Bitcoin Short Term: bullish bias above 97000
Jan 27, 2025 9:22 AM
long positions above 97000 with targets at 116000 & 131000 in extension.
Pivot: 97000
Our preference:
long positions above 97000 with targets at 116000 & 131000 in extension.
Alternative scenario:
below 97000 look for further downside with 90000 & 80000 as targets.
Comment:
the break above 97000 is a positive signal that has opened a path to 116000.
Supports and resistances:
140000
131000
116000
99453 Last
97000
90000
80000
Our preference:
long positions above 97000 with targets at 116000 & 131000 in extension.
Alternative scenario:
below 97000 look for further downside with 90000 & 80000 as targets.
Comment:
the break above 97000 is a positive signal that has opened a path to 116000.
Supports and resistances:
140000
131000
116000
99453 Last
97000
90000
80000
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