- Bitcoin is currently trading at 99,779$ - Bitcoin kept behaving choppy and the Price Behaviour was very sluggish in January - We saw BTC printing a candle 4000$, which helped BTC cross 100,000$ after a long time. - Coming back to the current Price Action of BTC we are currently trading at a crucial zone and if we flip a weekly candle close above 102,686$ then the Market structure will change to Bullish - However, if we do not close above 102,000$ then we can see BTC revisiting 85,000-90,000$ - Trump's inaugural is due next week and will bring in a lot of volatility. - I am leaning more on the Bullish side, however, if we don't see supporting Macros then we might have a rough time chopping out and getting distributed the whole month.
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