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Not holding 101k is bad enoughBTC on the short term has to test support at 96.2k again hold and we might see 101k again (yey) However the most likely scenario is a little bouncing around the 94k area, then a retest of the 89-91k area. Long Term: Not so great! BTC rejecting the 110s and not holding support of 101k is bad enough, Next support is 91k, Not holding support at 91k would be bad news, BTC needs to get back above 101k, however there are some negative divergences in the long term, the deltas from 66k to 110k is showing that price went up but not much happened from point A to B (no confluence) so if it dips badly to 66-75k don't be surprise because there is no confluence from those 2 points, However! this is a big one, if the money shorting the market is greater then the money going long, the market will make another leg going up. 125k 150k will be the target to liquidate most investors.
BITSTAMP:BTCUSDShort
by GoldHatTrader
BTCUSD Analysis H1 Prediction for 05/02/2025📊 BTCUSD Price Action & Market Structure Analysis 🔹 The chart shows a bullish market structure with potential retracement zones before the next move upward. 🔹 Key Break of Structure (BOS) and Change of Character (ChoCH) levels indicate a shift in momentum. 🔹 Fair Value Gaps (FVGs) suggest areas where liquidity may get filled before a move higher. 🔹 Fibonacci retracement levels (0.382, 0.5, 0.618) act as support zones for potential long entries. 📌 Potential Buy Zones: ✅ 95,238 - 95,969 (first demand zone) ✅ 94,141 - 94,658 (second demand zone) ✅ 90,901 - 92,112 (deepest retracement level) 🚀 Bullish Outlook: 🔸 If BTC holds above 95,238 - 95,969, expect a push towards 98,195 - 102,448. 🔸 A deeper retracement into 94,141 - 94,658 or 90,901 - 92,112 could provide stronger liquidity grabs before a rally. 🔸 If BTC loses the 91,315 support, further downside may be expected. #BTCUSD #Bitcoin #CryptoTrading #TechnicalAnalysis #SmartMoneyConcepts #LiquidityZones #BreakOfStructure #PriceAction
CRYPTO:BTCUSDLong
by FXFOREVER_87
Wen Sell BTC ? | Bitcoin Price Action Scenarios for 2025Alexa play the Mingle Game Song “Round and Round” you may watch Squid Game2 and enjoy it but 2025 is exactly the same for crypto market! at some point whales will stop the song and the butchery begins so while you enjoying Moons day you must get ready for Dooms day 2024 was a pivotal year for crypto, setting the stage for what many are calling the "Golden Age of Crypto." While this new era may be upon us, we anticipate that crypto prices will likely peak within the next 12 months, following an exciting rally. However, after reaching this peak, another significant price decline seems inevitable though likely less severe than previous cycles, especially for major cryptocurrencies. If you're unfamiliar with crypto's history, it tends to move in 4year cycles: 3 years of bullish momentum followed by 1 year of a bearish downturn. This pattern has been remarkably consistent so far. The chart you see illustrates this trend, with green lines marking Bitcoin's cycle peaks and red lines indicating the lows. Interestingly, the duration between peaks and troughs has been almost identical across the last three cycles. The time between consecutive peaks is also fairly consistent, though we only have two complete cycles of data to analyze. Based on historical averages, we could expect a peak around October 2025 and a bottom around November 2026. Will it play out exactly like this? Probably not! maybe YES!! markets rarely align so neatly. Plus, these cycles won't last forever; this could very well be the final one. Still, I believe the crypto market will likely top out sometime in 2025 or early 2026, regardless of the bullish catalysts (Trump, crypto ETFs, strategic Bitcoin reserves) In this idea, we gonna talk about : - Potential scenarios for how this cycle might unfold in 2025 - Expected pullbacks during the year - Sell strategy for this cycle The key takeaway is to stay flexible and not fixate on any specific prediction. Understand the possibilities and prepare for unexpected pullbacks or market tops. Knowledge is power, and this idea aims to empower you in what could be one of the most critical years ever for crypto investors. Short Term Expectations & Probabilities Q1 2025: “Death & Taxes” there is a chance for market pullback in early January This outlook is partly based on global liquidity trends and partly on historical performance. For instance, in the 2016-17 bull market, following Trump’s November 2016 victory, Bitcoin saw a December rally before experiencing a steep 38% correction starting January 4th. Let’s Revisit the Last Cycle: Bitcoin Price Action in 2020-21 look at how Bitcoin performed during the 2020-21 bull market. In this