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Btctechnicalanalysis

Will Bitcoin break new highs?Bitcoin has seen no major market moves. Overall, the ascending channel remains intact, and there seems little more to elaborate on. We maintain our previous view: exchange time for space. Key Resistance: The $116,800 level has become the main battlefield for bulls and bears. If it breaks through strongly, the short-term target will look toward $118,000 or even $120,000. Key Support: The $114,400 level is the first line of defense below; a break below this level may lead to a retracement to $113,200. If you agree with my views, please give me a thumbs up. Thanks for your encouragement and support.
BITSTAMP:BTCUSDLong
by Matthew_8888
You will ask yourself "how did he know Btc would do that"?On Aug 8th I suggested that based on my research of historical data, Btc would bottom as low as 107K. Btc bottomed at 107...and I then suggested a "bounce incoming". On Sept 2nd I suggested that Btc had hit a bottom and was about to bounce into 1 of my three targets within 2 weeks. We are at the end of that 2 week period and T1 and T2 have been hit. Question remains where do we go from here? The 3 week down rule suggests that we form a lower low (below 107K). Will today's Fed meeting be the excuse for that pattern to play out? What are your thoughts? I'd like to hear from you to gauge sentiment.
COINBASE:BTCUSD
by Strangely-accurate
Can Bitcoin Still Rise to 120,000?The Bitcoin market is currently in a range-bound consolidation phase, with no clear overall trend breakout. Yesterday, the price once surged above the 116,000 mark, but failed to hold this position, and then quickly fell back into the oscillation range, forming a typical "false breakthrough" trend on the technical side. This phenomenon clearly indicates that the market still faces strong selling pressure at high levels, and bullish momentum to push prices upward is somewhat insufficient, making it difficult to break out of the volatile market in the short term. From a macroeconomic perspective, the window for the Fed to cut interest rates is approaching, and the market is in the process of digesting policy expectations, which makes the current market more characterized by "accumulating strength and waiting" - both bulls and bears remain relatively cautious, and the game intensifies near key points, waiting for clear policy signals or capital flows to break the balance. By observing the daily level pattern, it can be found that the market has recently shown a healthy volume structure of "large volume rise and small volume pullback". At the same time, the lower edge support of the rising channel formed in the early stage is still valid, the price pullback has not fallen below the key support level, and the overall upward trend framework has not been destroyed. Based on the above analysis, we still maintain the original strategy unchanged, continue to hold the existing long positions, and adhere to the operating idea of "trading time for space" - not being disturbed by short-term false breakthroughs or shock fluctuations, patiently waiting for the market to complete accumulation and clarify the direction, and then seize trend opportunities.
BITSTAMP:BTCUSDLong
by Matthew_8888
Bitcoin Price’s Grip on $115,000 Weakens—Here's the RiskBitcoin is trading at $114,770, slipping below the $115,000 support level in the process. Should bearish sentiment persist, BTC may fall further, potentially testing the uptrend line that has supported its rise since the start of the month. This would mark a crucial point for investors. If selling pressure intensifies, Bitcoin could struggle to hold $115,000 as support and slide toward $112,500. This would represent a critical setback, reinforcing the ongoing distribution phase observed among holders and limiting near-term upside potential for BTC. On the other hand, if Bitcoin absorbs the selling pressure and regains momentum, reclaiming $115,000 as support could trigger another rally. In this case, BTC would target $117,261 in the coming days, reaffirming its bullish outlook and reinforcing investor confidence.
by BeInCrypto
Bitcoin's life and death lineAfter hitting the previous high, Bitcoin quickly retreated and has recently repeatedly tested the pressure level near 116,000. Only by breaking through this position can it continue to move upward to 118,000-120,000. On the contrary, if the support level of 113,200 is lost, it may pull back to the 110,000 line. Overall, the structure of the rising channel is still intact, and short-term fluctuations are more likely. The effectiveness of the breakthrough of 116,804 will determine the medium-term direction.
BITSTAMP:BTCUSDLong
by Matthew_8888
Is Bitcoin accumulating strength for an upward move or peaking? Bitcoin rebounded after hitting the minor support of the rising channel. The recent pattern is still in the stage of oscillation and accumulation, with the price running between the strong support level of 113200 and the strong resistance level of 116784. The bullish arrangement of the moving average and the engulfing pattern form a strong bullish resonance. The lows are also gradually rising, so this rebound is not over. Friends who opened long orders can continue to hold, with targets at 116784-118000-121000.
