Bitcoin Price Analysis: Potential Bullish Breakout Towards $89khello guys!
In the 4-hour Bitcoin/USDT chart from Binance, a clear ascending trendline supports price movement, indicating a potential bullish structure. Here are the key observations:
Technical Analysis
1- Ascending Trendline Support
The price is respecting an ascending trendline, which has provided multiple touches and acted as a dynamic support level.
A bounce from this trendline around the $83,000-$83,500 range suggests strength in buyers.
2- QML (Quasimodo Level) Formation
A QML (Quasimodo Level) pattern is visible, which typically signals a strong reversal zone.
Price has already reacted to this level, indicating it could be a key turning point before further upside movement.
3- Major Support Zone
A larger support area is identified around the $76,900-$77,600 range that support the price before!
The upper boundary of the ascending channel and the psychological resistance at $89,621 serve as the next major target.
The price could test this level in the coming sessions, provided it maintains its bullish momentum.
_____________________________
Conclusion
Bitcoin appears to be in an uptrend within a rising channel, with bullish momentum building. If the ascending trendline continues to hold, the next significant target would be around $89,000. However, a break below the QML zone could lead to a retest of lower support near $77,000. Traders should watch for confirmation of trend continuation before entering long positions.
BTCUSDT
BTC Rejected at $89K, Uptrend Holds. Bullish Bets?BTC faced rejection at the $89,000 resistance level yesterday, triggering a pullback. However, the overall uptrend remains intact. Investors may consider long positions on signs of stabilization after this corrective move.
BTCUSDT
buy@84500-85500
tp:87000-88000
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BTC Today's strategyYesterday's chart already shows an upward channel for BTC, let's continue to hit the resistance area of 88K-89K
btcusdt buy@85.5K-86K
tp:88K-89K
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BTCUSDT Rally: From $85K to $88K+, What's NextToday, the price of BTCUSDT has shown a robust upward trend. Bullish forces are extremely active, steadily propelling the price to continuously climb, demonstrating a sharp offensive momentum.
From a technical perspective, upon in - depth analysis, the current price is gradually approaching the crucial resistance range of 89,000 - 90,000.
This range has played a significant role in past price movements. Its breakthrough situation will be a pivotal turning point determining the subsequent price trend.
Once a successful breakthrough occurs, it is highly likely to attract more capital inflows, driving the price to initiate a new round of upward price action.
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BTCUSD: Current price trading opportunities have been updated.
BTCUSD from trend observation. The current market bullish sentiment is stronger, both support and pressure need to be tested. Real-time trading opportunities have been announced in the exclusive experience analysis circle. If you don't know how to trade. Follow me.
Bitcoin (BTC/USDT) 4H Chart Update. BTC has broken out of a descending triangle, leading to a strong upside.
Currently trading inside an ascending channel, facing resistance near $90,000.
Bullish Scenario:
If BTC holds above $87,000-$88,000, a continuation toward $92,000-$95,000 is possible.
A strong breakout from this channel could lead to an attempt at $100,000.
Bearish Scenario:
A rejection at the channel's top may push BTC back to the $84,000-$85,000 support level.
If the support breaks, BTC could drop to $79,000-$78,400
Resistance: $90,000, $92,000, $95,000
Support: $85,000, $84,000, $79,000
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
#BTC Is the bull market still there?📊#BTC Is the bull market still there?
🧠From a structural perspective, the weekly and monthly uptrends are still intact, so the bull market is not over yet, so I labeled this analysis "LONG". Unless a weekly short structure is built, I think we still have a chance to see 132k-175k.
➡️From a cyclical perspective, we are currently entering a daily adjustment phase. The daily structure cannot change the weekly and monthly uptrends, and we are expected to maintain a complex consolidation for another 5 months, and we may see the results in September.
➡️The current daily downtrend has not ended, and it is approaching the overlapping blue resistance area. Don't go bullish against the pressure. If the weekly closing price in the future can be higher than the overlapping resistance area, then the resistance will turn into support. Only when you step back to this area again can you look for opportunities to go long, otherwise you need to pay attention to the long opportunities in the yellow support area below.
Let's see👀
🤜If you like my analysis, please like💖 and share💬
BINANCE:BTCUSDT
The start of the first important volatility period of the year
Hello, traders.
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Please click "Boost" as well.
Have a nice day today.
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(BTCUSDT 1D chart)
This is the first day of the volatility period.
The key is whether it can rise from the downward channel.
This volatility period is expected to last until March 26.
The point of interest is whether it can break out of the downward channel and receive support near the Fibonacci ratio range of 2.618 (87814.27) ~ 1.618 (89050.0).
If not, we should see if it can find support near Fibonacci 2.24 (83646.12) and rise without going below the downtrend line.
If it holds above the downtrend line, we should see if it can rise above Fibonacci 1.618 (89050.0) during the next volatility period around April 5th.
In any case, if it breaks out of the downtrend channel and holds, I think it is likely to turn into an uptrend.
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(1M chart)
As I mentioned before, we should not forget that there is no trend line formed by the low point of the StochRSI indicator on the 1M chart, so volatility may occur to create a trend line.
Therefore, whether it can complete the trend line while receiving support near the 69000 ~ 73499.86 range and rising is an important point of observation from a long-term perspective.
In this sense, what we can choose is to see whether it can receive support near the current location, that is, the StochRSI 50 indicator point of 83983.20.