cycle, Biden won the election, and crypto markets surged through November and December. However, a significant pullback of 32% began on January 7th—eerily similar to the pattern from the previous cycle. The Role of Seasonality in Markets Markets, at their core, are driven by human behavior. Even with bots and AI handling many trades, these systems operate under human instruction and decision-making. Seasonality often influences market trends, particularly at the start of the year, when pullbacks are common. One key reason? Profit taking for tax efficiency. January Pullbacks In both the 2016 and 2020 cycles, crypto investors had a great year, making January an ideal time to lock in profits. Why not sell in December instead? Selling on December 31st means paying taxes on capital gains by March of the following year in the US By waiting until January 1st, investors effectively defer their tax payments to the next year, giving them an additional 12 months to reinvest their gains before taxes are due. In the crypto space dominated by individual investors with significant gains this tax strategy often amplifies January pullbacks. March Pullbacks Historical data also shows noticeable pullbacks in March: - March 8, 2017 - March 14, 2021 Why? This is when many investors sell to pay their tax bills in the U.S. Some may have sold earlier (e.g., in January) and are now liquidating assets to pay their "loan" from the government. Others may simply need to cash out to meet tax obligations. Even if not all investors are selling for taxes, the narrative surrounding tax-driven March pullbacks tends to perpetuate itself, effectively "meming" these declines into reality. While pullbacks can occur at any time, history suggests that January and March are more likely to see declines for these reasons. May Pullbacks: “Sell in May and Go Away” Looking at broader market trends, it’s worth noting that U.S. stock indexes have historically performed better between November and April compared to May through October. This pattern has held true since the 1970s and often applies to crypto as well. Bitcoin’s Seasonal Struggles: Summer Slump When examining Bitcoin’s average monthly performance since 2010, its four worst-performing months are consistently June, July, August, and September. For a clearer picture, take a look at Bitcoin’s price chart from 2020 to today. Ouch! This aligns with the old investment adage: Sell in May and go away. Judging by Bitcoin’s historical performance, it’s hard to argue with the results. Why Does This Happen? The theory behind this trend may sound a bit absurd, but it’s worth exploring. After May, summer rolls around, and the ultra-wealthy—the bankers, fund managers, and other key players managing the world’s capital tend to take vacations. In the U.S., they head to the Hamptons. In the U.K., it’s Spain, Italy, or Greece. With these power players lounging on their beachfront properties, away from their desks and screens, market activity slows down. Fewer trades mean reduced liquidity, effectively putting the markets on pause. It’s as if the financial elite collectively agree to press “pause” in May and resume the game in October. Even in Bullish Markets! This seasonal trend can impact markets even during strong bull runs. For example, in 2017, Bitcoin soared from under $1,000 in January to $20,000 by December. However, a pullback started on May 25th. Although prices rallied briefly in August, by mid-September Bitcoin had returned to its May peak price. It wasn’t until October that things went parabolic, leading to an explosive 10x move by year’s end. This historical pattern emphasizes the importance of staying cautious during the summer months. While markets may see some rallies, the overall trend has been consistently weak during this period. The 2021 Cycle: Front Running the Summer Slump A similar pattern played out in 2021, though it appeared that some investors tried to front-run the summer dip. Bitcoin’s price began declining on April 17, earlier than usual. After a brief rally, mid-May saw a dramatic 50% drop. While prices recovered somewhat over the summer, the real momentum didn’t kick in until October. Again, this doesn’t guarantee how the first half of 2025 will unfold, but it’s worth considering these historical trends as possibilities. H2 2025: “History Doesn’t Repeat, But It Often Rhymes When looking at the second half of the year, historical patterns don’t offer as much detail except for one key insight: Q4 tends to be a standout quarter for crypto during the “number go up” years of the cycle. The phrase “sell in May and go away” could easily extend to “until October” for crypto investors, as this strategy has historically performed well. In past cycles, the final quarter of the 4-year cycle (which 2025 would be