels where the price could find a strong buying interest if it falls below $0.05643. If the price drops below these support levels, it may indicate a bearish trend, and the price could continue to fall.
---
### **What This Means for Traders**
- **Increased Volume**: If trading volume increases, it could signal that more people are interested in buying or selling Ice Coin, which could push the price either upward (bullish) or downward (bearish), depending on how the buying and selling balance out. The volume is a key indicator to watch.
- **Breaking Resistance**: If the price breaks the $0.00600 resistance and holds above it, this would be seen as a bullish signal, meaning the price could keep rising. The next target would be $0.0069534 or $0.00700.
- **Falling Below Support**: If the price can’t hold the support levels at $0.05643 or $0.05500, the next downside targets are at $0.00500 and $0.00400. This would be seen as a bearish trend, and traders would be cautious about the price dropping sharply.
---
**⚠️ Important Note**:
This is **not financial advice**. Cryptocurrency is highly volatile, and prices can change quickly. Always do your own research (DYOR) and consider consulting with a financial advisor before making any trading decisions. 🚫
---
Bitcoin: A New Year's Gift? Engulfing Zones Signalhello guy!
First of all! Happy New Year!
I believe in a long position here! Why? let's explain it!
Engulfing Zones:
The term "engulfed" on this chart represents price levels where strong price movements absorbed opposing orders, marking areas of liquidity shifts.
The most recent engulfing level near $93,500 is a critical pivot. It has established itself as a short-term resistance point to watch.
Support Zone:
The shaded region around $91,000–$92,000 has consistently acted as strong support, with multiple rejections confirming its significance.
This zone is crucial for maintaining the current bullish structure.
Resistance Levels:
First Resistance: $93,500–$95,000, which aligns with prior engulfing price action.
Major Resistance: $97,271, marking the upper boundary of the consolidation range and a potential breakout zone.
Trend Structure:
The chart suggests a building bullish structure, with higher lows forming. This indicates buyers are gradually stepping in at higher price levels.
Potential Breakout Setup:
The chart projects a bullish breakout above $93,500 and a test of $95,000. A sustained move above $95,000 could pave the way for a rally toward $97,271.
____________________________________
Scenarios to Watch:
Bullish Scenario:
A breakout above $93,500 confirms momentum toward $95,000. Clearing this resistance opens the path to $97,271 and possibly higher levels.
The continuation of higher lows supports the bullish outlook, provided the price remains above $91,000.
BTCUSDT - 1H - TRADING LEVELSBTCUSDT - 1H - TRADING LEVELS
TRADEX BOT NEWS:
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BTCUSDT - 1H - TRADING LEVELS
LEVELS:
Resistance: 100k
SL1: 96k
DYNAMIC SL: 95k
SUPPORT1: 92k
SUPPORT: 82k
The signals indicate a strong bearish trend in BTC in the 1D time frame.
In the 1H analysis, 96k could be a new LH, marking a clearly bearish pattern. If it loses 96k, it is better to be out or launch shorts looking for the most important supports.
The important thing to be successful in trading is to be faithful to our strategy. Be clear about where we are, where we want to go and when it is best to be out in liquidity.
__________________________________________________
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I share with you my technical analysis assessments on certain values that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, educate yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)
BTC/USD Analysis BITSTAMP:BTCUSD here are some insights based on the setup:
**Key Observations:**
1. **Resistance Zone:**
- The shaded gray zone around **98,000–100,000** acts as a resistance area.
- The price is currently testing this zone, and you are waiting for **bearish confirmation** to consider a sell position.
2. **Support Zone:**
- A significant support level is marked at **91,098**. This would likely be your first target if the bearish setup is confirmed.
- If this support level breaks, it could open further downside opportunities.
3. **Trend Indication:**
- The price is below the longer-term moving averages, suggesting a broader bearish trend.
- The recent upward move may be a retracement into the resistance zone.
4. **Bearish Confirmation:**
- You're likely looking for a clear rejection pattern (e.g., bearish engulfing, pin bar, or other candlestick patterns) or a lower low on smaller time frames near the resistance zone before executing a sell.
**Trading Plan:**
**For a Sell Position:**
- **Entry:** Upon bearish confirmation (e.g., a rejection from 98,000–100,000).
- **Target 1:** **91,098**, as marked on your chart.
- **Target 2:** Further downside if 91,098 breaks (e.g., levels like 88,000 or 86,000 can be monitored).
- **Stop Loss:** Above the resistance zone (e.g., around 100,500 or 101,000, depending on your risk tolerance).
**For a No-Trade Scenario:**
- If the price breaks above 100,000 with strong bullish momentum and no rejection patterns, it invalidates the bearish setup, and you'll wait for a new opportunity.
**Additional Considerations:**
- Keep an eye on **volume**: Strong rejection at resistance with high selling volume can validate the trade.
- Look for confluences with RSI or MACD divergence (if applicable) for added confidence.
- Monitor for external catalysts (e.g., macro news or BTC-related events) that might influence the price action.
