Bitcoin Roadmap

Apr 1

Today, I want to share with you a mid-term outlook on Bitcoin(BTCUSDT) by analyzing it in a higher time frame—specifically, a 6-hour time frame—which could trigger a bullish move for Bitcoin, so stay with me.

In general, financial market movements over the past month have been heavily influenced by the military conflict in the Middle East, as well as statements by politicians like Trump, which can rapidly shift the direction of financial markets. On the other hand, financial markets, like gold(XAUUSD), the S&P 500 index(SPX500), and crypto, have shown a high correlation and tend to pump or dump together.

Bitcoin is currently trying to break the resistance zone($70,100-$68,790) and the upper line of the descending channel, which I believe will happen in the coming hours.

From an Elliott Wave theory perspective, considering Bitcoin’s movements over the past two months, it seems that Bitcoin completed its main wave A as a leading diagonal, and the main wave B is forming inside this descending channel. Thus, we can expect a bullish impulsive wave after breaking the upper line of the descending channel.

I expect that Bitcoin will be able, in the coming hours, to break the upper line of the descending channel and continue a bullish move, rising at least up to the Cumulative Short Liquidation Leverage($73,510-$72,000).

First Target: Cumulative Short Liquidation Leverage($73,510-$72,000)

Second Target: Cumulative Short Liquidation Leverage($77,880-$74,950)

Stop Loss(SL): $65,980

Points may shift as the market evolves

Cumulative Long Liquidation Leverage: $66,000-$65,000

CME Gap: $84,560-$79,660

Note: Any news or escalation of the Middle East conflict can cause a sudden shift in Bitcoin’s trend, so, once again, manage your capital carefully in your trades.

Note: Given that the S&P 500 index is currently bullish—my personal analysis of the S&P 500 is that it is bullish—and considering Bitcoin’s strong correlation with it, the rise in the S&P 500 could lead to a rise in Bitcoin as well.

What do you think about Bitcoin—can it rise above $70,000, or will we see another decline again?

💡 Please respect each other's opinions and express agreement or disagreement politely.

📌Bitcoin Analysis (BTCUSDT), 6-hour time frame.

🛑 Always set a Stop Loss(SL) for every position you open.

✅ This is just my idea; I’d love to see your thoughts too!

🔥 If you find it helpful, please BOOST this post and share it with your friends.

Apr 2

Note

Trump made no statements about ending the war, and once again, financial markets moved lower. However, it’s important to keep key support and resistance zones in focus.

Overall, global markets are moving with strong correlation right now — the S&P 500 index, Bitcoin, and Gold are all showing similar directional behavior.

Apr 2

Trade active

BTCUSDT

Position: Long

Entry Point: 65859.0 USDT  (Limit Order)

Take Profit: 67721.0 USDT

Stop Loss: 64926.0 USDT

Risk-To-Reward: 2.00

Please don't forget to follow capital management ⚠️

Apr 2

Note

Please open the Take Profit. (I will tell you the new Take Profit).

Please Transfer Stop Loss to 65859.0 USDT ➡️Risk Free.

Apr 4

Note

Please open the Take Profit. (I will tell you the new Take Profit).

Please Transfer Stop Loss to 66,831.0 USDT ➡️Risk-To-Reward: 1.04

Apr 5

Trade closed: target reached

Target Done=>Risk-To-Reward: 1.04

Trailing stop

Apr 8

Note

Analytically, this analysis achieved its first target well.

Thank you for your patience