Get started

Bitcoinforecast

BITCOIN - STRUCTURAL SHIFT AMID CORRECTION & LIQUIDITY TESTSymbol - BTCUSD CMP - 1,05,634 Bitcoin is experiencing a recovery following a liquidity sweep in the 1,00,000 zone. Despite the broader bullish trend, the local technical outlook remains mixed. Bitcoin is currently undergoing a shift in market structure, with a change in character observed around the 1,06,700 level and a breakdown of the bullish structure at 1,03,000 during a corrective phase. This downward movement is testing liquidity beneath the 1,00,700 support zone. Several factors contribute to the ongoing liquidation: notably, the unexpected market reaction to tensions between Donald Trump and Elon Musk, and the liquidation activities of large holders (whales), which appear to be repeating historical patterns. While traders are actively buying back Bitcoin, the overall market structure remains technically bearish. Locally, a downtrend is present, and a countertrend move interpreted as a form of 'liquidity hunting' is currently developing. A key area of interest lies between 1,05,900 and 1,06,700. The initial retest of this zone may result in a false breakout due to insufficient momentum for sustained upward movement following the strong buyback. Resistance levels: 105900, 106720, 110400 Support levels: 103000, 101400, 100,000 Following a correction from the 1,05,900 level, which may target the 50% retracement of the recent trading range, the market could potentially re-enter a bullish phase, provided buyers manage to maintain price levels and prevent a drop to new local lows. In the short term, a decline from 1,05,900 to 1,03,000 is anticipated. However, if the price subsequently recovers to the 1,05,500–1,05,900 range, there may be an opportunity for further upward movement toward the 1,10,000 level.
BINANCE:BTCUSDShort
by akshit_official
BITCOIN - SYMMETRICAL TRIANGLE FORMING WITHIN A BULLISH TRENDSymbol - BTCUSDT Bitcoin is consolidating. A symmetrical triangle pattern is forming within the context of a prevailing bullish trend. Based on the current technical setup, it is reasonable to interpret this consolidation as a preparatory phase for a continuation of the upward movement. Fundamental nuances have gradually improved over recent weeks, contributing to a moderate revival in the cryptocurrency market. From a technical standpoint, the market structure on the daily chart appears constructive. Following a period of strong upward momentum, the price has entered a consolidation phase rather than showing signs of reversal. The overall market remains bullish. After approximately 2–3 weeks of consolidation, a bullish distribution pattern appears to be developing. This cycle has repeated on two previous occasions. On the daily timeframe, the presence of extended lower wicks during the consolidation phase suggests that large market participants (whales) are actively absorbing downward pressure, thereby preventing the price from entering risk zones. Accordingly, it is likely that the current consolidation could persist for a time, and there remains the possibility of a retest of the triangle’s lower boundary or even a deeper move to test the liquidity zones around 1,01,400 and 1,00,700 before resuming the upward trend. Resistance levels: 1,03,600, 1,04,400, 1,05,000 Support levels: 1,02,500, 1,01,400, 1,00,600 A downside scenario may be considered if the price breaks through the triangle’s lower boundary and stabilizes around the 1,01,400 level, potentially forming a pre-breakdown consolidation-assuming no immediate rebound follows. However, at present, intraday trading strategies can be considered within the range of the ongoing consolidation. A breakout to the upside and continuation of the bullish trend would likely be signaled by consolidation within the 1,03,500 to 1,05,000 range, accompanied by price compression toward the upper boundary.
