BTCUSD - Cup&Handle - For BullishBTC is currently forming a cup and handle pattern on the weekly timeframe. If the price breaks above $73,800, it could potentially rise to $130,000 during its bullish cycle.
Additionally, a bullish flag pattern suggests a price move up to $122,000, further supporting the potential for significant gains.
Based on time cycles, BTC has yet to begin its post-halving bull run, adding further weight to the anticipated upward move.
Note :
This is not trading advice—it's for educational purposes only. Please conduct your own research before making any trading decisions.
Bitcoinprediction
BTC is going finally to 100k?Hey guys!
We finishing this week with nice news?
So quick update about bitcoin situation. We have here bull MA crossing oon 4H TF, so we can potentially see some long movement on the weekends. Another bull sign can be a Thannksgiving Day, so markets can react positive.
On the other hand we have descending volumes and not really active movement.
Don't forget to use SL and follow risk management!
What's your thoughts about the short market condition?
Rising Wedge Pattern Alert Bearish or Bullish for Bitcoin?In my last post, I shared a bullish outlook for Bitcoin, projecting a potential climb to $131,000 by 2025 if it maintains its current pattern of gradual climbs and pullbacks. However, I also highlighted a critical level $100,000. If Bitcoin faces rejection there, a 20% correction could bring prices down to $78,000.
Now, looking at the current chart, Bitcoin seems to be forming a rising wedge, a pattern often associated with bearish reversals. While the price is still trending upward, the converging trendlines suggest momentum may be weakening. This raises the possibility of a breakdown. But, there’s another side to this story.
Key Takeaways:
1️⃣ Bearish Scenario: If Bitcoin breaks below the wedge’s support line, we could see a sharp pullback. Based on the height of the wedge, the downside target could align closely with the $78,000 zone I mentioned earlier.
2️⃣ Bullish Scenario: If Bitcoin manages to break above the wedge’s resistance line with strong volume, it could invalidate this bearish pattern. This breakout could not only push Bitcoin toward the critical $100,000 level, but also open the doors to new all-time highs beyond $100,000. A sustained bullish momentum could fast-track Bitcoin’s trajectory to $131,000 or higher as early as 2025.
What to Watch:
🔹 Volume: Decreasing volume during this wedge formation may confirm a bearish breakdown, while a volume spike could signal a breakout.
🔹 Support and Resistance: Watch the wedge’s lower boundary for breakdowns or the upper boundary for breakouts.
🔹 RSI & Momentum: Overbought RSI levels could support a bearish case, while bullish divergence would favor upward momentum.
Bitcoin remains at a critical juncture, where the next major move will determine whether the bulls take us into uncharted territory or if the bears will temporarily seize control.
Either way, this is a pattern to watch closely. Stay tuned for updates as we monitor Bitcoin’s next steps! 📉📈
Bitcoin tends to falter the day after ThanksgivingThe 124k target remains in play overall, but for now I suspect the shakeout from its 100k milestone has more to offer bears. And while bitcoin prices are showing a nice breakout from a flag pattern on the 1-hour chart, bulls should take note that today (the day after Thanksgiving) tends to be a bearish day on average. And that could make any moves towards 100k tempting for bears to fade into over the near term.
MS
Where are we in the Bitcoin Cycle?Let’s break it down:
1️⃣ 60-Day Cycle Count
2️⃣ Cycle Indicators
🧵👇
1️⃣ 60-Day Cycle 📆We’re on Day 20 of the cycle.
💡 Around this time, a small retracement to the mid-cycle low is normal. But here’s the bullish twist:
⚡ In bullish cycles, the mid-cycle low is HIGHER than:
The previous cycle low
Even the next cycle low
✅ Translation? We’re STILL climbing this cycle! 🚀 Expect upside in the next 1–2 weeks.
2️⃣ Cycle Indicators 📊The 2W, 1W, 3D, and 1D indicators just hit 80—a level that usually triggers a price drop.
⬇️ This marks the top of the 1W cycle and could signal some short-term cooling off.
Summary 🧠 🌱 Day 20 of a bullish cycle = Growth ahead. 🔔 Short-term pullbacks = Buying opportunities.
👀 Watch for continued upside over the next 1–2 weeks. Stay on the line.
