Bitcoin's Price Outlook: Support Levels, ETF Surge, and EmergingBitcoin's Price Outlook: Support Levels, ETF Surge, and Emerging Threats
Bitcoin, the world's leading cryptocurrency, finds itself at a critical juncture. While recent data reveals a surge in U.S. spot Bitcoin ETF inflows and identifies a key support level, looming challenges related to liquidity, government policy, and weakening momentum suggest a potential struggle in the near future. The next 30 days could prove to be a game-changer, determining whether Bitcoin can consolidate its gains or faces a significant downturn.
Key Support Level Identified
Technical analysis suggests a crucial support level for Bitcoin at $96,000. This figure coincides with the realized price for short-term Bitcoin holders, a metric that often acts as a reliable support or resistance level. Should Bitcoin fall below this threshold, it could trigger further sell-offs and potentially lead to a deeper correction. Conversely, if the price can hold above this level, it may signal renewed strength and pave the way for a potential rebound.
U.S. Spot Bitcoin ETF Inflows Surge
Despite the uncertainty surrounding Bitcoin's price action, U.S. spot Bitcoin ETFs have witnessed a remarkable surge in inflows. Year-over-year, these inflows have increased by a staggering 175%, with total net inflows exceeding $40.6 billion. This substantial investment from institutional and retail investors underscores the growing acceptance of Bitcoin as a legitimate asset class and suggests a strong underlying demand. The continued accumulation of Bitcoin by these investment vehicles could provide a buffer against potential price drops and contribute to long-term price appreciation.
The Next 30 Days: A Potential Turning Point
The next 30 days are crucial for Bitcoin. Several factors could influence its price trajectory, making this period a potential turning point for the market. These factors include:
• Liquidity Conditions: Bitcoin's price is heavily influenced by the availability of fiat currency. Concerns are rising as critical sources of fiat liquidity begin to tighten. This tightening could make it more difficult for investors to purchase Bitcoin, potentially putting downward pressure on the price.
• Government Policy: The U.S. presidential administration's approach to Bitcoin remains a significant factor. The slow progress in creating a strategic Bitcoin reserve raises questions about the government's long-term vision for the cryptocurrency. Clarity on regulatory frameworks and government adoption could significantly impact investor confidence and market sentiment.
• Technical Momentum: Bitcoin's upward momentum appears to be weakening. Technical charts suggest a potential loss of steam, with indicators pointing towards a possible correction. Traders will be closely monitoring these technical signals to gauge the direction of the market.
Risks to Watch Out For
Bitcoin faces several risks that could hinder its progress and potentially lead to a significant price correction. These include:
• Loss of the $96,000-$110,000 Range: Failure to hold above the $90,600 support level could lead to a retest of the broader $96,000-$110,000 range. A sustained break below this range could signal a more significant downturn.
• Tightening Liquidity: As mentioned earlier, the tightening of fiat liquidity poses a major threat to Bitcoin's price. Reduced access to fiat currency could limit buying power and lead to increased volatility.
• Uncertainty in Government Policy: The lack of clarity regarding government regulation and adoption of Bitcoin creates uncertainty in the market. Negative regulatory developments or a lack of clear guidance could dampen investor enthusiasm.
Balancing Act
Bitcoin's current situation is a delicate balancing act. While the surge in ETF inflows and the identification of a key support level offer some positive signs, the looming risks related to liquidity, government policy, and weakening momentum cannot be ignored. The next 30 days will be crucial in determining whether Bitcoin can navigate these challenges and continue its upward trajectory.
Conclusion
Bitcoin's price outlook remains uncertain. While the substantial inflows into U.S. spot Bitcoin ETFs and the presence of a key support level offer some encouragement, the cryptocurrency faces significant headwinds. Tightening liquidity, the slow progress in establishing a national Bitcoin reserve, and weakening technical momentum are all cause for concern. The next month will be critical in determining whether Bitcoin can maintain its footing or if it is poised for a correction. Investors should proceed cautiously, closely monitoring market developments and preparing for potential volatility. The long-term potential of Bitcoin remains a topic of much debate, but the short-term future hinges on how it navigates these immediate challenges.
