Trader, Certified Technical Analyst since Jan 2015. Called the market Tops and Bottom publicly since 2019. Am here to help. Follow me on Twitter @Cryptorphic
BTC is now testing the $60.8k resistance for the 6th consecutive day. The more a resistance level gets tested, the higher the probability of a breakout.
A bullish RSI divergence is still in play on the daily timeframe, suggesting that bearish momentum is gradually weakening. I’ve also marked the major resistance levels on the chart.
Two possible scenarios:
Scenario 1: BTC breaks above $60.8k and slowly pushes towards the $64.2k resistance to print a lower high, followed by another pullback to form a triple bottom before the next major move higher.
Scenario 2:
BTC gets rejected here, sweeps the recent lows, and then starts the next impulsive move to the upside.
Given the current market conditions, it’s difficult to make a high-conviction call. However, if you’re looking to accumulate for the long term, this is the kind of area where slowly laddering into spot positions starts to make sense.
The downside risk from here is relatively limited compared to the potential upside. If BTC reaches $165k over the next 12–18 months, many people will look back at this chart wishing they had accumulated instead of waiting for the perfect bottom.
Most people don’t miss the bottom because they fail to recognize it, they miss it because they’re waiting for a lower price that never comes.
I still see plenty of $30k BTC calls. While anything is possible in crypto, I don’t think that would happen. My preferred accumulation zone remains between $58k to $43k.
I’ll be sharing a detailed chart with all the key support and resistance levels soon, explaining why I believe this zone offers the best risk-to-reward.
Stay tuned, bookmark this chart, and follow the updates.
A daily close above $63.9k could confirm bullish momentum and potentially trigger a move toward the $67k region. As long as support at $60,780 holds, the overall structure remains constructive.
IMX finally broke above the major descending resistance and is now trying to hold that breakout. Price is showing strong momentum after weeks of compression, and buyers are starting to step in aggressively.
As long as IMX stays above this breakout zone, the structure looks bullish and continuation towards higher levels becomes likely. RSI is also pushing higher, showing growing strength behind the move.
Right now, this breakout zone is the key level to watch. If bulls hold it, IMX could see a strong expansion move from here. 👀
$USDT : Well, you knew the levels, and if you followed them, you should be safe. If you FOMO’d in, take this as a lesson, chasing green candles often comes at an expensive cost.
$BTC : Rejected from the 200 EMA on the daily chart. $76,022 is a key Fibonacci level, aligning with the 100 EMA, a zone that has historically acted as a strong support area for Bitcoin.
For those wondering whether to lean bullish or bearish, let me be clear:
As long as this conflict continues, markets are likely to remain unstable, not one-directional. Right now, a more tactical approach makes sense. Short-term positioning and disciplined risk management matter more than long-term conviction on most assets. Many projects struggle to sustain value as narratives shift quickly with each cycle.
This isn’t the same “buy and hold” environment, it has changed significantly. I’ll be sharing a detailed article tomorrow on how to approach and trade in these market conditions.
$BTC is retesting the lower support trendline that has held since April now acting as resistance 23, 2025. For a bullish move to kick in, Bitcoin needs to close above this level.
The good part, no new lows below $107,255. Zoom out and you’ll see the structure is still intact.
Key trigger: reclaim and hold above $113.5K. Everything still lines up for a strong start to #Uptober.
$BTC is testing the 115K support zone. Holding this level keeps the bullish structure intact. If it breaks, expect a deeper correction toward lower liquidity areas.
You wanna know where the local bottom for $BTC could be?
It’s likely between $112K–$113K , that’s the key liquidity zone and also aligns with a clean Daily FVG. High confluence area. I’ve got two scenarios here. Watch how price reacts there.