Bitcoin Update: Sell or Wait?Hey traders and investors!
An interesting setup on Bitcoin.
On the 1H timeframe, the market is in a sideways range. The current initiative belongs to the sellers. A clear target is marked on the chart. We also have a seller Decision candle, and a seller zone has formed within its range — a strong signal for short setups.
However, on the daily timeframe, the buyers are still in control, and yesterday’s session closed with increased volume.
On the other hand, Friday also showed a volume spike — but without any meaningful result, and the same happened yesterday.
Sell or not? That’s the question...
The 94,900 level might give us the answer.
This analysis is based on the Initiative Analysis concept (IA).
Wishing you profitable trades!
USDTBTC trade ideas
BTC/USDT Technical Analysis. Current Price: ~$94,600
BTC has cleanly broken above the descending trendline resistance, a structure that capped price since mid-February.
This breakout was accompanied by a surge in volume and momentum — a strong bullish sign.
Golden Cross Area
A key technical confluence occurred where the 50-day MA (red) and the 200-day MA (green) were tested simultaneously, marked by the blue circle.
Price moved sharply upward after reclaiming both MAs, suggesting increased buying confidence — a textbook golden cross behavior, even if not a perfect cross yet.
Support & Resistance Flip
Previous resistance at the GETTEX:92K —$93K zone (highlighted in yellow) has now become support.
As long as BTC holds this zone, it suggests healthy consolidation and potential for a continued move up.
Trend Indicators:
50-Day MA (Red): Now curving upward — short-term bullish momentum is building.
200-Day MA (Green): Flattening and starting to rise, showing early signs of a shift in long-term trend direction.
The price is currently above both MAs, which is a key bullish condition.
Key Levels to Watch:
Immediate Resistance: $96,000–$97,500
Major Psychological Barrier: $100,000
Support Zone: $91,500–$92,500
Stronger Support (if broken): $84,000–$85,000 near the MAs
If the price continues to hold above the breakout zone and consolidates well, the next upside target will be $ 100 K.
Failing to hold the GETTEX:92K zone could invite a pullback toward the MAs around $85K — a zone where bulls may step in again.
Final Thoughts:
BTC is showing signs of renewed bullish momentum after breaking key resistance and reclaiming critical MAs. However, confirmation through consolidation and volume is essential to sustain higher levels.
Structure remains bullish unless we see a breakdown below ~$85K with volume.
DYOR. NFA. Stay sharp.
Bitcoin still defying gravity. Can it hold and continueBTC is flagging out at the previously defined point of interest. Although there are signs of bullish divergence market structure has yet to provide enough evidence that a retracement is in effect. However, the chart shows a volume gap below that presents an opportunity.
Full TA: Link in the BIO
Bitcoin May 2025 Forecast The only reason why Bitcoin is not dumping yet is to prevent retail from opening shorts. Retracement is well overdue. Bitcoin still has not made a HL since the bottom on 7 April 2025.
May 2025 will provide such opportunities.
HLs expected in Week 1, Week 2 and by 16 - 17 May at the latest.
From there on all fractals agree on a bull reversal and a rally till at least the end of the month.
BTC/USDT 1H: Bullish Continuation Setup – Long Opportunity Above🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!
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b]Current Market Conditions (Confidence Level: 8/10):
Price at $94,627, showing strong bullish momentum with a clear structure of higher highs and higher lows.
Hidden bullish divergence spotted on RSI, indicating potential for continued upside.
Market Makers appear to be accumulating aggressively, with strong buy pressure noted in recent price action.
Key Levels:
Resistance: $95,400 (Fair Value Gap area)
Support: $93,600 (FVG + prior resistance retest)
Critical Support: $93,200
Trade Setup (Long Bias):
Entry: Optimal between $94,200 – $94,400 zone.
Targets:
T1: $95,400
T2: $96,000
Stop Loss: $93,100 (safely below FVG and critical support).
Risk Score:
7/10 – Bullish market structure supports the setup, but proximity to local highs introduces moderate risk of short-term pullback.
Key Observations:
Accumulation signs present with bullish candle formations and volume increases.
