Analysis $BTC 04/01/2025
#BTC, following the plan perfectly, we are seeing a price pullback to the $97,500 region, which is normal even because it is the weekend and it is clearly an attempt to form support in this region, which is exactly what we need to continue rising during the next week.
It is very likely that in the next 4 hours we will start to improve here and we will work above $98K, thus establishing support in this region and leaving room for tomorrow we can work between $98K/$100K.
I am particularly interested in the price of BTC above the blue band on the chart because I think that is where its Dominance will lose strength and continue to fall, and with the price of Bitcoin in that $98K region it will help#altcoinsto continue their upward trends more easily.
It is the weekend so we don't need much data here, just look at the price closing today.
Things are looking good here, the RSI still gives us some room to continue and the 50 EMA (4h) is rising to support the price in this current region. Also in this sense we are seeing the big SELL ORDERS COMING OUT OF $100k which was already expected, it doesn't make much sense for them to stay there and I mentioned this last week, and soon the other orders should follow suit!
We are doing well, so enjoy the weekend and relax a little, enjoy the family!
#BinanceAlphaAlert #BitcoinInSwissReserves #USStateBuysBTC #XRPBackInTop3 #BIOOpenonBinance