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Bitcoin Update: current price is 97 thousand.
First target — 93 thousand ✅
Second target — 97 thousand ✅
The trend remains upward and is not showing signs of weakness yet. However, there is resistance in the zone between 97 and 100 thousand, from which a correction is possible. This may lead to a decline to the support zone with a retest of 92 thousand, maximum — down to 89 thousand. This is important for continuing the growth.
During a correction, it is crucial to hold the level of 89 thousand and prevent a weekly close below this mark to avoid changing the upward trend.
Scenario for canceling the correction: breaking upward and closing three days above 105 thousand. Then the target is a new peak value around 113 thousand.
First target — 93 thousand ✅
Second target — 97 thousand ✅
The trend remains upward and is not showing signs of weakness yet. However, there is resistance in the zone between 97 and 100 thousand, from which a correction is possible. This may lead to a decline to the support zone with a retest of 92 thousand, maximum — down to 89 thousand. This is important for continuing the growth.
During a correction, it is crucial to hold the level of 89 thousand and prevent a weekly close below this mark to avoid changing the upward trend.
Scenario for canceling the correction: breaking upward and closing three days above 105 thousand. Then the target is a new peak value around 113 thousand.
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The total market capitalization currently stands at 2.9 trillion dollars.
The current target is 3.45 trillion, which will mark the beginning of parabolic growth and a positive phase. It is very important: a weekly close at 3.45 trillion will confirm this scenario.
The ultimate goal is to update the peak at 4 trillion. In this range, it is advisable to exercise caution, take profits, or completely exit positions.
The point at which the analysis loses strength is a weekly close below 2.13 trillion.
The current target is 3.45 trillion, which will mark the beginning of parabolic growth and a positive phase. It is very important: a weekly close at 3.45 trillion will confirm this scenario.
The ultimate goal is to update the peak at 4 trillion. In this range, it is advisable to exercise caution, take profits, or completely exit positions.
The point at which the analysis loses strength is a weekly close below 2.13 trillion.
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Bitcoin is currently at the level of $94,300. Note that it has reached resistance at the angle of 180 at a price of $93,816. This is considered strong digital resistance, and we may see a pullback from this zone as this is the first testing of the level after the correction from the peak. It is important to keep an eye on the movement now. Any decline is targeting the level of $89,962 — this level must be maintained as support. Bitcoin has already closed above it for two consecutive days, and to complete the downtrend, it needs to close above $89,962 for one more day.
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Economic incentives for the next wave of growth:
1. Reduction of the Fed's QT program – decrease in bond sales and liquidity withdrawal from $25 billion to $5 billion per month.
2. Decrease in global tensions – achieving a certain level of stability and cessation of hostilities between Russia and Ukraine, as well as in Gaza.
3. Liquidity of gold – approaching historical highs for gold amid easing military conflicts, which could lead to a partial outflow of capital from gold and a shift to financial markets.
4. Decline in oil prices → decrease in inflation.
5. Increase in demand for copper → increase in production volumes → growth in company profits → rise in their stock prices.
6. Fed's decision to lower interest rates – two rate cuts in 2025, each by 25 basis points.
7. Quantitative easing in China – economic incentives to support the economy, assist businesses, and restore industrial capacities.
1. Reduction of the Fed's QT program – decrease in bond sales and liquidity withdrawal from $25 billion to $5 billion per month.
2. Decrease in global tensions – achieving a certain level of stability and cessation of hostilities between Russia and Ukraine, as well as in Gaza.
3. Liquidity of gold – approaching historical highs for gold amid easing military conflicts, which could lead to a partial outflow of capital from gold and a shift to financial markets.
4. Decline in oil prices → decrease in inflation.
5. Increase in demand for copper → increase in production volumes → growth in company profits → rise in their stock prices.
6. Fed's decision to lower interest rates – two rate cuts in 2025, each by 25 basis points.
7. Quantitative easing in China – economic incentives to support the economy, assist businesses, and restore industrial capacities.
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Bitcoin is currently at $91,000, up 17%. The bounce occurred from a zone that was defined in advance, without retracements, from $79,000.