if the pattern holds) has often marked the peak. This is typically followed by a sharp downturn: - 2013: Top in November - 2017: Top in December - 2021: Top in November If history is any guide, 2025 could follow a similar trajectory, with Q4 delivering explosive price action potentially leading to a cycle top and a subsequent correction. Expert Predictions for Bitcoin in 2025 The founder of Pantera, whose Bitcoin fund boasts a staggering 130,000% return, forecasts that August 2025 will mark the peak of this cycle. He aligns with the broader sentiment that 2025 will be a bull market, followed by a downturn in 2026. He also believes it’s entirely plausible for Bitcoin’s price to increase tenfold over the next 5–10 years Meanwhile, James Butterfill, head of research at CoinShares, predicts Bitcoin’s price will range between $80,000 and $150,000 in 2025. He notes that the lower end of the range may reflect market corrections if Trump fails to deliver on pro crypto policies, while the upper target could be supported by a favorable U.S. regulatory environment Looking beyond 2025, Butterfill envisions Bitcoin’s market value rising from its current 10% of the gold market to 25%, potentially driving the price to $250,000. However, he cautions that reaching this milestone within 2025 may prove super challenging. If you dig up my old BTC charts, you’ll see I was screaming bullish while everyone else was crying in the corner at $ 16k. But now? BTC doesn’t even phase me anymore. 2025 is Altcoin time! It’s gem szn, and I’m here for the treasure hunt
BITSTAMP:BTCUSDLong
by moonypto
6
BTC/USD technical And Fundamental analysis based setup:Hello traders here's my New BTC/USD idea, what you think on it? share your thoughts in comment section 1. Resistance Level: The resistance is clearly near the 102,044 price level, where the price encountered selling pressure. This level acts as a barrier preventing the price from moving higher. 2. Support Level and Target: The support level around 93,034, which is also the target for the anticipated bearish movement. This level represents a zone where buying interest might emerge, halting further price declines. 3. Current Price: At the time of analysis, the price is approximately 99,500. The bearish trend suggests that the price is expected to decline further toward the support zone. 4. Bearish Trend Confirmation: The sharp rejection from the resistance zone and the formation of bearish candlestick patterns indicate that sellers are in control. with the downtrend on the chart. Fundamental Insight: The decline could be driven by broader market sentiment, macroeconomic factors, or profit-taking For traders near resistance. It’s crucial to monitor key events, such as regulatory updates or economic data, that could influence Bitcoin’s price action. Traders should remain cautious and consider using tight stop-losses near the resistance level to manage risk effectively. If the price breaks below the support level, further downside potential may unfold. Follow me for more updates and don't forget to share my idea with your friends and family
BITSTAMP:BTCUSDShort
by MrKevin_17
1
Elliott Wave View: Bitcoin (BTCUSD) Short Term Pullback to Find Short Term Elliott Wave View in Bitcoin (BTCUSD) suggests that cycle from Jan 13, 2025 low is in progress as a 5 waves impulse / diagonal. Up from Jan 13, 2025 low, wave (1) ended at 109,356. Wave (2) pullback unfolded as a double three Elliott Wave structure. Down from wave (1), wave ((a)) ended at 100,087 and wave ((b)) ended at 105,424. Wave ((c)) lower ended at 97,750 which completed wave W in higher degree. Wave X ended at 106,447. The crypto-currency has resumed lower in wave Y. Down from wave X, wave ((a)) ended at 99,038 and wave ((b)) ended at 100,473. Wave ((c)) lower ended at 91,555 which completed wave Y of (2) in higher degree. The instrument has turned higher in wave (3) but it needs to break above wave (1) to rule out any double correction. Up from wave (2), wave ((i)) ended at 102,569. Expect pullback in wave ((ii)) to find support in 3, 7, or 11 swing against 91,555 for further upside.
BITSTAMP:BTCUSD
by Elliottwave-Forecast
BTC IS IN TROUBLE IF THIS HAPPENS my outlook on Bitcoin has not changed at all because nothing has changed in bitcoin. Only thing I see is it is getting weaker by the day. The charts pretty much shows it all. If Bitcoin can’t invalidate this double top and break above that white trend line we will be headed to 70k area. When ? The timing isn’t important as being correct on the direction it’s going depending on what kind of trader you are. Day, swing , or long term. Be very cautious here everyone. Don’t let the news fool you. Stick to the facts in the charts. Don’t fomo, be rational when making your decision. Let the trade come to you.
