BTCUSD Binance Futures Analysis
January 23, 2025
Bitcoin continues to hold above $100,000, confirming buyer dominance.
Market Conditions
Current Range: Over the past 5 days, the price has been trading within the $100,000–$107,000 range, stabilizing near key levels.
Support: Below $96,500, the trend is likely to be invalidated.
Resistance: $107,000, above which a bullish breakout could continue.
Main Scenario: Further Uptrend
Bitcoin's price remains bullish as long as it trades above $96,500.
Target Levels:
First Target Zone: $119,730–$121,000
Second Target Zone: $138,560–$140,000