Can BTC Bulls Defend 89K and Target New Highs?
2025-01-10
Category: None


Bitcoin's price has previously rebounded from the key support level at  91.5K , signaling strength in the bullish trend. The  TSI  indicator is currently at a very low level, but as long as the  89K support  remains intact, this suggests the bullish momentum could continue. For a stronger confirmation of an upward move, a  break of the previous swing high  near  94.5K  would be crucial, along with a bullish  TSI crossover  and potentially a new  Signal Builder  buy signal.

The  Point of Control (POC)  for this range is at  97.5K , making it a short-term target for bulls. Breaking above this level could pave the way for Bitcoin to challenge its previous all-time highs. However, if Bitcoin fails to hold the  89K support , the trend may reverse to the downside, warranting caution.

 In summary:  Bitcoin is at a critical juncture. A bullish continuation above  94.5K  opens the door to  97.5K , while a break below  89K  could signal the start of a bearish trend. 

👨🏻‍💻💭 Will Bitcoin break above 94.5K and hit 97.5K, or are we heading back to 89K? Share your thoughts below!
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