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Btcusdanalysis

JUST IN: Bitcoin at $107,000Bitcoin, the flagship cryptocurrency, recently broke past the significant $107,000 psychological resistance level before retracing to $106,000. Despite this pullback, several technical and fundamental indicators suggest a bullish trajectory for the digital asset in the near term. Technical Analysis A key technical indicator supporting the bullish outlook is the imminent formation of a golden cross pattern on Bitcoin’s chart. This occurs when the 50-day moving average (MA) crosses above the 200-day MA, a classic signal of bullish momentum and a potential sustained uptrend. Historically, golden cross patterns have often preceded major price rallies in Bitcoin. For instance: - In 2020, the formation of a golden cross preceded Bitcoin’s surge from $10,000 to its then all-time high of $64,000. Currently, Bitcoin’s Relative Strength Index (RSI) sits at 58, which is within neutral territory but trending upward. This indicates that there is room for further bullish momentum without the asset being overbought. Market Performance As of this writing, Bitcoin is up 2% on the day, trading at $106,000. The price action suggests strong buying interest at the current levels, even as the market absorbs profit-taking near the $107,000 mark. Key support levels to watch include $104,500, while resistance remains at $107,000 and beyond. Beyond technical signals, several fundamental factors are bolstering Bitcoin’s bullish outlook: 1. Institutional Interest: Recent data highlights a surge in institutional inflows into Bitcoin-focused investment products. This renewed interest comes amid increasing macroeconomic uncertainty and Bitcoin’s reputation as digital gold. 2. Supply Dynamics: Bitcoin’s halving event, expected in mid-2025, is already influencing market sentiment. Historically, halvings have significantly reduced the rate of new Bitcoin entering circulation, often leading to price increases as demand outpaces supply. 3. Global Adoption: Countries and corporations continue to embrace Bitcoin as a legitimate asset. Recent announcements of Bitcoin integration into payment systems and growing adoption as a store of value further validate its utility and potential. Conclusion With the golden cross pattern on the verge of confirmation, Bitcoin’s technical setup suggests that a strong bullish run could be imminent. Coupled with favorable fundamentals, including increasing institutional participation and global adoption, Bitcoin appears well-positioned to continue its upward momentum. Traders and investors should keep an eye on the $107,000 resistance level, as a decisive break above it could pave the way for Bitcoin to target $110,000 and beyond. However, as always, caution is advised, as market volatility remains a key characteristic of the cryptocurrency space.
BINANCE:BTCUSDLong
by DEXWireNews
4
Key Points: Intraday BTC Price Movement Context: Options Expiry: $7.8 billion in Bitcoin options expire on January 31, with a significant portion out of the money. Max Pain Price: Key options price level is $98,000. Institutional Influence: Positive developments like rescission of SAB 121 (allowing banks to custody Bitcoin) could boost sentiment. Implied Volatility: High (DVOL ~60), indicating potential for significant price swings. Scenarios: 1. Bullish Scenario Catalyst: Institutional buying or positive announcements. Price Movement: Breakout above $106,850 with potential to test $110,000. Supporting Factors: Strong futures/options participation (open interest). Positive spot netflows (accumulation). Overbought technical indicators (RSI > 70). Confidence Level: Medium (60%). Resistance at $110,000 requires strong momentum. 2. Bearish Scenario Catalyst: Market gravitation toward the max pain level ($98,000). Price Movement: Rejection at $105,000-$106,000, retracing to $100,000-$98,000. Supporting Factors: Historical tendency for prices to move toward max pain before options expiry. Increased selling pressure in spot netflows. Neutral/negative funding rates (bearish leveraged sentiment). Confidence Level: High (75%). Options expiry dynamics favor the max pain theory. 3. Neutral Scenario Catalyst: Absence of significant market-moving news. Price Movement: Consolidation between $104,000-$106,000. Supporting Factors: Lower volatility as expiry approaches. Balanced long/short positioning (neutral funding rates). Confidence Level: Medium-High (70%). Key Indicators to Monitor: Netflow Data: Increased spot inflows → Bearish. Increased spot outflows → Bullish. Funding Rates: Negative → Bearish. Positive → Bullish. Volume & Open Interest: High activity near key levels confirms breakout or breakdown. News Impact: Institutional or macroeconomic announcements can override technicals. Trading Strategies: Bullish Setup: Entry: Above $106,000. Stop-loss: $105,000. Targets: $108,000 and $110,000. Bearish Setup: Entry: Below $104,000. Stop-loss: $105,500. Targets: $100,000 and $98,000. Neutral Setup: Focus on range trading between $104,000-$106,000. This structured thesis accounts for options expiry dynamics, technical factors, and market sentiment.
