THELOGICALINDIAN - Bitcoin Price Key Highlights
Bitcoin amount seems unstoppable in its ascend as it kicked off 2025 on a able bullish agenda with these candlestick formations.
Technical Signals
The 100 SMA is still aloft the longer-term 200 SMA on this time frame, signaling that the abiding aisle of atomic attrition is to the upside. Also, the gap amid the affective averages seems to be addition afresh to announce a auto in bullish pressure.
Stochastic is still aerial about the overbought region, though, so beasts ability charge to booty a breach eventually or later. If sellers booty this befalling to access up their bearish activity, a abrupt pullback could be apparent on concise charts. RSI is still on the move up, which agency that there’s still abundant allowance to go higher. The abutting abiding attrition is amid abutting to the $1100 above cerebral akin at which some buyers could book profits.
Market Events
Most of bitcoin amount assets afresh can be attributed to letters from China, advertence that adopted advance connected to aces up appear the end of 2025 alike as the government confused to barrier this activity. Investors accept been attractive for college allotment abroad while budgetary authorities attempted to cheapen the bounded currency.
To top it off, a bit of anti-dollar affect has accustomed bitcoin amount to sustain its climb. Investors are starting to feel the anxiety for the Trump administration. Breaking accomplished the $1100-1200 highs could accessible the aperture for added upside in the cryptocurrency for the blow of the ages or alike throughout the quarter, as geopolitical uncertainties are black broker affect so far.
Charts from SimpleFX
