BTC Next Targets $100K ?BTCUSDT Technical analysis update
BTC's price has formed an ascending triangle pattern on the 1H chart and is now moving toward a breakout at the triangle's resistance. The 100 EMA acts as strong support for the ascending triangle. If the breakout occurs, the price could reach $100k in the coming days.
Btcusdtlong
#BTC/USD NEXT TARGET $135K but $69k Imminent!When Bitcoin broke below $60,854, everyone started calling for $48,000. At that time, I posted an update titled "Bitcoin is Fine, Don’t Panic!" on October 3rd, explaining that the drop was just filling the Fair Value Gap (FVG) and Bitcoin was heading toward $95,000. You can check the update here:
Again, on November 6th, when Bitcoin was trading at $70,504.60, I predicted a target of $95,000 after the U.S. elections. I even mentioned that the move would be quick, assuming Trump won the election. While I got trolled for this prediction, the update was based on a thorough analysis of market reactions during the last three U.S. elections. You can check that update here:
I honestly don’t understand what’s wrong with some people. The more they troll, the more conviction I gain in my charts. These aren’t random guesses—they are calculated speculations based on charts, events, market psychology, and fractals. Ironically, many of those who mocked me in the comments ended up buying Bitcoin at much higher prices.
This is not how crypto works. You need to keep things simple. That’s the biggest lesson I’ve learned in my 8-year journey in this space.
To keep it simple, Bitcoin’s current setup is not bearish. While some are calling for corrections, the technical indicators suggest otherwise.
1. Stochastic RSI:
The Stochastic RSI, a reliable indicator for timing local tops and bottoms with around 80% accuracy, is currently at 73. Historically, Bitcoin's local tops occur when the Stochastic RSI reaches 87 to 93. This indicates there is still room for upside before the market becomes overbought.
2. 21-Week Moving Average (MA):
Bitcoin is currently trading above the 21-week MA, which has historically acted as strong support in previous bull markets. This further supports the bullish trend.
3. Price Action:
Bitcoin will likely target $100,000 soon, potentially moving slightly higher. After this milestone, it may revisit $69,000, the previous all-time high, as a retest before moving toward $135,000.
Conclusion:
Combining a non-overbought Stochastic RSI and support from the 21-week MA suggests Bitcoin still has significant upside potential. During any pullbacks, keep an eye on $69,000 as key support and possibly the last opportunity to buy BTC and Alcoins.
Let me know what you think in the comment section and please hit that like button.
Thank you.
Analyzing BTCUSDT: Next Potential Breakout Zones - Bitcoin◳◱ On the $BTC/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests momentum building up for a significant move. Traders might observe resistance around 85635.01 | 90900 | 105565 and support near 70970.01 | 61570 | 46905. Entering trades at 90343.99 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Bitcoin
▣ Rank: 1
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Payments - Currencies
▣ Overview: Bitcoin is the first distributed consensus-based, censorship-resistant, permissionless, peer-to-peer payment settlement network with a provably scarce, programmable, native currency. Bitcoin (BTC), the native asset of the Bitcoin blockchain, is the world's first digital currency without a central bank or administrator. The Bitcoin network is an emergent decentralized monetary institution that exists through the interplay between full nodes, miners, and developers. It is set by a social contract that is created and opted into by the users of the network and hardened through game theory and cryptography. Bitcoin is the first, oldest, and largest cryptocurrency in the world.
◰◲ Technical Metrics :
▣ Mrkt Price: 90343.99 ₮
▣ 24HVol: 1,945,711,003.703 ₮
▣ 24H Chng: -0.456%
▣ 7-Days Chng: 13.30%
▣ 1-Month Chng: 34.19%
▣ 3-Months Chng: 51.53%
◲◰ Pivot Points - Levels :
◥ Resistance: 85635.01 | 90900 | 105565
◢ Support: 70970.01 | 61570 | 46905
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 6.34
▣ Last 90D: 3.62
▣ Last 1-Y: 1.91
▣ Last 3-Y: 0.51
◲◰ Volatility :
▣ Last 30D: 0.58
▣ Last 90D: 0.49
▣ Last 1-Y: 0.53
▣ Last 3-Y: 0.55
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is N/A
▣ In-depth BTCUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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Can BTC create new High?If BTC manages to close above 90930 on 1h chart then it can become bullish again.. It is Bullish in long term. see Fic levels for support and resistance levels.. along with other strong support levels.. Sat/Sun usually no volume so it remains sidways or trapping day. lets what happens tomorrow..