Bounce targets:
✅ First target — 85,000$ (achieved)
✅ Second target — 89,000$ (achieved)
✅ Achievement of 89,000$ on Sunday (achieved)
✅ Time and price matched
But it’s too early to celebrate, we are waiting for confirmation.
Now the daily close is important:
Closing above 89,773$ — a signal for the end of the correction.
Closing below 89,773$ — a reason for caution.
Stop-loss: breakout downwards at $80,000. If this level does not hold, the next target for decline is $71,000.
Bounce targets:
✅ First target — 85,000$ (achieved)
✅ Second target — 89,000$ (achieved)
✅ Achievement of 89,000$ on Sunday (achieved)
✅ Time and price matched
But it’s too early to celebrate, we are waiting for confirmation.
Now the daily close is important:
Closing above 89,773$ — a signal for the end of the correction.
Closing below 89,773$ — a reason for caution.
Stop-loss: breakout downwards at $80,000. If this level does not hold, the next target for decline is $71,000.
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Bitcoin is currently at 89,000, and as we expected yesterday (read previous posts), a bounce has occurred.
89,773,685,913,139,976 – this is now an important level. If Bitcoin cannot break through and close above 89,773 $ with a daily candle, it will continue its downward cycle on the daily timeframe to 71,000 $.
The start of a positive scenario is a daily close above 89,773 $, after which we will reassess the market and targets.
A confirmed daily close above the 180-degree angle at 89,773,685,913,139,976 – this is a signal for the end of the correction.
89,773,685,913,139,976 – this is now an important level. If Bitcoin cannot break through and close above 89,773 $ with a daily candle, it will continue its downward cycle on the daily timeframe to 71,000 $.
The start of a positive scenario is a daily close above 89,773 $, after which we will reassess the market and targets.
A confirmed daily close above the 180-degree angle at 89,773,685,913,139,976 – this is a signal for the end of the correction.
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Bitcoin has currently corrected by 28% from its last peak. This is a normal and recurring phenomenon in every cycle after the halving.
Typically, 35 weeks after the halving, Bitcoin corrects by 30% — as seen in the 2016 and 2020 cycles. In the current cycle, the correction also repeated, although it was initially supposed to begin in December.
I warned about this earlier in December. Overall, it actually started on time, but took longer to reach the target of 30% due to high market capitalization.
A correction within 30% is a natural part of the cycle.
Typically, 35 weeks after the halving, Bitcoin corrects by 30% — as seen in the 2016 and 2020 cycles. In the current cycle, the correction also repeated, although it was initially supposed to begin in December.
I warned about this earlier in December. Overall, it actually started on time, but took longer to reach the target of 30% due to high market capitalization.
A correction within 30% is a natural part of the cycle.
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Bitcoin is currently at $85,000, bouncing back by 9%, having reached the first retracement zone defined yesterday. A breakout above $85,000$ and a daily close above this mark will open the target at $89,773, which is a strong resistance level at the major angle of 180.
I expect a retest of the level at $89,000$ on Saturday-Sunday. Upon reaching $89,773$ , a reaction is possible.
The start of a positive scenario is a breakout and daily close above $89,773.
ST: A breakout below $80,000$ without a firm hold may lead to a correction down to $71,000.
This is a daily update for traders, but overall the trend is bullish and the cycle remains upward.
I expect a retest of the level at $89,000$ on Saturday-Sunday. Upon reaching $89,773$ , a reaction is possible.
The start of a positive scenario is a breakout and daily close above $89,773.
ST: A breakout below $80,000$ without a firm hold may lead to a correction down to $71,000.
This is a daily update for traders, but overall the trend is bullish and the cycle remains upward.
See original
Bitcoin is currently at the level of 79,000$ on the daily timeframe and has reached a key zone that acts as support. From here, a speculative rebound is possible with a subsequent retest of resistance in the range of $85,000.
If the rise continues, the next important target is $89,773. This is a key level: if Bitcoin cannot break through it and close a daily candle above $89,773, the downward trend on the daily timeframe will continue with a target of $71,000.
The first sign of a positive scenario is a daily close above $89,773, after which the market can be reassessed and new targets defined.
