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Bitcoin - Weekly Forecast - Technical Analysis & Trading Ideas

1707
Midterm forecast:
  • 73777.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:
  • A trough is formed in daily chart at 88963.75 on 01/13/2025, so more gains to resistance(s) 102643.85, 108293.92, 110000.00 and more heights is expected.

Take Profits:
  1. 99607.07
  2. 102643.85
  3. 108293.92
  4. 110000.00
  5. 115000.00
  6. 118110.67
  7. 120000.00
  8. 125000.00
  9. 130000.00
  10. 134142.91

    Total Profit: 5567500 point (55%)
    Closed trade(s): 506200 point Profit
    Open trade(s): 5061300 point Profit

    Trade Setup:
    We opened 11 BUY trades @ 94545.07 based on 'Hammer' entry method at 2025-01-13.

    Closed Profit:
    TP1 @ 99607.07 touched at 2025-01-15 with 506200 point Profit. (5%)

    Open Profit:
    Profit for one BUY trade is 99606.37(current price) - 94545.07(open price) = 506130 point (5%)
    10 trade(s) still open, therefore total profit for open trade(s) is 506130 (5%) x 10 = 5061300 point (50%)
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aitraderbitcoinpricebitcointradingbitcoinusdbitconbtctradeBTCUSDbtcusdanalysisMultiple Time Frame AnalysisSupport and ResistanceTrend Lines
ForecastCity
High Accurate forecasts by 4CastMachine AI

✅36 Forex Pairs
✅175 Cryptos
✅16 Indices
✅Gold, Silver...

👉Follow.ForecastCity.com

FREE Telegrams:
👉t.me/ForecastCity_com
👉t.me/Free_Forex_AI
👉t.me/Free_Crypto_AI
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.