Bitcoinidea
BTC/USDT at a Make or Break Moment Analysis Bitcoin is currently forming an inverse cup and handle pattern on the hourly timeframe, signaling potential bearish continuation. The price is testing the neckline support around 96,480 USDT, and a confirmed breakdown below this level could trigger further downside momentum. However, the most critical support level to watch is 92,000 USDTit is essential for Bitcoin to hold this level to maintain any bullish momentum. If BTC closes below 92K, we can expect further declines, possibly towards 88,500–89,000 USDT or even lower. On the upside, 97,500 USDT remains a key resistance, and only a sustained recovery above this level would invalidate the bearish structure. For now, all eyes are on the 92K support zone, as losing this level could lead to a deeper correction in the market.
Bitcoin Price Surges Despite US-China Trade TensionsBitcoin, the world's largest cryptocurrency, has seen a surge in price in recent weeks, despite ongoing trade tensions between the US and China. Bitcoin's price has risen by over 20% in the last few months, and some analysts believe that it could reach a new all-time high in the near future.
There are a number of factors that are driving Bitcoin's price growth. One factor is the increasing adoption of Bitcoin by institutional investors. In recent months, a number of major companies, such as Tesla and MicroStrategy, have announced that they have purchased Bitcoin as part of their treasury reserves.2 This has helped to legitimize Bitcoin as an investment asset and has attracted more institutional investors to the market.
Another factor that is driving Bitcoin's price growth is the increasing use of Bitcoin as a means of payment. In recent months, a number of major companies, such as PayPal and Visa, have announced that they will allow their customers to use Bitcoin to make payments.3 This has made it easier for people to use Bitcoin in their everyday lives and has helped to increase demand for the cryptocurrency.
Despite the ongoing trade tensions between the US and China, Bitcoin has continued to perform well. This suggests that Bitcoin is becoming increasingly decoupled from traditional financial markets. This is likely due to the fact that Bitcoin is a decentralized currency that is not controlled by any central bank or government. As a result, Bitcoin is not as susceptible to the same economic and political risks as traditional currencies.
However, it is important to note that the price of Bitcoin is still volatile and can fluctuate significantly in a short period of time. As a result, investors should be aware of the risks involved in investing in Bitcoin.
Other factors driving Bitcoin's price
In addition to the factors mentioned above, there are a number of other factors that are driving Bitcoin's price growth. These factors include:
• The increasing scarcity of Bitcoin. There will only ever be 21 million Bitcoins in existence. This scarcity is one of the reasons why Bitcoin is seen as a store of value.
• The increasing adoption of Bitcoin by developing countries. In many developing countries, Bitcoin is seen as a more stable and reliable currency than the local currency. This is driving demand for Bitcoin in these countries.
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Overall, there are a number of factors that are driving Bitcoin's price growth. These factors suggest that Bitcoin could continue to perform well in the future. However, investors should be aware of the risks involved in investing in Bitcoin.
$BTC Bearish Trend next 6-8 monthsPosting what I see, as I always do, based on technicals. Sure, fundamentals are all bullish but we have all seen bullish fundamentals like ETF's become top signals. I will say $TRUMP coin was a massive top signal; add to that Michael Saylor on the cover of Forbes, and there are plenty of other things imho, but technicals are all I care about.
Called move after move for Bitcoin, what happens next?
If you been lucky enough to work out my analysis and pull the trigger on the trade setups that played out over and over again, I commend you for your knowledge of how to read an analysis and then use it to make an informed decision.
If you caught the last analysis I mentioned about a bear trap spike below the blue line and as you can see it played out. You can see I have removed the green trendline on left chart as it is now done with and the green trendline on the right hand side chart is basically invalidated now.
We see on the left chart the orange trendline is respected with the candle closing above it. The white major trendline also held as major support. You can see the other trendlines still being used, especially on 4 hour timeframe.
So, what now?
We need to watch for the right hand side RSI to breakdown under the red trendline for BTC to get to 108k.
On the left chart the RSI needs to break back above trendline. In regards to the price action, we can see a massive buy up in the crash candle that was just made. Price could move up to 108k from here now there are trapped short traders below. This would put the right USDT.D chart at the blue trendline and as per previous analysis we know what happens if that then breaks below this line.
On the bearish side, if price loses the light green vwap line then expect another retest of the white trendline.
Smash the like button and good luck!
Called move after move for Bitcoin, what happens next?If you been lucky enough to work out my analysis and pull the trigger on the trade setups that played out over and over again, I commend you for your knowledge of how to read an analysis and then use it to make an informed decision.
