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Bitcoin has started 2025 with two consecutive days of positive returns, sparking optimism for a bullish January. A significant event on the horizon is Donald Trump’s inauguration on January 21st, marking the second term of the self-proclaimed “Crypto President.”
Trump’s impact on crypto markets is undeniable. His speech at Bitcoin 2024 triggered a rally. When he survived an assassination attempt, the markets surged. After his election victory, Bitcoin rallied again. The pattern is clear: Trump’s actions, whether deliberate or incidental, tend to energise the crypto market. Investors are anticipating a similar market response on January 21st, especially with rumors of a Strategic Bitcoin Reserve announcement circulating.
Bitcoin has twice rebounded this year from lows to trade back above $95,000. While the bearish structure remains intact, the $92,000–$93,000 support zone has proven robust. If Bitcoin continues to hold this level without falling below it, the likelihood of breaking a lower high and reclaiming a bullish structure grows significantly.
Stormrake Spotlight: Fantom (FTM) ($0.82)
Stormrake Spotlight: Fantom (FTM) ($0.82)
Fantom has been a standout performer over the last 24 hours, surging 20% since yesterday’s Morning Note. We maintain a bullish outlook on FTM, believing the Sonic migration will significantly bolster the project’s fundamentals. This could be an opportune moment to accumulate FTM at a discount while market sentiment remains cautious.
BTC/USD Key Levels and Price Action:
BTC/USD Key Levels and Price Action:
Bitcoin has regained bullish momentum, but the broader bearish structure persists. This morning, BTC rallied to test the 200 EMA, only to face rejection. It is now approaching the 21 EMA, which should act as support if bullish momentum is genuine. Additionally, new ascending monthly CPR pivots (dotted blue lines) have appeared. Historically, these pivots are revisited during the month, with the mid-bottom CPR aligning with a critical resistance level at $95,700. Traders should anticipate this zone to act as formidable resistance.
BTC Total ETF Flows for 1 Jan: $ N/A million
(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
ETH/USD Key Levels and Price Action:
ETH/USD Key Levels and Price Action:
Ethereum remains largely unchanged over the past few days, consolidating within a tight range. Momentum is slightly bearish but lacks significant direction. The bottom of the range is $3,300, with $3,430 marking the upper boundary. Until a breakout occurs, ETH is likely to continue oscillating between these levels.
ETH Total ETF Flows for 1 Jan: $ N/A Million
(ETF flow data is sourced from https://farside.co.uk/eth/ and reflects figures at the time of writing.)
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*All prices are denominated in USD unless stated otherwise*
Written by Alexandar Artis
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