BTC Bulls Defending the 100k Frontline
2025-01-18
Category: None

Technical Indicators: 

Predictive Channel, Multi-timeframe Money Flow Index, and Institutional Supply & Demand Zones.

Analysis:

Money Flow remains bearish with the Bulls setting up multiple demand (support) zones to defend the newly recaptured 100k Frontline. Technical ratings across multiple moving averages and oscillators remain bullish. So the odds are against the Bears. 

The Bulls will try to regain control of the Money Flow. Once that happens and a new (continuation) trend channel forms, it'll present an opportunity to long BTC. I expect that to happen within the next 24 hours.

But if the Bears sustain control of Money Flow and manage to clear the demand zones around 102.3k, then we might expect a correction that may, once again, push the price below 100k. The appearance of a new bearish channel will thus confirm a short entry opportunity.