#Bitcoin #Crypto #BTC #TradingView
Bitcoin Price Action Analysis Key Levels & Pullback ExpectationBitcoin is currently trading at $95,452, having come very close to the $100,000 level as of November 21. As Bitcoin approaches this major milestone, it’s important to identify key support and resistance zones based on historical price action and technical analysis. Let’s break down the key levels to watch:
$90,642 Resistance:
As Bitcoin nears the $100,000 mark, $90,642 serves as an important resistance level. This zone falls within the $90,000-$95,000 range, which has historically seen significant price action. It’s common for Bitcoin to face consolidation or profit-taking near these levels, and whether Bitcoin can push past this resistance will be crucial in determining the next phase of price movement.
$87,000 and $85,000 Support Levels:
If Bitcoin faces a pullback after nearing $100,000, the $87,000 and $85,000 levels could act as potential support zones. These levels are based on the price action observed when Bitcoin approached similar areas in the past. While these specific levels haven’t been exact support points in prior cycles, they align with key price ranges where Bitcoin has experienced notable fluctuations. In a correction scenario, Bitcoin could consolidate at these levels before resuming its upward momentum.
$82,500-$80,000 Area of Interest:
The $82,500-$80,000 range represents a zone of interest in case of further downside movement. Historically, Bitcoin has seen price action around the $80,000 area, which could act as minor support during a pullback. This zone aligns with psychological levels and could be a point where traders look to accumulate before the next potential move higher.
$68,000-$66,000 Pullback Zone:
Major rallies often experience retracements and the $68,000-$66,000 range is a likely target if Bitcoin faces significant resistance near $100,000. This range corresponds to the 38.2% to 50% Fibonacci retracement levels, which are historically strong support zones. A correction into this area would allow for healthy consolidation before a potential continuation of the bullish trend.
Conclusion :
With Bitcoin testing the $95,452 mark, key resistance levels are near $90,642 and $95,000. If Bitcoin experiences a pullback, watch for support around $87,000-$85,000, with further potential for a deeper correction into the $82,500-$80,000 range. A more substantial pullback could target the $68,000-$66,000 zone. These levels will be crucial to understanding the next potential moves for Bitcoin.
This analysis helps identify key levels to watch as Bitcoin approaches these critical price points. Keep an eye on these levels as the price action unfolds!
BTC Retrace Possibly Complete H4From BTC low to swing high (88,700 to 99,800) we have had a perfect breakdown through the fibs all the way down to a perfect body close on the .786. The price action dipped below the 100 sma for a short period and quickly recovered this level. Price is currently trading above the .5 fib retracement level. RSI is 49 at time of publishing and trending upward after an MA cross. Price is targeting the .382 and 50 sma next as levels to watch as btc recovers further. This is just my opinion, there is also clearly a scenario with more downside. This idea is strictly my opinion.
Not financial advice.
Do your own DD.
Thanks for viewing the idea.
BTC Price Prediction Post 2025 US Presidential Inauguration Looking at how BTC performed over the past 3 US presidential elections, I used those numbers to come up with an idea of where BTC might land at its highest point in 2025.
There are significant diminishing returns as far as percentage gain, post inauguration, since 2013. It looks like we will see an 85% gain from 2024 election day this cycle, especially with BTC price rising above its previous 2021 ATH prior to the 2024 election this year.
Previously in 2020, BTC beat its ATH right around Election Day. And the cycle before that, it didn't beat its 2013 ATH until after the 2017 inauguration date.
So that would put us at a peak of 130k/BTC around November 2025 this coming year. This is a conservative estimate based on the average rate of diminishing percentage increase. I hope it goes higher, but this seems realistic to me, and would nearly double the previous ATH.
Bitcoin Price Analysis: Can BTC Bounce Back After 8% Crash?Bitcoin ( CRYPTOCAP:BTC ) has recently taken a significant hit, with the price crashing by 8% from its all-time high of $99,690. As of the latest data, Bitcoin ( CRYPTOCAP:BTC ) is trading around $92,373, after a 7.09% correction that has left many traders wondering whether BTC will recover or continue its downward trend. This article takes a deep dive into both the fundamental and technical aspects of Bitcoin's current performance and explores what might lie ahead for the leading cryptocurrency.
