empty
02.01.2024 02:56 PM
Bitcoin made a bullish breakout of the $45k level: what to expect next?

Bitcoin begins 2024 by reaching a new local high above the $45k level. Recall that at the end of 2023, the cryptocurrency established a local high near the $44.9k mark, after which a correction began. As of January 1st, Bitcoin has made a bullish exit beyond the fluctuation range of $40.5k–$43.4k. The second day of the new year started with a bullish momentum for BTC, thanks to Asian markets.

This image is no longer relevant

The cryptocurrency continues its confident upward movement above $45k and has every chance to firmly establish itself above this psychological mark. The trend of increased growth in BTC/USD quotes may continue after the opening of the American trading session. Therefore, it is logical to assume that the $50k level will become the new major target for Bitcoin.

Bullish Sentiments are Growing

It's no secret that this week could decide the fate of several applications for the approval of a spot BTC-ETF. The deadline for the U.S. Securities and Exchange Commission to approve the first batch of applications is approaching, and according to Bloomberg reports, such approval is expected. Against this backdrop, there is a positive sentiment in the market after the opening of the trading session following the holidays, especially among large investors.

It is reported that institutional investors are opening long positions on BTC with a significant premium on the CME, which is a rare occurrence and indicates high interest from large capital in the asset. The last time "whales" opened positions with a significant premium, BTC/USD quotes increased by more than 25%. Glassnode also reports that on December 30th, investors withdrew more than 28,000 BTC ($1.1 billion) from cryptocurrency exchanges, which is the maximum for the year.

This image is no longer relevant

Such activity from large capital is undoubtedly linked to the upcoming approval of one or more BTC-ETF applications. The head of VanEck stated that the cryptocurrency market will become the most interesting segment for investment, and Bitcoin is awaiting a powerful bullish rally. At the same time, Goldman Sachs notes that the approval of a BTC-ETF could become a "sell the news" event. However, analysts are confident that the approval of BTC-ETFs will attract more institutional investors to the cryptocurrency space.

BTC/USD Analysis

Bitcoin ended 2023 in a state of uncertainty due to the potential formation of several technical analysis figures—double top and triangle. As a result of a strong bullish impulse on the first and second of January, we witnessed the execution of the "triangle" figure. Bitcoin made an upward breakout of the $43.4k resistance level, and subsequently the $44.9k level. The "double top" figure lost its relevance, but there is still a possibility of forming a "triple top" pattern.

This image is no longer relevant

However, the chances of such a figure forming in this situation are minimal, as after a local consolidation within the range of $40.5k$–43.4k, an upward trend formed. Each subsequent low was higher than the previous one, indicating an increase in buying activity, and as a result, a minimal probability of forming a "triple top" pattern.

Summary

Bitcoin kicks off the new trading year powerfully, and events such as the approval of a spot BTC-ETF, the halving, and the reduction of Federal Reserve interest rates will allow the asset to update its all-time high. As for short-term targets, the final consolidation above $45k and creating a foundation for further growth will be the main objective for the bulls. A breakout and consolidation above $50k can be considered the main medium-term target for the bulls, which will become much more feasible after establishing a foundation at $45k.

Artem Petrenko,
Analytical expert of InstaForex
© 2007-2025
选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

比特幣在24小時內從 $96,600 上漲至 $104,500

比特幣已升至 104,500 美元,而就在昨天上午,其價格還在 96,600 美元交易。這一果斷突破 100,000 美元大關的走勢,明顯表明加密貨幣市場強勁的看漲動能正在回歸。

Jakub Novak 14:49 2025-05-09 UTC+2

5月9日加密貨幣市場交易建議

比特幣已經突破了 $100,000,而以太坊正試圖穩定在 $2,000 之上。 在昨天的強勁反彈之後,這一漲勢在今天的亞洲交易時段持續,比特幣目前交易價為 $103,000,曾觸及 $104,700。

Miroslaw Bawulski 09:46 2025-05-09 UTC+2

以太坊加密貨幣當日價格走勢技術分析,2025年5月9日,星期五。

若查看以太坊加密貨幣的 4 小時圖表,可以觀察到其價格走勢位於 WMA (30 Shift 2) 之上,該移動平均線亦呈現上升趨勢,這意味著加密貨幣的運動動能仍處於增強狀態。然而,根據隨機震盪指標(Stochastic Oscillator)顯示已達超買狀態,並準備交叉形成賣出信號,這也暗示在不久的將來 #ETH 可能會存在向略高波動率價值缺口(Bullish Fair Value Gap)區域約 2005.49 附近進行修正的潛力。

Arief Makmur 06:27 2025-05-09 UTC+2

比特幣加密貨幣日內價格走勢的技術分析,2025年5月9日,週五。

在比特幣加密貨幣的4小時走勢圖上,隨機震盪指標顯示處於超買狀態,並準備形成賣出信號,跌破80(超買)水平,這表明近期比特幣有可能會調整至看漲公平價值差距區域。但只要調整不跌破並收低於99049.38水平,比特幣仍有可能再次增強至105185.84水平。

Arief Makmur 06:27 2025-05-09 UTC+2

比特幣:是誰推動價格上升——鮑威爾、美國財政部,還是空頭回補?

雖然股票指數保持停滯不前,黃金在歷史高位附近整固,而比特幣再次吸引人們的目光。加密貨幣市場的旗艦項目已接近心理上重要的$100,000水平,這並不是因為炒作或情緒波動,而是受全球經濟和政治基本變化的驅動。

Ekaterina Kiseleva 00:28 2025-05-09 UTC+2

5月8日加密貨幣市場的交易建議

比特幣達到接近 $100,000 的水平,而以太坊則攀升至 $1,900。加密貨幣市場的如此大幅增長,再次證實了其樂觀的上升前景,這一點最近已被廣泛討論。

Miroslaw Bawulski 09:22 2025-05-08 UTC+2

比特幣關鍵時刻:突破還是反轉?

比特幣的價格正接近一個心理上具有重大意義的門檻,市場參與者正在準備迎接另一波上升趨勢或者可能會抹去短期樂觀預期的突然逆轉。 更多的圖表和行為模式正在浮現,這些模式讓人想起歷史上漲勢之前的場景。

Ekaterina Kiseleva 01:16 2025-05-08 UTC+2

加密市場開盤迎來強勁增長

美國股指期貨在今日交易時段開盤時大幅上漲,原因是美國和中國的代表已經恢復有關貿易問題的磋商。媒體報導顯示,美國財政部長Scott Bessent和貿易代表Jamison Greer將於5月10日至11日在瑞士與中國官員會面。

Jurij Tolin 14:14 2025-05-07 UTC+2

5月7日加密貨幣市場交易建議

比特幣和以太坊在積極的加密貨幣立法消息中顯示進一步增長 比特幣目前交易價為$96,700,已從$93,400的低點回升,而以太坊在亞洲交易中更新至$1764水平後已回升至$1835區域。儘管民主黨異議不斷增強,並且共和黨內部存在分歧,美國參議院最早將於明日就一項具有里程碑意義的穩定幣法案進行投票。

Miroslaw Bawulski 10:32 2025-05-07 UTC+2

比特幣蓄勢待發:市場準備迎接下一波浪潮

比特幣目前在 $93,000 至 $94,000 之間交易,距離5月2日創下的近期本地高點 $97,900 約低 0.5%。市場波動性已經減少,似乎處於靜止狀態。

Ekaterina Kiseleva 01:23 2025-05-07 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.