Bitcoin’s Breakout Pattern Continues – Is $120K Next?MARKETSCOM:BITCOIN Quick Update
Bitcoin is showing strong momentum — each time it accumulates, it breaks out to a new level. This "accumulate and explode" pattern has played out cleanly three times already.
Now, BTC is consolidating just under its all-time high. If this range holds, another breakout could be coming soon.
The structure remains bullish as long as price holds above the $103K zone. A clear break above ATH could send it toward $120K and beyond.
USDTBTC trade ideas
Bitcoin 4 hour bull and bear scenarios.On the bullish side, there’s the measured move target.
On the bearish side, there’s a bearish Wolfewave.
There’s a 3:1 ratio bear target and an intersecting line target.
Bears who already took on positions could still be in the game even after the bulls reach their measured move target.
Bulls taking profits at their measured move target combined with bears shorting could push price down.
However, if price goes above the bear’s risk tolerance, bears could buy to cover.
Combine that with momentum bulls jumping in…
It could push price up quickly.
Traders should also check out the weekly interval chart which is still currently bullish.
Wait for the correction down on BitcoinHi traders,
Last week Bitcoin finished wave 4 (grey) and after that it made the upmove to the ATH. If you follow my Weekly outlooks you could have ride the whole wave from 85K.
After making a new ATH, it dropped. So now we could see a (bigger) correction down before going up again.
Let's see what the market does and react.
Trade idea: Wait for the correction down to finish to trade longs again.
If you want to learn more about trading FVG's with wave analysis, please make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my analysis.
Don't be emotional, just trade your plan!
Eduwave
bitcoin short.Bitcoin (BTC) tumbled to a low of $101,095 on Friday amid volatility in the market. The effect of the tussle between United States (US) President Donald Trump and Tesla Chief Elon Musk negatively influenced the NASDAQ and Tesla's stock price on Thursday, although both are recovering on Friday. The spat between the two likely influenced the decline in crypto market cap, down 4% in the past 24 hours.
Bitcoin traders have turned fearful today, from neutral on Thursday. The crypto Fear and Greed Index reads 45 on Friday, while on Thursday and last week the values ranged between 57 and 60, implying a neutral sentiment among market participants.
As traders turn cautious and volatility rises, derivatives exchanges recorded a large volume of liquidations.
Technical analysis of BTC contracts (outlook for next week)Technical analysis of BTC contract on June 7 (next week outlook):
The weekly trend, after the price hit the high point of 112000 area, it retreated under pressure. The current K-line pattern is negative, but the price is still at a high level, which also exacerbates the overall trend of volatility. The daily price was fluctuating downward before Friday. The impact of yesterday's data caused the price to rise, which seemed to break this trend, and it also became contradictory. The technical indicators of the four-hour chart and the hourly chart changed very quickly, and there was no reference signal for the medium and long term; in general, the current trend will continue the oscillating pattern, with the upper pressure position in the 107000 area and the low point support position in the 100600 area;
BITCOIN 2024/2025THE current chart of btc shows a strong sign of recovery into 118k and 120k after updating 111k daily RED ascending supply roof of the structure, we need one more buy confirmation to see strong bullish healthy candles.
the bulls defended 100k level as that level represents a strong demand floor and break and a close below it will follow another layer of demand 96k zone
#btc #bitcoin
BTC SMC distribution BITSTAMP:BTCUSD That's my prediction about next BTC moves. It looks like classic SMC distribution phase. After reach ATH price failed to break it and fall. Soon I'm expecting move towards 108-110k before final strike down deeper than last time. According to my previous idea it was correct only I was wrong about top. Bearish harmonic pattern on daily time frame were correct
$BTC – Reclaim Test & Momentum Watch (4H)
📊 CRYPTOCAP:BTC – Reclaim Test & Momentum Watch (4H)
🔍 On the 4-hour timeframe, CRYPTOCAP:BTC is retesting the broken symmetrical triangle resistance. If price manages to reclaim this structure, it could open the gates for a bullish leg up.
🟠 At the same time, price is navigating within a descending channel. A clean breakout above the channel’s resistance — supported by strong momentum — would validate a potential trend shift and strengthen the bullish case.
⚠️ This dual structure — reclaiming the symmetrical triangle while challenging the descending channel — is critical for the next major move. If the reclaim fails, short-term bearish pressure could continue. However, if buyers step up, this could mark the start of a new impulsive wave.
