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BTC : All Time High IN - OR Multimonth Playout?Bitcoin has begun a steep drop, and it's likely that the ATH is priced in. This fits my previous idea that the ATH would either be just over or just under 100k. There is, ofcourse, another option as well - a continuation over the next few months. This is likely if the price of BTC follows a fractal of the previous cycle. It would become likely if we see a strong bounce around the 81-82K zone, pushing us up into the 90's. But, at the moment, I'm leaning towards the idea that the ATH is in. It would also makes sense for the ATH to be in, from an Elliot Wave Theory perspective, since we've made a perfect 5 waves. If this is indeed the case, we can look forward to a few more rallies in the altmarket. _______________________ BINANCE:BTCUSDT
Short
by CryptoCheck-
1
Beautiful fractals of Bitcoin ends before ChristmasWhen we start counting the strong and memorable upward waves of Bitcoin from August's lowest price, where we saw a nice support reaction at $49,000, we witness one of the most beautiful phenomena in the financial markets on the chart. It's a stunning nested fractal that showcases a powerful five-wave upward movement, with the third wave standing out, and it itself has formed another self-similar five-wave fractal, for 4 times in a row! I can't emphasize enough how beautiful this part of the market is. The power of the upward waves, the neat and appealing corrections, the Fibonacci levels that comply with Elliott's rules, and the stunning reactions to significant static and dynamic levels—all of this creates an incredible visual. I can share this section of the Bitcoin chart many times in my classes to help enthusiasts understand the nested nature of market waves and gain greater mastery and appreciation for the beauty of the financial market. I've even tried to create a minimal drawing of this phenomenon on the chart with my limited drawing skills. Now, we see that all these fractals have closed at the price of $108,000, and there isn't an upward fractal that had started before touching the low at $49,000. The downward momentum from the $108,000 price indicates that we've completed a strong bullish period and are entering a new phase. The end of an upward movement doesn’t necessarily mean the beginning of a downturn, so I’m not setting any outlandish bearish targets. I always track the market step by step. This could be the start of a significant drop, or perhaps the price will range for a while. The recent movement, which has lasted about 135 days, suggests that this correction period won't end soon, and I don’t expect the historical peak to be broken until March 2025 at the earliest. Based on fundamental analysis of the markets in the upcoming year, I believe we can agree that Bitcoin's upward movement may continue into next year. However, given the economic data and the Federal Reserve's cautious decisions to strengthen the dollar, we shouldn't expect this rise to happen rapidly. Bitcoin's fluctuations in the $90,000, $80,000, and maybe even $70,000 range can be good news for those who are still dollar-cost averaging. By the way, I wish all market participants the best in the new year. Merry Christmas 🎄 and Happy new year! ✨✨✨✨
by leqaeian
1
How Donald Trump’s Connection with Bitcoin Could Drive ATH Hello and greetings to all the crypto enthusiasts, ✌ In several of my previous analyses, I have accurately identified and hit all of the gain targets.💡 The connection between Donald Trump and Bitcoin: Trump has officially confirmed his intention to create a U.S. Bitcoin strategic reserve, signaling a shift in the nation's approach to cryptocurrency. In an interview with CNBC, he emphasized the need for America to stay competitive, stating, "We’re gonna do something great with crypto because we don’t want China, or anybody else to take the lead." By advocating for a proactive stance, Trump highlighted his concern that other nations, particularly China, are increasingly embracing digital currencies. 📚💡 This move reflects a broader strategy to position the U.S. as a leader in the global financial landscape, ensuring it remains at the forefront of emerging technologies like blockchain and cryptocurrency. The establishment of a strategic reserve would not only bolster the U.S. economy but also signal a clear intent to secure national interests in the evolving digital economy. Trump's remarks underscore a growing recognition that cryptocurrencies are poised to play a pivotal role in shaping global economic dynamics. 📚🎇 Overview of the future price potential for Bitcoin: The outlook for Bitcoin is increasingly bullish, with strong potential for significant price gains and the prospect of reaching a new all-time high (ATH) in the near future. In the short term, a 15% gain is within reach for the first target, supported by key market indicators rather than mere speculation. Rising trading volumes signal heightened investor interest and a growing influx of capital, fueling upward momentum, while improved liquidity ensures smoother trades and reduces price slippage, stabilizing the market. 📚✨ Favorable technical indicators, including bullish chart patterns and solid support levels, further strengthen the case for continued growth. With positive market sentiment and aligned conditions, Bitcoin’s path toward new price targets looks increasingly promising, with even more explosive growth expected as the market progresses toward subsequent milestones. 📚✔ 🧨 Our team's main opinion is: 🧨 Trump’s proposal for a U.S. Bitcoin strategic reserve signals a shift towards embracing cryptocurrency to ensure U.S. leadership in the global digital economy. Meanwhile, Bitcoin’s outlook remains bullish, with rising volumes, favorable indicators, and strong market sentiment suggesting significant price gains ahead. Give me some energy !! ✨We invest countless hours researching opportunities and crafting valuable ideas. Your support means the world to us! If you have any questions, feel free to drop them in the comment box. Cheers, Mad Whale. 🐋
Long
by MadWhale
7
#BTCUSDT #4h (Bitget Futures) Rising wedge on resistanceBitcoin uptrend looks exhausted and keeps getting rejected on overbought RSI zone, a retracement down to 100EMA support seems around the corner. ⚡️⚡️ #BTC/USDT ⚡️⚡️ Exchanges: Bitget Futures Signal Type: Regular (Short) Leverage: Isolated (15.0X) Amount: 5.0% Current Price: 106966.8 Entry Zone: 107142.0 - 108740.0 Take-Profit Targets: 1) 104521.8 1) 101946.7 1) 99371.7 Stop Targets: 1) 110802.2 Published By: @Zblaba CRYPTOCAP:BTC BITGET:BTCUSDT.P #4h #Bitcoin bitcoin.org Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +47.5% | +83.3% | +119.1% Possible Loss= -39.8% Estimated Gaintime= 1-2 weeks
Short
by TradingOn
8
BTC -30% price correction incomingHello dear followers. While the media is trying to FOMO people about BTC price getting higher and higher and that Altcoins season has started. I see different signals in the graphs. Both BTC and altcoins are heading towards a price correction of -30%. BTC is currently at the end of an Elliot wave 5 which is usually followed by a corrective abc wave. First wave a could be a correction of -30%. Always around Christmas and New Year there is a price correction also during bull markets this type of corrections are common. For the Long term BTC is moving in a cup and handle with a price target of $120.000, but on the 1H, 4H and 1D grapsh I see BTC price moving in a bearish rising wedge which is usually followed by a correction all the way back to where the price increase started. So please be carefull and don't FOMO into crypto right now.
