Fed hawkishness is ‘more important than Trump’ for Bitcoin
Institutional Crypto Research Written by Experts
👇1-10) While many touted Trump’s Bitcoin Reserve tweet as a game changer, we took a more measured approach, analyzing that an official congressional directive was likely still months away. Instead of chasing the hype, we saw it as an opportunity to lock in profits following the recent rebound.
👇2-10) We have nailed this Bitcoin zig-zag correction with precision. First, we warned that breaking below $95,000 would open the door to further downside (here), with a move below $92,800—the average entry price for short-term holders—triggering liquidations. We then anticipated a drop below $80,000 as an ideal risk/reward re-entry point (here), reinforcing this view when Bitcoin became oversold.
👇3-10) When Bitcoin pumped to $94,000, we cautioned in yesterday’s report that long positions should be closed (here), emphasizing that Bitcoin struggled to break the critical $95,000/$96,000 zone—a key level needed to invalidate the bearish broadening wedge structure. Additionally, we outlined why a Strategic Bitcoin Reserve is still months away (here) and warned that Bitcoin “could decline further if no concrete steps are announced.” We also highlighted one key analog chart formation a week ago, which has been a perfect roadmap for Bitcoin. The next few days will determine whether Bitcoin continues to follow this pattern.
Bitcoin: Ascending Wedge Pattern Break - Retest of Resistance Line
Our Interview from January 13 was spot on (watch it here)