by titankarma
BTC LONG TP:111,000 21-01-2025A long position in Bitcoin has been established, focusing on the 1-hour timeframe, with the aim of reaching a target of 111,000. It is anticipated that this goal will be achieved within a timeframe of approximately 8 to 16 hours. It is important to emphasize that if this target is not met within the specified period, the position will be deemed invalid, and a thorough review of the adopted strategy will be conducted.""A long position in Bitcoin has been established, focusing on the 1-hour timeframe, with the aim of reaching a target of 111,000. It is anticipated that this goal will be achieved within a timeframe of approximately 8 to 16 hours. It is important to emphasize that if this target is not met within the specified period, the position will be deemed invalid, and a thorough review of the adopted strategy will be conducted.
CRYPTO:BTCUSDLong
by ReyDragon21
Skyrexio | Bitcoin Dominance: Altseason Is About to Be CancelledHello, Skyrexians! We know how you wait for the altseason, but market is about to make the new shakeout! The CRYPTOCAP:BTC.D drop in November 2024 gives us the belief that all altcoin holders will be rich, but it has started to go up again with slow altcoins bleeding. Now we have the last chance to be saved. If now, say hello to new lows for altcoins. Let's take a look at the daily chart. Dominance dropped after printing the Bullish/Bearish Reversal Bar Indicator . We still count this wave as the wave 1. The wave 2 in our opinion is happening now. This wave has the ABC shape which has the chance to be finished now inside the Fibonacci 0.618 target area. Moreover we can see red dot on the indicator. Next week will be decisive for crypto market. If dominance will decrease from here we will see the altseason soon. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
CRYPTOCAP:BTC.DShort
by Skyrexio
2
Bitcoin yearly divergency BITSTAMP:BTCUSD Take a look on this historical Bitcoin chart. Based on my 2 indicators Accumulation and Distribution we can see huge yearly divergency. Step by step whales distribute coins which they got in a first 5 years. From 2015 till now we see pure divergency. I think we will see new ATH around 89000-130000 and reject one more time at the main line on ADZ indicator. Based on Direction indicator (lowest) we touch the same level where BTC was in 2015. Of course we will not repeat % pump because Bitcoin is to heavy now. But model can be similar with uptrend move. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
BITSTAMP:BTCUSDLong
by Crypto4light
Bitcoin - Sell in May and go away BINANCE:BTCUSDT This is pretty simple but logic movement. All market drive by algorithm and plan Impulse from top 69 to 42 and next Fib Trend Extension At 0.618 level we came almost to 25314 Locally we should came and find a rejection at covid dump up-trend line. Its hard to say about timing but if we take a look on macro in a world most likely we can see this uptrend move till end of April and "sell in may and go away" cliche. Recession have an always lag around 2-4 months. We probably already in recession, but affect we will see later. Also DXY this time will be around 108-110 After September/October macro situation will start stabilise and we will see test 20-19K again like strong support zone. Than few month in flat around 19-24K range again so more and more people build consensus about 10-12K for SURE. And start climbing up slowly but surely. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
11
BTC/USDT 1H: Bulls Eyeing a Reversal from Key Support!BTC/USDT 1H Chart Analysis 🚀 Follow me on Tradingview if you respect our charts 📈 Confidence Level: 8/10 Current Market Structure: Bearish momentum with price at $102,288, testing key support levels. RSI: 37.20, oversold with signs of a potential reversal. MACD: Bearish crossover, with momentum (-511.49 vs -615.66) slowing. Trade Setup: Entry Zone: $102,300-$102,500 (wait for RSI divergence confirmation). Targets: T1: $103,200 (1.5R). T2: $104,000 (2.5R). Stop Loss: Below $101,800 (recent swing low). Risk Score: 7/10 (moderate). Market Maker (MM) Analysis: Institutional selling pressure evident from high-volume dumps. Hidden Bullish Divergence: RSI showing lower lows while price holds support. Potential liquidity grab below $102,000 before reversal. Key Levels: Support: $102,000, $101,500. Resistance: $103,500, $104,200. Order Block: $103,800-$104,000. Recommendation: Wait for RSI to break above 40 to confirm reversal before entering longs. Watch for a liquidity sweep below $102,000 as a potential entry trigger. Manage risk tightly due to bearish momentum. Confidence Level: 8/10 for a cautious bullish setup with proper confirmation. 🚀 Follow me on Tradingview if you respect our charts 📈
