The Biggest Bull Market in Crypto History is Coming!
As we approach Q4, many analysts believe we are on the brink of the largest bull market in cryptocurrency history. Now is not the time to panic sell or exit early. This could be a once-in-a-lifetime opportunity to capitalize on massive gains.
Why You Should Stay the Cycle:
Market Cycles: Historically, crypto markets have shown strong cycles. With recent developments and adoption trends, we could see explosive growth soon.
Long-Term Vision: Think about the potential for 2025. Positioning yourself wisely now could mean securing financial freedom for your family.
Stay Informed: Follow market trends, news, and developments. Knowledge is power, and being informed can help you make better decisions.
Key Strategies:
HODL: Resist the urge to sell during market fluctuations. Diversify: Consider a mix of established and promising projects. Invest Wisely: Only invest what you can afford to lose, and consider dollar-cost averaging to mitigate risks. Prepare yourself for what could be the last bull market of this size. Stay focused, and you might just find yourself celebrating significant gains in the years to come!
Yesterday we mentioned how the 2 flat bottom 4 hour candles at $95.6k area were important to watch for Bitcoin. This has given the best reaction so far this weekend but it continues to trade in a sideways range. $97k is 4 hour resistance currently, looking for a close above then we can have more confidence of a push higher.
We can expect more volatility heading into the weekly close which could give us a range break in either direction.
Yesterday we saw Bitcoin deviate above $98k (Weekly Open) but this was unable to hold. Whilst various altcoins continue to look strong, BTC continues to retrace. An important area to watch is $95.6k where there are 2 flat bottom 4hr candles.
We also have liquidity here so we would want to see a positive reaction. Above the current price I am watching for a 4 hour reclaim of $98k which could then push us towards $100k quickly.
We have seen sideways movement on Bitcoin for the past couple of days. 4 hour support is $95k, with every candle close respecting this, and $96.6k 4 hour resistance. A 4 hour close above this resistance level and I am watching for BTC to make a reclaim attempt of $98k (Weekly Open.)
Alternatively, there is untested demand closer to $94k, and with growing liquidity there a move lower before higher is possible.
Currently we are seeing Bitcoin fighting to hold on to $92.6k (Monday Low.) We can see on the 8 hour chart how this is a key S/R flip level. We want to see this hold as support, but if we start to see acceptance under $92k I expect we will see a retest of the $89.5k area (Prev Week Low.)
We have the release of the FOMC minutes this evening, so there is a chance this brings some volatility.
Bitcoin gave a string reaction from $96k heading into the weekly close. We are seeing early signs of BTC flipping $98k back into 4 hour support, and if this continues it could give the strength for another ATH push.
Also watching for a 4 hour candle close above $99.3k resistance for a move above $100k.
Bitcoin is currently seeing a retest of the 4 hour support at $97.4k which we are looking to see hold. If BTC starts to break down from this level then I am watching the $95k-$93k area for a better reaction.
Bitcoin dominance retested the 57% level, which is weekly support, and is starting to bounce as we would expect. Careful in altcoins here- do not over expose.
Bitcoin has not yet hit the magic $100k figure but we are seeing consolidation above $98k. We are seeing a very tight trading range- every 4 hour candle over the past day has closed between $98.5k and $99.2k. This has led to a drop in BTC dominance and overnight altcoins have started to lead the way.
It is tricky to operate around these levels, with BTC at major resistance, but keep an eye on the 58% area of BRC dominance- This is major support. A bounce from here and alts will retrace, or break below this level and alts will continue to out-perform.
Bitcoin came within a few hundred dollars of the milestone price of $100k. The reaction at $100k will be interesting, and there is a chance that we see whip saw price action- meaning both short and long liquidations occur quickly. We have lower time frame support at $98k for now, so we are looking for this to continue.
I am actively looking for areas of interest/ trade ideas, but TOTAL2 is sitting right at a huge weekly resistance level, so for now we must be patient looking for entries.
