Bitcoin (BTC) Price Analysis :Time For Bitcoin Long
2025-01-05
Category: None

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.