Bitcoin ‘power of 3’ setup targets $103K by President-elect Trump’s inauguration day

January 15, 2025 Coin Telegraph

Bitcoin

A “power of 3” pattern popped up on Bitcoin’s chart, suggesting that prices above $100,000 will occur before President-elect Trump takes office.

Bitcoin (BTC) price is up 11.50% from its Jan. 13 lows at $88,900, forming a bullish engulfing pattern on the daily chart. The crypto asset also established a position above equal highs (EQs) between $95,350 and $96,150, which previously acted as a resistance range.

Bitcoin 4-hour chart. Source: Cointelegraph/TradingView

After the recent swing low, favorable CPI data on Jan. 15 has pushed BTC to the brink of another $100,000 re-test. However, one particular setup implied that BTC could reclaim a higher position than $103,000 before President-elect Trump’s official appointment on Jan. 20.

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Bitcoin analysts explain why BTC could avoid a drop under $90K

January 10, 2025 Coin Telegraph

Bitcoin analysts explain why BTC could avoid a drop under K

Bitcoin Price

Bitcoin whales, an increase in speculative appetite and other macroeconomic factors are playing a role in keeping BTC price above $90,000.

Bitcoin’s (BTC) price dropped to a new range low at $91,055 on Jan. 9, its lowest value since Dec. 1. The next psychological support range remains under $90,000, and some market analysts continue to forecast a decline below this level.

Bitcoin 1-day chart. Source: Cointelegraph/TradingView

However, the following four reasons suggest that BTC may avoid a drop below $90,000.

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Is the Bitcoin bull run ending? Analyst says metrics don’t point to a ‘market peak’ yet

January 9, 2025 Coin Telegraph

Bitcoin Price

Bitcoin's recent price woes near $92,000 are short-term, and one analyst says traders should ignore the market noise.

Bitcoin’s (BTC) daily chart is on a three-day bearish streak, as the largest crypto asset dropped closer to $92,000 on Jan. 9. General investor sentiment was further deterred on Jan. 9 after the US Department of Justice (DOJ) greenlit the sale of 69,000 BTC worth over $6.5 billion, and spot Bitcoin ETFs witnessed their second-highest net outflow at $569.1 million.

With queries like, “Is Bitcoin bull market over?” starting to surface on X, one analyst said that bullish optimism toward BTC should remain intact.

Bitcoin’s recent downturn is primarily influenced by uncertainties around Federal Reserve rate cuts and investors adopting a cautious approach before President-elect Trump’s inauguration. Onchain data clearly highlights this sentiment, as the 30-day moving average of the Taker Buy/Sell ratio indicated sell-side dominance for the first time since March 2024 (when BTC peaked at around $74,000).

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Bitcoin’s brief rally to $100K triggers record 5.4K BTC monthly outflow

January 7, 2025 Coin Telegraph

Bitcoin’s brief rally to 0K triggers record 5.4K BTC monthly outflow

Bitcoin Price

Bitcoin price sold-off today, but heavy demand below $98,000 is prepping the market for the next leg higher.

Bitcoin (BTC) closed a daily candle at $102,180 on Jan. 6 after another round of positive ETF inflows worth $978.6 million. However, prices dropped sharply on Jan. 7 as traders expected BTC to retest the $100,000 level.

Despite these short-term BTC drawdowns, significant investor activity was observed on major exchanges, indicating a bullish urgency.

Burak Kesmeci, a verified analyst at CryptoQuant, highlighted that the 14-day simple moving average (SMA14), which tracks Binance's netflow, has turned negative. As illustrated in the chart, each time the SMA14 has turned negative, BTC has exhibited a bullish shift in the charts.

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Bitcoin traders target $138K BTC price after Coinbase premium hits ‘breakeven point’

January 6, 2025 Coin Telegraph

Bitcoin

The return of the Bitcoin “Coinbase premium” could be a sign that BTC price is on the path to $138,000.

Bitcoin’s (BTC) price is up 8.5% in 2025, with the collective crypto market turning bullish ahead of President-elect Donald Trump’s inauguration on Jan. 20.

