The chart represents the Bitcoin (BTC) price against Tether (USDT) on a weekly timeframe from Binance. It includes key technical indicators, such as the Stochastic Momentum Index (SMI) and Relative Strength Index (RSI), as well as a long-term ascending price channel that has historically contained Bitcoin's price action. The red line drawn within the channel represents my price prediction for the coming years.
1. Trend Analysis & Price Channel
The price action has been moving within a well-defined ascending parallel channel since 2019.
The upper boundary of this channel has acted as resistance, and the lower boundary has provided strong support.
Historically, Bitcoin's price has experienced multiple bull runs reaching the upper boundary of the channel before significant corrections.
2. Prediction (Red Line)
Short-Term (2025 - Mid 2026): Bitcoin is likely to experience continued growth, possibly reaching the upper resistance of the ascending channel. The price could test levels above $100,000.
Mid to Long-Term (Late 2026 - 2027): Once the market reaches the upper channel, a strong correction is expected.
Historically, Bitcoin follows a boom-and-bust cycle, meaning that after major uptrends, it retraces significantly.
The red line suggests that Bitcoin could undergo a multi-year downtrend, possibly breaking below the midline of the channel and approaching the lower boundary near $50,000 - $60,000.
3. Momentum Indicators
Stochastic Momentum Index (SMI): The SMI shows extreme overbought conditions, which is a signal that a price correction might be on the horizon.
Relative Strength Index (RSI): The RSI is currently hovering around 62.47, indicating bullish momentum but nearing overbought levels. A decline in RSI would confirm the bearish correction.
Bullish Outlook (Short-Term, 2025-2026): Bitcoin is likely to continue moving higher, possibly surpassing $100,000 before reaching the upper boundary of the channel.
Bearish Outlook (Long-Term, 2026-2027): A major correction is expected after this peak, potentially dragging the price towards the lower end of the channel ($50,000 - $60,000).
Overall Strategy: Long-term investors should be cautious as BTC approaches the upper trend line and consider risk management strategies.
1. Trend Analysis & Price Channel
The price action has been moving within a well-defined ascending parallel channel since 2019.
The upper boundary of this channel has acted as resistance, and the lower boundary has provided strong support.
Historically, Bitcoin's price has experienced multiple bull runs reaching the upper boundary of the channel before significant corrections.
2. Prediction (Red Line)
Short-Term (2025 - Mid 2026): Bitcoin is likely to experience continued growth, possibly reaching the upper resistance of the ascending channel. The price could test levels above $100,000.
Mid to Long-Term (Late 2026 - 2027): Once the market reaches the upper channel, a strong correction is expected.
Historically, Bitcoin follows a boom-and-bust cycle, meaning that after major uptrends, it retraces significantly.
The red line suggests that Bitcoin could undergo a multi-year downtrend, possibly breaking below the midline of the channel and approaching the lower boundary near $50,000 - $60,000.
3. Momentum Indicators
Stochastic Momentum Index (SMI): The SMI shows extreme overbought conditions, which is a signal that a price correction might be on the horizon.
Relative Strength Index (RSI): The RSI is currently hovering around 62.47, indicating bullish momentum but nearing overbought levels. A decline in RSI would confirm the bearish correction.
Bullish Outlook (Short-Term, 2025-2026): Bitcoin is likely to continue moving higher, possibly surpassing $100,000 before reaching the upper boundary of the channel.
Bearish Outlook (Long-Term, 2026-2027): A major correction is expected after this peak, potentially dragging the price towards the lower end of the channel ($50,000 - $60,000).
Overall Strategy: Long-term investors should be cautious as BTC approaches the upper trend line and consider risk management strategies.
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