Don't Miss Out on BTC/USDT - Bitcoin.◳◱ On the $BTC/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 85635.01 | 90900 | 105565 and support near 70970.01 | 61570 | 46905. Entering trades at 90395.99 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Bitcoin
▣ Rank: 1
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Payments - Currencies
▣ Overview: Bitcoin is the first distributed consensus-based, censorship-resistant, permissionless, peer-to-peer payment settlement network with a provably scarce, programmable, native currency. Bitcoin (BTC), the native asset of the Bitcoin blockchain, is the world's first digital currency without a central bank or administrator. The Bitcoin network is an emergent decentralized monetary institution that exists through the interplay between full nodes, miners, and developers. It is set by a social contract that is created and opted into by the users of the network and hardened through game theory and cryptography. Bitcoin is the first, oldest, and largest cryptocurrency in the world.
◰◲ Technical Metrics :
▣ Mrkt Price: 90395.99 ₮
▣ 24HVol: 1,969,087,111.114 ₮
▣ 24H Chng: -0.354%
▣ 7-Days Chng: 13.27%
▣ 1-Month Chng: 34.16%
▣ 3-Months Chng: 51.67%
◲◰ Pivot Points - Levels :
◥ Resistance: 85635.01 | 90900 | 105565
◢ Support: 70970.01 | 61570 | 46905
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 6.34
▣ Last 90D: 3.62
▣ Last 1-Y: 1.91
▣ Last 3-Y: 0.51
◲◰ Volatility :
▣ Last 30D: 0.58
▣ Last 90D: 0.49
▣ Last 1-Y: 0.53
▣ Last 3-Y: 0.55
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is N/A
▣ In-depth BTCUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
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Bitcoin Macro Targets - 2025 peak is 110kThis is a look at the bitcoin weekly chart. The macro structure is very clear. We are already close to the top but with the support crypto is getting from government and wall street I think we can expect it to stay up in this area for another wave as shown on the chart. I am hoping for a massive Alt season in the first half of 2025 as BTC moves sideways after hitting 110k.
What do you think is going to happen? Do these targets look reasonable?
The information created is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
Alikze »» TRX | Wave 3 or C bullish scenarioIn time 2W, after an ascending wave and a double correction at the bottom of the channel, after successfully exiting the concentration, it is moving towards the specified targets. This upward wave is due to the structure in wave 3, whose micro waves will be presented in the next updates. But this upward move will have the ability to reach at least $0.58 and $1.2 in the long term. If no candlestick penetrates below 0.5177, this analysis will be valid for the specified purposes.
🟩Sup:0.097
⛳️Tp 1:0.177
⛳️ Tp2 : 0.58413
⛳️ Tp3 :1.23008
»»»«««»»»«««»»»«««
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Patience is LONGSo in this image, I hope that you can see the obvious. We have a wide range that we could potentially be trading from top to bottom until one side breaks. My idea right now is that we still haven't taken out the range low, which would also take out some of the liquidity wicks. I've also added the downtrending range to keep in mind and backup my thoughts that this could just be a correction for a bigger jump to the upside.
That's where I would look for:
A loss of that level
A reclaim ( possibly a swing failure pattern, ie, wick below and close above the lows )
A change of market structure
A long trade entry
This is assuming we come back down here, of course. If we don't, then we look for the top of the range for vice versa option or a continuation of this incredible bullish trend where we find support at the highs and continue on.
Always keep in mind that we may not get the SFP and the close back above the lows, this could take patience if we start to see a back test of them laws, and a loss of that level.
