BTCUSD Analysis: USDX is weak, and Bitcoin is set to rebound to the 100,000

Fundamental Analysis of BTCUSD BTCUSD Key Takeaways 

US inflation data: The year-on-year growth rate of the overall US CPI rebounded modestly to 2.9%, and the year-on-year growth rate of the core CPI unexpectedly fell from 3.3% last month to 3.2%. After the data was released, traders increased their bets on the Fed’s June rate cut as the lower-than-expected data eased people’s concerns about accelerating inflation, and the possibility of two rate cuts this year increased. 

Fed member speeches: New York Fed President Williams, The decline in inflation has shown a broad basis; Chicago Fed President Goolsbee pointed out that inflation is making progress and delinquency rates for cars and credit cards are rising; Richmond Fed President Barkin: Inflation is falling back towards the 2% target, and restrictive policies should be maintained to control inflation. 

U.S. retail sales data: Today, the United States will release the number of initial jobless claims for the week ending January 11 and the December retail sales monthly rate, which is known as the “horror data”. 

Technical Analysis of BTCUSD Daily and Hourly Charts BTCUSD Daily Chart Insights 

(BTCUSD Daily Price Chart, Source: Ultima Markets MT4) 

Stochastic oscillator: The indicator sends a bullish signal before entering the oversold area, suggesting that the bullish power of Bitcoin is still relatively strong. Yesterday, the fast and slow lines also crossed the 50 median line successively, and the short-term trend will still be mainly rising.

Head and shoulders top pattern: Bitcoin prices have been in a suspected head and shoulders top pattern since mid-November last year. Although it did not fall below the neckline 91180 price in the end, the market price still needs to be vigilant before it breaks through 102663. 

BTCUSD 1-hour Chart Analysis 

(BTCUSD H1 Price Chart, Source: Ultima Markets MT4) 

Stochastic oscillator: The indicator does not enter the overbought area, and it begins to entangle and oscillate, suggesting that the current upward momentum is short-term lacking. Be alert to the possibility that the market price may turn downward at any time after a short-term surge. Upper resistance: Although there is a possibility of reversal, the bullish trend has not changed because the exchange rate is still above the purple 13-period MA. Currently, the Asian session is blocked near the 61.8% Fibonacci extension line, and the next target is 103530, which is a proportional height. 

Pivot Indicator Insights for BTCUSD  

(BTCUSD M30 Price Chart, Source: Ultima Markets APP) 

According to Pivot Indicator in Ultima Markets APP, the central price of the day is established at 98600, 

Bullish Scenario: Bullish sentiment prevails above 98600, first target 101780, second target 102700; 

Bearish Outlook: In a bearish scenario below98600, first target 97070, second target 96150. 

How to Navigate the Digital Market with Ultima Markets 

To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you with valuable insights to empower your financial journey. 

For personalized guidance tailored to your specific financial situation, please do not hesitate to contact Ultima Markets. 

Join Ultima Markets today and access a comprehensive trading ecosystem equipped with the tools and knowledge needed to thrive in the financial markets. 

Stay tuned for more updates and analyses from our team of experts at Ultima Markets. 

—– 

Legal Documents 

Ultima Markets, a trading name of Ultima Markets Ltd, is authorized and regulated by the Financial Services Commission “FSC” of Mauritius as an Investment Dealer (Full-Service Dealer, excluding Underwriting) (license No. GB 23201593). The registered office address: 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius. 

Copyright © 2025 Ultima Markets Ltd. All rights reserved. 

Disclaimer   

Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.