CRYPTO:BTCUSDShort
by Thetraderedge
Bitcoin Price Surges Despite US-China Trade TensionsBitcoin, the world's largest cryptocurrency, has seen a surge in price in recent weeks, despite ongoing trade tensions between the US and China. Bitcoin's price has risen by over 20% in the last few months, and some analysts believe that it could reach a new all-time high in the near future. There are a number of factors that are driving Bitcoin's price growth. One factor is the increasing adoption of Bitcoin by institutional investors. In recent months, a number of major companies, such as Tesla and MicroStrategy, have announced that they have purchased Bitcoin as part of their treasury reserves.2 This has helped to legitimize Bitcoin as an investment asset and has attracted more institutional investors to the market. Another factor that is driving Bitcoin's price growth is the increasing use of Bitcoin as a means of payment. In recent months, a number of major companies, such as PayPal and Visa, have announced that they will allow their customers to use Bitcoin to make payments.3 This has made it easier for people to use Bitcoin in their everyday lives and has helped to increase demand for the cryptocurrency. Despite the ongoing trade tensions between the US and China, Bitcoin has continued to perform well. This suggests that Bitcoin is becoming increasingly decoupled from traditional financial markets. This is likely due to the fact that Bitcoin is a decentralized currency that is not controlled by any central bank or government. As a result, Bitcoin is not as susceptible to the same economic and political risks as traditional currencies. However, it is important to note that the price of Bitcoin is still volatile and can fluctuate significantly in a short period of time. As a result, investors should be aware of the risks involved in investing in Bitcoin. Other factors driving Bitcoin's price In addition to the factors mentioned above, there are a number of other factors that are driving Bitcoin's price growth. These factors include: • The increasing scarcity of Bitcoin. There will only ever be 21 million Bitcoins in existence. This scarcity is one of the reasons why Bitcoin is seen as a store of value. • The increasing adoption of Bitcoin by developing countries. In many developing countries, Bitcoin is seen as a more stable and reliable currency than the local currency. This is driving demand for Bitcoin in these countries. • Overall, there are a number of factors that are driving Bitcoin's price growth. These factors suggest that Bitcoin could continue to perform well in the future. However, investors should be aware of the risks involved in investing in Bitcoin.
BITSTAMP:BTCUSD
by bryandowningqln
Trading Signals for BITCOIN sell below $100,000 (21 SMA-200 EMA)Bitcoin was trading at 97,919, making a technical correction after having reached a high of $102,000 during the European session. Technically, Bitcoin is positioned below the 200 EMA and below the 21 EMA and below the 21 SMA. We are likely to see a fall in the next few hours with targets at 93,750 and 90,131. In case the Bitcoin price consolidates below $100,000, it will be seen as an opportunity to sell with a target at $90,000 in the medium term. Bitcoin volatility is increasing, so the price is expected to trade within the downtrend channel between $103,500 and above $93,750 in the coming days. If this scenario occurs, both levels could be considered signals to buy or sell. As long as the BTC/USD price consolidates below the psychological level of $100,000, the outlook will remain negative until it can reach $87,500 and even $80,000.
COINBASE:BTCUSDShort
by CEO-PREMIUM-ANALYSIS
1
Busy Long Term BTC Chart 2 FibsThe large white fib is from last cycle top to bottom extending up and BTC hit the 1.786. That is an unusual stopping point, bouncing between that and the 1.414. Yellow fib is from the beginning of this last run up, and the biggest thing I learned is that at some point in the future, the Fair Market Zone will fill out. Maybe now?? or as the bull run ends, but that area only had buys and no real back testing, that's an area to watch closely, would mean a test of the 78.6 fib in ye;;ow 75K? Crazy but possible. I personally don't see it, and the Bull run is not over, I could be wrong, but need to have points of interest.
BITSTAMP:BTCUSDLong
by Chefrusty
When Will See the Bitcoin (BTC/USD) Range Break?Chart Analysis: Bitcoin remains trapped in a broad consolidation range between $91,000 support and $109,000 resistance as price action struggles for direction. 1️⃣ Range-Bound Price Action: Bitcoin continues to respect the $91,000 - $109,000 range, with multiple failed breakout attempts. Recent price action suggests indecision, with neither bulls nor bears taking control. 2️⃣ Key Support & Resistance Levels: Support: $91,000, a critical zone where buyers have stepped in repeatedly. Resistance: $109,000, where sellers continue to cap upside moves. 3️⃣ Moving Averages Provide Mixed Signals: 50-day SMA (blue): $99,025, acting as a dynamic pivot point. 200-day SMA (red): $78,230, showing a long-term bullish structure. 4️⃣ Momentum Indicators Reflect Neutral Bias: RSI: 48.67, showing lack of momentum in either direction. MACD: Weakening, reflecting the ongoing range-bound environment. What to Watch: A break above $109,000 could trigger a bullish continuation towards new highs. A break below $91,000 would put $78,000 as the next key support level. Until a breakout occurs, range-trading strategies remain in play, with traders watching for reversals at support and resistance. Bitcoin remains directionless within its range, with traders waiting for a decisive breakout to determine the next major move. -MW
