#BTCUSDT As we posted in the previous analysis on the channel, we considered the strong rise of Bitcoin and this analysis of ours is approaching its first target and we expect it to touch the target of 89435.9 soon.

We will soon publish a complete and new analysis of Bitcoin.

#BTCUSDT Bitcoin is in an ascending channel, which is located near the ceiling of this channel, which can be considered a resistance, and it is expected that after reaching the ceiling of the channel, we will see a correction and the price will fall, and this correction can be up to the midline of the channel.

Residence range: 100951.1 - 105771.3

Corrective range: 73881.4 - 77409.1

#BTCUSDT Bitcoin seems to be forming a bullish continuation pattern and is approaching its support trendline. If the price is supported, we can expect price growth.

#BTCUSDT UPDATE
As we posted in the previous analysis and expected, Bitcoin moved upward and reached the first target of our analysis, and we can make your trade risk-free if you have done so and wait for the higher targets of our analysis.

#BTCUSDT If the trendline 2 resistance is broken, Bitcoin will reach $48,000. And it means the end of Bitcoin's upward trend, $110,000 is the highest price ceiling of Bitcoin. As is clear from the chart, Bitcoin's upward trend has the AB=CD pattern and the loss of the first price support line, and the price is in the hands of the bears with strong power. This is the beginning of the downward trend and the price will attract support line 2 and move towards it.

#BTCUSDT Now that Bitcoin is returning to the cup-and-handle support, one can expect a strong pump up to 130k . it might happen.

#BTCUSDT UPDATE As expected, the price managed to break the R2 resistance and is moving towards the 2 support. It seems that the price is ready for bearish situations.

#BTCUSDT Bitcoin is presenting us with a very clear and strong bullish bias. The action is happening within a very tight falling wedge pattern. All market conditions are bullish, technical and fundamentals. Everything is pointing up starting several days ago. 7-April Bitcoin produced its 2025 market bottom low. From this date on, we will see growth until late 2025 or maybe until early 2026 or beyond.

#BTCUSDT Bitcoin is in a bullish position. As you can see in the chart, the price has managed to bounce back nicely after hitting the support area. We expect the price to at least reach the ceiling of the pattern and even reach $150,000.

#BTCUSDT UPDATE We previously published this analysis, as you can see, the price is moving towards our target range. We expect the price to touch $150,000 if the trendline resistance is broken.

#BTCUSDT Bitcoin has broken the trendline and the price is expected to enter a downtrend. The target of this downtrend could be $90,000.

#BTCUSDT Bitcoin is in an uptrend on the one-hour timeframe. If the trendline breaks, we can prepare for the ceiling target of this uptrend.

#BTCUSDT Bitcoin is now trading below its 20-Jan 2025 peak price. And it is also producing a lower high. Both bearish signals that are pointing to a lower low.

If the first drop settled around 100K, the second one should settle in the low 90K or right below 90K. It can go lower of course but we go step by step. I am not saying GO SHORT 20X again. This would only be possible for people who are smart, experienced traders and those that can take advantage of a changing situation without breaking their portfolio or long-term plans. Those can definitely SHORT this setup and profit short-term.

#BTCUSDT Bitcoin is sideways right now and is moving in a very tight and narrow range. All the action has been happening between $117,000 and $120,000 based on candle close since 11-July. This is bullish, think about it.

Bitcoin hits a new all-time high and next thing you know it turns sideways very close to resistance. The only drop was short-lived and everything sold was quickly bought. Why is Bitcoin consolidating so close to resistance? It is preparing to move ahead.

#BTCUSDT Bitcoin is reaching an important range after recent gains. The price is approaching important Fibonacci levels of 0.5 and 0.618. We expect the price to continue to grow if it reacts well to this range.

#BTCUSDT The price has bounced back from the range we had identified and is currently above the 200-day EMA. If the price closes below the EMA, we can predict a bearish trend for the market that could correct the price to the 104,000 range.