$BTC – Price Analysis Update ✍🏻
Is #ALTSEASON coming in 2025? 🚀
Bitcoin’s current price remains neutral on the daily timeframe, still stuck below the main downtrend. However, there are several key levels to keep an eye on:
Short-term range to monitor:
Resistance (R): $85,100
Support (S): $81,500
Two months ago, I warned of a potential correction toward $71,000 when BTC was around $103,000. We’ve since touched the $74,000 zone, nearly spot-on with my projected low—right around the middle T/K zone.
On the monthly chart, the Tenkan-sen continues to act as solid support, holding well above $79,000.
Technically speaking:
Despite volatility, the underlying trend remains bullish. I believe we are in a bullish consolidation phase, not a bearish one. The local low was likely around $74,500.
Bearish Warning:
A monthly close below $78,900 would trigger a bearish signal (check the zoom on my chart ✍🏻).
Bullish Case:
Breakout above the $BTC 85,100 level could lead to a push toward the $ETH
88,000 resistance.
On the weekly chart, this might be consolidation before a new ATH.
A weekly close above $94,000 would confirm long-term bullish momentum.
Bearish Case:
A failed breakout followed by a retest of $81,500 (50% Fib zone) could drag BTC toward $71,000.
Key supports to watch:
$79,600
$79,500
$76,300
$74,500
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TL;DR – My Opinion:
If we see positive US news (tariffs, PCI data, etc.), BTC could break out toward $88,000 – $91,000, maybe even $94,500.
If that happens, I expect #altseason to kick off in Q3–Q4 2025!
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Let’s see how this unfolds—bulls still holding strong despite bearish headlines!