Hey friend 👋
I just joined this and got some rewards.
You should try it once — maybe luck is on your side
🎁 $9,999 waiting for you!
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Hey friend 👋
I just joined this and got some rewards.
You should try it once — maybe luck is on your side
🎁 $9,999 waiting for you!
0 replies
0 recasts
0 reactions
🚨 $BTC Monthly Support Update
BTC/stables has hit a strong monthly support.
Stablecoin supply is still rising - liquidity is staying in the market.
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BITCOIN Is it following a symmetric downtrend?
Bitcoin (BTCUSD) recently broke below the $100000 level for the first time since June and is currently on a short rebound. It has turned however all major MAs both the 1D MA100 (green trend-line) and 1D MA200 (orange trend-line) into Resistances, so the downtrend remains.
By doing so, we can see a highly symmetric pattern emerging, the inverse of the April - August uptrend. Following the (nearly) October 06 Double Top, the symmetrical downtrend has been testing and respecting all subsequent Support levels (so far Support 1 and 2), filling at the same time all Fibonacci gaps. See how accurately those Fibs formed key demand levels during the uptrend.
As a result, if this symmetry continues to hold, we can expect BTC to trade sideways for another month between Support 2 (Fib 0.5) and $110000 (roughly) before making the next leg down. Such price behavior typically confuses market participants and traps traders who stick to the former trend and haven't adapted yet.
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Bitcoin Price Hits Historical Recovery Barrier🚀🚀
Bitcoin’s price is currently at $103,922, struggling to overcome the downtrend active for nearly two and a half weeks. The cryptocurrency has failed twice to breach this resistance, reinforcing the strength of bearish market sentiment.
At present, Bitcoin trades below $105,000 but remains above the $101,477 support zone. This area is likely to form a consolidation base amid persistent volatility and cautious investor behavior.
If bullish momentum strengthens, Bitcoin could break past $105,000 and challenge resistance near $108,000. Successfully flipping this level would mark the first significant recovery since October, signaling renewed optimism across the broader crypto market.
#BTC