CryptoNezzie

Bitcoin/USDT Technical Outlook: A Breakout in Sight?The chart illustrates Bitcoin's price action over the past year, showing clear patterns of consolidation and breakout. Here’s a breakdown of the current setup:1. Price Channels: - Bitcoin has been trading within well-defined upward and downward channels. These channels represent phases of accumulation and distribution. - Recent price movement suggests a test of the upper boundary of the current ascending channel.2. Key Levels: - Support is seen near $90,000, forming the base of the current channel. - Resistance is marked around the $100,000-$110,000 zone, coinciding with prior peaks and the upper trendline.3. Potential Breakout: - The vertical line on the chart indicates an important time-based resistance or a key decision point. - A sustained move above $100,000 could lead to a bullish breakout, targeting the $110,000+ range. - However, failure to hold above $96,000 might see Bitcoin retesting lower supports around $85,000-$90,000.4. Volume and Momentum:** - Observing volume trends at these levels is crucial. A breakout accompanied by high volume would confirm bullish continuation, while declining volume might signal a false breakout.Outlook:Bitcoin continues to show strength but faces strong resistance near $100,000. Traders should watch for confirmation of a breakout or breakdown. A decisive close above resistance could propel Bitcoin into uncharted territory, while a rejection might bring opportunities for buyers at lower levels.

Descending triangle typically bearish lets see how this plays out

Pre halving year history shows bulls and bears get equally recked

To begin with, a rising channel is a technical chart pattern that is formed when the price of an asset is moving between two parallel lines, with the lower line acting as support and the upper line acting as resistance. This pattern indicates that the asset is in an uptrend and that buyers are willing to pay higher prices for it.Looking at the BTC/USD chart, we can see that the price has been moving within a rising channel since early 2021. The lower trendline of the channel has been acting as support, while the upper trendline has been acting as resistance. The chart also shows that the price has been making higher highs and higher lows, which is another indication of an uptrend.

BTC with bullish 50MA-100MA cross over. As you can see BTC has been going side ways inside this ascending channel, we really need to break out the top of this channel in my opinion to continue this bull run. Until then its a good accumulation period. This is not financial advice this is just my opinion so take this with a grain of Salt!! Thanks

In my opinion BTC will continue its Macro uptrend if it can hold support above 40K.

BTC is possibly going to drop to the low 40s and bounce off this support continuing its macro uptrend. This is not financial advise this is just my opinion.

In my opinion CAKE has bottomed out here and if it can break the descending triangle has the potential to pump hard! This is not financial advise.

As you can see CAKE has found strong support on the 4HR Chart. I believe once the dust settles in the market after the Elon stuff CAKE will continue to pump. This is not finance advise, this is just my opinion.