The BTC rate has returned to a stable uptrend on the daily timeframe. News regarding the closure of the daily candle on January 6.
Thus - the invalidation of the downtrend that had been ongoing since December 30 did not achieve any of the targets. The same thing happened in early September. But then the stable downtrend of the #BTC price lasted 11 days, this time only 6 days. This time the sellers had even less strength.
Breakdowns of stable trends for BTC on the daily timeframe without even reaching the nearest targets are rare. But on December 31, we pointed out specific conditions for this. Which were fulfilled. We expected that the correction would not be deep and long.
As a result, growth has begun again. The movement of BTC now is still a bull run with periodic slight corrections. Basic targets for growth:
- 103 905$
- 107 483$
- 111 061$
On the 12-hour timeframe, where there is also a stable uptrend, two out of three basic targets have already been achieved. The third one remains - 104 795$.
The previous stable uptrend #BTC on the daily timeframe, let us remind you, went far beyond the basic targets - from 61 759$ on September 18 to 108 353$ on December 17.
The Potential break level now - 94 960$. Quite far, the impulsive growth is affecting. Locally, we should now expect a pullback (signals of a high on the 4-hour timeframe).
But it is still too early to talk about a decrease to 94 960$.
The picture locally by volume levels: the price has clearly tested the volume level of 102 757$.
The established high - 102 724$. As long as the price holds above 101 376$, there is no point in talking about a correction until January 8-10. In the case of a correction and a break of 101 376$, the most important nearest support should be the volume and mirror level of 99 481$. Further - the range of 97 553-98 433$.
In the medium term - let us remind you that in the same review on December 31, we wrote about the fractal of autumn 2023-winter 2024. And the conditions for its execution. The conditions were met, and the growth began. Now we have superimposed the fractal on the chart again, slightly correcting it considering the trends. We do not expect a one-to-one execution, but it should not be discarded. At least - the trend is in the direction we are predicting for winter-spring 2025. And the growth target in the range of 160,000-180,000$ is close to our expectations for this period.
