Bitcoin made a good reaction in the green range around $112K, the Bulls managed to defend that region very well, even being the weekend. However, we are still not out of danger, we now need to recover $115.7K and then we will return to a new ATH.

BTC Analysis 01/08/2025

It's been a complicated and crazy week here, and it's no surprise that Bitcoin fell below $115.7K, which was the price where the BULLS maintained the advantage over the BEARS. Now we are starting to work in a crucial region for both sides.

I won't bring up the numerous news items that helped the price drop so low, as we all saw what is happening, so let’s focus on what remains in the charts.

This region near $112K is the strongest area for the BULLS to defend, of course, it doesn't necessarily need to stay at $112K, but this green region I added to the chart is where I am observing more closely, and I expect a reaction from the BULLS.

The EMA 50 (D) is currently acting as support, which is good since the price has been supported by it for some time.

The RSI is extremely oversold on the 4h chart, which is obviously good for this region and should relieve some selling pressure over the weekend.

Interestingly, the bottom on #BTC has been found in the first week of each month, so this time will be no different.

An important reminder is: WE CANNOT PREDICT IN ANY WAY WHAT A PRESIDENT OR AUTHORITY WILL SAY OR DO, AND WE ALL KNOW THAT THIS WILL ALWAYS IMPACT THE CHARTS, THEREFORE, KNOW HOW TO DIFFERENTIATE THESE MOMENTS WHEN THEY OCCUR.

Anyway, above $112K, as I have said many times, is where most would be wrong since the easy way would be turned off.

At this moment when most start calling for lower and the unreal takes over, is where I feel even more certain to point towards $130K. The crowd is always wrong, and if the crowd points lower, we will go higher.

The same thought still applies:
In my opinion, this is just a pullback (caused by recent news), but we are preparing for a new upward movement, so keep an eye out for the opportunities the market offers.

Big investors are buying EVERY WEEK, don’t sell here to them!