Bitcoin Market Update Video An updated look at BTCUSD price action and technicals, using the daily, weekly, and monthly chart. Indicators used: Bollinger Bands LMACD RSI ADX SuperTrend 50 MA daily and weekly Parabolic SAR TD Sequential Ichimoku Overall, market is looking bullish. Momentum is weak, however, and could deliver one more plunge lower before moving higher. This week's close should be telling. Above $106,150 is ideal for a daily close. Above $104K for weekly.
Published Jan 24, 2025Updated Jan 24, 20252 min read
Bitcoin Market Update Video An updated look at BTCUSD price action and technicals, using the daily, weekly, and monthly chart. Indicators used: Bollinger Bands LMACD RSI ADX SuperTrend 50 MA daily and weekly Parabolic SAR TD Sequential Ichimoku Overall, market is looking bullish. Momentum is weak, however, and could deliver one more plunge lower before moving higher. This week's close should be telling. Above $106,150 is ideal for a daily close. Above $104K for weekly.
