Bitcoin 1D Commentary and Bull Run Technical Analysis - Bitcoin is currently trading at 99,779$
- Bitcoin kept behaving choppy and the Price Behaviour was very sluggish in January
- We saw BTC printing a candle 4000$, which helped BTC cross 100,000$ after a long time.
- Coming back to the current Price Action of BTC we are currently trading at a crucial zone and if we flip a weekly candle close above 102,686$ then the Market structure will change to Bullish
- However, if we do not close above 102,000$ then we can see BTC revisiting 85,000-90,000$
- Trump's inaugural is due next week and will bring in a lot of volatility.
- I am leaning more on the Bullish side, however, if we don't see supporting Macros then we might have a rough time chopping out and getting distributed the whole month.
Bitcoinprice
BTCUSD updated viewA resistance zone was created on BTCUSD at the 99113 - 99944 level.
Also at the same level from top to bottom one resistance trend line shows strong resistance in that area. while looking at the HNS pattern in RSI on a closing basis and both the resistance zone and trendline we need a strong closing above the zone with the trendline breaking, then we can see the bigger target in BTCUSD.
otherwise, BTCUSD will take the resistance from the trendline and zone and can see the support level again.
I already shared what-if support level breaks.
**Scenario for BTC**1️⃣ **Fundamental analysis:**
📊 Nonfarm data last weekend was good for the USD and impacted the interest rate cut policy. It is likely that we will have to wait until June for the next interest rate cut.
📉 Current market sentiment is affected by this information, plus the recent sharp increase in BTC price has made many people doubt the momentum to continue to increase to a higher price range. Therefore, the increase has temporarily slowed down.
2️⃣ **Technical analysis:**
🔹 **Week frame:** Last week closed not very optimistically when the price reacted badly at the resistance zone of 101k~104k.
🔹 **Frame D:** The price structure is also not good when there are 2 peaks with the latter peak lower than the previous peak. The price is approaching the support zone but there is no clear reaction, it is likely to adjust to a lower support zone.
🔹 **H4 frame:** Based on the Zigzag line, we can see the classic head-and-shoulders pattern. At this time, we should not catch the bottom when the price has created a lower peak, showing that the market sentiment is no longer interested in the possibility of BTC's price increase.
3️⃣ **Trading plan:**
✅ If you have a **SELL** order in a good position, congratulations! 🎉 You can absolutely wait for a better profit when BTC is likely to break the current support zone to reach the next support zone of 85~86xxx.
⛔ **Absolutely do not BUY** at the present time, when the price structure shows a short-term downtrend.
💪 **Wish you successful trading!** 🚀
BTC - At Support once againAfter touching earlier predicted first target of 102 price has fallen more than expected and holding at previous proven support levels. In my view BTC is once again at support and some fresh buying or accumulation is visible. For whatever reason price could dance for big players to buy more at support levels. Its popular idea to buy back whatever was partially booked at 102 levels. we cannot avoid this and we might see partial selling above 102K again and buying below 97K. Higher the price move up most will keep booking profits and more the price move low more buying is the trend now. Jan is the month we are waiting for banana spike to take price to 125 or above. Hope it happens once new president takes charge in office. As days near to this even I expect more bullish move in BTC. I do not see WW3 in Jan 2025.
Bitcoin YEARLY CLOSE and OPEN
A Very simple chart that shows us all how early we aer in this, even if you are only joining in now.
I'll keep it simple because I am still slightly Fragile after last night lol
Anyway, The chance of a RED 2025 is slim if we go by previous years. This should be a Bullish end of Cycle.
But I will say, we have NO guarantees in this game and the Field has changed considerably BUT, I think, for the better in many ways.
So, Lean back and if PA Drops Early this year, do not worry, it is highly likely to rise a lot higher.
$BTC Price Forecast: $75K, $85K, or $108K?Currently, I see three potential scenarios for BTC:
1. BTC is forming lower highs and may retest the previous resistance around the $108,000 level. After that, it could pull back to the $100,000 area before making a new all-time high.
2. BTC might retest the $90,000 level and then move upward. Alternatively, if it loses support at $90,000, it could drop to $85,000 before starting an upward trend.
3. In a worst-case scenario, BTC could undergo a significant correction, dropping as low as $75,000.
BITCOIN NEXT POSSIBLE MOVE (30 MINUTES CHART ANALYSIS)This article analyzes potential future price movements for Bitcoin. My analysis indicates that a breach of the $94,000 support level would likely trigger a downward trend, with the next support level anticipated at $92,500.
Note: I am not a certified trader. Use this analysis on your own risk.
BTC - Up or Down ? Its going up !!!BTC has taken support at lower side of the megaphone, went up in first wave and has come down for second wave and very clearly taking support at Fib level of 61.8 as shown in chart which indicating any time third wave will start which will take BTC to 102. 104 and 108 in the impulsive up move. Movement of BTC is Bullish, movement is slow due to low volume may be due to holiday season. In less than a month with new Govt in US, BTC is positioned to move up and surely not a Sell for sure. weak hands in very very small qty is only seen in volume indicator while moving down. Stay safe in Buy side with enough margins like Mountain strong and new high is coming.
Bitcoin - testing Support again at 93KBTC is still in megaphone pattern and once again testing the lower side of the pattern for confirmation of the support. if this second time holds good chances of BTC to make more upside moves Bitcoin and all other cryptos are very volatile, risky and great profit giving asset to be bought for short, medium or long term great profits. For trading one need to have enough margins to handle any volatility. For trading use only 40% for taking positions and use 60% to hold for any volatile movements.