COINBASE:BTCUSDLong
by Cryptokijker
Bitcoin Gains, Ethereum Struggles, Hashprice SurgesBitcoin Eyes Further Gains as Ethereum Struggles With Declining Demand and Bitcoin Hashprice Hits One-Month Highs, A Bullish Signal for Miners The cryptocurrency market is a dynamic and ever-shifting landscape, with different assets experiencing varying fortunes. While Ethereum grapples with declining demand and network activity, Bitcoin is showing signs of renewed strength, buoyed by positive on-chain metrics and a resurgence in miner profitability.1 This article delves into the factors contributing to Bitcoin's current momentum, contrasting it with Ethereum's struggles and highlighting the significance of rising hashprice for Bitcoin miners. Bitcoin's Resurgence: A Confluence of Positive Factors Several factors are contributing to Bitcoin's current positive trajectory: • Renewed Institutional Interest: Despite the bear market of 2022, institutional interest in Bitcoin remains significant. Many institutional investors view Bitcoin as a long-term store of value and a hedge against inflation.2 Recent reports suggest renewed inflows into Bitcoin investment products, indicating a resurgence of institutional confidence. • Positive On-Chain Metrics: On-chain metrics, such as the number of active addresses, transaction volume, and long-term holder accumulation, provide valuable insights into the health of the Bitcoin network. Several key on-chain indicators are currently flashing bullish signals, suggesting increasing network activity and strong holding behavior. • Growing Adoption: While still early, Bitcoin adoption continues to grow globally. More businesses are accepting Bitcoin as payment, and more individuals are using it as a store of value. This growing adoption contributes to Bitcoin's long-term value proposition. • Hashprice Surge: One of the most significant indicators of Bitcoin's current strength is the resurgence of hashprice. This metric, which represents the estimated revenue a miner earns per unit of hashing power, has hit one-month highs. This increase is a direct result of both rising Bitcoin prices and increased transaction fees, providing much-needed relief to miners. Ethereum's Struggles: Declining Demand and Network Activity In contrast to Bitcoin's positive momentum, Ethereum is facing challenges related to declining demand and network activity. Several factors contribute to this downturn: • Competition from Layer-2 Solutions: The rise of layer-2 scaling solutions on other blockchains has diverted some activity away from the Ethereum mainnet. These solutions offer faster and cheaper transactions, making them attractive alternatives for certain use cases. • Decreased DeFi Activity: The decentralized finance (DeFi) sector, which was a major driver of Ethereum's growth in 2020 and 2021, has seen a significant decline in activity. This decline has reduced demand for Ethereum block space and contributed to lower transaction fees. • NFT Market Cool-Down: The non-fungible token (NFT) market, another significant driver of Ethereum network activity, has also experienced a cooling-off period. This has further reduced demand for Ethereum transactions. Bitcoin Hashprice: A Bullish Signal for Miners The recent surge in Bitcoin hashprice is a crucial development for the Bitcoin ecosystem. Hashprice is calculated by dividing the total revenue earned by miners (from both block rewards and transaction fees) by the total network hash rate. A higher hashprice indicates increased profitability for miners. The combination of rising Bitcoin prices and increasing transaction fees has driven the recent increase in hashprice. This is particularly important because miner profitability is crucial for the security and stability of the Bitcoin network. When miners are profitable, they are incentivized to continue securing the network, ensuring