Greetings to you on the crypto site. My name is Viktor and today I will share my opinion about #bitcoin, #btc-usdt, using the TradingView service, here Bitcoin $105,000: Weekly Forecast
Bitcoin $105,000: Weekly Forecast
Current State of the Cryptocurrency Market
Bitcoin has reached the $105,000 mark, and this is causing considerable interest among both traders and investors. The Fear and Greed Index is at 83 points, which indicates high demand and a strong emotional component in the market. Against this background, most market participants are inclined to accumulate the asset, and technical indicators show that two people are selling, 10 are watching, and 14 are actively buying Bitcoin.
The overall crypto risk remains in the orange zone, which confirms the high level of risk for new transactions. However, the salana continues to be in the green zone, which may indicate the potential for its growth.
Bitcoin dominance has recently shown interesting fluctuations. After a sharp decline, it recovered to 57%, which confirms the return of attention to the first cryptocurrency. This creates the prerequisites for a possible further growth of Bitcoin to the level of $110,000, and subsequently to $130,000 in the next few weeks.
As for USDT, we are observing its gradual exit from the reserves into the cryptocurrency market. This process has already gained momentum, and assets that were previously in stablecoins are flowing into Bitcoin and altcoins.
Liquidation map and forecast for the week
According to the liquidation map, there is an accumulation of long positions in the zone of $100,000–110,000. This indicates the willingness of traders to raise stop losses to higher levels in the event of further growth. However, before that, a slight pullback to the levels of $98,000–100,000 is likely to “clean up” activity and create the foundation for a new stage of growth.
Technical indicators, in particular CCI and Momentum, show that the Bitcoin market remains overheated. However, this situation may change quickly after the divergence on the daily chart is worked out. The most likely scenario is consolidation within the current levels with further upward movement.
Alt season: still ahead
Altcoins are only in the initial phase of growth. The general indicator of altcoin capitalization indicates that the market has not yet reached the average level, and therefore has significant potential for further development. Accordingly, even with the presence of Bitcoin fluctuations, the alt season remains promising.
Conclusions
This week, Bitcoin is expected to continue its movement to $ 110,000, although a short-term pullback is likely. Altcoins are also showing growth, and this trend is only gaining momentum. All indicators confirm that the market remains in an upward trend, although it is worth being careful and analyzing the situation yourself.
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Greetings to you on the crypto site. My name is Viktor and today I will…
Greetings to you on the crypto site. My name is Viktor and today I will…
Greetings to you on the crypto site. My name is Viktor and today I will…
Greetings to you on the crypto site. My name is Viktor and today I will…
Greetings to you on the crypto site. My name is Viktor and today I will…
Greetings to you on the crypto site. My name is Viktor and today I will…
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