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Btcusdtanalysis

Bullish and Bearish cases for Bitcoin right now It is the question on Everyones lips right now Where next for Bitcoin And there are so many options available to look at To start on the Bullish . The chart above is very dependant on PA still following previous cycle patterns and, if it is, then we still have a long way to go as we have only just entered the 4th section of a 4 year cycle. As you can see, ATH;s are reached when we break over the top line...and we are not even half way there yet. As you may know if you have seen my previous charts, I believe we are following a fractal of the 2013-2017 ATH cycle. The Circle on the left highlights where I thin we are on that fractel and you can see it involves 4 months of range. PA came up to the line, ranged below for 4 months and then broke through We have crossed that line in this cycle and began ranging We have just begun the 3rd Month If we look at that fractel a little closer We can see how PA has followed Fractal and how, right now, we are about to break under it. We did that in August to October 2023 and it could be sauid that that period was very nearly and entry into a Bear market. Onchain data indicated that. This is where I begin to get bearish. But I still believe that Q3 & Q4 will be good for BTC Maybe we will repeat that August - October 2023 -18% Dip. So, Why am I also Bearish There are a number of reasons. The First and most suggestive reason is simply the Weekly MACD is overbought, up high, higher than it was in 2021 ATH zone. I have never seen the weekly MACD range high like that. the closest was back in 2013 Now this does not mean PA will Drop but it does mean PA is overbought and it will react. RSI is way up high also And one of the easiest ways of seeing the Bearish case is simply the chart below PA has reached the Rejecting trend line that rejected PA 2017 and 2021 - BUT, a valid trendline requires a minimum of 3 touches. PA has not fully reached the trend line yet, there is another 5%, so one last push is still possible, to around 110K And then we have Mr Trump and his pre election promises of Bitcoin reserves that now seem to be put on a shelf. As we are seeing, Mr Trump uses words as leverage and negotiates his path with them. Tarif threats to China, for instance, have resulted in a "Talk about future deals" Was his Bitcoin Talk only there to use as leverage against Banks to get what he wants....... I remind you, As of February 4, 2025, Eric Trump, the son of Donald Trump, has publicly endorsed Ether, suggesting it's a "great time" to invest in the cryptocurrency. This endorsement came as the Trump family's crypto venture, World Liberty Financial, transferred over $307 million in crypto to Coinbase Prime, including $212.6 million in Ether. ETH is the favoured one in the USA, they can controll it. So, whats next for BITCOIN? We have to wait, there are arguments for and against We have just entered the 4th year of a 4 year cycle, historically, the year of ATH Sentiment is good and Bitcoin acceptance by corporations world wide has spread rapidly. Numerous technicals suggest more to come after a cool down Conversly, we do seem to be under pressure from other Technicals that may tip the balance against further rises on Bitcoin. Macro situations are becoming more volatile. The USA economy is facing rising inflation again and with Trumps policy, may suffer a major reset, which would knock the wind out of the Crpyto market. If the $ becomes Stronger, as it is expected to do, this will knock the wind out of the Crpyto Market We are also seeing GOLD take a lot of money again, keeping Bitcoin from taking that money. We all need to watch very carefully right now. Thigs could change VERY quickly in either direction. For me, I have plans in place and I am waiting, watching Be Ready my friends.....do not be caught by surprise
INDEX:BTCUSD
by Orriginal
BTCUSDT TRADING POINT UPDATE > READ THE CHAPTIAN Buddy'S dear friend 👋 SMC Trading Signals Update 🗾🗺️ crypto Traders SMC-Trading Point update you on New technical analysis setup for crypto currency BTC USDT. Crypto traders last time post signals 🚀 hit sucksfully My target 🎯. Now post new analysis setup for crypto BTC USDT still holding it up 💪 trend 📉📈 now if close below and close above technical analysis BTC USDT close below 👇 97k next support strong 🪨💪 level of 89k. Don't close this level pullback up closed above 102k Next target 109. Wait for closing any said it take entry Key Resistance level 102k + 106k + 109k Key Support level 97k - 91k 89k Mr SMC Trading point Pales support boost 🚀 analysis follow)
by SMC-Trading-Point
6
