A little technical analysis on BTC chart

[Zaguru12]

Bitcoin may still dip further if you ask me before it pumps further, because some policies are yet to be signed into law like the CLARITY Act which focuses on market structure by regulating exchanges, the crypto tax reform or tax modernization which focuses on Bitcoin for everyday use.
A little T.A won't hurt but should help guide intelligent traders on when to trade, when to observe the market and when to apply stop loss or other risk management practices to guide and ensure profitable returns instead of losses.

Bitcoin market today stands at a record -13% loss after the Market broke a 200W EMA and the support at $68k and with trade laws still flying around I don’t think any of the new fundamentals even if signed will actually change the sentiment of the market at this particular period of time, the bitcoin market is currently at an extremely fear level with 11% been the level for the fear.

Technical analysis or using things indicators like Fibonacci retracement the market indicates that there is going to be a bitcoin fall with the market testing the $62k and should it been broken then a downward movement until $59k will be followed up.

[Yamane_Keto]

According to the chart, if BTC cant hold the $73K price, we should expect $60K price

I agree with you; the continued stay below $80,000, specifically at the $78,490 level for an extended period, is a clear indication that we will reach levels of $60,000 or $65,520.

My prediction has already happened, and happened quickly. $65,520 will not be the bottom. It is true that the price will stabilize between $65,000 and $75,000, but the long-term bottom is at $49,000. Therefore, unless there is a rebound during February or March, we will test $49,000 before the end of the year.

[dwyane36]

My prediction has already happened, and happened quickly. $65,520 will not be the bottom. It is true that the price will stabilize between $65,000 and $75,000, but the long-term bottom is at $49,000. Therefore, unless there is a rebound during February or March, we will test $49,000 before the end of the year.

Considering the rate at which BTC and alts are falling, I would say that the bottom will be reached in the medium term rather than the long term. However, I personally don't expect the bottom of BTC to be below $50k. Most likely, the bearish trend will end in the range of $50 to $60k.

[bitgolden]

While 49k could be the bottom, I would say that there is really never a proper method of calculating what the bottom will be in the crypto world. Bitcoin could be lowest at 50k, or could be lowest at 30k and we would not know because it all is tied to thin margins and sensitive movements.

Like if some big company, like MicroStrategy or whatever, like anyone who has hundreds of thousands of bitcoins, and decides to sell it all at once, that would crash the market and flood it with bitcoin which would make it cheaper.

[suzanne5223]

According to the chart, if BTC cant hold the $73K price, we should expect $60K price

I agree with you; the continued stay below $80,000, specifically at the $78,490 level for an extended period, is a clear indication that we will reach levels of $60,000 or $65,520.

My prediction has already happened, and happened quickly. $65,520 will not be the bottom. It is true that the price will stabilize between $65,000 and $75,000, but the long-term bottom is at $49,000. Therefore, unless there is a rebound during February or March, we will test $49,000 before the end of the year.

Yes, your prediction did happen, and so is my prediction. Although the last low was $60,074.20, not $60,000. However, I don't see any reason for Bitcoin to downtrend to the $49,000 price range now unless we are to see a bottom price of $20,000 before this year comes to an end, which is why the rebound happened.
In the meantime, let's wait and see what will happen in the next week's market.

[Pressurizedem]

Nice chart but I don't believe in all these technical analysis anymore because it's not certain that it will play out that way. The market is currently beyond technical analysis because fundamental analysis is superior to technical analysis since the market is controlled by investors sentiment which is how they react to the latest news on media.

I believe we are in the bear market and there's an ongoing geopolitical crisis, I expect bitcoin to dip more, it wouldn't be so fast but in a gradual process. It's time to keep your DCA ongoing.

The market, I think none of us can control the market not even these top whales in the market. Understanding the technical analysis of the market is quite good for everyone to know and get acquainted with. At least with the little we have, there have been good reasons to know how the market works, one wouldnt just be blind and watch the market manipulate you, you stand a chance to have an edge against the market.

There we have the bear and bull market, something tells us to always to what we're doing and always planning ahead because in as much as we're planning to explore the market, the market is also here to ensure we're tied down. Bitcoin is having some rough movement, this is the time to test investor's and traders mindset and patience, they ought to wait till the bear season is over.

[Puzzled_bystander]

The price seems to become prone to rolling over again, being unable to hold firmly above the old ATH. I can see no upward momentum, neither on lower intermediate timeframes nor at ultra-short term intervals (1-15 min), where the bears are clearly in control again. The price got rejected multiple times and quite sharply below 72K and has successively lost 71K, 70K and now seems on course to fall below 69K shortly.

