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) 
 
 
 

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.