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Bitcoin Advisory Report Date: January 26, 2025Bitcoin Advisory Report Date: January 26, 2025 Prepared for: Investors and Traders ________________________________________ Current Market Overview Bitcoin (BTC/USD) is trading within a tight consolidation range between $106,250 and $103,600, signalling an indecisive market phase. A breakout beyond this range will determine the next directional move. • Median Level Support: $100,000 continues to act as a minor support zone, absorbing selling pressure. • Major Support Level: $75,000 provides a strong foundational level for Bitcoin, expected to prevent deep sell-offs. • Major Resistance Level: $125,000 remains a significant barrier for bullish momentum. ________________________________________ Technical Analysis Key Observations: 1. Consolidation Channel: o Bitcoin is currently oscillating within a defined range of $106,250 (resistance) and $103,600 (support). o A breakout above $106,250 could lead to a bullish rally toward $108,000 in the short term. 2. Momentum Support Levels: o Protecting the $104,500 level is critical to maintain bullish momentum for an upward move. o Failure to hold $104,500 may result in a retest of $103,600 or lower levels. 3. EMA and VWAP: o The exponential moving averages (EMAs) suggest mixed momentum. The EMA 8 crossing VWAP indicates possible short-term buying pressure if sustained. 4. Volume Analysis: o The current trading volume is relatively low, which suggests that market participants are awaiting confirmation of a breakout. A rise in volume will be a key indicator of a decisive move. 5. Short-Term Target: o Based on momentum indicators, if Bitcoin holds $104,500, an upward rally toward $108,000 could be realized by Monday, January 27, 2025. ________________________________________ Fundamental Points 1. Market Sentiment: o Positive institutional adoption and Bitcoin ETFs have bolstered long-term investor confidence. o Macroeconomic factors, such as stable interest rates, are supporting risk-on assets like cryptocurrencies. 2. Regulatory Climate: o Globally, regulatory acceptance for digital assets is increasing, especially with developments in Bitcoin's use in remittance systems. 3. Supply Dynamics: o Bitcoin's limited supply (halving effects) continues to serve as a bullish catalyst over the medium to long term. 4. Global Economic Factors: o Inflation concerns have driven investors toward Bitcoin as a hedge, reinforcing its status as digital gold. ________________________________________ Recommendation Buy Scenario: • Enter a buy position if Bitcoin decisively breaks $106,250, targeting $108,000 initially, with a stop-loss set at $104,500. • Consider scaling into positions if price momentum continues upward toward $110,000. Sell Scenario: • Consider a short position if Bitcoin breaks $103,600, targeting $101,000, with a stop-loss set at $104,500. • Prepare for further downside risk toward $100,000 (minor support) and possibly $75,000 (major support) if selling intensifies. ________________________________________ Conclusion Bitcoin is at a pivotal technical juncture, with the $106,250 to $103,600 range holding the key to short-term price direction. Protecting $104,500 is crucial for bullish momentum, with upside potential toward $108,000. Conversely, failure to maintain support at $103,600 could lead to a bearish retest of lower levels. Investors should watch for volume spikes and breakout confirmations to make informed decisions. ________________________________________
COINBASE:BTCUSDLong
by mmkhan2076
TradeCityPro | Navigating NEXO's Financial Waters👋 Welcome to TradeCityPro! In this analysis, I want to discuss the NEXO coin for you. The NEXO project is a payment platform. This coin has always had issues with the US government and has been involved in several legal cases, but now, with Trump as president, it's experiencing a more relaxed environment. 📅 Weekly Timeframe In the weekly timeframe, we are witnessing an upward trend that started from a low of $0.521 and has managed to reach $1.523 with high buying volume and upward momentum. 🔍 After reaching the $1.523 area, a correction phase started, and the price dropped to $0.923, forming a range box between $0.923 and $1.523. 🔼 Considering the size of the candles, price behavior, and volume, it seems that buyers have been stronger than sellers in this range because they have managed to test the resistance at $1.523 three times, weakening this area with each attempt. ✨ Currently, the price is moving toward this resistance again. Given the high market momentum and key indices like TOTAL, this coin could also see significant momentum if it aligns with these indices, potentially breaking this resistance. 🚀 If the $1.523 resistance is broken, the price targets are around the Fibonacci Extension levels of 1 and 1.618, which approximately align with the $2.6 and $4.9 areas. 💵 Regarding market cap, the current price has a market cap of $900 million. Given this market cap, the potential to reach these targets could increase. 📉 In case of a correction, the first significant area is $0.923. A break below this area could signal a trend change. A break below 50 in the RSI could also indicate a trend change. 