Bitcoin traded with modest volatility during Tuesday’s Wall Street open as analysts flagged a possible market bottom by month-end. Data showed a high near $88,300 before a retracement, and analysts linked the action to earnings, technical signals, and the coming Federal Reserve decision.
TradingView data showed the intraday peak and a brief dip below $87,000, while Keith Alan of Material Indicators highlighted a new buy signal on the daily chart. He wrote and added that “there is a high probability that price will not revisit yesterday’s low today,” via his post on X.
Onchain analytics from CryptoQuant suggested stabilizing momentum on Binance, with daily momentum near $1,700 and a 1.93% reading. The platform’s Quicktake described this as a quiet corrective move rather than strong bullish momentum.
Longer-term schematic analysis using Wyckoff methods warned of a possible sub-$80,000 swing low ahead of February. MartyParty linked that setup to a Wyckoff “spring” and wrote “This coincides with the Wyckoff Spring Event. Expect Volatility,” in his X post, while CME Group FedWatch data showed rate-cut odds remaining below 3% before Wednesday’s decision.