Losing BITGET:BTCUSDT.P $36,000 ish would look more bearish and we might even end up closing the CME gap below.
Just sharing some thoughts, so you are aware of the range that we're in. Sometimes I miss these things and they could be really great opportunities for both long and shorts until one side breaks.
This is not financial advice.
BTCUSD: Looking for Shorting OpportunitiesBTCUSD has recently experienced a significant rise. Just like gold, after a large increase, a correction is inevitable. Today, I captured some profits from the pullback. Going forward, during the market fluctuations, pay attention to the previous highs or the resistance zone after breaking the highs. If your account allows, you can consider shorting, but be sure to manage the risk carefully.
BTC AND TRUMP+ SUPPLY A HISTORICAL NEW ATH coming HELLO TRADERS
As i can see it time to join the trend BTC Volume is boosting in markets and nailed everywhere we can see technically fib retracement give us a clear view on chart the last dip was already taken and market continues its bull run as it was not like previous halving after dips but for bears it was a nice retracement of near 25000 points If we see geopolitical around the world and current BTC demand vs Supply and Governments and some big companies are accumulating BTC day by day US election will create a spike move in BTC to the given targets if TRUMP get elected Elon Musk is supporting TRUMP Campain with 400+ MILLION $ and watching graphically charts for voting showing a Trump winning rate is growing BTC attracting many other new investors in markets BTC Dominance growing if this happens technically its now breaking down trend line to the up side and holding support above the 60K which is a good sign also for continuations of bull run so don't miss the train we are still early make a proper search before taking any trade it's just a trade idea with good R:R Stay tuned for more updates
Think Outside the Box BTC! / Next staion 60-62KBINANCE:BTCUSDT
COINBASE:BTCUSD
Hello Dear Traders.
📝In this post I will track the BTCUSDT movements as long as it stays inside the Box.
The market has reached the end of its suffering range.
Until Monday, the price of Bitcoin can rise to the level of $61K-$62K.
After that, if the buyers support and the price breaks above the $63K level, the green scenario will be activated, and the price will return to the ceiling of the box.
On the other side, bearish resistance at the $61-62k level will push Bitcoin price down to the initial target of $55k and then $52k.
📡Please share the analysis posts.
💌Thanks for your support and energy.
BTCUSDT Breaks Free: End of Consolidation, Next Stop 100,000?Hey Realistic Traders, let’s dig deeper into the analysis of BINANCE:BTCUSDT !
In the weekly timeframe, Bitcoin is in a bullish continuation phase, potentially marking the start of wave 5. It has also broken out of a Descending Broadening Wedge pattern that formed over more than half a year, signaling the end of a prolonged consolidation phase. Such breakouts from extended consolidation often confirm a continuation of the bullish trend. Additionally, the MACD has shown a bullish crossover , indicating building momentum.
Based on these technical factors, we project a potential upside toward the target at 88,293. Upon reaching this level, a pullback to the green support zone of around 70,000 could occur before the price advances to a secondary target at 104,542.
This outlook remains valid as long as the price holds above the stop-loss level at 56,930.
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Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Bitcoin.
Bitcoin give us new chance to reaccumulateHello my dear friends I'm calling you friends because only real traders market fans would be here in this wonderful platform. Thanks to Tradingview team .
my though was happened in recent mount almost exact the same as I guess but in 70k zone something little bit different happened and that was fast rejection trough only 1H time frame.
I succeed to only sell 10% of my position in 69900 exactly.
now we are looking for buying more bitcoin and adjust the buying average price because we want to be in profit as soon as the price making GREEN candles.
from 57000-51000 this zone might be as same as 20000/26000 zone of the last year.
Bitcoin Bullish Q4 Ahead? Historically, when Bitcoin ends September in the green, Q4 tends to see strong bullish momentum. In years like 2015, 2016, and 2023, Bitcoin posted significant gains in October through December following positive Septembers. This pattern suggests that Bitcoin could be poised for another rally in Q4 2024 if history repeats, making it a favorable time for potential price surges.