Bitcoin's Recent Price Action: A Brief Overview
Bitcoin's impressive ascent towards the $100,000 mark was temporarily halted with the most recent crash, which occurred in the wake of the asset approaching its all-time high on November 22. The drop has led to the formation of a potential swing low at $92,620 on Monday, with Bitcoin showing early signs of a recovery.
Despite the correction, Bitcoin ( CRYPTOCAP:BTC ) remains up by more than 130% year-to-date, reflecting the continued bullish sentiment surrounding the cryptocurrency. Many analysts have speculated that the fourth quarter of 2024 could see Bitcoin ( CRYPTOCAP:BTC ) pushing towards a six-digit price point, and this recent drop may be part of a healthy consolidation before another leg up.
Bullish Long-Term Outlook
Bitcoin's dominance in the cryptocurrency market remains unparalleled. The digital asset’s market capitalization hovers around $1.93 trillion, representing over 40% of the entire cryptocurrency market. Bitcoin’s resilience is fueled by its status as the first decentralized digital currency and its wide acceptance as "digital gold" and a store of value.
The network’s security, scalability, and decentralized nature have kept Bitcoin at the forefront of the crypto market since its inception in 2009. In addition, Bitcoin continues to be a preferred hedge against inflation, a narrative that remains relevant as inflation concerns persist globally.
Furthermore, Bitcoin’s role as an uncorrelated asset has also contributed to its growing reputation as a safe haven. As Bitcoin’s popularity expands and its network upgrades continue to improve its efficiency and functionality, the long-term outlook remains highly positive.
Upcoming Key Developments:
The Bitcoin network has seen several crucial upgrades in the past few years, including the Taproot upgrade, which significantly improved Bitcoin’s smart contract functionality and privacy features. Upgrades like these are key to ensuring that Bitcoin remains secure, decentralized, and scalable, with more improvements planned for the future. As more institutional investors and major companies embrace Bitcoin ( CRYPTOCAP:BTC ), the demand for the cryptocurrency is expected to continue growing.
Technical Analysis
From a technical perspective, Bitcoin’s recent price action reveals both bearish and bullish signals. As the price hit a local low of $92,620, the market is at a crucial juncture. A failure to hold above the $92,000-$93,000 support zone could see Bitcoin testing lower levels, with potential downside targets near the $87,000 region. If Bitcoin breaks below $87,000, a further decline towards the $70,000-$75,000 range could follow.
However, there are also significant bullish signs in Bitcoin’s current price structure. Despite the recent drop, Bitcoin is holding above key support levels, and the RSI (Relative Strength Index) remains above 50, which suggests that there is still potential for upward momentum. A bounce from current levels could push Bitcoin back towards the $95,000 level, with a crucial resistance at $95,666. If Bitcoin clears this hurdle, it could set the stage for a recovery to $100,000 and beyond.
Will Bitcoin Recover or Face Further Declines?
Bitcoin’s price movements have been volatile, and this recent crash may simply be part of a healthy consolidation phase before the next major rally. Given that Bitcoin is holding well above support zones and has maintained significant year-to-date gains, it is likely that the cryptocurrency will make another attempt to reach $100,000 in the near future. However, this will depend heavily on broader market conditions and investor sentiment.
If Bitcoin breaks the $95,666 resistance level, there is a strong chance that it could set new all-time highs by the end of the year, pushing closer to $100,000. On the other hand, if Bitcoin fails to reclaim bullish momentum and breaks below the $87,000 support, it could face a deeper pullback, with $70,000 being a possible target.
BTC CME Chart - Mind the Gap!Currently there exists a gap of around 3000 USD between roughly 80.000 USD and 77.000 USD. This gap is around 20-22 % from the last top and also marks a zone between two fibonacci lines (0.283 from the last lowest low and the 0.382 line from the low before that).
My educated guess is that we get a relatively 'normal' traceback to that zone. To fill the gap and to build up momentum for another rise in the bitcoin price.
Note that pullbacks of 20 percent are quite normal, although the range in Dollars can get larger and larger as we go higher and higher.
Please like if you share my opinion.
BITCOIN - A detailed Important scenario of what will happen!Anyone who puts 2025 as the end of the cycle is wrong, in my view In this analysis, I will list for you all the next steps, starting from now.
