BTCUSDT - 17th January
2025-01-17
Category: None

📉 BTC/USDT at a Crossroads – Bullish and Bearish Scenarios 📈

Bitcoin is currently navigating a critical decision point, as uncertainty looms over the completion of Wave 4. Here’s a breakdown of the potential outcomes:

 🔑 Bullish Path: 

If Wave 4 is complete, BTC is poised for a breakout above the $103K resistance level.
Target Zones for Wave 5:
🎯 Target 1: $121K
🎯 Target 2: $129K
A confirmed breakout above $103K would signal the start of a rally toward a new all-time high.

 🔻 Bearish Path: 

If Wave 4 remains incomplete, BTC might still be forming a triangle or bull flag, which suggests another leg downward.
 Possible Downside Levels: 
📌  FWB:88K  to $86K
This would likely mark the final accumulation phase before BTC resumes its climb toward the all-time high.
 🎯 Current Outlook: 

 The $103K level is the key to determining Bitcoin’s next move: 
 
 A breakout confirms the bullish scenario.
 A rejection signals potential downside.
 

 📊 Conclusion: 
Bitcoin’s path hinges on resolving Wave 4. Until confirmation emerges, traders should exercise caution and prepare for both bullish and bearish scenarios when planning trades or investments.

Disclaimer:
⚠️ This is not financial advice! Always conduct your own research and trade responsibly.