Comment
Author: Admin | 2025-04-28
And price analysis to understand when big moves may arise in crypto, both up and down, as per our proprietary methodology.This is what we wrote in our premium research service, in the first week of January, when BTC was approaching $100k:In terms of price, the most bullish outcome will be that BTC drops to $91.5k.We also wrote:Our timeline analysis suggests that the highest intensity period of the year will be February 5th, 2025, until mid-March, the 25% Fibonacci point on Bitcoin’s timeline.The BTC chart confirmed our timeline readings published in the restricted research area throughout January. What’s more, going forward, we see that the trendlines and Bitcoin’s 25% Fibonacci retracement date (Feb 5th) coincide around $95k.February 2nd – All the points above are crucial to understand if February will be bullish, and $95k on Feb 5th, 2025, is the important price/date combination to watch.Bitcoin price down on February 1st and 2nd 2025USD up, Yields up, Bitcoin price downThe second reason why the Bitcoin price is down has to do with USD strength combined with Yields strength:Morning Bid: Strong dollar, rising yields hog the spotlightDollar strengthens as solid U.S. data pushes up bond yieldsThe USD remains very strong. That’s too much strength for BTC to stay strong. A Bitcoin price drop is the logic outcome.USD strength January 2025 – pushing Bitcoin and crypto prices downConclusion – Only if Yields and the USD find resistance around current levels will it stop Bitcoin and crypto markets from dropping.Bitcoin price down: a psychological level
Add Comment