Bitcoin (BTC/USDT) Price Analysis – Brokerir Exclusive Report
2025-01-27
Category: None

Bitcoin (BTC/USDT) is currently trading at $104,974.7, showing a slight increase of +0.24% in the perpetual futures market. Based on our technical analysis at Brokerir, we anticipate an initial bullish movement toward key resistance levels before a potential retracement.
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Key Resistance and Support Levels
	•	Resistance  Levels:
	•	$108,228.8 – First major resistance, a breakout here could push BTC higher.
	•	$118,228.2 – Secondary resistance, significant selling pressure is expected.
	•	$128,157.7 – Final resistance target before a correction.
	•	Support Levels:
	•	$104,974.7 (Current Price Zone) – Short-term support level.
	•	$108,228.8 – A potential bounce zone after correction.
	•	$100,000 Psychological Level – Strong long-term support.

Technical Analysis
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1. Price Action & Market Structure

The chart indicates a parabolic price rise since breaking the $70,000 resistance. The trend remains strongly bullish, supported by a steady increase in volume. The market structure suggests higher highs and higher lows, confirming the uptrend.

However, based on Elliott Wave Theory, BTC appears to be forming the final wave 5 of an impulse move, indicating that a retracement is likely after reaching key resistance zones.

2. Fibonacci Analysis

Using Fibonacci extensions:
	•	1.618 Level aligns with $128,157.7, marking a likely top for this move.
	•	1.0 Level at $118,228.2, where BTC may face its first significant pullback.

3. RSI & Momentum Indicators
	•	Relative Strength Index (RSI): BTC is approaching the overbought zone (~75+), indicating a potential reversal.
	•	MACD (Moving Average Convergence Divergence): Still bullish, but showing signs of slowing momentum.

4. Volume Analysis
	•	The buying volume remains strong, but a decrease in momentum could signal profit-taking.
	•	If BTC reaches $118,000 - $128,000 with low volume, it increases the likelihood of a retracement.

Prediction: What’s Next for BTC?
	1.	Short-Term (Next Few Days - Weeks)
	•	BTC will likely test $108,228.8, which is a strong resistance level.
	•	A breakout above $108,228.8 could push BTC toward $118,228.2 and eventually $128,157.7.
	2.	Medium-Term (After Hitting $128K)
	•	If BTC reaches $128,000, expect a correction to $108,000 - $110,000.
	•	This would be a healthy retracement (~15-20%), bringing BTC back to a strong demand zone.
	3.	Long-Term (2025 Outlook)
	•	If BTC successfully holds $108,000, a new leg higher toward $140,000 - $150,000 could be expected.

Trading Strategy & Risk Management

📌 Long (Buy) Strategy:
	•	Entry: $104,000 - $108,000
	•	Take Profit: $118,000 - $128,000
	•	Stop Loss: Below $100,000

📌 Short (Sell) Strategy (After $128K Peak):
	•	Entry: $125,000 - $128,000
	•	Take Profit: $110,000 - $108,000
	•	Stop Loss: Above $130,000

Final Thoughts

📊 Brokerir’s Analysis Team believes BTC will first rise toward the $118K-$128K range before facing a correction. The next major move depends on volume, macroeconomic factors, and institutional demand. Traders should watch resistance levels closely and be prepared for a pullback.

🚀 Bullish Scenario: If BTC holds above $108,000 after retracement, expect a push toward $140K+ in 2025.
📉 Bearish Scenario: If BTC fails to hold $100K, a deeper correction to $90,000 - $95,000 is possible.

📢 Stay tuned for more updates on Brokerir.com!