Current Trend: Bitcoin (BTC) has shown signs of recovery after several weeks of volatility, reaching $100,000 again in recent weeks. After a 3% decline in the last 24 hours and an 8% drop in the last week, market analysts suggest that this pullback is not unusual for January, and they expect the bullish market to resume. Technical analysis, using classic tools, indicates that there could be a peak in the price of Bitcoin by mid-July 2025.
Forecast for This Week:
Price Movements: It is expected that Bitcoin could test resistance levels near $101,726 again, which could drive a rally towards $104,442 if it maintains its momentum. However, if the bulls fail to push the price, we might see a drop towards $98,587, initiating a possible bearish trend.
Volume and Liquidity: There is a notable increase in buying interest, with the 24-hour volume reaching $31.9 million, suggesting that investors are attentive to accumulation opportunities.
Technical Indicators: The Relative Strength Index (RSI) and MACD are showing bullish trends, indicating that short-term buyers are seizing the opportunity to accelerate a bullish trend. The SMA-14 suggests that there could be volatility in the coming hours.
Impact of Global Politics and Economy: The recent CPI inflation in the U.S. and the expectation of a rate cut in less than a week could influence the market. Investors are closely watching how these economic news affect the demand for Bitcoin.
Investment Outlook: Despite the volatility, the growing institutional interest and the adoption of spot Bitcoin ETFs are seen as positive factors for the long-term future of BTC. However, the market remains highly volatile, and investors must be prepared for sharp movements in any direction.
Conclusion: This week seems crucial for Bitcoin, with the potential to move towards new highs or consolidate within current ranges. Investors should stay informed and be prepared to act according to market behavior.
