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$BTC Lower Time Frame (LTF) structure on the 4-hour chart is showing signs of a trend reversal with a pattern of higher highs and higher lows, which suggests that bullish momentum could continue. Key Takeaways from the Chart Analysis: 1. Breakout from Downtrend Resistance: Bitcoin was previously trapped under a descending trendline (blue line) for an extended period. The price broke above this resistance, signaling that selling pressure has weakened and buyers are taking control. 2. Retesting Key Support (~$84,000 Zone): After the breakout, BTC rallied to above $88,000 but has since retraced. The $84,000 zone (gray box) is a crucial support level—previously acting as resistance and now being retested. If BTC holds above this level, it could confirm the support flip and lead to another leg up. 3. Structure of Higher Highs & Higher Lows: The chart shows a higher low forming, which is a bullish signal. As long as BTC does not break below $84,000, this bullish trend structure remains intact. 4. What Happens Next? Bullish Scenario: If BTC bounces off $84,000 and pushes higher, we could see a move back toward $90,000 and beyond. Bearish Scenario: If BTC falls below $84,000, it could invalidate the bullish structure, leading to deeper corrections toward $81,000 or lower. Final Thoughts: $84K is the key battleground. Holding above it would confirm trend continuation, while breaking below it could signal weakness. Traders should watch for price action signals at this level—a strong bounce would favor bulls, while a breakdown could bring more downside. Bitcoin is at a decision point—let’s see if the bulls can maintain control!

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BITCOIN The Ultimate Cycle Model calls for $160k! Bitcoin (BTCUSD) is rebounding following yesterday's Fed Rate Decision. Technically the rebound has already started 10 days ago after the market nearly bottomed on the 1W MA50 (red trend-line). This is the strongest long-term Support level, as it is where BTC priced Lows and rebounded on August 05 2024 and September 11 2023, but it is not the only one. With the current 2023 - 2025 Bull Cycle pattern being a Channel Up, this is the absolute and ultimate model that has been guiding the price action and can help estimate any future moves. Given that, it's also the 0.382 Fibonacci retracement level that supported both Lows (as well as the current one) on the 1W MA50 mentioned above. As a result, we are so far on a double Support cluster. The 1W RSI comes in as the 3rd Support, as it hit and is rebounding now on its 2-year Support level, where the bounces of September 07 2024 and September 11 2023 happened. It is also important to mention that the Channel Up can be divided into two phases, Phase 1 (green Channel Up), which traded within the 0.0 - 1.0 Fibonacci range and Phase 2 (blue Channel Up), which trades within the 0.5 - 1.5 Fibonacci range. The symmetry within those patterns are so high that the two Bullish Legs of Phase one have both rallied by +100.64%. If Phase 2 follows the same dynamic, and there is no reason to assume it won't as the Bearish Legs have been almost identical, we can assume that the Bullish Leg that has just started will rise by +121.48%, same as the previous one (Aug - Dec 2024). That gives us a Target estimate of $160000.

The Arizona House of Representatives’ Commerce Committee has approved the Bitcoin Reserve Bill SB1373 with a narrow vote of 6-to-4, resulting in a modest 1.36% price increase in the past 24 hours, CoinMarketCap data shows. This vote marks a significant step forward in Arizona’s efforts to integrate cryptocurrency into its financial framework, in line with the State’s growing interest in the management of digital assets. Related: Bitcoin’s Getting New Big Players: Fresh Whales Amassing Millions The bill , initially introduced in the Senate, has moved through the legislative process relatively quickly. It reached this key stage in the House after passing its third reading in the Senate with a 17-12 vote on February 27 . Sponsored by Republican Senator Mark Finchem, SB1373 aims to establish a “Digital Assets Strategic Reserve Fund” to be managed by the state treasurer. This fund would consist of money allocated by the legislature, along with any cryptocurrency assets seized by the state. Notably, the bill includes safeguards to limit investment risk, preventing the treasurer from allocating more than 10% of the total fund deposits to any single fiscal year. The legislation allows for the lending of digital assets to potentially generate returns, provided that such activities do not increase the state’s financial exposure. Arizona is currently trailing only Utah in the race among US states to establish formal crypto reserve investment policies. While SB1373 advances, another Bitcoin-related bill, the Strategic Bitcoin Reserve Act (SB1025), co-sponsored by Republican Senator Wendy Rogers and Representative Jeff Weninger, has also gained momentum. SB1025, passed by the Senate with a 17-11 vote, takes a different approach by focusing on public fund investments in cryptocurrency assets. Bitcoin trades at $83,622.77, dropping 13% in the past 30 days. The Relative Strength Index (RSI) currently sits at 44.54, indicating a neutral to slightly bearish momentum. The downward slope of the RSI line suggests that the likelihood of Bitcoin breaking above its 20-day Exponential Moving Average (EMA) at $85,356 is not particularly high at the moment. Related: Diverging Paths in Crypto Futures: Bitcoin Volume Rises as Ethereum and Solana Remain Flat Meanwhile, the MACD indicator recently confirmed a bullish divergence with the MACD line (blue) breaking above the signal line (orange). The MACD histogram has also turned green, suggesting a significant possibility of higher price highs in the near term. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

This chart represents a technical analysis of Bitcoin ($BTC ) on the 1-hour timeframe from Coinbase.Here are the key elements of the analysis: 1️⃣Order Block (Green Zone): The green zone represents a significant order block, indicating an area where institutional buying or selling activity previously took place. The price has reacted strongly to this zone, confirming its importance. 2️⃣ Entry Point (White Line & Label): The price has broken above the order block, suggesting a bullish entry. This level is marked as an optimal entry zone for a long position. 3️⃣Price Movement & Target Levels (Yellow Arrows): Two yellow arrows suggest that the price is expected to move upwards towards key resistance or profit target zones. 4️⃣Target Levels (Dashed Lines & Blue Labels): $88,000.17 and $90,681.03 are identified as potential profit targets, indicating resistance levels where the price may face selling pressure. 5️⃣ Current Price & Trend: Bitcoin is currently trading at $85,511.26, with a 3.40% increase. The strong breakout suggests bullish momentum. 6️⃣Market Volume (Right-Side Volume Profile): The volume profile on the right shows high trading activity around the $84,000 level, which could act as support in case of a pullback. $BTC Summary: A breakout above a key order block suggests bullish continuation. Entry is positioned above the breakout. Target levels are set at $88,000 and $90,681. High probability of upward movement based on volume and trend analysis. This analysis suggests a bullish setup with potential gains if the price sustains above the order block and moves toward the target zones.