BTC To Make OR Brake: (9 Jan 2025)

BTC To Make OR Brake:

Bitcoin recently reached an all-time high (ATH) of 108K, following a long consolidation phase and the context of a Trump victory.

BTC is holding the 0.382 Fibonacci retracement level, BTC testing this level five times. If it continues to struggle here, it may weaken the support, and the next possible support levels would be at 87.5K and 82.7K respectively.

As per historical patterns, I am not expecting BTC to test the 72K–75K zone based on last bullrun, When BTC fell down from 65K to 28K and then upward to 69K which is more than 60% retracement.

This time crypto bull run seems different due to macroeconomic situation, Especially, Trump will take oath on 20th Jan, 2025 which may increase the price to new ATH same like we observed on 5th Nov, 2024 on the winning results of Trump.

That's it for now, Will monitor and update this idea accordingly.