As we have been mentioning the past couple of days, as long as Bitcoin was holding $90k as support then $96k was likely. That is exactly what has happened, with $98k being reached. We are back into price discovery mode, after breaking from the recent sideways range, and I am interested in the reaction of a $95k retest.
Be careful with altcoins they are lagging behind as BTC dominance is pushing higher.
Bitcoin has started the week with strength, rallying 3% off the weekly open at $90k. This level is now key, as a retest of $90k is expected, and it’s crucial for it to hold as 4-hour support for a potential continuation to new all-time highs. Over the course of yesterday, this $90k area held up as solid support.
If Bitcoin fails to maintain this level and we see price acceptance below it, $87k becomes the next major support zone, with increasing liquidity there. Given the current conditions, it’s wise to avoid overexposing yourself today and instead wait for the Monday Range to solidify before making any decisive moves. Opportunities are likely to emerge soon, so patience will be key.
As mentioned yesterday, I was watching for Bitcoin’s reaction to a retest of the $90.2k level. It has held up as 4-hour support so far, but there hasn't been any strong upside momentum yet. The $91.2k level is now acting as resistance, keeping us in a tight 1% range over the weekend.
The 4-hour EMA8 (blue line) remains a key level to track, as price is following it closely. I'll be keeping a close eye on how the market interacts with this moving average. With the weekly close approaching, expect volatility to pick up, as it often does this time of week.
Bitcoin is holding strong above the 4-hour EMA8 and Monday’s high, with the highest daily close ever recorded. A push toward 96-99k seems likely, but watch for reactions at the 90-90.2k level. Altcoins are also gaining momentum.
After Bitcoin broke below the 4-hour EMA8 (blue line), this level has now flipped to resistance. The key focus is on a potential reclaim of the 4-hour EMA8, but more importantly, a 4-hour close above $89.8k (the Monday high). If both of these levels are retaken, we could be looking at a potential push toward new all-time highs (ATH).
On the flip side, support for now sits at $86.6k. A failure to hold above this level would suggest further downside risk, and we'd want to avoid seeing acceptance below this mark for the short-term bullish trend to remain intact.
It's been an exciting week of trading, and while I’m on the lookout for more opportunities, I’m just as content to wait for the right setup to materialize.
Bitcoin is currently holding strong at two critical support levels on the 4-hour chart. The 4-hour EMA8 is continuing to provide solid support, as it has in recent days. Additionally, the $89.8k level (the high from Monday) is holding firm with every 4-hour close.
For the bullish momentum to persist in the short term, these support levels need to stay intact. While Bitcoin is showing resilience, its dominance is pushing higher, which is leading to weakness in altcoins. Therefore, caution is key—particularly for those trading altcoins or using leverage.
The 4-hour EMA8 (blue line), which we highlighted in yesterday’s update, is still holding up as key support. This has been evident from the solid reactions over the past day, with recent candles closing right around this level. As of now, the EMA8 is just above $87k, and as long as this level holds, the short-term uptrend remains intact. A break below it, with a 4-hour close beneath, could signal a potential pullback towards the lower $80k zone.
$90k continues to be a tough psychological resistance level to break through.
Overall, it’s been an excellent week for trading, but with CPI data due today, it’s wise to stay patient and monitor the reaction. We may look to place some limit orders based on how the market responds.
Bitcoin has made a remarkable push, briefly touching $90k overnight, and it's clear that this level is acting as significant psychological resistance. While we're in price discovery mode, the $90k mark is a key point to watch, and the 4-hour chart confirms this as a critical hurdle. If Bitcoin can hold above $90k, the next stop could easily be $100k.
On the support side, the blue line on the 4-hour chart is the EMA8, which has been a reliable indicator since the breakout last week. This level has shown strength again today, and maintaining this support will be key to sustaining upward momentum. Any break below this would likely signal a deeper pullback or consolidation phase before Bitcoin can continue higher.
At this point, it's all about how Bitcoin reacts to these levels: if $90k holds as resistance or gives way, and whether the EMA8 continues to provide solid support for the next leg up.