Will Bitcoin Break the Heavy Support Zone!?
2025-01-01
Category: None

  Happy New Year 2025 ! May this year bring you  health ,  happiness , and  financial success 🎉. 

Let's make it a year of  growth and prosperity together ! 

First, let's take a look at the reasons for  Bitcoin's decline these days :

 1 - Profit-Taking :  Long-term investors  are selling after 2024's gains.

 2 - Federal Reserve Policy : Slower rate cuts in  2025 have dampened optimism .

 3 - Macroeconomic Concerns :  Inflation risks and high-interest  rates affect sentiment.

 4 - Institutional Activity :  Reduced MicroStrategy purchases  and  Bitcoin ETF outflows  show declining institutional interest.
 
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Now, let's take a look at the  Bitcoin ( BINANCE:BTCUSDT ) chart from the point of view of  Technical Analysis :

 Bitcoin  is currently moving in a  Heavy Support zone($95,000-$90,870)  and is trying to break this zone. Also, the most  important Resistance for Bitcoin , in my opinion, right now is the  50_SMA(Daily)  and  in the next step $98,100 .

In addition,  with the closing of the monthly candle , we can also see the  Shooting Star Candlestick Reversal Pattern .

 After breaking the Uptrend lines , I expect  Bitcoin  to  fall  at least to the  width of the Ascending Channel(broken)  and  Potential Reversal Zone(PRZ) .

 Cumulative Short Liquidation Leverage :  $97,686-$96,380 

 Cumulative Long Liquidation Leverage :  $91,446-$90,000 

 ⚠️Note: If Bitcoin breaks the Resistance lines and Resistance zone($96,620-$95,500), we can hope for a further increase in Bitcoin.⚠️
 

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Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.

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