BITCOIN is preparing for an ATH update. What happens next?

The time has come when all the investors who bought bitcoin at $69,000 will be able to sleep peacefully. But what will happen after the historical high is updated?

To begin with, there is a good chance that bitcoin will continue to grow without correction or even consolidation.

The result will be a renewal of historical highs. This is evidenced by the dominance of USDT, which shows the prospect of a drop to 3.7-3.9%:

snapshot

In addition, the focus on bitcoin is further confirmed by the growth of its dominance:

snapshot

After updating the historical highs, we expect a sharp impulse to fall in the range of $57700-60000. If the upward wave is not complete, the BTC price should not fall and consolidate below this range.

For us, the range of $57700-60000 is a critical point for determining a new medium-term trend in the market. If buyers hold this range, we will consider a long position in altcoins in the medium term.

If the BTC price breaks through this range without any problems and stops in the range of 50000-52000, we will look for entries into short positions during a new local growth wave:

snapshot

Another question is what will happen to altcoins at this time!

Bitcoin is still behaving like a risk asset#ai #BTC #Write2Eam #TrendingTopic: #tretrending

After reaching a new all-time high yesterday, Bitcoin underwent a mini flash crash, erasing more than 14% in less than five hours and falling below $60,000. Nevertheless, it took only a few more hours for Bitcoin to recover and get back above the $66,000 handle, where it currently trades. The number of Bitcoin addresses with balances exceeding 1,000 BTC slightly increased, while those with balances exceeding 100 BTC dropped by a small margin. In our opinion, yesterday’s price action is a prime example of Bitcoin remaining a risk asset rather than a safe haven that many people consider it to be. Consequently, we remain highly vigilant in this euphoric state of the market.

BITCOIN → Rally stop. When do we reach $69 000 - $70 000?

#TrendingTopic #BTC #Write2Eam
BTCUSD
is testing 64K on the background of the rally triggered by the huge buying interest and is likely to enter the consolidation phase again. There is a little more than 10% to the global target, when will we reach it?

The prospects for BTC are quite high as BTC-ETF advertising campaigns, trading volumes, records in ETFs, buying interest in both BTC and BTC-ETFs together continue to gain momentum.

BTCUSD is testing 64K quite a bit faster than everyone expected back in January-February. The strong distribution is once again transitioning into consolidation. At the moment, intermediate and global targets are 64900, 67800 and 69000.

Strong support zones are the 50-52K zones and the places where strong lines are crossed. Based on market data, a huge amount of BTC was bought here, which makes this area an intermediate market bottom.

Also worth noting is the 59K-60K support, similarly, there has been huge buying in this area, which also identifies this area as an intermediate bottom and strong support.

As for local prospects.
The 64K-60K range is being formed. This range plays the role of consolidation while the price is restrained by its borders. On the background of price stoppage after strong growth, GBTC outflows increase again, some resistance area is formed, as well as strong liquidity below the local lows.

While the price is in consolidation, all these areas of liquidity will be liquidated, the price may test the support of 61K, 60K, 59500, as well as 0.236 fibo or even 0.382 fibo. Inside this range, between 64-60K, it is not worth to open trades, the best choice will be strong support areas.

BTC…whats coming next ?

Bitcoin / Tether

trendanalysis chartpattern fundamental btcusd bitcoinprice btcusdanalysis btcupdate btcusdt bitcoin btcusdtperp btctechnicalanalysis btctrading
Mar 2
BTC / USDT

BTC is seeing a significant surge in price by more than 13k since my last analysis! (see in the attachment below)

⚜️CHART ANALYSIS:

We can see BTC is moving in a massive ascending channel since 3 years !
The middle-line of channel acted as important S/R key level its also equates the 0.618 fibo level thats why after breaking out this level with strong volume 2 weeks ago, I published my last bullish idea about BTC is targeting 100k !

⚜️So whats coming next here :
According to my view,Iam bullish and The possible scenarios are:

1- Break ATH first, pullback and continuation toward near 100k

2- Pullback first toward the middle line of channel and then breakout ATH

I tried to simplify my view as much as i can
Whats ur opinion and thoughts? and what scenario has higher chance for you ?

Don't forget to support this analysis and follow for more ideas, setups and analysis

#TrendingTopic #BTC #Write2Eam #Trading_strategy

#BTC #TrendingTopic #Bear Plan for Flat Bull Trap

We've held inside the range of the dramatic 1 hour candle for a while now.