BITSTAMP:BTCUSDLong
by Matthew_8888
Can Bitcoin break through 120,000?The Bitcoin market as a whole showed obvious "flat consolidation" characteristics over the weekend. Today's price maintained a narrow sideways fluctuation pattern, with an upper and lower range of only about 1,000 points. The bulls and bears played a moderate game in the current range, and there was no obvious directional competition. The market is temporarily in a state of accumulation. However, from a technical perspective, after Bitcoin successfully broke through the key resistance level at the 4-hour level, it did not pull back. Instead, it showed a trend of "continuously rising lows" - that is, the low point of each pullback is higher than the previous low point. This pattern is a typical signal of a bullish trend, indicating that the overall bullish power in the market is gradually accumulating, the short-selling pressure continues to weaken, and the market direction has shifted to the bulls. Based on this judgment, there is no need to adjust positions due to short-term sideways fluctuations. You should continue to firmly hold the long positions you have established and remain patient to "let profits fly for a while." The short-term sideways movement is more of a post-breakout accumulation phase. Once the market digests the current range, it is likely to continue its bullish trend, further opening up upside potential. I'm Matthew, an analyst focused on technical analysis. If you have any questions regarding specific operations or trend judgments, feel free to communicate and discuss with me at any time. Let's learn trading logic together and move forward steadily in the market!
BITSTAMP:BTCUSDLong
by Matthew_8888
Allow profits to continue growing.Today, Bitcoin's price movement has demonstrated a healthy rhythm of "testing - retracing - re-attacking": in the early trading session, it first moved upward to test the previous key resistance level, then proactively retraced to the lower support to confirm the validity of the breakout. After completing the correction, it once again launched a challenge to today's high. This retracement and correction trend not only digests the selling pressure from short-term profit-taking orders but also further accumulates the bullish momentum in the market. Compared with the previous oscillating pattern where "a breakout is immediately followed by a pullback", the current trend is more sustainable, laying a foundation for the continuation of the subsequent trend. From the technical perspective of the hourly chart, there are clear bullish signals: the moving averages have formed an upward divergence pattern, and the price has always stood firmly above all moving averages. The moving average system has switched from a "convergent oscillation" state to a "bullish arrangement". This indicates that the short-term market has gradually broken away from the previous range-bound consolidation and officially transitioned to a bullish trend. Based on the current trend judgment, there is no need to rush to adjust the positions we established earlier in accordance with the strategy; we should continue to hold the existing positions and "let profits run". If you feel confused about the future market trend, or if you have not yet made profits in such a market, follow me and leave me a message – let me help you resolve this issue.
BITSTAMP:BTCUSDLong
by Matthew_8888
Can Bitcoin still break through the highs?Today, Bitcoin's price has moved upward to test the key resistance level we mentioned earlier as expected, and this trend is fully in line with our previous strategic prediction of "exchanging time for space". Looking back at the previous market consolidation phase, we repeatedly emphasized that "there is no need to rush for short-term operations; let the bullets fly for a while" — this judgment was based on the understanding that the market needs time to accumulate momentum and wait for the trend to become clear. Now, as the price gradually reaches the target resistance level, the strategy of holding positions patiently in the early stage has reached a realization node. Currently, we can prioritize taking partial profits by closing some positions: this move not only locks in the considerable profits already obtained and avoids profit retracement caused by market pullbacks but also retains flexible space for subsequent operations. From the perspective of subsequent market deduction, if the price is accompanied by significant volume expansionwhen testing the resistance level this time and successfully breaks through it, it indicates that the bullish momentum already has the energy to continuously drive the market. At this time, there is no need to rush to chase the rally; instead, we can wait for the price to retrace to confirm the validity of the breakout before following up to add positions and seize the new round of upward market. If the breakout fails to be supported by volume, we need to be alert to the risk of short-term pullback and maintain the existing positions for observation. In addition, we need to focus on the next resistance level above — around the 118,000 mark. This level is not only an important resistance zone formed by previous transactions but also highly correlated with market psychological expectations, and will become a core node for whether the subsequent market can further open up upward space. If you lose your direction amid such market moves, you can follow me or leave me a message.
BITSTAMP:BTCUSDLong
by Matthew_8888
2
CAUTION: Bitcoin may top within the next 1-5 daysOn Sept 2nd I suggested that Btc would see a bounce into 1 of my 3 targets. Btc has now entered the first zone. I am now cautiously on the look out for a reversal within the next 5 days (by Sept 16th). This expectation is based on my previous chart published where I stated "there is a possibility, based on the 3 week down rule, that the reversal from my targets, may lead to a lower low to my T3 (below current low at 107.5K). My Aug 31st call for a T2 bounce hit perfectly. But I hope I'm wrong about a drop to T3 If Btc can hold support above 123K I will become very bullish. Until then I remain cautious, becuase I don't want to round-trip my gains. Proper risk management is crucial for me.
