- BitcoinZella
- Posts
- Bitcoin Price Watch: Key Levels to Watch for $100K Retest
Bitcoin Price Watch: Key Levels to Watch for $100K Retest
Bitcoin nears critical levels, with $100K support in focus and $106K a key breakout target.
Joe G & Money Talks
January 22, 2025 • Estimated Reading Time: 7 minutes
What we will talk about today...
Bitcoin Price Watch: Key Levels to Watch for $100K Retest
Why is Solana (SOL) Price Up Today?
Crypto Under Trump: "Golden Age" Begins Amid Optimism for Bitcoin and Policy Clarity
Bitcoin nears critical levels, with $100K support in focus and $106K a key breakout target.
It's looking good so far.
The corrective wave 4 seems to be finished for $BTC and the #Altcoins market.
Bitcoin is trading well above the local POC, suggesting a bullish continuation.
The only thing that kinda concerns me is the high likelihood of… x.com/i/web/status/1…
— Patric H. | CryptelligenceX (@CryptelligenceX)
6:35 AM • Jan 22, 2025
Main Points:
Bitcoin’s $100K support may face a retest as liquidity weakens.
Resistance at $106K-$110K must break for new highs.
Analysts identify a path to all-time highs with key daily closes.
Detailed Insights:
Key Support at $100K: A bid liquidity gap at $100K leaves Bitcoin vulnerable to a retest, according to Material Indicators.
Major Resistance Levels: Resistance at $106K and a sell wall at $110K are key hurdles for bulls.
Daily Close Targets: Analysts suggest a daily close above $106K can pave the way for all-time highs.
Confluent Support Zone: $101K-$106K acts as a consolidation range, supporting breakout potential.
Price Discovery Potential: Sustained closes above $108K may signal entry into uncharted territory.
Elliott Wave Signals: Recent corrections might indicate bullish continuation, per Cryptelligence.
#BTC
The confluent support area (green circle) has indeed acted as a floor that has enabled consolidation within the $101k-$106k range
Bitcoin is once again challenging the Range High for a breakout attempt from the range
Daily Close above the $106k resistance followed by a… x.com/i/web/status/1…
— Rekt Capital (@rektcapital)
5:50 PM • Jan 21, 2025
Bitcoin’s trajectory hinges on breaking resistance and defending $100K support, setting the stage for either consolidation or historic highs.
WHAT WE RECOMMEND😉
To have an Invested Mind, we need Entertainment. Here are some Entertaining, Exciting, and Useful sites for You
|
|
Just Clicking The Subscribe Button Helps Us Continue
For Free Forever
Why is Solana (SOL) Price Up Today?
Solana’s price surged due to increased network activity, potential ETF approval, and bullish technical indicators. The token has gained over 35% in the past week, trading at $257.
@godbole17 $400? Amateur hour. My quant models suggest $500 is conservative. Solana's just warming up - wait till you see what happens when institutional money really starts flowing
— KOLIN (@kolin_ai)
5:08 AM • Jan 22, 2025
And the magnet continues its legacy.
$SOL & $RAY both going towards the targets I shared
Been calling out Solana ecosystem since last month when we saw $SOL under $200.
Kept saying it was the easiest bet for a reason.
Tbh, I feel we see $500+ on $SOL this cycle! x.com/i/web/status/1…
— Momin (@mominsaqib)
12:20 PM • Jan 21, 2025
Main Points:
Network Activity Surge: Daily transactions and total value locked (TVL) on Solana hit new highs.
ETF Approval Buzz: Anticipation of a spot Solana ETF approval fuels investor confidence.
Bullish Technical Setup: Analysts predict SOL may reach $500 or higher based on chart patterns.
Detailed Insights:
Network Activity Boost: Recent memecoin activity on Solana has driven daily transactions from 45,881 to record levels. TVL reached $12 billion on Jan. 20, marking a 212% increase in seven days.
ETF Approval Speculation: Polymarket indicates a 92% chance of ETF approval in 2025. Major asset managers, including Grayscale and VanEck, have submitted applications.
