Technical analysis by persis10t about Symbol BTC on 1/15/2025

Join our community and start your crypto journey today for:In-depth market analysisAccurate trade setupsEarly access to trending altcoinsLife-changing profit potentialLet's analyze BTCUSDT :Bitcoin (BTC) has exhibited strong momentum, particularly on weekly closing days, and is trading within a defined channel.Looking back, on Monday, January 13th, BTC reached a low of $89,000. One week later, on Monday, January 20th, it surged to a new all-time high (ATH) of $109,599. More recently, on Monday, January 27th, BTC dipped to $98,000 from its ATH but quickly recovered from the support zone around $98,500. 50 EMA also supports this level on daily TF.If BTC fails to hold this level and breaks down from the channel, immediate support would be $91.5k.This recent price action has fueled anticipation of another new all-time high by next Monday. Currently, BTC is facing resistance at the $106,000 level, which also acts as a breakout zone on shorter timeframes. A daily close above this $106,000 resistance level could potentially trigger a rally toward the $120,000 mark.Key Support Levels:$98.5kKey Resistance Level:$106kIf you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.Happy Trading!!