Bitcoin Market Outlook: Rounding Bottom targets in focus!
It’s been a few weeks since our last Bitcoin update, and while much has unfolded, our core outlook remains unchanged—bullish momentum persists, with expectations for further rallies. Today, we spotlight a potential rounding bottom formation on BTC, a classic reversal structure signaling continued strength.
This formation features three key elements:
Rounding Bottom Base – The gradual curve in price, showing accumulation. Stop Wall – The critical resistance level to watch for a breakout. Landing Base – A support zone providing stability during the formation. Our chart provides a clear visualization of these elements, offering actionable insights for both mid-term and long-term positioning. As always, disciplined risk management remains essential. $BTC
What’s your view on this setup? Share your thoughts below! Trade at your own Risk 👍 Best Regards, Trade Cryptocurrency Stay Tuned for Further Updates. #TrumpCountDown #EOSBreaks1$
The BTC/USDT daily chart reveals a Triple Bottom setup-a classic bullish reversal pattern. Prices are bid near the lower Bollinger Band, giving the impression of oversold conditions. RSI 44 suggests recovery is about to start, and Stochastic at 25 confirms the oversold zone. Resistance at $101,000 marks the first for a breakout expected in Bitcoin toward $110,000. This structure does indicate a strong upward move, so be sure to keep a close watch!
The USDT Dominance graph has a resistance at 4.32% Fibonacci, from which the graph could get rejected. RSI is coming near overbought levels and may weaken the momentum. On the contrary, BTC's daily chart depicted a textbook triple bottom pattern, strong bullish reversal. Bollinger Bands contraction could indicate an imminent price move. Meanwhile, upward momentum in the Stochastic RSI shows that the buying pressure is raising. If USDT dominance starts to fall, this could fuel the biggest Bitcoin rally, which might push it to the target of $110K. This makes the indications all align very strongly with the case for an imminent pump.
The Binance BTC/USDT liquidation heatmap shows a cluster of high liquidity zones around $95,000, which shows strong support levels. This is indicative that Bitcoin is ready for a bullish trajectory in the longer time frame. Continuous liquidity and less sell pressure develop confidence in the upward potential of Bitcoin.
#NEIRO in November warned everyone that this looked very similar to when our Ordi dropped from 120 to 20. The pattern really resembles that. As expected, it was the top. Another accurate prediction$NEIRO