by Soul_Investments
4
BTCUSDT Technical Analysis: Two Key Scenarios at Play!Bitcoin's price action is at a critical juncture as we approach the US market open. The chart suggests a potential bounce in the next few hours; however, two scenarios may unfold if this bounce fails to materialize. Scenario 1: Bullish Continuation - A push beyond the 0.382 Fibonacci level (~$91,895.5) could pave the way for a retest of higher levels, targeting $98,190.1 and eventually $108,365.0. - This scenario aligns with the overall trend and could be driven by positive market momentum. Scenario 2: Deeper Retracement - If the .382 support zone is broken, BTC could slide toward the next critical level at $72,746.0 (0.786 Fibonacci retracement). - This scenario would likely trigger increased bearish sentiment, but it could present a potential buying opportunity for long-term traders. - The 200 MA (blue line) will act as a key dynamic support in this case. Key Observations : - BTC has already broken below all major EMAs in LTF even 200EMA has been broken. BTC needs to close the daily above 96k to maintain some hope for reversal. - The RSI is currently oversold, signalling a potential short-term reversal. - Traders should monitor price action closely during the US session for confirmation of either scenario. Stay vigilant, and as always, practice proper risk management in your trades. Do hit that like button if my updates are helping you in any way. #PEACE
by Cryptorphic
Bitcoin BTC Has Almost Finished Correction: Huge Gains Ahead!Hello, Skyrexians! We hope you made a right decision when received the warning sign by our Bullish/Bearish Reversal Bar Indicator from our previous Bitcoin analysis . Now we see that this correction is happening right now and there is some space to go down more but not that much as you may be think. Let's take a look at the daily BINANCE:BTCUSDT chart. We can see that our indicator has printed the red dot at the top of the wave 3. After that this dump has been started. This is wave 4 and it has the clear target between 0.38 and 0.5 Fibonacci levels. Therefore we can conclude that max target which price can reach before the reversal is 84k, but it's more likely the reversal will happen earlier, at $89k. When correction will be finished we can expect the wave 5 with the optimistic targets between $120k and $140k. Here is nothing change from the last analysis. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView . Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
by Skyrexio
BTC BEARISH SCENARIO IF WE BREAK 95K KEY STRUCTUREPersonally, I don’t think this scenario will play out, but as traders, we always need to consider two possibilities to gauge the likelihood of each unfolding. This is my bearish scenario if we lose the 95K support. The next support level would be at 92K, followed by an oversold bounce toward 99K-100K. This bounce might deceive people into thinking the bottom is in, but it would likely face rejection, leading to a harder fall toward 87K. Again, let me emphasize—I don’t see this scenario playing out, but it’s still a possibility we need to keep in mind. What can you do? Exit altcoins altogether and wait to see if BTC moves back into the 100K region, which would invalidate this scenario from playing out.
by Asma7assan
2
With Major Liquidity Swept and RSI reset Bitcoin is now going UPIn the last few days, after achieving a new all-time high of $108,000, Bitcoin has experienced a massive dump, liquidating many retail traders using leverage. This market downturn was caused by several factors. First, Bitcoin was severely overbought and overdue for a correction. Second, Jerome Powell added to the market uncertainty by making strong anti-Bitcoin statements, dashing hopes of the U.S. adding BTC to its Federal Reserve reserves. As a result, the market saw a steep fall, with major altcoins such as SOL and DOGE dropping over 30%. The Main Question: What’s Next? Bitcoin is unlikely to go up from here in the immediate term. Instead, it may be better to position for a short targeting the $90-91K range. The market might remain bearish over the Christmas holidays, giving “holiday discount” vibes. It’s not a good idea to buy Bitcoin with leverage at this moment. Waiting until next Monday to reevaluate might be a safer option. Technical Analysis: As highlighted, Bitcoin has broken out of an ascending channel and dropped significantly. One of the key technical reasons for this is the overbought RSI. Major resistance is currently around $99.7K , while key support lies between $89.5K and $87.5K . A break below these levels could indicate a strong move in either direction. The most liquidity is around $92.2K , where Bitcoin is likely to gravitate before making an upward move. Additionally, RSI has hit a support level, which increases the possibility of a bounce from here. Outlook: After the holidays and once Bitcoin sweeps the lower liquidity levels, we could see an excellent buying opportunity . There is potential for BTC to reach $118K by the end of January . Moreover, Donald Trump’s inauguration could act as a catalyst to drive Bitcoin’s price higher once again.
Long
by LeoMessi_
1