Slobodan Drvenica
Windsor Brokers
Bitcoin
Bitcoin is holding within tight consolidation on Friday after falling 4.8% on Thursday (the biggest daily loss since Nov 9), but remains biased lower, weighed by fresh signals that interest rates could rise further.
Thursday’s close below the floor near-term consolidation range under multi-month high and dip below initial Fibo support at 22165 (23.6% of 15437/24243 rally) weakened near-term structure by generating reversal signal.
Large bearish daily candle, left on Thursday, weighs on near-term action along with rising bearish momentum on daily chart, keeping the downside at increased risk.
Bitcoin is also on track for the second consecutive weekly loss, which adds to negative signals.
Initial targets lay at 21172 (200DMA) and 20879 (Fibo 38.2%), with break lower to sideline larger bulls and open way for deeper correction and threaten to fill mid-Jan 19736/20874 gap.
Oversold condition suggest that bears may take a breather before resuming, with upticks to be ideally capped by 20DMA (22543) to offer better selling opportunities.
Only sustained break above 10DMA (22888) would neutralize and shift focus to the upside.
Res: 22000; 22165; 22543; 22888.
Sup: 21611; 21172; 20879; 20381.
-638116373560996124.png)
The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.
Recommended Content
Editors’ Picks
US SEC may declare XRP a 'commodity' as Ripple settlement talks begins
The US Securities and Exchange Commission (SEC) is considering classifying XRP as a commodity in its ongoing settlement talks with Ripple Labs. The SEC is considering classifying XRP as a commodity in its ongoing settlement talks with Ripple Labs.
Ethereum developers delay Pectra mainnet launch with new testnet Hoodi
Ethereum developers announced on Thursday that they will launch a new testnet, "Hoodi," to enable validators and infrastructure providers to adequately test the upcoming Pectra upgrade before mainnet deployment, according to Tim Beiko, who runs Ethereum's core protocol meetings.
Cardano Price Prediction: ADA could hit $0.50 despite high probability of US Fed rate pause
Cardano price stabilized above $0.70 after posting another 5% decline in its 3rd consecutive losing day. Multiple ADA derivatives trading signals are leaning bullish, but the US trade war impact outweighs the positive shift in inflation indices.
Stablecoin regulatory bill receives green light during Banking Committee hearing
The US Senate Banking Committee voted on Thursday to advance the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which aims to establish proper regulations for stablecoin payments in the country.
Bitcoin: Will Trump's Strategic Bitcoin Reserve and White House Crypto Summit support BTC recovery?
Bitcoin price extends its decline on Friday, falling over 5% so far this week. BTC uncertainty and volatility spikes liquidated $1.67 billion as the first-ever White House Crypto Summit takes place on Friday.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.