Bitcoin - Weekly Forecast - Technical Analysis & Trading Ideas!Midterm forecast:
73777.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
A trough is formed in daily chart at 78181.05 on 02/28/2025, so more gains to resistance(s) 98489.63, 101430.12, 105431.17 and more heights is expected.
BITSTAMP:BTCUSD
Take Profits:
94200.00
98489.63
101430.12
105431.17
109932.89
115000.00
120000.00
125000.00
130000.00
134142.91
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Lower Prices? Ok, But...It is the first time that MA200 gets tested as support coming off a major high since July 2024. Would you like to call for lower prices? Ok, but, when such an event happens there is always a price bounce. So we get a minimum of a move toward resistance before Bitcoin can produce a lower low.
Another but. But, once the pullback is in and a new decline starts, this decline will end in a higher low rather than a lower low. That's just my speculative opinion of course and we cannot trade, move nor take action based on speculation. We can do take action based on price action and the signals coming from the charts.
The rise that is starting now can have an initial, short-term target, of around $94,000 to $97,000. That's just to start. Depending on how this level is handled we can consider the rest.
We are going up though, but I am giving you the benefit of the doubt, I am staying open to all scenarios, even though market dynamics are as clear as day.
What is your opinion about all of this?
If you agree, leave a comment.
If you disagree, leave two comments, a follow and a boost.
Thanks a lot for your continued support.
See you at the top. We are winners now, tomorrow, yesterday and forever more.
Thank you for reading.
Namaste.
Bitcoin RSI Dips Below 30 Again!The above chart highlights Bitcoin's price action alongside the Relative Strength Index (RSI) on a daily timeframe. Historically, every time the RSI dropped below 30, indicating oversold conditions, Bitcoin experienced a price bounce shortly after. The chart marks these moments with blue circles and green arrows, showing clear upward reversals following each dip. Currently, Bitcoin's RSI has once again fallen below 30, with the price around $87,000 after a sharp 10% drop. If past patterns hold true, this could signal an upcoming bullish reversal.
Bitcoin BTC Is Ready To Take Off!Hello, Skyrexians!
Yesterday we pointed out that 0.5 Fibonacci has been reached at $80k and this dump will not continue. Today we have a great bounce above $85 and the great chart to be sure that our previous scenario is right.
Let's take a look at the daily time frame. As usual we have the 5 Elliott wave cycle which has been started at GETTEX:49K and finished at $110k. Then the current correction has been started. Yesterday this ABC zigzag has reached the 0.5 Fibonacci retracement and bounced back. The great thing is the green dot on the Bullish/Bearish Reversal Bar Indicator inside the target zone. This gives us 90% probability that price has found the bottom and ready for the next huge wave to the upside.
Best regards,
Skyrexio Team
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Bitcoin- Fibonacci Retest and Oversold RSIBitcoin's daily chart shows a significant price retracement, currently testing the key 0.5 Fibonacci level around $79,000. This level historically acts as a strong support zone during corrective phases. If BTC holds above this level, it could signal a potential rebound. However, if it breaks lower, the next major support is near $72,000 (0.618 Fibonacci level).
Additionally, the Relative Strength Index (RSI) has dropped to the 20 level, indicating extreme oversold conditions. Historically, such low RSI readings have led to strong reversals. If buying pressure emerges, BTC could see a recovery from these levels.
Regards
Hexa
Bitcoin Rebounds—But Is This the Start of a Rally or a Trap?Bitcoin has made a dramatic comeback, bouncing from $82,000 to over $86,000, after experiencing one of its sharpest declines in years. The move comes despite a $1 billion outflow from ETFs, with BlackRock alone offloading 4,200 BTC ($418M)—the largest single-day outflow recorded.
While some traders see this recovery as the start of a new bull run, others warn that it might be a classic bull trap, setting up for another sharp downturn. So, which is it?
The Case for a Bullish Reversal
📈 Demand Zone Approaching – Historically, major Bitcoin recoveries begin when traders’ realized losses hit -12%. Currently, it’s at -8.25%, suggesting BTC could be close to a bottoming phase.
📊 Strong Buying Interest – Bitcoin’s drop to GETTEX:82K triggered a surge in demand, showing that bulls are still active.
🔼 If BTC reclaims $100K, it could confirm a full reversal.
The Bearish Case: A Repeat of 2021?
📉 RSI Warning Sign – BTC’s weekly RSI is making lower highs, while price action is making higher highs—a pattern that preceded the 2021 bear market crash from $69K to $16K.
📌 Overleveraged Positions on Both Sides – Large liquidations are set up above $90K and below $80K, suggesting high volatility ahead.
🔽 If BTC fails to reclaim $100K, history suggests it could drop another 50%.
So, What’s Next for Bitcoin?
The next few days are critical. If BTC holds above $86K and reclaims $90K+, we could see a sustained recovery into Q2. But if selling pressure returns, Bitcoin could enter another downward spiral, with high volatility expected before the end of the month.
Are the bulls in control, or is this just a temporary bounce before another sell-off?
#BITCOIN DO OE DIE CONDITION!#BTC Market Update
BTC closed its daily candle well below the GETTEX:87K support, which is a bearish signal. Currently, it appears to be retesting this level.
