BTCUSD BITCOIN WEEKLY GANN ANALYSIS UPDATE 25 JAN 2025
BTCUSD has broken out in 04 Nov 2024 week and therafter achieved a 6 figure high at 16 Dec 2024. We have seen consolidation between 92957 and 105351 for weeks together. Last week we made a new ATH at 109356. Gann has used many system to track the price vibrations. We can see both the highs on time coordinates on chart. Next important weeks for BTCUSD on charts are 17 Feb 2025 and 03 Mar 2025. Price staying above 105351 is positive and can be considered a new price cycle start.Note that we are yet to close above this after two ATH's. I will be watching where it goes till April 14 2025 which is the time to be vigilant in short term cycle.Above 105351 next major price hurdle is 115678. Bears can be active below 99154 so caution below this level. Happy Trading !!! N.B. Not a financial advice to buy or sell.With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
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