👁️ Keep a close watch — the next move will shape market sentiment!
cras//@version=5
strategy("Fast Scalping RSI Cross", overlay=true)
rsiLength = input.int(14, title="RSI Length")
rsiOverbought = input.int(70, title="Overbought Level")
rsiOversold = input.int(30, title="Oversold Level")
rsi = ta.rsi(close, rsiLength)
longCondition = ta.crossover(rsi, rsiOversold)
shortCondition = ta.crossunder(rsi, rsiOverbought)
if (longCondition)
strategy.entry("Long", strategy.long)
if (shortCondition)
strategy.close("Long")
plot(rsi, color=color.blue)
hline(rsiOverbought, "Overbought", color=color.red)
hline(rsiOversold, "Oversold", color=color.green)
The Power of Round Numbers in TradingHello, traders! 👀 Do you know why $10K matters more than $10,137.42? You’ve probably noticed it — even if you’re not watching the chart all day. Whenever Bitcoin approaches $10,000, $20,000, or $100,000, something shifts. Volatility spikes. X (formerly known as Twitter) goes wild. And traders tighten their stops.
That’s not a coincidence. It’s the psychology of crypto trading, and few things trigger it more than round numbers in trading.
🎯 Why Round Numbers Act Like Magnets
In both traditional and crypto markets, clean figures like $1.00, $100, $10K, $100K aren’t just visual milestones. They’re emotional ones too. And that’s where crypto market psychology kicks in. Why? People, especially traders, think in psychological numbers.
Retail traders place limit orders near neat levels like $25,000 or $30,000 (not $24,837.65). Institutions often set stop-losses or triggers around these zones. Media headlines focus on thresholds: “BTC Hits $100K” hits harder than “BTC breaks $99,800.” These collective habits cluster orders and attention around these levels, making them support/resistance zones through pure crowd behavior. That’s crypto psychology at work.
🧠 Support, Resistance, and Psychological Warfare
Let’s say BTC approaches $30,000 from below. Here’s what the crypto psychology chart tends to show: retail optimism takes off: “If we break 30K, next stop is 100K BTC!”
Smart money takes profit: Short sellers loooove round numbers. Choppy price action: Emotional trading dominates near psychological zones. This makes psychological numbers in trading incredibly sticky. They become decision-making triggers.
A move above a considerable number might create FOMO.
A rejection just below it might trigger panic selling or trap breakouts.
That’s why psychological numbers in day trading (and longer-term moves) aren’t just fluff; they’re real and show up repeatedly.
🔁 Real Examples of Round Number Power in Crypto
$10,000: Held BTC back in 2017 and 2019 — until it didn't. Once broken, it opened the floodgates.
$20,000: A brutal resistance for years — finally broken in 2020. The price exploded afterward.
$30,000: Became major support during the 2021 bull run. Once it collapsed, BTC slid toward $15K.
$100,000: The ultimate mental level. Traders still ask: “When will Bitcoin hit 100K?” or even “Did Bitcoin hit 100K yet?” The answer? Yes! But every move toward it creates a wave of interest, and sometimes fear. Some already speculate: “Will Bitcoin crash at 110K?”
It’s clear: round levels shape crypto trading psychology, and BTC 100K is more than a price — it’s a narrative. That’s the essence of what psychological numbers are in trading — they’re not technical but emotional.
💬 Final Thought: What’s Your 100K?
For some, 100K BTC is a moonshot. For others, it’s a trap waiting to happen. So the next time Bitcoin approaches a clean round number, ask yourself: Is this price important or just a number that feels important? Let us know how psychological numbers in trading shape your strategies 👇
BTC v DXY📊 Updated Analysis: BTC vs DXY
🔺 BTC Chart (Top Panel)
Price is near previous ATH resistance (~$110k).
Momentum is slowing as shown by the bearish divergence on RSI (RSI trending lower while price stays flat or rises).
However, BTC has not broken down; it’s still in consolidation near highs — not rejection.
🔻 DXY Chart (Bottom Panel)
DXY had a mini rally from ~100 to ~110 but is now pulling back slightly.
If DXY forms a lower high and breaks down, that would typically support a BTC rally.
If DXY resumes strength, BTC may consolidate longer or correct.
🧠 Can BTC Sustain a Multi-Year Bull Run with DXY in View?
Yes — if DXY weakens.
🟢 Bull Run Case:
If DXY breaks below 100, this could trigger a major capital rotation into risk assets, including BTC.
BTC above $112k with falling DXY = probable start of a parabolic rally (think $150k+).
🔴 Bearish Risk:
If DXY finds strong support (~98–100) and begins rallying again, especially beyond 110–112, BTC could enter a mid-cycle correction.
🔭 Watch These Levels:
BTC: Break/close above $112k = bull continuation. Breakdown below ~$85k = caution.
DXY: Close below 100 = major BTC bullish signal. Close above 112 = danger zone for crypto.