Dollar Index going on plan for a reversal, seems like a big | Crypt0nite on Binance Square

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Dollar Index going on plan for a reversal, seems like a big dip is coming 

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--- Coincidence? Maybe. As it stands, $BTC is currently trading three channels lower than its previous ATH of $73.5k on March 12th. Interestingly, $125k currently aligns with the exact channel Bitcoin was in 10 months ago, before making a major correction to the first channel of 56k which currently aligns with $80k, placing $103k at the midpoint. - From here, two scenarios could unfold: • Uptrend: Confirmed by a breakout above $102k by January 12th, coupled with a high-volume candlestick and new Fibonacci levels. • Downtrend: A failure to break resistance signals further correction. Key levels include $92k, which has been acting as major support, and $100k as a critical resistance point. As of January 2025, the cryptocurrency market is exhibiting bullish behavior, with several major cryptocurrencies experiencing notable gains. This upward trend is largely attributed to recent developments, including the approval of Bitcoin exchange-traded funds (ETFs) by U.S. regulators and a supportive stance from the incoming U.S. administration. President-elect Donald Trump has expressed intentions to establish the U.S. as "the crypto capital of the planet," signaling a favorable regulatory environment for digital assets. These factors have contributed to increased institutional investment and optimism in the crypto market, suggesting a continuation of the bullish trend in the near future. It's also crucial to remain cautious considering the monthly candlestick closing with an evening star candlestick, which is historically a bearish indicator for Bitcoin. However, with Donald Trump's promises and Elon Musk's ambitions in the mix, the possibilities remain wide open. This is not financial advice—just a predictive analysis. -DYOR #CryptoReboundStrategy #BitcoinHashRateSurge #BitcoinTurns16 #BTC

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$BTC correction to 63.9-64k seems imminent before any next moves, 65.6k support is weak atm with volume dropping and high selling pressure earlier

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What a Rollercoaster #FakePump

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Dollar Index Analysis and possible scenarios

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Correction is not over yet ⚠️ as $BTC loses position and proving to be a fakeout, its losing volume and support it still has a chance to consiledate above 62k, if that doesn't happen, a further drop is expected according to Ichimoku Cloud a correction to 60k is expected on 1h-4h Frame, while on Day frame it might drop further to 56k, either for a double bottom reversal or the downtrend continues to its target of 52k while according to the bearish wedge (supposing it was a false breakout), correction should be around 59k before retest the market seems bearish today, $BTC on selling and high selling on most indicators im surprised there wasnt a big jump on BTC with Dollar Index dropping for a correction, which indicates either a rebound for Dollar Index is expected, or the prices are being manipulated the downtrend might still be on afterall #BTC #altcoins

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