The BTC/USDT chart shows a symmetrical triangle breakout pattern, suggesting potential upward movement toward $116,300. Bollinger Bands indicate reduced volatility, while price remains above the midline, showing bullish momentum. Stochastic RSI at 57.81 confirms strengthening upward pressure, and RSI Divergence Indicator at 53.80 aligns with bullish sentiment. Volume Profile highlights strong support near $99,300, reinforcing the breakout likelihood. This setup implies BTC's bullish continuation above critical resistance levels.

The USDT Dominance chart highlights a head-and-shoulders pattern, signaling potential bearish momentum for USDT dominance. Bollinger Bands show tightening, indicating volatility. Stochastic RSI at 74.48 suggests overbought conditions, supporting a reversal. RSI Divergence at 44.99 confirms bearish sentiment. This decline in USDT.D favors capital flow into BTC, aligning with bullish Bitcoin momentum expectations.

The BTC Dominance (BTC.D) chart highlights a breakdown from the ascending channel, retesting previous support turned resistance near 57%. Bollinger Bands indicate a narrowing range, suggesting reduced volatility. Stochastic RSI at 89.03 signals overbought conditions, while RSI Divergence at 47.78 confirms bearish momentum. A potential decline toward 40% dominance aligns with altcoin strength, supporting the bullish narrative for BTC and broader altcoin performance in the near term.

The BTC/USDT liquidation heatmap reveals significant liquidation clusters around $102,000, indicating resistance, while liquidity support near $99,000 shows bullish defense.

Entry: 100161.50 or Market Price
1st Tp: 104842.39
2nd Tp: 110149.20
3rd Tp : 116118.14
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$BTC #swap_crypto

Today article is only for those who have some "how know" about market not for newbies. Read only if you are from some time in market. Today article will be lengthy as compared to past. Now let's start analyzing.
Yesterday update:-

In yesterday update we called out a dip from $101K level to $98,700 level. $BTC take dip from mentioned region but did not drop to lower level. It took bounce from first level $99,600 and now standing out at $102K zone. Now let's discuss about next expected price action of #BTC☀ .
BTC TA 12/14/2024:-

A high Liquidity area has been marked in image that shows s.l and liquidation level of shorters. If price take it than we will see sharp #Bitcoin❗ price drop. If it go do straight from here than we can see a support at $98,700 level. In both senerio it will drop.
If first senerio play out than it can even go to more lower level like $94K. Retest of $103k in shorter TF will be looking difficult. (Bigger TF will remain Bullish we are discussing shorter TF.)If second senerio played out than we can see a support around $98,700 level and some chances it bounce again but we will analyze again once it hit 🎯 $98,700 level.
Mean in shorter TF we are bearish on #bitcoin☀️ price. Either it drop after testing $103K or from CP $102K it will go down and we will wait for dip to buy again. It is my personal opinion. Do your own research before taking any financial decision.

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