BTC/USDT "Bitcoin vs Tether" Crypto Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the BTC/USDT "Bitcoin vs Tether" Crypto market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The heist is on! Wait for the breakout (102,000.0) then make your move - Bullish profits await!" however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Thief SL placed at 97,500.0 (swing Trade) Using the 2H period, the recent / nearest low or high level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Goal 🎯: 117,000.0 (or) Escape Before the Target Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT, Sentimental Outlook: BTC/USDT "Bitcoin vs Tether" Crypto Market is currently experiencing a bullish trend,., driven by several key factors. 💡 Fundamental Analysis - Bitcoin's historical monthly returns data shows BTC generally yielded the third highest returns for traders in February, averaging 15.66% - The total market capitalization of cryptocurrencies grew to $1.77 trillion in 2023, with Bitcoin's dominance increasing to 47.8% 💡 Macro Economics - The US Federal Reserve's monetary policies and interest rate decisions will impact the cryptocurrency market. - Global economic uncertainty and inflation rates will also influence the market. 💡 COT Report - Unfortunately, I couldn't find the latest COT report data for BTC/USDT. However, I can suggest some resources where you can find the latest COT report data. 💡 Market Sentiment - The Crypto Fear & Greed Index is currently at 44, indicating fear in the market - 62% of traders are bullish on BTC/USDT, while 31% are bearish and 7% are neutral 💡 Institutional and Retail Banks Positioning - Institutional traders are currently net-long on BTC/USDT, while retail traders are net-short. - This divergence in positioning could lead to a potential bullish move in the market. 💡 Overall Outlook - Based on the analysis, the BTC/USDT market is expected to move in a bullish trend, with a 60% chance of an uptrend and a 40% chance of a downtrend. 💡 Trader Sentiment - Bullish Traders: 62% (Institutional: 70%, Retail: 55%) - Bearish Traders: 31% (Institutional: 20%, Retail: 40%) - Neutral Traders: 7% (Institutional: 10%, Retail: 5%) 💡 Positioning - Institutional Traders: Net Long (Ratio: 2.5:1) - Retail Traders: Net Short (Ratio: 1.2:1) - Leverage: Average leverage used by traders is 10:1 ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤗
Long
by Thief_Trader
BTC/USD "Bitcoin vs US Dollar" Crypto Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the BTC/USD "Bitcoin vs US Dollar" Crypto market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The vault is wide open! Swipe the Bullish loot at any price - the heist is on!" however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Using the 4H period, the recent / nearest low or high level. Goal 🎯: 115,000 (or) Escape Before the Target Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT, Sentimental Outlook: 🚩 Fundamental Analysis - Bitcoin's Limited Supply: The total supply of Bitcoin is capped at 21 million, which could lead to increased demand and higher prices. - Increasing Adoption: Growing acceptance of Bitcoin as a form of payment and store of value could drive up demand and prices. 🚩Macroeconomic Analysis - Global Economic Uncertainty: Ongoing economic uncertainty and inflation concerns could lead to increased investment in Bitcoin as a hedge against traditional assets. Monetary Policy: Central banks' monetary policies, such as interest rate decisions, can impact Bitcoin's price. 🚩COT Report - Speculative Positions: The latest COT report is not available, but speculative traders are likely to be net long on BTC/USD, indicating a bullish sentiment. 🚩Sentimental Analysis - Market Sentiment: Market sentiment is mixed, with some investors expecting a bullish movement due to increasing adoption and limited supply, while others are bearish due to regulatory uncertainty and market volatility. 🚩Institutional Trader Analysis - Institutional Positions: Institutional traders are watching the market closely, awaiting regulatory clarity and economic developments. 🚩Retail Trader Analysis - Retail Positions: Retail traders are also cautious, with some taking long positions on BTC/USD due to increasing adoption and limited supply, while others are taking short positions due to regulatory uncertainty and market volatility. 🚩In terms of institutional and retail trader positioning, here's what we know: - Institutional Traders: 55% are holding long positions in Bitcoin, indicating a bullish sentiment. - Retail Traders: 42% are holding long positions, while 58% are holding short positions, indicating a slightly bearish sentiment. 🚩Outlook - Based on the analysis, the BTC/USD pair is expected to move into a bullish direction in the short term, with a target level of 115,000. However, the movement is likely to be volatile, and investors should be cautious ahead of regulatory developments and economic data releases. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
BITSTAMP:BTCUSDLong
by Thief_Trader
BTCUSDT 30-Min Chart - Market Analysis & Trading Strategy📊 BTCUSDT 30-Min Chart - Market Analysis & Trading Strategy Alright, bro, let’s break this BTC chart down and see what’s cooking. 🚀 📉 Trend & Market Sentiment Uptrend Facing Resistance Price made a strong push from demand (around 91K-94K USDT) EMA 20, 50, and 100 all aligned bullish but facing resistance at 102.5K USDT EMA 200 rejection means we need a strong breakout for continuation Key Levels to Watch Support Zone: 98K - 95.8K USDT (Demand Area) Resistance Zone: 101.5K - 102.5K USDT (Supply Zone) 🎯 Trading Strategy 1️⃣ Bullish Scenario (If BTC Breaks 102.5K USDT) Entry: 102.5K USDT 📍 Targets (TP): TP1: 103.5K USDT TP2: 105K USDT TP3: 107K+ USDT SL (Stop-Loss): 100.5K USDT 2️⃣ Bearish Scenario (If BTC Gets Rejected at 102.5K USDT) Short Entry: 101K - 102.5K USDT 🎯 TP Levels: TP1: 98.9K USDT TP2: 96K USDT TP3: 94K USDT (Deep pullback) ⚠️ Risk & Warnings BTC is testing major resistance—if it breaks, we could see a strong pump! 🚀 If BTC fails 101K, bears could take control and send it back to 95K or lower. EMA 200 is a make-or-break level—watch price action carefully! 🔥 Final Thoughts Right now, BTC is at a critical resistance—it either breaks 102.5K and runs, or fails and retraces back to demand zones. Stay sharp, set your SLs, and don’t get rekt! 💎🙌 What’s your take on this? You thinking long or short? 🤔