Bitcoin 1-month chart. Source: Cointelegraph/TradingView

With BTC breaking past $100,000 yet again, multiple analysts presented new all-time high targets for the largest crypto asset in the coming days.

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Bitcoin correction ‘almost done’ as realized losses rise above weekly average

December 20, 2024 Coin Telegraph

Bitcoin ETFs

Bitcoin traders’ realized losses have likely peaked, possibly marking the bottom of the current BTC price sell-off.

Bitcoin’s (BTC) daily chart has produced three consecutive red candles for the first time since the first week of November, which coincidentally was the lead-up period to Donald Trump’s US election victory.

Another similarity between the last time three or more red candles were observed on the daily chart was that Bitcoin retested the 50-day EMA level.

Bitcoin 1-day chart. Source: Cointelegraph/TradingView

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Why Ethereum traders are closely watching ETH/BTC charts — Spoiler alert, it’s bullish

November 8, 2024 Coin Telegraph

Bitcoin

After lagging Bitcoin for most of 2024, Ethereum appears to be in the early stages of a bullish trend reversal. Here’s why traders are closely watching the ETH/BTC pair.

Ether (ETH) is currently exhibiting its most significant weekly gains since May 2024. While BTC’s momentum has stalled over the past 24 hours, ETH's price reached a quarterly high of $2,956, and the renewed price action triggered a 6% uptick for the ETH/BTC chart.

With Ethereum briefly leading Bitcoin (BTC) for the first time in months, the altcoin-BTC pair has caught the market’s attention for a potential trend reversal.

A pivotal daily breakout on the Ether daily chart is one key reason for the revived interest in the ETH/BTC trend.

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Bitcoin price rally to $110K ‘incoming’ after positive Coinbase premium, Trump victory — Analyst

November 6, 2024 Coin Telegraph

Bitcoin Price

A boost in Bitcoin's spot volumes and a classic chart pattern hint that $110,000 could be the next stop for BTC price.

Bitcoin (BTC) reached an all-time high of $75,358 after rallying 7.23% in a single four-hour candle. The bullish momentum accompanied the lead-up to Donald Trump’s US presidential election victory on Nov. 5.

With the US elections concluding with a “pro-crypto” president on deck, one crypto analyst re-iterated a Bitcoin price target above $100,000 in the coming weeks.

A few hours after the US election results, Titan of Crypto, an independent trader, highlighted a long-term cup-and-handle pattern for Bitcoin, which is currently undergoing a successful bullish breakout.

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Bifrost and Stacks Foundation Team up to Enhance Bitcoin Utility

March 15, 2024 Bitcoin.com

bitcoin.com

In a recent development, the Bifrost Foundation has allied with the Stacks Foundation to explore new opportunities within the Bitcoin ecosystem. This partnership is dedicated to harnessing Bitcoin’s potential by introducing innovative use cases and improving interoperability with assets and protocols based on Bitcoin. Bifrost and Stacks Foundation Partner to Expand Bitcoin Ecosystem On Thursday, […]

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Bitcoin price sell-off continues, but data highlights need for healthy correction

December 11, 2023 Coin Telegraph

Bitcoin

Bitcoin price opened the week with a sharp sell-off, but on-chain and technical data points to a much-needed cooling-off period.

Bitcoin (BTC) price is down 5% over the last 24 hours to trade at $41,645 on Dec. 11. Despite the sharp price correction, technical indicators and on-chain data show that Bitcoin still displays strength as bulls strive to push the price back above $44,000.

Bitcoin dropped as much as 7.2% falling to $40,300 on Coinbase, triggering a conversation among analysts. Julio Moreno, head of research at on-chain analytics firm Cryptoquant said that the price of the flagship cryptocurrency was “overheating after the recent rally above” the $40,000 psychological level.

More data from on-chain data analysis firm Lookintobitcoin highlighted exhaustion among bulls. According to its December 2023 report, the Bitcoin price has reached its golden ratio multiplier near-term target, highlighted by the Crosby Ratio, which shows Bitcoin’s near-term price at “over-extended levels” resulting in the need to correct, or at least slow down.

BTC/USD