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Cryptocurrency News Articles

Bitcoin Futures Analysis Today – 13 January 2025

Jan 13, 2025 at 12:01 pm

This analysis of Bitcoin futures today is for educational purposes only and does not constitute financial advice. Trading in Bitcoin futures carries significant risk and may not be suitable for all investors.

Bitcoin Futures Analysis Today – 13 January 2025

Bitcoin futures traders will be closely watching the key levels today as the cryptocurrency continues to trade within a narrow range.

If Bitcoin futures cross above 96000, it would indicate price trading above today’s developing Value Area High (VAH) and surpassing the VWAPs of the past four trading days. This move would signal strong buying momentum in Bitcoin futures analysis today.

Bullish Profit Targets for Bitcoin futures are as follows:

98800 (Today’s Value Area High (VAH))

100000 Round Number Resistance

102000 Fib Extension Level

Bearish Below: 93800

If Bitcoin futures drop below 93800, the price would break beneath yesterday’s Value Area Low (VAL), signaling increased selling pressure.

Bearish Profit Targets for Bitcoin futures:

92000 (Yesterday’s Value Area Low (VAL))

90000 Round Number Support

88000 Fib Retracement Zone

Educational Insights for Bitcoin Futures Traders

VWAP and Bitcoin Futures Analysis Today

The Volume-Weighted Average Price (VWAP) is essential for analyzing Bitcoin futures. It provides a technical indicator that shows the average price of a security, weighted by the volume traded at each price point throughout the trading day.

For Bitcoin futures traders, the VWAP can be used to identify potential support and resistance levels, as well as to gauge the overall strength or weakness of a trend.

In this analysis, we are using the 4-period VWAP, which is the average price of Bitcoin futures over the past four trading days, adjusted for volume.

Value Area and Key Levels in Bitcoin Futures Today

This analysis of Bitcoin futures today is for educational purposes only and does not constitute financial advice.

Trading in Bitcoin futures carries significant risk and may not be suitable for all investors. Use this analysis as a guide, not a guarantee, and always trade at your own risk.

Visit ForexLive.com for more insights and updates.

This analysis provides a "map" for navigating Bitcoin futures today. Use the bullish and bearish thresholds to understand market sentiment and adjust your trading strategy accordingly, considering partial profit-taking to balance risk and reward.

News source:www.forexlive.com

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

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