LNMTrader's Bulletin 📈📋

Monday, January 13, 2025

☕️ TL;DR: Some Notes

🔹Are we going to see bitcoin decoupling from tradfi this year? (What do you think?)

🔹Bitcoin is currently trading around $94,000, with a bearish sentiment among both the general crowd and smart money investors. There's discussion around Bitcoin's struggle to break through resistance levels, with some traders expecting a revisit to lower price points like $91,000.

🔹The anticipation of further institutional adoption, particularly with the influence of Bitcoin ETFs and potential regulatory changes under a new U.S. administration, is a significant trend. Some analysts predict Bitcoin could hit new highs, with forecasts ranging from $180,000 to $250,000 by the end of 2025, driven by institutional investment and clearer regulatory frameworks. (What's your prediction, anon?)

🔹Discussions around Bitcoin potentially being adopted as a strategic reserve by nations or significant institutions are heating up, especially with mentions of a possible U.S. Bitcoin reserve, although the probability is considered low by some analysts.

🔹Decreasing Bitcoin balances on centralized exchanges are being interpreted as a sign of increasing confidence in Bitcoin's long-term value or concerns about exchange risks, suggesting a trend toward long-term storage in private wallets.

🍜 SHORT-TERM FORECAST:

🔸January 13, 2025: Bitcoin might peak at $100,903.12, with resistance at $96,200. (If so, that would come after a very choppy market, be careful).

🔸January 14, 2025: Possible correction to $86,000 after hitting highs.