$BTC Quick Overview for Early 2025 👀
I like how BTC started the new year—it’s confidently moving up. Whether this is just a bounce to a certain level or the start of new records, time will tell. Here’s the current situation:
- Current Price: $98,794
- 24-Hour Price Change: Up by 1.45%
- Short-Term Analysis: There’s clear upward movement, but I think small fluctuations within the $95-99 range will continue for a few more days.
- Mid-Term: In the coming days, a trend will form. Indicators suggest it might be an upward trend.
- Long-Term: There’s still a visible downward trend in the long term, but a correction after the recent growth hasn’t happened yet. So stay cautious.
Right now, BTC is approaching the critical overbought level, which could lead to a price reversal.
I’m happy to see BTC growing, but I’m holding off on making final conclusions for now. Always DYOR!
