top of page
Search

Bitcoin Technical Analysis

Bitcoin has demonstrated an extraordinary ability to withstand a multitude of negative events, such as regulatory crackdowns and increased interest rate expectations. Despite facing significant challenges, this cryptocurrency continues to exhibit strength and is currently poised to achieve new record highs. Only a severe economic recession or an excessively hawkish stance from the Federal Reserve could potentially impede Bitcoin's ascent. However, even in the event of a sell-off triggered by these scenarios, it is highly likely that Bitcoin would experience a robust recovery once the Federal Reserve begins to lower interest rates.


Examining the daily chart, we observe that Bitcoin experienced a significant surge after surpassing the trendline, propelling it to reach a high of 31K before encountering resistance. Monitoring this crucial level is essential as a decisive breakthrough could potentially trigger a rally towards the 45K level. It is anticipated that sellers will likely enter the market at this juncture, assuming a well-defined risk positioned above the resistance level, with the aim of targeting the 25K support.



Analyzing the 4-hour chart, it becomes evident that Bitcoin has encountered considerable difficulty in surpassing the resistance level, resulting in a consolidation phase just below it. Presently, there exists a support zone around the 29,500 level and a resistance zone around the 31,000 level. In situations like these, it is often prudent to await a definitive breakout and capitalize on the subsequent momentum. Alternatively, one can adopt a "range trading" strategy by purchasing near the support level and selling near the resistance level.


Chris

Head Trader & Coach

www.thetradingmentors.com

 
 
 

Recent Posts

See All

ความคิดเห็น


  • Facebook
  • Twitter
  • YouTube
  • Instagram
GOLD TRADING
Forex trading

Marian (London)

The Weekly Market Analysis is great, this helps me to see where the hyper trends are on all markets, thanks to Chris and his team

Gold Trading

Sam (USA)

I joined as a Member and receive the Full Market Analysis everyday, so I can view the video analysis on demand great value. I am now confident when I place my positions to make regular profits.

Bitcoin trading

Paul (South Africa)

After completing the Advanced Pro Charts Course, I finally realised I love sniper trading, along with trading Gold, the Gold Trading Software is fantastic. Thanks Chris for all your continued support.

Best charts for forex
© 2025 All Right Reserved.
The Trading Mentors

Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. All information is for educational purposes.

bottom of page