Earlier I was quite concerned as a short about a butterfly forming, spiking out my stops above the high and then reversing but as time has passed I think that less likely. The clean W structure is broken by the long flat range.

At this point I feel the best plan is to assume we're in a flat bull trap which can be a strong break. Makes it worth holding shorts while in this range. However, if we break above it's best to exit shorts. Even if wanting to remain bearish it'd be likely the smarter option would be get out and wait to fade a retest of the high.

We'd be looking at our first target area somewhere around 56K and be more interested in looking for buy signals with tight stops around the 53K area.

If the first swing hits, I'd consider this might be a really important break but even if it is, I think it's very likely we have some sort of bull trap before further downside.

The first drop can also be made in a bull move. One of the reasons I like to plan the buy levels off a drop here is so I can get long and then short against my position. Trail my buy stops to be taken out in a reversal but hopefully if my short stops are going to hit it just runs through and I stay in the buy.

If this first drop swing hits and we fail to make a new high I think there's a really good case to be made for this being a failure of the uptrend.

Did the BTC uptrend fail in 2022?
#BTC #TrendingTopic #Win2earn

🔥 Bitcoin's FIRST EVER New All-Time High Before

trendanalysis chartpattern indicator btc bitcoin crypto usdt eth ethereum signal chart pattern
In my most recent BTC analysis I talked about the fact that my volatility depth indicator predicted a major move for Bitcoin, which would most likely be a bullish one.

🔥 Bitcoin Volatility Alarm 🚨 Potential New All-Time High Soon!

Few days and +15% later, the indicator has yet again predicted a massive move for Bitcoin. We're currently only ~16% away from a new all-time high. In my view, we're going to make a new ATH before the halving in April.

The blue lines indicate the two major tops of the last bull cycle. This area will function as a major area of resistance. My expectation is that we will reach this area in the coming 1-2 weeks, but stay around that area for 2-4 weeks. Bulls have to prepare themselves and let major oscillators like the RSI cool off.
#TrendingTopic #BTC #Write2Eam #Trading_strategy #tradingprofit

BITCOIN SHORT : CAN'T WAIT TO SEE WHAT THEY BLAME THIS ONE ON

trendanalysis chartpattern beyondta bitcoin btc short sell retracement lezz dump method

Gather around boys 'n gurls.
No, Dorian Gray, I'm not homosexual.. I love women..

Now..
Been carrying on about this one for what feels like forever..
Ever tried, ever fail, right..

With a little luck, I might get my wish granted this time..

I want a squirrel onzie for my birthday!! There, I said it..

***
In other news..
Bitcoin's headed to a dark place..
You may want to stop lying to yourself and close those long positions..
#Write2Eam #BTC #Trading_strategy #TradeWithConfidence #TrendingTopic

🅱️ I Was Wrong About Bitcoin —Pt 3—Grand Finale! $100,000 Next!

Bitcoin is now trading almost at $55,000 and getting close to a new All-Time High.
The next target...

Good Monday my fellow Cryptocurrency trader, I am hoping you are having a great start to this week.

Let's consider our previous bearish view of the market, how this can change and evolve into why Bitcoin is headed toward $100,000+ within weeks based on current price action.

First, let's admit defeat... I was wrong about Bitcoin.
➖ I was obviously wrong about calling for a Bitcoin correction.
➖ If not wrong, in the least way too early, but let's keep it at wrong.
It happens to humans but that's ok, we learn from mistakes.

Where do we go from here?

Looking at the current chart and market situation, it is very wise to say that corrections are a thing the past —the old Cryptocurrency era, and now we can focus on and experience forever more, straight up.

The main and most bullish signals right now affecting Bitcoin and the Cryptocurrency market are the following:

1) The launch of the Bitcoin Spot ETF in the USA.
2) Michael Saylor bought Bitcoin.

The markets can be very wild and unpredictable but some things cannot be ignored. There are certain events in life that are just a catalyst for change.

"This time it will be different," for sure.
And we can expect Bitcoin to move, to continue going straight up.

Resistance can be found at multiple levels above $53,000 such as $55,000, $60,000, $64,000 and $70,000 as new All-Time High but we can be certain based on bullish factors that Bitcoin will go straight to $80,000 first followed by $100,00. If not in February, then surely in March or April; if the bulls follow up.

Now, let's be a little more exact: The next target for this bullish wave, if Bitcoin can go beyond $55,000 weekly, stands at $79,600 (~$80,000) and the $104,110 to $114,575 price range (~$100,000).

