Bitcoin Headed For $105K!? Big Support Below!
Bitcoin Headed For $105K!? Big Support Below!
226 days agoCrypto Banter
Podcast24 min 40 sec
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights

Consider a high-conviction entry on Avalanche (AVAX) at the $26.50 support level, which is described as a prime long zone with strong technical confluence. A similar high-probability opportunity exists for Lido (LDO) in the robust support area between $1.015 and $0.96. For Chainlink (LINK), a key buying opportunity is highlighted in the $19.50 to $19.20 range, supported by bullish technical indicators. Investors looking at Solana (SOL) should watch the $174 to $164 area, identified as a "mega high probability" bounce zone for a potential entry. Finally, Bittensor (TAO) has reached a major support level at $290 that has been anticipated for months, presenting a critical area to watch for a reaction.

Detailed Analysis

Bitcoin (BTC)

  • The market is experiencing a significant downturn, but the speaker sees signs of a potential short-term reversal.
  • Short-term bounce levels being watched on the 1-hour chart are $108,320 and $107,400, with a possible brief drop to $107,000.
  • On the higher 3-day timeframe, there could be more downside. A key support region is around $105,000, which aligns with the 200-day moving average and a major Fibonacci level.
  • If the price continues to fall, major bounce zones for placing "stink bids" (deep buy orders) are at $99,000 and $93,000.
  • A massive $22.5 billion Bitcoin options expiry is expected tomorrow, which could add to market volatility.

Takeaways

  • The short-term sentiment is bearish, but a bounce is anticipated. Traders might look for a short-term reversal around the $107,000 - $108,320 area.
  • For longer-term investors, $105,000 is the first major support level to watch. If the market experiences a deeper correction, $99,000 and $93,000 are identified as significant areas to consider buying.

Market Indicators & Altcoins

  • Macro Environment: Poor GDP numbers suggest the US Federal Reserve is less likely to cut interest rates soon, which is generally negative for risk assets like crypto. Upcoming PCE inflation data will be a critical event to watch.
  • Bitcoin Dominance (BTC.D): This metric, which measures BTC's market share, is at a resistance level of 59.26%. If it gets rejected here, it would be a bullish sign for altcoins, as it suggests money may flow from Bitcoin to other cryptocurrencies.
  • USDT Dominance: This metric is approaching a major resistance zone between 4.76% and 4.8%. A rejection from this level is bullish for the crypto market, as it indicates that stablecoins (like USDT) are being sold to buy assets like Bitcoin and altcoins.
  • Altcoins: The speaker notes that an RSI heatmap shows many altcoins are extremely oversold, putting them in a "bounce zone." Despite the fear in the market, the speaker is beginning to cautiously buy into some altcoins.

Takeaways

  • Key market indicators suggest a market-wide bounce could be near. A reversal in both Bitcoin Dominance and USDT Dominance would be a strong confirmation signal.
  • Altcoins appear heavily oversold and are positioned for a potential relief bounce, possibly outperforming Bitcoin in the short term if market conditions improve. This could be a time to cautiously look for opportunities in altcoins that have seen steep declines.

Ethereum (ETH)

  • ETH has lost its previous support zone around $4,000.
  • A potential short-term bounce zone on the 4-hour chart is identified between $3,698 and $3,550.
  • A stronger, higher-timeframe support box is located between $3,690 and $3,450.

Takeaways

  • ETH is in a clear downtrend. Investors looking for a short-term trade could watch the $3,698 - $3,550 area for a bounce.
  • For a more significant entry, the $3,690 - $3,450 zone is highlighted as a stronger area of potential support.

Solana (SOL)

  • The first area to watch for a bounce is at $192.
  • A more significant support level is lower down at $174.
  • A "mega high probability bounce zone" for placing deep buy orders is identified between $174 and $164.
  • For a very short-term trade, the speaker is comfortable looking for a bounce within the $195 to $185 region.

Takeaways

  • SOL is approaching key support levels. A short-term bounce could be played in the $195 - $185 range.
  • A higher-conviction area for a stronger bounce is the $174 - $164 zone, which could be a target for investors looking for a more substantial entry point.

Aster (ASTA)

  • The speaker is "fully out of this thing" and expresses caution.
  • The CEO of Binance (CZ) posted a message telling people to "take a break from Aster," which coincided with its price drop.
  • For those still bullish and willing to take the risk, a potential new entry zone is identified from $1.80 down to $1.64. This is noted as likely being for a short-term bounce, not necessarily a new all-time high.

Takeaways

  • This is a high-risk play. The speaker has personally exited their position and highlights a cautionary message from a major industry figure.
  • Risk-tolerant investors might consider the $1.80 - $1.64 area for a potential bounce, but should be aware of the heightened volatility and negative sentiment.

pump.fun (PUMP)

  • The speaker is actively building a position, seeing bullish signs like a 4-hour bullish divergence.
  • A solid bounce zone is identified from $5.10 down to about $4.40.
  • The speaker expects at least a short-term bounce from this area.

Takeaways

  • The technical indicators for PUMP look favorable for a short-term bounce.
  • Investors could consider the $5.10 - $4.40 range as a potential entry zone.

