$BTC Bounce Back Again $100K Price, New Long Setup see on chart
2025-02-04
Category: None

BINANCE:BTCUSDT  Bounce Back Again $100K Price, New Long Setup see on chart...

News: Bitcoin Leads US Equity Markets Amid Macro Developments, Yet Stays Resilient: Report

Bitcoin (BTC) is becoming increasingly sensitive to macroeconomic factors. In fact, the digital asset is leading equity markets in the United States in response to President Donald Trump’s latest economic and policy changes.

Over the last four days, President Trump’s announcements havetriggeredincreased uncertainty in global markets, leading to a decline in bitcoin’s price. Bitcoin fell below $100,000 and even touched an intraday low of $91,657 on Monday.

Since bitcoin rallied during President Trump’s inauguration, the cryptocurrency has continued to show a downward trend. BTC formed the double top structure at the $108,000 level and has been trading in a 15% range since mid-November.

Bitfinex analysts said such 15-20% ranges often resolve in either an upward or downward direction within 80-90 days. This means BTC will experience a decisive price move in the coming weeks, still under the influence of macroeconomic developments.

As the financial markets process the implications of the tariff hikes, Bitfinex believes BTCfacesfurther downside unless legacy assets recover. Even if legacy markets do not see significant recovery, analysts are confident in bitcoin’s long-term trajectory, which they have described as compelling.

“In conclusion, while Bitcoinʼs short-term volatility may continue in response to macroeconomic influences, its long-term outlook remains positive,” Bitfinex analysts added.

 BINANCE:BTCUSDT  LONG SETUP HERE

Entry Price: $96,651.98
Stoploss Zone: $91,206.57
Leverage: 11x use 11% of your margin balance. 

This Long Setup 4 Target Price Level here
1 Take Profit: $100,443.31
2 Take Profit: $103,772.29
3 Take Profit: $107,087.34
4 Take Profit: $111,059.81

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