$BTC
The latest data shows that Bitcoin is attempting to re-test its historical peak (≈$109,000), but several on-chain indicators warn of a decline in buying momentum compared to the beginning of this year. In contrast, indicators of futures trading activity are showing a notable increase, reflecting the entry of major 'whales' into new positions, which raises the scenario of narrowing trading margins before a new price surge.
For short-term traders, it is advisable to use a momentum trading strategy by monitoring RSI and MACD indicators on the hourly time frame, while setting stop-loss orders tightly at 2–3% below the entry price to reduce risks.
What do you think about the possibility of Bitcoin breaking the peak in January 2025? Share your predictions and favorite tools!