Bitcoin Breakout Confirmed: Crypto Market Analysis and Profitable Gridbot Strategy

Bitcoin has officially confirmed a breakout above a crucial price line, with the liquidation heat map drawing prices higher despite encountering short-term resistance and a massive weekly bearish divergence. This market presents opportunities for quick, passive profits, particularly through a gridbot trading strategy optimized for choppy, sideways price action, while also monitoring key altcoins and macro market correlations.

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Key Points Summary

  • US Stock Market and CPI Data

    New CPI inflation numbers were released, coming in at 3%, slightly below the 3.1% expectation, which was relatively neutral to very slightly bullish for markets. The US stock market, represented by the S&P 500, is pumping towards new all-time highs, which historically correlates positively with the crypto market, as crypto bear markets typically coincide with bearish stock market periods.

  • Bitcoin Weekly Price Chart Outlook

    The Super Trend indicator on the weekly Bitcoin chart remains green, signaling a larger bull market. However, a significant bearish divergence suggests a likely lack of bullish momentum for approximately the next month, indicating a probable range-bound period with mixed short-term bullish and bearish price action.

  • Bitcoin Daily Price Chart Breakout

    Bitcoin has confirmed a breakout with a daily candle close above a very important previous ascending line of support, which recently acted as resistance, now sitting at approximately 111,000. Holding above this level is crucial to avoid a temporary invalidation of the breakout or a fake-out.

  • Bitcoin Short-Term Resistance Levels

    Bitcoin faces short-term resistance from 111.7K to 112K. A confirmed breakout above this range would likely lead to a move towards 113K, with the next significant resistance residing between 115.7K and 116K.

  • Bitcoin Liquidation Heat Map Targets

    The Bitcoin liquidation heat map indicates substantial liquidity building above the current price, primarily around 114,000 and slightly above 116,000, which are identified as major price targets for potential upward movement in the coming days.

  • Bitcoin Bullish Divergence Influence

    A short-term bullish divergence remains active, influencing Bitcoin's price towards either slight bullish relief or choppy sideways price action, which is exacerbated by the presence of multiple resistance levels leading to rejections.

  • Gridbot Trading Strategy for Passive Profits

    The gridbot trading strategy is presented as an effective method for generating passive profits during choppy, sideways price action. This automated bot places buy orders on price dips and sell orders on bounces, currently yielding over $1,500 in passive profits within a week on the Pinex exchange.

  • Pinex Exchange Bonuses and Copy Trading

    Users can claim substantial bonuses on Pinex, including a $50 USDT bonus for KYC or a $100 bonus for depositing $100, up to a $1,000 bonus for a $10,000 deposit, by creating an account via a specific referral link. The copy trading feature for the gridbot strategy is also exclusively accessible through accounts made using this link.

  • Tubbit Exchange for No-KYC Trading

    Tubbit, a no-KYC exchange, offers massive bonuses up to 10,000 USDT in trial funds and 8,000 USDT in withdrawable stablecoins. Additionally, new accounts created via a specific referral link receive a free 30 USDT trial fund bonus and a one-month VIP3 upgrade, providing access to cheaper trading fees.

  • Bitcoin Dominance Outlook

    The Bitcoin dominance chart continues to play out a bullish divergence, suggesting a likely scenario of slight bullish relief or continued sideways price action for Bitcoin's market share.

  • Ethereum Price Action

    Ethereum recently saw a 3-day candle close within its support range of 3.9K to 4.1K. A daily bullish divergence implies more choppy sideways price action in the short term, making it suitable for a gridbot trading strategy. On the 8-hour timeframe, Ethereum is bouncing within a sideways range of 3.7K-3760 support and 4060-4.1K resistance.

  • Solana Price Action

    Solana is currently testing resistance between 190 and 200. A breakout above $200 would target short-term resistance at $209, followed by significant resistance at $230. Key support for Solana is identified around 170-175, with choppy sideways price action expected in the short term.

  • XRP Price Action

    XRP continues to play out a larger weekly bearish divergence, maintaining a bearish trend of lower highs and lower lows. However, a shorter-term daily bullish divergence suggests a slight bullish relief or choppy sideways movement for the next few days to one or two weeks. Support is seen around 230-240, and resistance at $260.

  • Chainlink Price Action

    Chainlink is in a bearish trend, forming lower highs and lower lows, but a shorter-term daily bullish divergence indicates likely choppy sideways price action or a slight bullish relief over the next few days. Support levels are identified at 1730-1740 and 1570, with strong resistance at 1950-20.

We've never really had a bear market for crypto while the stock market is pumping into all-time highs.

Under Details

Asset/StrategyKey Level/IndicatorDescription/ValueOutcome/Benefit
BitcoinBreakout ConfirmationDaily candle close above 110K, now testing 111KCrucial to hold this level for continued bullish momentum.
BitcoinShort-Term Resistance111.7K - 112K; next significant at 115.7K - 116KExpect potential struggle or rejection from these price points.
BitcoinLiquidation Heatmap TargetsAbove 114K and 116KLikely areas for price to move towards in the short term.
Gridbot TradingIdeal Market ConditionChoppy, sideways price actionAutomates buying dips and selling rallies, generating passive profits (e.g., $1500+ in a week).
Pinex/Tubbit ExchangesReferral Link BonusesDeposit bonuses ($100-$1000), trial funds (up to 10K USDT), VIP upgradesProvides significant free capital and reduced trading fees for new users.

Tags

Cryptocurrency
MarketAnalysis
Bullish
Bitcoin
Altcoins
TradingStrategy
PassiveIncome
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