Bitcoin: Current Market Analysis and Key Levels

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Current data: Price: $118,161 ( +0.59% in 24 hours, +9.96% in 1 month) ATH (All-time high ): $122,670 - BTC is approaching a new record Funding rate: 0.0098% - neutral, no excessive long position Fear & Greed Index: 73/100 ( "Greed" ), but not to an extreme level. Chart Analysis:

  1. Bitcoin Cycle: The growth wave is clearly evident after each halving (2016, 2020). Currently, we are in the 2024-2025 phase - with the potential to reach a new ATH. 1200 days from the lowest point (~3.3 years) - a typical duration of a bull market cycle.
  2. Main levels: Support: $100K ( psychological level ), $80K ( accumulation zone for 2024 ) Resistance level: $122,000 (ATH), followed by $150,000 (next target if bullish)
  3. Volume: The price increase is accompanied by a volume increase ( reaching up to 2 million dollars on the chart), confirming the strength of the trend. What's next? Scenario 1: Break above $122,000 and consolidate - the path to $150,000 - $200,000 Scenario 2: Drop to $100,000 - $80,000 before rising again ( if the macro situation worsens ) Note: The funding rate and greed index still do not show bubble signals, but please keep a close watch. Trading Tips: Long-term holders: Accumulate when the price drops near $100,000 Short-term traders: Take partial profits near the $122,000 level and wait for breakout confirmation. Newcomers: Avoid FOMO - the market is still volatile Do you think BTC will set a new ATH record in 2025? Please share your thoughts below!
BTC0.92%
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