The Trust Layer for Market Analysts

Bitcoin has recently broken above the 55-period moving average, a level the analyst previously highlighted for observation. The market was consolidating for an extended period, with the Bitcoin price ultimately deciding to move towards the upside. This upward movement was anticipated, evidenced by the Fortuna line maintaining a positive direction during the consolidation phase. On the 4-hour chart, clear consolidation was observed. Looking at the daily timeframe, the market continues to exhibit strength. While many are anticipating a break above 100,000, the analyst advises against entering trades at current levels, emphasizing that the ideal entry was around 88,000. Entering now is considered high-risk. The current price range, specifically the region of 96,770 to 90,000 (stop-loss at 90,000), is not recommended for new entries. The immediate target for Bitcoin is projected to be around 106,000, potentially extending to 115,000 if the 106,000 level is sustained. This bullish outlook is expected to materialize by the end of January or over the next few months, including February and March. The weekly chart also supports a positive trajectory. The analyst stresses the importance of waiting for consolidation above the current range before considering new entries to mitigate risk. Protecting capital is paramount, and high-risk entries for potentially lower returns are discouraged. The altcoin market tends to follow Bitcoin's movements, and a bullish trend in Bitcoin could translate to altcoins if the Fortuna line for the total market cap (excluding Bitcoin) turns positive after its current indecisive state.