Bitcoin weekly chart. A hint at how its price may head very soon
My understanding is that BTCUSD has already broken the breakout top-line of the weekly cup, it was a price at about 73,750. I could be wrong, but approximately correct. This means BTCUSD has broken out already.
This weekly chart of bitcoin contains the famous weekly head n shoulders pattern that first started forming back in 2021 or was it 2022? Either year is long enough.
In the chart you will also see a rising wedge on this weekly chart. Well bitcoin is climbing to the top right now and does not have far to go. USD might be very strong today so it may not be the session for Bitcoin, but Bitcoin is so resilient to the USD that anything is possible and BTCUSD moves fast when it wants.
Price will bounce out of the top of wedge and become independent to formations, before it makes a short retrace and then heads over the critical area which is the Cup top-lining. This will probably happen very quickly but there should be a retest of the breakout zone.
Also, you want to view the price action on a very low time frame, like 1m to 5m. There will probably be a bullish rising wedge that price also moves in before separating and breaking out.
Good luck.
BTCUSD Defying a further pullback. Too bullish at Mid 75k
Bitcoin BTCUSD took a normal day of retracement in earlier trading (Asian & Europe Session), but it's recently made a move upwards, which prompted me to check the intraday charts and it looks like the climb will continue today. Mainly on momentum the past couple of days and of course there is that break of the March high, which reminds the pullback earlier today was probably to test this break of a previous high by new price.
$BITCOIN Analysis: The market retreats, Ignoring the good news?My answer to the topic is that MARKETSCOM:BITCOIN might have a short-term pullback from technical analysis.
BITSTAMP:BTCUSD soared 9% yesterday since Trump won the presidential election. And then, it be rejected by the resistance level of the bullish channel upper edge.
Therefore, the price might continue to go up after a short-term pullback. And the support level for this pullback could be previous high area.
🔍 Bitcoin Halving 2024: Unraveling the Next Big Rally🔥CRYPTO:BTCUSD
BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders.
With only 17 days left until the monumental #Halving2024 event ⏳, the anticipation within the crypto community is palpable. Bitcoin ( CRYPTOCAP:BTC ), the trailblazer of cryptocurrencies, is already trading above its All-Time High (ATH), signaling a market that is ripe with optimism. But the real spectacle? It's just on the horizon.
65K is my ideal support for further corrections.
Follow me for more insights ... 🚀🌕
📈 What to Expect?
Historically, Bitcoin undergoes a halving event every four years, a process that cuts the mining reward in half. This deflationary mechanism reduces the new supply of Bitcoin, potentially leading to an uptick in price as demand continues to rise against a limited supply. The aftermath of past halvings has witnessed substantial rallies, and the question now is, not if, but how high will CRYPTOCAP:BTC soar post-Halving2024?
🔑 Key Insights:
Our analysis delves deep into the historical data, comparing pre and post-halving market behavior. The patterns observed suggest a 'wild mode' activation for Bitcoin, often kickstarting a major bull run. But what makes this halving event different? With CRYPTOCAP:BTC already above its ATH, the stage is set for unprecedented growth. 💹
🧐 The Break Point:
The Halving Event is often regarded as a Break Point for Bitcoin, a transformative phase that catapults it into a new valuation territory. Our projections, rooted in sophisticated economic models and historical trend analysis, point towards a bullish explosion that could redefine market expectations. 🌐
📊 Strategy for Investors:
The countdown to the halving is a critical period for investors. Being early in accumulating CRYPTOCAP:BTC and altcoins could position you advantageously for the impending rally. Our advice? Don't wait for the market to move post-halving. The opportunity is now. Accumulate, diversify, and prepare for the ride of a lifetime. 📈
💥Be Part of the Revolution:
#Bitcoin's halving is not just an event; it's a testament to the resilience and revolutionary nature of cryptocurrencies. Join us as we navigate through these exciting times, armed with data-driven insights and a community of passionate investors. Whether you're a seasoned trader or new to the crypto space, now is the time to be part of something extraordinary. Let's embrace the future, together. 🚀🌕
#Halving2024 | #BTC | #CryptoRally