Bitcoin Flips Bearish Bias: Ready for Imminent Upside Breakout
Today's strong surge in Bitcoin price has established a new swing high at $94,500. However, the current candle has failed to close above the previous high of $94,100 (as per earlier analysis). This is where the price action becomes compelling: on the 1-hour timeframe, price has successfully executed a bullish Change of Character (CHOCH). Per this analysis, the CHOCH signifies an initial confirmation of a bearish-to-bullish trend reversal. To secure full confirmation of an ensuing uptrend, Bitcoin must decisively break and close above the recent high of $94,500 on the 4-hour timeframe. Achieving this milestone will fully validate the bullish CHOCH to the upside. In summary: current price action suggests we should prepare for a potential significant upward move very soon. (Current Price: $BTC 93,100)
The bold analysis I see regarding the future price of Bitcoin.
With the current price sitting near $83.8k, based on my technical analysis, I forecast a significant and sudden drop. The target?
A swift move down to $75,000 thereabout. While I have no specific timeline, the message is clear: major volatility is expected soon. Traders are advised to watch the market closely.
What's your price target for BTC in the near term?
Community Vote “Should PI be launched on Binance?" Update
As of 2025-02-18 23:59 (UTC), We have received 125,332 eligible votes on our official post. The results are as follows:
Please be informed that while we value and consider the vote results, they are for reference only and do not determine any decision or action Binance may or may not take. These results are not final. At the end of the campaign, we will remove non-eligible votes and votes that violated the terms and conditions, and then announce the final numbers. Visit our official announcement for more information. Voting Period: 2025-02-17 14:45 (UTC) to 2025-02-27 23:59 (UTC) If you haven’t voted yet, there’s still time to participate! Visit the link to cast your vote.
$PNUT as i told you guys maket will go down, don't do long, keep shorting till 0.09 to 0.05. those who are stuck in Long, wants you to stuck with them, be smart
In trading, strong analytical skills are essential. Though I'm not a professional trader, I've learned to trust my analysis.
On November 17, 2024, while $PNUT coin was around 1.5, I predicted it would decline to approximately 0.4144. My concerns were met with skepticism, but this experience taught me the importance of staying true to your research.
To navigate the market effectively, focus on developing your skills and trust your instincts. Objective analysis can lead to informed decisions, even amidst popular opinion.
$PNUT If it really pumps from here it can max go to 1.20, Most of the tweets are saying that the price may touch 2.4$ to 2.5 but seems impossible to me
What are the chances for pnut to rise to 2.5 again? It has given me huge profit but now it has fallen so badly.. Is there any chance for pnut for bullish run! Should i buy it or it won’t recover now?? It seems like it’s rising but stuck.. it was a good token weeks ago $PNUT
Inicia sesión para explorar más contenidos
Conoce las noticias más recientes del sector
⚡️ Participa en los últimos debates del mundo cripto