BTC Next Move: Bullish Breakout or Major Correction?
Bitcoin (BTC) is currently trading at a critical crossroads. After weeks of intense volatility, the market seems to be bracing for its next "big move." With the January 30th Options Expiry approaching, the question on every trader's mind is: Are we heading to $100K or back to the $70Ks?
📊 Technical Outlook: The Key Levels
The Bullish Scenario (Upward Move): BTC is showing strong consolidation around the $88,000 mark. If we see a daily candle close above the $93,000 resistance, the path to the psychological milestone of $100,000 becomes clear. Strong institutional ETF inflows suggest that the "Buy the Dip" sentiment is still alive.
The Bearish Scenario (Downward Move): On the flip side, failure to hold the $85,000 support could trigger a wave of liquidations. If the bearish momentum continues, we might see a healthy correction toward the $78,000 - $74,000 zone, which would be a retest of previous breakout levels.
🔍 Macro Factors at Play
The market is currently reacting to shifts in global liquidity and a strengthening US Dollar. Additionally, as investors rebalance their portfolios for the new quarter, Bitcoin’s dominance is being tested. Keep a close eye on the RSI (Relative Strength Index)—if it stays in the neutral zone, we might see more sideways movement before the final breakout.
💡 Strategy for Traders:
In a high-volatility environment like this, patience is your best friend. Avoid high-leverage trades until the direction is confirmed post-expiry. Watch the $85k support and the $93k resistance levels like a hawk.
What’s your prediction? 🚀 or 📉? Let’s discuss in the comments! 👇
btc next move?