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BTCUST trade ideas

Will Bitcoin’s Rally Continue, or Is It Time for Altcoins?Will Bitcoin Continue Its Short-Term Rally or Yield the Stage to Altcoins? The current market phase is particularly fascinating. Bitcoin (BTC) has maintained a consistent upward trajectory for several weeks, rising from $61,000 to $102,000. However, after this strong rally, BTC is now moving sideways within a wide range around $120,000. This range presents significant risks for traders, as stop-losses can easily be triggered in both long and short positions. Overall Analysis: BTC remains in a robust upward structure on larger timeframes such as the 3-month or 1-month cycles. However, on shorter timeframes like D1 and below, BTC is showing a lack of clear trend, either declining or moving sideways. In the short term, BTC is expected to make a push toward $105,000 before pulling back to $88,000. After this correction, it is likely to resume its growth in alignment with its larger cycle structure. BTC.D and Market Capitalization Outlook: Looking at BTC Dominance (BTC.D), it is expected to return to the 52%-53% range on the W timeframe. However, it’s important to note that total market capitalization (Total) continues to show positive growth signals. Currently at $3.57 trillion, the total market cap is anticipated to reach $4 trillion in the near future. This implies that a decrease in BTC.D might not significantly impact BTC’s price. At the same time, Total 3 (Altcoin Market Cap) is also on an upward trajectory. From its current level of $1.07 trillion, Total 3 is expected to hit $1.5 trillion soon. This strengthens the possibility of an Altcoin Season, as funds start flowing from BTC to altcoins. Proposed Strategy: In this context, when BTC undergoes a correction, investors should seize the opportunity to filter their portfolios, accumulate promising altcoins, and prepare to take profits as altcoins reach their peaks. This could be the golden moment to maximize gains from the market.
Long
by rainbow_sniper
Reaching $110,000 By the Year End Is Important for BTCUSD-Why?BTC's dominance is rising again, while the inclusion of MicroStratergy is expected to have a wider adoption, inviting more buying pressure. Meanwhile, the recent BTC price movements show that psychologically, people are finding it difficult to buy the token at $100,000. A strong squeeze on the BTC chart indicates the weakness of the buyers and validates the above claim. Therefore, the price is believed to chop around the levels for a while before going higher before the end of the year. What if the BTC price closes below $100K by the end of the year, how will the markets begin the 2025 trade? The short-term price action of BTC suggests the bulls are trying hard to keep up the bullish trend, mainly utilising all their strength to keep the price over $100K. The rally trading within the symmetrical triangle displays both bullish and bearish possibilities while the volume remains within a decent range. The price hovers in and out of the 50-day MA in the short term which has been a strong support at the moment. On the other hand, the RSI remains consolidated within a parallel channel since the start of the month. Therefore, the price is expected to maintain an ascending consolidation and reach the apex in the coming week. Besides, the bulls are exhibiting some more power compared to the bears which suggests the selling pressure may not hinder the progress of the rally. Therefore, the price is expected to test the ATH in the next 4 to 5 days which could also test the stability of the bulls. If they manage to withstand the bearish pressure at these levels, then a breakout from the pattern may enable the token to rise above $105K and eventually push the price above $108K to $110K by the end of the year. If the bulls fail to do so, then a similar drag below $98,000 may be expected. As long as the RSI remains within the range and the 50-day MA acts as strong support, then the possibility of a new ATH remains evident. Otherwise, a bearish start for 2025 could slightly delay the formation of new highs but cannot refrain as 2025 is expected to be a bullish year for the entire crypto space.
by sahanavv
BTC 1h updateAt 9 AM on December 13, the market established a balance. I'm anticipating the price to approach the resistance level at 100,480. At this point, we might experience either a false breakout or a genuine breakout. If a reliable upthrust occurs, it could present a favorable entry opportunity on the 5-minute chart. It's important to note that a spring pattern formed at the support level at 9 AM. Additionally, selling volume has been slightly lower than buying volume, and the approach to resistance has shown moderate strength. Let's remain patient and observe how the situation unfolds.
Short
by MrXade
BTCUSDT: Correction in Progress, Uptrend Likely to ResumeBitcoin has completed a five-wave structure to the upside, showcasing bullish momentum. Currently, the market is in a corrective phase. However, this correction appears too shallow to me. Ideally, I expect the price to retrace further to key levels around 98,500 or 97,500 before resuming its upward trajectory. These levels align with deeper Fibonacci retracements, offering a more robust base for the next impulsive wave. Traders should keep a close eye on these zones for potential reversal signals, as they could present favorable opportunities for long positions.
Long
by The_Traders_Memoirs