Hype (HYPE)

  • The project is noted as being fundamentally strong because it is "making money" from fees.
  • A first bounce zone is being watched around $40.30.
  • A "proper bounce zone" to consider a larger position if the market collapses further is between $35 and $33.40.

Takeaways

  • HYPE is presented as having solid fundamentals. A bounce is expected around the $40.30 level.
  • For a more significant discount, the $35 - $33.40 zone is highlighted as a prime buying opportunity.

Avalanche (AVAX)

  • A first potential bounce zone is identified between $28.70 and $28.00.
  • A higher-conviction, "banger" long zone is located at $26.50, which has multiple technical supports (moving average, Fibonacci level, and trendline).

Takeaways

  • AVAX has two potential entry points. A smaller, initial position could be considered in the $28.70 - $28.00 range.
  • The $26.50 level is presented as a much stronger, more confident area to look for a significant bounce.

Sui (SUI)

  • The speaker is currently in a SUI position that is "under pressure," as the bounce from their entry zone has been weak.
  • The current support is between $3.08 and $3.06.
  • If this level fails, the next support levels to watch are $2.86 and $2.75.

Takeaways

  • Exercise caution with SUI. The current support is not holding well.
  • If the price breaks below $3.06, investors should look to the $2.86 and $2.75 levels as the next potential areas for a bounce.

Chainlink (LINK)

  • The speaker "really likes" the upcoming support zone for LINK.
  • The key bounce zone is identified between $19.50 and $19.20.
  • Technical indicators (bullish divergence) are setting up to support a bounce from this area.

Takeaways

  • A strong buying opportunity for LINK is highlighted in the $19.50 - $19.20 zone.
  • This is presented as a high-conviction setup for those who have been waiting to enter a position in LINK.

Near Protocol (NEAR)

  • There are two major bounce zones identified.
  • The first potential bounce area is between $2.80 and $2.77.
  • A much stronger, lower support zone is at $2.00.

Takeaways

  • Investors have two options for NEAR. A short-term bounce could be played around the $2.80 level.
  • For a more significant entry, the $2.00 level is a key area to watch.

Bittensor (TAO)

  • TAO is finally hitting a major support level at $290 that the speaker has been watching for months.
  • If the $290 level fails, the next backup levels are $263 - $265.
  • A "proper big zone" for a major bounce is much lower, between $239 and $223.

Takeaways

  • TAO is at a critical, long-awaited support level of $290. This is a key area to watch for a reaction.
  • If support at $290 breaks, the next levels of interest are $263 and, more significantly, the $239 - $223 range.

Lido (LDO)

  • This is described as a "banger" of a play coming up.
  • The key bounce zone is between $1.015 down to $0.96. This area has strong technical confluence (200-day moving average, Fibonacci level, and a rising trendline).

Takeaways

  • LDO is approaching a very strong support zone between $1.015 and $0.96. This is presented as a high-probability area to look for a bounce.

Brett (BRETT)

  • The price action is described as an "absolute shit show" as it is losing major support levels.
  • If the current level at $0.375 does not hold, the next backup zone is from $0.347 down to $0.33.

Takeaways

  • BRETT is performing very poorly and is in a high-risk state.
  • If it fails to bounce from $0.375, the next area to watch for a potential reversal is $0.347 - $0.33.

