BTC/USD outlook: Cracks 100K barrier as sentiment brightens

Slobodan Drvenica Windsor Brokers

BTC/USD – quick rebound after recent strong downside rejection at key 90K support zone, probed through psychological 100K barrier, signaling that bulls are back to play.

The sentiment improved on news that incoming Trump’s administration will start overhauling US SEC cryptocurrency policies as soon as they take power next week.

Top Republican officials at the Securities and Exchange Commission will work on rules that will clarify when the cryptocurrency become a security, as well as work on ending a crypto crackdown lead by former SEC chair from the Democrat party.

Dynamic of works of new officials will directly reflect on crypto’s price action, with brightening outlook expected to continue to inflate the price.

Meanwhile, fresh bulls may show further hesitation at 100K barrier (reinforced by the top of thick daily Ichimoku cloud), as the price repeatedly fails to sustain gains above this barrier.

Partial profit taking in this zone (also due to overbought conditions on daily chart) would push the price lower, but dips are likely to be limited and mark positioning for final push higher.

Initial supports lay at 98300/98100 zone (10-period MA on 4-hr chart / Fibo 23.6% of 89039/100924 recovery leg), followed by 97570 (200-period MA on 4-hr chart), with extended dips not to exceed 96500 support zone.

Firm break of 100K to open way for test of 102770 (Jan 7 lower top) and unmask target at 103830 (Fibo 76.4% of 108400/89038).

Res: 100100; 102730; 103830; 104030.
Sup: 98300; 98100; 97570; 96400.

Author

Slobodan Drvenica

Windsor Brokers

Industry veteran with over 22 years’ experience, Slobodan Drvenica joined Windsor Brokers in 1995 when he was an active trader for more than 10 years, managing the trading desk and own account departments.

Arbitrum advances as Robinhood Chain fee-sharing boosts ecosystem and technical outlook

Arbitrum (ARB) trades above $0.08 erasing the losses recorded earlier this week. The price rally comes after an announcement by Steven Goldfeder, co-founder of Offchain Labs, that 10% of fees generated by Robinhood Chain and other Arbitrum Layer 2 will flow back to the ecosystem, boosting the Arbitrum long-term value.

Ripple and Stellar outlook: Extend downside as weakening technicals, US‑Iran tensions pressure prices

Ripple (XRP) and Stellar (XLM) extend losses, correcting over 6% and 10%, respectively, so far this week. XRP falls below $1.090, while XLM posts a fifth consecutive day of correction and closes below key support levels.

Crypto Market Overview: Bitcoin eyes $60,000 – Jupiter and Pi Network lead losses

Bitcoin is extending its losses on Thursday for the third consecutive day amid renewed tensions between the US and Iran. Risk-off market sentiment intensifies, with Jupiter (JUP) and Pi Network (PI) emerging as the biggest losers over the last 24 hours.

Bitcoin eyes extension of July rally after reclaiming $60K, but bear market risks remain — CryptoQuant

Bitcoin (BTC) could be positioned for further gains this month after reclaiming the $60,000 level, as historical July seasonality, improving demand and easing selling pressure point to stronger short-term momentum, according to a Wednesday market report by CryptoQuant. The report noted that July has historically been one of Bitcoin's strongest months, particularly during bear market cycles.

Bitcoin: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin (BTC) is up over 3% so far this week, trading above $61,800 at the time of writing on Friday after slipping to a 21-month low earlier this week. Institutional selling continued, with spot Exchange Traded Funds (ETFs) recording net outflows of over $520 million through Thursday, pointing to the eighth consecutive week of withdrawals.