parraggon

BTC/USD | 1D Chart | April 2025📊 Technical Analysis:Bitcoin is maintaining its bullish structure within a well-defined ascending channel. The price has bounced off the lower trendline (green), which has provided strong support multiple times (see green arrows).Currently, BTC is consolidating near $83,800, and a breakout from this zone could initiate the next impulsive move towards the midline and upper trendline resistance (~$128,000).Support Levels: ~$80,000 (trendline)Resistance Levels: ~$90,000, ~$110,000, and ~$128,000Bullish Trigger: A confirmed breakout above $90,000 could signal strong continuation🌍 Fundamental Analysis:Bitcoin Halving (April 2024): Historically, BTC rallies post-halving due to reduced supply. The next supply shock could fuel a rally.Institutional Demand: Spot Bitcoin ETFs continue to see record inflows, with firms like BlackRock and Fidelity accumulating BTC aggressively.Macroeconomic Factors: With inflation concerns persisting, investors are turning to Bitcoin as a hedge, pushing prices higher.📈 Trade Idea:Entry: $84,000 (Breakout Confirmation)Stop Loss: $79,000 (Below Trendline)Target Range: $110,000 – $128,000 (Channel Resistance)

Technical Analysis:The provided chart illustrates Bitcoin's (BTC/USD) current position within a descending channel, marked by red resistance and green support lines. The series of lower highs, indicated by the red arrows, reinforces the prevailing bearish momentum. A potential breakdown from the current trading level of approximately $85,079 could lead to a decline toward the green support line, aligning with a target price around $70,000.​Fundamental Analysis:Recent developments provide additional context to this bearish outlook:​Market Sentiment: Betting markets suggest that Bitcoin has likely peaked for the year, hovering just above its January high of $109,000.Macroeconomic Factors: Concerns over President Trump's tariff policies and broader economic conditions have contributed to Bitcoin's recent decline. Analysts warn of further downside risks due to ongoing uncertainties in global trade and inflation. Trading Strategy:Entry Point: Consider initiating a short position on BTC at the current price of approximately $85,079.​Target Price: Set a price target of $70,000.​Stop-Loss: Implement a stop-loss order at $88,000 to manage potential upside risk.​

Technical Analysis:Bitcoin is currently trading within a descending channel, struggling to break above resistance. The price has rejected the upper boundary and could continue its downtrend toward $72,000 - $73,000 if support around $83,000 fails.Key observations:•Lower highs & lower lows confirm a bearish structure.•A break below $83,000 - $82,000 could accelerate selling pressure.•The next major support zone is $72,000 - $73,000.Fundamental Analysis – Institutions and Governments Increasing Reserves:•The U.S. government now holds around 200,000 BTC (~$17 billion), primarily seized from criminal cases. Their decision to maintain these holdings instead of liquidating suggests a potential shift in long-term Bitcoin adoption.•MicroStrategy continues to accumulate BTC, now holding 423,650 BTC (~$42.43 billion), reinforcing corporate adoption of Bitcoin as a treasury asset.•Coinbase now custodies 12% of the total Bitcoin supply, making it the largest Bitcoin custodian. This highlights institutional confidence in Bitcoin’s long-term value.•Despite these bullish fundamentals, ETF inflows have slowed down, and macroeconomic uncertainty (such as potential Fed rate hikes) could put pressure on Bitcoin in the short term.

BTC/USD is currently trading within a descending channel on the 1H timeframe. The price has recently bounced from the lower trendline support, indicating a possible reversal.Key Levels & Observations:•Support Zone: ~ $78,000 (recent low & trendline support)•Resistance Levels:•$95,000 (major resistance level within the channel)•$96,000 (potential breakout level)Trading Idea:A bullish move is anticipated if BTC holds above the lower trendline. A potential target is the mid-channel resistance ($93,000), with an extended move toward the upper boundary ($94,600). A break above this level could signal a broader trend reversal.

BTC/USD is currently trading around $95,700, showing signs of a potential bullish continuation. The recent consolidation suggests that buyers are absorbing supply before the next leg up.Key Observations•Bullish Structure: The price is forming a potential higher low near support (green trendline), indicating strength.•Liquidity Grab & Reversal: A deeper pullback to the green support area could serve as a liquidity sweep before an impulsive move higher.•Targeting All-Time Highs: If price follows the projected yellow path, we could see a rally toward the $117,857 - $120,000 resistance zone, aligning with the red trendline.Trade Plan•Wait for a pullback toward the lower trendline (~90K - 92K).•Look for bullish confirmations (rejection wicks, bullish engulfing, etc.) before entering.•Target: $117,857 and possibly higher if momentum sustains.⚠️ Risk Management: If BTC loses key support (green trendline), bullish momentum could weaken, requiring a reassessment of market conditions.