BITCOIN IS HEADED TO 90K?

8 de fev.

Symbol - BTCUSD

BTCUSD is reflecting a shift in market sentiment, with its current price action indicating a potential continuation of the ongoing correction. BTCUSD is currently trading within a falling channel pattern, with global market consolidation providing the broader context. There is a possibility of another retest of the 90,000 risk zone. On the medium-term timeframe, Bitcoin has failed to maintain its position near its all-time high, entering the local selling zone below the 99,800 level, and is now within the upper consolidation range. This shift is accompanied by a noticeable negative sentiment within the cryptocurrency market. Altcoins continue to experience persistent declines without any signs of recovery, further highlighting the lack of positive prospects. At this stage, Bitcoin appears to be reacting to the lack of fulfillment of promises from President Trump, as well as ongoing market manipulation and geopolitical tensions. These factors are contributing to the market’s protracted correction phase. New coins created ahead of the U.S. election have siphoned liquidity from the market, adding to the bearish sentiment. This situation, combined with a global trade conflict, has led to a significant market downturn.

Support levels: 95,800, - 91,300, - 90,000
Resistance levels: 1,00,300 - 1,02,670

Technically, Bitcoin may continue its downward movement, potentially testing the 90,000 support level again. As the price approaches this level, the risks surrounding it will increase. Currently, the asset is in a consolidation phase between 95,800 and 1,00,300 which could precede a breakdown and further decline towards 90,000. However, considering Bitcoin’s sensitivity to U.S. political actions, there may be a temporary rise towards the 1,00,300 level before the asset resumes its decline. The likelihood of the price testing the 95,800 level for a breakdown and subsequent fall remains high. However, on a broader scale, the asset still maintains a bullish outlook, with strong support placed in the 90K-91K zone.

12 de fev.

Trade ativo

CMP 95000

It went till 98K as I anticipated in trading idea & now testing breakdown area. A consolidation & breakdown of 95K area will lead BTC to 91-90K zone which is my target.

17 de fev.

Nota

BTCUSD last weekend was quiet with sluggish trading, foreshadowing an equally quiet week with no significant news. The trading area is near 97K, with no movements that could interest investors.
Bitcoin has moved in a narrow range in recent weeks, losing about 11% from its January high of $109K. The market is waiting for drivers, but they are unlikely to appear this week - the economic calendar is empty
The key event will be the publication of the Fed meeting minutes on Wednesday, Where it is expected to confirm the previous level of rates.

25 de fev.

Trade fechado: objetivo atingido

CMP 89700

Although Bitcoin underwent an extended period of consolidation and required significant time to reach its target, it is now testing the critical risk zone of $90,000 and has reached my anticipated target.