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Btcusdanalysis

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
BTC - WEEKLY OUTLOOK 🚀 #BITCOIN - Weekly Price Update 🚀 Trend: Bullish on the monthly chart, still marching higher! Weekly outlook: The charts are flashing a bull‑continuation signal, but we’ll need next week’s candles to lock it in. Daily vibe: Neutral territory. Key daily resistance zones: 🔹 118,500 $ 🔹 120,000 $ 🔹 123,000 $ – 123,500 $ Right now the bulls dominate above 107k $ and 100k $. If we keep consolidating there, a fresh all‑time high could erupt soon. Short‑term forecast: Expect a few sideways days with occasional rejections 📉. My take: 🔸 A retest around 112,500 $ –-112,000 $ looks likely next. 🔸 For a solid long‑term play, we need a weekly candle closing above 120,000 $ backed by strong buying volume, that’s the green light for the next big upward wave! 🌐 #ALTS - Altcoin Market With Bitcoin holding steady above the 110k $ mark, altcoins stand to gain from the added stability and resilience. 💡 Stay tuned, keep those alerts on, and ride the momentum!
by Cryptojobs
Fed rate cut in focus: Bitcoin eyes new ATHFed rate cut in focus: Bitcoin eyes new ATH Markets are on edge ahead of today’s Fed decision, with a 25 bps cut to 4.1% widely expected. Traders see this as fuel for risk assets, though surprises could trigger sharp moves. Bitcoin leads the pack, backed by $230M ETF inflows and growing dominance over alts. Still, strong sell walls at $117K–119K signal heavy resistance. Support remains firm at $111K–113K, where fresh demand continues to absorb supply from large holders. Momentum indicators show strength, similar to Q2 when BTC rallied from $105K to $120K. Altcoins stay in the background: ETH faces outflows and struggles to hold above $4,500, while SEC delays on new ETF applications weigh on sentiment. Other majors like Solana and Ripple could see inflows if BTC stabilizes, but downside risks remain high if expectations disappoint.
COINBASE:BTCUSDShort
by ProfessorSingapore
BITCOIN - New ATH is ahead!Over the past year — exactly 363 days — Bitcoin has only formed the Golden Cross pattern 3 times. If you look at the chart, you’ll notice that each time this pattern appeared, it triggered a strong bullish rally leading to a new ATH (all-time high), as clearly shown. And right now, Bitcoin is forming this exact pattern again on the daily timeframe. For clarity: - The Golden Cross happens when a smaller EMA (like the EMA 25) crosses above a larger EMA (like the EMA 50) . This crossover is a classic bullish signal often marking the start of major upward moves. based the fibonacci The next expected ATH for BTC is projected around 140K Best Regards : Ceciliones
Long
by ceciliones
19
BTC 2017 All Over Again? Is It About to Go Parabolic?Forbes just ran with a headline about a Bitcoin “death spiral.” The wording might be sensational, but the risk they are pointing to is real. It is sitting inside Bitcoin treasuries. Companies like MicroStrategy (NASDAQ:MSTR) and Nakamoto are being packaged as safe institutional gateways to Bitcoin. The truth is, they are not just buying and holding. They are borrowing, issuing debt, and selling shares to continue buying more BTC. That structure works brilliantly when the price is running higher. When BTC pulls back, the debt remains while the value of the collateral falls. If their share prices sink at the same time, they cannot raise fresh equity. That is when forced selling begins, and the pressure feeds on itself. This is where the LUNA comparison fits. LUNA collapsed because the system relied on TWAP buying to keep its peg alive. It needed a constant programmed demand. The second confidence cracked that demand disappeared, the mechanism broke, and the whole structure fell into a reflexive death spiral. Bitcoin treasuries carry a similar fragility. They look strong on the way up because debt and dilution keep the system fed. But if one cracks, others will likely follow, and the forced selling could cascade through the market. It is history repeating in a new form. The Cycle Overlap Now layer in the cycles. December 2024 marked the rollover of the 8-year stress cycle in traditional markets. That signal has already triggered. But treasuries are not following that rhythm. They are moving in line with Bitcoin’s 4-year cycle. Every halving is followed by a strong run, a cycle top, and then a correction. That puts the real pressure point into December 2025. If treasuries hit the wall at the same time Bitcoin’s bull cycle peaks, the overlap could accelerate a blow-off followed by a brutal correction. The 8-Year Stress Cycle (Traditional Markets) 2000 → Dot-com bubble rollover. Fed started cutting rates, but equities crashed hard into 2001–2002. 2008 → Global Financial Crisis. Fed slashed rates aggressively, but markets fell into a full-blown meltdown before recovery. 2009 was the brutal washout before recovery. 2016 → Global growth scare, China devaluation, Fed hiking cycle wobble. Markets pulled back, stress showed, then liquidity stepped in. 2024 → December rollover. The signal of cracks returning: inflation sticky, rate cuts being prepped, credit stress building, and leveraged players under pressure. The pattern - every 8 years, traditional markets hit a rollover point where stress shows up, liquidity shifts, and the system resets. The 4-Year Bitcoin Cycle 2013 → Top after 2012 halving, deep correction. 