BTC: LAST DAY OF THE MONTH AND YEAR
2025-01-01
Category: None

Bullish Scenario: 
If 90K holds as a major monthly support, we may not see a retest of that level. In this case, the price is likely to climb toward 107K, breaking the 2024 all-time high (ATH).

 Bearish Scenario: 
If 90K fails as major monthly support, it could lead to a significant drop. Potential targets include 87K, 80K, 75K, and even 70K.

 Market Sentiment: 
The battle between bulls and bears is intense. Many bulls have turned bearish after selling, contributing to downward pressure. Bears are aiming for a red year in 2025 to capitalize on the downside.

 My Analysis: 
Since BTC's monthly candle maintained the upper half of the November mother candle, it signals that bears lack the strength to take control. Bulls still dominate the upper half of the range, which reinforces my view that the 90K support level is unlikely to break bearish.

Altcoins have faced significant challenges this year, experiencing substantial losses. However, I firmly believe that 2025 will be the year of altcoins, with many expected to embark on strong, sustained rallies that will see impressive follow-through.