Levont - BTC/USD Analysis: Testing Key Resistance ZoneBTC/USD Analysis (Daily Chart - D1)
Price Structure:
- Bitcoin is currently trading at $96,884 , approaching a key resistance zone between $98,000 and $100,000 . This area has historically acted as a significant rejection point, as seen in previous candles with long upper wicks around this region.
- The chart shows a clear rebound from the support zone around $90,000-$92,000 , where buyers stepped in strongly to prevent further declines. This movement validates the support as a critical level.
- Overall, the structure presents a consolidation pattern within a broad range between $90,000 (support) and $100,000 (resistance) .
Potential Scenarios:
1.Bullish Scenario:
- If the price successfully breaks above the $100,000 resistance (confirmed by a strong daily close above this level), we could see a move toward higher levels such as $102,000-$104,000 , or even beyond.
- An increase in volume during the breakout would be key to validating this scenario.
2.Bearish Scenario:
- If the price fails to break the resistance and shows rejection through candles with long upper wicks or bearish patterns (e.g., shooting stars), we could expect a correction toward immediate support at $94,000 , or even a more pronounced drop toward recent lows at $90,000 .
Key Indicators:
- Volume : Currently low, suggesting indecision in the market. A significant breakout will require notable volume expansion.
- Candles: Recent candles show solid bullish bodies, but the next sessions will be crucial to confirm whether buyers have enough strength to challenge the resistance.
🔑 Key Levels:
- Resistance: $98,000 - $100,000
- Support: $94,000 and $90,000
🌍 BTC/USD Fundamental Analysis
Positive Factors:
1. Institutional Adoption:
- Companies like MicroStrategy continue accumulating Bitcoin. Their recent massive purchase reinforces the long-term bullish narrative.
- Institutional interest remains strong as Bitcoin solidifies its position as an alternative asset against inflation and global economic uncertainty.
2. Favorable Regulation:
- In the U.S., there are expectations of clearer and more favorable crypto policies under the current administration. This could attract new capital flows into the market.
3. Seasonal Trends:
- Historically, January has been a positive month for Bitcoin. Investors often reset their strategies after year-end tax-related sell-offs.
Negative Factors/Risks:
1. Token Unlocks:
- January is expected to see massive token unlocks across various crypto projects (approximately $7 billion in value). This could indirectly create selling pressure on Bitcoin as investors seek liquidity.
2. Global Monetary Policy:
- The hawkish stance of central banks (e.g., the Federal Reserve) could limit flows into speculative assets like Bitcoin if interest rates continue rising.
3. On-Chain Activity:
- While long-term holders are accumulating, on-chain data shows a decline in overall transaction activity. This could indicate reduced interest from retail participants.
Bitcoin Annual Timeframe AnalysisOverview:
Bitcoin's price movement on the annual timeframe demonstrates a clear formation of waves, reflecting market dynamics and investor behavior. The analysis covers the primary wave structures and transitions, as well as the evolution of analytical perspectives based on price actions.
Detailed Analysis:
Major Wave 1 (2009 - 2017):
The first major wave consists of five distinct sub-waves:
Sub-Wave 1: Rise from $0 to $30.
Sub-Wave 2: Correction to $4.
Sub-Wave 3: Strong rally to $1,163.
Sub-Wave 4: Correction to $152.
Sub-Wave 5: Extension to $19,666.
Major Wave 2 (2018):
A sharp correction to $3,122, representing the second major wave. This wave is consistent across all scenarios, marking the end of the first cycle and the beginning of the next major trend.
Old Perspective (2019 - 2021):
The rise from $3,122 to $69,000 was considered the third major wave .
The correction to approximately $15,000 was classified as the fourth major wave .
The expected termination near $75,000–$80,000 was projected to be the fifth major wave , respecting the Termination Channel.
Analytical Shift:
The breakout above $80,000 invalidated the old perspective, requiring a reevaluation. The updated analysis reclassifies the movements within Major Wave 3 as:
Updated Major Wave 3 (2019 - 2024):
Sub-Wave 1: A rise from $3,122 to $69,000.
Sub-Wave 2: Correction to $15,974.
Sub-Wave 3: Current rally to $108,000, with potential extension towards $125,000.
The Termination Channel has now evolved into a Base Channel , providing support for future corrections instead of acting as resistance.
Future Projections:
Sub-Wave 4: A potential correction aligning with the Base Channel.
Sub-Wave 5: A rally to conclude Major Wave 3, potentially exceeding $125,000.
Key Failure Points:
Price dropping below $69,000 would indicate weakening bullish momentum.
Price falling under $46,000 would signify a potential market reversal, undermining the long-term bullish structure. Such a drop would also validate the old perspective, suggesting that Bitcoin's bullish cycle concluded at levels between $108,000 and $125,000.
Conclusion:
Bitcoin's wave structure showcases a clear roadmap of market dynamics. The transition from the Termination Channel to the Base Channel underscores the evolving nature of market analysis. Monitoring price action within these channels and the identified support levels is essential for making informed trading decisions. This analysis highlights key opportunities for growth while recognizing critical failure points to manage risk effectively.