BTCUSDT, Current Situation, January 18, 2025
Based on the latest data, the current closing price of BTCUSDT is 102,681 USDT. The "Cup and Handle" formation is clearly observable on the weekly chart, and its confirmation is likely to be accompanied by an increase in trading volume.
The expected target range is between 120,000 and 130,000 USDT, assuming historical market trends continue.
Further price increases for BTCUSD are likely if the "Cup and Handle" formation plays out as expected. The coming weeks will be critical in determining whether the trend continues.
Key Factors to Monitor:
Weekly Closing Prices
Monitor closing prices below 102,000 USDT, as these could indicate weakness. A break below 100,000 USDT could accelerate the decline.
For upward momentum, breaking above the 108,500–110,000 USDT range is critical. Once surpassed, further growth toward the 120,000–130,000 USDT range can be anticipated.
Volume Trends
Strong volume increases during upward price movements are a positive confirmation of the formation.
Weak volume during price increases may signal uncertainty.
Monitor volume declines during significant price drops, as this could indicate a slowing down of the bearish momentum.
Emergence of Additional Patterns on the Chart
Head and Shoulders Pattern: This may signal a bearish trend if levels below the neckline break.
Double Bottom or Double Top: A double bottom may indicate the start of an uptrend, whereas a double top could reverse the trend.
Broadening Wedge: If a broadening wedge forms, monitor the direction of the breakout, as it will determine whether the trend continues or reverses.
Flags and Wedges: These patterns often suggest trend continuation. Volume confirmation following the pattern is crucial.
Disclaimer
This analysis is not to be considered as investment or trading advice. Monitoring the factors outlined above can contribute to making more informed trading decisions.
The expected target range is between 120,000 and 130,000 USDT, assuming historical market trends continue.
Further price increases for BTCUSD are likely if the "Cup and Handle" formation plays out as expected. The coming weeks will be critical in determining whether the trend continues.
Key Factors to Monitor:
Weekly Closing Prices
Monitor closing prices below 102,000 USDT, as these could indicate weakness. A break below 100,000 USDT could accelerate the decline.
For upward momentum, breaking above the 108,500–110,000 USDT range is critical. Once surpassed, further growth toward the 120,000–130,000 USDT range can be anticipated.
Volume Trends
Strong volume increases during upward price movements are a positive confirmation of the formation.
Weak volume during price increases may signal uncertainty.
Monitor volume declines during significant price drops, as this could indicate a slowing down of the bearish momentum.
Emergence of Additional Patterns on the Chart
Head and Shoulders Pattern: This may signal a bearish trend if levels below the neckline break.
Double Bottom or Double Top: A double bottom may indicate the start of an uptrend, whereas a double top could reverse the trend.
Broadening Wedge: If a broadening wedge forms, monitor the direction of the breakout, as it will determine whether the trend continues or reverses.
Flags and Wedges: These patterns often suggest trend continuation. Volume confirmation following the pattern is crucial.
Disclaimer
This analysis is not to be considered as investment or trading advice. Monitoring the factors outlined above can contribute to making more informed trading decisions.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.