BITSTAMP:BTCUSD
by FOREXcom
1
Bitcoin’s Incoming Bear Market!🚀 Bitcoin’s Bullish Phase: The Final Push Before the Fall? Bitcoin is currently in the parabolic uptrend phase of its halving cycle, with price action closely following historical patterns. Since the last halving on April 15, 2024, Bitcoin has mined approximately 42,480 blocks, pushing the market closer to the 70,000-block threshold where the trend historically reverses into a deep bear market. Based on historical patterns, Bitcoin’s next major bull market peak is expected around 150,000 USD, approximately 70,000 blocks post-halving (projected for August 2025). However, investors must prepare for what follows—a severe bear market fuelled by miner capitulation. 🔥The 70,000-Block Bearish Reversal: Why It Happens Every Cycle 1. The Mining Difficulty Trap & Rising Costs Bitcoin’s mining difficulty adjusts every 2,016 blocks (~2 weeks) to maintain the 10-minute block interval. As BTC price surges in the bull market, more miners join the network, driving competition and difficulty higher. This raises mining costs and squeezes profit margins, making it harder for smaller miners to stay afloat. ✅ Bull Market (~0-70,000 Blocks Post-Halving) High BTC prices offset increased difficulty, allowing miners to hold rather than sell. Low sell pressure from miners keeps Bitcoin in an uptrend. ❌ Bear Market (~70,000 Blocks Post-Halving) After BTC peaks, prices decline but difficulty remains high. Mining costs remain constant, while block rewards drop. Weaker miners can’t afford to mine at a loss and are forced to sell their BTC holdings to cover operational expenses. 2. The Snowball Effect: How Miner Capitulation Triggers a Crash Once inefficient miners begin selling, a chain reaction unfolds: 1️⃣ Bitcoin price starts declining after the cycle peak (~12-18 months post-halving). 2️⃣ Miners struggle to remain profitable due to high difficulty and lower block rewards. 3️⃣ Miners begin offloading BTC to cover expenses, increasing supply in the market. 4️⃣ More BTC supply leads to further price drops, triggering panic selling. 5️⃣ Additional miners shut down operations, selling off reserves, further flooding the market. 6️⃣ Capitulation accelerates, causing a cascading effect similar to leveraged liquidations seen in past bear markets. 🔄 This cycle repeats until enough miners exit, difficulty adjusts downward, and BTC stabilizes. 3. Historical Proof: How Miner Capitulation Has Marked Every Bear Market Each Bitcoin bear market aligns with major miner capitulation events. Here’s how past cycles have played out: 📌 2012 Halving: Bull top in late 2013, miner capitulation in 2014, BTC fell -80%. 📌 2016 Halving: Bull top in late 2017, miner capitulation in 2018, BTC fell -84%. 📌 2020 Halving: Bull top in late 2021, miner capitulation in 2022, BTC fell -78%. 📌 2024 Halving: Expected bull top in late 2025, miner capitulation likely in 2026?, BTC decline TBD but estimated to be around -60%. 🔹 In all cases, BTC topped ~70,000 blocks after the halving, followed by a deep drawdown driven by miner capitulation. 🔹 The selling pressure from miners perfectly aligns with the start of major market crashes. 4. The Accumulation Phase: What Follows the Crash? After miners capitulate and difficulty adjusts downward, Bitcoin enters a sideways accumulation phase (~140,000-210,000 blocks post-halving). Weaker miners have already exited, reducing sell pressure. Surviving miners adjust to lower rewards and stop mass selling BTC. Smart money (whales & institutions) begin accumulating at undervalued prices. The MVRV ratio drops below 1, signalling a market bottom. Bitcoin stabilizes, setting the stage for the next bull cycle. This predictable recovery cycle lays the groundwork for Bitcoin’s next exponential rally into the next halving period. The Bitcoin Bear Market Prediction for 2025-2026 ✅ Bitcoin is currently on track to peak near ~$150,000 around 70,000 blocks post-halving (August 2025). ✅ Following this, BTC is expected to enter its bear market, with prices potentially falling to ~$60,000 (by December 2026). ✅ The primary catalyst for this crash will be miner capitulation, just as it has been in every prior cycle. Final Thoughts If history repeats, the Bitcoin market is set to follow a sharp parabolic rise to ~$150,000 before undergoing a 70,000-block miner-driven selloff into a multi-month bear market. Investors should be aware of this pattern and plan accordingly. Sources & Data Validation The insights presented in this article are based on historical Bitcoin price cycles, on-chain analytics, and mining difficulty trends from various sources, including: Blockchain Data (Glassnode, CoinMetrics) Historical BTC Halving Data (Bitcoin Whitepaper, Blockchain Explorers) Market Analysis Reports (Messari, Arcane Research) Macroeconomic Influences (Federal Reserve Reports, Global Liquidity Cycles) Disclaimer: Not an Investment Recommendation This article is for informational purposes only and should not be considered financial or investment advice. Bitcoin and cryptocurrency markets are highly volatile, and past performance is not indicative of future results. Conduct your own research and consult with a financial professional before making any investment decisions.