RSI supports continuation, with hidden bullish divergence strengthening the setup.
FVG areas at $93,600 and $95,400 crucial for validating the move.
Recommendation:
Long positions favored with tight risk management.
Consider partial profit at $95,400 to de-risk, and leave a runner towards $96,000.
Watch price action closely around $95,400 for signs of rejection or breakout.
🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!
Bitcoin - Back Under Intersecting Bearish TrendlinesBitcoin is back underneath these two intersecting bearish trendlines.
I have laid out two potential paths Bitcoin could take to play this out.
When an asset in crypto goes only up for so long, it leaves behind a trail of leveraged liquidity in the form of stop losses. These wide open gaps filled with long stop losses, is the fuel that would make such a move possible. In other words, the sell orders are already in the chart in order to make this possible.
Personally, I expect this to happen.
DXY is showing a major breakdown and bearish retest at the moment - with a falling dollar over the next 2-3 years, that translates to a true bull market for Bitcoin and related assets.
The market has a very small time window to recollect all of the long position liquidity in the chart, which is in the billions.
See my previous posts to see confluences, liquidity mapping, etc.
Happy trading and I will be trading this myself.
BTC trading plan updateAt this stage, I think that if BTC wants to increase strongly in the long term, there must be a sustainable accumulation factor. We need to stand aside and consider and pay the market price lower than the nearest bottom. Don't be hasty to fomo with the crowd because of the weekly candle!
BTC - NEW ATH on the HorizonBitcoin has surprised us with a sudden turnaround over the past two weeks.
✅ Technical indicators are bullish
✅ Candle stick patterns are bullish
✅ Trendlines are bullish
I can't help but come to any other conclusion - BTC is now BULLISH, likely making it's way to a new ATH.
This will bring about my much anticipated ALTSEASON:
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BINANCE:BTCUSDT
Current $BTC Analysis: target 100k
Price is currently testing the major descending trendline.
A breakout and weekly close above the trendline would confirm a strong bullish continuation and mark the beginning of a new upward wave.
Breaking the trendline = bullish confirmation.
Failure to break = possible short-term pullback before another attempt.
🎯 Next Target Levels After Breakout:
1 : $118,476
2 : $136,753
3 : $161,132
BTC - 4 Cycles Repeating Itself!Hello TradingView Family / Fellow Traders! This is Richard, also known as theSignalyst.
The picture says it all!
🔄Is history about to repeat itself?
If so, we are currently in Phase 2. 📈
What’s next? A dip toward the $75,000 zone is expected before the next impulsive move begins. 📉🚀
📚 Reminder:
Always stick to your trading plan — entry, risk management, and trade management are key.
Good luck, and happy trading!
All Strategies Are Good, If Managed Properly!
~Rich
BTC 2025.04.29***Follow SEOVEREIGN to receive real-time alerts.
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**Our team regularly publishes in-depth reports on the cryptocurrency market.
Following the idea published on the 22nd, we are now shifting from the long (buy) perspective, which we have consistently maintained for an extended period, to a short (sell) outlook in the near term.
We sincerely hope that many of you were able to achieve meaningful results during the previous uptrend. Now, however, we are detecting clear signs of a market transition and, accordingly, we present a short-side strategy.
From a technical standpoint, the current chart is delivering highly significant signals based on Elliott Wave Theory.
Notably, the ongoing 5th wave has extended precisely to 1.618 times the length of the 1st wave — a textbook example of an extended 5th wave under Elliott principles.
Such structural completion statistically suggests a heightened probability of a major trend reversal.
Visually, each wave is forming with remarkable precision and natural flow, without any signs of forced interpretation or overfitting.
It represents an ideal wave structure — clean, coherent, and organically developed.
Taking all these objective and structural factors into consideration, we believe this is a highly appropriate juncture to consider exiting long positions and exploring short entries.
For those who share this view, please refer to the following target levels when establishing your strategy:
1st Target: 90,868
2nd Target: 87,831
As always, we strongly encourage you to accompany any position entry with thorough risk management and flexible operational strategies.
