Bitcoin
Long

Bitcoin - Weekly Forecast - Technical Analysis & Trading Ideas

651
Midterm forecast:
  • While the price is above the support 73777.00, resumption of uptrend is expected.
  • We make sure when the resistance at 91037.20 breaks.
  • If the support at 73777.00 is broken, the short-term forecast -resumption of uptrend- will be invalid.

BTCUSD
Technical analysis:
  • A peak is formed in daily chart at 109588.00 on 01/20/2025, so more losses to support(s) 78180.00 and minimum to Major Support (73777.00) is expected.

Take Profits:
  1. 86499.57
  2. 91037.20
  3. 94505.46
  4. 98489.63
  5. 101430.12
  6. 105431.17
  7. 109932.89
  8. 115000.00
  9. 120000.00
  10. 125000.00
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    ForecastCity Support Team
  11. 130000.00

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