BITSTAMP:BTCUSDShort
by Theperfectionist
10
Bitcoin Price Analysis: Resistance at 105K – Pullback Incoming? Key Observations: 1. Resistance at 105,200 - 105,400: The price has reached a resistance zone near 105,200 - 105,400 (marked by a red arrow). Previous price action suggests rejection at similar levels. 2. Potential Bearish Move: A blue arrow indicates a possible pullback. The price could form a lower high and drop toward support. 3. Support Levels: 104,400 is the first key support level. If it breaks, Bitcoin may decline further toward 104,000 or lower. Conclusion: Bearish Scenario: If Bitcoin fails to break above 105,400, a pullback toward 104,400 or lower is likely. Bullish Scenario: A breakout above 105,400 could push Bitcoin higher
BITSTAMP:BTCUSD
by FOREX_QUEEN_10
Bitcoin’s Path to $70K: Unfilled Orders in Play?Bitcoin is showing strong potential to reach $70K, driven by unfilled orders in the market. Based on my analysis, there are liquidity gaps that the price is likely to fill, creating a natural magnet for upward movement. If Bitcoin maintains its momentum and volume confirms this thesis, we could see a push toward this key level. I'll be watching price action closely for confirmation. What do you think? Will BTC reclaim $70K soon? Let’s discuss in the comments! 🔥🚀
COINBASE:BTCUSDLong
by GusIn
1
Bitcoin (BTC/USD) Breakdown: Bearish Trend Continues After UptreThis is a Bitcoin (BTC/USD) 1-hour chart Key Observations: 1. Uptrend Channel (Green Lines - Past Trend) Bitcoin was in an upward channel for several days, moving within parallel trendlines. The price was making higher highs and higher lows, indicating a bullish trend. 2. Breakdown of the Uptrend The price broke below the lower boundary of the green channel, signaling a bearish reversal. This suggests a shift from an uptrend to a downtrend. 3. Downtrend Confirmation (Red Arrow & Trendline) A steep downward trendline (red) has been drawn, showing continuous lower highs and lower lows. The red arrow suggests further bearish movement, possibly targeting lower price levels. 4. Economic Events (U.S. Flag Icons) The U.S. flag icons indicate upcoming economic events that could impact Bitcoin’s price. These events might be related to economic data releases (such as interest rates, employment reports, or CPI data), influencing market sentiment. 5. Current Price Action Bitcoin is trading at $99,648, down 0.98% at the time of the chart. The price is struggling to hold above $98,000, with a possibility of further declines if selling pressure continues. Conclusion: The bearish trend is dominant after breaking the previous uptr
BITSTAMP:BTCUSDShort
by FOREX_QUEEN_10
5
BTC 3-day .. Long Term Run Chart with GoalLong term BTC is still in a overall Bullish trend. PA gets to a point where absorption of higher prices becomes exhausted, and a waiting period then begins before the next upward pulses. Channel Lines, Wedge Lines, Graphics and anything else on any chart are just temporary Historic lines and will become broke at some point in time. We see the Goal of "143k - 175K". When this will happen....Nobody knows~~~however I guessed about May -Sept of this year 2024, when PA should start to make the long drawn out upwards ascend. Heck it could start to happen in March?? However today's World Politics could send PA down for a while, through the summer-fall 2024. I would rather see a long drawn-out trading range of "89K - 109K", while the current Politics settle down. Who knows what ""Trump (Dump or Pump)"" world event is going to happen in the future. We might see 70k prices again. Looking at PA bump it's head against the Top Channel line several times, I feel that to obtain those prices most everyone is expecting, PA "will need to" eventually break-out of the upper blue channeling line. I placed some Time Frame PA action bracketing graphics in order to somewhat "Guess When" this breakout and new higher high PA might happen. Use SL's and watch-out for the downside (Trump-Tariffs). Good Luck !!
COINBASE:BTCUSDLong
by Quartz-