BITCOIN ($BTC) 6 JANUARY 2025

BTCUSD

Bitcoin (BTC) remains bullish above the 65 Weekly EMA at $65,180.43. The long-term trend is considered up when BTC is trading above this level. A breakout above $121,661.73 could lead to further gains, targeting $149,969.25, $191,549.61, $233,129.98, and potentially $274,710.35. In an alternative scenario, a break below the 65 Weekly EMA at $65,180.43 would trigger a deeper price correction toward toward $51,773.85 and $10,193.49.