Bitcoin (BTC/USDT) Analysis. BTC appears to be trading within an ascending channel. The chart shows a bullish medium-term structure.
The price is currently testing the lower trendline support within the channel.
A crucial support area is marked between $94,000 – $92,000 (green area). This is a crucial level for a bounce.
Any break below this support could invalidate the channel and lead to further upward pressure.
Resistance lies around $100,000 – $102,000 (orange area), which has been tested multiple times.
A breakout above this level could spark a bullish push towards the upper trendline of the channel or new highs.
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@Peter_CSAdmin
Crypto2025
USDT Dominance Analysis. The dominance is moving within a descending channel, confirming a bearish structure.
Multiple rejections from the upper trendline (marked with arrows) indicate strong resistance around the 4.40% zone.
The highlighted green area near 4.10% acts as a crucial support zone, aligned with the channel's lower boundary.
A breakdown below this zone could lead to a sharp decline toward 4.00% or lower levels.
Moving Averages:
The green moving average (likely 200-period) suggests a broader bearish bias as dominance struggles below it.
The purple moving average (shorter-term) adds to the immediate resistance near 4.30%.
Short-Term Expectation:
The chart suggests a potential pullback or retracement toward the support zone, as the red arrow depicts.
Breaking below the support zone could intensify selling pressure in the crypto market, potentially signaling inflows into altcoins or BTC.
Resistance: 4.30% – 4.40%
Support: 4.10%, followed by 4.00%
USDT dominance appears to be consolidating near key levels, with a likely continuation of its downtrend unless significant bullish momentum emerges. Monitor for a breakdown of the support zone, as it could impact overall market liquidity dynamics.
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@Peter_CSAdmin
BTC/USDT Analysis. The price is currently bouncing off the mid-level of the channel, aiming for the upper resistance near $110,000.
$92,500–$95,000 (green area): This is a strong horizontal support area that aligns with the lower boundary of the channel. It has been tested multiple times and is holding well.
A breakdown below this area could signal a move towards $85,000 or lower.
$100,000 (psychological resistance): A crucial level that needs to be cleared for the uptrend to continue.
$110,000: Upper channel resistance and next major target.
The 21-MA (black line) is acting as immediate support, while the 50-MA (red line) is moving upwards, indicating bullish momentum.
Bitcoin recovering and continuing to stay above the moving averages is a positive sign.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your research and consult a financial advisor before making investment decisions.
For updates on other coins or personalized insights, feel free to reach out via DM.
@Peter_CSAdmin
Interpretation of 50 MA (Moving Average) on Chart
The 50-day moving average (MA) (red line in the chart) is a widely used indicator that helps identify the trend direction and acts as a dynamic support or resistance level. Here is how it applies to the current chart:
Current Overview:
Support Role:
The 50 MA is closely aligned with the green support area, reinforcing this level as a strong dynamic support.
The price has historically respected the 50 MA as support, evidenced by previous bounces near this level.
The upward slope of the 50 MA indicates that Bitcoin is still in a bullish trend on higher timeframes.
The bullish structure remains intact as long as the price stays above the 50 MA.
The convergence of the 50 MA with the green horizontal support area (~$92,500–$95,000) adds significant strength, making it a key level to monitor for a potential bounce.
Bullish Case:
If the price is above 50 MA, it could act as a launching pad for the next upward move.
A bounce off this level could target the $102,500 or $110,000 levels.
Bearish Case:
A breakdown below the 50 MA and the green support area could signal a trend reversal or a deeper correction.
The next support after this would be at $85,000–$90,000 or the lower range around $77,500.
Key Points:
The 50 MA is a crucial support level at the moment. Traders should closely monitor price action near this level. A strong bounce could confirm a bullish continuation, while a breakdown could indicate increased selling pressure.
Let me know if you would like further clarification or additional analysis!
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your research and consult a financial advisor before making investment decisions.
For updates on other coins or personalized insights, feel free to reach out via DM.
DYOR, NFA
@Peter_CSAdmin
BITCOIN UPDATE. the lower channel boundary and 100-MA support hold, Bitcoin could resume its uptrend towards the $104,000-$106,000 range. However, a breakdown below $96,500 on the broader chart could test support near $92650 or even the 200-MA.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your research and consult a financial advisor before making investment decisions.
For updates on other coins or personalized insights, feel free to reach out via DM.
@Peter_CSAdmin