How long will it take to get there is the true question.

#TrendingTopic #BTC #Write2Eam #BONK #Trading_strategy

🅱️ The TOP Is In: March 2024 Bitcoin Turns Red ($250K In 2025)

Bitcoin grew by 313.54% coming from a low 21-November 2022 to a peak 28-February 2024. The entire bullish wave lasted 464 days.... WOW!

Wow! Amazing! Incredible! Etc.

We have not seen anything like this since the year 2021... Surreal to say the least but, this is only the beginning; we are only getting started.

While the current bullish wave reached its end, the bull-market is only about to start.

I am grateful to be around and being able to share with this community and play this game.

Let's focus on the positive side.

If this is the "preview," the relief rally or recovery rally, just imagine how far up and strong Bitcoin will be in this newly developing bull-market.

We might end up with $222,222 in 2025 or even $250,000... Too early to say, of course, we are about to enter a correction but we have to aim high, high, high... High up!

👉 We can expect a major correction now, can last 2-3 weeks just as it can last 4-6 months. Once the correction is over, we can expect sustained growth until the bull-run phase in 2025. That is a rough analysis of what we will see in 2024 and 2025.

Once the next correction low is in, never look back! Bitcoin will grow and grow and grow until 2025.

There will be plenty of time to prepare, to plan, to profit, to work... Just remember, it is wise to take profits; we trade to make money; as for the Altcoins; buy and hold!
#TrendingTopic #BTC #Write2Eam #DOGE #pepe

Did the BTC uptrend fail in 2022?#BTC #TrendingTopic #

Let me first say I don't want to argue with BTC bulls. All I want to do is to discuss the properties of trends. We happen to be relating them to BTC and happen to be looking at a bear trend.

In the last new high and drop in BTC something new happened. BTC made a bog drop and when a new high was made there was no follow through extension.

This was the first time that's happened.

BTC bulls were very confident in 100K at the high because every time a high has broken there's been the extension leg.

snapshot

During 2022 we heard the phrase "Bitcoin has never ..." a lot. Then during 2022 a lot of these phrases were invalidated.

So, something new has happened in BTC.

Was it an important shift of trend? That's yet to be determined but if it is, we should be high into the end of a the bull trap section of it now.

There's that feeling of the "Return to Normal".

We have positive news helping to drive sentiment.

Bears are being squeezed out.

During a bull trend, all of these would be things that can come in a breakout setting up. However, in a bear trend all of these are dire warnings of things turning sour.

In this 55K - 60K zone I think bulls should be very careful. If a bull breakout is made there's probably a simple enough long entry around the same price later.

If the failure to extend in a new trend leg and break of the last low in 2022 was a reversal of the macro BTC uptrend then we'd currently be in what would become the worst rug pull setup in the history of BTC.

#TrendingTopic #Write2Eam $BTC

$BTC #TrendingTopic #Bitcoin is now trading almost at $55,000 and getting close to a new All-Time High.
The next target...

Good Monday my fellow Cryptocurrency trader, I am hoping you are having a great start to this week.

Let's consider our previous bearish view of the market, how this can change and evolve into why Bitcoin is headed toward $100,000+ within weeks based on current price action.

First, let's admit defeat... I was wrong about Bitcoin.
➖ I was obviously wrong about calling for a Bitcoin correction.
➖ If not wrong, in the least way too early, but let's keep it at wrong.
It happens to humans but that's ok, we learn from mistakes.

Where do we go from here?

Looking at the current chart and market situation, it is very wise to say that corrections are a thing the past —the old Cryptocurrency era, and now we can focus on and experience forever more, straight up.

The main and most bullish signals right now affecting Bitcoin and the Cryptocurrency market are the following:

1) The launch of the Bitcoin Spot ETF in the USA.
2) Michael Saylor bought Bitcoin.

The markets can be very wild and unpredictable but some things cannot be ignored. There are certain events in life that are just a catalyst for change.

"This time it will be different," for sure.
And we can expect Bitcoin to move, to continue going straight up.

Resistance can be found at multiple levels above $53,000 such as $55,000, $60,000, $64,000 and $70,000 as new All-Time High but we can be certain based on bullish factors that Bitcoin will go straight to $80,000 first followed by $100,00. If not in February, then surely in March or April; if the bulls follow up.

Thank you for reading.

#TrendingTopic #BTC #Write2Eam