This Week's Bitcoin Market Highlights 🚀

Key Takeaways:
Bitcoin reclaimed $100K, signaling optimism, but market fundamentals remain unchanged. CPI data initiated the rally, yet inflation concerns persist. Could $Trump's upcoming inauguration be the short-term catalyst?

📈 Trading Highlights:
Entry between $96K–97K proved fruitful, with Bitcoin bouncing back above $100K.
For spot buyers, focus on gradual purchases rather than perfect entry points.
Recommended picks: Hedera ($HBAR) and Stellar Lumens ($XLM).

🔍 $BTC Price Analysis (Jan 17):
Short-term targets: $102.8K–$103.3K, $104.5K. Profit-taking advised in these zones.
Low trading volume during the rise raises concerns. Failure to break $104.5K may lead to retests at $99.4K, $97.8K, and $96K.

💡 Market Commentary:
S&P 500: Still within a downward channel; key tech stocks showing weakness.
Gold: Approaching all-time highs, reflecting inflationary concerns.
Bitcoin: While outperforming, its current rally might hinge on $Trump’s inauguration expectations.

🛠️ Risk and Opportunities:
S&P’s failure to recover could drag Bitcoin down.
Another market dip may present a final accumulation opportunity before the next major rally.
Stay cautious but optimistic!

More info🔍https://t.co/waxB3Ig7ZY

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