Other Altcoins

  • Super (SUPER): A gaming token approaching a "monster weekly level" of support between $0.40 and $0.37. This is a high-impact zone to watch for a reaction.
  • Virtual (VIRTUAL): A "solid bounce zone" is identified between $0.90 and $0.81. This is presented as a key level worth waiting for patiently.
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Episode Description
Is Bitcoin about to dump even further? Dylan highlights the next zone as critical support that could define the next big move. He’ll walk you through the technicals, explain market pressure points, and outline what to watch if Bitcoin tests this level. Stay tuned for clear analysis on Bitcoin’s potential path. ___________________________________________ 🎓 𝗗𝘆𝗹𝗮𝗻’𝘀 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗫𝗰𝗲𝗹𝗲𝗿𝗮𝘁𝗼𝗿 𝗦𝗰𝗵𝗼𝗼𝗹 - 𝗠𝗮𝘀𝘁𝗲𝗿 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗶𝗻 𝟭𝟬 𝗗𝗮𝘆𝘀! 👉 Trading Xcelerator | Crypto School  🚀 𝗖𝗵𝗮𝗿𝘁 𝗛𝗮𝗰𝗸𝗲𝗿𝘀 - 𝗗𝘆𝗹𝗮𝗻’𝘀 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗗𝗶𝘀𝗰𝗼𝗿𝗱 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗚𝗿𝗼𝘂𝗽! 👉 Join Chart Hackers ___________________________________________ 𝗖𝗛𝗘𝗖𝗞 𝗢𝗨𝗧 𝗗𝗬𝗟𝗔𝗡’𝗦 𝗣𝗔𝗥𝗧𝗡𝗘𝗥 𝗘𝗫𝗖𝗛𝗔𝗡𝗚𝗘𝗦 ⬇️ 🚀 𝗖𝗢𝗜𝗡𝗘𝗫 - 𝗧𝗿𝗮𝗱𝗲, 𝗘𝗮𝗿𝗻 & 𝗦𝘂𝗽𝗲𝗿𝗰𝗵𝗮𝗿𝗴𝗲 𝗬𝗼𝘂𝗿 𝗚𝗮𝗶𝗻𝘀 𝘄𝗶𝘁𝗵 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗕𝗼𝗻𝘂𝘀𝗲𝘀! 👉 CoinEx Sign Up 💰 𝗕𝗧𝗖𝗖 - 𝗨𝗽 𝘁𝗼 $𝟭𝟬 𝟬𝟬𝟬 𝗶𝗻 𝗕𝗼𝗻𝘂𝘀! 𝗡𝗼 𝗞𝗬𝗖! 👉 BTCC Welcome Bonus 🐳 𝗪𝗘𝗘𝗫 - 𝗪𝗲𝗹𝗰𝗼𝗺𝗲 𝗕𝗼𝗻𝘂𝘀 𝗨𝗽 𝗧𝗼 $𝟯𝟬 𝟬𝟬𝟬 𝗨𝗦𝗗𝗧! 👉 WEEX Sign Up Bonus  ☄️ 𝗕𝗟𝗢𝗙𝗜𝗡 - 𝗚𝗲𝘁 𝘂𝗽 𝘁𝗼 $𝟰,𝟬𝟬𝟬 𝗶𝗻 𝗕𝗼𝗻𝘂𝘀𝗲𝘀, 𝗡𝗼 𝗞𝗬𝗖 𝗼𝗿 𝗩𝗣𝗡 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝗱! 👉 Blofin Welcome Bonus 💵 𝗕𝗬𝗕𝗜𝗧 - 𝗦𝗰𝗼𝗼𝗽 𝘂𝗽 𝘁𝗼 $𝟯𝟬𝗞 𝗶𝗻 𝗪𝗲𝗹𝗰𝗼𝗺𝗲 𝗥𝗲𝘄𝗮𝗿𝗱𝘀! 👉 BYBIT Welcome Bonus 🔥 𝗕𝗜𝗧𝗙𝗨𝗡𝗗𝗘𝗗 - 𝗧𝗿𝗮𝗱𝗲 𝗪𝗶𝘁𝗵 𝗢𝘁𝗵𝗲𝗿 𝗣𝗲𝗼𝗽𝗹𝗲’𝘀 𝗠𝗼𝗻𝗲𝘆! 👉 Bitfunded Register ___________________________________________ 🗞️ 𝗖𝗥𝗬𝗣𝗧𝗢 𝗡𝗘𝗪𝗦𝗟𝗘𝗧𝗧𝗘𝗥𝗦 - 𝗦𝗶𝗴𝗻 𝗨𝗽 𝗳𝗼𝗿 𝗙𝗥𝗘𝗘!! 📬 𝗧𝗵𝗲 𝗗𝗮𝗶𝗹𝘆 𝗖𝗮𝗻𝗱𝗹𝗲 - https://bit.ly/DC-Dylan 📬 𝗚𝗼𝗼𝗱 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗖𝗿𝘆𝗽𝘁𝗼 - https://bit.ly/GMC-Dylan 📣 𝗛𝗼𝘀𝘁 𝗖𝗵𝗮𝗻𝗻𝗲𝗹𝘀: 👉 𝗗𝘆𝗹𝗮𝗻 𝗼𝗻 𝗫: https://x.com/thelordofentry  ___________________________________________ 👁️‍🗨️ 𝗖𝗿𝘆𝗽𝘁𝗼 𝗕𝗮𝗻𝘁𝗲𝗿 𝗮𝗯𝗶𝗱𝗲𝘀 𝗯𝘆 𝘁𝗵𝗲 𝗳𝗼𝗹𝗹𝗼𝘄𝗶𝗻𝗴 𝗰𝗼𝗱𝗲 𝗼𝗳 𝗰𝗼𝗻𝗱𝘂𝗰𝘁:  Our Ethics – Crypto Banter We take our code of ethics very seriously and have engaged @zachxbt (ZachXBT) to monitor our progress. If you feel we’re not living up to it and have hard evidence please mail ZachXBT directly at reportcb@protonmail.com ⚠️ 𝗕𝗘𝗪𝗔𝗥𝗘 𝗢𝗙 𝗦𝗖𝗔𝗠𝗠𝗘𝗥𝗦 𝗜𝗡 𝗢𝗨𝗥 𝗖𝗢𝗠𝗠𝗘𝗡𝗧𝗦 𝗔𝗡𝗗 𝗖𝗢𝗠𝗠𝗨𝗡𝗜𝗧𝗬 𝗖𝗛𝗔𝗡𝗡𝗘𝗟𝗦 ___________________________________________ 📝 𝗗𝗶𝘀𝗰𝗹𝗮𝗶𝗺𝗲𝗿: Crypto Banter is a social podcast for entertainment purposes only! All opinions expressed by the hosts, guests, and callers should not be construed as financial advice. The views expressed by the hosts and guests do not reflect the views of the station. Listeners are encouraged to conduct their own research.
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