****And still, it is important to understand that this information is not financial advice. It should not be used to open futures positions or shorts. Everyone should analyze the market independently and consider the risks.
If the rise continues, the next important target is $89,773. This is a key level: if Bitcoin cannot break through it and close a daily candle above $89,773, the downward trend on the daily timeframe will continue with a target of $71,000.
The first sign of a positive scenario is a daily close above $89,773, after which the market can be reassessed and new targets defined.
****And still, it is important to understand that this information is not financial advice. It should not be used to open futures positions or shorts. Everyone should analyze the market independently and consider the risks.
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Bitcoin is currently at 84,000, and this is the zone for a possible rebound to 91,000. It is important that the weekly close is not below 85,000.
The beginning of a confident growth is a three-day close above 98,000.$BTC
The beginning of a confident growth is a three-day close above 98,000.$BTC
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I asked Chatgpt...
If I were the Devil and wanted to stop someone from succeeding in cryptocurrencies, I would use strategies that are appropriate for this volatile and risky space. Here's what I would do:
---
1. Encouraging greed and impulsiveness
- Would make him buy cryptocurrency because of "secret tips" or rumors without research (FOMO - fear of missing out).
---
1. Encouraging greed and impulsiveness
- Would make him buy cryptocurrency because of "secret tips" or rumors without research (FOMO - fear of missing out).
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DXY (dollar index) is currently at 106 and is in a downtrend. We expect a breakout below 106, and then the "party" will begin.
The American market showed a great rebound: S&P500 is now at $6114.
Gold has reached historical highs, now at $2882.
$BTC is now at 97 thousand. Sooner or later it will catch up with them (gold and S&P500). The main thing is to hold support at 92 thousand and move to the first target at 113 thousand.
It is important to overcome the nearest resistance at 102 thousand and close the day above 105 thousand to confirm the end of the correction. The first target is 113 thousand, but it is too early to celebrate.
The American market showed a great rebound: S&P500 is now at $6114.
Gold has reached historical highs, now at $2882.
$BTC is now at 97 thousand. Sooner or later it will catch up with them (gold and S&P500). The main thing is to hold support at 92 thousand and move to the first target at 113 thousand.
It is important to overcome the nearest resistance at 102 thousand and close the day above 105 thousand to confirm the end of the correction. The first target is 113 thousand, but it is too early to celebrate.
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Has the correction ended???
We need a daily close above $105,299 to confirm the end of the correction and validate the target at $113,000.
Today, gold has set a new historical high of $2,868.
In this cycle, Bitcoin has still been following the behavior of gold.
Previously, gold reached a historical high of $2,699, while Bitcoin was then at $74,000; afterward, Bitcoin set its historical high at $108,000.
After that, gold corrected in the same pattern that Bitcoin is currently showing. Now, gold has updated its historical high. If Bitcoin continues to follow the same movement, its target is $113,000 - $120,000.
However, to maintain the upward trend, it is important for Bitcoin to hold the support level of $84,000 on the weekly timeframe.
We need a daily close above $105,299 to confirm the end of the correction and validate the target at $113,000.
Today, gold has set a new historical high of $2,868.
In this cycle, Bitcoin has still been following the behavior of gold.
Previously, gold reached a historical high of $2,699, while Bitcoin was then at $74,000; afterward, Bitcoin set its historical high at $108,000.
After that, gold corrected in the same pattern that Bitcoin is currently showing. Now, gold has updated its historical high. If Bitcoin continues to follow the same movement, its target is $113,000 - $120,000.
However, to maintain the upward trend, it is important for Bitcoin to hold the support level of $84,000 on the weekly timeframe.
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I read a lot of small news yesterday that turned out to be untrue after the cryptocurrency meeting hosted by David Sachs. I want to clarify a few things. They said they were considering using Bitcoin as a reserve, but that was just empty talk. What they were essentially discussing was the need to regulate stablecoins, and the reason is clear: to make the dollar accessible to everyone on the planet. If this regulation is implemented, the dollar will become even more dominant than other currencies, allowing the US to pay off its huge debt more efficiently. In the end, there was nothing positive about Bitcoin or altcoins.
