BTC/USD: Sellers Capitulate January 15, 2025

Sometimes all you need is a 5 minute chart against the backdrop of a broader trend to realize where things are headed next. If you look at this first 5 minute chart, you'll see the price bounce off the EMA with volume so minimal that it appears the sellers have all but disappeared.

Below we have the two 5 minute windows that followed. You'll see the first was a test to the downside and then the next move back up with even greater volume than the previous 5 minute window. This is a very strong indication that the short-term indecisiveness of the market has resolved itself and the broader bull trend discussed in our article BTC/USD trading activity January 13th, 2025 will resume.

As of the time of publication, the above thesis has proven correct and Bitcoin is now back above $99,000.