Bitcoin Price Analysis - Bitcoin is starting to break out above the $110 thousand level, potentially deviating from a previous fractal pattern observed in late 2024 and early 2025 [1][5][6] - A daily candle close above $110 thousand could signal a continued short-term bullish relief, with potential resistance around $111700 to $112 thousand, $113500, and a major resistance at $116 thousand [6][14][15] - Despite short-term bullish signals, a bearish divergence remains technically active on the weekly timeframe, suggesting a possible larger sideways consolidation between $100 thousand to $125 thousand or a pullback [3][4][9] Altcoin Analysis - Ethereum is testing resistance between $4060 to $4100, with a potential breakout targeting $4250 to $4280; a confirmed breakout could form a double bottom pattern [32][33][34] - Solana is testing resistance between $190 to $200; a confirmed breakout above $200 could target $209 to $210, potentially forming a double bottom pattern [37][38][39] - XRP shows a short-term bullish divergence, targeting $260 to $270 as the next major resistance; a breakout above this level would be an extremely bullish signal [42][43][44] - Chainlink also exhibits a bullish divergence, with a short-term target of $1950 to $20; a breakout above $20 could lead to a target of around $22 [46][47][48] Trading Strategy - The analyst is using a trading bot that automatically places buy and sell orders, generating approximately $14500 in passive profits over the last couple of days [16][17] - The trading strategy can be copied by creating a Pinex account using the provided links, which also offer bonuses such as 50 USDT for completing KYC and deposit bonuses up to 1000 USDT [18][19][20][21] Bitcoin Dominance - The Bitcoin dominance chart shows a bullish divergence, suggesting that Bitcoin may outperform altcoins in the short term [28][29] - Resistance for Bitcoin dominance is between 605% to 61%; a rejection from this area could lead to altcoins outperforming Bitcoin [30] Liquidation Levels - The price of Bitcoin is approaching liquidity points at around $112300 and $116300, which could act as resistance [24][25]
BITCOIN: THIS CHANGES EVERYTHING (Get Ready)!!! - Bitcoin News Today, Ethereum & Altcoins
Crypto World·2025-10-20 10:21