Bitcoin: 74k-72k Line in the Sand!Hello everyone!
First of all happy international women's day to all the ladies out there! (Don't forget to get flowers guys)
Bitcoin is approaching a key area
with extremely strong support, but several indicators also mark the line in the sand for the current bullmarket for Bitcoin.
Weekly
- Fib: 38.2% of the complete trend retracement (15.5k - 109.4k)
- MA: 50 SMA (75.4k)
- S/R: 70k-74k Strong supply/resistance area
A consistent pattern emerges on Bitcoin's chart: breaks below the 50-week SMA (black line) after an all-time high (red arrows) have reliably indicated bear markets. Similarly, reclaiming the 50-week SMA (green arrows) has historically confirmed bull runs toward fresh all-time highs.
3D
- Fib: 61.8% of the retracement from previous range low to current high (49.5k - 109.4k)
- MA: 100 SMA (77k)
On the 3-day chart, the 100 SMA has acted as strong support during this bull market. Bitcoin revisited the moving average on 5 individual occasions and bounced off it. Despite briefly closing below it twice, BTC quickly reclaimed it with the following candle.
A potential correction to $70,000 is possible for Bitcoin. To maintain the bull market, it's crucial for bulls to find support there and drive the price back above the 3-day 100 SMA and the weekly 50 SMA.
Happy trading!
Pat
Bitcoinusdt
BTC CME GAP
- A new gap was created this weekend on the CME.
- BTC's price is higher there, which is typical.
- A gap isn’t always filled; while many do eventually close as prices retrace, it’s never guaranteed.
- This isn’t a price analysis, but rather an alert to monitor the gap.
- I’ll add my previous gap analysis in the comments.
Happy Tr4Ding
#Bitcoin at a Crossroads: Is a Reversal or Just the Beginning?BYBIT:BTCUSDT.P is once again in the spotlight! The market is at a crossroads, and Bitcoin is deciding its next move. Recent weeks have shown volatility: sharp swings, battles for key levels, and attempts to hold critical zones.
💡 Key Metrics:
✔ Current Price: $95,472
✔ ATH: $109,356
✔ RSI: 45 – no clear overbought or oversold signals yet
✔ POC (Point of Control): $95,732 – we are near a major liquidity zone
🔥 What’s happening with #BTC?
Bitcoin previously tested the $102,000 area, but sellers took control and pushed the price down. BYBIT:BTCUSDT.P is now trading at a strong support level with high liquidity, making this zone crucial for future movements.
If BYBIT:BTCUSDT.P holds above $95,700, we could see a retest of $102,500 and higher. However, a breakdown below this level could lead to a move toward $92,000 or lower.
📉 Current Situation:
➡️ BYBIT:BTCUSDT.P continues testing the key $95,732 level, which serves as the POC (Point of Control) – the area with the highest liquidity and the most concentrated orders.
➡️ The price is consolidating at the lower boundary of the strong support zone $92,700 - $95,700. This level has held multiple times, but bearish pressure is increasing.
➡️ Resistance at $102,500 - $104,000 remains a crucial barrier for recovery.
⚡ Possible Scenarios:
📉 Bearish Scenario (Breakdown Below):
🔴 If BYBIT:BTCUSDT.P breaks and holds below $92,700, further downside movement is likely:
✅ Target 1: $88,000 – a previous area of strong buyer interest.
✅ Target 2: $84,500 – a critical support zone where a strong bounce may occur.
✅ If selling pressure continues, the next major support lies around $80,000.
📈 Bullish Scenario (Reversal Upwards):
🟢 If BYBIT:BTCUSDT.P holds above $95,700 and breaks $100,000, a strong upward impulse may follow:
✅ Target 1: $104,000 – the nearest key resistance.
✅ Target 2: $110,000 - $112,000 – an area where new local highs could be formed.
✅ A breakout above $115,000 would open the way for testing $120,000.
📌 Bitcoin is currently in a high-risk zone, where any move could trigger a strong breakout.
📌 For traders: Be cautious with short positions, as the $92,700 - $95,700 zone could induce a bounce.
📌 For long-term investors: Watch the price reaction at $92,700 – if this level holds, it may be a strong accumulation point.
📌 Risk Factor: If BYBIT:BTCUSDT.P breaks and consolidates below $92,700, bearish momentum could intensify, leading to further declines towards $88,000 and below.
