Bitcoin Primed for Tactical Surge Toward $116,000 Amid Strategic Continuation
Bitcoin BTC/USDC (Daily Chart - 1D)
Date of Analysis: January 28, 2025
Period of Chart: Daily
Date of Analysis: January 28, 2025
Strategic Scenario: Long-Term Outlook (6 to 12 months)
Bitcoin continues to exhibit a bullish trend on the strategic horizon. The robust placement above dynamic supports like the EMA (Moving averages) underpins a long-term upward trajectory. Strategic targets remain $130,000–$140,000, marking significant psychological and technical benchmarks. Long-term investors can expect strength to re-emerge post short-term consolidation or corrective dips.
Tactical Scenario: Short-Term Momentum (1 to 3 months)
In the tactical horizon, Bitcoin's price action aligns with bullish continuation patterns:
Resistance at $116,000: Key for the next upward push, with confluence in Elliott Wave structure indicating Wave 5 nearing completion.
Support Pivot: $99,000 remains a critical tactical support, safeguarding bullish momentum.
Bearish Levels: $91,000 and $86,000 serve as safety zones if correction deepens.
The RSI and EMA trends reinforce short-term upside potential, and a breakout above $116,000 could lead Bitcoin toward $130,000.
Alternative Tactical Scenario:
Should Bitcoin fail to maintain $99,000 as support, a deeper correction could unfold, invalidating bullish momentum and targeting $91,000 and $86,000.
Key Technical Insights:
Hammer Doji candle stick configuration on the last bounce back above 99 000 key support
RSI: Currently 54.82 (neutral-positive), showing room for upward expansion.
Moving Averages: Positive alignment across EMAs; dynamic support structure intact.
Elliott Wave Analysis: Wave 5 in progress; resistance at $116,000–$130,000 aligns with this forecast.
Trade Ideas – Tactical (Short-Term):
🎯 Buy Strategy:
- Long positions above Stop-Loss at $99,000 (daily close) to Target $116,000 before $130,000
🚨 Alternative Sell Strategy:
- Short positions if Bitcoin breaches $99,000, with tactical targets at $91,000 and $86,000.
Chart: Daily Basis (Candle Stick) - Logarithmic
Indicators: Exponential Moving Average (21/34/89) - RSI (21)
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