Bitcoin (BTC) Price Grinds Higher, Nachi Projects Breakout Above $110K in February

Cryptocurrency markets are rising on Thursday, fueled by positive developments in the broader market and a 25-basis point rate cut announced by the European Central

Cryptocurrency markets experienced a surge on Thursday, largely influenced by positive developments in the broader market and a 25-basis point rate cut announced by the European Central Bank (ECB).

The crypto market displayed resilience, remaining largely unaffected by the FOMC meeting and the announcement of another 25-basis point rate hike.

This resilience is attributed to the anticipation of Trump and central banks accumulating more Bitcoin, setting the stage for a Bitcoin-driven season.

Crypto trader Ali Martinez observed a sell signal on the 4-hour chart for Bitcoin, anticipating a price correction.

Meanwhile, Crypto Bully noted that Bitcoin is grinding higher on lower volume and slowing near previous highs with just one day left before the weekend.

He advises waiting patiently for major swings.

According to Nachi, the FOMC had little impact on the market, as expected.

He projects that Bitcoin is in the first wave of wave 3, eyeing a breakout above $110,000 and a push past $120,000 in February.

Rising MarketsThe cryptocurrency markets rose on Thursday, extending gains after a 25-basis point rate cut by the ECB and positive developments in the broader market.

The crypto market has shown resilience despite the Federal Open Market Committee (FOMC) meeting and announcement of another 25-basis point rate hike.

This resilience is due to the anticipation of Trump and central banks accumulating more Bitcoin, setting the stage for a Bitcoin-driven season.

Bitcoin (BTC) prices crossed the $105,000 mark, showing a gain of 0.8% over the past 24 hours.

However, crypto trader Ali Martinez anticipates a sell signal on the 4-hour chart, expecting a price correction.

Meanwhile, Crypto Bully observes that Bitcoin is grinding higher on lower volume but is slowing near previous highs with just one day left before the weekend.

He advises waiting patiently for major swings.

Finally, crypto trader Nachi notes that the FOMC had little impact on the market, as expected.

He projects that Bitcoin is in the first wave of wave 3, eyeing a breakout above $110,000 and a push past $120,000 in February.

The TD Sequential indicator presents a sell signal on the #Bitcoin $BTC 4-hour chart, anticipating a price correction! pic.twitter.com/W4LAoVSklZ

— Ali Martinez (@ali_cryptomart) January 26, 2023

Bitcoin is grinding higher on lower volume but slowing near previous highs with just 1 day left before the weekend. Waiting patiently for major swings.

Next: Markets, Tech Stocks, S&P 500 Futures - ProFinance.comhttps://t.co/0000000000

— Crypto Bully (@CryptoBully7) January 26, 2023

FOMC had little impact on the market as expected, with Trump and central banks continuing to accumulate bitcoin.

This is a bitcoin-driven season, reinforcing the bullish outlook for February and March.

He projects that bitcoin is in the first wave of wave 3, eyeing a breakout above $110k and a push past $120k in February.

Top GainersThe top cryptocurrency gainers over the past 24 hours include:

Trader NotesDespite the rise in cryptocurrency markets, some traders are anticipating a sell signal for Bitcoin.

Crypto trader Ali Martinez observed a sell signal on the 4-hour chart for Bitcoin, anticipating a price correction.

Meanwhile, Crypto Bully advises waiting patiently for major swings, as Bitcoin is grinding higher on lower volume and slowing near previous highs with just one day left before the weekend.

Finally, crypto trader Nachi projects that Bitcoin is in the first wave of wave 3, eyeing a breakout above $110,000 and a push past $120,000 in February.

The TD Sequential indicator, a technical analysis tool used to identify potential turning points in price trends, has presented a sell signal on the 4-hour chart for Bitcoin, suggesting that a price correction may be in the near future.

Crypto trader Ali Martinez shared a screenshot of the indicator on his Twitter page, highlighting the sell signal.

This indication suggests that traders may want to prepare for a potential sell-off in Bitcoin prices.

In other trader notes, Crypto Bully observed that Bitcoin is grinding higher on lower volume but slowing near previous highs with just one day left before the weekend.

This observation suggests that traders may want to wait patiently for major swings in Bitcoin prices before making any trades.

Finally, crypto trader Nachi noted that the Federal Open Market Committee (FOMC) meeting and announcement of another 25