- Altcoins and Bitcoin will rise to 85k, and it will happen from here until the end of June - the beginning of July.... This will coincide with TOTAL3 reaching 900B - 1T.
-There will be a strong correction for the entire market, and Bitcoin will return to 72k and TOTAL3 will return to 700B - 730B. - In the period between August and October, Bitcoin will rise alone, and alternative currencies will begin to rise slightly
- Trump wins the US elections, and remember what he said two days ago regarding cryptocurrencies, and this would bring great positivity to the market.
At the end of 2024 or the beginning of 2025, Bitcoin will reach 125k - 150k, and that will be the peak of that cycle, and your greed will then reach the sky, but don't take your profits... When that happens, you will find those calling for 200k for Bitcoin, or posts tells 1M for BTC !
Then the following will happen:
- Distribution of bitcoins to ALTS for two or three weeks with great ALTseason...Greed will reach its peak, and I will be attacked and anyone who tells " this is the peak, and you must take your profits and make them 100% cash".
- Then there will be a complete collapse of the market and the American markets, and a decline that will continue for years, and this collapse will be less severe for Bitcoin, reaching areas between 50k - 45k, and most other currencies will disappear completely (90-99% decline).
best regard Ceciliones🎯
IBIT | This is Where Real Trader's are LookingThere's no need to complicate things. You are watching where real traders watch.
I see the green box and the red box as the selling place.
When the price reaches those areas, I recommend you to follow the volume side. If these regions are to be broken and passed, the volume side will give signals of this.
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My Record Speaks for Itself
DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it.
RENDERUSDT.P | HTF Accuracy
ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
Understanding the Benefits of Long-Term Bitcoin HoldingThe Bitcoin market has been on a tear, recently surging towards the coveted $100,000 mark. Amidst this bullish momentum, a fascinating trend has emerged: long-term Bitcoin holders, often referred to as "hodlers," are showing no signs of capitulation.1 In fact, they seem more determined than ever to hold onto their coins, even as the price continues to rise.
The Psychology of Hodling
The concept of hodling, a deliberate misspelling of "holding," has become synonymous with the Bitcoin community. It encapsulates the idea of buying and holding Bitcoin for the long term, regardless of short-term price fluctuations. Hodlers are often driven by a deep belief in Bitcoin's potential as a revolutionary technology and a store of value.2
As Bitcoin's price has soared, some investors might be tempted to take profits and cash out. However, long-term holders are resisting this urge, choosing instead to remain patient and steadfast in their conviction. This behavior can be attributed to several factors:
• Belief in Bitcoin's Long-Term Potential: Many hodlers view Bitcoin as a digital gold, a scarce asset with immense value potential. They believe that the current price surge is just the beginning of a much larger upward trend.
• Fear of Missing Out (FOMO): As Bitcoin's price continues to climb, there's a fear of missing out on significant gains. Hodlers may worry that if they sell now, they might regret it later when the price reaches even higher levels.
• The Halving Effect: Bitcoin's supply is halved every four years, reducing the number of new coins entering circulation.4 This event, known as the halving, is expected to have a significant impact on Bitcoin's price. Hodlers may be anticipating a substantial price increase after the next halving, scheduled for 2024.
• The Network Effect: As more people and institutions adopt Bitcoin, its network effect strengthens. This increased adoption can lead to higher demand, driving the price up further.
Why Hodling is Good for Bitcoin
The fact that long-term holders are resisting the temptation to sell is a positive sign for Bitcoin's future. Here's why:
• Reduced Selling Pressure: When fewer coins are being sold, it reduces selling pressure on the market. This can help to stabilize the price and prevent sharp declines.
• Increased Price Stability: A lower supply of Bitcoin available for sale can lead to increased price stability. This can attract more institutional investors who prefer assets with lower volatility.
• Stronger Market Fundamentals: The behavior of long-term holders demonstrates strong market fundamentals. It suggests that Bitcoin is perceived as a valuable asset with long-term potential.
• Positive Market Sentiment: The resilience of long-term holders can boost market sentiment, attracting new investors and driving further price appreciation.
