Bitcoin January 2025 price action is mirroring that of January 2024. Breakdowns happened in January of both 2024 and 2025, followed by vigorous recoveries in those years.
If BTC follows its moves from January to March, it could reach $170K by the end of March.
Funding rates are slightly negative. There is still a small chance of falling deeper. But overall the market will come to balance. I expect more probable collection of short liquidity as I wrote in a previous post.
The correction is natural, as the market is digesting this growth. And on senior timeframes it looks like a logical collection of accumulated liquidity. Now the liquidity collection of short positions is on the turn. The bullish trend is not broken. Nothing abnormal.
Yesterday's Bitcoin ETF flows were negative for $287.9 million, making the weekly total a negative $377.6 million.
Blackrock had $79.4 million of inflows. Fidelity had $208.2 million of outflows, Ark $112.6 million and Bitwise $36 million.
Despite the widespread belief that the cryptocurrency market will not start to recover before Trump gets into the White House, I believe that the big players will not let Bitcoin price stay below their average price levels for too long and we will soon see the market showing upward momentum.
The FUD on Tether is not worth paying attention to. There is nothing new and interesting there worth your time.
It is just a correction during the Price Discovery period and nothing more. Usually, there are several corrections before the end of the bull market and they can last for several weeks.
Nice ascending triangle here on BNB. Breakout first target is ~$750+.
It's a pretty good formation. In my opinion, many people underestimated the asset. The asset will have an upward impulse on the general growth wave of altcoins.
Just a small pullback, of which there will be many more. Such regular volumes, at such price values, tell us that this is far from the limit of Bitcoin's price value in this cycle.🤔
It is only a matter of time before both Bitcoin and the altcoin market recover from corrective movements. For now, don't worry, continue to hold the positions you have gained. As in my humble opinion, $105K for Bitcoin will be seen in the coming days, despite any possible negative news background.👀✍️