03.01.202509:55 Forex Analysis & Reviews: Trading Recommendations for the Cryptocurrency Market on January 3

Bitcoin and Ethereum have seen a rebound at the beginning of the year, recovering from significant support levels that had threatened the continuation of their uptrend late last December. While traders and investors are still in a holiday mindset, a key Boston-based investment bank, HC Wainwright & Co., stated that Bitcoin could see significant growth this year under optimal conditions. According to the bank's economists, Bitcoin's price could rise to $225,000. "Based on our analysis of historical price cycles, recent price dynamics, widespread expectations for a more favorable regulatory environment for digital assets in the US in 2025 under the new administration, the availability of spot ETF products in the US, and accelerated institutional adoption, we anticipate BTC will reach $225,000 by the end of 2025," the statement said.

The bank also noted that a 30% drop in Bitcoin's price should not be alarming, as it is typical for a bull trend. "Historically, BTC price dynamics have been closely tied to global liquidity, which has been trending downward since October," the statement added.

For now, as long as Bitcoin stays above $90,000, there is no cause for panic or talks of selling off at $70,000. The likelihood of the bull market continuing remains high.

For intraday cryptocurrency market strategies, I plan to focus on significant dips in the prices of Bitcoin and Ethereum, maintaining the expectation that the mid-term bull market trend will persist.

Below are the strategies and conditions for short-term trading.

Bitcoin

Buy Scenario:

I will buy Bitcoin today upon reaching an entry point at $96,767, targeting a rise to $98,028. At $98,028, I will exit purchases and sell on the rebound. Before buying on the breakout, ensure the 50-day moving average is below the current price and the Awesome indicator is in positive territory.

Sell Scenario:

Upon reaching an entry point at $95,977, I will sell Bitcoin today, targeting a decline to $94,690. At $94,690, I will exit sales and buy on the rebound. Before selling on the breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is in negative territory.

Ethereum

Buy Scenario:

I will buy Ethereum today upon reaching an entry point at $3453, targeting a rise to $3505. At $3505, I will exit purchases and sell on the rebound. Before buying on the breakout, ensure the 50-day moving average is below the current price and the Awesome Oscillator is in positive territory.

Sell Scenario:

I will sell Ethereum today upon reaching an entry point at $3421, targeting a decline to $3382. At $3382, I will exit sales and buy on the rebound. Before selling on the breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is in negative territory.