If you caught the last analysis I mentioned about a bear trap spike below the blue line and as you can see it played out. You can see I have removed the green trendline on left chart as it is now done with and the green trendline on the right hand side chart is basically invalidated now.
We see on the left chart the orange trendline is respected with the candle closing above it. The white major trendline also held as major support. You can see the other trendlines still being used, especially on 4 hour timeframe.
So, what now?
We need to watch for the right hand side RSI to breakdown under the red trendline for BTC to get to 108k.
On the left chart the RSI needs to break back above trendline. In regards to the price action, we can see a massive buy up in the crash candle that was just made. Price could move up to 108k from here now there are trapped short traders below. This would put the right USDT.D chart at the blue trendline and as per previous analysis we know what happens if that then breaks below this line.
On the bearish side, if price loses the light green vwap line then expect another retest of the white trendline.
Smash the like button and good luck!
BTCUSDT Technical AnalysisSell Bias Explanation
Risky Entry Zone:
Observation: Price entered the "RISKY ENTRY" zone.
Explanation: This area indicates a potential entry point for short trades. Traders should be cautious and ensure they have confirmation before entering, as it is labeled "risky."
Resistance Zone:
Observation: The chart highlights a "RESISTANCE ZONE."
Explanation: This area acts as a barrier for the price to move higher. The presence of a resistance zone suggests that the price may struggle to break above, creating an opportunity for sellers to step in
Price Closed Below the Protected High:
Observation: An annotation states, "PRICE CLOSED BELOW THE PROTECTED HIGH."
Explanation: This indicates that the price failed to break a critical high point, only sweeping and hunting stops suggesting a bearish sentiment. It reinforces the sell bias as buyers are unable to push the price higher.
Liquidity Grab and Break of Structure (BOS):
Observation: "Liquidity grabbed and BOS" is annotated on the chart.
Explanation: This means that liquidity was taken out, and a structural level was broken, indicating a shift in market sentiment towards the bearish side.
Liquidity Grab and Break of Structure (BOS):
Observation: "Liquidity grabbed and BOS" is annotated on the chart.
Explanation: This means that liquidity was taken out, and a structural level was broken, indicating a shift in market sentiment towards the bearish side.
Confirmation Entry Zone:
Observation: The chart highlights a "confirmation entry zone."
Explanation: This area provides additional confirmation for entering short trades. Traders looking for a safer entry can consider entering here once the price confirms the bearish setup.
P.R Area (Secure Position):
Observation: "P.R AREA(Possible rejection area) = secure position" is marked on the chart.
Explanation: This area suggests a point where traders can consider securing their positions, either by taking partial profits or tightening stop losses to minimize risk.
Disclaimer 📢
Remember, trading involves risk. Past successful setups do not guarantee future performance. Always conduct your own analysis and use proper risk management strategies.
Analysis Report for Bitcoin (BTC)1. Recent Price Action
Current Price: $97,123
Recent High: $102,014
Recent Low: $90,000
Price Movement: Bitcoin has experienced significant volatility, recently dropping below $100,000, which has raised concerns among traders. The price has fluctuated between $90,000 and $102,000, indicating a potential consolidation phase.
2. Key Technical Indicators
Moving Averages:50-day MA: $98,500 (currently acting as resistance)
200-day MA: $85,000 (providing long-term support)
Relative Strength Index (RSI): Currently at 52, indicating a neutral stance but leaning slightly bullish.
MACD: The MACD line is approaching the signal line, suggesting a potential bullish crossover if the price holds above $97,000.
3. Volume Analysis
Average Volume: Approximately 10 million BTC traded daily.
Recent Volume: A notable increase in volume was observed during the recent price drop, indicating strong selling pressure.
Volume Patterns: The correlation between price and volume suggests that the recent drop was supported by high selling volume, which may indicate a bearish sentiment.
4. Support and Resistance Levels
Support Levels:Primary Support: $93,000 (recent low)
Secondary Support: $90,000 (psychological level)
Resistance Levels:Primary Resistance: $102,000 (recent high)
Secondary Resistance: $106,000 (key overhead area)
5. Breakout/Breakdown Points
Breakout Point: A close above $102,000 with strong volume could signal a bullish breakout, targeting $106,000 and potentially $110,000.
