Bitcoin Long-Term Technical Analysis: Is the Current Dip a Buying Opportunity?
Bitcoin has recently experienced significant volatility, leaving many investors wondering if the current price action represents a market correction or a strategic entry point. In his latest analysis of Bitcoin futures, Itai Levitan from investingLive.com (formerly ForexLive.com) breaks down the 12-hour and 4-hour charts to identify key support levels and potential breakout targets.
Join the Free Telegram Channel: For more real-time trade ideas and market analysis, join the official investingLive.com Stocks Telegram channel for free: https://t.me/investingLiveStocks
Yesteday we shared a high-potential Bitcoin long setup exclusively with our investingLive.com Telegram community, and it played out perfectly. Following our strict risk management rules, we have already moved our stop loss to the entry price and secured partial profits, making this a completely risk-free trade! This discipline is a core pillar of our trading philosophy — prioritizing capital protection while letting winners run. If you want to learn how to execute stress-free trades like this and see our real-time adjustments, join our free Telegram channel today.
Looking at the 12-hour charts, the market recently witnessed what Levitan describes as a “messy breakout down.” This movement activated a bear channel, signaling short-term downward pressure. However, for long-term investors, technical context is crucial.
Despite this bearish activation, the price action has entered a specific “green zone.” According to the “Buy the Dip” plan shared on the investingLive.com Telegram channel, this area represents a calculated opportunity for accumulation rather than a signal to panic sell.
When zooming into the 4-hour time frame, the analysis shifts to identifying the reversal setup. Different algorithms may draw the channel lines slightly differently — catching various highs or closing prices — but the longer-term view remains consistent.
Levitan notes that the market may be forming a “handle” structure. This consolidation is often a precursor to a breakout. Traders should keep a close watch on the $95,000 to $95,500 price range. A decisive move above this level could confirm a “breakout up,” potentially followed by a retest of that level as support before continuing higher.
If the bullish scenario plays out and Bitcoin successfully breaks out from the current structure, the immediate upside targets are significant:
Well, if you’d be on our Telegram Channel, maybe you would have bought the dip on Bitcoin. Since we do not know, or anyone else knows, if this is for sure that longer term dip, we mitigate our risk by moving the stop of the remiainder of the Long, once the first of 4 profit targets are reached (done already), and we have a last target at a new ATH.
Read more on News & Analysis for Stocks, Crypto & Forex | investingLive
