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DOGE Price Prediction for January 17 DOGE/USD The rate of DOGE has risen by 8.04% over the last 24 hours. On the hourly chart, the price of DOGE has made a false breakout of the local resistance of $0.4181. If the daily bar closes far from that mark, traders may seize the initiative, which may lead to a correction to the $0.40 area. On the bigger time frame, one should pay attention to the candle's closure in terms of the nearest level of $0.4230. If the candle's closure happens around it or above, an upward move is likely to continue to the $0.43-$0.44 range shortly. From the midterm point of view, the rate of DOGE is far from key levels. In this case, traders should focus on the weekly bar in terms of the previous candle's peak. If it closes above $0.40, there is a chance to see a test of the resistance of $0.48 by the end of the month. DOGE is trading at $0.4104 at press time.$DOGE

Why is Bitc$BTC oin Up? US CPI Inflation Rose 0.4% in December 2024 On Wednesday, January 15, 2025, the US Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) increased by 0.4% last month. "The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent on a seasonally adjusted basis in December, after rising 0.3 percent in November. Over the last 12 months, the all items index increased 2.9 percent before seasonal adjustment," the BLS commented. The higher monthly inflation reading caused the CME FedWatch tool to indicate a 30% probability of a rate cut at the March meeting. The cryptocurrency market, anticipating interest rate cuts, saw Bitcoin jump 1.4% to $98,500 immediately after the report, eventually reaching a local daily high of $99,400. This price action validated yesterday's bullish doji candle (or pin bar) formation, which emerged when BTC briefly dipped below $90,000. If the trend continues, surpassing the $100,000 level should only be a matter of time. This would pave the way for Bitcoin to retest its all-time high above $108,000. "Crypto remains a key indicator of risk assets, and with CPI and inflation figures exceeding expectations, this improvement is evident in current pricing,” Paul Howard, Senior Director at Wincent, commented for Finance Magnates. “As a leading liquidity provider in digital assets, we anticipate a highly volatile week ahead, particularly with the transition of administration in the US, which could result in +/-10% price swings for major assets like BTC, SOL, ETH, and XRP.”

Bitcoin has found support in the low 90K area (read my previous week's analysis). As long as 90K stays intact it is within reason to continue to have bullish expectations. Also wrote in the previous article that overly optimistic expectations are not in line with the developing price structure. Based on the inside bar formation that is developing now (see arrow), price is likely to test the 102,500 area minor resistance. IF it gets there, and what happens after is anyone's GUESS. The idea here is to be prepared for the coming week by coming to the market with a sense of context while at the same time being open to ANYTHING. The market decides what actually happens, the only thing we can do is adjust and follow. I like to think of everything within a limited range of scenarios. "If this scenario, then that" or "if this other scenario, then that other outcome". For example, IF the current candle closes as a doji and the high is cleared over the next day, price is likely to squeeze into the next resistance area which happens to be in the 102Ks (see thin rectangle). This information can help you to prepare for bullish setups and confirmations on smaller time frames to capture a portion of the 4K point potential. This is where a confirmation tool like my Trade Scanner Po comes into play. You come to the market with an idea and the tool provides an objective confirmation with defined risk and profit objective. IF the current candle develops into a bearish engulfing instead, that would cancel out the bullish idea and increase the likelihood of price retesting the 90K AREA support zone. A location where long setups should be anticipated UNTIL the level is compromised. Again the market moves first, and then from there we can better anticipate the following movement. At this point there is not much to do but wait for a confirmation one way or the other. The 100K area may also act as a psychological resistance so taking swing trades or positions with longer time horizons carries a lot more risk compared to signals around the low 90ks. [1/14, 10:46 PM] Ata Ullah: How you navigate the market depends heavily on the time horizon you choose. Smaller time horizons have smaller associated risk, but a larger amount of noise and false signals. Larger time frames are less noisy and offer larger movements, but the risk is much greater. It is possible to operate on multiple time frames but requires a decent amount of experience. And while Bitcoin is still generally bullish, that does not mean it will stay that way. It is better to keep an open mind than to get married to an opinion ESPECIALLY if the source of that opinion came from some "expert". For better perspective, keep an eye on the weekly or monthly time frame. If the low of the current monthly candle is compromised, some kind of corrective move is likely to follow, NOT BTC 1.2 million. $BTC