Breakdown Point: A close below $93,000 could indicate a bearish breakdown, targeting $90,000 and potentially $87,000.
6. Anomalies and Divergences
Divergence: There is a bearish divergence noted between price and RSI, as the price has made lower highs while RSI has not confirmed this trend, suggesting potential weakness in the current uptrend.
7. Risk and Reward Scenarios
Long Position:
Entry Point: $102,500 (breakout confirmation)
Stop-Loss: $100,000 (below recent support)
Target Price: $106,000 (first target)
Risk/Reward Ratio: 1:2 (risking $2,500 to gain $3,500)
Short Position:
Entry Point: $92,500 (breakdown confirmation)
Stop-Loss: $94,500 (above recent resistance)
Target Price: $90,000 (first target)
Risk/Reward Ratio: 1:2 (risking $2,000 to gain $2,500)
Bitcoin is currently in a critical phase, with potential for both bullish and bearish movements. Traders should closely monitor the key support and resistance levels, as well as volume trends, to make informed decisions. The analysis indicates that a breakout above $102,000 could lead to further gains, while a breakdown below $93,000 could signal a deeper correction. Always adhere to risk management principles and adjust stop-loss levels as necessary to protect capital.
Large Bearish idea for current Bitcoin cycle.On the Daily chart very noticeable Double Top ~$107k. Certainly, short term move towards 93k. Afterwards probably the decision to make that will change the outlook of the next 1-2 years.
$85-86k could mean as first support. Then with the break of it, reaching low 70s and high $60s (~530 day downtrend will be near complete). If it were to continue tumble close to $55k (which I don't think it will), I am personally not going to hasitate for a long time to grab as much as I possibly can.
I'm convinced we'll be more than alright after this big Bear Trend.
Bull cycle is not over yet ! (but I am not buying or selling)Bitcoin (and the rest of the crypto market) look very bearish. I am starting to hear and read "the end of the cycle" in youtube and x. I can see the reason why. 4H, daily and even 5D chart look pretty bearish.
However, the weekly setup of momentum indicators make me think it is still too early to say the bull market is over.
Please look at the blue dotted lines in the chart. These areas have very similar setups.
1) All momentum indicators are in the bull zone.
2) It looks that MACD lines are about to cross but haven't. There are many occasions where they look like they are about to cross to the downside but they just touch and resume to the upside. MACD is a very slow moving indicator. It is not very useful for intraday trading, but for the higher time frame (daily, weekly etc), it removes a lot of market noises and is very reliable.
3) The RSI based MA line (orange line in RSI) is still sloping upwards. This line ignores market noises. If the angle of the line is sloping up, the price tends to continue to trend upwards until it starts to change its angle.
4) Stochastic is moving downwards, however, there is a sign it is rolling back to the upside. Stochastic is the fastest reacting indicator among the three. So it provides an early sign of what may be coming.
At this stage, I will not be selling my BTC. (I mean I will not open a long term short position) until I see a clear sign of the trend reversal in the daily or weekly timeframe.
P.S. A lot of price manipulation happens on weekends so in general I won't make a big decision based on the weekend price action.
BTCUSD - Watching for a Pullback Before the Bounce?COINBASE:BTCUSD is retracing, and I’m keeping a close eye on the 98,500 - 99,200 zone. My expectation? A tap into this area, followed by a bounce back toward 102,000.
Why I’m watching that particular zone is because it has provided relatively strong reactions before. So, if buyers step in again, we could see a potential reversal.
🎯My target is 102,000 – If we get a bounce, this is my first price of interest. It’s a realistic target, and how it behaves there will shape the next move.
My plan:
⚡ Waiting for price to tap the zone – with patience.
⚡ Looking for bullish signs – Strong wicks, a shift in structure, or clear buying pressure would confirm the idea.
⚡ Watching 102,000 closely – If price reaches it, I’ll reassess whether it has strength to push even higher.
I’m expecting Bitcoin to pull back into that zone before making its way back to 102,000. If it plays out as expected, this could be a clean move.
⚠️ This is how I see the support and resistance zones—not financial advice! Always confirm your setups and trade with solid risk management.
