Bitcoin(BTC/USD) Daily Chart Analysis For Week of Jan 31, 2025
Technical Analysis and Outlook:
During this week’s trading session, Bitcoin reached its targeted Mean Support levels, specifically at 101300 and 98000. This development indicates a probable pullback to retest the Mean Support level of 98000, with the potential for further extension to the Outer Coin Dip positioned at 96000 before a possible resurgence in the bull market occurs. Conversely, should this anticipated pullback not materialize, the currency may experience upward movement, retesting the completed Inner Coin Rally at 108000 and potentially expanding to 110000 and 114500, ultimately challenging the outermost Outer Coin Rally at 122000.
During this week’s trading session, Bitcoin reached its targeted Mean Support levels, specifically at 101300 and 98000. This development indicates a probable pullback to retest the Mean Support level of 98000, with the potential for further extension to the Outer Coin Dip positioned at 96000 before a possible resurgence in the bull market occurs. Conversely, should this anticipated pullback not materialize, the currency may experience upward movement, retesting the completed Inner Coin Rally at 108000 and potentially expanding to 110000 and 114500, ultimately challenging the outermost Outer Coin Rally at 122000.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.