its resilience against attacks. The Significance of Transaction Fees Transaction fees play a vital role in the Bitcoin network. They incentivize miners to include transactions in blocks and contribute to the network's long-term sustainability. As the block reward (the amount of Bitcoin awarded to miners for each block they mine) continues to halve approximately every four years, transaction fees will become an increasingly important source of revenue for miners. The recent increase in transaction fees is a positive sign for the Bitcoin network's long-term health. It demonstrates that users are willing to pay for block space, indicating continued demand for Bitcoin transactions. Conclusion While Ethereum faces challenges related to declining demand and network activity, Bitcoin is showing signs of renewed strength, driven by positive on-chain metrics, renewed institutional interest, and a resurgence in miner profitability. The recent surge in hashprice, fueled by rising Bitcoin prices and increasing transaction fees, is a particularly bullish signal for the Bitcoin ecosystem. This combination of factors suggests that Bitcoin is well-positioned for further gains in the near future. It's important to remember that the cryptocurrency market is highly volatile, and past performance is not indicative of future results. However, the current3 trends suggest that Bitcoin is entering a period of renewed strength, while Ethereum faces headwinds that could impact its short-term performance. The dynamic nature of the crypto market necessitates continuous monitoring and adaptation to new information.
COINBASE:BTCUSDLong
by bryandowningqln
Inverse H&SH BTC ready to break outThis is a long term chart I have used for years, and keep adding to it. Now I see these trend lines, made a long time ago coming into play again, thee fib is from the last cycle high to low with extions to look at all .618s . BTC just hit 1.618 I see 2 or 3 maybe the 4.618 this cycle, nut haven the plan to ladder out as we get closer to areas shaded in the chart. If this inverse h & sh in yellow breaks up then BTC measured move is to 125K the 2.0 extension, then restests along the way, but look at the old whit trend lines and see hoe btc cant touch the top as in makes this move this is public and my handle is Chefrusty, you are welcome to use it as a guide, the indicators are hidden right now and some are paid for, but the chart is a good guide for this bull run and has been backtested for time and percetage gains, watch for sell in May and go away, anf then buy back in is Sept this year. BUT BUT BUT how different will this cycle be than the others with crypto firendly president?
BITSTAMP:BTCUSDLong
by Chefrusty
Bitcoin on 5th Elliot Wave ? Whats next ? I think there can be little doubt as to the fact that we ARE on the 5th Elliot wave and so an ABC correction should be expected. The question is how Deep will that go And we all know how hard that is to predict, Stupid to try and be to clever about it, even more so these days with times changing in Crypto world However, given market sentiment, I do not think it will go to deep TradingView has an excellent tool for Elliot waves but I do think this is predicting a drastic drop in error As you can see, it suggests a drop down to around the 200 EMA ( Yellow) at around 51K ! I do not think we are going to see that just yet. Bitcoin has broken so many rules again. Including the bearish pennant it destroyed in Jan 2023 For me, I think it is highly unlikely we will Drop to far and the long term rising support line off Jan 2023 is the Floor for now. Even a Vertical drop from our current position would being us to around 73K on the rising Support line. We are most likely in for a long Ranging again and we have yet to fully see the range width ( having said that, it could drop like a Stome, be prepared ) The deepest dip so far this cycle has been -29% when we ranged for 6 months in March - Sep 2024. This then bounced off the rising support and brought us to where we are now. So could we see an ABC correction in a similar range ? YES - a -30% Drop also brings us nicely into the still open CME gap at 77K - 80K. It needs filling and CME Gaps ALWAYS get filled eventually. A Dip like that over the next 6 months would also reset the overbought Weekly MACD As you can see, that