BITCOIN 100K CONFIRMED (My Next Trade)!!! Bitcoin News Today & Bitcoin Price Prediction!

Today is the day Bitcoin has just broken above $100,000 for the first time in history so this is starting the next massive breakout and is right now heading towards the next major price. Target which I’ll talk about in just a moment and yes I am taking this Bitcoin trading opportunity which I’ll be sharing my exact Bitcoin trading strategy in just a moment so definitely read this blog to the end so that you don’t miss. 100K BITCOIN CONFIRMED (My Next Trade)!!! Bitcoin News Today & Bitcoin Price Prediction!

Bitcoin Price Could See Major Growth Over the Next Year

Out on any of this important information first of all starting off on the weekly Bitcoin chart and right now the price of Bitcoin is still playing out this massive bull market signal as I’ve been talking about pretty much every day. Over the last two months or so because around two months ago that’s when this signal confirmed and the last couple of times this bull market signal confirmed we saw a major bull market in the price of Bitcoin for basically the next one year approximately following that signal.

And it’s only been around 2months give or take since this signal has confirmed so we’re still due to see a major bull market continue well into 2025 and if we’re taking a look at this weekly Bitcoin chart looking at the weekly Bitcoin macd of course if you watched. My last few Bitcoin blogs over the last few days you’ll know that we were starting to lose a little bit of bullish momentum in the short term in this indicator on this time frame but since then we’ve actually regained that bullish momentum and continuing higher.

Here in the histogram in the macd and so once again on the larger time frames we’re still looking very bullish as of right now clearly in a bull market and if we’re taking a look at this 4-day Bitcoin chart of course. The super Trend indicator is still sitting in the green indicating a larger bullish market so not much has changed over the last few days in that regard things are still looking very bullish on the larger time frames and if we’re taking a look at this weekly.

Bitcoin Price Target: $102,000 Breakout in Sight

Bitcoin chart right now the price of Bitcoin is finally attempting a breakout above this massive 1618 Fibonacci extension level which is sitting at approximately $102,000 per Bitcoin now ideally we need to see a weekly candle close actually confirm above 102,000 to properly confirm this breakout above that level and if that happens. Then we could go much much higher because the next important Fibonacci level the next major price Target is this 2618 Fibonacci extension level on the 3-day time frame.

And that’s sitting at approximately $113,000 per Bitcoin that is right 113k so from where we are right now to that price Target that’s another 10% pump still to go just to this next price Target and now obviously a 10% move doesn’t sound like a massive move. But for example if you’re in a 10x leverage long position that could be a 100% profit basically doubling your money and at the current rate that could possibly happen very quickly here in the price of Bitcoin but ideally once again we still need to actually confirm that breakout.

Weekly Candle Close Above $102,000 Crucial for Bitcoin

above 102,000 with a weekly candle close and in that case that would flip this previous resistance into new support talking about around 100,000 to 102,000 becoming new support if we were to see potentially a bit of a pullback once again expect support in that area. And if we’re taking a look at the 12-hour Bitcoin chart right now it is finally happening obviously after this massive sideways consolidation for nearly two weeks now just chopping around sideways in the price of Bitcoin very similar to.

Bitcoin Breaks Above $100K, Making History

what we saw pretty much exactly 4 years ago we are finally seeing the next breakout above that all important 100K level Bitcoin is making history today but with that being said it is important to point out that the RSI has not yet broken out on this 12 hour time frame. So ideally to be more confident in this breakout in the price of Bitcoin. we need to also see a breakout here in the 12-hour Bitcoin RSI to properly invalidate this previous bearish Divergence that’s already been playing out for roughly two weeks give or take.

Higher Highs in 12-Hour RSI Crucial for Breakout Confirmation

Because if we’re looking at what happened four years ago obviously along with this breakout in the price action we were also seeing a breakout in the RSI and forming higher highs in the 12 Bitcoin RSI and so obviously that helped further confirm this breakout. Because when we saw that breakout in the RSI that invalidated this previous bearish Divergence so we still need to technically see that here in the 12-hour Bitcoin RSI and that can basically become more confident in this breakout right here once we see the breakout in.

RSI Breakout Could Signal Strong Bitcoin Surge

The RSI we can become more confident and if we’re looking at what happened four years ago once we saw that breakout above 20K which back then was the psychological level of resistance as soon as we saw that breakout the price of Bitcoin pumped well over 10% to the upside within around 1 day approximately now obviously that doesn’t mean we’re going to see the exact same percentage Ed gain within the exact same amount of time but that just tells you that we’re likely going to see a pretty big bullish.

Move potentially in the coming days especially if we can actually confirm this breakout on the weekly time frame with that Weekly candle close above 100K to 102k and ideally if we can also break out here in the 12-hour Bitcoin RSI once again that can make us. More confident in this breakout to the upside expecting a larger move Beyond 110,000 potentially in the coming days but before those slightly larger price targets that I just mentioned we also have a short-term price Target.