🚀 # BYBIT:BTCUSDT.P is at a crossroads – be ready for a big move!
BITCOINUSD TECHANICALL ANALYSIS FOR H1 (READ CAOTION)hello trader's. what do you think about bitcoinusd
current price: 105000
Today BitcoinUSD Just Touch The Last High Area 105700 We See Some Retestmint in BitcoinUSD it can be good Retest in BitcoinUSD Now we Have H1 Channel Pattern So bitcoinusd going to toching Resistance zone 106500 then bitcoinusd Fall Down side to Support 101500 then expected 97500
support 95500.94500
resistance zone. 10580o . 107000
please like comment and follow
BTC - ONLY LEVELS THAT MATTER. BLOCK OUT THE NOISE Look at these levels and memorize them. Do not get shaken out. We have not topped. If we fail to hold 90k, cut losses and try again at 85-87k. Final support to keep bullish structure is at 75k but there's an incredibly small probability of that playing out. Save this chart and keep leverage low.
Daily Market Review and Analysis for BTC: January 2, 2025#BTC (1h)
The cryptocurrency market capitalization rose by 2.74% over the last 24 hours, BTC dominance fell by 0.6%.
#Bitcoin continues its local uptrend, which is especially clearly visible on lower timeframes (up to 15 minutes). In particular, the price of the first cryptocurrency continues to periodically rebound from trend liquidity, which indicates that the liquidity pool will soon reach the level of $97,544 and then roll back to the area of $96,200.
This scenario will be relevant if the price consolidates with the body of the hourly candle below $95,924. But as mentioned above, now the most realistic scenario is to take the liquidity price at $97,544.
As for the global scenario, BTC is in a bullish cycle and the primary target in the medium term is the buyers' liquidity level (BSL) at $99,963, where the price is likely to fall for the sellers' liquidity (SSL) withdrawals at $90,500 and $88,722.
Bitcoin 1D Pitchfork & Correlating Tops Where To Next For $BTC Basic little draw up from now just checking market sentiment with the MACD providing great analytical insight into where we are NOW and were we were MID bull run from $75k ATH to $109k. See the bearish MACD over the ATH of 75k and the same over the 109k ATH. We are back to zero on MACD we should see small dips or sideways movement but more volatile as price is higher. It will always seem more volatile as %s of BTC price are larger. So 10% drop or gain now on $93k is $9.3k where when 1 CRYPTOCAP:BTC was 9.3k 10% drop or gain was only $930! Yes same % loss or gain but more capital required to make or loose hat 10%. Still you can always order less but this is just a sentiment driver when you look at the % math of now and back in the day even 4 years ago or pre covid.
Currently we sit at $93,250 USD at time of writing. Up from the down turn to $91k. IF we keep the market moving up growing and more $ flow in to longs and or buying bitcoin the better.
I think also as its in a DIP phase people WONT be selling who brought in at or between 50k-80k. At least I wouldn't be. Even if it goes to any price pre Covid so under 25k~ This will take a while to occur with many chances to exit before or you will see much increase from where we are now.
The market sentiment is good. Its down but its still dominant and will be for another 10 - 100 years plus. It's almost perfect and the coins doing other things BTC can mostly achieve but in directly. However it is no1 and will stay that way for some time.
Love you Holders let us know you thoughts on this projection to upward of $200k within a few 6 months ?
Not finical advice I trade on my own and use my own methods the post here isn't method to trade its just an assumption of what could happen with little degree of success. Thanks for reading!
BTC Targets in 2024 & 2025As per fib tool, we can assume that BTC might hit these fib levels in this year or next year.
1.618 (102075.56)
2.618 (155599.53)
3.618 (209123.50)
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
BTC/USDT ! HOUR DESCENDING BROADENING WEDGE LONG TARGET 105KIn this idea I have a clean descending broadening wedge that is about to take off to 105k. Target is clearly marked and should hit that no problem. If you agree throw me a like and follow me for more setups that keep you in the money. Much love - ND
BTC / USDT: Bouncing back strong from key support BTC/USDT: Bouncing Back Strong from Key Support
Bitcoin (BTC/USDT) is showing resilience 💪 as it rebounds from a critical support level, signaling potential bullish momentum ahead 📈. This key level has previously acted as a launchpad for strong upward moves, and the current price action hints at a similar scenario unfolding 🚀.
Key insights:
1. Strong support zone: BTC has bounced off a well-established support area, reinforcing its importance as a demand zone.