2017 → Top after 2016 halving, brutal correction in 2018. 2021 → Top after 2020 halving, correction in 2022. 2025 → Halving cycle points to a top window in December 2025, with correction risk into 2026. Where Tether Fits Tether (CRYPTOCAP:USDT) is not just minting stablecoins. It has become one of the largest buyers of short-dated US Treasuries on the planet, with more than 120 billion US dollars worth on its books. In calm conditions, that makes sense, they clip yield and backstop redemptions. But if markets crash and liquidity dries up, redemptions spike. To meet them, Tether must raise dollars by selling or repo’ing those T-bills. Normally, that is seamless. In stress, selling can add to liquidity drains at the edges of both the Treasury market and crypto. If redemptions surge at the same time treasuries are being forced to sell BTC, you get a double liquidity squeeze. The Technical Picture Look at the Fibonacci structure on the chart. The key levels line up with what could be a wave 3 of 3 in Elliott Wave terms — the most explosive part of any trend. That explains the sharp upside move this year. It is powerful, but it is also the phase where leverage and euphoria get stretched the furthest. If this lines up with treasuries cracking and Tether redemptions spiking, the volatility on both sides will be extreme. 2016–2017 vs 2024–2025 In 2016, traditional markets were rattled by China’s devaluation, an oil price collapse, and Fed policy missteps. Liquidity reset the system. For Bitcoin, that reset coincided with the halving and set up the most explosive run in its history. By 2017, equities were making new ATHs and Bitcoin went parabolic to nearly $20k before the brutal 2018 correction. Now in 2025 we are seeing the same setup. Stress triggered in December 2024, but liquidity is flowing back. Markets everywhere are hitting new ATHs. Bitcoin has surged and is acting like it is in its 2017 phase right now, the blow-off leg of the 4-year cycle. That puts the risk squarely into December 2025 for a cycle top followed by a correction. The Cycle Top Target I believe the cycle top for Bitcoin will land on or around 22nd December 2025. The Fibonacci levels line up cleanly with this window: Strong resistance at 0.236 and 0.382. Under normal conditions, these zones would cap the move, but if we are truly in a 2017-style run, price can blow straight through them in a parabolic surge before the eventual correction. Fibs left on the chart for reference. Key points BTC treasuries are leveraged and debt-loaded. Many treasuries exist, not just one, so cascades are possible. December 2024 = 8-year rollover in traditional markets. December 2025 = 4-year BTC cycle top window. Tether can flip from stabiliser to amplifier if redemptions rise. Fibonacci shows a potential wave 3 of 3, explosive but unsustainable. 2025 mirrors 2017: markets at ATHs, Bitcoin in parabolic mode. Target: 22nd December 2025 as the likely top. Stop losses and capital protection are critical. It looks like BTC 2017 all over again. The parabolic phase may not be finished yet, but the closer we get to December 2025, the sharper the risk of a brutal correction. This is not Bitcoin dying. This is a test of leverage and liquidity. If treasuries and Tether both get squeezed into the cycle top, the correction could be brutal. But as always, it will clear the field for the next 4-year cycle if you survive the next brutal 2026 BEAR Market. Thanks for Reading, and please let me know your thoughts <3 Lisa
BNC:BLXLong
by LisaNEdwards
22
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 PREDICTION: NOBODY is EXPECTING THIS!!! (this will hurt)Yello Paradisers! In this video, we are going through multiple timeframes. We are taking a look at the CME futures gap that has closed. As professional traders, we are going through the ultra-high timeframe chart I'm sharing with you, including the channel reclaim and retest, the bearish divergence, and the decrease in volume. On a high timeframe chart, I'm sharing with you the zigzag.The possible start of the impulse is now in the secondary wave. The bearish divergence means we need to wait for a cross, a shooting star candle on the daily, and nice volume as well. If we look at the medium timeframe, we are seeing the bearish divergence, plus the cross, plus the resistance, the Elliott wave, the shooting star, and the double top formation. Paradisers! Keep in mind to trade only with a proper professional trading strategy. Wait for confirmations. Play with tactics. This is the only way you can be long-term profitable. Remember, don’t trade without confirmations. Wait for them before creating a trade. Be disciplined, patient, and emotionally controlled. Only trade the highest probability setups with the greatest risk to reward ratio. This will ensure that you become a long-term profitable professional trader. Don't be a gambler. Don't try to get rich quick. Make sure that your trading is professionally based on proper strategies and trade tactics.
