Bitcoin Outlook Q1 2025
2025-01-01
Category: None

BTC/USDT Weekly Outlook
Based on this chart, Bitcoin is showing a strong uptrend on the weekly chart, currently navigating key levels that could determine its secondary trend before continue the next rally!.
Here's my technical analysis using trend based fibonacci.

KEY LEVELS TO WATCH

Support Levels :
1. $94,800 (0.786 Fib). BTC is sitting near this level, which is acting as a short term support zone. Holding above this level keeps the bullish momentum alive.
2. $85,000 (0.618 Fib). This is a more significant support level. A drop to this level would still align with a healthy correction within the broader uptrend.

Resistance Levels :
1. $107,000 - 108,000 (1 Fib). The next major resistance BTC needs to break for a continuation of the rally.
2. $120,000+ (1.272 Fib). This is the first target for a breakout beyond the major resistance, I think this is the base target for Bitcoin on this cycle and might as well the top on this cycle.

Indicators :
1.Exponential Moving Averages 21&34 showing below the current price on weekly chart indicating a very bullish trend, we could see potential buy when Bitcoin reaching near above the EMA.
2. Stochastic, shows the Bitcoin is overbought, signaling a potential slowdown or minor pullback in the short term. However, in strong uptrends, overbought conditions can persist for weeks, so this isn't necessarily bearish.
3. Volume, the trading volume has been steadily increasing, which supports the ongoing uptrend. Watch for higher volume during breakouts to confirm the move.


Scenarios to Consider :
1. Bullish Continuation
If BTC holds above $94,800 and breaks past $107,000, the next target would be $120,000+ (1.272 Fib). This scenario aligns with the current trend and market strength.
2. Healthy Pullback
A dip to $85,000 (0.618 Fib) would still be considered a natural retracement in the bigger picture. Look for buyers to step in at this level to keep the rally alive.
3. Bearish Reversal
If BTC loses the $85,000 support and the moving averages start flattening or turning downward, it could signal a deeper correction or a potential trend reversal, keep an eye for reversal chart pattern and any signs of reversal.

Overall, Bitcoin's bullish structure is intact, with the price consolidating near a critical Fibonacci level. While short term corrections are possible, the bigger picture points toward further upside if key supports hold. A breakout above $107,000 opens the door for a push toward $120,000+, but traders should keep an eye on the $94,000 and $85,000 levels for signs of weakness.