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Btcusdforecast

Bitcoin Tests Critical Resistance Level: What's Next?FenzoFx—Bitcoin is testing the $88,650 resistance, a level it has rejected more than three times. The Stochastic and RSI 14 indicators remain in overbought territory, indicating short-term overvaluation. Entering the market at this price is not recommended. If BTC/USD stays below $88,650, a consolidation phase may follow, with potential dips to $88,140 and $82,810. Bullish Scenario The bearish outlook is invalidated if BTC closes above $88,650, potentially resuming the uptrend toward $90,000.
COINBASE:BTCUSD
by FenzoFxBroker
Bitcoin Double Bottom Pattern Came into PlayFenzoFx—Bitcoin jumped upward from $74,475 support as expected due to the formation of a double bottom pattern on the 1-hour chart, which is a bullish signal. As of this writing, the price is stabilizing and testing the $81,160 mark as support. However, the 50-SMA on the 1-hour chart serves as the pivot point between the bull and bear market. The next bullish target could be $84,730, followed by $88,000 if BTC holds above the discussed moving average. Trade BTC/USD Swap Free at FenzoFx Decentralized Broker
COINBASE:BTCUSDLong
by FenzoFxBroker
BITCOIN Trending Higher - Can Bulls Maintain Momentum?COINBASE:BTCUSD is trading within a well-defined ascending channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish momentum indicates that buyers are in control, suggesting a potential continuation toward higher levels. The price has broken above a key resistance zone and successfully retested it as support, confirming the bullish structure. This retest strengthens the case for further upside, with the next target aligning with the upper boundary of the channel near $91,000. As long as the price remains above this newly established support, the bullish outlook stays intact. However, if the price fails to hold above this zone, a deeper pullback toward the midline or the lower boundary of the channel could come into play. Remember, always confirm your setups and trade with solid risk management. Best of luck!
BINANCE:BTCUSDLong
by TrendDiva
46
Btcusd trade idea e read caption This chart represents a technical analysis of Bitcoin (BTC/USD) on the 1-hour timeframe from Coinbase. Here are the key elements of the analysis: 1. Order Block (Green Zone): The green zone represents a significant order block, indicating an area where institutional buying or selling activity previously took place. The price has reacted strongly to this zone, confirming its importance. 2. Entry Point (White Line & Label): The price has broken above the order block, suggesting a bullish entry. This level is marked as an optimal entry zone for a long position. 3. Price Movement & Target Levels (Yellow Arrows): Two yellow arrows suggest that the price is expected to move upwards towards key resistance or profit target zones. 4. Target Levels (Dashed Lines & Blue Labels): $88,000.17 and $90,681.03 are identified as potential profit targets, indicating resistance levels where the price may face selling pressure. 5. Current Price & Trend: Bitcoin is currently trading at $85,511.26, with a 3.40% increase. The strong breakout suggests bullish momentum. 6. Market Volume (Right-Side Volume Profile): The volume profile on the right shows high trading activity around the $84,000 level, which could act as support in case of a pullback. Summary: A breakout above a key order block suggests bullish continuation. Entry is positioned above the breakout. Target levels are set at $88,000 and $90,681. High probability of upward movement based on volume and trend analysis. This analysis suggests a bullish setup with potential gains if the price sustains above the order block and moves toward the target zones.
COINBASE:BTCUSDLong
by Forex_ViP_Signalss
1
BTC , road map "Hello traders, when considering BTC, the decision-making process should align with your strategy as either a holder or trader. In high time frames, based on the (FVG) concept, BTC's price could potentially reach $180,000. However, for short-term traders, the price might dip to the $70,000 zone initially. I anticipate a pullback to $92,000, after which I will evaluate candle formations to determine a selling position. Please note that this analysis is subject to updates over time." If you have any specific questions or need further assistance with your message, feel free to let me know!
COINBASE:BTCUSDShort
by somayehbasiri
BTCUSDT, Bearish Scenarios for upcoming days ...Hello Traders, Hope you're great. for Upcoming days, I anticipate 2 Bearish scenarios : In First Scenario, I expect price does an upward correction to the nearest broken support level that became to an important supply zone around 91-93K and after that starts to drop. in Second scenario, I expect price does a further upward correction and goes to the supply zone around 95-97K and after that start a major downward movement. Targets are 85K, 82K and my final target is 77K. Don't forget to use proper risk management. And finally tell me what do you think about BTCUSDT, UP or DOWN ? comment your opinion below this post.