📅 Daily Timeframe In the daily timeframe, we can see more details of the price movement within the box. As observed, the price in its last upward move has managed to move toward the $1.542 resistance after breaking the previous high of $1.065. 👀 After reaching $1.542 and the peak of buying volume, a price correction began with decreasing volume, correcting down to the 0.5 Fibonacci level. This area is also an important support zone, and the price has reacted to this zone, now moving back toward the $1.542 resistance. ⚡️ Currently, breaking the 60.23 level in the RSI could be very crucial. If this area is breached, considering the momentum entering the market, the likelihood of breaking $1.542 increases. 📈 The best long trigger currently is at $1.542. If the price stabilizes above this area, we can expect an upward price movement. 💥 On the other hand, if selling volume enters the market and we see large red candles, more significant corrections are possible, and the price could drop at least to the previous low of $1.212, the 0.5 Fibonacci area. 💫 In case of a deeper correction, the next support areas are the 0.618 Fibonacci level ($1.144), $1.065, and $0.0950. If the RSI breaks below 50, we can expect a confirmation of a downward momentum, making it a risky move to anticipate further price drops without solid triggers. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
11
Trump's coin impact!The recent surge of Trump Coin highlights how sudden market movements can disrupt price patterns and influence trading behavior across the broader cryptocurrency market. The rapid rise of Trump Coin, which soared by over 600%, sparked a wave of euphoria and speculation, drawing attention away from other cryptocurrencies and creating a ripple effect that reshaped market dynamics. The Trump Coin Phenomenon Trump Coin's explosive price increase captivated both traders and investors, significantly shifting market focus. This wasn’t just a temporary spike, but an event with lasting consequences that drained liquidity and trading volume from other coins, concentrating interest on Trump Coin. Impact on Other Cryptocurrencies As Trump Coin gained traction, the wider market began to stagnate, with overall market indicators like TOTAL (representing total market capitalization) and TOTAL2 (excluding Bitcoin) showing little movement. This period of stagnation reflected a lack of fresh capital flowing into other cryptocurrencies, as most traders redirected their focus to the Trump Coin rally. The following consequences were observed: [/b ]Liquidity Drain: As attention turned to Trump Coin, many altcoins saw a significant drop in trading volume, resulting in price stagnation and periodic sell-offs. Market Dump: Investors exiting their positions in other cryptocurrencies to join the Trump Coin rally contributed to temporary market dumps, amplifying the broader consolidation phase. Psychological Shift: The excitement surrounding Trump Coin led to a more cautious "wait-and-see" mentality among traders, reducing overall market volatility as fewer positions were opened. Consolidation Phase In the wake of Trump Coin's rapid rise, other cryptocurrencies entered a consolidation phase, a common occurrence when the market experiences a lull or imbalance. This phase reflects a market seeking stability before the next significant movement, with many investors holding back as they await further developments.
by melikatrader94
12
Alikze »» INJ | Bullish Diamond Pattern - 1D🔍 Technical analysis: Bullish Diamond Pattern on Daily Timeframe, Sideway Price Movement 📣 BINANCE:INJUSDT In the analysis presented in the 12-hour timeframe , it was noted that the INJ currency is moving in an ascending channel. 🟢 After reaching the $25 area, the price corrected, which extended to the green box area, and then in the green box area, with demand, the price advanced to the supply area. 🟢 Currently, in the daily timeframe, the price corrected with a zigzag correction to the Fibonacci 1.618 area after reaching the supply area and the ceiling of the ascending channel. 💎 After that, the price had a sideways movement and has now formed an ascending diamond pattern. 💎 Therefore, we expect the price to continue its growth again in accordance with the movement path to the supply area before the $35 area. 🔔It should also be noted that if the price breaks the Fibonacci 1.618 area, the bullish scenario will be invalid and must be reviewed and updated again. »»»«««»»»«««»»»««« Please support this idea 💡 with a LIKE 👍 and COMMENT 💬 if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email 📧 in the future. Thanks for your continued support.🙏 Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by alikze
BTC, long or short? It could go either wayTriangle pattern on the Daily. Clearer on the 4hr. A bit choppy on the 1hr, 45 and 15min as would be expected. Pretty much respects 0.236 and 0.785, and more recently 0.5 and 0.618 Fib levels. I’m expecting an early morning breakout to the upside at the start of the week with $109k in sight. Chances are, if enough retail think it’s breaking out to the upside, price will probably flush out shorts with a strong wick up then liquidate longs on the way to $97,2k region. On the back of Trump signing crypto related executive orders, it might be assumed bullish news for the of N.Y open, but this is as much psychology as it is TA and FA. Keep your stops tight or sit this one out?