INDEX:BTCUSDShort
by MyCryptoParadise
3
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
Is BTC affected by SELL the news?Analysis of BTC: BTC is fluctuating around the 114k – 115k range, which is an important equilibrium zone. If buying pressure holds strong, the price could move toward the 118k resistance area – a key level that will determine the upcoming trend. • Scenario 1: If BTC successfully breaks above 118k, the uptrend will be reinforced, with the next target at 123k – 124k. • Scenario 2: If rejected at 118k, the price will likely retest 112k – 110k before recovering. Summary: The overall trend still leans bullish, but 118k is the crucial resistance zone to watch closely in order to confirm the next direction.
Short
by Nova-Scalper
1
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
WEEKLY UPDATE ON BTC, ETH, BTC.D - 9/7/2025This weekend's technical analysis is an update from previous week's analysis posted. I am expecting BTC to continue it's price action to the daily 200 EMA after the relief bounce off from the weekly 21 EMA as noted last week. Our BTC analysis will be invalidated if the on the daily chart we get a candle open and close above $114k on good volume and momentum as the weekly and monthly chart is still in a strong uptrend. ETH pullback is also intact as discussed from last week and approaching the breakout price level of $4000 which coincides with the weekly 9EMA support zone. I will be expecting ETH bulls to battle this level in a consolidation price action before a break down to the weekly 21 EMA target of 3,500. Bitcoin Dominance did follow through our analysis last week with the inverted hammer play and has now also given some confirmation of a temporal reversal based on indicators. I will be expecting a bounce on Bitcoin Dominance to the resistance level of 59.2% and if there enough momentum to break through the resistance then next target will be 60.64%. That's a summary of what I will be looking for on these charts as the week unfolds. Thanks for spending time to listen to my analysis and opinion and I wish you the best of trading this week. Cheers !!!
COINBASE:BTCUSDShort
by RICHINVESTOR
High-level fluctuations, BTC short-term trading arrangements#BTCUSD After BTC started to rise from 113500, it continued to fluctuate and consolidate at a high level, and is also waiting for the specific basis point of the Federal Reserve's interest rate cut. In the short term, BTC is experiencing a retracement. Aggressive traders can consider trying to arrange long orders at 115500-115000. Once it falls below 115000, SL is carried out in time, with the target looking at 116500-117500.
BITSTAMP:BTCUSDLong
by TP-Halson
BTCUSD Trade IdeaBTCUSD Market Analysis: Bitcoin (BTCUSD) recently faced rejection around the 11,650 level, indicating resistance at that point. This rejection suggests that the price struggled to break above this zone, leading to a potential reversal or consolidation. Key Support Levels: Major Support: Near 108,500 – This is a significant level where buying interest might emerge, providing a potential floor for the price. Minor Support: Near 110,500 – A less strong support level, which could temporarily halt downward movement if the price approaches it. Implications: The rejection around 11,650 hints at a possible downside, but the support levels at 108,500 and 110,500 are critical areas to watch. If the price approaches these supports, traders should look for confirmation signals before considering long entries, as a bounce could occur from these zones. Trading Tips: Monitor for bullish confirmation if the price nears support levels. Watch for possible break below 108,500, which could signal further downside. Use these levels for setting stop losses or take-profit targets. Stay cautious and manage your risk accordingly!