2. Momentum shift: Indicators like RSI and MACD are turning upward ⚡, hinting at renewed buyer interest.
3. Volume increase: Early signs of increasing volume suggest that bulls are stepping back into the market 🔥.
Steps to confirm the uptrend:
Watch for a clear 4H or daily candle close above immediate resistance levels 📍.
Monitor trading volume; a surge in volume during upward moves strengthens the bullish case 📊.
Look for higher highs and higher lows on the charts to confirm a trend reversal 📈.
Risk management strategies:
Set a stop-loss below the support level to limit potential losses 🔒.
Scale into positions gradually as bullish confirmation develops 🎯.
Avoid overleveraging; position size should align with your overall trading plan ✅.
Important note:
This analysis is for educational purposes only and not financial advice. Always conduct your own research (DYOR) 🔍 and trade responsibly.
Bitcoin | First Line of DefenseBitcoin's first line of defense lies within the blue boxes, marking potential areas of interest. However, there are currently no significant demand zones, making it more prudent to wait for upside breakouts on lower timeframes before considering a buyer's position.
Given the uncertainty around the depth of the ongoing correction, it's wise to maintain some cash reserves to adapt to market movements effectively. Patience and careful observation will be key in navigating this phase.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active
100K The Countdown Begins- We are so close.
- To every Bitcoin holder who has weathered the highs and lows, celebrated the peaks, and endured the troughs—remember, you are not just an investor.
- You are a believer in a decentralized future, a pioneer of financial sovereignty, and a guardian of the idea that true value transcends borders, governments, and time itself.
- Holding Bitcoin is not merely holding an asset; it’s holding a piece of the revolution that will shape generations to come.
Keep the faith, for the future belongs to those bold enough to believe in it.
Thank you to all my followers for constantly inspiring me to share more analyses. Your support means the world—love you all!
PS : This isn’t an analysis. it's a heartfelt congratulations!
Happy Tr4Ding !
Orange Breaks, We Fly. Blue Falls, We Dive. The chart highlights two critical regions, each playing a pivotal role in determining the next trend direction for IBIT Bitcoin shares:
Orange Box - Key Resistance Zone
The orange box represents a crucial resistance area. For the rally to sustain momentum and push higher, this region must be decisively broken and secured. A close above this level, coupled with strong volume, would indicate the bulls are in control, signaling a potential continuation of the upward trend.
Blue Box - Key Support Zone
The blue box acts as a significant support level. Should the price fall below this zone, it would suggest weakness in the market. A confirmed breakdown, followed by a retest of the orange box from below, provides an opportunity to take a short position, as this would signal the onset of a downtrend.
Conclusion:
These zones are pivotal for the current market structure. Traders should closely monitor price action around these levels to identify whether the market leans towards bullish continuation or bearish reversal.
Bitcoin Analysis: Two Key Demand Zones for Potential Bounce
Bitcoin's price action currently hovers near critical areas of demand, suggesting two zones where buyers might step in to push prices higher. These zones represent areas of significant historical interest where demand has previously outweighed supply, potentially leading to a bounce:
Demand Zone 1 - Immediate Support:
This zone lies between $93,420 - $95,000 where Bitcoin recently found support during its last pullback. It aligns with a high-demand area on the chart, characterized by a cluster of previous rejections and consolidations. Buyers may look to defend this level as it coincides with key technical confluences, such as previous swing lows and trendline support.
Demand Zone 2 - Deeper Support Level:
The second demand zone is located between $91,850 - $90,800 marking a region where significant buying pressure previously triggered strong upward momentum. This zone is reinforced by a high-volume accumulation area and aligns with a critical Fibonacci retracement level. If the price dips to this region, it may attract long-term buyers aiming to capitalize on lower prices.
Key Considerations:
Price Reaction: Monitor how Bitcoin reacts as it approaches these zones; wicks and sharp rejections could signal strong demand.
Volume Confirmation: Increasing buy-side volume near these zones will validate the strength of the demand areas.
Risk Management: A sustained break below these zones may invalidate the bullish thesis, so stop-loss placement is crucial.
These demand zones serve as key levels to watch for potential reversals, offering strategic entry points for traders looking to capitalize on a possible Bitcoin bounce
If you're looking for the most accurate and reliable insights into Bitcoin's price action, my analysis is second to none. Follow my updates for consistent, actionable strategies that outperform the market.