Daily Market Review and Analysis for BTC: January 2, 2025
2025-01-02
Category: None

#BTC (1h)

The cryptocurrency market capitalization rose by 2.74% over the last 24 hours, BTC dominance fell by 0.6%.

#Bitcoin continues its local uptrend, which is especially clearly visible on lower timeframes (up to 15 minutes). In particular, the price of the first cryptocurrency continues to periodically rebound from trend liquidity, which indicates that the liquidity pool will soon reach the level of $97,544 and then roll back to the area of ​​$96,200.

This scenario will be relevant if the price consolidates with the body of the hourly candle below $95,924. But as mentioned above, now the most realistic scenario is to take the liquidity price at $97,544.

As for the global scenario, BTC is in a bullish cycle and the primary target in the medium term is the buyers' liquidity level (BSL) at $99,963, where the price is likely to fall for the sellers' liquidity (SSL) withdrawals at $90,500 and $88,722.