Introduction #
A common problem for analysts is encountering conflicting chart outcomes, leaving them uncertain about which interpretation is correct. One analyst found a solution: instead of sharing one chart, he shared four.
Four Bitcoin Charts to Watch #
In a post on X (formerly Twitter), Titan of Crypto shared four key charts of Bitcoin’s price. He stated that his bias is now 80% bearish and 20% bullish. The critical factor in these charts is the support level—the price point where Bitcoin has historically recovered.
- Chart 1: Market Structure – This chart uses the top of the previous bull market in 2022 and early 2024 as support, which lies around $85,000 via a slightly rising trendline. If Bitcoin drops below this level, Titan turns bearish.
- Chart 2: Fair Value Gap (FVG) – This chart focuses on the rally starting in late 2023 to the present, using an FVG to determine direction. If support holds, the market may see a rebound.
- Chart 3: Market Structure – Here, the early 2024 top and the dip around April 2025 are key levels. Support is around $75,000, offering more cushion than the other charts.
- Chart 4: Fibonacci Levels – Bitcoin is currently at the 38.2% support level ($84,000). A drop below this would be negative, according to Titan.
Technical Analysis #
Many analysts use technical analysis to create charts, hoping to predict near-term price movements based on historical patterns. When key levels are breached, they draw conclusions. This approach aims to outperform random investing, though it’s essentially educated guessing. While not guaranteed, it provides indicators to build strategies that typically yield more profits than losses. However, with numerous factors influencing markets today, this has become increasingly challenging. Still, many investors rely on it, as demonstrated by this analysis.