Following an extended expanding consolidation from Dec 2024 – Jan 2025, bearish pressure intensified after a downside breakout, increasing the probability of a double-top formation at 108,360 – 109,350. This raises concerns about a potential drop towards the previous major support-turned-resistance zone at 72,000 – 74,000.
🔹 Momentum Check: The RSI has hit oversold levels last seen in Aug 2024, when BTCUSD found a bottom before rallying past 100K.
🔸 Bullish Scenario: If BTCUSD holds above 82,000, upside targets include 86,500, 93,000, and potentially a retest of 109,000.
🔻 Bearish Scenario: A close below 82,000 could accelerate declines toward 79,500 & 72,000, aligning with the 50% & 61.8% Fibonacci retracement of the Aug 2024 – Jan 2025 uptrend.
- Razan Hilal, CMT
🔹 Momentum Check: The RSI has hit oversold levels last seen in Aug 2024, when BTCUSD found a bottom before rallying past 100K.
🔸 Bullish Scenario: If BTCUSD holds above 82,000, upside targets include 86,500, 93,000, and potentially a retest of 109,000.
🔻 Bearish Scenario: A close below 82,000 could accelerate declines toward 79,500 & 72,000, aligning with the 50% & 61.8% Fibonacci retracement of the Aug 2024 – Jan 2025 uptrend.
- Razan Hilal, CMT
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.