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BTC/USD Technical Analysis (Updated Bearish Scenario)Will BTC go down to 72k? In my previous Analysis I talked about BTC consolidating within a symmetrical triangle pattern indicating indecision in the market. first BTC has broken down from the symmetric triangle with a bearish engulfing candle, indicating bears has enter the market. Secondly BTC has broken the Blue support zone indicating more bears confirmation. for now I will advice to wait for a retest towards the blue zone or towards symmetric triangle then look for entry pattern for a sell/short position. Key Bearish Levels to Watch: Support: $72,000 is the main level to monitor. A strong reaction here could lead to a temporary bounce. Breakdown Risk: If BTC fails to hold $72,000, increased selling pressure could drive further downside. Bearish Confirmation: Sustained trading below $72,000 could signal continuation of the downtrend. Low buying volume at this level would indicate weak support and higher chances of a breakdown. RSI and momentum indicators turning oversold could hint at a short-term relief bounce. Potential Scenarios: 1. If BTC Holds $72,000: A consolidation or bounce could occur, leading to a possible recovery.
BITSTAMP:BTCUSDShort
by VENRAW
BTC SHORT TP:89,000 24-02-2025Bitcoin continues to exhibit bearish patterns, and my next target for taking profits is set at 89,000. However, technical analysis indicates that 85,000 serves as a key support level. Stay updated and follow me for the latest developments on this trade. The analysis should unfold within a timeframe of 16 to 25 hours; if this does not happen, it will be considered invalid. It's important to keep a close watch on market movements during this period.
CRYPTO:BTCUSDShort
by ReyDragon21
Bitcoin 4H Chart Analysis & PredictionKey Observations: 1. Price Action: - The price is trading near $91,575, following a significant sell-off with large red candles. - There is a small bounce after tapping into a green demand zone, suggesting potential short-term support. 2. Support & Resistance: - Strong Resistance: - $93,927 - $94,675 - $95,109 (cluster zone) - $96,118 - $96,756 (major resistance) - Support Levels: - The current green zone around $91,000 - If broken, next support appears closer to $89,000-$88,000. 3. Liquidation Levels (Circles on the Chart): - The large orange and blue circles represent high liquidation points. The orange circles above signal potential resistance as trapped longs may sell into rallies. - The blue circles below suggest liquidity that could attract further downside moves. 4. RSI (Relative Strength Index): - RSI sits around 24.5, in deep oversold territory, suggesting a potential bounce or consolidation. - However, RSI can remain oversold during strong downtrends. 5. Momentum Indicators: - Market Cipher B-like signals: - Green dots at the bottom, indicating potential bottom formation or relief bounce. - The momentum waves are still pointing downward but could flatten if buyers step in. - Bearish Divergence: Still visible in previous moves, so bulls need confirmation before a trend reversal. 6. Money Flow Index (MFI): - Negative flow continues, showing capital leaving the market, adding bearish pressure. Scenarios & Predictions: ⚡ Scenario 1: Relief Bounce (Bullish Short-Term) - If the $91,000 support holds and RSI recovers from oversold, we could see: - Target 1: $93,927 - Target 2: $94,675 - $95,109 (key decision zone) - A break above $95,109 with volume could push towards $96,756. However, rejection is likely given heavy liquidity above. ⚡ Scenario 2: Breakdown (Bearish Continuation) - If $91,000 fails, expect a sharp decline toward: - Target 1: $89,000 - Target 2: $88,000 - Momentum and money flow indicators still favor this scenario unless buying volume spikes soon. Overall Bias: - Short-term neutral-to-bearish, with potential for a relief bounce. - Watch for volume confirmation and RSI divergence on lower timeframes before entering long positions. 🕵️Key Levels to Watch: - $91,000: Immediate support. - $93,927 - $95,109: Short-term resistance cluster. - $89,000 - $88,000: Next downside target if the current support breaks. ⚡ Final Note: The market is showing exhaustion signs but needs confirmation for a reversal. If Bitcoin doesn’t hold the current level, the liquidity below could drive another sell-off. Always manage risk carefully—especially with heavy liquidity zones nearby.
by bitfate
Bitcoin Breakdown: Descending Wedge in Play Bitcoin has officially broken down from its descending wedge pattern, slipping below key trendline support. This signals a potential continuation to lower levels unless bulls step in aggressively. Pattern Breakdown: 📉 Descending Wedge Breakdown – Bitcoin was consolidating within a wedge formation, but the lower trendline has now been breached, confirming a bearish move. The increase in volume suggests strong selling pressure. Key Levels to Watch: 🔴 Resistance: $99,563 - $100,763 (previous supply zone) 🟢 Support: $92,247 (minor), $89,067 (critical), and $76,612 as a major downside target 🔹 200 EMA (Daily): $85,683 – Potential dynamic support 🔹 200 SMA (Weekly): $44,417 – Long-term floor What’s Next? If Bitcoin fails to reclaim the $92,247 - $93,000 zone, we could see a deeper correction. Volume is rising on this breakdown, reinforcing the bearish outlook. Bulls need to reclaim the broken trendline and break back above the 9 EMA ($94,712) to regain control. Bottom line: Bitcoin is at a critical level—either we see a strong bounce soon, or lower supports will come into play. A descending wedge breakdown often leads to further downside unless bulls reclaim key levels fast.
