BTC Market Update: Key Milestones and Strategic Outlook
BTC has recently achieved significant milestones, with notable movements on various timeframes. Here’s a detailed breakdown:
1. Milestone Achievement (2025)
- BTC reached a new all-time high at $108,200, continuing with its price discovery mode.
2. Monthly Time Frame Analysis
- Micro Targets Achieved: BTC successfully reached $97,100 and $103,200.
- Wick, Not a Closure: Despite reaching as high as $108,200, BTC did not close a monthly candle above $97,100, showing resistance.
3. Weekly Time Frame Analysis
- Key Achievement: BTC closed a weekly candle above $103,200, marking a strong bullish signal.
4. Daily Time Frame Analysis
- Ranging Market: BTC retraced after $108,200 and has been ranging for 12 days.
- The range is supported at $92,500, with no daily candle closures below this level, only wicks.
5. Key Support Levels to Watch
If BTC loses the $92,500 support, the next levels to monitor are:
- $90,600, $88,200, and $81,100 (1.618 Fibonacci level).
- Worst-case scenario: $69,700 (2.618 Fibonacci level).
6. Confirmation of Uptrend
- BTC must form a higher high above $99,900 to confirm a continued uptrend.
7. Macro Targets
BTC’s next major targets are:
- $134,800 (2.618 Fibonacci level).
- $225,200 (4.618 Fibonacci level).
8. Outlook as We Approach Key Events
BTC’s performance in the coming weeks, especially as we near significant events like the Trump inauguration, will be pivotal in shaping the market’s direction.
Stay Connected
Follow Kenya Crypto Magazine for updates:
MD_DELICACIES
Views: 39