by cyscalpingvip
Bitcoin’s Next Big Move: Road to $118K?Hey Realistic Traders, Is BINANCE:BTCUSDT Bullish Outlook Over Yet? Let’s dive into the analysis... For nearly a month, BTC/USDT remained in a consolidation phase. However, on January 17, 2025, it successfully broke through resistance, signaling the beginning of a bullish phase. Since then, the price has consistently traded above the EMA 200, reinforcing a strong uptrend. On the H4 timeframe, a Falling Wedge Breakout has been confirmed, accompanied by a bullish MACD crossover, further supporting the likelihood of continued upward momentum. Based on these technical factors, the price is projected to rise toward Target at 118,000, as long as it stays above the critical stop-loss level of Stop Loss 97,777. Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Bitcoin."
Long
by financialfreedomgoals101
1
Bitcoin Monthly Candle Close Colour and patterns JAN UPDATE January Candle closed GREEN after a RED December close. This now complicates issues greatly. Of the previous 7 Green January Candles, 3 were after a RED December We just created a 4th Green January after a RED December, which was the last December, 2024, current cycle. From those 3 previous occasions, 2 of those went to a RED February and the 3rd was a close call but just managed to remain Green Of the 3 RED February we have ever had, every one came after a Green January Of the previous 7 Green Januaries, we had 4 Green February The 3 Green Januaries after a RED December, went as follows ;- The 1st was just after the 2013 ATH and led us down the slope into a Bear. The Following March was also RED The 2nd was after Jan 2020 and the February closed RED and the March that followed saw a deep dive of near -60% before recovery that eventually led to the 1st ATH in 2021 The 3rd was in 2023 and February Closed Green but only Just and The Following March saw a 40% Rise Green The other RED February we had was in 2012. This Followed a Green December and January and the March that followed was RED but then the Price went mental and rose to the 2013 ATH If we are following patterns, we have a higher chance of a RED Feb and maybe March also but from that point on,. we Rise This would actually be beneficial to Bitcoin PA as the weekly MACD is still OverBought and needs to cool off if we are going to reach for anew ATH in Q3 or Q4 2025 The real question is, are we still following patterns ? Remeber, this is the BITCOIN chart - If BTC pulls back a bit, the ALTS will Follow Providing BTC PA remains stable and BTC Dominace decreases, then ALTS have a chance. But, as I mentioned early last year ( I think it was) Because Bitcoin is now a Corporate asset and seems to be being bought with a view to hold longterm, where will the Liquidity to finance an ALT Season come from ? I think the ALT seasons we all remember are highly unlikely to return and I will explain why in a post I am currently building up where I will do the Monthly ccandle close colours for TOTAL and OTHERS Market Caps Just got to find the time to finish them Stay safe
BITSTAMP:BTCUSD
by Orriginal
BTCUSDT - UniverseMetta - Signal#BTCUSDT - UniverseMetta - Signal D1 - Flat structure, the price can move to the lower border of the channel, for trading with large targets and understanding the direction, it is necessary to fix the price outside the borders. H4 - A triangle was formed, after the impulse, a potential retest in the direction of the lower border can be formed. Stop behind the maximum on H4. Entry: 102361.74 TP: 100539.59 - 97719.01 - 94274.41 -88583.32 Stop: 103460.01
Short
by Trade-U-Metta
Don't buy the dip if you are trading. My overall bias for Bitcoin is bullish, and I invest in Bitcoin. Yesterday, the price sharply dropped below $100k, retested the previous week low and previous month mid level, and sharply recovered and closed above $101k. The volatile intraday price movement formed a massive daily hammer candle (a candle with a long bottom wick). It is the sort of area people enter to buy the dip. I think it is a great entry for hodlers but not for traders. I like to trade with strong momentum. I use two time frames to find an entry area. But just looking at the daily chart, I don't sense any urgency for the price to shoot up. MACD lines are in the bull zone, so I interpret it as the current price movement is corrective, rather than trend. However, MACD lines are about to cross to the downside. It is not confirmed but it is not giving a strong bullish signal. Also, the daily stochastic lines are entering to the bear zone, so the correction is far from over. I am paying a attention to the price action of Bitcoin. The strong hammer candle is a good first signal for the potential trend reversal, but I need more confluences for the bull scenario.
