Bitcoin Price Analysis: Price headed to $118,100Bitcoin Price Analysis: Price headed to $118,100.
The Bitcoin price chart reveals a clear picture of the asset’s recent behavior. After consolidating within a trading range between $116,000 and $120,000 for over two weeks, Bitcoin broke below the southern boundary of this range on Wednesday evening. This correction began shortly after the US Federal Reserve announced its decision to maintain interest rates, ignoring calls from former President Donald Trump for a rate reduction. The Bitcoin live price dipped to $112,700, a three-week low, signaling a shift in market sentiment.
From a technical perspective, Bitcoin’s chart shows it has been moving within a descending channel since March 2024. The recent break below the $116,000 support level indicates a potential for further downside if momentum remains weak. Key support levels to monitor include $110,000, which aligns with historical price action, and a deeper support at $84,500, as suggested by technical analyst Katie Stockton. Conversely, resistance levels are observed at $118,100, where Bitcoin is expected to recover in the near term, and $120,000, a psychological barrier that could signal a bullish breakout if breached.
Crypto market
ETH to + $4,5007 topics explaining why Ethereum might be heading towards at least $4,500 after returning to its trend:
1. Market Sentiment and Bullish Reversal
When Ethereum breaks out of a consolidation phase or a downtrend, it often signals a shift in market psychology. A bullish reversal can be triggered by technical patterns such as ascending triangles, breakouts above key resistance levels, or bullish candlestick formations. Positive news (e.g., regulatory clarity, major partnerships, or favorable market reports) enhances investor confidence. Once traders recognize a trend reversal, it leads to increased buying momentum, further propelling ETH higher. This shift in sentiment often acts as a self-fulfilling prophecy, attracting more capital into the asset.
2. Institutional Adoption and Investment
Institutional investors, including hedge funds, asset managers, and pension funds, play a crucial role in cryptocurrency price dynamics. Large-scale investments, ETFs, or custodial solutions designed for institutional clients can generate significant buy pressure. Notable endorsements from major financial firms or integration of Ethereum-based products into mainstream financial platforms can serve as a validation, encouraging broader participation. This institutional involvement often brings stability and confidence, supporting sustained upward movement towards higher targets like $4,500.
3. DeFi and NFT Growth
Ethereum's ecosystem is the backbone of the decentralized finance (DeFi) sector and NFTs. The expanding adoption of DeFi applications (lending, borrowing, staking) and booming NFT markets increase demand for ETH, since it is essential for transaction fees and smart contract execution. As new projects and use cases emerge, the utility of ETH grows, directly impacting its value. Additionally, mainstream adoption of DeFi and NFTs draws more retail and institutional investors into the ecosystem, contributing to price appreciation.
4. Network Developments
Ethereum continues to undergo significant upgrades to address scalability, security, and sustainability. Ethereum 2.0, with features like proof-of-stake (PoS) consensus, shard chains, and Layer 2 scaling solutions (like Rollups), greatly enhance network efficiency. These upgrades improve user experience and reduce transaction costs, making Ethereum more attractive for developers and users. The improving technology infrastructure can result in increased transaction volume, user activity, and investor confidence, which collectively drive the price upward.
5. Macro and Cryptocurrency Market Factors
Broader macroeconomic conditions influence Ethereum’s price. A declining dollar, inflation concerns, or global economic uncertainty can push investors toward alternative assets like cryptocurrencies. Bitcoin’s market movement often correlates with ETH, and a bullish Bitcoin trend can lift ETH prices as well. Additionally, positive regulatory developments or a general rally in the crypto market can create a favorable environment, supporting Ethereum’s ascent to higher levels.
6. Technical Indicators
Traders rely heavily on technical analysis. Breakouts above significant resistance levels (e.g., previous highs around $3,500 or $4,000), increased trading volume, and bullish chart patterns such as flags or bullish divergence reinforce the upward trend. These technical signals attract momentum traders and institutional players, which accelerate the price increase. Consistent bullish technicals contribute to a self-sustaining upward trajectory toward the $4,500 target.
7. Supply Dynamics
Ethereum's supply mechanics significantly influence its price. The implementation of EIP-1559 introduced a fee-burning mechanism that reduces circulating supply over time, creating a deflationary pressure. When network activity is high, more ETH is burned, decreasing supply and potentially increasing scarcity. Furthermore, the transition to Ethereum 2.0's proof-of-stake reduces issuance, limiting new ETH supply entering the market. These supply-side dynamics, combined with growing demand, can lead to significant appreciation, moving ETH toward and beyond the $4,500 level.
Scalp Setup at Key Support – Reversal or Breakdown?Description:
Price is currently testing a strong intraday support zone, where previous wicks have shown reactive buyers stepping in. However, momentum is weakening, and volume shows signs of exhaustion. This could lead to either a quick reversal bounce or a clean breakdown, depending on how the next few candles close.
