#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.

#BTCUSDT Bitcoin has broken out of the ascending triangle on the daily time frame. This is not a good sign for the continuation of the upward trend and this is one of the strong patterns for the downtrend. If the daily candle closes and the bearish confirmation signals are there, we can risk-free all our bullish analysis and wait for better opportunities.

#BTCUSDT - UPDATE According to our previous analysis of Bitcoin, we expected the price to enter a downtrend after breaking the range, and that is what happened. The price is in a downtrend after breaking the 114,000 range, and we expect the price to reach the 104,000 range.