BITCOIN WEEKLY CHART UPDATE !!This BTC/USDT chart shows a potential inverted head and shoulders pattern on the weekly timeframe, indicating a significant bullish reversal.
The chart clearly shows an inverted head and shoulders formation, with a bullish left shoulder, a bearish head, and a bullish right shoulder. The neckline has been broken upwards, confirming the bullish breakout of the pattern.
The neckline, located around $83,000-$85,000, now acts as a strong support level. The measured move indicates a potential target range of $130,000-$150,000, depending on the height of the pattern. Although BTC has seen some retracement after breaking the neckline, it remains above the critical support levels. The consolidation above the neckline further strengthens the breakout. The green path indicates higher highs, indicating the next potential wave towards $110,000+.
Any pullback should ideally find support at or above $85,000 to maintain the bullish structure. For volume confirmation, an increase in weekly volumes will validate the breakout and support continued upward movement. Small update: Monitor price sustainability above $94,000-$96,000 to confirm ongoing bullish momentum. Stop-loss: A drop below the neckline ($83,000) could invalidate the pattern. This chart presents a long-term bullish outlook with higher targets.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
BTCUSDT
What will happen to Bitcoin?Bitcoin is in a post-pattern movement. In these movements, the price rises in an IFC manner and shows no inclination to fill the IFCs, while many FVGs form along the way, but none are filled.
Bitcoin is now close to the psychological resistance of 100K. There is a possibility that Bitcoin might experience some correction between the 100K to 105K range, and we could witness an X wave.
If a correction occurs, you can rebuy in the green zone. Those who are out of the market can't stay out forever; they must form a setup!
If Bitcoin consolidates or experiences a mild correction, altcoins could pump during this period.
The next target step for Bitcoin could be in the range of 118K - 125K.
If a daily candle closes below the invalidation level, this setup will expire
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BITCOIN - A detailed Important scenario of what will happen!Anyone who puts 2025 as the end of the cycle is wrong, in my view In this analysis, I will list for you all the next steps, starting from now.
- Altcoins and Bitcoin will rise to 85k, and it will happen from here until the end of June - the beginning of July.... This will coincide with TOTAL3 reaching 900B - 1T.
-There will be a strong correction for the entire market, and Bitcoin will return to 72k and TOTAL3 will return to 700B - 730B. - In the period between August and October, Bitcoin will rise alone, and alternative currencies will begin to rise slightly
- Trump wins the US elections, and remember what he said two days ago regarding cryptocurrencies, and this would bring great positivity to the market.
At the end of 2024 or the beginning of 2025, Bitcoin will reach 125k - 150k, and that will be the peak of that cycle, and your greed will then reach the sky, but don't take your profits... When that happens, you will find those calling for 200k for Bitcoin, or posts tells 1M for BTC !
Then the following will happen:
- Distribution of bitcoins to ALTS for two or three weeks with great ALTseason...Greed will reach its peak, and I will be attacked and anyone who tells " this is the peak, and you must take your profits and make them 100% cash".
- Then there will be a complete collapse of the market and the American markets, and a decline that will continue for years, and this collapse will be less severe for Bitcoin, reaching areas between 50k - 45k, and most other currencies will disappear completely (90-99% decline).
best regard Ceciliones🎯
𝙄𝙩'𝙨 𝙖𝙣 𝙞𝙣𝙝𝙚𝙧𝙚𝙣𝙩 𝙢𝙖𝙧𝙠𝙚𝙩 𝙗𝙚𝙝𝙖𝙫𝙞𝙤𝙧 !!Bitcoin has completed its 5TH upward wave, and now it's time for a price correction down to around 95k. The price can correct itself and then continue its growth.
every uptrend has to be corrected, that's the nature of the market.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Apple from 2014 vs Bitcoin nowApple from 2014 vs Bitcoin now
I don’t know the potential all-time high for the current BTC cycle, but if ~$5 trillion market cap = ~$260,000
If this cycle is really about mass adoption of Bitcoin, I think neither BlackRock (because of ETF) nor governments will let it fall too much in the bear market.
Basically, they will use it to accumulate more and won’t let BTC fall below important levels.
SasanSeifi|Bitcoin Hits $99,500 ATH: Will It Cross $100K Next?Hey there, ✌ As shown in the BINANCE:BTCUSDT 2-day chart, the price broke its previous all-time high (ATH) of $73,000, leading to an impressive rally that reached a new ATH at $99,500. This strong upward movement sparked optimism for further growth. However, after hitting this level, Bitcoin faced resistance and is currently trading around $92,400.
Currently, a minor range is visible near the $90,000 price zone in the 2-day timeframe. If Bitcoin manages to hold this level and consolidate, it may enter a range phase. Following this phase, Bitcoin is expected to resume its upward trend, targeting $100,000 and $107,000.
On the other hand, if Bitcoin fails to maintain the $90,000 support and faces selling pressure, a correction may occur. In such a scenario, a confirmed breakdown below $90,000 could lead to further declines toward the $83,000 and $79,000 support levels.
The $90,000 level is critical for assessing Bitcoin’s next move. A consolidation here could pave the way for more growth. Additionally, if Bitcoin ranges at this level, altcoins might also benefit from bullish momentum.
💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions!
Happy trading!✌😎
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Bitcoin: Approaching 100,000...Focus on 96,500Hello all dear friends!
