Prediction Bitcoin this week, 06-01-2025

Greetings to you on the crypto site. My name is Viktor and today I will share my opinion about #bitcoin, #btc-usdt, using the TradingView service, here Prediction Bitcoin this week, 06-01-2025

Prediction Bitcoin

Bitcoin: In-depth Analysis of the Current Situation and Forecast for the Week
The end of the year brings new opportunities for the #1 cryptocurrency — Bitcoin. In this article, I will take a detailed look at the current state of the market, analyze technical indicators, key factors affecting the price, and give a forecast for the coming week. The main goal is to help you understand what scenarios are possible and how to effectively plan your actions.

Introduction: What is happening with Bitcoin now?
After reaching the landmark mark of 100 thousand USD, Bitcoin has entered a short-term correction phase. The price is fluctuating between 97 thousand and 100 thousand USD, and the main question is whether BTC will be able to break new resistance levels. In this article, I use analysis tools, including RSI, liquidation heat map, BTC dominance indicators, and other key metrics to understand what awaits us next.

Technical Analysis: Levels, Indicators, and Trends

1. BTC Chart: What Does the RSI Tell Us?
   Monthly chart:
   RSI is moving up towards the overbought zone, indicating a further uptrend. A similar situation was already observed in 2021, when Bitcoin reached an all-time high. The upside potential is still large, and the overbought zone has not yet been reached.

Daily chart:
RSI on the daily timeframe shows signs of a temporary correction. In the coming days, a test of the support levels at 97-98 thousand USD is possible, after which a return to growth is likely.

2. Liquidation Heat Map
   Analysis of liquidation levels on Binance shows a significant accumulation of positions in the range of 97-98 thousand USD. If these levels are collected by whales, we can expect a further move to 110 thousand USD. On the other hand, a breakdown of the support at 97 thousand could cause a more serious decline, but this scenario is unlikely.
3. Trend Indicator and Market Strength
   Trend indicators on the daily chart confirm the upward trend. The growth is supported by an increase in trading volumes, which indicates active investor participation.

Influence of Macroeconomic Factors

1. Gold and the Stock Market
   Gold is in a correction phase, and its decline may attract investors’ attention to Bitcoin as an alternative asset. The situation on the stock market also affects the cryptocurrency. If stocks continue to show volatility, Bitcoin will become more attractive to institutional investors.
2. Bitcoin Dominance
   BTC dominance remains at 57%, which indicates that investors are focusing on the main cryptocurrency. However, a decrease in this indicator to 45% may open the door to an alt season, when altcoins will begin to show more significant growth.
3. USDT Overflow
   The total volume of USDT in circulation is gradually decreasing, which indicates an active overflow of funds into crypto assets. This indicates that investors are willing to take risks by investing in cryptocurrency instead of keeping them in stablecoins.

Weekly Forecast
Based on the analysis, several key scenarios can be identified:

Movement to 110 thousand USD: If Bitcoin holds above 97 thousand USD, we can expect a test of the 110 thousand USD level this week.
Temporary decline: A short-term drop to 97 thousand USD levels is possible to collect liquidity, but this will not disrupt the overall upward trend.
Stabilization and accumulation: The market may enter a consolidation phase before the next major upward movement.

Conclusion
Bitcoin continues to demonstrate strength, even despite temporary fluctuations. Technical indicators, macroeconomic situation and general market sentiment indicate that the coming months will be very promising for the main cryptocurrency. Watch for key levels — 97, 110 and 130 thousand USD — they will become guidelines for further analysis.

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• Дивитись відео: Біткоїн — Прогноз на Тиждень, 06-01-2025
• 📌 Source: cryptoviktor.com/btc/