Bitcoin Faces Resistance for the 7th Time—Breakout or Rejection?Bitcoin ( BINANCE:BTCUSDT ) is attacking the Resistance zone($107,300-$105,400) for the seventh time ; even in one of these attacks , it created a Bull Trap .
During the last two to three days , Bitcoin has formed an Ascending Channel(Black) and another Ascending Channel(Purple) in the 15-minute time frame .
According to the theory of Elliott waves , Bitcoin seems to be completing microwave 5 of the main wave 5 , and we can expect corrective waves at least up to the upper line of the descending channel(broken) .
I don't expect Bitcoin to succeed in breaking the Resistance zone($107,300-$105,400) in the seventh attack , although there is positive news around the crypto market , but I think we need a stronger stimulus to break this resistance zone (real news) .
Cumulative Short Liquidation Leverage: $108,218-$106,476
Cumulative Long Liquidation Leverage: $104,460-$103,911
Note: The negative point is that the upper line of the descending channel was not broken with a large volume, so we hope for the break of the Resistance zone($107,300-$105,400).
Note: If the lower line of the ascending channel(Black) is broken, we can expect further decline and filling of the CME Gap($101,525-$100,375).
Note: If Bitcoin goes over $108223, we can expect more pumps and maybe a new ATH.
Can Bitcoin break the Resistance zone($107,300-$105,400) and create a new All-Time High(ATH)!? Please share your ideas in the comments.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 15-minute time frame.
Be sure to follow the updated ideas.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin Triangle Breakout! What Next?Looking at the 4h, I anticipated at least ±10% on the breakout, which still might happen although it looks less likely as time passes.
It made perfect sense to begin the week with liquidating the long positions. It would either have been the longs or the shorts - someone had to take the hit.
I cautiously played both sides and benefitted from a short sell of around 2% marked on chart.
Where next? It's either going up, down, or sideways.
I'm playing both sides . Redrew a Fib between new high and low then chose my EP, TP and SL. It's still possible to lose with this method.
The larger Fib remains in play as I'm not yet convinced price cannot reach my original ±10% despite it seeming unlikely. Once the last candle has passed the triangle I'll retire that idea.
This won't stop me looking for setups in the meantime.
Skyrexio | Scared Already? The Worst Is Coming!Hello, Skyrexians!
First of all we want you to make calm: BINANCE:BTCUSDT is still in huge bull run and $140k target is still actual. The main question, how it plans to reach this level. Now we have two scenarios and one of them you will now like.
Let's take a look at the daily time frame. The bad signal are two red dots at the top on Bullish/Bearish Reversal Bar Indicator . It could be waves 3 and 5. In this case impulse of higher degree is finished and market is entering the major correction. If our assumption about bull run continuation is right, BTC usually tends to reach 0.38 Fibonacci level. Now this level is at $80k. This is the worst scenario. After that $140k is reachable target.
We also have not so painful scenario. Price now is at the local Fibonacci level. If $96k is going to be hold we can see the extended wave 5, which will reach $140 in the nearest future.
Best regards,
Skyrexio Team
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Bitcoin, BTC, BearishDespite the abundance of positive news and expectations, I would say it's more probable for Bitcoin to dive down to fil the LVN area between 77K and 86K to rebalance the price offerings there and quickly return to POC level at around 97K.
The asset will always move quickly through an LVN area and only stabilize or "park" at a HVN or POC levels, but the problem with the next HVN for BTC is that it's too low, around 65K, which although not impossible yet not probable.
The week could start red, not not sure it'll lastWeekend triangle pattern formed the 4hr.
I expected a Monday breakout to the upside with price action triggering long positions then liquidating them on the way to the GETTEX:97K region.
The reverse could also happen. Breakout to the downside, trigger shorts, then at LSE open on Monday, price reversal, liquidating shorts while rallying towards $112k.
On the back of Trump signing crypto related executive orders, it might be assumed bullish news.
It might have no effect, trigger longs and shorts, liquidate both sides, then trade sideways for the first half of the week.
Note to self: 1) Keep your stops tight or (2) sit this one out until direction confirmed (3) run a neutral bot in the meantime.
Bitcoin has to decideThe Bitcoin triangle pattern in the daily time frame is in a critical time frame and it is time for it to make its own decision. The main structure is bullish, but it seems that Bitcoin needs liquidity in the area of 80,000 for the next rise, in any case, a valid failure of the decisive triangle pattern. will be