🌟🌟🌟𝐁𝐓𝐂 𝐏𝐫𝐢𝐜𝐞 𝐌𝐨𝐯𝐞𝐦𝐞𝐧𝐭: 𝐊𝐞𝐲 𝐋𝐞𝐯𝐞𝐥𝐬 𝐭𝐨 𝐖𝐚𝐭𝐜𝐡💥💥
Bitcoin recently experienced a significant dip, breaking a critical support level at $90,000 before rebounding sharply from $89,200. The recovery saw $BTC surpass $95,000, signaling strong buying interest at lower levels. Now, traders must monitor critical support and resistance zones closely to navigate the market's next move effectively.
🌟🌟Key Support Levels:
If Bitcoin maintains a daily close above $93,000, it could pave the way for further upward momentum. However, if it fails to hold this level and resumes its downtrend, the next likely target is a drop to the $87,000–$85,000 range. These zones represent critical areas of interest where price action could find strong buying or selling pressure.
💫💫💫Liquidation Triggers:
For significant short position liquidations, BTC would need to break above $108,000. Conversely, a drop to $85,000 could trigger substantial liquidation for long position holders, given the heavy accumulation of positions in this zone. Traders are advised to track these levels carefully, as they may dictate the market's direction in the short term.
🔥🔥🔥Upcoming Catalysts:
Additionally, the release of the Consumer Price Index (CPI) report on January 15, 2025, could introduce volatility to the market. Traders should combine technical analysis with macroeconomic insights to make informed decisions. Monitoring daily candle closures and critical levels will be vital in identifying the next major price movement.
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