$BTC - Price analysis update: ✍🏻
Is #ALTSEASON FOR 2025?? 🚀
The current price remain stuck below the main downtrend daily; but it's also very neutral on the daily basis!
⏳Short term area to be monitored:
$85,100 [High - R]
$81,500$ [Low - S]
2 Month ago I warned for a possible correction toward 71,000$, The price of BTC was around $103,000!
The 74,000 zone has been touched, corresponding almost exactly to the low point I mentioned (middle T/K Zone).
On the monthly view, the Tenkan is still acting as a support and holding well above 79,000!
Technically speaking, regardless of the high volatility, the underlying trend remains bullish!
This leads me to believe that we're in a bullish consolidation phase rather than a bearish one, and that the low point was reached around $74,500!
🔴A bearish warning will be given if the Monthly closes below $78.900! (Zoom on my chart✍🏻).
📈Bullish case:
A breakout of the trend & 85,100$ level would lead to a pump to test the 88,000$ resistance area.
Zooming in on the weekly view, this could be a bullish consolidation ahead of a new ATH. The bulls remain very strong despite the bearish news on the US markets.
Be careful, however, as the price needs to break above $94,000 at the weekly close in order to get further long-term bullish validation!
📉Bearish case:
If prices break out and retest the 50% fib zone of $81,500, then prices could look for a low towards $71,000.
However, we also need to keep an eye on the supports below:
$79,600
$79,500
$76,300
$74,500
💡To sum up, and give you my opinion:
If the news in the US becomes positive (Tarrifs, PCI, etc...) I think BTC could break higher and go for 88,000 - 91,000 or even 94,500 new! 📈
👍I try to look at all levels to get a concise view over time
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If I'm right, and the trend is picking up on BTC, then the #alts season will be launched this year, probably Q3 - Q4🚀🚀🚀
