#比特币走势观察 Bitcoin's recent trend shows a characteristic of fluctuating upward movement. At the beginning of the new year, Bitcoin began to gain momentum after several days of fluctuation, and it is expected that a new trend may emerge this week. The daily K-level shows that bulls are starting to gain strength, with the low points of the retracement gradually rising. The key now is to see if the rebound's high points can break through, potentially challenging the psychological barrier of $100,000.

Technical Analysis

Daily Trend: Bitcoin has continuously closed in the green on the daily level, indicating strong upward momentum. The price is operating above the middle band of the Bollinger Bands and is attempting to break through the upper pressure level.

Moving Averages: The 111-day and 350-day moving averages are beginning to cross, which is a bullish signal indicating that the price may peak in the coming days.

Indicator Signals: The MACD moving average is gently rising, and the KDJ line continues to move upward, all supporting Bitcoin's upward trend.

Market Environment

Macroeconomic Factors: Although Bitcoin faces some resistance in 2024, its overall performance remains strong. The strengthening of the US dollar index typically moves in the opposite direction of Bitcoin's price trend, so its reversal may drive Bitcoin's rise.

Money Supply: The expansion of money supply expected in 2025 is likely to provide a favorable market environment for Bitcoin.

Recent Price: Bitcoin's price is supported around $97,500 and is attempting to break through the key resistance level of $99,800.