If the support is broken, it can fall along the downtrend line.
This period of volatility is expected to be the first important period of the year.
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Thank you for reading to the end.
I hope you have a successful trade.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems that it has been maintaining an upward trend following a pattern since 2015.
That is, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend.
Accordingly, the uptrend is expected to continue until 2025.
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(LOG chart)
As you can see from the LOG chart, the uptrend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we expect that we will not see prices below 44K-48K 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, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you to decide how to view and respond to this.
When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance.
This is because the user must directly select the important selection points required to create 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 when used for trading strategies.
1st : 44234.54
2nd : 61383.23
3rd : 89126.41
101875.70-106275.10 (Overshooting)
4th : 134018.28
151166.97-157451.83 (Overshooting)
5th : 178910.15
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Bitcoin (BTC/USD) Bullish Momentum: Key Levels and Trade Setupuddy'S dear friend 👋 SMC Trading Signals Update 🗾 🗺️
Technical Analysis:
Timeframe: 4-hour chart
Current Price: $88,244
Trend: Uptrend within an ascending channel
Supply Resistance Zone: $92,721 (Potential reversal area)
Fair Value Gap (FVG) Support Zone: $87,200 - $87,600
200 MA Resistance: Price is approaching the 200 Moving Average, which could act as resistance.
Key Levels:
1. Support:
FVG Zone (~$87,200 - $87,600) – Potential buy zone
Major Support: $86,649
2. Resistance:
$92,721 (Supply Zone) – Key target level
$90,000 Psychological Resistance
3. RSI Indicator:
Currently at 76.37, indicating overbought conditions.
A potential pullback could occur before further upside.
Mr SMC Trading point
Risk Management Strategy:
Long Entry: Near FVG Zone (~$87,200 - $87,600) if price retraces.
Stop Loss: Below $86,649 to limit downside risk.
Take Profit: Around $92,721 for a risk-reward trade.
Market Outlook:
Bitcoin remains bullish, but the RSI suggests a possible pullback before continuation.
A retracement into the FVG Zone may provide a better buying opportunity before the next leg up.
If price breaks below the FVG zone, the uptrend could weaken.
Pales support boost 🚀 analysis follow)
Asymmetrical Triangle (Neutral) or AB=CD (Bullish) for BTC?BINANCE:BTCUSDT has formed bullish divergence on Daily TF and continues its upward momentum. BTC has also formed two trading patterns:
1. Asymmentrical Triangle: This neutral pattern can break out in either direction
2. Bullish AB=CD: This continuation pattern on the weekly tf coupled with bullish divergence on daily tf indicates imminent continuation of the bullish trend.
Buy stop order on break of LH could be a good trading idea!
BTCUSDT: Target Achieved, What's Next for 87,500 Resistance?Upon reviewing the trading strategy devised last week, the current market price has successfully rallied to the targeted level. Bitcoin against Tether (BTCUSDT) is quoted at 86,780, registering an intraday gain of 0.84%. From the vantage points of technical analysis and market dynamics, the robust resistance level in the vicinity of 87,500 above emerges as a pivotal factor in determining whether the price can sustain its upward trajectory.
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BTC ANALYSIS#BTC Analysis : Channel Following
📊As we can see that #BTC is following ascending channel on daily time frame. Currently the price is trading above its major support zone. Price is moving upwards within a long-term rising channel, recently moving towards its support from its support level. Expect a bullish move in few days.📈
🔖 Current Price: $87,700
⏳ Target Price: $91,500
⁉️ What to do?
- Keep your eyes on the chart, observe trading volume and stay accustom to market moves.🚀💸
#BTC #MajorSupport #Cryptocurrency #ChartPattern #DYOR
BTCUSDT: Today's SignalsToday, BTC has seen a rapid increase. In the short term, it will test the resistance level between 89,000 and 90,000. If the resistance test is effective, the price will eventually decline.
BTCUSDT sell@89000-90000
TP 1:83000
TP 2:81000
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Bitcoin: Today's Trading StrategyCurrently, the upward trend of BTC is very obvious. In terms of trading, it is recommended to continue taking long positions, with the target set at around 90,000 points.
BTCUSDT BUY@85,000-85,500
TP: 88,000-90,000
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BTC Today's strategyHi guys, it's a new week and the charts show it's moving up the channel
Looking back on the trading strategy we developed last week, we were undoubtedly successful. Now that the price has exceeded 87K, we still need to pay attention to the resistance of 88K, as it is the determinant of whether the upside can be
btcusdt buy@84.5K-85K
tp:87.5K-88K
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Fans who follow us can get high rewards every day
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BTC:Short at high levelsAs per my previous strategy, Bitcoin is on an upward trend. It witnessed a strong rally at today's opening and faced short - term resistance around 88,000. If it fails to break through 88,000 in the short term, one can seize the opportunity of the price pullback from the high level to initiate short positions.
BTC Trading strategy:
Sell@88000-88500
TP1:85500
TP2:84000
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Bitcoin Continues Moving Toward Key TrendlineBitcoin has started moving toward the trendline after a brief pullback, testing the key support zone and finding footing there. The move toward the yellow downtrend line will likely continue this week. After testing the trendline, the market’s real direction should become clearer.
86750 (horizontal support) and 85000 (uptrend support) are key levels to watch, while the ultimate target, the yellow trendline is currently around 89900.