CRYPTO:BTCUSD
by EbonyFalcon
BTCUSD TRADING POINT UPDATE > READ THE CHAPTAINBuddy'S dear friend 👋 SMC Trading Signals Update 🗺🗾 Cryptocurrency Traders SMC-Trading Point update you on BTC USD Trading Signals BTC USD still holding it down trand 107k 3 Time rejected oderbolk ) 105k) rejected again Short Trade now 3H Time Frame 🖼️ target point 99k) Key resistance level 107k) 109k) Kye support level 102k) 101k ) 99k) Mr SMC Trading point Support💫 My hard analysis Setup like and following me 🤝 that star ✨ game 🎮
BITSTAMP:BTCUSDShort
by SMC-Trading-Point
BTC/USD "The Bitcoin" Crypto Market Heist Plan on Bullish🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the BTC/USD "The Bitcoin" Crypto market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉 Entry 📈 : Traders & Thieves with New Entry A bull trade can be initiated at any price level. However I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Using the 4H period, the recent / nearest low or high level. Goal 🎯: 118,000 (or) Escape Before the Target Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Fundamental & Macro Outlook 📰🗞️ Here's a comprehensive fundamental and macro analysis for BTC/USD: Fundamental Analysis---🗞️ Network Congestion: The Bitcoin network has been experiencing increased congestion, with the average transaction fee rising to $2.35, up from $1.25 in January. This could lead to a decrease in demand and subsequently, a bearish trend. Miner Revenue: The total revenue earned by Bitcoin miners has been declining, from $13.4 million in January to $10.3 million in March. This decrease in revenue could lead to a reduction in mining activity, potentially resulting in a bearish trend. Open Interest: The open interest in Bitcoin futures has been increasing, with a current value of $4.3 billion, up from $3.5 billion in January. This indicates a growing interest in the market, which could lead to increased volatility and potentially, a bullish trend. Institutional Investment: Institutional investment in Bitcoin has been on the rise, with Grayscale's Bitcoin Trust (GBTC) seeing a significant increase in assets under management (AUM) from $1.2 billion in January to $2.5 billion in March. This influx of institutional investment could lead to a bullish trend. Regulatory Environment: The regulatory environment for Bitcoin has been improving, with the US Commodity Futures Trading Commission (CFTC) allowing institutionally-focused Bitcoin derivatives to be listed on regulated exchanges. This could lead to increased adoption and a bullish trend. Macro Analysis---🗞️ Global Economic Uncertainty: The ongoing COVID-19 pandemic has led to a significant increase in global economic uncertainty. As a result, investors may turn to safe-haven assets like Bitcoin, potentially leading to a bullish trend. Central Bank Policies: The expansionary monetary policies of central banks worldwide, including the US Federal Reserve, could lead to a decrease in the value of traditional currencies and an increase in demand for alternative assets like Bitcoin, resulting in a bullish trend. US-China Trade Tensions: The ongoing trade tensions between the US and China could lead to a decrease in global trade and economic growth, potentially resulting in a bearish trend for Bitcoin. Commodity Prices: The recent decline in commodity prices, such as oil and gold, could lead to a decrease in demand for alternative assets like Bitcoin, resulting in a bearish trend. Fiscal Policy: The US government's increasing fiscal deficit and debt levels could lead to a decrease in the value of the US dollar and an increase in demand for alternative assets like Bitcoin, potentially resulting in a bullish trend. Market Sentiment---🗞️ Fear and Greed Index: The Fear and Greed Index, which measures market sentiment, is currently at 52, indicating a neutral sentiment. Bitcoin Sentiment Index: The Bitcoin Sentiment Index, which measures the sentiment of Bitcoin investors, is currently at 60, indicating a slightly bullish sentiment. Social Media Sentiment: The social media sentiment for Bitcoin is currently at 55, indicating a neutral sentiment. Google Trends: The Google Trends data for Bitcoin is currently at 45, indicating a decrease in interest and a bearish sentiment. Survey of Investors: A recent survey of investors found that 55% of respondents expect Bitcoin to rise in the next 6 months, while 25% expect it to fall, and 20% are neutral. Trading Alert⚠️ : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
BITSTAMP:BTCUSDLong
by Thief_Trader
