BITCOIN UPDATE ON 1/12/2025
1M: In the monthly frame, Bitcoin has given us a confirmation of buying power that has pushed up to the price range of $80k and a candle close growth to $90k; this is a quite good signal during this period when we have strong support level data placed at $80k
W1: Still moving sideways in the inside bar pattern and there hasn't been a confirmation of direction yet, but currently in the weekly frame, I have high expectations that the price will be held in the area from $85k to $83k and will continue to rise
D1: Everyone pay attention to 2 extremely important price areas, the Fibo 0.618 level ($85k4) and Fibo 0.786 level ($83k3); these are the areas where many liquidations are happening on the exchanges
H1: The price may very well retrace to levels like $88-$90k and then we will see the reaction. If the price reacts at these resistances, it is highly likely to continue to decrease
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#BinanceHODLerAT #BTCRebound90kNext?
