{"id":69189,"date":"2026-01-24T13:01:31","date_gmt":"2026-01-24T13:01:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=69189"},"modified":"2026-01-24T13:01:31","modified_gmt":"2026-01-24T13:01:31","slug":"bitcoin-approaches-key-monthly-close-here-are-3-likely-scenarios","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=69189","title":{"rendered":"Bitcoin Approaches Key Monthly Close \u2014 Here Are 3 Likely Scenarios"},"content":{"rendered":"
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In the last week, Bitcoin suffered another correction wave with prices dropping to around $88,000 as the crypto market continues to face a weak investor appetite. While the premier cryptocurrency has experienced some slight relief, an approaching monthly close indicates the market is at a critical juncture that could define its price direction for February.\n<\/p>\n

Bitcoin Market Weighs Rebalance Or Complete Breakdown<\/b><\/h2>\n

According to seasoned analyst KillaXBT<\/a>, Bitcoin is heading into a pivotal monthly close next week, as recent price action suggests the market is approaching an inflection point. Notably, after sweeping external highs near $94,600 earlier in the month, BTC has since faced firm rejection, pushing price back toward the lower end of its recent range between $88,000-$90,000. <\/p>\n

The rejection from these highs resulted in pronounced upper wicks on higher timeframes, a structure that often signals aggressive selling pressure. However, KillaXBT explains that such wicks are frequently partially or fully retraced, due to liquidity. With a full trading week still remaining before the monthly candle closes, the market analyst postulates that there are three primary scenarios that could determine price direction for February.<\/p>\n

\u00a0<\/p>\n

\"Bitcoin\"<\/p>\n

Firstly, Bitcoin could rise into the end of the month, allowing for a stronger monthly close. Under this scenario, February could begin with price forming the upper portion of the current wick, potentially revisiting the low-to-mid $90,000s before rolling over later in the month toward the $83,800 region. <\/p>\n

In the second scenario, Bitcoin closes the month near current levels around $89,000, followed by an early-February move to hunt liquidity in the $91,000\u2013$92,000 range before resuming a downward trend. Interestingly, both scenarios align with the idea that the market may first move higher to rebalance liquidity before resolving lower.<\/p>\n

The third scenario presents a more severe outcome that aligns with a potential market breakdown. In this case, KillaXBT forecasts Bitcoin could retrace below the weekly and monthly open at $87,664 and close beneath this level before February. The analyst describes this scenario as \u201cviolently bearish\u201d, as it increases the probability of a rapid move towards a lower support in the new month. <\/p>\n

Notably, KillaXBT favors the first two scenarios, as the present sentiment being heavily bearish indicates that most investors are least expecting a move to the higher side. However, the analyst also emphasizes that the loss of $83,800 support in any scenario would significantly alter the outlook for any remaining long exposure.\n<\/p>\n

Bitcoin Price Overview<\/b><\/h2>\n

At press time, Bitcoin trades at $89,645 following a minor 1.4% gain in the last day.\n<\/p>\n

\"Bitcoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

In the last week, Bitcoin suffered another correction wave with prices dropping to around $88,000 as the crypto market continues to face a weak investor appetite. While the premier cryptocurrency has experienced some slight relief, an approaching monthly close indicates the market is at a critical juncture that could define its price direction for February. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-69189","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/69189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69189"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/69189\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}