Bitcoin Analysis – 07.Jan.2025
Bitcoin Analysis: Analyzing the #Bitcoin chart on the 4-hour timeframe, we can see that the price continued its upward momentum as expected, achieving an impressive over 10% gain, reaching the $102,700 zone! However, due to hitting the supply zone of $101,300 to $102,800, Bitcoin experienced a correction and is currently trading around $100,600. After a potential retracement to the $98,700 – $99,600 range, we can anticipate renewed demand, leading to another bullish move. The potential targets are $102,850, $104,400, and $106,800. Stay tuned for further updates!
(This Post on TradingView)
Author : Arman Shaban
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