Bitcoin - Weekly Forecast - Technical Analysis & Trading Ideas

Midterm forecast:

• While the price is above the support 73777.00, resumption of uptrend is expected.
  
• We make sure when the resistance at 91037.20 breaks.
  
• If the support at 73777.00 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  

BTCUSD
Technical analysis:

• A peak is formed in daily chart at 109588.00 on 01/20/2025, so more losses to support(s) 78180.00 and minimum to Major Support (73777.00) is expected.
  

Take Profits:

1. 86499.57
   
2. 91037.20
   
3. 94505.46
   
4. 98489.63
   
5. 101430.12
   
6. 105431.17
   
7. 109932.89
   
8. 115000.00
   
9. 120000.00
   
10. 125000.00
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11. 130000.00