BTC/USD – Historical Cycle Analysis & Mid-Term Outlook (1W)
Exchange: Coinbase
Timeframe: Weekly (1W)
Key Observations:
Long-Term Trendline Resistance
The black ascending trendline has historically acted as a major resistance zone since 2017.
Every touch of this line in the past has been followed by a significant correction.
Bearish Divergences (DIV / HDIV)
Red arrows indicate historical bearish divergences on RSI/MACD.
Each divergence marked a local or macro top before a sharp retracement.
Major Historical Resistance – $64,899
Derived from 0.5 Fibonacci retracement of the primary cycle.
Served as a key ceiling during previous cycles before new all-time highs.
Bitcoin Cycle Behavior
BTC historically forms parabolic tops followed by deep corrections.
The current cycle (2024–2025) mirrors 2017 and 2021 structures, suggesting we may be approaching a macro inflection point.
Mid-Term Scenario
Price near the trendline (~$120K) implies high risk of volatility and correction.
Primary support zone: ~$65K (historical + Fibonacci confluence).
Likely scenario: range-bound movement between $65K–$120K before any sustainable breakout or new parabolic leg.
Exchange: Coinbase
Timeframe: Weekly (1W)
Key Observations:
Long-Term Trendline Resistance
The black ascending trendline has historically acted as a major resistance zone since 2017.
Every touch of this line in the past has been followed by a significant correction.
Bearish Divergences (DIV / HDIV)
Red arrows indicate historical bearish divergences on RSI/MACD.
Each divergence marked a local or macro top before a sharp retracement.
Major Historical Resistance – $64,899
Derived from 0.5 Fibonacci retracement of the primary cycle.
Served as a key ceiling during previous cycles before new all-time highs.
Bitcoin Cycle Behavior
BTC historically forms parabolic tops followed by deep corrections.
The current cycle (2024–2025) mirrors 2017 and 2021 structures, suggesting we may be approaching a macro inflection point.
Mid-Term Scenario
Price near the trendline (~$120K) implies high risk of volatility and correction.
Primary support zone: ~$65K (historical + Fibonacci confluence).
Likely scenario: range-bound movement between $65K–$120K before any sustainable breakout or new parabolic leg.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.