#CryptoReboundStrategy

BTC price fails to flip traders short-term bullish

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating after year-to-date gains topped 6%.

Extending a comeback that began on New Year’s Eve, Bitcoin reclaimed its 50-day simple moving average (SMA) — a level that traders previously described as essential for bull market continuation.

“$BTC closing strong and sustaining momentum from here,” popular trader Skew summarized in his latest X content on Jan. 3.

Despite the latest progress, many remained cautious on BTC price action, even adopting a bearish outlook for January.

“Unless we breach $99k and flip it to support, I think we will see lower prices in Jan,” fellow trader Scient told X followers.

“Pretty simple triggers for me here: Break and flip $99k or retest or $90-88k zone.”