Cryptocurrency markets reversed a weak start to the week on news that Donald Trump reportedly plans signing sseveral crypto-related executive orders on his first day in office.
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Trader Notes: With Bitcoin prices dropping, crypto trader Jelle suggested it could be a "Red Monday, green week."
In another tweet, he highlighted that Bitcoin's daily candle is shaping up well, noting that a close above $92,500 would increase the likelihood of marking a bottom.
Crypto trader Rekt Capital emphasized the importance of a daily close above ~$91,000 to sustain the $91,000-$101,000 range and preserve the early-stage higher low on the RSI.
Meanwhile, crypto trader Seth views $170,000 as a conservative Bitcoin top target within a broader $150,000-$300,000 range.
This aligns with historical bull cycles where Bitcoin often overshoots expectations, depending on liquidity influx.
Seth added that if $170,000 is treated as a baseline, there's potential for further upside driven by macro conditions, institutional adoption, or retail FOMO.
Key factors like halving effects and global liquidity will play a major role in determining how realistic this target is.
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