Technical Indicators: SOL’s weekly chart confirms a bullish flag pattern, suggesting a target of $580. The relative strength index (RSI) at 62 indicates room for further growth.
Market Sentiment: Analysts view $500 as a conservative target, citing potential institutional inflows to propel Solana’s price higher.
Also worth noting the main guy behind REX isnt some rando come lately issuer but rather an early pioneer in the industry, with decades of experience, eg he birthed $VXX and a bunch of other ETPs
— Eric Balchunas (@EricBalchunas)
5:22 PM • Jan 21, 2025
We are so back. Here's a massive list of all the current digital asset ETF filings that I'm aware of:
— James Seyffart (@JSeyff)
5:19 PM • Jan 21, 2025
Solana’s price rally reflects strong fundamentals and growing market optimism. With a potential ETF approval on the horizon and robust technical indicators, SOL’s bullish momentum appears sustainable.
₿itcoin reached $104,940. +2.07%
♢Ethereum reached $3,296. +0.42%
While President Trump’s inauguration sparked a "golden age" for America, his silence on Bitcoin and crypto left the industry eager for clarity. Despite no immediate executive orders on digital assets, experts foresee significant moves on the horizon.
To commemorate the inauguration of Donald J. Trump as the 47th President of the United States, $WLFI is proud to announce the following strategic purchases today:
$47,000,000 ETH
$47,000,000 wBTC
$4,700,000 Aave
$4,700,000 LINK
$4,700,000 TRX
$4,700,000 ENAExcited for the… x.com/i/web/status/1…
— Donald Trump Jr. (@DonaldJTrumpJr)
12:11 AM • Jan 21, 2025
Last week, on Monday, #Bitcoin took the liquidity and was at $88K.
Now, #Bitcoin is at $108K and a new ATH is printed.
What's next?
No clue. However, if Bitcoin stays above $100K, we'll likely continue trending upwards.
Dollar -> weaker, Yields -> lower = altcoins are up.
— Michaël van de Poppe (@CryptoMichNL)
10:56 AM • Jan 20, 2025
Main Points:
Trump’s Inaugural Focus: Economic strength and unity were key themes, with no crypto mentions.
Bitcoin Milestones: BTC hit $109,020 but retraced to $103,000, fueled by market uncertainty.
Potential Executive Orders: Hints of crypto council formation and CBDC ban stoke anticipation.
Trump Family Investments: $120M allocated to Ethereum, Bitcoin, and major altcoins by Trump’s DeFi project.
Regulatory Shifts: Pro-crypto leaders appointed to SEC, CFTC, and FDIC.
Detailed Insights:
Inauguration Recap: Trump’s speech promised a "golden age" but omitted digital assets despite crypto ties through meme coins.
Bitcoin’s Surge and Dip: Reaching record highs before inauguration, Bitcoin’s pullback reflects profit-taking and regulatory uncertainties.
Regulatory Optimism: Prominent figures like Eleanor Terrett and Jeremy Allaire anticipate pivotal executive orders, including potential easing of crypto asset restrictions.
Institutional Moves: Trump Jr.’s DeFi investments signal confidence in blockchain, aligning with market optimism.
Leadership Changes: Pro-crypto advocates—Mark Uyeda (SEC), Caroline Pham (CFTC)—hint at a favorable regulatory environment.
Market Forecasts: Experts predict Bitcoin’s resilience above $100K is key to continued momentum, with altcoins gaining strength.
While Trump’s crypto silence on day one left questions, leadership shifts, potential executive orders, and strong institutional investments suggest promising days ahead. Analysts urge patience as the administration’s crypto roadmap unfolds.
CAN YOU PREDICT THE PRICE?
Bitcoin Price Prediction for Tomorrow?🤔 |
HOW DID WE DO? 🤷
We read every comment submitted in this poll and love to hear what you guys have to say. 😁 (bonus points for suggestions 🍪) What did you think of today's Newsletter? Don't worry, you won't hurt our feelings... 🥲 |
Stay Tuned For More Twists and Turns in
🚀The Crypto World & Happy Investing🚀
This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results