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- 🦉 Crypto Bull Market Entering Final Stage
🦉 Crypto Bull Market Entering Final Stage
Altseason Imminent As Crypto Flashes Bullish Signal Every 4 Years, BTC Price Tops $101K as MicroStrategy Makes First BTC Buy of 2025, and more!
Traci Smith & Mike Cullison
January 06, 2025
GM 🦉 This is Daily Gains. Your go-to news source for everything crypto!
In Today’s Crypto World:
BTC Price Tops $101K as MicroStrategy Makes First BTC Buy of 2025 🚀
Altseason Imminent As Crypto Flashes Bullish Signal Every 4 Years 4️⃣
Crypto Bull Market Entering Final Stage ✅
Moon Girl & Devil Dinosaur 🌖
BTC USD 12 Hour 🔬
DEGEN PLAYS
GAINERS & NEWBIES 👀
*Market insights are updated daily.
MAC’S VEVE & NFT
MOON GIRL & DEVIL DINOSAUR 🌖
DK’S CHART OF THE DAY
BTC USD 12 HOUR 🔬
Chart by: www.tacticaltradinghub.com
Bitcoin (BTC) has recently climbed from the lower end of its current trading range. For a more optimistic outlook, it is essential for BTC to maintain a level above the Point of Control (POC) at $98,500, which would clear the way toward the top of the range. More significantly, breaking through the previous lower high at $100,000 would signal a potential trend reversal.
Currently, BTC is consolidating between the local 0.786 Fibonacci level and the POC, a setup that leans more bullish than bearish.
If the market were set to form a lower high and roll over, this would likely have occurred by now.
While a dip to the $95,000 support is possible, the worst-case scenario appears to be another test of the lower range at $90,000.
A move into the $80,000s would likely have already triggered a strong rejection and a lower high, indicating further downward pressure.
This continued sideways consolidation raises the likelihood of BTC staying within this range before eventually breaking higher. Don’t miss Wednesday’s update on Bitcoin dominance, where we’ll examine the potential outlook for altcoins.
OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - 3 TIPS FOR THIS CYPTO CYCLE 🔦
T’S HOOT’S OF ENLIGHTENMENT
ALWAYS HAVE A PLAN💡
So you are invested in crypto, this is your first bull run. You see your portfolio increasing value every day, when do you take profits?
It’s important to establish your profit-taking plan before the euphoria and crypto influencers start clouding your judgment.
Profit-taking plans may include a dollar value increase. Are you just trying to double your money? Then set a sell order when your coin increases by 100%
Want to learn more? Join us today… www.dailygainscrypto.com
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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.