If Bitcoin fails to reclaim GETTEX:87K + on a daily close, it could indicate further downside movement. However, if BTC manages a daily close above GETTEX:87K , this could be the last opportunity for bulls to regain control and push the market upward.
Keep an eye on the daily close for confirmation of the next major move.
Stay tuned for more updates.
DYOR, NFA
#Bitcoin
BTCUSD NEXT MOVE BRIEF ANALYSIS IS HERE!Bitcoin (BTCUSD) is currently trading near a strong demand zone, indicating a potential bullish reversal setup.
🔹 Key Levels & Zones:
Strong Demand Zone: BTC has entered a high-liquidity support area around $84,900 - $86,000, which has previously acted as a reversal zone.
Potential Upside Target: The first key resistance level is at $89,300, while a breakout could push BTC towards the $92,400 - $92,500 range.
Stop-Loss Consideration: Below the demand zone low to minimize downside risk.
🔹 Trade Plan & Expectations:
Bullish Reversal Setup: The current price action suggests that Bitcoin is forming a higher low within a demand zone, which may result in an upward move.
Breakout Confirmation: If price holds above $87,000, a push toward $89,000 - $92,500 is likely.
Bearish Invalidations: If price breaks below $84,900, the bullish setup may get invalidated, signaling further downside.
📈 Bullish Bias: A strong entry point is forming in the demand zone with a high reward-to-risk setup targeting key resistance levels.
Why Bitcoin is going down, Reason? - fxdollars- {13/01/2025}Educational Analysis says BTCUSD may move DOWN from this range, according to my technical.
Broker - COINBASE
Because the BTCUSD pair showed some bullish weakness, it finally did liquidity, which was taken out on buy-side orders to show a sign of a downtrend, and I am looking to counter-trend this position.
Let's see what this pair brings to the table for us in the future.
Please check the comment section to see how this turned out.
DISCLAIMER:-
This is not an entry signal. THIS IS ONLY EDUCATIONAL PURPOSE ANALYSIS.
I have no concerns with your profit and loss from this analysis.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
BTCUSDT TRADING PONIT 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 BTC USDT BTC USDT list 6 weeks take a breakdown moving still holding. Up and down trand I'm excited for this month and BTC USDT first movie down 👇 trend 📉 89k and tast diamond zone back a strong 💪 🌟 volume too bullish trend 📈. 116k Target 🎯 point ☝️ Guys waiting for confirm any said it take for entry ☺️🥂🍾
Key Resistance level 106k 109k
Key Support level 91k 89k
Mr SMC Trading point
Pales support boost 🚀 analysis follow)
BTC | NEWS | Abu Dhabi Invests $436.9M in ETFAbu Dhabi's sovereign wealth fund, Mubadala Investment Company, has made a significant investment in Bitcoin by purchasing $436.9 million in shares of the iShares Bitcoin Trust (IBIT).
This MUST be a clear indicator that they are bullish on BTC, at least for the longer term.
Investment firms most commonly invest with the eye on the longer term, and are usually unphased by short term swings like daily or even weekly corrections. This is, if anything, extremely bullish for BTC in the longer term (1 year and possibly beyond).
In similar news; the potential of the SEC approving XRP ETF is causing optimism for XRP.
XRP has recently made great progress in terms of fundamentals, more on that HERE:
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BINANCE:BTCUSDT
Ready For Next Bull run! Lets Go To 280,000BTC maintains a strong bullish trend, with the market structure consistently adhering to the Elliott Wave principles, even amid short-term fluctuations. The rounding bottom pattern remains intact, and its full impact is yet to materialize. The price has concluded sub-wave 4, and we are now anticipating the final phase to complete this minor cycle before the larger macro waves take shape.
The overarching outlook points to a surge toward $280,000, a target expected to be achieved when market sentiment is at its lowest, as institutional players and major investors continue to accumulate assets during retail sell-offs.
USDT Dominance Chart AnalysisUSDT dominance broke out of a long-term descending channel.
However, it is showing signs of rejection at nearly 4.60% and could head back towards support.
21-day MA (black line): Previously acted as resistance, but now provides some support.
100-day MA (purple line): Was breached, but is now being retested as support.
A red candle after the recent breakout suggests a possible failed breakout scenario.
The green arrow indicates a potential decline towards 4.20% or even lower.
Support: 4.20% (previous resistance, now potential support).
Low Support: 4.00%
Resistance: 4.60%
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Thanks for your support!
DYOR. NFA
BTCUSDT to bounce from 4h support towards weekly resistanceHere is the next trade setup for long. The price is likely to dip into 4h support zone deeper, but we will keep building position as the price dips further into the zone. Target is first 4h resistance 4HR1 then daily resistance DR1 and then weekly resistance WR1. We will evaluate the price action as it will reach these resistance milestones. There are retracement possible from these levels and therefore we will book some profit at these levels and will add on the retracements depdending on the charactersitics of the retracements.
BITCOIN - preparing for something great!on 12H chart btc showing a consolidation of bullish pennant pattern.. Breaking it will provide a massive push to break the larger megaphone pattern.
The chart also shows a hidden bullish divergence on the RSI indicator.
Bitcoin is now on its way to retest its previous high at $109K, and if it successfully breaks through, the price is expected to surpass $125K.
Best regards Ceciliones