Bitcoin - Weekly Forecast - Technical Analysis & Trading Ideas

Midterm forecast:

• 73777.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  

Technical analysis:

• A trough is formed in daily chart at 88963.75 on 01/13/2025, so more gains to resistance(s) 102643.85, 108293.92, 110000.00 and more heights is expected.
  

Take Profits:

1. 99607.07
   
2. 102643.85
   
3. 108293.92
   
4. 110000.00
   
5. 115000.00
   
6. 118110.67
   
7. 120000.00
   
8. 125000.00
   
9. 130000.00
   
10. 134142.91
    
    Total Profit: 5567500 point (55%)
    Closed trade(s): 506200 point Profit
    Open trade(s): 5061300 point Profit
    
    Trade Setup:
    We opened 11 BUY trades @ 94545.07 based on 'Hammer' entry method at 2025-01-13.
    
    Closed Profit:
    TP1 @ 99607.07 touched at 2025-01-15 with 506200 point Profit. (5%)
    
    Open Profit:
    Profit for one BUY trade is 99606.37(current price) - 94545.07(open price) = 506130 point (5%)
    10 trade(s) still open, therefore total profit for open trade(s) is 506130 (5%) x 10 = 5061300 point (50%)