bullish

Bitcoin

Optimism

<ul class="wp-block-list cnl-post-highlights-list">
  
 <li>Bitcoin rebounds to $95,500 after dipping below $90,000, forming a bullish hammer.</li>   
 <li>Over $734M liquidated, with $152M in Bitcoin, highlighting volatility and trader risks.</li>   
 <li>Institutional outflows and macroeconomic events may pressure Bitcoin despite long-term optimism.</li> 
</ul>   
<p><a href="https://cryptonewsland.com/bitcoins-continued-resilience-allows-steady-growth-in-btc-price-113386/">Bitcoin—BTC</a>, bounced back to $95,500 on Tuesday after falling below $90,000 the day before. The dramatic drop caused over $734 million in liquidations, shaking the confidence of many traders. A bullish hammer on the chart signals potential recovery, but the risk of further volatility remains. With major macroeconomic events ahead, the market could face more turbulence. Should you act now or wait for confirmation? Let’s break down what’s happening.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/Washigorira/status/1879162389188518346 
 </div>
</figure>   
<h2 class="wp-block-heading" id="h-what-does-the-bullish-hammer-reveal">What Does the Bullish Hammer Reveal?</h2>   
<p>The <a href="https://www.investopedia.com/terms/h/hammer.asp">bullish hammer</a> suggests that buyers are stepping in. Bitcoin dropped to $89,256 during the recent sell-off but managed to recover and close above $94,500. This recovery highlights strength after significant pressure. However, the price correction caused over $152 million in Bitcoin liquidations, reminding traders of the dangers of high leverage during uncertain times.</p>   
<p>Institutional activity shows a less optimistic picture. <a href="https://www.nerdwallet.com/article/investing/spot-bitcoin-etf">Bitcoin Exchange Traded Funds</a> experienced $284.10 million in outflows on Monday. Outflows have continued steadily since January 8, signaling reduced confidence among institutional investors. If this trend intensifies, Bitcoin could face additional selling pressure, potentially testing key support levels.</p>   
<h2 class="wp-block-heading" id="h-patience-matters-in-this-market">Patience Matters in This Market</h2>   
<p>Optimism about <a href="https://cryptonewsland.com/pro-crypto-trump-secures-us-presidential-election/">pro-crypto regulation</a> under the incoming administration provides a glimmer of hope for the future. However, short-term risks remain high. Upcoming economic news could cause sudden price swings, leaving impatient traders exposed to losses.</p>   
<p>Waiting for the daily candle to close can provide clearer signals. A confirmed bullish hammer increases the chance of a sustainable recovery and helps traders avoid traps set by manipulation. Rushing into the market without confirmation often leads to unnecessary losses.</p>   
<p>The bullish hammer presents an opportunity, but patience is crucial in these uncertain conditions. Monitor the charts closely, focus on confirmed signals, and avoid impulsive decisions. Bitcoin remains strong in the long term, but careful planning is essential to navigate the short-term risks.</p>    
<p>The post <a href="https://cryptonewsland.com/bitcoin-prints-a-bullish-hammer/">Bitcoin Prints a Bullish Hammer: Should You Jump In or Wait?</a> appeared first on <a href="https://cryptonewsland.com">Cryptonewsland</a>.</p>

Bitcoin Prints a Bullish Hammer: Should You Jump In or Wait?

Table of Contents

Crypto News Land

Other articles published on Jan 15, 2025

XRP ETF Could Draw $8 Billion in Investment, Says JPMorgan

World’s First MiCA compliant Bankfi Network E Money Secures $5 Million from Top VC’s

Breaking: BitMEX Pays $100M for Violating Anti-Money Laundering Laws

Web3Bay’s $700K Presale: Your Second Chance at Bitcoin-Level Gains? Plus,Insights on XRP & TRON!

Dawn Internet Hack: How Telegram Bots Tricked Users Into Sharing Data

Global Trade Revolution? Web3Bay Reinvents eCommerce With Blockchain; Solana & TRON Drive Crypto ...

Join our free newsletter for daily crypto updates!