The unresolved geololitical risks in the Middle East and associated potential for escalation could be weighing on the price. Gold continues to show considerable strength, though oil prices have not shown dramatic movement yet.
More broadly speaking, the volatility index, though having climed down from recent highs, appears to be in an upward rising channel.

The article headline below is somewhat sensational IMHO. We don't know what was transported by these aircraft, it could be ammo for strike platforms or defensive equipment, or both.
Whatever is the case, it seems clear that the US continues to strengthen its capabilities in the region and that a major effort is currently underway to that end.


https://www.zerohedge.com/military/least-112-usaf-c-17-aircraft-headed-middle-east-desert-storm-levels

[Wind_FURY]

--Snip--

What are your thoughts though.

There's a high probability that Bitcoin will crash below the 200-Weekly SMA Line again.

How low? My reply, ¯\_(ツ)_/¯

But be ready and place some of your bids somewhere between $40,000 and $60,000.

Buy the DIP, and HODL!

[OsaiEmma]

--Snip--

What are your thoughts though.

There's a high probability that Bitcoin will crash below the 200-Weekly SMA Line again.

How low? My reply, ¯\_(ツ)_/¯

But be ready and place some of your bids somewhere between $40,000 and $60,000.

Buy the DIP, and HODL!

Certainly buying the dip....thanks for your thoughts and suggestions.

Truly, this is the bear market and it's certainly a time for more accumulation so as to fatten up you bag/portfolio, it's not time for panic selling, just as JP Morgan once said, you buy when others are selling and sell when others are buying, that's certainly how to make the money(my part :⁠-⁠) ), and it makes a lot of sense cause if u buy from those that are panic selling, you'll be buying cheap, and sell to those that are having the FOMO, you'll be selling costly, it's just simple common sense.

With that being said, it is certainly time to keep accumulating and DCAing in this discounted price with whatsoever strategy that best suits you as an investor, although NFA

[Wakate]

I have seen so many charts and analysis about Bitcoin and it does not mean that their charts are going to bring useful information about what is going to happen soon around the crypto market. Price is still struggling to maintain a position which we are still trying hard to see what will be the outcome of Bitcoin whether going bull or bear.

[Wind_FURY]

--Snip--

What are your thoughts though.

There's a high probability that Bitcoin will crash below the 200-Weekly SMA Line again.

How low? My reply, ¯\_(ツ)_/¯

But be ready and place some of your bids somewhere between $40,000 and $60,000.

Buy the DIP, and HODL!

Certainly buying the dip....thanks for your thoughts and suggestions.

Truly, this is the bear market and it's certainly a time for more accumulation so as to fatten up you bag/portfolio, it's not time for panic selling, just as JP Morgan once said, you buy when others are selling and sell when others are buying, that's certainly how to make the money(my part :⁠-⁠) ), and it makes a lot of sense cause if u buy from those that are panic selling, you'll be buying cheap, and sell to those that are having the FOMO, you'll be selling costly, it's just simple common sense.

With that being said, it is certainly time to keep accumulating and DCAing in this discounted price with whatsoever strategy that best suits you as an investor, although NFA

That's the difference between YOU and ME. There's no selling, only HODLing Bitcoin, until it has surged to parity as Gold's Total Market Value.

You want to be rich? Learn to HODL.

[ZAINmalik75]

Nice chart but I don't believe in all these technical analysis anymore because it's not certain that it will play out that way. The market is currently beyond technical analysis because fundamental analysis is superior to technical analysis since the market is controlled by investors sentiment which is how they react to the latest news on media.

I believe we are in the bear market and there's an ongoing geopolitical crisis, I expect bitcoin to dip more, it wouldn't be so fast but in a gradual process. It's time to keep your DCA ongoing.

Technical analysis is always going to be an important part of trading, because no matter how positive or negative the news is, we can't trade solely on that news, we need to find where to buy and when to sell. With technical analysis it all becomes easy. Otherwise you could not know if the news is bull, should we buy it, or once the public started to buy the news, when to sell?
Therefore, always look at technical part as well.

You are right, bear market is here, we beleive it or not, but it is. Therefore we must find some good tokens to invest for short and long term. Bitcoin might dip to $65k but it will be for short term only, because bitcoin follows a pattern, a four year cycle, right now it is into bear season but there were talks of super cycle but it did not followed that path.

[JeffBrad12]

I have seen so many charts and analysis about Bitcoin and it does not mean that their charts are going to bring useful information about what is going to happen soon around the crypto market. Price is still struggling to maintain a position which we are still trying hard to see what will be the outcome of Bitcoin whether going bull or bear.

