(Bullish) Bitcoin’s Tactial Horizon: Eyeing $92500 with Tactical Opportunities Ahead to test 116 000
Market & Ticker: Bitcoin – BTC/USDC
Date: 17/01/2025
Horizon / Timing: Tactical Mid-term / 1 to 3 months
Strategic Long-Term Horizon (6 to 12 months)
Bitcoin (BTC) reached the first Strategic Target of 103,000, defined in December 2023, and maintains an upside potential toward 140,000 for 2025.
Tactical Mid-Term Horizon (1 to 3 months)
Following the test of the resistance near its previous high (103,000), BTC is currently trading in a range, undergoing normal consolidation before potentially resuming its upward trend. For the coming days, we have identified a wave 4 zone between the 103,000 resistance and 82,000. To differentiate between a direct bullish breakout scenario and a prolonged range before the next rise, we have set a first Tactical Support at 92,500.
As long as 92,500 holds as a Tactical Key Support, any dips can be seen as buying opportunities to anticipate a direct breakout above 103,000, paving the way toward 116,000.
Alternatively, if 92,500 fails to hold, the market may develop a final downswing toward 85,700–82,000, which is considered a major buying level area on a Strategic Horizon for 2025.
Technical Key Elements:
- RSI indicator istesting active resistance
- The Moving average are flat (range) and the longest one is support at 90000
- Fibonacci key resistance area at 116 000 and support at 82 000
- Elliot wave pattern is calling for a wave 4 in progress (Range)
Trade Idea conclusion: (Neutral)
Strategic target max: 140 000
Strategic target: 116 000
Tactical target: 103 000
Tactical support: 92500
Tactical alternative bearish target: 87500 and 82000
Chart: Daily Basis (Candle Stick) - Logarithmic
Indicators: Exponential Moving Average (21/34/89) - RSI (21) 
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