Bitcoin’s Next Big Move: Road to $118K?
2025-01-31
Category: None

Hey Realistic Traders, Is  BINANCE:BTCUSDT   Bullish Outlook Over Yet?

Let’s dive into the analysis...

For nearly a month, BTC/USDT remained in a consolidation phase. However, on January 17, 2025, it successfully broke through resistance, signaling the beginning of a bullish phase.

Since then, the price has consistently traded above the EMA 200, reinforcing a strong uptrend.

On the H4 timeframe, a Falling Wedge Breakout has been confirmed, accompanied by a bullish MACD crossover, further supporting the likelihood of continued upward momentum.

 Based on these technical factors, the price is projected to rise toward Target at 118,000, as long as it stays above the critical stop-loss level of Stop Loss 97,777. 

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 Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Bitcoin."