Long
by akshit_official
1
BITCOIN ON THE MOVE - BULLS IN CHARGE OR A TRAP AHEAD?Symbol - BTCUSD CMP - 96000 BTCUSD has reached a new local high of 97900. The overall market structure remains constructive. However, its sustainability continues to be influenced by macroeconomic fundamentals and the performance of the S&P 500 index. Recent gains have been supported by improvements in the US tariff landscape and the ongoing stabilization of US-China relations. Bitcoin's rally was further reinforced by the concurrent rise in the SPX 500, with which it maintains a relatively strong correlation. During the second half of this week, BTCUSD broke out of a two week consolidation phase, surpassing the resistance level at 95500 and establishing a new local high. A corrective movement is now developing within the confines of the existing upward channel. The 95000 level represents a key liquidity and risk zone. If bullish momentum sustains above this threshold during a potential retest, the upward trend is likely to persist in the short to medium term. Conversely, a decisive break below 95000 may lead to a deeper decline toward the 92000–88000 range. Resistance levels: 97425, 99475 Support levels: 95500, 92000 Market attention is focused on the 95500 support level, beneath which a significant liquidity pool has accumulated. Continued growth may result from a retest-induced rebound or a market imbalance favoring buyers. However, caution is warranted as upcoming economic data releases may significantly influence price action. Important note: A return to the sell zone below 95000–95500, accompanied by an inability to sustain upward momentum, could lead to a broader correction and potential liquidation events.
BINANCE:BTCUSDLong
by akshit_official
BITCOIN SHOWING RECTANGLE PATTERN BREAKOUT BEARISH SEPTEMBERBITCOIN SHOWING RECTANGLE PATTERN BREAKOUT BEARISH MONGTH SEPTEMBER In day timeframe chat a rectangular structure is showing on bitcoin And it’s already breaked the rectangle support zone So according to the data the current structure showing The overall September market should must be bearish due to Technical analysis The fall should be a huge fall It must be 13000 point fall due to The support zone at 43.700 So invested and trader be ready a huge fall is going to occur soon in bitcoin
CRYPTO:BTCUSDShort
by tradergyan01
2
Green or Red February for Bitcoin?After a massive bear run, BTC holders saw an almost 40% gain in Bitcoin price in Jan 2023 pushing the fear and greed metric into the “ Greed ” zone. After a strong rally in January, what is next for Bitcoin? In the last 8 years, we have seen a green February for Bitcoin except in Feb 2020. Thus, we expect 2023 February to be a green February for Bitcoin. Price is above its 20 and 50 EMA on a daily timeframe and is currently hovering near its support at 22800 with the next resistance at 25100. If the price breaks this support, the next support can be found at 20-EMA. On a daily chart, there is a formation of RSI divergence which is a bearish signal although, we need to keep an eye on other metrics too. On a 2- hour timeframe, price has fallen below 20 EMA which is also acting as resistance and 50 EMA acting as support. Moving Average Convergence Divergence (MACD) line has crossed the signal line indicating possible price correction.
by Prachi3009
1
Bitcoin Going towards 10K ! Find out the next move of BTC NOTE- Watch My Previous Article if you want to know about Previous TP & SL in BTC Perpetuals Let's move further and analyse the current chart ,so as u guys can see i have plotted some key levels as mentioned below ... A trendline which is acting as resistance ATM A sideways Channel that indicates sideways move on the chart Our Last TP as mentioned in the previous article SCENARIO NO 1- So basically we are moving sideways ATM and we might see a huge red candle on the chart if 1 HR candle closes below our TP of $16463 (that will be our road towards 10k ) SCENARIO NO 2- Here if we break our sideways channel towards upwards direction and somehow if we manage to cross $16878 , and if we break our resistance trendline and 1 HR candle closes above that ,then only we might see a relief rally towards 18,000$ again (less probability if we look at larger timeframe) MY Personal TRADE IDEA - Open a SHORT position at $16463 , and put a SL at $16898 and TP will be 100% ,200%, 300% ...... 1000% in Short term (only for leverage above 20x)
Short
by born2tradecurrencies
Want to see double top reversal ==> Here it is Bitcoin!!!!Double Top in Bitcoin Crypto market has shown bull and bear cycle in very short span of time. From rising from 10000 usd to 69000 usd and from 69000 usd to 16000 usd in span of around 2.1 years I think it is fastest reversal of any new tradable market. Double top means making almost two equal highs and failure of bull to make new high while bears pressure of continuous selling makes this pattern. Neckline is where bitcoin has taken support as seen in chart. Generally target from top to neckline is expected in double top. Let us see whether bitcoin makes new low from now to reach target as marked in chart.
CME:BTC1!
by Darshan_Panchal