COINBASE:BTCUSDShort
by TRT-TheRightTrade
Bitcoin Price To Climb Higher Amid Rising Institutional AdoptionBitcoin Price To Climb Higher Amid Rising Institutional Adoption, Yet Ethereum's Relative Value Puzzles Investors The digital asset landscape presents a fascinating dichotomy. Bitcoin, the undisputed leader, appears poised for a significant ascent, with analysts increasingly confident in a rally toward the coveted $120,000 mark. This optimism is overwhelmingly fueled by a powerful and sustained wave of institutional adoption, underscored by staggering inflows into U.S. spot Bitcoin Exchange-Traded Funds (ETFs). However, a perplexing counter-narrative is unfolding with Ethereum. Despite its own significant institutional embrace and the successful launch of its own ETFs, the ETH/BTC price ratio remains stubbornly low, signaling a relative weakness against Bitcoin that has left many investors searching for answers. Bitcoin's Bullish Momentum: The Unstoppable Force of Institutional Capital The sentiment surrounding Bitcoin is palpably bullish. After a period of consolidation, the cryptocurrency has shown remarkable resilience, holding key support levels and demonstrating renewed strength. Bitcoin is trading at elevated levels, with technical analysts and market experts setting their sights on the next major psychological barrier of $120,000. A sustained break above this level is widely expected to trigger a fresh wave of buying pressure, potentially propelling the price toward new all-time highs. A flurry of price predictions from various financial institutions and seasoned analysts paints a picture of widespread optimism. Forecasts range from conservative six-figure targets to highly bullish projections well above $200,000. These predictions are united by a common thread: the transformative impact of institutional adoption. The primary engine driving this bullish outlook is the unprecedented success of U.S. spot Bitcoin ETFs. These investment vehicles have served as a regulated and accessible bridge for institutional capital to flow into the digital asset space. Recent weekly net inflows have been measured in the billions of dollars, reversing previous outflows and signaling a renewed and voracious investor appetite. Leading funds from major asset managers have been the primary beneficiaries, consistently attracting hundreds of millions in fresh capital. This influx of institutional money represents a fundamental shift in how Bitcoin is perceived. Major institutions are actively adding exposure and incorporating Bitcoin into their long-term investment strategies. This is evidenced by the behavior of "whales"—large Bitcoin holders—who have been accumulating significant amounts, viewing price dips as buying opportunities. The growing institutional presence is also contributing to a reduction in Bitcoin's notorious volatility, making it a more attractive asset for diversified portfolios. Further bolstering the bullish case are favorable macroeconomic conditions. With expectations for lower interest rates, the appeal of risk assets like Bitcoin is on the rise. A weaker U.S. dollar and lower borrowing costs historically create a fertile environment for assets with a fixed supply to thrive. The confluence of massive ETF inflows, strategic institutional accumulation, and a supportive macroeconomic backdrop has created a powerful tailwind for Bitcoin. The Ethereum Conundrum: High Adoption, Low Ratio While Bitcoin basks in the glow of institutional validation, the story for Ethereum is more nuanced. On the surface, Ethereum is experiencing its own institutional renaissance. The approval of spot Ethereum ETFs has been met with considerable enthusiasm, attracting billions in capital and providing a regulated pathway for traditional investors to gain exposure to the world's leading smart contract platform. The inflow data for Ethereum ETFs has been impressive, at times even surpassing Bitcoin's on a monthly basis. Cumulative inflows have reached a significant figure, a clear testament to the growing recognition of Ethereum's value proposition, which extends beyond a simple store of value to encompass the vast ecosystems of decentralized finance (DeFi), non-fungible tokens (NFTs), and real-world asset (RWA) tokenization. Institutions are not just buying ETH through ETFs; they are also actively participating in the network's staking mechanism. An unprecedented surge in staking activity has seen a significant portion of ETH's circulating supply locked away to secure the network and earn yield. This "supply squeeze" is fueled by both institutional players and large individual holders, underscoring the long-term conviction in Ethereum's future. With a large percentage of the total supply staked, the available liquidity on exchanges has dwindled, a factor that would typically be expected to exert strong upward pressure on the price. Given this backdrop of robust adoption, significant ETF inflows, and a tightening supply, one would expect Ethereum to be gaining ground on Bitcoin. However, the ETH/BTC price ratio, a key metric that reflects the relative value of Ethereum to Bitcoin, tells a different story. This ratio has remained stubbornly below the 0.05 mark, a level that signals relative weakness for ETH. It currently hovers at a low level, far from its historical peak. This persistent underperformance is a source of considerable debate. A higher ratio indicates that ETH is appreciating faster than BTC. The current suppression suggests that while