In conclusion, the greed of long-term Bitcoin holders is a bullish indicator for the cryptocurrency market. Their unwavering belief in Bitcoin's potential, coupled with their willingness to hold onto their coins, is a testament to the strength of the Bitcoin community and the underlying technology. As Bitcoin continues its journey towards mass adoption, the hodlers will likely play a crucial role in shaping its future.
Bitcoin Correction Started!?Bitcoin ( BINANCE:BTCUSDT ) started pumping again today with the help of the following two News :
1-Chinese Court Declares Bitcoin and Crypto Ownership Legal.
2-Trump Plans White House Crypto Advisor Role.
These days, Bitcoin is more influenced by the news than before.
Bitcoin managed to break the Important resistance lines with the help of the above news .
Since Bitcoin does NOT have a previous price history at current prices , its analysis is associated with challenges, but I will try to analyze it for you with technical analysis tools and other parameters .
Bitcoin reacted well to the new Potential Reversal Zone(PRZ) .But Bitcoin could not touch the magic number of $100,000 ; one of the reasons for not touching this number is many sell orders that were exactly on the number of $100,000.
According to the Elliott wave theory , Bitcoin has entered five new impulsive waves after breaking the important resistance lines. It completed the main wave 5 .
It seems that we can wait for Bitcoin correction waves .
In terms of Classic Technical Analysi s, Bitcoin seems to be completing the Bump phase and entering the Run phase of the Bump-and-Run Top Pattern .👇
It also seems that USDT.D% ( CRYPTOCAP:USDT.D ) will have an upward trend , which can cause Bitcoin correction .
I expect Bitcoin to attack the lower line of the ascending channel after approaching the Resistance zone($97,642-$97,180) .
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
⚠️ Note: If Bitcoin goes above $98,700, we can expect it to touch $100,000. ⚠️
⚠️ Note: Bitcoin can start to rise again from the lower line of the ascending channel. ⚠️
⚠️ Note: We should expect a deeper correction if Bitcoin goes below the Support zone($95,600-$92,000) and breaks the lower line of the ascending channel ⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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BTC / USDT : Consolidating at key support, bounce back likely Bitcoin/USDT: Consolidating at Key Support, Bounce Back Likely
Bitcoin has experienced a significant pullback after its recent rally and is now consolidating near a critical support level. This area has historically acted as a strong demand zone, increasing the likelihood of a bounce back. However, confirmation is needed to ensure a potential bullish reversal from this level.
Key insights:
1. Support zone: Bitcoin is holding above a key horizontal support level that has previously provided a strong base for upward moves. A sustained hold at this level could signal bullish momentum returning.
2. Market structure: Despite the recent drop, the overall market structure remains intact, with Bitcoin trading above long-term moving averages, keeping the bullish bias alive.
3. Momentum indicators: Indicators like RSI are entering oversold territory, suggesting potential for a reversal. MACD is also nearing a crossover, which could strengthen the case for a bounce back.
Steps to confirm the bounce:
Monitor for a strong 4H or daily candle closing above the current support level. This will signal buyers stepping in.
Look for higher lows on shorter timeframes to confirm a trend reversal.
Increased trading volume during the rebound will add confidence to the bullish case.
Be cautious of consolidation below the support, as it may indicate further downside risk.
Risk management strategies:
Set a stop-loss below the support zone to manage downside risk in case of a breakdown.
Avoid over-leveraging and size your position according to your trading plan.
Keep an eye on broader market sentiment, as macroeconomic factors and altcoin performance can influence Bitcoin's movement.
This analysis is intended for educational purposes only. Always conduct your own research before making any investment decisions.
BTC Last Dance Before Starting the Correction PhaseBINANCE:BTCUSDT
COINBASE:BTCUSD
BTC can now reach 100K. Because there were many short positions near 100K after BTC reached this level, there is nothing to hold back BTC, so the price trend can stay bullish until it reaches the specified area. After that, there is a possibility of a price correction phase, and after all...
ALT SEASON
Also, don't forget to check out my previous idea on BTC; all targets were achieved.
BTC to $118K with Anticipated CorrectionBased on market trends, I anticipate a 10% to 20% correction. A shakeout of weak hands before the next leg up.
This correction should be viewed as a buying opportunity. Once the correction plays out, Bitcoin will resume its upward trajectory, ultimately reaching a target of $118,000.
