January 3 is the 16th anniversary of the birth of the Bitcoin Genesis Block.

Bitcoin returned to above $97,000, breaking through $96,000, with a 24-hour increase of 2.46%. At the end of New York trading, the main contract of CME Bitcoin futures BTC was quoted at $98,030.00, up 4.15% from the end of the previous trading day in New York, and traded in the range of $94,310.00-98,735.00 during the day.

In pre-market trading of US stocks, cryptocurrency concept stocks rose. MicroStrategy rose more than 6%, MARA Holdings rose more than 5%, and Canaan Technology rose 4.88%.

HC Wainwright predicts: Bitcoin prices are expected to soar in 2025, and are expected to reach $225,000. By the end of 2025, the total market value of Bitcoin will reach $4.5 trillion, accounting for about 25% of the total market value of gold. However, the market may be volatile, and a 20%-30% retracement is common during the bull market.

Technical level: EMA (7) is $96,245.72, and EMA (25) is $95,096.19, which is in a bullish arrangement, that is, the short-term moving average is above the long-term moving average. This is usually a signal of an upward short-term trend, indicating that the recent buying power is strong, pushing prices up, and the price fluctuates near EMA (7), indicating that the short-term trend is supported by this moving average, and bulls have a certain advantage in the short term. The RSI value is 72.21, which is above 70 and is in the overbought area, which means that the market may face a correction or consolidation. Although the bulls have the upper hand, we need to be wary of the risk of reversal. The price may adjust downward in the short term to release the overbought pressure.

1.3

Bitcoin: 95,300-95,800, target 96,800-98,000, end at 94,800

Ethereum: 3385-3415, target 3470-3520, end at 3345