- Daily Gains
- Posts
- 🦉 Bitcoin, XRP, Cardano, & Dogecoin See Massive Growth
🦉 Bitcoin, XRP, Cardano, & Dogecoin See Massive Growth
More & More Companies Choose BTC As Prime Asset For Reserves, Bitcoin Speculators Panic Sell At $92K in 'Good Time for Accumulation', and more!
Traci Smith & Mike Cullison
January 10, 2025
GM 🦉 This is Daily Gains. Capping off the week with some great news!
In Today’s Crypto World:
Bitcoin Speculators Panic Sell At $92K in 'Good Time for Accumulation'
Bitcoin, XRP, Cardano, and Dogecoin See Massive Growth
More & More Companies Choose BTC As Prime Asset For Reserves
Daredevil and Mr Fear 👹
BTC USD 1 Day 🔬
DEGEN PLAYS
GAINERS & NEWBIES 👀
*Market insights are updated daily.
MAC’S VEVE & NFT
DAREDEVIL WITH MR FEAR 👹
DK’S CHART OF THE DAY
BTC USD 1 DAY 🔬
Chart by: www.tacticaltradinghub.com
As of now, Bitcoin (BTC) finds itself in a precarious situation. To keep things straightforward—often an essential approach when market dynamics become overly complicated—it’s important to focus solely on the price action and avoid letting personal bias shape the analysis.
Currently, the price action suggests we may be seeing the formation of a head and shoulders pattern on the daily chart. Should this pattern fully develop, the target price could be around $79K. However, it's worth noting that in strong bull markets, such patterns don’t always play out as expected.
On the other hand, looking at support levels, there isn’t much to work with. The daily timeframe, as indicated by the stochastic RSI (our momentum indicator), shows that momentum remains to the downside. However, it’s also nearing a reset, which could signal a potential reversal.
In the most optimistic yet realistic scenario, BTC may hold sideways within the current range, possibly consolidating between current levels and the psychological $90K mark. A brief dip into the upper $80Ks is also possible. If we see a period of consolidation over the next few days, that could set the stage for a potential upside move. From there, we’ll need to assess further developments before making any decisive calls.
OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - BULLISH OR BEARISH IN 2025 🔦
T’S HOOT’S OF ENLIGHTENMENT
FED RED FOLDER DAY 💡
The US economy adds 256,000 jobs in December, above expectations of 164,000. This will most likely be revised lower next month, but that doesn’t matter today. I suspect some of those added jobs last month were part-time or temporary for the holidays.
The unemployment rate fell to 4.1%, below expectations of 4.2%.
We now have a stronger-than-expected labor market with rising inflation. The "Fed pivot" will most likely be delayed once again. Many are saying no more rate cuts this year, maybe rate hikes?
The DXY US Dollar index surged based on the new data. This is typically bearish news for risk-on assets, like stocks and crypto, which both took a tumble.
Bitcoin and Alt Coins seem to be recovering nicely at the moment based on some more news, crypto proponent President Trump is not going to do any jail time.
Will this sentiment hold through the weekend? We have to wait and see.
Want to learn more? Join us today… www.dailygainscrypto.com
OWLGO’S HOOT BUZZ
OWLGO’S HOT X POST 🚀
OWLGO’S LOLS
DAILY MEMES 🤣
Brought To You By: DailyGainsCrypto.com
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.