$BTC – Price Analysis Update ✍🏻
Is #ALTSEASON Coming in 2025? 🚀
Bitcoin's price action remains neutral on the daily chart, still trading below the main downtrend line. But the structure is tightening, and key levels are now in focus:
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⏳ Short-Term Range to Watch:
Resistance (R): $85,100
Support (S): $81,500
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Flashback:
Two months ago, with BTC near $103,000, I highlighted a potential correction toward $71,000. We’ve since tagged the $74,000 zone, aligning almost exactly with my projected bottom—the mid T/K zone.
On the monthly chart, the Tenkan-sen remains a strong support, currently holding firm above $79,000.
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Technical Outlook:
Despite ongoing volatility, the underlying trend remains bullish.
This looks more like bullish consolidation than a trend reversal, with the local low likely set around $74,500.
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🔴 Bearish Warning:
A monthly close below $78,900 would signal caution and could shift momentum bearish. (Zoom in on my chart for details ✍🏻)
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📈 Bullish Scenario:
A breakout above $85,100 could spark a rally toward the $88,000 resistance.
Weekly chart shows this may be a pre-ATH consolidation.
A weekly close above $94,000 would confirm strong long-term bullish momentum.
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📉 Bearish Scenario:
If BTC fails to break out and retests the 50% Fib zone at $81,500, price could revisit $71,000.
Key supports to monitor:
$79,600
$79,500
$76,300
$74,500
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💡 TL;DR – My Take:
If we get positive macro news (tariffs, PCI data, etc.), BTC could push toward $88,000–$91,000, and potentially test $94,500.
If that plays out, #altseason could officially launch by Q3–Q4 2025!
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The bulls are still in the game, even as headlines try to shake the market.
