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Go to the weekly chart, draw a trendline from the 2021 ATH, and add the 200-week EMA
Right now, it looks like Bitcoin is coming back to retest that level
#BitcoinTrends"
#CryptoAnalysisUpdate
#BTCRetest
#200WeekEMA
#CryptoWeekly $USDC $BNB $BTC
Right now, it looks like Bitcoin is coming back to retest that level
#BitcoinTrends"
#CryptoAnalysisUpdate
#BTCRetest
#200WeekEMA
#CryptoWeekly $USDC $BNB $BTC
BTC price has fallen back to its 50-day (SMA).
The price of the cryptocurrency has dropped back to its simple moving average (SMA) of 50 days. Thus, the bulls have a chance to create a trend in which the 50-day SMA propels new legs higher in the most recent retest of the average.
On the other hand, a decline below $100,000 might result from increased selling pressure triggered by the 50-day SMA support's decline.
Given the recent shallow bounces from the 50-day SMA, which are indicative of bull weariness, the bear argument looks solid at the time of writing. On June 5, the average's initial test resulted in a bounce from about $100,500 to about $10,000.
However, prices barely recovered from $103,000 to $109,000 in the second test of the SMA on June 17.
#btcretest
#BTC
#BitcoinWarnings
On the other hand, a decline below $100,000 might result from increased selling pressure triggered by the 50-day SMA support's decline.
Given the recent shallow bounces from the 50-day SMA, which are indicative of bull weariness, the bear argument looks solid at the time of writing. On June 5, the average's initial test resulted in a bounce from about $100,500 to about $10,000.
However, prices barely recovered from $103,000 to $109,000 in the second test of the SMA on June 17.
#btcretest
#BTC
#BitcoinWarnings
$BTC
If Break The Trendline With Volumn $BTC Will Go To 94k Or 93k. Be Cautious.
#BTC☀ #CPI_BTC_Watch #BTCRetest
If Break The Trendline With Volumn $BTC Will Go To 94k Or 93k. Be Cautious.
#BTC☀ #CPI_BTC_Watch #BTCRetest
BTC Review & Strategy : Key Levels and Market Plan
#BTC☀ #BTC500K #BTCRetest #BinanceSquareFamily
#Write2Earn!
Key Levels :
Support : 100K–101K (strong bullish bounce zone).
Resistance : 103K–105K (supply zone, potential for rejections).
Current Market :
BTC retests the supply zone, showing compression between support and resistance.
Support provides decent bounces, while resistance reacts with slow grind-like movements.
Action Plan :
Short : Look for reversal setups in the 103K–105K zone.
Buy : Target 100K–101K support with confirmation of bullish rejection.
Watch Compression : A breakout beyond 105K could signal higher prices.
Pro Tip : Focus on zone reactions, not predictions—react to price behavior.
Conclusion : BTC is at a critical range; adapt to support and resistance reactions for optimal trades.
#BTC☀ #BTC500K #BTCRetest #BinanceSquareFamily
#Write2Earn!
Key Levels :
Support : 100K–101K (strong bullish bounce zone).
Resistance : 103K–105K (supply zone, potential for rejections).
Current Market :
BTC retests the supply zone, showing compression between support and resistance.
Support provides decent bounces, while resistance reacts with slow grind-like movements.
Action Plan :
Short : Look for reversal setups in the 103K–105K zone.
Buy : Target 100K–101K support with confirmation of bullish rejection.
Watch Compression : A breakout beyond 105K could signal higher prices.
Pro Tip : Focus on zone reactions, not predictions—react to price behavior.
Conclusion : BTC is at a critical range; adapt to support and resistance reactions for optimal trades.
$BTC so far so good, no need to panic till the 68k+ price level is respected, that the area for retest.
#DoNotPanic #btcretest
#DoNotPanic #btcretest
Bitcoin’s Big Test – Analyst Calls BTC a Strong Buy Above $118K
Bitcoin is struggling to extend its recent momentum, holding around the $116,000 level this weekend. This choppy price action has left traders questioning whether the flagship cryptocurrency can resume its bull run and push to new highs.
A crypto analyst suggests the next breakout is near—but only if one key condition is met.
Break Above $118,000 Could Spark a Rally
Joao Wedson, founder and CEO of Alphractal, shared on X (formerly Twitter) that Bitcoin could be gearing up for a multi-week rise. However, he stressed that a confirmed breakout above $118,000 is needed to validate the bullish continuation.
Wedson pointed out that the $117,000 zone is a critical area of indecision. On-chain indicators such as the CVDD Channel and the Fibonacci-Adjusted Market Mean Price highlight this region as a potential resistance zone where momentum often stalls.
The CVDD Channel tracks long-term value zones using coin destruction data, while the Fibonacci-Adjusted Market Mean Price identifies market expansion and structural levels. According to Wedson, both have historically provided highly accurate support and resistance markers throughout Bitcoin’s price cycles.
The analysis suggests that $117,000 could act as a temporary ceiling. For the next leg of the bull market to unfold, Wedson advises investors to watch for a decisive and sustained move above $118,000.
#BTCretest #Market
Bitcoin is struggling to extend its recent momentum, holding around the $116,000 level this weekend. This choppy price action has left traders questioning whether the flagship cryptocurrency can resume its bull run and push to new highs.
A crypto analyst suggests the next breakout is near—but only if one key condition is met.
Break Above $118,000 Could Spark a Rally
Joao Wedson, founder and CEO of Alphractal, shared on X (formerly Twitter) that Bitcoin could be gearing up for a multi-week rise. However, he stressed that a confirmed breakout above $118,000 is needed to validate the bullish continuation.
Wedson pointed out that the $117,000 zone is a critical area of indecision. On-chain indicators such as the CVDD Channel and the Fibonacci-Adjusted Market Mean Price highlight this region as a potential resistance zone where momentum often stalls.
The CVDD Channel tracks long-term value zones using coin destruction data, while the Fibonacci-Adjusted Market Mean Price identifies market expansion and structural levels. According to Wedson, both have historically provided highly accurate support and resistance markers throughout Bitcoin’s price cycles.
The analysis suggests that $117,000 could act as a temporary ceiling. For the next leg of the bull market to unfold, Wedson advises investors to watch for a decisive and sustained move above $118,000.
#BTCretest #Market
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