Bitcoin (BTC): Rise up to $135,000 or drop to $80,000-$90,000
2025-01-06
Category: None

The current market situation is uncertain. The market often moves contrary to public sentiment. Currently, most expect a correction. ETF inflow/outflow data indicates significant outflows from December 19, 2024, to January 2, 2025, which is evident in the BTC chart. On January 3, 2025, there was an inflow of $905M.

In a bearish scenario, panic could dominate the market, making it difficult for BTC whales to sustain distribution above $100,000. However, if a bullish scenario unfolds, the $91,000–$108,000 zone could act as a strong support level after a price increase to $135,000 or the 161.8% Fibonacci level. This bullish scenario would become even more significant if the growth aligns with major international events at the end of January, February, or March. 👀

 1. Bullish Scenario: 
The price breaks through the current resistance levels, targeting up to $136,000 or the 161.8% Fibonacci level.

 2. Bearish Scenario: 
A correction to the $80,000–$90,000 range or the 38.2-61.8% Fibonacci levels, with a potential test of the $88,000 support level aligned with the 800 EMA.
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I maintain a personal trading journal. I don't possess extrasensory abilities or insider information.

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