Source:Trust me bro :'D
DYOR, see what happened during the last cycles and you'll see the opportunities.
Market Sentiment: Despite the overwhelmingly positive sentiment, a degree of caution and profit-taking is expected at these price levels.
Disclaimer: This is not financial advice. Investing in cryptocurrencies carries a high level of risk. Please conduct your own research and invest responsibly.
The 100k Club - 3 day Sell off WARNING
Who Are the 100K Club?
Let’s take a quick look at the four addresses that define this group:
Binance Cold Wallet #1
248,598 BTC ($24.6B)
Holding since: October 2018
Recent Activity: Minimal movement
Bitfinex Cold Wallet
156,010 BTC ($15.4B)
Recent Activity: -12,000 BTC over the past 7 days, -24,000 BTC in the last 30 days.
Robinhood Cold Wallet
136,775 BTC ($13.5B)
Recent Activity: +500 BTC in the past 30 days.
Binance Cold Wallet #2
199,914 BTC ($19.8B)
Recent Activity: -39,914 BTC over the past 7 days, -31,575 BTC in the last 30 days.
These wallets have historically acted as whale barometers—signals for accumulation and distribution phases in the market.
The Recent Sell-Off: A Warning Sign
Over the past 3 days, the 100K Club has withdrawn 50,000 BTC from cold wallets, distributing them across various exchanges. This movement represents a clear signal of whale distribution, as BTC moved from secure long-term storage to active trading environments.
Key insights from the recent sell-off:
Binance Cold Wallet #2 recorded a significant outflow of 39,914 BTC in just 7 days.
Bitfinex Cold Wallet saw a decrease of 12,000 BTC, indicating similar sell-off behavior.
Robinhood Wallet remains mostly stable, with a minor accumulation of 500 BTC.
The cumulative movement suggests that whales are likely preparing to offload BTC on exchanges—a pattern that historically leads to increased selling pressure and short-term bearish trends.
Market Implications
1. Potential Price Reversal to $85K-$90K Zones
Historically, whale activity aligns closely with key accumulation and distribution zones. Recent sell-offs could push Bitcoin back to its previous buyback levels around $85,000–$90,000, where whales historically re-entered the market.
2. Increased Market Volatility
A 50K BTC distribution over just three days introduces significant supply pressure, likely increasing market volatility as traders and institutions react.
3. What to Watch
Exchange Inflows: If these large BTC outflows from cold wallets flood exchanges, expect heightened selling pressure.
Volume and Key Levels: A drop to support zones around $85K–$90K could indicate a new buying opportunity, as whales historically use these levels for re-accumulation.
Actionable Insights for Traders
1. Monitor Exchange Activity
Track BTC inflows into major exchanges like Binance and Bitfinex. Spikes in inflows typically correlate with selling pressure and potential price dips.
2. Identify Key Support Zones
Use technical analysis to identify critical support levels, such as $85K-$90K. These levels have served as accumulation zones for whales in the past.
3. Watch for Whale Re-Entries
Once sell-offs subside, whale re-accumulation at key levels could signal the next bullish reversal. Keep an eye on increases in BTC_SPLYADRBAL100K, which indicate accumulation back into cold wallets.
Conclusion
The Bitcoin 100K Club sell-off is a clear signal that whales are repositioning their holdings, introducing near-term bearish pressure on the market. However, these sell-offs often lead to new opportunities as prices test historical accumulation zones.
For traders, this is a time to stay vigilant, track key metrics like exchange inflows and cold wallet balances, and prepare to capitalize on the next buying opportunity. With whales potentially looking to re-accumulate around $85K-$90K, this could be your chance to align with the market's biggest players.
Stay sharp, and as always, trade cautiously! 🚀
Bitcoin is Ready to Take Off!Bitcoin technical analysis update
Yesterday CRYPTOCAP:BTC price touched the broadening wedge support line and the previous major support zone at the $50K level. currently, the price is bouncing from this major support and moving towards the broadening wedge resistance. We can expect a gradual bullish continuation from the current level.
We could see a strong bullish move once the price breaks the broadening wedge resistance, potentially reaching $100K.
Swing and positional traders can enter a long trade in BTC with a stop loss set at $49,000.
Regards
hexa