I'm watching this zone closely for confirmation:
Long bias if bullish engulfing confirms above the key line with momentum
Short bias if price breaks down, retests, and fails to reclaim support
This is a high-probability sniper zone where liquidity pools often trigger traps. I’ll enter only on confirmation — not anticipation. SL and TP are tight due to high leverage; discipline is key.
Expecting movement within the next 5–15 minutes on lower timeframes.
Comment if you're watching the same setup — let's see how it plays out.
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BTC Vs AI ? timing 115500
Hi,
I asked AI to give timing for a trade if momentum is the same
Now, time to travel 2,000 units = distance / rate = 2,000 units / 500 units per hour = 4 hours.
So, it would take 4 hours to travel from 113,500 to 115,500 assuming the same travel rate
Woow.. get ready guys
If it don't happen.. blame AI hahaha
Beach here we come.. :)
All the best
Not a guru
BTC.D is on the verge of a collapse...Hello Traders 🐺
In this idea I want to use one of my favorite trading tools to identify the support levels for BTC.D — and as you probably guessed, it's the EMA Ribbon!
As you might know, EMA Ribbon is one of the best types of EMA indicators you can use, because it gives you a wide range of dynamic support and resistance based on exponential moving averages. Most importantly, when you apply it on higher timeframes like the weekly or monthly chart, it becomes incredibly accurate.
In the BTC.D chart, we now have two points of confluence meeting each other:
the red weekly support box
the last strand of our dynamic support, which is the EMA Ribbon
But what now?
Well, considering the bearish divergence on the weekly chart, the overbought zone on RSI in the monthly timeframe, and the current setup in altcoin charts, I think we can say — with a high degree of certainty — that BTC.D is on the verge of a collapse...
Make sure to act accordingly — and as always, remember our golden rule:
🐺 Discipline is rarely enjoyable, but almost always profitable. 🐺
🐺 KIU_COIN 🐺
Cardano ADA Buying Opportunity📈 CRYPTO:ADAUSD has completed a 3-swing pullback against the June low and entered the extreme buy zone at $0.72–$0.64. While marginal new lows are still possible, this area aligns with Fibonacci confluence, making it a prime zone for a bullish reversal or at least a 3-wave bounce next week.
WHO WILL WIN BITCOIN'S RANGE BATTLE? In this weeks analysis, Bitcoin has been stack in a tight range for almost two weeks now. Trading range between $115k and $120k. Trend is still holding up for Bullish continuation but indicators strongly cautions loud Sirens. A decisive daily close above $120,200 could be the winning whistle for Bullish Continuation, while I see selling pressure to continue to the Support Block of about 113k. Also the selling Volumes are huge but prices are always quickly absorbed suggesting an accumulation is happening more than a distribution. So my thesis for Bitcoin is sideways range bound until there is a clear market winner. I will be paying much attention to the bearish alarm and a breakdown will be confirmed when daily price decisively close below $115k confirming the divergences on the chart. Trading between the range is high risk.
Bitcoin Free Value Gaps UPDATE - near filled next level down
As mentioned previously, these are traditionaly used to find Entries into a market and so far, this has been the case again.
We have dipped to 112K so far and as yu can see, we can go to 103K with ease, should this be allowed by the Bulls.
I will say, the SOPR (Spent Output Profit Loss ) chart has offered a Bull wanting caution flag..
And yet, on the lower time frames, it has just also posted a Good Bull entry point.
This indicates Excellent entry points, Buying opportunities
Yes, PA may drop lower yet, but not massive ones.
It is an excellent example of ow to "Scale in"
Do not use all your money in one trade. Use 20%, wait, see where thelmarket goes. Buy again when ready.
This way, once your lowest Buy price goes into profit, it also starts to cancel out he losses on the other, higher priced Buys....and by the time all your recent buys are in profit, you are exponentially getting better profits.
For me, I am waiting to see if we arrive at the 110K zone before starting this, once the current FVG is filled.
Have a noce sunday
Bitcoin FOMC aftermath & plan aheadHi all,
As you may have noticed, Wednesday's FOMC meeting delivered a less-than-optimistic outlook. The absence of rate cuts, combined with uncertainty about potential cuts in September, triggered a downward move in the markets.
Bitcoin is currently trading 7% below its high from July 14th. I anticipate a relatively shallow downtrend and plan to add to my position around $112,000.
$BTC.D🩸 CRYPTOCAP:BTC.D ⁀➷
#BitcoinDominance. Macro chart Another
💯 Intermediate Target - 48%
🚩 Macro Target 1 — 44 %
🚩 Macro Target 2 — 40 %
🚩 Macro Target 3 — 35 %
- Not financial advice, trade with caution.
#Crypto #BitcoinDominance #BTC.D #Investment
✅ Stay updated on market news and developments that may influence the price of Bitcoin Dominance. Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.