BITSTAMP:BTCUSD
by ZorosonD
$POPCAT: Not Over Yet, $2 Incoming by Q2Low hit rate on this setup, as the largest liquidity pool is sitting below 40 cents, and it's a significant weekly block. I'll be adding a small position around the 50-52 cent range, but I wouldn't be surprised if it dips to the lows at 46 cents before any meaningful reaction. For me, the better bet is a weekly block below 35 cents. I’m placing bids here and will increase my bids if price deviates below the trend line. $POPCAT isn’t dead, but I do agree that it’s currently undergoing a major retrace. BYBIT:POPCATUSDT
Long
by ZelfTrade
SUI at Key Support Zone – Potential Reversal Ahead!COINBASE:SUIUSD is currently trading within a significant support zone. This zone has previously triggered bullish reactions, making it a key area to watch for potential reversals. If the price action shows clear signs of rejection, such as bullish engulfing candles or wicks indicating buying pressure, there is a high probability of a rebound. I anticipate the price could move upward toward the $4.4000 level as the next target.
COINBASE:SUIUSDLong
by DanieIM
4
Trump Coin: Bearish Signals and Double Bottom AheadAs of January 25, 2025, Bitcoin (BTC) is trading at approximately $102,378, exhibiting bearish tendencies. This downturn is influencing altcoins, including Trump Coin (TRUMP), which is currently priced around $27.14. Technical Analysis of Trump Coin (TRUMP): Head and Shoulders Pattern: On higher timeframes, TRUMP has formed a head and shoulders pattern, a classic bearish indicator suggesting potential downward movement in the mid-term. Double Bottom Support Level: The anticipated decline may lead TRUMP to revisit its previous double bottom support around the $5 mark. Short-Term Bullish Spike: Before reaching the $8.80 support level, a brief bullish surge towards $12.544 is expected, possibly offering short-selling opportunities. Supporting News and Market Sentiment: Recent developments have contributed to the bearish outlook: Regulatory Concerns: President Donald Trump's executive order to establish a task force for proposing new cryptocurrency regulations has introduced uncertainty, leading to market declines. Meme Coin Volatility: The launch of TRUMP and MELANIA meme coins saw initial surges followed by significant crashes, highlighting the speculative nature of these assets and raising concerns about their impact on the broader crypto market. Given these factors, traders should exercise caution. Monitoring key support and resistance levels, along with staying informed about regulatory developments, is crucial for making informed decisions regarding TRUMP and the broader cryptocurrency market.
Short
by insidermike
1
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Jan 24, 2025Technical Analysis and Outlook: During this week's trading session, Bitcoin has successfully achieved and completed a significant Inner Coin Rally at the 108000 level. This development indicates a probable pullback to the Mean Support level of 101300, with the potential for further extension to the Mean Support level of 98000 before a resurgence in the bull market may occur. Conversely, should this pullback not transpire, the currency may experience upward movement, retesting the completed Inner Coin Rally at 108000 and challenging the next Outer Coin Rally at 110000 and beyond.
BITSTAMP:BTCUSD
by TradeSelecter
1
Complete analysis and review of Ethereumhello friends We came with Ethereum analysis As you can see, the price reached good support after a drop and was able to grow. Now that the price has compressed and created a triangle for us, we are facing two scenarios: 1_ According to the beginning of the upward trend, succeed in breaking the ceiling and move to the specified goals. 2_ The price should fall from here until the support area is determined and then it starts to climb. In our opinion, scenario 1 is more tolerant. *Trade safely with us*
Long
by TheHunters_Company