absolute demand for Ethereum is strong, the demand for Bitcoin is even stronger. Several factors may be contributing to this conundrum. Bitcoin's established brand and its narrative as "digital gold" give it a powerful first-mover advantage, particularly among institutional investors taking a conservative, phased approach. For many, Bitcoin is the initial and primary allocation. Secondly, Ethereum's utility introduces complexities and risks compared to Bitcoin's simpler value proposition. The ongoing evolution of the network, while bullish long-term, may present a steeper learning curve for some investors. Furthermore, a historical trend of Bitcoin outperforming Ethereum may have created market inertia, with capital continuing to flow into the asset with stronger recent relative performance. In essence, both assets are appreciating, but Bitcoin is doing so at a faster rate, keeping the ratio suppressed. Beyond the Big Two: Other Trending Cryptos to Watch While Bitcoin and Ethereum dominate, the broader cryptocurrency market is a hotbed of innovation. Investors are exploring a diverse range of projects with potential for significant growth, driven by several key trends. Layer-2 Scaling Solutions: As Ethereum faces demand-driven congestion, Layer-2 solutions have become indispensable. Projects offering faster, cheaper, and more scalable environments for decentralized applications are capturing a growing share of activity and represent a crucial investment theme for ecosystem growth. Integration of Artificial Intelligence and Blockchain: The convergence of AI and blockchain is gaining considerable traction, creating new possibilities in automated trading, decentralized organizations, and sophisticated dApps. Projects leveraging AI to enhance blockchain capabilities are attracting significant attention. Tokenization of Real-World Assets (RWA): This is poised to be one of the most transformative trends. Representing physical assets like real estate and commodities as digital tokens on a blockchain has the potential to unlock trillions in illiquid assets, making them more accessible and tradable globally. This is expected to drive a new wave of adoption. Meme Coins and Community-Driven Projects: While often speculative, meme coins continue to exert significant influence, demonstrating the power of community and viral marketing. Their enduring popularity highlights the importance of cultural relevance in the crypto space. The altcoin market is characterized by higher volatility and risk. However, for investors with a high-risk tolerance, it offers the potential for outsized returns based on technological adoption and market trends. The Road Ahead: A Market at a Crossroads The cryptocurrency market is a study in contrasts. The overwhelming force of institutional adoption is propelling Bitcoin toward potentially historic highs. The success of Bitcoin ETFs has fundamentally altered the market structure, creating a sustained demand that shows no signs of abating. Conversely, the curious case of the ETH/BTC ratio serves as a reminder of the market's complexity. While Ethereum's own institutional story is compelling, it has yet to translate into sustained outperformance against Bitcoin. Looking ahead, the market's trajectory will be shaped by key factors. Central bank monetary policy will continue to play a crucial role. The continued growth of the ETF market will be a primary indicator of institutional sentiment. And ongoing innovation in scaling, AI, and tokenization will determine the next generation of leading projects. For investors, the current environment offers both immense opportunity and significant risk. The bullish case for Bitcoin appears robust, but volatility remains. Ethereum's long-term value is undeniable, but its short-to-medium-term performance relative to Bitcoin is less certain. The altcoin market holds promise but requires careful navigation. In conclusion, the narrative of rising institutional adoption is powerfully reshaping the digital asset landscape. As Bitcoin bulls eye their next target, the broader market watches closely, navigating the crosscurrents of innovation, regulation, and macroeconomic forces that will define the future of this transformative technology.
BITSTAMP:BTCUSD
by bryandowningqln
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
BTC/USD Bullish Order Block Setup – Targeting 114,328BTC/USD (1H) Analysis Trend & Structure: Price has been respecting a rising channel with clear support and rejection lines. After testing the support line, it rebounded and is now consolidating. EMA Strategy: Price is fluctuating around the 70 EMA (111,081) and 200 EMA (110,902), showing short-term consolidation. A bullish crossover above 70 EMA may confirm further upside momentum. Order Block (OB) Zone: The marked OB Buying Zone (109,261 – 110,252) is a strong demand area where buyers are expected to step in. Support & Resistance: Support lies at 109,261, while the next resistance/target is 114,328. Risk-Reward Strategy: A potential long entry from the OB zone offers a favorable R:R ratio toward the 114,328 target point. Stop loss ideally below 109,246. Price Action: Recent wicks suggest rejection of lower levels, strengthening the bullish bias. ✅ Signal: Buy from OB Buying Zone (109,261 – 110,252) 🎯 Target: 114,328 🛑 Stop Loss: Below 109,246 Overall Bias: Bullish continuation if price respects the OB buying zone and EMA support.
INDEX:BTCUSDLong
by MR_JOHN144
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