BTC/USD Bullish Potential for 2025 – All Eyes on the BananaZone
Overview: Bitcoin has taken a leap, showing an impressive 16% weekly gain and testing the critical $80,000 psychological barrier. This surge is not just a short-term rally but may signal the start of a substantial move higher, possibly driving prices toward the $120,000 target in 2025. Here’s what I see in the chart:(Weekly)
Technical Breakdown:
Ichimoku Cloud: Price is well above the cloud, confirming bullish momentum. The future cloud (Senkou Span A and B) projects continued strength, reinforcing the uptrend.
TheLark LMA (0.77): The upward sloping line shows strong medium-term support at $62,278, matching with prior consolidation zones.
Key Resistance and Support:
Immediate resistance is the $80,000 mark.
The previous breakout zone around $67,357 should act as strong support.
Cipher B displays a healthy wave uptrend, signaling room for further bullish continuation.
RSI Analysis: CM_Ult_RSI_MTF stays comfortably above 50, indicating bullish strength. The last red zone marked in 2024 highlights previous corrections, but with the current RSI showing upward momentum, a bullish scenario is more plausible.
Projection: The chart hints at a significant move, possibly an 80%+ price surge, targeting $120,000 in the medium to long term. The Banana Zone 🍌 (marked on the chart) highlights the breakout potential. Breaking and holding above $80,000 confirms the bull run is intact, with room to hit new all-time highs.
Conclusion: While BTC remains volatile, the signals point to a promising path forward. A decisive weekly close above $80,000 could trigger major bullish momentum into 2025. Let’s monitor the RSI and Ichimoku cloud for any changes in strength.
Follow me Zenenrgy8 for more chart analysis. NFA.
https://www.tradingview.com/x/wqiEz6Qd/
Technical Breakdown:
Ichimoku Cloud: Price is well above the cloud, confirming bullish momentum. The future cloud (Senkou Span A and B) projects continued strength, reinforcing the uptrend.
TheLark LMA (0.77): The upward sloping line shows strong medium-term support at $62,278, matching with prior consolidation zones.
Key Resistance and Support:
Immediate resistance is the $80,000 mark.
The previous breakout zone around $67,357 should act as strong support.
Cipher B displays a healthy wave uptrend, signaling room for further bullish continuation.
RSI Analysis: CM_Ult_RSI_MTF stays comfortably above 50, indicating bullish strength. The last red zone marked in 2024 highlights previous corrections, but with the current RSI showing upward momentum, a bullish scenario is more plausible.
Projection: The chart hints at a significant move, possibly an 80%+ price surge, targeting $120,000 in the medium to long term. The Banana Zone 🍌 (marked on the chart) highlights the breakout potential. Breaking and holding above $80,000 confirms the bull run is intact, with room to hit new all-time highs.
Conclusion: While BTC remains volatile, the signals point to a promising path forward. A decisive weekly close above $80,000 could trigger major bullish momentum into 2025. Let’s monitor the RSI and Ichimoku cloud for any changes in strength.
Follow me Zenenrgy8 for more chart analysis. NFA.
https://www.tradingview.com/x/wqiEz6Qd/
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