Carolin Camren i3kh
5 Following
0 Followers
1 Liked
0 Shared
Posts
Quotes
$BTC
Bullish Bounce: Could $98,000 Be Next? 📈🔥
Bitcoin seems to be waking up after the recent crash! Let’s take a closer look at the 4-hour chart to understand what’s happening and what might be next for BTC.
What’s Happening Right Now?
Bitcoin has made a strong bounce from the $91,200 level, which acted as a solid support zone. This area saw a lot of buying activity, showing that investors still believe in BTC’s strength.
Now, $BTC is pushing upward, but it’s facing a key resistance at $95,700. If it breaks above this level, we could see a quick move toward the next target: $98,000.
Double Bottom at $91,200:
This is a classic reversal pattern, signaling that the downtrend may be over and buyers are back in control.
Key Levels to Watch
Support Zone ($91,200 - $93,000):
This is the area where BTC found a floor and bounced back. It’s also a good buying zone for long-term investors.
Resistance at $95,700:
BTC is struggling to break this level. A clean breakout here could ignite a rally to $98,000.
Next Target ($98,000):
If BTC breaks above $95,700, the next logical stop is $98,000, where another resistance level awaits.
Should You Buy or Wait?
Short-Term Traders: Wait for confirmation! If BTC breaks above $95,700 with good volume, it could be a great entry for a short-term trade toward $98,000.
Long-Term Investors: The $91,200 - $93,000 zone is still an ideal accumulation area. Pullbacks to this level could be good buying opportunities.
The Sentiment Right Now
The market is showing signs of optimism, but it’s cautious optimism. Breaking resistance at $95,700 could bring excitement and more bullish momentum, but if BTC fails to hold, we might see another dip back to $93,000.
BTC
94,920.23
+1.22%
Bullish Bounce: Could $98,000 Be Next? 📈🔥
Bitcoin seems to be waking up after the recent crash! Let’s take a closer look at the 4-hour chart to understand what’s happening and what might be next for BTC.
What’s Happening Right Now?
Bitcoin has made a strong bounce from the $91,200 level, which acted as a solid support zone. This area saw a lot of buying activity, showing that investors still believe in BTC’s strength.
Now, $BTC is pushing upward, but it’s facing a key resistance at $95,700. If it breaks above this level, we could see a quick move toward the next target: $98,000.
Double Bottom at $91,200:
This is a classic reversal pattern, signaling that the downtrend may be over and buyers are back in control.
Key Levels to Watch
Support Zone ($91,200 - $93,000):
This is the area where BTC found a floor and bounced back. It’s also a good buying zone for long-term investors.
Resistance at $95,700:
BTC is struggling to break this level. A clean breakout here could ignite a rally to $98,000.
Next Target ($98,000):
If BTC breaks above $95,700, the next logical stop is $98,000, where another resistance level awaits.
Should You Buy or Wait?
Short-Term Traders: Wait for confirmation! If BTC breaks above $95,700 with good volume, it could be a great entry for a short-term trade toward $98,000.
Long-Term Investors: The $91,200 - $93,000 zone is still an ideal accumulation area. Pullbacks to this level could be good buying opportunities.
The Sentiment Right Now
The market is showing signs of optimism, but it’s cautious optimism. Breaking resistance at $95,700 could bring excitement and more bullish momentum, but if BTC fails to hold, we might see another dip back to $93,000.
BTC
94,920.23
+1.22%
#NFPCryptoImpact
U.S. NON-FARM PAYROLLS: A CRUCIAL TEST FOR BITCOIN
The release of the U.S. December non-farm payrolls data this Friday is expected to show a slowdown in job growth, with forecasts at 153K new jobs, down from November's figures. This report will likely influence market sentiment across traditional and digital assets, particularly in light of the Federal Reserve's monetary policy and ongoing labor market shifts.
For the crypto market, Bitcoin could experience heightened volatility. If the data misses expectations significantly, it might signal a weakening labor market, increasing the likelihood of a more dovish stance from the Fed. This could fuel a rally in Bitcoin, as investors anticipate slower rate hikes or potential cuts, making risk assets more appealing.
On the other hand, if the payroll data exceeds expectations, it could reinforce the Fed's hawkish outlook, bolstering the dollar and U.S. Treasuries while pressuring Bitcoin. A stronger labor market might dampen hopes of policy easing, potentially triggering a stumble for the leading cryptocurrency.
In summary, the December payrolls data will act as a key catalyst for Bitcoin's short-term trajectory. Crypto traders should monitor this report closely, as it could define risk sentiment across markets into early 2025.
U.S. NON-FARM PAYROLLS: A CRUCIAL TEST FOR BITCOIN
The release of the U.S. December non-farm payrolls data this Friday is expected to show a slowdown in job growth, with forecasts at 153K new jobs, down from November's figures. This report will likely influence market sentiment across traditional and digital assets, particularly in light of the Federal Reserve's monetary policy and ongoing labor market shifts.
For the crypto market, Bitcoin could experience heightened volatility. If the data misses expectations significantly, it might signal a weakening labor market, increasing the likelihood of a more dovish stance from the Fed. This could fuel a rally in Bitcoin, as investors anticipate slower rate hikes or potential cuts, making risk assets more appealing.
On the other hand, if the payroll data exceeds expectations, it could reinforce the Fed's hawkish outlook, bolstering the dollar and U.S. Treasuries while pressuring Bitcoin. A stronger labor market might dampen hopes of policy easing, potentially triggering a stumble for the leading cryptocurrency.
In summary, the December payrolls data will act as a key catalyst for Bitcoin's short-term trajectory. Crypto traders should monitor this report closely, as it could define risk sentiment across markets into early 2025.
Login to explore more contents