(Bullish) "Bitcoin Surpasses $109,000: Tactical Support at $99,000 and New Targets at $130,000 and $140,000"
Market & Ticker: Bitcoin – BTC/USDC
Date: 20/01/2025
Horizon / Timing: Tactical Mid-term / 1 to 3 months
Here’s the updated version of your analysis considering BTC has reached 109,000 USDT and with revised tactical and strategic targets:
Strategic Long-Term Horizon (6 to 12 months)
Bitcoin (BTC) reached the first Strategic Target of 103,000 USDT, defined in December 2023, and has now surpassed this level, reaching 109,000 USDT. BTC continues to demonstrate strong upside potential, with strategic targets set at 130,000 USDT and 140,000 USDT for 2025.
Tactical Mid-Term Horizon (1 to 3 months)
BTC has broken through the key resistance at 103,000 USDT and is showing signs of bullish continuation. For the short term, the Tactical Key Support has been adjusted to 99,000 USDT to reflect the current price action and potential retracement levels.
Updated Targets:
Short-term target: 116,000 USDT.
Mid-term target: 130,000 USDT.
Strategic target: 140,000 USDT.
As long as 99,000 USDT holds as Tactical Key Support, any dips can be viewed as buying opportunities to anticipate a continuation of the upward trend.
Alternative Scenario:
If BTC fails to maintain the 99,000 USDT support level, a correction could push prices down toward 91,000 USDT, with an extended downside scenario targeting 86,000 USDT. These levels would represent significant buying opportunities on a Strategic Horizon for 2025.
Factors to Monitor:
Volume and Momentum: A strong continuation requires sustained trading volumes and positive momentum above resistance levels.
Macroeconomic Environment: Market sentiment and external factors, such as interest rates and institutional adoption, could influence BTC's trajectory.
Volatility Risks: With BTC approaching new highs, increased volatility is expected, necessitating careful risk management.
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: (Buy)
Strategic target max: 140 000
Strategic target: 130 000
Tactical target: 116 000
Tactical support: 99 000
Tactical alternative bearish target: 91000 and 86000
Chart: Daily Basis (Candle Stick) - Logarithmic
Indicators: Exponential Moving Average (21/34/89) - RSI (21) 
Disclaimer: The content of this analysis should not be considered as a study, an investment advice or a recommendation concerning products, strategies or a particular investment opportunity. This content is strictly for illustrative, educational or informational purposes and is subject to change. Investors should not base their investment decision on the content of this site and are strongly recommended to seek independent financial advice for any investment they are considering.
