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BTC Potential Short-Term PullbackBINANCE:BTCUSDT could be setting itself up for a short-term pullback. It might be forming a Daily RSI Bear Divergence, with the latest retest of the the main supply zone, and RSI Divs/Breakouts have been reliable leading signals for recent CRYPTOCAP:BTC PA. Key Levels to Watch • $119k - Measured wedge target, confirmed with last month's breakout. • $106.2k-$109.5k - Main supply and ATH, a sustained break above it would invalidate any bearish PA. • $89.6k-$91.9k - Lots of confluence here: - Unmitigated daily FVG - The 200-day EMA is sitting there - A move here would be between 0.5 and 0.618 Fib retracement of the last leg up, consistent with the typical pullback length of Wave 2 (Elliott Waves theory) - It has also been an important S/R since November 2024, and a retracement here could form an Inverse Head and Shoulders pattern. I would be patient with it, as I still see a lot of uncertainty short-term, but I think a pullback to ~$90k could offer a great long entry. Worth keeping a close eye on it.
Short
by AliferCrypto
BTCUSD to 90KINDEX:BTCUSD Will likely top out @ ~90K Bearish cycle (12345) wedge was broken (A) and tested (B) with (ABC) correction to 0.5 Consolidation (WXY) around 0.618 of the bearish cycle Breaking of the intermediary wedge and 0.5 of the bearish formation on (1) first impulse Bottom of the bullish wedge touched (1) end Testing of the intermediary wedge after breakout (2) Breaking into the bullish wedge (3) Bounce on 0.764 (4) Limit testing upper side of the bullish wedge around 90K (ABC) correction around 0.764 of the whole (12345) likely Limit testing Lower side of the bullish wedge around 55K 0.618 of the (12345) ✌️
INDEX:BTCUSDLong
by MVPMC
1
BTC topping out at 85-90k in2025 Okt2023 is an accumulation year. The halving effect on the price of Bitcoin is diminishing, and this halving event will likely shock many people. This will be the first halving with almost no noticeable impact on the price. Everyone is gonna hope for Bitcoin to reach $100,000, but this will not gonna happen because HKEX:85 ,000 to HKEX:90 ,000 is gonna be the next top. My estimate is that the next bottom for Bitcoin will be around HKEX:40 ,000 to HKEX:50 ,000 in 2026. The Bitcoin halving event occurs every four years and involves cutting the block reward in half, reducing the rate of new Bitcoin issuance. The idea behind this is to create scarcity and increase the value of Bitcoin over time. In the past, Bitcoin halving events have had a significant impact on the price, with previous halvings leading to massive price surges. However, as the Bitcoin market matures and more people become aware of the technology, the impact of the halving events on the price is diminishing. This can be seen in the current halving event, which had little to no impact on the price. This suggests that Bitcoin is becoming a more stable and mature asset, and that investors are becoming more comfortable holding it for the long term. Furthermore, as the Bitcoin market matures, it is likely to become less volatile and more resistant to external shocks. This means that while there may still be significant fluctuations in the price of Bitcoin in the short term, the long-term trend is likely to be upward. In conclusion, the 2023 halving event may not have the same impact on the price of Bitcoin as previous halvings, but this does not mean that Bitcoin is losing its value or becoming irrelevant. On the contrary, it is becoming a more stable and mature asset that is increasingly recognized as a valuable investment in the digital economy.
BITSTAMP:BTCUSDLong
by CyberNetGain
2
BTC BOTTOM ? BTC us u see in chart we in 5 wave impulsive we gor the wave on from 3k to 14 k then we start sharp correction ( zig zag ) to 3800 and that was wave 2 and we start wave 3 that hit 65k and then we in wave 4 correction side way expanded flat correction the rusle for this correction is 3-3-5 we got 3 ABC FROM 65k to 30 k we got ABC above last high from 3 30 k to 69k now we dump in 5 waves down ,now we in daiganole shape 3 waves down if btc didn't lost the 14500$ so btc could go back to hit 93k $ that just a forcast that what i see in chart rn ======================================================= rsi on weekly in falling wedge rsi over sold we was dumping for lng time expanded flat correction ===================== 93k ? is it possipole ?
Long
by moad-legend
4