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BTCUSD trade ideas

BTC CONSOLIDATINGBitcoin's daily chart shows that after hitting a new all-time high of $109,358 two days ago, the price has struggled to hold above the key resistance level of $106,099. Despite briefly trading above it, Bitcoin has not managed a daily candle close above this level, reinforcing it as a key resistance to watch. On the downside, Bitcoin has consistently held the $99,860 support level over the past several days. This level remains critical for maintaining the bullish structure. Below this, the next significant support aligns with the 50-day moving average, currently sitting around $98,600, which provides another layer of potential buying interest. For bullish momentum to resume, a daily close above $106,099 is essential. Such a move could reinitiate a challenge of the recent all-time high at $109,358. Conversely, losing $99,860 would signal a potential shift toward a test of the 50-day moving average at $98,600.
COINBASE:BTCUSD
by ScottMelker
Bitcoin Has Overbought Bearish DivergenceThe 4-hour Bitcoin line chart is displaying a textbook example of bearish divergence, one of the most reliable signals for potential trend reversals. This divergence is evident as price formed a higher high, while the RSI simultaneously printed a lower high. The RSI was previously overbought, another classic component that enhances the validity of this signal. This is my favorite local top signal. Using the line chart for spotting divergence provides a cleaner view, removing noise from intrabar fluctuations. This method highlights the contrast between the weakening momentum (as shown by the declining RSI) and the continued upward push in price. The divergence suggests that bullish momentum has waned and increases the likelihood of a short-term pullback or consolidation phase. Traders should exercise caution here, as divergence doesn't guarantee immediate reversal but rather signals a potential shift in momentum. Watching for a break of recent local support or further weakening RSI will be key in confirming this bearish divergence as a precursor to further downside movement.
COINBASE:BTCUSD
by ScottMelker
BTC Blast OffBitcoin is showing exceptional strength on the daily chart today, confirming the bullish momentum we have been tracking. As anticipated, Bitcoin retested the 50-day moving average around $97,600 yesterday, providing a textbook bounce and reaffirming this level as solid support. This successful retest aligns with the analysis shared yesterday, where we highlighted this as a critical area to watch for buyers to step in. Now, Bitcoin is decisively above the key $99,860 resistance level, with a strong daily candle pushing through and blasting toward a new local high of $102,735. This breakout above resistance signifies a critical bullish confirmation and opens the door for a potential run toward the next major resistance at $106,099. Volume is also picking up, adding validity to the breakout, while Bitcoin's structure continues to look constructive. Holding above $99,860 solidifies the case for further upside, and the retest of the 50-day moving average now provides a clearly defined support level for traders to watch. As Bitcoin pushes toward new local highs, the chart remains in a strong position, with the bulls firmly in control.
COINBASE:BTCUSD
by ScottMelker
1
BITCOIN vs GOLD Cycles. Yellow metal leads, BTC lags.In our early years as a channel we used to do a lot of analyses on the similarities of Bitcoin (BTCUSD) and Gold (XAUUSD) and how Gold Cycles could help predict BTC's future prices. The latter is called the 'digital Gold' after all. Going back to our roots, we present to you today our latest cross-cycle comparison between the two assets, which offers interesting insights. As you can see, the Cycles of those two aren't always aligned. The correlation tends to end when Gold peaks and when it bottoms. As you can see since 2018, when Gold starts a Bull Cycle, Bitcoin tends to lag behind, still being on its Bear Cycle. Then the two converge and correlate until Gold peaks and start its Bear Cycle. That is still relatively early for Bitcoin's bullish trend, which remains on its Bull Cycle, in fact has around 1 year ahead of it. As a result, the two start to diverge again. Based on this model, it appears that Gold's Bull Cycle has peaked and Bitcoin is entering (black circle) its last stage of its Bull Cycle, with a Parabolic Rally being prepared. Still not too late to buy the 'Digital Gold' on this Cycle. Do you agree with this correlation? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
5
BTC LONG TP:111,000 21-01-2025A long position in Bitcoin has been established, focusing on the 1-hour timeframe, with the aim of reaching a target of 111,000. It is anticipated that this goal will be achieved within a timeframe of approximately 8 to 16 hours. It is important to emphasize that if this target is not met within the specified period, the position will be deemed invalid, and a thorough review of the adopted strategy will be conducted.""A long position in Bitcoin has been established, focusing on the 1-hour timeframe, with the aim of reaching a target of 111,000. It is anticipated that this goal will be achieved within a timeframe of approximately 8 to 16 hours. It is important to emphasize that if this target is not met within the specified period, the position will be deemed invalid, and a thorough review of the adopted strategy will be conducted.
CRYPTO:BTCUSDLong
by ReyDragon21
BITCOIN UPDATE, Sell On Strength!!As i see the upward movement of the Bitcoin is just a correction of previous drop, i would like to add more SHORT POSITION in BTCUSD. The upward movement does not back up with a strong volume (1), forming A-B-C correction pattern (2), stopped exactly at the 78.6% retracment (3), bearish divergence on MACD (4), and a possiblity of forming a reversal candle pattern on the daily chart (to be confirmed). SO.. YES, AGAINST ALL ODDS, I AM SELLING BITCOIN prior to the Trump inauguration. CHEEEEERRSSSS...!!!
BITSTAMP:BTCUSDShort
by steveivan
Bitcoin's Bullish Again Bitcoin's price movement, indicating a potential bullish reversal from the support area near $96,882. The price has formed a base at this level and is showing signs of upward momentum. A buy entry is suggested above $102,494, targeting the resistance levels at $ 108,000 (TP1) and $113,000 (TP2). The green shaded zones represent resistance areas, where price action may face selling pressure. A breakout above these levels could confirm bullish strength. Conversely, if the price breaks below the support area, further downside could occur. This setup reflects a balance between technical support and resistance, favoring long positions if the momentum persists. NOTE: This Analysis For educational purposes only not a trading advice Must support me and share your openion in comment section thanks trade safe
BITSTAMP:BTCUSDLong
by AMELIA_Fx
BTC Double Tops Trap or Trump BreakoutAs noted on the charts BTC has reached a critical point in its journey. Altcoins are already hammered into the weekend, is this an early indication of a rug pull? BTC on the 8H time frame is showing rejection of higher prices into previous all time high with most indicators sounding a warning. I am only sharing my thoughts on whether this is a market maker's trap or Trump Breakout Trade. Personally, I have a bias that even if US congress and White house would designate BTC as a Reserve asset (That's a Big iF), my question is would the US government with it's mountain of debt and DOGE (Department of Government Efficiency) buy BTC at over $100,000 per coin? Where is the taxpayer money to accumulate BTC at this price. I suspect the insiders will pull the rug before such an event. Let the chart print!!! These are just my thoughts I am sharing with the world. Cheers to profitable trades!
COINBASE:BTCUSDShort
by RICHINVESTOR
$BTC no updates until tomorrowBecause today is a day to forget. Not because it all looks so bad. In fact, the crypto world has held strong despite the rumors that Trump would appoint crypto and that did not happen. But in these times there is no point in making your prediction until we are back on track. Despite everything, I still think that the aforementioned goals are still for all coins including MARKETSCOM:BITCOIN money and within now and a few days we will have left all our uncertainty behind us and we will just go up. So here are a few days of rest and in a few days we will see a better market again Be kind to the world and each other!
BINANCE:BTCUSD
by RidgerR