Current Situation: As of January 5, 2025, Bitcoin’s price stands at $97,795.01 with a slight decrease of 0.01%.
The chart indicates that Bitcoin’s price is moving within a parallel price channel. The current price is near the lower boundary of this channel. The presence of a bullish three-line strike pattern suggests a potential price increase.
If Bitcoin’s price breaks above the lower boundary of the channel, it may rise towards the $105,000, $110,000, and $115,000 levels. Conversely, if the price falls below this boundary, it could drop to the $80,000, $75,000, and $70,000 levels.
The chart indicates that Bitcoin’s price is moving within a parallel price channel. The current price is near the lower boundary of this channel. The presence of a bullish three-line strike pattern suggests a potential price increase.
If Bitcoin’s price breaks above the lower boundary of the channel, it may rise towards the $105,000, $110,000, and $115,000 levels. Conversely, if the price falls below this boundary, it could drop to the $80,000, $75,000, and $70,000 levels.
Your AI Compass in the Crypto World
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.
Your AI Compass in the Crypto World
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.