Bitcoin(BTC): Plan A($140K) & Plan B($70K then $140K) / New ATH

16 Des 2024

The new week is showing some major bullish signs, where Bitcoin is breaking recent all-time highs (ATH) and seems to be getting ready for next momentum here.

Despite that, we are seeing some bullish signs, and we are still waiting to see that correction before actually forming the last ATH for the bull market.

So here we are again with 2 possible scenarios, where there is a possibility of seeing the price break current highs and with bigger volume, go for the 140K zone.

The other scenario is where we will see a correction to start and then move to 140K.

To be honest, looking currently at the markets, Plan A seems more logical, but if we actually manage to go for it, then from there we will see some bigger corrections, but not the bearish trend of course, just a liquidity move and consolidations.

Swallow Team

16 Des 2024

Catatan

On a daily timeframe, we had a quick liquidity grab at the beginning of the day, where price formed a new ATH near 106.5K.

We are not seeing some kind of weakness kicking in on even smaller timeframes where there is a possibility to form an MSB, which might shift the price back near 95K.

So our gameplan remains the same; we keep an eye out for more confirmations, and we are not rushing into the trading.

If we do not see the price to reach our entry zone for downward movement, then, as we mentioned on the weekly timeframe, we might see 140K earlier than we thought!!

17 Des 2024

Catatan

On a 4H timeframe, bitcoin has broken out of the major resistance zone and somewhat retested it but...

This re-test seems rather weak, which also left a smaller CME gap with it near the zone.

We expect to see the re-test of that 100K zone, which would give us a proper understanding of whether we will go and expand further to new ATHs or we will go and take all the 13B liquidity that is lying near $94-93K.

18 Des 2024

Catatan

We are seeing a great rejection happening from current ATHs, which is leading price back to Bitcoin's support zone at 100K.

Now for a healthy upward movement we need to secure this zone and of course re-test it properly as well, but if we see a weakness near this zone then most probably we will re-test the 200EMA mark, which is close to the 95K price!

19 Des 2024

Catatan

Well, Bitcoin has reached our smaller target of 100K, where now we are seeing some kind of recovery.

Yesterday's liquidity hunting resulted in a reversal of trend and now we are back above the support zone (which can now be considered a proper support zone).

Currently we are looking at the ATHs zone as we see the surge in buying pressure but if we see any signs of weakness, then this plan will be gone and we will be looking for the 200EMA line on this timegram to be reached!

20 Des 2024

Catatan

Bitcoin made a massive sweep of liquidity, which might result in the major correctional movement that was needed (for a healthy upcoming bull run).

Breaking 200EMA would be a strong confirmation for a trend reversal so keep your attention there now!

Swallow Team