📉 Bitcoin Daily 📈

Happy New Year Everyone 🥳 I left you one week ago with target for the bounce at 98627 and that level became resistance that $BTC was trying to break since January 3rd and finally got above this night ✅

What can happen next? Anything. I always point out the need for formation of buy tail, but at the same time I have to admit that since 2021 #BTC haven't created lower wicks longer than 8.88% from open price. That is literally nothing comparing to previous years with much higher volatility (2020 had 46% buy tail). Still, those wicks appear most of the times. The only exception was crazy 2023 which pumped BTC price without any dips after January 1st.

So far 2025 looks bullish. Last 6 days closed green and #Bitcoin is making another re-test of 100k. This week we should witness either breakout towards 102.7-103.6k or rejection that will lead to return back to 2024 close and lower to form that buy tail.

In any case my New Year forecasts for lows and highs in 2025 stay the same - may expect 77-80k and then 122-170k. Eventually might grow to ATH without any dips, but I doubt that.

Nearest liquidity pools:

above - 100396 / 100940 / 102017 / 103233

below - 98790 / 97813 / 97228 / 96058

Lines on the chart:

🔸99660 - November high

🔸98340 - week close

🔸97843 - Q4 VAH

🔸96475 - November close

🔸95153 - week close