COINBASE:BTCUSD
by CryptocurrencyWatchGroup
BTC/USDT 1H: Bearish Rejection – Accumulation in Play !!BTC/USDT 1H: Bearish Rejection – Accumulation in Play, Await Reversal Confirmation? 🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates! Current Market Structure: Price at $94,189, showing bearish momentum after rejection from $98.8K. Market structure remains bearish following a break of the previous swing low at $95.2K. Hidden bearish divergence on RSI is evident, with RSI making lower highs while price holds equal highs. Market Maker Activity: Smart Money appears to be accumulating at these levels based on volume profile. Accumulation suggests potential for a reversal if key support at $93.2K holds. Trade Setup (Confidence 8/10): Entry: $94,200 - $94,400 zone. Targets: T1: $96,400 (previous support) T2: $98,200 (supply zone) Stop Loss: $93,200 (below recent swing low). Risk Score: 7/10 – Moderate risk, considering weekend volatility. Recommendation: Wait for reversal confirmation with a 1H close above $94.8K before entering long positions. Maintain tight stops and scale in entries as the setup offers an attractive risk/reward provided $93.2K support holds. 🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!
Long
by Cryptokijker
Bitcoin Holds Strong: $100K Breakout or Pullback Ahead?#Bitcoin Update Bitcoin remains in a tight consolidation phase after rebounding from key support. Support at $93,700 Holding: BTC has successfully defended the ascending trendline and 200 EMA, showing strong buyer interest around this level. Range-bound movement: The price continues to hover between the ATH resistance and the lower support, forming a key accumulation zone. Breakout Watch: A daily close above the $100,000 resistance could lead to a breakout, while a failure to hold support may trigger a correction. Traders should keep an eye on BTC’s next move, as volatility could increase soon. DYOR, NFA #BTC #Crypto
Long
by CRYPTOMOJO_TA
2
Bitcoin Approaches the Critical $90,000 SupportBitcoin has registered a decline of more than 4% over the past two trading sessions, and for now, the bearish bias remains strong. This downward pressure is fueled by major security breaches on the Bybit exchange, where approximately $1.4 billion in funds were stolen. This event has eroded confidence in Bitcoin, leading to sustained selling pressure in the short term. Sideways Range Remains Intact For now, Bitcoin continues to trade within a well-defined sideways range, respecting the $106,000 resistance and the $90,000 support levels. The price has broken below the short-term uptrend, which had previously supported bullish momentum and Bitcoin is now approaching the lower boundary of this critical range. As long as the price remains below the 50-period simple moving average (SMA), the bullish momentum from January may fade, leaving sellers in control. The current sideways channel is the most important technical formation, as it may determine Bitcoin’s future trend. TRIX Indicator: The TRIX line has recently turned bearish, bringing price oscillations down to the 0 neutral level. If this level crosses into negative territory, it could signal that sellers have gained full control over price momentum. This could further reinforce the ongoing bearish pressure. MACD Indicator: The MACD histogram remains below the neutral 0 level. Both the MACD line and the signal line are following the same downward movement as the histogram. If price action continues to move further below 0, it would confirm that the short-term moving averages are predominantly bearish, reinforcing the selling bias. Key Levels to Watch: $106,000 – Major Resistance: The most important resistance level at the top of the current sideways channel. A break above this level could reactivate the uptrend that was in place a few weeks ago. $98,000 – Key Resistance: New resistance level aligning with the 50-period SMA barrier. If price approaches this level again, it could reinforce short-term neutrality, keeping the sideways channel intact. $90,000 – Critical Support: The key support level at the lower boundary of the sideways range. If Bitcoin reaches and breaks this level, the current bearish bias could become significantly stronger, potentially leading to a confirmed downtrend. By Julian Pineda, CFA – Market Analyst
FOREXCOM:BTCUSD
by FOREXcom
BITCOIN : Important support for the price of the last hope!hello friends With Bit analysis, we have two scenarios: 1_ The price will return to the important support of 92 thousand dollars or even 90 thousand dollars and from there I will see the growth of the new wave of bit. 2- The important support price should break and continue to fall, and within the specified range with confirmation, we can enter a new upward wave. What do you think? Will important support be lost? In our opinion, due to the continuation of the trend and because the volume of sales has not happened, the first scenario is more likely and its target is 115-120 thousand dollars. *Trade safely with us*
Long
by TheHunters_Company