Stop Loss Secured in Profits for Bitcoin Trade

About that yes I am taking this trading opportunity right now and I’m taking that trade over on my buybit account as you can see to celebrate the $100,000 Bitcoin breakout I’m currently in a $100,000 Bitcoin long position as you can see on the left hand side right there at the bottom left and so this is currently a 15x leverage long position and essentially I’m just planning to hold this for a while basically trading this bull market. Towards the upside right now my stop loss is already in profits.

And I’ve also secured a small amount of profits out of this trade right here and so at this point at least in my position this is a winwin trade even if the price for whatever reason just crashed back to the downside. That would hit my stop loss which is sitting above my entry price which would essentially automatically close the trade at that level in profits even in the worst case scenario and so when it comes to my Bitcoin trading strategy right now once again you can clearly see that.

I’m long on the price of Bitcoin I’m currently bullish and as of right now this positions around 7,000 USD in profits in less than a day so not too bad and my plan with this trade is to take a small amount of profits off. The table around key levels of resistance so at this price Target which I’ll talk about in just a moment and other price targets that I just mentioned earlier in the video and points of resistance for example I might take a little bit of profits out of. That trade around some of those key levels and also as this bull market continues I’ll just slowly move.

My stop loss further and further into profits so in case you’re new to all of this that just secures more and more profits in that worst case scenario so if for whatever reason we just suddenly crashed. Wherever my stop loss is sitting at that will automatically close the trade at that level and obviously if my stop- loss is well into profits above my entry that secures the trade in massive profits and so that is my current trading strategy right now for the price of Bitcoin as always not personal.

Financial advice I’m just being transparent with the trades that I’m making showing you. Whereas right now I’m making pretty much around $10,000 a day from Trading as you can see and so if you also want to take trades just like this for yourself to make a lot of easy money in crypto and follow me on my trades.

Now that we have confirmed the breakout above that resistance which by the way that point of resistance was sitting at approximately 975,000 so once we broke that level on the price chart that was the signal to go long as I’ve done right. Here as you can see I put my money where my mouth was as always following my own analysis and right now the price target for this breakout trade is sitting at just underneath 106,000 around 1055 th000 give or take and so once again I’ve taken a very small amount of profit.

So far out of this trade just to help basically pay for the fees for opening the trade and the funding rates right now because funding rates are relatively high right now so keep that in mind as well so like I just said I took a small of profits close to this price Target right. Here but the rest of the trade I’m just keeping open trading this bullish move and once again I’ll slowly move my stop loss further into profit to secure more and more profits and then perhaps when we get closer towards around 105.

Half th000 to 106,000 around there I might take a little bit more profits out of this trade and then once again closer towards around 113,000 I also might take a little bit more profits then but I want to make it clear that when I’m talking about taking profits this is talking. About my leverage trade right my short-term leverage trade not necessarily selling my long-term Bitcoin Holdings that right now obviously I’m holding a bunch of Bitcoin in cold storage and so obviously with spot Bitcoin that I’m holding in Cold Storage.

I don’t have to pay any funding rates so I can afford to hold that for much longer periods of time but with this short-term leverage trade there is clearly funding rates on this trade which are basically fees that get charged every 8 hours. So it’s more of a shorter term trade.

So I do look at these levels to take profits and reduce that trade at certain levels and in case you’re new to this Channel and if you missed this trading opportunity right here do not worry there’s always more trading opportunities.

FAQs: Bitcoin Price Predictions

Will Bitcoin go up to $100,000?

The potential for Bitcoin reaching $100,000 remains speculative. Market analysts offer mixed predictions based on technological adoption, institutional investment, and global economic trends. While some experts believe this milestone is possible, others caution against overly optimistic forecasts. Current market conditions and cryptocurrency volatility make such precise predictions challenging.

What is the next price prediction for Bitcoin?

Price predictions vary widely among financial experts. Most reputable analysts suggest Bitcoin could experience significant fluctuations, with estimates ranging from moderate growth to potential substantial increases. However, cryptocurrency markets are inherently unpredictable, and no single prediction can be considered definitive.

What is the price of Bitcoin in the next 24 hours?

Predicting exact cryptocurrency prices within a 24-hour window is impossible. Bitcoin’s value changes constantly based on global trading activities, market sentiment, and real-time economic factors. Investors should use live tracking platforms for the most current pricing information.

What is the prediction for the Bitcoin high?

Bitcoin’s potential high depends on multiple complex factors including technological innovations, regulatory environments, and global economic conditions. While some optimistic projections exist, the cryptocurrency market remains highly volatile and unpredictable. Experienced investors approach such predictions with caution and comprehensive research.

Important Disclaimer: Cryptocurrency investments involve significant risk. Always conduct thorough personal research and consult financial professionals before making any investment decisions.