Hello traders,
I'm sharing my current outlook on Bitcoin using the daily timeframe. Price is ~109K below a key descending trendline (in red), which has defined the structure since 21 May.
🔍 Key Levels to Watch:
Resistance: $111,000
Support: $91,000
Current Price: ~$109,000
⚡ Breakout Scenario:
If Bitcoin closes above $111K on the daily chart, backed by strong volume (ideally 30% above the 20-day average), I expect the next targets to unfold as:
✅ $122,000
✅ $133,000
✅ $144,000
🗓️ Target date for $144K: Around 22 September 2025
This projection is based on a pivot structure I’m tracking:
🟢 25 March 2025: Pivot low at ~$84K
🔴 12 June 2025: Pivot high
🟡 Expected pivot high: ~4 September 2025 (if symmetry holds)
This pattern suggests a 1-2-3 formation that could lead to a breakout move.
🧯 Failure Scenario:
If BTC fails to break out, I’m watching for a pullback toward the $91K support zone.
🛑 Current Stance:
I’m not in a position yet. Waiting for a daily candle close above $111K with volume confirmation and momentum indicators.
📣 Stay Updated
I’ll be sharing daily updates as the price action evolves.
Follow me here on TradingView, and feel free to share your analysis or ask questions in the comments!
🏷️ Hashtags:
#BTCUSD #BitcoinAnalysis #CryptoTrading #BTC #TechnicalAnalysis #SwingTrade #BreakoutSetup
Let me know your comments.
I'm sharing my current outlook on Bitcoin using the daily timeframe. Price is ~109K below a key descending trendline (in red), which has defined the structure since 21 May.
🔍 Key Levels to Watch:
Resistance: $111,000
Support: $91,000
Current Price: ~$109,000
⚡ Breakout Scenario:
If Bitcoin closes above $111K on the daily chart, backed by strong volume (ideally 30% above the 20-day average), I expect the next targets to unfold as:
✅ $122,000
✅ $133,000
✅ $144,000
🗓️ Target date for $144K: Around 22 September 2025
This projection is based on a pivot structure I’m tracking:
🟢 25 March 2025: Pivot low at ~$84K
🔴 12 June 2025: Pivot high
🟡 Expected pivot high: ~4 September 2025 (if symmetry holds)
This pattern suggests a 1-2-3 formation that could lead to a breakout move.
🧯 Failure Scenario:
If BTC fails to break out, I’m watching for a pullback toward the $91K support zone.
🛑 Current Stance:
I’m not in a position yet. Waiting for a daily candle close above $111K with volume confirmation and momentum indicators.
📣 Stay Updated
I’ll be sharing daily updates as the price action evolves.
Follow me here on TradingView, and feel free to share your analysis or ask questions in the comments!
🏷️ Hashtags:
#BTCUSD #BitcoinAnalysis #CryptoTrading #BTC #TechnicalAnalysis #SwingTrade #BreakoutSetup
Let me know your comments.
Trade attivo
still waiting for confirmationTrade chiuso: obiettivo raggiunto
first target acheived 122K, rise stop-loss to entry price to secure profit
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.