Bitcoin is approaching a critical point as it nears the psychological resistance level at $100,000 within its ascending channel. The 4-hour chart clearly shows that BTC is gaining strength, supported by the EMA 34 and EMA 89, signaling a steady uptrend. However, the question remains: Will Bitcoin surpass this key level, or are we about to witness a pullback? Theoretically, this is still unclear… Personally, I recommend traders limit their trades as the price approaches this level and open positions only when there is a clear confirmation.
From a technical perspective, we can clearly see that the price is climbing smoothly in a sustainable uptrend toward $100,000. However, after the previous rally, it seems the price has missed significant liquidity zones… For this reason, I do not rule out the possibility that the price may approach the resistance level with the intention of establishing a new high before any reversal reaction occurs. That said, I would prioritize trades if the price breaks below the $96,500 support level, targeting take-profit levels sequentially at $93,300, $88,800, and $85,000.
BTCUSDT: Bullish momentum continues to buildBINANCE:BTCUSDT continues to hold its ground, trading with an uptrend as buyers look to push the price above a key resistance level. Currently, BTC is consolidating near $91,824, showing signs of accumulation within an ascending triangle pattern. This pattern is often considered a bullish signal, indicating a strong breakout.
The current market sentiment remains bullish, supported by institutional interest and macroeconomic factors, such as a weaker dollar and growing demand for cryptocurrencies as a hedge. The chart shows that Bitcoin could gain momentum, especially if buyers manage to break above the key resistance level of $93,300.
Traders should keep a close eye on the $93,300 resistance level. A confirmed breakout with high volume could provide an entry point for long positions, while traders remain conservative. However, with the price reacting to strong resistance, I do not rule out the possibility that the price could wait for a pullback to the $90,000-91,000 zone, form a trend line and rise.
BTCUSDT Loong!Bitcoin has been ranging for the past few days, ever since it hit its ALH at 99300. There was a slight pullback and a liquidation point, where the short sellers were lured and got liquidated.
I anticipate that the price is now bullish, after retesting that lower trendline. Entry point at 98000, target at 100800 and SL at 96700
Bitcoin faces downward pressure, can it bounce back?In the recent trading session, Bitcoin (BTC/USDT) is showing signs of strong selling pressure as the price fluctuates around $94,300. The technical chart on the 1-hour chart shows that the price is currently testing important support and resistance zones.
Bullish scenario:
If Bitcoin can break above the trigger zone at $95,200, it will signal a recovery, with a target towards the resistance zone from $98,500. This will require support from positive market sentiment and money flowing back into the crypto market.
Bearish scenario:
On the contrary, if Bitcoin breaks the strong support zone at $92,557, the downtrend may continue with a target of a deeper drop to the $88,700 zone. This will be an important price level to assess the selling momentum in the market.
Bitcoin: Should I Buy or Sell?Currently, the BTC/USDT pair is showing clear bearish signals after being rejected at the $98,000 resistance zone and forming a lower high. The RSI is also weakening, signaling price divergence, in the short term, we expect selling pressure to increase.
Short-term downside targets are identified at TP1: $95,729 and TP2: $93,246.
BTC Struggles to Break $100K? Watch These Zone!Good morning, crypto bro's! 🌅
📊 Fear & Greed Index: 79 (Extreme Greed, slight drop).
📉 Stoch RSI: Approaching oversold area.
💡 Analysis:
BTC peaked at FWB:98K yesterday before resuming its correction.
Breaking $100K seems challenging at the moment.
Major probability points to a correction towards the green zone at $85K– GETTEX:82K , as highlighted in previous updates.
📌 Market remains in a greed zone. Better to wait and see for now.
I'm Akki, as always, one chart at a time. Have a great day and stay SAFU!
The key is whether the box section and pull back can be created
Hello, traders.
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(BTCUSDT 1D chart)
The HA-High indicator, which showed signs of being created yesterday, is expected to be created for sure this time.
Accordingly, the key is whether it can be supported near 96372.40 and rise above 98892.0.
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Since the creation of the HA-High indicator means that a high section has been created, I think that whether there is support near the HA-HIgh indicator can be an important criterion for predicting future trends.
First, we need to check how the box section is formed after the HA-High indicator is created.
Since the box section is usually formed above and below the HA-High indicator, it also means a section that moves sideways to the HA-High indicator section.
However, there are cases where a trend is formed right away without forming a box section, but since such cases are extremely rare, I think you don't need to worry about this.
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What we need to consider is whether the MS-Signal (M-Signal on the 1D chart) indicator can be touched and risen.
In other words, if the MS-Signal (M-Signal on the 1D chart) indicator is touched and rises while creating a box section of the HA-High indicator, a pull back pattern will be created and an upward price adjustment will be experienced.
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If not, and it falls below the MS-Signal indicator, there is a possibility that it will touch around 79.9K-80.9K.
This section was explained yesterday with the 1W chart.
Therefore, you can see how important the MS-Signal (M-Signal on the 1D chart) indicator area is.
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The next volatility period is around December 3rd.
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Have a good time.
Thank you.
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- Big picture
I used TradingView's INDEX chart to check the entire section of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
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(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, it is expected that prices below 44K-48K will not be seen in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, it is expected that this Fibonacci ratio will be used until 2026.
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No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to this.
If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance.
The reason is that the user must directly select the important selection points required to generate Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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