Bitcoin has found support in the low 90K area (read my previous week's analysis). As long as 90K stays intact it is within reason to continue to have bullish expectations. Also wrote in the previous article that overly optimistic expectations are not in line with the developing price structure. Based on the inside bar formation that is developing now (see arrow), price is likely to test the 102,500 area minor resistance. IF it gets there, and what happens after is anyone's GUESS. The idea here is to be prepared for the coming week by coming to the market with a sense of context while at the same time being open to ANYTHING. The market decides what actually happens, the only thing we can do is adjust and follow. I like to think of everything within a limited range of scenarios. "If this scenario, then that" or "if this other scenario, then that other outcome". For example, IF the current candle closes as a doji and the high is cleared over the next day, price is likely to squeeze into the next resistance area which happens to be in the 102Ks (see thin rectangle). This information can help you to prepare for bullish setups and confirmations on smaller time frames to capture a portion of the 4K point potential. This is where a confirmation tool like my Trade Scanner Po comes into play. You come to the market with an idea and the tool provides an objective confirmation with defined risk and profit objective. IF the current candle develops into a bearish engulfing instead, that would cancel out the bullish idea and increase the likelihood of price retesting the 90K AREA support zone. A location where long setups should be anticipated UNTIL the level is compromised. Again the market moves first, and then from there we can better anticipate the following movement. At this point there is not much to do but wait for a confirmation one way or the other. The 100K area may also act as a psychological resistance so taking swing trades or positions with longer time horizons carries a lot more risk compared to signals around the low 90ks. [1/14, 10:46 PM] Ata Ullah: How you navigate the market depends heavily on the time horizon you choose. Smaller time horizons have smaller associated risk, but a larger amount of noise and false signals. Larger time frames are less noisy and offer larger movements, but the risk is much greater. It is possible to operate on multiple time frames but requires a decent amount of experience. And while Bitcoin is still generally bullish, that does not mean it will stay that way. It is better to keep an open mind than to get married to an opinion ESPECIALLY if the source of that opinion came from some "expert". For better perspective, keep an eye on the weekly or monthly time frame. If the low of the current monthly candle is compromised, some kind of corrective move is likely to follow, NOT BTC 1.2 million. $BTC

Why Is the Price of Bitcoin Going Up? Bitcoin's price is rising due to a strong bullish pin bar forming above critical support levels, signaling strong buying activity. Market sentiment improved as Bitcoin rebounded from a two-month low of $89,398 to trade above $97,000. This movement reflects consolidation within the $92,000–$98,000 range, supported by technical indicators and broader market optimism. Will Bitcoin Rise Again? Bitcoin's price is expected to rise further based on technical analysis. If it breaks through key resistance at $103,000, it could test the all-time high of $108,000. Long-term projections remain optimistic, with some experts predicting significant gains by 2025, assuming market conditions remain favorable. Why Is Bitcoin So Valuable Today? Bitcoin's value stems from its status as a decentralized digital asset with limited supply, serving as a hedge against inflation and a potential store of value. Its increasing adoption, network security, and potential as a global reserve asset contribute to its high valuation. Why Did Bitcoin Fall Recently? Bitcoin's recent decline was driven by market reactions to expectations of prolonged higher interest rates from the Federal Reserve. Strong U.S. economic data reduced the likelihood of rate cuts, pressuring risk assets like cryptocurrencies. Additionally, shifting sentiment around pro-crypto policies under the upcoming U.S. administration added to market uncertainty. How Much Will Bitcoin Cost in 2025? Bitcoin's 2025 price predictions vary widely. Analysts forecast potential highs ranging from $180,000 (VanEck) to over $1 million (Arthur Hayes), depending on adoption trends, macroeconomic conditions, and regulatory developments. A more conservative estimate places Bitcoin at $180,000, reflecting steady growth without speculative excess.