The charts are good to show us supply zone, resistance, and potential of reversal through EMA cross though. Could be a meaningful information for people looking to open trading position by setting limit buy order with take-profit and stop-loss since they know where to invalidate and where to buy.
Prediction like this are never a good indicator to buy or sell on spot for long term because accuracy is rarely above 55%. It's mixture of speculation with some educated guess, nothing more.

[summonerrk]

The Bitcoin price market is influenced by many factors, and many people want to understand what it is correlating with now, it is clear that there is definitely an inverse correlation with gold now, and it seems to be correlating with Nasdaq again.
In general the market can stay irrational (or seem so) for much longer than your margin position can handle.
The real war between Iran and Israel began on April 1, 2025, when some kind of rocket flew into the Iranian Consulate in Damascus, where the IRGC officers happened to be.
Since then, the Israeli shekel has increased by 21% against the dollar! Today It tested the lows since November 2021.
The graph clearly shows the 3-month distribution zone, when the shortists were periodically harshly taken out. Then they just removed the bids.

[summonerrk]

I recently Googled charts on how new BTC buyers are accumulating.
The number of coins that have not moved for 3-6 months is increasing, which often indicates the absorption of supply. That is, in fact, these guys recently bought Bitcoins during the fall and are sitting without moving them anymore.
If this trend of their accumulation continues in the future, it will usually be followed by an increase. After all, it is obvious that such investors believe that now is the bottom of the Bitcoin price and this is a great time to purchase coins for their long-term storage, and most likely they will think about selling somewhere at the price of the previous maximum.

[SquirrelJulietGarden]

There's a high probability that Bitcoin will crash below the 200-Weekly SMA Line again.

How low? My reply, ¯\_(ツ)_/¯

But be ready and place some of your bids somewhere between $40,000 and $60,000.

I agree with you but it can be a vague opinion or advice for people who don't know about market history and past corrections from All Time Highs to bottoms. There is no benefit rewarded to me but sharing insights to others don't cost me anything, and I am glad sharing what I know.

Bitcoin historical cycle parttern points to bottom price for this cycle.

Buy the DIP, and HODL!

If you can't buy, can't HODL, you won't be rich. To motivate people doing this, but not financial advice, this map can help.
https://hodl.camp/

The chart on Bitcoin profitable days can be helpful and motivational too.
https://www.bitcoinmagazinepro.com/charts/bitcoin-profitable-days/

[jcojci]

There's a high probability that Bitcoin will crash below the 200-Weekly SMA Line again.

How low? My reply, ¯\_(ツ)_/¯

But be ready and place some of your bids somewhere between $40,000 and $60,000.

I agree with you but it can be a vague opinion or advice for people who don't know about market history and past corrections from All Time Highs to bottoms. There is no benefit rewarded to me but sharing insights to others don't cost me anything, and I am glad sharing what I know.

I even thinks that the plunge could be $30,000 for the lowest price and $50,000 for the stable level but no one knows. The price could stay for some time to that price level.

Hope they can buy and hodl with strong hand and not lose hope.

After hitting $126,000, the crash will be very deeper so be ready for that.

[summonerrk]

A key bitcoin level has emerged that should be monitored. If you look closely, the range from $72,000 to $74,000 has been a key resistance level for two years. And two years is quite a long time for a really strong resistance level to be created.
Yesterday we bounced off the upper limit of the range. However, if we close higher, we will face an intra-network "air gap" at the level of 74-79 thousand dollars. I understand that this may be spoofing, and the walls of orders disappear like fog, but still it is also worth knowing.

[SquirrelJulietGarden]

I even thinks that the plunge could be $30,000 for the lowest price and $50,000 for the stable level but no one knows. The price could stay for some time to that price level.

Hope they can buy and hodl with strong hand and not lose hope.

After hitting $126,000, the crash will be very deeper so be ready for that.

If anyone still hesitated since latest months and have been waiting for opportunities to accumulate Bitcoin, price around $60k is very good and they can start their DCA from this price area. Any prices under $60k to either $50k, $40k or $30k will be very good discount for buyers as they will easily have x2 of their capital if Bitcoin recovers to ATH while we know that Bitcoin usually makes new ATHs with its new market cycle.

So buying now and with any lower prices will potentially bring more than x2 profit for intelligent investors who understand about the market cycle, strong in mentality, well prepared in finance and investment capital, then are able to buy and hold till next ATHs.

[summonerrk]

Analysts have noticed that Bitcoin liquidation levels are becoming more apparent. Currently, most of the open positions are long.
Over the past few days, the price of BTC has been moving in a sideways volatile range, causing the forced liquidation of both long and short positions. However, long positions are currently dominated with a maximum loss of around $61,000, while short positions are concentrated near $75,000...