MACD needs to reset, BEFORE we try for the Cycle Top ATH. It took 6 months to cool off in March - Sep 2024 MACD can range high but I have never seen that on a Weekly.........But......... Accumulation is still happening. Adoption of BTC is high So, in conclusion, we wait. The FED next week will certainly add to the Mix with its choice of Rates But what ever happens, BTC is currently OVERBOUGHT on Weekly - Rising from neutral on a Daily and falling Bearish on 1 & 4 hour It can move higher, it would be better if it cooled off for a bit And in the back of my mind, I still see that 2013-2017 Fratal that also suggests a -30% pull back - but we are getting late fo that if we going to stray on the fractel Time Will tell
by Orriginal
2
Bitcoin is building pressure for a real breakFor over a month, BTC has been trading within a range, with well-defined support at the 90k level and resistance around the 110k zone. Two days ago, the price briefly reached a marginal new all-time high before reversing. However, following this pullback, the price quickly recovered. Over the past five trading days, it’s clear that the price is building momentum, creating pressure for a potential breakout. If (and when) this breakout occurs, it could lead to a continuation of the upward trend, with a measured target around the 130k level.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
BITCOIN CAN MOVE TO GIVEN TARGET AREABitcoin's price action continues to capture attention as it edges closer to a significant target on the charts. Traders and investors are closely monitoring its movement, analyzing key support and resistance levels to predict the next possible breakout or retracement. With market sentiment and trading volumes playing crucial roles, the question remains: will Bitcoin achieve its target, or will it face a correction? Stay updated and ready for potential opportunities as the momentum unfolds!
BITSTAMP:BTCUSDLong
by SadarExplore
Bitcoin Trade Setup – Jan 21📊 BITMEX:XBT Bitcoin Trade Setup – Jan 21 Hey Traders! Here’s our setup for BTC-USD (Bitcoin)! ₿ 📌 Plan of Action: We’re holding off for now—waiting for this last 10days of January for clear market sentiment and crypto pro report from the US. No pending orders, just market orders when conditions are right. 📈 Buy Entry Condition: A clear breakout above $110,000 with a confirmed candle close will signal a buy opportunity. 💡 Key Points: The setup hints at a short-term breakout with a retest, leading to a textbook ABC Elliot wave trend continuation. The 38.2% Fibonacci Trend SR still serve as a strong resistance, and when broken becomes a strong support aligning with a bullish fundamental outlook. Avoid sell traps—stick to the trend! ⚙️ Next Step: Set up your chart, place alerts, and wait for confirmation. Share your thoughts or questions in ⁠💬 Comment below Cheers, and happy trading! 🫡
COINBASE:BTCUSDLong
by niclaxfx
Skyrexio | Bitcoin BTC Has Cancelled The Bear Market!Hello, Skyrexians! Last month BINANCE:BTCUSDT has clearly broken $100k. Most of people think that it's too late now to buy Bitcoin because price is too high, but our analysis tells us that it was only one half of the potential bull run. Let's take a look at the monthly time frame. We can see the new Elliott Wave structure. Earlier we had a chance that this bull run could be the wave 5, but recently the Awesome Oscillator broke the previous high. The potential bearish divergence has been broken as well. Moreover, Fractal Trend Detector shows that this bull run is strong and no single sign of weakness now. This is large wave 3 which has the target at least at $125k, but most likely it will hit $190k in 2025. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Long
by Skyrexio
Are you waiting for Altcoins to pump?BTC Dominance (BTC.D) hasn't dropped yet, and many of you might be losing patience. But as I see it, we won't see the bull run we're hoping for unless BTC.D falls below 57%. The big question is: how long can it hold at this level? My advice: wait until it drops closer to 49%. Keep an eye on whether it breaks through this resistance. If it doesn't, expect BTC.D to find support at this level and continue its dominance. I’ll share one more chart that’s crucial for the upcoming bull run, so make sure to follow me for the updates!
CRYPTOCAP:BTC.D
by blocksat
1