A common pattern across financial markets, not just cryptocurrencies, is observed on the daily Bitcoin chart. This pattern suggests that each upward price impulse builds on previous highs. In other words, the price surges, consolidates, then pulls back to the area of prior peaks before rebounding into a new uptrend.
The next support zone is currently projected between $109,000 and $112,000. Once the Bitcoin price drops to this range, buying can begin. The target for the next growth phase will be $130,000–$135,000 per coin. It’s quite difficult to predict when it will start. The chart shows that the time spent on the upward momentum is approximately one-tenth of the time spent on the subsequent consolidation. Thus, BTC trades in a flat 90% of the time.
Unlike Ethereum—which risks surrendering half of its four-month gains—Bitcoin’s downside potential appears limited due to strong support established between $100,000 and $110,000 over the same period.
The overall recommendation is to buy Bitcoin when the price hits $110,000 per coin.
Take Profit: $130,000. Stop Loss: $97,000.
The volume of the opened position should be calculated so that the potential loss (protected by a Stop Loss order) does not exceed 1% of your deposit. If your account balance doesn’t allow opening a position of this size, it’s better to avoid entering the market on this signal and wait for other trade options that meet low-risk criteria.
This content is for informational purposes only and is not intended to be investing advice.