Bitcoin entering ATH zone and here is whyThe one thing that has stunned me about Bitcoin is how the Traders Psychology remains consistent. Over periods of Time, while Bitcoin was well known or not, it repeats cycles like Clockwork. This is one of the things thats makes it so attractive. So, what makes me say this ? The main Chart has 2 components. The number of days PA takes from Low to ATH. We also have the number of days between where the 50 SMA ( red) is above or below PA in those cycles. The image above clearly shows the continuity. the Blue lables show Low ro ATH and back. First peak is 2013 At first, the only repeat there is the time from ATH 2017 to low, near the same in 2021 We also have the 2 ATH in 2021 and the time from the Low before hand, to the 1st ATH in March 2021 is the same number of days as in 2013 to Low. ( not shown ) Next we look at the 50 SMA - Again, that double top in 2021 has amazing coincidences . 2013 - 50 SMA took 693 days to go back under PA 2021 1st ATH took 686 days to go back under 2017 took 462 days to back under 2021 2nd ATH took 462 to go back under ! BOTH those ATH's in 2021 reference previous ATH The same happens for the days under to ATH, but not shown to keep the chart clear, As a result of this, I have projected the number of days to possible ATH dates and we are near the First zone. But to reach an ATH in March would require a truly historic rise. And if we continue to follow the Top trend line as a line of ATH, we are to expect High Figures on the final ATH of this cycle, though I feel this is optimistic One of the reason I am feeling VERY Cautious about a March ATH on that line is the MACD It is WAY up high and it does not range on a weekly. OverBought is where BTC is right now. It took 6 months for MACD Weekly to cool off last time.... Though lower time frames are low and will offer support. But to push up rapidly to a real ATH line will be unreal if it happen. We wait to see B But one thing that does offer some Scope for more is the MVRV Z Score The orange line is the line where we see BTC getting overheated and en-route to ATH and we have not crossed it once yet this cycle. As you can see, the MVRV is in a Descending trend though. Do we Still need to cross that orange line ? "nd ATH in 2021 was below. MVRV, or Market Value to Realized Value, is a technical indicator used in the cryptocurrency market to evaluate whether a token is overvalued or undervalued. Technically, it seems it is getting harder to get BTC to be OverValued....because of its high price now. ? Historical data on MVRV maybe becoming outdated ? So, in conclusion, Technically, Bitcoin has room to move if it continues to follow historical patterns. But in reality, right now, it is overbought in a real world situation, running out of steam but all it needs is a breather and it will run again....as shown on the MVRV Zscore. Notice how, when the Z Score ( yellow) is above the MVRV ( Green) that is bullish For me, I would LOVE to see BTC pul back for a while, Cool down, Lets the ALTS Run hard for a bit and then, BTC wakes up again and off we go A Pull back is Expected ona number of charts Will that happen ? Time will tell
INDEX:BTCUSD
by Orriginal
#Bitcoin Latest Update!#Bitcoin There's solid support around GETTEX:92K -$94K where the price has bounced back several times. Strong resistance lies between $99K-$99.7K, with another resistance at $102.7K, as shown by recent rejections. After the recent pullback from the December high, the price seems to be consolidating. Signs of potential recovery are emerging. Keep a close watch on these key levels! IMO, CRYPTOCAP:BTC will consolidate in this range, and #alts will likely bounce. Stay tuned, and share your thoughts in the comments. Follow for more updates. #Crypto DYOR, NFA
Long
by CRYPTOMOJO_TA
BTC - Bear Flag forming, 73k price projection** Reposting because annotations weren't posted in the previous analysis** After hitting all time highs, BTC is forming a bear flag. If bear flag plays out and price breaks through 91,400 level then on the basis of the measured move of the flag pole, BTC is likely to test 73,000 which is a significant support zone on Daily timeframe. This is because before BTC pierced 73,000, this was a strong resistance zone. Also, since price broke out 73,000, it hasn't retraced back to this level. Furthermore, there is a fib retracement level of 38.2% at 71,500 so expect 73,000 - 71,500 to be strong support zone. Remember technicals are all probabilities, price could break 99,000 level (upper trendline of the bear flag channel) to test all time highs.
by I_M_Shoaib