Bitcoin traded above $100,000 on January 7, 2025, following a volatile Wall Street session. Analyst Aksel Kibar noted that a bearish 'head and shoulders' pattern may be invalidated if Bitcoin breaks through its current price, with a potential target of $116,000. Even a drop to $80,000 would not negate the bullish trend. Additionally, the 'cup and handle' pattern is showing promise, with analysts targeting prices of $140,000 and $125,000 depending on its success. Keith Alan highlighted that Fibonacci retracement levels could indicate resistance levels at $110,000 and $122,500, with the overall cycle top likely between $120,000 and higher based on technical analysis. Investors are urged to conduct their own research before making trading decisions, as all trading involves risk.

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