Traders are eyeing a hidden liquidity zone around $105K that could define Bitcoin’s next trend. A clean break may unlock fresh cycle highs, while rejection there would signal supply pressure and elevated volatility.
As Bitcoin approaches critical support levels, the H1 analysis suggests a potential buying zone around 1/6/2025. Investors should closely monitor price action to capitalize on a possible rebound and further market volatility.
Bitcoin is currently forming an ascending triangle pattern, suggesting a potential breakout. If prices breach the upper resistance, it could signal a bullish trend, drawing in buyers and possibly driving BTCUSD towards new highs. Traders should remain vigilant.
Bitcoin’s recent price action reveals a compelling long setup in the BTCUSD 1H chart. With strong support at a key low and a potential to test previous highs, traders are eyeing strategic entries that may capitalize on upward momentum.
As BTCUSD approaches critical resistance levels, analysts from KechFx suggest a compelling sell setup. Market dynamics indicate potential bearish momentum; traders should evaluate risk and consider timely position adjustments. Vigilance is key in this volatile landscape.