Bitcoin Price Analysis!!!
As we have seen yesterday that bitcoin totaly out of control and goes down 109k to near 100k on very important day in entire crypto history, because on 20th Jan mostly crypto pro Whales and also crypto pro President take oath as a president of United states of America, before inauguration day his first priority is crypto and he want to control US economy with Crypto bill and increase crypto reserves. Before this he meet with Ripple C.E.O and in many platforms he was talking about bitcoin, but on inauguration day in his speech he never use a single word of "Crypto" result the hye is over and bitcoin dump with all major crypto tokens, even xrp spend 10 million dollars for his inauguration.
Now we are waiting for 29th January 2025 for FOMC meeting, if in this meeting FOMC chaiman withdraw their statement about bitcoin in which he is talking about bitcoin that bitcoin is jot a federal reserve and cut rates doesn't apply on bitcoin, this statement is very unfair for crypto market and result bitcoin drop 108k to 89.2k and lost their value and yesterday president behaviour with crypto market makes crypto more weak.
They played with crypto investors from Trump Coin and Melania Coin, gain lot of profit and leave market with bearish signs.
Now BTC have 24h volume more then 100B, and this data shows that whales take over market and hold btc price above 100k, if this price remain same till 29th Jan, then 1 positive decision will send btc at 120k-130k, and btc makes their ATH above 120k. If authorities not take serious action and trump don't take priority of crypto market then btc may goes down below 70k.
Look at price chart, in 15min chart btc makes some bullish pattren, and 1 day chart BTC make big "W" as it makes from previous pump time and then makes another small "w" wich send btc at 40k gain, 60k to 100k.
Thankyou and Thanks for your precious time