(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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