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Bitcoin Market Update – Tri-Weekly Analysis

Bitcoin is currently trading just below the point of control (POC) at $98,500. If we can reclaim and hold this level, the door could open for a potential move toward the top of the range.

Mid-term timeframes are showing upward momentum, which should bleed over to the daily timeframe which looks good, Specifically, daily momentum is beginning to build, with several key bullish signals aligning, including hidden bullish divergence, a golden pocket bounce, and the formation of a higher low.

Additionally, expanding volatility suggests there could be more significant movement on the horizon.

The immediate focus is on the critical $100,200 level, which corresponds to the 50% Fibonacci retracement (measured from the all-time high to the recent correction low).

This level is likely to act as strong resistance, with selling pressure anticipated. However, if Bitcoin can break above and maintain this level, it would likely turn into support, reinforcing the bullish narrative.

To track the next phase of price action, watch for 4-hour closes above the POC at $98,500 and the 50% retracement at $100,200—ultimately aiming for daily closes above these levels for confirmation.

On the flip side, a rise in volatility accompanied by downward momentum could signal a sharp bearish move.

It's important to note that the Bollinger Band Width Percentage (BBWP) is a direction-neutral indicator—it works well when paired with bullish momentum, but can also signal trouble if the market shifts to a bearish trend.

In summary, if Bitcoin remains below $100,000, the bears will maintain control.

However, a 4-hour close above $100,200 would indicate a shift in momentum toward the bulls, potentially paving the way for a more sustained move to the upside.

Should the price fall below recent lows, the bears could retake control, pushing the market back toward the range lows.

For now, the outlook leans toward sideways or upward movement in the short term.

Stay tuned for further updates as key levels continue to shape the market's next moves, Or Learn how to interpret the language of the Charts with individual Sessions tailored to you.

Book a free consultation at http://tacticaltradinghub.com to get started, See you on the inside!

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TECH & SECURITY ANALYSIS 💡

When choosing which cryptocurrency to buy, technology and security are crucial factors that can determine the asset’s long-term viability and safety. 

Cryptocurrencies operate on blockchain technology, but not all blockchains are created equal. A well-designed blockchain should offer scalability, decentralization, and efficiency.

Projects with outdated or vulnerable technology may struggle with slow transactions, high fees, or security risks, making them less reliable investments.

Security is equally important, as the crypto industry has been a target for hacks, scams, and exploits.

Strong security measures, such as advanced encryption, secure smart contract development, and robust consensus mechanisms, help protect users from losing funds.

A cryptocurrency with a history of security breaches or poor auditing poses significant risks.

Additionally, regulatory compliance and security practices within the project’s team and ecosystem contribute to its credibility.

Choosing a cryptocurrency with strong technological fundamentals and a secure framework reduces the risk of theft, fraud, and loss, ensuring a more stable and trustworthy investment.

In a rapidly evolving industry, prioritizing technology and security helps investors make informed decisions and avoid projects that could collapse due to technical weaknesses or security flaws.

Want to learn more? Join us today… www.dailygainscrypto.com 

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