Stock market analytics, financial forecasts

Forexmart's Market Analysis section provides up-to-date information about the financial market. The overviews are intended to give you an insight into current trends, financial forecasts, global economic reports, and political news that influence the market.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Trading Signals for BITCOIN (BTC/USD) for January 30-31, 2025: buy above $105,000 (21 SMA - 5/8 Murray)
22:00 2025-01-29 UTC--6
Exchange Rates analysis

Early in the European session, Bitcoin (BTC/USD) is trading above the psychological level of $100,000 and above the 21 SMA and 200 EMA. The crypto is likely to see an upside move in the coming days and could reach 7/8 Murray at 109,375.

Bitcoin has a bearish trend channel forming since January 19. It is likely that if it consolidates above $105,000, it could extend its bullish movement so that the price could reach 106,250, 109,375 and even 8/8 Murray at 112,500.

On the contrary, if Bitcoin falls below 103,500 or below 5/8 of Murray, we could expect the bearish cycle to resume and the price could reach 102,226 (21 SMA) and even the bottom of the bearish trend channel around 3/8 of Murray located at 96,875.

Bitcoin is at a key point as we could expect a recovery in the next few days and it could reach the $110,000 area. However, in the medium term, Bitcoin is expected to reach the $80,000 level, as technically a strong overbought trend is observed on weekly charts.

Our trading plan for the next few hours is to sell Bitcoin if it breaks below the downtrend channel around $104,000, with targets at 102,200, 100,230 and finally, 96,875.


    






Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at First Floor, SVG Teachers Co-operative Credit Union Limited Uptown Building, Corner of James and Middle Street, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2025 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.