$BTC

Hello Everyone here is my #BTCUSDT Analysis 🔥🔥
Today on 29th December #BTCUSD Running at $94349
My Analysis for #Btcusd is #Bullish & My Targets are
📈 1) $97000
📈 2) $99500
📈 3) $101500
📈 4) $102800
It might retest the support area before hitting the targets but is expected to remain #Bullish
📈Bullish Continuation: Stabilization above $93000 & $91500 will support our bullish targets till resistance zone $101500 to $102800 & crossing the resistance zone of $101500 & $102800 could lead to a demand zone around $106000
📉Bearish Trigger: If BTC drops below $91000 it may shift into a bearish trend targeting $79500 & $73000
📊Key Levels
📊Trend: Bullish
📈Buy Target $97000–$102800
❌Stop Loss (SL) $89000
Best of luck Everyone 👍
Trade wisely and stay Connected
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$BTC

Hey dear followers i am here to share you my idea on #BTCUSDT . kindly follow me and like charts..

as we have seen that BTCUSD is moving above this supporting area where BTCUSD is going back multiple times. it is possible that BTCUSD now touch 96000 and 97000 first and then touch 100000 because from last many days it is just falling hopefully this is the end of this short trend here and it will rise again.

keypoints

ENTRY 94000
Resistance area 96000/97000
Target 100000
Stoploss 920000

Hopefully you will like my charts and follow me for latest #BTCUSD analysis.🚀🚀

#BTCXmasOrDip? #MarketRebound #CryptoRegulation2025

General outlook
BTCUSD has been trading in a sideways market for the last couple of hours. Now, the price displays the Triangle pattern. If the price rebounds from the lower border or confirms a breakout of the upper border of the Triangle pattern, analysts recommend opening a Buy order.
The upcoming news will not influence your orders within the mentioned period. Some traders may close their positions on Friday, which can add more pressure to the market.

Analysis explanation
Triangle

The Triangle is a widely recognised chart pattern defined by two converging trend lines. It can appear in any market context. This chart pattern is very popular among traders. It is easy to detect and appears on the chart quite often. The Triangle is a good pattern for trading because there is always strong movement after it breaks out. Although it is unclear which direction the price will take after the Triangle, it will move strongly if the pattern is broken.
How Triangle works

The three types of Triangle pattern The Triangle pattern indicates an opposition between buyers and sellers. It also displays that market participants are not confident in the price direction and are waiting for some triggers to start trading. Therefore, the Triangle pattern often appears before important news.
Buyers usually place their Stop Loss at the lower side level, while sellers usually place their Stop Loss at the upper side level. If the price breaks out from the Triangle in any direction, all placed orders will be triggered, and this trigger will cause the pattern's strong movement.

ldentifying Triangle
A Triangle pattern can emerge in any context, regardless of the preceding trend direction. There are three types of the Triangle pattern
-The Symmetrical Triangle consists of two equally-sloped convergence trend lines. Its body has a horizontal direction. It is the most common type.

-The Ascending Triangle consists of a horizontal upper trend line and a rising lower trend line.

-The Descending Triangle has a horizontal lower trend line and a falling upper trend line.

Unfortunately, the pattern does not give an understanding of the price movement direction, but it is good for trading after breakout confirmation towards the breakout direction.
Trading examples
Symmetrical Triangle

•Once the pattern is formed, look for a breakout. It can happen in any direction.
•After the breakout, you can enter immediately or wait for additional confirmation, such as a retest.
•If it is a downward breakout, open a Sell order with a Stop Loss above the last maximum.
•If it is an upward breakout, open a Buy order with a Stop Loss below the last minimum.
•Ensure your Stop Loss is less than 5% of your total deposit to calculate how much you should invest in this position.
•Place Take Profit at a level equal to the Triangle's height.
Ascending Triangle

•Once the pattern is formed, look for a breakout. It can happen in any direction.
•After the breakout, you can enter immediately or wait for additional confirmation, such as a retest.
•If it is a downward breakout, open a Sell order with a Stop Loss above the last maximum.
•If it is an upward breakout, open a Buy order with a Stop Loss below the last minimum.
•Ensure your Stop Loss is less than 5% of your total deposit to calculate how much you should invest in this position.
•Place Take Profit at a level equal to the Triangle's height.
Descending Triangle

•Once the pattern is formed, look fora breakout. It can happen in any direction.
•After the breakout, you can enter immediately or wait for additional confirmation, such as a retest.
•If it is a downward breakout, open a Sell order with a Stop Loss above the last maximum.
•If it is an upward breakout, open a Buy order with a Stop Loss below the last minimum.
•Ensure your Stop Loss is less than 5% of your total deposit to calculate how much you should invest in this position.
•Place Take Profit at a level equal to the Triangle's height.
Not trading advice. Consider your risks before making a decision.
$BTC
#BTCUSD

Bitcoin (BTCUS) is having in the past 2 weeks the technical correction is should based on the previous Bull Cycle. As you can see, since the U.S. elections it has rallied aggressively past its previous All Time High (ATH), same way it did in December 2020.
Bitcoin and Doge during 2020
At the same time, the alt coin market was mostly consolidating in preparation of a bullish break-out. A representative example of such behavior would be Dogecoin (DOGEUSD) as seen in orange on this chart, which during BTC's December 2020 rally, it was consolidating/ pulling-back (green circle) from an initial rally. However it remained significantly below its previous ATH, the same way it is now.
The DXY decline sparking crypto rallies
Notice the U.S. Dollar Index (DXY), displayed by the green trend-line on this chart. Right now it is has been rallying in the past three months, at the same time as Bitcoin has. In the previous Cycle in 2020, it hit a top during the COVID March 2020 market crash and with the smashing of the Interest Rates, it started a Channel Down decline that backed perfectly Bitcoin's rally. We has the exact same DXY-backed rally during Bitcoin's 2017 Bull Cycle.
As a result, we are seeing a paradox on the current Cycle: BTC entering its most aggressive phase (Parabolic Rally) of the Bull Cycle and rallying despite DXY rising. That is attributed of course to a large extent to the huge ETF inflows (something that wasn't present in 2020).
Overdue DXY decline?
This leads us to believe that an overdue decline on the DXY, just as the Fed has initiated a new cut Cycle (as they did during the COVID crash), will push Bitcoin and especially the alts market, including Doge, to a new rally. Of course DXY's decline may not be as aggressive this time, as the stimulus shouldn't be that high (especially with Powell's recent remarks on a 2 rate cut expectation in 2025 instead of the previous projection of 4), but it could be enough to spark the final BTC rally of the Bull Cycle and the much anticipated Altseason.
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