Description
In this video, institutional trader Tony Barassi breaks down the 1-day Bitcoin chart to uncover the most likely market scenarios and highlights the exact price levels you need to watch.
Drawing from nearly 7 years of institutional trading desk experience, Tony shares his insider perspective on whether Bitcoin is setting up for a bullish breakout or a deeper correction. Learn how the market behaves around major liquidity pockets and why trading off specific levels is the key to navigating this choppy, sideways consolidation.
📉 Bull vs. Bear Scenarios: Key Levels to Watch
The $65,000 Resistance Ceiling: Discover why staying below $65k keeps the bear trade in play, and how a daily or weekly candle close above this level could trigger a bull run toward $70,000 (testing the critical 200-day moving average).
The $61,500 Support Floor: We dive into the CoinGlass Liquidation Heatmap to reveal where the heavy cluster of long stop-losses are sitting, explaining the recent choppy price action.
The Downside Risk: What happens if Bitcoin gives up the $58,000 and $57,500 support zones? Tony maps out the potential flush down toward $50,000.
⏱️ Timestamps
00:00 - Introduction: Where is Bitcoin Heading Next?
00:16 - 1-Day Chart Analysis & the 200-Week Moving Average
01:34 - The $65,000 Liquidity Pocket & Downside Risks
03:45 - Weekly Chart Outlook & the 200-Day Moving Average
04:44 - CoinGlass Liquidation Heatmap: Price Floor vs. Ceiling Explained
If you found this institutional technical analysis helpful, make sure to like this video, subscribe to the channel, and hit the notification bell so you never miss a crypto market update!
💬 Where do you think Bitcoin is going next? Let us know your thoughts in the comments below!
Disclaimer: This video is for educational and informational purposes only and should not be considered financial or investment advice. Always do your own research before trading.