The market can always move beyond expectations, and maintaining a posture of humility and preparedness will be your strongest defense in protecting your capital.
This is a time that demands sharp insight and decisive action more than ever.
We wish all of you wisdom, clarity, and strength in making your next strategic move.
Bitcoin Faces Major Resistance as Bearish Shark Harmonic FormsBitcoin is trading into a major high-timeframe resistance region where structural, volume, and Fibonacci levels all converge. Price has been rejected back into the larger descending channel after a failed breakout attempt, suggesting the recent move could be a bearish retest rather than a continuation higher.
Adding to the bearish pressure is the emergence of a Shark Harmonic pattern. The current structure sees the C leg form off the major swing low (A point), leading into a strong push toward the potential D reversal zone. If price rejects here, it would activate the bearish harmonic and signal a deeper corrective move lower.
The 96,400 region remains the critical area to watch. A decisive breakout above this resistance would invalidate the bearish pattern and open the door for a bullish continuation. However, failure to reclaim this zone will likely confirm the rejection and set Bitcoin on course toward the 60,000 region, in line with the broader trading channel acceptance.
At this stage, price action is at a decisive point. Rejection confirms bearish continuation. Breakout reclaims bullish momentum. Traders should monitor this area closely for the next major move.
The opportunity to buy Bitcoin!Hello, traders
Bitcoin currently trade around $93,911 having broken resitance above $88,000-$89,000 zone. The breakout, supported by strong volume, positions Bitcoin favorably for further gains, although a short-term pullback appears likely.
Technical indicators remain bullish:
Price holds above the 21-EMA and 30-SMA, both beginning to slope upward.
Quarterly VWAP levels at $89,485 and $84,484 provide strong support.
The Volume Profile suggests heavy buyer interest around $84,000–$86,000.
A minor retracement toward $88,000–$89,000 could precede a consolidation phase before Bitcoin targets $96,000 and eventually the psychological $100,000 mark.
Bitcoin remains in a strong position. Tactical patience and disciplined risk management will be key to capitalizing on the next major move.
Can #BTC break through the heavy resistance zone?📊Can #BTC break through the heavy resistance zone?
🧠From a structural perspective, we are currently in an overlapping resistance zone. We are currently testing the upper edge of the heavy resistance zone again. If we cannot successfully break through, we should be wary of further pullbacks. If we fall below the low near 92,800 and establish a short structure, then we will look for short opportunities after the rebound.
➡️If we continue to break through the previous high, it means that the bullish power is still continuing. Be patient and wait for the pullback opportunity after breaking through the high to appear before looking for entry opportunities.
➡️My short position was reduced by 80% after reaching TP2, and the stop loss was moved down, so the long position hit the breakeven point and was closed. If you don’t move the SL down, you can try to use a small position to expect a scenario where you can’t break through.
Let’s see 👀
🤜If you like my analysis, please like 💖 and share 💬 BITGET:BTCUSDT.P
Bitcoin may little correct and then continue to grow in wedgeHello traders, I want share with you my opinion about Bitcoin. Analysing the current chart, the market behaviour becomes much more understandable. Initially, Bitcoin was moving inside a clean upward channel, showing steady growth with rebounds from the support line and multiple corrective phases. After a strong breakout above the buyer zone, the price maintained bullish momentum and reached the current support level at 88500. Later, BTC consolidated within the support area, confirming its role as a springboard for the next impulse move. The price eventually broke higher, leaving the channel behind and forming a new structure, an upward wedge. This wedge is a natural development after a strong uptrend, often suggesting that the price may continue climbing toward the upper boundary before any potential reversals occur. At the moment, BTC is trading between the wedge's support and resistance lines, precisely respecting both structures. Small corrective pull-backs have already been observed, but buyers quickly defended the support area, keeping the bullish structure intact. Given the clear market structure, the strong breakout momentum from the support area, and the continuation pattern in the form of the upward wedge, I expect Bitcoin to continue moving higher toward the 97000 points, which aligns with the resistance line of the wedge. This level also serves as my TP1 for the current bullish move. Please share this idea with your friends and click Boost 🚀