COINBASE:BTCUSD
by Strangely-accurate
Bitcoin Price Eyes Breakout as ETF Inflows Mirror ATH TrendBitcoin’s price is trading at $114,192 at the time of writing, facing resistance at $115,000. Sustained buying interest at this level will be crucial to trigger the next stage of upward movement. If ETF inflows remain strong, BTC could flip $115,000 into support and rally toward $117,261 before targeting $120,000. This level would represent a critical milestone in Bitcoin’s ongoing bull cycle. However, if the breakout attempt fails, Bitcoin may consolidate between $112,500 and $110,000. Such a pullback would invalidate the immediate bullish thesis but still keep BTC within its broader uptrend channel.
by BeInCrypto
Bitcoin rises as expected how to trade next?After Bitcoin broke upward out of the descending triangle consolidation zone this time, it did not repeat the "breakout followed by a pullback" trend seen in previous days. In the past, after the price broke through key patterns, it often fell rapidly and returned to the oscillating range; however, after this breakout, the price has remained firmly above the support level at the upper edge of the descending triangle, forming an effective breakout confirmation, and the market's bullish momentum has significantly strengthened compared to before. For those who followed the strategy to establish long positions near the support level earlier, they have now gained a floating profit of 2,000 to 3,000 points, and the short-term profit target has been initially achieved. From the current technical perspective, the primary resistance level above is concentrated around the 115,000 mark. This level is not only an intensive resistance zone formed by previous transactions but also overlaps with the psychological expectation of integer levels, so a certain amount of selling pressure is likely to occur here. Therefore, it is recommended to consider taking partial profits by closing some positions near this level: on the one hand, it locks in the profits already obtained to avoid profit retracement caused by market pullbacks; on the other hand, retaining some core positions allows you to seize further upward space if the price breaks through the 115,000 resistance level later. If there are key changes in the market later—such as a breakout of key levels, a significant change in trading volume, or an adjustment in the trend direction—I will update the strategy and notify everyone as soon as possible to ensure that the operation rhythm is synchronized with market changes and help everyone cope with market fluctuations more steadily.
BITSTAMP:BTCUSDLong
by Matthew_8888
BTC Inverse Head and ShouldersThe chart clearly shows an inverse head and shoulders formation: Left Shoulder: ~Aug 25 low. Head: ~Aug 29 low. Right Shoulder: ~Sep 5-7 low. This is a bullish reversal pattern after a prolonged downtrend. The breakout above the neckline (around 113,200 – 113,500) confirms the bullish bias. Fib & Extension Targets : Immediate target: Fibonacci 1.0 extension ~119,600. Extended target: 1.618 extension ~123,500. These align well with previous resistance levels (early August highs).
Long
by chefa
Bitcoin Breaks Key Resistance – Upside Targets in Focus...Bitcoin has been consolidating below the $113,000 resistance level over the past few sessions. On the hourly timeframe, price has now successfully broken above this barrier and is sustaining the breakout. 📈 Trading Outlook: * A pullback towards $113,000 could offer a favorable long entry opportunity. * Upside Targets: * First target: $117,000 * Second target: $122,000 The breakout and successful close above resistance suggest strong bullish momentum, provided price holds above the $113,000 zone.
Long
by Kartik_Elkunchwar
Another upside breakout—can this rally continue?Bitcoin has broken upward again. However, for those who haven't entered the market yet, there's no need to rush into chasing the rally. Looking back at the characteristics of recent market trends, after the price made multiple breakout moves, it has been difficult to sustain the upward momentum, often followed by a rapid pullback. Blindly chasing high prices can easily leave you in a passive situation of being trapped in the short term. As for those who have already established long positions near key support levels in line with the previous strategy, there's no need to adjust your positions frequently at present—just continue to hold firmly. From a technical perspective, if this breakout can effectively hold above the key resistance level, the subsequent upside potential of the market will be far beyond the current minor fluctuations. The short-term consolidation is more like a period of momentum accumulation before the trend begins. It is recommended that everyone stay patient, hold onto your positions well, and give the market sufficient time to develop—"let the bullets fly for a while." I'm Matthew, an analyst focused on technical analysis. If you have any questions regarding specific operations or trend judgments, feel free to communicate and discuss with me at any time. Let's learn trading logic together and move forward steadily in the market!
