Market Overview: Bitcoin In my previous report, I cast a cautious eye on Bitcoin’s near-term trajectory, diagnosing a bearish tint to the market’s pulse. I highlighted the magnetic pull of lower levels—specifically, the breakout point of 2024’s eight-month trading range, a structural anchor that loomed large beneath the price action. On the IBIT ETF chart, […]

Market Overview: Bitcoin This week, Bitcoin is trading about 20% below its all-time high, a dip overshadowed by a historic move in its journey. On March 7, 2025, President Donald Trump signed an executive order launching the “Strategic Bitcoin Reserve” for the U.S., backed by roughly 200,000 bitcoins—worth around $17 billion—seized from federal forfeiture cases. […]

Market Overview: Bitcoin Over the past Bitcoin reports, we have consistently highlighted and anticipated the likelihood of a breakout as price compression intensified and key trading setups were activated. The underlying market structure suggested that the price was coiling within a range, building pressure for an eventual expansion. A major event to watch is The […]

Market Overview: Bitcoin For this week’s Bitcoin analysis, I have shifted back to spot charts, which should align better with the daily timeframe analysis. While the IBIT ETF breakout mode pattern on daily remains activated by bears, we can now observe the emergence of a contraction pattern—a triangle— on the daily bitcoin spot chart. Bitcoin […]

Market Overview: Bitcoin On the weekly chart, Bitcoin continues within a Breakout Mode Pattern (BOM) that follows a strong bull breakout from an 8-month Trading Range that had developed over the past year. On the daily chart, a BOM pattern that formed at the top of a trading range has already broken to the downside. […]

Market Overview: Bitcoin Friday’s closing price of Bitcoin Spot on Coinbase Exchange: $96,537. On the weekly chart, Bitcoin has formed a Breakout Mode Pattern (BOM), following a strong bullish breakout from an 8-month Trading Range that had developed over the past year. On the daily chart, a BOM pattern that formed at the top of […]

Market Overview: Bitcoin As January concludes, Bitcoin showcases impressive resilience, closing nearly 10% above December’s mark. Such a surge invites a deeper examination of Bitcoin’s price action across multiple timeframes, offering insights into prevailing risk management, trends, potential breakouts, and key support and resistance levels. Bitcoin The Monthly chart of Bitcoin The monthly chart reveals […]

Market Overview: Bitcoin Bitcoin has established a new all-time high; however, the momentum has decreased, signaling potential market hesitation. Historically, a loss of momentum at such critical levels does not often precede strong bull breakouts, which suggests that traders should be cautious about expecting further upside without increased buying pressure. Key price levels are $120,000 […]

Market Overview: Bitcoin Last week, we projected that the coming days or weeks would see Bitcoin testing December’s low. December, marked by a sell signal bar on the monthly chart, suggested a likely revisit to levels below December’s low, which happened during the week. End-of-2024 edition report. Bitcoin The Weekly chart of Bitcoin In our […]

Market Overview: Bitcoin This week, Bitcoin traded slightly below December’s low, triggering the monthly bear signal discussed in the previous report. It is likely that the price will test below December’s low again during January, within the next 0–3 weeks. Both the weekly and daily charts present intriguing patterns worth dissecting.If you missed our special […]