Hello everyone!

My forecast $BTC for the upcoming time.

Sellers are targeting 81,500 USD in January.

Bitcoin is currently undergoing a correction after failing to surpass the Fibonacci extension level of 1.618 near 102,734 USD.

This correction is occurring as the weekly relative strength index (RSI) enters the overbought territory while showing a bearish divergence compared to the price forming higher highs, a classic signal of diminishing bullish momentum.

Currently, BTC is trading around 94,000 USD, the next downside target for Bitcoin could be the 20-week exponential moving average (EMA) around 81,500 USD if this correction continues deeper. A further strong decline could see Bitcoin test the 50-week EMA near 67,700 USD, corresponding to the Fibonacci retracement level of 1.0.

Meanwhile, maintaining the Fib level of 1.618 as support could help Bitcoin's price rise to 150,000 USD in the first half of 2025.

Please share your view on BTC in the comments below!