Analysis $BTC 01/04/2025
#BTC , we made a great move and are making a great recovery of $85K which puts us in a great position here for tomorrow.
We need this daily close today above $84,500... We should have some difficulty breaking through that $86K/$87K region tomorrow, but it's not a big problem to do so, as long as Trump doesn't blow everything up tomorrow with his crazy tariffs.
The big Bears still prefer positions around $95K which gives us a good space to recover without too many problems. Even though the Big Bulls are also not making many upward moves, the spot buyers are the ones pushing prices, so we should be fine.
Even though tomorrow morning we will start getting the first ADP Private Jobs data, I don't think it will make much difference; eyes are on the afternoon speech of the lipstick pig.
Gentlemen, I think we are doing well here and it seems to show some strength; it's a bottom formation process, so it is indeed tedious.
I continue to believe that $95K is a decent price in the short term and the most likely. So, I will continue to call for higher from here.
I am convinced that the top for Bitcoin is not here, and even though I think it won't go as high as most of my colleagues say, clearly this is not the top for BTC and even less so for #altcoin which still has a long way to go up.
Notice that at no point did I call for the top here, I did not change my mind or bring two versions, even with all this CHAOS, this is not arrogance, it is just a reminder of how important it is to maintain conviction and clarity.
Time will tell!
#BTC , we made a great move and are making a great recovery of $85K which puts us in a great position here for tomorrow.
We need this daily close today above $84,500... We should have some difficulty breaking through that $86K/$87K region tomorrow, but it's not a big problem to do so, as long as Trump doesn't blow everything up tomorrow with his crazy tariffs.
The big Bears still prefer positions around $95K which gives us a good space to recover without too many problems. Even though the Big Bulls are also not making many upward moves, the spot buyers are the ones pushing prices, so we should be fine.
Even though tomorrow morning we will start getting the first ADP Private Jobs data, I don't think it will make much difference; eyes are on the afternoon speech of the lipstick pig.
Gentlemen, I think we are doing well here and it seems to show some strength; it's a bottom formation process, so it is indeed tedious.
I continue to believe that $95K is a decent price in the short term and the most likely. So, I will continue to call for higher from here.
I am convinced that the top for Bitcoin is not here, and even though I think it won't go as high as most of my colleagues say, clearly this is not the top for BTC and even less so for #altcoin which still has a long way to go up.
Notice that at no point did I call for the top here, I did not change my mind or bring two versions, even with all this CHAOS, this is not arrogance, it is just a reminder of how important it is to maintain conviction and clarity.
Time will tell!