Short
by aminrzb
1
BTC Bitcoin - Upside Likely THIS WEEK (Thanks Retail Liquidity)Here's a challenge for you: How many places of built-up liquidity can you spot on this chart that indicated where price is heading to...? Post your chart below. Admittedly this isn't the easiest environment to trade in, but still the clues are there. Plus: DXY Dollar is weak for now, so XXXUSD seem more likely to be Bullish. Now we stalk it and wait to see the flip to the Upside (if it happens). The invalidation point is the clear last Wick low. There could be more opportunities later to scale in. ------------------ Are you seeing price action here the same as I am? If not, comment below and tell me if I'm missing something...
CRYPTO:BTCUSDLong
by The_Peaceful_Trader
14
BTC's next market trendHello traders The price is consolidating between 100096 and 96700, indicating a potential upward move toward 100096. If the price breaks above this level with strong momentum and volume, it is likely to continue rising toward 102360, where it may enter the bullish zone. Further bullish movement could push the price toward 106961, where it might face stronger resistance. The ascending trendline and recent bullish attempts suggest that buyers are trying to gain control, supporting the bullish outlook. If the price fails to break 100096 and reverses, it may retest the lower support at 96700. A confirmed bearish trend will start if the price drops below 96700 and exits the ascending channel, leading to further downside movement. In that case, possible support levels to watch are 93723 and 91579, where buyers might attempt to regain control. Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.
BITSTAMP:BTCUSDLong
by x7p2x7p2
Public trade #11 - #BTC price analysis ( Bitcoin )At the moment, the CRYPTOCAP:BTC price is making an A-B-C correction within the channel quite harmoniously. The idea is as follows: 🔽now the market is correcting for a few days and the lower the better. 🔼And then on January 20, Trump will be inaugurated and, as the “messiah,” he will “make life easier” for crypto investors by some decree and the market will break out in growth. 1️⃣ So the first stop of the OKX:BTCUSDT correction should be around $93-94k, and from there, growth can break up to $110k. 2️⃣ The second option is a correction of the #Bitcoin price around $86-87k. ❗️ It's also worth remembering that 29.01.25 is the announcement of the “fresh” Fed Funds rate. And given the fact that inflation has increased this month, the Fed's rate cut is in jeopardy, at best it will be left unchanged. P.S: Please excuse the fact that there are so many levels on the chart, but they work well and can be used in trading!) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
12
BTC to reach new all-time highs in Q1 2025I am not yet convinced BTC has fallen far enough to be written off as the end of this push. My idea here is based on perceived symmetry between Nov-Dec 2023, and Nov-Dec 2024. fig. 1a As you can see here, in both 2023 and 2024 following pushes started around September that took the price above the levels I consider to indicate a long term uptrend. the uppermost peach coloured line is an upper bollinger band based on a 90-week SMA... I have found it provides an accurate idea of multi-year trends, allowing better judgement of the end of a trend as seen when viewing data from the 2020-2021 bullish push. fig. 1b The other set of peach bollinger bands are 2-week length with a positive offset. They act similar to a normal moving average but can give earlier buy-in points, and earlier sell signals. Other than those, there are shorter timeframe versions of both in use, that give indications of oversold/overbought, and of buy and sell points for shorter-term trades. Back to fig 1a, we that following the identified pushes, from November to December, we see a consolidation phase in almost the exact same shape. There's a sharp drop at first, then a short push to attempt a continuation of the bullish trend, and then a sudden sharp drop, forming the largest leg of the pattern. Now, looking at this closely we see that in 2023 BTC hits the upper of the 90-week BB and then bounces back up from it starting the Q1 push of 2024. As we remain above this level, I do not believe the final nail has been driven into BTC's coffin. These next two images, taken from a 6hr chart, demonstrate that this pattern previously mentioned is not just perceived, but reflected in technical indicators. In both cases, the CCI reaches overbought, and pulls back below the MA until it's under 100, where we see a false signal caused by a very short bullish push, after which we see a real push back into overbought, and then a drop to below -100. At this point, I will add that I am neither bullish nor bearish right now. I am not saying the market WILL go up, but that it still has the potential to. Fibonnaci retrace projections are giving me a bit of trouble as using them for the long-term trend is showing that we're at the limit of this push, whereas just viewing this push separately, shows we've hit a key support level which may be why we aren't seeing a real push below 93,000. To conclude, I don't think it's best to write off the possibility of another push just yet, but be ready because that point will be reached within the next month or so. Thanks for reading, if you made it this far - lmk your opinions in the comments. I'll try to update with any interesting developments :)
KRAKEN:BTCUSDLong
by Kendo_84