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Sell or not? I don't like answering questions like this, but let's assume that this is a bear market, although I don't think so (refer back to my posts to understand why). Even if it is a bear market, there should be a rebound from current prices. So selling now is the worst decision.
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I will logically prove to you that what is happening now is indeed a correction, not a bear market or a downward trend.
First of all, it is important to understand that microeconomics follows macroeconomics.
Ask yourself this question:
When do markets enter a bear market, does the economy follow and fall into recession?
Or does the economy enter a recession first, and then the markets react to it?
Answer: the economy determines the direction of the markets, not the other way around.
All current data points to an improving economy, decreasing inflation, and we have no signs of recession, slowdown, or decline.
In 2022, there was a bear market due to inflation, although money printing started back in 2020.
The recession due to COVID occurred in 2019, and the markets corrected in March 2020.
The recession began in 2007, followed by a market crash.
That’s why I say that what is happening now is a correction. It is important to keep an eye on the actions of the Fed, which in its last meeting stated the strength of the economy — and that is true.
I begin to show caution and concern only in case of signs of slowdown and recession in the economy.
Stay strong 👍 🤝
First of all, it is important to understand that microeconomics follows macroeconomics.
Ask yourself this question:
When do markets enter a bear market, does the economy follow and fall into recession?
Or does the economy enter a recession first, and then the markets react to it?
Answer: the economy determines the direction of the markets, not the other way around.
All current data points to an improving economy, decreasing inflation, and we have no signs of recession, slowdown, or decline.
In 2022, there was a bear market due to inflation, although money printing started back in 2020.
The recession due to COVID occurred in 2019, and the markets corrected in March 2020.
The recession began in 2007, followed by a market crash.
That’s why I say that what is happening now is a correction. It is important to keep an eye on the actions of the Fed, which in its last meeting stated the strength of the economy — and that is true.
I begin to show caution and concern only in case of signs of slowdown and recession in the economy.
Stay strong 👍 🤝
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On US and Trump support for Bitcoin:
With or without support, a bear market is still a bear market. Economic cycles are stronger than any support, words, propaganda, or even Trump himself.
If any US president could control economic cycles, the crises of 1929, 2000, 2008, and 2021 simply would not have happened.
So my advice: try to get the most out of the upcoming wave, but don't be greedy and don't get carried away by positive news.
Remember these two rules:
1️⃣ Positive news at the peaks is the moment when big players dump assets, leaving small investors trapped.
2️⃣ Negative news at the bottom is an attempt to shake out weak players before the rise.
With or without support, a bear market is still a bear market. Economic cycles are stronger than any support, words, propaganda, or even Trump himself.
If any US president could control economic cycles, the crises of 1929, 2000, 2008, and 2021 simply would not have happened.
So my advice: try to get the most out of the upcoming wave, but don't be greedy and don't get carried away by positive news.
Remember these two rules:
1️⃣ Positive news at the peaks is the moment when big players dump assets, leaving small investors trapped.
2️⃣ Negative news at the bottom is an attempt to shake out weak players before the rise.
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Just a week of high volatility, and from February 5th onwards, it's as if nothing happened. Be careful not to get knocked out of the market. The market is expecting a good growth wave, especially for altcoins. And remember, the last growth wave in a cycle is always the strongest and fastest.
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As for most of the cryptocurrencies that failed to rally much from their November and December lows compared to XRP, SOL and SUI, these cryptocurrencies are now either testing the August lows or breaking them. This could be a false breakout or forming a low for the next uptrend, and this is what is happening with most cryptocurrencies now, not just yours. Most of these cryptocurrencies that are close to the August lows are in the range of forming a low. All indicators of most cryptocurrencies against the dollar and bitcoin show positive divergence on the RSI indicator on the daily and weekly timeframes. All that remains is to be patient.
The current correction in all markets, including the US and S&P 500, opened today on futures contracts with a negative sentiment, and this is all related to pricing in anticipation of the interest rate fixing. The rebound is expected to start between February 5 and February 13, and this period will be positive.
The current correction in all markets, including the US and S&P 500, opened today on futures contracts with a negative sentiment, and this is all related to pricing in anticipation of the interest rate fixing. The rebound is expected to start between February 5 and February 13, and this period will be positive.
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