BTC - 102, 104 ?In my opinion BTC is still Bullish and expecting a parabolic up move anytime soon. one news or other coming and loose hands booking profits while big hands slow silently buying and not in a hurry. In chart shown the false breakout of resistance line which I think is for grabbing liquidity.
Still price is inside loudspeaker lines price will keep rising and falling till anyone of this line breaks.
Bitcoin Bullish Setup & Volatility Commentary - Bitcoin is trading at 101,702$
- Economic Calendar always helps you refine your bias and understand how the expansion is going to be 90% don't even put stress on this.
- Technically the whole Flash Crash got bought back and what does this depict think psychologically we are witnessing demand whenever BTC dips
- All eyes are on the weekly closing of Bitcoin. If we close above the recent ATH, or above $102,000, it's going to be easy for us to purge way higher.
- While on the downside we can soon see 77,000-84,000$ and that's going to rebalance the price and help to structure become more stronger and valid.
- Manage risk and trade carefully instead of looking for Bitcoin Spot accumulation Ethereum is offering a better Risk to Reward
Bitcoin Bull Run Weekly Update & Commentary - Bitcoin is currently trading at 100,300$
- Bitcoin had a very volatile week where we saw Bitcoin purging 104,000$ and then flash crashing to 90,000$ and after that, we saw another expansion to 98,000$ this showed buyer's interest and limit buys were quite high which pushed the price higher in no time
- Bitcoin was overheated and this flash crash also helped the market to throw high-leveraged traders out of the market resetting the Funding rates
- Technically I see Bitcoins weekly closing is going to very important to understand the coming weeks we need a weekly closing above 100,00 to keep the momentum strong
- Important POIs are going to be 89,000$ and 77,000$
- If you are already holding BTC you can think about locking in 20% gains and rotating the same in ETH, Imo ETH will outperform BTC in the 1st quarter of 2025
BitCoin: A new Move about to start.BitCoin has been consolidated for the last 6-8 months in a channel shown in the graph.
As per prediction it is about to break that range and will move towards new and higher highs.
As per the chart and pattern structure in this current move it can go up to 100K easily and more above levels will be unlocked after that
SL must be 56k.
Targets 100k - 120k
Time range 8-10 months
it does not constitute and cannot replace investment advice. We therefore recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
Bitcoin going to complete this head and shoulder pattern in Bitcoin at a Critical Juncture: Support or Head and Shoulders Formation?
Bitcoin is currently at a pivotal level, testing the neckline of a potential head and shoulders pattern. Here’s what traders should watch for:
Scenario 1: Bounce from the Neckline (Bullish Case)
If Bitcoin holds support at the neckline, we could see a strong rebound.
A successful bounce might lead BTC to retest resistance levels, potentially paving the way for a rally.
Key levels to watch:
Support: $96800 (neckline)
Resistance: $98100
Scenario 2: Breakdown and Completion of the Head and Shoulders Pattern (Bearish to Bullish Case)
If Bitcoin breaks below the neckline with strong volume, the head and shoulders pattern will likely play out.
This could trigger a further decline to the measured move target, offering a possible buy-the-dip opportunity at lower levels.
After completing the pattern, Bitcoin may regain momentum and resume its uptrend.
Key levels to watch:
Support : 94800
BITCOIN AGAIN Monthly BrackoutLast time the bitcoin monthly chart break out the price is going in the 277% this time again monthly chart break out. I think this time bitcoin give more return to the previous time.
But this is not the cup of the tea in Indian investor because huge tax in the crypto curreny. Enjoy Americans
Bitcoin analysis History will repeat itself bitcoin going to crash till 40000$ as bitcoin always drop 80 to 60% of its present value and there is no other momentum is there to bitcoin will hit 1lac $$$$ bit event already ended and halving us elections etf and investments from giants from other hedge funds simple logic is bitcoin hardly go above 92 thousand as need more heavy liquidity to push above 1lac$ as of now in my opinion and analysis and experience with bitcoin from last 8years bitcoin will crash till this 2025 nov and 2 year of cycle will repeats as sideways to take all the liquidity from the market and big crashes in bitcoin. the era on as investment and taking profits 2x 5x in bitcoin is already end here and this asset will be stable for day trading and swing trading for upcoming 2 to 5 years.
Check other coins and make 2 to 10x on low to high risk avoid buying at news now hype already end
Bitcoin Bull Run Setup and Retracement Areas - Bitcoin is currently trading at $75,973.
- Donald Trump's victory in the elections is considered great news for crypto traders and investors.
- Many believed that the market had already priced in a Trump win; however, on election day, Bitcoin reached a new all-time high (ATH).
- Bitcoin has created small imbalances and fair value gaps with this recent surge. The $70,514 level appears to be a crucial zone we may revisit soon.
- From an investment standpoint, it's advisable not to rush in; instead, wait for the market to retrace before deploying capital.
- You can place limit spot buys in the range of $70,500 to $72,000.
- Wait for Bitcoin to drop back to the $70,500 level for swing trading.
- Altcoins are still yet to show their impulsiveness, meme coins, RWA, depin, AI are some cryptos that showed good parabolic signs
- Manage risk and wait for a DIP