BITSTAMP:BTCUSDLong
by Matthew_8888
A flat trend; continue with the previous strategy. Recently, the Bitcoin market has generally been trapped in a range-bound consolidation pattern, with trading activity remaining persistently low. The price has mainly fluctuated repeatedly within the narrow range of 110,000 to 113,000, failing to achieve an effective directional breakout. From the perspective of market performance, the occasional small-scale breakout moves seen earlier have all failed to sustain the trend; instead, the price quickly reverted to within the range. The competition between bulls and bears within this range has shown a temporary state of balance, and the market lacks clear driving forces to break the current deadlock. Fortunately, however, in response to the current oscillating market, the long-position entry points we supplemented and advised on later are quite ideal. Based on this, there is no need to adjust positions at present, and we can simply continue holding. At the strategic level, we still adhere to the previous core idea of "exchanging time for space" — we will not rush to pursue profits from short-term fluctuations. Instead, through patient position-holding, we will wait for the market to complete sufficient consolidation within the range and for the balance between bulls and bears to be broken. Only then will a clear trending breakout occur, allowing us to further seize greater profit opportunities.
BITSTAMP:BTCUSDLong
by Matthew_8888
BTCUSD - Liquidity Grab Below? | FVG & Support Zones Analysis1H Chart Analysis Bitcoin is currently trading around $111,361, showing signs of potential downside liquidity sweep before a larger move up. 🔴 Key Observations: 📍 FVG (Fair Value Gap) marked around $111,946 - $112,136: Price has yet to fully mitigate this large imbalance from the recent aggressive sell-off. Expecting price to revisit this area either after sweeping liquidity or as part of a reversal move. 🔻 Downside Liquidity Pools: There is clear liquidity resting below the current price, stacked around multiple support zones between $111,273 - $110,756. These levels are weak, and likely to be swept — classic inducement setup. 📉 Support Zones (Not Strong): First zone: $111,273 - $111,035 Second zone: $110,979 - $110,871 These are reaction zones, not strong structural supports. Reversible price action might occur, especially mid-range around $111,078 - $111,035, where price may show temporary bullish signs. 🔄 Expected Scenario: Minor push into FVG → rejection Sweep of downside liquidity through weak support zones Watch for bullish reversal signs post-sweep (possibly around macro news events marked on chart) Potential full reversal targeting FVG fill and beyond (up to $112,496 - $112,613 resistance area) ⚠️ Key Levels: Resistance: $112,496 - $112,613 FVG: $111,946 - $112,136 Mid-Reversal Zone: $111,078 - $111,035 Liquidity Sweep Target: $110,756 - $110,871 📅 Event Risk: News catalysts could affect the price reaction — trade accordingly with proper risk management. Follow for more, Greetings, MrYounity
VANTAGE:BTCUSD
by MrYounity
BTC LOWER LOW INCOMING?On Aug 9th I suggested a breakout pattern that would lead Btc (with the highest probability) to an ideal low around $108K. This was based on a repeating historical Btc pattern I discovered. That pattern played out as anticipated and on Aug 31st I called the bottom at $107,300 and suggested a "bounce - incoming". I've held this long since the bottom, but I believe the anticipated bounce may be ending soon. I am anticipating a reversal at the above targets on/or before Sept 18th With the highest probability, this reversal will lead to a lower low (below $107K). "IF" Btc holds support above $123K I will switch to a more bullish stance. Until then the stats point downward. Trade safe and may the trends be with you.
COINBASE:BTCUSD
by Strangely-accurate
perseverance leads to victoryToday, the Bitcoin market has shown a "first decline then rise" trend. the price first retraced to the previous key support level , and after receiving effective support, it quickly launched a rebound. From the technical chart, this rebound has successfully pushed the price upward to break through the upper edge resistance of the descending triangle pattern that it had been trading within previously. This breakout means that the previous convergent consolidation pattern has been officially broken, and the market's direction selection has initially been confirmed. However, it is important to note that the volume release of the current rebound is not yet sufficient, and the upward momentum is relatively moderate. There has been no obvious upward surge with increased volume for the time being. In the follow-up, it may still take some time to absorb the profit-taking orders and locked-up orders after the breakout. Looking back at the recent strategy, we have repeatedly suggested the operation idea of "deploying long positions after the price retraces to the support level". If everyone executed according to this strategy, they are likely to have obtained a certain amount of floating profit by now. Regarding the subsequent resistance, the primary resistance level to focus on above is around 115800. This level is not only a previous intensive trading area but also has a certain psychological threshold attribute. It is necessary to focus on observing the breakout momentum of the price at this level and the coordination with trading volume.
BITSTAMP:BTCUSDLong
by Matthew_8888