Buying BTCUSD from $109,000

Bitcoin is likely to enter a second consolidation phase before its next upward wave. During the first phase, a pennant pattern formed, with prices largely fluctuating within the previously reached $116,000–$120,000 range. From a technical perspective, this was insufficient—the price should have retested the prior flat range of $102,000–$110,000 for stronger confirmation. And this might only be the beginning. Bitcoin prices could fall to at least the 109,000 level. A downward correction to $103,000 isn’t ruled out as well.

The global financial system is now facing mounting uncertainty and risks due to a drastically altered market configuration, changing trade rules, soaring government debt in major economies (including but not limited to the United States), population aging, and tech developments. With future outlooks increasingly unclear, holding savings in traditional financial instruments or fiat currencies becomes riskier. This drives demand for alternative stores of funds like cryptocurrencies, which are increasingly perceived as safe-haven assets. Notably, cryptos exhibit the same chart patterns and technical behavior as conventional financial tools.

Bitcoin is nearing the end of its correction-consolidation phase and should soon be ready for another wave of growth.

Buying BTCUSD from $109,000 is generally recommended.

A Take Profit order could be set at $125,000. A Stop Loss could be placed at $99,000.

The size of the open position should be determined so that the potential loss (protected by the Stop Loss order) does not exceed 1% of your deposit. In case your deposit doesn’t allow opening a position of this size, it’s better to avoid entering the market on this signal and wait for other low-risk criteria trade options.